Annual Income Statements for Brown & Brown
This table shows Brown & Brown's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Brown & Brown
This table shows Brown & Brown's 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 |
Net Income / (Loss) Attributable to Common Shareholders |
|
331 |
209 |
234 |
257 |
293 |
269 |
176 |
190 |
236 |
145 |
161 |
Consolidated Net Income / (Loss) |
|
334 |
211 |
239 |
259 |
293 |
269 |
176 |
190 |
236 |
145 |
161 |
Net Income / (Loss) Continuing Operations |
|
334 |
211 |
239 |
259 |
293 |
269 |
176 |
190 |
236 |
145 |
161 |
Total Pre-Tax Income |
|
427 |
276 |
317 |
346 |
364 |
356 |
242 |
254 |
294 |
194 |
218 |
Total Revenue |
|
1,402 |
1,311 |
1,186 |
1,129 |
1,210 |
1,264 |
1,068 |
999 |
1,069 |
1,002 |
886 |
Net Interest Income / (Expense) |
|
0.00 |
97 |
0.00 |
-49 |
-48 |
95 |
0.00 |
-48 |
-47 |
96 |
-42 |
Total Interest Income |
|
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
Total Interest Expense |
|
0.00 |
-97 |
0.00 |
49 |
48 |
-95 |
0.00 |
48 |
47 |
-96 |
42 |
Total Non-Interest Income |
|
1,402 |
1,214 |
1,186 |
1,178 |
1,258 |
1,169 |
1,068 |
1,047 |
1,116 |
906 |
928 |
Other Service Charges |
|
1,404 |
1,161 |
1,155 |
1,156 |
1,240 |
1,008 |
1,051 |
1,037 |
1,109 |
896 |
926 |
Net Realized & Unrealized Capital Gains on Investments |
|
-2.00 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Total Non-Interest Expense |
|
975 |
1,035 |
869 |
783 |
846 |
908 |
826 |
745 |
775 |
808 |
668 |
Salaries and Employee Benefits |
|
683 |
583 |
607 |
585 |
631 |
554 |
532 |
530 |
571 |
476 |
470 |
Other Operating Expenses |
|
232 |
384 |
214 |
142 |
163 |
310 |
213 |
162 |
155 |
289 |
170 |
Depreciation Expense |
|
11 |
11 |
11 |
11 |
11 |
10 |
10 |
10 |
10 |
11 |
11 |
Amortization Expense |
|
53 |
46 |
45 |
44 |
43 |
43 |
41 |
41 |
41 |
39 |
44 |
Restructuring Charge |
|
-4.00 |
11 |
-8.00 |
1.00 |
-2.00 |
-9.00 |
30 |
2.00 |
-2.00 |
-6.00 |
-27 |
Income Tax Expense |
|
93 |
65 |
78 |
87 |
71 |
87 |
66 |
64 |
58 |
49 |
57 |
Net Income / (Loss) Attributable to Noncontrolling Interest |
|
3.00 |
2.00 |
5.00 |
2.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
- |
Basic Earnings per Share |
|
$1.16 |
$0.73 |
$0.82 |
$0.90 |
$1.03 |
$0.95 |
$0.62 |
$0.67 |
$0.83 |
$0.52 |
$0.57 |
Weighted Average Basic Shares Outstanding |
|
286.61M |
285.93M |
285.96M |
285.26M |
285.25M |
285.80M |
284.60M |
283.61M |
283.64M |
284.29M |
283.22M |
Diluted Earnings per Share |
|
$1.15 |
$0.73 |
$0.81 |
$0.90 |
$1.02 |
$0.93 |
$0.62 |
$0.67 |
$0.83 |
$0.52 |
$0.57 |
Weighted Average Diluted Shares Outstanding |
|
286.61M |
285.93M |
285.96M |
285.26M |
285.25M |
285.80M |
284.60M |
283.61M |
283.64M |
284.29M |
283.22M |
Weighted Average Basic & Diluted Shares Outstanding |
|
286.61M |
285.93M |
285.96M |
285.26M |
285.25M |
285.80M |
284.60M |
283.61M |
283.64M |
284.29M |
283.22M |
Cash Dividends to Common per Share |
|
$0.00 |
- |
$0.00 |
$0.00 |
$0.00 |
- |
$0.00 |
$0.00 |
$0.00 |
($0.31) |
$0.10 |
Annual Cash Flow Statements for Brown & Brown
This table details how cash moves in and out of Brown & Brown's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2024 |
2023 |
2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
Net Change in Cash & Equivalents |
|
199 |
270 |
563 |
198 |
309 |
185 |
-46 |
43 |
108 |
-57 |
Net Cash From Operating Activities |
|
1,174 |
1,010 |
881 |
809 |
713 |
678 |
568 |
442 |
411 |
382 |
Net Cash From Continuing Operating Activities |
|
1,174 |
1,005 |
881 |
809 |
713 |
678 |
568 |
442 |
411 |
382 |
Net Income / (Loss) Continuing Operations |
|
1,002 |
871 |
672 |
587 |
481 |
399 |
344 |
400 |
257 |
243 |
Consolidated Net Income / (Loss) |
|
1,002 |
871 |
672 |
587 |
481 |
399 |
344 |
400 |
257 |
243 |
Depreciation Expense |
|
44 |
40 |
39 |
33 |
26 |
23 |
23 |
23 |
21 |
21 |
Amortization Expense |
|
178 |
0.00 |
0.00 |
2.90 |
2.30 |
107 |
1.62 |
1.86 |
88 |
88 |
Non-Cash Adjustments to Reconcile Net Income |
|
121 |
288 |
220 |
255 |
180 |
58 |
123 |
23 |
27 |
35 |
Changes in Operating Assets and Liabilities, net |
|
-171 |
-194 |
-50 |
-70 |
24 |
91 |
76 |
-5.31 |
17 |
-4.89 |
Net Cash From Investing Activities |
|
-898 |
-587 |
-1,913 |
-397 |
-759 |
-414 |
-952 |
-63 |
-142 |
-145 |
Net Cash From Continuing Investing Activities |
|
-898 |
-587 |
-1,913 |
-397 |
-759 |
-414 |
-952 |
-63 |
-142 |
-145 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-82 |
-69 |
-52 |
-45 |
-71 |
-73 |
-42 |
-24 |
-18 |
-18 |
Purchase of Investment Securities |
|
-897 |
-638 |
-1,928 |
-379 |
-709 |
