Stocks · Financial Services · Insurance - Brokers
Brown & Brown, Inc. BRO
$59.91 -3.01% Close, Oct 2, 2026 · NYSE · Market cap $20.05B
Strong growthWeak trend
Next earnings report: Oct 26, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The diluted share count rose 15.7% in a year.
- At 17.7× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
- Revenue over the last four quarters was $6.85B, up 39.6% from a year earlier, accelerating from 33.5% a quarter earlier.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth81Strong
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 10%
- EPS growth (TTM, YoY)Bottom 28%
- FCF growth (TTM, YoY)Bottom 50%
- Revenue growth, 3-year CAGRTop 36%
- Revenue growth accelerationTop 15%
Quality72Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 23%
- Gross marginBottom 36%
- Operating marginTop 32%
- Cash conversion (OCF / net income)Top 43%
- Accruals (lower is better)Top 32%
- Net debt / EBITDA (lower is better)Bottom 36%
- Interest coverTop 17%
Value67Positive
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 45%
- Free-cash-flow yieldBottom 47%
- EBITDA / enterprise valueTop 35%
- Sales / enterprise valueBottom 36%
- P/E vs own 5-year history (lower is better)Top 3%
Momentum8Very weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 9%
- 6-month returnBottom 10%
- 1-year return vs S&P 500Bottom 8%
- Distance from 52-week highBottom 11%
- Trend checklist (0–4)Bottom 27%
Revisions29Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 45%
- Consecutive EPS beatsBottom 17%
- Share of analysts rating BuyBottom 26%
- Upside to consensus price targetTop 34%
Stability28Very weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 24%
- Maximum drawdown, 3 yearsBottom 14%
- Beta vs S&P 500 (lower is better)Top 29%
- Net debt / EBITDA (lower is better)Bottom 36%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 33.5% | 39.6% | ↑ |
| EPS growth (YoY) | -8.1% | -2.9% | ↑ |
| Gross margin | 48.8% | 59.0% | ↑ |
| Operating margin | 28.2% | 28.5% | ↑ |
| FCF margin | 25.7% | 21.8% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 39.6% | 33.5% | ↑ | Top 10% |
| EPS growth (TTM, YoY) | -2.9% | -8.1% | ↑ | Bottom 28% |
| Gross margin | 59.0% | 48.8% | ↑ | Bottom 36% |
| Operating margin | 28.5% | 28.2% | ↑ | Top 32% |
| Net margin | 17.6% | 20.5% | ↓ | — |
| Free-cash-flow margin | 21.8% | 25.7% | ↓ | — |
| Return on invested capital | 6.8% | — | Top 23% | |
| Revenue growth, 3-year CAGR | 18.7% | — | Top 36% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.26×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -1.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- -0.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -19.7 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 2.92×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 6.5×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.10%
- Net buyback yield (TTM)
- 24.20%
- Shareholder yield
- 25.30%
- Share count change, 1 year
- +15.7%
- Share count change, 3-year CAGR
- +6.5%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 27, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +3.8%
- Average 2-day reaction, last 8
- +0.5%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $72.50
- Target vs current price
- +21.0%
- Analysts with a rating
- 31
- Share rating Buy or Strong Buy
- 32%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 27, 2026 | -0.9% | +3.0% | +4.0% | +7.8% | — |
| Apr 27, 2026 | +2.2% | +0.3% | -12.5% | -12.3% | -0.8% |
| Jan 26, 2026 | +2.8% | +0.6% | -8.9% | -12.7% | -12.9% |
| Oct 27, 2025 | +11.2% | -0.3% | -9.4% | -8.7% | -10.7% |
| Jul 28, 2025 | +4.5% | -0.8% | -10.8% | -6.5% | -15.3% |
| Apr 28, 2025 | +0.0% | +0.4% | -3.4% | -3.2% | -9.8% |
| Jan 27, 2025 | +12.1% | +1.7% | -1.3% | +6.2% | +10.9% |
| Oct 28, 2024 | +3.4% | -0.6% | +0.2% | +7.8% | +1.9% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 27, 2026 | $1.07 | $1.08 | -0.9% | $1.68B |
