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Brown & Brown BRO Debt-to-equity

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1.6×-0.7×
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5.9×-1.2×

Other financials

Income statement

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Revenue$1.7B+30.4%
Net income$288.0M+24.7%
EPS (diluted)$0.84+7.7%

Balance sheet

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Cash & equivalents$918.0M-89.7%
Total debt$8.1B+3.7%
Total equity$5.6B+21.1%
Total assets$29.9B+16.6%

Cash flow

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Operating cash flow$346.0M+6.5%
CapEx$17.0M+13.3%
Free cash flow$329.0M+6.1%

Valuation

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Market cap$23.56B-23.0%
Enterprise value$30.7B+4.2%
P/E19.6×-10.8×
P/S3.5×-2.6×

Profitability

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Net margin17.7%-2.1pp
FCF margin21.3%-3.7pp

Returns & leverage

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Return on equity17.1%+1.8pp
Current ratio1.1×-1.6×

Where this comes from

Calculated from Brown & Brown’s reported figures.

Based on the most recent quarter.

The source filing: Brown & Brown’s 10-K, filed February 22, 2024. Open the filing →

Filed
Feb 22, 2024
Fiscal year
FY2023
Accession
0000950170-24-018890

FAQ

What is Brown & Brown's debt-to-equity?
Brown & Brown (BRO) reported debt-to-equity of 0.7× in Q4 2023.
How has Brown & Brown's debt-to-equity changed year-over-year?
Brown & Brown's debt-to-equity decreased by 20.6% year-over-year, from 0.9× to 0.7×.
What is the long-term trend for Brown & Brown's debt-to-equity?
Over 3 years (2020 to 2023), Brown & Brown's debt-to-equity has grown at a 5.4% compound annual growth rate (CAGR), from 0.6× to 0.7×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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