Brink's (BCO) Financials

$109.05 +4.75 (+4.55%)

Closing price 05/6/2026 03:59 PM Eastern

Extended Trading

$108.96 -0.08 (-0.08%)

As of 05/6/2026 04:49 PM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-12	35	17	-33	29	16	105	171	88	163	200
Consolidated Net Income / (Loss)	-28	45	24	-28	33	22	117	182	98	175	210
Net Income / (Loss) Continuing Operations	-25	47	24	-28	33	23	115	185	97	174	211
Total Pre-Tax Income	41	125	182	43	94	79	236	226	236	266	354
Total Operating Income	96	185	274	275	237	214	355	361	425	453	586
Total Gross Profit	618	629	739	786	851	814	964	1,074	1,168	1,269	1,358
Total Revenue	3,061	3,021	3,347	3,489	3,683	3,691	4,200	4,536	4,875	5,012	5,261
Operating Revenue	3,061	3,021	3,347	3,489	3,683	3,691	4,200	4,536	4,875	5,012	5,261
Total Cost of Revenue	2,444	2,392	2,608	2,703	2,832	2,877	3,236	3,462	3,707	3,743	3,903
Operating Cost of Revenue	2,444	2,392	2,608	2,703	2,832	2,877	3,236	3,462	3,707	3,743	3,903
Total Operating Expenses	521	444	465	511	614	600	610	712	742	816	773
Selling, General & Admin Expense	452	424	468	509	605	585	630	687	688	835	778
Other Operating Expenses / (Income)	69	20	-3.30	1.70	9.40	16	-20	25	54	-19	-5.50
Total Other Income / (Expense), net	-55	-60	-92	-232	-143	-134	-119	-135	-189	-187	-232
Interest Expense	19	20	32	106	143	134	119	135	204	235	246
Other Income / (Expense), net	-36	-39	-60	-	-	-	-	-	14	49	14
Income Tax Expense	67	79	158	70	61	57	120	41	139	93	143
Net Income / (Loss) Discontinued Operations	-2.80	-1.70	-0.40	0.00	0.70	-0.80	2.10	-2.90	1.70	2.20	-0.80
Net Income / (Loss) Attributable to Noncontrolling Interest	-16	10	6.90	5.80	4.20	5.90	12	11	11	12	11
Basic Earnings per Share	($0.24)	$0.69	$0.33	($0.65)	$0.58	$0.32	$2.12	$3.61	$1.90	$3.68	$4.73
Weighted Average Basic Shares Outstanding	49.30M	50M	50.70M	50.90M	50.20M	50.40M	49.50M	47.30M	46.20M	44.30M	42.20M
Diluted Earnings per Share	($0.24)	$0.68	$0.32	($0.65)	$0.57	$0.31	$2.10	$3.57	$1.87	$3.63	$4.69
Weighted Average Diluted Shares Outstanding	49.30M	50.60M	51.80M	50.90M	51.10M	50.80M	50.10M	47.80M	46.90M	44.80M	42.50M
Weighted Average Basic & Diluted Shares Outstanding	117.50M	64.90M	50.58M	51.20M	100M	99.02M	95.10M	93.03M	44.41M	43.14M	41.15M
Cash Dividends to Common per Share	$0.40	$0.40	$0.55	$0.60	$0.60	$0.60	$0.75	$0.80	$0.86	$0.95	$1.01

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	32	46	-5.00	49	46	29	39	52	44	36	68
Consolidated Net Income / (Loss)	35	49	-4.50	52	50	32	41	54	47	38	71
Net Income / (Loss) Continuing Operations	35	50	-5.70	52	50	32	40	54	48	38	72
Total Pre-Tax Income	59	87	53	78	72	59	57	70	75	91	119
Total Operating Income	106	138	102	121	116	112	105	119	134	152	180
Total Gross Profit	272	306	324	309	315	315	330	307	324	345	382
Total Revenue	1,216	1,227	1,246	1,236	1,253	1,259	1,264	1,247	1,301	1,335	1,379
Operating Revenue	1,216	1,227	1,246	1,236	1,253	1,259	1,264	1,247	1,301	1,335	1,379
Total Cost of Revenue	944	921	922	927	938	944	935	940	977	990	997
Operating Cost of Revenue	944	921	922	927	938	944	935	940	977	990	997
Total Operating Expenses	167	169	222	188	199	203	225	188	190	192	202
Selling, General & Admin Expense	171	170	171	201	194	202	237	186	185	199	208
Other Operating Expenses / (Income)	-3.80	-1.30	51	-13	5.00	1.00	-12	1.80	5.40	-6.80	-5.90
Total Other Income / (Expense), net	-47	-51	-50	-43	-44	-53	-48	-50	-59	-62	-61
Interest Expense	51	54	38	56	57	63	11	58	61	63	64
Other Income / (Expense), net	4.10	2.90	-	13	13	11	-	7.90	1.80	1.50	2.70
Income Tax Expense	23	37	58	26	22	27	17	16	27	53	48
Net Income / (Loss) Discontinued Operations	-0.20	-0.20	1.40	0.00	-0.20	0.00	2.40	0.00	-0.40	0.20	-0.60
Net Income / (Loss) Attributable to Noncontrolling Interest	3.00	3.80	0.50	2.90	3.60	3.00	2.30	2.30	3.70	1.30	3.20
Basic Earnings per Share	$0.69	$0.98	($0.09)	$1.10	$1.03	$0.66	$0.89	$1.20	$1.03	$0.87	$1.63
Weighted Average Basic Shares Outstanding	46.70M	46.50M	46.20M	44.80M	44.60M	44.20M	44.30M	43.10M	42.30M	41.90M	42.20M
Diluted Earnings per Share	$0.68	$0.97	($0.10)	$1.09	$1.02	$0.65	$0.87	$1.18	$1.03	$0.86	$1.62
Weighted Average Diluted Shares Outstanding	47.30M	47.10M	46.90M	45.30M	45.10M	44.80M	44.80M	43.50M	42.40M	42.10M	42.50M
Weighted Average Basic & Diluted Shares Outstanding	46.43M	45.05M	44.41M	44.46M	44.14M	43.64M	43.14M	42.00M	41.66M	41.55M	41.15M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	5.70	41	488	-247	-11	474	144	324	273	157	427
Net Cash From Operating Activities	196	190	296	364	369	318	478	480	702	426	640
Net Cash From Continuing Operating Activities	198	190	296	364	369	318	478	480	702	426	640
Net Income / (Loss) Continuing Operations	-25	47	24	-28	33	23	115	185	97	174	211
Consolidated Net Income / (Loss)	-28	45	24	-28	33	22	117	182	98	175	210
Net Income / (Loss) Discontinued Operations	-2.80	-1.70	-0.20	0.00	0.70	-0.80	2.10	-2.90	1.70	1.10	-0.40
Depreciation Expense	140	132	147	162	185	207	240	246	276	293	291
Non-Cash Adjustments To Reconcile Net Income	109	53	66	181	152	184	131	174	268	-135	122
Changes in Operating Assets and Liabilities, net	-25	-41	60	48	-1.00	-96	-7.30	-124	62	94	17
Net Cash From Investing Activities	-104	-109	-395	-673	-333	-565	-455	-331	-180	-216	-202
Net Cash From Continuing Investing Activities	-104	-109	-395	-673	-333	-565	-455	-331	-181	-216	-202
Purchase of Property, Plant & Equipment	-101	-112	-175	-155	-165	-119	-168	-183	-203	-223	-203
Acquisitions	0.00	-0.70	-225	-521	-184	-440	-313	-174	-1.50	-19	-6.00
Purchase of Investments	-27	-9.20	-38	-62	-12	-2.90	-16	-30	-135	-68	-145
Sale of Property, Plant & Equipment	1.90	4.70	1.90	4.00	10	5.30	7.70	5.70	18	29	19
Divestitures	-15	-0.60	1.40	8.40	11	-2.60	0.00	0.00	1.10	0.00	0.00
Sale and/or Maturity of Investments	34	9.10	38	54	1.30	2.00	35	76	150	57	135
Other Investing Activities, net	3.50	0.00	1.10	-0.90	4.70	-9.00	-0.80	-26	-12	6.80	-1.60
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	0.00	0.00	0.90	0.00	0.00
Net Cash From Financing Activities	-53	-25	587	93	-38	684	171	245	-207	42	-114
Net Cash From Continuing Financing Activities	-53	-25	587	93	-38	684	171	245	-207	42	-114
Repayment of Debt	-700	-528	-1,337	-700	-1,200	-1,125	-2,974	-6,884	-9,360	-13,404	-18,054
Repurchase of Common Equity	-	0.00	0.00	-94	0.00	-50	-200	-52	-170	-204	-209
Payment of Dividends	-25	-24	-32	-57	-32	-47	-42	-53	-48	-48	-55
Issuance of Debt	656	519	2,053	971	1,228	1,913	3,389	7,249	9,390	13,718	18,225
Other Financing Activities, net	16	5.60	-97	-28	-33	-7.90	-1.00	-15	-19	-19	-21
Effect of Exchange Rate Changes	-34	-16	-0.90	-32	-8.10	38	-51	-70	-42	-95	104