-371 |
-9.28 |
-52 |
-148 |
-159 |
Sale and/or Maturity of Investments |
|
11 |
13 |
7.00 |
11 |
21 |
30 |
23 |
14 |
24 |
33 |
Other Investing Activities, net |
|
70 |
107 |
60 |
17 |
- |
- |
- |
- |
- |
- |
Net Cash From Financing Activities |
|
-64 |
-187 |
1,726 |
-210 |
355 |
-79 |
338 |
-337 |
-183 |
-271 |
Net Cash From Continuing Financing Activities |
|
-64 |
-187 |
1,726 |
-210 |
355 |
-79 |
338 |
-337 |
-161 |
-294 |
Issuance of Debt |
|
1,099 |
420 |
2,350 |
0.00 |
950 |
450 |
900 |
- |
0.00 |
- |
Repayment of Debt |
|
-1,074 |
-571 |
-434 |
-76 |
-412 |
-404 |
-371 |
-100 |
-73 |
-46 |
Repurchase of Common Equity |
|
-55 |
-40 |
-123 |
-132 |
-96 |
-70 |
-103 |
-136 |
-27 |
-178 |
Payment of Dividends |
|
-154 |
-135 |
-120 |
-107 |
-101 |
-91 |
-85 |
-78 |
-70 |
-64 |
Other Financing Activities, Net |
|
120 |
139 |
53 |
105 |
14 |
35 |
-3.38 |
-23 |
-0.98 |
-6.25 |
Effect of Exchange Rate Changes |
|
-13 |
34 |
-131 |
-3.60 |
0.00 |
0.00 |
- |
- |
- |
- |
Quarterly Cash Flow Statements for Brown & Brown
This table details how cash moves in and out of Brown & Brown's 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 |
Net Change in Cash & Equivalents |
|
-62 |
-199 |
-273 |
824 |
-153 |
32 |
8.00 |
320 |
-90 |
182 |
-1,437 |
Net Cash From Operating Activities |
|
213 |
361 |
440 |
360 |
13 |
306 |
316 |
328 |
60 |
281 |
254 |
Net Cash From Continuing Operating Activities |
|
213 |
361 |
440 |
360 |
13 |
301 |
316 |
328 |
60 |
281 |
254 |
Net Income / (Loss) Continuing Operations |
|
334 |
211 |
238 |
260 |
293 |
269 |
176 |
190 |
236 |
145 |
161 |
Consolidated Net Income / (Loss) |
|
334 |
211 |
238 |
260 |
293 |
269 |
176 |
190 |
236 |
145 |
161 |
Depreciation Expense |
|
11 |
11 |
12 |
10 |
11 |
10 |
10 |
10 |
10 |
11 |
11 |
Amortization Expense |
|
53 |
44 |
46 |
45 |
43 |
-126 |
41 |
44 |
41 |
-111 |
109 |
Non-Cash Adjustments to Reconcile Net Income |
|
17 |
64 |
10 |
21 |
26 |
192 |
49 |
24 |
23 |
163 |
-62 |
Changes in Operating Assets and Liabilities, net |
|
-202 |
31 |
134 |
24 |
-360 |
-44 |
40 |
60 |
-250 |
73 |
34 |
Net Cash From Investing Activities |
|
-79 |
-779 |
-42 |
11 |
-88 |
-394 |
-59 |
-91 |
-43 |
-0.40 |
-1,445 |
Net Cash From Continuing Investing Activities |
|
-79 |
-779 |
-42 |
11 |
-88 |
-394 |
-59 |
-91 |
-43 |
-0.40 |
-1,445 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-17 |
-20 |
-23 |
-26 |
-13 |
-31 |
-13 |
-13 |
-12 |
-20 |
-14 |
Purchase of Investment Securities |
|
-71 |
-774 |
-23 |
-24 |
-76 |
-469 |
-48 |
-80 |
-41 |
-38 |
-1,433 |
Other Investing Activities, net |
|
9.00 |
- |
- |
- |
- |
99 |
- |
- |
- |
- |
- |
Net Cash From Financing Activities |
|
-218 |
277 |
-716 |
442 |
-67 |
88 |
-221 |
67 |
-121 |
-151 |
-189 |
Net Cash From Continuing Financing Activities |
|
-218 |
277 |
-716 |
442 |
-67 |
88 |
-221 |
67 |
-121 |
-151 |
-189 |
Issuance of Debt |
|
150 |
350 |
- |
599 |
150 |
250 |
- |
170 |
0.00 |
- |
- |
Repayment of Debt |
|
-169 |
-119 |
-530 |
-362 |
-63 |
-163 |
-109 |
-282 |
-17 |
-166 |
-117 |
Repurchase of Common Equity |
|
-40 |
-1.00 |
- |
- |
-54 |
- |
-1.00 |
-3.00 |
-36 |
-0.20 |
-0.30 |
Payment of Dividends |
|
-43 |
-43 |
-36 |
-37 |
-38 |
-37 |
-33 |
-32 |
-33 |
-33 |
-29 |
Other Financing Activities, Net |
|
-116 |
90 |
-150 |
242 |
-62 |
38 |
-78 |
214 |
-35 |
49 |
-43 |
Effect of Exchange Rate Changes |
|
22 |
-58 |
45 |
11 |
-11 |
32 |
-28 |
16 |
14 |
52 |
-56 |
Annual Balance Sheets for Brown & Brown
This table presents Brown & Brown's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2024 |
2023 |
2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
Total Assets |
|
17,612 |
14,883 |
13,974 |
9,795 |
8,966 |
7,623 |
6,689 |
5,748 |
5,263 |
5,004 |
Cash and Due from Banks |
|
2,502 |
700 |
650 |
1,470 |
817 |
542 |
439 |
573 |
516 |
443 |
Trading Account Securities |
|
19 |
21 |
22 |
31 |
25 |
27 |
17 |
- |
23 |
18 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
319 |
270 |
240 |
212 |
201 |
149 |
100 |
- |
76 |
82 |
Unearned Premiums Asset |
|
520 |
462 |
393 |
392 |
1,477 |
1,309 |
1,183 |
546 |
811 |
744 |
Goodwill |
|
7,970 |
7,341 |
6,674 |
4,737 |
4,396 |
3,746 |
3,433 |
2,716 |
2,675 |
2,587 |
Intangible Assets |
|
1,814 |
1,621 |
1,595 |
1,082 |
1,050 |
917 |
899 |
- |
707 |
745 |
Other Assets |
|
4,468 |
4,468 |
4,399 |
1,872 |
546 |
512 |
279 |
48 |
189 |
157 |
Total Liabilities & Shareholders' Equity |
|
17,612 |
14,883 |
13,974 |
9,795 |
8,966 |
7,623 |
6,689 |
3,691 |
5,263 |
5,004 |
Total Liabilities |
|
11,175 |
9,304 |
9,367 |
5,599 |
5,212 |
4,273 |
