FirmAtlas
Company handbook · BRO · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
BRO · CIK 79282 · LATEST FILING: 10-Q JUN '26 · FILED JUL 27, 2026
BROWN & BROWN, INC.
$69.40
+1.42 (+2.09%)
Close, Oct 16, 2026 · 52-week $54–90
Last fiscal year
BROWN & BROWN, INC. reported revenue of $5.9B for the year ended Dec 31, 2025 (FY25), up 22.8% from FY24. Net income was $1.1B. Source: 10-K filed Feb 12, 2026.
Market cap
$23.3B
P/E
19.3
P/B
1.9
Div yield
0.95%
Op. ROE
11.1%
Revenue 1Y
22.8%/yr
EPS 1Y
−8.7%/yr
Shares 1Y
+17%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJ. Powell Brown
HQDaytona Beach, FL
AuditorDeloitte & Touche LLP
Year endsJanuary
Revenue by segment · FY25
Retail59%
Specialty Distribution41%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
14.0%
1.5%
−0.2%
−20.6%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the earnings went · FY24–FY25
$2.0B net income
Dividends
$347M
17.0%
Buybacks
$100M
4.9%
Retained
$1.6B
78.2%
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY16).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
17,612
29,991+70.3%
29,887
Cash & short-term investments
2,512
3,815+51.9%
—
Investments
19
—
—
Other assets
15,081
26,176+73.6%
—
Total liabilities
11,175
17,418+55.9%
17,279
Loss & LAE reserves
1,543
671−56.5%
—
Unearned premiums
577
1,053+82.5%
—
Other liabilities
9,055
15,694+73.3%
—
Shareholders’ equity
6,437
12,573+95.3%
12,608
Shares outstanding (M)
286
336+17.5%
—
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,174
1,450+23.5%
1,520
Net income
1,002
1,067+6.5%
—
Depreciation & amortization
44
55+25.0%
—
Stock-based compensation
101
93−7.9%
—
Working capital & other
27
235+770.4%
—
Cash from investing
(898)
(7,914)n/m
—
Capex
(82)
(68)n/m
—
Acquisitions
(890)
(7,854)n/m
—
Investments bought
(7)
—
—
Investments sold / matured
11
—
—
Other investing
70
8−88.6%
—
Cash from financing
(64)
7,713n/m
—
Debt raised
599
4,192+599.8%
—
Debt repaid
(719)
(225)n/m
—
Dividends
(154)
(193)n/m
—
Buybacks
0
(100)n/m
—
Shares issued
0
4,315n/m
—
Other financing
210
(276)−231.4%
—
Net change in cash
199
1,313+559.8%
—
Free cash flow (OCF − capex)
1,092
1,382+26.6%
1,446
Where the earnings went
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
1,606
1,607
1,901
1,676
vs year-ago quarter
Net income
227
265
426
288
vs year-ago quarter
Net margin
14.1%
16.5%
22.4%
17.2%
EPS (diluted, $)
0.68
0.79
1.06
0.84
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
29,354
29,991
29,700
29,887
Cash & equivalents
3,724
3,815
3,658
3,799
Total debt
7,803
8,332
9,060
8,172
Shareholders’ equity
12,407
12,573
12,613
12,608
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
468
444
262
346
Capex
16
20
21
17
Free cash flow
452
424
241
329
vs year-ago quarter