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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Brown & Brown, Inc. (BRO) trades at a price to free cash flow of 16.2×. Over the past ten years it has ranged from 9.9× (September 2015) to 29.8× (March 2025); the current reading is higher than 33% of that period. That is below the Insurance Brokers industry median of 22.3× and above the Financial sector median of 9.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 17.8× (28.26%)
FY2024 24.8× 30.98%
FY2023 18.9× 6.70%
FY2022 17.7× (28.73%)
FY2021 24.9× 24.60%
FY2020 19.9× 16.21%
FY2019 17.2× 22.05%
FY2018 14.1× (14.77%)
FY2017 16.5× 7.70%
FY2016 15.3× 29.55%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 13.3× (8.80%)
Jun 2026 14.6× (3.64%)
Mar 2026 15.1× (14.84%)
Dec 2025 17.8× (24.53%)
43 more quarters

Against its own ten years

Low 9.9× High 29.8×
Ten-year median 17.9×
Current reading's percentile 33

Price to free cash flow against peers

Company Price to free cash flow
RYAN Ryan Specialty Holdings Inc. compare 11.7×
BRO Brown & Brown, Inc. 16.2×
AON Aon plc compare 22.3×
ERIE Erie Indemnity Company compare 23.7×
MRSH Marsh compare 23.9×
AJG Arthur J. Gallagher & Co. compare 32.3×
WTW Willis Towers Watson Public Limited Company compare 36.7×
CRVL CorVel Corp. compare 38.0×
BWIN Baldwin Insurance Group, Inc. compare 67.9×
Insurance Brokers industry median 22.3×
Financial sector median 9.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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