Friday 6 November 2026
Export BC’s income statement to Excel — free account
Brunswick Corporation
BC Consumer Cyclical Recreational Vehicles
Brunswick Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.4 billion, up 2.40% from fiscal 2024.
- Revenue
- +6.89%
- EPS
- +126.4%
- Free cash flow
- +30.0%
- Total debt
- −8.74%
Quarter to September 2026, against a year earlier
79.09
2.21
−2.72%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 4,489 | 3,802 | 4,121 | 4,108 | 4,348 | 5,846 | 6,812 | 6,401 | 5,237 | 5,363 | 5,724 | +2.0% | 5,763 | 6,077 | 6,344 | +5.8% | |
| Gross margin, % | 27.46 | 24.95 | 25.41 | 27.29 | 27.90 | 28.50 | 28.58 | 27.92 | 25.79 | 24.84 | 26.22 | (2.6) pt | ||||||
| EBT | 390 | 213 | 311 | 111 | 473 | 736 | 854 | 629 | 203 | (136) | 243 | n/m | ||||||
| EBT margin, % | 8.68 | 5.60 | 7.54 | 2.69 | 10.87 | 12.60 | 12.53 | 9.82 | 3.88 | (2.53) | 4.25 | (11.2) pt | ||||||
| Net income | 276 | 146 | 265 | (131) | 373 | 593 | 677 | 420 | 130 | (137) | 211 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 49.22 | 42.53 | 47.04 | 48.22 | 54.89 | 75.14 | 91.07 | 91.19 | 77.93 | 81.38 | 87.92 | +5.7% | |||||
| Earnings | 3.03 | 1.64 | 3.03 | (1.54) | 4.70 | 7.63 | 9.05 | 5.99 | 1.94 | (2.08) | 3.24 | n/m | ||||||
| Cash flow | 4.77 | 4.48 | 3.85 | 5.10 | 10.08 | 7.38 | 7.84 | 10.45 | 6.42 | 8.53 | 8.75 | +6.7% | ||||||
| Capex | (2.11) | (1.90) | (2.05) | (2.64) | (2.27) | (3.34) | (5.04) | (3.91) | (2.27) | (2.32) | (2.77) | +1.1% | ||||||
| Free cash flow | 2.67 | 2.57 | 1.79 | 2.45 | 7.81 | 4.04 | 2.80 | 6.54 | 4.15 | 6.20 | 5.97 | +9.8% | ||||||
| Book value | 15.79 | 16.59 | 18.07 | 15.27 | 19.07 | 24.60 | 27.30 | 29.74 | 28.16 | 24.67 | 25.97 | +5.1% | ||||||
| Shares, m | 91 | 89 | 88 | 85 | 79 | 78 | 75 | 70 | 67 | 66 | 65 | (3.5%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 18.28 | 34.56 | 15.33 | 0.00 | 16.22 | 13.24 | 7.99 | 15.94 | 34.04 | 0.00 | 24.44 | 15.6 | |||||
| P/S | 1.13 | 1.32 | 0.99 | 1.24 | 1.39 | 1.34 | 0.79 | 1.04 | 0.83 | 0.91 | 0.90 | 1.1 | ||||||
| P/B | 3.51 | 3.38 | 2.57 | 3.93 | 4.00 | 4.09 | 2.64 | 3.19 | 2.30 | 3.01 | 3.07 | 3.3 | ||||||
| EV/Sales | 1.12 | 1.31 | 1.21 | 1.43 | 1.47 | 1.59 | 1.07 | 1.35 | 1.22 | 1.25 | 1.20 | 1.3 | ||||||
| EV/FCF | 20.64 | 21.65 | 31.72 | 28.18 | 10.35 | 29.56 | 34.86 | 18.78 | 22.94 | 16.43 | 17.68 | 23.5 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 435 | 400 | 337 | 434 | 798 | 574 | 586 | 734 | 431 | 562 | 569 | +2.9% | |||||
| Capex | (192) | (170) | (180) | (225) | (179) | (260) | (377) | (274) | (152) | (153) | (181) | (2.5%) | ||||||
| Free cash flow | 243 | 230 | 157 | 209 | 619 | 314 | 209 | 459 | 279 | 409 | 389 | +5.9% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 724 | 812 | 624 | 581 | 591 | 682 | 1,205 | 758 | 834 | 635 | 738 | (1.4%) | |||||
| Net debt | (30) | (22) | 917 | 777 | 364 | 1,449 | 1,896 | 1,951 | 2,054 | 1,827 | 1,722 | n/m | ||||||