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	105	-3.10	363	-3.00	-63	21	202	-200	262	-100	465
Net Cash From Operating Activities	150	188	409	64	-66	58	370	-60	204	122	374
Net Cash From Continuing Operating Activities	150	188	409	64	-66	58	370	-60	204	122	374
Net Income / (Loss) Continuing Operations	35	50	-5.70	52	50	32	40	54	48	38	72
Consolidated Net Income / (Loss)	35	49	-4.50	52	50	32	41	54	47	38	71
Net Income / (Loss) Discontinued Operations	-0.10	-0.10	1.20	-	-0.10	-	1.20	-	-	0.10	-0.30
Depreciation Expense	70	69	70	72	73	75	73	71	60	78	82
Non-Cash Adjustments To Reconcile Net Income	21	18	255	95	-147	-128	88	-2.50	85	-57	96
Changes in Operating Assets and Liabilities, net	24	51	91	-155	-42	79	169	-182	11	64	124
Net Cash From Investing Activities	-87	-3.30	-32	-46	-71	-65	-35	-49	-109	-42	-2.80
Net Cash From Continuing Investing Activities	-88	-3.30	-32	-46	-71	-65	-35	-49	-109	-42	-2.80
Purchase of Property, Plant & Equipment	-44	-44	-70	-52	-57	-51	-63	-59	-52	-45	-48
Purchase of Investments	-41	-14	-76	-0.30	-1.10	-58	-13	-13	-97	-31	-4.70
Sale of Property, Plant & Equipment	0.70	4.70	13	3.50	1.00	7.50	17	2.60	7.20	12	-3.30
Sale and/or Maturity of Investments	0.60	48	102	0.80	0.40	42	14	14	51	20	51
Other Investing Activities, net	-3.70	1.70	1.20	1.70	0.90	-5.20	13	11	-17	2.10	2.40
Net Cash From Financing Activities	43	-153	0.30	-1.30	100	0.40	-57	-124	86	-178	102
Net Cash From Continuing Financing Activities	43	-153	0.30	-1.30	100	0.40	-57	-124	86	-178	102
Repayment of Debt	-2,278	-2,436	-2,580	-2,498	-3,609	-3,596	-3,689	-3,656	-4,181	-5,093	-5,123
Repurchase of Common Equity	-1.50	-88	-64	-23	-43	-60	-78	-45	-85	-24	-56
Payment of Dividends	-13	-14	-11	-10	-11	-16	-11	-17	-11	-14	-13
Issuance of Debt	2,341	2,387	2,656	2,546	3,763	3,674	3,722	3,612	4,364	4,953	5,297
Other Financing Activities, net	-4.90	-1.50	-1.00	-17	-0.40	-1.50	-0.70	-17	-0.50	-0.70	-2.50
Effect of Exchange Rate Changes	-1.00	-34	-	-20	-	-	-76	-	-	-2.30	-7.80

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,947	1,995	3,060	3,236	3,764	5,136	5,567	6,366	6,602	6,623	7,339
Total Current Assets	778	844	1,488	1,207	1,233	1,815	2,000	2,597	2,788	2,888	3,329
Cash & Equivalents	182	184	614	343	311	621	710	972	1,177	1,395	1,726
Restricted Cash	16	56	113	136	158	322	376	439	507	445	541
Accounts Receivable	478	501	642	600	636	679	702	862	779	734	766
Prepaid Expenses	101	104	119	128	128	193	211	325	326	314	296
Plant, Property, & Equipment, net	549	531	641	699	763	838	866	935	1,013	983	1,131
Total Noncurrent Assets	620	620	931	1,330	1,768	2,483	2,702	2,833	2,800	2,753	2,880
Goodwill	185	186	454	679	785	1,219	1,412	1,451	1,474	1,435	1,515
Intangible Assets	29	19	106	229	273	426	491	536	488	422	385
Noncurrent Deferred & Refundable Income Taxes	330	328	226	237	274	315	239	246	232	239	237
Other Noncurrent Operating Assets	76	87	145	186	437	522	559	601	606	656	742
Total Liabilities & Shareholders' Equity	1,947	1,995	3,060	3,236	3,764	5,136	5,567	6,366	6,602	6,623	7,339
Total Liabilities	1,616	1,640	2,721	3,069	3,556	4,933	5,314	5,796	6,082	6,311	6,932
Total Current Liabilities	642	754	835	849	1,002	1,336	1,429	1,675	1,944	1,898	2,198
Short-Term Debt	72	196	97	82	89	152	125	130	269	291	404
Accounts Payable	155	139	175	175	185	206	211	297	250	317	319
Accrued Expenses	401	386	489	502	628	779	877	1,019	1,127	1,058	1,180
Other Current Liabilities	-	-	-	-	100	200	216	229	299	233	294
Total Noncurrent Liabilities	974	886	1,887	2,220	2,554	3,597	3,885	4,121	4,138	4,412	4,734
Long-Term Debt	358	248	1,140	1,472	1,555	2,334	2,842	3,273	3,263	3,605	3,810
Noncurrent Deferred & Payable Income Tax Liabilities	8.10	7.60	25	17	21	43	49	68	57	63	67
Noncurrent Employee Benefit Liabilities	479	495	572	563	577	702	542	306	308	234	268
Other Noncurrent Operating Liabilities	130	136	150	169	402	518	453	475	510	510	589
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	331	355	338	167	208	203	253	570	520	313	407
Total Preferred & Common Equity	318	337	317	154	192	129	123	447	397	185	278
Total Common Equity	318	337	317	154	192	129	123	447	397	185	278
Common Stock	649	668	679	678	713	721	718	730	720	704	673
Retained Earnings	561	576	565	429	457	408	313	417	333	285	270
Accumulated Other Comprehensive Income / (Loss)	-892	-907	-927	-953	-979	-1,000	-908	-701	-656	-804	-666
Noncontrolling Interest	13	18	21	13	16	74	130	123	123	128	130