3,688 |
1,234 |
2,903 |
2,855 |
Short-Term Debt |
|
598 |
1,028 |
537 |
285 |
1,459 |
1,169 |
995 |
749 |
773 |
712 |
Accrued Interest Payable |
|
653 |
608 |
542 |
456 |
372 |
338 |
279 |
229 |
202 |
192 |
Other Short-Term Payables |
|
2,943 |
2,727 |
2,265 |
1,471 |
- |
- |
- |
- |
- |
- |
Long-Term Debt |
|
3,599 |
3,227 |
3,692 |
1,980 |
2,026 |
1,500 |
1,457 |
- |
1,018 |
1,072 |
Claims and Claim Expense |
|
1,543 |
131 |
841 |
63 |
43 |
59 |
65 |
- |
78 |
32 |
Unearned Premiums Liability |
|
577 |
462 |
412 |
392 |
378 |
366 |
338 |
- |
309 |
310 |
Other Long-Term Liabilities |
|
1,262 |
1,121 |
1,079 |
951 |
832 |
727 |
448 |
256 |
439 |
455 |
Total Equity & Noncontrolling Interests |
|
6,437 |
5,579 |
4,607 |
4,197 |
3,754 |
3,350 |
3,001 |
2,457 |
2,360 |
2,150 |
Total Preferred & Common Equity |
|
6,420 |
5,579 |
4,607 |
4,197 |
3,754 |
3,350 |
3,001 |
2,583 |
2,360 |
2,150 |
Total Common Equity |
|
6,420 |
5,579 |
4,607 |
4,197 |
3,754 |
3,350 |
3,001 |
2,457 |
2,360 |
2,150 |
Common Stock |
|
1,149 |
1,057 |
950 |
880 |
825 |
746 |
645 |
- |
483 |
441 |
Retained Earnings |
|
6,128 |
5,289 |
4,553 |
4,001 |
3,521 |
3,141 |
2,834 |
2,457 |
2,135 |
1,947 |
Treasury Stock |
|
-748 |
-748 |
-748 |
-674 |
-591 |
-536 |
-478 |
- |
-258 |
-239 |
Accumulated Other Comprehensive Income / (Loss) |
|
-109 |
-19 |
-148 |
-9.40 |
0.00 |
- |
- |
- |
- |
- |
Noncontrolling Interest |
|
17 |
0.00 |
- |
- |
- |
- |
- |
- |
- |
- |
Quarterly Balance Sheets for Brown & Brown
This table presents Brown & Brown's 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 |
Q4 2024 |
Q3 2024 |
Q2 2024 |
Q1 2024 |
Q4 2023 |
Q3 2023 |
Q2 2023 |
Q1 2023 |
Q4 2022 |
Q3 2022 |
Total Assets |
|
16,760 |
17,612 |
17,525 |
15,944 |
14,806 |
14,883 |
13,983 |
14,072 |
13,400 |
13,974 |
13,658 |
Cash and Due from Banks |
|
2,440 |
2,502 |
2,701 |
2,974 |
2,150 |
700 |
2,271 |
2,263 |
1,944 |
650 |
1,851 |
Trading Account Securities |
|
0.00 |
19 |
21 |
22 |
21 |
21 |
24 |
28 |
25 |
22 |
24 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
327 |
319 |
309 |
290 |
272 |
270 |
250 |
245 |
242 |
240 |
239 |
Unearned Premiums Asset |
|
480 |
520 |
539 |
483 |
428 |
462 |
503 |
451 |
380 |
393 |
410 |
Goodwill |
|
8,111 |
7,970 |
7,577 |
7,431 |
7,386 |
7,341 |
6,846 |
6,865 |
6,730 |
6,674 |
6,522 |
Intangible Assets |
|
1,821 |
1,814 |
1,582 |
1,565 |
1,592 |
1,621 |
1,532 |
1,563 |
1,582 |
1,595 |
1,588 |
Other Assets |
|
3,581 |
4,468 |
4,796 |
3,179 |
2,957 |
4,468 |
2,558 |
2,658 |
2,498 |
4,399 |
3,024 |
Total Liabilities & Shareholders' Equity |
|
16,760 |
17,612 |
17,525 |
15,944 |
14,806 |
14,883 |
13,983 |
14,072 |
13,400 |
13,974 |
13,658 |
Total Liabilities |
|
9,919 |
11,175 |
11,045 |
9,907 |
9,019 |
9,304 |
8,784 |
8,999 |
8,555 |
9,367 |
9,348 |
Short-Term Debt |
|
556 |
598 |
554 |
1,038 |
1,197 |
1,028 |
943 |
382 |
589 |
537 |
344 |
Accrued Interest Payable |
|
463 |
653 |
597 |
500 |
421 |
608 |
508 |
449 |
376 |
542 |
436 |
Other Short-Term Payables |
|
2,907 |
2,943 |
2,705 |
3,142 |
2,702 |
2,727 |
2,378 |
2,641 |
2,294 |
2,265 |
1,995 |
Long-Term Debt |
|
3,731 |
3,599 |
3,367 |
3,391 |
3,009 |
3,227 |
3,145 |
3,762 |
3,680 |
3,692 |
4,040 |
Claims and Claim Expense |
|
462 |
1,543 |
2,044 |
108 |
72 |
131 |
232 |
199 |
154 |
841 |
1,034 |
Unearned Premiums Liability |
|
542 |
577 |
625 |
603 |
488 |
462 |
531 |
488 |
400 |
412 |
431 |
Other Long-Term Liabilities |
|
1,258 |
1,262 |
1,153 |
1,125 |
1,130 |
1,121 |
1,049 |
1,079 |
1,062 |
1,079 |
1,069 |
Total Equity & Noncontrolling Interests |
|
6,841 |
6,437 |
6,480 |
6,037 |
5,787 |
5,579 |
5,199 |
5,073 |
4,845 |
4,607 |
4,311 |
Total Preferred & Common Equity |
|
6,821 |
6,420 |
6,464 |
6,026 |
5,778 |
5,579 |
5,199 |
5,073 |
4,845 |
4,607 |
4,311 |
Total Common Equity |
|
6,821 |
6,420 |
6,464 |
6,026 |
5,778 |
5,579 |
5,199 |
5,073 |
4,845 |
4,607 |
4,311 |
Common Stock |
|
1,138 |
1,149 |
1,126 |
1,057 |
1,033 |
1,057 |
1,018 |
957 |
938 |
950 |
934 |
Retained Earnings |
|
6,416 |
6,128 |
5,961 |
5,764 |
5,544 |
5,289 |
5,057 |
4,914 |
4,756 |
4,553 |
4,440 |
Treasury Stock |
|
-748 |
-748 |
-748 |
-748 |
-748 |
-748 |
-748 |
-748 |
-748 |
-748 |
-748 |
Accumulated Other Comprehensive Income / (Loss) |
|
15 |
-109 |
125 |
-47 |
-51 |
-19 |
-128 |
-51 |
-101 |
-148 |
-316 |
Noncontrolling Interest |
|
20 |
17 |
16 |
11 |
9.00 |
0.00 |
- |
- |
- |
- |
- |
Annual Metrics And Ratios for Brown & Brown
This table displays calculated financial ratios and metrics derived from Brown & Brown's official financial filings.
