BRO

Brown & Brown, Inc.

$70.90

+2.43% 2026-10-20

FinancialsS&P 500

1M 3M 6M 1Y 2Y

BROSPY

+10.7%

+9.0%

+6.6%

+3.4%

YTD

-10.4%

-18.2%

Live chart

Loading live chart…

Grades vs sector

Momentum

9th pct in sector

D-

12-1 return: -22.9%
Percentile within its GICS sector across the S&P 1500.

Growth

88th pct in sector

A-

Revenue growth (YoY): +32.4%
Percentile within its GICS sector across the S&P 1500.

Value

37th pct in sector

C-

Forward E/P: 7.0% · EBITDA/EV: 9.5%
Percentile within its GICS sector across the S&P 1500.

Profitability

36th pct in sector

C-

Profit margin: +18.1% · Return on equity: +10.0%
Percentile within its GICS sector across the S&P 1500.

Revisions

Not enough data yet

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth

not ranked (outside this model's universe or screens)

Momentum Top 15

rank 456 of 499 · 12-1 momentum % -22.3

Momentum Blend

not in the current book

New Highs Growth

not ranked (outside this model's universe or screens)

Conviction 20

not in the current book

News

More news

Brown & Brown shares may move 1.8% on earnings release

Investing.com · Oct 19

Key stats

Market cap$23.7B

P/E (trailing)22.4

P/E (forward)14.7

52-week range53.81 – 90.46

Revenue growth (YoY, latest qtr)+32.4%

Dividend yield0.95%

Analyst consensusHold (18)

Mean price target$74.67 (+5%)

Valuation and fundamentals

Valuation & fundamentals

Bottom line

Roughly fairly valued

Model read-out from the numbers below, not advice. Score +0 (DCF counts double).

▲DCF (base case)above the price by 352%

▼Forward P/E vs sector14.7x vs median 10.2x

▼Piotroski F-score3/9

•Analyst target+5% (18 analysts)

Discounted cash flow

Bear

$128

+81%

growth 15% · disc. 8.2% · term. 2.0%

Base

$321

+352%

growth 25% · disc. 7.2% · term. 2.5%

Bull

$690

+873%

growth 32% · disc. 6.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 2% a year for 10 years.

Implied

+2%/yr

FCF, last 3 yrs

+19%/yr

FCF, last 5 yrs

+17%/yr

Revenue, last 3 yrs

+18%/yr

Revenue, last 5 yrs

+18%/yr

Same inputs as the DCF above: trailing free cash flow 1.4B, 7.2% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.59 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Financials

P/E (trailing)

sector median 13.0× · 82nd pct

22.4×
pricier

Forward P/E

sector median 10.2× · 81st pct

14.7×
pricier

EV / EBITDA

sector median 10.9×

–

Price / sales

sector median 2.8× · 62nd pct

3.5×
pricier

Price / book

sector median 1.6× · 86th pct

4.3×
pricier

FCF yield

sector median 8.2% · 34th pct

6.1%
pricier

Forward EPS $4.83 vs trailing $3.17 (+52% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin

–

Operating margin

–

FCF margin

21.3%

Net margin

17.7%

Return on equity

21.6%

Return on invested capital

–

Net debt / EBITDA

–

Current ratio

1.1×

Interest cover

–

Cash conversion (OCF/NI)

1.3×

Piotroski F-score 3/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✗ Gross margin improved✗ Asset turnover improved

Analysts

Mean target

$75

+5%

Analysts

Hold

Range

$55–$90

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2025	$5.9B	$1.1B	$1.4B
2024	$4.8B	$993.0M	$1.1B
2023	$4.3B	$871.0M	$941.0M
2022	$3.6B	$672.0M	$829.0M
2021	$3.1B	$587.1M	$763.8M
2020	$2.6B	$480.5M	$642.3M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +18.2%.

Earnings

Next report: 2026-10-26 · after close · EPS est 1.08

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-07-27	1.07	1.07	-0.4%
2026-04-27	1.36	1.39	+2.3%
2026-01-26	0.90	0.93	+3.3%
2025-10-27	0.93	1.05	+12.9%
2025-07-28	0.99	1.03	+4.5%
2025-04-28	1.30	1.29	-0.5%
2025-01-27	0.77	0.86	+12.1%
2024-10-28	0.88	0.91	+3.8%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$1.7B	+32.4%
2026-03-31	$1.9B	–
2025-12-31	$1.6B	–
2025-09-30	$1.6B	–
2025-06-30	$1.2B	–

Analyst actions

Wells Fargo

2026-10-12 · main

Equal-Weight → Equal-Weight
PT $68

TD Cowen

2026-10-12 · init

→ Buy
PT $82

Citizens

2026-10-12 · main

Market Outperform → Market Outperform
PT $75

Mizuho

2026-10-07 · main

Outperform → Outperform
PT $78

Barclays

2026-10-07 · main

Equal-Weight → Equal-Weight
PT $71

Morgan Stanley

2026-10-06 · main

Underweight → Underweight
PT $55

Recent dividends

2026-08-12: $0.165 · 2026-05-11: $0.165 · 2026-02-04: $0.165 · 2025-11-05: $0.165 · 2025-08-13: $0.150 · 2025-05-12: $0.150 · 2025-02-05: $0.150 · 2024-11-06: $0.150

Insider trades

None

None · None

SELL
–

Stats refreshed 2026-10-20 18:08:49 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

coteau

Coteau Systematic Strategies publishes stock research and model portfolios. It doesn't manage money or give investment advice. Results are hypothetical unless marked Live. Data: Yahoo Finance (delayed) and SEC EDGAR.

How it works Disclaimer Terms Privacy Data status