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 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	5,933	6,253	6,411	6,265	6,679	6,562	6,671	6,584	7,086	6,953
Total Current Assets	2,447	2,448	2,517	2,462	2,905	2,819	2,837	2,766	3,073	2,944
Cash & Equivalents	1,019	817	890	934	1,123	1,189	1,226	1,226	1,377	1,340
Restricted Cash	330	402	434	387	558	429	413	414	525	462
Accounts Receivable	788	877	851	801	857	843	849	772	812	801
Prepaid Expenses	310	353	343	341	368	358	348	353	359	341
Plant, Property, & Equipment, net	845	954	990	966	1,003	975	984	1,035	1,088	1,081
Total Noncurrent Assets	2,642	2,852	2,904	2,837	2,771	2,768	2,850	2,783	2,926	2,928
Goodwill	1,342	1,459	1,468	1,448	1,458	1,454	1,485	1,469	1,515	1,515
Intangible Assets	447	527	516	492	469	456	453	416	415	400
Noncurrent Deferred & Refundable Income Taxes	277	249	242	242	226	226	241	244	253	237
Other Noncurrent Operating Assets	576	616	678	655	618	632	671	654	742	777
Total Liabilities & Shareholders' Equity	5,933	6,253	6,411	6,265	6,679	6,562	6,671	6,584	7,086	6,953
Total Liabilities	5,614	5,648	5,747	5,681	6,159	6,115	6,263	6,255	6,701	6,557
Total Current Liabilities	1,348	1,603	1,620	1,625	1,992	1,793	1,802	1,823	2,035	2,023
Short-Term Debt	103	181	217	217	281	272	275	285	333	369
Accounts Payable	194	249	232	207	265	230	235	268	292	281
Accrued Expenses	888	986	949	1,017	1,105	1,077	1,101	1,077	1,130	1,158
Other Current Liabilities	164	188	221	184	341	215	191	194	280	215
Total Noncurrent Liabilities	4,266	4,046	4,128	4,056	4,168	4,322	4,460	4,432	4,666	4,534
Long-Term Debt	3,269	3,190	3,251	3,202	3,309	3,475	3,576	3,597	3,790	3,623
Noncurrent Deferred & Payable Income Tax Liabilities	48	63	61	60	58	59	60	63	63	63
Noncurrent Employee Benefit Liabilities	503	301	307	298	301	300	298	238	253	256
Other Noncurrent Operating Liabilities	446	491	508	497	500	487	526	534	561	593
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	319	605	664	584	520	447	408	329	385	397
Total Preferred & Common Equity	203	479	541	463	396	321	277	206	255	269
Total Common Equity	203	479	541	463	396	321	277	206	255	269
Common Stock	724	733	741	726	711	711	709	682	678	678
Retained Earnings	399	411	431	398	354	354	322	290	254	260
Accumulated Other Comprehensive Income / (Loss)	-921	-665	-631	-661	-669	-744	-754	-767	-677	-670
Noncontrolling Interest	117	126	123	122	124	126	131	123	131	128