Metric |
|
2024 |
2023 |
2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
9.91% |
22.97% |
19.81% |
16.91% |
9.70% |
17.98% |
7.09% |
4.32% |
6.39% |
-46.83% |
EBITDA Growth |
|
28.58% |
29.62% |
14.52% |
22.41% |
-0.61% |
34.87% |
2.66% |
-11.00% |
4.28% |
-74.69% |
EBIT Growth |
|
13.70% |
30.82% |
14.84% |
22.22% |
18.67% |
13.72% |
2.83% |
6.19% |
5.20% |
-78.98% |
NOPAT Growth |
|
15.04% |
29.61% |
14.46% |
22.19% |
20.57% |
15.76% |
-13.86% |
55.20% |
5.82% |
17.60% |
Net Income Growth |
|
15.04% |
29.61% |
14.46% |
22.19% |
20.57% |
15.76% |
-13.86% |
55.20% |
5.82% |
17.60% |
EPS Growth |
|
13.44% |
28.69% |
14.49% |
22.49% |
20.71% |
14.75% |
-12.86% |
55.20% |
5.82% |
20.57% |
Operating Cash Flow Growth |
|
16.24% |
14.64% |
8.93% |
13.44% |
5.13% |
19.50% |
28.41% |
7.54% |
7.65% |
-0.84% |
Free Cash Flow Firm Growth |
|
258.06% |
92.49% |
-224.71% |
284.60% |
-337.33% |
-209.40% |
121.69% |
-1,905.82% |
-84.10% |
136.71% |
Invested Capital Growth |
|
8.14% |
11.30% |
36.71% |
-10.73% |
20.25% |
10.41% |
3.61% |
26.77% |
5.54% |
-0.11% |
Revenue Q/Q Growth |
|
8.53% |
10.22% |
8.47% |
3.35% |
2.52% |
4.23% |
1.66% |
0.13% |
1.67% |
-48.12% |
EBITDA Q/Q Growth |
|
-4.96% |
-0.39% |
-5.74% |
1.31% |
-10.28% |
19.32% |
13.96% |
-13.53% |
-0.06% |
-74.84% |
EBIT Q/Q Growth |
|
-5.79% |
16.43% |
6.49% |
1.31% |
4.85% |
0.27% |
-1.22% |
2.61% |
-0.03% |
-79.05% |
NOPAT Q/Q Growth |
|
-5.43% |
16.57% |
6.96% |
0.75% |
4.53% |
0.78% |
-24.89% |
48.15% |
-0.12% |
15.99% |
Net Income Q/Q Growth |
|
-5.43% |
16.57% |
6.96% |
0.75% |
4.53% |
0.78% |
-24.89% |
48.15% |
-0.12% |
15.99% |
EPS Q/Q Growth |
|
-5.46% |
15.53% |
7.24% |
0.98% |
4.32% |
0.00% |
-25.61% |
48.15% |
-0.12% |
-86.58% |
Operating Cash Flow Q/Q Growth |
|
4.96% |
2.48% |
12.83% |
0.95% |
-7.48% |
2.89% |
17.28% |
9.00% |
0.18% |
-2.18% |
Free Cash Flow Firm Q/Q Growth |
|
463.96% |
-181.92% |
-260.00% |
3,374.00% |
-5.87% |
80.79% |
633.16% |
-458.62% |
-51.48% |
52.06% |
Invested Capital Q/Q Growth |
|
2.24% |
5.90% |
1.61% |
-14.90% |
2.67% |
2.15% |
18.06% |
25.86% |
1.00% |
-0.01% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
31.53% |
26.95% |
25.57% |
26.75% |
25.55% |
28.20% |
24.67% |
25.73% |
30.16% |
30.78% |
EBIT Margin |
|
26.94% |
26.05% |
24.48% |
25.54% |
24.43% |
22.59% |
23.43% |
24.40% |
23.97% |
24.24% |
Profit (Net Income) Margin |
|
20.72% |
19.80% |
18.78% |
19.66% |
18.81% |
17.11% |
17.44% |
21.68% |
14.58% |
14.65% |
Tax Burden Percent |
|
76.90% |
76.00% |
76.71% |
76.97% |
76.99% |
75.77% |
74.44% |
88.86% |
60.80% |
60.44% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
23.10% |
24.00% |
23.29% |
23.03% |
23.01% |
24.23% |
25.56% |
11.14% |
39.20% |
39.56% |
Return on Invested Capital (ROIC) |
|
9.79% |
9.33% |
8.79% |
8.57% |
7.25% |
6.95% |
6.43% |
8.49% |
6.37% |
6.18% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
9.79% |
9.33% |
8.79% |
8.57% |
7.25% |
6.95% |
6.43% |
8.49% |
6.37% |
6.18% |
Return on Net Nonoperating Assets (RNNOA) |
|
6.89% |
7.77% |
6.48% |
6.20% |
6.28% |
5.60% |
6.19% |
8.10% |
5.05% |
5.23% |
Return on Equity (ROE) |
|
16.68% |
17.10% |
15.27% |
14.77% |
13.53% |
12.55% |
12.62% |
16.59% |
11.42% |
11.41% |
Cash Return on Invested Capital (CROIC) |
|
1.97% |
-1.37% |
-22.23% |
19.91% |
-11.14% |
-2.94% |
2.88% |
-15.12% |
0.98% |
6.30% |
Operating Return on Assets (OROA) |
|
8.02% |
7.94% |
7.37% |
8.13% |
7.52% |
7.35% |
7.44% |
8.17% |
8.25% |
8.08% |
Return on Assets (ROA) |
|
6.17% |
6.04% |
5.65% |
6.26% |
5.79% |
5.57% |
5.54% |
7.26% |
5.02% |
4.89% |
Return on Common Equity (ROCE) |
|
16.65% |
17.10% |
15.27% |
14.77% |
13.53% |
12.55% |
12.62% |
16.59% |
11.42% |
11.41% |
Return on Equity Simple (ROE_SIMPLE) |
|
15.61% |
15.61% |
14.59% |
13.99% |
12.80% |
11.89% |
11.47% |
15.47% |
10.91% |
11.32% |
Net Operating Profit after Tax (NOPAT) |
|
1,002 |
871 |
672 |
587 |
481 |
399 |
344 |
400 |
257 |
243 |
NOPAT Margin |
|
20.72% |
19.80% |
18.78% |
19.66% |
18.81% |
17.11% |
17.44% |
21.68% |
14.58% |
14.65% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
49.75% |
49.70% |
50.78% |
54.81% |
56.23% |
56.18% |
54.16% |
53.97% |
52.37% |
51.61% |
Operating Expenses to Revenue |
|
73.06% |
73.95% |
75.52% |
74.46% |
75.57% |
77.41% |
76.57% |
75.60% |
76.03% |
75.76% |
Earnings before Interest and Taxes (EBIT) |
|
1,303 |
1,146 |
876 |
763 |
624 |
526 |
462 |
450 |
423 |
403 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
1,525 |
1,186 |
915 |
799 |
653 |
657 |
487 |
474 |
533 |
511 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
4.54 |
3.60 |
3.45 |
4.66 |
3.51 |
3.22 |
2.46 |
2.77 |
2.50 |
1.94 |
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) |
|
6.02 |
4.57 |
4.44 |
6.54 |
5.15 |
4.63 |
3.74 |
3.70 |
3.34 |
2.52 |
Price to Earnings (P/E) |
|
29.34 |
23.06 |
23.66 |
33.28 |
27.39 |
27.06 |
21.46 |
17.04 |
22.90 |
17.18 |
