Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.77B | $1.88B | $2.01B | $2.39B | $2.61B | $3.05B | $3.57B | $4.26B | $4.80B | $5.90B |
| Revenue growth | — | 6.5% | 7.1% | 18.8% | 9.2% | 16.8% | 17.1% | 19.1% | 12.9% | 22.8% |
| Net income | $257M | $400M | $344M | $399M | $481M | $587M | $672M | $871M | $993M | $1.05B |
| Net margin | 14.6% | 21.2% | 17.1% | 16.7% | 18.4% | 19.2% | 18.8% | 20.5% | 20.7% | 17.9% |
| EPS (diluted) | $0.91 | $1.40 | $1.22 | $1.40 | $1.69 | $2.07 | $2.37 | $3.05 | $3.46 | $3.16 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $411M | $442M | $568M | $678M | $713M | $809M | $881M | $1.01B | $1.17B | $1.45B |
| Capital expenditures | $17.8M | $24.2M | $41.5M | $73.1M | $70.7M | $45.0M | $52.0M | $69.0M | $82.0M | $68.0M |
| Free cash flow | $393M | $418M | $526M | $605M | $642M | $764M | $829M | $941M | $1.09B | $1.38B |
| Share buybacks | $18.9M | $129M | $91.3M | $58.7M | $55.1M | $82.6M | $74.0M | $0.00 | $0.00 | $100M |
| Dividends paid | $70.3M | $77.7M | $84.7M | $91.3M | $101M | $107M | $120M | $135M | $154M | $193M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $516M | $573M | $439M | $542M | $656M | $693M | $650M | $700M | $675M | $1.08B |
| Total assets | $5.26B | $5.75B | $6.69B | $7.62B | $8.97B | $9.80B | $14.0B | $14.9B | $17.6B | $30.0B |
| Total liabilities | — | — | $3.69B | $3.86B | — | — | — | — | — | — |
| Long-term debt | $1.02B | $856M | $1.46B | $1.50B | $2.03B | $1.98B | $3.69B | $3.23B | $3.60B | $6.89B |
| Shareholders' equity | $2.36B | $2.58B | $3.00B | $3.35B | $3.75B | $4.20B | $4.61B | $5.58B | $6.44B | $12.6B |
| Retained earnings | $2.13B | $2.46B | $2.57B | $3.14B | $3.52B | $4.00B | $4.55B | $5.29B | $6.13B | $6.99B |
| Shares (wtd avg diluted) | 276M | 278M | 276M | 275K | 276M | 277M | 279M | 281M | 284M | 313M |
Every figure is extracted from BROWN & BROWN, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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