Verisk Analytics (VRSK) Financials

$171.87 -2.82 (-1.61%)

Closing price 04:00 PM Eastern

Extended Trading

$171.85 -0.02 (-0.01%)

As of 06:19 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	508	591	555	599	450	713	666	954	615	958	908
Consolidated Net Income / (Loss)	508	591	555	599	450	713	666	954	614	958	908
Net Income / (Loss) Continuing Operations	488	452	555	599	450	654	607	1,042	768	951	908
Total Pre-Tax Income	684	654	691	720	568	818	787	1,262	1,027	1,229	1,171
Total Operating Income	703	768	801	834	697	956	911	1,407	1,132	1,254	1,344
Total Gross Profit	1,149	1,281	1,361	1,509	1,630	1,478	1,609	1,672	1,805	1,981	2,147
Total Revenue	1,761	1,995	2,145	2,395	2,607	2,269	2,463	2,497	2,681	2,882	3,073
Operating Revenue	1,761	1,995	2,145	2,395	2,607	2,269	2,463	2,497	2,681	2,882	3,073
Total Cost of Revenue	612	714	784	886	977	792	854	825	877	901	926
Operating Cost of Revenue	612	714	784	886	977	792	854	825	877	901	926
Total Operating Expenses	445	513	560	675	933	521	697	266	673	727	803
Selling, General & Admin Expense	278	302	323	379	604	308	313	382	392	409	458
Depreciation Expense	97	119	136	165	186	159	170	164	207	234	259
Amortization Expense	70	93	102	131	138	73	80	74	75	72	68
Impairment Charge	-	-	-	-	-	-	-	-	0.00	12	18
Total Other Income / (Expense), net	-19	-114	-110	-114	-129	-138	-125	-144	-105	-25	-173
Interest Expense	121	120	119	130	127	138	127	139	116	121	186
Other Income / (Expense), net	-	-	0.00	15	-1.70	0.40	2.10	-5.30	11	96	13
Income Tax Expense	197	202	136	121	119	165	179	220	259	278	263
Net Income / (Loss) Discontinued Operations	20	140	-	-	-	59	59	-88	-154	6.80	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	0.00	0.00	0.10	0.40	-0.20	-0.70	0.00
Basic Earnings per Share	$3.07	$3.51	$3.36	$3.63	$2.75	$4.38	$4.12	$6.04	$4.19	$6.74	$6.50
Weighted Average Basic Shares Outstanding	165.09M	168.25M	165.17M	164.81M	163.54M	162.61M	161.84M	157.91M	146.62M	142.15M	139.67M
Diluted Earnings per Share	$3.01	$3.45	$3.29	$3.56	$2.70	$4.31	$4.08	$6.00	$4.17	$6.71	$6.48
Weighted Average Diluted Shares Outstanding	168.45M	171.17M	168.69M	168.30M	166.56M	165.32M	163.34M	158.93M	147.34M	142.84M	140.08M
Weighted Average Basic & Diluted Shares Outstanding	165.30M	168.40M	165.20M	164.90M	163.08M	162.79M	161.28M	154.70M	143.39M	140.28M	137.94M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	-	$1.56	$1.80

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	187	174	220	308	220	210	232	253	226	197	234
Consolidated Net Income / (Loss)	187	174	219	308	220	210	232	253	226	197	234
Net Income / (Loss) Continuing Operations	187	182	219	308	220	204	232	253	226	197	234
Total Pre-Tax Income	250	243	275	393	285	275	296	328	302	245	309
Total Operating Income	281	251	307	319	312	316	330	354	346	314	352
Total Gross Profit	460	451	476	497	502	505	522	543	539	543	546
Total Revenue	678	677	704	717	725	736	753	773	768	779	783
Operating Revenue	678	677	704	717	725	736	753	773	768	779	783
Total Cost of Revenue	217	226	228	219	223	231	231	230	230	236	237
Operating Cost of Revenue	217	226	228	219	223	231	231	230	230	236	237
Total Operating Expenses	179	201	169	179	190	189	192	189	193	230	194
Selling, General & Admin Expense	112	114	93	102	114	100	109	107	111	132	110
Depreciation Expense	48	68	57	59	58	59	67	66	64	62	70
Amortization Expense	20	19	19	18	18	17	16	16	18	17	14
Total Other Income / (Expense), net	-31	-7.80	-32	74	-26	-41	-34	-26	-44	-69	-44
Interest Expense	29	28	29	26	32	35	36	36	42	72	43
Interest & Investment Income	-	-	-3.30	100	5.90	-	2.60	9.10	-1.60	-	-0.50
Income Tax Expense	62	60	56	85	65	72	64	75	77	48	74
Basic Earnings per Share	$1.29	$1.17	$1.53	$2.16	$1.55	$1.50	$1.66	$1.81	$1.62	$1.41	$1.73
Weighted Average Basic Shares Outstanding	145.01M	146.62M	143.30M	142.71M	141.78M	142.15M	140.29M	139.82M	139.51M	139.67M	135.02M
Diluted Earnings per Share	$1.29	$1.16	$1.52	$2.15	$1.54	$1.50	$1.65	$1.81	$1.61	$1.41	$1.73
Weighted Average Diluted Shares Outstanding	145.74M	147.34M	143.97M	143.29M	142.51M	142.84M	140.94M	140.34M	139.94M	140.08M	135.22M
Weighted Average Basic & Diluted Shares Outstanding	144.99M	143.39M	142.68M	142.42M	141.21M	140.28M	139.88M	139.71M	139.37M	137.94M	131.02M
Cash Dividends to Common per Share	-	-	-	$0.39	-	-	$0.45	-	-	-	$0.50

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Change in Cash & Equivalents	99	-3.20	7.20	-5.60	45	34	62	12	10	-12	1,887
Net Cash From Operating Activities	664	578	744	934	956	1,068	1,156	1,059	1,061	1,144	1,436
Net Cash From Continuing Operating Activities	664	578	744	934	956	1,068	1,156	1,059	1,061	1,144	1,436
Net Income / (Loss) Continuing Operations	508	591	555	599	450	713	666	954	614	958	908
Consolidated Net Income / (Loss)	508	591	555	599	450	713	666	954	614	958	908
Depreciation Expense	121	126	136	165	186	192	207	197	207	234	259
Amortization Expense	108	103	106	135	142	168	178	144	76	75	91
Non-Cash Adjustments To Reconcile Net Income	-54	-219	34	32	57	42	208	95	231	12	120
Changes in Operating Assets and Liabilities, net	-18	-24	-87	3.20	122	-46	-103	-331	-68	-134	58
Net Cash From Investing Activities	-3,006	493	-1,106	-265	-928	-596	-592	301	2,747	-125	-358
Net Cash From Continuing Investing Activities	-3,006	493	-1,106	-265	-928	-596	-592	301	2,747	-125	-358
Purchase of Property, Plant & Equipment	-166	-157	-184	-231	-217	-247	-268	-275	-230	-224	-244
Acquisitions	-2,942	-74	-915	-153	-704	-285	-300	-451	-87	-20	-188
Purchase of Investments	-0.20	-0.30	-	0.00	0.00	-95	-24	-46	-2.20	-1.00	-6.50
Sale of Property, Plant & Equipment	-	-	-	0.00	0.00	23	0.00	1,073	3,066	6.40	80
Sale and/or Maturity of Investments	86	0.50	-	121	-	-	-	0.00	0.00	113	0.00
Other Investing Activities, net	16	9.00	-7.10	-2.70	-7.40	7.80	0.20	0.00	-0.60	0.00	0.00
Net Cash From Financing Activities	2,441	-1,064	363	-670	11	-445	-499	-1,330	-3,787	-1,029	795
Net Cash From Continuing Financing Activities	2,441	-1,064	363	-670	11	-445	-499	-1,330	-3,787	-1,029	795
Repayment of Debt	-370	-775	-8.30	-315	-192	-40	92	16	-1,412	-424	949
Repurchase of Preferred Equity	-	-	-	-	-	-	0.00	0.00	-38	-45	0.00
Repurchase of Common Equity	-20	-327	-276	-439	-300	-349	-475	-1,663	-2,762	-1,005	-624
Payment of Dividends	-	-	0.00	0.00	-164	-176	-188	-195	-197	-221	-251
Issuance of Debt	2,074	0.00	615	0.00	620	70	0.00	400	495	590	698
Other Financing Activities, net	36	38	32	84	47	50	73	112	127	76	23
Effect of Exchange Rate Changes	0.60	-9.70	6.70	-2.00	6.10	-	-3.30	-18	-11	-2.20	14
Cash Interest Paid	106	117	114	125	120	134	129	134	111	132	150
Cash Income Taxes Paid	159	289	186	103	140	0.00	175	325	276	288	218

