A Business at a Glance
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BRINKS CO
BCO
$5.2B
Mkt Cap
$122.00
+0.75%
BRINKS CO (BCO) has a current P/E ratio of 26.0, compared to its historical median P/E of 27.7. The stock is currently considered Fair based on its historical valuation range.
BRINKS CO (BCO) has a 5-year average return on invested capital (ROIC) of 10.2%. This indicates solid capital allocation.
BRINKS CO (BCO) has a market capitalization of $5.0B. It is classified as a mid-cap stock.
Yes, BRINKS CO (BCO) pays a dividend with a trailing twelve-month yield of 0.84%. The company also returns capital through share buybacks, with a buyback yield of 3.88%.
Based on historical P/E analysis, BRINKS CO (BCO) appears fair. The current P/E of 26.0 is 6% below its historical median of 27.7. The estimated fair value CAGR (P/E method) is 49.1%.
BRINKS CO (BCO) operates in the Arrangement Of Transportation Of Freight & Cargo industry, within the Industrials sector.
BRINKS CO (BCO) reported annual revenue of $5.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
The Brink's Company is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, operating in more than 100 countries with approximately 65,400 employees across roughly 1,200 facilities and 15,900 vehicles. The company operates through four geographic segments—North America, Latin America, Europe, and Rest of World—and generates revenue primarily from three service lines: Cash and Valuables Management (CVS), which accounted for 72% of total revenues in 2025 and includes secure transportation and storage of currency, precious metals, and other valuables; Digital Retail Solutions (DRS), which provides technology-enabled cash handling and point-of-sale integration for retail customers; and ATM Managed Services (AMS), which offers outsourced management of ATM networks. The business model is characterized by long-term contracts, with cash logistics services typically covering initial terms of one to three years and cash management, DRS, and AMS contracts generally being longer-duration subscription-based arrangements. Brink's differentiates through rigorous security practices, high-quality customer service, risk management expertise, and logistics capabilities, serving financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations globally. The company is shifting its revenue mix toward higher-margin recurring subscription-based AMS and DRS services, which are expected to approach one-third of total company revenue by year-end 2026, while maintaining its established CVS business that serves as a stable foundation.
【Strategic acquisition and margin expansion】 Management expects organic growth in 2026 to remain consistent in the mid-single digits on a standalone basis, with AMS and DRS accelerating at mid-to-high teens rates and approaching one-third of total company revenue by year-end. On a standalone basis for 2026, EBITDA margins are expected to expand by 30–50 basis points as the company shifts revenue to higher-margin services and drives cost productivity across operations. The pending acquisition of NCR Atleos, expected to close by the end of the first quarter of 2027, is anticipated to accelerate growth in AMS and DRS through a more vertically integrated offering and deliver $200 million in annual run-rate cost synergies through elimination of duplicative SG&A and public company costs, service delivery network optimization, and global procurement savings. The combined company is expected to generate approximately $1 billion of free cash flow, with net debt leverage targeted to return to the 2x–3x range by the end of 2027, providing flexibility for strategic investments and shareholder returns.
No forward guidance provided.
