Go Pro
→ The $15 Gold Fund That Pays Up to $1,152/Month (From Investors Alley) (Ad)tc pixel Free BFAM Stock Alerts

Bright Horizons Family Solutions (BFAM) Financials

Bright Horizons Family Solutions logo
$71.18 -0.77 (-1.07%)
As of 09/3/2026 03:58 PM Eastern
Compare
Annual Income Statements for Bright Horizons Family Solutions

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 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		 94 95 157 158 180 27 70 81 74 140 193
Consolidated Net Income / (Loss)		 94 95 157 158 180 27 70 81 74 140 193
Net Income / (Loss) Continuing Operations		 94 95 157 158 180 27 70 81 74 140 193
Total Pre-Tax Income 		140 143 161 192 223 16 90 112 120 198 270
Total Operating Income		 182 197 205 239 268 53 129 158 171 247 315
Total Gross Profit		 358 391 431 473 523 305 415 479 532 620 697
Total Revenue		 1,458 1,570 1,741 1,903 2,062 1,515 1,755 2,020 2,418 2,686 2,934
Operating Revenue		 1,458 1,570 1,741 1,903 2,062 1,515 1,755 2,020 2,418 2,686 2,934
Total Cost of Revenue		 1,101 1,179 1,310 1,430 1,539 1,211 1,340 1,542 1,887 2,066 2,236
Operating Cost of Revenue		 1,101 1,179 1,310 1,430 1,539 1,211 1,340 1,542 1,887 2,066 2,236
Total Operating Expenses		 176 194 225 234 255 251 286 321 360 373 383
Selling, General & Admin Expense		 148 164 193 202 221 220 257 289 327 355 376
Amortization Expense		 28 30 33 33 34 32 29 32 33 18 6.14
Total Other Income / (Expense), net		 -41 -54 -44 -48 -45 -38 -39 -45 -52 -49 -45
Interest Expense		 41 54 44 48 45 38 39 39 52 49 45
Income Tax Expense		 46 48 4.44 34 42 -11 20 32 45 58 77
Basic Earnings per Share		 $1.53 $3.18 $2.65 $2.72 $3.10 $0.45 $1.16 $1.38 $1.28 $2.42 $3.39
Weighted Average Basic Shares Outstanding		 60.84M 118.46M 58.87M 57.81M 57.84M 59.53M 60.31M 58.34M 57.72M 57.93M 56.95M
Diluted Earnings per Share		 $1.50 $1.55 $2.59 $2.66 $3.05 $0.45 $1.15 $1.37 $1.28 $2.40 $3.36
Weighted Average Diluted Shares Outstanding		 62.36M 121.19M 60.25M 59.00M 58.95M 60.31M 60.87M 58.49M 57.93M 58.47M 57.42M
Weighted Average Basic & Diluted Shares Outstanding		 61.40M 59.60M 59.20M 58.10M 58.20M 60.78M 59.28M 57.81M 57.96M 57.35M 55.11M

Quarterly Income Statements for Bright Horizons Family Solutions

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 5.52 17 39 55 29 38 55 79 22 34 41
Consolidated Net Income / (Loss)		 5.52 17 39 55 29 38 55 79 22 34 41
Net Income / (Loss) Continuing Operations		 5.52 17 39 55 29 38 55 79 22 34 41
Total Pre-Tax Income 		14 26 57 78 37 52 75 109 34 53 66
Total Operating Income		 28 40 69 89 48 62 86 121 45 65 80
Total Gross Profit		 116 135 162 182 141 156 183 217 142 163 189
Total Revenue		 616 623 670 719 674 666 732 803 734 712 779
Operating Revenue		 616 623 670 719 674 666 732 803 734 712 779
Total Cost of Revenue		 500 488 508 538 534 510 549 586 592 549 590
Operating Cost of Revenue		 500 488 508 538 534 510 549 586 592 549 590
Total Operating Expenses		 88 95 93 92 92 93 96 96 96 99 109
Selling, General & Admin Expense		 79 88 87 89 90 92 95 95 95 97 108
Amortization Expense		 8.52 7.65 5.85 2.64 2.20 1.60 1.66 1.48 1.39 1.19 1.14
Total Other Income / (Expense), net		 -14 -14 -12 -12 -11 -10 -11 -12 -12 -12 -14
Interest Expense		 14 14 12 12 11 10 11 12 12 12 14
Income Tax Expense		 8.46 9.27 18 23 7.65 14 21 30 12 19 25
Basic Earnings per Share		 $0.09 $0.29 $0.68 $0.95 $0.50 $0.66 $0.96 $1.38 $0.39 $0.63 $0.79
Weighted Average Basic Shares Outstanding		 57.72M 57.88M 57.97M 58.06M 57.93M 57.38M 57.26M 56.93M 56.95M 54.34M 51.54M
Diluted Earnings per Share		 $0.10 $0.29 $0.67 $0.94 $0.50 $0.66 $0.95 $1.37 $0.38 $0.62 $0.79
Weighted Average Diluted Shares Outstanding		 57.93M 58.31M 58.44M 58.70M 58.47M 57.95M 57.71M 57.38M 57.42M 54.70M 51.76M
Weighted Average Basic & Diluted Shares Outstanding		 57.96M 58.00M 58.04M 58.18M 57.35M 57.25M 56.87M 56.55M 55.11M 52.61M 48.64M

Annual Cash Flow Statements for Bright Horizons Family Solutions

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 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		 -76 3.01 19 2.01 -7.29 357 -123 -213 38 34 19
Net Cash From Operating Activities		 170 213 248 295 330 210 227 188 256 337 351
Net Cash From Continuing Operating Activities		 170 213 248 295 330 210 227 188 256 337 351
Net Income / (Loss) Continuing Operations		 94 95 157 158 180 27 70 81 74 140 193
Consolidated Net Income / (Loss)		 94 95 157 158 180 27 70 81 74 140 193
Depreciation Expense		 79 85 95 101 108 112 109 106 111 98 93
Non-Cash Adjustments To Reconcile Net Income		 13 25 21 20 15 48 44 46 77 75 81
Changes in Operating Assets and Liabilities, net		 -19 4.47 -26 14 24 20 2.05 -44 -6.00 24 -17
Net Cash From Investing Activities		 -155 -303 -105 -159 -189 -84 -117 -278 -127 -118 -104
Net Cash From Continuing Investing Activities		 -155 -303 -105 -159 -189 -84 -117 -278 -127 -118 -104
Purchase of Property, Plant & Equipment		 -78 -75 -88 -92 -112 -85 -63 -71 -91 -97 -92
Acquisitions		 -78 -229 -21 -67 -59 -8.25 -54 -210 -40 -8.27 -6.78
Purchase of Investments		 - 0.00 0.00 -0.77 -28 -26 -30 -31 -16 -53 -20
Sale of Property, Plant & Equipment		 0.05 1.23 4.29 1.83 7.08 12 5.83 11 0.23 2.04 0.86
Sale and/or Maturity of Investments		 - - 0.00 0.00 3.00 23 24 23 20 38 14
Net Cash From Financing Activities		 -91 94 -124 -134 -149 229 -230 -121 -92 -184 -233
Net Cash From Continuing Financing Activities		 -91 94 -124 -134 -149 229 -230 -121 -92 -184 -233
Repayment of Debt		 -253 -1,325 -602 -700 -417 -57 -1,037 -227 -503 -174 -984
Repurchase of Common Equity		 -128 -113 -162 -127 -32 -33 -214 -183 0.00 -85 -225
Issuance of Debt		 267 1,511 643 680 289 43 992 295 403 157 980
Issuance of Common Equity		 3.86 3.68 27 23 27 289 38 13 11 27 12
Other Financing Activities, net		 19 16 -30 -11 -16 -13 -9.26 -20 -2.82 -109 -15
Effect of Exchange Rate Changes		 -0.47 -1.12 - - 0.56 2.53 -3.02 -2.47 -0.01 -1.62 5.94
Cash Interest Paid		 38 37 44 46 43 35 32 41 74 74 56
Cash Income Taxes Paid		 50 35 31 42 51 11 32 50 59 76 73

