Brown & Brown, Inc. Financial Ratios — BRO Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	10.41	10.67	11.38	10.04	11.41	11.42	16.17	12.33	12.55	13.53	14.77	15.27	17.1	16.55	11.11
Return on Assets (%)	6.55	6.42	6.41	4.81	4.89	5.02	7.26	5.54	5.57	5.79	6.26	5.65	6.04	6.11	4.43
Return on Capital (%)	9.45	9.33	9.57	7.73	8.08	8.37	12.4	9.28	9.28	9.41	10.19	10.31	11.04	11.33	8.26
Return on Invested Capital (%)	9.12	9.05	9.44	8.76	8.06	8.44	11.97	9.22	8.99	9.21	10.52	9.7	9.56	10.46	7.54
Gross Margin (%)	49.43	48.83	49.61	48.25	48.28	47.51	46.45	46.82	45.14	44.88	46.29	49	47.92	48.86	49.07
EBITDA Margin (%)	34	32.83	33.51	33.24	33.13	32.6	31.18	30.29	29.33	30.84	33.06	32.25	32.44	33.77	32.43
Operating Margin (%)	27.32	26.19	27.21	26.62	26.59	26.49	25.36	24.85	23.93	25.67	28.05	27.03	27.53	29.05	26.06
Incremental Operating Margin (%)	6.52	19.94	34.51	22.82	26.2	24.94	4.2	18.64	19.03	44.33	42.09	21.01	30.35	41.7	12.76
Pretax Margin (%)	26.89	25.63	26.38	21.68	24.3	24.02	24.21	23.01	22.05	23.95	25.03	24.59	27.29	27.69	23.79
Profit Margin (%)	16.3	15.48	16.02	13.2	14.68	14.61	21.52	17.13	16.71	18.44	19.26	18.86	20.74	21.11	18.29
Net Income to Common Margin (%)	16.3	15.48	16.02	13.2	14.68	14.61	21.52	17.13	16.71	18.44	19.26	18.86	20.74	21.11	18.29
Effective Tax Rate (%)	39.38	39.62	39.29	39.1	39.56	39.2	11.14	25.56	24.23	23.01	23.03	23.29	24	23.1	22.17
Dvd Payout Ratio (%)	28.35	26.91	24.66	28.68	26.35	27.29	19.45	24.6	22.92	20.94	18.26	17.86	15.5	15.23	17.87
Sustainable Growth Rate (%)	7.46	7.79	8.58	7.16	8.41	8.3	13.03	9.3	9.67	10.69	12.07	12.54	14.45	14.03	9.13

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	251	450	480	1,198	1,145	1,074	976	1,507	1,767	2,312	2,246	4,183	4,020	4,060	7,918
ST Debt	1	- -	100	46	73	56	120	50	98	114	86	296	614	272	781
LT Debt	250	450	380	1,153	1,072	1,018	856	1,457	1,668	2,199	2,160	3,887	3,406	3,788	7,137
Total Debt/EBITDA	0.73	1.15	1.06	2.3	2.09	1.87	1.69	2.48	2.53	2.88	2.23	3.64	2.95	2.56	4.24
Net Debt/EBITDA	-0.1	0.59	0.61	1.4	1.28	0.97	0.7	1.75	1.45	1.59	1.32	2.87	2.27	1.98	3.5
Total Debt/EBIT	0.91	1.45	1.3	2.87	2.6	2.3	2.07	3.02	3.1	3.46	2.63	4.34	3.48	2.97	5.27
Net Debt/EBIT	-0.13	0.74	0.75	1.75	1.59	1.2	0.86	2.14	1.78	1.91	1.56	3.42	2.68	2.3	4.35
EBITDA to Interest Expense	24.2	24.25	27.63	18.34	13.99	14.56	15.12	15	10.99	13.62	15.5	7.76	7.17	7.91	6.11
