Latest Ratios: P/E Ratio 20.7x · EV/EBITDA 9.3x · ROE 11.8%. (2006–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $15.8B | $22.1B | $19.2B | $15.6B | $13.6B | $21.9B | $19.4B | $16.2B | $11.0B | $8.6B | $5.9B |
| Enterprise Value | $19.8B | $26.2B | $25.9B | $22.0B | $20.5B | $27.6B | $26.0B | $23.6B | $19.1B | $10.5B | $8.3B |
| P/E Ratio → | 20.74 | 27.75 | 25.26 | 25.57 | 20.99 | 27.42 | 30.96 | 36.99 | 107.40 | 26.12 | 44.69 |
| P/S Ratio | 2.52 | 3.53 | 3.27 | 2.83 | 2.58 | 4.34 | 4.16 | 3.50 | 3.21 | 5.11 | 3.97 |
| P/B Ratio | 2.38 | 3.19 | 2.91 | 2.43 | 2.23 | 3.52 | 3.39 | 3.17 | 2.40 | 3.19 | 2.61 |
| P/FCF | 9.48 | 13.30 | 14.49 | 16.14 | 14.73 | 16.96 | 17.99 | 13.54 | 19.95 | 20.19 | 15.45 |
| P/OCF | 9.04 | 12.68 | 13.85 | 12.80 | 12.02 | 15.33 | 16.37 | 12.21 | 17.17 | 18.21 | 14.07 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.18 | 4.39 | 4.01 | 3.88 | 5.46 | 5.56 | 5.09 | 5.58 | 6.30 | 5.58 |
| EV / EBITDA | 9.27 | 12.24 | 12.77 | 11.73 | 11.31 | 14.43 | 15.17 | 13.95 | 20.14 | 16.63 | 15.99 |
| EV / EBIT | 13.81 | 18.70 | 19.05 | 16.52 | 17.27 | 22.18 | 25.30 | 25.04 | 47.09 | 26.96 | 28.17 |
| EV / FCF | — | 15.74 | 19.48 | 22.87 | 22.16 | 21.33 | 24.07 | 19.68 | 34.63 | 24.85 | 21.71 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.2% | 48.2% | 48.7% | 48.2% | 47.6% | 47.7% | 44.9% | 43.6% | 40.0% | 47.1% | 46.0% |
| Operating Margin | 22.9% | 22.9% | 22.8% | 22.0% | 21.6% | 24.6% | 21.1% | 19.7% | 12.5% | 23.7% | 19.5% |
| Net Profit Margin | 12.7% | 12.7% | 12.9% | 11.0% | 12.3% | 15.8% | 13.4% | 9.5% | 3.0% | 19.6% | 8.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.8% | 11.8% | 11.7% | 9.7% | 10.5% | 13.4% | 11.5% | 9.0% | 2.8% | 13.3% | 6.0% |
| ROA | 4.0% | 4.0% | 4.1% | 3.5% | 3.8% | 4.8% | 3.8% | 2.7% | 1.0% | 5.8% | 2.3% |
| ROIC | 8.9% | 8.9% | 7.7% | 7.0% | 6.9% | 7.7% | 6.0% | 5.5% | 3.7% | 6.4% | 4.8% |
| ROCE | 9.5% | 9.5% | 9.3% | 8.4% | 8.2% | 9.2% | 7.1% | 6.5% | 4.5% | 7.8% | 5.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.10 | 1.10 | 1.09 | 1.08 | 1.20 | 1.00 | 1.18 | 1.47 | 1.80 | 0.76 | 1.11 |
| Debt / EBITDA | 3.57 | 3.57 | 3.55 | 3.68 | 4.03 | 3.26 | 3.95 | 4.44 | 8.71 | 3.23 | 4.84 |
| Net Debt / Equity | — | 0.59 | 1.00 | 1.01 | 1.13 | 0.91 | 1.15 | 1.44 | 1.77 | 0.74 | 1.06 |
| Net Debt / EBITDA | 1.90 | 1.90 | 3.27 | 3.45 | 3.79 | 2.96 | 3.83 | 4.35 | 8.54 | 3.12 | 4.61 |
| Debt / FCF | — | 2.45 | 4.99 | 6.73 | 7.43 | 4.37 | 6.08 | 6.14 | 14.68 | 4.67 | 6.26 |
| Interest Coverage | 3.29 | 3.29 | 2.93 | 2.80 | 3.81 | 6.04 | 4.10 | 2.30 | 1.45 | 3.60 | 2.26 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.07 | 1.07 | 1.12 | 1.07 | 1.11 | 1.10 | 1.01 | 1.00 | 1.07 | 0.81 | 0.74 |
| Quick Ratio | 1.07 | 1.07 | 1.12 | 1.07 | 1.11 | 1.10 | 1.01 | 1.00 | 1.07 | 0.81 | 0.74 |
| Cash Ratio | 0.70 | 0.70 | 0.13 | 0.11 | 0.20 | 0.15 | 0.09 | 0.06 | 0.09 | 0.14 | 0.21 |
| Asset Turnover | — | 0.30 | 0.31 | 0.30 | 0.32 | 0.29 | 0.29 | 0.28 | 0.21 | 0.30 | 0.26 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 100.10 | 255.15 | 228.91 | 123.48 | 252.67 | 148.24 | 190.63 | 182.96 | 53.14 | 59.45 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.5% | 1.1% | 1.3% | 1.4% | 1.5% | 0.8% | 0.7% | 0.7% | 0.6% | 0.6% | 0.9% |
| Payout Ratio | 31.8% | 31.8% | 32.2% | 36.4% | 31.2% | 21.8% | 21.8% | 24.6% | 68.7% | 16.5% | 38.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.8% | 3.6% | 4.0% | 3.9% | 4.8% | 3.6% | 3.2% | 2.7% | 0.9% | 3.8% | 2.2% |
| FCF Yield | 10.5% | 7.5% | 6.9% | 6.2% | 6.8% | 5.9% | 5.6% | 7.4% | 5.0% | 5.0% | 6.5% |
| Buyback Yield | 6.6% | 4.7% | 3.8% | 3.0% | 3.5% | 2.2% | 1.2% | 0.4% | 0.0% | 0.1% | 0.0% |
| Total Shareholder Yield | 8.1% | 5.8% | 5.1% | 4.5% | 5.0% | 3.0% | 1.9% | 1.0% | 0.6% | 0.7% | 0.9% |
| Shares Outstanding | — | $253M | $254M | $255M | $262M | $267M | $267M | $264M | $244M | $212M | $206M |
