Bright Horizons Family Solutions (BFAM) Financials

$122.91 -0.65 (-0.53%)

Closing price 03:59 PM Eastern

Extended Trading

$122.98 +0.07 (+0.06%)

As of 04:04 PM Eastern

Annual Income Statements for Bright Horizons Family Solutions

This table shows Bright Horizons Family Solutions' 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	140	74	81	70	27	180	158	157	95	94
Consolidated Net Income / (Loss)	140	74	81	70	27	180	158	157	95	94
Net Income / (Loss) Continuing Operations	140	74	81	70	27	180	158	157	95	94
Total Pre-Tax Income	198	120	112	90	16	223	192	161	143	140
Total Operating Income	247	171	158	129	53	268	239	205	197	182
Total Gross Profit	620	532	479	415	305	523	473	431	391	358
Total Revenue	2,686	2,418	2,020	1,755	1,515	2,062	1,903	1,741	1,570	1,458
Operating Revenue	2,686	2,418	2,020	1,755	1,515	2,062	1,903	1,741	1,570	1,458
Total Cost of Revenue	2,066	1,887	1,542	1,340	1,211	1,539	1,430	1,310	1,179	1,101
Operating Cost of Revenue	2,066	1,887	1,542	1,340	1,211	1,539	1,430	1,310	1,179	1,101
Total Operating Expenses	373	360	321	286	251	255	234	225	194	176
Selling, General & Admin Expense	355	327	289	257	220	221	202	193	164	148
Amortization Expense	18	33	32	29	32	34	33	33	30	28
Total Other Income / (Expense), net	-49	-52	-45	-39	-38	-45	-48	-44	-54	-41
Interest Expense	49	52	39	39	38	45	48	44	54	41
Other Income / (Expense), net	0.00	0.00	-5.92	0.00	0.00	-	-	-	-	-
Income Tax Expense	58	45	32	20	-11	42	34	4.44	48	46
Basic Earnings per Share	$2.42	$1.28	$1.38	$1.16	$0.45	$3.10	$2.72	$2.65	$3.18	$1.53
Weighted Average Basic Shares Outstanding	57.93M	57.72M	58.34M	60.31M	59.53M	57.84M	57.81M	58.87M	118.46M	60.84M
Diluted Earnings per Share	$2.40	$1.28	$1.37	$1.15	$0.45	$3.05	$2.66	$2.59	$1.55	$1.50
Weighted Average Diluted Shares Outstanding	58.47M	57.93M	58.49M	60.87M	60.31M	58.95M	59.00M	60.25M	121.19M	62.36M
Weighted Average Basic & Diluted Shares Outstanding	57.35M	57.96M	57.81M	59.28M	60.78M	58.20M	58.10M	59.20M	59.60M	61.40M

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	38	29	55	39	17	5.52	40	21	8.13	18	18
Consolidated Net Income / (Loss)	38	29	55	39	17	5.52	40	21	8.13	18	18
Net Income / (Loss) Continuing Operations	38	29	55	39	17	5.52	40	21	8.13	18	18
Total Pre-Tax Income	52	37	78	57	26	14	55	33	18	27	27
Total Operating Income	62	48	89	69	40	28	67	46	31	40	39
Total Gross Profit	156	141	182	162	135	116	158	137	122	111	129
Total Revenue	666	674	719	670	623	616	646	603	554	530	540
Operating Revenue	666	674	719	670	623	616	646	603	554	530	540
Total Cost of Revenue	510	534	538	508	488	500	488	467	432	418	411
Operating Cost of Revenue	510	534	538	508	488	500	488	467	432	418	411
Total Operating Expenses	93	92	92	93	95	88	91	91	91	72	90
Selling, General & Admin Expense	92	90	89	87	88	79	83	82	83	63	81
Amortization Expense	1.60	2.20	2.64	5.85	7.65	8.52	7.57	9.13	8.20	8.79	8.95
Total Other Income / (Expense), net	-10	-11	-12	-12	-14	-14	-12	-12	-13	-13	-12
Interest Expense	10	11	12	12	14	14	12	12	13	13	12
Income Tax Expense	14	7.65	23	18	9.27	8.46	15	13	9.60	8.72	9.09
Basic Earnings per Share	$0.66	$0.50	$0.95	$0.68	$0.29	$0.09	$0.69	$0.36	$0.14	$0.31	$0.32
Weighted Average Basic Shares Outstanding	57.38M	57.93M	58.06M	57.97M	57.88M	57.72M	57.77M	57.71M	57.60M	58.34M	57.66M
Diluted Earnings per Share	$0.66	$0.50	$0.94	$0.67	$0.29	$0.10	$0.69	$0.35	$0.14	$0.31	$0.31
Weighted Average Diluted Shares Outstanding	57.95M	58.47M	58.70M	58.44M	58.31M	57.93M	58.05M	57.91M	57.71M	58.49M	57.74M
Weighted Average Basic & Diluted Shares Outstanding	57.25M	57.35M	58.18M	58.04M	58.00M	57.96M	57.90M	57.88M	57.81M	57.81M	57.75M

This table details how cash moves in and out of Bright Horizons Family Solutions' 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	34	38	-213	-123	357	-7.29	2.01	19	3.01	-76
Net Cash From Operating Activities	337	256	188	227	210	330	295	248	213	170
Net Cash From Continuing Operating Activities	337	256	188	227	210	330	295	248	213	170
Net Income / (Loss) Continuing Operations	140	74	81	70	27	180	158	157	95	94
Consolidated Net Income / (Loss)	140	74	81	70	27	180	158	157	95	94
Depreciation Expense	98	111	106	109	112	108	101	95	85	79
Non-Cash Adjustments To Reconcile Net Income	75	77	46	44	48	15	20	21	25	13
Changes in Operating Assets and Liabilities, net	24	-6.00	-44	2.05	20	24	14	-26	4.47	-19
Net Cash From Investing Activities	-118	-127	-278	-117	-84	-189	-159	-105	-303	-155
Net Cash From Continuing Investing Activities	-118	-127	-278	-117	-84	-189	-159	-105	-303	-155
Purchase of Property, Plant & Equipment	-97	-91	-71	-63	-85	-112	-92	-88	-75	-78
Acquisitions	-8.27	-40	-210	-54	-8.25	-59	-67	-21	-229	-78
Purchase of Investments	-53	-16	-31	-30	-26	-28	-0.77	0.00	0.00	-
Sale of Property, Plant & Equipment	2.04	0.23	11	5.83	12	7.08	1.83	4.29	1.23	0.05
Sale and/or Maturity of Investments	38	20	23	24	23	3.00	0.00	0.00	-	-
Net Cash From Financing Activities	-184	-92	-121	-230	229	-149	-134	-124	94	-91
Net Cash From Continuing Financing Activities	-184	-92	-121	-230	229	-149	-134	-124	94	-91
Repayment of Debt	-174	-503	-227	-1,037	-57	-417	-700	-602	-1,325	-253
Repurchase of Common Equity	-85	0.00	-183	-214	-33	-32	-127	-162	-113	-128
Issuance of Debt	157	403	295	992	43	289	680	643	1,511	267
Issuance of Common Equity	27	11	13	38	289	27	23	27	3.68	3.86
Other Financing Activities, net	-109	-2.82	-20	-9.26	-13	-16	-11	-30	16	19
Effect of Exchange Rate Changes	-1.62	-0.01	-2.47	-3.02	2.53	0.56	-	-	-1.12	-0.47
Cash Interest Paid	74	74	41	32	35	43	46	44	37	38
Cash Income Taxes Paid	76	59	50	32	11	51	42	31	35	50

