BROBROWN & BROWN, INC.
Insurance Agents, Brokers & Service
- Revenue
- $5.9B
- 23% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $6.7B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear138% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear20% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired52% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.1B | $3.6B | $4.3B | $4.8B | $5.9B | 23% |
| Net income | $587M | $672M | $871M | $993M | $1.1B | 6.1% |
| Operating cash flow | $809M | $881M | $1.0B | $1.2B | $1.4B | 24% |
| Capex | $45M | $52M | $69M | $82M | $68M | 17% |
| Stock-based comp | $61M | $66M | $89M | $101M | $93M | 7.9% |
| Buybacks | $83M | $74M | $0 | $0 | $100M | |
| Dividends | $107M | $120M | $135M | $154M | $193M | 25% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.