Brink's (BCO) Financials

$83.36 -1.03 (-1.22%)

Closing price 05/28/2025 03:59 PM Eastern

Extended Trading

$84.11 +0.75 (+0.90%)

As of 08:36 AM Eastern

Annual Income Statements for Brink's

This table shows Brink's' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	163	88	171	105	16	29	-33	17	35	-12
Consolidated Net Income / (Loss)	175	98	182	117	22	33	-28	24	45	-28
Net Income / (Loss) Continuing Operations	174	97	185	115	23	33	-28	24	47	-25
Total Pre-Tax Income	266	236	226	236	79	94	43	182	125	41
Total Operating Income	453	425	361	355	214	237	275	274	185	96
Total Gross Profit	1,269	1,168	1,074	964	814	851	786	739	629	618
Total Revenue	5,012	4,875	4,536	4,200	3,691	3,683	3,489	3,347	3,021	3,061
Operating Revenue	5,012	4,875	4,536	4,200	3,691	3,683	3,489	3,347	3,021	3,061
Total Cost of Revenue	3,743	3,707	3,462	3,236	2,877	2,832	2,703	2,608	2,392	2,444
Operating Cost of Revenue	3,743	3,707	3,462	3,236	2,877	2,832	2,703	2,608	2,392	2,444
Total Operating Expenses	816	742	712	610	600	614	511	465	444	521
Selling, General & Admin Expense	835	688	687	630	585	605	509	468	424	452
Other Operating Expenses / (Income)	-19	54	25	-20	16	9.40	1.70	-3.30	20	69
Total Other Income / (Expense), net	-187	-189	-135	-119	-134	-143	-232	-92	-60	-55
Interest Expense	187	189	135	119	134	143	106	32	20	19
Income Tax Expense	93	139	41	120	57	61	70	158	79	67
Net Income / (Loss) Discontinued Operations	2.20	1.70	-2.90	2.10	-0.80	0.70	0.00	-0.40	-1.70	-2.80
Net Income / (Loss) Attributable to Noncontrolling Interest	12	11	11	12	5.90	4.20	5.80	6.90	10	-16
Basic Earnings per Share	$3.68	$1.90	$3.61	$2.12	$0.32	$0.58	($0.65)	$0.33	$0.69	($0.24)
Weighted Average Basic Shares Outstanding	44.30M	46.20M	47.30M	49.50M	50.40M	50.20M	50.90M	50.70M	50M	49.30M
Diluted Earnings per Share	$3.63	$1.87	$3.57	$2.10	$0.31	$0.57	($0.65)	$0.32	$0.68	($0.24)
Weighted Average Diluted Shares Outstanding	44.80M	46.90M	47.80M	50.10M	50.80M	51.10M	50.90M	51.80M	50.60M	49.30M
Weighted Average Basic & Diluted Shares Outstanding	43.14M	44.41M	93.03M	95.10M	99.02M	100M	51.20M	50.58M	64.90M	117.50M
Cash Dividends to Common per Share	$0.95	$0.86	$0.80	$0.75	$0.60	$0.60	$0.60	$0.55	$0.40	$0.40

This table shows Brink's' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	39	29	46	49	-5.00	46	32	15	45	19
Consolidated Net Income / (Loss)	41	32	50	52	-4.50	49	35	18	47	23
Net Income / (Loss) Continuing Operations	40	32	50	52	-5.70	50	35	18	50	23
Total Pre-Tax Income	57	59	72	78	53	87	59	38	94	31
Total Operating Income	105	112	116	121	102	138	106	80	143	60
Total Gross Profit	330	315	315	309	324	306	272	265	317	256
Total Revenue	1,264	1,259	1,253	1,236	1,246	1,227	1,216	1,185	1,191	1,137
Operating Revenue	1,264	1,259	1,253	1,236	1,246	1,227	1,216	1,185	1,191	1,137
Total Cost of Revenue	935	944	938	927	922	921	944	920	874	881
Operating Cost of Revenue	935	944	938	927	922	921	944	920	874	881
Total Operating Expenses	225	203	199	188	222	169	167	185	174	197
Selling, General & Admin Expense	237	202	194	201	171	170	171	177	167	181
Other Operating Expenses / (Income)	-12	1.00	5.00	-13	51	-1.30	-3.80	8.30	6.90	16
Total Other Income / (Expense), net	-48	-53	-44	-43	-50	-51	-47	-42	-49	-28
Interest Expense	11	63	57	56	38	54	51	47	40	35
Income Tax Expense	17	27	22	26	58	37	23	20	45	8.50
Net Income / (Loss) Discontinued Operations	2.40	0.00	-0.20	0.00	1.40	-0.20	-0.20	0.70	-2.60	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	2.30	3.00	3.60	2.90	0.50	3.80	3.00	3.30	2.00	3.40
Basic Earnings per Share	$0.89	$0.66	$1.03	$1.10	($0.09)	$0.98	$0.69	$0.32	$0.97	$0.41
Weighted Average Basic Shares Outstanding	44.30M	44.20M	44.60M	44.80M	46.20M	46.50M	46.70M	46.70M	47.30M	47.40M
Diluted Earnings per Share	$0.87	$0.65	$1.02	$1.09	($0.10)	$0.97	$0.68	$0.32	$0.96	$0.40
Weighted Average Diluted Shares Outstanding	44.80M	44.80M	45.10M	45.30M	46.90M	47.10M	47.30M	47.40M	47.80M	47.50M
Weighted Average Basic & Diluted Shares Outstanding	43.14M	43.64M	44.14M	44.46M	44.41M	45.05M	46.43M	46.43M	93.03M	46.45M

