Verisk Analytics (VRSK) Financials

$271.06 -0.85 (-0.31%)

Closing price 08/22/2025 04:00 PM Eastern

Extended Trading

$271.28 +0.22 (+0.08%)

As of 08/22/2025 07:45 PM Eastern

Annual Income Statements for Verisk Analytics

This table shows Verisk Analytics' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	400	508	591	555	599	450	713	666	954	615	958
Consolidated Net Income / (Loss)	400	508	591	555	599	450	713	666	954	614	958
Net Income / (Loss) Continuing Operations	354	488	452	555	599	450	654	607	1,042	768	951
Total Pre-Tax Income	563	684	654	691	720	568	818	787	1,262	1,027	1,229
Total Operating Income	632	703	768	801	834	697	956	911	1,407	1,132	1,254
Total Gross Profit	915	1,149	1,281	1,361	1,509	1,630	1,478	1,609	1,672	1,805	1,981
Total Revenue	1,431	1,761	1,995	2,145	2,395	2,607	2,269	2,463	2,497	2,681	2,882
Operating Revenue	1,431	1,761	1,995	2,145	2,395	2,607	2,269	2,463	2,497	2,681	2,882
Total Cost of Revenue	516	612	714	784	886	977	792	854	825	877	901
Operating Cost of Revenue	516	612	714	784	886	977	792	854	825	877	901
Total Operating Expenses	283	445	513	560	675	933	521	697	266	673	727
Selling, General & Admin Expense	187	278	302	323	379	604	308	313	382	392	409
Depreciation Expense	65	97	119	136	165	186	159	170	164	207	234
Amortization Expense	30	70	93	102	131	138	73	80	74	75	72
Other Operating Expenses / (Income)	-	-	-	-	0.00	6.20	-19	134	-354	0.00	12
Total Other Income / (Expense), net	-70	-19	-114	-110	-114	-129	-138	-125	-144	-105	-25
Interest Expense	70	121	120	119	130	127	138	127	139	116	121
Other Income / (Expense), net	-	-	-	0.00	15	-1.70	0.40	2.10	-5.30	11	96
Income Tax Expense	209	197	202	136	121	119	165	179	220	259	278
Net Income / (Loss) Discontinued Operations	46	20	140	-	-	-	59	59	-88	-154	6.80
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	0.00	0.00	0.10	0.40	-0.20	-0.70
Basic Earnings per Share	$2.41	$3.07	$3.51	$3.36	$3.63	$2.75	$4.38	$4.12	$6.04	$4.19	$6.74
Weighted Average Basic Shares Outstanding	165.82M	165.09M	168.25M	165.17M	164.81M	163.54M	162.61M	161.84M	157.91M	146.62M	142.15M
Diluted Earnings per Share	$2.37	$3.01	$3.45	$3.29	$3.56	$2.70	$4.31	$4.08	$6.00	$4.17	$6.71
Weighted Average Diluted Shares Outstanding	169.13M	168.45M	171.17M	168.69M	168.30M	166.56M	165.32M	163.34M	158.93M	147.34M	142.84M
Weighted Average Basic & Diluted Shares Outstanding	166M	165.30M	168.40M	165.20M	164.90M	163.08M	162.79M	161.28M	154.70M	143.39M	140.28M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	-	-	$1.56

This table shows Verisk Analytics' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	61	56	197	187	174	220	308	220	210	232	253
Consolidated Net Income / (Loss)	61	56	197	187	174	219	308	220	210	232	253
Net Income / (Loss) Continuing Operations	216	194	204	187	182	219	308	220	204	232	253
Total Pre-Tax Income	239	267	268	250	243	275	393	285	275	296	328
Total Operating Income	283	294	306	281	251	307	319	312	316	330	354
Total Gross Profit	425	435	458	460	451	476	497	502	505	522	543
Total Revenue	631	652	675	678	677	704	717	725	736	753	773
Operating Revenue	631	652	675	678	677	704	717	725	736	753	773
Total Cost of Revenue	205	216	217	217	226	228	219	223	231	231	230
Operating Cost of Revenue	205	216	217	217	226	228	219	223	231	231	230
Total Operating Expenses	143	141	152	179	201	169	179	190	189	192	189
Selling, General & Admin Expense	81	79	87	112	114	93	102	114	100	109	107
Depreciation Expense	43	45	47	48	68	57	59	58	59	67	66
Amortization Expense	17	18	19	20	19	19	18	18	17	16	16
Total Other Income / (Expense), net	-43	-28	-38	-31	-7.80	-32	74	-26	-41	-34	-26
Interest Expense	41	26	32	29	28	29	26	32	35	36	36
Interest & Investment Income	-	-	-	-	-	-3.30	100	-	-	2.60	9.10
Income Tax Expense	24	72	64	62	60	56	85	65	72	64	75
Net Income / (Loss) Attributable to Noncontrolling Interest	0.10	0.10	-0.10	0.00	-0.20	-0.20	-0.30	-0.10	-0.10	0.00	0.00
Basic Earnings per Share	$0.43	$0.37	$1.36	$1.29	$1.17	$1.53	$2.16	$1.55	$1.50	$1.66	$1.81
Weighted Average Basic Shares Outstanding	157.91M	152.03M	144.83M	145.01M	146.62M	143.30M	142.71M	141.78M	142.15M	140.29M	139.82M
Diluted Earnings per Share	$0.43	$0.37	$1.35	$1.29	$1.16	$1.52	$2.15	$1.54	$1.50	$1.65	$1.81
Weighted Average Diluted Shares Outstanding	158.93M	152.71M	145.50M	145.74M	147.34M	143.97M	143.29M	142.51M	142.84M	140.94M	140.34M
Weighted Average Basic & Diluted Shares Outstanding	154.70M	144.79M	145.03M	144.99M	143.39M	142.68M	142.42M	141.21M	140.28M	139.88M	139.71M

This table details how cash moves in and out of Verisk Analytics' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-127	99	-3.20	7.20	-5.60	45	34	62	12	10	-12
Net Cash From Operating Activities	489	664	578	744	934	956	1,068	1,156	1,059	1,061	1,144
Net Cash From Continuing Operating Activities	489	664	578	744	934	956	1,068	1,156	1,059	1,061	1,144
Net Income / (Loss) Continuing Operations	400	508	591	555	599	450	713	666	954	614	958
Consolidated Net Income / (Loss)	400	508	591	555	599	450	713	666	954	614	958
Depreciation Expense	87	121	126	136	165	186	192	207	197	207	234
Amortization Expense	60	108	103	106	135	142	168	178	144	76	75
Non-Cash Adjustments To Reconcile Net Income	-50	-54	-219	34	32	57	42	208	95	231	-23
Changes in Operating Assets and Liabilities, net	-6.80	-18	-24	-87	3.20	122	-46	-103	-331	-68	-99
Net Cash From Investing Activities	-36	-3,006	493	-1,106	-265	-928	-596	-592	301	2,747	-125
Net Cash From Continuing Investing Activities	-187	-3,006	493	-1,106	-265	-928	-596	-592	301	2,747	-125
Purchase of Property, Plant & Equipment	-147	-166	-157	-184	-231	-217	-247	-268	-275	-230	-224
Acquisitions	-35	-2,942	-74	-915	-153	-704	-285	-300	-451	-87	-20
Purchase of Investments	-5.20	-0.20	-0.30	-	0.00	0.00	-95	-24	-46	-2.20	112
Sale of Property, Plant & Equipment	-	-	-	-	0.00	0.00	23	0.00	1,073	3,066	6.40
Other Investing Activities, net	0.00	16	9.00	-7.10	-2.70	-7.40	7.80	0.20	0.00	-0.60	0.00
Net Cash From Financing Activities	-579	2,441	-1,064	363	-670	11	-445	-499	-1,330	-3,787	-1,029
Net Cash From Continuing Financing Activities	-579	2,441	-1,064	363	-670	11	-445	-499	-1,330	-3,787	-1,029
Repayment of Debt	-6.20	-370	-775	-8.30	-315	-192	-40	92	16	-1,412	-424
Repurchase of Preferred Equity	-	-	-	-	-	-	-	0.00	0.00	-38	-45
Repurchase of Common Equity	-779	-20	-327	-276	-439	-300	-349	-475	-1,663	-2,762	-1,005
Payment of Dividends	-	-	-	0.00	0.00	-164	-176	-188	-195	-197	-221
Issuance of Debt	160	2,074	0.00	615	0.00	620	70	0.00	400	495	590
Other Financing Activities, net	46	36	38	32	84	47	50	73	112	127	76
Effect of Exchange Rate Changes	-1.30	0.60	-9.70	6.70	-2.00	6.10	-	-3.30	-18	-11	-2.20
Cash Interest Paid	67	106	117	114	125	120	134	129	134	111	132
Cash Income Taxes Paid	206	159	289	186	103	140	0.00	175	325	276	288