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	108	-114	50	280	-174	-167	821	-483	1,479	70	-1,654
Net Cash From Operating Activities	250	252	372	220	296	255	445	245	404	343	390
Net Cash From Continuing Operating Activities	250	252	372	220	296	255	445	241	404	343	390
Net Income / (Loss) Continuing Operations	187	174	219	308	220	210	232	253	226	197	234
Consolidated Net Income / (Loss)	187	174	219	308	220	210	232	253	226	197	234
Depreciation Expense	48	68	57	59	58	59	67	66	64	62	70
Amortization Expense	20	19	19	19	19	18	16	17	19	38	15
Non-Cash Adjustments To Reconcile Net Income	27	10	24	-79	31	0.30	27	15	24	54	17
Changes in Operating Assets and Liabilities, net	-32	-18	52	-87	-32	-32	102	-110	71	-7.80	55
Net Cash From Investing Activities	-55	-57	-80	56	-53	-48	-58	-81	-235	15	-64
Net Cash From Continuing Investing Activities	-55	-57	-80	56	-53	-48	-58	-81	-235	15	-64
Purchase of Property, Plant & Equipment	-54	-56	-55	-58	-56	-55	-54	-56	-67	-67	-64
Acquisitions	-	-	-23	-	3.80	-	-4.10	-20	-163	-	0.50
Purchase of Investments	-0.90	-0.50	-1.30	1.80	-0.90	113	0.00	-4.50	-4.00	2.00	-0.90
Net Cash From Financing Activities	-90	-295	-243	5.60	-421	-370	433	-659	1,305	-284	-1,978
Net Cash From Continuing Financing Activities	-90	-295	-243	5.60	-421	-370	433	-659	1,305	-284	-1,978
Repayment of Debt	-9.70	-2.50	-2.80	-405	-13	-2.70	-8.70	-504	1,465	-3.00	-2,531
Repurchase of Common Equity	-50	-713	-170	-158	-363	-315	-170	-130	-100	-224	-1,402
Payment of Dividends	-49	-49	-56	-56	-55	-55	-63	-63	-63	-63	-66
Issuance of Debt	-	-	0.00	590	-	-	698	-	-	-	2,249
Other Financing Activities, net	19	6.30	16	26	47	-13	6.80	7.70	3.20	4.90	-229
Effect of Exchange Rate Changes	2.90	-14	-0.10	-2.20	3.60	-3.50	0.70	12	4.90	-3.40	-1.80
Cash Interest Paid	8.50	50	9.10	46	7.90	69	10	50	25	66	60
Cash Income Taxes Paid	66	65	6.10	135	77	69	-67	165	52	69	6.10

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	5,594	4,631	6,020	5,900	7,055	7,562	7,808	6,961	4,366	4,265	6,196
Total Current Assets	605	501	598	645	745	794	907	925	810	912	2,765
Cash & Equivalents	138	135	142	140	185	219	112	113	303	291	2,178
Accounts Receivable	251	264	346	356	442	432	300	290	334	434	422
Prepaid Expenses	34	29	38	64	61	81	88	84	85	73	86
Current Deferred & Refundable Income Taxes	49	49	29	34	26	25	41	44	24	83	49
Other Current Assets	53	20	43	51	18	36	31	32	65	30	30
Plant, Property, & Equipment, net	350	380	478	556	548	632	531	542	605	606	583
Total Noncurrent Assets	4,639	3,750	4,944	4,700	5,762	6,135	6,369	5,495	2,951	2,747	2,847
Goodwill	2,753	2,578	3,369	3,362	3,864	4,108	2,048	1,676	1,761	1,727	1,878
Intangible Assets	1,245	1,011	1,345	1,228	1,399	1,385	482	505	472	392	347
Noncurrent Deferred & Refundable Income Taxes	0.00	16	16	11	9.80	9.10	1.80	32	31	34	37
Other Noncurrent Operating Assets	608	146	215	100	378	633	633	553	688	594	586
Total Liabilities & Shareholders' Equity	5,594	4,631	6,020	5,900	7,055	7,562	7,808	6,961	4,366	4,265	6,196
Total Liabilities	4,222	3,299	4,095	3,830	4,794	4,864	4,966	5,193	4,044	4,160	5,886
Total Current Liabilities	1,479	622	1,338	1,325	1,492	1,431	1,848	2,319	771	1,239	2,300
Short-Term Debt	875	107	724	673	499	514	971	1,393	15	514	1,509
Accounts Payable	222	184	225	251	375	407	262	293	341	250	319
Current Deferred Revenue	341	331	385	-	440	467	348	322	375	447	444
Current Deferred & Payable Income Tax Liabilities	-	0.00	3.10	5.20	6.80	3.80	3.00	0.00	7.90	1.70	1.80
Other Current Liabilities	-	-	-	396	152	39	32	30	33	26	26
Total Noncurrent Liabilities	2,742	2,677	2,757	2,505	3,303	3,433	3,118	2,874	3,273	2,921	3,585
Long-Term Debt	2,271	2,280	2,284	2,051	2,652	2,700	2,343	2,343	2,852	2,547	3,228
Noncurrent Deferred & Payable Income Tax Liabilities	329	322	338	351	356	397	290	146	210	192	193
Other Noncurrent Operating Liabilities	58	75	135	104	257	336	275	208	210	182	164
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	1,372	1,332	1,925	2,071	2,261	2,698	2,843	1,768	322	105	310
Total Preferred & Common Equity	1,372	1,332	1,925	2,071	2,261	2,698	2,817	1,749	310	100	309
Total Common Equity	1,372	1,332	1,925	2,071	2,261	2,698	2,817	1,749	310	100	309
Common Stock	2,024	2,122	2,180	2,283	2,369	2,491	2,609	2,721	2,872	2,994	3,113
Retained Earnings	2,162	2,753	3,308	3,943	4,228	4,762	5,240	5,999	6,417	7,153	7,811
Treasury Stock	-2,571	-2,891	-3,151	-3,563	-3,850	-4,179	-4,638	-6,240	-9,038	-10,062	-10,722
Accumulated Other Comprehensive Income / (Loss)	-242	-651	-412	-592	-487	-376	-395	-731	58	15	107
Noncontrolling Interest	-	-	-	-	-	0.00	26	18	12	4.90	0.80

