BRO Brown & Brown, Inc. Common Stock

NYSE · Insurance · View on SEC EDGAR ↗

$62.49

Price · Jun 26, 2026

Fundamentals as of Apr 27, 2026

BRO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$62.49

Market Cap

$26.78B

P/E (TTM)

25.2

EPS (TTM)

$3.16

Revenue (TTM)

$5.90B

Div Yield

0.72%

ROE

8.7%

Debt/Equity

0.6

52W Range

$54 – $111

BRO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $5.90B

2022-12-31 → 2025-12-31

EPS $3.16

2022-12-31 → 2025-12-31

Free Cash Flow $1.38B

2022-12-31 → 2025-12-31

Margins 17.9%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

BRO

Peer Median

P/E (TTM)

25.2

38.8

P/S (TTM)

4.5

3.5

P/B

2.1

5.3

Price / FCF

19.4

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

BRO

Peer Median

Net Profit Margin

17.9%

6.7%

ROA

4.4%

3.3%

ROE

8.7%

10.2%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

BRO

Peer Median

Debt / Equity

0.6

210.3

Current Ratio

1.0

1.1

Quick Ratio

0.1

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

BRO

Peer Median

Revenue YoY

22.8%

—

Revenue CAGR 3Y

18.2%

—

Revenue CAGR 5Y

17.7%

—

EPS YoY

-8.7%

—

Net Income YoY

6.1%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

BRO

Peer Median

EPS (Diluted)

$3.16

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

BRO

Peer Median

Payout Ratio

18.3%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

0.72%

Payout Ratio

18.3%

5Y Div CAGR

—

Ex-date	Amount
May 11, 2026	$0.1650
Feb. 4, 2026	$0.1650
Nov. 5, 2025	$0.1650
Aug. 13, 2025	$0.1500
May 12, 2025	$0.1500
Feb. 5, 2025	$0.1500
Nov. 6, 2024	$0.1500
Aug. 7, 2024	$0.1300
May 3, 2024	$0.1300
Feb. 1, 2024	$0.1300
Oct. 31, 2023	$0.1300
Aug. 8, 2023	$0.1150
May 5, 2023	$0.1150
Feb. 2, 2023	$0.1150
Nov. 1, 2022	$0.1150
Aug. 9, 2022	$0.1030
May 6, 2022	$0.1030
Feb. 3, 2022	$0.1030
Nov. 2, 2021	$0.1030
Aug. 10, 2021	$0.0930

BRO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

HOLD 26 analysts

Strong Buy 2 7.7%
Buy 6 23.1%
Hold 18 69.2%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

16 analysts · 2026-06-28

Median $70.00

Now $62.49

Low $60.00

High $90.00

Median target $70.00 +12.0%

Mean target $71.81 +14.9%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.03%

Next Report

Jul 27, 2026

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$1.39	$1.38	0.01%
Dec. 31, 2025	$0.93	$0.91	0.02%
Sept. 30, 2025	$1.05	$0.95	0.10%
June 30, 2025	$1.03	$1.00	0.03%
March 31, 2025	$1.29	$1.32	-0.03%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
BRO	$26.78B	25.2	22.8%	17.9%	8.7%	—
MRSH	$89.98B	22.0	10.3%	15.4%	28.1%	—
AJG	$66.51B	45.1	20.7%	10.7%	6.9%	—
RYAN	—	—	21.3%	2.1%	9.9%	—
HGTY	—	—	17.3%	10.2%	80.3%	—
BWIN	—	-48.1	8.3%	-2.2%	-5.7%	—
GSHD	—	70.8	16.2%	7.6%	-107.8%	—
TWFG	—	54.3	22.0%	—	—	—
LIFE	—	—	52.0%	18.4%	-108.4%	—
ABX	$833M	23.8	110.2%	15.5%	8.8%	87.7%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 10

