NYSE : BCO
The Brink's Company — Financial statements
Industrials · Security & Protection Services · United States
Last price 102.19 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.21B
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Financial statements
The Brink's Company (BCO) reported revenue of 5.48B 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 | 5.48B | 5.26B | 5.01B | 4.87B | 4.54B | 4.20B |
| Cost of Revenue | 4.03B | 3.90B | 3.74B | 3.71B | 3.46B | 3.24B |
| Gross Profit | 1.45B | 1.36B | 1.27B | 1.17B | 1.07B | 964.40M |
| Selling, General & Admin | 899.90M | 779.90M | 834.70M | 688.60M | 698.10M | 661.90M |
| Other Operating Expenses | -15.70M | -13.40M | -13.50M | -12.40M | -13.40M | 11.70M |
| Operating Expenses | 884.20M | 766.50M | 821.20M | 676.20M | 684.70M | 673.60M |
| Operating Income | 564.60M | 591.50M | 447.60M | 491.30M | 388.90M | 290.80M |
| Interest Expense | -253.50M | -245.50M | -235.40M | -203.80M | -138.80M | -112.20M |
| Interest & Investment Income | 18.90M | 27.30M | 48.90M | 36.30M | 23.60M | 12.10M |
| Earnings From Equity Investments | 3.10M | 2.80M | 3.00M | 2.80M | 2.10M | 1.10M |
| Currency Exchange Gain (Loss) | 19.10M | 9.00M | 24.20M | 14.20M | -24.30M | 24.60M |
| Other Non Operating Income (Expenses) | -7.20M | -5.70M | -7.70M | -10.90M | -10.70M | 3.20M |
| EBT Excluding Unusual Items | 345.00M | 379.40M | 280.60M | 329.90M | 240.80M | 219.60M |
| Merger & Restructuring Charges | -5.60M | -6.50M | ||||
| Gain (Loss) on Sale of Investments | -2.20M | -3.80M | 5.00M | -12.80M | 16.00M | |
| Gain (Loss) on Sale of Assets | -700.00K | -600.00K | 3.90M | 1.90M | ||
| Asset Writedown | -3.40M | -4.10M | -4.80M | -10.30M | -9.00M | -9.50M |
| Legal Settlements | 4.40M | |||||
| Other Unusual Items | -15.40M | -17.00M | -18.40M | -72.90M | -7.30M | |
| Pretax Income | 323.30M | 353.90M | 266.30M | 235.80M | 226.20M | 235.50M |
| Income Tax Expense | 132.00M | 143.30M | 92.70M | 139.20M | 41.40M | 120.30M |
| Earnings From Continuing Operations | 191.30M | 210.60M | 173.60M | 96.60M | 184.80M | 115.20M |
| Earnings From Discontinued Operations | -300.00K | -400.00K | 1.10M | 1.70M | -2.90M | 2.10M |
| Net Income to Company | 191.00M | 210.20M | 174.70M | 98.30M | 181.90M | 117.30M |
| Minority Interest in Earnings | -10.10M | -10.50M | -11.80M | -10.60M | -11.30M | -12.10M |
| Net Income | 180.90M | 199.70M | 162.90M | 87.70M | 170.60M | 105.20M |
| Net Income to Common | 180.90M | 199.70M | 162.90M | 87.70M | 170.60M | 105.20M |
| Shares Outstanding (Basic) | 41.50M | 42.20M | 44.30M | 46.20M | 47.30M | 49.50M |
| Shares Outstanding (Diluted) | 41.75M | 42.50M | 44.80M | 46.90M | 47.80M | 50.10M |