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-14.06%	-1.33%	10.81%	4.24%	5.57%	0.21%	13.80%	7.98%	7.48%	2.82%	4.97%
EBITDA Growth	46.66%	38.57%	30.07%	21.29%	-3.48%	-0.36%	41.38%	2.17%	15.47%	6.46%	11.97%
EBIT Growth	334.38%	142.33%	46.97%	28.54%	-13.80%	-9.84%	66.14%	1.86%	17.69%	6.54%	19.47%
NOPAT Growth	-209.48%	215.20%	-47.67%	-594.89%	146.31%	-25.75%	183.90%	70.12%	-40.99%	69.53%	17.99%
Net Income Growth	75.44%	258.87%	-47.32%	-216.53%	220.73%	-34.04%	435.62%	55.07%	-45.96%	77.72%	20.32%
EPS Growth	85.96%	383.33%	-52.94%	-303.13%	187.69%	-45.61%	577.42%	70.00%	-47.62%	94.12%	29.20%
Operating Cash Flow Growth	38.64%	-2.86%	55.75%	22.84%	1.24%	-13.81%	50.46%	0.40%	46.36%	-39.35%	50.12%
Free Cash Flow Firm Growth	-19.67%	-48.93%	-449.40%	-125.56%	89.70%	-413.67%	29.20%	36.98%	373.73%	-20.03%	22.76%
Invested Capital Growth	-26.35%	-0.68%	51.70%	46.36%	11.37%	26.27%	22.19%	20.16%	-7.59%	0.02%	-0.57%
Revenue Q/Q Growth	-3.63%	1.26%	3.07%	0.13%	0.77%	2.38%	1.86%	2.09%	1.13%	0.37%	2.23%
EBITDA Q/Q Growth	34.89%	9.53%	5.78%	10.41%	-1.22%	12.80%	7.30%	0.31%	-5.04%	0.80%	12.46%
EBIT Q/Q Growth	2,300.00%	19.38%	6.80%	16.35%	-3.23%	22.07%	10.46%	-0.71%	-8.76%	0.53%	17.55%
NOPAT Q/Q Growth	-85,008.10%	25.74%	-73.27%	73.66%	-40.91%	205.86%	20.21%	6.47%	-31.71%	33.83%	11.56%
Net Income Q/Q Growth	62.60%	52.90%	-74.09%	76.05%	-53.24%	436.92%	27.92%	-2.68%	-34.38%	35.01%	16.97%
EPS Q/Q Growth	78.57%	88.89%	-79.75%	72.34%	-56.49%	224.00%	30.43%	-1.11%	-36.18%	36.47%	19.04%
Operating Cash Flow Q/Q Growth	22.74%	17.40%	9.66%	18.21%	0.35%	4.44%	-5.14%	18.52%	22.71%	-8.51%	0.60%
Free Cash Flow Firm Q/Q Growth	-46.79%	-18.42%	-107.22%	49.44%	-366.58%	33.33%	-803.50%	-1,936.58%	529.66%	4.22%	4.24%
Invested Capital Q/Q Growth	-17.30%	-13.51%	-6.07%	-8.54%	-8.40%	-8.34%	2.92%	9.42%	-11.74%	-9.63%	-8.93%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.18%	20.82%	22.07%	22.52%	23.11%	22.04%	22.96%	23.67%	23.95%	25.32%	25.81%
EBITDA Margin	6.53%	9.17%	10.76%	12.53%	11.45%	11.39%	14.15%	13.39%	14.38%	14.89%	16.92%
Operating Margin	3.15%	6.11%	8.18%	7.87%	6.43%	5.78%	8.44%	7.97%	8.72%	9.04%	11.13%
EBIT Margin	1.96%	4.81%	6.38%	7.87%	6.43%	5.78%	8.44%	7.97%	8.72%	9.04%	11.39%
Profit (Net Income) Margin	-0.92%	1.48%	0.71%	-0.79%	0.90%	0.59%	2.79%	4.01%	2.02%	3.49%	4.00%
Tax Burden Percent	-68.61%	35.84%	13.00%	-64.71%	35.51%	27.62%	49.81%	80.42%	41.69%	65.60%	59.40%
Interest Burden Percent	68.50%	85.97%	84.93%	15.47%	39.48%	37.14%	66.39%	62.61%	55.46%	58.79%	59.04%
Effective Tax Rate	161.80%	62.80%	86.89%	164.71%	65.24%	71.37%	51.08%	18.30%	59.03%	34.81%	40.49%
Return on Invested Capital (ROIC)	-8.98%	12.24%	5.11%	-17.02%	6.28%	3.91%	8.95%	12.57%	7.07%	12.47%	14.75%
ROIC Less NNEP Spread (ROIC-NNEP)	3.03%	1.31%	1.66%	1.95%	1.91%	1.02%	5.66%	6.72%	3.11%	6.29%	7.85%
Return on Net Nonoperating Assets (RNNOA)	1.97%	0.84%	1.71%	6.12%	11.47%	6.77%	42.60%	31.64%	10.96%	29.49%	43.65%
Return on Equity (ROE)	-7.01%	13.07%	6.81%	-10.90%	17.74%	10.68%	51.55%	44.21%	18.03%	41.96%	58.41%
Cash Return on Invested Capital (CROIC)	21.38%	12.91%	-35.97%	-54.65%	-4.48%	-19.31%	-11.03%	-5.74%	14.96%	12.45%	15.33%
Operating Return on Assets (OROA)	2.90%	7.38%	8.46%	8.73%	6.77%	4.80%	6.63%	6.06%	6.56%	6.85%	8.59%
Return on Assets (ROA)	-1.36%	2.27%	0.93%	-0.87%	0.95%	0.49%	2.19%	3.05%	1.52%	2.64%	3.01%
Return on Common Equity (ROCE)	-6.55%	12.49%	6.43%	-10.17%	16.38%	8.35%	28.52%	30.64%	13.96%	29.34%	37.54%
Return on Equity Simple (ROE_SIMPLE)	-8.87%	13.29%	7.44%	-17.89%	17.31%	17.00%	95.37%	40.68%	24.74%	94.48%	0.00%
Net Operating Profit after Tax (NOPAT)	-60	69	36	-178	82	61	174	295	174	295	348
NOPAT Margin	-1.95%	2.27%	1.07%	-5.09%	2.23%	1.66%	4.13%	6.51%	3.57%	5.89%	6.62%
Net Nonoperating Expense Percent (NNEP)	-12.01%	10.92%	3.45%	-18.97%	4.37%	2.89%	3.28%	5.85%	3.95%	6.18%	6.91%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	7.43%	4.30%	7.02%	7.54%
Cost of Revenue to Revenue	79.82%	79.18%	77.93%	77.48%	76.89%	77.96%	77.04%	76.33%	76.05%	74.68%	74.19%
SG&A Expenses to Revenue	14.76%	14.05%	13.99%	14.59%	16.42%	15.84%	14.99%	15.15%	14.12%	16.65%	14.79%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.03%	14.71%	13.89%	14.64%	16.68%	16.26%	14.52%	15.71%	15.23%	16.28%	14.68%
Earnings before Interest and Taxes (EBIT)	60	145	214	275	237	214	355	361	425	453	599
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	200	277	360	437	422	420	594	607	701	746	890
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.04	5.63	11.65	19.97	22.34	26.45	25.34	5.44	9.85	21.84	17.43
Price to Tangible Book Value (P/TBV)	12.34	14.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.42	0.63	1.10	0.88	1.16	0.92	0.74	0.54	0.80	0.81	0.92
Price to Earnings (P/E)	0.00	55.01	221.34	0.00	147.77	212.92	29.62	14.26	44.62	24.79	24.24
Dividend Yield	1.52%	1.05%	0.75%	0.99%	0.70%	0.87%	1.18%	1.53%	0.99%	1.02%	0.86%
Earnings Yield	0.00%	1.82%	0.45%	0.00%	0.68%	0.47%	3.38%	7.01%	2.24%	4.03%	4.13%
Enterprise Value to Invested Capital (EV/IC)	2.72	3.79	4.98	3.35	3.96	2.88	2.40	1.78	2.48	2.63	2.94
Enterprise Value to Revenue (EV/Rev)	0.50	0.70	1.26	1.19	1.49	1.36	1.22	1.00	1.21	1.24	1.31
Enterprise Value to EBITDA (EV/EBITDA)	7.65	7.65	11.73	9.51	12.98	11.95	8.63	7.49	8.39	8.34	7.77
Enterprise Value to EBIT (EV/EBIT)	25.49	14.58	19.78	15.13	23.12	23.53	14.45	12.59	13.84	13.73	11.54
Enterprise Value to NOPAT (EV/NOPAT)	0.00	30.89	117.69	0.00	66.53	82.19	29.54	15.41	33.78	21.07	19.85
Enterprise Value to Operating Cash Flow (EV/OCF)	7.81	11.14	14.26	11.42	14.86	15.81	10.72	9.48	8.38	14.60	10.82
Enterprise Value to Free Cash Flow (EV/FCFF)	10.79	29.27	0.00	0.00	0.00	0.00	0.00	0.00	15.96	21.10	19.11
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.30	1.25	3.66	9.33	7.92	12.28	11.74	5.97	6.79	12.47	10.35
Long-Term Debt to Equity	1.08	0.70	3.37	8.83	7.49	11.53	11.25	5.74	6.27	11.54	9.35
Financial Leverage	0.65	0.64	1.03	3.14	6.01	6.63	7.52	4.71	3.52	4.69	5.56
Leverage Ratio	5.15	5.75	7.29	12.47	18.71	21.70	23.52	14.50	11.89	15.88	19.40
Compound Leverage Factor	3.52	4.94	6.19	1.93	7.39	8.06	15.61	9.08	6.60	9.34	11.45
