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Brown & Brown BRO Retail — D&A

Other segment segments

Specialty Distribution
$49M

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Other financials

Income statement

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Revenue$1.9B+35.4%
Net income$426.0M+28.7%
EPS (diluted)$1.06-7.8%

Balance sheet

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Cash & equivalents$1.0B+49.9%
Total debt$8.1B+101%
Total equity$5.6B+21.1%
Total assets$29.7B+77.2%

Cash flow

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Operating cash flow$262.0M+23.0%
CapEx$21.0M+23.5%
Free cash flow$241.0M+23.0%

Valuation

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Market cap$21.74B-34.2%
Enterprise value$28.86B-21.7%
P/E18.9×-13.1×
P/S3.4×-3.3×

Profitability

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Net margin17.9%-2.9pp
FCF margin22.3%-3.7pp

Returns & leverage

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Return on equity17.1%+1.8pp
Debt / equity0.7×-0.2×
Current ratio-0.2×

Where this comes from

Reported directly by Brown & Brown in its filing.

Tagged under the XBRL concept us-gaap:DepreciationAndAmortization.

The official record: Brown & Brown’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Brown & Brown's retail — D&A?
Brown & Brown (BRO) reported retail — D&A of $83M in Q1 2026.
How has Brown & Brown's retail — D&A changed year-over-year?
Brown & Brown's retail — D&A increased by 93.0% year-over-year, from $43M to $83M.
What is the long-term trend for Brown & Brown's retail — D&A?
Over 4 years (2021 to 2025), Brown & Brown's retail — D&A has grown at a 116.9% compound annual growth rate (CAGR), from $11.3M to $250M.
What does retail — D&A mean?
This represents the non-cash expense allocated to the systematic reduction in the value of tangible assets and the expensing of intangible assets over their useful lives within the retail segment. It reflects the ongoing consumption of capital investments required to support insurance brokerage operations. High levels often indicate significant investment in technology or acquired customer relationships.