Brady Corporation (BRC) 10-Year Financial Performance & Capital Metrics

BRC • • Industrial / General

IndustrialsSecurity ServicesSafety Equipment & ComplianceSafety Identification Products

AboutBrady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The IDS segment offers safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials, printing systems, RFID and bar code scanners for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training. Its products also comprise name tags, badges, lanyards, rigid card printing systems, and access control software for people identification; wristbands and labels for tracking and enhancing the safety of patients; and custom wristbands. This segment serves customers in various industries, such as industrial and electronic manufacturing, healthcare, chemical, oil, gas, automotive, aerospace, governments, mass transit, electrical contractors, education, leisure and entertainment, telecommunications, and others through distributors, direct sales, catalog marketing, and digital channels. The WPS segment provides workplace safety and compliance products, such as safety and compliance signs, tags, labels, and markings; informational signage and markings; asset tracking labels; first aid products; facility safety and personal protection equipment; and labor law and other compliance posters for various industries, including process, government, education, construction, and utilities, as well as manufacturers through catalog and digital channels. It also offers stock and custom identification products, as well as sells related resale products. Brady Corporation was incorporated in 1914 and is headquartered in Milwaukee, Wisconsin.Show more

Revenue $1.51B +12.8%
EBITDA $277M +1.5%
Net Income $189M -4.0%
EPS (Diluted) 3.92 -3.2%
Gross Margin 50.27% -2.0%
EBITDA Margin 18.32% -10.1%
Operating Margin 15.63% -13.8%
Net Margin 12.5% -15.0%
ROE 16.76% -12.6%
ROIC 16.72% -14.5%
Debt/Equity 0.13 +9.4%
Interest Coverage 49.85 -36.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Dividend Aristocrat: 37 years of consecutive increases
✓Good 3Y average ROE of 18.1%
✓Healthy 5Y average net margin of 12.6%
✓Trading near 52-week high

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.59%

5Y6.96%

3Y5.15%

TTM11.2%

Profit (Net Income) CAGR

10Y51.42%

5Y10.99%

3Y8.06%

TTM-0.18%

EPS CAGR

10Y51.88%

5Y13.19%

3Y10.57%

TTM0.49%

ROCE

10Y Avg17.25%

5Y Avg18.35%

3Y Avg19.45%

Latest17.83%

Peer Comparison

Safety Identification Products

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UUUUniversal Safety Products, Inc.	13.09M	5.66	25.73	20.73%	7.2%	32.13%		0.41
BRCBrady Corporation	3.67B	84.00	21.43	12.84%	12.74%	15.78%	4.19%	0.13