Quarterly Cash Flow Statements for Bright Horizons Family Solutions

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 30 -20 74 -25 4.63 0.25 73 -71 17 -6.43 31
Net Cash From Operating Activities		 95 116 109 -8.94 121 86 134 -18 148 108 95
Net Cash From Continuing Operating Activities		 95 116 109 -8.94 121 86 134 -18 148 108 95
Net Income / (Loss) Continuing Operations		 5.52 17 39 55 29 38 55 79 22 34 41
Consolidated Net Income / (Loss)		 5.52 17 39 55 29 38 55 79 22 34 41
Depreciation Expense		 28 28 25 23 22 22 23 24 25 23 25
Non-Cash Adjustments To Reconcile Net Income		 47 13 10 12 40 8.04 7.80 12 54 9.78 28
Changes in Operating Assets and Liabilities, net		 14 59 35 -98 29 18 49 -132 48 41 2.26
Net Cash From Investing Activities		 -35 -38 -26 -29 -25 -15 -23 -26 -40 -20 -20
Net Cash From Continuing Investing Activities		 -35 -38 -26 -29 -25 -15 -23 -26 -40 -20 -20
Purchase of Property, Plant & Equipment		 -31 -19 -23 -23 -32 -15 -19 -25 -33 -20 -19
Purchase of Investments		 -6.59 -27 -9.21 -6.77 -9.55 -4.19 -2.14 -3.44 -9.98 -4.48 -4.74
Sale and/or Maturity of Investments		 4.09 11 6.81 6.20 14 4.87 2.63 2.78 3.75 5.09 3.81
Net Cash From Financing Activities		 -31 -98 -9.13 11 -88 -73 -43 -27 -91 -93 -44
Net Cash From Continuing Financing Activities		 -31 -98 -9.13 11 -88 -73 -43 -27 -91 -93 -44
Repayment of Debt		 -150 -144 -21 -4.00 -5.00 -50 -408 -114 -413 -113 -1,160
Repurchase of Common Equity		 - 0.00 - - - -20 -41 -44 -121 -225 -247
Issuance of Debt		 117 140 17 - - 0.00 405 132 443 252 1,364
Other Financing Activities, net		 -0.20 -99 -6.52 -2.97 -0.59 -13 -1.02 -1.62 -0.25 -6.93 -0.89
Effect of Exchange Rate Changes		 1.27 -0.67 -0.05 2.03 -2.93 2.03 5.02 -1.26 0.15 -1.32 -0.43
Cash Interest Paid		 19 20 19 19 17 15 14 14 13 13 15
Cash Income Taxes Paid		 18 3.86 36 12 24 7.59 28 22 14 11 39

Annual Balance Sheets for Bright Horizons Family Solutions

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 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		 2,151 2,359 2,469 2,524 3,330 3,727 3,640 3,799 3,896 3,850 3,890
Total Current Assets		 153 154 192 194 229 624 540 348 447 496 504
Cash & Equivalents		 12 15 23 15 28 384 261 36 72 110 140
Accounts Receivable		 97 97 117 131 149 177 211 217 282 283 294
Prepaid Expenses		 44 43 52 47 52 63 68 94 94 102 70
Plant, Property, & Equipment, net		 430 529 575 597 636 629 598 571 579 573 574
Total Noncurrent Assets		 1,568 1,675 1,701 1,733 2,465 2,474 2,502 2,880 2,870 2,781 2,811
Goodwill		 1,148 1,268 1,307 1,348 1,413 1,432 1,482 1,728 1,786 1,763 1,824
Intangible Assets		 389 375 349 323 305 275 251 246 217 198 193
Other Noncurrent Operating Assets		 31 33 46 63 748 767 769 906 867 821 794
Total Liabilities & Shareholders' Equity		 2,151 2,359 2,469 2,524 3,330 3,727 3,640 3,799 3,896 3,850 3,890
Total Liabilities		 1,423 1,671 1,720 1,745 2,359 2,443 2,461 2,718 2,683 2,572 2,550
Total Current Liabilities		 305 388 461 484 483 531 622 786 799 779 966
Short-Term Debt		 34 87 138 129 11 11 16 100 19 29 200
Accounts Payable		 115 125 133 154 167 195 197 231 259 305 293
Current Deferred Revenue		 137 147 - 170 191 198 258 223 273 305 331
Other Current Liabilities		 20 29 190 30 114 128 150 233 249 141 143
Total Noncurrent Liabilities		 1,118 1,284 1,259 1,261 1,876 1,912 1,839 1,932 1,884 1,793 1,584
Long-Term Debt		 906 1,054 1,046 1,037 1,028 1,020 976 962 944 918 748
Noncurrent Deferred Revenue		 55 66 66 - 10 10 9.69 8.93 8.66 16 15
Noncurrent Deferred & Payable Income Tax Liabilities		 113 112 74 71 59 46 49 51 33 20 15
Other Noncurrent Operating Liabilities		 44 52 72 153 779 836 804 911 898 838 807
Total Equity & Noncontrolling Interests		 728 688 749 779 971 1,284 1,179 1,080 1,213 1,278 1,339
Total Preferred & Common Equity		 728 688 749 779 971 1,284 1,179 1,080 1,213 1,278 1,339
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 728 688 749 779 971 1,284 1,179 1,080 1,213 1,278 1,339
Common Stock		 983 899 747 649 648 910 746 599 646 623 425
Retained Earnings		 -217 -122 35 193 374 401 471 552 626 766 959
Accumulated Other Comprehensive Income / (Loss)		 -39 -89 -33 -62 -50 -27 -37 -71 -59 -110 -45