This table details how cash moves in and out of Verisk Analytics' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	16	-61	77	108	-114	50	280	-174	-167	821	-483
Net Cash From Operating Activities	249	365	193	250	252	372	220	296	255	445	245
Net Cash From Continuing Operating Activities	249	365	193	250	252	372	220	296	255	448	241
Net Income / (Loss) Continuing Operations	61	56	197	187	174	219	308	220	210	232	253
Consolidated Net Income / (Loss)	61	56	197	187	174	219	308	220	210	232	253
Depreciation Expense	46	45	47	48	68	57	59	58	59	67	66
Amortization Expense	22	18	19	20	19	19	19	19	18	16	17
Non-Cash Adjustments To Reconcile Net Income	358	158	36	27	10	24	-79	31	0.30	27	15
Changes in Operating Assets and Liabilities, net	-238	89	-106	-32	-18	52	-87	-32	-32	106	-110
Net Cash From Investing Activities	-82	2,967	-108	-55	-57	-80	56	-53	-48	-58	-81
Net Cash From Continuing Investing Activities	-82	2,967	-108	-55	-57	-80	56	-53	-48	-58	-81
Purchase of Property, Plant & Equipment	-80	-61	-58	-54	-56	-55	-58	-56	-55	-54	-56
Acquisitions	-	-37	-50	-	-	-23	-	3.80	-	-4.10	-20
Purchase of Investments	-2.10	-0.80	-	-0.90	-0.50	-1.30	1.80	-0.90	113	0.00	-4.50
Net Cash From Financing Activities	-169	-3,405	3.20	-90	-295	-243	5.60	-421	-370	433	-659
Net Cash From Continuing Financing Activities	-169	-3,405	3.20	-90	-295	-243	5.60	-421	-370	433	-659
Repayment of Debt	49	-1,397	-2.40	-9.70	-2.50	-2.80	-405	-13	-2.70	-8.70	-504
Repurchase of Preferred Equity	-	-500	-	-	463	-30	7.50	-38	15	-30	30
Repurchase of Common Equity	-466	-2,000	-	-50	-713	-170	-158	-363	-315	-170	-130
Payment of Dividends	-48	-49	-50	-49	-49	-56	-56	-55	-55	-63	-63
Other Financing Activities, net	21	46	55	19	6.30	16	26	47	-13	6.80	7.70
Effect of Exchange Rate Changes	18	12	-11	2.90	-14	-0.10	-2.20	3.60	-3.50	0.70	12
Cash Interest Paid	60	16	36	8.50	50	9.10	46	7.90	69	10	50
Cash Income Taxes Paid	60	10	135	66	65	6.10	135	77	69	-67	165

This table presents Verisk Analytics' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	2,345	5,594	4,631	6,020	5,900	7,055	7,562	7,808	6,961	4,366	4,265
Total Current Assets	384	605	501	598	645	745	794	907	925	810	912
Cash & Equivalents	39	138	135	142	140	185	219	112	113	303	291
Accounts Receivable	221	251	264	346	356	442	432	300	290	334	434
Prepaid Expenses	31	34	29	38	64	61	81	88	84	85	73
Current Deferred & Refundable Income Taxes	70	49	49	29	34	26	25	41	44	24	83
Other Current Assets	19	53	20	43	51	18	36	31	32	65	30
Plant, Property, & Equipment, net	302	350	380	478	556	548	632	531	542	605	606
Total Noncurrent Assets	1,659	4,639	3,750	4,944	4,700	5,762	6,135	6,369	5,495	2,951	2,747
Goodwill	1,207	2,753	2,578	3,369	3,362	3,864	4,108	2,048	1,676	1,761	1,727
Intangible Assets	406	1,245	1,011	1,345	1,228	1,399	1,385	482	505	472	392
Noncurrent Deferred & Refundable Income Taxes	-	0.00	16	16	11	9.80	9.10	1.80	32	31	34
Other Noncurrent Operating Assets	26	608	146	215	100	378	633	633	553	688	594
Total Liabilities & Shareholders' Equity	2,345	5,594	4,631	6,020	5,900	7,055	7,562	7,808	6,961	4,366	4,265
Total Liabilities	2,134	4,222	3,299	4,095	3,830	4,794	4,864	4,966	5,193	4,044	4,160
Total Current Liabilities	771	1,479	622	1,338	1,325	1,492	1,431	1,848	2,319	771	1,239
Short-Term Debt	336	875	107	724	673	499	514	971	1,393	15	514
Accounts Payable	181	222	184	225	251	375	407	262	293	341	250
Current Deferred Revenue	253	341	331	385	-	440	467	348	322	375	447
Current Deferred & Payable Income Tax Liabilities	-	-	0.00	3.10	5.20	6.80	3.80	3.00	0.00	7.90	1.70
Other Current Liabilities	-	-	-	-	396	152	39	32	30	33	26
Total Noncurrent Liabilities	1,363	2,742	2,677	2,757	2,505	3,303	3,433	3,118	2,874	3,273	2,921
Long-Term Debt	1,101	2,271	2,280	2,284	2,051	2,652	2,700	2,343	2,343	2,852	2,547
Noncurrent Deferred & Payable Income Tax Liabilities	203	329	322	338	351	356	397	290	146	210	192
Other Noncurrent Operating Liabilities	43	58	75	135	104	257	336	275	208	210	182
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	211	1,372	1,332	1,925	2,071	2,261	2,698	2,843	1,768	322	105
Total Preferred & Common Equity	211	1,372	1,332	1,925	2,071	2,261	2,698	2,817	1,749	310	100
Total Common Equity	211	1,372	1,332	1,925	2,071	2,261	2,698	2,817	1,749	310	100
Common Stock	1,171	2,024	2,122	2,180	2,283	2,369	2,491	2,609	2,721	2,872	2,994
Retained Earnings	1,654	2,162	2,753	3,308	3,943	4,228	4,762	5,240	5,999	6,417	7,153
Treasury Stock	-2,534	-2,571	-2,891	-3,151	-3,563	-3,850	-4,179	-4,638	-6,240	-9,038	-10,062
Accumulated Other Comprehensive Income / (Loss)	-81	-242	-651	-412	-592	-487	-376	-395	-731	58	15
Noncontrolling Interest	-	-	-	-	-	-	0.00	26	18	12	4.90