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	0.25	4.63	-25	74	-20	30	-17	17	8.01	0.05	-225
Net Cash From Operating Activities	86	121	-8.94	109	116	95	-19	113	67	57	5.21
Net Cash From Continuing Operating Activities	86	121	-8.94	109	116	95	-19	113	67	57	5.21
Net Income / (Loss) Continuing Operations	38	29	55	39	17	5.52	40	21	8.13	18	18
Consolidated Net Income / (Loss)	38	29	55	39	17	5.52	40	21	8.13	18	18
Depreciation Expense	22	22	23	25	28	28	27	29	27	28	27
Non-Cash Adjustments To Reconcile Net Income	8.04	40	12	10	13	47	11	10	8.33	16	9.86
Changes in Operating Assets and Liabilities, net	18	29	-98	35	59	14	-97	53	24	-5.23	-50
Net Cash From Investing Activities	-15	-25	-29	-26	-38	-35	-23	-50	-18	-27	-228
Net Cash From Continuing Investing Activities	-15	-25	-29	-26	-38	-35	-23	-50	-18	-27	-228
Purchase of Property, Plant & Equipment	-15	-32	-23	-23	-19	-31	-20	-21	-19	-22	-22
Acquisitions	0.00	-	-4.72	-1.05	-2.50	-1.86	-6.89	-31	-0.12	-0.99	-206
Purchase of Investments	-4.19	-9.55	-6.77	-9.21	-27	-6.59	-0.51	-2.73	-6.23	-11	-8.13
Sale and/or Maturity of Investments	4.87	14	6.20	6.81	11	4.09	4.22	3.78	7.45	7.38	5.00
Net Cash From Financing Activities	-73	-88	11	-9.13	-98	-31	26	-46	-41	-32	-0.44
Net Cash From Continuing Financing Activities	-73	-88	11	-9.13	-98	-31	26	-46	-41	-32	-0.44
Repayment of Debt	-50	-5.00	-4.00	-21	-144	-150	-37	-153	-164	-161	-58
Repurchase of Common Equity	-20	-	-	-	-	-	-	-	-	-	-110
Issuance of Debt	0.00	-	-	17	140	117	62	104	120	128	167
Issuance of Common Equity	8.25	2.20	18	1.39	5.51	2.42	1.38	3.10	4.29	1.82	0.86
Other Financing Activities, net	-13	-0.59	-2.97	-6.52	-99	-0.20	-0.77	-0.10	-1.75	-0.71	-0.28
Effect of Exchange Rate Changes	2.03	-2.93	2.03	-0.05	-0.67	1.27	-0.95	-0.22	-0.11	1.55	-1.80
Cash Interest Paid	15	17	19	19	20	19	19	18	18	16	12
Cash Income Taxes Paid	7.59	24	12	36	3.86	18	15	21	4.90	12	8.83

This table presents Bright Horizons Family Solutions' 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	3,850	3,896	3,799	3,640	3,727	3,330	2,524	2,469	2,359	2,151
Total Current Assets	496	447	348	540	624	229	194	192	154	153
Cash & Equivalents	110	72	36	261	384	28	15	23	15	12
Accounts Receivable	283	282	217	211	177	149	131	117	97	97
Prepaid Expenses	102	94	94	68	63	52	47	52	43	44
Plant, Property, & Equipment, net	573	579	571	598	629	636	597	575	529	430
Total Noncurrent Assets	2,781	2,870	2,880	2,502	2,474	2,465	1,733	1,701	1,675	1,568
Goodwill	1,763	1,786	1,728	1,482	1,432	1,413	1,348	1,307	1,268	1,148
Intangible Assets	198	217	246	251	275	305	323	349	375	389
Other Noncurrent Operating Assets	821	867	906	769	767	748	63	46	33	31
Total Liabilities & Shareholders' Equity	3,850	3,896	3,799	3,640	3,727	3,330	2,524	2,469	2,359	2,151
Total Liabilities	2,572	2,683	2,718	2,461	2,443	2,359	1,745	1,720	1,671	1,423
Total Current Liabilities	779	799	786	622	531	483	484	461	388	305
Short-Term Debt	29	19	100	16	11	11	129	138	87	34
Accounts Payable	305	259	231	197	195	167	154	133	125	115
Current Deferred Revenue	305	273	223	258	198	191	170	-	147	137
Other Current Liabilities	141	249	233	150	128	114	30	190	29	20
Total Noncurrent Liabilities	1,793	1,884	1,932	1,839	1,912	1,876	1,261	1,259	1,284	1,118
Long-Term Debt	918	944	962	976	1,020	1,028	1,037	1,046	1,054	906
Noncurrent Deferred Revenue	16	8.66	8.93	9.69	10	10	-	66	66	55
Noncurrent Deferred & Payable Income Tax Liabilities	20	33	51	49	46	59	71	74	112	113
Other Noncurrent Operating Liabilities	838	898	911	804	836	779	153	72	52	44
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	1,278	1,213	1,080	1,179	1,284	971	779	749	688	728
Total Preferred & Common Equity	1,278	1,213	1,080	1,179	1,284	971	779	749	688	728
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,278	1,213	1,080	1,179	1,284	971	779	749	688	728
Common Stock	623	646	599	746	910	648	649	747	899	983
Retained Earnings	766	626	552	471	401	374	193	35	-122	-217
Accumulated Other Comprehensive Income / (Loss)	-110	-59	-71	-37	-27	-50	-62	-33	-89	-39