Annual Income Statement data for BRO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$5.90B	$4.80B	$4.26B	$3.57B	$3.05B	$2.61B	$2.39B	$2.01B	$1.88B	$1.77B	$1.66B	$1.58B
Operating Expenses	·	·	$3.11B	$2.70B	$2.29B	$1.99B	$1.87B	$1.55B	$1.43B	$1.34B	$1.26B	$1.24B
Interest Expense	·	·	$190M	$141M	$65M	$59M	$64M	$41M	$38M	$39M	$39M	$28M
Pretax Income	$1.37B	$1.30B	$1.15B	$876M	$763M	$624M	$526M	$462M	$450M	$423M	$403M	$340M
Income Tax	$304M	$301M	$275M	$204M	$176M	$144M	$127M	$118M	$50M	$166M	$159M	$133M
Net Income	$1.05B	$993M	$871M	$672M	$587M	$480M	$399M	$344M	$400M	$257M	$243M	$207M
EPS (Basic)	$3.37	$3.48	$3.07	$2.38	$2.08	$1.70	$1.42	$1.24	$1.43	$0.92	$1.72	$1.43
EPS (Diluted)	$3.16	$3.46	$3.05	$2.37	$2.07	$1.69	$1.40	$1.22	$1.40	$0.91	$1.70	$1.41
Shares (Basic)	310,000,000	282,000,000	280,000,000	278,000,000	276,000,000	274,300,000	272,471	270,971,000	272,580,000	272,278,000	137,810,000	140,944,000
Shares (Diluted)	313,000,000	284,000,000	281,000,000	279,000,000	277,400,000	275,800,000	274,616	275,521,000	277,586,000	275,608,000	140,112,000	142,891,000

Balance Sheet 28

Annual Balance Sheet data for BRO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$1.08B	$675M	$700M	$650M	$693M	$656M	$542M	$439M	$573M	$516M	$443M	$470M
Short-term Investments	·	$10M	$11M	$12M	$13M	$18M	$12M	$13M	$25M	$15M	$14M	$11M
Other Current Assets	$484M	$364M	$314M	$202M	$176M	$148M	$152M	$129M	$48M	$51M	$50M	$46M
Current Assets	$8.61B	$6.92B	$5.13B	$5.00B	$3.33B	$2.96B	$2.49B	$2.17B	$2.24B	$1.74B	$1.54B	$1.57B
PP&E (Net)	$367M	$319M	$270M	$240M	$212M	$201M	$149M	$100M	$77M	$76M	$82M	$85M
PP&E (Gross)	$673M	$591M	$524M	$477M	$408M	$392M	$320M	$269M	$234M	$214M	$205M	$195M
Accum. Depreciation	$306M	$272M	$254M	$237M	$196M	$191M	$171M	$168M	$157M	$139M	$123M	$111M
Goodwill	$15.09B	$7.97B	$7.34B	$6.67B	$4.74B	$4.40B	$3.75B	$3.43B	$2.72B	$2.68B	$2.59B	$2.46B
Intangibles	$4.91B	$1.81B	$1.62B	$1.60B	$1.08B	$1.05B	$917M	$899M	$641M	$707M	$745M	$785M
Other Non-current Assets	$748M	$385M	$301M	$231M	$207M	$150M	$105M	$72M	$57M	$45M	$36M	$37M
Total Assets	$29.99B	$17.61B	$14.88B	$13.97B	$9.80B	$8.97B	$7.62B	$6.69B	$5.75B	$5.26B	$4.98B	$4.96B
Accounts Payable	$990M	$373M	$459M	$286M	$243M	$190M	$100M	$87M	$64M	$70M	$64M	$57M
Accrued Liabilities	$875M	$653M	$608M	$542M	$456M	$372M	$338M	$279M	$229M	$202M	$192M	$181M
Short-term Debt	·	·	·	·	·	·	·	$15M	·	$500.0K	$0	$25M
Current Liabilities	$8.29B	$6.31B	$4.96B	$4.60B	$2.67B	$2.35B	$2.05B	$1.78B	$1.99B	$1.45B	$1.33B	$1.27B
Capital Leases	$243M	$189M	$179M	$196M	$180M	$173M	$168M	$0	·	·	·	·
Deferred Tax	$815M	$711M	$616M	$584M	$387M	$344M	$328M	$316M	$256M	$358M	$361M	$341M
Other Non-current Liabilities	$1.17B	$362M	$326M	$299M	$384M	$315M	$231M	$132M	$65M	$81M	$94M	$79M
Total Liabilities	·	·	·	·	·	·	·	$3.69B	·	·	·	·
Long-term Debt	$7.61B	$3.82B	$3.80B	$3.94B	$2.02B	$2.10B	$1.56B	$1.51B	$976M	$1.07B	$1.14B	$1.20B
Total Debt	$7.61B	$3.82B	$3.80B	$3.94B	$2.02B	$2.10B	$1.56B	$1.51B	$976M	$1.07B	·	$1.22B
Common Stock	$36M	$31M	$30M	$30M	$30M	$30M	$30M	$29M	$29M	$15M	$15M	$15M
Retained Earnings	$6.99B	$6.13B	$5.29B	$4.55B	$4.00B	$3.52B	$3.14B	$2.83B	$2.46B	$2.13B	$1.95B	$1.77B
Treasury Stock	$848M	$748M	$748M	$748M	$674M	$591M	$536M	$478M	$386M	$258M	$239M	$75M
AOCI	$210M	$-109M	$-19M	$-148M	$-9M	·	·	·	·	·	·	$0
Stockholders' Equity	$12.57B	$6.44B	$5.58B	$4.61B	$4.20B	$3.75B	$3.35B	$3.00B	$2.58B	$2.36B	$2.15B	$2.11B
Liabilities + Equity	$29.99B	$17.61B	$14.88B	$13.97B	$9.80B	$8.97B	$7.62B	$6.69B	$5.75B	$5.26B	$5.00B	$4.96B
Shares Outstanding	336,000,000	286,000,000	285,000,000	283,000,000	282,000,000	283,004,000,000	281,655,000,000	279,583,000	286,895,000	285,461,000	282,077	145,871

