BRO Financial Statements

Balance sheet, income statement, cash flow, and dividends for Brown & Brown Inc (BRO).


$29.17B Market Cap.

As of 02/13/2025 5:00 PM ET (MRY) • Disclaimer

BRO Market Cap. (MRY)


BRO Shares Outstanding (MRY)


BRO Assets (MRY)


Total Assets

$17.61B

Total Liabilities

$11.18B

Total Investments

$29.00M

BRO Income (MRY)


Revenue

$4.80B

Net Income

$993.00M

Operating Expense

$3.31B

BRO Cash Flow (MRY)


CF Operations

$1.17B

CF Investing

-$898.00M

CF Financing

-$64.00M

BRO Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0.54

0.50%

13.68%

15.52%

6.44

2023

$0.47

0.70%

12.56%

15.47%

6.46

2022

$0.42

0.70%

11.05%

17.73%

5.64

2021

$0.38

0.50%

9.20%

18.27%

5.47

2020

$0.35

0.70%

-

20.47%

4.89

BRO Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$17,612,000,000 (18.33%)

$14,883,400,000 (6.51%)

$13,973,500,000 (42.65%)

$9,795,400,000 (9.24%)

Assets Current

$6,924,000,000 (34.97%)

$5,129,900,000 (2.68%)

$4,996,000,000 (50.02%)

$3,330,300,000 (12.58%)

Assets Non-Current

$10,688,000,000 (9.58%)

$9,753,500,000 (8.64%)

$8,977,500,000 (38.86%)

$6,465,100,000 (7.60%)

Goodwill & Intangible Assets

$9,784,000,000 (9.18%)

$8,961,600,000 (8.37%)

$8,269,400,000 (42.13%)

$5,818,300,000 (6.84%)

Shareholders Equity

$6,437,000,000 (15.38%)

$5,578,800,000 (21.10%)

$4,606,600,000 (9.76%)

$4,196,900,000 (11.79%)

Property Plant & Equipment Net

$519,000,000 (10.64%)

$469,100,000 (3.14%)

$454,800,000 (11.20%)

$409,000,000 (5.38%)

Cash & Equivalents

$675,000,000 (-3.61%)

$700,300,000 (7.74%)

$650,000,000 (-6.23%)

$693,200,000 (-45.50%)

Accumulated Other Comprehensive Income

-$109,000,000 (-470.68%)

-$19,100,000 (87.13%)

-$148,400,000 (-1478.72%)

-$9,400,000 (0%)

Deferred Revenue

$577,000,000 (24.78%)

$462,400,000 (12.15%)

$412,300,000 (5.12%)

$392,200,000 (3.86%)

Total Investments

$29,000,000 (-9.38%)

$32,000,000 (-6.98%)

$34,400,000 (-21.64%)

$43,900,000 (1.38%)

Investments Current

$10,000,000 (-9.09%)

$11,000,000 (-8.33%)

$12,000,000 (-6.98%)

$12,900,000 (-29.63%)

Investments Non-Current

$19,000,000 (-9.52%)

$21,000,000 (-6.25%)

$22,400,000 (-27.74%)

$31,000,000 (24.14%)

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$4,058,000,000 (62.26%)

$2,501,000,000 (-9.00%)

$2,748,500,000 (64.42%)

$1,671,600,000 (9.95%)

Trade & Non-Trade Payables

$373,000,000 (-18.72%)

$458,900,000 (60.17%)

$286,500,000 (18.05%)

$242,700,000 (-82.53%)

Accumulated Retained Earnings (Deficit)

$6,128,000,000 (15.87%)

$5,288,500,000 (16.15%)

$4,553,000,000 (13.81%)

$4,000,700,000 (13.63%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$711,000,000 (15.38%)

$616,200,000 (5.51%)

$584,000,000 (50.98%)

$386,800,000 (12.37%)

Total Debt

$4,013,000,000 (0.98%)

$3,974,200,000 (-3.96%)

$4,138,000,000 (87.84%)

$2,202,900,000 (-2.91%)

Debt Current

$225,000,000 (-60.44%)

$568,700,000 (126.94%)

$250,600,000 (489.65%)

$42,500,000 (-39.29%)

Debt Non-Current

$3,788,000,000 (11.23%)

$3,405,500,000 (-12.40%)

$3,887,400,000 (79.94%)

$2,160,400,000 (-1.75%)

Total Liabilities

$11,175,000,000 (20.10%)

$9,304,600,000 (-0.67%)

$9,366,900,000 (67.31%)

$5,598,500,000 (7.41%)

Liabilities Current

$6,314,000,000 (27.38%)

$4,956,900,000 (7.84%)

$4,596,600,000 (72.33%)

$2,667,400,000 (13.30%)

Liabilities Non-Current

$4,861,000,000 (11.81%)

$4,347,700,000 (-8.86%)

$4,770,300,000 (62.75%)

$2,931,100,000 (2.56%)

