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Side-by-side financial comparison of RYAN SPECIALTY HOLDINGS, INC. (RYAN) and SunCoke Energy, Inc. (SXC). Click either name above to swap in a different company.

RYAN SPECIALTY HOLDINGS, INC. is the larger business by last-quarter revenue ($738.0M vs $480.2M, roughly 1.5× SunCoke Energy, Inc.). RYAN SPECIALTY HOLDINGS, INC. runs the higher net margin — 1.1% vs -17.8%, a 18.9% gap on every dollar of revenue. On growth, RYAN SPECIALTY HOLDINGS, INC. posted the faster year-over-year revenue change (13.6% vs -1.2%). Over the past eight quarters, RYAN SPECIALTY HOLDINGS, INC.'s revenue compounded faster (17.1% CAGR vs -0.8%).

Aon plc is a British-American professional services firm. The company operates two divisions: Risk Capital, which provides brokerage and consulting services for risk management and insurance and reinsurance, and Human Capital, which provides services for health insurance, retirement plans, pension plans, and talent advisory.

Energy Brands, also doing business as Glacéau, is a privately owned subsidiary of the Coca-Cola Company based in Whitestone, Queens, New York, that manufactures and distributes various lines of drinks marketed as enhanced water. Founded in May 1996 by J. Darius Bikoff with an electrolyte enhanced line of water called Smartwater, Energy Brands initially distributed its products to health food stores and independent retailers in the New York area. Adding Fruitwater and Vitaminwater to its line ...

