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Brunswick

BC NYSE Leisure Products Financials FY2016–FY2025

Brunswick's revenue rose 2.4% to $5.4 billion in fiscal 2025. Its operating margin was −0.8%, down from 6.0% a year earlier. Free cash flow was $396 million, up 50.1%. It paid out $193 million in dividends and buybacks, 49% of free cash flow. The diluted share count fell 2.2%.

Last close · Oct 23, 2026

$65.88

3.5%
Value it Compare
Revenue Total sales reported in the income statement.
$5.4B
2.4% vs prior year
Operating margin Operating income as a share of revenue.
−0.8%
6.7 pts
Net income Profit after all expenses, interest and tax.
−$137M
205.5%
Free cash flow Cash from operations minus capital spending.
$396M
50.1%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
−0.8%
6.4 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$4.3B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
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What Brunswick does

No business description yet.

Legal name
Brunswick Corporation
Fiscal year ends
December 31, 2025
Latest annual report
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Accession · CIK
0000014930-26-000027
0000014930

Revenue and margins

Brunswick had $5.4B of revenue in fiscal 2025, up 2.4% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $396M in fiscal 2025, 7.4% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Brunswick returned $193M to shareholders in fiscal 2025, 49% of free cash flow. The diluted share count fell 2.2%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Brunswick yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

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Adds net cash of −$2.1B and divides by 65.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Balance sheet

Cash, debt and the ratios that show how comfortably Brunswick can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $368M$613M$480M$287M$276M
Debt incl. finance leases $1.8B$2.5B$2.5B$2.5B$2.4B
Net debt / EBITDA 1.5x1.6x2.0x3.7x8.5x
Debt / equity 1.0x1.3x1.2x1.3x1.5x
Interest coverage 12.3x9.7x6.5x2.5x−0.4x
Current ratio 1.5x1.8x1.4x1.7x1.4x
Quick ratio 0.6x0.8x0.6x0.6x0.6x
Total assets $5.4B$6.3B$6.2B$5.7B$5.3B
Total liabilities $3.5B$4.3B$4.1B$3.8B$3.7B
Shareholders' equity $1.9B$2.0B$2.1B$1.9B$1.6B
Net debt (− = net cash) $1.5B$1.9B$2.0B$2.2B$2.1B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$7.1M

4 insiders

Of sales under plans

1%

$0.1M

DateInsiderTradeSharesPriceValueFiling
Aug 3, 2026 Nancy E CooperDirector Sold plan 206 $78.45 $0.0M Form 4
May 26, 2026 David M FoulkesChief Executive Officer Sold 25,853 $83.12 $2.1M Form 4
May 1, 2026 Nancy E CooperDirector Sold plan 194 $79.36 $0.0M Form 4
Feb 19, 2026 Nancy E CooperDirector Sold plan 192 $87.64 $0.0M Form 4
Feb 17, 2026 Ryan M GwillimE.v.p., CFO, CSO Sold 12,785 $87.23 $1.1M Form 4
Feb 6, 2026 Christopher F DekkerE.v.p. Gen Counsel & Secretary Sold 4,981 $87.38 $0.4M Form 4
Feb 5, 2026 David M FoulkesChief Executive Officer Sold 38,266 $86.56 $3.3M Form 4
Nov 3, 2025 Nancy E CooperDirector Sold plan 233 $64.12 $0.0M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✕
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✕ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✕
Current ratio rose ✕ ✓ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✕ ✕ ✕
Revenue rose relative to assets ✕ ✕ ✓
F-score 5 / 95 / 94 / 9
Accruals ratio −5.0%−5.1%−12.7%
Altman Z'' 4.003.933.26