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

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,823	3,915	3,837	3,791	3,802	3,823	3,805	3,716
Total Current Assets	448	404	396	348	369	336	371	303
Cash & Equivalents	112	110	140	64	41	66	45	33
Accounts Receivable	239	232	185	220	223	181	231	194
Prepaid Expenses	97	63	71	65	105	89	96	76
Plant, Property, & Equipment, net	575	597	579	574	572	581	575	561
Total Noncurrent Assets	2,800	2,914	2,862	2,869	2,861	2,906	2,859	2,852
Goodwill	1,779	1,828	1,788	1,771	1,751	1,767	1,732	1,674
Intangible Assets	196	203	204	208	223	231	237	255
Other Noncurrent Operating Assets	824	883	870	889	887	907	890	923
Total Liabilities & Shareholders' Equity	3,823	3,915	3,837	3,791	3,802	3,823	3,805	3,716
Total Liabilities	2,499	2,516	2,554	2,562	2,637	2,674	2,702	2,722
Total Current Liabilities	744	667	712	686	743	758	788	690
Short-Term Debt	25	26	24	21	45	16	61	129
Accounts Payable	273	279	283	238	242	239	211	232
Current Deferred Revenue	309	222	259	279	210	240	264	193
Other Current Liabilities	137	140	147	149	246	263	253	136
Total Noncurrent Liabilities	1,755	1,849	1,842	1,876	1,894	1,916	1,914	2,032
Long-Term Debt	873	926	932	938	950	954	958	965
Noncurrent Deferred Revenue	16	17	13	11	8.48	8.82	8.76	9.95
Noncurrent Deferred & Payable Income Tax Liabilities	24	23	30	32	46	45	47	56
Other Noncurrent Operating Liabilities	843	883	867	895	889	907	900	1,001
Total Equity & Noncontrolling Interests	1,324	1,399	1,283	1,229	1,165	1,150	1,103	994
Total Preferred & Common Equity	1,324	1,399	1,283	1,229	1,165	1,150	1,103	994
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,324	1,399	1,283	1,229	1,165	1,150	1,103	994
Common Stock	609	697	673	663	636	627	616	591
Retained Earnings	804	737	682	643	620	580	560	534
Accumulated Other Comprehensive Income / (Loss)	-89	-35	-72	-77	-91	-58	-73	-130

