Brown & Brown, Inc. BRO NYSE

Brown & Brown, Inc. (BRO) generated $1.45B in operating cash flow for fiscal year 2025. After capital expenditures of $68M, free cash flow was $1.38B.

Free cash flow margin was 23.2% of revenue. Cash conversion ratio was 1.36x, indicating earnings are backed by cash.

The company returned $194M in dividends and $100M in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (80/100, Pass) — $1.38B (23.2% FCF margin) supports a durable competitive advantage
• INCOME (70/100) — Cash conversion ratio was 1.36x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 69/100 with 4/7 criteria passed.