BROWN & BROWN INC (BRO) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:BRO • US1152361010

73.57 USD
+0.9 (+1.24%)
Last: Feb 6, 2026, 12:28 PM
Fundamental Rating

4

BRO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 147 industry peers in the Insurance industry. BRO has an average financial health and profitability rating. BRO is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year BRO was profitable.
  • BRO had a positive operating cash flow in the past year.
  • BRO had positive earnings in 4 of the past 5 years.
  • Of the past 5 years BRO 4 years had a positive operating cash flow.
BRO Yearly Net Income VS EBIT VS OCF VS FCFBRO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

1.2 Ratios

  • With a decent Return On Assets value of 3.36%, BRO is doing good in the industry, outperforming 68.71% of the companies in the same industry.
  • BRO's Return On Equity of 7.97% is on the low side compared to the rest of the industry. BRO is outperformed by 66.67% of its industry peers.
  • BRO's Return On Invested Capital of 5.43% is amongst the best of the industry. BRO outperforms 81.63% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BRO is significantly below the industry average of 14.94%.
Industry RankSector Rank
ROA 3.36%
ROE 7.97%
ROIC 5.43%
ROA(3y)5.35%
ROA(5y)5.42%
ROE(3y)14.98%
ROE(5y)14.21%
ROIC(3y)9.07%
ROIC(5y)8.85%
BRO Yearly ROA, ROE, ROICBRO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • The Profit Margin of BRO (18.02%) is better than 86.39% of its industry peers.
  • In the last couple of years the Profit Margin of BRO has grown nicely.
  • With an excellent Operating Margin value of 29.15%, BRO belongs to the best of the industry, outperforming 91.16% of the companies in the same industry.
  • BRO's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 29.15%
PM (TTM) 18.02%
GM N/A
OM growth 3Y2.76%
OM growth 5Y4.78%
PM growth 3Y2.76%
PM growth 5Y4.84%
GM growth 3YN/A
GM growth 5YN/A
BRO Yearly Profit, Operating, Gross MarginsBRO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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4

2. Health

2.1 Basic Checks

  • BRO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • There is no outstanding debt for BRO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
BRO Yearly Shares OutstandingBRO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
BRO Yearly Total Debt VS Total AssetsBRO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

  • BRO has an Altman-Z score of 1.62. This is a bad value and indicates that BRO is not financially healthy and even has some risk of bankruptcy.
  • With an excellent Altman-Z score value of 1.62, BRO belongs to the best of the industry, outperforming 88.44% of the companies in the same industry.
  • The Debt to FCF ratio of BRO is 5.95, which is a neutral value as it means it would take BRO, 5.95 years of fcf income to pay off all of its debts.
  • BRO has a worse Debt to FCF ratio (5.95) than 65.31% of its industry peers.
  • BRO has a Debt/Equity ratio of 0.62. This is a neutral value indicating BRO is somewhat dependend on debt financing.
  • BRO's Debt to Equity ratio of 0.62 is on the low side compared to the rest of the industry. BRO is outperformed by 77.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF 5.95
Altman-Z 1.62
ROIC/WACC0.66
WACC8.25%
BRO Yearly LT Debt VS Equity VS FCFBRO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 1.18 indicates that BRO should not have too much problems paying its short term obligations.
  • BRO's Current ratio of 1.18 is amongst the best of the industry. BRO outperforms 82.99% of its industry peers.
  • A Quick Ratio of 1.18 indicates that BRO should not have too much problems paying its short term obligations.
  • The Quick ratio of BRO (1.18) is better than 82.99% of its industry peers.
Industry RankSector Rank
Current Ratio 1.18
Quick Ratio 1.18
BRO Yearly Current Assets VS Current LiabilitesBRO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 11.98% over the past year.
  • The Earnings Per Share has been growing by 20.54% on average over the past years. This is a very strong growth
EPS 1Y (TTM)11.98%
EPS 3Y23.37%
EPS 5Y20.54%
EPS Q2Q%8.14%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%35.73%