Quarterly Balance Sheets for Bright Horizons Family Solutions

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 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 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 3/31/2026 6/30/2026
Total Assets		 3,805 3,823 3,802 3,791 3,837 3,915 3,823 3,920 3,884 3,792 3,790
Total Current Assets		 371 336 369 348 396 404 448 473 455 430 465
Cash & Equivalents		 45 66 41 64 140 110 112 179 117 133 164
Accounts Receivable		 231 181 223 220 185 232 239 198 247 216 209
Prepaid Expenses		 96 89 105 65 71 63 97 96 91 81 93
Plant, Property, & Equipment, net		 575 581 572 574 579 597 575 591 586 567 560
Total Noncurrent Assets		 2,859 2,906 2,861 2,869 2,862 2,914 2,800 2,856 2,844 2,795 2,765
Goodwill		 1,732 1,767 1,751 1,771 1,788 1,828 1,779 1,824 1,819 1,824 1,819
Intangible Assets		 237 231 223 208 204 203 196 196 195 192 191
Other Noncurrent Operating Assets		 890 907 887 889 870 883 824 835 830 778 755
Total Liabilities & Shareholders' Equity		 3,805 3,823 3,802 3,791 3,837 3,915 3,823 3,920 3,884 3,792 3,790
Total Liabilities		 2,702 2,674 2,637 2,562 2,554 2,516 2,499 2,521 2,457 2,646 2,847
Total Current Liabilities		 788 758 743 686 712 667 744 839 841 928 972
Short-Term Debt		 61 16 45 21 24 26 25 102 169 186 215
Accounts Payable		 211 239 242 238 283 279 273 308 281 267 310
Current Deferred Revenue		 264 240 210 279 259 222 309 283 243 320 288
Other Current Liabilities		 253 263 246 149 147 140 137 147 147 156 158
Total Noncurrent Liabilities		 1,914 1,916 1,894 1,876 1,842 1,849 1,755 1,682 1,616 1,718 1,875
Long-Term Debt		 958 954 950 938 932 926 873 797 748 898 1,072
Noncurrent Deferred Revenue		 8.76 8.82 8.48 11 13 17 16 16 16 14 14
Noncurrent Deferred & Payable Income Tax Liabilities		 47 45 46 32 30 23 24 24 26 21 24
Other Noncurrent Operating Liabilities		 900 907 889 895 867 883 843 845 826 785 765
Total Equity & Noncontrolling Interests		 1,103 1,150 1,165 1,229 1,283 1,399 1,324 1,399 1,427 1,146 944
Total Preferred & Common Equity		 1,103 1,150 1,165 1,229 1,283 1,399 1,324 1,399 1,427 1,146 944
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,103 1,150 1,165 1,229 1,283 1,399 1,324 1,399 1,427 1,146 944
Common Stock		 616 627 636 663 673 697 609 576 537 199 0.05
Retained Earnings		 560 580 620 643 682 737 804 859 937 993 988
Accumulated Other Comprehensive Income / (Loss)		 -73 -58 -91 -77 -72 -35 -89 -35 -47 -46 -44

