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Financials · S&P 500 · data as of 2026-10-05

BRO stock analysis: Brown & Brown

Brown & Brown (BRO) is an S&P 500 company in Insurance Brokers. It grades weakest on profitability, value and momentum.

The model's view of BRO · subscribers

Where BRO ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with BRO · updated 2026-10-05 · from prices and SEC filings

BRO price performance

BRO against the S&P 500, one year
-40%-20%+0%+20%S&P 500 +18%BRO -34%2025-09-292026-10-05
Year to date-23.0%S&P 500 +14.5% · behind by 37.5 pts
1 year-35.2%S&P 500 +17.0% · behind by 52.2 pts
3 years-12.0%S&P 500 +89.3% · behind by 101.3 pts
5 years+8.6%S&P 500 +91.3% · behind by 82.7 pts

Total returns with dividends reinvested.

BRO factor grades

Each grade compares BRO with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

D+ValueP/E 19.2x (industry 19.2x)FCF yield 7.1% (industry 5.7%)
CGrowthRevenue growth +34% (industry +7%)EPS growth -9% (industry -2%)
C-Profitability
D-Momentum12-month change -35%From 52-wk high -36%

BRO in plain numbers

BRO key statistics

SectorFinancials
IndustryInsurance Brokers
IndexS&P 500
Market value$20.4B
Revenue growth (y/y)+34%
Free-cash-flow yield7.1%
Dividend yield1.1%
Next earnings (expected)2026-10-26
Valuation measures
Market value$20.4B
Enterprise value$27.2B
P/E (trailing)19.2x
Forward P/E (Torvanta estimate)18.2x
PEG (Torvanta estimate)3.32
Price / sales3.0x
Price / book1.6x
EV / revenue4.0x
Financial highlights
Revenue, last 12 months$6.8B
Net income, last 12 months$1.2B
EPS, last 12 months (GAAP)$3.17
Net margin17.7%
Return on equity9.9%
Cash$918.0M
Total debt$7.8B
Debt / equity0.62x
Free cash flow, last 12 months$1.4B
Current ratio1.13x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

BRO earnings trends

Revenue vs earnings
$0$475.2M$1.0B$1.4B$1.9BSep 2024 Revenue: $1.2BDec 2024 Revenue: $1.2BMar 2025 Revenue: $1.4BJun 2025 Revenue: $1.3BSep 2025 Revenue: $1.6BDec 2025 Revenue: $1.6BMar 2026 Revenue: $1.9BJun 2026 Revenue: $1.7BSep 2024 Net income: $234.0MDec 2024 Net income: $210.0MMar 2025 Net income: $331.0MJun 2025 Net income: $231.0MSep 2025 Net income: $227.0MDec 2025 Net income: $264.0MMar 2026 Net income: $426.0MJun 2026 Net income: $288.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 19.7%Net margin: 17.8%Net margin: 23.6%Net margin: 18.0%Net margin: 14.1%Net margin: 16.4%Net margin: 22.4%Net margin: 17.2%0%12%24%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.3$0.6$0.9$1.2Sep 2024 EPS (GAAP, diluted): $0.8Dec 2024 EPS (GAAP, diluted): $0.7Mar 2025 EPS (GAAP, diluted): $1.2Jun 2025 EPS (GAAP, diluted): $0.8Sep 2025 EPS (GAAP, diluted): $0.7Dec 2025 EPS (GAAP, diluted): $0.6Mar 2026 EPS (GAAP, diluted): $1.1Jun 2026 EPS (GAAP, diluted): $0.8Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -16% · Dec 2025 -19% · Mar 2026 -8% · Jun 2026 +8%

From the company's 10-Q and 10-K filings with the SEC.

Brown & Brown financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$3.1B$3.6B$4.3B$4.8B$5.9B
Net income$587.1M$671.8M$870.5M$1.0B$1.1B
EPS (GAAP)$2.07$2.37$3.06$3.46$3.20
Free cash flow$897.4M$828.8M$940.1M$1.1B$1.4B

BRO earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-27$0.84+8%+30%+8.6%
2026-04-27$1.06-8%+35%-3.9%
2026-01-26$0.59-19%+36%-7.3%
2025-10-27$0.68-16%+35%-7.8%
2025-08-22$0.78-13%+9%-0.8%
2025-07-28$0.78-13%+9%-10.8%

About Brown & Brown

HeadquartersDaytona Beach, FL
Industry (SEC code)Insurance Agents, Brokers & Service
Fiscal year endsJanuary 19
Incorporated inFL
Listed onNYSE
FormerlyBROWN & BROWN, INC, BROWN & BROWN INC, POE & BROWN INC

From the company's SEC registration record.

Companies similar to BRO

CompanyMarket valueP/ERevenue growthOperating margin12-month change
BRO Brown & Brown$20.4B19.2x+34%n/a-35%
WTW Willis Towers Watson$26.8B17.8x+3%22.2%-16%compare
AON Aon$57.7B15.0x+5%26.5%-25%compare
AJG Arthur J. Gallagher$58.2B37.7x+26%n/a-26%compare
MRSH Marsh McLennan$81.3B20.8x+8%21.6%-13%
ERIE Erie Indemnityn/an/a+4%17.9%-29%

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Frequently asked questions

Is BRO stock a buy?

Torvanta does not tell individuals what to buy. Its grades for BRO are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is BRO's P/E ratio?

BRO trades at about 19.2 times its last 12 months of GAAP earnings reported to the SEC, and about 18.2 times Torvanta's own estimate of the next 12 months.

When does BRO report earnings next?

Based on its filing history, Torvanta expects Brown & Brown to report around 2026-10-26.

Does BRO pay a dividend?

Yes. Its dividend yield is about 1.1%, and it has raised its dividend 27 years in a row.

How has BRO performed against the S&P 500?

Over the past year BRO returned -35.2%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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