This table details how cash moves in and out of Brink's' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	157	273	324	144	474	-11	-247	488	41	5.70
Net Cash From Operating Activities	426	702	480	478	318	369	364	296	190	196
Net Cash From Continuing Operating Activities	426	702	480	478	318	369	364	296	190	198
Net Income / (Loss) Continuing Operations	174	97	185	115	23	33	-28	24	47	-25
Consolidated Net Income / (Loss)	175	98	182	117	22	33	-28	24	45	-28
Net Income / (Loss) Discontinued Operations	1.10	1.70	-2.90	2.10	-0.80	0.70	0.00	-0.20	-1.70	-2.80
Depreciation Expense	293	276	246	240	207	185	162	147	132	140
Non-Cash Adjustments To Reconcile Net Income	-92	268	174	131	184	152	181	66	53	109
Changes in Operating Assets and Liabilities, net	51	62	-124	-7.30	-96	-1.00	48	60	-41	-25
Net Cash From Investing Activities	-216	-180	-331	-455	-565	-333	-673	-395	-109	-104
Net Cash From Continuing Investing Activities	-216	-181	-331	-455	-565	-333	-673	-395	-109	-104
Purchase of Property, Plant & Equipment	-223	-203	-183	-168	-119	-165	-155	-175	-112	-101
Acquisitions	-19	-1.50	-174	-313	-440	-184	-521	-225	-0.70	0.00
Purchase of Investments	-72	-135	-30	-16	-2.90	-12	-62	-38	-9.20	-27
Sale of Property, Plant & Equipment	29	18	5.70	7.70	5.30	10	4.00	1.90	4.70	1.90
Divestitures	0.00	1.10	0.00	0.00	-2.60	11	8.40	1.40	-0.60	-15
Sale and/or Maturity of Investments	57	150	76	35	2.00	1.30	54	38	9.10	34
Other Investing Activities, net	11	-12	-26	-0.80	-9.00	4.70	-0.90	1.10	0.00	3.50
Net Cash From Discontinued Investing Activities	0.00	0.90	0.00	0.00	-	-	-	-	-	-
Net Cash From Financing Activities	42	-207	245	171	684	-38	93	587	-25	-53
Net Cash From Continuing Financing Activities	42	-207	245	171	684	-38	93	587	-25	-53
Repayment of Debt	-13,391	-9,360	-6,884	-2,974	-1,125	-1,200	-700	-1,337	-528	-700
Repurchase of Common Equity	-204	-170	-52	-200	-50	0.00	-94	0.00	0.00	-
Payment of Dividends	-48	-48	-53	-42	-47	-32	-57	-32	-24	-25
Issuance of Debt	13,705	9,390	7,249	3,389	1,913	1,228	971	2,053	519	656
Other Financing Activities, net	-19	-19	-15	-1.00	-7.90	-33	-28	-97	5.60	16
Effect of Exchange Rate Changes	-95	-	-70	-51	38	-8.10	-32	-0.90	-16	-34

This table details how cash moves in and out of Brink's' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	202	21	-63	-3.00	363	-3.10	105	-192	62	247
Net Cash From Operating Activities	370	58	-66	64	409	188	150	-45	279	159
Net Cash From Continuing Operating Activities	370	58	-66	64	409	188	150	-45	279	159
Net Income / (Loss) Continuing Operations	40	32	50	52	-5.70	50	35	18	50	23
Consolidated Net Income / (Loss)	41	32	50	52	-4.50	49	35	18	47	23
Net Income / (Loss) Discontinued Operations	1.20	-	-0.10	0.00	1.20	-0.10	-0.10	0.70	-2.70	-
Depreciation Expense	73	75	73	72	70	69	70	68	66	59
Non-Cash Adjustments To Reconcile Net Income	88	-128	-147	95	255	18	21	-26	77	25
Changes in Operating Assets and Liabilities, net	169	79	-42	-155	91	51	24	-105	87	53
Net Cash From Investing Activities	-35	-65	-71	-46	-32	-3.30	-87	-58	-219	-9.60
Net Cash From Continuing Investing Activities	-35	-65	-71	-46	-32	-3.30	-88	-58	-219	-9.60
Purchase of Property, Plant & Equipment	-63	-51	-57	-52	-70	-44	-44	-45	-51	-48
Acquisitions	-4.70	-	-15	0.70	-1.50	-	-	0.00	-160	-0.20
Purchase of Investments	-13	-58	-1.10	-0.30	-76	-14	-41	-3.20	11	-33
Sale of Property, Plant & Equipment	17	7.50	1.00	3.50	13	4.70	0.70	0.30	2.40	1.30
Sale and/or Maturity of Investments	14	42	0.40	0.80	102	48	0.60	0.30	4.00	71
Other Investing Activities, net	13	-5.20	0.90	1.70	1.20	1.70	-3.70	-11	-26	-0.10
Net Cash From Financing Activities	-57	0.40	100	-1.30	0.30	-153	43	-97	-47	155
Net Cash From Continuing Financing Activities	-57	0.40	100	-1.30	0.30	-153	43	-97	-47	155
Repayment of Debt	-3,689	-3,596	-3,609	-2,498	-2,580	-2,436	-2,278	-2,066	-2,010	-1,792
Repurchase of Common Equity	-78	-60	-43	-23	-64	-88	-1.50	-16	-25	-27
Payment of Dividends	-11	-16	-11	-10	-11	-14	-13	-9.70	-9.50	-21
Issuance of Debt	3,722	3,674	3,763	2,546	2,656	2,387	2,341	2,006	1,999	1,996
Other Financing Activities, net	-0.70	-1.50	-0.40	-17	-1.00	-1.50	-4.90	-12	-2.00	-0.30
Effect of Exchange Rate Changes	-76	-	-	-20	-	-34	-1.00	7.70	48	-58

This table presents Brink's' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	6,623	6,602	6,366	5,567	5,136	3,764	3,236	3,060	1,995	1,947
Total Current Assets	2,888	2,788	2,597	2,000	1,815	1,233	1,207	1,488	844	778
Cash & Equivalents	1,395	1,177	972	710	621	311	343	614	184	182
Restricted Cash	445	507	439	376	322	158	136	113	56	16
Accounts Receivable	734	779	862	702	679	636	600	642	501	478
Prepaid Expenses	314	326	325	211	193	128	128	119	104	101
Plant, Property, & Equipment, net	983	1,013	935	866	838	763	699	641	531	549
Total Noncurrent Assets	2,753	2,800	2,833	2,702	2,483	1,768	1,330	931	620	620
Goodwill	1,435	1,474	1,451	1,412	1,219	785	679	454	186	185
Intangible Assets	422	488	536	491	426	273	229	106	19	29
Noncurrent Deferred & Refundable Income Taxes	239	232	246	239	315	274	237	226	328	330
Other Noncurrent Operating Assets	656	606	601	559	522	437	186	145	87	76
Total Liabilities & Shareholders' Equity	6,623	6,602	6,366	5,567	5,136	3,764	3,236	3,060	1,995	1,947
Total Liabilities	6,311	6,082	5,796	5,314	4,933	3,556	3,069	2,721	1,640	1,616
Total Current Liabilities	1,898	1,944	1,675	1,429	1,336	1,002	849	835	754	642
Short-Term Debt	291	269	130	125	152	89	82	97	196	72
Accounts Payable	317	250	297	211	206	185	175	175	139	155
Accrued Expenses	1,058	1,127	1,019	877	779	628	502	489	386	401
Other Current Liabilities	233	299	229	216	200	100	-	-	-	-
Total Noncurrent Liabilities	4,412	4,138	4,121	3,885	3,597	2,554	2,220	1,887	886	974
Long-Term Debt	3,605	3,263	3,273	2,842	2,334	1,555	1,472	1,140	248	358
Noncurrent Deferred & Payable Income Tax Liabilities	63	57	68	49	43	21	17	25	7.60	8.10
Noncurrent Employee Benefit Liabilities	234	308	306	542	702	577	563	572	495	479
Other Noncurrent Operating Liabilities	510	510	475	453	518	402	169	150	136	130
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	313	520	570	253	203	208	167	338	355	331
Total Preferred & Common Equity	185	397	447	123	129	192	154	317	337	318
Total Common Equity	185	397	447	123	129	192	154	317	337	318
Common Stock	704	720	730	718	721	713	678	679	668	649
Retained Earnings	285	333	417	313	408	457	429	565	576	561
Accumulated Other Comprehensive Income / (Loss)	-804	-656	-701	-908	-1,000	-979	-953	-927	-907	-892
Noncontrolling Interest	128	123	123	130	74	16	13	21	18	13