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	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	9/30/2025	3/31/2026
Total Assets	4,316	4,364	4,366	4,499	4,768	4,563	4,265	5,122	4,795	6,242	4,598
Total Current Assets	855	928	810	1,017	1,307	1,093	912	1,772	1,377	2,695	1,202
Cash & Equivalents	309	417	303	352	632	458	291	1,112	629	2,108	525
Accounts Receivable	381	353	334	487	479	446	434	564	612	437	554
Prepaid Expenses	91	90	85	85	84	77	73	66	79	85	83
Current Deferred & Refundable Income Taxes	21	17	24	32	76	81	83	0.00	30	36	0.00
Other Current Assets	53	52	65	61	36	31	30	30	28	29	40
Plant, Property, & Equipment, net	582	612	605	613	624	622	606	596	593	591	578
Total Noncurrent Assets	2,879	2,824	2,951	2,869	2,837	2,849	2,747	2,754	2,824	2,956	2,818
Goodwill	1,755	1,732	1,761	1,761	1,759	1,793	1,727	1,749	1,809	1,879	1,863
Intangible Assets	508	482	472	452	433	423	392	382	388	448	329
Noncurrent Deferred & Refundable Income Taxes	33	32	31	31	31	32	34	35	37	37	36
Other Noncurrent Operating Assets	583	579	688	626	615	601	594	588	590	593	590
Total Liabilities & Shareholders' Equity	4,316	4,364	4,366	4,499	4,768	4,563	4,265	5,122	4,795	6,242	4,598
Total Liabilities	4,010	3,969	4,044	4,211	4,333	4,259	4,160	4,998	4,482	5,864	5,765
Total Current Liabilities	801	784	771	930	1,371	1,335	1,239	1,398	899	2,259	1,181
Short-Term Debt	3.40	12	15	16	517	516	514	518	17	1,489	258
Accounts Payable	284	301	341	241	245	282	250	207	176	229	199
Current Deferred Revenue	469	424	375	636	573	499	447	585	671	505	681
Current Deferred & Payable Income Tax Liabilities	1.80	3.10	7.90	11	10	11	1.70	60	8.00	9.20	17
Other Current Liabilities	43	44	33	27	27	27	26	29	28	27	25
Total Noncurrent Liabilities	3,209	3,185	3,273	3,281	2,961	2,923	2,921	3,600	3,583	3,605	4,585
Long-Term Debt	2,842	2,854	2,852	2,860	2,552	2,547	2,547	3,235	3,233	3,229	4,217
Noncurrent Deferred & Payable Income Tax Liabilities	139	129	210	203	193	188	192	184	181	210	197
Other Noncurrent Operating Liabilities	228	201	210	218	216	189	182	182	169	166	171
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	306	395	322	288	435	305	105	124	313	378	-1,167
Total Preferred & Common Equity	294	385	310	282	430	300	100	123	312	377	-1,168
Total Common Equity	294	385	310	282	430	300	100	123	312	377	-1,168
Common Stock	2,368	2,396	2,872	2,896	2,943	2,958	2,994	3,026	3,080	3,096	2,898
Retained Earnings	6,154	6,292	6,417	6,581	6,833	6,998	7,153	7,323	7,513	7,676	7,980
Treasury Stock	-8,273	-8,319	-9,038	-9,238	-9,389	-9,747	-10,062	-10,271	-10,398	-10,497	-12,132
Accumulated Other Comprehensive Income / (Loss)	46	16	58	44	43	91	15	46	116	102	86
Noncontrolling Interest	12	11	12	5.60	5.00	5.10	4.90	0.80	0.90	0.80	0.80