Cash Flow 16

Annual Cash Flow data for BRO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Stock-based Comp	$93M	$101M	$89M	$66M	$61M	$60M	$47M	$34M	$31M	$16M	$16M	$19M
Deferred Tax	$-7M	$13M	$12M	$43M	$34M	$16M	$12M	$15M	$-102M	$18M	$23M	$7M
Operating Cash Flow	$1.45B	$1.17B	$1.01B	$881M	$809M	$713M	$678M	$568M	$442M	$411M	$382M	$385M
CapEx	$68M	$82M	$69M	$52M	$45M	$71M	$73M	$42M	$24M	$18M	$18M	$25M
Investing Cash Flow	$-7.91B	$-898M	$-587M	$-1.91B	$-397M	$-759M	$-414M	$-952M	$-63M	·	·	·
Debt Issued	$4.19B	$599M	$0	$2.00B	·	$700M	$350M	$300M	$0	$0	$0	$1.05B
Net Debt Issued	$3.97B	$-120M	$-251M	$1.94B	$-73M	$645M	$300M	$180M	$-97M	$-73M	·	$718M
Stock Issued	$4.32B	$0	$0	·	·	·	·	·	·	·	·	·
Stock Repurchased	$100M	$0	$0	$74M	$83M	$55M	$59M	$91M	$129M	$19M	$164M	$75M
Net Stock Activity	$4.21B	·	$-100.0K	$-74M	$-83M	$-55M	$-59M	$-91M	$-129M	$-19M	·	$-75M
Dividends Paid	$193M	$154M	$135M	$120M	$107M	$101M	$91M	$85M	$78M	$70M	$64M	$59M
Financing Cash Flow	$7.71B	$-64M	$-187M	$1.73B	$-210M	$355M	$-79M	$338M	$-337M	·	·	·
Net Change in Cash	$1.31B	$199M	$270M	$563M	$198M	$309M	$185M	$-46M	$43M	$108M	$-57M	$267M
Taxes Paid	$371M	$302M	$218M	$122M	$147M	$132M	$110M	$110M	·	·	·	·
Free Cash Flow	$1.38B	$1.09B	$941M	$829M	$897M	$651M	$605M	$526M	$418M	$357M	·	$360M
Levered FCF	·	·	$796M	$721M	$847M	$606M	$557M	$496M	$384M	$333M	·	$343M