BRO Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$4,805,000,000 (12.87%)

$4,257,100,000 (19.13%)

$3,573,400,000 (17.11%)

$3,051,400,000 (16.76%)

Cost of Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Selling General & Administrative Expense

$3,116,000,000 (9.85%)

$2,836,500,000 (17.52%)

$2,413,700,000 (18.32%)

$2,039,900,000 (13.18%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$3,307,000,000 (14.07%)

$2,899,200,000 (11.72%)

$2,595,000,000 (18.86%)

$2,183,200,000 (12.84%)

Interest Expense

$193,000,000 (1.58%)

$190,000,000 (34.56%)

$141,200,000 (117.23%)

$65,000,000 (10.17%)

Income Tax Expense

$301,000,000 (9.22%)

$275,600,000 (34.90%)

$204,300,000 (16.28%)

$175,700,000 (22.35%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$1,002,000,000 (15.11%)

$870,500,000 (29.58%)

$671,800,000 (14.43%)

$587,100,000 (22.19%)

Net Income to Non-Controlling Interests

$9,000,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$993,000,000 (14.07%)

$870,500,000 (29.58%)

$671,800,000 (14.43%)

$587,100,000 (22.19%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$993,000,000 (14.07%)

$870,500,000 (29.58%)

$671,800,000 (14.43%)

$587,100,000 (22.19%)

Weighted Average Shares

$285,958,390 (0.48%)

$284,597,831 (0.49%)

$283,222,367 (0.28%)

$282,426,839 (-0.57%)

Weighted Average Shares Diluted

-

-

-

-

Earning Before Interest & Taxes (EBIT)

$1,487,000,000 (11.29%)

$1,336,100,000 (31.34%)

$1,017,300,000 (22.89%)

$827,800,000 (21.18%)

Gross Profit

$4,805,000,000 (12.87%)

$4,257,100,000 (19.13%)

$3,573,400,000 (17.11%)

$3,051,400,000 (16.76%)

Operating Income

$1,498,000,000 (10.32%)

$1,357,900,000 (38.79%)

$978,400,000 (12.69%)

$868,200,000 (27.94%)

BRO Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$898,000,000 (-52.98%)

-$587,000,000 (69.31%)

-$1,912,600,000 (-382.01%)

-$396,800,000 (47.73%)

Net Cash Flow from Financing

-$64,000,000 (65.72%)

-$186,700,000 (-110.82%)

$1,725,400,000 (921.23%)

-$210,100,000 (-159.18%)

Net Cash Flow from Operations

$1,174,000,000 (16.30%)

$1,009,500,000 (14.53%)

$881,400,000 (8.98%)

$808,800,000 (13.44%)

Net Cash Flow / Change in Cash & Cash Equivalents

$199,000,000 (-26.21%)

$269,700,000 (-52.10%)

$563,000,000 (183.91%)

$198,300,000 (-35.80%)

Net Cash Flow - Business Acquisitions and Disposals

-$890,000,000 (-41.11%)

-$630,700,000 (67.28%)

-$1,927,700,000 (-425.55%)

-$366,800,000 (47.21%)

Net Cash Flow - Investment Acquisitions and Disposals

$4,000,000 (-33.33%)

$6,000,000 (-17.81%)

$7,300,000 (556.25%)

-$1,600,000 (50.00%)

Capital Expenditure

-$12,000,000 (-131.83%)

$37,700,000 (383.33%)

$7,800,000 (127.46%)

-$28,400,000 (53.52%)

Issuance (Repayment) of Debt Securities

$30,000,000 (119.92%)

-$150,600,000 (-107.77%)

$1,938,700,000 (2752.12%)

-$73,100,000 (-113.41%)

Issuance (Purchase) of Equity Shares

$44,000,000 (10.83%)

$39,700,000 (208.77%)

-$36,500,000 (24.90%)

-$48,600,000 (-94.40%)

Payment of Dividends & Other Cash Distributions

-$154,000,000 (-14.07%)

-$135,000,000 (-12.97%)

-$119,500,000 (-11.47%)

-$107,200,000 (-6.56%)

Effect of Exchange Rate Changes on Cash

-$13,000,000 (-138.35%)

$33,900,000 (125.84%)

-$131,200,000 (-3544.44%)

-$3,600,000 (0%)

Share Based Compensation

$101,000,000 (12.98%)

$89,400,000 (35.25%)

$66,100,000 (8.36%)

$61,000,000 (2.18%)

Depreciation Amortization & Accretion

$222,000,000 (7.77%)

$206,000,000 (10.87%)

$185,800,000 (21.52%)

$152,900,000 (13.43%)

BRO Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

Profit Margin

20.70% (1.47%)

20.40% (8.51%)

18.80% (-2.08%)

19.20% (4.35%)

EBITDA Margin

35.60% (-1.66%)

36.20% (7.42%)

33.70% (4.98%)

32.10% (2.56%)

Return on Average Equity (ROAE)