EBITDA-CapEx/Interest Expense	23.24	22.76	26.63	17.46	13.52	14.11	14.48	13.98	9.84	12.42	14.81	7.41	6.81	7.5	5.89
EBIT to Interest Expense	19.45	19.34	22.43	14.69	11.23	11.83	12.29	12.31	8.97	11.34	13.15	6.51	6.08	6.8	4.91
Interest Expense	14	16	16	28	39	39	38	41	64	59	65	148	190	201	306
Common Equity/Total Assets	63.06	57.78	55	42.65	42.96	44.85	44.94	44.86	43.95	41.87	42.85	32.97	37.49	36.45	41.84
Long-Term Debt/Equity (%)	15.21	24.9	18.93	54.54	49.85	43.15	33.15	48.56	49.79	58.57	51.48	84.39	61.05	58.85	56.76
Long-Term Debt/Capital (%)	13.19	19.93	15.28	34.81	32.53	29.65	24.06	32.32	32.6	36.24	33.53	44.23	35.48	36.09	34.83
Long-Term Debt/Total Assets (%)	9.59	14.39	10.41	23.26	21.41	19.35	14.9	21.78	21.88	24.52	22.06	27.82	22.89	21.51	23.8
Total Debt/Equity (%)	15.28	24.9	23.91	56.7	53.25	45.5	37.8	50.22	52.73	61.59	53.52	90.8	72.06	63.07	62.98
Total Debt/Capital (%)	13.26	19.94	19.3	36.18	34.75	31.27	27.43	33.43	34.53	38.12	34.86	47.59	41.88	38.68	38.64
Total Debt/Total Assets (%)	9.64	14.39	13.15	24.18	22.87	20.41	16.98	22.53	23.18	25.79	22.93	29.94	27.01	23.05	26.4
Net Debt to Equity	-2.13	12.74	13.8	34.46	32.62	23.65	15.59	35.59	30.24	34.06	31.68	71.46	55.49	48.92	51.97
Net Debt/Capital (%)	-2.18	11.3	12.13	25.63	24.6	19.13	13.49	26.25	22.15	24.36	23.13	40.45	34.79	32.06	33.66
EBITDA	342	390	454	521	549	575	579	609	699	804	1,008	1,149	1,362	1,589	1,869
EBITDA-CapEx	328	366	438	496	531	557	555	567	626	733	963	1,097	1,293	1,507	1,801
Operating Income (Loss)	275	311	369	417	441	467	471	499	571	669	855	963	1,156	1,367	1,502

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.61	0.4	0.24	0.38	0.34	0.37	0.3	0.25	0.27	0.35	0.26	0.14	0.14	0.11	0.13
Current Ratio	1.47	1.34	1.02	1.24	1.16	1.2	1.13	1.22	1.22	1.26	1.25	1.09	1.04	1.1	1.04
Quick Ratio	1.11	0.93	0.67	0.72	0.69	0.77	0.82	0.76	0.76	0.84	0.74	0.66	0.56	0.67	0.56
CFO/Avg Current Liab	0.5	0.42	0.53	0.35	0.29	0.3	0.26	0.3	0.35	0.32	0.32	0.24	0.21	0.21	0.2
Common Equity/Total Assets	63.06	57.78	55	42.65	42.96	44.85	44.94	44.86	43.95	41.87	42.85	32.97	37.49	36.45	41.84
Long-Term Debt/Equity (%)	15.21	24.9	18.93	54.54	49.85	43.15	33.15	48.56	49.79	58.57	51.48	84.39	61.05	58.85	56.76
Long-Term Debt/Capital (%)	13.19	19.93	15.28	34.81	32.53	29.65	24.06	32.32	32.6	36.24	33.53	44.23	35.48	36.09	34.83
Long-Term Debt/Total Assets (%)	9.59	14.39	10.41	23.26	21.41	19.35	14.9	21.78	21.88	24.52	22.06	27.82	22.89	21.51	23.8