| Apr 27, 2026 | $1.39 | $1.36 | +2.2% | $1.90B |
| Jan 26, 2026 | $0.93 | $0.91 | +2.8% | $1.61B |
| Oct 27, 2025 | $1.05 | $0.94 | +11.2% | $1.61B |
| Jul 28, 2025 | $1.03 | $0.99 | +4.5% | $1.25B |
| Apr 28, 2025 | $1.29 | $1.29 | +0.0% | $1.39B |
| Jan 27, 2025 | $0.86 | $0.77 | +12.1% | $1.09B |
| Oct 28, 2024 | $0.91 | $0.88 | +3.4% | $1.19B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 17.7× | 26.8× | 0th | Bottom 45% |
| P/E (forward) | 13.3× | — | — | — |
| EV / EBITDA | 11.2× | — | — | Top 35% |
| EV / Sales | 3.96× | — | — | Bottom 36% |
| Free-cash-flow yield | 7.45% | — | — | Bottom 47% |
| Earnings yield | 5.64% | — | — | Bottom 45% |
P/E over the past five years
Range 20.0× – 32.0× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -35.4%
- Earnings per share growth (TTM)
- -2.9%
- Change in P/E multiple
- -30.1%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -1.7%
- 200-day average slope (20 days)
- -2.2%
- Distance from 50-day average
- -12.7%
- Distance from 200-day average
- -11.8%
- RSI (14)
- 30.5
- Relative volume
- 1.10×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 32.5%
- Volatility vs own 5-year history
- 84th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.37
- Correlation with S&P 500
- 0.21
- Current drawdown from 1-year high
- -37.6%
- Maximum drawdown, 3 years
- -56.3%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 3, 2025 | May 13, 2026 | -56.3% | 278 days | Not yet recovered |
| Apr 7, 2022 | Jun 16, 2022 | -27.4% | 48 days | 301 days (Aug 29, 2023) |
| Dec 31, 2021 | Mar 8, 2022 | -13.0% | 45 days | 13 days (Mar 25, 2022) |
| Nov 26, 2024 | Jan 2, 2025 | -11.4% | 24 days | 35 days (Feb 25, 2025) |
| Oct 12, 2020 | Feb 1, 2021 | -11.1% | 76 days | 49 days (Apr 13, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $20.05B
- P/E (TTM)
- 17.7
- EPS, diluted (TTM)
- $3.38
- Revenue (TTM)
- $6.85B
- Dividend yield
- 1.10%
- 52-week range
- $53.81 – $96.55
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $3.05B | $3.56B | $4.20B | $4.71B | $5.96B |
| Gross profit | $1.41B | $1.75B | $2.01B | $2.30B | $5.22B |
| Operating income | $854.7M | $963.0M | $1.16B | $1.37B | $1.70B |
| Net income | $587.1M | $671.8M | $870.5M | $993.0M | $1.05B |
| EPS (diluted) | $2.07 | $2.37 | $3.05 | $3.46 | $3.16 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.19B | $1.09B | $1.39B | $1.25B | $1.61B | $1.67B | $1.90B | $1.68B |
| Net income | $234.0M | $210.0M | $331.0M | $231.0M | $227.0M | $264.0M | $426.0M | $288.0M |
| EPS (diluted) | $0.82 | $0.73 | $1.15 | $0.78 | $0.68 | $0.59 | $1.26 | $0.85 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $808.8M | $881.0M | $1.01B | $1.17B | $1.45B |
| Capital expenditure | -$45.0M | -$52.0M | -$69.0M | -$82.0M | -$68.0M |
| Free cash flow | $763.8M | $829.0M | $941.0M | $1.09B | $1.38B |
| Dividends paid | -$107.2M | -$120.0M | -$135.0M | -$154.0M | -$194.0M |
| Net share buybacks | -$132.4M | -$123.0M | -$40.0M | -$55.0M | -$52.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $918.0M
- Total assets
- $29.89B
- Total liabilities
- $17.28B
- Total debt
- $8.01B
- Net debt
- $7.09B
- Shareholders’ equity
- $12.58B
As of Jun 30, 2026 (filed Jul 27, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 12, 2026 | $0.17 | Aug 19, 2026 |
| May 11, 2026 | $0.17 | May 20, 2026 |
| Feb 4, 2026 | $0.17 | Feb 11, 2026 |
| Nov 5, 2025 | $0.17 | Nov 12, 2025 |
| Aug 13, 2025 | $0.15 | Aug 20, 2025 |
| May 12, 2025 | $0.15 | May 21, 2025 |
| Feb 5, 2025 | $0.15 | Feb 12, 2025 |
| Nov 6, 2024 | $0.15 | Nov 13, 2024 |
Short interest
- Shares sold short
- 13,754,997
- Days to cover
- 7.68
- Change vs previous report
- -1.0%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 29, 2018
- 2-for-1
- Nov 29, 2005
- 2-for-1
- Nov 23, 2001
- 2-for-1
- Aug 24, 2000
- 2-for-1
- Mar 2, 1998
- 3-for-2