A Business at a Glance
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SS&C Technologies Holdings Inc
SSNC
$18.7B
Mkt Cap
$73.88
+10.35%
SS&C Technologies Holdings Inc (SSNC) has a current P/E ratio of 23.5, compared to its historical median P/E of 27.3. The stock is currently considered Fair based on its historical valuation range.
SS&C Technologies Holdings Inc (SSNC) has a 5-year average return on invested capital (ROIC) of 7.9%. This is below average and may indicate limited pricing power.
SS&C Technologies Holdings Inc (SSNC) has a market capitalization of $17.8B. It is classified as a large-cap stock.
Yes, SS&C Technologies Holdings Inc (SSNC) pays a dividend with a trailing twelve-month yield of 1.45%. The company also returns capital through share buybacks, with a buyback yield of 5.60%.
Based on historical P/E analysis, SS&C Technologies Holdings Inc (SSNC) appears fair. The current P/E of 23.5 is 14% below its historical median of 27.3. The estimated fair value CAGR (P/E method) is 14.8%.
SS&C Technologies Holdings Inc (SSNC) operates in the Services-Prepackaged Software industry, within the Technology sector.
SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) is the world’s leading hedge fund and private equity administrator, as well as mutual fund transfer agent. SS&C’s unique business model combines end-to-end expertise across financial services operations with software and solutions to deliver value to customers of any size, scale, or complexity in the financial services and healthcare industries. SS&C owns and operates the full technology stack across securities accounting, front-to-back-office operations, performance and risk analytics, regulatory reporting and healthcare information processes. SS&C’s trusted and proven technology delivers an unparalleled level of scalable capabilities for the most complex portfolios, the most sophisticated strategies, and the highest volumes of transactions.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Cost of software-enabled services | — | — | $4.49B | $4.84B | $5.21B | 71% |
License, Maintenance and Other Related | $795M | $1.01B | $1.01B | $1.04B | $1.06B | 14% |
Maintenance and Term Licenses | $671M | $875M | $874M | $892M | $913M | 12% |
Professional Services | $101M | $110M | $110M | $97M | $104M | 1% |
Perpetual Licenses | $22M | $24M | $31M | $53M | $45M | 1% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 6.4B | 6.3B | 5.9B | 5.5B | 5.3B | 5.1B |
| Net Income | 810M | 797M | 761M | 607M | 650M | 800M |
| EPS | $3.34 | $3.15 | $3.00 | $2.39 | $2.48 | $2.99 |
| Free Cash Flow | 1.7B | 1.7B | 1.3B | 1.2B | 1.1B | 1.4B |
| ROIC | 8.5% | 8.7% | 8.9% | 6.7% | 6.9% | 8.1% |
| Gross Margin | 48.0% | 48.2% | 48.7% | 48.2% | 47.6% | 47.7% |
| Debt/Equity | 1.09 | 1.11 | 1.10 | 1.09 | 1.21 | 1.01 |
| Dividends/Share | $1.07 | $1.04 | $0.98 | $0.88 | $0.80 | $0.68 |
| Operating Income | 1.5B | 1.4B | 1.3B | 1.2B | 1.1B | 1.2B |
| Operating Margin | 23.1% | 22.9% | 22.8% | 22.0% | 21.6% | 24.6% |
| ROE | 11.8% | 11.9% | 11.8% | 9.8% | 10.7% | 13.5% |
| Shares Outstanding | 241M | 253M | 254M | 254M | 262M | 268M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 768M | 1.0B | 1.5B | 1.7B | 3.4B | 4.6B | 4.7B | 5.1B | 5.3B | 5.5B | 5.9B | 6.3B | 6.4B |
| Gross Margin | 46.5% | 46.8% | 46.0% | 47.1% | 40.0% | 43.6% | 44.9% | 47.7% | 47.6% | 48.2% | 48.7% | 48.2% | 48.0% |
| R&D | 57M | 110M | 153M | 153M | 318M | 384M | 399M | 415M | 447M | 474M | 518M | 507M | 513M |
