BFAMNYSEServices-Child Day Care ServicesFiscal year ends December 31
BRIGHT HORIZONS FAMILY SOLUTIONS INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$69.52−1.63 (-2.29%)
Close on Oct 19, 2026
- Market cap
- $3.60B
- P/E (TTM)
- 22.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
23.8%+3.7 pts over 5 years
Operating margin
10.7%+7.2 pts over 5 years
Net margin
6.6%+4.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.2% | +13.2% | +14.1% | +7.2% | |
| Gross profit | +12.5% | +13.4% | +18.0% | +6.9% | |
| Operating income | +27.6% | +25.9% | +42.6% | +5.7% | |
| Net income | +37.8% | +33.8% | +48.2% | +7.5% | |
| EPS, diluted | +40.0% | +34.9% | +49.5% | +8.4% | |
| Free cash flow | +7.7% | +29.9% | +15.7% | +10.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 13.4% | 2.4% | 14.8% | |
| Return on assets | 4.2% | 0.8% | 5.0% | |
| Current ratio | 0.40 | 1.18 | 0.52 | |
| Debt to equity | 1.55 | 0.80 | 0.56 | |
| Net debt to EBITDA | 3.71× | 3.89× | 1.49× | |
| Interest coverage | 4.6× | – | 7.0× | |
| Capex to revenue | 4.8% | 5.6% | 3.1% | |
| Diluted shares | 61M | 60M | 57M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Bright Horizons Family Solutions generated $1.36B from operations and spent $1.12B on capital expenditure, dividends and share buybacks. 37% of that went back into the business.
Generated
$1.36B
Used
$1.12B
Capital expenditure$414.56M37%Dividends$00%Share buybacks$706.41M63%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.6%
×Asset turnover0.76×
×Equity multiplier2.96×
=Return on equity, FY202514.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.6% | 0.76× | 2.96× | 14.8% |
| FY2024 | 5.2% | 0.69× | 3.11× | 11.3% |
| FY2023 | 3.1% | 0.63× | 3.36× | 6.5% |
| FY2022 | 4.0% | 0.54× | 3.29× | 7.1% |
| FY2021 | 4.0% | 0.48× | 2.99× | 5.7% |
| FY2020 | 1.8% | 0.43× | 3.13× | 2.4% |
| FY2019 | 8.7% | 0.70× | 3.34× | 20.6% |
| FY2018 | 8.3% | 0.76× | 3.27× | 20.7% |
| FY2017 | 9.0% | 0.72× | 3.36× | 21.8% |
| FY2016 | 6.0% | 0.70× | 3.19× | 13.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$193.12M
- Cash generatingOperating cash flow above zero$350.73M
- Return on assets improvedROA up on the prior year3.6% → 5.0%
- Earnings backed by cashOperating cash flow above net income$350.73M vs $193.12M
- Less leverageLong-term debt to assets fell23.9% → 19.2%
- Better liquidityCurrent ratio rose0.64 → 0.52
- No dilutionShare count did not rise58M → 57M
- Gross margin improvedGross margin up on the prior year23.07% → 23.77%
- More efficientAsset turnover rose0.69 → 0.76