High Acquisition Leverage
Based on current market data, SS&C trades at a forward P/E of 9.20, which appears to discount the company's historical acquisition-driven growth trajectory compared to broader software peers, suggesting investors remain cautious regarding the sustainability of organic expansion within the firm's core financial services and healthcare segments.
The valuation gap between the TTM P/E of 20.21 and the forward multiple suggests that the market anticipates a significant compression in earnings growth or is pricing in the risks associated with the company's high debt load. This forward-looking discount warrants further investigation into whether the market is underestimating the durability of SS&C's recurring revenue streams or correctly identifying a structural slowdown in the firm's ability to execute accretive M&A.
As reported in recent financial statements, SS&C's ROIC has remained suppressed in the 2% to 3% range, a trend that reflects the heavy burden of intangible assets and goodwill accumulated through an aggressive, multi-year acquisition strategy that continues to weigh on overall capital efficiency metrics.
The persistent low ROIC suggests that while the company successfully generates cash, the massive capital base required to support its business model limits the compounding effect of its returns. Investors should monitor whether management can improve these returns through organic growth initiatives or if the reliance on inorganic expansion will continue to dilute the efficiency of invested capital.
According to quarterly filings, SS&C's DSO has fluctuated significantly, reaching as high as 287 days in 2025Q1, which indicates potential challenges in managing customer payment cycles and suggests that the firm's service-heavy revenue model may be subject to longer collection periods than pure-play software competitors.
The variability in DSO highlights the operational complexity of integrating diverse service-based revenue streams across different business units. This trend warrants further investigation into whether these extended cycles are structural features of the firm's client contracts or indicative of temporary friction in the billing and collection processes following recent acquisitions.
Based on an analysis of the firm's financial structure, the P/E ratio is the most commonly misapplied metric for SS&C, as it fails to account for the massive non-cash amortization of intangible assets that artificially depresses reported net income and obscures the company's true cash-generative capacity.
Investors should prioritize Free Cash Flow (FCF) multiples over P/E ratios to better assess the company's ability to service its debt and fund future growth. Relying on GAAP earnings in this context may lead to an overly pessimistic view of the firm's valuation, as the amortization charges do not reflect the actual economic cost of maintaining the company's proprietary software platforms.
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Quick answers to the most common questions about buying SSNC stock.
SS&C Technologies Holdings, Inc.'s current P/E ratio is 20.7x. The historical average is 44.3x.
SS&C Technologies Holdings, Inc.'s current EV/EBITDA is 9.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.4x.
SS&C Technologies Holdings, Inc.'s return on equity (ROE) is 11.8%. The historical average is 7.2%.
Based on historical data, SS&C Technologies Holdings, Inc. is trading at a P/E of 20.7x. Compare with industry peers and growth rates for a complete picture.
SS&C Technologies Holdings, Inc.'s current dividend yield is 1.54% with a payout ratio of 31.8%.
SS&C Technologies Holdings, Inc. has 48.2% gross margin and 22.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
SS&C Technologies Holdings, Inc.'s Debt/EBITDA ratio is 3.6x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.