Is the business good?
How good a business is SSNC?
SS&C Technologies Holdings, Inc. earns 8.4% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
8.4%
Return on invested capital · cost of capital 9.0% · 0.58 points below what the capital costs: growth destroys value
- Operating margin
- 23%
Operating margin · Software - Application median 8.2% · 12 months to Q1 2026
- Cash conversion
- 2.10×
Cash conversion · 1.73× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −2.9%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 21% |
| FY2021 | 25% |
| FY2022 | 22% |
| FY2023 | 22% |
| FY2024 | 23% |
| FY2025 | 23% |
Details›
- Gross margin12 months to Q1 2026
- 48%
- Operating margin12 months to Q1 2026
- 23%
- Net margin12 months to Q1 2026
- 13%
- Free cash flow margin
- 27%
- R&D as % of revenue
- 8.0%
- Revenue, trailing twelve months
- $6.41B
- Free cash flow, trailing twelve months
- $1.70B
- Net income, trailing twelve months
- $810M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 8.4%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Application
Ranks #22 of 90 by Smart Score