Saturday 17 October 2026
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Brown & Brown, Inc.
BRO Financial Insurance Brokers
Brown & Brown, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.9 billion, up 22.8% from fiscal 2024. In the quarter to June 2026, revenue grew 30.4%, EPS grew 8.86%, free cash flow grew 6.75% and total debt rose 2.84%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for ten, operating cash flow growth for ten; insiders bought in the last twelve months.
69.40
1.42
+2.09%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
23.37 | 29.32 | 23.12 | 23.90 | 33.79 | 28.05 | 27.80 | 22.23 | 17.86 | 24.36 |
Piotroski F-Score |
4 | 7 | 6 | 4 | 8 | 5 | 6 | 5 | 5 | 8 |
P/S ratio |
4.19 | 5.99 | 4.65 | 4.41 | 6.36 | 4.98 | 4.50 | 3.71 | 3.70 | 3.45 |
P/FCF ratio |
17.76 | 24.76 | 18.90 | 17.72 | 24.86 | 19.95 | 17.17 | 14.06 | 16.50 | 15.32 |
P/Operating CF |
55.65 | 79.69 | 64.74 | 56.01 | 107.17 | 74.99 | 46.56 | 35.22 | 54.22 | 66.39 |
P/B ratio |
1.97 | 4.47 | 3.55 | 3.42 | 4.62 | 3.46 | 3.21 | 2.49 | 2.70 | 2.59 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
4.87 | 6.26 | 5.00 | 4.94 | 6.54 | 5.29 | 4.74 | 4.07 | 3.78 | 3.62 |
EV/EBITDA |
14.12 | 17.82 | 15.19 | 14.73 | 20.43 | 16.88 | 15.76 | 13.35 | 11.90 | 11.17 |
EV/Operating CF |
19.84 | 25.63 | 21.09 | 20.04 | 24.67 | 19.39 | 16.74 | 14.44 | 16.10 | 15.56 |
EV/FCF |
20.68 | 25.90 | 20.33 | 19.86 | 25.56 | 21.21 | 18.11 | 15.44 | 16.86 | 16.06 |
Quick Ratio |
1.66 | 1.79 | 1.95 | 1.88 | 2.30 | 1.03 | 0.96 | 0.95 | 0.93 | 0.94 |
Current Ratio |
1.66 | 1.79 | 1.95 | 1.88 | 2.30 | 1.03 | 0.96 | 0.95 | 0.93 | 0.94 |
Net Debt/EBITDA |
1.99 | 0.78 | 1.06 | 1.59 | 0.57 | 1.01 | 0.82 | 1.19 | 0.25 | 0.51 |
Debt/Assets |
25.38% | 21.71% | 25.51% | 28.21% | 20.65% | 23.37% | 20.40% | 22.53% | 16.98% | 20.41% |
Debt/Equity |
0.61 | 0.59 | 0.68 | 0.86 | 0.48 | 0.56 | 0.46 | 0.50 | 0.38 | 0.46 |
Asset Turnover |
0.25 | 0.30 | 0.30 | 0.30 | 0.33 | 0.32 | 0.33 | 0.32 | 0.34 | 0.34 |
Operating CF/Net income |
1.39 | 1.20 | 1.18 | 1.34 | 1.41 | 1.53 | 1.76 | 1.69 | 1.13 | 1.64 |
Capex/Depreciation |
(0.16) | (0.06) | 0.58 | 0.04 | (0.19) | (0.45) | (0.39) | (0.33) | (0.18) | (0.12) |
Interest Coverage |
5.62 | 7.75 | 7.03 | 7.21 | 12.74 | 11.58 | 9.26 | 12.40 | 12.74 | 11.73 |
| 10.97% | 16.33% | 16.85% | 14.97% | 14.44% | 13.10% | 12.14% | 12.03% | 15.78% | 11.12% | |
| 4.38% | 6.04% | 5.95% | 5.55% | 6.12% | 5.61% | 5.39% | 5.40% | 7.08% | 4.89% | |
ROIC |
5.15% | 10.50% | 10.13% | 8.40% | 10.04% | 8.52% | 8.34% | 7.75% | 10.28% | 9.98% |
Return on Tangible Assets |
32.50% | 32.83% | 35.99% | 28.70% | 32.53% | 178.01% | 570.64% | 6,440.91% | (628.06%) | (3,342.92%) |
Average Days of Receivables |
222.64 | 268.76 | 174.91 | 240.61 | 153.04 | 159.60 | 152.79 | 164.94 | 198.71 | 119.95 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.67 | 0.56 | 0.60 | 0.59 | 0.59 | 0.61 | 0.61 | 0.65 | 0.58 | 0.64 |
Share Based Compensation of Revenue |
1.58% | 2.10% | 2.09% | 1.85% | 2.00% | 2.28% | 1.96% | 1.66% | 1.63% | 0.91% |