| EPS (Basic) | 4.36 | 4.73 | 3.68 | 1.90 | 3.61 | 2.13 |
| EPS (Diluted) | 4.32 | 4.69 | 3.63 | 1.87 | 3.57 | 2.10 |
| Free Cash Flow | 393.60M | 436.40M | 203.50M | 499.70M | 297.30M | 310.10M |
| Free Cash Flow Per Share | 9.43 | 10.27 | 4.54 | 10.65 | 6.22 | 6.19 |
| Dividend Per Share | 1.02 | 1.01 | 0.95 | 0.86 | 0.80 | 0.75 |
| Gross Margin | 26.43% | 25.81% | 25.32% | 23.95% | 23.67% | 22.96% |
| Operating Margin | 10.30% | 11.24% | 8.93% | 10.08% | 8.58% | 6.92% |
| Profit Margin | 3.30% | 3.80% | 3.25% | 1.80% | 3.76% | 2.50% |
| Free Cash Flow Margin | 7.18% | 8.29% | 4.06% | 10.25% | 6.55% | 7.38% |
| EBITDA | 883.70M | 882.30M | 740.90M | 765.90M | 633.70M | 530.30M |
| EBITDA Margin | 16.12% | 16.77% | 14.78% | 15.71% | 13.97% | 12.63% |
| D&A For EBITDA | 319.10M | 290.80M | 293.30M | 274.60M | 244.80M | 239.50M |
| EBIT | 564.60M | 591.50M | 447.60M | 491.30M | 388.90M | 290.80M |
| EBIT Margin | 10.30% | 11.24% | 8.93% | 10.08% | 8.58% | 6.92% |
| Effective Tax Rate | 40.83% | 40.49% | 34.81% | 59.03% | 18.30% | 51.08% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.66B | 1.73B | 1.40B | 1.18B | 972.00M | 710.30M |
| Trading Asset Securities | 400.00K | |||||
| Cash & Short-Term Investments | 1.66B | 1.73B | 1.40B | 1.18B | 972.00M | 710.30M |
| Accounts Receivable | 876.40M | 651.70M | 603.70M | 673.00M | 733.80M | 612.20M |
| Other Receivables | 167.70M | 171.00M | 142.10M | 167.30M | 114.30M | |
| Receivables | 876.40M | 819.40M | 774.70M | 815.10M | 901.10M | 726.50M |
| Prepaid Expenses | 331.10M | 173.80M | 164.40M | 177.00M | 244.80M | 171.10M |
| Restricted Cash | 489.70M | 541.00M | 445.10M | 507.00M | 438.50M | 376.40M |
| Other Current Assets | 11.70M | 68.90M | 108.40M | 112.60M | 41.00M | 15.20M |
| Total Current Assets | 3.37B | 3.33B | 2.89B | 2.79B | 2.60B | 2.00B |
| Property, Plant & Equipment | 1.48B | 1.52B | 1.34B | 1.35B | 1.25B | 1.16B |
| Long-Term Investments | 31.70M | 47.70M | 42.10M | 39.30M | 24.10M | |
| Goodwill | 1.50B | 1.52B | 1.43B | 1.47B | 1.45B | 1.41B |
| Other Intangible Assets | 353.60M | 385.20M | 422.30M | 488.30M | 535.50M | 491.20M |
| Long-Term Accounts Receivable | 15.80M | 143.90M | 115.00M | 91.30M | ||
| Long-Term Deferred Tax Assets | 240.30M | 237.30M | 239.20M | 231.80M | 246.20M | 239.40M |
| Long-Term Deferred Charges | 15.10M | |||||
| Other Long-Term Assets | 351.20M | 177.60M | 138.50M | 135.20M | 246.90M | 236.10M |
| Total Assets | 7.33B | 7.34B | 6.62B | 6.60B | 6.37B | 5.57B |
| Accounts Payable | 330.10M | 319.30M | 316.60M | 249.70M | 296.50M | 211.20M |
| Accrued Expenses | 937.90M | 676.80M | 627.10M | 398.30M | 628.90M | 543.80M |
| Short-Term Debt | 248.80M | 241.10M | 149.30M | 151.70M | 47.20M | 9.80M |