This table presents Verisk Analytics' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Total Assets	6,961	4,190	4,316	4,364	4,366	4,499	4,768	4,563	4,265	5,122	4,795
Total Current Assets	925	791	855	928	810	1,017	1,307	1,093	912	1,772	1,377
Cash & Equivalents	113	232	309	417	303	352	632	458	291	1,112	629
Accounts Receivable	290	433	381	353	334	487	479	446	434	564	612
Prepaid Expenses	84	80	91	90	85	85	84	77	73	66	79
Current Deferred & Refundable Income Taxes	44	0.00	21	17	24	32	76	81	83	0.00	30
Other Current Assets	32	46	53	52	65	61	36	31	30	30	28
Plant, Property, & Equipment, net	542	561	582	612	605	613	624	622	606	596	593
Total Noncurrent Assets	5,495	2,838	2,879	2,824	2,951	2,869	2,837	2,849	2,747	2,754	2,824
Goodwill	1,676	1,706	1,755	1,732	1,761	1,761	1,759	1,793	1,727	1,749	1,809
Intangible Assets	505	506	508	482	472	452	433	423	392	382	388
Noncurrent Deferred & Refundable Income Taxes	32	32	33	32	31	31	31	32	34	35	37
Other Noncurrent Operating Assets	553	594	583	579	688	626	615	601	594	588	590
Total Liabilities & Shareholders' Equity	6,961	4,190	4,316	4,364	4,366	4,499	4,768	4,563	4,265	5,122	4,795
Total Liabilities	5,193	4,110	4,010	3,969	4,044	4,211	4,333	4,259	4,160	4,998	4,482
Total Current Liabilities	2,319	890	801	784	771	930	1,371	1,335	1,239	1,398	899
Short-Term Debt	1,393	2.60	3.40	12	15	16	517	516	514	518	17
Accounts Payable	293	257	284	301	341	241	245	282	250	207	176
Current Deferred Revenue	322	550	469	424	375	636	573	499	447	585	671
Current Deferred & Payable Income Tax Liabilities	0.00	45	1.80	3.10	7.90	11	10	11	1.70	60	8.00
Other Current Liabilities	30	36	43	44	33	27	27	27	26	29	28
Total Noncurrent Liabilities	2,874	3,220	3,209	3,185	3,273	3,281	2,961	2,923	2,921	3,600	3,583
Long-Term Debt	2,343	2,838	2,842	2,854	2,852	2,860	2,552	2,547	2,547	3,235	3,233
Noncurrent Deferred & Payable Income Tax Liabilities	146	141	139	129	210	203	193	188	192	184	181
Other Noncurrent Operating Liabilities	208	241	228	201	210	218	216	189	182	182	169
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,768	80	306	395	322	288	435	305	105	124	313
Total Preferred & Common Equity	1,749	68	294	385	310	282	430	300	100	123	312
Total Common Equity	1,749	68	294	385	310	282	430	300	100	123	312
Common Stock	2,721	2,316	2,368	2,396	2,872	2,896	2,943	2,958	2,994	3,026	3,080
Retained Earnings	5,999	6,007	6,154	6,292	6,417	6,581	6,833	6,998	7,153	7,323	7,513
Treasury Stock	-6,240	-8,283	-8,273	-8,319	-9,038	-9,238	-9,389	-9,747	-10,062	-10,271	-10,398
Accumulated Other Comprehensive Income / (Loss)	-731	29	46	16	58	44	43	91	15	46	116
Noncontrolling Interest	18	11	12	11	12	5.60	5.00	5.10	4.90	0.80	0.90