Profitability 4

Annual Profitability data for BRO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Net Margin	17.9%	20.7%	20.4%	18.8%	19.2%	18.4%	16.7%	17.1%	21.2%	14.6%	·	13.1%
Pretax Margin	23.2%	27.1%	26.9%	24.5%	25.0%	23.9%	22.0%	23.0%	23.9%	24.0%	·	21.6%
ROA	4.4%	6.1%	6.0%	4.9%	6.0%	5.4%	5.2%	5.5%	6.1%	4.8%	·	4.2%
ROE	8.7%	15.4%	16.2%	15.1%	14.1%	12.9%	12.0%	11.6%	16.2%	11.4%	·	10.0%

Liquidity & Solvency 4

Annual Liquidity & Solvency data for BRO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.0	1.1	1.0	1.1	1.2	1.3	1.2	1.2	1.1	1.2	·	1.2
Quick Ratio	0.1	0.1	0.1	0.1	0.3	0.4	0.3	0.3	0.3	0.4	·	0.4
Debt / Equity	0.6	0.6	0.7	0.9	0.5	0.6	0.5	0.5	0.4	0.5	·	0.6
LT Debt / Equity	0.5	0.6	0.6	0.8	0.5	0.5	0.4	0.5	0.3	0.4	·	0.5

Efficiency 1

Annual Efficiency data for BRO
Metric	Trend	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover		0.2	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	·	0.3

Per Share 7

Annual Per Share data for BRO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$37.42	$22.51	$19.60	$16.27	$14.86	$13.27	$11.89	$10.73	$18.70	$16.85	·	$14.73
Revenue / Share	$18.86	$16.92	$15.16	$12.83	$10999.44	$9.47	$8.71	$7.31	$13.56	$12.82	·	$11.03
Cash Flow / Share	$4.63	$4.13	$3.60	$3.16	$3397.34	$2.62	$2.47	$2.06	$3.18	$2.72	·	$2.69
Cash / Share	$3.21	$2.36	$2.46	$2.30	$3.14	$2.89	$1.93	$1.57	$4.15	$3.68	·	$3.28
Dividend / Share	·	·	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Dividend Paid / Share	$1	$1	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
EPS (TTM)	$3.16	$3.46	$3.05	$2.37	$2.07	$1.69	$1.40	$1.22	$1.40	$0.91	$1.70	$1.41

Growth Rates 10

Annual Growth Rates data for BRO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	22.8%	12.9%	19.1%	17.1%	16.8%	·	·	·	·	·	·	·
Revenue CAGR 3Y	18.2%	16.3%	17.7%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	17.7%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	-8.7%	13.4%	28.7%	14.5%	22.5%	·	·	·	·	·	·	·
EPS CAGR 3Y	10.1%	18.7%	21.8%	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	13.3%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	6.1%	14.0%	29.6%	14.5%	22.2%	·	·	·	·	·	·	·
Net Income CAGR 3Y	16.2%	19.1%	21.9%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	17.0%	·	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	13.9%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 15

Annual Valuation (TTM) data for BRO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$5.90B	$4.80B	$4.26B	$3.57B	$3.05B	$2.61B	$2.39B	$2.01B	$1.88B	$1.77B	$1.66B	$1.58B
Net Income TTM	$1.05B	$993M	$871M	$672M	$587M	$480M	$399M	$344M	$400M	$257M	$243M	$207M
Market Cap	$26.78B	$29.18B	$20.24B	$16.13B	$19.85B	$13.42B	$11.12B	$7.71B	$3.55B	$3.14B	·	$2.36B
Enterprise Value	$33.31B	$32.32B	$23.32B	$19.41B	$20.98B	$14.68B	$12.12B	$8.76B	$3.93B	$3.69B	·	$3.10B
P/E	25.2	29.5	23.3	24.0	34.0	28.1	28.2	22.6	18.4	24.6	9.4	11.7
P/S	4.5	6.1	4.8	4.5	6.5	5.1	4.6	3.8	1.9	1.8	·	1.5
P/B	2.1	4.5	3.6	3.5	4.7	3.6	3.3	2.6	1.4	1.3	·	1.1
P / Cash Flow	18.5	24.9	20.0	18.3	21.1	18.6	16.4	13.6	8.0	8.4	·	6.1
P / FCF	19.4	26.7	21.5	19.5	22.1	20.6	18.4	14.6	8.5	8.8	·	6.6
EV / FCF	24.1	29.6	24.8	23.4	23.4	22.5	20.0	16.7	9.4	10.3	·	8.6
EV / Revenue	5.6	6.7	5.5	5.4	6.9	5.6	5.1	4.3	2.1	2.1	·	2.0
Dividend Yield	0.72%	0.53%	0.67%	0.74%	0.54%	0.75%	0.82%	1.1%	2.2%	2.2%	·	2.5%
Earnings Yield	4.0%	3.4%	4.3%	4.2%	2.9%	3.6%	3.5%	4.4%	5.4%	4.1%	10.6%	8.6%
Payout Ratio	18.3%	15.5%	15.5%	17.8%	18.3%	20.9%	22.9%	24.6%	19.4%	27.3%	·	28.7%
Annual Payout	$193M	$154M	$135M	$120M	$107M	$101M	$91M	$85M	$78M	$70M	$64M	$59M