Annual Metrics And Ratios for Bright Horizons Family Solutions

This table displays calculated financial ratios and metrics derived from Bright Horizons Family Solutions' 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		 7.79% 7.64% 10.90% 9.32% 8.35% -26.52% 15.85% 15.11% 19.69% 11.07% 9.22%
EBITDA Growth		 16.02% 8.39% 5.59% 13.23% 10.55% -55.45% 42.65% 7.33% 9.35% 22.21% 18.44%
EBIT Growth		 23.61% 8.61% 4.16% 16.38% 12.01% -80.09% 141.91% 17.56% 12.91% 44.02% 27.59%
NOPAT Growth		 29.15% 7.25% 53.07% -1.32% 10.05% -57.61% 9.40% 12.58% -6.21% 64.47% 28.84%
Net Income Growth		 30.39% 0.89% 65.64% 0.65% 14.18% -85.04% 161.04% 14.45% -7.96% 88.88% 37.75%
EPS Growth		 40.19% 3.33% 67.10% 2.70% 14.66% -85.25% 155.56% 19.13% -6.57% 87.50% 40.00%
Operating Cash Flow Growth		 -2.43% 25.38% 16.40% 18.76% 12.08% -36.56% 8.44% -17.07% 35.90% 31.75% 3.93%
Free Cash Flow Firm Growth		 -62.12% -155.63% 469.22% 70.05% -7.00% -12.63% -16.38% -168.05% 232.19% 51.22% 18.46%
Invested Capital Growth		 4.48% 9.59% 5.28% 1.06% 2.71% -2.62% -1.02% 10.21% -0.09% 0.53% 1.48%
Revenue Q/Q Growth		 2.37% 1.75% 2.43% 2.06% 2.10% -8.65% 5.13% 3.42% 3.69% 2.23% 2.07%
EBITDA Q/Q Growth		 3.40% 1.86% 2.04% 4.48% 2.08% -24.80% 12.82% 0.21% -3.93% 4.35% -0.07%
EBIT Q/Q Growth		 4.34% 1.27% 2.45% 5.03% 1.41% -52.77% 27.02% -1.09% -6.20% 8.82% -0.86%
NOPAT Q/Q Growth		 5.76% 0.66% 18.39% -4.01% -0.37% -16.67% 15.79% 1.03% -11.16% 15.78% -3.48%
Net Income Q/Q Growth		 5.65% -6.69% 27.99% -2.94% 0.62% -62.62% 27.36% 0.43% -14.43% 20.24% -3.68%
EPS Q/Q Growth		 7.91% -6.63% 28.86% -2.56% 0.99% -63.71% 27.78% 2.24% -14.09% 20.00% -3.45%
Operating Cash Flow Q/Q Growth		 -12.90% 10.62% -5.01% 7.24% 0.88% -7.99% 1.02% 8.95% 17.25% 8.17% 8.44%
Free Cash Flow Firm Q/Q Growth		 -38.56% -119.06% 248.71% 10.76% -29.51% 40.62% 8.06% -12.64% 97.88% 438.52% -21.37%
Invested Capital Q/Q Growth		 1.14% 12.09% 2.83% 1.43% 5.05% 1.86% 2.14% 2.45% -0.78% -5.62% -3.65%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 24.53% 24.90% 24.73% 24.87% 25.36% 20.10% 23.64% 23.69% 21.99% 23.07% 23.77%
EBITDA Margin		 18.09% 18.22% 17.35% 17.97% 18.33% 11.11% 13.68% 12.76% 11.66% 12.83% 13.91%
Operating Margin		 12.45% 12.56% 11.80% 12.56% 12.99% 3.52% 7.35% 7.80% 7.08% 9.18% 10.73%
EBIT Margin		 12.45% 12.56% 11.80% 12.56% 12.99% 3.52% 7.35% 7.51% 7.08% 9.18% 10.73%
Profit (Net Income) Margin		 6.44% 6.04% 9.02% 8.30% 8.75% 1.78% 4.01% 3.99% 3.07% 5.22% 6.58%
Tax Burden Percent		 67.02% 66.17% 97.25% 82.46% 81.01% 172.45% 77.99% 71.88% 62.04% 70.85% 71.55%
Interest Burden Percent		 77.18% 72.60% 78.56% 80.13% 83.14% 29.35% 70.03% 73.97% 69.86% 80.23% 85.78%
Effective Tax Rate		 32.98% 33.83% 2.75% 17.54% 18.99% -72.45% 22.01% 28.12% 37.96% 29.15% 28.45%
Return on Invested Capital (ROIC)		 7.51% 7.52% 10.73% 10.27% 11.09% 4.70% 5.24% 5.64% 5.05% 8.28% 10.57%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.36% 4.04% 6.99% 6.88% 7.71% -3.14% 0.86% 1.93% 1.71% 4.28% 6.67%
Return on Net Nonoperating Assets (RNNOA)		 5.19% 5.86% 11.12% 10.40% 9.51% -2.31% 0.48% 1.50% 1.43% 2.97% 4.19%
Return on Equity (ROE)		 12.71% 13.39% 21.85% 20.67% 20.61% 2.39% 5.72% 7.14% 6.47% 11.26% 14.75%
Cash Return on Invested Capital (CROIC)		 3.13% -1.63% 5.59% 9.22% 8.42% 7.35% 6.26% -4.08% 5.14% 7.76% 9.10%
Operating Return on Assets (OROA)		 8.46% 8.75% 8.51% 9.58% 9.15% 1.51% 3.50% 4.08% 4.45% 6.37% 8.13%
Return on Assets (ROA)		 4.38% 4.20% 6.50% 6.33% 6.16% 0.77% 1.91% 2.17% 1.93% 3.62% 4.99%
Return on Common Equity (ROCE)		 12.71% 13.39% 21.85% 20.67% 20.61% 2.39% 5.72% 7.14% 6.47% 11.26% 14.75%
Return on Equity Simple (ROE_SIMPLE)		 12.91% 13.78% 20.95% 20.27% 18.57% 2.10% 5.97% 7.46% 6.12% 10.97% 0.00%
Net Operating Profit after Tax (NOPAT)		 122 131 200 197 217 92 101 113 106 175 225
NOPAT Margin		 8.34% 8.31% 11.48% 10.36% 10.52% 6.07% 5.73% 5.61% 4.39% 6.51% 7.67%
Net Nonoperating Expense Percent (NNEP)		 3.15% 3.48% 3.75% 3.39% 3.39% 7.84% 4.38% 3.72% 3.34% 4.00% 3.90%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 5.29% 4.88% 7.85% 9.85%
Cost of Revenue to Revenue		 75.47% 75.10% 75.27% 75.13% 74.64% 79.90% 76.36% 76.31% 78.01% 76.93% 76.23%
SG&A Expenses to Revenue		 10.16% 10.44% 11.06% 10.59% 10.74% 14.49% 14.63% 14.31% 13.52% 13.20% 12.83%
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		 12.08% 12.36% 12.93% 12.30% 12.37% 16.58% 16.29% 15.89% 14.91% 13.89% 13.04%
Earnings before Interest and Taxes (EBIT)		 182 197 205 239 268 53 129 152 171 247 315
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 264 286 302 342 378 168 240 258 282 345 408
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.51 6.06 7.44 8.30 9.00 8.16 6.44 3.37 4.50 5.05 4.28
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)		 2.75 2.65 3.20 3.40 4.24 6.92 4.33 1.80 2.26 2.40 1.95
Price to Earnings (P/E)		 42.70 43.97 35.51 40.97 48.47 388.15 107.85 45.19 73.52 46.01 29.69
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		 2.34% 2.27% 2.82% 2.44% 2.06% 0.26% 0.93% 2.21% 1.36% 2.17% 3.37%
Enterprise Value to Invested Capital (EV/IC)		 2.98 2.92 3.53 3.95 4.92 5.76 4.36 2.22 3.02 3.45 3.05
Enterprise Value to Revenue (EV/Rev)		 3.39 3.37 3.87 4.01 4.73 7.34 4.75 2.31 2.63 2.71 2.23
Enterprise Value to EBITDA (EV/EBITDA)		 18.72 18.51 22.30 22.29 25.81 66.06 34.68 18.11 22.52 21.15 16.03
Enterprise Value to EBIT (EV/EBIT)		 27.19 26.83 32.78 31.88 36.42 208.56 64.57 30.79 37.07 29.54 20.79
Enterprise Value to NOPAT (EV/NOPAT)		 40.58 40.55 33.71 38.66 44.96 120.94 82.80 41.22 59.75 41.70 29.06
Enterprise Value to Operating Cash Flow (EV/OCF)		 29.04 24.82 27.14 25.86 29.53 53.08 36.66 24.78 24.78 21.59 18.65
Enterprise Value to Free Cash Flow (EV/FCFF)		 97.46 0.00 64.70 43.06 59.26 77.34 69.27 0.00 58.68 44.54 33.76
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.29 1.66 1.58 1.50 1.07 0.80 0.84 0.98 0.79 0.74 0.71
Long-Term Debt to Equity		 1.24 1.53 1.40 1.33 1.06 0.79 0.83 0.89 0.78 0.72 0.56