This table displays calculated financial ratios and metrics derived from Verisk Analytics' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.32%	23.03%	13.32%	7.52%	11.65%	8.85%	-12.95%	8.51%	1.40%	7.38%	7.47%
EBITDA Growth	3.57%	19.69%	7.03%	4.57%	10.25%	-11.04%	28.73%	-1.37%	34.18%	-18.18%	16.31%
EBIT Growth	2.94%	11.24%	9.13%	4.38%	6.02%	-18.15%	37.62%	-4.52%	53.39%	-18.45%	18.11%
NOPAT Growth	1.95%	25.97%	5.77%	21.40%	7.81%	-20.50%	38.50%	-7.91%	65.04%	-27.09%	14.61%
Net Income Growth	14.82%	26.90%	16.47%	-6.11%	7.85%	-24.85%	58.41%	-6.51%	43.22%	-35.62%	55.84%
EPS Growth	17.33%	27.00%	14.62%	-4.64%	8.21%	-24.16%	59.63%	-5.34%	47.06%	-30.50%	60.91%
Operating Cash Flow Growth	-3.46%	35.64%	-13.00%	28.74%	25.68%	2.34%	11.70%	8.19%	-8.37%	0.16%	7.85%
Free Cash Flow Firm Growth	24.62%	-615.03%	158.97%	-141.79%	246.53%	-94.36%	389.80%	1,401.23%	-60.90%	-46.58%	36.26%
Invested Capital Growth	-2.97%	174.70%	-18.77%	33.82%	-2.87%	10.84%	10.35%	-48.23%	-6.36%	4.57%	-0.39%
Revenue Q/Q Growth	-15.75%	22.91%	1.46%	3.09%	1.85%	2.47%	-17.42%	1.31%	19.11%	1.77%	2.07%
EBITDA Q/Q Growth	-0.50%	7.86%	-1.75%	3.84%	2.96%	-0.22%	-2.21%	-4.66%	9.17%	0.61%	1.78%
EBIT Q/Q Growth	-0.96%	5.61%	-0.11%	3.18%	2.58%	-1.59%	-3.76%	-6.80%	14.28%	-0.85%	2.96%
NOPAT Q/Q Growth	-0.97%	7.88%	-1.25%	21.63%	-8.27%	-3.06%	-1.90%	-4.71%	14.17%	-7.10%	5.10%
Net Income Q/Q Growth	2.59%	3.35%	-0.77%	20.75%	-8.89%	-3.02%	6.58%	-4.91%	-7.79%	22.44%	3.96%
EPS Q/Q Growth	3.95%	2.38%	-0.58%	20.96%	-8.72%	-2.88%	6.95%	-4.67%	-6.83%	21.22%	5.34%
Operating Cash Flow Q/Q Growth	-1.94%	5.23%	-8.06%	8.51%	2.41%	0.31%	7.29%	-4.97%	6.05%	0.32%	0.26%
Free Cash Flow Firm Q/Q Growth	0.62%	0.27%	5.83%	-98.46%	41.34%	-93.30%	270.41%	520.73%	-4.88%	-77.54%	14.31%
Invested Capital Q/Q Growth	2.45%	1.59%	-0.35%	8.69%	1.70%	16.06%	6.24%	-46.81%	-46.31%	1.44%	-1.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	63.94%	65.24%	64.19%	63.46%	63.00%	62.53%	65.11%	65.33%	66.98%	67.31%	68.73%
EBITDA Margin	54.39%	52.92%	49.98%	48.61%	48.00%	39.23%	58.02%	52.73%	69.78%	53.17%	57.54%
Operating Margin	44.18%	39.95%	38.47%	37.35%	34.83%	26.73%	42.14%	37.01%	56.33%	42.21%	43.51%
EBIT Margin	44.18%	39.95%	38.47%	37.35%	35.46%	26.67%	42.16%	37.10%	56.12%	42.62%	46.83%
Profit (Net Income) Margin	27.95%	28.83%	29.63%	25.88%	25.00%	17.26%	31.40%	27.06%	38.22%	22.91%	33.23%
Tax Burden Percent	71.11%	74.20%	90.44%	80.33%	83.19%	79.15%	87.08%	84.72%	75.59%	59.81%	77.93%
Interest Burden Percent	88.96%	97.26%	85.16%	86.25%	84.73%	81.76%	85.54%	86.10%	90.09%	89.89%	91.03%
Effective Tax Rate	37.07%	28.74%	30.93%	19.67%	16.81%	20.85%	20.11%	22.81%	17.45%	25.19%	22.62%
Return on Invested Capital (ROIC)	24.42%	16.67%	13.27%	15.37%	14.69%	11.24%	14.08%	16.28%	40.69%	29.99%	33.68%
ROIC Less NNEP Spread (ROIC-NNEP)	24.59%	16.96%	15.58%	11.91%	11.20%	7.53%	12.34%	13.88%	3.00%	16.93%	33.20%
Return on Net Nonoperating Assets (RNNOA)	81.03%	47.46%	30.45%	18.70%	15.27%	9.53%	14.66%	7.77%	0.71%	28.81%	414.58%
Return on Equity (ROE)	105.45%	64.13%	43.72%	34.08%	29.97%	20.77%	28.74%	24.05%	41.40%	58.80%	448.27%
Cash Return on Invested Capital (CROIC)	27.44%	-76.58%	33.99%	-13.55%	17.60%	0.96%	4.23%	79.84%	47.26%	25.52%	34.08%
Operating Return on Assets (OROA)	26.08%	17.72%	15.01%	15.04%	14.25%	10.73%	13.09%	11.89%	18.97%	20.18%	31.27%
Return on Assets (ROA)	16.50%	12.79%	11.56%	10.42%	10.04%	6.95%	9.75%	8.67%	12.92%	10.85%	22.19%
Return on Common Equity (ROCE)	105.45%	64.13%	43.72%	34.08%	29.97%	20.77%	28.74%	23.94%	41.00%	57.94%	430.32%
Return on Equity Simple (ROE_SIMPLE)	189.53%	37.00%	44.37%	28.83%	28.91%	19.90%	26.41%	23.66%	54.55%	198.19%	956.54%
Net Operating Profit after Tax (NOPAT)	398	501	530	644	694	552	764	704	1,161	847	970
NOPAT Margin	27.81%	28.47%	26.57%	30.00%	28.97%	21.16%	33.66%	28.57%	46.50%	31.57%	33.67%
Net Nonoperating Expense Percent (NNEP)	-0.17%	-0.29%	-2.31%	3.46%	3.49%	3.71%	1.74%	2.40%	37.68%	13.06%	0.48%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	21.10%	26.55%	30.65%
Cost of Revenue to Revenue	36.06%	34.76%	35.81%	36.54%	37.00%	37.47%	34.89%	34.67%	33.02%	32.69%	31.27%
SG&A Expenses to Revenue	13.09%	15.81%	15.12%	15.05%	15.81%	23.15%	13.58%	12.72%	15.28%	14.61%	14.18%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.76%	25.29%	25.72%	26.11%	28.17%	35.80%	22.98%	28.32%	10.65%	25.11%	25.22%
Earnings before Interest and Taxes (EBIT)	632	703	768	801	849	695	957	914	1,401	1,143	1,350
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	778	932	997	1,043	1,150	1,023	1,317	1,299	1,742	1,426	1,658
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	48.30	9.16	9.84	7.92	8.37	10.52	12.23	12.88	15.58	111.05	388.55
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	126.54	0.00	0.00	0.00
Price to Revenue (P/Rev)	7.12	7.14	6.57	7.11	7.23	9.12	14.54	14.73	10.92	12.84	13.50
Price to Earnings (P/E)	25.48	24.76	22.19	27.48	28.93	52.86	46.31	54.44	28.57	56.01	40.59
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.69%	0.53%	0.52%	0.71%	0.57%	0.57%
Earnings Yield	3.92%	4.04%	4.51%	3.64%	3.46%	1.89%	2.16%	1.84%	3.50%	1.79%	2.46%
Enterprise Value to Invested Capital (EV/IC)	7.22	3.53	4.29	3.78	4.28	5.18	6.32	13.40	11.20	12.82	14.49
Enterprise Value to Revenue (EV/Rev)	8.10	8.84	7.70	8.45	8.31	10.26	15.86	16.04	12.37	13.80	14.46
Enterprise Value to EBITDA (EV/EBITDA)	14.89	16.71	15.41	17.38	17.31	26.15	27.34	30.42	17.73	25.96	25.13
Enterprise Value to EBIT (EV/EBIT)	18.32	22.14	20.02	22.62	23.43	38.47	37.63	43.23	22.05	32.38	30.87
Enterprise Value to NOPAT (EV/NOPAT)	29.12	31.07	28.98	28.16	28.69	48.49	47.12	56.14	26.61	43.71	42.94
Enterprise Value to Operating Cash Flow (EV/OCF)	23.68	23.46	26.60	24.38	21.30	27.97	33.70	34.17	29.18	34.88	36.42
Enterprise Value to Free Cash Flow (EV/FCFF)	25.92	0.00	11.32	0.00	23.94	570.17	156.68	11.45	22.91	51.37	42.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	6.81	2.29	1.79	1.56	1.32	1.39	1.19	1.17	2.11	8.90	29.15
Long-Term Debt to Equity	5.22	1.66	1.71	1.19	0.99	1.17	1.00	0.82	1.33	8.85	24.26
Financial Leverage	3.30	2.80	1.95	1.57	1.36	1.27	1.19	0.56	0.24	1.70	12.49
