BROWN & BROWN, INC.
BROWN & BROWN, INC.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 1,003 | 1,079 | 1,190 | 8,893 | 669 | 675 | 957 | 1,107 | 581 | 700 | 756 | 628 | |||||
Short Term Investments | - | - | - | - | - | 10 | 11 | 9 | 10 | 11 | 13 | 10 | |||||
Assets Current | |||||||||||||||||
Assets Current | 8,455 | 8,614 | 8,143 | 14,443 | 5,917 | 6,924 | 7,479 | 6,089 | 5,005 | 5,130 | 4,845 | 4,895 | |||||
Reinsurance Recoverables Gross | 590 | 647 | 603 | 385 | 447 | 1,527 | 2,036 | 100 | 65 | 125 | 220 | 187 | |||||
Prepaid Reinsurance Premiums | 869 | 980 | 790 | 529 | 480 | 520 | 539 | 483 | 428 | 462 | 503 | 451 | |||||
Other Assets Current | 456 | 484 | 484 | 343 | 331 | 364 | 314 | 318 | 287 | 314 | 243 | 227 | |||||
Property Plant And Equipment Net | 370 | 367 | 366 | 334 | 327 | 319 | 309 | 290 | 272 | 270 | 250 | 245 | |||||
Operating Lease Right Of Use Asset | 263 | 269 | 269 | 198 | 197 | 200 | 192 | 192 | 197 | 199 | 198 | 205 | |||||
Goodwill | 15,076 | 15,087 | 14,891 | 8,365 | 8,111 | 7,970 | 7,577 | 7,431 | 7,386 | 7,341 | 6,846 | 6,865 | |||||
Finite Lived Intangible Assets Net | 4,782 | 4,906 | 4,952 | 1,866 | 1,821 | 1,814 | 1,582 | 1,565 | 1,592 | 1,621 | 1,532 | 1,563 | |||||
Other Assets Noncurrent | 754 | 748 | 733 | 430 | 387 | 385 | 365 | 355 | 333 | 301 | 288 | 272 | |||||
Investments | - | - | - | - | - | 19 | 21 | 22 | 21 | 21 | 24 | 28 | |||||
Assets | 29,700 | 29,991 | 29,354 | 25,636 | 16,760 | 17,612 | 17,525 | 15,944 | 14,806 | 14,883 | 13,983 | 14,072 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liability For Claims And Claims Adjustment Expense | 611 | 671 | 620 | 400 | 462 | 1,543 | 2,044 | 108 | 72 | 131 | 232 | 199 | |||||
Unearned Premiums | 938 | 1,053 | 887 | 632 | 542 | 577 | 625 | 603 | 488 | 462 | 531 | 488 | |||||
Liabilities Current | |||||||||||||||||
Liabilities Current | 8,316 | 8,294 | 6,890 | 5,257 | 4,930 | 6,314 | 6,525 | 5,391 | 4,880 | 4,956 | 4,591 | 4,158 | |||||
Accounts Payable Current | 873 | 990 | 849 | 382 | 481 | 373 | 329 | 313 | 322 | 459 | 380 | 329 | |||||
Accrued Liabilities Current | 695 | 875 | 840 | 530 | 463 | 653 | 597 | 500 | 421 | 608 | 508 | 449 | |||||
Long Term Debt Current | 1,238 | 719 | 75 | 75 | 75 | 225 | 225 | 725 | 875 | 569 | 563 | 53 | |||||
Long Term Debt Noncurrent | 6,584 | 6,894 | 7,653 | 7,470 | 3,731 | 3,599 | 3,367 | 3,391 | 3,009 | 3,227 | 3,145 | 3,762 | |||||
Operating Lease Liability Noncurrent | 238 | 243 | 243 | 186 | 186 | 189 | 181 | 180 | 178 | 179 | 179 | 186 | |||||
Deferred Income Tax Liabilities Net | 899 | 815 | 857 | 721 | 701 | 711 | 638 | 614 | 614 | 616 | 568 | 572 | |||||
Other Liabilities Noncurrent | 1,050 | 1,172 | 1,304 | 385 | 371 | 362 | 334 | 331 | 338 | 326 | 302 | 321 | |||||
Common Stock Value | 36 | 36 | 36 | 35 | 31 | 31 | 31 | 30 | 30 | 30 | 30 | 30 | |||||
Additional Paid In Capital Common Stock | 6,165 | 6,160 | 6,117 | 5,441 | 1,107 | 1,118 | 1,095 | 1,027 | 1,003 | 1,027 | 987 | 927 | |||||
Treasury Stock Value | -1,098 | -848 | -748 | -748 | -748 | -748 | -748 | -748 | -748 | -748 | -748 | -748 | |||||
