Sunday 1 November 2026
Export BCO’s income statement to Excel — free account
Brink's Company (The)
BCO Industrials Security & Protection Services
Brink's Company (The)’s revenue for fiscal 2025 (year ended December 2025) was $5.3 billion, up 4.97% from fiscal 2024.
- Revenue
- +7.06%
- EPS
- +3.88%
- Free cash flow
- −97.5%
- Total debt
- +1.32%
Quarter to June 2026, against a year earlier
102.71
0.52
+0.51%
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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 Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 3,021 | 3,347 | 3,489 | 3,683 | 3,691 | 4,200 | 4,536 | 4,875 | 5,012 | 5,261 | 5,481 | +6.4% | 5,571 | 5,764 | 6,034 | +4.7% | |
| Gross margin, % | 20.82 | 22.07 | 22.52 | 23.11 | 22.04 | 22.96 | 23.67 | 23.95 | 25.32 | 25.81 | 26.43 | +5.0 pt | ||||||
| EBT | 125 | 182 | 43 | 94 | 79 | 236 | 226 | 236 | 266 | 354 | 323 | +12.3% | ||||||
| EBT margin, % | 4.14 | 5.42 | 1.22 | 2.54 | 2.15 | 5.61 | 4.99 | 4.84 | 5.31 | 6.73 | 5.90 | +2.6 pt | ||||||
| Net income | 45 | 24 | (27) | 33 | 22 | 117 | 182 | 98 | 175 | 210 | 191 | +18.7% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 60.41 | 66.02 | 68.54 | 73.37 | 73.23 | 84.85 | 95.89 | 105.51 | 113.14 | 124.67 | 132.40 | +8.4% | |||||
| Earnings | 0.69 | 0.33 | (0.65) | 0.55 | 0.33 | 2.06 | 3.63 | 1.83 | 3.61 | 4.70 | 4.32 | +23.8% | ||||||
| Cash flow | 3.81 | 5.85 | 7.15 | 7.34 | 6.30 | 9.66 | 10.15 | 15.20 | 9.62 | 15.15 | 13.55 | +16.6% | ||||||
| Capex | (2.15) | (3.40) | (2.97) | (3.08) | (2.30) | (3.24) | (3.74) | (3.99) | (4.36) | (4.37) | (3.70) | +8.2% | ||||||
| Free cash flow | 1.66 | 2.44 | 4.18 | 4.26 | 4.01 | 6.42 | 6.41 | 11.21 | 5.25 | 10.78 | 9.85 | +23.1% | ||||||
| Book value | 7.10 | 6.67 | 3.27 | 4.14 | 4.02 | 5.10 | 12.06 | 11.26 | 7.05 | 9.65 | 10.69 | +3.5% | ||||||
| Shares, m | 50 | 51 | 51 | 50 | 50 | 50 | 47 | 46 | 44 | 42 | 42 | (1.9%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 60.51 | 257.42 | 0.00 | 164.87 | 218.18 | 31.68 | 15.05 | 47.40 | 25.70 | 24.78 | 23.72 | 84.6 | |||||
| P/S | 0.69 | 1.21 | 0.94 | 1.24 | 0.98 | 0.77 | 0.57 | 0.82 | 0.82 | 0.94 | 0.77 | 0.9 | ||||||
| P/B | 5.88 | 11.96 | 19.75 | 21.93 | 17.92 | 12.85 | 4.53 | 7.66 | 13.15 | 12.09 | 9.59 | 12.8 | ||||||
| EV/Sales | 0.70 | 1.35 | 1.24 | 1.55 | 1.40 | 1.22 | 1.00 | 1.17 | 1.20 | 1.26 | 1.11 | 1.2 | ||||||
| EV/FCF | 25.71 | 36.43 | 20.36 | 26.68 | 25.54 | 16.10 | 14.95 | 10.97 | 25.85 | 14.58 | 14.93 | 21.7 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 190 | 296 | 364 | 369 | 318 | 478 | 480 | 702 | 426 | 640 | 561 | +14.4% | |||||
| Capex | (107) | (173) | (151) | (154) | (116) | (160) | (177) | (184) | (193) | (185) | (153) | +6.2% | ||||||
| Free cash flow | 83 | 124 | 213 | 214 | 202 | 318 | 303 | 518 | 233 | 455 | 408 | +20.8% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 90 | 653 | 357 | 231 | 479 | 571 | 923 | 844 | 990 | 1,131 | 1,289 | +32.5% | |||||
| Net debt | 41 | 465 | 1,046 | 1,160 | 1,529 | 1,870 | 1,945 | 1,696 | 1,907 | 1,706 | 1,846 | +51.2% | ||||||
| Shareholders’ equity | 355 | 338 | 167 | 208 | 203 | 253 | 570 | 520 | 313 | 407 | 442 | +1.5% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 1.75 | 0.66 | (1.06) | 0.83 | 0.36 | 1.97 | 2.86 | 1.35 | 2.46 | 2.86 | 2.51 | +1.1 pt | |||||
| ROIC | 29.10 | 21.32 | 14.16 | 10.82 | 7.71 | 10.44 | 8.98 | 11.99 | 12.76 | 17.31 | 15.73 | (11.8) pt | ||||||
| ROE | 10.07 | 4.82 | (13.19) | 15.50 | 7.80 | 46.23 | 41.47 | 16.09 | 39.13 | 55.49 | 43.72 | +45.4 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 60,700 | 62,300 | 62,400 | 64,600 | 2,900 | 2,900 | 72,200 | 68,200 | 68,100 | 65,400 | — | +0.8% | |||||
| Revenue/emp, $m | 0.05 | 0.05 | 0.06 | 0.06 | 1.27 | 1.45 | 0.06 | 0.07 | 0.07 | 0.08 | — | +5.5% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Brink's Company (The) vs peers in Security & Protection Services (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 |
|---|---|---|---|---|---|---|---|---|---|
| ALLE Allegion PLC | $15.8B | 24.4× | 22.0× | +12.67% (above 0%: growing) | +15.59% (above 0%: growing) | −5.99% (below 0%: shrinking) | 44.94% | 22.12% | Compare |
| ADT ADT Inc. | $7.2B | 12.8× | 12.5× | +1.96% (above 0%: growing) | 0.00% | +28.06% (above 0%: growing) | 79.92% | 24.07% | Compare |
| MSA MSA Safety Incorporporated | $6.9B | 22.1× | 21.0× | +6.16% (above 0%: growing) | +39.37% (above 0%: growing) | +118.31% (above 0%: growing) | 49.53% | 22.24% | Compare |
| BCO Brink's Company (The) | $4.2B | 23.7× | 16.6× | +7.06% (above 0%: growing) | +3.88% (above 0%: growing) | −97.49% (below 0%: shrinking) | 26.29% | 9.57% | |
| BRC Brady Corporation | $3.9B | 19.0× | 13.7× | +9.98% (above 0%: growing) | −7.62% (below 0%: shrinking) | +22.90% (above 0%: growing) | 52.90% | 13.76% | Compare |
| GEO Geo Group Inc (The) | $3.8B | 13.3× | 21.7× | +15.08% (above 0%: growing) | +71.43% (above 0%: growing) | +2,422.02% (above 0%: growing) | 27.51% | 13.89% | Compare |
| CXW CoreCivic, Inc. | $3.1B | 24.3× | 2.0× | +27.27% (above 0%: growing) | +8.57% (above 0%: growing) | +55.25% (above 0%: growing) | 21.74% | 10.07% | Compare |
| NSSC NAPCO Security Technologies, Inc. | $1.4B | 32.5× | 24.1× | +10.02% (above 0%: growing) | +51.52% (above 0%: growing) | +19.89% (above 0%: growing) | 61.31% | 33.02% | Compare |
| EVLV Evolv Technologies Holdings, Inc. | $878.5M | — (loss-making) | — (loss-making) | +34.44% (above 0%: growing) | n/m | +203.88% (above 0%: growing) | 50.17% | (24.11%) | Compare |
| Median of peers | $3.8B | 22.1× | 21.0× | +11.35% | +15.59% | +41.66% | 49.85% | 18.01% |
Pay and ownership Proxy statement filed 20 March 2026
Ownership
Directors and executive officers, together
less than 1%
BlackRock, Inc.
13.66%
The Vanguard Group
11.18%
FMR LLC (Fidelity Investments)
10.76%
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