Leverage Ratio	6.39	5.02	3.78	3.27	2.98	2.99	2.95	2.77	3.20	5.42	20.20
Compound Leverage Factor	5.69	4.88	3.22	2.82	2.53	2.45	2.52	2.39	2.89	4.87	18.39
Debt to Total Capital	87.19%	69.63%	64.18%	60.98%	56.81%	58.22%	54.36%	53.83%	67.88%	89.90%	96.68%
Short-Term Debt to Total Capital	20.39%	19.36%	2.87%	14.68%	14.03%	9.23%	8.70%	15.78%	25.31%	0.45%	16.24%
Long-Term Debt to Total Capital	66.80%	50.27%	61.31%	46.30%	42.77%	49.00%	45.66%	38.05%	42.57%	89.44%	80.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.42%	0.33%	0.38%	0.15%
Common Equity to Total Capital	12.81%	30.37%	35.82%	39.02%	43.19%	41.78%	45.64%	45.75%	31.78%	9.72%	3.16%
Debt to EBITDA	1.85	3.38	2.39	2.89	2.37	3.08	2.44	2.55	2.14	2.01	1.85
Net Debt to EBITDA	1.79	3.22	2.25	2.75	2.25	2.90	2.27	2.47	2.08	1.80	1.67
Long-Term Debt to EBITDA	1.41	2.44	2.29	2.19	1.78	2.59	2.05	1.80	1.34	2.00	1.54
Debt to NOPAT	3.61	6.28	4.50	4.67	3.92	5.71	4.21	4.71	3.22	3.39	3.15
Net Debt to NOPAT	3.50	5.99	4.24	4.45	3.72	5.38	3.92	4.55	3.12	3.03	2.85
Long-Term Debt to NOPAT	2.77	4.53	4.30	3.55	2.96	4.81	3.53	3.33	2.02	3.37	2.62
Altman Z-Score	5.15	2.87	4.16	3.65	4.39	4.38	5.57	5.88	5.14	8.65	9.59
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.47%	0.96%	1.46%	4.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.50	0.41	0.81	0.45	0.49	0.50	0.56	0.49	0.40	1.05	0.74
Quick Ratio	0.34	0.27	0.65	0.36	0.37	0.42	0.46	0.22	0.17	0.83	0.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	447	-2,302	1,358	-567	831	47	230	3,449	1,349	720	982
Operating Cash Flow to CapEx	333.38%	399.64%	369.01%	405.18%	404.50%	441.10%	477.51%	430.59%	0.00%	0.00%	525.98%
Free Cash Flow to Firm to Interest Expense	6.39	-18.96	11.31	-4.75	6.41	0.37	1.66	27.16	9.72	6.24	8.11
Operating Cash Flow to Interest Expense	6.99	5.47	4.81	6.23	7.20	7.54	7.72	9.10	7.63	9.18	9.45
Operating Cash Flow Less CapEx to Interest Expense	4.89	4.10	3.51	4.69	5.42	5.83	6.11	6.99	13.38	33.74	7.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.59	0.44	0.39	0.40	0.40	0.40	0.31	0.32	0.34	0.47	0.67
Accounts Receivable Turnover	7.55	7.47	7.75	7.04	6.82	6.53	5.19	6.73	8.46	8.59	7.50
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	5.34	5.40	5.46	5.00	4.63	4.72	3.85	4.23	4.65	4.68	4.76
Accounts Payable Turnover	2.80	3.04	3.52	3.83	3.72	3.12	2.02	2.55	2.97	2.77	3.05
Days Sales Outstanding (DSO)	48.36	48.89	47.10	51.84	53.48	55.86	70.29	54.27	43.12	42.49	48.68
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	130.51	120.12	103.74	95.32	98.09	116.94	180.33	143.10	122.81	131.92	119.61
Cash Conversion Cycle (CCC)	-82.15	-71.23	-56.64	-43.48	-44.60	-61.08	-110.05	-88.83	-79.69	-89.43	-70.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,605	4,408	3,581	4,792	4,654	5,159	5,693	2,948	2,760	2,886	2,875
Invested Capital Turnover	0.88	0.59	0.50	0.51	0.51	0.53	0.42	0.57	0.88	0.95	1.00
Increase / (Decrease) in Invested Capital	-49	2,804	-828	1,211	-138	505	534	-2,746	-188	126	-11
Enterprise Value (EV)	11,587	15,573	15,364	18,123	19,905	26,747	36,001	39,494	30,898	37,002	41,668
Market Capitalization	10,193	12,569	13,116	15,257	17,321	23,780	33,006	36,266	27,256	34,426	38,894
Book Value per Share	$1.28	$8.10	$7.96	$11.69	$12.58	$13.80	$16.60	$17.48	$11.19	$2.14	$0.71
Tangible Book Value per Share	($8.50)	($15.50)	($13.48)	($16.93)	($15.30)	($18.32)	($17.19)	$1.78	($2.76)	($13.26)	($14.30)
Total Capital	1,648	4,518	3,719	4,934	4,794	5,412	5,912	6,157	5,504	3,189	3,166
Total Debt	1,437	3,146	2,387	3,009	2,723	3,151	3,214	3,314	3,736	2,867	3,061
Total Long-Term Debt	1,101	2,271	2,280	2,284	2,051	2,652	2,700	2,343	2,343	2,852	2,547
Net Debt	1,394	3,004	2,249	2,867	2,584	2,966	2,995	3,202	3,624	2,564	2,770
Capital Expenditures (CapEx)	147	166	157	184	231	217	224	268	-799	-2,836	218
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-94	-142	-152	-158	-147	-432	-341	-81	-114	-250	-104
Debt-free Net Working Capital (DFNWC)	-51	0.10	-14	-16	-7.30	-248	-122	31	-1.20	53	187
Net Working Capital (NWC)	-387	-875	-121	-740	-680	-747	-637	-941	-1,394	39	-327
Net Nonoperating Expense (NNE)	-2.07	-6.35	-61	89	95	102	51	37	207	232	13
Net Nonoperating Obligations (NNO)	1,394	3,036	2,249	2,867	2,584	2,898	2,995	105	992	2,564	2,770
Total Depreciation and Amortization (D&A)	146	228	230	242	300	328	360	385	341	283	309
Debt-free, Cash-free Net Working Capital to Revenue	-6.56%	-8.05%	-7.64%	-7.36%	-6.13%	-16.57%	-15.03%	-3.30%	-4.55%	-9.30%	-3.62%
Debt-free Net Working Capital to Revenue	-3.54%	0.01%	-0.70%	-0.73%	-0.30%	-9.49%	-5.39%	1.25%	-0.05%	1.98%	6.49%
Net Working Capital to Revenue	-27.03%	-49.68%	-6.05%	-34.50%	-28.40%	-28.65%	-28.05%	-38.20%	-55.83%	1.44%	-11.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.41	$3.07	$3.51	$3.36	$3.63	$2.75	$4.38	$4.12	$6.04	$4.19	$6.74
Adjusted Weighted Average Basic Shares Outstanding	165.82M	165.09M	168.25M	165.17M	164.81M	163.54M	162.61M	161.84M	157.91M	146.62M	142.15M
Adjusted Diluted Earnings per Share	$2.37	$3.01	$3.45	$3.29	$3.56	$2.70	$4.31	$4.08	$6.00	$4.17	$6.71
Adjusted Weighted Average Diluted Shares Outstanding	169.13M	168.45M	171.17M	168.69M	168.30M	166.56M	165.32M	163.34M	158.93M	147.34M	142.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	158.11M	168.03M	166.34M	165.02M	163.51M	163.08M	162.79M	161.28M	154.70M	143.39M	140.28M
Normalized Net Operating Profit after Tax (NOPAT)	398	501	530	644	694	552	764	704	1,161	847	970
Normalized NOPAT Margin	27.81%	28.47%	26.57%	30.00%	28.97%	21.16%	33.66%	28.57%	46.50%	31.57%	33.67%
Pre Tax Income Margin	39.31%	38.85%	32.76%	32.21%	30.05%	21.80%	36.06%	31.94%	50.56%	38.31%	42.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.03	5.79	6.40	6.71	6.55	5.48	6.92	7.19	10.10	9.89	11.15
NOPAT to Interest Expense	5.68	4.13	4.42	5.39	5.35	4.35	5.52	5.54	8.36	7.33	8.02
EBIT Less CapEx to Interest Expense	6.94	4.43	5.09	5.17	4.77	3.77	5.30	5.08	15.85	34.45	9.36
NOPAT Less CapEx to Interest Expense	3.59	2.76	3.11	3.85	3.57	2.64	3.91	3.43	14.12	31.89	6.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	36.34%	24.67%	28.25%	20.45%	32.03%	23.11%
Augmented Payout Ratio	194.63%	4.02%	55.28%	49.77%	73.26%	103.02%	73.61%	99.53%	194.67%	481.62%	128.07%