Financial Leverage		 1.19 1.45 1.59 1.51 1.23 0.74 0.56 0.78 0.84 0.69 0.63
Leverage Ratio		 2.90 3.19 3.36 3.27 3.34 3.13 2.99 3.29 3.36 3.11 2.96
Compound Leverage Factor		 2.24 2.31 2.64 2.62 2.78 0.92 2.09 2.43 2.34 2.49 2.54
Debt to Total Capital		 56.35% 62.38% 61.25% 59.93% 51.68% 44.54% 45.70% 49.56% 44.26% 42.55% 41.43%
Short-Term Debt to Total Capital		 2.01% 4.74% 7.13% 6.63% 0.53% 0.46% 0.74% 4.67% 0.85% 1.28% 8.73%
Long-Term Debt to Total Capital		 54.33% 57.64% 54.12% 53.30% 51.15% 44.07% 44.96% 44.89% 43.41% 41.27% 32.70%
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		 43.65% 37.62% 38.75% 40.07% 48.32% 55.46% 54.30% 50.44% 55.74% 57.45% 58.57%
Debt to EBITDA		 3.56 3.99 3.92 3.41 2.75 6.12 4.13 4.12 3.42 2.75 2.32
Net Debt to EBITDA		 3.52 3.94 3.84 3.36 2.67 3.84 3.04 3.98 3.16 2.43 1.98
Long-Term Debt to EBITDA		 3.43 3.69 3.46 3.03 2.72 6.06 4.06 3.73 3.35 2.67 1.83
Debt to NOPAT		 7.72 8.74 5.93 5.91 4.79 11.21 9.86 9.37 9.06 5.42 4.21
Net Debt to NOPAT		 7.62 8.63 5.81 5.83 4.66 7.03 7.27 9.05 8.39 4.79 3.58
Long-Term Debt to NOPAT		 7.44 8.08 5.24 5.26 4.74 11.09 9.70 8.49 8.89 5.26 3.32
Altman Z-Score		 2.42 2.25 2.81 3.26 3.17 3.21 2.61 1.53 2.10 2.60 2.57
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		 0.50 0.40 0.42 0.40 0.47 1.18 0.87 0.44 0.56 0.64 0.52
Quick Ratio		 0.36 0.29 0.30 0.30 0.37 1.06 0.76 0.32 0.44 0.51 0.45
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 51 -28 104 177 165 144 120 -82 108 164 194
Operating Cash Flow to CapEx		 218.76% 287.74% 296.04% 325.09% 315.33% 287.74% 394.11% 314.07% 282.11% 354.20% 384.08%
Free Cash Flow to Firm to Interest Expense		 1.22 -0.52 2.36 3.73 3.65 3.82 3.11 -2.07 2.10 3.36 4.33
Operating Cash Flow to Interest Expense		 4.10 3.95 5.64 6.20 7.32 5.56 5.88 4.77 4.96 6.92 7.84
Operating Cash Flow Less CapEx to Interest Expense		 2.23 2.57 3.73 4.30 5.00 3.63 4.39 3.25 3.20 4.97 5.80
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.68 0.70 0.72 0.76 0.70 0.43 0.48 0.54 0.63 0.69 0.76
Accounts Receivable Turnover		 16.17 16.14 16.24 15.33 14.73 9.31 9.06 9.44 9.69 9.51 10.16
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		 3.52 3.27 3.15 3.25 3.34 2.40 2.86 3.46 4.20 4.66 5.11
Accounts Payable Turnover		 9.52 9.82 10.15 9.96 9.58 6.70 6.84 7.20 7.70 7.33 7.49
Days Sales Outstanding (DSO)		 22.57 22.61 22.47 23.81 24.78 39.20 40.30 38.67 37.65 38.39 35.92
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)		 38.33 37.18 35.98 36.64 38.09 54.52 53.37 50.66 47.37 49.78 48.75
Cash Conversion Cycle (CCC)		 -15.77 -14.57 -13.51 -12.83 -13.31 -15.31 -13.07 -11.99 -9.72 -11.39 -12.83
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,655 1,814 1,910 1,930 1,982 1,930 1,911 2,106 2,104 2,115 2,146
Invested Capital Turnover		 0.90 0.91 0.94 0.99 1.05 0.77 0.91 1.01 1.15 1.27 1.38
Increase / (Decrease) in Invested Capital		 71 159 96 20 52 -52 -20 195 -1.94 11 31
Enterprise Value (EV)		 4,938 5,293 6,735 7,622 9,755 11,124 8,331 4,669 6,348 7,286 6,542
Market Capitalization		 4,011 4,166 5,574 6,472 8,744 10,477 7,599 3,644 5,457 6,450 5,735
Book Value per Share		 $12.12 $11.56 $12.63 $13.42 $16.69 $21.20 $19.53 $18.71 $20.94 $21.97 $23.68
Tangible Book Value per Share		 ($13.48) ($16.04) ($15.28) ($15.35) ($12.83) ($6.98) ($9.17) ($15.46) ($13.65) ($11.72) ($11.99)
Total Capital		 1,667 1,829 1,933 1,945 2,010 2,315 2,172 2,142 2,175 2,225 2,286
Total Debt		 939 1,141 1,184 1,166 1,039 1,031 992 1,062 963 947 947
Total Long-Term Debt		 906 1,054 1,046 1,037 1,028 1,020 976 962 944 918 748
Net Debt		 928 1,126 1,161 1,150 1,011 647 731 1,025 891 837 807
Capital Expenditures (CapEx)		 78 74 84 91 105 73 58 60 91 95 91
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -131 -161 -154 -176 -272 -280 -327 -375 -406 -365 -403
Debt-free Net Working Capital (DFNWC)		 -119 -146 -130 -161 -244 104 -66 -339 -334 -255 -263
Net Working Capital (NWC)		 -153 -233 -268 -290 -254 93 -82 -439 -353 -283 -462
Net Nonoperating Expense (NNE)		 28 36 43 39 37 65 30 33 32 35 32
Net Nonoperating Obligations (NNO)		 928 1,126 1,161 1,150 1,011 647 731 1,025 891 837 807
Total Depreciation and Amortization (D&A)		 82 89 97 103 110 115 111 106 111 98 93
Debt-free, Cash-free Net Working Capital to Revenue		 -8.96% -10.26% -8.82% -9.27% -13.17% -18.50% -18.62% -18.55% -16.77% -13.60% -13.73%
Debt-free Net Working Capital to Revenue		 -8.16% -9.33% -7.49% -8.46% -11.82% 6.87% -3.75% -16.76% -13.81% -9.49% -8.95%
Net Working Capital to Revenue		 -10.47% -14.85% -15.41% -15.23% -12.34% 6.16% -4.67% -21.71% -14.58% -10.55% -15.76%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.53 $1.59 $2.65 $5.44 $3.10 $0.45 $1.16 $1.38 $1.28 $2.42 $3.39
Adjusted Weighted Average Basic Shares Outstanding		 60.84M 59.23M 58.87M 115.63M 57.84M 59.53M 60.31M 58.34M 57.72M 57.93M 56.95M
Adjusted Diluted Earnings per Share		 $1.50 $1.55 $2.59 $2.66 $3.05 $0.45 $1.15 $1.37 $1.28 $2.40 $3.36
Adjusted Weighted Average Diluted Shares Outstanding		 62.36M 60.59M 60.25M 118.00M 58.95M 60.31M 60.87M 58.49M 57.93M 58.47M 57.42M
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		 59.76M 59.51M 58.57M 57.95M 58.20M 60.78M 59.28M 57.81M 57.96M 57.35M 55.11M
Normalized Net Operating Profit after Tax (NOPAT)		 122 131 200 197 217 37 101 113 106 175 225
Normalized NOPAT Margin		 8.34% 8.31% 11.48% 10.36% 10.52% 2.46% 5.73% 5.61% 4.39% 6.51% 7.67%
Pre Tax Income Margin		 9.61% 9.12% 9.27% 10.07% 10.80% 1.03% 5.15% 5.55% 4.95% 7.37% 9.20%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.38 3.65 4.66 5.03 5.93 1.42 3.34 3.84 3.32 5.06 7.03
NOPAT to Interest Expense		 2.94 2.42 4.54 4.15 4.81 2.44 2.60 2.87 2.06 3.58 5.03
EBIT Less CapEx to Interest Expense		 2.51 2.28 2.76 3.12 3.61 -0.52 1.85 2.32 1.56 3.10 4.99
NOPAT Less CapEx to Interest Expense		 1.06 1.04 2.63 2.24 2.48 0.51 1.11 1.35 0.30 1.63 2.99
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		 136.39% 119.03% 103.33% 80.19% 17.49% 120.99% 303.48% 226.40% 0.00% 60.34% 116.72%