| Current Portion of Long-Term Debt | 98.40M | 90.40M | 80.30M | 59.60M | 39.40M | 80.50M |
| Current Portion of Leases | 164.90M | 139.60M | 137.00M | 117.70M | 120.30M | |
| Current Income Taxes Payable | 20.40M | 28.00M | 37.80M | 25.70M | 43.10M | |
| Current Unearned Revenue | 14.00M | 15.00M | 15.00M | 21.40M | 17.00M | 17.90M |
| Other Current Liabilities | 449.00M | 670.00M | 542.50M | 888.60M | 502.40M | 402.40M |
| Total Current Liabilities | 2.08B | 2.20B | 1.90B | 1.94B | 1.67B | 1.43B |
| Long-Term Debt | 3.62B | 3.61B | 3.43B | 3.09B | 3.12B | 2.71B |
| Long-Term Leases | 588.00M | 507.90M | 452.30M | 442.10M | 399.10M | 377.30M |
| Pension & Post-Retirement Benefits | 274.70M | 275.10M | 240.50M | 314.50M | 311.40M | 548.50M |
| Long-Term Deferred Tax Liabilities | 65.60M | 66.50M | 62.80M | 56.50M | 67.80M | 49.20M |
| Other Long-Term Liabilities | 262.00M | 272.10M | 225.10M | 238.20M | 218.70M | 198.30M |
| Total Liabilities | 6.89B | 6.93B | 6.31B | 6.08B | 5.80B | 5.31B |
| Common Stock | 41.20M | 41.10M | 42.90M | 44.50M | 46.30M | 47.40M |
| Additional Paid-In Capital | 627.50M | 632.10M | 660.70M | 675.90M | 684.10M | 670.60M |
| Retained Earnings | 299.40M | 270.10M | 285.40M | 333.00M | 417.20M | 312.90M |
| Comprehensive Income & Other | -657.60M | -665.60M | -804.10M | -656.00M | -700.50M | -907.90M |
| Total Common Equity | 310.50M | 277.70M | 184.90M | 397.40M | 447.10M | 123.00M |
| Minority Interest | 131.90M | 129.60M | 127.60M | 122.80M | 123.10M | 129.60M |
| Shareholders' Equity | 442.40M | 407.30M | 312.50M | 520.20M | 570.20M | 252.60M |
| Total Liabilities & Equity | 7.33B | 7.34B | 6.62B | 6.60B | 6.37B | 5.57B |
| Total Debt | 4.56B | 4.62B | 4.25B | 3.88B | 3.73B | 3.30B |
| Net Cash (Debt) | -2.90B | -2.87B | -2.83B | -2.68B | -2.72B | -2.57B |
| Net Cash Per Share | -69.39 | -67.57 | -63.09 | -57.21 | -56.82 | -51.20 |
| Filing Date Shares Outstanding | 41.19M | 41.15M | 43.14M | 44.41M | 46.52M | 47.55M |
| Total Common Shares Outstanding | 41.20M | 41.10M | 42.90M | 44.50M | 46.30M | 47.40M |
| Working Capital | 1.29B | 1.13B | 989.50M | 844.20M | 922.60M | 570.50M |
| Book Value Per Share | 7.54 | 6.76 | 4.31 | 8.93 | 9.66 | 2.59 |
| Tangible Book Value | -1.55B | -1.62B | -1.67B | -1.56B | -1.54B | -1.78B |
| Tangible Book Value Per Share | -37.58 | -39.48 | -38.98 | -35.16 | -33.25 | -37.55 |
| Land | 52.60M | 47.60M | 54.30M | 49.90M | 50.40M | |
| Buildings | 215.40M | 220.20M | 231.60M | 219.90M | 218.10M | |
| Machinery | 1.57B | 1.30B | 1.30B | 1.23B | 1.16B | |
| Leasehold Improvements | 308.40M | 284.80M | 291.20M | 271.70M | 271.40M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 180.90M | 199.70M | 162.90M | 87.70M | 170.60M | 105.20M |