This table displays calculated financial ratios and metrics derived from Bright Horizons Family Solutions' 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	11.07%	19.69%	15.11%	15.85%	-26.52%	8.35%	9.32%	10.90%	7.64%	7.79%
EBITDA Growth	22.21%	9.35%	7.33%	42.65%	-55.45%	10.55%	13.23%	5.59%	8.39%	16.02%
EBIT Growth	44.02%	12.91%	17.56%	141.91%	-80.09%	12.01%	16.38%	4.16%	8.61%	23.61%
NOPAT Growth	64.47%	-6.21%	12.58%	9.40%	-57.61%	10.05%	-1.32%	53.07%	7.25%	29.15%
Net Income Growth	88.88%	-7.96%	14.45%	161.04%	-85.04%	14.18%	0.65%	65.64%	0.89%	30.39%
EPS Growth	87.50%	-6.57%	19.13%	155.56%	-85.25%	14.66%	2.70%	67.10%	3.33%	40.19%
Operating Cash Flow Growth	31.75%	35.90%	-17.07%	8.44%	-36.56%	12.08%	18.76%	16.40%	25.38%	-2.43%
Free Cash Flow Firm Growth	51.22%	232.19%	-168.05%	-16.38%	-12.63%	-7.00%	70.05%	469.22%	-155.63%	-62.12%
Invested Capital Growth	0.53%	-0.09%	10.21%	-1.02%	-2.62%	2.71%	1.06%	5.28%	9.59%	4.48%
Revenue Q/Q Growth	2.23%	3.69%	3.42%	5.13%	-8.65%	2.10%	2.06%	2.43%	1.75%	2.37%
EBITDA Q/Q Growth	4.35%	-3.93%	0.21%	12.82%	-24.80%	2.08%	4.48%	2.04%	1.86%	3.40%
EBIT Q/Q Growth	8.82%	-6.20%	-1.09%	27.02%	-52.77%	1.41%	5.03%	2.45%	1.27%	4.34%
NOPAT Q/Q Growth	15.78%	-11.16%	1.03%	15.79%	-16.67%	-0.37%	-4.01%	18.39%	0.66%	5.76%
Net Income Q/Q Growth	20.24%	-14.43%	0.43%	27.36%	-62.62%	0.62%	-2.94%	27.99%	-6.69%	5.65%
EPS Q/Q Growth	20.00%	-14.09%	2.24%	27.78%	-63.71%	0.99%	-2.56%	28.86%	-6.63%	7.91%
Operating Cash Flow Q/Q Growth	8.17%	17.25%	8.95%	1.02%	-7.99%	0.88%	7.24%	-5.01%	10.62%	-12.90%
Free Cash Flow Firm Q/Q Growth	438.52%	97.88%	-12.64%	8.06%	40.62%	-29.51%	10.76%	248.71%	-119.06%	-38.56%
Invested Capital Q/Q Growth	-5.62%	-0.78%	2.45%	2.14%	1.86%	5.05%	1.43%	2.83%	12.09%	1.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.07%	21.99%	23.69%	23.64%	20.10%	25.36%	24.87%	24.73%	24.90%	24.53%
EBITDA Margin	12.83%	11.66%	12.76%	13.68%	11.11%	18.33%	17.97%	17.35%	18.22%	18.09%
Operating Margin	9.18%	7.08%	7.80%	7.35%	3.52%	12.99%	12.56%	11.80%	12.56%	12.45%
EBIT Margin	9.18%	7.08%	7.51%	7.35%	3.52%	12.99%	12.56%	11.80%	12.56%	12.45%
Profit (Net Income) Margin	5.22%	3.07%	3.99%	4.01%	1.78%	8.75%	8.30%	9.02%	6.04%	6.44%
Tax Burden Percent	70.85%	62.04%	71.88%	77.99%	172.45%	81.01%	82.46%	97.25%	66.17%	67.02%
Interest Burden Percent	80.23%	69.86%	73.97%	70.03%	29.35%	83.14%	80.13%	78.56%	72.60%	77.18%
Effective Tax Rate	29.15%	37.96%	28.12%	22.01%	-72.45%	18.99%	17.54%	2.75%	33.83%	32.98%
Return on Invested Capital (ROIC)	8.28%	5.05%	5.64%	5.24%	4.70%	11.09%	10.27%	10.73%	7.52%	7.51%
ROIC Less NNEP Spread (ROIC-NNEP)	4.28%	1.71%	1.93%	0.86%	-3.14%	7.71%	6.88%	6.99%	4.04%	4.36%
Return on Net Nonoperating Assets (RNNOA)	2.97%	1.43%	1.50%	0.48%	-2.31%	9.51%	10.40%	11.12%	5.86%	5.19%
Return on Equity (ROE)	11.26%	6.47%	7.14%	5.72%	2.39%	20.61%	20.67%	21.85%	13.39%	12.71%
Cash Return on Invested Capital (CROIC)	7.76%	5.14%	-4.08%	6.26%	7.35%	8.42%	9.22%	5.59%	-1.63%	3.13%
Operating Return on Assets (OROA)	6.37%	4.45%	4.08%	3.50%	1.51%	9.15%	9.58%	8.51%	8.75%	8.46%
Return on Assets (ROA)	3.62%	1.93%	2.17%	1.91%	0.77%	6.16%	6.33%	6.50%	4.20%	4.38%
Return on Common Equity (ROCE)	11.26%	6.47%	7.14%	5.72%	2.39%	20.61%	20.67%	21.85%	13.39%	12.71%
Return on Equity Simple (ROE_SIMPLE)	10.97%	6.12%	7.46%	5.97%	2.10%	18.57%	20.27%	20.95%	13.78%	12.91%
Net Operating Profit after Tax (NOPAT)	175	106	113	101	92	217	197	200	131	122
NOPAT Margin	6.51%	4.39%	5.61%	5.73%	6.07%	10.52%	10.36%	11.48%	8.31%	8.34%
Net Nonoperating Expense Percent (NNEP)	4.00%	3.34%	3.72%	4.38%	7.84%	3.39%	3.39%	3.75%	3.48%	3.15%
Return On Investment Capital (ROIC_SIMPLE)	7.85%	4.88%	5.29%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	76.93%	78.01%	76.31%	76.36%	79.90%	74.64%	75.13%	75.27%	75.10%	75.47%
SG&A Expenses to Revenue	13.20%	13.52%	14.31%	14.63%	14.49%	10.74%	10.59%	11.06%	10.44%	10.16%
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	13.89%	14.91%	15.89%	16.29%	16.58%	12.37%	12.30%	12.93%	12.36%	12.08%
Earnings before Interest and Taxes (EBIT)	247	171	152	129	53	268	239	205	197	182
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	345	282	258	240	168	378	342	302	286	264
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.05	4.50	3.37	6.44	8.16	9.00	8.30	7.44	6.06	5.51
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)	2.40	2.26	1.80	4.33	6.92	4.24	3.40	3.20	2.65	2.75
Price to Earnings (P/E)	46.01	73.52	45.19	107.85	388.15	48.47	40.97	35.51	43.97	42.70
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.17%	1.36%	2.21%	0.93%	0.26%	2.06%	2.44%	2.82%	2.27%	2.34%
Enterprise Value to Invested Capital (EV/IC)	3.45	3.02	2.22	4.36	5.76	4.92	3.95	3.53	2.92	2.98
Enterprise Value to Revenue (EV/Rev)	2.71	2.63	2.31	4.75	7.34	4.73	4.01	3.87	3.37	3.39
Enterprise Value to EBITDA (EV/EBITDA)	21.15	22.52	18.11	34.68	66.06	25.81	22.29	22.30	18.51	18.72
Enterprise Value to EBIT (EV/EBIT)	29.54	37.07	30.79	64.57	208.56	36.42	31.88	32.78	26.83	27.19
Enterprise Value to NOPAT (EV/NOPAT)	41.70	59.75	41.22	82.80	120.94	44.96	38.66	33.71	40.55	40.58
Enterprise Value to Operating Cash Flow (EV/OCF)	21.59	24.78	24.78	36.66	53.08	29.53	25.86	27.14	24.82	29.04
Enterprise Value to Free Cash Flow (EV/FCFF)	44.54	58.68	0.00	69.27	77.34	59.26	43.06	64.70	0.00	97.46
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.74	0.79	0.98	0.84	0.80	1.07	1.50	1.58	1.66	1.29
Long-Term Debt to Equity	0.72	0.78	0.89	0.83	0.79	1.06	1.33	1.40	1.53	1.24
Financial Leverage	0.69	0.84	0.78	0.56	0.74	1.23	1.51	1.59	1.45	1.19
