SS&C Technologies SSNC
SS&C Technologies scores average on business quality (4.6 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What SS&C Technologies does
SS&C Technologies provides software and software-enabled services to financial firms, charging maintenance and processing fees for fund administration, portfolio management, and trading. Asset managers and institutional investors pay these recurring fees to automate complex back-office accounting operations. The company expands its product footprint through targeted platform integrations across its financial services software suite.
- What it does best
SS&C dominates financial software integration through a sticky suite built on decades of proprietary domain architecture. With a gross margin of 48.1%, it extracts strong margins by embedding its systems deep into daily asset management workflows, creating high migration hurdles that keep customer churn exceptionally low.
- The main risk
A debt-to-equity ratio of 1.1 alongside interest coverage of 3.6x leaves the balance sheet vulnerable to unexpected rate shocks or cash flow interruptions. Servicing $7.4 billion of total debt consumes a meaningful slice of operating cash flow, limiting financial flexibility during downturns.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 23.6% with free cash flow margin sitting in the 57th sector percentile. Profitability remains stable, scaling efficiently as software revenue expands.
Deep operational integration locks in asset managers and financial institutions, backed by a gross margin in the 32nd sector percentile and high switching costs that protect core software revenues.
Revenue grew at 6.6% to reach $6.6 billion, continuing a steady multi-year expansion visible across annual history summaries where top-line figures rose from $5.0 billion.
Total debt sits at $7.4 billion against an interest coverage of 3.6x, leaving the balance sheet strained. Free cash flow reached $1.5 billion, getting softer as debt servicing costs weigh on capital flexibility.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on SSNC
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
SS&C Technologies scores average on the Cluenex quality check (4.6 of 10), measured against its own industry. Profitability is fair, moat fair, growth slow and financial health weak.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 22, 2026.
See SSNC today
- Today's verdict on SSNC, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “SS&C Technologies (SSNC)”, https://cluenex.com/stocks/ssnc/, data as of Oct 10, 2026.