3.2 Future

  • Based on estimates for the next years, BRO will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.10% on average per year.
  • BRO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.68% yearly.
EPS Next Y6.07%
EPS Next 2Y8.2%
EPS Next 3Y8.1%
EPS Next 5YN/A
Revenue Next Year20.85%
Revenue Next 2Y13.64%
Revenue Next 3Y10.43%
Revenue Next 5Y3.68%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
BRO Yearly Revenue VS EstimatesBRO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B
BRO Yearly EPS VS EstimatesBRO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4 5

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2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 17.11 indicates a rather expensive valuation of BRO.
  • BRO's Price/Earnings ratio is a bit more expensive when compared to the industry. BRO is more expensive than 62.59% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.67, BRO is valued a bit cheaper.
  • Based on the Price/Forward Earnings ratio of 16.13, the valuation of BRO can be described as correct.
  • Based on the Price/Forward Earnings ratio, BRO is valued a bit more expensive than the industry average as 63.27% of the companies are valued more cheaply.
  • The average S&P500 Price/Forward Earnings ratio is at 27.20. BRO is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 17.11
Fwd PE 16.13
BRO Price Earnings VS Forward Price EarningsBRO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • BRO's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. BRO is more expensive than 63.27% of the companies in the same industry.
  • BRO's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. BRO is more expensive than 61.90% of the companies in the same industry.
Industry RankSector Rank
P/FCF 19.34
EV/EBITDA 16.6
BRO Per share dataBRO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 -20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • BRO has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.82
PEG (5Y)0.83
EPS Next 2Y8.2%
EPS Next 3Y8.1%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • BRO has a yearly dividend return of 0.92%, which is pretty low.
  • Compared to an average industry Dividend Yield of 2.24, BRO has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, BRO's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.92%

5.2 History

  • On average, the dividend of BRO grows each year by 10.65%, which is quite nice.
  • BRO has paid a dividend for at least 10 years, which is a reliable track record.
  • BRO has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)10.65%
Div Incr Years31
Div Non Decr Years34
BRO Yearly Dividends per shareBRO Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • BRO pays out 18.24% of its income as dividend. This is a sustainable payout ratio.
  • BRO's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP18.24%
EPS Next 2Y8.2%
EPS Next 3Y8.1%
BRO Yearly Income VS Free CF VS DividendBRO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
BRO Dividend Payout.BRO Dividend Payout, showing the Payout Ratio.BRO Dividend Payout.PayoutRetained Earnings

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BROWN & BROWN INC

NYSE:BRO (2/6/2026, 12:28:46 PM)

