Verisk Analytics, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Verisk Analytics, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,995	2,145	2,395	2,607	2,269	2,463	2,497	2,681	2,882	3,073
Cost of revenue	714	784	886	977	792	854	825	877	901	926
Gross profit	1,281	1,361	1,509	1,630	1,478	1,609	1,672	1,805	1,981	2,147
Research and development	27.4	37.4	45.1	60	44.6	47.1	43.1	36.8	35.3	40.9
Selling, general and administrative	302	323	379	604	308	313	382	392	409	458
Operating income	768	801	834	697	956	911	1,407	1,132	1,254	1,344
Interest expense	120	119	130	127	138	127	139	116	125	171
Other non-operating income	-114	-110	-114	-129	-138	-125	-144	-105	-25.3	-173
Pre-tax income	654	691	720	568	818	787	1,262	1,027	1,229	1,171
Income tax	202	136	121	119	165	179	220	259	278	263
Income from continuing operations	452	555	599		654	607	1,042	768	951	908
Net income to minority interests				0	0	0.1	0.4	-0.2	-0.7	0
Net income	591	555	599	450	713	666	954	615	958	908
EBITDA	894	937	999	883	1,149	1,118	1,604	1,339	1,488	1,603
EPS, basic	3.51	3.36	3.63	2.75	4.38	4.12	6.04	4.19	6.74	6.50
EPS, diluted	3.45	3.29	3.56	2.70	4.31	4.08	6.00	4.17	6.71	6.48
Shares, basic (weighted)	168	165	165	164	163	162	158	147	142	140
Shares, diluted (weighted)	171	169	168	167	165	163	159	147	143	140

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	135	142	140	185	219	112	113	303	291	2,178
Receivables	264	346	356	442	432	300	290	334	434	422
Other current assets	20.3	42.9	50.7	17.8	36.4	31.4	32	65.2	29.9	30
Total current assets	501	598	645	745	794	907	925	810	912	2,765
Property, plant and equipment	380	478	556	548	632	531	542	605	606	583
Lease right-of-use assets			0	219	268	224	182	192	156	139
Goodwill	2,578	3,369	3,362	3,864	1,821	2,048	1,676	1,761	1,727	1,878
Intangible assets	1,011	1,345	1,228	1,399	1,385	482	505	472	392	347
Other non-current assets	146	215	99.5	160	366	409	371	496	438	447
Total assets	4,631	6,020	5,900	7,055	7,562	7,808	6,961	4,366	4,265	6,196
Accounts payable	184	225	251	375	407	262	293	341	250	319
Accrued liabilities	88.6	115	131	147	159	143	117	149	144	144
Deferred revenue	331	385	383	440	467	348	322	375	447	444
Short-term debt	107	724	673	499	514	971	1,393	14.5	514	1,509
Total current liabilities	622	1,338	1,325	1,492	1,431	1,848	2,319	771	1,239	2,300
Long-term debt	2,280	2,284	2,051	2,652	2,700	2,343	2,343	2,852	2,547	3,228
Lease liabilities			0	208	272	231	190	196	159	137
Other non-current liabilities	74.8	135	75.7	48.8	64.7	43.3	17.9	14.6	23.6	26.8
Total liabilities	3,299	4,095	3,830	4,794	4,864	4,966	5,193	4,044	4,160	5,886
Total debt	2,277	2,281	2,742	3,153	3,225	3,324	3,744	2,884	3,091	4,774
Paid-in capital	2,122	2,180	2,283	2,369	2,491	2,609	2,721	2,872	2,994	3,113
Retained earnings	2,753	3,308	3,943	4,228	4,762	5,240	5,999	6,417	7,153	7,811
Treasury stock	-2,891	-3,151	-3,563	-3,850	-4,179	-4,638	-6,240	-9,038	-10,062	-10,722
Other comprehensive income	-651	-412	-592	-487	-376	-395	-731	58.2	15	107
Shareholders' equity	1,332	1,925	2,071	2,261	2,698	2,817	1,749	310	100	309
Minority interests					0	26	18.4	12.2	4.9	0.8
Total equity	1,332	1,925	2,071	2,261	2,698	2,843	1,768	322	105	310
Total liabilities and equity	4,631	6,020	5,900	7,055	7,562	7,808	6,961	4,366	4,265	6,196
Shares outstanding	167	165	164	163	163	162	155	143	140	138

