تحلیل اختیاری محصول
با اجازه شما، از تحلیلهای محدود و حریمخصوصیمحور استفاده میکنیم تا مسیرهای پژوهشی مؤثر را بشناسیم. از ردیاب تبلیغاتی یا بازپخش نشست استفاده نمیکنیم. این انتخاب را میتوانید در تنظیمات تغییر دهید. بخوانید سیاست حفظ حریم خصوصی.
Brown & Brown, Inc.'s published Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $20.8B |
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| Revenue (ttm) | 6.8B |
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| Net income (ttm) | 1.2B |
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| EPS (ttm) | $3.18 |
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| Shares out | 331.7M |
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| P/E (trailing) | 20.7x |
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| P/E (forward) | 12.6x |
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| Dividend | $0.72 (1.10%) |
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| Volume | 2,920,999 |
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| Beta | 0.59 |
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Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $3.05B | $3.57B | $4.26B | $4.81B | $5.90B | +17.9% |
| Gross profit | $1.41B | $1.76B | $1.42B | $2.30B | $2.83B | +19.0% |
| Operating income | $919.7M | $1.05B | $1.28B | $1.50B | $1.62B | +15.1% |
| Net income | $587.1M | $672.0M | $871.0M | $993.0M | $1.05B | +15.8% |
| EPS (diluted) | $2.07 | $2.37 | $3.05 | $3.46 | $3.16 | +11.2% |
| EBITDA | $1.01B | $1.16B | $1.15B | $1.73B | $1.98B | +18.3% |
| R&D | $0 | $0 | $0 | — | — | +3.9% |
| SG&A | $2.08B | $1.82B | $2.19B | $2.41B | $2.94B | +9.0% |
Recent company headlines from major financial publishers.
The Base case represents the modal operating path, where performance aligns with management guidance and sell-side consensus estimates. Consolidated revenue reaches $6,985,067,150 in FY2026, reflecting the contribution of $1.7B to $1.8B from Accession and organic growth within guided bands of 1.5% to 2.5% in Retail and 2% to 4% in Specialty Distribution. Operating margins remain structurally superior to peers in FY2026, supported by ~35% Specialty Distribution profitability and reaffirmed synergy realization of $30M to $40M. Asset-light operations ($68M capex in FY2025) produce strong operational cash flows of $1.35B+, facilitating steady deleveraging.
In the Bull scenario, Accession integration exceeds operational targets, delivering the upper bound of $1.8B in annual revenue and achieving $40M in cost synergies. Specialty Distribution maintains operating margins of approximately 35% as the rollout of over 180 casualty-driven programs successfully neutralizes catastrophe property rate declines. In Retail, non-discretionary corporate risk and persistent healthcare inflation (medical up 8-10%, pharmacy up over 10%) drive advisory demand, lifting Retail organic growth to the top of guided ranges. High cash flow conversion of 24% to 27% allows Brown & Brown to rapidly pay down debt from its $8.07B stack, prompting multiple expansion toward peer averages.
| Ke ↓ / g → | 2.5% | 2.8% | 3.0% | 3.3% | 3.5% |
|---|---|---|---|---|---|
| 7.0% | $90.0 | $92.9 | $96.3 | $100 | $104 |
| 7.5% | $83.7 | $86.0 | $88.6 | $91.5 | $94.8 |
| 8.0% | $78.5 | $80.3 | $82.4 | $84.7 | $87.2 |
| 8.5% | $74.1 | $75.6 | $77.3 | $79.1 | $81.2 |
| 9.0% | $70.4 | $71.7 | $73.0 | $74.5 | $76.2 |
Upcoming earnings date and setup when available.
رتبهای که نسخهٔ پژوهشی منتشرشدهٔ هر ماه داشت. رتبه قیمت در تاریخ تحلیل را با ارزش منصفانه مقایسه میکند و سابقهای از درستی یا نادرستی ارزیابی نیست.
| سال | دی | بهمن | اسفند | فروردین | اردیبهشت | خرداد | تیر | مرداد | شهریور | مهر | آبان | آذر |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
