NYSE : BC
Brunswick Corporation — Financial statements
Consumer Discretionary · Recreational Vehicles · United States
Last price 74.36 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.82B
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Financial statements
Brunswick Corporation (BC) reported revenue of 5.72B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.72B | 5.36B | 5.24B | 6.40B | 6.81B | 5.85B |
| Cost of Revenue | 4.17B | 3.98B | 3.83B | 4.57B | 4.83B | 4.15B |
| Gross Profit | 1.55B | 1.38B | 1.40B | 1.83B | 1.99B | 1.70B |
| Selling, General & Admin | 991.90M | 901.60M | 798.20M | 855.60M | 811.10M | 716.90M |
| Research & Development | 190.90M | 168.70M | 169.60M | 185.20M | 202.90M | 154.50M |
| Operating Expenses | 1.18B | 1.07B | 967.80M | 1.04B | 1.01B | 871.40M |
| Operating Income | 369.40M | 313.10M | 434.70M | 791.70M | 972.70M | 828.40M |
| Interest Expense | -97.30M | -111.70M | -126.60M | -112.40M | -98.10M | -65.90M |
| Interest & Investment Income | 5.90M | 7.20M | 13.40M | 10.20M | 6.10M | 2.10M |
| Earnings From Equity Investments | 6.20M | 7.00M | 8.60M | -11.40M | 4.00M | 2.30M |
| Currency Exchange Gain (Loss) | 7.20M | 7.20M | -6.10M | |||
| Other Non Operating Income (Expenses) | -12.70M | -9.50M | 13.70M | 5.50M | -5.90M | -9.90M |
| EBT Excluding Unusual Items | 278.70M | 213.30M | 337.70M | 683.60M | 878.80M | 757.00M |
| Merger & Restructuring Charges | -20.20M | -29.90M | -30.00M | -35.20M | -6.20M | -16.40M |
| Asset Writedown | -22.90M | -323.20M | -91.70M | -19.50M | -18.90M | |
| Other Unusual Items | 7.80M | 4.10M | -12.70M | -100.00K | -4.20M | |
| Pretax Income | 243.40M | -135.70M | 203.30M | 628.90M | 853.60M | 736.40M |
| Income Tax Expense | 30.00M | 200.00K | 54.00M | 196.30M | 172.30M | 141.00M |
| Earnings From Continuing Operations | 213.40M | -135.90M | 149.30M | 432.60M | 681.30M | 595.40M |
| Earnings From Discontinued Operations | -2.30M | -1.40M | -19.20M | -12.20M | -4.30M | -2.10M |
| Net Income | 211.10M | -137.30M | 130.10M | 420.40M | 677.00M | 593.30M |
| Net Income to Common | 211.10M | -137.30M | 130.10M | 420.40M | 677.00M | 593.30M |
| Shares Outstanding (Basic) | 65.45M | 65.90M | 67.20M | 70.20M | 74.80M | 77.80M |
| Shares Outstanding (Diluted) | 65.60M | 65.90M | 67.40M | 70.50M | 75.20M | 78.40M |
| EPS (Basic) | 3.23 | -2.08 | 1.94 | 5.99 | 9.05 | 7.63 |
| EPS (Diluted) | 3.22 | -2.08 | 1.93 | 5.96 | 9.00 | 7.56 |
| Free Cash Flow | 371.10M | 396.30M | 264.00M | 444.30M | 197.80M | 306.90M |
| Free Cash Flow Per Share | 5.66 | 6.01 | 3.92 | 6.30 | 2.63 | 3.92 |
| Dividend Per Share | 1.75 | 1.72 | 1.68 | 1.60 | 1.46 | 1.27 |
| Gross Margin | 27.12% | 25.80% | 26.78% | 28.63% | 29.16% | 29.07% |
| Operating Margin | 6.45% | 5.84% | 8.30% | 12.37% | 14.28% | 14.17% |
| Profit Margin | 3.69% | -2.56% | 2.48% | 6.57% | 9.94% | 10.15% |
| Free Cash Flow Margin | 6.48% | 7.39% | 5.04% | 6.94% | 2.90% | 5.25% |
| EBITDA | 666.20M | 605.60M | 723.50M | 1.06B | 1.20B | 1.01B |
| EBITDA Margin | 11.64% | 11.29% | 13.81% | 16.63% | 17.67% | 17.22% |
| D&A For EBITDA | 296.80M | 292.50M | 288.80M | 272.90M | 231.20M | 178.10M |