Debt to Total Capital	56.56%	55.54%	78.53%	90.32%	88.79%	92.47%	92.15%	85.65%	87.16%	92.57%	91.19%
Short-Term Debt to Total Capital	9.51%	24.51%	6.17%	4.79%	4.80%	5.64%	3.88%	3.26%	6.63%	6.91%	8.75%
Long-Term Debt to Total Capital	47.05%	31.03%	72.36%	85.53%	83.99%	86.83%	88.27%	82.39%	80.53%	85.66%	82.44%
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%	0.00%
Noncontrolling Interests to Total Capital	1.67%	2.22%	1.32%	0.75%	0.85%	2.74%	4.03%	3.10%	3.03%	3.03%	2.80%
Common Equity to Total Capital	41.77%	42.24%	20.15%	8.93%	10.36%	4.79%	3.82%	11.25%	9.81%	4.39%	6.01%
Debt to EBITDA	2.15	1.60	3.43	3.56	3.90	5.91	4.99	5.61	5.04	5.22	4.73
Net Debt to EBITDA	1.16	0.74	1.41	2.46	2.78	3.67	3.16	3.28	2.64	2.75	2.19
Long-Term Debt to EBITDA	1.79	0.89	3.16	3.37	3.69	5.55	4.78	5.39	4.65	4.83	4.28
Debt to NOPAT	-7.23	6.46	34.43	-8.74	19.97	40.67	17.10	11.53	20.27	13.19	12.10
Net Debt to NOPAT	-3.90	2.98	14.19	-6.05	14.27	25.24	10.84	6.75	10.61	6.96	5.59
Long-Term Debt to NOPAT	-6.01	3.61	31.73	-8.28	18.89	38.19	16.38	11.09	18.73	12.21	10.94
Altman Z-Score	2.64	2.91	2.65	2.28	2.15	1.49	1.52	1.42	1.56	1.61	1.64
Noncontrolling Interest Sharing Ratio	6.53%	4.44%	5.56%	6.68%	7.67%	21.82%	44.67%	30.71%	22.55%	30.07%	35.73%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.21	1.12	1.78	1.42	1.23	1.36	1.40	1.55	1.43	1.52	1.51
Quick Ratio	1.03	0.91	1.51	1.11	0.94	0.97	0.99	1.10	1.01	1.12	1.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	142	72	-253	-571	-59	-302	-214	-135	369	295	362
Operating Cash Flow to CapEx	197.48%	177.02%	171.73%	240.97%	238.58%	280.65%	298.38%	271.28%	381.12%	220.38%	346.42%
Free Cash Flow to Firm to Interest Expense	7.50	3.55	-7.86	-5.41	-0.41	-2.25	-1.79	-1.00	1.95	1.58	1.47
Operating Cash Flow to Interest Expense	10.37	9.33	9.21	3.45	2.57	2.37	4.01	3.55	3.71	2.28	2.60
Operating Cash Flow Less CapEx to Interest Expense	5.12	4.06	3.84	2.02	1.49	1.52	2.67	2.24	2.74	1.25	1.85
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.48	1.53	1.32	1.11	1.05	0.83	0.78	0.76	0.75	0.76	0.75
Accounts Receivable Turnover	6.07	6.17	5.85	5.62	5.96	5.61	6.08	5.80	5.94	6.63	7.02
Inventory Turnover	0.00	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	5.59	5.71	5.21	5.04	4.61	4.93	5.04	5.00	5.02	4.98
Accounts Payable Turnover	15.09	16.24	16.62	15.48	15.77	14.74	15.51	13.64	13.57	13.22	12.28
Days Sales Outstanding (DSO)	60.13	59.16	62.35	64.96	61.20	65.01	60.00	62.93	61.44	55.08	52.01
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	24.19	22.48	21.96	23.57	23.14	24.77	23.53	26.76	26.89	27.61	29.73
Cash Conversion Cycle (CCC)	35.94	36.68	40.38	41.38	38.06	40.24	36.47	36.17	34.56	27.46	22.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	563	559	848	1,241	1,382	1,745	2,133	2,563	2,368	2,368	2,355
Invested Capital Turnover	4.61	5.39	4.76	3.34	2.81	2.36	2.17	1.93	1.98	2.12	2.23
Increase / (Decrease) in Invested Capital	-201	-3.80	289	393	141	363	387	430	-195	0.40	-14
Enterprise Value (EV)	1,530	2,120	4,227	4,156	5,476	5,023	5,126	4,548	5,884	6,222	6,917
Market Capitalization	1,285	1,898	3,696	3,069	4,285	3,407	3,117	2,433	3,914	4,038	4,840
Book Value per Share	$6.50	$6.76	$6.29	$3.04	$3.83	$2.61	$2.50	$9.63	$8.82	$4.24	$6.68
Tangible Book Value per Share	$2.13	$2.64	($4.79)	($14.89)	($17.30)	($30.68)	($36.21)	($33.14)	($34.73)	($38.32)	($39.06)
Total Capital	761	798	1,575	1,721	1,851	2,688	3,219	3,973	4,052	4,209	4,622
Total Debt	431	443	1,237	1,554	1,644	2,486	2,967	3,403	3,531	3,896	4,214
Total Long-Term Debt	358	248	1,140	1,472	1,555	2,334	2,842	3,273	3,263	3,605	3,810
Net Debt	232	204	510	1,075	1,175	1,543	1,880	1,992	1,848	2,056	1,947
Capital Expenditures (CapEx)	99	108	173	151	155	113	160	177	184	193	185
Debt-free, Cash-free Net Working Capital (DFCFNWC)	10	47	24	-40	-150	-313	-391	-358	-571	-560	-732
Debt-free Net Working Capital (DFNWC)	208	286	750	440	319	630	696	1,052	1,113	1,281	1,535
Net Working Capital (NWC)	136	90	653	357	231	479	571	923	844	990	1,131
Net Nonoperating Expense (NNE)	-31	24	12	-150	49	39	56	113	76	121	138
Net Nonoperating Obligations (NNO)	232	204	510	1,075	1,175	1,543	1,880	1,992	1,848	2,056	1,947
Total Depreciation and Amortization (D&A)	140	132	147	162	185	207	240	246	276	293	291
Debt-free, Cash-free Net Working Capital to Revenue	0.33%	1.54%	0.70%	-1.15%	-4.06%	-8.47%	-9.31%	-7.90%	-11.71%	-11.17%	-13.91%
Debt-free Net Working Capital to Revenue	6.80%	9.45%	22.42%	12.60%	8.67%	17.07%	16.56%	23.20%	22.83%	25.55%	29.18%
Net Working Capital to Revenue	4.44%	2.98%	19.52%	10.24%	6.26%	12.97%	13.58%	20.34%	17.32%	19.74%	21.50%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.24)	$0.69	$0.33	($0.65)	$0.58	$0.32	$2.12	$3.61	$1.90	$3.68	$4.73
Adjusted Weighted Average Basic Shares Outstanding	49.30M	50M	50.70M	50.90M	50.20M	50.40M	49.50M	47.30M	46.20M	44.30M	42.20M
Adjusted Diluted Earnings per Share	($0.24)	$0.68	$0.32	($0.65)	$0.57	$0.31	$2.10	$3.57	$1.87	$3.63	$4.69
Adjusted Weighted Average Diluted Shares Outstanding	49.30M	50.60M	51.80M	50.90M	51.10M	50.80M	50.10M	47.80M	46.90M	44.80M	42.50M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.97M	50.04M	50.58M	49.65M	50.17M	99.02M	95.10M	93.03M	44.41M	43.14M	41.15M
Normalized Net Operating Profit after Tax (NOPAT)	67	129	192	192	166	149	248	295	298	295	348
Normalized NOPAT Margin	2.20%	4.28%	5.73%	5.51%	4.50%	4.05%	5.91%	6.51%	6.11%	5.89%	6.62%
Pre Tax Income Margin	1.34%	4.14%	5.42%	1.22%	2.54%	2.15%	5.61%	4.99%	4.84%	5.31%	6.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.17	7.13	6.64	2.60	1.65	1.59	2.98	2.67	2.25	2.43	2.44
NOPAT to Interest Expense	-3.15	3.36	1.12	-1.68	0.57	0.46	1.46	2.18	0.92	1.58	1.42
EBIT Less CapEx to Interest Expense	-2.07	1.86	1.28	1.17	0.57	0.75	1.63	1.36	1.27	1.39	1.69
NOPAT Less CapEx to Interest Expense	-8.40	-1.91	-4.24	-3.12	-0.50	-0.39	0.11	0.88	-0.05	0.55	0.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-87.94%	54.46%	136.86%	-205.82%	96.99%	214.16%	36.06%	28.86%	48.73%	27.53%	26.36%
Augmented Payout Ratio	-87.94%	54.46%	136.86%	-545.82%	96.99%	442.47%	206.56%	57.56%	221.57%	144.08%	125.98%