| Depreciation & Amortization | 319.10M | 290.80M | 293.30M | 274.60M | 244.80M | 239.50M |
| Asset Writedown & Restructuring Costs | 8.00M | 8.70M | 4.80M | 11.50M | 10.00M | 9.50M |
| Loss (Gain) From Sale of Investments | 2.10M | 23.30M | -15.50M | 10.90M | 700.00K | -17.70M |
| Stock-Based Compensation | 27.30M | 26.00M | 36.50M | 32.10M | 48.60M | 33.10M |
| Other Operating Activities | 53.10M | 32.70M | -46.20M | 122.80M | 14.40M | 56.50M |
| Change in Accounts Receivable | -43.00M | -1.50M | 15.60M | 69.00M | -180.90M | -21.20M |
| Change in Accounts Payable | 58.50M | -6.40M | 122.40M | -36.30M | 139.20M | 45.10M |
| Change in Other Net Operating Assets | -45.40M | 65.80M | -146.70M | 131.80M | 29.60M | 30.10M |
| Operating Cash Flow | 560.90M | 639.50M | 426.00M | 702.40M | 479.90M | 478.00M |
| Capital Expenditures | -167.30M | -203.10M | -222.50M | -202.70M | -182.60M | -167.90M |
| Sale of Property, Plant & Equipment | 14.30M | 18.50M | 29.20M | 18.40M | 5.70M | 7.70M |
| Cash Acquisitions | -700.00K | -6.00M | -19.10M | -1.50M | -173.90M | -313.20M |
| Divestitures | 1.10M | |||||
| Investment in Securities | 38.10M | 11.90M | -14.60M | 15.70M | -18.60M | 19.50M |
| Other Investing Activities | 100.00K | -30.70M | 3.70M | 300.00K | 64.10M | -800.00K |
| Investing Cash Flow | -109.00M | -202.40M | -216.20M | -179.80M | -331.20M | -454.70M |
| Short-Term Debt Issued | 78.10M | 12.90M | 98.60M | 37.70M | ||
| Long-Term Debt Issued | 18.15B | 13.70B | 9.29B | 7.25B | 3.39B | |
| Total Debt Issued | 20.15B | 18.23B | 13.72B | 9.39B | 7.29B | 3.39B |
| Short-Term Debt Repaid | -4.30M | |||||
| Long-Term Debt Repaid | -18.05B | -13.39B | -9.37B | -6.92B | -2.98B | |
| Total Debt Repaid | -20.12B | -18.05B | -13.39B | -9.37B | -6.92B | -2.98B |
| Net Debt Issued (Repaid) | 26.00M | 175.00M | 325.20M | 18.80M | 366.60M | 411.40M |
| Issuance of Common Stock | 800.00K | 600.00K | 2.30M | |||
| Repurchase of Common Stock | -131.70M | -231.00M | -222.20M | -177.90M | -64.40M | -205.50M |
| Common Dividends Paid | -42.20M | -42.30M | -41.80M | -39.60M | -37.60M | -37.20M |
| Other Financing Activities | -34.10M | -16.40M | -19.00M | -8.40M | -19.40M | 300.00K |
| Financing Cash Flow | -181.20M | -114.10M | 42.20M | -207.10M | 245.20M | 171.30M |
| Foreign Exchange Rate Adjustments | -24.90M | 103.50M | -95.20M | -42.40M | -70.10M | -50.80M |
| Net Cash Flow | 245.80M | 426.50M | 156.80M | 273.10M | 323.80M | 143.80M |
| Free Cash Flow | 393.60M | 436.40M | 203.50M | 499.70M | 297.30M | 310.10M |
| Free Cash Flow Margin | 7.18% | 8.29% | 4.06% | 10.25% | 6.55% | 7.38% |