This table presents Brink's' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	6,671	6,562	6,679	6,265	6,411	6,253	5,933
Total Current Assets	2,837	2,819	2,905	2,462	2,517	2,448	2,447
Cash & Equivalents	1,226	1,189	1,123	934	890	817	1,019
Restricted Cash	413	429	558	387	434	402	330
Accounts Receivable	849	843	857	801	851	877	788
Prepaid Expenses	348	358	368	341	343	353	310
Plant, Property, & Equipment, net	984	975	1,003	966	990	954	845
Total Noncurrent Assets	2,850	2,768	2,771	2,837	2,904	2,852	2,642
Goodwill	1,485	1,454	1,458	1,448	1,468	1,459	1,342
Intangible Assets	453	456	469	492	516	527	447
Noncurrent Deferred & Refundable Income Taxes	241	226	226	242	242	249	277
Other Noncurrent Operating Assets	671	632	618	655	678	616	576
Total Liabilities & Shareholders' Equity	6,671	6,562	6,679	6,265	6,411	6,253	5,933
Total Liabilities	6,263	6,115	6,159	5,681	5,747	5,648	5,614
Total Current Liabilities	1,802	1,793	1,992	1,625	1,620	1,603	1,348
Short-Term Debt	275	272	281	217	217	181	103
Accounts Payable	235	230	265	207	232	249	194
Accrued Expenses	1,101	1,077	1,105	1,017	949	986	888
Other Current Liabilities	191	215	341	184	221	188	164
Total Noncurrent Liabilities	4,460	4,322	4,168	4,056	4,128	4,046	4,266
Long-Term Debt	3,576	3,475	3,309	3,202	3,251	3,190	3,269
Noncurrent Deferred & Payable Income Tax Liabilities	60	59	58	60	61	63	48
Noncurrent Employee Benefit Liabilities	298	300	301	298	307	301	503
Other Noncurrent Operating Liabilities	526	487	500	497	508	491	446
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	408	447	520	584	664	605	319
Total Preferred & Common Equity	277	321	396	463	541	479	203
Total Common Equity	277	321	396	463	541	479	203
Common Stock	709	711	711	726	741	733	724
Retained Earnings	322	354	354	398	431	411	399
Accumulated Other Comprehensive Income / (Loss)	-754	-744	-669	-661	-631	-665	-921
Noncontrolling Interest	131	126	124	122	123	126	117