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.03%	13.32%	7.52%	11.65%	8.85%	-12.95%	8.51%	1.40%	7.38%	7.47%	6.63%
EBITDA Growth	19.69%	7.03%	4.57%	10.25%	-11.04%	28.73%	-1.37%	34.18%	-18.18%	16.31%	2.95%
EBIT Growth	11.24%	9.13%	4.38%	6.02%	-18.15%	37.62%	-4.52%	53.39%	-18.45%	18.11%	0.56%
NOPAT Growth	25.97%	5.77%	21.40%	7.81%	-20.50%	38.50%	-7.91%	65.04%	-27.09%	14.61%	7.41%
Net Income Growth	26.90%	16.47%	-6.11%	7.85%	-24.85%	58.41%	-6.51%	43.22%	-35.62%	55.84%	-5.14%
EPS Growth	27.00%	14.62%	-4.64%	8.21%	-24.16%	59.63%	-5.34%	47.06%	-30.50%	60.91%	-3.43%
Operating Cash Flow Growth	35.64%	-13.00%	28.74%	25.68%	2.34%	11.70%	8.19%	-8.37%	0.16%	7.85%	25.52%
Free Cash Flow Firm Growth	-615.03%	158.97%	-141.79%	246.53%	-94.36%	389.80%	1,401.23%	-60.90%	-46.58%	36.26%	6.79%
Invested Capital Growth	174.70%	-18.77%	33.82%	-2.87%	10.84%	10.35%	-48.23%	-6.36%	4.57%	-0.39%	-0.21%
Revenue Q/Q Growth	22.91%	1.46%	3.09%	1.85%	2.47%	-17.42%	1.31%	19.11%	1.77%	2.07%	1.43%
EBITDA Q/Q Growth	7.86%	-1.75%	3.84%	2.96%	-0.22%	-2.21%	-4.66%	9.17%	0.61%	1.78%	2.00%
EBIT Q/Q Growth	5.61%	-0.11%	3.18%	2.58%	-1.59%	-3.76%	-6.80%	14.28%	-0.85%	2.96%	0.79%
NOPAT Q/Q Growth	7.88%	-1.25%	21.63%	-8.27%	-3.06%	-1.90%	-4.71%	14.17%	-7.10%	5.10%	1.67%
Net Income Q/Q Growth	3.35%	-0.77%	20.75%	-8.89%	-3.02%	6.58%	-4.91%	-7.79%	22.44%	3.96%	-1.42%
EPS Q/Q Growth	2.38%	-0.58%	20.96%	-8.72%	-2.88%	6.95%	-4.67%	-6.83%	21.22%	5.34%	-1.37%
Operating Cash Flow Q/Q Growth	5.23%	-8.06%	8.51%	2.41%	0.31%	7.29%	-4.97%	6.05%	0.32%	0.26%	6.52%
Free Cash Flow Firm Q/Q Growth	0.27%	5.83%	-98.46%	41.34%	-93.30%	270.41%	520.73%	-4.88%	-77.54%	14.31%	10.69%
Invested Capital Q/Q Growth	1.59%	-0.35%	8.69%	1.70%	16.06%	6.24%	-46.81%	-46.31%	1.44%	-1.20%	-3.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	65.24%	64.19%	63.46%	63.00%	62.53%	65.11%	65.33%	66.98%	67.31%	68.73%	69.88%
EBITDA Margin	52.92%	49.98%	48.61%	48.00%	39.23%	58.02%	52.73%	69.78%	53.17%	57.54%	55.55%
Operating Margin	39.95%	38.47%	37.35%	34.83%	26.73%	42.14%	37.01%	56.33%	42.21%	43.51%	43.74%
EBIT Margin	39.95%	38.47%	37.35%	35.46%	26.67%	42.16%	37.10%	56.12%	42.62%	46.83%	44.17%
Profit (Net Income) Margin	28.83%	29.63%	25.88%	25.00%	17.26%	31.40%	27.06%	38.22%	22.91%	33.23%	29.56%
Tax Burden Percent	74.20%	90.44%	80.33%	83.19%	79.15%	87.08%	84.72%	75.59%	59.81%	77.93%	77.55%
Interest Burden Percent	97.26%	85.16%	86.25%	84.73%	81.76%	85.54%	86.10%	90.09%	89.89%	91.03%	86.30%
Effective Tax Rate	28.74%	30.93%	19.67%	16.81%	20.85%	20.11%	22.81%	17.45%	25.19%	22.62%	22.45%
Return on Invested Capital (ROIC)	16.67%	13.27%	15.37%	14.69%	11.24%	14.08%	16.28%	40.69%	29.99%	33.68%	36.29%
ROIC Less NNEP Spread (ROIC-NNEP)	16.96%	15.58%	11.91%	11.20%	7.53%	12.34%	13.88%	3.00%	16.93%	33.20%	31.26%
Return on Net Nonoperating Assets (RNNOA)	47.46%	30.45%	18.70%	15.27%	9.53%	14.66%	7.77%	0.71%	28.81%	414.58%	401.66%
Return on Equity (ROE)	64.13%	43.72%	34.08%	29.97%	20.77%	28.74%	24.05%	41.40%	58.80%	448.27%	437.95%
Cash Return on Invested Capital (CROIC)	-76.58%	33.99%	-13.55%	17.60%	0.96%	4.23%	79.84%	47.26%	25.52%	34.08%	36.50%
Operating Return on Assets (OROA)	17.72%	15.01%	15.04%	14.25%	10.73%	13.09%	11.89%	18.97%	20.18%	31.27%	25.95%
Return on Assets (ROA)	12.79%	11.56%	10.42%	10.04%	6.95%	9.75%	8.67%	12.92%	10.85%	22.19%	17.37%
Return on Common Equity (ROCE)	64.13%	43.72%	34.08%	29.97%	20.77%	28.74%	23.94%	41.00%	57.94%	430.32%	431.93%
Return on Equity Simple (ROE_SIMPLE)	37.00%	44.37%	28.83%	28.91%	19.90%	26.41%	23.66%	54.55%	198.19%	956.54%	0.00%
Net Operating Profit after Tax (NOPAT)	501	530	644	694	552	764	704	1,161	847	970	1,042
NOPAT Margin	28.47%	26.57%	30.00%	28.97%	21.16%	33.66%	28.57%	46.50%	31.57%	33.67%	33.92%
Net Nonoperating Expense Percent (NNEP)	-0.29%	-2.31%	3.46%	3.49%	3.71%	1.74%	2.40%	37.68%	13.06%	0.48%	5.02%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	21.10%	26.55%	30.65%	20.65%
Cost of Revenue to Revenue	34.76%	35.81%	36.54%	37.00%	37.47%	34.89%	34.67%	33.02%	32.69%	31.27%	30.12%
SG&A Expenses to Revenue	15.81%	15.12%	15.05%	15.81%	23.15%	13.58%	12.72%	15.28%	14.61%	14.18%	14.91%
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	25.29%	25.72%	26.11%	28.17%	35.80%	22.98%	28.32%	10.65%	25.11%	25.22%	26.14%
Earnings before Interest and Taxes (EBIT)	703	768	801	849	695	957	914	1,401	1,143	1,350	1,357
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	932	997	1,043	1,150	1,023	1,317	1,299	1,742	1,426	1,658	1,707
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.16	9.84	7.92	8.37	10.52	12.23	12.88	15.58	111.05	388.55	100.89
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	126.54	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	7.14	6.57	7.11	7.23	9.12	14.54	14.73	10.92	12.84	13.50	10.15
Price to Earnings (P/E)	24.76	22.19	27.48	28.93	52.86	46.31	54.44	28.57	56.01	40.59	34.32
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.69%	0.53%	0.52%	0.71%	0.57%	0.57%	0.80%
Earnings Yield	4.04%	4.51%	3.64%	3.46%	1.89%	2.16%	1.84%	3.50%	1.79%	2.46%	2.91%
Enterprise Value to Invested Capital (EV/IC)	3.53	4.29	3.78	4.28	5.18	6.32	13.40	11.20	12.82	14.49	11.76
Enterprise Value to Revenue (EV/Rev)	8.84	7.70	8.45	8.31	10.26	15.86	16.04	12.37	13.80	14.46	10.98
Enterprise Value to EBITDA (EV/EBITDA)	16.71	15.41	17.38	17.31	26.15	27.34	30.42	17.73	25.96	25.13	19.76
Enterprise Value to EBIT (EV/EBIT)	22.14	20.02	22.62	23.43	38.47	37.63	43.23	22.05	32.38	30.87	24.86
Enterprise Value to NOPAT (EV/NOPAT)	31.07	28.98	28.16	28.69	48.49	47.12	56.14	26.61	43.71	42.94	32.37
Enterprise Value to Operating Cash Flow (EV/OCF)	23.46	26.60	24.38	21.30	27.97	33.70	34.17	29.18	34.88	36.42	23.49
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	11.32	0.00	23.94	570.17	156.68	11.45	22.91	51.37	42.45	32.18
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.29	1.79	1.56	1.32	1.39	1.19	1.17	2.11	8.90	29.15	15.29
Long-Term Debt to Equity	1.66	1.71	1.19	0.99	1.17	1.00	0.82	1.33	8.85	24.26	10.42
Financial Leverage	2.80	1.95	1.57	1.36	1.27	1.19	0.56	0.24	1.70	12.49	12.85
Leverage Ratio	5.02	3.78	3.27	2.98	2.99	2.95	2.77	3.20	5.42	20.20	25.22
Compound Leverage Factor	4.88	3.22	2.82	2.53	2.45	2.52	2.39	2.89	4.87	18.39	21.76
Debt to Total Capital	69.63%	64.18%	60.98%	56.81%	58.22%	54.36%	53.83%	67.88%	89.90%	96.68%	93.86%
Short-Term Debt to Total Capital	19.36%	2.87%	14.68%	14.03%	9.23%	8.70%	15.78%	25.31%	0.45%	16.24%	29.90%
Long-Term Debt to Total Capital	50.27%	61.31%	46.30%	42.77%	49.00%	45.66%	38.05%	42.57%	89.44%	80.44%	63.96%
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%	0.42%	0.33%	0.38%	0.15%	0.02%
Common Equity to Total Capital	30.37%	35.82%	39.02%	43.19%	41.78%	45.64%	45.75%	31.78%	9.72%	3.16%	6.12%
Debt to EBITDA	3.38	2.39	2.89	2.37	3.08	2.44	2.55	2.14	2.01	1.85	2.78
Net Debt to EBITDA	3.22	2.25	2.75	2.25	2.90	2.27	2.47	2.08	1.80	1.67	1.50
Long-Term Debt to EBITDA	2.44	2.29	2.19	1.78	2.59	2.05	1.80	1.34	2.00	1.54	1.89
Debt to NOPAT	6.28	4.50	4.67	3.92	5.71	4.21	4.71	3.22	3.39	3.15	4.55
Net Debt to NOPAT	5.99	4.24	4.45	3.72	5.38	3.92	4.55	3.12	3.03	2.85	2.46
Long-Term Debt to NOPAT	4.53	4.30	3.55	2.96	4.81	3.53	3.33	2.02	3.37	2.62	3.10
Altman Z-Score	2.87	4.16	3.65	4.39	4.38	5.57	5.88	5.14	8.65	9.59	6.25
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.47%	0.96%	1.46%	4.00%	1.37%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.41	0.81	0.45	0.49	0.50	0.56	0.49	0.40	1.05	0.74	1.20
Quick Ratio	0.27	0.65	0.36	0.37	0.42	0.46	0.22	0.17	0.83	0.59	1.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,302	1,358	-567	831	47	230	3,449	1,349	720	982	1,048
Operating Cash Flow to CapEx	399.64%	369.01%	405.18%	404.50%	441.10%	477.51%	430.59%	0.00%	0.00%	525.98%	875.08%
Free Cash Flow to Firm to Interest Expense	-18.96	11.31	-4.75	6.41	0.37	1.66	27.16	9.72	6.24	8.11	5.64
Operating Cash Flow to Interest Expense	5.47	4.81	6.23	7.20	7.54	7.72	9.10	7.63	9.18	9.45	7.72
Operating Cash Flow Less CapEx to Interest Expense	4.10	3.51	4.69	5.42	5.83	6.11	6.99	13.38	33.74	7.66	6.84
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.44	0.39	0.40	0.40	0.40	0.31	0.32	0.34	0.47	0.67	0.59
Accounts Receivable Turnover	7.47	7.75	7.04	6.82	6.53	5.19	6.73	8.46	8.59	7.50	7.17
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	5.40	5.46	5.00	4.63	4.72	3.85	4.23	4.65	4.68	4.76	5.17