Stockholders Equity | |||||||||||||||||
Stockholders Equity | 12,613 | 12,573 | 12,407 | 11,617 | 6,841 | 6,437 | 6,480 | 6,037 | 5,787 | 5,579 | 5,199 | 5,073 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 128 | 210 | 200 | 262 | 15 | -109 | 125 | -47 | -51 | -19 | -128 | -51 | |||||
Minority Interest | 24 | 26 | 21 | 23 | 20 | 17 | 16 | 11 | 9 | - | - | - | |||||
Retained Earnings Accumulated Deficit | 7,358 | 6,989 | 6,781 | 6,604 | 6,416 | 6,128 | 5,961 | 5,764 | 5,544 | 5,289 | 5,057 | 4,914 | |||||
Liabilities And Stockholders Equity | 29,700 | 29,991 | 29,354 | 25,636 | 16,760 | 17,612 | 17,525 | 15,944 | 14,806 | 14,883 | 13,983 | 14,072 | |||||
Common Stock Par Or Stated Value Per Share | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |||||
Common Stock Shares Authorized | 560,000 | 560,000 | 560,000 | 560,000 | 560,000 | 560,000 | 560,000 | 560,000 | 560,000 | 560,000 | 560,000 | 560,000 | |||||
Common Stock Shares Issued | 359,000 | 357,000 | 357,000 | 350,000 | 306,000 | 306,000 | 306,000 | 305,000 | 305,000 | 304,000 | 304,000 | 303,300 | |||||
Shares Outstanding | 335 | 336 | 337 | 330 | 287 | 286 | 286 | 285 | 285 | 285 | 284 | 284 | |||||
Treasury Stock Shares | - | - | - | - | - | - | - | - | - | - | - | 20 | |||||
Treasury Stock Common Shares | 24 | 21 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | - | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -12.30% | -10.36% | - | - | - | - | - | - | - | - | - | - |
| 2025 | -3.40% | -5.30% | -9.49% | -5.62% | -10.44% | -14.17% | -2.30% | -2.47% | -2.67% | 5.71% | -5.15% | -17.11% |
| 2024 | 9.55% | 9.85% | 14.32% | 9.49% | 10.85% | 12.59% | 8.57% | -0.27% | 2.27% | 6.96% | 3.68% | -0.32% |
| 2023 | 3.24% | 3.07% | 6.92% | 1.34% | 3.10% | -1.04% | 6.86% | 1.68% | 9.02% | 0.97% | -2.64% | 3.67% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.02 | 1.04 | 1.18 | 2.75 | 1.20 | 1.10 | 1.15 | 1.13 | 1.03 | 1.04 | 1.06 | 1.18 | |||||
| Quick Ratio | 1.02 | 1.04 | 1.18 | 2.75 | 1.20 | 1.10 | 1.15 | 1.13 | 1.03 | 1.04 | 1.06 | 1.18 | |||||
| Working Capital | 139.00M | 320.00M | 1.25B | 9.19B | 987.00M | 610.00M | 954.00M | 698.00M | 125.00M | 174.00M | 254.70M | 737.30M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.66 | 0.66 | 0.56 | 0.45 | 0.72 | 0.98 | 1.01 | 0.89 | 0.84 | 0.89 | 0.88 | 0.82 | |||||
| Interest Coverage TTM | 5.19 | 5.57 | 6.42 | 7.83 | 8.09 | 7.70 | 8.08 | 7.81 | 7.37 | 7.03 | 6.24 | 6.28 | |||||
| Debt Ratio | 0.28 | 0.28 | 0.23 | 0.21 | 0.29 | 0.36 | 0.37 | 0.34 | 0.33 | 0.33 | 0.33 | 0.30 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.28 | 0.25 | 0.23 | 0.24 | 0.31 | 0.30 | 0.30 | 0.30 | 0.31 | 0.30 | 0.30 | 0.30 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 3.41 | 3.37 | 3.01 | 3.43 | 3.62 | 3.50 | 3.71 | 3.52 | 3.28 | 3.10 | 2.66 | 2.62 | |||||
| Free Cash Flow Per Share TTM | 4.31 | 4.46 | 3.92 | 4.33 | 4.55 | 3.87 | 3.64 | 3.23 | 3.18 | 3.36 | 3.31 | 3.10 | |||||