This table displays calculated financial ratios and metrics derived from Brink's' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.82%	7.48%	7.98%	13.80%	0.21%	5.57%	4.24%	10.81%	-1.33%	-14.06%
EBITDA Growth	6.46%	15.47%	2.17%	41.38%	-0.36%	-3.48%	21.29%	30.07%	38.57%	46.66%
EBIT Growth	6.54%	17.69%	1.86%	66.14%	-9.84%	-13.80%	28.54%	46.97%	142.33%	334.38%
NOPAT Growth	69.53%	-40.99%	70.12%	183.90%	-25.75%	146.31%	-594.89%	-47.67%	215.20%	-209.48%
Net Income Growth	77.72%	-45.96%	55.07%	435.62%	-34.04%	220.73%	-216.53%	-47.32%	258.87%	75.44%
EPS Growth	94.12%	-47.62%	70.00%	577.42%	-45.61%	187.69%	-303.13%	-52.94%	383.33%	85.96%
Operating Cash Flow Growth	-39.35%	46.36%	0.40%	50.46%	-13.81%	1.24%	22.84%	55.75%	-2.86%	38.64%
Free Cash Flow Firm Growth	-20.03%	373.73%	36.98%	29.20%	-413.67%	89.70%	-125.56%	-449.40%	-48.93%	-19.67%
Invested Capital Growth	0.02%	-7.59%	20.16%	22.19%	26.27%	11.37%	46.36%	51.70%	-0.68%	-26.35%
Revenue Q/Q Growth	0.37%	1.13%	2.09%	1.86%	2.38%	0.77%	0.13%	3.07%	1.26%	-3.63%
EBITDA Q/Q Growth	0.80%	-5.04%	0.31%	7.30%	12.80%	-1.22%	10.41%	5.78%	9.53%	34.89%
EBIT Q/Q Growth	0.53%	-8.76%	-0.71%	10.46%	22.07%	-3.23%	16.35%	6.80%	19.38%	2,300.00%
NOPAT Q/Q Growth	33.83%	-31.71%	6.47%	20.21%	205.86%	-40.91%	73.66%	-73.27%	25.74%	-85,008.10%
Net Income Q/Q Growth	35.01%	-34.38%	-2.68%	27.92%	436.92%	-53.24%	76.05%	-74.09%	52.90%	62.60%
EPS Q/Q Growth	36.47%	-36.18%	-1.11%	30.43%	224.00%	-56.49%	72.34%	-79.75%	88.89%	78.57%
Operating Cash Flow Q/Q Growth	-8.51%	22.71%	18.52%	-5.14%	4.44%	0.35%	18.21%	9.66%	17.40%	22.74%
Free Cash Flow Firm Q/Q Growth	4.22%	529.66%	-1,936.58%	-803.50%	33.33%	-366.58%	49.44%	-107.22%	-18.42%	-46.79%
Invested Capital Q/Q Growth	-9.63%	-11.74%	9.42%	2.92%	-8.34%	-8.40%	-8.54%	-6.07%	-13.51%	-17.30%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.32%	23.95%	23.67%	22.96%	22.04%	23.11%	22.52%	22.07%	20.82%	20.18%
EBITDA Margin	14.89%	14.38%	13.39%	14.15%	11.39%	11.45%	12.53%	10.76%	9.17%	6.53%
Operating Margin	9.04%	8.72%	7.97%	8.44%	5.78%	6.43%	7.87%	8.18%	6.11%	3.15%
EBIT Margin	9.04%	8.72%	7.97%	8.44%	5.78%	6.43%	7.87%	6.38%	4.81%	1.96%
Profit (Net Income) Margin	3.49%	2.02%	4.01%	2.79%	0.59%	0.90%	-0.79%	0.71%	1.48%	-0.92%
Tax Burden Percent	65.60%	41.69%	80.42%	49.81%	27.62%	35.51%	-64.71%	13.00%	35.84%	-68.61%
Interest Burden Percent	58.79%	55.46%	62.61%	66.39%	37.14%	39.48%	15.47%	84.93%	85.97%	68.50%
Effective Tax Rate	34.81%	59.03%	18.30%	51.08%	71.37%	65.24%	164.71%	86.89%	62.80%	161.80%
Return on Invested Capital (ROIC)	12.47%	7.07%	12.57%	8.95%	3.91%	6.28%	-17.02%	5.11%	12.24%	-8.98%
ROIC Less NNEP Spread (ROIC-NNEP)	6.29%	3.11%	6.72%	5.66%	1.02%	1.91%	1.95%	1.66%	1.31%	3.03%
Return on Net Nonoperating Assets (RNNOA)	29.49%	10.96%	31.64%	42.60%	6.77%	11.47%	6.12%	1.71%	0.84%	1.97%
Return on Equity (ROE)	41.96%	18.03%	44.21%	51.55%	10.68%	17.74%	-10.90%	6.81%	13.07%	-7.01%
Cash Return on Invested Capital (CROIC)	12.45%	14.96%	-5.74%	-11.03%	-19.31%	-4.48%	-54.65%	-35.97%	12.91%	21.38%
Operating Return on Assets (OROA)	6.85%	6.56%	6.06%	6.63%	4.80%	6.77%	8.73%	8.46%	7.38%	2.90%
Return on Assets (ROA)	2.64%	1.52%	3.05%	2.19%	0.49%	0.95%	-0.87%	0.93%	2.27%	-1.36%
Return on Common Equity (ROCE)	29.34%	13.96%	30.64%	28.52%	8.35%	16.38%	-10.17%	6.43%	12.49%	-6.55%
Return on Equity Simple (ROE_SIMPLE)	94.48%	24.74%	40.68%	95.37%	17.00%	17.31%	-17.89%	7.44%	13.29%	-8.87%
Net Operating Profit after Tax (NOPAT)	295	174	295	174	61	82	-178	36	69	-60
NOPAT Margin	5.89%	3.57%	6.51%	4.13%	1.66%	2.23%	-5.09%	1.07%	2.27%	-1.95%
Net Nonoperating Expense Percent (NNEP)	6.18%	3.95%	5.85%	3.28%	2.89%	4.37%	-18.97%	3.45%	10.92%	-12.01%
Return On Investment Capital (ROIC_SIMPLE)	7.02%	4.30%	7.43%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	74.68%	76.05%	76.33%	77.04%	77.96%	76.89%	77.48%	77.93%	79.18%	79.82%
SG&A Expenses to Revenue	16.65%	14.12%	15.15%	14.99%	15.84%	16.42%	14.59%	13.99%	14.05%	14.76%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.28%	15.23%	15.71%	14.52%	16.26%	16.68%	14.64%	13.89%	14.71%	17.03%
Earnings before Interest and Taxes (EBIT)	453	425	361	355	214	237	275	214	145	60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	746	701	607	594	420	422	437	360	277	200
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	21.84	9.85	5.44	25.34	26.45	22.34	19.97	11.65	5.63	4.04
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	14.40	12.34
Price to Revenue (P/Rev)	0.81	0.80	0.54	0.74	0.92	1.16	0.88	1.10	0.63	0.42
Price to Earnings (P/E)	24.79	44.62	14.26	29.62	212.92	147.77	0.00	221.34	55.01	0.00
Dividend Yield	1.02%	0.99%	1.53%	1.18%	0.87%	0.70%	0.99%	0.75%	1.05%	1.52%
Earnings Yield	4.03%	2.24%	7.01%	3.38%	0.47%	0.68%	0.00%	0.45%	1.82%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.63	2.48	1.78	2.40	2.88	3.96	3.35	4.98	3.79	2.72
Enterprise Value to Revenue (EV/Rev)	1.24	1.21	1.00	1.22	1.36	1.49	1.19	1.26	0.70	0.50
Enterprise Value to EBITDA (EV/EBITDA)	8.34	8.39	7.49	8.63	11.95	12.98	9.51	11.73	7.65	7.65
Enterprise Value to EBIT (EV/EBIT)	13.73	13.84	12.59	14.45	23.53	23.12	15.13	19.78	14.58	25.49
Enterprise Value to NOPAT (EV/NOPAT)	21.07	33.78	15.41	29.54	82.19	66.53	0.00	117.69	30.89	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	14.60	8.38	9.48	10.72	15.81	14.86	11.42	14.26	11.14	7.81
Enterprise Value to Free Cash Flow (EV/FCFF)	21.10	15.96	0.00	0.00	0.00	0.00	0.00	0.00	29.27	10.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	12.47	6.79	5.97	11.74	12.28	7.92	9.33	3.66	1.25	1.30
Long-Term Debt to Equity	11.54	6.27	5.74	11.25	11.53	7.49	8.83	3.37	0.70	1.08
Financial Leverage	4.69	3.52	4.71	7.52	6.63	6.01	3.14	1.03	0.64	0.65
Leverage Ratio	15.88	11.89	14.50	23.52	21.70	18.71	12.47	7.29	5.75	5.15