Accounts Payable Turnover	3.04	3.52	3.83	3.72	3.12	2.02	2.55	2.97	2.77	3.05	3.25
Days Sales Outstanding (DSO)	48.89	47.10	51.84	53.48	55.86	70.29	54.27	43.12	42.49	48.68	50.88
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)	120.12	103.74	95.32	98.09	116.94	180.33	143.10	122.81	131.92	119.61	112.18
Cash Conversion Cycle (CCC)	-71.23	-56.64	-43.48	-44.60	-61.08	-110.05	-88.83	-79.69	-89.43	-70.94	-61.30
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,408	3,581	4,792	4,654	5,159	5,693	2,948	2,760	2,886	2,875	2,869
Invested Capital Turnover	0.59	0.50	0.51	0.51	0.53	0.42	0.57	0.88	0.95	1.00	1.07
Increase / (Decrease) in Invested Capital	2,804	-828	1,211	-138	505	534	-2,746	-188	126	-11	-6.10
Enterprise Value (EV)	15,573	15,364	18,123	19,905	26,747	36,001	39,494	30,898	37,002	41,668	33,736
Market Capitalization	12,569	13,116	15,257	17,321	23,780	33,006	36,266	27,256	34,426	38,894	31,176
Book Value per Share	$8.10	$7.96	$11.69	$12.58	$13.80	$16.60	$17.48	$11.19	$2.14	$0.71	$2.22
Tangible Book Value per Share	($15.50)	($13.48)	($16.93)	($15.30)	($18.32)	($17.19)	$1.78	($2.76)	($13.26)	($14.30)	($13.75)
Total Capital	4,518	3,719	4,934	4,794	5,412	5,912	6,157	5,504	3,189	3,166	5,047
Total Debt	3,146	2,387	3,009	2,723	3,151	3,214	3,314	3,736	2,867	3,061	4,737
Total Long-Term Debt	2,271	2,280	2,284	2,051	2,652	2,700	2,343	2,343	2,852	2,547	3,228
Net Debt	3,004	2,249	2,867	2,584	2,966	2,995	3,202	3,624	2,564	2,770	2,559
Capital Expenditures (CapEx)	166	157	184	231	217	224	268	-799	-2,836	218	164
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-142	-152	-158	-147	-432	-341	-81	-114	-250	-104	-204
Debt-free Net Working Capital (DFNWC)	0.10	-14	-16	-7.30	-248	-122	31	-1.20	53	187	1,974
Net Working Capital (NWC)	-875	-121	-740	-680	-747	-637	-941	-1,394	39	-327	465
Net Nonoperating Expense (NNE)	-6.35	-61	89	95	102	51	37	207	232	13	134
Net Nonoperating Obligations (NNO)	3,036	2,249	2,867	2,584	2,898	2,995	105	992	2,564	2,770	2,559
Total Depreciation and Amortization (D&A)	228	230	242	300	328	360	385	341	283	309	350
Debt-free, Cash-free Net Working Capital to Revenue	-8.05%	-7.64%	-7.36%	-6.13%	-16.57%	-15.03%	-3.30%	-4.55%	-9.30%	-3.62%	-6.65%
Debt-free Net Working Capital to Revenue	0.01%	-0.70%	-0.73%	-0.30%	-9.49%	-5.39%	1.25%	-0.05%	1.98%	6.49%	64.24%
Net Working Capital to Revenue	-49.68%	-6.05%	-34.50%	-28.40%	-28.65%	-28.05%	-38.20%	-55.83%	1.44%	-11.36%	15.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.07	$3.51	$3.36	$3.63	$2.75	$4.38	$4.12	$6.04	$4.19	$6.74	$6.50
Adjusted Weighted Average Basic Shares Outstanding	165.09M	168.25M	165.17M	164.81M	163.54M	162.61M	161.84M	157.91M	146.62M	142.15M	139.67M
Adjusted Diluted Earnings per Share	$3.01	$3.45	$3.29	$3.56	$2.70	$4.31	$4.08	$6.00	$4.17	$6.71	$6.48
Adjusted Weighted Average Diluted Shares Outstanding	168.45M	171.17M	168.69M	168.30M	166.56M	165.32M	163.34M	158.93M	147.34M	142.84M	140.08M
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	168.03M	166.34M	165.02M	163.51M	163.08M	162.79M	161.28M	154.70M	143.39M	140.28M	137.94M
Normalized Net Operating Profit after Tax (NOPAT)	501	530	644	694	552	764	704	1,161	847	970	1,056
Normalized NOPAT Margin	28.47%	26.57%	30.00%	28.97%	21.16%	33.66%	28.57%	46.50%	31.57%	33.67%	34.38%
Pre Tax Income Margin	38.85%	32.76%	32.21%	30.05%	21.80%	36.06%	31.94%	50.56%	38.31%	42.63%	38.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.79	6.40	6.71	6.55	5.48	6.92	7.19	10.10	9.89	11.15	7.30
NOPAT to Interest Expense	4.13	4.42	5.39	5.35	4.35	5.52	5.54	8.36	7.33	8.02	5.61
EBIT Less CapEx to Interest Expense	4.43	5.09	5.17	4.77	3.77	5.30	5.08	15.85	34.45	9.36	6.42
NOPAT Less CapEx to Interest Expense	2.76	3.11	3.85	3.57	2.64	3.91	3.43	14.12	31.89	6.22	4.72
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	36.34%	24.67%	28.25%	20.45%	32.03%	23.11%	27.65%
Augmented Payout Ratio	4.02%	55.28%	49.77%	73.26%	103.02%	73.61%	99.53%	194.67%	481.62%	128.07%	96.34%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	137,941,888.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	137,941,888.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.70
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.06%	7.41%	8.04%	6.19%	7.04%	8.62%	6.96%	7.78%	5.93%	5.87%	3.93%
EBITDA Growth	1.67%	2.50%	7.03%	35.83%	13.68%	8.11%	7.87%	10.23%	10.37%	5.14%	5.65%
EBIT Growth	10.32%	-3.49%	3.79%	39.59%	13.72%	14.33%	7.38%	11.17%	11.04%	-0.85%	6.69%
NOPAT Growth	9.68%	-26.08%	14.28%	7.08%	13.86%	24.35%	5.57%	9.65%	7.49%	7.92%	3.35%
Net Income Growth	-1.11%	183.99%	289.01%	56.40%	17.40%	21.00%	5.88%	-17.71%	2.50%	-6.23%	0.82%
EPS Growth	7.50%	169.77%	310.81%	59.26%	19.38%	29.31%	8.55%	-15.81%	4.55%	-6.00%	4.85%
Operating Cash Flow Growth	-10.74%	1.37%	1.89%	14.15%	18.43%	1.19%	19.48%	11.04%	36.23%	34.42%	-12.21%
Free Cash Flow Firm Growth	322.55%	-85.98%	-95.87%	-92.03%	-92.99%	295.87%	153.04%	-3.55%	2.56%	5.44%	-19.32%
Invested Capital Growth	-44.65%	4.57%	4.61%	1.05%	2.27%	-0.39%	-1.70%	2.15%	2.68%	-0.21%	0.72%
Revenue Q/Q Growth	0.39%	-0.06%	3.96%	1.82%	1.19%	1.42%	2.37%	2.60%	-0.56%	1.37%	0.49%
EBITDA Q/Q Growth	-5.03%	2.94%	6.44%	30.55%	-20.52%	-2.10%	7.12%	5.68%	-1.90%	-3.68%	5.81%
EBIT Q/Q Growth	-6.90%	-2.97%	12.30%	37.62%	-24.16%	-2.46%	6.62%	7.33%	-2.37%	-9.34%	12.31%
NOPAT Q/Q Growth	-9.49%	-10.81%	30.25%	1.85%	-3.77%	-2.59%	10.57%	5.79%	-5.66%	-2.20%	5.88%
Net Income Q/Q Growth	-4.78%	-7.26%	26.24%	40.29%	-28.53%	-4.41%	10.46%	9.04%	-10.98%	-12.55%	18.76%
EPS Q/Q Growth	-4.44%	-10.08%	31.03%	41.45%	-28.37%	-2.60%	10.00%	9.70%	-11.05%	-12.42%	22.70%
Operating Cash Flow Q/Q Growth	29.65%	0.92%	47.46%	-40.84%	34.51%	-13.77%	74.12%	-45.02%	65.03%	-14.92%	13.72%
Free Cash Flow Firm Q/Q Growth	-9.16%	-97.53%	95.57%	81.40%	-20.07%	39.60%	25.01%	-30.86%	-15.00%	43.52%	-4.35%
Invested Capital Q/Q Growth	0.09%	1.44%	-2.57%	2.14%	1.30%	-1.20%	-3.85%	6.15%	1.83%	-3.98%	-2.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	67.95%	66.60%	67.64%	69.39%	69.20%	68.67%	69.35%	70.30%	70.13%	69.74%	69.77%
EBITDA Margin	51.24%	52.78%	54.03%	69.28%	54.42%	52.53%	54.97%	56.61%	55.85%	53.07%	55.88%
Operating Margin	41.48%	36.99%	43.66%	44.46%	42.95%	43.00%	43.84%	45.86%	45.02%	40.27%	45.00%
EBIT Margin	41.19%	39.99%	43.20%	58.38%	43.76%	42.09%	43.84%	45.86%	45.02%	40.27%	45.00%
Profit (Net Income) Margin	27.66%	25.66%	31.16%	42.94%	30.33%	28.59%	30.85%	32.79%	29.35%	25.32%	29.93%
Tax Burden Percent	75.05%	71.61%	79.72%	78.32%	77.11%	76.44%	78.37%	77.25%	74.64%	80.52%	75.92%
Interest Burden Percent	89.47%	89.62%	90.50%	93.91%	89.89%	88.86%	89.79%	92.55%	87.34%	78.09%	87.59%
Effective Tax Rate	24.95%	24.89%	20.28%	21.68%	22.89%	26.03%	21.63%	22.75%	25.36%	19.48%	24.08%
Return on Invested Capital (ROIC)	20.54%	26.39%	34.60%	33.82%	32.49%	31.82%	36.11%	36.44%	34.53%	34.69%	38.21%
ROIC Less NNEP Spread (ROIC-NNEP)	19.70%	25.58%	33.60%	36.16%	31.70%	30.93%	35.09%	35.63%	33.27%	32.62%	37.20%
Return on Net Nonoperating Assets (RNNOA)	45.82%	43.53%	469.48%	242.72%	228.92%	386.22%	440.32%	241.02%	254.36%	419.01%	-235.07%
Return on Equity (ROE)	66.36%	69.92%	504.08%	276.54%	261.41%	418.04%	476.44%	277.46%	288.89%	453.70%	-196.86%
Cash Return on Invested Capital (CROIC)	80.31%	25.52%	27.39%	30.27%	29.84%	34.08%	37.02%	32.56%	32.12%	36.50%	37.15%
Operating Return on Assets (OROA)	19.14%	18.93%	27.18%	35.68%	27.68%	28.11%	26.71%	28.64%	25.25%	23.66%	28.73%
Return on Assets (ROA)	12.85%	12.15%	19.61%	26.24%	19.19%	19.09%	18.80%	20.48%	16.46%	14.88%	19.10%
Return on Common Equity (ROCE)	65.60%	68.90%	481.03%	270.27%	255.51%	401.30%	469.03%	275.27%	286.39%	447.47%	-197.16%
Return on Equity Simple (ROE_SIMPLE)	130.51%	0.00%	275.48%	206.46%	307.41%	0.00%	788.94%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	211	188	245	250	240	234	259	274	258	253	267
NOPAT Margin	31.13%	27.78%	34.81%	34.82%	33.12%	31.81%	34.36%	35.43%	33.61%	32.42%	34.17%
Net Nonoperating Expense Percent (NNEP)	0.84%	0.81%	1.00%	-2.34%	0.80%	0.89%	1.02%	0.81%	1.25%	2.08%	1.01%
Return On Investment Capital (ROIC_SIMPLE)	-	5.90%	-	-	-	7.39%	6.67%	7.68%	5.07%	5.00%	8.08%
Cost of Revenue to Revenue	32.05%	33.40%	32.36%	30.61%	30.80%	31.34%	30.65%	29.70%	29.87%	30.26%	30.23%
SG&A Expenses to Revenue	16.47%	16.89%	13.20%	14.16%	15.72%	13.64%	14.46%	13.78%	14.40%	16.97%	13.99%
