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Overview

BROWN & BROWN, INC.

BRONYSEFinancialsInsurance Agents, Brokers & ServiceCIK 0000079282Large-cap benchmark

Latest 10-K: FY2025, filed Feb 12, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$5.90B
22.8%YoYup from FY2024
TotalRevenue
Gross profit
Not reported
Net income
$1.05B
6.1%YoYup from FY2024
NetIncome
Diluted EPS
$3.16
8.7%YoYdown from FY2024
EPSDiluted
Diluted shares
313.0M
10.2%YoYup from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • BROWN & BROWN, INC. reported revenue of $5.90B for fiscal 2025, up 22.8% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 5 of the last 5 fiscal years.

Profitability

  • Net margin was 17.9%, against a median of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was $3.16, down 8.7% from the prior year.
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Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$5.90B22.8%up
Benchmark median 6.4%
$4.80B12.9%up
Benchmark median 4.5%
$4.26B19.1%up
Benchmark median 4.8%
$3.57B17.1%up
Benchmark median 10.3%
$3.05B16.8%up
Benchmark median 13.8%
17.9%
Benchmark median 6.6%
Gross Profit
Median of 315 / 498
—
—
—
—
—
—
Benchmark median 6.2%
Operating Income
Median of 373 / 498
—
—
—
—
—
—
Benchmark median 7.2%
Net Income
$1.05B6.1%up
Benchmark median 4.8%
$0.99B14.0%up
Benchmark median 5.7%
$0.87B29.6%up
Benchmark median 1.9%
$0.67B14.5%up
Benchmark median 1.3%
$0.59B22.2%up
Benchmark median 33.9%
15.8%
Benchmark median 4.1%
EPS (Diluted)
$3.168.7%down
Benchmark median 6.2%
$3.4613.4%up
Benchmark median 7.9%
$3.0528.7%up
Benchmark median 1.9%
$2.3714.5%up
Benchmark median 1.5%
$2.0722.5%up
Benchmark median 34.8%
11.2%
Benchmark median 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$29.99B70.3%up
Benchmark median 5.6%
$17.61B18.3%up
Benchmark median 3.4%
$14.88B6.5%up
Benchmark median 4.1%
$13.97B42.7%up
Benchmark median 2.2%
$9.80B9.2%up
Benchmark median 6.7%
32.3%
Benchmark median 4.7%
Total Liabilities
Median of 357 / 498
—
—
—
—
—
—
Benchmark median 4.4%
Stockholders' Equity
$12.57B95.3%up
Benchmark median 6.8%
$6.44B15.4%up
Benchmark median 5.4%
$5.58B21.1%up
Benchmark median 7.3%
$4.61B9.7%up
Benchmark median 2.5%
$4.20B11.8%up
Benchmark median 9.0%
31.6%
Benchmark median 6.1%
Cash & Equivalents
$1.08B59.9%up
Benchmark median 5.2%
$0.68B3.6%down
Benchmark median 1.9%
$0.70B7.7%up
Benchmark median 6.7%
$0.65B6.2%down
Benchmark median -8.6%
$0.69B5.6%up
Benchmark median -2.9%
11.7%
Benchmark median 2.0%
Total Debt
$7.61B99.1%up
Benchmark median 2.1%
$3.82B0.7%up
Benchmark median 0.2%
$3.80B3.7%down
Benchmark median 0.3%
$3.94B94.9%up
Benchmark median 0.1%
$2.02B3.5%down
Benchmark median -0.1%
39.3%
Benchmark median 4.3%

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$1.45B23.5%up
Benchmark median 6.3%
$1.17B16.2%up
Benchmark median 4.8%
$1.01B14.6%up
Benchmark median 9.9%
$0.88B8.9%up
Benchmark median -0.7%
$0.81B13.4%up
Benchmark median 10.7%
15.7%
Benchmark median 7.0%
Capital Expenditures
$68.00M17.1%down
Benchmark median 5.4%
$82.00M18.8%up
Benchmark median 2.8%
$69.00M32.7%up
Benchmark median 11.3%
$52.00M15.6%up
Benchmark median 14.0%
$45.00M36.4%down
Benchmark median 8.1%
10.9%
Benchmark median 9.0%
Free Cash Flow
Median of 378 / 498
$1.38B26.6%up
Benchmark median 7.3%
$1.09B16.0%up
Benchmark median 6.1%
$0.94B13.5%up
Benchmark median 8.8%
$0.83B8.5%up
Benchmark median -11.3%
$0.76B18.9%up
Benchmark median 10.2%
16.0%
Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

4.0%

Wall Street

on net earnings

FY2024 3.4%

5.5%

Value investor

on free cash flow

FY2024 3.8%

Gap +1.5 pts: Value-investor figure 1.5 points higher

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 25.2×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

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Smart money

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Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Peers, filings & research

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Research Reports

No published research on BRO yet.

Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on BRO and publish the result to your public profile.

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Cite this page

Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/BRO

APA-style text
Valuein. (2026, October 31). BROWN & BROWN, INC. (BRO) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/BRO
BibTeX
@misc{valuein_bro_2026,
  author = {{Valuein}},
  title = {BROWN \& BROWN, INC. (BRO) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/BRO}},
  note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 12, 2026 · accession 0001193125-26-046984

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

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