Quarterly Metrics And Ratios for Bright Horizons Family Solutions

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 55,113,645.00 52,606,675.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 55,113,645.00 52,606,675.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.62 0.77
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 16.26% 12.48% 11.08% 11.35% 9.50% 6.88% 9.18% 11.64% 8.83% 7.02% 6.51%
EBITDA Growth		 -17.04% 16.59% 26.96% 19.90% 25.55% 24.53% 15.09% 29.49% -0.43% 4.80% -4.04%
EBIT Growth		 -28.60% 30.32% 51.67% 33.78% 70.78% 55.93% 24.61% 35.18% -5.66% 4.30% -7.25%
NOPAT Growth		 -58.18% 83.98% 68.48% 28.97% 242.48% 76.60% 31.65% 38.48% -23.51% -8.28% -21.04%
Net Income Growth		 -69.38% 109.07% 90.22% 37.33% 427.21% 123.96% 39.82% 43.07% -25.35% -10.36% -25.81%
EPS Growth		 -67.74% 107.14% 91.43% 36.23% 400.00% 127.59% 41.79% 45.74% -24.00% -6.06% -16.84%
Operating Cash Flow Growth		 65.53% 72.78% -2.91% 53.14% 26.77% -25.90% 22.61% -96.73% 22.62% 25.00% -29.16%
Free Cash Flow Firm Growth		 107.77% 86.42% 101.57% -259.11% 106.63% 380.42% 1,304.10% 275.11% -107.89% -7.48% 136.82%
Invested Capital Growth		 -0.09% 2.28% 2.16% 5.69% 0.53% -0.70% 0.95% -0.59% 1.48% -0.67% -2.41%
Revenue Q/Q Growth		 -4.67% 1.15% 7.60% 7.32% -6.25% -1.28% 9.92% 9.74% -8.61% -2.93% 9.40%
EBITDA Q/Q Growth		 -39.79% 20.25% 39.89% 18.38% -36.96% 19.28% 29.28% 33.19% -51.52% 25.54% 18.38%
EBIT Q/Q Growth		 -57.74% 41.42% 72.92% 29.45% -46.05% 29.12% 38.19% 40.43% -62.35% 42.76% 22.89%
NOPAT Q/Q Growth		 -77.21% 131.71% 83.52% 33.06% -39.47% 19.48% 36.81% 39.96% -66.57% 43.27% 17.78%
Net Income Q/Q Growth		 -86.18% 207.55% 130.58% 40.16% -46.96% 30.65% 43.96% 43.41% -72.32% 56.89% 19.14%
EPS Q/Q Growth		 -85.51% 190.00% 131.03% 40.30% -46.81% 32.00% 43.94% 44.21% -72.26% 63.16% 27.42%
Operating Cash Flow Q/Q Growth		 599.02% 22.20% -5.89% -108.17% 1,449.99% -28.57% 55.72% -113.10% 941.39% -27.18% -11.74%
Free Cash Flow Firm Q/Q Growth		 181.83% -265.12% 113.97% -2,001.97% 147.08% 124.09% -30.03% 137.20% -102.12% 2,728.63% 79.10%
Invested Capital Q/Q Growth		 -0.78% 0.99% -1.24% 6.79% -5.62% -0.25% 0.41% 5.16% -3.65% -2.37% -1.35%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 18.83% 21.70% 24.24% 25.24% 20.85% 23.40% 24.95% 27.04% 19.33% 22.95% 24.25%
EBITDA Margin		 9.13% 10.85% 14.11% 15.56% 10.46% 12.64% 14.87% 18.05% 9.57% 12.38% 13.40%
Operating Margin		 4.59% 6.41% 10.31% 12.43% 7.15% 9.36% 11.76% 15.05% 6.20% 9.12% 10.24%
EBIT Margin		 4.59% 6.41% 10.31% 12.43% 7.15% 9.36% 11.76% 15.05% 6.20% 9.12% 10.24%
Profit (Net Income) Margin		 0.90% 2.73% 5.85% 7.64% 4.32% 5.72% 7.49% 9.78% 2.96% 4.79% 5.22%
Tax Burden Percent		 39.49% 64.71% 68.67% 70.59% 79.20% 73.28% 72.55% 72.31% 64.22% 64.44% 61.76%
Interest Burden Percent		 49.53% 65.74% 82.60% 87.01% 76.25% 83.38% 87.73% 89.89% 74.41% 81.49% 82.43%
Effective Tax Rate		 60.51% 35.29% 31.33% 29.41% 20.80% 26.72% 27.45% 27.69% 35.79% 35.56% 38.24%
Return on Invested Capital (ROIC)		 2.08% 4.91% 8.71% 10.57% 7.21% 8.84% 11.29% 14.00% 5.48% 8.33% 9.15%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.49% 3.97% 7.75% 9.66% 6.16% 7.94% 10.30% 12.93% 4.57% 7.44% 8.21%
Return on Net Nonoperating Assets (RNNOA)		 1.25% 3.18% 5.47% 6.77% 4.28% 5.22% 5.89% 7.51% 2.87% 5.23% 6.46%
Return on Equity (ROE)		 3.33% 8.09% 14.18% 17.34% 11.49% 14.06% 17.18% 21.51% 8.35% 13.56% 15.62%
Cash Return on Invested Capital (CROIC)		 5.14% 3.31% 4.44% 1.39% 7.76% 9.87% 8.96% 11.03% 9.10% 11.22% 12.41%
Operating Return on Assets (OROA)		 2.88% 4.20% 6.87% 8.47% 4.96% 6.71% 8.46% 11.09% 4.70% 7.14% 8.05%
Return on Assets (ROA)		 0.56% 1.79% 3.90% 5.20% 3.00% 4.10% 5.39% 7.21% 2.25% 3.75% 4.10%
Return on Common Equity (ROCE)		 3.33% 8.09% 14.18% 17.34% 11.49% 14.06% 17.18% 21.51% 8.35% 13.56% 15.62%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 6.76% 7.92% 8.33% 0.00% 12.18% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 11 26 47 63 38 46 62 87 29 42 49
NOPAT Margin		 1.81% 4.15% 7.08% 8.78% 5.67% 6.86% 8.53% 10.88% 3.98% 5.88% 6.33%
Net Nonoperating Expense Percent (NNEP)		 0.59% 0.95% 0.96% 0.91% 1.05% 0.90% 1.00% 1.08% 0.91% 0.89% 0.94%
Return On Investment Capital (ROIC_SIMPLE)		 0.51% - - - 1.72% 2.05% 2.72% 3.73% 1.28% 1.88% 2.21%
Cost of Revenue to Revenue		 81.17% 78.30% 75.76% 74.76% 79.15% 76.60% 75.05% 72.96% 80.67% 77.05% 75.75%
SG&A Expenses to Revenue		 12.86% 14.06% 13.06% 12.45% 13.37% 13.80% 12.96% 11.80% 12.94% 13.67% 13.86%
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		 14.24% 15.29% 13.93% 12.81% 13.69% 14.04% 13.19% 11.98% 13.13% 13.84% 14.01%
Earnings before Interest and Taxes (EBIT)		 28 40 69 89 48 62 86 121 45 65 80
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 56 68 95 112 71 84 109 145 70 88 104
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.50 5.34 4.98 5.81 5.05 5.50 5.06 4.33 4.28 3.95 3.95
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)		 2.26 2.64 2.50 3.10 2.40 2.67 2.54 2.15 1.95 1.52 1.23
Price to Earnings (P/E)		 73.52 79.00 62.80 69.76 46.01 45.19 40.01 30.80 29.69 23.93 21.30
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		 1.36% 1.27% 1.59% 1.43% 2.17% 2.21% 2.50% 3.25% 3.37% 4.18% 4.69%
Enterprise Value to Invested Capital (EV/IC)		 3.02 3.51 3.43 4.01 3.45 3.83 3.68 3.13 3.05 2.61 2.35
Enterprise Value to Revenue (EV/Rev)		 2.63 3.00 2.82 3.42 2.71 2.96 2.79 2.43 2.23 1.84 1.60
Enterprise Value to EBITDA (EV/EBITDA)		 22.52 25.59 23.11 27.18 21.15 22.35 20.77 17.08 16.03 13.29 11.90
Enterprise Value to EBIT (EV/EBIT)		 37.07 41.32 35.28 39.60 29.54 30.01 27.26 21.98 20.79 17.26 15.60
Enterprise Value to NOPAT (EV/NOPAT)		 59.75 63.73 52.72 59.47 41.70 41.60 37.30 29.90 29.06 24.71 23.28
Enterprise Value to Operating Cash Flow (EV/OCF)		 24.78 24.45 23.85 28.77 21.59 26.26 23.47 21.56 18.65 14.71 14.57
Enterprise Value to Free Cash Flow (EV/FCFF)		 58.68 107.20 78.11 295.45 44.54 38.62 41.25 28.30 33.76 23.22 18.69
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.79 0.78 0.74 0.68 0.74 0.68 0.64 0.64 0.71 0.95 1.36