Leverage Ratio	3.11	3.36	3.29	2.99	3.13	3.34	3.27	3.36	3.19	2.90
Compound Leverage Factor	2.49	2.34	2.43	2.09	0.92	2.78	2.62	2.64	2.31	2.24
Debt to Total Capital	42.55%	44.26%	49.56%	45.70%	44.54%	51.68%	59.93%	61.25%	62.38%	56.35%
Short-Term Debt to Total Capital	1.28%	0.85%	4.67%	0.74%	0.46%	0.53%	6.63%	7.13%	4.74%	2.01%
Long-Term Debt to Total Capital	41.27%	43.41%	44.89%	44.96%	44.07%	51.15%	53.30%	54.12%	57.64%	54.33%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.45%	55.74%	50.44%	54.30%	55.46%	48.32%	40.07%	38.75%	37.62%	43.65%
Debt to EBITDA	2.75	3.42	4.12	4.13	6.12	2.75	3.41	3.92	3.99	3.56
Net Debt to EBITDA	2.43	3.16	3.98	3.04	3.84	2.67	3.36	3.84	3.94	3.52
Long-Term Debt to EBITDA	2.67	3.35	3.73	4.06	6.06	2.72	3.03	3.46	3.69	3.43
Debt to NOPAT	5.42	9.06	9.37	9.86	11.21	4.79	5.91	5.93	8.74	7.72
Net Debt to NOPAT	4.79	8.39	9.05	7.27	7.03	4.66	5.83	5.81	8.63	7.62
Long-Term Debt to NOPAT	5.26	8.89	8.49	9.70	11.09	4.74	5.26	5.24	8.08	7.44
Altman Z-Score	2.60	2.10	1.53	2.61	3.21	3.17	3.26	2.81	2.25	2.42
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.64	0.56	0.44	0.87	1.18	0.47	0.40	0.42	0.40	0.50
Quick Ratio	0.51	0.44	0.32	0.76	1.06	0.37	0.30	0.30	0.29	0.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	164	108	-82	120	144	165	177	104	-28	51
Operating Cash Flow to CapEx	354.20%	282.11%	314.07%	394.11%	287.74%	315.33%	325.09%	296.04%	287.74%	218.76%
Free Cash Flow to Firm to Interest Expense	3.36	2.10	-2.07	3.11	3.82	3.65	3.73	2.36	-0.52	1.22
Operating Cash Flow to Interest Expense	6.92	4.96	4.77	5.88	5.56	7.32	6.20	5.64	3.95	4.10
Operating Cash Flow Less CapEx to Interest Expense	4.97	3.20	3.25	4.39	3.63	5.00	4.30	3.73	2.57	2.23
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.69	0.63	0.54	0.48	0.43	0.70	0.76	0.72	0.70	0.68
Accounts Receivable Turnover	9.51	9.69	9.44	9.06	9.31	14.73	15.33	16.24	16.14	16.17
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	4.66	4.20	3.46	2.86	2.40	3.34	3.25	3.15	3.27	3.52
Accounts Payable Turnover	7.33	7.70	7.20	6.84	6.70	9.58	9.96	10.15	9.82	9.52
Days Sales Outstanding (DSO)	38.39	37.65	38.67	40.30	39.20	24.78	23.81	22.47	22.61	22.57
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)	49.78	47.37	50.66	53.37	54.52	38.09	36.64	35.98	37.18	38.33
Cash Conversion Cycle (CCC)	-11.39	-9.72	-11.99	-13.07	-15.31	-13.31	-12.83	-13.51	-14.57	-15.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,115	2,104	2,106	1,911	1,930	1,982	1,930	1,910	1,814	1,655
Invested Capital Turnover	1.27	1.15	1.01	0.91	0.77	1.05	0.99	0.94	0.91	0.90
Increase / (Decrease) in Invested Capital	11	-1.94	195	-20	-52	52	20	96	159	71
Enterprise Value (EV)	7,286	6,348	4,669	8,331	11,124	9,755	7,622	6,735	5,293	4,938
Market Capitalization	6,450	5,457	3,644	7,599	10,477	8,744	6,472	5,574	4,166	4,011
Book Value per Share	$21.97	$20.94	$18.71	$19.53	$21.20	$16.69	$13.42	$12.63	$11.56	$12.12
Tangible Book Value per Share	($11.72)	($13.65)	($15.46)	($9.17)	($6.98)	($12.83)	($15.35)	($15.28)	($16.04)	($13.48)
Total Capital	2,225	2,175	2,142	2,172	2,315	2,010	1,945	1,933	1,829	1,667
Total Debt	947	963	1,062	992	1,031	1,039	1,166	1,184	1,141	939
Total Long-Term Debt	918	944	962	976	1,020	1,028	1,037	1,046	1,054	906
Net Debt	837	891	1,025	731	647	1,011	1,150	1,161	1,126	928
Capital Expenditures (CapEx)	95	91	60	58	73	105	91	84	74	78
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-365	-406	-375	-327	-280	-272	-176	-154	-161	-131
Debt-free Net Working Capital (DFNWC)	-255	-334	-339	-66	104	-244	-161	-130	-146	-119
Net Working Capital (NWC)	-283	-353	-439	-82	93	-254	-290	-268	-233	-153
Net Nonoperating Expense (NNE)	35	32	33	30	65	37	39	43	36	28
Net Nonoperating Obligations (NNO)	837	891	1,025	731	647	1,011	1,150	1,161	1,126	928
Total Depreciation and Amortization (D&A)	98	111	106	111	115	110	103	97	89	82
Debt-free, Cash-free Net Working Capital to Revenue	-13.60%	-16.77%	-18.55%	-18.62%	-18.50%	-13.17%	-9.27%	-8.82%	-10.26%	-8.96%
Debt-free Net Working Capital to Revenue	-9.49%	-13.81%	-16.76%	-3.75%	6.87%	-11.82%	-8.46%	-7.49%	-9.33%	-8.16%
Net Working Capital to Revenue	-10.55%	-14.58%	-21.71%	-4.67%	6.16%	-12.34%	-15.23%	-15.41%	-14.85%	-10.47%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.42	$1.28	$1.38	$1.16	$0.45	$3.10	$5.44	$2.65	$1.59	$1.53
Adjusted Weighted Average Basic Shares Outstanding	57.93M	57.72M	58.34M	60.31M	59.53M	57.84M	115.63M	58.87M	59.23M	60.84M
Adjusted Diluted Earnings per Share	$2.40	$1.28	$1.37	$1.15	$0.45	$3.05	$2.66	$2.59	$1.55	$1.50
Adjusted Weighted Average Diluted Shares Outstanding	58.47M	57.93M	58.49M	60.87M	60.31M	58.95M	118.00M	60.25M	60.59M	62.36M
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	57.35M	57.96M	57.81M	59.28M	60.78M	58.20M	57.95M	58.57M	59.51M	59.76M
Normalized Net Operating Profit after Tax (NOPAT)	175	106	113	101	37	217	197	200	131	122
Normalized NOPAT Margin	6.51%	4.39%	5.61%	5.73%	2.46%	10.52%	10.36%	11.48%	8.31%	8.34%
Pre Tax Income Margin	7.37%	4.95%	5.55%	5.15%	1.03%	10.80%	10.07%	9.27%	9.12%	9.61%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.06	3.32	3.84	3.34	1.42	5.93	5.03	4.66	3.65	4.38
NOPAT to Interest Expense	3.58	2.06	2.87	2.60	2.44	4.81	4.15	4.54	2.42	2.94
EBIT Less CapEx to Interest Expense	3.10	1.56	2.32	1.85	-0.52	3.61	3.12	2.76	2.28	2.51
NOPAT Less CapEx to Interest Expense	1.63	0.30	1.35	1.11	0.51	2.48	2.24	2.63	1.04	1.06
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	60.34%	0.00%	226.40%	303.48%	120.99%	17.49%	80.19%	103.33%	119.03%	136.39%

