Free Trial
→ Man who predicted $100K Bitcoin sees a huge run coming for another coin … (From Weiss Ratings) (Ad) Buy BRO Stock  Free BRO Stock Alerts

Brown & Brown (BRO) Financials

Brown & Brown logo
$111.94 +1.12 (+1.01%)
Closing price 05/27/2025 03:59 PM Eastern
Extended Trading
$112.08 +0.14 (+0.12%)
As of 05:38 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Compare
Annual Income Statements for Brown & Brown

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.

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		 993 871 672 587 481 399 344 400 257 243
Consolidated Net Income / (Loss)		 1,002 871 672 587 481 399 344 400 257 243
Net Income / (Loss) Continuing Operations		 1,002 871 672 587 481 399 344 400 257 243
Total Pre-Tax Income 		1,303 1,146 876 763 624 526 462 450 423 403
Total Revenue		 4,836 4,400 3,578 2,986 2,554 2,329 1,974 1,843 1,767 1,661
Net Interest Income / (Expense)		 0.00 0.00 0.00 -65 -59 -64 -41 -38 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 65 59 64 41 38 0.00 0.00
Total Non-Interest Income		 4,836 4,400 3,578 3,051 2,613 2,392 2,014 1,881 1,767 1,661
Other Service Charges		 4,712 4,205 3,566 3,050 2,611 2,386 2,012 1,880 1,765 1,660
Net Realized & Unrealized Capital Gains on Investments		 31 143 5.00 - - - - - - -
Investment Banking Income		 93 52 7.00 1.10 2.80 5.78 2.75 1.63 1.46 1.00
Total Non-Interest Expense		 3,533 3,254 2,702 2,224 1,930 1,803 1,511 1,393 1,343 1,258
Salaries and Employee Benefits		 2,406 2,187 1,817 1,637 1,436 1,308 1,069 995 925 857
Other Operating Expenses		 903 840 738 393 364 367 330 281 301 290
Depreciation Expense		 44 40 39 33 26 23 23 23 21 21
Amortization Expense		 178 166 147 120 109 105 87 85 87 87
Restructuring Charge		 2.00 21 -39 40 -4.50 -1.37 2.97 9.20 9.19 3.00
Income Tax Expense		 301 275 204 176 144 127 118 50 166 159
Net Income / (Loss) Attributable to Noncontrolling Interest		 9.00 0.00 0.00 - - - - - - -
Basic Earnings per Share		 $3.48 $3.07 $2.38 $2.08 $1.70 $1.42 $1.24 $1.43 $0.92 $1.72
Weighted Average Basic Shares Outstanding		 285.93M 285.80M 284.29M 282.22M 282.09M 281.55M 270.97M 272.58M 136.14M 137.81M
Diluted Earnings per Share		 $3.46 $3.05 $2.37 $2.07 $1.69 $1.40 $1.22 $1.40 $0.91 $1.70
Weighted Average Diluted Shares Outstanding		 285.93M 285.80M 284.29M 282.22M 282.09M 281.55M 270.97M 272.58M 136.14M 137.81M
Weighted Average Basic & Diluted Shares Outstanding		 285.93M 285.80M 284.29M 282.22M 282.09M 281.55M 270.97M 272.58M 136.14M 137.81M
Cash Dividends to Common per Share		 $0.00 $0.00 $0.00 $0.38 $0.35 $0.33 $0.31 $0.28 $0.25 $0.45

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
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		 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
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		 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
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		 -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
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		 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
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
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
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		 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
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		 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%

Frequently Asked Questions About Brown & Brown's Financials

When does Brown & Brown's fiscal year end?

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

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

Brown & Brown's net income appears to be on an upward trend, with a most recent value of $1.00 billion in 2024, rising from $243.32 million in 2015. The previous period was $871 million in 2023. See Brown & Brown's forecast for analyst expectations on what’s next for the company.

How has Brown & Brown revenue changed over the last 9 years?

Over the last 9 years, Brown & Brown's total revenue changed from $1.66 billion in 2015 to $4.84 billion in 2024, a change of 191.2%.

How much debt does Brown & Brown have?

Brown & Brown's total liabilities were at $11.18 billion at the end of 2024, a 20.1% increase from 2023, and a 291.5% increase since 2015.

How much cash does Brown & Brown have?

In the past 9 years, Brown & Brown's cash and equivalents has ranged from $438.96 million in 2018 to $2.50 billion in 2024, and is currently $2.50 billion as of their latest financial filing in 2024.

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

Over the last 9 years, Brown & Brown's book value per share changed from 15.25 in 2015 to 22.45 in 2024, a change of 47.2%.


Related Companies

This page (NYSE:BRO) was last updated on 5/28/2025 by MarketBeat.com Staff
From Our Partners
Trump Predicts Dollar Downfall
READ THIS VERY CAREFULLY: If you have $100,000 or more saved for retirement, this may make you VERY angry... ...
Augusta Precious Metals | Sponsored
July 2025 Rule Change to Impact Retirement Investors
There's a massive change from a new rule going into effect this July. And it's one the Big Banks are alread...
Premier Gold Co | Sponsored
Trump Exec Order 14179 is wealth “gift” to good Americans?
Is President Trump’s Executive Order 14179… A secret way to restore wealth for good citizens? If you’ve ...
Paradigm Press | Sponsored
F1 Engineering Powers This Electric Marine Motor
The future of marine propulsion has arrived - powered by F-1 grade engineering. In collaboration with McLar...
The Tomorrow Investor | Sponsored
The “Miracle Metal” that saved 379 lives
According to Airbus, it’s all thanks to a “miracle metal” built into the aircraft’s frame. This same materi...
True Market Insiders | Sponsored
Take a look at this picture ...
A strange investment secret — discovered just a few short weeks before this image was taken — correctly predic...
Weiss Ratings | Sponsored
We’ve Entered the Most Bullish Phase of the Cycle
It happens like clockwork. Every four years, the crypto market enters a new phase — and for those who know how...
Crypto Swap Profits | Sponsored
White House to reset Social Security?
Elon Musk's parting DOGE gift looks set to shock America... A single announcement by July 22nd could soon b...
Altimetry | Sponsored