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Brunswick BC Propulsion — Research and Development Expense

Other segment segments

Navico Group
$13.8M+19.0%
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$7.9M+5.3%
Engine Parts and Accessories
$100K-66.7%

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CMIEngine — Research and Development Expense
$164M+5.8%

Other financials

Income statement

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Revenue$1.6B+7.7%
Gross profit$437.8M+18.4%
Operating income$129.4M+25.3%
Net income$109.8M+85.2%
EPS (diluted)$1.68+88.8%

Balance sheet

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Cash & equivalents$298.9M-10.5%
Total debt$2.6B-0.3%
Total equity$1.7B-11.9%
Total assets$5.5B-5.0%

Cash flow

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Operating cash flow$313.8M-0.8%
CapEx$41.4M-7.8%
Free cash flow$272.4M+0.4%

Valuation

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Market cap$5.26B+37.7%
Enterprise value$7.55B+24.2%
P/S0.9×+0.2×

Profitability

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Gross margin25.6%+0.9pp
Operating margin8.7%-3.6pp
Net margin5%-2.5pp
FCF margin6.1%

Returns & leverage

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Return on equity13.3%-11.3pp
Debt / equity1.5×+0.2×
Current ratio1.4×-0.2×

Where this comes from

Reported directly by Brunswick in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Brunswick’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 2:51 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000014930-26-000110
(in millions)Research & Development Expense / Three Months Ended / July 4, 2026Research & Development Expense / June 28, 2025Research & Development Expense / Six Months Ended / July 4, 2026June 28, 2025
Propulsion$27.5$21.4$51.9$39.9
Engine P&A0.10.30.40.7
Navico Group13.811.626.823.0
Boat7.97.515.414.7
Corporate/Other1.11.02.22.0
Total$50.4$41.8$96.7$80.3

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Brunswick's propulsion — research and development expense?
Brunswick (BC) reported propulsion — research and development expense of $27.5M in Q2 2026.
How has Brunswick's propulsion — research and development expense changed year-over-year?
Brunswick's propulsion — research and development expense increased by 28.5% year-over-year, from $21.4M to $27.5M.
What is the long-term trend for Brunswick's propulsion — research and development expense?
Over 4 years (2021 to 2025), Brunswick's propulsion — research and development expense has grown at a -1.7% compound annual growth rate (CAGR), from $93.8M to $87.7M.
What does propulsion — research and development expense mean?
Costs incurred by the propulsion segment to discover new technologies, improve existing engine designs, and develop innovative marine propulsion solutions. This investment is critical for maintaining competitive advantage and long-term product differentiation in the marine industry.

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