This table displays calculated financial ratios and metrics derived from Bright Horizons Family Solutions' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	6.88%	9.50%	11.35%	11.08%	12.48%	16.26%	19.54%	23.02%	20.24%	14.45%	17.35%
EBITDA Growth	24.53%	25.55%	19.90%	26.96%	16.59%	-17.04%	40.67%	11.14%	2.14%	10.53%	-9.68%
EBIT Growth	55.93%	70.78%	33.78%	51.67%	30.32%	-28.60%	71.13%	8.66%	-1.67%	12.01%	-15.09%
NOPAT Growth	76.60%	242.48%	28.97%	68.48%	83.98%	-58.18%	87.74%	-19.86%	-43.99%	4.10%	-22.17%
Net Income Growth	123.96%	427.21%	37.33%	90.22%	109.07%	-69.38%	119.09%	-17.44%	-58.13%	1.97%	-31.96%
EPS Growth	127.59%	400.00%	36.23%	91.43%	107.14%	-67.74%	122.58%	-16.67%	-57.58%	10.71%	-29.55%
Operating Cash Flow Growth	-25.90%	26.77%	53.14%	-2.91%	72.78%	65.53%	-466.19%	67.72%	14.95%	36.87%	-89.48%
Free Cash Flow Firm Growth	380.42%	106.63%	-259.11%	101.57%	86.42%	107.77%	89.92%	-339.50%	-977.50%	-472.15%	-374.23%
Invested Capital Growth	-0.70%	0.53%	5.69%	2.16%	2.28%	-0.09%	3.16%	12.02%	9.10%	10.21%	9.88%
Revenue Q/Q Growth	-1.28%	-6.25%	7.32%	7.60%	1.15%	-4.67%	7.06%	8.96%	4.55%	-1.98%	10.17%
EBITDA Q/Q Growth	19.28%	-36.96%	18.38%	39.89%	20.25%	-39.79%	25.35%	28.46%	-14.44%	2.09%	-0.96%
EBIT Q/Q Growth	29.12%	-46.05%	29.45%	72.92%	41.42%	-57.74%	46.76%	48.58%	-22.52%	1.28%	-6.82%
NOPAT Q/Q Growth	19.48%	-39.47%	33.06%	83.52%	131.71%	-77.21%	73.83%	100.40%	-47.33%	2.32%	-25.80%
Net Income Q/Q Growth	30.65%	-46.96%	40.16%	130.58%	207.55%	-86.18%	94.13%	153.43%	-54.96%	-1.13%	-26.85%
EPS Q/Q Growth	32.00%	-46.81%	40.30%	131.03%	190.00%	-85.51%	97.14%	150.00%	-54.84%	0.00%	-26.19%
Operating Cash Flow Q/Q Growth	-28.57%	1,449.99%	-108.17%	-5.89%	22.20%	599.02%	-116.92%	67.47%	17.08%	1,003.94%	-92.25%
Free Cash Flow Firm Q/Q Growth	124.09%	147.08%	-2,001.97%	113.97%	-265.12%	181.83%	91.68%	-20.77%	5.51%	-6.13%	-297.75%
Invested Capital Q/Q Growth	-0.25%	-5.62%	6.79%	-1.24%	0.99%	-0.78%	3.23%	-1.12%	-1.36%	2.45%	12.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.40%	20.85%	25.24%	24.24%	21.70%	18.83%	24.41%	22.64%	21.97%	21.01%	23.84%
EBITDA Margin	12.64%	10.46%	15.56%	14.11%	10.85%	9.13%	14.45%	12.34%	10.47%	12.79%	12.28%
Operating Margin	9.36%	7.15%	12.43%	10.31%	6.41%	4.59%	10.35%	7.55%	5.54%	7.47%	7.23%
EBIT Margin	9.36%	7.15%	12.43%	10.31%	6.41%	4.59%	10.35%	7.55%	5.54%	7.47%	7.23%
Profit (Net Income) Margin	5.72%	4.32%	7.64%	5.85%	2.73%	0.90%	6.19%	3.41%	1.47%	3.41%	3.38%
Tax Burden Percent	73.28%	79.20%	70.59%	68.67%	64.71%	39.49%	73.22%	61.82%	45.83%	67.42%	66.74%
Interest Burden Percent	83.38%	76.25%	87.01%	82.60%	65.74%	49.53%	81.71%	73.16%	57.85%	67.66%	70.02%
Effective Tax Rate	26.72%	20.80%	29.41%	31.33%	35.29%	60.51%	26.78%	38.18%	54.17%	32.58%	33.26%
Return on Invested Capital (ROIC)	8.84%	7.21%	10.57%	8.71%	4.91%	2.08%	8.46%	5.35%	2.69%	5.07%	4.80%
ROIC Less NNEP Spread (ROIC-NNEP)	7.94%	6.16%	9.66%	7.75%	3.97%	1.49%	7.58%	4.41%	2.00%	4.08%	3.87%
Return on Net Nonoperating Assets (RNNOA)	5.22%	4.28%	6.77%	5.47%	3.18%	1.25%	7.08%	3.15%	1.50%	3.18%	2.87%
Return on Equity (ROE)	14.06%	11.49%	17.34%	14.18%	8.09%	3.33%	15.54%	8.49%	4.19%	8.24%	7.67%
Cash Return on Invested Capital (CROIC)	9.87%	7.76%	1.39%	4.44%	3.31%	5.14%	2.62%	-6.41%	-3.53%	-4.08%	-3.70%
Operating Return on Assets (OROA)	6.71%	4.96%	8.47%	6.87%	4.20%	2.88%	6.42%	4.57%	3.16%	4.06%	3.80%
Return on Assets (ROA)	4.10%	3.00%	5.20%	3.90%	1.79%	0.56%	3.84%	2.07%	0.84%	1.85%	1.78%
Return on Common Equity (ROCE)	14.06%	11.49%	17.34%	14.18%	8.09%	3.33%	15.54%	8.49%	4.19%	8.24%	7.67%
Return on Equity Simple (ROE_SIMPLE)	12.18%	0.00%	8.33%	7.92%	6.76%	0.00%	7.44%	5.65%	6.29%	0.00%	8.08%
Net Operating Profit after Tax (NOPAT)	46	38	63	47	26	11	49	28	14	27	26
NOPAT Margin	6.86%	5.67%	8.78%	7.08%	4.15%	1.81%	7.58%	4.67%	2.54%	5.04%	4.82%
Net Nonoperating Expense Percent (NNEP)	0.90%	1.05%	0.91%	0.96%	0.95%	0.59%	0.89%	0.93%	0.69%	0.98%	0.93%
Return On Investment Capital (ROIC_SIMPLE)	2.05%	1.72%	-	-	-	0.51%	-	-	-	1.24%	-
Cost of Revenue to Revenue	76.60%	79.15%	74.76%	75.76%	78.30%	81.17%	75.59%	77.36%	78.03%	78.99%	76.16%
SG&A Expenses to Revenue	13.80%	13.37%	12.45%	13.06%	14.06%	12.86%	12.89%	13.58%	14.95%	11.88%	14.96%
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	14.04%	13.69%	12.81%	13.93%	15.29%	14.24%	14.06%	15.09%	16.43%	13.54%	16.62%
Earnings before Interest and Taxes (EBIT)	62	48	89	69	40	28	67	46	31	40	39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	84	71	112	95	68	56	93	74	58	68	66
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.50	5.05	5.81	4.98	5.34	4.50	4.05	4.65	4.03	3.37	3.35
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)	2.67	2.40	3.10	2.50	2.64	2.26	2.02	2.40	2.11	1.80	1.71
Price to Earnings (P/E)	45.19	46.01	69.76	62.80	79.00	73.52	54.35	82.21	64.17	45.19	41.51
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.21%	2.17%	1.43%	1.59%	1.27%	1.36%	1.84%	1.22%	1.56%	2.21%	2.41%
Enterprise Value to Invested Capital (EV/IC)	3.83	3.45	4.01	3.43	3.51	3.02	2.67	3.04	2.61	2.22	2.14
Enterprise Value to Revenue (EV/Rev)	2.96	2.71	3.42	2.82	3.00	2.63	2.43	2.81	2.57	2.31	2.25
Enterprise Value to EBITDA (EV/EBITDA)	22.35	21.15	27.18	23.11	25.59	22.52	19.32	23.45	20.47	18.11	17.08
Enterprise Value to EBIT (EV/EBIT)	30.01	29.54	39.60	35.28	41.32	37.07	31.06	40.37	34.54	30.79	28.66
Enterprise Value to NOPAT (EV/NOPAT)	41.60	41.70	59.47	52.72	63.73	59.75	47.41	65.30	52.68	41.22	39.19
Enterprise Value to Operating Cash Flow (EV/OCF)	26.26	21.59	28.77	23.85	24.45	24.78	25.95	25.74	27.50	24.78	25.40
Enterprise Value to Free Cash Flow (EV/FCFF)	38.62	44.54	295.45	78.11	107.20	58.68	103.71	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.68	0.74	0.68	0.74	0.78	0.79	0.85	0.84	0.92	0.98	1.10
Long-Term Debt to Equity	0.66	0.72	0.66	0.73	0.76	0.78	0.82	0.83	0.87	0.89	0.97
Financial Leverage	0.66	0.69	0.70	0.71	0.80	0.84	0.93	0.71	0.75	0.78	0.74
