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Brunswick BC United States — Deferred Tax Assets, Valuation Allowance

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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:DeferredTaxAssetsValuationAllowance.

The source filing: Brunswick’s 10-K, filed February 13, 2026.

Filed
Feb 13, 2026, 11:56 AM EST
Fiscal year
FY2025
Accession
0000014930-26-000027

As of December 31, 2025, the Company had a total valuation allowance against its deferred tax assets of $74.8 million. The remaining realizable value of deferred tax assets as of December 31, 2025 was determined by evaluating the potential to recover the value of these assets through the utilization of tax loss and credit carrybacks, the reversal of existing taxable temporary differences and carryforwards, certain tax planning strategies and future taxable income exclusive of reversing temporary differences and carryforwards. As of December 31, 2025, the Company retained valuation allowance reserves of $54.0 million against deferred tax assets in the U.S. primarily related to state tax credits that are subject to restrictive rules for future utilization, various state operating loss carryforwards, and non-amortizable intangibles and valuation allowances of $20.8 million for deferred tax assets related to foreign jurisdictions, primarily Luxembourg.

Item 15. Exhibits and Financial Statement Schedules

FAQ

What is Brunswick's united states — deferred tax assets, valuation allowance?
Brunswick (BC) reported united states — deferred tax assets, valuation allowance of $54M in Q4 2025.
How has Brunswick's united states — deferred tax assets, valuation allowance changed year-over-year?
Brunswick's united states — deferred tax assets, valuation allowance decreased by 5.8% year-over-year, from $57.3M to $54M.
What does united states — deferred tax assets, valuation allowance mean?
This metric represents the portion of deferred tax assets for the United States segment that management believes is more likely than not to remain unrealized. It serves as a critical indicator of tax planning risk and the company's ability to utilize future tax benefits against taxable income. A significant change in this allowance often signals shifts in the company's outlook on future profitability or changes in the tax environment.

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