| SG&A | 51M | 98M | 123M | 120M | 314M | 369M | 352M | 358M | 425M | 418M | 418M | 452M | 462M |
| EBIT | 200M | 165M | 289M | 397M | 429M | 914M | 986M | 1.2B | 1.1B | 1.2B | 1.3B | 1.4B | 1.5B |
| Op. Margin | 26.1% | 16.5% | 19.5% | 23.7% | 12.5% | 19.7% | 21.1% | 24.6% | 21.6% | 22.0% | 22.8% | 22.9% | 23.1% |
| Net Income | 131M | 43M | 131M | 329M | 103M | 439M | 625M | 800M | 650M | 607M | 761M | 797M | 810M |
| Net Margin | 17.1% | 4.3% | 8.8% | 19.6% | 3.0% | 9.5% | 13.4% | 15.8% | 12.3% | 11.0% | 12.9% | 12.7% | 12.6% |
| Non-Recurring | -687K | -336K | -100K | -900K | -300K | -2.6M | -4.6M | -1.0M | -600K | -12M | -1.6M | -35M | -35M |
| Returns on Capital | |||||||||||||
| ROIC | 7.8% | 3.7% | 5.1% | 8.5% | 4.1% | 6.0% | 6.5% | 8.1% | 6.9% | 6.7% | 8.9% | 8.7% | 8.5% |
| ROE | 10.2% | 2.5% | 6.0% | 13.3% | 2.8% | 9.0% | 11.5% | 13.5% | 10.7% | 9.8% | 11.8% | 11.9% | 11.8% |
| ROA | 5.8% | 1.1% | 2.3% | 5.8% | 1.0% | 2.7% | 3.8% | 4.8% | 3.8% | 3.5% | 4.1% | 4.0% | 4.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 253M | 231M | 418M | 472M | 640M | 1.3B | 1.2B | 1.4B | 1.1B | 1.2B | 1.4B | 1.7B | 1.8B |
| Free Cash Flow | 237M | 217M | 391M | 436M | 607M | 1.3B | 1.1B | 1.4B | 1.1B | 1.2B | 1.3B | 1.7B | 1.7B |
| Owner Earnings | 141M | 36M | 139M | 193M | 25M | 481M | 372M | 648M | 338M | 385M | 505M | 783M | 792M |
| CapEx | 15M | 14M | 28M | 36M | 34M | 63M | 35M | 51M | 63M | 57M | 61M | 81M | 74M |
| Maint. CapEx | 100M | 151M | 229M | 237M | 519M | 775M | 725M | 667M | 672M | 670M | 680M | 704M | 714M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 100M | 151M | 229M | 237M | 519M | 775M | 725M | 667M | 672M | 670M | 680M | 704M | 714M |
| CapEx/OCF | 6.0% | 5.9% | 6.7% | 7.5% | 5.2% | 4.7% | 2.9% | 3.6% | 5.6% | 4.7% | 4.4% | 4.6% | 4.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 10M | 45M | 50M | 54M | 71M | 108M | 136M | 174M | 203M | 221M | 245M | 254M | 258M |
| Dividend Yield | 0.3% | 0.4% | 0.9% | 0.8% | 0.6% | 0.8% | 0.9% | 1.0% | 1.3% | 1.6% | 1.5% | 1.2% | 1.4% |
| Share Buybacks | 11M | 0 | 15K | 0 | 0 | 60M | 228M | 488M | 476M | 472M | 738M | 1.0B | 997M |
| Buyback Yield | 0.2% | N/A | 0.0% | N/A | N/A | 0.4% | 1.3% | 2.3% | 3.7% | 3.1% | 3.9% | 4.6% | 5.6% |
| Stock-Based Comp | 11M | 44M | 51M | 42M | 97M | 72M | 88M | 114M | 125M | 160M | 203M | 258M | 267M |
| Debt Repayment | 212M | 903M | 384M | 513M | 3.1B | 3.4B | 1.0B | 890M | 600M | 750M | 5.3B | 765M | 765M |
| Balance Sheet | |||||||||||||
| Net Debt | 510M | 2.3B | 2.4B | 2.0B | 8.1B | 7.3B | 6.6B | 5.7B | 6.9B | 6.5B | 6.6B | 7.2B | 7.0B |
| Cash & Equiv. | 110M | 434M | 118M | 64M | 167M | 153M | 209M | 564M | 440M | 432M | 567M | 462M | 421M |
| Long-Term Debt | 599M | 2.7B | 2.4B | 2.0B | 8.2B | 7.1B | 6.4B | 5.9B | 7.0B | 6.7B | 7.0B | 7.4B | 7.3B |
| Debt/Equity | 0.46 | 1.31 | 1.11 | 0.76 | 1.80 | 1.47 | 1.18 | 1.01 | 1.21 | 1.09 | 1.10 | 1.11 | 1.09 |
| Interest Coverage | 7.4 | 2.1 | 2.2 | 3.7 | 1.5 | 2.2 | 3.9 | 6.0 | 3.7 | 2.5 | 2.9 | 3.3 | 3.4 |
| Equity | 1.3B | 2.1B | 2.3B | 2.7B | 4.6B | 5.1B | 5.7B | 6.2B | 6.0B | 6.3B | 6.5B | 6.9B | 6.8B |
| Total Assets | 2.3B | 5.8B | 5.7B | 5.5B | 16.1B | 16.7B | 15.9B | 17.3B | 16.7B | 18.1B | 19.0B | 20.7B | 20.3B |
| Total Liabilities | 919M | 3.7B | 3.4B | 2.9B | 11.5B | 11.6B | 10.2B | 11.1B | 10.6B | 11.7B | 12.4B | 13.8B | 13.4B |
| Intangibles | 388M | 1.5B | 1.5B | 1.3B | 5.0B | 4.4B | 3.9B | 3.4B | 3.7B | 3.3B | 3.1B | 3.2B | 3.2B |
| Retained Earnings | 414M | 411M | 492M | 767M | 847M | 1.2B | 1.7B | 2.3B | 2.7B | 3.1B | 3.6B | 4.2B | 4.3B |