Total Debt/Equity (%)	15.28	24.9	23.91	56.7	53.25	45.5	37.8	50.22	52.73	61.59	53.52	90.8	72.06	63.07	62.98
Total Debt/Capital (%)	13.26	19.94	19.3	36.18	34.75	31.27	27.43	33.43	34.53	38.12	34.86	47.59	41.88	38.68	38.64
Total Debt/Total Assets (%)	9.64	14.39	13.15	24.18	22.87	20.41	16.98	22.53	23.18	25.79	22.93	29.94	27.01	23.05	26.4
CFO/Total Liabilities	24.66	16.68	23.71	13.54	13.38	14.16	13.97	15.39	15.87	13.68	14.45	9.41	10.86	10.51	8.32
CFO/CapEx	17.46	9.17	23.79	15.45	20.78	23.14	18.27	13.67	9.28	10.08	17.97	16.94	14.64	14.32	21.32
Altman's Z-Score	7.15	6.94	6.42	4.37	4.58	4.83	4.34	4.68	4.67	4.52	5.21	3.42	3.94	3.93	3.01

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	4.42	4.38	3.88	3.76	3.67	3.37	2.31	2.08	2.5	2.43	3.53	3.46	3.52	2.82	2.56
Days Sales Outstanding	82.49	83.34	94.06	97.04	99.51	108.33	157.69	175.65	146.29	150.14	103.51	105.49	103.83	129.44	142.73
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	2.66	1.51	1.33	1.36	1.36	1.36	1.36	1.26	1.27	1.15	2.01	6.87	5.87	5.78	4.31
Accounts Payable Turnover Days	137.47	241.34	273.55	268.64	269.21	267.43	269.08	289.27	287.27	318.05	181.92	53.15	62.21	63.11	84.75
Cash Conversion Cycle	-54.98	-158.01	-179.49	-171.6	-169.7	-159.1	-111.38	-113.61	-140.99	-167.91	-78.42	52.34	41.62	66.33	57.97
Inventory to Cash Days	82.49	83.34	94.06	97.04	99.51	108.33	157.69	175.65	146.29	150.14	103.51	105.49	103.83	129.44	142.73
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	3,245	3,663	4,566	4,721	4,461	6,285	7,107	7,705	11,120	13,417	19,854	16,134	20,238	29,173	26,779
- Cash & Cash Equivalents	286	220	203	470	443	516	573	439	542	817	693	650	700	675	1,079
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	17	26
+ Total Debt	251	450	480	1,198	1,145	1,074	976	1,507	1,767	2,312	2,246	4,183	4,020	4,060	7,918
Enterprise Value	3,203	3,885	4,833	5,438	5,149	6,828	7,485	8,760	12,332	14,894	21,394	19,655	23,547	32,565	33,644
Total Capital	1,895	2,257	2,487	3,312	3,295	3,434	3,559	4,508	5,117	6,067	6,443	8,790	9,599	10,497	20,491
Total Debt/Capital (%)	13.26	19.94	19.3	36.18	34.75	31.27	27.43	33.43	34.53	38.12	34.86	47.59	41.88	38.68	38.64
Total Debt / EV	0.08	0.12	0.1	0.22	0.22	0.16	0.13	0.17	0.14	0.16	0.1	0.21	0.17	0.12	0.24
EV/Sales	3.18	3.27	3.57	3.47	3.11	3.87	4.03	4.36	5.17	5.72	7.02	5.52	5.61	6.92	5.84
EV/EBITDA	9.36	9.95	10.64	10.44	9.38	11.88	12.92	14.39	17.63	18.53	21.23	17.11	17.29	20.49	18