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	26.46%	29.61%	23.98%	24.93%	26.25%	25.67%	25.51%	24.44%	25.11%	29.47%	24.76%
Earnings before Interest and Taxes (EBIT)	279	271	304	419	317	310	330	354	346	314	352
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	347	357	380	497	395	386	414	437	429	413	437
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	88.58	111.05	120.93	89.38	127.38	388.55	339.42	139.79	93.28	100.89	0.00
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)	12.93	12.84	12.48	13.86	13.52	13.50	14.25	14.59	11.60	10.15	8.44
Price to Earnings (P/E)	67.88	56.01	43.87	43.26	41.40	40.59	43.00	47.56	38.13	34.32	28.76
Dividend Yield	0.57%	0.57%	0.60%	0.54%	0.56%	0.57%	0.54%	0.54%	0.69%	0.80%	0.98%
Earnings Yield	1.47%	1.79%	2.28%	2.31%	2.42%	2.46%	2.33%	2.10%	2.62%	2.91%	3.48%
Enterprise Value to Invested Capital (EV/IC)	12.84	12.82	13.04	14.24	14.01	14.49	16.06	15.74	12.64	11.76	10.82
Enterprise Value to Revenue (EV/Rev)	13.86	13.80	13.41	14.74	14.44	14.46	15.15	15.47	12.46	10.98	9.71
Enterprise Value to EBITDA (EV/EBITDA)	25.77	25.96	25.27	25.86	25.03	25.13	27.87	28.29	22.56	19.76	17.54
Enterprise Value to EBIT (EV/EBIT)	31.69	32.38	31.77	32.14	31.11	30.87	34.77	35.21	28.03	24.86	22.05
Enterprise Value to NOPAT (EV/NOPAT)	40.07	43.71	41.80	45.72	44.17	42.94	45.10	45.88	36.83	32.37	28.67
Enterprise Value to Operating Cash Flow (EV/OCF)	34.54	34.88	34.34	37.36	35.74	36.42	36.49	37.23	28.00	23.49	21.80
Enterprise Value to Free Cash Flow (EV/FCFF)	11.39	51.37	48.67	47.29	47.48	42.45	43.01	48.87	39.86	32.18	29.23
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	7.25	8.90	10.00	7.05	10.05	29.15	30.31	10.40	12.50	15.29	-3.84
Long-Term Debt to Equity	7.22	8.85	9.94	5.86	8.36	24.26	26.13	10.34	8.55	10.42	-3.61
Financial Leverage	2.33	1.70	13.97	6.71	7.22	12.49	12.55	6.76	7.64	12.85	-6.32
Leverage Ratio	4.72	5.42	23.65	12.26	12.75	20.20	23.37	12.79	15.84	25.22	-9.32
Compound Leverage Factor	4.22	4.86	21.40	11.51	11.46	17.95	20.99	11.83	13.83	19.69	-8.16
Debt to Total Capital	87.88%	89.90%	90.91%	87.58%	90.95%	96.68%	96.81%	91.23%	92.59%	93.86%	135.27%
Short-Term Debt to Total Capital	0.38%	0.45%	0.52%	14.75%	15.33%	16.24%	13.36%	0.48%	29.22%	29.90%	7.81%
Long-Term Debt to Total Capital	87.50%	89.44%	90.39%	72.83%	75.63%	80.44%	83.44%	90.75%	63.37%	63.96%	127.46%
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%	0.18%	0.14%	0.15%	0.15%	0.02%	0.03%	0.02%	0.02%	0.02%
Common Equity to Total Capital	11.79%	9.72%	8.92%	12.28%	8.90%	3.16%	3.17%	8.75%	7.39%	6.12%	-35.29%
Debt to EBITDA	2.02	2.01	1.98	1.94	1.88	1.85	2.36	1.99	2.82	2.78	2.61
Net Debt to EBITDA	1.73	1.80	1.74	1.54	1.60	1.67	1.66	1.61	1.56	1.50	2.30
Long-Term Debt to EBITDA	2.01	2.00	1.97	1.61	1.56	1.54	2.03	1.98	1.93	1.89	2.46
Debt to NOPAT	3.15	3.39	3.28	3.43	3.32	3.15	3.81	3.23	4.60	4.55	4.26
Net Debt to NOPAT	2.69	3.03	2.88	2.72	2.82	2.85	2.68	2.60	2.55	2.46	3.76
Long-Term Debt to NOPAT	3.13	3.37	3.26	2.85	2.76	2.62	3.29	3.21	3.15	3.10	4.01
Altman Z-Score	8.02	7.99	7.76	8.19	8.31	8.78	7.89	9.01	6.07	5.70	6.09
Noncontrolling Interest Sharing Ratio	1.15%	1.46%	4.57%	2.27%	2.26%	4.00%	1.55%	0.79%	0.86%	1.37%	-0.15%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.18	1.05	1.09	0.95	0.82	0.74	1.27	1.53	1.19	1.20	1.02
Quick Ratio	0.98	0.83	0.90	0.81	0.68	0.59	1.20	1.38	1.13	1.13	0.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,506	62	121	220	176	245	307	212	180	259	247
Operating Cash Flow to CapEx	460.59%	448.31%	674.28%	380.97%	533.69%	521.22%	828.12%	438.17%	598.66%	510.86%	610.00%
Free Cash Flow to Firm to Interest Expense	85.25	2.20	4.19	8.62	5.47	7.11	8.45	5.97	4.27	3.60	5.73
Operating Cash Flow to Interest Expense	8.51	8.98	12.88	8.64	9.23	7.40	12.25	6.89	9.56	4.77	9.04
Operating Cash Flow Less CapEx to Interest Expense	6.66	6.98	10.97	6.37	7.50	5.98	10.77	5.32	7.96	3.84	7.56
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.47	0.63	0.61	0.63	0.67	0.61	0.62	0.56	0.59	0.64
Accounts Receivable Turnover	6.49	8.59	5.94	6.45	7.06	7.50	5.58	5.47	6.86	7.17	5.55
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	4.17	4.68	4.66	4.60	4.58	4.76	4.85	4.91	5.00	5.17	5.28
Accounts Payable Turnover	2.79	2.77	3.57	3.37	3.07	3.05	4.04	4.35	3.60	3.25	4.59
Days Sales Outstanding (DSO)	56.23	42.49	61.41	56.57	51.68	48.68	65.45	66.68	53.19	50.88	65.81
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)	130.79	131.92	102.36	108.32	118.70	119.61	90.31	83.94	101.45	112.18	79.50
Cash Conversion Cycle (CCC)	-74.56	-89.43	-40.95	-51.75	-67.02	-70.94	-24.86	-17.27	-48.27	-61.30	-13.69
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,845	2,886	2,812	2,872	2,910	2,875	2,764	2,934	2,988	2,869	2,784
Invested Capital Turnover	0.66	0.95	0.99	0.97	0.98	1.00	1.05	1.03	1.03	1.07	1.12
Increase / (Decrease) in Invested Capital	-2,295	126	124	30	65	-11	-48	62	78	-6.10	20
Enterprise Value (EV)	36,518	37,002	36,657	40,900	40,774	41,668	44,390	46,196	37,751	33,736	30,126
Market Capitalization	34,057	34,426	34,127	38,458	38,164	38,894	41,749	43,574	35,140	31,176	26,174
Book Value per Share	$2.65	$2.14	$1.97	$3.02	$2.10	$0.71	$0.88	$2.23	$2.70	$2.22	($8.47)
Tangible Book Value per Share	($12.61)	($13.26)	($13.47)	($12.34)	($13.45)	($14.30)	($14.31)	($13.48)	($13.95)	($13.75)	($24.36)
Total Capital	3,262	3,189	3,165	3,505	3,368	3,166	3,876	3,563	5,096	5,047	3,309
Total Debt	2,867	2,867	2,877	3,069	3,063	3,061	3,753	3,250	4,718	4,737	4,476
Total Long-Term Debt	2,854	2,852	2,860	2,552	2,547	2,547	3,235	3,233	3,229	3,228	4,217
Net Debt	2,450	2,564	2,524	2,437	2,605	2,770	2,640	2,622	2,610	2,559	3,951
Capital Expenditures (CapEx)	54	56	55	58	56	49	54	56	67	67	64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-260	-250	-249	-179	-184	-104	-220	-134	-183	-204	-245
Debt-free Net Working Capital (DFNWC)	157	53	104	453	274	187	892	495	1,925	1,974	280
Net Working Capital (NWC)	144	39	87	-64	-243	-327	374	478	436	465	21
Net Nonoperating Expense (NNE)	24	14	26	-58	20	24	26	20	33	55	33
Net Nonoperating Obligations (NNO)	2,450	2,564	2,524	2,437	2,605	2,770	2,640	2,622	2,610	2,559	3,951
Total Depreciation and Amortization (D&A)	68	87	76	78	77	77	84	83	83	100	85
Debt-free, Cash-free Net Working Capital to Revenue	-9.88%	-9.30%	-9.10%	-6.46%	-6.53%	-3.62%	-7.51%	-4.48%	-6.04%	-6.65%	-7.89%
Debt-free Net Working Capital to Revenue	5.94%	1.98%	3.79%	16.31%	9.69%	6.49%	30.44%	16.57%	63.54%	64.24%	9.01%
Net Working Capital to Revenue	5.47%	1.44%	3.19%	-2.31%	-8.59%	-11.36%	12.76%	16.01%	14.40%	15.14%	0.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.29	$1.17	$1.53	$2.16	$1.55	$1.50	$1.66	$1.81	$1.62	$1.41	$1.73
Adjusted Weighted Average Basic Shares Outstanding	145.01M	146.62M	143.30M	142.71M	141.78M	142.15M	140.29M	139.82M	139.51M	139.67M	135.02M
Adjusted Diluted Earnings per Share	$1.29	$1.16	$1.52	$2.15	$1.54	$1.50	$1.65	$1.81	$1.61	$1.41	$1.73
Adjusted Weighted Average Diluted Shares Outstanding	145.74M	147.34M	143.97M	143.29M	142.51M	142.84M	140.94M	140.34M	139.94M	140.08M	135.22M
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	144.99M	143.39M	142.68M	142.42M	141.21M	140.28M	139.88M	139.71M	139.37M	137.94M	131.02M
Normalized Net Operating Profit after Tax (NOPAT)	211	188	245	250	240	234	259	274	258	253	267
Normalized NOPAT Margin	31.13%	27.78%	34.81%	34.82%	33.12%	31.81%	34.36%	35.43%	33.61%	32.42%	34.17%
Pre Tax Income Margin	36.85%	35.84%	39.09%	54.83%	39.34%	37.40%	39.36%	42.44%	39.32%	31.45%	39.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.49	9.64	10.52	16.41	9.89	8.97	9.09	9.98	8.20	4.36	8.15
NOPAT to Interest Expense	7.18	6.70	8.48	9.79	7.48	6.78	7.13	7.71	6.12	3.51	6.19
EBIT Less CapEx to Interest Expense	7.65	7.63	8.61	14.15	8.16	7.55	7.61	8.41	6.60	3.43	6.67
NOPAT Less CapEx to Interest Expense	5.33	4.69	6.57	7.52	5.75	5.36	5.65	6.14	4.52	2.58	4.71
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	39.04%	32.03%	26.16%	23.57%	23.40%	23.11%	23.55%	25.77%	26.41%	27.65%	27.86%
Augmented Payout Ratio	540.43%	481.62%	146.09%	146.24%	175.68%	128.07%	127.12%	132.50%	104.03%	96.34%	231.74%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways for retail investors from Verisk Analytics, Inc. (VRSK) based on the last four years of quarterly results, focusing on trends in revenue, profitability, cash flow and capital allocation through the latest Q4 2025 data.