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Brunswick BC $4.3B 2.4% −0.8% 7.4% −0.8% — 4
Hasbro HAS $16.8B 13.1% 0.2% 15.5% 0.3% 21.0x 5 Compare →
Mattel MAT $4.7B −0.6% 10.2% 9.0% 13.5% 12.1x 5 Compare →
Polaris PII $3.1B −0.3% −4.9% 7.8% −10.5% — 3 Compare →
Thor Industries THO $3.7B 0.3% — 1.8% 4.4% 20.7x 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $4.5B $3.8B $4.1B $4.1B $4.3B $5.8B $6.8B $6.4B $5.2B $5.4B
Gross profit $1.2B $1.3B $1.0B $1.1B $1.2B $1.7B $1.9B $1.8B $1.4B $1.3B
Research and development $139M $112M $122M $122M $126M $155M $203M $185M $170M $169M
Operating income $480M $330M $356M $471M $539M $813M $948M $735M $312M −$40.7M
Interest expense $27.5M $26.4M $46.0M $76.0M $67.3M $65.9M $98.1M $112M $127M $112M
Pretax income $390M $213M $311M $111M $473M $736M $854M $629M $203M −$136M
Income tax $115M $112M $57.3M $80.3M $98.0M $141M $172M $196M $54.0M $0.2M
Net income $276M $146M $265M −$131M $373M $593M $677M $420M $130M −$137M
Diluted EPS $3.00 $1.62 $3.01 −$1.53 $4.68 $7.57 $9.00 $5.96 $1.93 −$2.08
Diluted shares 0.09B 0.09B 0.09B 0.09B 0.08B 0.08B 0.08B 0.07B 0.07B 0.07B
Cash flow
Cash from operations $435M $400M $337M $434M $798M $574M $586M $734M $431M $562M
Capital expenditure $194M $178M $180M $233M $182M $267M $388M $289M $167M $166M
Free cash flow $241M $222M $157M $202M $616M $307M $198M $444M $264M $396M
Depreciation and amortization $104M $87.1M $124M $139M $153M $178M $231M $273M $289M $293M
Stock-based compensation $16.1M $15.9M $16.7M $17.3M $27.1M $29.7M $21.9M $22.4M $23.4M $38.7M
Acquisitions $276M $15.5M $910M $64.1M $0.0M $1.1B $93.8M $104M $31.8M $0.2M
Share buybacks $120M $130M $75.0M $400M $118M $120M $450M $275M $200M $80.0M
Dividends paid $55.4M $60.6M $67.8M $73.4M $78.3M $98.9M $109M $112M $112M $113M
Dividends and buybacks $176M $191M $143M $473M $197M $219M $559M $387M $312M $193M
Balance sheet
Cash and short-term investments $469M $459M $304M $333M $587M $368M $613M $480M $287M $276M
Total debt $439M $437M $1.2B $1.1B $1.0B $1.8B $2.5B $2.5B $2.5B $2.4B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $1.7B $1.8B $1.9B $1.5B $1.7B $2.1B $2.7B $2.5B $2.1B $2.1B
Current liabilities $965M $1.0B $1.3B $944M $1.1B $1.4B $1.5B $1.8B $1.3B $1.4B
Inventory $699M $828M $774M $825M $712M $1.2B $1.5B $1.5B $1.3B $1.2B
Property and equipment, net $569M $706M $695M $796M $864M $1.0B $1.3B $1.3B $1.3B $1.2B
Total assets $3.3B $3.4B $4.3B $3.6B $3.8B $5.4B $6.3B $6.2B $5.7B $5.3B
Total liabilities $1.8B $1.9B $2.7B $2.3B $2.3B $3.5B $4.3B $4.1B $3.8B $3.7B
Shareholders' equity $1.4B $1.5B $1.6B $1.3B $1.5B $1.9B $2.0B $2.1B $1.9B $1.6B
Margins
Gross margin 26.3% 33.2% 25.4% 27.3% 27.9% 28.5% 28.6% 27.9% 25.8% 24.8%
Operating margin 10.7% 8.7% 8.6% 11.5% 12.4% 13.9% 13.9% 11.5% 6.0% −0.8%
EBITDA margin 13.0% 11.0% 11.6% 14.8% 15.9% 17.0% 17.3% 15.7% 11.5% 4.7%
Net margin 6.2% 3.9% 6.4% −3.2% 8.6% 10.2% 9.9% 6.6% 2.5% −2.6%
FCF margin 5.4% 5.9% 3.8% 4.9% 14.2% 5.3% 2.9% 6.9% 5.0% 7.4%
Returns
Return on capital 27.3% 11.5% 14.6% 10.3% 21.2% 24.6% 20.5% 12.6% 5.6% −0.8%
Return on capital employed 21.0% 14.2% 13.3% 16.7% 20.3% 24.4% 21.5% 15.8% 7.0% −1.0%
Return on equity 20.3% 10.0% 17.3% −9.1% 26.5% 34.7% 34.2% 20.4% 6.5% −7.8%
Return on assets 8.6% 4.4% 6.9% −3.3% 10.2% 12.9% 11.5% 6.7% 2.2% −2.5%
Growth
Revenue growth 18.7% −15.3% 8.4% −0.3% 5.8% 34.5% 16.5% −6.0% −18.2% 2.4%
Net income growth 14.3% −47.0% 81.2% −149.4% — 59.2% 14.1% −37.9% −69.1% −205.5%
EPS growth 17.2% −46.0% 85.8% −150.8% — 61.8% 18.9% −33.8% −67.6% −207.8%
FCF growth 11.6% −7.9% −29.5% 28.6% 205.5% −50.2% −35.6% 124.6% −40.6% 50.1%
Share count change −2.4% −2.1% −2.1% −3.0% −6.9% −1.6% −4.1% −6.3% −4.4% −2.2%
Financial health
Net debt / EBITDA −0.1x −0.1x 1.9x 1.3x 0.6x 1.5x 1.6x 2.0x 3.7x 8.5x
Debt / equity 0.3x 0.3x 0.8x 0.9x 0.7x 1.0x 1.3x 1.2x 1.3x 1.5x
Interest coverage 17.4x 12.5x 7.7x 6.2x 8.0x 12.3x 9.7x 6.5x 2.5x −0.4x
Current ratio 1.8x 1.8x 1.5x 1.6x 1.6x 1.5x 1.8x 1.4x 1.7x 1.4x
Quick ratio 1.0x 1.0x 0.9x 0.7x 0.9x 0.6x 0.8x 0.6x 0.6x 0.6x
Capital allocation
Capex / revenue 4.3% 4.7% 4.4% 5.7% 4.2% 4.6% 5.7% 4.5% 3.2% 3.1%
Stock comp / revenue 0.4% 0.4% 0.4% 0.4% 0.6% 0.5% 0.3% 0.4% 0.5% 0.7%
Payouts / FCF 72.8% 85.7% 91.1% 234.8% 31.9% 71.4% 282.4% 87.1% 118.3% 48.6%
Quality scores
Piotroski F-score 7.0 7.0 6.0 6.0 8.0 6.0 5.0 5.0 5.0 4.0
Altman Z'' 5.1 5.0 3.8 4.3 4.6 4.0 4.5 4.0 3.9 3.3
Accruals ratio −5.0% −7.6% −1.9% −14.4% −11.6% 0.4% 1.6% −5.0% −5.1% −12.7%

Source: SEC EDGAR XBRL filings (CIK 0000014930). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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