73.57

+0.9 (+1.24%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)01-26
Earnings (Next)04-27
Inst Owners80.99%
Inst Owner Change-0.92%
Ins Owners13.08%
Ins Owner Change-0.06%
Market Cap25.12B
Revenue(TTM)N/A
Net Income(TTM)987.00M
Analysts66.96
Price Target86.59 (17.7%)
Short Float %4.56%
Short Ratio5.06
Dividend
Industry RankSector Rank
Dividend Yield 0.92%
Yearly Dividend0.54
Dividend Growth(5Y)10.65%
DP18.24%
Div Incr Years31
Div Non Decr Years34
Ex-Date02-04
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.9%
Min EPS beat(2)3.03%
Max EPS beat(2)10.78%
EPS beat(4)3
Avg EPS beat(4)5.69%
Min EPS beat(4)-2.08%
Max EPS beat(4)11.02%
EPS beat(8)7
Avg EPS beat(8)5.75%
EPS beat(12)11
Avg EPS beat(12)6.9%
EPS beat(16)14
Avg EPS beat(16)4.84%
Revenue beat(2)1
Avg Revenue beat(2)1.77%
Min Revenue beat(2)-0.54%
Max Revenue beat(2)4.08%
Revenue beat(4)2
Avg Revenue beat(4)1.76%
Min Revenue beat(4)-0.99%
Max Revenue beat(4)4.5%
Revenue beat(8)6
Avg Revenue beat(8)1.9%
Revenue beat(12)9
Avg Revenue beat(12)2.04%
Revenue beat(16)12
Avg Revenue beat(16)1.65%
PT rev (1m)-1.77%
PT rev (3m)-15.03%
EPS NQ rev (1m)-0.77%
EPS NQ rev (3m)-3.22%
EPS NY rev (1m)0.03%
EPS NY rev (3m)1.55%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.72%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)1.11%
Valuation
Industry RankSector Rank
PE 17.11
Fwd PE 16.13
P/S 4.59
P/FCF 19.34
P/OCF 18.37
P/B 2.03
P/tB N/A
EV/EBITDA 16.6
EPS(TTM)4.3
EY5.84%
EPS(NY)4.56
Fwd EY6.2%
FCF(TTM)3.8
FCFY5.17%
OCF(TTM)4
OCFY5.44%
SpS16.04
BVpS36.28
TBVpS-21.84
PEG (NY)2.82
PEG (5Y)0.83
Graham Number59.24
Profitability
Industry RankSector Rank
ROA 3.36%
ROE 7.97%
ROCE 7.11%
ROIC 5.43%
ROICexc 5.74%
ROICexgc 85.29%
OM 29.15%
PM (TTM) 18.02%
GM N/A
FCFM 23.71%
ROA(3y)5.35%
ROA(5y)5.42%
ROE(3y)14.98%
ROE(5y)14.21%
ROIC(3y)9.07%
ROIC(5y)8.85%
ROICexc(3y)9.73%
ROICexc(5y)9.73%
ROICexgc(3y)222.79%
ROICexgc(5y)196.94%
ROCE(3y)11.87%
ROCE(5y)11.58%
ROICexgc growth 3Y-5.47%
ROICexgc growth 5Y1.96%
ROICexc growth 3Y0.09%
ROICexc growth 5Y3.73%
OM growth 3Y2.76%
OM growth 5Y4.78%
PM growth 3Y2.76%
PM growth 5Y4.84%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.19
Health
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF 5.95
Debt/EBITDA 4.05
Cap/Depr 23.37%
Cap/Sales 1.24%
Interest Coverage 250
Cash Conversion 72.4%
Profit Quality 131.61%
Current Ratio 1.18
Quick Ratio 1.18
Altman-Z 1.62
F-Score4
WACC8.25%
ROIC/WACC0.66
Cap/Depr(3y)32.9%
Cap/Depr(5y)36.11%
Cap/Sales(3y)1.6%
Cap/Sales(5y)1.8%
Profit Quality(3y)115.6%
Profit Quality(5y)123.95%
High Growth Momentum
Growth
EPS 1Y (TTM)11.98%
EPS 3Y23.37%
EPS 5Y20.54%
EPS Q2Q%8.14%
EPS Next Y6.07%
EPS Next 2Y8.2%
EPS Next 3Y8.1%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%35.73%
Revenue Next Year20.85%
Revenue Next 2Y13.64%
Revenue Next 3Y10.43%
Revenue Next 5Y3.68%
EBIT growth 1Y14.4%
EBIT growth 3Y19.55%
EBIT growth 5Y20.47%
EBIT Next Year36.8%
EBIT Next 3Y22%
EBIT Next 5Y10.16%
FCF growth 1Y40.11%
FCF growth 3Y12.65%
FCF growth 5Y12.53%
OCF growth 1Y38.68%
OCF growth 3Y13.23%
OCF growth 5Y11.6%

BROWN & BROWN INC / BRO FAQ

Can you provide the ChartMill fundamental rating for BROWN & BROWN INC?

ChartMill assigns a fundamental rating of 4 / 10 to BRO.


What is the valuation status for BRO stock?

ChartMill assigns a valuation rating of 2 / 10 to BROWN & BROWN INC (BRO). This can be considered as Overvalued.


What is the profitability of BRO stock?

BROWN & BROWN INC (BRO) has a profitability rating of 6 / 10.


What is the valuation of BROWN & BROWN INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for BROWN & BROWN INC (BRO) is 17.11 and the Price/Book (PB) ratio is 2.03.


How sustainable is the dividend of BROWN & BROWN INC (BRO) stock?

The dividend rating of BROWN & BROWN INC (BRO) is 5 / 10 and the dividend payout ratio is 18.24%.