The Filing Desk

Goosehead Insurance vs Ryan Specialty

Goosehead Insurance GSHD · Ryan Specialty RYAN · Insurance Brokers

Ryan Specialty reported revenue of $3.1 billion in fiscal 2025, 8.4 times Goosehead Insurance's $365 million in fiscal 2025. Goosehead Insurance's revenue grew 16.1% in its latest year, and Ryan Specialty's grew 21.3%. Goosehead Insurance had an operating margin of 20.4%, against 16.2% at Ryan Specialty. Free cash flow was $86 million at Goosehead Insurance and $641 million at Ryan Specialty.

Side by side

Goosehead InsuranceRyan Specialty
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$365M$3.1B
Revenue growth16.1%21.3%
Revenue growth a year, last 5 years25.6%24.5%
Gross margin——
Operating margin20.4%16.2%
Net margin7.6%2.1%
Free cash flow$86M$641M
Free cash flow margin23.6%21.0%
Return on capital75.5%8.7%
Net debt to EBITDA3.0x4.1x
Dividends and buybacks$228M$62M
Change in diluted share count−0.5%—
Last close$55.55$47.73
P/E at the last close53.4×—
Insider trades, last 12 monthsbought $20.1 million, sold $34.3 millionbought $5.6 million, sold $234.6 million
Piotroski F-score5 of 8—
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Goosehead InsuranceRyan Specialty
Operating margin
Percent of revenue
Goosehead InsuranceRyan Specialty
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Goosehead InsuranceRyan Specialty

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Goosehead Insurance and Ryan Specialty pages.