| Working Capital | 44M | 258M | -146M | -84M | 126M | 9.7M | 15M | 401M | 234M | 280M | 508M | 376M | 468M |
| Current Assets | 235M | 675M | 415M | 359M | 2.0B | 2.8B | 2.3B | 4.3B | 2.4B | 4.1B | 4.9B | 5.5B | 5.3B |
| Current Liabilities | 192M | 417M | 561M | 444M | 1.9B | 2.8B | 2.3B | 3.9B | 2.2B | 3.8B | 4.4B | 5.1B | 4.9B |
| Per Share Data | |||||||||||||
| EPS | 0.80 | 0.11 | 0.64 | 1.55 | 0.42 | 1.66 | 2.35 | 2.99 | 2.48 | 2.39 | 3.00 | 3.15 | 3.34 |
| Owner EPS | 0.87 | 0.09 | 0.68 | 0.91 | 0.10 | 1.82 | 1.40 | 2.42 | 1.29 | 1.52 | 1.99 | 3.10 | 3.29 |
| Book Value | 8.26 | 5.40 | 11.03 | 12.66 | 18.64 | 19.37 | 21.49 | 23.04 | 23.05 | 24.96 | 25.78 | 27.23 | 28.42 |
| Cash Flow/Share | 1.55 | 0.59 | 2.04 | 2.22 | 2.61 | 5.03 | 4.45 | 5.34 | 4.33 | 4.78 | 5.48 | 6.90 | 6.33 |
| Dividends/Share | 0.06 | 0.13 | 0.25 | 0.27 | 0.30 | 0.43 | 0.53 | 0.68 | 0.80 | 0.88 | 0.98 | 1.04 | 1.07 |
| Shares Out. | 163.0M | 389.7M | 204.7M | 212.2M | 245.7M | 264.2M | 266.0M | 267.6M | 262.2M | 254.0M | 253.5M | 253.0M | 240.8M |
| Valuation | |||||||||||||
| P/E Ratio | 34.4 | 139.0 | 40.8 | 23.8 | 98.2 | 34.3 | 28.8 | 26.2 | 19.5 | 24.9 | 25.0 | 28.3 | 22.1 |
| P/FCF | 17.7 | 54.9 | 13.7 | 17.9 | 16.7 | 11.9 | 15.6 | 15.2 | 11.9 | 13.0 | 14.3 | 13.6 | 10.5 |
| EV/EBIT | 24.6 | 47.8 | 26.8 | 24.6 | 42.3 | 24.0 | 24.4 | 20.8 | 16.6 | 17.4 | 18.5 | 20.3 | 16.8 |
| Price/Book | 3.3 | 2.8 | 2.4 | 2.9 | 2.2 | 2.9 | 3.1 | 3.4 | 2.1 | 2.4 | 2.9 | 3.3 | 2.6 |
| Price/Sales | 4.8 | 5.7 | 3.8 | 4.3 | 3.4 | 2.9 | 3.1 | 3.6 | 3.0 | 2.5 | 2.8 | 3.3 | 2.8 |
| FCF Yield | 5.3% | 3.6% | 7.3% | 5.6% | 6.0% | 8.4% | 6.4% | 6.6% | 8.4% | 7.7% | 7.0% | 7.4% | 9.5% |
| Market Cap | 4.5B | 6.0B | 5.3B | 7.8B | 10.1B | 15.1B | 18.0B | 20.9B | 12.7B | 15.1B | 19.0B | 22.6B | 17.8B |
| Avg. Price | 19.58 | 29.05 | 27.85 | 34.12 | 46.75 | 51.31 | 55.24 | 68.40 | 59.70 | 54.34 | 65.94 | 82.38 | 73.88 |
| Year-End Price | 25.78 | 30.59 | 26.13 | 36.83 | 41.25 | 56.99 | 67.64 | 78.27 | 48.43 | 59.48 | 74.92 | 89.30 | 73.88 |
SS&C Technologies Holdings Inc passes 4 of 9 quality checks, suggesting mixed fundamentals.
SS&C Technologies Holdings Inc trades at 23.5x trailing earnings, compared to its 15-year median P/E of 27.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 10.7x vs a median of 14.0x. The company's 5-year average ROIC is 7.9% with a gross margin of 48.1%. Total shareholder yield (dividends + buybacks) is 7.1%. At current prices, the estimated annualized return to fair value is +6.4%.
SS&C Technologies Holdings Inc (SSNC) reported annual revenue of $6.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
SS&C Technologies Holdings Inc (SSNC) has a net profit margin of 12.7%. This is a healthy margin.
SS&C Technologies Holdings Inc (SSNC) generated $1.7 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SS&C Technologies Holdings Inc (SSNC) has a debt-to-equity ratio of 1.11. This indicates moderate leverage.
SS&C Technologies Holdings Inc (SSNC) reported earnings per share (EPS) of $3.15 in its most recent fiscal year.
SS&C Technologies Holdings Inc (SSNC) has a return on equity (ROE) of 11.9%. This indicates moderate shareholder returns.
SS&C Technologies Holdings Inc (SSNC) has a 5-year average gross margin of 48.1%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for SS&C Technologies Holdings Inc (SSNC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SS&C Technologies Holdings Inc (SSNC) has a book value per share of $27.23, based on its most recent annual SEC filing.