Profit & Loss

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Sales/Revenue+	1.12B	1.11B	1.17B	1.16B	1.08B	1.14B	1.3B	1.33B	1.34B	1.51B
Revenue Growth %	-0.04%	-0.01%	0.05%	-0.01%	-0.07%	0.06%	0.14%	0.02%	0.01%	0.13%
Cost of Goods Sold+	561.85M	555.02M	585.56M	581.97M	553.35M	583.25M	670.51M	674.59M	653.51M	752.78M
COGS % of Revenue	0.5%	0.5%	0.5%	0.5%	0.51%	0.51%	0.51%	0.51%	0.49%	0.5%
Gross Profit+	558.77M	558.29M	588.29M	578.68M	527.95M	561.45M	631.55M	657.27M	687.88M	760.82M
Gross Margin %	0.5%	0.5%	0.5%	0.5%	0.49%	0.49%	0.49%	0.49%	0.51%	0.5%
Gross Profit Growth %	0%	-0%	0.05%	-0.02%	-0.09%	0.06%	0.12%	0.04%	0.05%	0.11%
Operating Expenses+	440.89M	427.28M	435.6M	416.25M	376.72M	394.32M	438.54M	432.06M	444.47M	524.18M
OpEx % of Revenue	0.39%	0.38%	0.37%	0.36%	0.35%	0.34%	0.34%	0.32%	0.33%	0.35%
Selling, General & Admin	405.1M	387.65M	390.34M	371.08M	336.06M	349.77M	379.99M	370.7M	376.72M	444.3M
SG&A % of Revenue	0.36%	0.35%	0.33%	0.32%	0.31%	0.31%	0.29%	0.28%	0.28%	0.29%
Research & Development	35.8M	39.62M	45.25M	45.17M	40.66M	44.55M	58.55M	61.37M	67.75M	79.89M
R&D % of Revenue	0.03%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.05%	0.05%	0.05%
Other Operating Expenses	0	0	0	0	0	803K	0	0	0	0
Operating Income+	117.88M	131.01M	152.7M	162.43M	151.23M	167.13M	193.01M	225.21M	243.41M	236.64M
Operating Margin %	0.11%	0.12%	0.13%	0.14%	0.14%	0.15%	0.15%	0.17%	0.18%	0.16%
Operating Income Growth %	2.34%	0.11%	0.17%	0.06%	-0.07%	0.11%	0.15%	0.17%	0.08%	-0.03%
EBITDA+	150.31M	158.32M	178.14M	186.23M	174.67M	192.61M	227.19M	257.58M	273.29M	277.28M
EBITDA Margin %	0.13%	0.14%	0.15%	0.16%	0.16%	0.17%	0.17%	0.19%	0.2%	0.18%
EBITDA Growth %	1.01%	0.05%	0.13%	0.05%	-0.06%	0.1%	0.18%	0.13%	0.06%	0.01%
D&A (Non-Cash Add-back)	32.43M	27.3M	25.44M	23.8M	23.44M	25.48M	34.18M	32.37M	29.87M	40.64M
EBIT	117.17M	132.14M	155.18M	167.47M	143.1M	171.46M	193.26M	229.24M	250.97M	241.84M
Net Interest Income+	-7.82M	-5.5M	-3.17M	-2.83M	-2.17M	-437K	-1.28M	-3.54M	-3.13M	-4.75M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	7.82M	5.5M	3.17M	2.83M	2.17M	437K	1.28M	3.54M	3.13M	4.75M
Other Income/Expense	-8.53M	-4.38M	-681K	2.22M	-10.54M	-2.06M	-1.03M	483K	4.43M	459K
Pretax Income+	109.34M	126.63M	152.01M	164.64M	140.69M	165.07M	191.98M	225.7M	247.84M	237.1M
Pretax Margin %	0.1%	0.11%	0.13%	0.14%	0.13%	0.14%	0.15%	0.17%	0.18%	0.16%
Income Tax+	29.23M	30.99M	60.95M	33.39M	28.32M	35.41M	42M	50.84M	50.63M	47.84M
Effective Tax Rate %	0.73%	0.76%	0.6%	0.8%	0.8%	0.79%	0.78%	0.77%	0.8%	0.8%
Net Income+	80.11M	95.64M	91.06M	131.26M	112.37M	129.66M	149.98M	174.86M	197.22M	189.26M
Net Margin %	0.07%	0.09%	0.08%	0.11%	0.1%	0.11%	0.12%	0.13%	0.15%	0.13%
Net Income Growth %	25.82%	0.19%	-0.05%	0.44%	-0.14%	0.15%	0.16%	0.17%	0.13%	-0.04%
Net Income (Continuing)	80.11M	95.64M	91.06M	131.26M	112.37M	129.66M	149.98M	174.86M	197.22M	189.26M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.58	1.84	1.73	2.46	2.11	2.47	2.90	3.51	4.05	3.92
EPS Growth %	25.33%	0.16%	-0.06%	0.42%	-0.14%	0.17%	0.17%	0.21%	0.15%	-0.03%
EPS (Basic)	1.59	1.87	1.76	2.50	2.13	2.49	2.92	3.53	4.08	3.96
Diluted Shares Outstanding	50.77M	51.96M	52.52M	53.32M	53.23M	52.41M	51.65M	49.87M	48.5M	48.09M
Basic Shares Outstanding	50.54M	51.06M	51.68M	52.6M	52.76M	52.04M	51.32M	49.59M	48.12M	47.64M
Dividend Payout Ratio	0.51%	0.44%	0.47%	0.34%	0.41%	0.35%	0.31%	0.26%	0.23%	0.24%