This table displays calculated financial ratios and metrics derived from Verisk Analytics' official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	174.25%	1.24%	10.15%	11.06%	7.41%	8.04%	6.19%	7.04%	8.62%	6.96%	7.78%
EBITDA Growth	72.28%	-50.32%	8.58%	1.67%	2.50%	7.03%	35.83%	13.68%	8.11%	7.87%	10.23%
EBIT Growth	165.97%	-52.81%	21.52%	10.32%	-3.49%	3.79%	39.59%	13.72%	14.33%	7.38%	11.17%
NOPAT Growth	121.62%	-58.31%	16.48%	9.68%	-26.08%	14.28%	7.08%	13.86%	24.35%	5.57%	9.65%
Net Income Growth	-56.84%	-88.85%	-0.51%	-1.11%	183.99%	289.01%	56.40%	17.40%	21.00%	5.88%	-17.71%
EPS Growth	-50.57%	-88.18%	8.87%	7.50%	169.77%	310.81%	59.26%	19.38%	29.31%	8.55%	-15.81%
Operating Cash Flow Growth	32.03%	-8.58%	48.16%	-10.74%	1.37%	1.89%	14.15%	18.43%	1.19%	19.48%	11.04%
Free Cash Flow Firm Growth	-84.55%	351.96%	543.11%	322.55%	-85.98%	-95.87%	-92.03%	-92.99%	295.87%	153.04%	-3.55%
Invested Capital Growth	-6.36%	-50.31%	-47.05%	-44.65%	4.57%	4.61%	1.05%	2.27%	-0.39%	-1.70%	2.15%
Revenue Q/Q Growth	3.34%	3.35%	3.59%	0.39%	-0.06%	3.96%	1.82%	1.19%	1.42%	2.37%	2.60%
EBITDA Q/Q Growth	2.11%	1.92%	2.87%	-5.03%	2.94%	6.44%	30.55%	-20.52%	-2.10%	7.12%	5.68%
EBIT Q/Q Growth	10.91%	4.42%	2.32%	-6.90%	-2.97%	12.30%	37.62%	-24.16%	-2.46%	6.62%	7.33%
NOPAT Q/Q Growth	32.33%	-15.75%	8.69%	-9.49%	-10.81%	30.25%	1.85%	-3.77%	-2.59%	10.57%	5.79%
Net Income Q/Q Growth	-67.70%	-7.84%	248.94%	-4.78%	-7.26%	26.24%	40.29%	-28.53%	-4.41%	10.46%	9.04%
EPS Q/Q Growth	-64.17%	-13.95%	264.86%	-4.44%	-10.08%	31.03%	41.45%	-28.37%	-2.60%	10.00%	9.70%
Operating Cash Flow Q/Q Growth	-11.13%	46.71%	-47.19%	29.65%	0.92%	47.46%	-40.84%	34.51%	-13.77%	74.12%	-45.02%
Free Cash Flow Firm Q/Q Growth	-25.48%	564.22%	-6.03%	-9.16%	-97.53%	95.57%	81.40%	-20.07%	39.60%	25.01%	-30.86%
Invested Capital Q/Q Growth	-46.31%	-2.60%	5.74%	0.09%	1.44%	-2.57%	2.14%	1.30%	-1.20%	-3.85%	6.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	67.45%	66.82%	67.87%	67.95%	66.60%	67.64%	69.39%	69.20%	68.67%	69.35%	70.30%
EBITDA Margin	55.31%	54.54%	54.16%	51.24%	52.78%	54.03%	69.28%	54.42%	52.53%	54.97%	56.61%
Operating Margin	44.81%	45.14%	45.33%	41.48%	36.99%	43.66%	44.46%	42.95%	43.00%	43.84%	45.86%
EBIT Margin	44.50%	44.97%	44.41%	41.19%	39.99%	43.20%	58.38%	43.76%	42.09%	43.84%	45.86%
Profit (Net Income) Margin	9.71%	8.66%	29.16%	27.66%	25.66%	31.16%	42.94%	30.33%	28.59%	30.85%	32.79%
Tax Burden Percent	25.56%	21.16%	73.38%	75.05%	71.61%	79.72%	78.32%	77.11%	76.44%	78.37%	77.25%
Interest Burden Percent	85.32%	90.99%	89.46%	89.47%	89.62%	90.50%	93.91%	89.89%	88.86%	89.79%	92.55%
Effective Tax Rate	9.90%	27.08%	23.83%	24.95%	24.89%	20.28%	21.68%	22.89%	26.03%	21.63%	22.75%
Return on Invested Capital (ROIC)	35.32%	20.36%	21.59%	20.54%	26.39%	34.60%	33.82%	32.49%	31.82%	36.11%	36.44%
ROIC Less NNEP Spread (ROIC-NNEP)	0.09%	14.44%	20.28%	19.70%	25.58%	33.60%	36.16%	31.70%	30.93%	35.09%	35.63%
Return on Net Nonoperating Assets (RNNOA)	0.02%	28.01%	41.96%	45.82%	43.53%	469.48%	242.72%	228.92%	386.22%	440.32%	241.02%
Return on Equity (ROE)	35.34%	48.37%	63.55%	66.36%	69.92%	504.08%	276.54%	261.41%	418.04%	476.44%	277.46%
Cash Return on Invested Capital (CROIC)	47.26%	88.45%	83.27%	80.31%	25.52%	27.39%	30.27%	29.84%	34.08%	37.02%	32.56%
Operating Return on Assets (OROA)	15.05%	18.24%	19.29%	19.14%	18.93%	27.18%	35.68%	27.68%	28.11%	26.71%	28.64%
Return on Assets (ROA)	3.28%	3.51%	12.66%	12.85%	12.15%	19.61%	26.24%	19.19%	19.09%	18.80%	20.48%
Return on Common Equity (ROCE)	35.00%	47.87%	62.84%	65.60%	68.90%	481.03%	270.27%	255.51%	401.30%	469.03%	275.27%
Return on Equity Simple (ROE_SIMPLE)	0.00%	738.16%	171.39%	130.51%	0.00%	275.48%	206.46%	307.41%	0.00%	788.94%	0.00%
Net Operating Profit after Tax (NOPAT)	255	214	233	211	188	245	250	240	234	259	274
NOPAT Margin	40.37%	32.91%	34.53%	31.13%	27.78%	34.81%	34.82%	33.12%	31.81%	34.36%	35.43%
Net Nonoperating Expense Percent (NNEP)	35.24%	5.92%	1.31%	0.84%	0.81%	1.00%	-2.34%	0.80%	0.89%	1.02%	0.81%
Return On Investment Capital (ROIC_SIMPLE)	4.62%	-	-	-	5.90%	-	-	-	7.39%	6.67%	7.68%
Cost of Revenue to Revenue	32.55%	33.18%	32.13%	32.05%	33.40%	32.36%	30.61%	30.80%	31.34%	30.65%	29.70%
SG&A Expenses to Revenue	12.82%	12.12%	12.86%	16.47%	16.89%	13.20%	14.16%	15.72%	13.64%	14.46%	13.78%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.65%	21.69%	22.53%	26.46%	29.61%	23.98%	24.93%	26.25%	25.67%	25.51%	24.44%
Earnings before Interest and Taxes (EBIT)	281	293	300	279	271	304	419	317	310	330	354
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	349	355	366	347	357	380	497	395	386	414	437
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	15.58	430.69	110.66	88.58	111.05	120.93	89.38	127.38	388.55	339.42	139.79
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	10.92	11.76	12.67	12.93	12.84	12.48	13.86	13.52	13.50	14.25	14.59
Price to Earnings (P/E)	28.57	58.39	64.59	67.88	56.01	43.87	43.26	41.40	40.59	43.00	47.56
Dividend Yield	0.71%	0.67%	0.58%	0.57%	0.57%	0.60%	0.54%	0.56%	0.57%	0.54%	0.54%
Earnings Yield	3.50%	1.71%	1.55%	1.47%	1.79%	2.28%	2.31%	2.42%	2.46%	2.33%	2.10%
Enterprise Value to Invested Capital (EV/IC)	11.20	11.93	12.34	12.84	12.82	13.04	14.24	14.01	14.49	16.06	15.74
Enterprise Value to Revenue (EV/Rev)	12.37	12.81	13.67	13.86	13.80	13.41	14.74	14.44	14.46	15.15	15.47
Enterprise Value to EBITDA (EV/EBITDA)	17.73	23.21	24.86	25.77	25.96	25.27	25.86	25.03	25.13	27.87	28.29
Enterprise Value to EBIT (EV/EBIT)	22.05	29.89	31.15	31.69	32.38	31.77	32.14	31.11	30.87	34.77	35.21
Enterprise Value to NOPAT (EV/NOPAT)	26.61	37.30	39.29	40.07	43.71	41.80	45.72	44.17	42.94	45.10	45.88
Enterprise Value to Operating Cash Flow (EV/OCF)	29.18	31.31	32.26	34.54	34.88	34.34	37.36	35.74	36.42	36.49	37.23
Enterprise Value to Free Cash Flow (EV/FCFF)	22.91	8.96	10.26	11.39	51.37	48.67	47.29	47.48	42.45	43.01	48.87
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.11	35.68	9.31	7.25	8.90	10.00	7.05	10.05	29.15	30.31	10.40
Long-Term Debt to Equity	1.33	35.65	9.29	7.22	8.85	9.94	5.86	8.36	24.26	26.13	10.34
Financial Leverage	0.24	1.94	2.07	2.33	1.70	13.97	6.71	7.22	12.49	12.55	6.76
Leverage Ratio	3.20	4.48	4.42	4.72	5.42	23.65	12.26	12.75	20.20	23.37	12.79