Revenue growth: Verisk’s quarterly operating revenue rose from about $630.5 million in Q4 2022 to $778.8 million in Q4 2025, marking meaningful multi-year top‑line expansion.
Solid gross margins: Total gross profit in Q4 2025 was $543.1 million on $778.8 million of revenue, yielding a margin around 69%—a step up from roughly the mid‑60s in earlier years and showing pricing power and/or mix resilience.
Strong cash generation: Net cash from continuing operating activities ran in the low-to-mid $300 million range in 2025 (e.g., $343.3 million in Q4 2025 and $403.5 million in Q3 2025), underscoring robust cash flow generation.
Significant capital returns: Verisk engaged in substantial share repurchases in 2025, totaling roughly $600–$700 million across the year (e.g., around $223.8M in Q4 2025, plus sizable buys earlier in the year), which can support earnings per share and investor value over time.
Liquidity strength: Cash and equivalents were already strong by mid‑2025 (about $2.1 billion in Q3 2025), providing substantial liquidity to fund buybacks, debt management and potential opportunistic investments.
Debt profile: Long‑term debt generally sits in the low‑to‑mid $3 billions range across 2025, with total liabilities higher, indicating a leveraged but manageable balance sheet for a software/analytics business with steady cash flow.
Dividend cadence: Verisk continued to pay regular cash dividends (roughly in the $60+ million per quarter range), reflecting a disciplined capital return policy alongside buybacks.
Net income softness in late 2025: Net income attributable to common shareholders was around $197 million in Q4 2025, versus roughly $210–$203 million in the prior year’s comparable quarter, signaling a modest margin‑to‑EPS headwind despite higher revenue.
Opex pressure: Total operating expenses rose as the company scaled, with SG&A and related costs contributing to a higher expense base in 2025, which can compress operating margins absent offsetting revenue growth.
Financing activity headwinds: 2025 saw meaningful financing outflows tied to buybacks and debt activity, which weighed on net cash from financing and contributed to overall cash burn in that segment despite healthy operating cash flow.

