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%
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

Brown & Brown, Inc. (BRO) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Brown & Brown, Inc. (BRO) trades at a P/E ratio of 20.3×. Over the past ten years it has ranged from 15.4× (May 2026) to 35.3× (March 2025); the current reading is higher than 18% of that period. That is below the Insurance Brokers industry median of 22.1× and above the Financial sector median of 12.2×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 23.4× (20.27%)
FY2024 29.3× 26.79%
FY2023 23.1× (3.27%)
FY2022 23.9× (29.26%)
FY2021 33.8× 20.44%
FY2020 28.1× 0.90%
FY2019 27.8× 25.09%
FY2018 22.2× 24.44%
FY2017 17.9× (26.68%)
FY2016 24.4× 30.52%

Quarterly newest first

Period P/E ratio Change
Sep 2026 16.7× (6.67%)
Jun 2026 17.9× (3.54%)
Mar 2026 18.5× (20.74%)
Dec 2025 23.4× (16.27%)
43 more quarters

Against its own ten years

Low 15.4× High 35.3×
Ten-year median 25.3×
Current reading's percentile 20

P/E ratio against peers

Company P/E ratio
BWIN Baldwin Insurance Group, Inc. compare n/m
AON Aon plc compare 18.7×
BRO Brown & Brown, Inc. 20.3×
WTW Willis Towers Watson Public Limited Company compare 20.4×
ERIE Erie Indemnity Company compare 22.9×
MRSH Marsh compare 24.8×
CRVL CorVel Corp. compare 35.9×
AJG Arthur J. Gallagher & Co. compare 43.4×
RYAN Ryan Specialty Holdings Inc. compare 57.8×
Insurance Brokers industry median 22.1×
Financial sector median 12.2×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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