BRINKS CO financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BRINKS CO files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	3,021	3,347	3,489	3,683	3,691	4,200	4,536	4,875	5,012	5,261
Cost of revenue	2,392	2,608	2,703	2,832	2,877	3,236	3,462	3,707	3,743	3,903
Gross profit	629	739	786	851	814	964	1,074	1,168	1,269	1,358
Operating income	185	274	275	237	214	355	361	425	453	586
Interest expense	20.4	32.2	66.7	90.6	96.5	112	139	204	235	246
Interest income	2.6	4.1	6.9	5.6	5.6	12.1	23.6	36.3	48.9	27.3
Other non-operating income	-39.1	-60.2	-38.8	-52.7	-37.7	-7	3.7	14.4	48.7	13.9
Pre-tax income	125	182	42.5	93.5	79.3	236	226	236	266	354
Income tax	78.5	158	70	61	56.6	120	41.4	139	92.7	143
Income from continuing operations	36.2	16.9	-33.3	28.3	16.8	103	174	86	162	200
Net income to minority interests	10.3	6.9	5.8	4.2	5.9	12.1	11.3	10.6	11.8	10.5
Net income	34.5	16.7	-33.3	29	16	105	171	87.7	163	200
EBITDA	316	421	437	422	420	594	607	701	746	876
EPS, basic	0.69	0.33	-0.65	0.58	0.32	2.12	3.61	1.90	3.68	4.73
EPS, diluted	0.68	0.32	-0.65	0.57	0.31	2.10	3.57	1.87	3.63	4.69
Shares, basic (weighted)	50	50.7	50.9	50.2	50.4	49.5	47.3	46.2	44.3	42.2
Shares, diluted (weighted)	50.6	51.8	50.9	51.1	50.8	50.1	47.8	46.9	44.8	42.5
Dividend per share	0.40	0.55	0.60	0.60	0.60	0.75	0.80	0.86	0.95	1.01

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	184	614	343	311	621	710	972	1,177	1,395	1,726
Receivables	501	642	600	636	679	702	862	779	734	766
Other current assets	104	119	128	128	193	211	325	326	314	296
Total current assets	844	1,488	1,207	1,233	1,815	2,000	2,597	2,788	2,888	3,329
Property, plant and equipment	531	641	699	763	838	866	935	1,013	983	1,131
Lease right-of-use assets			0	270	322	299	315	338	355	389
Goodwill	186	454	679	785	1,219	1,412	1,451	1,474	1,435	1,515
Intangible assets	19.1	106	229	273	426	491	536	488	422	385
Long-term investments	4.1	4.1	3.8	12	24.8	24.1	39.3	16.9	31.3	19.1
Other non-current assets	86.9	145	186	167	200	260	286	269	301	353
Total assets	1,995	3,060	3,236	3,764	5,136	5,567	6,366	6,602	6,623	7,339
Accounts payable	139	175	175	185	206	211	297	250	317	319
Accrued liabilities	386	489	502	628	779	877	1,019	1,127	1,058	1,180
Short-term debt	196	97.1	82.4	88.8	152	125	130	269	291	404
Total current liabilities	754	835	849	1,002	1,336	1,429	1,675	1,944	1,898	2,198
Long-term debt	248	1,140	1,472	1,555	2,334	2,842	3,273	3,263	3,605	3,810
Lease liabilities			0	218	267	242	250	266	279	310
Other non-current liabilities	136	150	169	183	251	211	225	245	232	279
Total liabilities	1,640	2,721	3,069	3,556	4,933	5,314	5,796	6,082	6,311	6,932
Total debt	280	1,203	1,535	1,639	2,489	2,971	3,369	3,389	3,762	3,985
Paid-in capital	618	629	628	663	672	671	684	676	661	632
Retained earnings	576	565	429	457	408	313	417	333	285	270
Other comprehensive income	-907	-927	-953	-979	-1,000	-908	-701	-656	-804	-666
Shareholders' equity	337	317	154	192	129	123	447	397	185	278
Minority interests	17.7	20.8	12.9	15.8	73.7	130	123	123	128	130
Total equity	355	338	167	208	203	253	570	520	313	407
Total liabilities and equity	1,995	3,060	3,236	3,764	5,136	5,567	6,366	6,602	6,623	7,339
Shares outstanding	50	50.5	49.7	50.1	49.5	47.4	46.3	44.5	42.9	41.1

