BRUNSWICK CORP BC
Brunswick Corporation is a global leader in marine recreation, delivering innovation that transforms experiences on the water and beyond. Our unique, technology-driven solutions are informed and inspired by deep consumer insights and powered by our belief that "Next Never Rests."™ We design, manufacture, and market recreational marine products, including leading marine propulsion products and boats, as well as parts and accessories for the marine and RV markets, and we operate the world's largest boat club. We are dedicated to global industry leadership, to being the best and most trusted partner to our many customers, and to building synergies and ecosystems that enable us to challenge convention and define the future. Incorporated in Delaware on December 31, 1907, Brunswick has traded on the New York Stock Exchange for over 100 years.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.36B | $5.24B | $6.40B | $6.81B | $5.85B | $4.35B | $4.11B | $4.12B | $3.80B | $4.49B |
| Cost of revenue | $4.03B | $3.89B | $4.61B | $4.87B | $4.18B | $3.13B | $2.99B | $3.07B | $2.85B | $3.26B |
| Gross profit | $1.33B | $1.35B | $1.79B | $1.95B | $1.67B | $1.21B | $1.12B | $1.05B | $1.26B | $1.18B |
| R&D | $168.7M | $169.6M | $185.2M | $202.9M | $154.5M | $125.9M | $121.6M | $121.5M | $111.6M | $139.2M |
| SG&A | $851.1M | $747.9M | $812.2M | $771.4M | $697.8M | $543.7M | $509.6M | $515.2M | $458.1M | $598.1M |
| Total operating expenses | $1.35B | $1.02B | $1.04B | $999.3M | — | — | — | — | — | — |
| Operating income | -$40.7M | $311.6M | $734.9M | $947.8M | $812.9M | $539.3M | $471.0M | $355.5M | $330.3M | $479.5M |
| Interest expense | $111.7M | $126.6M | $112.4M | $98.1M | $65.9M | $67.3M | $76.0M | $46.0M | $26.4M | $27.5M |
| Pre-tax income | -$135.7M | $203.3M | $628.9M | $853.6M | $736.4M | $472.7M | $110.7M | $310.7M | $212.9M | $389.7M |
| Income tax | $200.0K | $54.0M | $196.3M | $172.3M | $141.0M | $98.0M | $80.3M | $57.3M | $111.6M | $115.3M |
| Net income | -$137.3M | $130.1M | $420.4M | $677.0M | $593.3M | $372.7M | -$131.0M | $265.3M | $146.4M | $276.0M |
| EPS, basic | -2.08 | 1.94 | 5.99 | 9.05 | 7.63 | 4.70 | -1.54 | 3.03 | 1.64 | 3.03 |
| EPS, diluted | -2.08 | 1.93 | 5.96 | 9.00 | 7.57 | 4.68 | -1.53 | 3.01 | 1.62 | 3.00 |
| Shares, diluted (wtd. avg.) | $65.9M | $67.4M | $70.5M | $75.2M | $78.4M | $79.7M | $85.6M | $88.2M | $90.1M | $92.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $256.8M | $269.0M | $467.8M | $608.5M | $366.7M | $530.3M | $331.9M | $303.4M | $458.2M | $433.6M |
| Short-term investments | $800.0K | $800.0K | $800.0K | $4.5M | $800.0K | $56.7M | $800.0K | $800.0K | $800.0K | $35.8M |
| Receivables | $522.8M | $429.0M | $493.2M | $543.0M | $485.3M | $337.6M | $331.8M | $351.8M | $485.3M | $411.5M |
| Inventory | $1.19B | $1.30B | $1.48B | $1.47B | $1.21B | $711.8M | $824.5M | $774.0M | $827.7M | $699.0M |
| Total current assets | $2.06B | $2.11B | $2.51B | $2.70B | $2.12B | $1.67B | $1.53B | $1.88B | $1.85B | $1.69B |
| Property, plant and equipment | $1.21B | $1.25B | $1.32B | $1.27B | $1.05B | $863.6M | $796.4M | $694.5M | $706.0M | $569.0M |
| Goodwill | $681.2M | $966.1M | $1.03B | $967.6M | $888.4M | $417.7M | $415.0M | $377.3M | $33.9M | $413.8M |
| Other intangibles | $854.8M | $918.3M | $978.0M | $997.4M | $1.05B | $552.3M | $583.5M | $585.8M | $149.1M | $160.1M |
| Total assets | $5.31B | $5.68B | $6.23B | $6.32B | $5.42B | $3.77B | $3.56B | $4.29B | $3.36B | $3.28B |
| Accounts payable | $374.9M | $393.4M | $558.0M | $662.6M | $693.5M | $457.6M | $393.5M | $458.2M | $420.5M | $378.2M |
| Short-term debt | $295.4M | $242.8M | $454.7M | $89.0M | $37.4M | $43.1M | $41.3M | $41.3M | $5.6M | $5.6M |
| Total current liabilities | $1.43B | $1.28B | $1.75B | $1.49B | $1.44B | $1.08B | $944.4M | $1.26B | $1.04B | $964.9M |
| Long-term debt | $1.81B | $2.10B | $1.98B | $2.42B | $1.78B | $908.3M | $1.07B | $1.18B | $431.8M | $433.8M |
| Retained earnings | $3.36B | $3.61B | $3.60B | $3.29B | $2.72B | $2.23B | $1.93B | $2.14B | $1.97B | $1.88B |
| Total equity | $1.63B | $1.89B | $2.09B | $2.04B | $1.91B | $1.51B | $1.30B | $1.58B | $1.48B | $1.44B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $562.1M | $431.4M | $733.6M | $586.1M | $574.0M | $798.3M | $434.2M | $337.0M | $400.3M | $435.3M |
| Depreciation and amortisation | $292.5M | $288.8M | $272.9M | $231.2M | $178.1M | $153.4M | $138.7M | $124.0M | $87.1M | $103.9M |
| Stock-based compensation | $38.7M | $23.4M | $22.4M | $21.9M | $29.7M | $27.1M | $17.3M | $16.7M | $15.9M | $16.1M |
| Capital expenditure | $165.8M | $167.4M | $289.3M | $388.3M | $267.1M | $182.4M | $232.6M | $180.2M | $178.0M | $193.9M |
| Investing cash flow | -$141.6M | -$168.9M | -$378.9M | -$443.2M | -$1.35B | -$246.9M | $194.7M | -$1.11B | -$178.9M | -$486.0M |
| Financing cash flow | -$441.2M | -$442.7M | -$487.0M | $110.8M | $621.8M | -$361.8M | -$600.8M | $620.5M | -$203.7M | -$185.8M |
| Dividends paid | $112.6M | $112.3M | $112.0M | $108.6M | $98.9M | $78.3M | $73.4M | $67.8M | $60.6M | $55.4M |
| Buybacks | $80.0M | $200.0M | $275.0M | $450.0M | $120.1M | $118.3M | $400.0M | $75.0M | $130.0M | $120.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000014930-26-000027.
Others in SIC 3510
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|---|---|---|---|---|
| CMI | CUMMINS INC | $77.20B | 27.4x | -1.3% |
| BWXT | BWX Technologies, Inc. | $14.44B | 44.0x | 18.3% |
| PSIX | POWER SOLUTIONS INTERNATIONAL, INC. | $933.9M | 8.2x | 51.8% |
| CEPL | Capstone Energy Plus, Inc. | $194.3M | — | 27.8% |
| CYD | CHINA YUCHAI INTERNATIONAL LTD | — | — | — |
| WPRT | WESTPORT FUEL SYSTEMS INC. | — | — | -42.7% |