Income Statement 10

Quarterly Income Statement data for BRO
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue	$1.90B	$1.61B	$1.61B	$1.28B	$1.40B	$1.18B	$1.19B	$1.18B	$1.26B	$1.03B	$1.07B	$1.05B	$1.12B	$901M	$928M	$840M
Operating Expenses	·	·	·	·	·	·	$869M	$832M	$894M	·	$826M	$793M	$822M	·	$710M	$641M
Interest Expense	·	·	·	·	·	·	·	$49M	$48M	·	$48M	$48M	$47M	·	$42M	$36M
Pretax Income	$533M	$322M	$311M	$311M	$427M	$276M	$317M	$346M	$364M	$356M	$242M	$254M	$294M	$194M	$218M	$199M
Income Tax	$106M	$52M	$82M	$77M	$93M	$65M	$78M	$87M	$71M	$87M	$66M	$64M	$58M	$49M	$57M	$54M
Net Income	$426M	$265M	$227M	$231M	$331M	$209M	$234M	$257M	$293M	$269M	$176M	$190M	$236M	$145M	$161M	$145M
EPS (Basic)	$1.27	$0.74	$0.68	$0.79	$1.16	$0.73	$0.82	$0.90	$1.03	$0.95	$0.62	$0.67	$0.83	$0.52	$0.57	$0.51
EPS (Diluted)	$1.06	$0.55	$0.68	$0.78	$1.15	$0.73	$0.81	$0.90	$1.02	$0.93	$0.62	$0.67	$0.83	$0.52	$0.57	$0.51
Shares (Basic)	331,000,000	-596,000,000	331,000,000	292,000,000	283,000,000	-563,000,000	282,000,000	282,000,000	281,000,000	-557,000,000	280,000,000	279,000,000	278,000,000	-554,100,000	277,800,000	277,200,000
Shares (Diluted)	337,000,000	-597,000,000	332,000,000	293,000,000	285,000,000	-566,000,000	284,000,000	283,000,000	283,000,000	-559,000,000	281,000,000	280,000,000	279,000,000	-556,500,000	278,700,000	278,200,000