Long-Term Debt to Equity		 0.78 0.76 0.73 0.66 0.72 0.66 0.57 0.52 0.56 0.78 1.14
Financial Leverage		 0.84 0.80 0.71 0.70 0.69 0.66 0.57 0.58 0.63 0.70 0.79
Leverage Ratio		 3.36 3.26 3.15 3.01 3.11 2.98 2.89 2.76 2.96 3.08 3.29
Compound Leverage Factor		 1.66 2.14 2.60 2.62 2.37 2.49 2.54 2.48 2.20 2.51 2.71
Debt to Total Capital		 44.26% 43.83% 42.68% 40.48% 42.55% 40.41% 39.10% 39.11% 41.43% 48.60% 57.71%
Short-Term Debt to Total Capital		 0.85% 0.96% 1.05% 1.11% 1.28% 1.13% 4.42% 7.22% 8.73% 8.33% 9.65%
Long-Term Debt to Total Capital		 43.41% 42.87% 41.63% 39.38% 41.27% 39.28% 34.69% 31.89% 32.70% 40.28% 48.05%
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% 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		 55.74% 56.17% 57.32% 59.52% 57.45% 59.59% 60.90% 60.89% 58.57% 51.40% 42.29%
Debt to EBITDA		 3.42 3.29 3.07 2.88 2.75 2.49 2.39 2.25 2.32 2.63 3.16
Net Debt to EBITDA		 3.16 3.07 2.62 2.55 2.43 2.18 1.92 1.96 1.98 2.30 2.76
Long-Term Debt to EBITDA		 3.35 3.22 2.99 2.80 2.67 2.42 2.12 1.83 1.83 2.18 2.63
Debt to NOPAT		 9.06 8.19 6.99 6.31 5.42 4.63 4.30 3.93 4.21 4.89 6.18
Net Debt to NOPAT		 8.39 7.65 5.97 5.58 4.79 4.05 3.44 3.43 3.58 4.29 5.39
Long-Term Debt to NOPAT		 8.89 8.01 6.82 6.13 5.26 4.50 3.81 3.20 3.32 4.05 5.14
Altman Z-Score		 1.98 2.36 2.37 2.87 2.43 2.72 2.66 2.57 2.34 2.08 1.86
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		 0.56 0.51 0.56 0.61 0.64 0.60 0.56 0.54 0.52 0.46 0.48
Quick Ratio		 0.44 0.41 0.46 0.51 0.51 0.47 0.45 0.43 0.45 0.38 0.38
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 13 -22 3.02 -57 27 61 42 101 -2.13 56 100
Operating Cash Flow to CapEx		 309.04% 600.39% 483.33% -38.46% 376.36% 565.81% 713.35% -70.71% 444.65% 535.37% 501.43%
Free Cash Flow to Firm to Interest Expense		 0.92 -1.58 0.25 -4.95 2.36 5.86 4.02 8.24 -0.18 4.66 7.16
Operating Cash Flow to Interest Expense		 6.68 8.50 9.11 -0.77 10.53 8.33 12.71 -1.44 12.71 8.96 6.78
Operating Cash Flow Less CapEx to Interest Expense		 4.52 7.09 7.23 -2.77 7.73 6.85 10.93 -3.48 9.85 7.29 5.43
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.63 0.65 0.67 0.68 0.69 0.72 0.72 0.74 0.76 0.78 0.79
Accounts Receivable Turnover		 9.69 11.04 13.95 11.55 9.51 11.89 14.58 12.02 10.16 13.10 14.89
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		 4.20 4.33 4.40 4.49 4.66 4.75 4.77 4.86 5.11 5.22 5.26
Accounts Payable Turnover		 7.70 8.66 7.60 7.81 7.33 8.17 7.21 7.79 7.49 8.42 7.49
Days Sales Outstanding (DSO)		 37.65 33.06 26.17 31.59 38.39 30.69 25.04 30.36 35.92 27.86 24.51
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)		 47.37 42.14 48.00 46.71 49.78 44.68 50.62 46.88 48.75 43.33 48.72
Cash Conversion Cycle (CCC)		 -9.72 -9.09 -21.83 -15.12 -11.39 -13.99 -25.58 -16.52 -12.83 -15.47 -24.20
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,104 2,125 2,098 2,241 2,115 2,110 2,118 2,228 2,146 2,095 2,067
Invested Capital Turnover		 1.15 1.18 1.23 1.20 1.27 1.29 1.32 1.29 1.38 1.42 1.45
Increase / (Decrease) in Invested Capital		 -1.94 47 44 121 11 -15 20 -13 31 -14 -51
Enterprise Value (EV)		 6,348 7,459 7,200 8,975 7,286 8,072 7,795 6,975 6,542 5,476 4,852
Market Capitalization		 5,457 6,564 6,385 8,134 6,450 7,286 7,076 6,175 5,735 4,526 3,729
Book Value per Share		 $20.94 $21.24 $22.12 $24.11 $21.97 $23.08 $24.44 $25.10 $23.68 $20.79 $17.94
Tangible Book Value per Share		 ($13.65) ($12.97) ($12.22) ($10.88) ($11.72) ($11.36) ($10.86) ($10.31) ($11.99) ($15.81) ($20.28)
Total Capital		 2,175 2,188 2,239 2,351 2,225 2,222 2,298 2,344 2,286 2,229 2,231
Total Debt		 963 959 955 952 947 898 898 917 947 1,083 1,287
Total Long-Term Debt		 944 938 932 926 918 873 797 748 748 898 1,072
Net Debt		 891 895 815 842 837 786 719 800 807 950 1,124
Capital Expenditures (CapEx)		 31 19 23 23 32 15 19 25 33 20 19
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -406 -381 -433 -347 -365 -383 -444 -334 -403 -446 -455
Debt-free Net Working Capital (DFNWC)		 -334 -317 -293 -237 -255 -271 -265 -217 -263 -312 -291
Net Working Capital (NWC)		 -353 -338 -316 -263 -283 -296 -366 -386 -462 -498 -507
Net Nonoperating Expense (NNE)		 5.63 8.85 8.25 8.20 9.07 7.59 7.66 8.83 7.47 7.75 8.66
Net Nonoperating Obligations (NNO)		 891 895 815 842 837 786 719 800 807 950 1,124
Total Depreciation and Amortization (D&A)		 28 28 25 23 22 22 23 24 25 23 25
Debt-free, Cash-free Net Working Capital to Revenue		 -16.77% -15.31% -16.96% -13.20% -13.60% -14.03% -15.91% -11.61% -13.73% -14.96% -15.03%
Debt-free Net Working Capital to Revenue		 -13.81% -12.75% -11.47% -9.02% -9.49% -9.92% -9.49% -7.55% -8.95% -10.48% -9.62%
Net Working Capital to Revenue		 -14.58% -13.60% -12.39% -10.00% -10.55% -10.84% -13.13% -13.45% -15.76% -16.71% -16.73%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.09 $0.29 $0.68 $0.95 $0.50 $0.66 $0.96 $1.38 $0.39 $0.63 $0.79
Adjusted Weighted Average Basic Shares Outstanding		 57.72M 57.88M 57.97M 58.06M 57.93M 57.38M 57.26M 56.93M 56.95M 54.34M 51.54M
Adjusted Diluted Earnings per Share		 $0.10 $0.29 $0.67 $0.94 $0.50 $0.66 $0.95 $1.37 $0.38 $0.62 $0.79
Adjusted Weighted Average Diluted Shares Outstanding		 57.93M 58.31M 58.44M 58.70M 58.47M 57.95M 57.71M 57.38M 57.42M 54.70M 51.76M
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		 57.96M 58.00M 58.04M 58.18M 57.35M 57.25M 56.87M 56.55M 55.11M 52.61M 48.64M
Normalized Net Operating Profit after Tax (NOPAT)		 20 26 47 63 38 46 62 87 29 42 49
Normalized NOPAT Margin		 3.21% 4.15% 7.08% 8.78% 5.67% 6.86% 8.53% 10.88% 3.98% 5.88% 6.33%
Pre Tax Income Margin		 2.27% 4.22% 8.51% 10.82% 5.45% 7.80% 10.32% 13.53% 4.61% 7.43% 8.44%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.98 2.92 5.75 7.70 4.21 6.02 8.15 9.90 3.91 5.40 5.69
NOPAT to Interest Expense		 0.78 1.89 3.95 5.43 3.33 4.41 5.92 7.16 2.51 3.48 3.52
EBIT Less CapEx to Interest Expense		 -0.18 1.50 3.86 5.70 1.41 4.54 6.37 7.86 1.05 3.73 4.34
NOPAT Less CapEx to Interest Expense		 -1.38 0.47 2.06 3.43 0.54 2.94 4.13 5.12 -0.35 1.81 2.16
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		 0.00% 0.00% 0.00% 0.00% 60.34% 64.60% 81.95% 94.40% 116.72% 227.64% 363.71%

