A Business at a Glance
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BRIGHT HORIZONS FAMILY SOLUTIONS INC.
BFAM
$4.4B
Mkt Cap
$75.77
+1.95%
BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) has a current P/E ratio of 22.6, compared to its historical median P/E of 45.1. The stock is currently considered Cheap based on its historical valuation range.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) has a 5-year average return on invested capital (ROIC) of 6.0%. This is below average and may indicate limited pricing power.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) has a market capitalization of $4.0B. It is classified as a mid-cap stock.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 10.75%.
Based on historical P/E analysis, BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) appears cheap. The current P/E of 22.6 is 50% below its historical median of 45.1. The estimated fair value CAGR (P/E method) is 3.3%.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) operates in the Services-Child Day Care Services industry, within the Industrials sector.
Our Company For 40 years, Bright Horizons has been a champion for working families — designing and delivering innovative education and care solutions. We are a leading provider of high-quality early education and child care, comprehensive back-up care solutions and educational advisory services. Our offerings support both working families and employers’ workforce strategies by supporting their employees across life and career stages, and improving employee recruitment, engagement, productivity, retention, and career advancement. We provide services primarily under multi-year contracts with employer-clients who offer early education and child care, back-up care, and educational advisory services as part of their employee benefits package. We are committed to providing the highest quality education and care across all of our offerings, underpinned by rigorous quality standards, research-informed practices and a focus on measurable outcomes for families and employers.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.0B | 2.9B | 2.7B | 2.4B | 2.0B | 1.8B |
| Net Income | 189M | 193M | 140M | 74M | 80M | 70M |
| EPS | $3.38 | $3.36 | $2.40 | $1.28 | $1.37 | $1.15 |
| Free Cash Flow | 275M | 259M | 240M | 165M | 118M | 164M |
| ROIC | 11.8% | 9.4% | 7.0% | 4.3% | 4.7% | 4.4% |
| Gross Margin | 23.7% | 23.8% | 23.1% | 22.0% | 23.7% | 23.6% |
| Debt/Equity | 0.78 | 1.17 | 1.40 | 1.53 | 1.74 | 1.51 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 317M | 315M | 247M | 171M | 158M | 129M |
| Operating Margin | 10.6% | 10.7% | 9.2% | 7.1% | 7.8% | 7.4% |
| ROE | 16.5% | 14.8% | 11.3% | 6.5% | 7.1% | 5.7% |
| Shares Outstanding | 53M | 57M | 58M | 58M | 59M | 61M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.4B | 1.5B | 1.6B | 1.7B | 1.9B | 2.1B | 1.5B | 1.8B | 2.0B | 2.4B | 2.7B | 2.9B | 3.0B |
| Gross Margin | 23.2% | 24.5% | 24.9% | 24.7% | 24.9% | 25.4% | 20.1% | 23.6% | 23.7% | 22.0% | 23.1% | 23.8% | 23.7% |
| 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 | 138M | 148M | 164M | 189M | 202M | 221M | 220M | 257M | 289M | 327M | 355M | 376M | 382M |
| EBIT | 147M | 182M | 197M | 205M | 239M | 268M | 53M | 129M | 158M | 171M | 247M | 315M | 317M |
