FUNDAMENTAL ANALYSIS
BRO
Brown & Brown
FUNDAMENTAL RATING
FUNDAMENTAL SCORE
37 / 100
Summary
Brown & Brown has delivered multi-year top-line growth: revenue compounded at 18.2% a year (CAGR, or compound annual growth rate) over the last three years and latest annual revenue rose 22.8%. Net income growth has lagged the top line, compounding at 16.2% a year and rising only 6.1% in the latest annual filing; the most recent quarter showed $240M in net income and a QoQ (quarter-over-quarter) decline of 16.7%. Assets cover liabilities 1.78 times, which supports near-term solvency. The Altman Z'' score is 1.96, in the grey zone between the distress threshold of 1.1 and the safe threshold of 2.6. A low Piotroski F-Score of 2 on a 0 to 9 quality scale indicates poor earnings-quality signals. The next earnings report must show a reversal in quarterly net income direction and renewed net income growth versus the prior year to confirm the current reading.
Revenue — Annual Comparison
Net Income — Annual Comparison
Quarterly Detail Charts
Quarterly Revenue
Quarterly Net Income
Piotroski F-Score Breakdown
2/9 · Bearish
Profitability — Net income positive this fiscal year
Pass
Return on Assets — Return on Assets improved year-over-year
Fail
Cash flow positive — Cash from operations positive this fiscal year
Pass
Earnings quality — Cash from operations exceeds net income
Fail
Leverage down — Long-term debt / total assets improved
Fail
Liquidity up — Current ratio improved year-over-year
Fail
No share dilution — Share count did not increase year-over-year
Fail
Margin up — Gross margin expanded year-over-year
N/A
Asset efficiency — Asset turnover improved year-over-year
Fail
Data Source
This dashboard applies a modified 9-signal Piotroski F-Score (Piotroski, 2000) and Altman Z-Score models. Fundamental filing data is sourced from the SEC's EDGAR XBRL database (primary), with API Ninjas as backup for freshly-filed 10-Ks not yet in SEC. Live price, market cap, and EPS display use Tiingo end-of-day data. This page is informational analysis, not investment advice. See Financial Disclaimer.
Recent Filings
Formula & Methodology
Trend inputAnnual revenue and net income year-over-year direction contributes 20% of the score.
Piotroski inputModified 9-test Piotroski F-Score (Quality) contributes 40% of the score.
Altman inputAltman Z-Score (Distress) contributes 40% of the score.
Rating ruleFormula: Trend (20%) + Piotroski F-Score (40%) + Altman Z-Score (40%). Trend blends annual revenue and net income year-over-year direction. Piotroski is the modified 9-test variant (7 classic + 2 cash-flow tests). Altman uses the 1968 Z-Score with Safe/Grey/Distress zones. Combined blend uses ±0.45 thresholds: Bullish at +0.45 or higher, Bearish at -0.45 or lower, Neutral in between. Missing sub-signals count as Neutral (0) and weights are not re-normalized — a company with fewer available signals must earn its rating from stronger reads on the remaining pillars.