Compound Leverage Factor	9.34	6.60	9.08	15.61	8.06	7.39	1.93	6.19	4.94	3.52
Debt to Total Capital	92.57%	87.16%	85.65%	92.15%	92.47%	88.79%	90.32%	78.53%	55.54%	56.56%
Short-Term Debt to Total Capital	6.91%	6.63%	3.26%	3.88%	5.64%	4.80%	4.79%	6.17%	24.51%	9.51%
Long-Term Debt to Total Capital	85.66%	80.53%	82.39%	88.27%	86.83%	83.99%	85.53%	72.36%	31.03%	47.05%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.03%	3.03%	3.10%	4.03%	2.74%	0.85%	0.75%	1.32%	2.22%	1.67%
Common Equity to Total Capital	4.39%	9.81%	11.25%	3.82%	4.79%	10.36%	8.93%	20.15%	42.24%	41.77%
Debt to EBITDA	5.22	5.04	5.61	4.99	5.91	3.90	3.56	3.43	1.60	2.15
Net Debt to EBITDA	2.75	2.64	3.28	3.16	3.67	2.78	2.46	1.41	0.74	1.16
Long-Term Debt to EBITDA	4.83	4.65	5.39	4.78	5.55	3.69	3.37	3.16	0.89	1.79
Debt to NOPAT	13.19	20.27	11.53	17.10	40.67	19.97	-8.74	34.43	6.46	-7.23
Net Debt to NOPAT	6.96	10.61	6.75	10.84	25.24	14.27	-6.05	14.19	2.98	-3.90
Long-Term Debt to NOPAT	12.21	18.73	11.09	16.38	38.19	18.89	-8.28	31.73	3.61	-6.01
Altman Z-Score	1.61	1.56	1.42	1.52	1.49	2.15	2.28	2.65	2.91	2.64
Noncontrolling Interest Sharing Ratio	30.07%	22.55%	30.71%	44.67%	21.82%	7.67%	6.68%	5.56%	4.44%	6.53%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.52	1.43	1.55	1.40	1.36	1.23	1.42	1.78	1.12	1.21
Quick Ratio	1.12	1.01	1.10	0.99	0.97	0.94	1.11	1.51	0.91	1.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	295	369	-135	-214	-302	-59	-571	-253	72	142
Operating Cash Flow to CapEx	220.38%	381.12%	271.28%	298.38%	280.65%	238.58%	240.97%	171.73%	177.02%	197.48%
Free Cash Flow to Firm to Interest Expense	1.58	1.95	-1.00	-1.79	-2.25	-0.41	-5.41	-7.86	3.55	7.50
Operating Cash Flow to Interest Expense	2.28	3.71	3.55	4.01	2.37	2.57	3.45	9.21	9.33	10.37
Operating Cash Flow Less CapEx to Interest Expense	1.25	2.74	2.24	2.67	1.52	1.49	2.02	3.84	4.06	5.12
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.76	0.75	0.76	0.78	0.83	1.05	1.11	1.32	1.53	1.48
Accounts Receivable Turnover	6.63	5.94	5.80	6.08	5.61	5.96	5.62	5.85	6.17	6.07
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	5.02	5.00	5.04	4.93	4.61	5.04	5.21	5.71	5.59	5.02
Accounts Payable Turnover	13.22	13.57	13.64	15.51	14.74	15.77	15.48	16.62	16.24	15.09
Days Sales Outstanding (DSO)	55.08	61.44	62.93	60.00	65.01	61.20	64.96	62.35	59.16	60.13
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	27.61	26.89	26.76	23.53	24.77	23.14	23.57	21.96	22.48	24.19
Cash Conversion Cycle (CCC)	27.46	34.56	36.17	36.47	40.24	38.06	41.38	40.38	36.68	35.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,368	2,368	2,563	2,133	1,745	1,382	1,241	848	559	563
Invested Capital Turnover	2.12	1.98	1.93	2.17	2.36	2.81	3.34	4.76	5.39	4.61
Increase / (Decrease) in Invested Capital	0.40	-195	430	387	363	141	393	289	-3.80	-201
Enterprise Value (EV)	6,222	5,884	4,548	5,126	5,023	5,476	4,156	4,227	2,120	1,530
Market Capitalization	4,038	3,914	2,433	3,117	3,407	4,285	3,069	3,696	1,898	1,285
Book Value per Share	$4.24	$8.82	$9.63	$2.50	$2.61	$3.83	$3.04	$6.29	$6.76	$6.50
Tangible Book Value per Share	($38.32)	($34.73)	($33.14)	($36.21)	($30.68)	($17.30)	($14.89)	($4.79)	$2.64	$2.13
Total Capital	4,209	4,052	3,973	3,219	2,688	1,851	1,721	1,575	798	761
Total Debt	3,896	3,531	3,403	2,967	2,486	1,644	1,554	1,237	443	431
Total Long-Term Debt	3,605	3,263	3,273	2,842	2,334	1,555	1,472	1,140	248	358
Net Debt	2,056	1,848	1,992	1,880	1,543	1,175	1,075	510	204	232
Capital Expenditures (CapEx)	193	184	177	160	113	155	151	173	108	99
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-560	-571	-358	-391	-313	-150	-40	24	47	10
Debt-free Net Working Capital (DFNWC)	1,281	1,113	1,052	696	630	319	440	750	286	208
Net Working Capital (NWC)	990	844	923	571	479	231	357	653	90	136
Net Nonoperating Expense (NNE)	121	76	113	56	39	49	-150	12	24	-31
Net Nonoperating Obligations (NNO)	2,056	1,848	1,992	1,880	1,543	1,175	1,075	510	204	232
Total Depreciation and Amortization (D&A)	293	276	246	240	207	185	162	147	132	140
Debt-free, Cash-free Net Working Capital to Revenue	-11.17%	-11.71%	-7.90%	-9.31%	-8.47%	-4.06%	-1.15%	0.70%	1.54%	0.33%
Debt-free Net Working Capital to Revenue	25.55%	22.83%	23.20%	16.56%	17.07%	8.67%	12.60%	22.42%	9.45%	6.80%
Net Working Capital to Revenue	19.74%	17.32%	20.34%	13.58%	12.97%	6.26%	10.24%	19.52%	2.98%	4.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.68	$1.90	$3.61	$2.12	$0.32	$0.58	($0.65)	$0.33	$0.69	($0.24)
Adjusted Weighted Average Basic Shares Outstanding	44.30M	46.20M	47.30M	49.50M	50.40M	50.20M	50.90M	50.70M	50M	49.30M
Adjusted Diluted Earnings per Share	$3.63	$1.87	$3.57	$2.10	$0.31	$0.57	($0.65)	$0.32	$0.68	($0.24)
Adjusted Weighted Average Diluted Shares Outstanding	44.80M	46.90M	47.80M	50.10M	50.80M	51.10M	50.90M	51.80M	50.60M	49.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	43.14M	44.41M	93.03M	95.10M	99.02M	50.17M	49.65M	50.58M	50.04M	48.97M
Normalized Net Operating Profit after Tax (NOPAT)	295	298	295	248	149	166	192	192	129	67
Normalized NOPAT Margin	5.89%	6.11%	6.51%	5.91%	4.05%	4.50%	5.51%	5.73%	4.28%	2.20%
Pre Tax Income Margin	5.31%	4.84%	4.99%	5.61%	2.15%	2.54%	1.22%	5.42%	4.14%	1.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.43	2.25	2.67	2.98	1.59	1.65	2.60	6.64	7.13	3.17
NOPAT to Interest Expense	1.58	0.92	2.18	1.46	0.46	0.57	-1.68	1.12	3.36	-3.15
EBIT Less CapEx to Interest Expense	1.39	1.27	1.36	1.63	0.75	0.57	1.17	1.28	1.86	-2.07
NOPAT Less CapEx to Interest Expense	0.55	-0.05	0.88	0.11	-0.39	-0.50	-3.12	-4.24	-1.91	-8.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.53%	48.73%	28.86%	36.06%	214.16%	96.99%	-205.82%	136.86%	54.46%	-87.94%
Augmented Payout Ratio	144.08%	221.57%	57.56%	206.56%	442.47%	96.99%	-545.82%	136.86%	54.46%	-87.94%