| Op. Margin | 10.9% | 12.5% | 12.6% | 11.8% | 12.6% | 13.0% | 3.5% | 7.4% | 7.8% | 7.1% | 9.2% | 10.7% | 10.6% |
| Net Income | 72M | 93M | 94M | 156M | 157M | 180M | 27M | 70M | 80M | 74M | 140M | 193M | 189M |
| Net Margin | 5.3% | 6.4% | 6.0% | 9.0% | 8.3% | 8.7% | 1.8% | 4.0% | 4.0% | 3.1% | 5.2% | 6.6% | 6.3% |
| Non-Recurring | -667K | -351K | 143K | -2.8M | -488K | 2.3M | 2.1M | 0 | 0 | 0 | 4.2M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 5.8% | 7.4% | 7.4% | 11.2% | 9.9% | 9.3% | 2.3% | 4.4% | 4.7% | 4.3% | 7.0% | 9.4% | 11.8% |
| ROE | 8.8% | 12.6% | 13.3% | 21.7% | 20.6% | 20.5% | 2.4% | 5.7% | 7.1% | 6.5% | 11.3% | 14.8% | 16.5% |
| ROA | 3.4% | 4.3% | 4.2% | 6.5% | 6.3% | 6.1% | 0.8% | 1.9% | 2.2% | 1.9% | 3.6% | 5.0% | 5.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 174M | 170M | 213M | 248M | 295M | 330M | 210M | 227M | 188M | 256M | 337M | 351M | 372M |
| Free Cash Flow | 108M | 92M | 138M | 160M | 202M | 219M | 125M | 164M | 118M | 165M | 240M | 259M | 275M |
| Owner Earnings | 89M | 82M | 116M | 141M | 180M | 205M | 77M | 95M | 54M | 117M | 206M | 227M | 248M |
| CapEx | 66M | 78M | 75M | 88M | 92M | 112M | 85M | 63M | 71M | 91M | 97M | 92M | 97M |
| Maint. CapEx | 77M | 79M | 85M | 95M | 101M | 108M | 112M | 109M | 106M | 111M | 98M | 93M | 95M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 3.6M | 0 | 0 | 0 | 0 | 0 | 0 | 2.3M |
| D&A | 77M | 79M | 85M | 95M | 101M | 108M | 112M | 109M | 106M | 111M | 98M | 93M | 95M |
| CapEx/OCF | 38.0% | 45.7% | 35.3% | 35.5% | 31.4% | 33.9% | 40.4% | 27.9% | 37.4% | 35.5% | 28.8% | 26.3% | 26.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | 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 |
| Share Buybacks | 222M | 128M | 113M | 162M | 127M | 32M | 33M | 214M | 183M | 0 | 85M | 225M | 431M |
| Buyback Yield | 7.0% | 3.1% | 2.7% | 2.9% | 1.9% | 0.4% | 0.3% | 2.8% | 5.0% | N/A | 1.3% | 3.9% | 10.7% |
| Stock-Based Comp | 7.9M | 9.2M | 12M | 12M | 14M | 17M | 21M | 23M | 28M | 29M | 34M | 31M | 30M |
| Debt Repayment | 7.9M | 9.5M | 7.2M | 8.1M | 11M | 0 | 0 | 1.0B | 0 | 16M | 17M | 501M | 501M |
| Balance Sheet | |||||||||||||
| Net Debt | 833M | 904M | 1.1B | 1.0B | 1.2B | 1.8B | 1.4B | 1.5B | 1.8B | 1.8B | 1.6B | 1.4B | 726M |
| Cash & Equiv. | 88M | 12M | 15M | 23M | 15M | 28M | 384M | 261M | 36M | 72M | 110M | 140M | 172M |
| Long-Term Debt | 912M | 906M | 1.1B | 1.0B | 1.0B | 1.0B | 1.0B | 976M | 962M | 944M | 918M | 748M | 898M |
| Debt/Equity | 1.23 | 1.26 | 1.55 | 1.41 | 1.59 | 1.86 | 1.44 | 1.51 | 1.74 | 1.53 | 1.40 | 1.17 | 0.78 |
| Interest Coverage | 4.2 | 4.4 | 4.6 | 4.7 | 5.0 | 5.9 | 1.4 | 3.6 | 4.0 | 3.3 | 5.1 | 7.0 | 6.8 |
| Equity | 751M | 728M | 688M | 749M | 779M | 971M | 1.3B | 1.2B | 1.1B | 1.2B | 1.3B | 1.3B | 1.1B |
| Total Assets | 2.1B | 2.2B | 2.4B | 2.5B | 2.5B | 3.3B | 3.7B | 3.6B | 3.8B | 3.9B | 3.9B | 3.9B | 3.8B |
| Total Liabilities | 1.4B | 1.4B | 1.7B | 1.7B | 1.7B | 2.4B | 2.4B | 2.5B | 2.7B | 2.7B | 2.6B | 2.6B | 2.6B |
| Intangibles | 406M | 389M | 375M | 349M | 323M | 305M | 275M | 251M | 246M | 217M | 198M | 193M | 192M |
| Retained Earnings | -311M | -217M | -122M | 35M | 193M | 374M | 401M | 471M | 552M | 626M | 766M | 959M | 993M |
| Working Capital | -56M | -153M | -233M | -268M | -290M | -254M | 93M | -82M | -439M | -353M | -283M | -462M | -498M |