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.26%	7.98%	4.59%	4.28%	3.03%	2.53%	1.49%	0.86%	3.78%	6.08%	9.08%
EBITDA Growth	11.92%	68.57%	-17.82%	35.83%	12.44%	-6.10%	3.44%	-4.31%	-3.03%	17.88%	39.49%
EBIT Growth	9.81%	113.68%	-28.55%	58.82%	17.14%	-13.16%	2.35%	-5.37%	5.60%	26.04%	56.37%
NOPAT Growth	16.15%	81.62%	-114.73%	117.22%	26.74%	-23.29%	757.24%	14.75%	5.99%	4.83%	48.61%
Net Income Growth	-7.87%	118.58%	-109.57%	185.25%	41.88%	-35.43%	1,006.67%	3.26%	-4.82%	17.87%	74.75%
EPS Growth	-6.85%	142.50%	-110.42%	240.63%	50.00%	-32.99%	970.00%	8.26%	0.98%	32.31%	86.21%
Operating Cash Flow Growth	28.11%	17.75%	46.53%	241.69%	-143.95%	-68.89%	-9.67%	-194.21%	408.62%	109.08%	1.03%
Free Cash Flow Firm Growth	-106.74%	-15.76%	151.74%	235.17%	197.52%	146.70%	-60.52%	-111.92%	-82.54%	-19.90%	68.20%
Invested Capital Growth	15.90%	14.56%	-7.59%	-11.91%	-8.31%	-2.32%	0.02%	5.81%	1.18%	-1.34%	-0.57%
Revenue Q/Q Growth	2.60%	0.92%	1.48%	-0.76%	1.38%	0.43%	0.45%	-1.38%	4.32%	2.65%	3.30%
EBITDA Q/Q Growth	17.88%	16.95%	-18.17%	20.40%	-2.42%	-2.33%	-9.85%	11.38%	-1.11%	18.72%	14.13%
EBIT Q/Q Growth	29.82%	28.17%	-27.38%	31.44%	-4.25%	-4.98%	-14.41%	21.53%	6.85%	13.41%	18.78%
NOPAT Q/Q Growth	71.17%	23.80%	-114.12%	826.17%	-0.13%	-25.07%	20.95%	26.78%	-7.75%	-25.89%	71.45%
Net Income Q/Q Growth	91.80%	40.74%	-109.11%	1,260.00%	-4.60%	-35.94%	27.90%	32.11%	-12.06%	-20.68%	89.63%
EPS Q/Q Growth	112.50%	42.65%	-110.31%	1,190.00%	-6.42%	-36.27%	33.85%	35.63%	-12.71%	-16.50%	88.37%
Operating Cash Flow Q/Q Growth	433.48%	24.80%	118.11%	-84.39%	-203.44%	188.35%	533.22%	-116.28%	438.87%	-40.15%	205.98%
Free Cash Flow Firm Q/Q Growth	-6.42%	18.48%	169.94%	122.76%	-23.22%	-60.96%	-40.87%	-167.26%	212.47%	79.07%	24.17%
Invested Capital Q/Q Growth	1.87%	-4.50%	-11.74%	2.59%	6.03%	1.74%	-9.63%	8.53%	1.39%	-0.79%	-8.93%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.40%	24.96%	25.98%	24.99%	25.16%	25.02%	26.08%	24.64%	24.90%	25.81%	27.73%
EBITDA Margin	14.74%	17.08%	13.78%	16.71%	16.09%	15.65%	14.04%	15.86%	15.03%	17.39%	19.21%
Operating Margin	8.68%	11.22%	8.20%	9.78%	9.26%	8.87%	8.27%	9.55%	10.30%	11.42%	13.06%
EBIT Margin	9.02%	11.46%	8.20%	10.86%	10.25%	9.70%	8.27%	10.19%	10.43%	11.53%	13.26%
Profit (Net Income) Margin	2.89%	4.02%	-0.36%	4.22%	3.97%	2.53%	3.23%	4.32%	3.64%	2.82%	5.17%
Tax Burden Percent	59.90%	56.91%	-8.57%	66.58%	69.17%	53.98%	71.83%	77.55%	63.37%	41.55%	59.87%
Interest Burden Percent	53.42%	61.74%	51.42%	58.42%	56.03%	48.40%	54.35%	54.72%	55.12%	58.80%	65.15%
Effective Tax Rate	39.93%	42.97%	110.86%	33.42%	30.69%	46.02%	30.28%	22.45%	36.36%	58.56%	39.88%
Return on Invested Capital (ROIC)	9.43%	12.27%	-1.76%	12.37%	11.82%	9.01%	12.20%	14.89%	12.82%	9.35%	17.49%
ROIC Less NNEP Spread (ROIC-NNEP)	8.08%	10.86%	-1.42%	10.97%	10.39%	7.70%	10.55%	13.03%	11.08%	8.19%	15.65%
Return on Net Nonoperating Assets (RNNOA)	32.93%	49.54%	-4.99%	39.63%	39.99%	33.44%	49.48%	63.72%	57.97%	44.81%	87.01%
Return on Equity (ROE)	42.36%	61.81%	-6.75%	52.00%	51.81%	42.46%	61.67%	78.61%	70.79%	54.16%	104.50%
Cash Return on Invested Capital (CROIC)	-6.37%	-3.42%	14.96%	21.20%	17.59%	10.67%	12.45%	6.65%	10.86%	13.34%	15.33%
Operating Return on Assets (OROA)	6.97%	9.05%	6.16%	8.27%	7.84%	7.49%	6.27%	7.72%	7.75%	8.71%	9.99%
Return on Assets (ROA)	2.23%	3.18%	-0.27%	3.22%	3.04%	1.96%	2.45%	3.27%	2.71%	2.13%	3.90%
Return on Common Equity (ROCE)	32.12%	45.53%	-5.23%	40.45%	40.20%	31.65%	43.13%	55.76%	48.95%	36.73%	67.16%
Return on Equity Simple (ROE_SIMPLE)	22.72%	32.37%	0.00%	33.35%	45.83%	46.70%	0.00%	85.71%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	63	79	-11	80	80	60	73	92	85	63	108
NOPAT Margin	5.22%	6.40%	-0.89%	6.51%	6.42%	4.79%	5.76%	7.41%	6.55%	4.73%	7.85%
Net Nonoperating Expense Percent (NNEP)	1.35%	1.41%	-0.34%	1.39%	1.43%	1.31%	1.64%	1.85%	1.74%	1.16%	1.85%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-0.27%	-	-	-	1.73%	2.19%	1.89%	1.44%	2.34%
Cost of Revenue to Revenue	77.60%	75.04%	74.02%	75.01%	74.84%	74.98%	73.92%	75.36%	75.10%	74.19%	72.27%
SG&A Expenses to Revenue	14.03%	13.85%	13.69%	16.23%	15.51%	16.07%	18.77%	14.94%	14.19%	14.91%	15.10%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.71%	13.74%	17.78%	15.21%	15.90%	16.15%	17.81%	15.09%	14.60%	14.40%	14.67%
Earnings before Interest and Taxes (EBIT)	110	141	102	134	129	122	105	127	136	154	183
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	179	210	172	207	202	197	178	198	196	232	265
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.74	7.19	9.85	10.30	14.17	18.38	21.84	18.06	14.69	18.09	17.43
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	0.00
Price to Revenue (P/Rev)	0.66	0.69	0.80	0.83	0.92	1.02	0.81	0.74	0.74	0.94	0.92
Price to Earnings (P/E)	27.91	24.17	44.62	33.47	33.38	42.65	24.79	22.50	22.99	28.56	24.24
Dividend Yield	1.23%	1.45%	0.99%	0.96%	0.88%	0.80%	1.02%	1.13%	1.10%	0.85%	0.86%
Earnings Yield	3.58%	4.14%	2.24%	2.99%	3.00%	2.34%	4.03%	4.44%	4.35%	3.50%	4.13%
Enterprise Value to Invested Capital (EV/IC)	1.91	2.07	2.48	2.52	2.64	2.84	2.63	2.37	2.34	2.77	2.94
Enterprise Value to Revenue (EV/Rev)	1.14	1.15	1.21	1.24	1.37	1.49	1.24	1.21	1.20	1.39	1.31
Enterprise Value to EBITDA (EV/EBITDA)	8.27	7.52	8.39	8.19	8.94	10.04	8.34	8.19	8.15	9.06	7.77
Enterprise Value to EBIT (EV/EBIT)	13.86	11.91	13.84	13.12	14.26	16.50	13.73	13.48	12.99	14.07	11.54
Enterprise Value to NOPAT (EV/NOPAT)	24.59	21.75	33.78	27.62	28.32	33.70	21.07	19.79	19.53	22.97	19.85
Enterprise Value to Operating Cash Flow (EV/OCF)	9.88	9.69	8.38	7.54	11.43	15.97	14.60	20.14	10.65	11.29	10.82
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	15.96	11.13	14.35	26.28	21.10	36.59	21.64	20.66	19.11
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.22	5.85	6.79	6.91	8.39	9.44	12.47	11.80	10.71	10.07	10.35
Long-Term Debt to Equity	4.89	5.48	6.27	6.37	7.78	8.76	11.54	10.93	9.84	9.14	9.35
Financial Leverage	4.08	4.56	3.52	3.61	3.85	4.34	4.69	4.89	5.23	5.47	5.56
Leverage Ratio	11.87	13.50	11.89	11.50	11.68	13.03	15.88	15.62	16.41	16.93	19.40
Compound Leverage Factor	6.34	8.33	6.12	6.72	6.54	6.31	8.63	8.55	9.05	9.96	12.64
