VRSKVerisk Analytics, Inc.

Services-Computer Processing & Data Preparation

Revenue: $3.1B; 6.6% YoY
Operating margin: 43.7%; 0.5% YoY
EBITDA: $1.6B; 7.8% YoY
Market cap: $25.7B
Employees: 8,000; $384K revenue each
Net debt / EBITDA: 2.5×; $4.0B net debt
AI in 10-K: 3.8; mentions per 10K words

Takeover score 1 of 13

Fixable underperformance 1 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
158% of net income
Cash flow under 80% of net income
Dilutive SBCNo
2% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
61% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyYes
41% of assets
Over 40% of assets
Shareholder dissentNo
96% lowest support
Any vote under 80% support

Buyer economics 0 of 4

Low revenue per employeeNo
$384K · 39th pct
Bottom quartile of its SIC industry
Quiet on AINo
3.8 per 10K words · 77th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
2.5× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$25.7B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$7M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$2.5B	$2.5B	$2.7B	$2.9B	$3.1B	6.6%
Operating income	$911M	$1.4B	$1.1B	$1.3B	$1.3B	7.2%
Net income	$666M	$954M	$615M	$958M	$908M	5.2%
Operating cash flow	$1.2B	$1.1B	$1.1B	$1.1B	$1.4B	26%
Capex	$268M	$275M	$230M	$224M	$244M	9.0%
Stock-based comp	$56M	$57M	$54M	$48M	$54M	13%
Buybacks	$475M	$1.7B	$2.8B	$1.0B	$624M	38%
Dividends	$188M	$195M	$197M	$221M	$251M	13%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $449K · 3
Open-market sells, 12 mo: $7M · 21
Net: −$7M

Pay vs performance

No pay-versus-performance disclosure yet.