| Current Assets | 223M | 153M | 154M | 192M | 194M | 229M | 624M | 540M | 348M | 447M | 496M | 504M | 430M |
| Current Liabilities | 279M | 305M | 388M | 461M | 484M | 483M | 531M | 622M | 786M | 799M | 779M | 966M | 928M |
| Per Share Data | |||||||||||||
| EPS | 1.07 | 1.50 | 1.55 | 2.59 | 2.66 | 3.05 | 0.45 | 1.15 | 1.37 | 1.28 | 2.40 | 3.36 | 3.38 |
| Owner EPS | 1.33 | 1.32 | 1.92 | 2.35 | 3.05 | 3.48 | 1.29 | 1.56 | 0.93 | 2.02 | 3.53 | 3.94 | 4.68 |
| Book Value | 11.20 | 11.70 | 11.35 | 12.44 | 13.20 | 16.50 | 21.50 | 19.33 | 18.43 | 20.96 | 21.89 | 23.30 | 21.67 |
| Cash Flow/Share | 2.60 | 2.73 | 3.52 | 4.12 | 4.99 | 5.61 | 3.51 | 3.73 | 3.22 | 4.43 | 5.78 | 6.10 | 5.37 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 67.1M | 62.2M | 60.6M | 60.2M | 59.1M | 58.9M | 59.7M | 61.0M | 58.6M | 57.9M | 58.4M | 57.5M | 52.9M |
| Valuation | |||||||||||||
| P/E Ratio | 44.0 | 44.9 | 44.9 | 36.4 | 41.9 | 49.5 | 374.0 | 108.4 | 45.2 | 74.7 | 46.1 | 30.2 | 22.4 |
| P/FCF | 29.2 | 45.4 | 30.6 | 35.5 | 32.5 | 40.6 | 80.5 | 46.5 | 30.7 | 33.5 | 26.9 | 22.5 | 14.6 |
| EV/EBIT | 26.6 | 28.0 | 26.7 | 32.6 | 31.8 | 36.9 | 194.4 | 63.0 | 29.0 | 37.3 | 29.2 | 20.0 | 14.9 |
| Price/Book | 4.2 | 5.8 | 6.1 | 7.6 | 8.4 | 9.1 | 7.9 | 6.5 | 3.4 | 4.6 | 5.1 | 4.3 | 3.5 |
| Price/Sales | 2.0 | 2.5 | 2.6 | 2.7 | 3.3 | 4.0 | 5.4 | 5.3 | 2.7 | 2.0 | 2.5 | 2.3 | 1.3 |
| FCF Yield | 3.4% | 2.2% | 3.3% | 2.8% | 3.1% | 2.5% | 1.2% | 2.1% | 3.2% | 3.0% | 3.7% | 4.4% | 6.9% |
| Market Cap | 3.2B | 4.2B | 4.2B | 5.7B | 6.6B | 8.9B | 10.1B | 7.6B | 3.6B | 5.5B | 6.5B | 5.8B | 4.0B |
| Avg. Price | 41.07 | 57.51 | 66.20 | 78.45 | 106.32 | 139.90 | 137.38 | 150.46 | 93.22 | 84.50 | 115.90 | 115.46 | 75.77 |
| Year-End Price | 47.09 | 67.32 | 69.67 | 94.28 | 111.39 | 150.89 | 168.32 | 124.71 | 61.86 | 95.66 | 110.53 | 101.32 | 75.77 |
BRIGHT HORIZONS FAMILY SOLUTIONS INC. passes 4 of 9 quality checks, suggesting mixed fundamentals.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. trades at 22.6x trailing earnings, compared to its 15-year median P/E of 45.1x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 16.2x vs a median of 33.0x. The company's 5-year average ROIC is 6.0% with a gross margin of 23.2%. Total shareholder yield (buybacks) is 10.7%. At current prices, the estimated annualized return to fair value is +3.3%.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) reported annual revenue of $2.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) has a net profit margin of 6.6%. This is a modest margin.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) generated $259 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) has a debt-to-equity ratio of 1.17. This indicates moderate leverage.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) reported earnings per share (EPS) of $3.36 in its most recent fiscal year.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) has a return on equity (ROE) of 14.8%. This indicates moderate shareholder returns.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) has a 5-year average gross margin of 23.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) has a book value per share of $23.30, based on its most recent annual SEC filing.