EV/EBIT	11.65	12.48	13.1	13.03	11.69	14.62	15.89	17.54	21.61	22.27	25.03	20.41	20.37	23.82	22.4
EV/Cash Flow to Firm	13.01	16.89	12.1	13.52	12.7	15.7	15.72	14.66	16.98	19.64	24.91	19.76	20.4	24.51	19.93
EV/Free Cash Flow to Firm	12.33	15.29	11.62	12.73	12.15	15.08	14.96	13.7	15.42	17.96	23.67	18.78	19.25	23.09	19.16
Diluted Market Cap	3,176	3,616	4,478	4,701	4,498	6,182	7,142	7,594	10,842	13,079	19,497	15,875	19,968	28,974	24,946
Diluted Enterprise Value	3,141	3,846	4,755	5,430	5,199	6,740	7,545	8,662	12,066	14,574	21,050	19,408	23,288	32,376	31,811
EV per Share	11.17	13.5	16.62	18.95	18.52	24.37	27.1	31.33	43.78	52.63	75.73	69.4	82.74	113.88	100.13
TTM Sales	1,006	1,189	1,356	1,567	1,657	1,763	1,857	2,010	2,385	2,606	3,048	3,563	4,199	4,705	5,763
TTM EBITDA	342	390	454	521	549	575	579	609	699	804	1,008	1,149	1,362	1,589	1,869
TTM Operating Income	275	311	369	417	441	467	471	499	571	669	855	963	1,156	1,367	1,502
TTM Cash Flow to Firm	246	230	399	402	406	435	476	598	726	758	859	995	1,154	1,329	1,688
TTM Free Cash Flow to Firm	260	254	416	427	424	453	500	639	800	829	904	1,047	1,223	1,411	1,756

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	12.64	14.8	11.04	11.47	11.24	14.42	15.32	12.47	14.43	16.69	22.84	17.02	18.51	23.07	16.43
EV/EBIT	11.65	12.48	13.1	13.03	11.69	14.62	15.89	17.54	21.61	22.27	25.03	20.41	20.37	23.82	22.4
Enterprise Value	3,203	3,885	4,833	5,438	5,149	6,828	7,485	8,760	12,332	14,894	21,394	19,655	23,547	32,565	33,644
Low Price	8.39	10.93	12.66	13.89	14.84	14.21	20.55	24.34	26.23	30.7	42.72	52.91	52.82	69.24	76.17
EV/Sales	3.18	3.27	3.57	3.47	3.11	3.87	4.03	4.36	5.17	5.72	7.02	5.52	5.61	6.92	5.84
EV/EBITDA	9.36	9.95	10.64	10.44	9.38	11.88	12.92	14.39	17.63	18.53	21.23	17.11	17.29	20.49	18
Price/Earnings	19.13	19.28	20.4	22.41	18.18	23.72	17.55	21.69	26.99	27.07	33.04	23.53	22.83	28.97	23.44
Price/Earnings Average	19.54	19.24	20.32	21.22	18.38	19.22	15.45	21.92	22.88	24.49	25.62	25.79	21.19	26.56	29.7
Price/Earnings High	22.88	21.34	22.83	22.79	19.6	24.12	17.88	24.84	27.62	27.8	33.26	30.56	24.48	32.42	36.96
Price/Earnings Low	14.18	16.55	16.45	18.92	16.81	15.03	14.02	19.16	17.93	17.53	20.08	21.85	16.96	19.66	22.4
Price/Book Value	1.97	2.03	2.27	2.23	2.08	2.66	2.75	2.57	3.32	3.57	4.73	3.5	3.63	4.54	2.13
Price/Book Value Average	2.02	2.02	2.27	2.11	2.1	2.16	2.42	2.59	2.81	3.23	3.67	3.84	3.37	4.17	2.7
Price/Book Value High	2.36	2.24	2.55	2.27	2.24	2.71	2.8	2.94	3.4	3.67	4.76	4.55	3.89	5.08	3.37
