SSNC SS&C Technologies Holdings Inc

Overview and Growth

Fiscal 2025 results for SS&C Technologies Holdings Inc combined $6.27B of revenue with net income of $796.90M and an operating cash inflow of $1.74B. The $6.27B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 6.6% from $5.88B in fiscal 2024, increasing the company’s operating scale. On a per-share basis, diluted EPS was $3.15, which connects the reported earnings outcome with the company’s diluted share count. The per-share result recorded a 5.0% increase from fiscal 2024 diluted EPS of $3.00. The revenue-to-assets relationship was 0.3x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $3.02B as gross profit before recognizing operating expenses and other items. Gross margin was 48.2%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced $1.44B of income after the reported operating expense base, before the remaining non-operating and tax effects. Operating margin measured 22.9%, showing the portion of revenue preserved after the full set of operating costs. After all reported below-operating-line items, the company recorded net income of $796.90M for the fiscal year. Measured against reported revenue, net income produced a 12.7% margin after operating costs and the remaining recognized items. Pretax income was $974.80M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 15.5% of revenue, placing earnings before tax in the context of the company’s operating scale. Income tax expense totaled $176.10M, providing the reported tax component that separates pretax and after-tax earnings. The effective relationship between income tax and positive pretax income was 18.1%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

The company held $20.71B of assets against $13.77B of liabilities and $6.94B of equity, revealing how the asset base was financed. At period end, current assets of $5.49B compared with current liabilities of $5.11B, defining the company’s short-term resource position. The current ratio was 1.07x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $462.10M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 9.0%, excluding receivables and other current assets. The company carried $7.43B of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 1.07x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 35.9%, comparing borrowing with the total asset balance. The liabilities-to-assets relationship was 66.5%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 2.2%, comparing reported cash and equivalents with the full positive asset balance.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $1.74B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 2.19x, showing the relationship between accrual earnings and operating cash. The cash-flow statement records $80.80M of capital expenditures, the investment amount considered after operating cash generation. Capital spending absorbed 4.6% of operating cash flow, quantifying the share of cash from operations directed to investment. The combination of operating cash flow and capital spending produced $1.66B of positive free cash flow for the period. Free cash flow represented 26.5% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 8.0%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.