BCO BRINKS CO

Overview and Growth

BRINKS CO generated $5.26B of revenue in fiscal 2025, with net income of $199.70M and an operating cash inflow of $639.50M. The $5.26B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 5.0% above fiscal 2024 revenue of $5.01B, marking a year-over-year increase. On a per-share basis, diluted EPS was $4.69, which connects the reported earnings outcome with the company’s diluted share count. Against diluted EPS of $3.63 in fiscal 2024, the current result was 29.2% higher. Asset turnover was 0.72x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $1.36B as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 25.8% of revenue, quantifying the portion retained before operating expenses were recognized. Operating income was $585.50M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Relative to revenue, operating income represented 11.1%, showing how efficiently sales converted into operating profit. Net income came to $199.70M, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 3.8%, meaning that this portion of revenue remained as net income after all recognized expenses. The reported income-tax provision was $143.30M, the amount recognized between pretax income and the final net-income result. Net income equaled 49.0% of period-end equity, showing the earnings generated on shareholders’ book capital. Return on period-end assets was 2.7%, connecting net income with the company’s total asset base.

Liquidity and Capital Structure

The company held $7.34B of assets against $6.93B of liabilities and $407.30M of equity, revealing how the asset base was financed. At period end, current assets of $3.33B compared with current liabilities of $2.20B, defining the company’s short-term resource position. Current assets covered current liabilities by 1.51x, leaving a positive buffer for near-term obligations. Cash and equivalents totaled $1.73B, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 78.5% of current liabilities, showing how much near-term coverage came from cash alone. Total debt was $4.21B, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 10.35x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 57.4%, showing how much of the asset base was matched by borrowing. The liabilities-to-assets relationship was 94.5%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 23.5% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $6.62B in fiscal 2024, the current asset base moved 10.8% and finished higher. Against $312.50M of equity in fiscal 2024, the current book-equity balance moved 30.3% and ended higher.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $639.50M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Operating cash flow equaled 3.2x of net income, showing how strongly accounting earnings converted into cash from operations. Capital expenditures used $203.10M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 31.8% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $436.40M of positive free cash flow for the period. The free-cash-flow margin was 8.3%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 5.9% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.