This table displays calculated financial ratios and metrics derived from Brink's' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.49%	2.53%	3.03%	4.28%	4.59%	7.98%	7.26%	10.37%	8.44%	5.69%
EBITDA Growth	3.44%	-6.10%	12.44%	35.83%	-17.82%	68.57%	11.92%	24.57%	0.92%	-7.92%
EBIT Growth	2.35%	-13.16%	17.14%	58.82%	-28.55%	113.68%	9.81%	38.30%	-1.79%	-10.48%
NOPAT Growth	757.24%	-23.29%	26.74%	117.22%	-114.73%	81.62%	16.15%	-73.46%	15.15%	16.29%
Net Income Growth	1,006.67%	-35.43%	41.88%	185.25%	-109.57%	118.58%	-7.87%	-75.34%	-9.62%	-1.74%
EPS Growth	970.00%	-32.99%	50.00%	240.63%	-110.42%	142.50%	-6.85%	-78.38%	-4.00%	5.26%
Operating Cash Flow Growth	-9.67%	-68.89%	-143.95%	241.69%	46.53%	17.75%	28.11%	40.89%	36.69%	-17.24%
Free Cash Flow Firm Growth	-60.52%	146.70%	197.52%	235.17%	151.74%	-15.76%	-106.74%	10.64%	-10.16%	-73.26%
Invested Capital Growth	0.02%	-2.32%	-8.31%	-11.91%	-7.59%	14.56%	15.90%	14.04%	20.16%	13.03%
Revenue Q/Q Growth	0.45%	0.43%	1.38%	-0.76%	1.48%	0.92%	2.60%	-0.46%	4.77%	0.25%
EBITDA Q/Q Growth	-9.85%	-2.33%	-2.42%	20.40%	-18.17%	16.95%	17.88%	-27.16%	67.85%	-22.35%
EBIT Q/Q Growth	-14.41%	-4.98%	-4.25%	31.44%	-27.38%	28.17%	29.82%	-40.87%	117.17%	-34.13%
NOPAT Q/Q Growth	20.95%	-25.07%	-0.13%	826.17%	-114.12%	23.80%	71.17%	-50.74%	74.00%	-20.83%
Net Income Q/Q Growth	27.90%	-35.94%	-4.60%	1,260.00%	-109.11%	40.74%	91.80%	-61.06%	107.96%	-40.68%
EPS Q/Q Growth	33.85%	-36.27%	-6.42%	1,190.00%	-110.31%	42.65%	112.50%	-66.67%	140.00%	-45.21%
Operating Cash Flow Q/Q Growth	533.22%	188.35%	-203.44%	-84.39%	118.11%	24.80%	433.48%	-116.14%	75.28%	35.78%
Free Cash Flow Firm Q/Q Growth	-40.87%	-60.96%	-23.22%	122.76%	169.94%	18.48%	-6.42%	14.72%	-56.47%	-45.59%
Invested Capital Q/Q Growth	-9.63%	1.74%	6.03%	2.59%	-11.74%	-4.50%	1.87%	7.61%	9.42%	-3.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.08%	25.02%	25.16%	24.99%	25.98%	24.96%	22.40%	22.36%	26.61%	22.52%
EBITDA Margin	14.04%	15.65%	16.09%	16.71%	13.78%	17.08%	14.74%	12.83%	17.53%	10.94%
Operating Margin	8.27%	8.87%	9.26%	9.78%	8.20%	11.22%	8.68%	6.73%	12.00%	5.23%
EBIT Margin	8.27%	9.70%	10.25%	10.86%	8.20%	11.46%	9.02%	7.13%	12.00%	5.79%
Profit (Net Income) Margin	3.23%	2.53%	3.97%	4.22%	-0.36%	4.02%	2.89%	1.54%	3.95%	1.99%
Tax Burden Percent	71.83%	53.98%	69.17%	66.58%	-8.57%	56.91%	59.90%	48.29%	49.79%	72.67%
Interest Burden Percent	54.35%	48.40%	56.03%	58.42%	51.42%	61.74%	53.42%	44.85%	66.06%	47.26%
Effective Tax Rate	30.28%	46.02%	30.69%	33.42%	110.86%	42.97%	39.93%	53.56%	47.35%	27.33%
Return on Invested Capital (ROIC)	12.20%	9.01%	11.82%	12.37%	-1.76%	12.27%	9.43%	5.61%	12.21%	7.66%
ROIC Less NNEP Spread (ROIC-NNEP)	10.55%	7.70%	10.39%	10.97%	-1.42%	10.86%	8.08%	4.72%	10.75%	6.58%
Return on Net Nonoperating Assets (RNNOA)	49.48%	33.44%	39.99%	39.63%	-4.99%	49.54%	32.93%	20.34%	50.58%	44.56%
Return on Equity (ROE)	61.67%	42.46%	51.81%	52.00%	-6.75%	61.81%	42.36%	25.96%	62.78%	52.22%
Cash Return on Invested Capital (CROIC)	12.45%	10.67%	17.59%	21.20%	14.96%	-3.42%	-6.37%	-5.00%	-5.74%	0.33%
Operating Return on Assets (OROA)	6.27%	7.49%	7.84%	8.27%	6.16%	9.05%	6.97%	5.52%	9.12%	4.48%
Return on Assets (ROA)	2.45%	1.96%	3.04%	3.22%	-0.27%	3.18%	2.23%	1.20%	3.00%	1.54%
Return on Common Equity (ROCE)	43.13%	31.65%	40.20%	40.45%	-5.23%	45.53%	32.12%	19.14%	43.50%	29.79%
Return on Equity Simple (ROE_SIMPLE)	0.00%	46.70%	45.83%	33.35%	0.00%	32.37%	22.72%	26.32%	0.00%	92.21%
Net Operating Profit after Tax (NOPAT)	73	60	80	80	-11	79	63	37	75	43
NOPAT Margin	5.76%	4.79%	6.42%	6.51%	-0.89%	6.40%	5.22%	3.13%	6.32%	3.80%
Net Nonoperating Expense Percent (NNEP)	1.64%	1.31%	1.43%	1.39%	-0.34%	1.41%	1.35%	0.89%	1.46%	1.07%
Return On Investment Capital (ROIC_SIMPLE)	1.73%	-	-	-	-0.27%	-	-	-	1.89%	-
Cost of Revenue to Revenue	73.92%	74.98%	74.84%	75.01%	74.02%	75.04%	77.60%	77.64%	73.39%	77.48%
SG&A Expenses to Revenue	18.77%	16.07%	15.51%	16.23%	13.69%	13.85%	14.03%	14.93%	14.03%	15.91%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.81%	16.15%	15.90%	15.21%	17.78%	13.74%	13.71%	15.63%	14.61%	17.29%
Earnings before Interest and Taxes (EBIT)	105	122	129	134	102	141	110	85	143	66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	178	197	202	207	172	210	179	152	209	124
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	21.84	18.38	14.17	10.30	9.85	7.19	5.74	6.38	5.44	11.03
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.81	1.02	0.92	0.83	0.80	0.69	0.66	0.66	0.54	0.50
Price to Earnings (P/E)	24.79	42.65	33.38	33.47	44.62	24.17	27.91	26.72	14.26	12.76
Dividend Yield	1.02%	0.80%	0.88%	0.96%	0.99%	1.45%	1.23%	1.22%	1.53%	1.69%
Earnings Yield	4.03%	2.34%	3.00%	2.99%	2.24%	4.14%	3.58%	3.74%	7.01%	7.84%
Enterprise Value to Invested Capital (EV/IC)	2.63	2.84	2.64	2.52	2.48	2.07	1.91	1.93	1.78	1.87
Enterprise Value to Revenue (EV/Rev)	1.24	1.49	1.37	1.24	1.21	1.15	1.14	1.15	1.00	0.98
Enterprise Value to EBITDA (EV/EBITDA)	8.34	10.04	8.94	8.19	8.39	7.52	8.27	8.45	7.49	7.23
Enterprise Value to EBIT (EV/EBIT)	13.73	16.50	14.26	13.12	13.84	11.91	13.86	14.08	12.59	12.02
Enterprise Value to NOPAT (EV/NOPAT)	21.07	33.70	28.32	27.62	33.78	21.75	24.59	25.38	15.41	15.78
Enterprise Value to Operating Cash Flow (EV/OCF)	14.60	15.97	11.43	7.54	8.38	9.69	9.88	10.43	9.48	10.80
Enterprise Value to Free Cash Flow (EV/FCFF)	21.10	26.28	14.35	11.13	15.96	0.00	0.00	0.00	0.00	596.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	12.47	9.44	8.39	6.91	6.79	5.85	5.22	5.57	5.97	10.56
Long-Term Debt to Equity	11.54	8.76	7.78	6.37	6.27	5.48	4.89	5.27	5.74	10.24
Financial Leverage	4.69	4.34	3.85	3.61	3.52	4.56	4.08	4.31	4.71	6.77
Leverage Ratio	15.88	13.03	11.68	11.50	11.89	13.50	11.87	12.31	14.50	20.22
