Verisk Analytics
VRSK · NasdaqServices-Computer Processing & Data Preparation · Fiscal year ends Dec 31
Verisk Analytics reported revenue of $3.1B in the fiscal year ended Dec 2025, up 6.6% from the year before. Operating income was $1.3B, an operating margin of 43.7%, and net income was $908M. Operating cash flow of $1.4B less capital expenditure of $244M left free cash flow of $1.2B. Net debt was $4.1B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $2.7B | $2.9B | $3.1B |
| Cost of revenue | $854M | $825M | $877M | $901M | $926M |
| Gross profit | $1.6B | $1.7B | $1.8B | $2B | $2.1B |
| Research & development | $47M | $43M | $37M | $35M | $41M |
| Selling, general & admin | $313M | $382M | $392M | $409M | $458M |
| Operating income | $911M | $1.4B | $1.1B | $1.3B | $1.3B |
| Interest expense | $127M | $139M | $116M | $125M | $171M |
| Pre-tax income | $787M | $1.3B | $1B | $1.2B | $1.2B |
| Income tax | $179M | $220M | $259M | $278M | $263M |
| Net income | $666M | $954M | $615M | $958M | $908M |
| Diluted EPS | 4.08 | 6.00 | 4.17 | 6.71 | 6.48 |
| Diluted shares | 163M | 159M | 147M | 143M | 140M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $112M | $113M | $303M | $291M | $2.2B |
| Receivables | $300M | $290M | $334M | $434M | $422M |
| Current assets | $907M | $925M | $810M | $912M | $2.8B |
| Net PP&E | $531M | $542M | $605M | – | – |
| Goodwill | $2B | $1.7B | $1.8B | $1.7B | $1.9B |
| Total assets | $7.8B | $7B | $4.4B | $4.3B | $6.2B |
| Deferred revenue | $348M | $322M | $375M | $447M | $444M |
| Current liabilities | $1.8B | $2.3B | $771M | $1.2B | $2.3B |
| Short-term debt | $971M | $1.4B | $15M | $514M | $1.5B |
| Long-term debt | $3.3B | $3.7B | $2.9B | $3.1B | $4.8B |
| Total liabilities | $5B | $5.2B | $4B | $4.2B | $5.9B |
| Shareholders' equity | $2.8B | $1.7B | $310M | $100M | $309M |
| Backlog (remaining obligations) | $349M | $322M | $375M | $451M | $446M |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $1.2B | $1.1B | $1.1B | $1.1B | $1.4B |
| Capital expenditure | $268M | $275M | $230M | $224M | $244M |
| Free cash flow | $887M | $784M | $831M | $920M | $1.2B |
| Depreciation & amortisation | $207M | $197M | $207M | $234M | $259M |
| Stock-based compensation | $56M | $57M | $54M | $48M | $54M |
| Acquisitions | $290M | $449M | $83M | – | – |
| Share buybacks | $475M | $1.7B | $2.8B | $1B | $624M |
| Dividends paid | $188M | $195M | $197M | $221M | $251M |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 1.4% | 7.4% | 7.5% | 6.6% |
| Operating income growth (YoY) | – | 54.3% | −19.5% | 10.8% | 7.2% |
| EPS growth (YoY) | – | 47.1% | −30.5% | 60.9% | −3.4% |
| Gross margin | 65.3% | 67.0% | 67.3% | 68.7% | 69.9% |
| Operating margin | 37.0% | 56.3% | 42.2% | 43.5% | 43.7% |
| Net margin | 27.1% | 38.2% | 22.9% | 33.3% | 29.6% |
| Return on equityBlank when equity is negative | 23.7% | 54.5% | 198.3% | 957.2% | 293.9% |
| ROCEEBIT ÷ (assets − current liabilities) | 15.3% | 30.3% | 31.5% | 41.4% | 34.5% |
| Free cash flow margin | 36.0% | 31.4% | 31.0% | 31.9% | 38.8% |
| Cash conversion (CFO ÷ net income) | 1.73x | 1.11x | 1.73x | 1.19x | 1.58x |
| Receivable days | 44 | 42 | 45 | 55 | 50 |
| Interest cover | 7.18x | 10.1x | 9.80x | 10.1x | 7.86x |
| Debt ÷ equity | 1.52x | 2.94x | 9.35x | 36.0x | 20.3x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $4.2B | $5B | $2.6B | $3.3B | $4.1B |
| Current ratio | 0.49x | 0.40x | 1.05x | 0.74x | 1.20x |
Recent filings
More in Services-Computer Processing & Data Preparation
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.