16.10% (-4.17%)

16.80% (9.80%)

15.30% (4.79%)

14.60% (10.61%)

Return on Average Assets (ROAA)

6.00% (-3.23%)

6.20% (16.98%)

5.30% (-14.52%)

6.20% (8.77%)

Return on Sales (ROS)

30.90% (-1.59%)

31.40% (10.18%)

28.50% (5.17%)

27.10% (3.83%)

Return on Invested Capital (ROIC)

31.80% (7.43%)

29.60% (40.28%)

21.10% (-43.58%)

37.40% (8.41%)

Dividend Yield

0.50% (-28.57%)

0.70% (0.00%)

0.70% (40.00%)

0.50% (-28.57%)

Price to Earnings Ratio (P/E)

29.32 (26.56%)

23.16 (-3.23%)

23.94 (-29.16%)

33.79 (21.16%)

Price to Sales Ratio (P/S)

6.07 (27.70%)

4.75 (5.29%)

4.51 (-30.59%)

6.5 (26.24%)

Price to Book Ratio (P/B)

4.53 (24.92%)

3.63 (3.57%)

3.5 (-25.93%)

4.73 (31.84%)

Debt to Equity Ratio (D/E)

1.74 (4.08%)

1.67 (-17.95%)

2.03 (52.40%)

1.33 (-3.89%)

Earnings Per Share (EPS)

3.48 (13.36%)

3.07 (28.99%)

2.38 (14.42%)

2.08 (22.35%)

Sales Per Share (SPS)

16.8 (12.33%)

14.96 (18.55%)

12.62 (16.78%)

10.8 (17.43%)

Free Cash Flow Per Share (FCFPS)

4.06 (10.43%)

3.68 (17.20%)

3.14 (13.64%)

2.76 (20.39%)

Book Value Per Share (BVPS)

22.51 (14.84%)

19.6 (20.52%)

16.27 (9.45%)

14.86 (12.44%)

Tangible Assets Book Value Per Share (TABVPS)

27.38 (31.56%)

20.81 (3.32%)

20.14 (43.02%)

14.08 (13.61%)

Enterprise Value Over EBIT (EV/EBIT)

22 (29.41%)

17 (-15.00%)

20 (-20.00%)

25 (19.05%)

Enterprise Value Over EBITDA (EV/EBITDA)

18.72 (23.53%)

15.15 (-8.18%)

16.5 (-21.59%)

21.05 (20.82%)

Asset Turnover

0.29 (-3.31%)

0.3 (8.24%)

0.28 (-13.89%)

0.32 (3.85%)

Current Ratio

1.1 (5.99%)

1.03 (-4.78%)

1.09 (-12.97%)

1.25 (-0.64%)

Dividends

$0.54 (13.68%)

$0.47 (12.56%)

$0.42 (11.05%)

$0.38 (9.20%)

Free Cash Flow (FCF)

$1,162,000,000 (10.96%)

$1,047,200,000 (17.77%)

$889,200,000 (13.94%)

$780,400,000 (19.71%)

Enterprise Value (EV)

$31,989,474,948 (36.89%)

$23,368,051,762 (17.69%)

$19,854,978,248 (-3.80%)

$20,640,125,245 (44.87%)

Earnings Before Tax (EBT)

$1,294,000,000 (12.90%)

$1,146,100,000 (30.82%)

$876,100,000 (14.85%)

$762,800,000 (22.22%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$1,709,000,000 (10.82%)

$1,542,100,000 (28.18%)

$1,203,100,000 (22.68%)

$980,700,000 (19.90%)

Invested Capital

$4,852,000,000 (14.47%)

$4,238,800,000 (-7.76%)

$4,595,500,000 (63.00%)

$2,819,400,000 (30.32%)

Working Capital

$610,000,000 (252.60%)

$173,000,000 (-56.69%)

$399,400,000 (-39.75%)

$662,900,000 (9.77%)

Tangible Asset Value

$7,828,000,000 (32.19%)

$5,921,800,000 (3.82%)

$5,704,100,000 (43.42%)

$3,977,100,000 (12.96%)

Market Capitalization

$29,173,474,948 (44.15%)

$20,237,751,762 (25.43%)

$16,135,178,248 (-18.71%)

$19,848,958,245 (47.39%)

Average Equity

$6,176,250,000 (19.38%)

$5,173,750,000 (18.01%)

$4,384,000,000 (9.04%)

$4,020,379,500 (10.76%)

Average Assets

$16,471,750,000 (16.95%)

$14,084,450,000 (10.07%)

$12,796,150,000 (35.79%)

$9,423,313,500 (12.37%)

Invested Capital Average

$4,671,000,000 (3.38%)

$4,518,300,000 (-6.30%)

$4,822,275,000 (117.83%)

$2,213,823,250 (11.92%)

Shares

285,958,390 (0.48%)

284,597,831 (0.49%)

283,222,367 (0.28%)

282,426,839 (-0.57%)