Brinks (BCO) financial statements
Brinks reported revenue of $5.3B in fiscal 2025, up 6.4% a year over 9 years.
Net income was $200M and the operating margin 11.1%, against 6.1% in 2016.
Free cash flow was $436M, and the company returned $42M in dividends and $209M in net buybacks.
The diluted share count fell 16% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Brinks's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0B | $3.3B | $3.5B | $3.7B | $3.7B | $4.2B | $4.5B | $4.9B | $5.0B | $5.3B |
| Cost of revenue | $2.4B | $2.6B | $2.7B | $2.8B | $2.9B | $3.2B | $3.5B | $3.7B | $3.7B | $3.9B |
| Gross profit | $629M | $739M | $786M | $851M | $814M | $964M | $1.1B | $1.2B | $1.3B | $1.4B |
| Operating income | $184M | $274M | $275M | $237M | $214M | $355M | $361M | $425M | $453M | $586M |
| Interest expense | $20M | $32M | $67M | $91M | $96M | $112M | $139M | $204M | $235M | $246M |
| Pre-tax income | $125M | $182M | $42M | $94M | $79M | $236M | $226M | $236M | $266M | $354M |
| Income tax | $78M | $158M | $70M | $61M | $57M | $120M | $41M | $139M | $93M | $143M |
| Net income | $34M | $17M | -$33M | $29M | $16M | $105M | $171M | $88M | $163M | $200M |
| EPS (diluted) | $0.68 | $0.32 | -$0.65 | $0.57 | $0.31 | $2.10 | $3.57 | $1.87 | $3.63 | $4.69 |
| Diluted shares | 51M | 52M | 51M | 51M | 51M | 50M | 48M | 47M | 45M | 42M |
| Gross margin | 20.8% | 22.1% | 22.5% | 23.1% | 22.0% | 23.0% | 23.7% | 24.0% | 25.3% | 25.8% |
| Operating margin | 6.1% | 8.2% | 7.9% | 6.4% | 5.8% | 8.4% | 8.0% | 8.7% | 9.0% | 11.1% |
| Net margin | 1.1% | 0.5% | -1.0% | 0.8% | 0.4% | 2.5% | 3.8% | 1.8% | 3.3% | 3.8% |
Balance sheet
Fiscal years, from Brinks's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $184M | $614M | $343M | $311M | $621M | $710M | $972M | $1.2B | $1.4B | $1.7B |
| Receivables | $501M | $642M | $600M | $636M | $679M | $702M | $862M | $779M | $734M | $766M |
| Total current assets | $844M | $1.5B | $1.2B | $1.2B | $1.8B | $2.0B | $2.6B | $2.8B | $2.9B | $3.3B |
| Property, plant and equipment | $531M | $641M | $699M | $763M | $838M | $866M | $935M | $1.0B | $983M | $1.1B |
| Goodwill | $186M | $454M | $679M | $785M | $1.2B | $1.4B | $1.5B | $1.5B | $1.4B | $1.5B |
| Total assets | $2.0B | $3.1B | $3.2B | $3.8B | $5.1B | $5.6B | $6.4B | $6.6B | $6.6B | $7.3B |
| Total current liabilities | $754M | $835M | $849M | $1.0B | $1.3B | $1.4B | $1.7B | $1.9B | $1.9B | $2.2B |
| Long-term debt | $248M | $1.1B | $1.5B | $1.6B | $2.3B | $2.8B | $3.3B | $3.3B | $3.6B | $3.8B |
| Total liabilities | $1.6B | $2.7B | $3.1B | $3.6B | $4.9B | $5.3B | $5.8B | $6.1B | $6.3B | $6.9B |
| Shareholders' equity | $337M | $317M | $154M | $192M | $129M | $123M | $447M | $397M | $185M | $278M |
| Net debt | $97M | $577M | $1.2B | $1.3B | $1.9B | $2.2B | $2.4B | $2.2B | $2.4B | $2.2B |
Cash flow
Fiscal years, from Brinks's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $190M | $296M | $364M | $369M | $318M | $478M | $480M | $702M | $426M | $640M |
| Capital spending | $112M | $174M | $155M | $165M | $118M | $168M | $183M | $203M | $222M | $203M |
| Free cash flow | $78M | $122M | $209M | $204M | $199M | $310M | $297M | $500M | $204M | $436M |
| Stock-based compensation | $10M | $18M | $28M | $43M | $31M | $33M | $49M | $32M | $36M | $26M |
| Dividends paid | $20M | $28M | $30M | $30M | $30M | $37M | $38M | $40M | $42M | $42M |
| Share buybacks (net) | — | — | -$94M | $0 | -$50M | -$200M | -$52M | -$170M | -$204M | -$209M |
| Net borrowing | $115M | -$125M | $1M | -$15M | -$4M | -$4M | $38M | $99M | $13M | $78M |
| Free cash flow margin | 2.6% | 3.6% | 6.0% | 5.5% | 5.4% | 7.4% | 6.6% | 10.3% | 4.1% | 8.3% |
| Dividends per share | $0.39 | $0.53 | $0.60 | $0.59 | $0.59 | $0.74 | $0.79 | $0.84 | $0.93 | $1.00 |
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Open BCO in InvestinglyQuestions
What was Brinks's revenue in 2025?
$5.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does Brinks generate?
$436M in fiscal 2025 (operating cash flow minus capital spending).
From Brinks's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.