| Dividend Per Share TTM | 0.63 | 0.62 | 0.54 | 0.57 | 0.56 | 0.55 | 0.52 | 0.51 | 0.50 | 0.48 | 0.47 | 0.45 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | - | - | - | - | - | - | 95.82% | 95.75% | 95.65% | 95.53% | 95.44% | 95.44% | |||||
| Operating Profit Margin TTM | 23.08% | 23.23% | 24.19% | 26.31% | 27.59% | 27.12% | 29.75% | 28.87% | 27.64% | 26.92% | 23.82% | 24.06% | |||||
| Net Profit Margin TTM | 17.96% | 17.86% | 18.24% | 19.89% | 20.82% | 20.67% | 22.70% | 22.01% | 21.10% | 20.46% | 18.08% | 18.34% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 29.25% | 22.83% | 17.86% | 11.66% | 12.55% | 12.87% | 12.48% | 13.48% | 16.23% | 19.13% | 21.17% | 22.71% | |||||
| Net Income Growth (1Y) | 11.45% | 6.14% | -5.31% | 0.90% | 11.10% | 14.01% | 41.19% | 36.15% | 34.98% | 29.65% | 18.92% | 19.34% | |||||
| EPS Growth (1Y) | -4.72% | -3.44% | -19.33% | -2.55% | 10.31% | 13.20% | 40.19% | 34.70% | 33.54% | 28.73% | 17.99% | 18.57% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 18.73 | 23.32 | 30.85 | 31.90 | 33.80 | 28.64 | 27.33 | 24.93 | 26.09 | 22.46 | 25.67 | 25.68 | |||||
| P/B TTM | 1.71 | 1.95 | 2.48 | 2.76 | 5.09 | 4.42 | 4.45 | 4.12 | 4.18 | 3.51 | 3.69 | 3.71 | |||||
| P/S TTM | 3.36 | 4.16 | 5.63 | 6.34 | 7.04 | 5.92 | 6.20 | 5.49 | 5.50 | 4.60 | 4.64 | 4.71 | |||||
| Market Cap | 21.52B | 24.58B | 30.82B | 32.09B | 34.85B | 28.44B | 28.84B | 24.85B | 24.21B | 19.56B | 19.18B | 18.80B | |||||
| Enterprise Value | 25.69B | 28.38B | 34.82B | 28.71B | 36.21B | 29.76B | 29.73B | 26.00B | 25.94B | 21.06B | 20.61B | 20.36B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 1.43B | 1.38B | 1.30B | 1.26B | 1.29B | 1.09B | 1.03B | 912.00M | 893.00M | 941.00M | 927.40M | 863.90M | |||||
| Net Debt | 4.16B | 3.80B | 4.00B | -3.37B | 1.37B | 1.32B | 891.00M | 1.14B | 1.73B | 1.49B | 1.44B | 1.55B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
BROWN & BROWN, INC. (BRO) — SEC Financial Statements & Analysis
BROWN & BROWN, INC. (BRO) is a insurance agents, brokers & service company, incorporated in FL. BROWN & BROWN, INC. trades on BRO: NYSE as: BRO. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), BROWN & BROWN, INC. reported a 29.25% year-over-year revenue growth, a Gross Profit Margin of 95.82% (TTM), a Debt-to-Equity ratio of 0.66x, a Price-to-Sales (P/S) ratio of 3.36x (TTM), a Price-to-Book (P/B) ratio of 1.71 (TTM), at a market cap of $21.52B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 29.25%
- Gross Profit Margin TTM
- 95.82%
- Debt To Equity
- 0.66x
- P/S TTM
- 3.36x
- P/B TTM
- 1.71
- Market Cap
- $21.52B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is BROWN & BROWN, INC. in?
BROWN & BROWN, INC. (BRO) operates in the Insurance Agents, Brokers & Service industry.
What is BRO's market cap?
BROWN & BROWN, INC. (BRO) has a market capitalization of $21.52B as of 2026-03-31.
What is BRO's P/E ratio?
BROWN & BROWN, INC. (BRO)'s trailing twelve month P/E ratio is 18.73x as of 2026-03-31.
What exchange does BRO trade on?
BROWN & BROWN, INC. (BRO) trades on the BRO: NYSE.
Where is BROWN & BROWN, INC. incorporated?
BROWN & BROWN, INC. is incorporated in FL.