Compound Leverage Factor	2.73	4.08	3.95	4.22	4.86	21.40	11.51	11.46	17.95	20.99	11.83
Debt to Total Capital	67.88%	97.27%	90.30%	87.88%	89.90%	90.91%	87.58%	90.95%	96.68%	96.81%	91.23%
Short-Term Debt to Total Capital	25.31%	0.09%	0.11%	0.38%	0.45%	0.52%	14.75%	15.33%	16.24%	13.36%	0.48%
Long-Term Debt to Total Capital	42.57%	97.19%	90.19%	87.50%	89.44%	90.39%	72.83%	75.63%	80.44%	83.44%	90.75%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.33%	0.38%	0.37%	0.33%	0.38%	0.18%	0.14%	0.15%	0.15%	0.02%	0.03%
Common Equity to Total Capital	31.78%	2.34%	9.33%	11.79%	9.72%	8.92%	12.28%	8.90%	3.16%	3.17%	8.75%
Debt to EBITDA	2.14	2.05	2.02	2.02	2.01	1.98	1.94	1.88	1.85	2.36	1.99
Net Debt to EBITDA	2.08	1.89	1.80	1.73	1.80	1.74	1.54	1.60	1.67	1.66	1.61
Long-Term Debt to EBITDA	1.34	2.05	2.01	2.01	2.00	1.97	1.61	1.56	1.54	2.03	1.98
Debt to NOPAT	3.22	3.30	3.19	3.15	3.39	3.28	3.43	3.32	3.15	3.81	3.23
Net Debt to NOPAT	3.12	3.03	2.84	2.69	3.03	2.88	2.72	2.82	2.85	2.68	2.60
Long-Term Debt to NOPAT	2.02	3.30	3.18	3.13	3.37	3.26	2.85	2.76	2.62	3.29	3.21
Altman Z-Score	4.61	7.11	7.70	8.02	7.99	7.76	8.19	8.31	8.78	7.89	9.01
Noncontrolling Interest Sharing Ratio	0.96%	1.03%	1.12%	1.15%	1.46%	4.57%	2.27%	2.26%	4.00%	1.55%	0.79%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.40	0.89	1.07	1.18	1.05	1.09	0.95	0.82	0.74	1.27	1.53
Quick Ratio	0.17	0.75	0.86	0.98	0.83	0.90	0.81	0.68	0.59	1.20	1.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	442	2,936	2,759	2,506	62	121	220	176	245	307	212
Operating Cash Flow to CapEx	312.42%	0.00%	331.44%	460.59%	448.31%	674.28%	380.97%	533.69%	521.22%	828.12%	438.17%
Free Cash Flow to Firm to Interest Expense	10.73	111.21	87.31	85.25	2.20	4.19	8.62	5.47	7.11	8.45	5.97
Operating Cash Flow to Interest Expense	6.04	13.84	6.10	8.51	8.98	12.88	8.64	9.23	7.40	12.25	6.89
Operating Cash Flow Less CapEx to Interest Expense	4.11	127.67	4.26	6.66	6.98	10.97	6.37	7.50	5.98	10.77	5.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.34	0.41	0.43	0.46	0.47	0.63	0.61	0.63	0.67	0.61	0.62
Accounts Receivable Turnover	8.46	5.21	5.90	6.49	8.59	5.94	6.45	7.06	7.50	5.58	5.47
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	4.65	4.19	4.18	4.17	4.68	4.66	4.60	4.58	4.76	4.85	4.91
Accounts Payable Turnover	2.97	3.19	2.98	2.79	2.77	3.57	3.37	3.07	3.05	4.04	4.35
Days Sales Outstanding (DSO)	43.12	70.06	61.86	56.23	42.49	61.41	56.57	51.68	48.68	65.45	66.68
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	122.81	114.30	122.59	130.79	131.92	102.36	108.32	118.70	119.61	90.31	83.94
Cash Conversion Cycle (CCC)	-79.69	-44.24	-60.73	-74.56	-89.43	-40.95	-51.75	-67.02	-70.94	-24.86	-17.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,760	2,688	2,843	2,845	2,886	2,812	2,872	2,910	2,875	2,764	2,934
Invested Capital Turnover	0.88	0.62	0.63	0.66	0.95	0.99	0.97	0.98	1.00	1.05	1.03
Increase / (Decrease) in Invested Capital	-188	-2,722	-2,526	-2,295	126	124	30	65	-11	-48	62
Enterprise Value (EV)	30,898	32,079	35,083	36,518	37,002	36,657	40,900	40,774	41,668	44,390	46,196
Market Capitalization	27,256	29,459	32,535	34,057	34,426	34,127	38,458	38,164	38,894	41,749	43,574
Book Value per Share	$11.19	$0.44	$2.03	$2.65	$2.14	$1.97	$3.02	$2.10	$0.71	$0.88	$2.23
Tangible Book Value per Share	($2.76)	($13.85)	($13.60)	($12.61)	($13.26)	($13.47)	($12.34)	($13.45)	($14.30)	($14.31)	($13.48)
Total Capital	5,504	2,920	3,151	3,262	3,189	3,165	3,505	3,368	3,166	3,876	3,563
Total Debt	3,736	2,841	2,846	2,867	2,867	2,877	3,069	3,063	3,061	3,753	3,250
Total Long-Term Debt	2,343	2,838	2,842	2,854	2,852	2,860	2,552	2,547	2,547	3,235	3,233
Net Debt	3,624	2,609	2,537	2,450	2,564	2,524	2,437	2,605	2,770	2,640	2,622
Capital Expenditures (CapEx)	80	-3,005	58	54	56	55	58	56	49	54	56
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-114	-329	-251	-260	-250	-249	-179	-184	-104	-220	-134
Debt-free Net Working Capital (DFNWC)	-1.20	-97	57	157	53	104	453	274	187	892	495
Net Working Capital (NWC)	-1,394	-99	54	144	39	87	-64	-243	-327	374	478
Net Nonoperating Expense (NNE)	193	158	36	24	14	26	-58	20	24	26	20
Net Nonoperating Obligations (NNO)	992	2,609	2,537	2,450	2,564	2,524	2,437	2,605	2,770	2,640	2,622
Total Depreciation and Amortization (D&A)	68	62	66	68	87	76	78	77	77	84	83
Debt-free, Cash-free Net Working Capital to Revenue	-4.55%	-13.12%	-9.79%	-9.88%	-9.30%	-9.10%	-6.46%	-6.53%	-3.62%	-7.51%	-4.48%
Debt-free Net Working Capital to Revenue	-0.05%	-3.86%	2.24%	5.94%	1.98%	3.79%	16.31%	9.69%	6.49%	30.44%	16.57%
Net Working Capital to Revenue	-55.83%	-3.96%	2.10%	5.47%	1.44%	3.19%	-2.31%	-8.59%	-11.36%	12.76%	16.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.43	$0.37	$1.36	$1.29	$1.17	$1.53	$2.16	$1.55	$1.50	$1.66	$1.81
Adjusted Weighted Average Basic Shares Outstanding	157.91M	152.03M	144.83M	145.01M	146.62M	143.30M	142.71M	141.78M	142.15M	140.29M	139.82M
Adjusted Diluted Earnings per Share	$0.43	$0.37	$1.35	$1.29	$1.16	$1.52	$2.15	$1.54	$1.50	$1.65	$1.81
Adjusted Weighted Average Diluted Shares Outstanding	158.93M	152.71M	145.50M	145.74M	147.34M	143.97M	143.29M	142.51M	142.84M	140.94M	140.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	154.70M	144.79M	145.03M	144.99M	143.39M	142.68M	142.42M	141.21M	140.28M	139.88M	139.71M
Normalized Net Operating Profit after Tax (NOPAT)	255	214	233	211	188	245	250	240	234	259	274
Normalized NOPAT Margin	40.37%	32.91%	34.53%	31.13%	27.78%	34.81%	34.82%	33.12%	31.81%	34.36%	35.43%
Pre Tax Income Margin	37.97%	40.91%	39.73%	36.85%	35.84%	39.09%	54.83%	39.34%	37.40%	39.36%	42.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.81	11.10	9.49	9.49	9.64	10.52	16.41	9.89	8.97	9.09	9.98
NOPAT to Interest Expense	6.18	8.12	7.38	7.18	6.70	8.48	9.79	7.48	6.78	7.13	7.71
EBIT Less CapEx to Interest Expense	4.88	124.93	7.65	7.65	7.63	8.61	14.15	8.16	7.55	7.61	8.41
NOPAT Less CapEx to Interest Expense	4.24	121.96	5.53	5.33	4.69	6.57	7.52	5.75	5.36	5.65	6.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.45%	38.62%	38.76%	39.04%	32.03%	26.16%	23.57%	23.40%	23.11%	23.55%	25.77%
Augmented Payout Ratio	194.67%	650.86%	587.72%	540.43%	481.62%	146.09%	146.24%	175.68%	128.07%	127.12%	132.50%

