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) Return on invested capital

Alert me on Return on invested capital

Brown & Brown, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 5.79%, up 0.6 percentage points from fiscal 2025 (5.15%). Over the past ten years it has ranged from 5.15% (fiscal 2025) to 10.5% (fiscal 2024) — the current reading is the lowest in ten years. That is in line with the Insurance Brokers industry median of 5.64% and above the Financial sector median of 4.70%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 5.15% (5.35)
FY2024 10.5% 0.37
FY2023 10.1% 1.73
FY2022 8.40% (1.64)
FY2021 10.0% 1.52
FY2020 8.52% 0.18
FY2019 8.34% 0.59
FY2018 7.75% (2.53)
FY2017 10.3% 0.30
FY2016 9.98% 0.38

Against its own ten years

Low 5.15% High 10.5%
Ten-year median 9.60%
Current reading's percentile 9

Return on invested capital against peers

Company Return on invested capital
CRVL CorVel Corp. compare 62.7%
ERIE Erie Indemnity Company compare 21.0%
MRSH Marsh compare 19.3%
WTW Willis Towers Watson Public Limited Company compare 11.4%
AON Aon plc compare 8.02%
RYAN Ryan Specialty Holdings Inc. compare 7.19%
BRO Brown & Brown, Inc. 5.79%
AJG Arthur J. Gallagher & Co. compare 5.07%
BWIN Baldwin Insurance Group, Inc. compare −2.29%
Insurance Brokers industry median 5.64%
Financial sector median 4.70%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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