Balance Sheet 26

Quarterly Balance Sheet data for BRO
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Cash & Equivalents	$1.00B	$1.08B	$1.19B	$8.89B	$669M	$675M	$957M	$1.11B	$581M	$700M	$756M	$628M	$564M	$650M	$580M	$2.38B
Short-term Investments	·	·	·	·	·	·	$11M	$9M	$10M	·	$13M	$10M	$9M	·	$11M	$15M
Other Current Assets	$456M	$484M	$484M	$343M	$331M	$364M	$314M	$318M	$287M	·	$243M	$227M	$191M	·	$209M	$222M
Current Assets	$8.46B	$8.61B	$8.14B	$14.44B	$5.92B	$6.92B	$7.48B	$6.09B	$5.00B	·	$4.85B	$4.89B	$4.36B	·	$4.85B	$5.33B
PP&E (Net)	$370M	$367M	$366M	$334M	$327M	$319M	$309M	$290M	$272M	·	$250M	$245M	$242M	·	$239M	$215M
PP&E (Gross)	·	$673M	·	·	·	$591M	·	·	·	·	·	·	·	·	·	·
Accum. Depreciation	·	$306M	·	·	·	$272M	·	·	·	·	·	·	·	·	·	·
Goodwill	$15.08B	$15.09B	$14.89B	$8.37B	$8.11B	$7.97B	$7.58B	$7.43B	$7.39B	$7.34B	$6.85B	$6.87B	$6.73B	$6.67B	$6.52B	$5.15B
Intangibles	$4.78B	$4.91B	$4.95B	$1.87B	$1.82B	$1.81B	$1.58B	$1.56B	$1.59B	·	$1.53B	$1.56B	$1.58B	·	$1.59B	$1.15B
Other Non-current Assets	$754M	$748M	$733M	$430M	$387M	$385M	$365M	$355M	$333M	·	$288M	$272M	$255M	·	$220M	$213M
Total Assets	$29.70B	$29.99B	$29.35B	$25.64B	$16.76B	$17.61B	$17.52B	$15.94B	$14.81B	·	$13.98B	$14.07B	$13.40B	·	$13.66B	$12.28B
Accounts Payable	$873M	$990M	$849M	$382M	$481M	$373M	$329M	$313M	$322M	·	$380M	$329M	$343M	·	$276M	$279M
Accrued Liabilities	$695M	$875M	$840M	$530M	$463M	$653M	$597M	$500M	$421M	·	$508M	$449M	$376M	·	$436M	$421M
Current Liabilities	$8.32B	$8.29B	$6.89B	$5.26B	$4.93B	$6.31B	$6.53B	$5.39B	$4.88B	·	$4.59B	$4.16B	$3.81B	·	$4.24B	$2.90B
Capital Leases	$238M	$243M	$243M	$186M	$186M	$189M	$181M	$180M	$178M	·	$179M	$186M	$191M	·	$191M	$186M
Deferred Tax	$899M	$815M	$857M	$721M	$701M	$711M	$638M	$614M	$614M	·	$568M	$572M	$564M	·	$572M	$443M
Other Non-current Liabilities	$1.05B	$1.17B	$1.30B	$385M	$371M	$362M	$334M	$331M	$338M	·	$302M	$321M	$308M	·	$305M	$311M
Long-term Debt	$7.82B	$7.61B	$7.73B	$7.54B	$3.81B	$3.82B	$3.59B	$4.12B	$3.88B	·	$3.71B	$3.82B	$3.93B	·	$4.11B	$4.22B
Total Debt	$7.82B	·	$7.73B	$7.54B	$3.81B	·	$3.59B	$4.12B	$3.88B	·	$3.71B	$3.82B	$3.93B	·	$4.11B	$4.22B
Common Stock	$36M	$36M	$36M	$35M	$31M	$31M	$31M	$30M	$30M	·	$30M	$30M	$30M	·	$30M	$30M
Retained Earnings	$7.36B	$6.99B	$6.78B	$6.60B	$6.42B	$6.13B	$5.96B	$5.76B	$5.54B	·	$5.06B	$4.91B	$4.76B	·	$4.44B	$4.31B
Treasury Stock	$1.10B	$848M	$748M	$748M	$748M	$748M	$748M	$748M	$748M	·	$748M	$748M	$748M	·	$748M	$748M
AOCI	$128M	$210M	$200M	$262M	$15M	$-109M	$125M	$-47M	$-51M	·	$-128M	$-50M	$-101M	·	$-316M	$-143M
Stockholders' Equity	$12.61B	$12.57B	$12.41B	$11.62B	$6.84B	$6.44B	$6.48B	$6.04B	$5.79B	$5.58B	$5.20B	$5.07B	$4.84B	$4.61B	$4.31B	$4.28B
Liabilities + Equity	$29.70B	$29.99B	$29.35B	$25.64B	$16.76B	$17.61B	$17.52B	$15.94B	$14.81B	·	$13.98B	$14.07B	$13.40B	·	$13.66B	$12.28B
Shares Outstanding	335,000,000	336,000,000	337,000,000	330,000,000	287,000,000	286,000,000	286,000,000	285,000,000	285,000,000	285,000,000	284,300,000	283,600,000	283,600,000	283,000,000	283,300,000	282,200,000