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	44.8	23.6	-27.5	33.2	21.9	117	182	98.3	175	210
Depreciation and amortization	132	147	162	185	207	240	246	276	293	291
Stock-based compensation	9.5	17.7	28.2	42.7	31.3	33.1	48.6	32.1	36.5	26
Deferred income tax	-2.9	94.2	-20.5	-33.3	-28.2	14.6	-62.3	22.7	-18	21.3
Change in receivables	-53.2	-165	-49.7	15.8	45.1	-22.7	-160	83.2	45.5	-32.5
Cash from operations	190	296	364	369	318	478	480	702	426	640
Capital expenditures	-112	-175	-155	-165	-119	-168	-183	-203	-223	-203
Acquisitions	-0.7	-225	-521	-184	-440	-313	-174	-1.5	-19.1	-6
Purchases of investments	-9.2	-38	-62.4	-11.8	-2.9	-15.6	-30.3	-135	-71.8	-123
Sales and maturities of investments	9.1	38.3	54.2	1.3	2	35.1	11.7	150	57.2	135
Cash from investing	-109	-395	-673	-333	-565	-455	-331	-180	-216	-202
Stock issued	3	0	0	0	0	2.3	0	0	0	0.6
Share buybacks			-93.5	0	-50	-200	-52.2	-170	-204	-209
Dividends paid	-19.8	-27.7	-30.4	-29.9	-30.1	-37.2	-37.6	-39.6	-41.8	-42.3
Cash from financing	-25	587	93.4	-38	684	171	245	-207	42.2	-114
Exchange rate effect	-15.7	-0.9	-32.2	-8.1	37.9	-50.8	-70.1	-42.4	-95.2	104
Net change in cash	1.6	431	-247	-10.5	474	144	324	273	157	427
Free cash flow	78.1	122	209	204	199	310	297	500	204	436
Interest paid	20.1	27.1	63.7	84.2	80.4	108	118	196	235	240
Income taxes paid	64.3	83.8	90.6	23.9	76.8	83.8	128	96.3	122	136

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $106.82 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	26.4%	Gross profit / revenue.
Operating margin	10.5%	Operating income / revenue.
EBITDA margin	16.3%	EBITDA (operating income + depreciation and amortization) / revenue.
Net margin	3.3%	Net income / revenue.
Return on equity (ROE)	58.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	2.5%	Net income / average total assets.
Return on invested capital (ROIC)	17.2%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	0.5%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	3.1%	Capital expenditures / revenue.
D&A / revenue	5.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	5.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	5.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	7.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	7.0%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	8.1%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	10.8%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	29.2%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	17.5%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	22.4%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	17.4%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	13.0%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	15.8%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	22.6%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	5.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	65.7%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	29.2%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	9.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	72.2%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	50.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	10.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	15.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	114.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	13.6%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	17.0%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	6.3%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	8.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	10.9%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	50.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-14.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	16.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	10.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	4.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	7.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-5.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-3.8%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-3.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.62x	Current assets / current liabilities.
Quick ratio	1.21x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.80x	(Cash + short-term investments) / current liabilities.
Debt / equity	12.9x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	54.5%	Total debt / total assets.
Liabilities / assets	94.0%	Total liabilities / total assets.
Net debt	$2.34B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	2.61x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	2.27x	Operating income / interest expense.
Working capital	$1.29B	Current assets - current liabilities.
Goodwill and intangibles / assets	20.5%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$1.19B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.75x	Revenue / average total assets.
Fixed asset turnover	5.02x	Revenue / average property, plant and equipment.
Receivables turnover	6.33x	Revenue / average receivables.
Days sales outstanding	58 days	365 x average receivables / revenue.
Days payables	30 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$4.36	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$132.08	Revenue / diluted weighted shares.
Book value per share	$7.54	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$28.99	Tangible book value / shares outstanding.
Cash per share	$40.25	(Cash + short-term investments) / shares outstanding.
Payout ratio	23.3%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$4.40B	Share price x shares outstanding.
Enterprise value	$6.74B	Market cap + total debt - cash - short-term investments.
P/E	24.3x	Market cap / net income. Only when net income is positive.
P/S	0.80x	Market cap / revenue.
P/B	14.2x	Market cap / shareholders' equity. Only when equity is positive.
EV/Sales	1.23x	Enterprise value / revenue.
EV/EBIT	11.7x	Enterprise value / operating income, when both are positive.
EV/EBITDA	7.52x	Enterprise value / EBITDA, when both are positive.
Earnings yield	4.1%	Net income / market cap (the inverse of P/E).
Dividend yield	1.0%	Dividends paid over the period / market cap.
Shareholder yield	3.5%	(Dividends paid + share buybacks) / market cap.
PEG	2.55x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was BRINKS CO's revenue in fiscal 2025?

BRINKS CO reported revenue of $5.26B for fiscal 2025, 5% higher than the year before.

Was BRINKS CO profitable in fiscal 2025?

Yes. Net income was $199.7M, a net margin of 3.8%.

How much free cash flow did BRINKS CO generate in fiscal 2025?

Cash from operations of $639.5M minus capital expenditures of $203.1M left free cash flow of $436.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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