| EBIT | 369.40M | 313.10M | 434.70M | 791.70M | 972.70M | 828.40M |
| EBIT Margin | 6.45% | 5.84% | 8.30% | 12.37% | 14.28% | 14.17% |
| Effective Tax Rate | 12.32% | 26.56% | 31.21% | 20.18% | 19.15% | |
| Advertising Expenses | 27.60M | 27.30M | 28.50M | 39.90M | 33.20M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 257.80M | 256.80M | 269.00M | 467.80M | 595.60M | 354.50M |
| Short-Term Investments | 10.80M | 800.00K | 800.00K | 800.00K | 4.50M | 800.00K |
| Cash & Short-Term Investments | 268.60M | 257.60M | 269.80M | 468.60M | 600.10M | 355.30M |
| Receivables | 519.30M | 522.80M | 429.00M | 493.20M | 543.00M | 485.30M |
| Inventory | 1.29B | 1.19B | 1.30B | 1.48B | 1.47B | 1.21B |
| Prepaid Expenses | 94.70M | 72.50M | 95.50M | 60.00M | 67.80M | 63.80M |
| Restricted Cash | 10.80M | 18.10M | 16.90M | 11.10M | 12.90M | 12.20M |
| Total Current Assets | 2.18B | 2.06B | 2.11B | 2.51B | 2.70B | 2.12B |
| Property, Plant & Equipment | 1.41B | 1.38B | 1.41B | 1.47B | 1.39B | 1.14B |
| Long-Term Investments | 30.30M | 34.40M | 35.00M | 38.70M | 54.00M | 43.80M |
| Goodwill | 682.90M | 681.20M | 966.10M | 1.03B | 967.60M | 888.40M |
| Other Intangible Assets | 809.10M | 854.80M | 918.30M | 978.00M | 997.40M | 1.05B |
| Long-Term Deferred Tax Assets | 291.20M | 272.20M | 197.50M | 186.80M | 203.30M | 146.00M |
| Other Long-Term Assets | 33.90M | 28.30M | 33.70M | 18.60M | 18.20M | 30.40M |
| Total Assets | 5.44B | 5.31B | 5.68B | 6.23B | 6.32B | 5.42B |
| Accounts Payable | 485.00M | 374.90M | 393.40M | 558.00M | 662.60M | 693.50M |
| Accrued Expenses | 764.40M | 478.70M | 382.60M | 471.10M | 473.50M | 474.90M |
| Short-Term Debt | 195.10M | 290.00M | 115.00M | |||
| Current Portion of Long-Term Debt | 5.40M | 127.80M | 454.70M | 89.00M | 37.40M | |
| Current Portion of Leases | 28.90M | 26.00M | 28.30M | 27.80M | 25.80M | |
| Current Income Taxes Payable | 10.10M | 17.00M | ||||
| Current Unearned Revenue | 75.90M | 72.90M | 73.70M | 70.30M | 61.40M | |
| Other Current Liabilities | 174.90M | 162.20M | 166.30M | 156.60M | 132.20M | |
| Total Current Liabilities | 1.44B | 1.43B | 1.28B | 1.75B | 1.49B | 1.44B |
| Long-Term Debt | 1.81B | 1.81B | 2.10B | 1.98B | 2.42B | 1.78B |
| Long-Term Leases | 151.70M | 145.10M | 133.90M | 97.80M | 75.50M | |
| Pension & Post-Retirement Benefits | 37.90M | 46.40M | 52.50M | 49.50M | 66.50M | |
| Long-Term Deferred Tax Liabilities | 10.20M | 10.40M | 12.40M | 60.70M | 3.10M | |
| Other Long-Term Liabilities | 499.30M | 251.30M | 205.80M | 216.50M | 161.10M | 144.50M |
| Total Liabilities | 3.75B | 3.69B | 3.79B | 4.14B | 4.28B | 3.51B |
| Common Stock | 1.69B | 76.90M | 76.90M | 76.90M | 76.90M | 76.90M |
| Additional Paid-In Capital | 426.80M | 401.80M | 392.00M | 391.30M | 394.50M | |
| Retained Earnings | 3.36B | 3.61B | 3.60B | 3.29B | 2.72B | |
| Treasury Stock | -2.22B | -2.15B | -1.95B | -1.68B | -1.25B | |
| Comprehensive Income & Other | -22.70M | -53.40M | -25.70M | -29.50M | -31.50M | |
| Shareholders' Equity | 1.69B | 1.63B | 1.89B | 2.09B | 2.04B | 1.91B |
| Total Liabilities & Equity | 5.44B | 5.31B | 5.68B | 6.23B | 6.32B | 5.42B |
| Total Debt | 2.00B | 2.28B | 2.51B | 2.59B | 2.63B | 1.92B |