Compound Leverage Factor	8.63	6.31	6.54	6.72	6.12	8.33	6.34	5.52	9.58	9.55
Debt to Total Capital	92.57%	90.42%	89.35%	87.35%	87.16%	85.40%	83.93%	84.78%	85.65%	91.35%
Short-Term Debt to Total Capital	6.91%	6.45%	6.48%	6.83%	6.63%	5.42%	5.26%	4.54%	3.26%	2.78%
Long-Term Debt to Total Capital	85.66%	83.96%	82.87%	80.52%	80.53%	79.99%	78.67%	80.24%	82.39%	88.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.03%	3.08%	3.01%	3.01%	3.03%	3.03%	2.97%	3.17%	3.10%	3.16%
Common Equity to Total Capital	4.39%	6.51%	7.64%	9.65%	9.81%	11.56%	13.10%	12.04%	11.25%	5.49%
Debt to EBITDA	5.22	5.20	4.93	4.81	5.04	4.63	5.34	5.34	5.61	5.57
Net Debt to EBITDA	2.75	2.99	2.80	2.56	2.64	2.84	3.30	3.41	3.28	3.34
Long-Term Debt to EBITDA	4.83	4.83	4.57	4.43	4.65	4.34	5.01	5.06	5.39	5.40
Debt to NOPAT	13.19	17.45	15.61	16.21	20.27	13.40	15.87	16.04	11.53	12.16
Net Debt to NOPAT	6.96	10.03	8.87	8.62	10.61	8.23	9.82	10.25	6.75	7.30
Long-Term Debt to NOPAT	12.21	16.21	14.48	14.95	18.73	12.55	14.88	15.18	11.09	11.79
Altman Z-Score	1.43	1.55	1.53	1.44	1.40	1.44	1.38	1.37	1.30	1.34
Noncontrolling Interest Sharing Ratio	30.07%	25.44%	22.42%	22.20%	22.55%	26.34%	24.16%	26.26%	30.71%	42.96%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.52	1.57	1.57	1.46	1.43	1.52	1.55	1.53	1.55	1.82
Quick Ratio	1.12	1.15	1.13	0.99	1.01	1.07	1.08	1.06	1.10	1.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	72	123	314	409	184	-262	-322	-302	-355	-227
Operating Cash Flow to CapEx	814.54%	134.25%	-118.67%	131.21%	719.51%	481.28%	345.75%	-100.45%	573.72%	340.60%
Free Cash Flow to Firm to Interest Expense	6.36	1.95	5.56	7.33	4.84	-4.88	-6.30	-6.49	-8.84	-6.53
Operating Cash Flow to Interest Expense	32.44	0.93	-1.17	1.15	10.80	3.49	2.94	-0.97	6.97	4.59
Operating Cash Flow Less CapEx to Interest Expense	28.46	0.24	-2.16	0.27	9.30	2.76	2.09	-1.93	5.75	3.25
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.76	0.77	0.77	0.76	0.75	0.79	0.77	0.77	0.76	0.77
Accounts Receivable Turnover	6.63	6.05	5.86	5.68	5.94	6.07	5.64	5.64	5.80	5.86
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	5.02	5.12	5.05	5.03	5.00	5.33	5.14	5.10	5.04	5.26
Accounts Payable Turnover	13.22	16.88	16.08	14.46	13.57	18.29	15.96	15.82	13.64	17.92
Days Sales Outstanding (DSO)	55.08	60.33	62.31	64.25	61.44	60.17	64.66	64.72	62.93	62.27
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	27.61	21.62	22.70	25.25	26.89	19.96	22.87	23.07	26.76	20.36
Cash Conversion Cycle (CCC)	27.46	38.71	39.61	39.00	34.56	40.21	41.79	41.65	36.17	41.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,368	2,621	2,576	2,429	2,368	2,683	2,809	2,758	2,563	2,342
Invested Capital Turnover	2.12	1.88	1.84	1.90	1.98	1.92	1.81	1.80	1.93	2.01
Increase / (Decrease) in Invested Capital	0.40	-62	-234	-328	-195	341	385	340	430	270
Enterprise Value (EV)	6,222	7,436	6,798	6,116	5,884	5,549	5,374	5,333	4,548	4,374
Market Capitalization	4,038	5,092	4,543	4,083	3,914	3,329	3,106	3,055	2,433	2,235
Book Value per Share	$4.24	$6.28	$7.21	$8.93	$8.82	$9.97	$11.66	$10.29	$9.63	$4.29
Tangible Book Value per Share	($38.32)	($37.64)	($35.75)	($34.47)	($34.73)	($31.83)	($31.07)	($32.40)	($33.14)	($33.59)
Total Capital	4,209	4,259	4,194	4,110	4,052	4,003	4,133	3,976	3,973	3,691
Total Debt	3,896	3,851	3,747	3,590	3,531	3,419	3,469	3,371	3,403	3,372
Total Long-Term Debt	3,605	3,576	3,475	3,309	3,263	3,202	3,251	3,190	3,273	3,269
Net Debt	2,056	2,213	2,129	1,909	1,848	2,099	2,145	2,153	1,992	2,023
Capital Expenditures (CapEx)	45	44	56	49	57	39	44	45	49	47
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-560	-330	-321	-486	-571	-266	-208	-192	-358	-148
Debt-free Net Working Capital (DFNWC)	1,281	1,309	1,297	1,194	1,113	1,055	1,115	1,026	1,052	1,201
Net Working Capital (NWC)	990	1,034	1,026	914	844	838	898	846	923	1,099
Net Nonoperating Expense (NNE)	32	28	31	28	-6.59	29	28	19	28	21
Net Nonoperating Obligations (NNO)	2,056	2,213	2,129	1,909	1,848	2,099	2,145	2,153	1,992	2,023
Total Depreciation and Amortization (D&A)	73	75	73	72	70	69	70	68	66	59
Debt-free, Cash-free Net Working Capital to Revenue	-11.17%	-6.60%	-6.46%	-9.88%	-11.71%	-5.51%	-4.41%	-4.14%	-7.90%	-3.32%
Debt-free Net Working Capital to Revenue	25.55%	26.22%	26.14%	24.25%	22.83%	21.88%	23.58%	22.08%	23.20%	27.04%
Net Working Capital to Revenue	19.74%	20.71%	20.67%	18.55%	17.32%	17.38%	18.98%	18.19%	20.34%	24.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.89	$0.66	$1.03	$1.10	($0.09)	$0.98	$0.69	$0.32	$0.97	$0.41
Adjusted Weighted Average Basic Shares Outstanding	44.30M	44.20M	44.60M	44.80M	46.20M	46.50M	46.70M	46.70M	47.30M	47.40M
Adjusted Diluted Earnings per Share	$0.87	$0.65	$1.02	$1.09	($0.10)	$0.97	$0.68	$0.32	$0.96	$0.40
Adjusted Weighted Average Diluted Shares Outstanding	44.80M	44.80M	45.10M	45.30M	46.90M	47.10M	47.30M	47.40M	47.80M	47.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	43.14M	43.64M	44.14M	44.46M	44.41M	45.05M	46.43M	46.43M	93.03M	46.45M
Normalized Net Operating Profit after Tax (NOPAT)	73	60	80	80	71	79	63	56	75	43
Normalized NOPAT Margin	5.76%	4.79%	6.42%	6.51%	5.74%	6.40%	5.22%	4.71%	6.32%	3.80%
Pre Tax Income Margin	4.49%	4.70%	5.75%	6.34%	4.21%	7.07%	4.82%	3.20%	7.93%	2.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.17	1.94	2.27	2.41	2.69	2.61	2.15	1.81	3.56	1.90
NOPAT to Interest Expense	6.39	0.96	1.42	1.44	-0.29	1.46	1.24	0.80	1.88	1.25
EBIT Less CapEx to Interest Expense	5.18	1.25	1.29	1.53	1.19	1.89	1.30	0.85	2.35	0.55
NOPAT Less CapEx to Interest Expense	2.41	0.27	0.44	0.57	-1.79	0.73	0.39	-0.17	0.66	-0.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.53%	36.94%	31.25%	36.46%	48.73%	30.91%	43.66%	40.87%	28.86%	28.36%
Augmented Payout Ratio	144.08%	183.38%	179.71%	170.27%	221.57%	118.09%	100.33%	95.00%	57.56%	123.22%