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 5.4B | 5.3B | 5.0B | 4.9B | 4.5B | 4.2B |
| Net Income | 180M | 200M | 163M | 88M | 171M | 105M |
| EPS | $4.35 | $4.69 | $3.63 | $1.87 | $3.57 | $2.10 |
| Free Cash Flow | 544M | 436M | 204M | 500M | 297M | 310M |
| ROIC | 11.4% | 12.1% | 10.3% | 8.6% | 10.7% | 9.1% |
| Gross Margin | - | 25.8% | 25.3% | 24.0% | 23.7% | 23.0% |
| Debt/Equity | 15.86 | 16.62 | 23.00 | 9.75 | 8.34 | 26.71 |
| Dividends/Share | $1.03 | $1.01 | $0.95 | $0.86 | $0.80 | $0.75 |
| Operating Income | 577M | 586M | 453M | 425M | 361M | 355M |
| Operating Margin | 10.7% | 11.1% | 9.0% | 8.7% | 8.0% | 8.4% |
| ROE | 68.8% | 86.3% | 56.0% | 20.8% | 59.8% | 83.6% |
| Shares Outstanding | 41M | 43M | 45M | 47M | 48M | 50M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 3.6B | 3.1B | 3.0B | 3.3B | 3.5B | 3.7B | 3.7B | 4.2B | 4.5B | 4.9B | 5.0B | 5.3B | 5.4B |
| Gross Margin | 17.2% | 20.2% | 20.8% | 22.1% | 22.5% | 23.1% | 22.0% | 23.0% | 23.7% | 24.0% | 25.3% | 25.8% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 561M | 452M | 424M | 468M | 509M | 605M | 585M | 630M | 687M | 688M | 835M | 778M | 843M |
| EBIT | -28M | 96M | 185M | 274M | 275M | 237M | 214M | 355M | 361M | 425M | 453M | 586M | 577M |
| Op. Margin | -0.8% | 3.1% | 6.1% | 8.2% | 7.9% | 6.4% | 5.8% | 8.4% | 8.0% | 8.7% | 9.0% | 11.1% | 10.7% |
| Net Income | -84M | -12M | 35M | 17M | -33M | 29M | 16M | 105M | 171M | 88M | 163M | 200M | 180M |
| Net Margin | -2.4% | -0.4% | 1.1% | 0.5% | -1.0% | 0.8% | 0.4% | 2.5% | 3.8% | 1.8% | 3.3% | 3.8% | 3.3% |
| Non-Recurring | 25M | 38M | 19M | 13M | 18M | 7.7M | 16M | 9.5M | 9.0M | 10M | 4.8M | 4.1M | 4.1M |
| Returns on Capital | |||||||||||||
| ROIC | -3.4% | 9.2% | 19.8% | 22.1% | 14.9% | 9.1% | 6.7% | 9.1% | 10.7% | 8.6% | 10.3% | 12.1% | 11.4% |
| ROE | -14.9% | -3.2% | 10.5% | 5.1% | -14.1% | 16.8% | 10.0% | 83.6% | 59.8% | 20.8% | 56.0% | 86.3% | 68.8% |
| ROA | -3.6% | -0.6% | 1.8% | 0.7% | -1.1% | 0.8% | 0.4% | 2.0% | 2.9% | 1.4% | 2.5% | 2.9% | 2.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 141M | 196M | 190M | 296M | 364M | 369M | 318M | 478M | 480M | 702M | 426M | 640M | 728M |
| Free Cash Flow | 5.2M | 95M | 78M | 122M | 209M | 204M | 199M | 310M | 297M | 500M | 204M | 436M | 544M |
| Owner Earnings | -38M | 42M | 49M | 132M | 174M | 141M | 80M | 205M | 186M | 395M | 96M | 323M | 401M |
| CapEx | 136M | 101M | 112M | 175M | 155M | 165M | 119M | 168M | 183M | 203M | 223M | 203M | 184M |
| Maint. CapEx | 162M | 140M | 132M | 147M | 162M | 185M | 207M | 240M | 246M | 276M | 293M | 291M | 300M |
| Growth CapEx | 0 | 0 | 0 | 28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 162M | 140M | 132M | 147M | 162M | 185M | 207M | 240M | 246M | 276M | 293M | 291M | 300M |
| CapEx/OCF | 96.3% | 51.6% | 67.0% | 58.9% | 42.6% | 44.7% | 37.3% | 35.1% | 38.0% | 28.9% | 52.2% | 31.8% | 25.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 19M | 20M | 20M | 28M | 30M | 30M | 30M | 37M | 38M | 40M | 42M | 42M | 42M |