Price/Book Value Low	1.46	1.74	1.83	1.89	1.92	1.69	2.2	2.27	2.21	2.31	2.88	3.25	2.69	3.08	2.04
Price/Tangible Book Value	-18.47	-7.78	-7.39	-4.17	-3.78	-6.15	-9.18	-5.79	-8.47	-7.93	-12.24	-4.4	-5.98	-8.67	-3.6
Price/Tangible Book Value Average	-18.86	-7.77	-7.36	-3.95	-3.82	-4.98	-8.08	-5.85	-7.18	-7.18	-9.5	-4.83	-5.55	-7.95	-4.56
Price/Tangible Book Value High	-22.1	-8.61	-8.27	-4.24	-4.07	-6.25	-9.35	-6.63	-8.67	-8.15	-12.33	-5.72	-6.41	-9.7	-5.67
Price/Tangible Book Value Low	-13.69	-6.68	-5.96	-3.52	-3.49	-3.89	-7.33	-5.11	-5.63	-5.14	-7.44	-4.09	-4.44	-5.89	-3.44
Price/Sales	3.12	2.98	3.27	2.96	2.67	3.46	3.78	3.72	4.51	4.99	6.37	4.44	4.74	6.11	4.29
Price/Sales Average	3.19	2.98	3.25	2.8	2.7	2.81	3.33	3.76	3.82	4.51	4.94	4.86	4.4	5.61	5.43
Price/Sales High	3.73	3.3	3.66	3.01	2.88	3.52	3.85	4.25	4.62	5.13	6.41	5.76	5.08	6.84	6.76
Price/Sales Low	2.31	2.56	2.63	2.5	2.47	2.19	3.02	3.28	3	3.23	3.87	4.12	3.52	4.15	4.1
Price/Cash Flow	13.21	16.11	11.37	12.04	11.59	14.86	15.87	13.16	15.86	18.24	23.98	17.95	19.69	24.51	17.04
Price/Cash Flow Average	13.49	16.07	11.33	11.4	11.71	12.04	13.97	13.3	13.44	16.5	18.6	19.67	18.27	22.47	21.59
Price/Cash Flow High	15.8	17.83	12.73	12.25	12.49	15.11	16.16	15.06	16.23	18.73	24.15	23.31	21.11	27.42	26.87
Price/Cash Flow Low	9.79	13.83	9.17	10.17	10.71	9.41	12.67	11.62	10.54	11.81	14.58	16.67	14.62	16.63	16.28
Price/Free Cash Flow Average	12.91	14.77	10.99	10.86	11.36	11.68	13.49	12.6	12.23	15.1	17.71	18.65	17.18	21.15	20.82
Price/Free Cash Flow High	15.12	16.38	12.35	11.66	12.11	14.66	15.61	14.27	14.77	17.14	22.99	22.1	19.84	25.81	25.91
Price/Free Cash Flow Low	9.37	12.7	8.9	9.68	10.39	9.13	12.24	11.01	9.59	10.81	13.88	15.8	13.75	15.66	15.71
EV/Sales Average	3.26	3.27	3.56	3.32	3.15	3.21	3.59	4.41	4.47	5.23	5.56	5.96	5.26	6.41	7.08
EV/Sales High	3.82	3.6	3.97	3.53	3.33	3.94	4.11	4.92	5.28	5.86	7.07	6.87	5.96	7.66	8.52
EV/Sales Low	2.36	2.84	2.92	3.01	2.91	2.58	3.27	3.92	3.61	3.91	4.47	5.2	4.37	4.93	5.63
EV/EBITDA Average	9.59	9.96	10.62	9.98	9.49	9.84	11.5	14.54	15.22	16.96	16.82	18.47	16.23	18.97	21.83
EV/EBITDA High	11.25	10.98	11.86	10.61	10.04	12.09	13.2	16.24	18.02	19.01	21.38	21.31	18.37	22.68	26.27
EV/EBITDA Low	6.93	8.65	8.72	9.05	8.79	7.9	10.5	12.93	12.31	12.67	13.52	16.12	13.47	14.6	17.37
EV/EBIT Average	11.93	12.48	13.08	12.46	11.83	12.1	14.14	17.73	18.66	20.38	19.83	22.03	19.12	22.06	27.16