Cash Flow 16

Quarterly Cash Flow data for BRO
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Stock-based Comp	$26M	$17M	$24M	$23M	$29M	$24M	$25M	$23M	$29M	$22M	$22M	$21M	$24M	$16M	$16M	$14M
Deferred Tax	$80M	$-25M	$20M	$8M	$-10M	$24M	$-8M	$-2M	$-1M	$13M	$-3M	$1M	$1M	$3M	$14M	$11M
Operating Cash Flow	$262M	$444M	$468M	$325M	$213M	$361M	$440M	$360M	$13M	$306M	$316M	$328M	$60M	$281M	$254M	$243M
CapEx	$21M	$20M	$16M	$15M	$17M	$20M	$23M	$26M	$13M	$30M	$14M	$13M	$12M	$20M	$14M	$8M
Investing Cash Flow	$-38M	$-213M	$-7.51B	$-108M	$-79M	$-779M	$-42M	$11M	$-88M	$-394M	$-58M	$-91M	$-43M	$-400.0K	$-1.45B	$-22M
Debt Issued	·	$0	$0	·	·	$0	$0	·	·	·	·	·	·	$0	$0	$800M
Net Debt Issued	$-19M	·	·	·	$-169M	·	·	·	$-13M	·	·	·	$-17M	·	·	·
Stock Issued	·	$0	$0	·	·	·	·	·	·	·	·	·	·	·	·	·
Stock Repurchased	$250M	·	·	·	$0	·	·	·	·	$-100.0K	$0	$0	$100.0K	$-100.0K	$0	$50M
Net Stock Activity	$-250M	·	·	·	·	·	·	·	·	·	·	·	$-100.0K	·	·	·
Dividends Paid	$57M	$56M	$51M	$43M	$43M	$43M	$36M	$37M	$38M	$37M	$33M	$32M	$33M	$33M	$29M	$29M
Financing Cash Flow	$-354M	$-138M	$-130M	$8.20B	$-218M	$277M	$-716M	$442M	$-67M	$88M	$-222M	$67M	$-121M	$-150M	$-189M	$768M
Net Change in Cash	$-157M	$91M	$-7.20B	$8.48B	$-62M	$-199M	$-273M	$824M	$-153M	$32M	$8M	$320M	$-90M	$182M	$-1.44B	$861M
Taxes Paid	$14M	$52M	$51M	$254M	$14M	$13M	$22M	$133M	$134M	$35M	$20M	$119M	$44M	$4M	$28M	$86M
Free Cash Flow	$241M	·	·	·	$196M	·	·	·	$0	·	·	·	$48M	·	·	·
Levered FCF	·	·	·	·	·	·	·	·	$-39M	·	·	·	$11M	·	·	·

Profitability 4

Quarterly Profitability data for BRO
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Net Margin	22.4%	·	14.1%	18.0%	23.6%	·	19.7%	21.8%	23.3%	·	16.5%	18.2%	21.1%	·	17.4%	17.3%
Pretax Margin	28.0%	·	19.4%	24.2%	30.4%	·	26.7%	29.4%	28.9%	·	22.7%	24.3%	26.4%	·	23.5%	23.7%
ROA	1.8%	·	0.97%	1.1%	2.1%	·	1.5%	1.7%	2.1%	·	1.3%	1.5%	1.9%	·	1.4%	1.3%
ROE	4.4%	·	2.4%	2.6%	5.2%	·	4.0%	4.6%	5.5%	·	3.7%	4.1%	5.1%	·	3.8%	3.5%

Liquidity & Solvency 4

Quarterly Liquidity & Solvency data for BRO
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Current Ratio	1.0	·	1.2	2.7	1.2	·	1.1	1.1	1.0	·	1.1	1.2	1.1	·	1.1	1.8
Quick Ratio	0.1	·	0.2	1.7	0.1	·	0.1	0.2	0.1	·	0.2	0.2	0.2	·	0.1	0.8
Debt / Equity	0.6	·	0.6	0.6	0.6	·	0.6	0.7	0.7	·	0.7	0.8	0.8	·	1.0	1.0
LT Debt / Equity	0.5	·	0.6	0.6	0.5	·	0.5	0.6	0.5	·	0.6	0.7	0.8	·	0.9	1.0

Efficiency 1

Quarterly Efficiency data for BRO
Metric	Trend	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Asset Turnover		0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1