Frequently Asked Questions About Brink's' Financials

When does Brink's's financial year end?

According to the most recent income statement we have on file, Brink's' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Brink's' net income changed over the last 9 years?

Brink's' net income appears to be on an upward trend, with a most recent value of $174.70 million in 2024, falling from -$28.20 million in 2015. The previous period was $98.30 million in 2023. See Brink's' forecast for analyst expectations on what’s next for the company.

What is Brink's's operating income?

Brink's's total operating income in 2024 was $453 million, based on the following breakdown:

Total Gross Profit: $1.27 billion
Total Operating Expenses: $815.80 million

How has Brink's revenue changed over the last 9 years?

Over the last 9 years, Brink's' total revenue changed from $3.06 billion in 2015 to $5.01 billion in 2024, a change of 63.7%.

How much debt does Brink's have?

Brink's' total liabilities were at $6.31 billion at the end of 2024, a 3.8% increase from 2023, and a 290.5% increase since 2015.

How much cash does Brink's have?

In the past 9 years, Brink's' cash and equivalents has ranged from $181.90 million in 2015 to $1.40 billion in 2024, and is currently $1.40 billion as of their latest financial filing in 2024.

How has Brink's' book value per share changed over the last 9 years?

Over the last 9 years, Brink's' book value per share changed from 6.50 in 2015 to 4.24 in 2024, a change of -34.8%.

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This page (NYSE:BCO) was last updated on 5/29/2025 by MarketBeat.com Staff

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Brink's (BCO) Financials

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