Dividend Yield |
|
0.53% |
0.67% |
0.75% |
0.55% |
0.75% |
0.85% |
1.15% |
1.14% |
1.20% |
1.53% |
Earnings Yield |
|
3.41% |
4.34% |
4.23% |
3.00% |
3.65% |
3.70% |
4.66% |
5.87% |
4.37% |
5.82% |
Enterprise Value to Invested Capital (EV/IC) |
|
2.90 |
2.40 |
2.20 |
3.15 |
2.12 |
2.07 |
1.66 |
1.33 |
1.66 |
1.35 |
Enterprise Value to Revenue (EV/Rev) |
|
6.38 |
5.37 |
5.44 |
6.81 |
6.02 |
5.36 |
4.59 |
3.79 |
3.91 |
3.19 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
20.23 |
19.94 |
21.29 |
25.45 |
23.56 |
19.02 |
18.61 |
14.73 |
12.96 |
10.35 |
Enterprise Value to EBIT (EV/EBIT) |
|
23.67 |
20.63 |
22.24 |
26.66 |
24.64 |
23.75 |
19.59 |
15.54 |
16.31 |
13.14 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
30.78 |
27.15 |
28.99 |
34.64 |
32.00 |
31.34 |
26.32 |
17.48 |
26.82 |
21.75 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
26.27 |
23.41 |
22.11 |
25.14 |
21.56 |
18.42 |
15.97 |
15.81 |
16.81 |
13.86 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
152.69 |
0.00 |
0.00 |
14.91 |
0.00 |
0.00 |
58.68 |
0.00 |
175.24 |
21.35 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.65 |
0.76 |
0.92 |
0.54 |
0.93 |
0.80 |
0.82 |
0.31 |
0.76 |
0.83 |
Long-Term Debt to Equity |
|
0.56 |
0.58 |
0.80 |
0.47 |
0.54 |
0.45 |
0.49 |
0.00 |
0.43 |
0.50 |
Financial Leverage |
|
0.70 |
0.83 |
0.74 |
0.72 |
0.87 |
0.81 |
0.96 |
0.95 |
0.79 |
0.85 |
Leverage Ratio |
|
2.70 |
2.83 |
2.70 |
2.36 |
2.34 |
2.25 |
2.28 |
2.29 |
2.28 |
2.34 |
Compound Leverage Factor |
|
2.70 |
2.83 |
2.70 |
2.36 |
2.34 |
2.25 |
2.28 |
2.29 |
2.28 |
2.34 |
Debt to Total Capital |
|
39.47% |
43.27% |
47.86% |
35.06% |
48.14% |
44.35% |
44.97% |
23.37% |
43.14% |
45.34% |
Short-Term Debt to Total Capital |
|
5.62% |
10.45% |
6.08% |
4.41% |
20.15% |
19.42% |
18.25% |
23.37% |
18.61% |
18.10% |
Long-Term Debt to Total Capital |
|
33.84% |
32.81% |
41.78% |
30.64% |
27.99% |
24.92% |
26.72% |
0.00% |
24.53% |
27.25% |
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 |
|
0.16% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
60.37% |
56.73% |
52.14% |
64.94% |
51.86% |
55.65% |
55.03% |
76.63% |
56.86% |
54.66% |
Debt to EBITDA |
|
2.75 |
3.59 |
4.62 |
2.84 |
5.34 |
4.07 |
5.04 |
1.58 |
3.36 |
3.49 |
Net Debt to EBITDA |
|
1.11 |
3.00 |
3.91 |
1.00 |
3.39 |
2.60 |
3.44 |
0.37 |
1.89 |
2.17 |
Long-Term Debt to EBITDA |
|
2.36 |
2.72 |
4.03 |
2.48 |
3.10 |
2.28 |
2.99 |
0.00 |
1.91 |
2.10 |
Debt to NOPAT |
|
4.19 |
4.89 |
6.29 |
3.86 |
7.25 |
6.70 |
7.12 |
1.88 |
6.96 |
7.33 |
Net Debt to NOPAT |
|
1.69 |
4.08 |
5.33 |
1.35 |
4.61 |
4.28 |
4.86 |
0.44 |
3.92 |
4.56 |
Long-Term Debt to NOPAT |
|
3.59 |
3.70 |
5.49 |
3.37 |
4.22 |
3.76 |
4.23 |
0.00 |
3.96 |
4.40 |
Noncontrolling Interest Sharing Ratio |
|
0.14% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
202 |
-128 |
-1,701 |
1,364 |
-739 |
-169 |
154 |
-712 |
39 |
248 |
Operating Cash Flow to CapEx |
|
1,431.71% |
1,463.77% |
1,694.23% |
1,797.33% |
1,008.49% |
927.64% |
1,366.88% |
1,826.95% |
2,313.54% |
2,077.82% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
0.00 |
20.98 |
-12.52 |
-2.65 |
3.81 |
-18.58 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
0.00 |
12.44 |
12.08 |
10.65 |
13.99 |
11.54 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
11.75 |
10.89 |
9.50 |
12.96 |
10.90 |
0.00 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.30 |
0.31 |
0.30 |
0.32 |
0.31 |
0.33 |
0.32 |
0.33 |
0.34 |
0.33 |
Fixed Asset Turnover |
|
16.42 |
17.26 |
15.84 |
14.46 |
14.61 |
18.70 |
0.00 |
0.00 |
22.42 |
19.96 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
10,634 |
9,834 |
8,835 |
6,463 |
7,239 |
6,020 |
5,452 |
5,263 |
4,151 |
3,933 |
Invested Capital Turnover |
|
0.47 |
0.47 |
0.47 |
0.44 |
0.39 |
0.41 |
0.37 |
0.39 |
0.44 |
0.42 |
Increase / (Decrease) in Invested Capital |
|
800 |
999 |
2,373 |
-777 |
1,219 |
567 |
190 |
1,111 |
218 |
-4.50 |
Enterprise Value (EV) |
|
30,844 |
23,644 |
19,479 |
20,335 |
15,375 |
12,490 |
9,061 |
6,987 |
6,907 |
5,291 |
Market Capitalization |
|
29,132 |
20,089 |
15,901 |
19,539 |
13,162 |
10,784 |
7,387 |
6,811 |
5,897 |
4,181 |
Book Value per Share |
|
$22.45 |
$19.60 |
$16.27 |
$14.86 |
$13.22 |
$11.89 |
$10.75 |
$17.62 |
$16.83 |
$15.25 |
Tangible Book Value per Share |
|
($11.76) |
($11.89) |
($12.93) |
($5.74) |
($5.95) |
($4.66) |
($4.77) |
($1.86) |
($7.29) |
($8.38) |
Total Capital |
|
10,634 |
9,834 |
8,835 |
6,463 |
7,239 |
6,020 |
5,452 |
3,206 |
4,151 |
3,933 |
Total Debt |
|
4,197 |
4,255 |
4,229 |
2,266 |
3,485 |
2,670 |
2,452 |
749 |
1,791 |
1,783 |
Total Long-Term Debt |
|
3,599 |
3,227 |
3,692 |
1,980 |
2,026 |
1,500 |
1,457 |
0.00 |
1,018 |
1,072 |
Net Debt |
|
1,695 |
3,555 |
3,579 |
795 |
2,213 |
1,707 |
1,674 |
176 |
1,010 |
1,110 |
Capital Expenditures (CapEx) |
|
82 |
69 |
52 |
45 |
71 |
73 |
42 |
24 |
18 |
18 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