| Free Cash Flow Per Share | 9.43 | 10.27 | 4.54 | 10.65 | 6.22 | 6.19 |
| Levered Free Cash Flow | 391.24M | 393.95M | 294.32M | 425.49M | 184.31M | 242.62M |
| Unlevered Free Cash Flow | 549.67M | 547.39M | 441.45M | 552.86M | 271.06M | 312.75M |
| Cash Interest Paid | 242.20M | 239.60M | 235.30M | 195.80M | 117.50M | 107.70M |
| Cash Income Tax Paid | 140.50M | 135.70M | 122.10M | 96.30M | 127.80M | 83.80M |
| Change in Working Capital | -29.90M | 57.90M | -8.70M | 164.50M | -12.10M | 54.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.23B | 4.85B | 4.05B | 3.96B | 2.49B | 3.22B |
| Enterprise Value | 7.13B | 7.96B | 7.08B | 6.82B | 5.20B | 5.76B |
| Last Close Price | 102.71 | 115.97 | 91.19 | 85.61 | 51.62 | 62.18 |
| PE Ratio | 23.78 | 24.28 | 24.85 | 45.18 | 14.62 | 30.64 |
| Forward PE | 10.82 | 13.31 | 12.83 | 11.80 | 8.50 | 11.53 |
| PS Ratio | 0.77 | 0.92 | 0.81 | 0.81 | 0.55 | 0.77 |
| PB Ratio | 13.63 | 11.91 | 12.96 | 7.62 | 4.38 | 12.76 |
| P/FCF Ratio | 10.75 | 11.11 | 19.89 | 7.93 | 8.39 | 10.39 |
| P/OCF Ratio | 7.54 | 7.58 | 9.50 | 5.64 | 5.20 | 6.74 |
| PEG Ratio | 1.22 | 1.22 | 1.22 | 1.22 | 1.22 | |
| EV/Sales Ratio | 1.30 | 1.51 | 1.41 | 1.40 | 1.15 | 1.37 |
| EV/EBITDA Ratio | 8.07 | 9.02 | 9.56 | 8.90 | 8.20 | 10.87 |
| EV/EBIT Ratio | 12.62 | 13.45 | 15.82 | 13.88 | 13.36 | 19.82 |
| EV/FCF Ratio | 18.11 | 18.23 | 34.80 | 13.65 | 17.48 | 18.59 |
| Debt / Equity Ratio | 10.30 | 11.34 | 13.61 | 7.45 | 6.54 | 13.06 |
| Debt / EBITDA Ratio | 3.77 | 3.97 | 4.56 | 4.10 | 4.68 | 4.71 |
| Debt / FCF Ratio | 11.57 | 10.58 | 20.90 | 7.76 | 12.54 | 10.64 |
| Net Debt / Equity Ratio | 6.55 | 7.05 | 9.04 | 5.16 | 4.76 | 10.16 |
| Net Debt / EBITDA Ratio | 3.28 | 3.25 | 3.81 | 3.50 | 4.29 | 4.84 |
| Net Debt / FCF Ratio | 7.36 | 6.58 | 13.89 | 5.37 | 9.14 | 8.27 |
| Asset Turnover | 0.76 | 0.75 | 0.76 | 0.75 | 0.76 | 0.79 |
| Quick Ratio | 1.22 | 1.16 | 1.14 | 1.02 | 1.12 | 1.00 |
| Current Ratio | 1.62 | 1.51 | 1.52 | 1.43 | 1.55 | 1.40 |
| Return on Equity (ROE) | 46.24% | 58.52% | 41.70% | 17.72% | 44.92% | 50.63% |
| Return on Assets (ROA) | 4.90% | 5.29% | 4.23% | 4.74% | 4.07% | 3.40% |
| Return on Invested Capital (ROIC) | 10.04% | 10.88% | 9.13% | 6.15% | 10.30% | 5.39% |
| Return on Capital Employed (ROCE) | 10.70% | 11.50% | 9.50% | 10.50% | 8.30% | 7.00% |
| Earnings Yield | 4.21% | 4.12% | 4.02% | 2.21% | 6.84% | 3.26% |
| FCF Yield | 9.30% | 9.00% | 5.03% | 12.61% | 11.92% | 9.62% |
| Dividend Yield | 0.99% | 0.85% | 1.00% | 0.97% | 1.49% | 1.10% |
| Payout Ratio | 23.61% | 21.18% | 25.66% | 45.15% | 22.04% | 35.36% |
| Buyback Yield / Dilution | 4.46% | 5.13% | 4.48% | 1.88% | 4.59% | 1.38% |
| Total Shareholder Return | 5.46% | 5.99% | 5.48% | 2.85% | 6.08% | 2.48% |