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

72.15 2.23 −3.00%
Market cap
$24.7B
P/E
19.8×
Fwd P/E
20.5×
Dividend yield
0.94%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Brown & Brown, Inc. (BRO) Free cash flow

Alert me on Free cash flow

Brown & Brown, Inc.'s free cash flow for fiscal 2025 was $1.4B, up 19.7% from $1.2B in fiscal 2024. Over the twelve months to 30 September 2026 it was $1.5B. Over the past ten years it has ranged from $374.0M (fiscal 2015) to $1.4B (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 10 consecutive fiscal years. Brown & Brown, Inc. ranks 5th of 23 Insurance Brokers companies by free cash flow.

Free cash flow, annual

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Annual newest first

Period Free cash flow Change
FY2025 $1.4B 19.71%
FY2024 $1.2B 10.88%
FY2023 $1.0B 17.89%
FY2022 $889.0M 13.92%
FY2021 $780.4M 19.71%
FY2020 $651.9M 4.03%
FY2019 $626.7M 18.02%
FY2018 $531.0M 25.86%
FY2017 $421.9M 5.94%
FY2016 $398.2M 6.47%

Quarterly newest first

Period Free cash flow Change
Sep 2026 $493.0M 48.49%
Jun 2026 $332.0M 37.76%
Mar 2026 $241.0M (43.03%)
Dec 2025 $423.0M (6.42%)
43 more quarters

Against its own ten years

Low $374.0M High $1.4B
Ten-year median $651.9M
Current reading's percentile 100

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)

The full definition of Free cash flow →

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