4,197 |
4,255 |
4,229 |
2,266 |
3,485 |
2,670 |
2,452 |
2,806 |
1,791 |
1,783 |
Total Depreciation and Amortization (D&A) |
|
222 |
40 |
39 |
36 |
29 |
131 |
24 |
25 |
109 |
108 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$3.48 |
$3.07 |
$2.38 |
$2.08 |
$1.70 |
$1.42 |
$1.24 |
$1.43 |
$0.92 |
$0.86 |
Adjusted Weighted Average Basic Shares Outstanding |
|
285.93M |
285.80M |
284.29M |
282.22M |
282.09M |
281.55M |
279.70M |
275.60M |
279.97M |
277.23M |
Adjusted Diluted Earnings per Share |
|
$3.46 |
$3.05 |
$2.37 |
$2.07 |
$1.69 |
$1.40 |
$1.22 |
$1.41 |
$0.91 |
$0.85 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
285.93M |
285.80M |
284.29M |
282.22M |
282.09M |
281.55M |
279.70M |
275.60M |
279.97M |
277.23M |
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 |
|
285.93M |
285.80M |
284.29M |
282.22M |
282.09M |
281.55M |
279.70M |
275.60M |
279.97M |
277.23M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
1,004 |
887 |
642 |
618 |
477 |
397 |
346 |
408 |
263 |
245 |
Normalized NOPAT Margin |
|
20.75% |
20.16% |
17.95% |
20.70% |
18.68% |
17.07% |
17.55% |
22.13% |
14.89% |
14.76% |
Pre Tax Income Margin |
|
26.94% |
26.05% |
24.48% |
25.54% |
24.43% |
22.59% |
23.43% |
24.40% |
23.97% |
24.24% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
11.74 |
10.58 |
8.26 |
11.40 |
11.74 |
0.00 |
0.00 |
NOPAT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
9.03 |
8.14 |
6.26 |
8.48 |
10.43 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
11.04 |
9.38 |
7.11 |
10.37 |
11.11 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
8.34 |
6.95 |
5.11 |
7.46 |
9.80 |
0.00 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
15.37% |
15.50% |
17.86% |
18.26% |
20.94% |
22.92% |
24.60% |
19.45% |
27.29% |
26.35% |
Augmented Payout Ratio |
|
20.86% |
20.09% |
36.16% |
40.81% |
41.00% |
40.39% |
54.64% |
53.53% |
37.93% |
99.44% |
Quarterly Metrics And Ratios for Brown & Brown
This table displays calculated financial ratios and metrics derived from Brown & Brown's 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 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
11.62% |
3.72% |
11.05% |
13.01% |
13.19% |
26.17% |
20.53% |
24.30% |
20.60% |
38.70% |
17.50% |
EBITDA Growth |
|
30.93% |
37.92% |
27.99% |
30.19% |
21.16% |
156.14% |
-13.47% |
73.23% |
13.15% |
-37.28% |
129.87% |
EBIT Growth |
|
17.31% |
-22.47% |
30.99% |
36.22% |
23.81% |
83.32% |
11.01% |
27.77% |
10.94% |
37.93% |
10.94% |
NOPAT Growth |
|
13.99% |
-21.56% |
35.80% |
36.32% |
24.15% |
85.01% |
9.25% |
30.85% |
7.13% |
42.97% |
10.04% |
Net Income Growth |
|
13.99% |
-21.56% |
35.80% |
36.32% |
24.15% |
85.01% |
9.25% |
30.85% |
7.13% |
42.97% |
10.04% |
EPS Growth |
|
12.75% |
-21.51% |
30.65% |
34.33% |
22.89% |
78.85% |
8.77% |
31.37% |
7.79% |
44.44% |
9.62% |
Operating Cash Flow Growth |
|
1,538.46% |
17.97% |
39.24% |
9.76% |
-78.33% |
8.82% |
24.61% |
35.20% |
-42.08% |
55.36% |
2.30% |
Free Cash Flow Firm Growth |
|
-36.69% |
19.29% |
-110.98% |
-311.43% |
24.11% |
67.23% |
55.81% |
76.33% |
-32.66% |
-353.58% |
-136.63% |
Invested Capital Growth |
|
11.36% |
8.14% |
12.01% |
13.55% |
9.64% |
11.30% |
6.80% |
4.90% |
12.44% |
36.71% |
14.49% |
Revenue Q/Q Growth |
|
6.94% |
10.54% |
5.05% |
-6.69% |
23.70% |
18.35% |
6.91% |
-6.55% |
24.88% |
13.06% |
10.25% |
EBITDA Q/Q Growth |
|
48.34% |
-11.73% |
-6.48% |
-4.07% |
-21.43% |
-18.09% |
-4.87% |
-10.72% |
41.05% |
-72.33% |
90.44% |
EBIT Q/Q Growth |
|
54.71% |
-12.93% |
-8.38% |
-4.95% |
2.48% |
47.11% |
-4.72% |
-13.61% |
51.31% |
-10.92% |
9.66% |
NOPAT Q/Q Growth |
|
58.29% |
-11.72% |
-7.72% |
-11.60% |
9.04% |
52.84% |
-7.37% |
-19.49% |
62.53% |
-9.75% |
10.95% |
Net Income Q/Q Growth |
|
58.29% |
-11.72% |
-7.72% |
-11.60% |
9.04% |
52.84% |
-7.37% |
-19.49% |
62.53% |
-9.75% |
10.95% |
EPS Q/Q Growth |
|
57.53% |
-9.88% |
-10.00% |
-11.76% |
9.68% |
50.00% |
-7.46% |
-19.28% |
59.62% |
-8.77% |
11.76% |
Operating Cash Flow Q/Q Growth |
|
-41.00% |
-17.95% |
22.22% |
2,669.23% |
-95.74% |
-3.16% |
-3.66% |
446.67% |
-78.69% |
10.88% |
4.53% |
Free Cash Flow Firm Q/Q Growth |
|
-35.99% |
32.76% |
11.51% |
-68.92% |
19.66% |
-75.77% |
-72.57% |
68.84% |
65.33% |
-137.04% |
7.56% |
Invested Capital Q/Q Growth |
|
4.65% |
2.24% |
-0.62% |
4.73% |
1.62% |
5.90% |
0.75% |
1.13% |
3.16% |
1.61% |
-1.04% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
35.02% |
25.25% |
31.62% |
35.52% |
34.55% |
18.99% |
27.43% |
30.83% |
32.27% |
9.35% |
38.21% |
EBIT Margin |
|
30.46% |
21.05% |
26.73% |
30.65% |
30.08% |
28.16% |
22.66% |
25.43% |
27.50% |
19.39% |
24.60% |
Profit (Net Income) Margin |
|
23.82% |
16.09% |
20.15% |
22.94% |
24.21% |
21.28% |
16.48% |
19.02% |
22.08% |
14.51% |
18.18% |
Tax Burden Percent |
|
78.22% |
76.45% |
75.39% |
74.86% |
80.49% |
75.56% |
72.73% |
74.80% |
80.27% |
74.87% |
73.90% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