Debt to Total Capital	83.93%	85.40%	87.16%	87.35%	89.35%	90.42%	92.57%	92.19%	91.46%	90.96%	91.19%
Short-Term Debt to Total Capital	5.26%	5.42%	6.63%	6.83%	6.48%	6.45%	6.91%	6.76%	7.39%	8.40%	8.75%
Long-Term Debt to Total Capital	78.67%	79.99%	80.53%	80.52%	82.87%	83.96%	85.66%	85.42%	84.07%	82.56%	82.44%
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%	0.00%
Noncontrolling Interests to Total Capital	2.97%	3.03%	3.03%	3.01%	3.01%	3.08%	3.03%	2.93%	2.89%	2.92%	2.80%
Common Equity to Total Capital	13.10%	11.56%	9.81%	9.65%	7.64%	6.51%	4.39%	4.89%	5.65%	6.12%	6.01%
Debt to EBITDA	5.34	4.63	5.04	4.81	4.93	5.20	5.22	5.23	5.52	5.04	4.73
Net Debt to EBITDA	3.30	2.84	2.64	2.56	2.80	2.99	2.75	3.02	2.97	2.77	2.19
Long-Term Debt to EBITDA	5.01	4.34	4.65	4.43	4.57	4.83	4.83	4.84	5.07	4.58	4.28
Debt to NOPAT	15.87	13.40	20.27	16.21	15.61	17.45	13.19	12.63	13.22	12.78	12.10
Net Debt to NOPAT	9.82	8.23	10.61	8.62	8.87	10.03	6.96	7.29	7.12	7.01	5.59
Long-Term Debt to NOPAT	14.88	12.55	18.73	14.95	14.48	16.21	12.21	11.71	12.15	11.60	10.94
Altman Z-Score	1.38	1.44	1.40	1.44	1.53	1.55	1.43	1.42	1.34	1.47	1.45
Noncontrolling Interest Sharing Ratio	24.16%	26.34%	22.55%	22.20%	22.42%	25.44%	30.07%	29.06%	30.85%	32.19%	35.73%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.55	1.52	1.43	1.46	1.57	1.57	1.52	1.52	1.51	1.46	1.51
Quick Ratio	1.08	1.07	1.01	0.99	1.13	1.15	1.12	1.10	1.08	1.06	1.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-322	-262	184	409	314	123	72	-49	55	98	122
Operating Cash Flow to CapEx	345.75%	481.28%	719.51%	131.21%	-118.67%	134.25%	814.54%	-106.93%	457.40%	373.39%	732.55%
Free Cash Flow to Firm to Interest Expense	-6.30	-4.88	4.84	7.33	5.56	1.95	6.36	-0.85	0.90	1.55	1.91
Operating Cash Flow to Interest Expense	2.94	3.49	10.80	1.15	-1.17	0.93	32.44	-1.05	3.35	1.93	5.87
Operating Cash Flow Less CapEx to Interest Expense	2.09	2.76	9.30	0.27	-2.16	0.24	28.46	-2.03	2.62	1.41	5.06
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.79	0.75	0.76	0.77	0.77	0.76	0.76	0.74	0.76	0.75
Accounts Receivable Turnover	5.64	6.07	5.94	5.68	5.86	6.05	6.63	6.16	6.13	6.24	7.02
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	5.14	5.33	5.00	5.03	5.05	5.12	5.02	4.93	4.92	4.98	4.98
Accounts Payable Turnover	15.96	18.29	13.57	14.46	16.08	16.88	13.22	14.10	14.55	14.87	12.28
Days Sales Outstanding (DSO)	64.66	60.17	61.44	64.25	62.31	60.33	55.08	59.21	59.57	58.53	52.01
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	22.87	19.96	26.89	25.25	22.70	21.62	27.61	25.88	25.09	24.55	29.73
Cash Conversion Cycle (CCC)	41.79	40.21	34.56	39.00	39.61	38.71	27.46	33.32	34.48	33.98	22.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,809	2,683	2,368	2,429	2,576	2,621	2,368	2,570	2,606	2,586	2,355
Invested Capital Turnover	1.81	1.92	1.98	1.90	1.84	1.88	2.12	2.01	1.96	1.98	2.23
Increase / (Decrease) in Invested Capital	385	341	-195	-328	-234	-62	0.40	141	30	-35	-14
Enterprise Value (EV)	5,374	5,549	5,884	6,116	6,798	7,436	6,222	6,081	6,091	7,175	6,917
Market Capitalization	3,106	3,329	3,914	4,083	4,543	5,092	4,038	3,717	3,740	4,857	4,840
Book Value per Share	$11.66	$9.97	$8.82	$8.93	$7.21	$6.28	$4.24	$4.77	$6.06	$6.44	$6.68
Tangible Book Value per Share	($31.07)	($31.83)	($34.73)	($34.47)	($35.75)	($37.64)	($38.32)	($38.92)	($39.90)	($39.50)	($39.06)
Total Capital	4,133	4,003	4,052	4,110	4,194	4,259	4,209	4,211	4,508	4,388	4,622
Total Debt	3,469	3,419	3,531	3,590	3,747	3,851	3,896	3,882	4,123	3,991	4,214
Total Long-Term Debt	3,251	3,202	3,263	3,309	3,475	3,576	3,605	3,597	3,790	3,623	3,810
Net Debt	2,145	2,099	1,848	1,909	2,129	2,213	2,056	2,241	2,221	2,189	1,947
Capital Expenditures (CapEx)	44	39	57	49	56	44	45	56	45	33	51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-208	-266	-571	-486	-321	-330	-560	-413	-532	-513	-732
Debt-free Net Working Capital (DFNWC)	1,115	1,055	1,113	1,194	1,297	1,309	1,281	1,228	1,371	1,289	1,535
Net Working Capital (NWC)	898	838	844	914	1,026	1,034	990	943	1,037	921	1,131
Net Nonoperating Expense (NNE)	28	29	-6.59	28	31	28	32	38	38	26	37
Net Nonoperating Obligations (NNO)	2,145	2,099	1,848	1,909	2,129	2,213	2,056	2,241	2,221	2,189	1,947
Total Depreciation and Amortization (D&A)	70	69	70	72	73	75	73	71	60	78	82
Debt-free, Cash-free Net Working Capital to Revenue	-4.41%	-5.51%	-11.71%	-9.88%	-6.46%	-6.60%	-11.17%	-8.22%	-10.49%	-9.96%	-13.91%
Debt-free Net Working Capital to Revenue	23.58%	21.88%	22.83%	24.25%	26.14%	26.22%	25.55%	24.44%	27.03%	25.05%	29.18%
Net Working Capital to Revenue	18.98%	17.38%	17.32%	18.55%	20.67%	20.71%	19.74%	18.77%	20.46%	17.89%	21.50%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.69	$0.98	($0.09)	$1.10	$1.03	$0.66	$0.89	$1.20	$1.03	$0.87	$1.63
Adjusted Weighted Average Basic Shares Outstanding	46.70M	46.50M	46.20M	44.80M	44.60M	44.20M	44.30M	43.10M	42.30M	41.90M	42.20M
Adjusted Diluted Earnings per Share	$0.68	$0.97	($0.10)	$1.09	$1.02	$0.65	$0.87	$1.18	$1.03	$0.86	$1.62
Adjusted Weighted Average Diluted Shares Outstanding	47.30M	47.10M	46.90M	45.30M	45.10M	44.80M	44.80M	43.50M	42.40M	42.10M	42.50M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	46.43M	45.05M	44.41M	44.46M	44.14M	43.64M	43.14M	42.00M	41.66M	41.55M	41.15M
Normalized Net Operating Profit after Tax (NOPAT)	63	79	71	80	80	60	73	92	85	107	108
Normalized NOPAT Margin	5.22%	6.40%	5.74%	6.51%	6.42%	4.79%	5.76%	7.41%	6.55%	7.99%	7.85%
Pre Tax Income Margin	4.82%	7.07%	4.21%	6.34%	5.75%	4.70%	4.49%	5.57%	5.75%	6.78%	8.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.15	2.61	2.69	2.41	2.27	1.94	9.17	2.21	2.23	2.43	2.87
NOPAT to Interest Expense	1.24	1.46	-0.29	1.44	1.42	0.96	6.39	1.61	1.40	1.00	1.70
EBIT Less CapEx to Interest Expense	1.30	1.89	1.19	1.53	1.29	1.25	5.18	1.23	1.50	1.91	2.07
NOPAT Less CapEx to Interest Expense	0.39	0.73	-1.79	0.57	0.44	0.27	2.41	0.63	0.67	0.48	0.90
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	43.66%	30.91%	48.73%	36.46%	31.25%	36.94%	27.53%	31.46%	31.95%	29.83%	26.36%
Augmented Payout Ratio	100.33%	118.09%	221.57%	170.27%	179.71%	183.38%	144.08%	159.24%	185.92%	158.88%	125.98%

