Friday 6 November 2026 Export BRO’s income statement to Excel — free account

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.

Revenue: +7.41%
EPS: +9.04%
Free cash flow: +9.07%
Total debt: +0.40%

Quarter to September 2026, against a year earlier

74.01 0.12 +0.16%

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Market cap: $24.7B
P/E: 20.3×
Fwd P/E: 20.5×
Dividend yield: 0.91%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
P/E ratio Full definition →	23.37	29.32	23.12	23.90	33.79	28.05	27.80	22.23	17.86	24.36
Piotroski F-Score Full definition →	4	7	6	4	8	5	6	5	5	8
P/S ratio Full definition →	4.19	5.99	4.65	4.41	6.36	4.98	4.50	3.71	3.70	3.45
P/FCF ratio Full definition →	17.76	24.76	18.90	17.72	24.86	19.95	17.17	14.06	16.50	15.32
P/Operating CF Full definition →	55.65	79.69	64.74	56.01	107.17	74.99	46.56	35.22	54.22	66.39
P/B ratio Full definition →	1.97	4.47	3.55	3.42	4.62	3.46	3.21	2.49	2.70	2.59
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	4.87	6.26	5.00	4.94	6.54	5.29	4.74	4.07	3.78	3.62
EV/EBITDA Full definition →	14.12	17.82	15.19	14.73	20.43	16.88	15.76	13.35	11.90	11.17
EV/Operating CF Full definition →	19.84	25.63	21.09	20.04	24.67	19.39	16.74	14.44	16.10	15.56
EV/FCF Full definition →	20.68	25.90	20.33	19.86	25.56	21.21	18.11	15.44	16.86	16.06
Quick Ratio Full definition →	1.66	1.79	1.95	1.88	2.30	1.03	0.96	0.95	0.93	0.94
Current Ratio Full definition →	1.66	1.79	1.95	1.88	2.30	1.03	0.96	0.95	0.93	0.94
Net Debt/EBITDA Full definition →	1.99	0.78	1.06	1.59	0.57	1.01	0.82	1.19	0.25	0.51
Debt/Assets Full definition →	25.38%	21.71%	25.51%	28.21%	20.65%	23.37%	20.40%	22.53%	16.98%	20.41%
Debt/Equity Full definition →	0.61	0.59	0.68	0.86	0.48	0.56	0.46	0.50	0.38	0.46
Asset Turnover Full definition →	0.25	0.30	0.30	0.30	0.33	0.32	0.33	0.32	0.34	0.34
Operating CF/Net income Full definition →	1.39	1.20	1.18	1.34	1.41	1.53	1.76	1.69	1.13	1.64
Capex/Depreciation Full definition →	(0.16)	(0.06)	0.58	0.04	(0.19)	(0.45)	(0.39)	(0.33)	(0.18)	(0.12)
Interest Coverage Full definition →	5.62	7.75	7.03	7.21	12.74	11.58	9.26	12.40	12.74	11.73
ROE Full definition →	10.97%	16.33%	16.85%	14.97%	14.44%	13.10%	12.14%	12.03%	15.78%	11.12%
ROA Full definition →	4.38%	6.04%	5.95%	5.55%	6.12%	5.61%	5.39%	5.40%	7.08%	4.89%
ROIC Full definition →	5.15%	10.50%	10.13%	8.40%	10.04%	8.52%	8.34%	7.75%	10.28%	9.98%
Return on Tangible Assets Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	1.58%	2.10%	2.09%	1.85%	2.00%	2.28%	1.96%	1.66%	1.63%	0.91%
Graham Net Nets Full definition →	(0.42)	(0.18)	(0.25)	(0.32)	(0.15)	(0.22)	(0.21)	(0.27)	(0.19)	(0.25)
Graham Number Full definition →	55.78	42.28	37.04	29.73	26.68	22.81	19.82	17.58	17.46	13.40
Earnings Yield Full definition →	4.28%	3.41%	4.33%	4.18%	2.96%	3.56%	3.60%	4.50%	5.60%	4.11%
Free Cash Flow Yield Full definition →	5.63%	4.04%	5.29%	5.64%	4.02%	5.01%	5.83%	7.11%	6.06%	6.53%
Revenue per Share Full definition →	19.04	17.04	15.20	12.85	11.06	9.53	8.78	7.43	6.90	6.49
Operating CF per Share Full definition →	4.68	4.16	3.61	3.17	2.93	2.60	2.49	2.09	1.62	1.51
Capex per Share Full definition →	(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 Full definition →	4.49	4.12	3.74	3.20	2.83	2.38	2.30	1.96	1.55	1.46
Cash per Share Full definition →	11.45	8.87	8.23	7.31	5.33	4.64	3.53	2.87	3.02	2.87
Shareholders Equity per Share Full definition →	40.56	22.83	19.93	16.57	15.21	13.69	12.30	11.07	9.48	8.67
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	40.56	22.83	19.93	16.57	15.21	13.69	12.30	11.07	9.48	8.67
Free Cash Flow Full definition →	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 Full definition →	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 Full definition →	(59.00)	(12.00)	38.00	8.00	(28.40)	(61.10)	(51.52)	(36.54)	(20.10)	(12.81)
Net Current Asset Value Full definition →	(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 Full definition →	17.25	20.11	15.95	17.36	24.10	20.24	19.25	16.30	14.58	13.81
Capex to Sales Full definition →	0.01	0.00	(0.01)	0.00	0.01	0.02	0.02	0.02	0.01	0.01
Price to Operating Income Full definition →	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 Full definition →	1.01	0.61	0.24	0.76	0.70	0.68	0.88	1.11	1.43	1.44
Cash ROIC Full definition →	5.86%	9.10%	8.97%	8.40%	10.15%	9.15%	10.68%	10.05%	9.63%	9.45%
Accounts Receivable Turnover Full definition →	1.65	1.72	1.94	1.97	2.52	2.44	2.50	2.08	2.34	3.38
Accounts Payable Turnover Full definition →	1.13	1.36	1.69	1.62	1.25	0.81	0.84	0.69	0.70	0.82
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	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 Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	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

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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