| Shareholders’ equity | 1,440 | 1,483 | 1,583 | 1,301 | 1,510 | 1,914 | 2,042 | 2,087 | 1,892 | 1,626 | 1,690 | +1.4% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 8.58 | 4.41 | 6.94 | (3.34) | 10.16 | 12.90 | 11.53 | 6.70 | 2.19 | (2.50) | 3.89 | (11.1) pt | |||||
| ROIC | 21.25 | 14.13 | 8.89 | 14.17 | 17.98 | 15.11 | 15.04 | 11.37 | 4.94 | (0.74) | 5.96 | (22.0) pt | ||||||
| ROE | 20.28 | 10.02 | 17.31 | (9.09) | 26.52 | 34.65 | 34.22 | 20.36 | 6.54 | (7.81) | 0.00 | (28.1) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 14,415 | 15,116 | 16,038 | 12,828 | 14,382 | 18,582 | 18,400 | 17,300 | 15,000 | 14,000 | — | (0.3%) | |||||
| Revenue/emp, $m | 0.31 | 0.25 | 0.26 | 0.32 | 0.30 | 0.31 | 0.37 | 0.37 | 0.35 | 0.38 | — | +2.3% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Brunswick Corporation vs peers in Recreational Vehicles (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BC Brunswick Corporation | $5.1B | 24.4× | 19.1× | +6.89% (above 0%: growing) | n/m | +29.95% (above 0%: growing) | 28.32% | 7.15% | |
| DOO BRP Inc. | $4.6B | 57.4× | — | +16.59% (above 0%: growing) | n/m | +116.16% (above 0%: growing) | 11.74% | (2.24%) | Compare |
| THO Thor Industries, Inc. | $4.3B | 24.4× | 20.2× | −8.41% (below 0%: shrinking) | −66.96% (below 0%: shrinking) | −26.73% (below 0%: shrinking) | 12.36% | 2.19% | Compare |
| PII Polaris Inc. | $3.7B | — (loss-making) | 28.3× | +10.91% (above 0%: growing) | n/m | +170.18% (above 0%: growing) | 21.17% | 3.59% | Compare |
| HOG Harley-Davidson, Inc. | $3.4B | — (loss-making) | 39.8× | −19.25% (below 0%: shrinking) | −87.35% (below 0%: shrinking) | +344.65% (above 0%: growing) | 25.97% | 3.45% | Compare |
| PATK Patrick Industries, Inc. | $2.7B | 20.1× | 18.8× | −0.04% (below 0%: shrinking) | −38.64% (below 0%: shrinking) | +437.85% (above 0%: growing) | 23.57% | 5.11% | Compare |
| LCII LCI Industries | $2.5B | 12.5× | 11.8× | −4.24% (below 0%: shrinking) | −19.53% (below 0%: shrinking) | −35.24% (below 0%: shrinking) | 26.58% | 7.56% | Compare |
| WGO Winnebago Industries, Inc. | $944.6M | 27.5× | 20.4× | −17.01% (below 0%: shrinking) | −30.61% (below 0%: shrinking) | −20.96% (below 0%: shrinking) | 12.51% | 2.73% | Compare |
| MCFT MASTERCRAFT BOAT HOLDINGS, INC. | $503.4M | — (loss-making) | 12.7× | +63.41% (above 0%: growing) | n/m | −18.29% (below 0%: shrinking) | 22.56% | (4.86%) | Compare |
| Median of peers | $3.0B | 24.4× | 20.2× | −2.14% | −38.64% | +48.93% | 21.87% | 3.09% |
Pay and ownership Proxy statement filed 19 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 13.02m | 14.49m | 138.09 |
| 2024 | 10.99m | 279.70k | 117.40 |
| 2023 | 10.85m | 13.95m | 172.04 |
| 2022 | 9.54m | 2.92m | 126.14 |
| 2021 | 9.64m | 20.40m | 171.03 |
Ownership
Directors and executive officers, together
less than 1%
The Vanguard Group, Inc.1
10.30%
BlackRock, Inc.2
8.70%
Massachusetts Financial Services Company3
5.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Brunswick Corporation (BC) Latest News
30 Oct
29 Oct
3 Oct
21 Aug
3 Aug
1 Aug
31 Jul
30 Jul
BC metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score