Per Share 7

Quarterly Per Share data for BRO
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Book Value / Share	$37.65	·	$36.82	$35.20	$23.84	·	$22.66	$21.18	$20.31	·	$18.29	$17.89	$17.08	·	$15.22	$15.18
Revenue / Share	$5.64	·	$4.84	$4.39	$4.93	·	$4.18	$4.16	$4.45	·	$3.80	$3.73	$3.99	·	$3.33	$3.02
Cash Flow / Share	$0.78	·	·	·	$0.75	·	·	·	$0.05	·	·	·	$0.21	·	·	·
Cash / Share	$2.99	·	$3.53	$26.95	$2.33	·	$3.35	$3.88	$2.04	·	$2.66	$2.21	$1.99	·	$2.05	$8.45
Dividend / Share	·	·	·	·	·	·	·	·	·	·	$0	$0	$0	·	$0	$0
Dividend Paid / Share	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
EPS (TTM)	$3.67	·	$3.42	$3.64	$3.88	·	$3.35	$3.21	$3.14	·	$2.69	$2.58	$2.68	·	$2.37	$2.29

Valuation (TTM) 14

Quarterly Valuation (TTM) data for BRO
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue TTM	$6.20B	·	$5.48B	$5.05B	$5.03B	·	$4.69B	$4.55B	$4.49B	·	$4.16B	$3.93B	$3.79B	·	$3.44B	$3.24B
Net Income TTM	$1.22B	·	$1.02B	$1.05B	$1.11B	·	$960M	$916M	$895M	·	$763M	$732M	$763M	·	$673M	$651M
Market Cap	$21.85B	·	$31.61B	$36.59B	$35.70B	·	$29.63B	$25.48B	$24.95B	·	$19.86B	$19.52B	$16.28B	·	$17.13B	$16.46B
Enterprise Value	$28.66B	·	$38.15B	$35.24B	$38.84B	·	$32.25B	$28.48B	$28.24B	·	$22.79B	$22.70B	$19.64B	·	$20.65B	$18.29B
P/E	17.8	·	27.4	30.5	32.1	·	30.9	27.9	27.9	·	26.0	26.7	21.4	·	25.5	25.5
P/S	3.5	·	5.8	7.2	7.1	·	6.3	5.6	5.6	·	4.8	5.0	4.3	·	5.0	5.1
P/B	1.7	·	2.5	3.1	5.2	·	4.6	4.2	4.3	·	3.8	3.8	3.4	·	4.0	3.8
P / Tangible Book	·	·	·	26.4	·	·	·	·	·	·	·	·	·	·	·	·
P / Cash Flow	83.4	·	·	·	167.6	·	·	·	1919.1	·	·	·	272.3	·	·	·
P / FCF	90.6	·	·	·	182.2	·	·	·	·	·	·	·	339.3	·	·	·
EV / FCF	118.9	·	·	·	198.2	·	·	·	·	·	·	·	409.1	·	·	·
EV / Revenue	4.6	·	7.0	7.0	7.7	·	6.9	6.3	6.3	·	5.5	5.8	5.2	·	6.0	5.6
Earnings Yield	5.6%	·	3.6%	3.3%	3.1%	·	3.2%	3.6%	3.6%	·	3.9%	3.8%	4.7%	·	3.9%	3.9%
Payout Ratio	13.4%	·	·	·	13.0%	·	·	·	13.0%	·	·	·	13.8%	·	·	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-31	2024-12-31	2023-12-31	2023-09-30	2023-06-30
Revenue	$5.90B	$4.80B	$4.26B	—	—
Net Income	$1.05B	$993M	$871M	—	—
Diluted EPS	$3.16	$3.46	$3.05	—	—

Balance Sheet

	2025-12-31	2024-12-31	2023-12-31	2023-09-30	2023-06-30
Debt / Equity	0.6	0.6	0.7	—	—
Current Ratio	1.0	1.1	1.0	—	—
Quick Ratio	0.1	0.1	0.1	—	—

Cash Flow

	2025-12-31	2024-12-31	2023-12-31	2023-09-30	2023-06-30
Free Cash Flow	$1.38B	$1.09B	$941M	—	—

Latest News Recent headlines mentioning this company

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