Financials Breakdown Chart

Key Financial Trends

Bright Horizons Family Solutions (NYSE:BFAM) shows strong long-term revenue growth, but recent profitability and leverage trends warrant attention. Q2 2026 revenue increased to $779.2 million, up 6.5% from $731.6 million in Q2 2025 and 9.4% from Q1 2026. Comparing the same quarter across the available periods, revenue rose from $603.2 million in Q2 2023 to $670.1 million in Q2 2024, $731.6 million in Q2 2025 and $779.2 million in Q2 2026.

Profitability improved sequentially but weakened year over year. Q2 2026 gross profit was $189.0 million, producing a 24.2% gross margin versus 23.0% in Q1 2026 but below 25.0% in Q2 2025. Operating income increased to $79.8 million from $64.9 million in Q1, although the operating margin of 10.2% remained below the prior-year 11.8%. Net income rose 19.1% sequentially to $40.6 million, but declined 25.8% from $54.8 million in Q2 2025. Diluted EPS was $0.79, compared with $0.62 in Q1 2026 and $0.95 in Q2 2025.

Cash generation remains positive, although it has moderated from the prior year. Operating cash flow was $95.1 million in Q2 2026, down from $134.2 million in Q2 2025 and $107.7 million in Q1 2026. After $19.0 million of capital expenditures, estimated free cash flow was approximately $76.1 million. The company ended the quarter with $163.7 million of cash, up from $133.4 million at the end of Q1 but below $179.2 million a year earlier.

  • Revenue growth remains consistent: Q2 revenue has increased each year from 2023 through 2026, indicating continued expansion in the company’s core services.
  • Sequential operating improvement: Q2 2026 operating income increased 22.9% from Q1, while the operating margin improved from 9.1% to 10.2%.
  • EPS benefited from share repurchases: Weighted-average basic shares declined to 51.5 million in Q2 2026 from 57.3 million in Q2 2025, helping support per-share results despite lower net income.
  • Operating cash flow remains substantial: BFAM generated $95.1 million of operating cash flow and approximately $76.1 million after capital expenditures during the latest quarter.
  • Cash balance improved sequentially: Cash and equivalents increased by $30.2 million from Q1 2026 to Q2 2026, despite capital spending, share repurchases and debt-related activity.
  • Debt refinancing appears significant: BFAM issued $1.36 billion of debt and repaid $1.16 billion in Q2 2026. This may reflect refinancing or maturity management, but the available data does not show the new debt’s terms or maturity profile.
  • Working-capital movements are volatile: Changes in operating assets and liabilities contributed $2.3 million to operating cash flow in Q2 2026, compared with $40.6 million in Q1 and $48.9 million in Q2 2025.
  • Year-over-year earnings declined: Net income fell from $54.8 million to $40.6 million, while diluted EPS dropped from $0.95 to $0.79 compared with Q2 2025.
  • Interest costs are rising: Quarterly interest expense increased to $14.0 million from $10.6 million a year earlier, reducing the benefit of operating growth.
  • Leverage has increased: Short- and long-term debt totaled approximately $1.29 billion at June 30, 2026, versus roughly $898.5 million a year earlier. Current liabilities of $971.7 million also exceeded current assets of $465.1 million, highlighting refinancing and liquidity risks.

Over the available multi-year period, BFAM’s revenue trajectory is favorable and its earnings are well above the weak levels reported in early 2023. However, the latest results suggest that higher interest expense, lower cash conversion and increased debt are limiting the translation of revenue growth into net income. Investors should monitor whether future quarters restore operating margins and free cash flow while reducing leverage. Some historical figures in the supplied data were restated, so year-over-year comparisons should be interpreted using the latest reported or restated figures where available.

09/04/26 02:01 AM ETAI Generated. May Contain Errors.

Bright Horizons Family Solutions Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Bright Horizons Family Solutions' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Over the last 10 years, Bright Horizons Family Solutions' net income changed from $93.93 million in 2015 to $193.12 million in 2025, a change of 105.6%. See where experts think Bright Horizons Family Solutions is headed by visiting Bright Horizons Family Solutions' forecast page.

Bright Horizons Family Solutions' total operating income in 2025 was $314.67 million, based on the following breakdown:
  • Total Gross Profit: $697.19 million
  • Total Operating Expenses: $382.52 million

Over the last 10 years, Bright Horizons Family Solutions' total revenue changed from $1.46 billion in 2015 to $2.93 billion in 2025, a change of 101.1%.

Bright Horizons Family Solutions' total liabilities were at $2.55 billion at the end of 2025, a 0.8% decrease from 2024, and a 79.2% increase since 2015.

In the past 10 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 $140.09 million as of their latest financial filing in 2025.

Over the last 10 years, Bright Horizons Family Solutions' book value per share changed from 12.12 in 2015 to 23.68 in 2025, a change of 95.4%.


Related Companies

Financial statements for NYSE:BFAM last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
The 2026 beginners Guide to Gold IRAs
Gold trades near record highs while silver just topped $81 an ounce for the first time ever. Thousands of A...
Goldco Direct, LLC | Sponsoredtc pixel
A Simple Guide to Options Trading While It's Still Free
A free copy of Options Trading Made Simple is available now but wont stay that way for long. Chris Rowe cal...
True Market Insiders | Sponsoredtc pixel
Before Anthropic becomes impossible to ignore...
Riot Platforms just struck a 20-year, 191-megawatt data-center agreement tied to Anthropic, reportedly worth 9...
The Oxford Club | Sponsoredtc pixel
Are you leaving Social Security money on the table?
Most retirement plans still have gaps in them... The quiet ones that don't show up until it's too late to fix....
Money Pickle | Sponsoredtc pixel
How Long Does $2.5M Last in Retirement?
Having $2.5 million saved puts you ahead of most Americans, but how long it lasts depends on the decisions you...
SmartAsset | Sponsoredtc pixel
Here’s the stock symbol I’ve promised
Whitney Tilson of Stansberry Research has long recommended Berkshire Hathaway as a core retirement holding - b...
Stansberry Research | Sponsoredtc pixel
Rickards Predicts: Trump to buy tiny $2 stock?
Jim Rickards believes the Trump administration is about to take a direct stake in a $2 stock sitting on the la...
Paradigm Press | Sponsoredtc pixel
The cat is out the bag
Almost 80,000 tech jobs vanished in the first three months of 2026. Meta cut 14,000 roles, Microsoft offered s...
Porter & Company | Sponsoredtc pixel