RYAN vs SXC — Head-to-Head

Bigger by revenue
RYAN
RYAN
1.5× larger
RYAN
$738.0M
$480.2M
SXC
Growing faster (revenue YoY)
RYAN
RYAN
+14.8% gap
RYAN
13.6%
-1.2%
SXC
Higher net margin
RYAN
RYAN
18.9% more per $
RYAN
1.1%
-17.8%
SXC
Faster 2-yr revenue CAGR
RYAN
RYAN
Annualised
RYAN
17.1%
-0.8%
SXC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RYAN
RYAN
SXC
SXC
Revenue
$738.0M
$480.2M
Net Profit
$8.0M
$-85.6M
Gross Margin
Operating Margin
12.4%
-20.4%
Net Margin
1.1%
-17.8%
Revenue YoY
13.6%
-1.2%
Net Profit YoY
-42.0%
-461.2%
EPS (diluted)
$-1.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
RYAN
RYAN
SXC
SXC
Q4 25
$738.0M
$480.2M
Q3 25
$739.6M
$487.0M
Q2 25
$840.9M
$434.1M
Q1 25
$676.1M
$436.0M
Q4 24
$649.4M
$486.0M
Q3 24
$588.1M
$490.1M
Q2 24
$680.2M
$470.9M
Q1 24
$537.9M
$488.4M
Net Profit
RYAN
RYAN
SXC
SXC
Q4 25
$8.0M
$-85.6M
Q3 25
$31.1M
$22.2M
Q2 25
$52.0M
$1.9M
Q1 25
$-27.6M
$17.3M
Q4 24
$13.8M
$23.7M
Q3 24
$17.6M
$30.7M
Q2 24
$46.8M
$21.5M
Q1 24
$16.5M
$20.0M
Operating Margin
RYAN
RYAN
SXC
SXC
Q4 25
12.4%
-20.4%
Q3 25
15.0%
2.8%
Q2 25
22.7%
2.3%
Q1 25
14.8%
6.9%
Q4 24
16.8%
7.3%
Q3 24
13.9%
9.6%
Q2 24
24.2%
7.4%
Q1 24
13.5%
7.1%
Net Margin
RYAN
RYAN
SXC
SXC
Q4 25
1.1%
-17.8%
Q3 25
4.2%
4.6%
Q2 25
6.2%
0.4%
Q1 25
-4.1%
4.0%
Q4 24
2.1%
4.9%
Q3 24
3.0%
6.3%
Q2 24
6.9%
4.6%
Q1 24
3.1%
4.1%
EPS (diluted)
RYAN
RYAN
SXC
SXC
Q4 25
$-1.00
Q3 25
$0.26
Q2 25
$0.02
Q1 25
$0.20
Q4 24
$0.28
Q3 24
$0.36
Q2 24
$0.25
Q1 24
$0.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RYAN
RYAN
SXC
SXC
Cash + ST InvestmentsLiquidity on hand
$158.3M
$88.7M
Total DebtLower is stronger
$3.3B
$685.5M
Stockholders' EquityBook value
$648.1M
$597.3M
Total Assets
$10.6B
$1.8B
Debt / EquityLower = less leverage
5.16×
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RYAN
RYAN
SXC
SXC
Q4 25
$158.3M
$88.7M
Q3 25
$153.5M
$80.4M
Q2 25
$172.6M
$186.2M
Q1 25
$203.5M
$193.7M
Q4 24
$540.2M
$189.6M
Q3 24
$235.2M
$164.7M
Q2 24
$1.7B
$81.9M
Q1 24
$1.6B
$120.1M
Total Debt
RYAN
RYAN
SXC
SXC
Q4 25
$3.3B
$685.5M
Q3 25
$691.1M
Q2 25
$493.4M
Q1 25
$492.9M
Q4 24
$3.3B
$492.3M
Q3 24
$491.8M
Q2 24
$491.3M
Q1 24
$490.8M
Stockholders' Equity
RYAN
RYAN
SXC
SXC
Q4 25
$648.1M
$597.3M
Q3 25
$630.5M
$695.9M
Q2 25
$610.1M
$677.7M
Q1 25
$542.5M
$684.6M
Q4 24
$627.7M
$680.2M
Q3 24
$632.8M
$658.6M
Q2 24
$605.9M
$636.9M
Q1 24
$554.4M
$623.0M
Total Assets
RYAN
RYAN
SXC
SXC
Q4 25
$10.6B
$1.8B
Q3 25
$9.9B
$1.9B
Q2 25
$10.6B
$1.6B
Q1 25
$9.9B
$1.7B
Q4 24
$9.6B
$1.7B
Q3 24
$8.5B
$1.7B
Q2 24
$8.3B
$1.7B
Q1 24
$7.1B
$1.7B
Debt / Equity
RYAN
RYAN
SXC
SXC
Q4 25
5.16×
1.15×
Q3 25
0.99×
Q2 25
0.73×
Q1 25
0.72×
Q4 24
5.22×
0.72×
Q3 24
0.75×
Q2 24
0.77×
Q1 24
0.79×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RYAN
RYAN
SXC
SXC
Operating Cash FlowLast quarter
$263.2M
$56.6M
Free Cash FlowOCF − Capex
$32.8M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
0.0%
5.0%
Cash ConversionOCF / Net Profit
32.99×
TTM Free Cash FlowTrailing 4 quarters
$42.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RYAN
RYAN
SXC
SXC
Q4 25
$263.2M
$56.6M
Q3 25
$169.7M
$9.2M
Q2 25
$353.6M
$17.5M
Q1 25
$-142.8M
$25.8M
Q4 24
$259.6M
$60.9M
Q3 24
$100.9M
$107.2M
Q2 24
$270.8M
$-9.3M
Q1 24
$-116.5M
$10.0M
Free Cash Flow
RYAN
RYAN
SXC
SXC
Q4 25
$32.8M
Q3 25
$167.3M
$-16.3M
Q2 25
$4.9M
Q1 25
$-143.5M
$20.9M
Q4 24
$36.1M
Q3 24
$92.1M
Q2 24
$-26.8M
Q1 24
$-5.5M
FCF Margin
RYAN
RYAN
SXC
SXC
Q4 25
6.8%
Q3 25
22.6%
-3.3%
Q2 25
1.1%
Q1 25
-21.2%
4.8%
Q4 24
7.4%
Q3 24
18.8%
Q2 24
-5.7%
Q1 24
-1.1%
Capex Intensity
RYAN
RYAN
SXC
SXC
Q4 25
0.0%
5.0%
Q3 25
0.3%
5.2%
Q2 25
0.0%
2.9%
Q1 25
0.1%
1.1%
Q4 24
0.0%
5.1%
Q3 24
0.0%
3.1%
Q2 24
0.0%
3.7%
Q1 24
0.0%
3.2%
Cash Conversion
RYAN
RYAN
SXC
SXC
Q4 25
32.99×
Q3 25
5.46×
0.41×
Q2 25
6.80×
9.21×
Q1 25
1.49×
Q4 24
18.88×
2.57×
Q3 24
5.74×
3.49×
Q2 24
5.79×
-0.43×
Q1 24
-7.05×
0.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

RYAN
RYAN

Wholesale Brokerage$385.7M52%
Underwriting Management$268.3M36%
Binding Authorities$84.0M11%

SXC
SXC

Segment breakdown not available.

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