Leverage Ratio	2.98	3.11	3.01	3.15	3.26	3.36	3.48	3.24	3.25	3.29	3.30
Compound Leverage Factor	2.49	2.37	2.62	2.60	2.14	1.66	2.85	2.37	1.88	2.23	2.31
Debt to Total Capital	40.41%	42.55%	40.48%	42.68%	43.83%	44.26%	46.08%	45.76%	48.00%	49.56%	52.41%
Short-Term Debt to Total Capital	1.13%	1.28%	1.11%	1.05%	0.96%	0.85%	2.10%	0.75%	2.85%	4.67%	6.18%
Long-Term Debt to Total Capital	39.28%	41.27%	39.38%	41.63%	42.87%	43.41%	43.98%	45.01%	45.14%	44.89%	46.23%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	59.59%	57.45%	59.52%	57.32%	56.17%	55.74%	53.92%	54.24%	52.00%	50.44%	47.59%
Debt to EBITDA	2.49	2.75	2.88	3.07	3.29	3.42	3.39	3.64	3.84	4.12	4.25
Net Debt to EBITDA	2.18	2.43	2.55	2.62	3.07	3.16	3.25	3.39	3.68	3.98	4.13
Long-Term Debt to EBITDA	2.42	2.67	2.80	2.99	3.22	3.35	3.24	3.58	3.62	3.73	3.75
Debt to NOPAT	4.63	5.42	6.31	6.99	8.19	9.06	8.33	10.14	9.89	9.37	9.76
Net Debt to NOPAT	4.05	4.79	5.58	5.97	7.65	8.39	7.98	9.45	9.46	9.05	9.47
Long-Term Debt to NOPAT	4.50	5.26	6.13	6.82	8.01	8.89	7.95	9.97	9.30	8.49	8.61
Altman Z-Score	2.72	2.43	2.87	2.37	2.36	1.98	1.85	1.90	1.64	1.44	1.37
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.60	0.64	0.61	0.56	0.51	0.56	0.50	0.44	0.47	0.44	0.44
Quick Ratio	0.47	0.51	0.51	0.46	0.41	0.44	0.36	0.33	0.35	0.32	0.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	61	27	-57	3.02	-22	13	-16	-192	-159	-168	-159
Operating Cash Flow to CapEx	565.81%	376.36%	-38.46%	483.33%	600.39%	309.04%	-94.83%	542.44%	348.18%	258.55%	28.11%
Free Cash Flow to Firm to Interest Expense	5.86	2.36	-4.95	0.25	-1.58	0.92	-1.31	-15.73	-12.32	-13.17	-13.56
Operating Cash Flow to Interest Expense	8.33	10.53	-0.77	9.11	8.50	6.68	-1.56	9.23	5.21	4.49	0.44
Operating Cash Flow Less CapEx to Interest Expense	6.85	7.73	-2.77	7.23	7.09	4.52	-3.21	7.52	3.71	2.76	-1.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.72	0.69	0.68	0.67	0.65	0.63	0.62	0.61	0.57	0.54	0.53
Accounts Receivable Turnover	11.89	9.51	11.55	13.95	11.04	9.69	11.17	12.64	10.10	9.44	11.01
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	4.75	4.66	4.49	4.40	4.33	4.20	4.11	3.91	3.65	3.46	3.34
Accounts Payable Turnover	8.17	7.33	7.81	7.60	8.66	7.70	7.62	7.73	7.81	7.20	6.85
Days Sales Outstanding (DSO)	30.69	38.39	31.59	26.17	33.06	37.65	32.69	28.88	36.13	38.67	33.14
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)	44.68	49.78	46.71	48.00	42.14	47.37	47.89	47.23	46.76	50.66	53.28
Cash Conversion Cycle (CCC)	-13.99	-11.39	-15.12	-21.83	-9.09	-9.72	-15.20	-18.35	-10.62	-11.99	-20.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,110	2,115	2,241	2,098	2,125	2,104	2,120	2,054	2,077	2,106	2,055
Invested Capital Turnover	1.29	1.27	1.20	1.23	1.18	1.15	1.12	1.15	1.06	1.01	1.00
Increase / (Decrease) in Invested Capital	-15	11	121	44	47	-1.94	65	220	173	195	185
Enterprise Value (EV)	8,072	7,286	8,975	7,200	7,459	6,348	5,670	6,249	5,425	4,669	4,394
Market Capitalization	7,286	6,450	8,134	6,385	6,564	5,457	4,715	5,345	4,451	3,644	3,333
Book Value per Share	$23.08	$21.97	$24.11	$22.12	$21.24	$20.94	$20.14	$19.89	$19.09	$18.71	$17.19
Tangible Book Value per Share	($11.36)	($11.72)	($10.88)	($12.22)	($12.97)	($13.65)	($13.97)	($14.69)	($14.97)	($15.46)	($16.18)
Total Capital	2,222	2,225	2,351	2,239	2,188	2,175	2,161	2,120	2,122	2,142	2,088
Total Debt	898	947	952	955	959	963	996	970	1,018	1,062	1,094
Total Long-Term Debt	873	918	926	932	938	944	950	954	958	962	965
Net Debt	786	837	842	815	895	891	955	904	974	1,025	1,062
Capital Expenditures (CapEx)	15	32	23	23	19	31	20	21	19	22	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-383	-365	-347	-433	-381	-406	-370	-472	-401	-375	-291
Debt-free Net Working Capital (DFNWC)	-271	-255	-237	-293	-317	-334	-329	-406	-357	-339	-258
Net Working Capital (NWC)	-296	-283	-263	-316	-338	-353	-374	-422	-417	-439	-387
Net Nonoperating Expense (NNE)	7.59	9.07	8.20	8.25	8.85	5.63	8.95	7.55	5.92	8.62	7.81
Net Nonoperating Obligations (NNO)	786	837	842	815	895	891	955	904	974	1,025	1,062
Total Depreciation and Amortization (D&A)	22	22	23	25	28	28	27	29	27	28	27
Debt-free, Cash-free Net Working Capital to Revenue	-14.03%	-13.60%	-13.20%	-16.96%	-15.31%	-16.77%	-15.85%	-21.19%	-18.98%	-18.55%	-14.88%
Debt-free Net Working Capital to Revenue	-9.92%	-9.49%	-9.02%	-11.47%	-12.75%	-13.81%	-14.10%	-18.23%	-16.87%	-16.76%	-13.22%
Net Working Capital to Revenue	-10.84%	-10.55%	-10.00%	-12.39%	-13.60%	-14.58%	-16.04%	-18.94%	-19.73%	-21.71%	-19.82%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.66	$0.50	$0.95	$0.68	$0.29	$0.09	$0.69	$0.36	$0.14	$0.31	$0.32
Adjusted Weighted Average Basic Shares Outstanding	57.38M	57.93M	58.06M	57.97M	57.88M	57.72M	57.77M	57.71M	57.60M	58.34M	57.66M
Adjusted Diluted Earnings per Share	$0.66	$0.50	$0.94	$0.67	$0.29	$0.10	$0.69	$0.35	$0.14	$0.31	$0.31
Adjusted Weighted Average Diluted Shares Outstanding	57.95M	58.47M	58.70M	58.44M	58.31M	57.93M	58.05M	57.91M	57.71M	58.49M	57.74M
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	57.25M	57.35M	58.18M	58.04M	58.00M	57.96M	57.90M	57.88M	57.81M	57.81M	57.75M
Normalized Net Operating Profit after Tax (NOPAT)	46	38	63	47	26	20	49	28	21	27	26
Normalized NOPAT Margin	6.86%	5.67%	8.78%	7.08%	4.15%	3.21%	7.58%	4.67%	3.87%	5.04%	4.82%
Pre Tax Income Margin	7.80%	5.45%	10.82%	8.51%	4.22%	2.27%	8.46%	5.52%	3.20%	5.05%	5.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.02	4.21	7.70	5.75	2.92	1.98	5.47	3.73	2.37	3.09	3.34
NOPAT to Interest Expense	4.41	3.33	5.43	3.95	1.89	0.78	4.00	2.30	1.09	2.08	2.23
EBIT Less CapEx to Interest Expense	4.54	1.41	5.70	3.86	1.50	-0.18	3.82	2.03	0.88	1.35	1.75
NOPAT Less CapEx to Interest Expense	2.94	0.54	3.43	2.06	0.47	-1.38	2.36	0.60	-0.41	0.35	0.64
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	64.60%	60.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	226.40%	366.43%