21.78% |
23.55% |
24.61% |
25.14% |
19.51% |
24.44% |
27.27% |
25.20% |
19.73% |
25.13% |
26.10% |
Return on Invested Capital (ROIC) |
|
11.24% |
7.61% |
9.12% |
10.11% |
10.67% |
10.03% |
7.32% |
8.05% |
9.27% |
6.79% |
7.36% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
11.24% |
7.61% |
9.12% |
10.11% |
10.67% |
10.03% |
7.32% |
8.05% |
9.27% |
6.79% |
7.36% |
Return on Net Nonoperating Assets (RNNOA) |
|
7.56% |
5.35% |
6.26% |
7.80% |
8.50% |
8.36% |
6.52% |
7.44% |
8.12% |
5.01% |
6.88% |
Return on Equity (ROE) |
|
18.80% |
12.96% |
15.38% |
17.92% |
19.17% |
18.39% |
13.84% |
15.49% |
17.39% |
11.80% |
14.25% |
Cash Return on Invested Capital (CROIC) |
|
-0.87% |
1.97% |
-0.56% |
-2.56% |
0.51% |
-1.37% |
1.74% |
3.35% |
-3.72% |
-22.23% |
-5.80% |
Operating Return on Assets (OROA) |
|
9.61% |
6.27% |
7.56% |
8.86% |
8.98% |
8.59% |
6.54% |
7.35% |
8.06% |
5.84% |
6.97% |
Return on Assets (ROA) |
|
7.52% |
4.79% |
5.70% |
6.63% |
7.23% |
6.49% |
4.76% |
5.50% |
6.47% |
4.37% |
5.15% |
Return on Common Equity (ROCE) |
|
18.75% |
12.94% |
15.36% |
17.90% |
19.15% |
18.39% |
13.84% |
15.49% |
17.39% |
11.80% |
14.25% |
Return on Equity Simple (ROE_SIMPLE) |
|
15.29% |
0.00% |
16.39% |
16.54% |
16.05% |
0.00% |
14.37% |
14.44% |
14.19% |
0.00% |
14.58% |
Net Operating Profit after Tax (NOPAT) |
|
334 |
211 |
239 |
259 |
293 |
269 |
176 |
190 |
236 |
145 |
161 |
NOPAT Margin |
|
23.82% |
16.09% |
20.15% |
22.94% |
24.21% |
21.28% |
16.48% |
19.02% |
22.08% |
14.51% |
18.18% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
48.72% |
44.47% |
51.18% |
51.82% |
52.15% |
43.83% |
49.81% |
53.05% |
53.41% |
47.47% |
53.08% |
Operating Expenses to Revenue |
|
69.54% |
78.95% |
73.27% |
69.35% |
69.92% |
71.84% |
77.34% |
74.57% |
72.50% |
80.61% |
75.40% |
Earnings before Interest and Taxes (EBIT) |
|
427 |
276 |
317 |
346 |
364 |
356 |
242 |
254 |
294 |
194 |
218 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
491 |
331 |
375 |
401 |
418 |
240 |
293 |
308 |
345 |
94 |
339 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
5.21 |
4.54 |
4.57 |
4.23 |
4.31 |
3.60 |
3.79 |
3.82 |
3.35 |
3.45 |
3.92 |
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) |
|
7.14 |
6.02 |
6.63 |
5.88 |
5.92 |
4.57 |
4.93 |
5.09 |
4.48 |
4.44 |
5.12 |
Price to Earnings (P/E) |
|
34.50 |
29.34 |
28.08 |
25.65 |
26.86 |
23.06 |
26.34 |
26.48 |
23.58 |
23.66 |
26.89 |
Dividend Yield |
|
0.45% |
0.53% |
0.50% |
0.56% |
0.56% |
0.67% |
0.66% |
0.65% |
0.76% |
0.75% |
0.69% |
Earnings Yield |
|
2.90% |
3.41% |
3.56% |
3.90% |
3.72% |
4.34% |
3.80% |
3.78% |
4.24% |
4.23% |
3.72% |
Enterprise Value to Invested Capital (EV/IC) |
|
3.36 |
2.90 |
2.96 |
2.58 |
2.70 |
2.40 |
2.32 |
2.31 |
2.03 |
2.20 |
2.23 |
Enterprise Value to Revenue (EV/Rev) |
|
7.51 |
6.38 |
6.91 |
6.22 |
6.41 |
5.37 |
5.38 |
5.58 |
5.13 |
5.44 |
5.89 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
22.81 |
20.23 |
19.19 |
17.71 |
18.87 |
19.94 |
18.06 |
17.21 |
16.76 |
21.29 |
20.02 |
Enterprise Value to EBIT (EV/EBIT) |
|
27.41 |
23.67 |
22.26 |
20.62 |
22.18 |
20.63 |
21.84 |
22.16 |
20.48 |
22.24 |
23.62 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
35.89 |
30.78 |
29.06 |
27.06 |
29.09 |
27.15 |
28.77 |
29.05 |
26.96 |
28.99 |
30.93 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
27.25 |
26.27 |
27.53 |
27.12 |
28.03 |
23.41 |
21.81 |
23.05 |
22.12 |
22.11 |
24.89 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
152.69 |
0.00 |
0.00 |
556.26 |
0.00 |
137.80 |
70.52 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.63 |
0.65 |
0.61 |
0.73 |
0.73 |
0.76 |
0.79 |
0.82 |
0.88 |
0.92 |
1.02 |
Long-Term Debt to Equity |
|
0.55 |
0.56 |
0.52 |
0.56 |
0.52 |
0.58 |
0.60 |
0.74 |
0.76 |
0.80 |
0.94 |
Financial Leverage |
|
0.67 |
0.70 |
0.69 |
0.77 |
0.80 |
0.83 |
0.89 |
0.92 |
0.88 |
0.74 |
0.94 |
Leverage Ratio |
|
2.50 |
2.70 |
2.70 |
2.70 |
2.65 |
2.83 |
2.91 |
2.82 |
2.69 |
2.70 |
2.77 |
Compound Leverage Factor |
|
2.50 |
2.70 |
2.70 |
2.70 |
2.65 |
2.83 |
2.91 |
2.82 |
2.69 |
2.70 |
2.77 |
Debt to Total Capital |
|
38.52% |
39.47% |
37.70% |
42.32% |
42.09% |
43.27% |
44.02% |
44.97% |
46.84% |
47.86% |
50.42% |
Short-Term Debt to Total Capital |
|
5.00% |
5.62% |
5.33% |
9.92% |
11.98% |
10.45% |
10.15% |
4.15% |
6.46% |
6.08% |
3.95% |
Long-Term Debt to Total Capital |
|
33.53% |
33.84% |
32.37% |
32.40% |
30.11% |
32.81% |
33.86% |
40.82% |
40.38% |
41.78% |
46.47% |
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 |
|
0.18% |
0.16% |
0.15% |
0.11% |
0.09% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
61.30% |
60.37% |
62.15% |
57.58% |
57.82% |
56.73% |
55.98% |
55.03% |
53.16% |
52.14% |
49.58% |
Debt to EBITDA |
|
2.61 |
2.75 |
2.44 |
2.91 |
2.94 |
3.59 |
3.43 |
3.35 |
3.86 |
4.62 |
4.52 |
Net Debt to EBITDA |
|
1.13 |
1.11 |
0.76 |
0.96 |
1.44 |
3.00 |
1.53 |
1.52 |
2.10 |