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	591	555	599	450	713	666	954	614	958	908
Depreciation and amortization	126	136	165	186	192	207	197	207	234	259
Stock-based compensation	30	31.8	38.5	42.7	47.6	55.7	56.5	54	47.9	54.2
Deferred income tax	2.9	-73.6	18.8	-27.4	25.5	33.1	-93.3	-29	-20.5	4.6
Change in receivables	-5.7	-45.5	-17.4	-70.3	1.8	-29.7	-57.7	-83	-117	-1.3
Change in payables	-2.6	28.5	58.1	151	24.3	-80.8	-21.2	46.5	-60.8	47.9
Cash from operations	578	744	934	956	1,068	1,156	1,059	1,061	1,144	1,436
Capital expenditures	-157	-184	-231	-217	-247	-268	-275	-230	-224	-244
Acquisitions	-67.7	-873	-138	-699	-276	-290	-449	-83.3
Purchases of investments	0	-0.3	0	0	-94.8	-23.6	-46	-2.2	-1
Cash from investing	493	-1,106	-265	-928	-596	-592	301	2,747	-125	-358
Debt issued	0	0	0	620	495	0	0	495	590	698
Debt repaid	0	0	0	-250	0
Stock issued	0	0	87.3	52.4	88	84.3	133	142	125	56.9
Share buybacks	-327	-276	-439	-300	-349	-475	-1,663	-2,762	-1,005	-624
Dividends paid		0	0	-164	-176	-188	-195	-197	-221	-251
Cash from financing	-1,064	363	-670	10.9	-445	-499	-1,330	-3,787	-1,029	795
Exchange rate effect	-9.7	6.7	-2	6.1	7	-3.3	-17.8	-10.7	-2.2	13.9
Net change in cash	-3.2	7.2	-2.8	45.1	280	61.5	12.4	10	-11.5	1,887
Free cash flow	421	560	703	740	821	887	784	831	920	1,192
Interest paid	117	114	125	120	134	129	134	111	132	150
Income taxes paid	289	186	103	140	157	175	325	276	288	218

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2026; growth uses fiscal years. Valuation uses the share price of $169.21 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	70.0%	Gross profit / revenue.
Operating margin	44.0%	Operating income / revenue.
EBITDA margin	52.5%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	38.1%	Pre-tax income / revenue.
Net margin	29.3%	Net income / revenue.
FCF margin	36.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	44.5%	Cash from operations / revenue.
Effective tax rate	23.1%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	19.8%	Net income / average total assets.
Return on invested capital (ROIC)	41.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	14.8%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	1.8%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	8.2%	Capital expenditures / revenue.
D&A / revenue	8.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	6.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	7.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	6.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	8.4%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	8.7%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	7.8%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	7.2%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-1.5%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	7.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	7.8%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-0.0%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	6.9%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-5.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-1.6%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	5.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-3.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	2.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	8.5%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	25.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	10.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	6.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	29.5%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	15.0%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	7.7%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	208.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-43.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-35.2%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	45.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-3.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-3.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.9%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-4.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-3.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.02x	Current assets / current liabilities.
Quick ratio	0.91x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.44x	(Cash + short-term investments) / current liabilities.
Debt / assets	91.7%	Total debt / total assets.
Liabilities / assets	125.4%	Total liabilities / total assets.
Net debt	$3.69B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	2.27x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	7.68x	Operating income / interest expense.
Working capital	$21.2M	Current assets - current liabilities.
Goodwill and intangibles / assets	47.7%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$3.36B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.67x	Revenue / average total assets.
Fixed asset turnover	5.37x	Revenue / average property, plant and equipment.
Receivables turnover	5.60x	Revenue / average receivables.
Days sales outstanding	65 days	365 x average receivables / revenue.
Days payables	78 days	365 x average accounts payable / cost of revenue.
FCF conversion	123.9%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	18.4%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$6.73	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$22.94	Revenue / diluted weighted shares.
FCF per share	$8.34	Free cash flow / diluted weighted shares.
Operating cash flow per share	$10.22	Cash from operations / diluted weighted shares.
Book value per share	-$8.91	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$25.64	Tangible book value / shares outstanding.
Cash per share	$4.00	(Cash + short-term investments) / shares outstanding.
Payout ratio	27.9%	Dividends paid / net income, when net income is positive.
Dividends / FCF	22.5%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	162.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$22.02B	Share price x shares outstanding.
Enterprise value	$25.72B	Market cap + total debt - cash - short-term investments.
P/E	24.2x	Market cap / net income. Only when net income is positive.
P/S	7.10x	Market cap / revenue.
P/FCF	19.5x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	15.9x	Market cap / cash from operations, when positive.
EV/Sales	8.29x	Enterprise value / revenue.
EV/EBIT	18.8x	Enterprise value / operating income, when both are positive.
EV/EBITDA	15.8x	Enterprise value / EBITDA, when both are positive.
EV/FCF	22.8x	Enterprise value / free cash flow, when both are positive.
FCF yield	5.1%	Free cash flow / market cap.
Earnings yield	4.1%	Net income / market cap (the inverse of P/E).
Dividend yield	1.2%	Dividends paid over the period / market cap.
Shareholder yield	9.4%	(Dividends paid + share buybacks) / market cap.
PEG	9.31x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Verisk Analytics, Inc.'s revenue in fiscal 2025?

Verisk Analytics, Inc. reported revenue of $3.07B for fiscal 2025, 6.6% higher than the year before.

Was Verisk Analytics, Inc. profitable in fiscal 2025?

Yes. Net income was $908.3M, a net margin of 29.6%.

How much free cash flow did Verisk Analytics, Inc. generate in fiscal 2025?

Cash from operations of $1.44B minus capital expenditures of $244.1M left free cash flow of $1.19B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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