Frequently Asked Questions About Bright Horizons Family Solutions' Financials

When does Bright Horizons Family Solutions's fiscal year end?

According to the most recent income statement we have on file, Bright Horizons Family Solutions' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Bright Horizons Family Solutions' net income changed over the last 9 years?

Bright Horizons Family Solutions' net income appears to be on a downward trend, with a most recent value of $140.19 million in 2024, rising from $93.93 million in 2015. The previous period was $74.22 million in 2023. See Bright Horizons Family Solutions' forecast for analyst expectations on what’s next for the company.

What is Bright Horizons Family Solutions's operating income?

Bright Horizons Family Solutions's total operating income in 2024 was $246.62 million, based on the following breakdown:

Total Gross Profit: $619.61 million
Total Operating Expenses: $372.99 million

How has Bright Horizons Family Solutions revenue changed over the last 9 years?

Over the last 9 years, Bright Horizons Family Solutions' total revenue changed from $1.46 billion in 2015 to $2.69 billion in 2024, a change of 84.2%.

How much debt does Bright Horizons Family Solutions have?

Bright Horizons Family Solutions' total liabilities were at $2.57 billion at the end of 2024, a 4.2% decrease from 2023, and a 80.7% increase since 2015.

How much cash does Bright Horizons Family Solutions have?

In the past 9 years, Bright Horizons Family Solutions' cash and equivalents has ranged from $11.54 million in 2015 to $384.34 million in 2020, and is currently $110.33 million as of their latest financial filing in 2024.

How has Bright Horizons Family Solutions' book value per share changed over the last 9 years?

Over the last 9 years, Bright Horizons Family Solutions' book value per share changed from 12.12 in 2015 to 21.97 in 2024, a change of 81.3%.

Related Companies

This page (NYSE:BFAM) was last updated on 5/21/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Bright Horizons Family Solutions (BFAM) Financials

Frequently Asked Questions About Bright Horizons Family Solutions' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Bright Horizons Family Solutions (BFAM) Financials

Annual Income Statements for Bright Horizons Family Solutions

Quarterly Income Statements for Bright Horizons Family Solutions

Annual Cash Flow Statements for Bright Horizons Family Solutions

Quarterly Cash Flow Statements for Bright Horizons Family Solutions

Annual Balance Sheets for Bright Horizons Family Solutions

Quarterly Balance Sheets for Bright Horizons Family Solutions

Annual Metrics And Ratios for Bright Horizons Family Solutions

Quarterly Metrics And Ratios for Bright Horizons Family Solutions

Frequently Asked Questions About Bright Horizons Family Solutions' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools