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Brown & Brown BRO Retail — Goodwill

Other segment segments

Specialty Distribution
$5.91B

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$2.86B-1.8%

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:Goodwill.

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 — goodwill?
Brown & Brown (BRO) reported retail — goodwill of $9.17B in Q1 2026.
How has Brown & Brown's retail — goodwill changed year-over-year?
Brown & Brown's retail — goodwill increased by 66.4% year-over-year, from $5.51B to $9.17B.
What is the long-term trend for Brown & Brown's retail — goodwill?
Over 4 years (2021 to 2025), Brown & Brown's retail — goodwill has grown at a 27.8% compound annual growth rate (CAGR), from $11.3B to $30.16B.
What does retail — goodwill mean?
This reflects the intangible asset value recorded when the retail segment acquires other businesses for a price exceeding the fair market value of their net identifiable assets. It represents the premium paid for brand reputation, customer relationships, and expected future synergies.