Graham Net Nets |
(0.42) | (0.18) | (0.25) | (0.32) | (0.15) | (0.22) | (0.21) | (0.27) | (0.19) | (0.25) |
Graham Number |
55.78 | 42.28 | 37.04 | 29.73 | 26.68 | 22.81 | 19.82 | 17.58 | 17.46 | 13.40 |
Earnings Yield |
4.28% | 3.41% | 4.33% | 4.18% | 2.96% | 3.56% | 3.60% | 4.50% | 5.60% | 4.11% |
Free Cash Flow Yield |
5.63% | 4.04% | 5.29% | 5.64% | 4.02% | 5.01% | 5.83% | 7.11% | 6.06% | 6.53% |
Revenue per Share |
19.04 | 17.04 | 15.20 | 12.85 | 11.06 | 9.53 | 8.78 | 7.43 | 6.90 | 6.49 |
Operating CF per Share |
4.68 | 4.16 | 3.61 | 3.17 | 2.93 | 2.60 | 2.49 | 2.09 | 1.62 | 1.51 |
Capex per Share |
(0.19) | (0.04) | 0.14 | 0.03 | (0.10) | (0.22) | (0.19) | (0.13) | (0.07) | (0.05) |
Free Cash Flow per Share |
4.49 | 4.12 | 3.74 | 3.20 | 2.83 | 2.38 | 2.30 | 1.96 | 1.55 | 1.46 |
Cash per Share |
11.45 | 8.87 | 8.23 | 7.31 | 5.33 | 4.64 | 3.53 | 2.87 | 3.02 | 2.87 |
Shareholders Equity per Share |
40.56 | 22.83 | 19.93 | 16.57 | 15.21 | 13.69 | 12.30 | 11.07 | 9.48 | 8.67 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
40.56 | 22.83 | 19.93 | 16.57 | 15.21 | 13.69 | 12.30 | 11.07 | 9.48 | 8.67 |
Free Cash Flow |
1,391.00 | 1,162.00 | 1,048.00 | 889.00 | 780.40 | 651.90 | 626.66 | 530.99 | 421.88 | 398.23 |
Working Capital |
2,842.00 | 2,669.00 | 2,114.00 | 2,056.50 | 1,552.90 | 60.28 | (81.05) | (95.18) | (139.16) | (83.31) |
Capital Expenditures |
(59.00) | (12.00) | 38.00 | 8.00 | (28.40) | (61.10) | (51.52) | (36.54) | (20.10) | (12.81) |
Net Current Asset Value |
(10,268.00) | (5,135.00) | (4,961.00) | (4,978.40) | (2,848.90) | (2,797.64) | (2,308.23) | (2,000.29) | (1,316.54) | (1,540.67) |
EV/EBIT |
17.25 | 20.11 | 15.95 | 17.36 | 24.10 | 20.24 | 19.25 | 16.30 | 14.58 | 13.81 |
Capex to Sales |
0.01 | 0.00 | (0.01) | 0.00 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
Price to Operating Income |
18.02 | 22.08 | 17.29 | 17.98 | 25.43 | 20.84 | 20.45 | 16.15 | 15.48 | 14.41 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
1.01 | 0.61 | 0.24 | 0.76 | 0.70 | 0.68 | 0.88 | 1.11 | 1.43 | 1.44 |
Cash ROIC |
5.86% | 9.10% | 8.97% | 8.40% | 10.15% | 9.15% | 10.68% | 10.05% | 9.63% | 9.45% |
Accounts Receivable Turnover |
1.65 | 1.72 | 1.94 | 1.97 | 2.52 | 2.44 | 2.50 | 2.08 | 2.34 | 3.38 |
Accounts Payable Turnover |
1.13 | 1.36 | 1.69 | 1.62 | 1.25 | 0.81 | 0.84 | 0.69 | 0.70 | 0.82 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
337.52 | 378.20 | 175.57 | 309.34 | 155.64 | 486.01 | 461.12 | 496.38 | 601.35 | 468.54 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
3,569.00 | 2,789.00 | 2,197.65 | 1,817.35 | 1,211.06 | 1,072.03 | 955.78 | 967.22 | 802.39 | 523.21 |
Average Payables |
2,603.50 | 1,772.50 | 1,295.95 | 1,118.95 | 1,305.31 | 1,782.63 | 1,553.16 | 1,546.20 | 1,413.20 | 1,125.51 |
Average Assets |
23,801.50 | 16,247.50 | 14,428.25 | 11,884.45 | 9,380.95 | 8,294.66 | 7,155.74 | 6,218.11 | 5,505.14 | 5,133.61 |
Average Common Equity |
9,505.00 | 6,008.00 | 5,092.80 | 4,401.75 | 3,975.56 | 3,552.25 | 3,175.42 | 2,791.63 | 2,471.46 | 2,254.99 |
Columns are period end dates