| Net Cash (Debt) | -1.73B | -2.03B | -2.24B | -2.12B | -2.03B | -1.56B |
| Net Cash Per Share | -26.42 | -30.73 | -33.26 | -30.13 | -27.05 | -19.93 |
| Filing Date Shares Outstanding | 65.10M | 64.85M | 65.84M | 68.17M | 71.15M | 76.56M |
| Total Common Shares Outstanding | 65.10M | 64.89M | 65.99M | 68.23M | 71.36M | 76.93M |
| Working Capital | 738.40M | 634.60M | 833.90M | 757.60M | 1.21B | 682.40M |
| Book Value Per Share | 25.97 | 25.05 | 28.68 | 30.59 | 28.62 | 24.88 |
| Tangible Book Value | 198.40M | 89.60M | 7.90M | 78.70M | 77.30M | -26.30M |
| Tangible Book Value Per Share | 3.05 | 1.38 | 0.12 | 1.15 | 1.08 | -0.34 |
| Land | 43.80M | 44.00M | 44.10M | 42.40M | 34.70M | |
| Buildings | 681.50M | 642.10M | 619.70M | 564.40M | 479.30M | |
| Machinery | 1.60B | 1.54B | 1.55B | 1.49B | 1.33B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 211.10M | -137.30M | 130.10M | 420.40M | 677.00M | 593.30M |
| Depreciation & Amortization | 296.80M | 292.50M | 288.80M | 272.90M | 231.20M | 178.10M |
| Asset Writedown & Restructuring Costs | 22.90M | 323.20M | 91.70M | 19.50M | 18.90M | 800.00K |
| Loss (Gain) From Sale of Investments | 19.20M | |||||
| Stock-Based Compensation | 50.40M | 38.70M | 23.40M | 22.40M | 21.90M | 29.70M |
| Other Operating Activities | -32.00M | -51.40M | 100.00K | 21.20M | -18.00M | 14.90M |
| Change in Accounts Receivable | -73.40M | -73.40M | 45.00M | 54.50M | -74.60M | -85.10M |
| Change in Inventory | 114.30M | 114.30M | 112.80M | 700.00K | -292.80M | -343.20M |
| Change in Accounts Payable | -26.10M | -26.10M | -144.20M | -86.10M | -12.20M | 134.20M |
| Change in Other Net Operating Assets | 9.40M | 105.20M | -98.20M | 500.00K | 29.00M | 63.50M |
| Operating Cash Flow | 569.30M | 562.10M | 431.40M | 733.60M | 586.10M | 574.00M |
| Capital Expenditures | -198.20M | -165.80M | -167.40M | -289.30M | -388.30M | -267.10M |
| Sale of Property, Plant & Equipment | 17.60M | 12.60M | 15.00M | 14.80M | 11.30M | 7.20M |
| Cash Acquisitions | -32.50M | -200.00K | -31.80M | -103.60M | -93.80M | -1.14B |
| Divestitures | 400.00K | 400.00K | 9.50M | |||
| Investment in Securities | -4.60M | 6.50M | 4.10M | -800.00K | -14.90M | 44.60M |
| Other Investing Activities | -400.00K | 4.90M | 1.70M | 42.50M | ||
| Investing Cash Flow | -217.70M | -141.60M | -168.90M | -378.90M | -443.20M | -1.35B |
| Short-Term Debt Issued | 173.10M | 113.70M | 132.20M | |||
| Long-Term Debt Issued | 396.90M | 741.80M | 994.40M | |||
| Total Debt Issued | -119.50M | 173.10M | 510.60M | 874.00M | 994.40M | |
| Short-Term Debt Repaid | -3.90M | -125.00M | ||||
| Long-Term Debt Repaid | -412.60M | -613.20M | -82.30M | -59.10M | -128.40M | |
| Total Debt Repaid | -69.60M | -412.60M | -613.20M | -86.20M | -184.10M | -128.40M |
| Net Debt Issued (Repaid) | -189.10M | -239.50M | -102.60M | -86.20M | 689.90M | 866.00M |
| Repurchase of Common Stock | -91.20M | -87.40M | -209.30M | -288.80M | -466.40M | -133.80M |
| Common Dividends Paid | -113.70M | -112.60M | -112.30M | -112.00M | -108.60M | -98.90M |
| Other Financing Activities | -500.00K | -1.70M | -18.50M | -4.10M | -11.50M | |
| Financing Cash Flow | -394.50M | -441.20M | -442.70M | -487.00M | 110.80M | 621.80M |
