Brady (BRC) financial statements
Brady reported revenue of $1.7B in fiscal 2026, up 4.5% a year over 9 years.
Net income was $205M and the operating margin 15.9%, against 11.8% in 2017.
Free cash flow was $193M, and the company returned $46M in dividends and $42M in net buybacks.
The diluted share count fell 8% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Brady's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.2B | $1.1B | $1.1B | $1.3B | $1.3B | $1.3B | $1.5B | $1.7B |
| Cost of revenue | $555M | $586M | $582M | $553M | $583M | $671M | $675M | $654M | $753M | $802M |
| Gross profit | $558M | $588M | $579M | $529M | $561M | $632M | $657M | $688M | $761M | $860M |
| Research and development | $40M | $45M | $45M | $41M | $45M | $59M | $61M | $68M | $80M | $94M |
| Selling, general and admin | $388M | $390M | $371M | $336M | $350M | $380M | $371M | $377M | $444M | $502M |
| Operating income | $131M | $153M | $162M | $138M | $167M | $193M | $225M | $243M | $237M | $263M |
| Interest expense | $6M | $3M | $3M | $2M | $437,000 | $1M | $4M | $3M | $5M | $10M |
| Pre-tax income | $127M | $152M | $165M | $141M | $171M | $192M | $226M | $248M | $237M | $259M |
| Income tax | $31M | $61M | $33M | $28M | $36M | $42M | $51M | $51M | $48M | $54M |
| Net income | $96M | $91M | $131M | $112M | $130M | $150M | $175M | $197M | $189M | $205M |
| Diluted shares | 52M | 53M | 53M | 53M | 52M | 52M | 50M | 48M | 48M | 48M |
| Gross margin | 50.1% | 50.1% | 49.9% | 48.9% | 49.0% | 48.5% | 49.4% | 51.3% | 50.3% | 51.7% |
| Operating margin | 11.8% | 13.0% | 14.0% | 12.8% | 14.6% | 14.8% | 16.9% | 18.1% | 15.6% | 15.9% |
| Net margin | 8.6% | 7.8% | 11.3% | 10.4% | 11.3% | 11.5% | 13.1% | 14.7% | 12.5% | 12.4% |
Balance sheet
Fiscal years, from Brady's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $134M | $181M | $279M | $218M | $147M | $114M | $152M | $250M | $174M | $187M |
| Receivables | $150M | $161M | $158M | $146M | $171M | $183M | $184M | $185M | $232M | $261M |
| Inventory | $107M | $113M | $120M | $136M | $136M | $190M | $177M | $153M | $201M | $225M |
| Total current assets | $408M | $471M | $573M | $509M | $465M | $498M | $525M | $600M | $622M | $689M |
| Property, plant and equipment | $98M | $98M | $110M | $115M | $122M | $140M | $142M | $196M | $226M | $254M |
| Goodwill | $438M | $420M | $411M | $416M | $614M | $587M | $593M | $590M | $677M | $686M |
| Total assets | $1.1B | $1.1B | $1.2B | $1.1B | $1.4B | $1.4B | $1.4B | $1.5B | $1.7B | $1.9B |
| Total current liabilities | $187M | $191M | $242M | $186M | $258M | $255M | $258M | $265M | $330M | $356M |
| Long-term debt | $105M | $53M | $0 | — | — | — | — | — | — | — |
| Total liabilities | $350M | $305M | $307M | $279M | $415M | $456M | $398M | $449M | $542M | $494M |
| Shareholders' equity | $700M | $700M | $700M | $752M | $963M | $911M | $991M | $1.1B | $1.2B | $1.4B |
| Net debt | -$29M | -$129M | -$229M | -$218M | -$147M | -$114M | -$152M | -$250M | -$174M | -$187M |
Cash flow
Fiscal years, from Brady's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $144M | $143M | $162M | $141M | $206M | $118M | $209M | $255M | $181M | $244M |
| Capital spending | $15M | $22M | $33M | $27M | $27M | $43M | $19M | $80M | $28M | $51M |
| Free cash flow | $129M | $121M | $129M | $114M | $178M | $75M | $190M | $175M | $154M | $193M |
| Stock-based compensation | $9M | $10M | $12M | $9M | $10M | $11M | $8M | $7M | $12M | $23M |
| Dividends paid | $42M | $43M | $45M | $46M | $46M | $46M | $45M | $45M | $46M | $46M |
| Share buybacks (net) | $0 | -$1M | -$3M | -$65M | -$4M | -$109M | -$75M | -$72M | -$51M | -$42M |
| Free cash flow margin | 11.6% | 10.3% | 11.1% | 10.5% | 15.6% | 5.8% | 14.3% | 13.1% | 10.1% | 11.6% |
| Dividends per share | $0.81 | $0.82 | $0.84 | $0.86 | $0.87 | $0.89 | $0.91 | $0.93 | $0.95 | $0.97 |
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Open BRC in InvestinglyQuestions
What was Brady's revenue in 2026?
$1.7B in fiscal 2026, from its 10-K filing.
How much free cash flow does Brady generate?
$193M in fiscal 2026 (operating cash flow minus capital spending).
From Brady's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.