EV/EBIT High	14	13.76	14.61	13.25	12.51	14.88	16.23	19.8	22.08	22.84	25.2	25.43	21.64	26.37	32.69
EV/EBIT Low	8.62	10.84	10.73	11.3	10.95	9.72	12.91	15.76	15.09	15.22	15.94	19.23	15.88	16.97	21.61
Last Price	11.32	12.73	15.7	16.45	16.05	22.43	25.73	27.56	39.48	47.41	70.28	56.97	71.11	102.02	79.7
High Price	13.54	14.09	17.57	16.73	17.3	22.81	26.21	31.55	40.4	48.69	70.75	74	76.25	114.15	125.68
Enterprise Value Average	3,279	3,886	4,825	5,198	5,211	5,652	6,661	8,854	10,650	13,633	16,950	21,218	22,107	30,150	40,799
Enterprise Value High	3,847	4,285	5,387	5,529	5,510	6,950	7,642	9,889	12,603	15,274	21,540	24,490	25,021	36,044	49,093
Enterprise Value Low	2,370	3,375	3,959	4,714	4,826	4,540	6,079	7,873	8,612	10,183	13,621	18,517	18,353	23,202	32,458

Shares Outstanding	287	288	291	287	278	280	276	280	282	283	282	283	285	286	336
Diluted Weighted Avg Shares	281	284	285	286	280	276	278	276	275	276	277	279	281	284	313
Basic Weighted Avg Shares	277	279	282	282	276	272	273	271	272	274	276	278	280	282	310
Revenue per Share	3.63	4.27	4.81	5.56	6.01	6.47	6.81	7.42	8.75	9.5	11.04	12.84	15.02	16.68	18.59
EBITDA per Share	1.23	1.4	1.61	1.85	1.99	2.11	2.12	2.25	2.57	2.93	3.65	4.14	4.87	5.63	6.03
Operating Income per Share	0.99	1.12	1.31	1.48	1.6	1.72	1.73	1.84	2.09	2.44	3.1	3.47	4.13	4.85	4.85
Basic EPS, GAAP	0.59	0.66	0.77	0.73	0.88	0.95	1.47	1.27	1.46	1.75	2.13	2.42	3.12	3.52	3.4
Basic EPS from Cont Ops	0.59	0.66	0.77	0.73	0.88	0.95	1.47	1.27	1.46	1.75	2.13	2.42	3.12	3.55	3.44
Diluted EPS, GAAP	0.58	0.65	0.76	0.72	0.87	0.93	1.44	1.25	1.45	1.74	2.12	2.41	3.1	3.5	3.37
Diluted EPS from Cont Ops	0.58	0.65	0.76	0.72	0.87	0.93	1.44	1.25	1.45	1.74	2.12	2.41	3.1	3.53	3.41
Dividend per Share	0.17	0.18	0.19	0.21	0.23	0.26	0.29	0.31	0.34	0.37	0.39	0.43	0.48	0.55	0.62
Cash Flow per Share	0.86	0.79	1.38	1.37	1.39	1.51	1.62	2.09	2.49	2.6	2.93	3.17	3.61	4.16	4.68
Free Cash Flow per Basic Share	0.81	0.7	1.32	1.28	1.32	1.44	1.53	1.94	2.22	2.34	2.77	2.99	3.37	3.87	4.46
Cash & Equivalents per Share	1.03	0.79	0.73	1.68	1.64	1.89	2.17	1.62	1.97	2.95	2.5	2.34	2.5	2.4	3.21
Book Value per Share	5.73	6.28	6.9	7.37	7.73	8.42	9.35	10.73	11.89	13.27	14.86	16.27	19.6	22.45	37.34
Tangible Book Value per Share	-0.61	-1.64	-2.12	-3.94	-4.25	-3.65	-2.8	-4.76	-4.66	-5.98	-5.74	-12.93	-11.89	-11.76	-22.16

Brown & Brown, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)