| Dividend Yield | 1.7% | 1.5% | 1.3% | 0.9% | 0.9% | 0.8% | 1.1% | 1.1% | 1.4% | 1.2% | 1.0% | 1.0% | 0.8% |
| Share Buybacks | 0 | 0 | 0 | 0 | 94M | 0 | 50M | 200M | 52M | 170M | 204M | 209M | 195M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 1.4% | 6.3% | 2.1% | 4.2% | 5.0% | 4.1% | 3.9% |
| Stock-Based Comp | 17M | 14M | 9.5M | 18M | 28M | 43M | 31M | 33M | 49M | 32M | 37M | 26M | 27M |
| Debt Repayment | 589M | 634M | 606M | 1000M | 643M | 1.1B | 1.0B | 2.8B | 6.8B | 9.3B | 12.9B | 17.9B | 17.9B |
| Balance Sheet | |||||||||||||
| Net Debt | 290M | 215M | 251M | 584M | 1.2B | 1.6B | 2.2B | 2.6B | 2.7B | 2.7B | 2.8B | 2.9B | 2.6B |
| Cash & Equiv. | 176M | 182M | 184M | 614M | 343M | 311M | 621M | 710M | 972M | 1.2B | 1.4B | 1.7B | 1.5B |
| Long-Term Debt | 373M | 358M | 248M | 1.1B | 1.5B | 1.6B | 2.3B | 2.8B | 3.3B | 3.3B | 3.6B | 3.8B | 3.8B |
| Debt/Equity | 1.08 | 1.35 | 1.31 | 3.90 | 10.11 | 10.05 | 21.97 | 26.71 | 8.34 | 9.75 | 23.00 | 16.62 | 15.86 |
| Interest Coverage | -1.2 | 5.1 | 9.0 | 8.5 | 4.1 | 2.6 | 2.2 | 3.2 | 2.6 | 2.1 | 1.9 | 2.4 | 18.2 |
| Equity | 434M | 318M | 337M | 317M | 154M | 192M | 129M | 123M | 447M | 397M | 185M | 278M | 262M |
| Total Assets | 2.2B | 1.9B | 2.0B | 3.1B | 3.2B | 3.8B | 5.1B | 5.6B | 6.4B | 6.6B | 6.6B | 7.3B | 7.3B |
| Total Liabilities | 1.7B | 1.6B | 1.6B | 2.7B | 3.1B | 3.6B | 4.9B | 5.3B | 5.8B | 6.1B | 6.3B | 6.9B | 6.9B |
| Intangibles | 40M | 29M | 19M | 106M | 229M | 273M | 426M | 491M | 536M | 488M | 422M | 385M | 368M |
| Retained Earnings | 593M | 561M | 576M | 565M | 429M | 457M | 408M | 313M | 417M | 333M | 285M | 270M | 266M |
| Working Capital | 179M | 136M | 90M | 653M | 357M | 231M | 479M | 571M | 923M | 844M | 990M | 1.1B | 1.1B |
| Current Assets | 908M | 778M | 844M | 1.5B | 1.2B | 1.2B | 1.8B | 2.0B | 2.6B | 2.8B | 2.9B | 3.3B | 3.3B |
| Current Liabilities | 728M | 642M | 754M | 835M | 849M | 1.0B | 1.3B | 1.4B | 1.7B | 1.9B | 1.9B | 2.2B | 2.1B |
| Per Share Data | |||||||||||||
| EPS | -1.71 | -0.24 | 0.68 | 0.32 | -0.65 | 0.57 | 0.31 | 2.10 | 3.57 | 1.87 | 3.63 | 4.69 | 4.35 |
| Owner EPS | -0.77 | 0.85 | 0.97 | 2.53 | 3.39 | 2.77 | 1.54 | 4.10 | 3.88 | 8.41 | 2.14 | 7.58 | 9.74 |
| Book Value | 8.85 | 6.41 | 6.64 | 6.08 | 3.00 | 3.77 | 2.50 | 2.46 | 9.36 | 8.47 | 4.12 | 6.52 | 6.36 |
| Cash Flow/Share | 2.88 | 3.95 | 3.75 | 5.68 | 7.11 | 7.24 | 6.16 | 9.54 | 10.04 | 14.98 | 9.49 | 15.02 | 11.65 |
| Dividends/Share | 0.40 | 0.40 | 0.40 | 0.55 | 0.60 | 0.60 | 0.60 | 0.75 | 0.80 | 0.86 | 0.95 | 1.01 | 1.03 |
| Shares Out. | 49.1M | 49.6M | 50.7M | 52.2M | 51.2M | 50.9M | 51.6M | 50.1M | 47.8M | 46.9M | 44.9M | 42.6M | 41.2M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | 54.9 | 226.1 | N/A | 148.8 | 217.5 | 30.0 | 14.4 | 46.4 | 24.9 | 25.5 | 28.0 |
| P/FCF | 201.1 | 13.7 | 24.3 | 31.0 | 14.4 | 21.2 | 17.5 | 10.2 | 8.2 | 8.1 | 20.0 | 11.6 | 9.2 |
| EV/EBIT | N/A | 24.2 | 10.7 | 13.8 | 14.1 | 22.5 | 22.1 | 13.2 | 10.8 | 12.3 | 11.4 | 10.0 | 13.2 |
