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Brown & Brown, Inc. (BRO) stock analysis

BRONYSEInsurance Agents, Brokers & ServiceFiscal year ends January 19
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 26, 2026Score 15/30
$71.39−0.50 (-0.70%)

Close on Nov 11, 2026Market cap $23.68BP/E 21.4Yield 0.87%

StockData Score

Prices as of Nov 11, 2026How the score works

Value2Growth4Performance3Health2Dividend4

Solid15 of 30 checks passed

Brown & Brown passes 15 of the 30 checks behind our score; 11 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
2/6
Growth
4/6
Past performance
3/6
Financial health
2/6
Dividend
4/6

What stands out

  • Earnings grew over 5 years

    Net income grew 17.0% a year on average over the last five fiscal years.

  • Revenue growing 10%+ a year

    Revenue grew 18.2% a year over the last three fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 10.1% a year over the last three fiscal years.

  • Earnings growth accelerating

    Net income grew 21.9% over the last twelve months, against a 5-year average of 17.0% a year.

What to watch

  • P/S above the industry

    Brown & Brown's price-to-sales of 3.43 is above the Insurance Agents, Brokers, and Service median of 3.43.

  • Net margin below its 5-year average

    Net margin was 17.6% over the last twelve months, against a 5-year average of 19.4%.

  • Yield below Treasuries

    The 0.7% yield is below the 4.4% on a 1-year Treasury.

  • Yield below the top quarter

    The top quarter of US dividend payers yield 3.8% or more; Brown & Brown yields 0.7%.

Valuation2/6

  • P/E below its 5-year median

    Brown & Brown's P/E of 21.4 is below its own 5-year median of 27.7.

  • P/E below the industry

    Brown & Brown's P/E of 21.4 is below the Insurance Agents, Brokers, and Service median of 30.1.

  • P/S above the industry

    Brown & Brown's price-to-sales of 3.43 is above the Insurance Agents, Brokers, and Service median of 3.43.

  • P/B against the industry

    Needs positive book value.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth4/6

  • Revenue growing 10%+ a year

    Revenue grew 18.2% a year over the last three fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 10.1% a year over the last three fiscal years.

  • Earnings growth accelerating

    Net income grew 21.9% over the last twelve months, against a 5-year average of 17.0% a year.

  • Growing faster than the industry

    Revenue grew 26.1% over the last twelve months; the Insurance Agents, Brokers, and Service median is 13.8%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin trend

    Banks and insurers do not report gross profit.

Past performance3/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on assets over 1%

    Return on assets was 4.1%; for a bank or insurer, 1% or more is considered good.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings grew over 5 years

    Net income grew 17.0% a year on average over the last five fiscal years.

  • Net margin below its 5-year average

    Net margin was 17.6% over the last twelve months, against a 5-year average of 19.4%.

  • Net margin above the industry

    Brown & Brown's net margin of 17.6% is above the Insurance Agents, Brokers, and Service median of 4.9%.

Financial health2/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 20.4% of total debt.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term assets cover short-term debts

    Current assets are 1.14 times current liabilities.

  • Bankruptcy risk (Altman Z)

    The Altman model does not apply to insurers.

Dividend4/6

  • Pays a dividend

    Brown & Brown paid dividends worth 0.7% of the share price over the last twelve months.

  • Yield below Treasuries

    The 0.7% yield is below the 4.4% on a 1-year Treasury.

  • Yield below the top quarter

    The top quarter of US dividend payers yield 3.8% or more; Brown & Brown yields 0.7%.

  • Dividend not cut

    The dividend per share has not fallen by more than 10% in any of the last 10 fiscal years.

  • Covered by earnings

    Dividends take 18.5% of net income.

  • Covered by free cash flow

    Dividends take 15.1% of free cash flow.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Brown & Brown. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 27.7
  • Insurance Agents, Brokers, and Service median 30.1

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$180.59M
Value traded per 1% price move
$84.67M

Downside

Medium risk

Typical loss in a bad month
17.3%
Volatility (annualized)
32%
Sharpe ratio, 1 year
-0.42
Beta to the S&P 500 (5Y)
0.66

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Net margin

17.9%−0.5 pts over 5 years

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