Brown & Brown, Inc. Financial Ratios — BTW 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 (%)	9.2	9.01	9.37	7.56	8.02	8.3	11.79	9.2	9.17	9.3	10.14	10.21	10.56	10.75	7.45
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 (%)	34.22	32.71	33.32	29.58	32.99	32.15	30.8	30.25	29.81	31.1	32.05	33.68	35.34	34.56	32.12
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	1.16	1.06	2.58	2.09	1.89	1.71	2.48	2.49	2.85	2.3	3.49	2.71	2.5	4.28
Net Debt/EBITDA	-0.1	0.59	0.61	1.57	1.28	0.98	0.7	1.76	1.43	1.58	1.36	2.74	2.09	1.94	3.53
Total Debt/EBIT	0.91	1.45	1.31	3.33	2.61	2.34	2.1	3.02	3.03	3.42	2.73	4.13	3.15	2.89	5.34
Net Debt/EBIT	-0.13	0.74	0.76	2.02	1.6	1.22	0.87	2.14	1.74	1.89	1.61	3.25	2.42	2.24	4.4
EBITDA to Interest Expense	24.36	24.16	27.48	16.32	13.93	14.36	14.93	14.98	11.17	13.74	15.03	8.11	7.81	8.09	6.05
EBITDA-CapEx/Interest Expense	23.39	22.67	26.48	15.44	13.46	13.91	14.3	13.96	10.02	12.54	14.34	7.76	7.45	7.68	5.83
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	344	389	452	464	547	567	572	608	711	811	977	1,200	1,484	1,626	1,851
EBITDA-CapEx	331	365	435	439	528	549	548	567	638	740	932	1,148	1,415	1,544	1,783
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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- 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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	344	389	452	464	547	567	572	608	711	811	977	1,200	1,484	1,626	1,851
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	232	206	383	377	387	417	452	556	653	688	814	943	1,085	1,247	1,620

Multiples (USD)

Valuation Multiples API ChatGPT

No data availableFinancial data will appear here once available

Per Share Data Items (USD)

Per-Share Data 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

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	1.24	1.4	1.6	1.64	1.98	2.08	2.1	2.24	2.61	2.95	3.54	4.32	5.31	5.77	5.97
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