BRO
Brown & Brown Inc
NYSE: BRO · FINANCIAL SERVICES · INSURANCE BROKERS
$61.64
-2.38% today
Updated 2026-04-29
Market cap
$20.89B
P/E ratio
20.08
P/S ratio
3.34x
EPS (TTM)
$3.07
Dividend yield
1.00%
52W range
$62 – $113
Volume
3.1M
Brown & Brown Inc (BRO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $878.00M | $959.67M | $977.55M | $967.88M | $966.92M | $1.01B | $1.19B | $1.36B | $1.57B | $1.66B | $1.76B | $1.86B | $2.01B | $2.38B | $2.61B | $3.05B | $3.57B | $4.26B | $4.71B | $5.96B |
| Revenue growth (YoY) | — | +9.3% | +1.9% | -1.0% | -0.1% | +4.0% | +18.2% | +14.0% | +15.6% | +5.7% | +6.4% | +5.4% | +8.2% | +18.7% | +9.3% | +16.9% | +17.3% | +19.1% | +10.5% | +26.6% |
| Cost of revenue | $531.38M | $575.47M | $623.13M | $628.07M | $487.82M | $508.68M | $608.51M | $683.00M | $811.11M | $856.95M | $925.22M | $994.65M | $1.07B | $1.31B | $1.44B | $1.64B | $1.82B | $2.84B | $2.41B | $734.00M |
| Gross profit | $878.00M | $959.67M | $977.55M | $967.88M | $479.10M | $497.29M | $580.58M | $672.50M | $756.35M | $800.00M | $837.57M | $862.62M | $940.94M | $1.08B | $1.17B | $1.41B | $1.76B | $1.42B | $2.30B | $5.22B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 49.5% | 49.4% | 48.8% | 49.6% | 48.3% | 48.3% | 47.5% | 46.4% | 46.8% | 45.1% | 44.9% | 46.3% | 49.2% | 33.4% | 48.9% | 87.7% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $410.31M | $449.77M | $493.10M | $492.04M | $6.84M | $11.19M | $15.87M | $22.60M | $19.30M | $15.50M | $1.20B | $1.31B | $1.43B | $1.68B | $1.80B | $2.08B | $1.82B | $2.19B | $2.41B | $2.94B |
| Operating income | $293.40M | $325.33M | $287.19M | $269.35M | $272.32M | $274.87M | $311.38M | $368.81M | $417.18M | $440.63M | $467.03M | $471.00M | $499.45M | $570.77M | $673.40M | $857.50M | $973.90M | $1.15B | $1.37B | $1.70B |
| Operating margin | 33.4% | 33.9% | 29.4% | 27.8% | 28.2% | 27.3% | 26.2% | 27.2% | 26.6% | 26.6% | 26.5% | 25.4% | 24.8% | 23.9% | 25.8% | 28.1% | 27.3% | 26.9% | 29.1% | 28.5% |
| EBITDA | $341.20M | $378.53M | $347.11M | $332.45M | $344.65M | $351.80M | $399.85M | $459.47M | $471.99M | $550.12M | $570.65M | $596.18M | $612.42M | $718.30M | $808.20M | $1.01B | $1.16B | $1.15B | $1.73B | $2.04B |
| EBITDA margin | 38.9% | 39.4% | 35.5% | 34.3% | 35.6% | 35.0% | 33.6% | 33.9% | 30.1% | 33.2% | 32.4% | 32.1% | 30.5% | 30.1% | 31.0% | 33.2% | 32.5% | 26.9% | 36.7% | 34.2% |
| EBIT | $293.40M | $325.33M | $287.19M | $269.35M | $280.57M | $284.65M | $320.91M | $374.05M | $368.16M | $441.81M | $462.98M | $488.04M | $503.04M | $589.59M | $673.84M | $919.74M | $1.05B | $1.28B | $1.50B | $1.67B |
| Interest expense | $13.36M | $13.80M | $14.69M | $14.60M | $14.47M | $14.13M | $16.10M | $16.44M | $28.41M | $39.25M | $39.48M | $38.32M | $40.58M | $63.66M | $59.00M | $65.00M | $141.20M | $195.40M | $201.00M | $297.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $172.35M | $190.96M | $166.12M | $153.29M | $161.75M | $164.00M | $184.04M | $217.11M | $206.90M | $243.32M | $257.49M | $399.63M | $344.25M | $398.51M | $480.50M | $587.10M | $671.80M | $870.50M | $993.00M | $1.05B |
| Net income growth (YoY) | — | +10.8% | -13.0% | -7.7% | +5.5% | +1.4% | +12.2% | +18.0% | -4.7% | +17.6% | +5.8% | +55.2% | -13.9% | +15.8% | +20.6% | +22.2% | +14.4% | +29.6% | +14.1% | +6.1% |
| Profit margin | 19.6% | 19.9% | 17.0% | 15.8% | 16.7% | 16.3% | 15.5% | 16.0% | 13.2% | 14.7% | 14.6% | 21.5% | 17.1% | 16.7% | 18.4% | 19.3% | 18.8% | 20.4% | 21.1% | 17.7% |