| Foreign Exchange Rate Adjustments | -4.10M | 9.70M | -12.80M | 2.70M | -11.90M | -5.50M |
| Net Cash Flow | -47.00M | -11.00M | -193.00M | -129.60M | 241.80M | -163.60M |
| Free Cash Flow | 371.10M | 396.30M | 264.00M | 444.30M | 197.80M | 306.90M |
| Free Cash Flow Margin | 6.48% | 7.39% | 5.04% | 6.94% | 2.90% | 5.25% |
| Free Cash Flow Per Share | 5.66 | 6.01 | 3.92 | 6.30 | 2.63 | 3.92 |
| Levered Free Cash Flow | 393.96M | 422.88M | 276.46M | 380.66M | 79.72M | 104.36M |
| Unlevered Free Cash Flow | 454.77M | 492.69M | 355.59M | 450.91M | 141.04M | 145.55M |
| Cash Interest Paid | 115.00M | 115.00M | 140.20M | 117.20M | 95.30M | 72.70M |
| Cash Income Tax Paid | 48.20M | 48.20M | 93.50M | 175.40M | 196.90M | 146.70M |
| Change in Working Capital | 24.20M | 120.00M | -84.60M | -30.40M | -350.60M | -230.60M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.88B | 4.83B | 4.27B | 6.66B | 5.23B | 7.77B |
| Enterprise Value | 6.61B | 6.87B | 6.70B | 8.87B | 7.33B | 8.18B |
| Last Close Price | 75.34 | 73.06 | 61.89 | 90.68 | 66.24 | 90.88 |
| PE Ratio | 23.40 | 32.80 | 15.84 | 7.72 | 13.09 | |
| Forward PE | 14.72 | 18.55 | 13.89 | 11.25 | 6.76 | 11.34 |
| PS Ratio | 0.85 | 0.90 | 0.81 | 1.04 | 0.77 | 1.33 |
| PB Ratio | 2.90 | 2.97 | 2.25 | 3.19 | 2.56 | 4.06 |
| P/TBV Ratio | 24.61 | 53.89 | 540.23 | 84.59 | 67.61 | |
| P/FCF Ratio | 13.16 | 12.18 | 16.17 | 14.98 | 26.42 | 25.30 |
| P/OCF Ratio | 8.58 | 8.59 | 9.89 | 9.07 | 8.92 | 13.53 |
| PEG Ratio | 0.67 | 0.67 | 0.67 | 0.30 | 1.21 | |
| EV/Sales Ratio | 1.16 | 1.28 | 1.28 | 1.39 | 1.08 | 1.40 |
| EV/EBITDA Ratio | 9.93 | 11.35 | 9.26 | 8.34 | 6.09 | 8.12 |
| EV/EBIT Ratio | 17.91 | 21.95 | 15.41 | 11.21 | 7.54 | 9.87 |
| EV/FCF Ratio | 17.82 | 17.34 | 25.38 | 19.98 | 37.08 | 26.64 |
| Debt / Equity Ratio | 1.18 | 1.40 | 1.33 | 1.24 | 1.29 | 1.00 |
| Debt / EBITDA Ratio | 3.00 | 3.38 | 3.16 | 2.29 | 2.09 | 1.82 |
| Debt / FCF Ratio | 5.39 | 5.76 | 9.51 | 5.83 | 13.32 | 6.25 |
| Net Debt / Equity Ratio | 1.02 | 1.25 | 1.19 | 1.02 | 1.00 | 0.82 |
| Net Debt / EBITDA Ratio | 2.60 | 3.34 | 3.10 | 2.00 | 1.69 | 1.55 |
| Net Debt / FCF Ratio | 4.67 | 5.11 | 8.49 | 4.78 | 10.29 | 5.09 |
| Asset Turnover | 1.05 | 0.98 | 0.88 | 1.02 | 1.16 | 1.27 |
| Inventory Turnover | 3.26 | 3.19 | 2.76 | 3.10 | 3.60 | 4.32 |
| Quick Ratio | 0.55 | 0.55 | 0.55 | 0.55 | 0.77 | 0.58 |
| Current Ratio | 1.51 | 1.44 | 1.65 | 1.43 | 1.81 | 1.47 |
| Return on Equity (ROE) | 12.84% | -7.73% | 7.50% | 20.95% | 34.44% | 34.78% |
| Return on Assets (ROA) | 4.25% | 3.56% | 4.56% | 7.88% | 10.35% | 11.26% |
| Return on Invested Capital (ROIC) | 9.12% | 8.04% | 7.65% | 13.14% | 20.56% | 24.58% |
| Return on Capital Employed (ROCE) | 9.20% | 8.10% | 9.90% | 17.70% | 20.10% | 20.80% |
| Earnings Yield | 4.27% | -2.84% | 3.05% | 6.31% | 12.95% | 7.64% |
| FCF Yield | 7.60% | 8.21% | 6.19% | 6.67% | 3.79% | 3.95% |
| Dividend Yield | 2.34% | 2.31% | 2.60% | 1.64% | 1.99% | 1.26% |
| Payout Ratio | 54.66% | 86.32% | 26.64% | 16.04% | 16.67% | |
| Buyback Yield / Dilution | 0.83% | 2.23% | 4.40% | 6.25% | 4.08% | 1.63% |
| Total Shareholder Return | 3.17% | 4.54% | 7.00% | 7.89% | 6.08% | 2.89% |