Financials Breakdown Chart

Key Financial Trends

Brink’s Co (BCO) – four-year trends (based on quarterly data from 2022 through 2025)

Revenue trend: Q4 2025 revenue rose to about $1.379B from about $1.195B in Q4 2024, signaling a recovery from softer 2024 levels and a return toward the upper end of the prior four-year range.
Stable gross margin: Gross margin has remained in the roughly 26–28% band across the period (Q4 2025 gross profit about $382.4M on $1.379B revenue, ~27.7%), indicating consistent pricing and cost structure.
Operating profitability improving: Q4 2025 Operating Income was $180.1M, up from $104.5M in Q4 2024, suggesting margin expansion despite ongoing cost pressures.
Earnings momentum: Net income attributable to common shareholders rose meaningfully in late 2025 (Q4 2025 EPS diluted $1.62) versus prior-year quarters, reflecting higher profitability and operating leverage.
Robust quarterly operating cash flow: Net Cash From Continuing Operating Activities stayed strong around $370M+ in late-2024 to 2025 (e.g., Q4 2025: $373.6M; Q4 2024: $369.8M), underscoring solid cash generation from core business.
Balance sheet size and structure: Total assets typically sit in the $6.5–7.0B range with total liabilities near $6.0–6.6B over the period, and a relatively modest equity base, indicating a leveraged but manageable balance sheet profile.
Dividend per share stability: Cash dividends per share remained around $0.255 across recent periods, suggesting steady shareholder return policy even as earnings vary.
Debt activity: Q4 2025 showed a sizable issuance of debt (around $5.3B), which boosted cash flow in that quarter and provided liquidity, though it raises near-term leverage considerations.
Leverage concerns persist: Long-term debt and total liabilities sit well above equity in several quarters (long-term debt often in the mid-to-high $3B range; total liabilities around $6B+), indicating ongoing balance-sheet leverage that warrants monitoring.
Financing cash flow variability: While CFO is strong, financing cash flows have at times been negative (e.g., notable quarterly outflows in some periods), reflecting debt service and shareholder distributions that can pressure liquidity in weaker quarters.

05/07/26 01:41 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Brink's' Financials

When does Brink's' fiscal year end?

According to the most recent income statement we have on file, Brink's' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Brink's' net income changed over the last 10 years?

Brink's' net income appears to be on an upward trend, with a most recent value of $210.20 million in 2025, falling from -$28.20 million in 2015. The previous period was $174.70 million in 2024. See Brink's' forecast for analyst expectations on whatâ€™s next for the company.

What is Brink's' operating income?

Brink's' total operating income in 2025 was $585.50 million, based on the following breakdown:

Total Gross Profit: $1.36 billion
Total Operating Expenses: $772.50 million

How has Brink's' revenue changed over the last 10 years?

Over the last 10 years, Brink's' total revenue changed from $3.06 billion in 2015 to $5.26 billion in 2025, a change of 71.9%.

How much debt does Brink's have?

Brink's' total liabilities were at $6.93 billion at the end of 2025, a 9.8% increase from 2024, and a 328.9% increase since 2015.

How much cash does Brink's have?

In the past 10 years, Brink's' cash and equivalents has ranged from $181.90 million in 2015 to $1.73 billion in 2025, and is currently $1.73 billion as of their latest financial filing in 2025.

How has Brink's' book value per share changed over the last 10 years?

Over the last 10 years, Brink's' book value per share changed from 6.50 in 2015 to 6.68 in 2025, a change of 2.8%.

Related Companies

Financial statements for NYSE:BCO last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Brink's (BCO) Financials

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