# Brown & Brown Inc. (BRO) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Insurance. Price $71.42, market value $23.9 billion.

## Valuation
- **P/E (trailing): 22.8×** (5-yr avg 26.7×, 3-yr avg 25.7×). Brown & Brown Inc. trades at 22.8× trailing earnings, close to its own five-year average of 26.7×. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 14.8×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.5×**. Each dollar of revenue is priced at 3.5×.
- **Price / book: 1.9×**. The shares trade at 1.9× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 6.1%** (5-yr avg 4.7%). Free cash flow equals 6.1% of the market value, above its five-year average of 4.7%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 4.4%**. The inverse of the P/E: 4.4% of the price is earned each year.

## Profitability
- **Net margin: 17.9%**. 17.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.4%**. 8.4% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 4.0%**. Each dollar of assets produces 4.0% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 22.8%** (3-yr 18.2%/yr, 5-yr 17.7%/yr). Revenue grew 22.8% over the last year, against 17.7% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -8.7%** (3-yr 10.1%/yr, 5-yr 13.3%/yr). Earnings per share fell 8.7%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 18.6%/yr**. Free cash flow has compounded at 18.6% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: $1.1 billion**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 0.92%** ($0.65 per share, trailing). Brown & Brown Inc. yields 0.92%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 18%** (15% of free cash flow). 18% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 12.1%/yr** (1-yr 13.9%). The dividend has compounded at 12.1% a year over five years, doubling roughly every 6 years at that pace.

## Analyst view
- **Analyst consensus: hold** (16 analysts). 16 analysts cover Brown & Brown Inc.; the consensus is hold, with an average price target of $76.69 (+7% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -24.7%** (YTD -9.9%, 3-mo 21.3%). The shares are down 24.7% over twelve months including dividends.
- **From 52-week high: -26.0%** (32.7% above the low). Trading 26% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): -0.30** (volatility 31%). Beta of -0.30 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BRO · Page: https://foliofundamentals.com/stocks/bro

Not investment advice.