05/08/26 08:45 PM ETAI Generated. May Contain Errors.

Verisk Analytics Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Verisk Analytics' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Verisk Analytics' net income appears to be on an upward trend, with a most recent value of $908.30 million in 2025, rising from $507.60 million in 2015. The previous period was $957.50 million in 2024. See where experts think Verisk Analytics is headed by visiting Verisk Analytics' forecast page.

Verisk Analytics' total operating income in 2025 was $1.34 billion, based on the following breakdown:

Total Gross Profit: $2.15 billion
Total Operating Expenses: $803.30 million

Over the last 10 years, Verisk Analytics' total revenue changed from $1.76 billion in 2015 to $3.07 billion in 2025, a change of 74.5%.

Verisk Analytics' total liabilities were at $5.89 billion at the end of 2025, a 41.5% increase from 2024, and a 39.4% increase since 2015.

In the past 10 years, Verisk Analytics' cash and equivalents has ranged from $111.90 million in 2021 to $2.18 billion in 2025, and is currently $2.18 billion as of their latest financial filing in 2025.

Over the last 10 years, Verisk Analytics' book value per share changed from 8.10 in 2015 to 2.22 in 2025, a change of -72.6%.

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Financial statements for NASDAQ:VRSK last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Verisk Analytics (VRSK) Financials

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