Key Financial Trends

Verisk Analytics (NASDAQ: VRSK) continues to demonstrate solid financial performance and steady growth over the last several years based on the financial statements from Q1 2023 through Q2 2025. Here are some key observations and trends from the income statements, cash flow statements, and balance sheets:

Revenue Growth: Operating revenue has steadily increased from $651.6 million in Q1 2023 to $772.6 million in Q2 2025, reflecting consistent top-line growth.
Gross Profit Expansion: Gross profit rose from $435.4 million in Q1 2023 up to $543.1 million in Q2 2025, indicating effective cost management relative to revenue.
Net Income Improvement: Consolidated net income has grown from $56.4 million in Q1 2023 to $253.3 million in Q2 2025, with EPS increasing from $0.37 to $1.81 diluted, signaling enhanced profitability and operational efficiency.
Strong Operating Cash Flow: Net cash from operating activities remains robust, reaching $244.5 million in Q2 2025, supporting business operations and capital expenditures.
Capital Investment Continuity: Purchase of property, plant & equipment continues at a steady rate (~$55 million per quarter recently), indicating ongoing investment in infrastructure to support growth.
Goodwill and Intangible Assets Stability: Goodwill and intangibles remain relatively stable around $1.8 billion and $390 million respectively in 2025, reflecting controlled acquisition spending and asset valuation.
Debt Level and Financing Activities: Long-term debt is substantial, increasing from about $2.3 billion in early 2023 to $3.2 billion by mid-2025. The company is actively managing debt through repayments (e.g., $503.7 million in Q2 2025) alongside new issuances, which may reflect refinancing or growth financing strategies.
Share Repurchases and Dividends: Common equity repurchases are significant (e.g., $130 million repurchased in Q2 2025), paired with steady dividend payments ($63 million in Q2 2025), showing shareholder return focus but also capital consumption.
Improved Liquidity Position: Cash & equivalents increased from $231.9 million in Q1 2023 to $628.7 million in Q2 2025, providing solid liquidity and flexibility for operations and investments.
Increase in Total Liabilities: Total liabilities grew from approximately $4 billion in early 2023 to about $4.48 billion in mid-2025, primarily due to rising long-term debt, which might increase financial risk if not managed prudently.

Summary: Verisk Analytics is showing strong revenue and earnings growth with effective profitability improvements and stable investments. The company's cash generation supports these investments while returning capital to shareholders via buybacks and dividends. However, debt levels have increased notably, potentially elevating financial risk, though ongoing repayments suggest active debt management. Overall, the financials indicate a healthy, growing enterprise with cautious capital and debt management practices in place.

08/25/25 05:52 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Verisk Analytics' Financials

When does Verisk Analytics' fiscal year end?

According to the most recent income statement we have on file, Verisk Analytics' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Verisk Analytics' net income changed over the last 10 years?

Verisk Analytics' net income appears to be on an upward trend, with a most recent value of $957.50 million in 2024, rising from $400 million in 2014. The previous period was $614.40 million in 2023. View Verisk Analytics' forecast to see where analysts expect Verisk Analytics to go next.

What is Verisk Analytics' operating income?

Verisk Analytics' total operating income in 2024 was $1.25 billion, based on the following breakdown:

Total Gross Profit: $1.98 billion
Total Operating Expenses: $726.70 million

How has Verisk Analytics' revenue changed over the last 10 years?

Over the last 10 years, Verisk Analytics' total revenue changed from $1.43 billion in 2014 to $2.88 billion in 2024, a change of 101.4%.

How much debt does Verisk Analytics have?

Verisk Analytics' total liabilities were at $4.16 billion at the end of 2024, a 2.9% increase from 2023, and a 94.9% increase since 2014.

How much cash does Verisk Analytics have?

In the past 10 years, Verisk Analytics' cash and equivalents has ranged from $39.36 million in 2014 to $302.70 million in 2023, and is currently $291.20 million as of their latest financial filing in 2024.

How has Verisk Analytics' book value per share changed over the last 10 years?

Over the last 10 years, Verisk Analytics' book value per share changed from 1.28 in 2014 to 0.71 in 2024, a change of -44.6%.

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This page (NASDAQ:VRSK) was last updated on 8/25/2025 by MarketBeat.com Staff

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