| Price/Book | 2.4 | 4.1 | 5.6 | 11.9 | 19.5 | 22.5 | 27.0 | 25.6 | 5.5 | 10.2 | 22.0 | 18.3 | 19.2 |
| Price/Sales | 0.3 | 0.4 | 0.5 | 0.9 | 1.0 | 1.0 | 0.7 | 0.8 | 0.6 | 0.7 | 0.8 | 0.8 | 0.9 |
| FCF Yield | 0.5% | 7.3% | 4.1% | 3.2% | 7.0% | 4.7% | 5.7% | 9.8% | 12.1% | 12.3% | 5.0% | 8.6% | 10.8% |
| Market Cap | 1.0B | 1.3B | 1.9B | 3.8B | 3.0B | 4.3B | 3.5B | 3.2B | 2.5B | 4.1B | 4.1B | 5.1B | 5.0B |
| Avg. Price | 23.59 | 25.66 | 30.35 | 60.80 | 68.08 | 75.42 | 52.86 | 69.38 | 58.15 | 67.67 | 94.63 | 98.49 | 122.00 |
| Year-End Price | 21.31 | 26.27 | 37.34 | 72.36 | 58.62 | 84.81 | 67.43 | 62.90 | 51.32 | 86.81 | 90.55 | 119.39 | 122.00 |
BRINKS CO passes 5 of 9 quality checks, suggesting mixed fundamentals.
BRINKS CO trades at 26.0x trailing earnings, compared to its 15-year median P/E of 27.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 11.5x vs a median of 15.9x. The company's 5-year average ROIC is 10.2% with a gross margin of 24.3%. Total shareholder yield (dividends + buybacks) is 4.7%. At current prices, the estimated annualized return to fair value is +13.5%.
BRINKS CO (BCO) has a net profit margin of 3.8%. This is a modest margin.
BRINKS CO (BCO) generated $436 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BRINKS CO (BCO) has a debt-to-equity ratio of 16.62. This indicates higher leverage, which may increase financial risk.
BRINKS CO (BCO) reported earnings per share (EPS) of $4.69 in its most recent fiscal year.
BRINKS CO (BCO) has a return on equity (ROE) of 86.3%. This indicates the company generates strong returns for shareholders.
BRINKS CO (BCO) has a 5-year average gross margin of 24.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for BRINKS CO (BCO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BRINKS CO (BCO) has a book value per share of $6.52, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects organic growth in 2026 to remain consistent in the mid-single digits on a standalone basis, with AMS and DRS accelerating at mid-to-high teens rates and approaching one-third of total company revenue by year-end. On a standalone basis for 2026, EBITDA margins are expected to expand by 30–50 basis points as the company shifts revenue to higher-margin services and drives cost productivity across operations. The pending acquisition of NCR Atleos, expected to close by the end of the first quarter of 2027, is anticipated to accelerate growth in AMS and DRS through a more vertically integrated offering and deliver $200 million in annual run-rate cost synergies through elimination of duplicative SG&A and public company costs, service delivery network optimization, and global procurement savings. The combined company is expected to generate approximately $1 billion of free cash flow, with net debt leverage targeted to return to the 2x–3x range by the end of 2027, providing flexibility for strategic investments and shareholder returns.
No recent press releases.