3.91 |
2.61 |
Long-Term Debt to EBITDA |
|
2.27 |
2.36 |
2.10 |
2.23 |
2.10 |
2.72 |
2.64 |
3.04 |
3.33 |
4.03 |
4.16 |
Debt to NOPAT |
|
4.11 |
4.19 |
3.70 |
4.44 |
4.53 |
4.89 |
5.47 |
5.66 |
6.21 |
6.29 |
6.98 |
Net Debt to NOPAT |
|
1.77 |
1.69 |
1.15 |
1.46 |
2.22 |
4.08 |
2.43 |
2.57 |
3.38 |
5.33 |
4.03 |
Long-Term Debt to NOPAT |
|
3.58 |
3.59 |
3.18 |
3.40 |
3.24 |
3.70 |
4.21 |
5.14 |
5.35 |
5.49 |
6.43 |
Noncontrolling Interest Sharing Ratio |
|
0.23% |
0.14% |
0.14% |
0.10% |
0.08% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-801 |
-589 |
-876 |
-990 |
-586 |
-730 |
-415 |
-241 |
-772 |
-2,227 |
-940 |
Operating Cash Flow to CapEx |
|
1,252.94% |
1,805.00% |
2,095.24% |
1,384.62% |
100.00% |
987.10% |
2,430.77% |
2,523.08% |
500.00% |
1,434.69% |
1,798.58% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
0.00 |
-20.20 |
-12.21 |
0.00 |
0.00 |
-5.01 |
-16.43 |
0.00 |
-22.64 |
Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
0.00 |
7.35 |
0.27 |
0.00 |
0.00 |
6.83 |
1.28 |
0.00 |
6.11 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
6.82 |
0.00 |
0.00 |
0.00 |
6.56 |
1.02 |
0.00 |
5.77 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.32 |
0.30 |
0.28 |
0.29 |
0.30 |
0.31 |
0.29 |
0.29 |
0.29 |
0.30 |
0.28 |
Fixed Asset Turnover |
|
16.63 |
16.42 |
15.94 |
16.23 |
16.39 |
17.26 |
16.31 |
16.59 |
15.85 |
15.84 |
14.74 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
11,128 |
10,634 |
10,401 |
10,466 |
9,993 |
9,834 |
9,286 |
9,217 |
9,114 |
8,835 |
8,695 |
Invested Capital Turnover |
|
0.47 |
0.47 |
0.45 |
0.44 |
0.44 |
0.47 |
0.44 |
0.42 |
0.42 |
0.47 |
0.41 |
Increase / (Decrease) in Invested Capital |
|
1,135 |
800 |
1,115 |
1,249 |
879 |
999 |
591 |
431 |
1,008 |
2,373 |
1,101 |
Enterprise Value (EV) |
|
37,437 |
30,844 |
30,789 |
26,970 |
26,979 |
23,644 |
21,497 |
21,276 |
18,536 |
19,479 |
19,431 |
Market Capitalization |
|
35,570 |
29,132 |
29,553 |
25,504 |
24,914 |
20,089 |
19,680 |
19,395 |
16,211 |
15,901 |
16,897 |
Book Value per Share |
|
$23.86 |
$22.45 |
$22.66 |
$21.13 |
$20.26 |
$19.60 |
$18.33 |
$17.88 |
$17.04 |
$16.27 |
$15.26 |
Tangible Book Value per Share |
|
($10.88) |
($11.76) |
($9.45) |
($10.41) |
($11.22) |
($11.89) |
($11.21) |
($11.83) |
($12.19) |
($12.93) |
($13.45) |
Total Capital |
|
11,128 |
10,634 |
10,401 |
10,466 |
9,993 |
9,834 |
9,286 |
9,217 |
9,114 |
8,835 |
8,695 |
Total Debt |
|
4,287 |
4,197 |
3,921 |
4,429 |
4,206 |
4,255 |
4,087 |
4,145 |
4,269 |
4,229 |
4,384 |
Total Long-Term Debt |
|
3,731 |
3,599 |
3,367 |
3,391 |
3,009 |
3,227 |
3,145 |
3,762 |
3,680 |
3,692 |
4,040 |
Net Debt |
|
1,847 |
1,695 |
1,220 |
1,455 |
2,056 |
3,555 |
1,816 |
1,881 |
2,326 |
3,579 |
2,533 |
Capital Expenditures (CapEx) |
|
17 |
20 |
21 |
26 |
13 |
31 |
13 |
13 |
12 |
20 |
14 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
4,287 |
4,197 |
3,921 |
4,429 |
4,206 |
4,255 |
4,087 |
4,145 |
4,269 |
4,229 |
4,384 |
Total Depreciation and Amortization (D&A) |
|
64 |
55 |
58 |
55 |
54 |
-116 |
51 |
54 |
51 |
-101 |
121 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.16 |
$0.73 |
$0.82 |
$0.90 |
$1.03 |
$0.95 |
$0.62 |
$0.67 |
$0.83 |
$0.52 |
$0.57 |
Adjusted Weighted Average Basic Shares Outstanding |
|
286.61M |
285.93M |
285.96M |
285.26M |
285.25M |
285.80M |
284.60M |
283.61M |
283.64M |
284.29M |
283.22M |
Adjusted Diluted Earnings per Share |
|
$1.15 |
$0.73 |
$0.81 |
$0.90 |
$1.02 |
$0.93 |
$0.62 |
$0.67 |
$0.83 |
$0.52 |
$0.57 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
286.61M |
285.93M |
285.96M |
285.26M |
285.25M |
285.80M |
284.60M |
283.61M |
283.64M |
284.29M |
283.22M |
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 |
|
286.61M |
285.93M |
285.96M |
285.26M |
285.25M |
285.80M |
284.60M |
283.61M |
283.64M |
284.29M |
283.22M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
331 |
219 |
233 |
260 |
291 |
262 |
198 |
191 |
234 |
141 |
141 |
Normalized NOPAT Margin |
|
23.60% |
16.74% |
19.64% |
23.01% |
24.08% |
20.74% |
18.52% |
19.17% |
21.93% |
14.07% |
15.96% |
Pre Tax Income Margin |
|
30.46% |
21.05% |
26.73% |
30.65% |
30.08% |
28.16% |
22.66% |
25.43% |
27.50% |
19.39% |
24.60% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
7.06 |
7.58 |
0.00 |
0.00 |
5.29 |
6.26 |
0.00 |
5.25 |
NOPAT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
5.29 |
6.10 |
0.00 |
0.00 |
3.96 |
5.02 |
0.00 |
3.88 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
6.53 |
7.31 |
0.00 |
0.00 |
5.02 |
6.00 |
0.00 |
4.91 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
4.76 |
5.83 |
0.00 |
0.00 |
3.69 |
4.77 |
0.00 |
3.54 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
15.24% |
15.37% |
13.97% |
14.55% |
15.09% |
15.50% |
17.48% |
17.29% |
17.98% |
17.86% |
18.45% |
Augmented Payout Ratio |
|
19.18% |
20.86% |
19.06% |
20.06% |
21.34% |
20.09% |
22.85% |
22.67% |
30.89% |
36.16% |
38.02% |