Verisk Analytics Inc.
VRSKFinancial Snapshot
ticker: VRSK step: 04 generated: 2026-05-12 source: quick-research
Verisk Analytics Inc. (VRSK) — Financial Snapshot
Income Statement Summary
| Metric | FY2022 | FY2023 | FY2024 | YoY |
|---|---|---|---|---|
| Revenue | $2.50B | $2.68B | $2.88B | +7.5% |
| Gross Margin | ~67% | ~68% | ~69% | +1pp |
| Operating Margin | ~40% | ~42% | ~43% | +1pp |
| Net Income | ~$0.77B | ~$0.88B | ~$0.95B | +8% |
| EPS (diluted) | ~$5.13 | ~$6.09 | ~$6.87 | +13% |
FY2025: Revenue $3.07B (+6.6%); gross margin ~69.9%; operating margin ~43.7%; Adj. EBITDA margin ~55%; FCF $1.2B (+30%). EPS growth ~10–12% on continued share buybacks. FY2022–FY2023 reflect the transition year as Wood Mackenzie/financial services segments were divested, leaving pure insurance analytics.
Cash Flow & Balance Sheet (FY2025)
| Metric | Value |
|---|---|
| Operating Cash Flow | ~$1.4B |
| Free Cash Flow | $1.2B (+30% YoY) |
| FCF Margin | ~39% |
| Cash & Equivalents | ~$0.3B |
| Total Debt | ~$3.5B |
| Net Debt / Adj. EBITDA | ~2.0x |
Key Ratios (approximate, FY2025)
- P/E: ~35–40x | EV/EBITDA: ~28–30x | FCF Yield: ~3.0–3.5%
- Revenue Growth: +6.6% OCC | Adj. EBITDA Margin: ~55% | FCF Conversion: ~80% of Adj. EBITDA
- Subscription Revenue: ~81% of total | Net Revenue Retention: >100%
Growth Profile
Verisk is a compounding, wide-moat business with consistent mid-to-high single digit organic revenue growth driven by: (1) annual price increases on subscription contracts (typically 4–6% per year on the core ISO/underwriting products); (2) volume growth as insurance policy counts and claims grow with the economy; and (3) new product adoption (AI-powered claims tools, aerial imagery, advanced analytics). The Adj. EBITDA margin has expanded ~100–150 bps per year as the company scales its high fixed-cost platform. Following the divestiture of lower-margin segments, the pure-play insurance analytics profile is cleaner and more predictable than ever.
Forward Estimates
- FY2026: Organic constant currency revenue growth 6–8% (management 3-year guidance); Adj. EBITDA margin targeting 56–57%; FCF ~$1.3–1.4B; EPS $7.80–8.20
- 3-Year Target: 6–8% OCC revenue growth + 100 bps margin expansion per year + ~3–4% share count reduction = ~12–15% EPS CAGR
- Capital Return: ~$1.2–1.5B annual buybacks + $0.40/share quarterly dividend (~0.7% yield)
Deeper Financial Analysis
The fundamental tier adds 9 additional research dimensions for $VRSK.