Balance Sheet

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Total Current Assets+	407.42M	407.81M	471.34M	573.28M	509.45M	465.1M	498.07M	524.82M	599.72M	621.84M
Cash & Short-Term Investments	141.23M	133.94M	181.43M	279.07M	217.64M	147.34M	114.07M	151.53M	250.12M	174.35M
Cash Only	141.23M	133.94M	181.43M	279.07M	217.64M	147.34M	114.07M	151.53M	250.12M	174.35M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	147.33M	149.64M	161.28M	158.11M	146.18M	170.58M	183.23M	184.42M	185.49M	231.94M
Days Sales Outstanding	47.99	49.06	50.15	49.72	49.34	54.39	51.36	50.54	50.47	55.93
Inventory	99.43M	107.02M	113.07M	120.04M	135.66M	136.11M	190.02M	177.08M	152.73M	200.88M
Days Inventory Outstanding	64.59	70.38	70.48	75.29	89.49	85.18	103.44	95.81	85.3	97.4
Other Current Assets	0	17.21M	15.56M	0	9.96M	11.08M	10.74M	11.79M	11.38M	14.66M
Total Non-Current Assets+	636.54M	642.41M	585.59M	584.03M	633.02M	912.65M	869.26M	864.44M	915.85M	1.11B
Property, Plant & Equipment	102.44M	98.1M	97.94M	110.05M	156.97M	163.62M	170.8M	171.84M	234.26M	283.99M
Fixed Asset Turnover	10.94x	11.35x	11.98x	10.55x	6.89x	7.00x	7.62x	7.75x	5.73x	5.33x
Goodwill	429.87M	437.7M	419.81M	410.99M	416.03M	614.14M	586.83M	592.65M	589.61M	676.95M
Intangible Assets	59.81M	53.08M	42.59M	36.12M	22.33M	92.33M	74.03M	62.1M	51.84M	105.37M
Long-Term Investments	13.83M	13.99M	14.38M	15.74M	18.61M	20.14M	18.04M	18.29M	20.03M	20M
Other Non-Current Assets	3.35M	4.08M	3.28M	3.83M	10.23M	6.08M	3.68M	3.85M	4.52M	5.25M
Total Assets+	1.04B	1.05B	1.06B	1.16B	1.14B	1.38B	1.37B	1.39B	1.52B	1.73B
Asset Turnover	1.07x	1.06x	1.11x	1.00x	0.95x	0.83x	0.95x	0.96x	0.89x	0.87x
Asset Growth %	-0.02%	0.01%	0.01%	0.09%	-0.01%	0.21%	-0.01%	0.02%	0.09%	0.14%
Total Current Liabilities+	166.73M	187.2M	190.93M	241.94M	185.89M	257.58M	255.17M	258.04M	264.68M	330.33M
Accounts Payable	62.24M	66.82M	66.54M	64.81M	62.55M	82.15M	81.12M	79.86M	84.69M	105.03M
Days Payables Outstanding	40.44	43.94	41.48	40.65	41.26	51.41	44.16	43.21	47.3	50.92
Short-Term Debt	4.93M	3.23M	0	50.17M	15.3M	17.67M	15M	14.73M	13.38M	15.23M
Deferred Revenue (Current)	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	47.42M	51.59M	52.88M	57.9M	55.28M	70.16M	67.68M	72.93M	78.28M	108.81M
Current Ratio	2.44x	2.18x	2.47x	2.37x	2.74x	1.81x	1.95x	2.03x	2.27x	1.88x
Quick Ratio	1.85x	1.61x	1.88x	1.87x	2.01x	1.28x	1.21x	1.35x	1.69x	1.27x
Cash Conversion Cycle	72.14	75.5	79.16	84.36	97.57	88.16	110.65	103.15	88.47	102.41
Total Non-Current Liabilities+	273.64M	162.88M	113.89M	64.59M	93.51M	157.14M	200.86M	140.3M	184.23M	211.71M
Long-Term Debt	211.98M	104.54M	52.62M	0	0	38M	95M	49.72M	90.94M	99.77M
Capital Lease Obligations	0	0	0	0	31.98M	28.35M	19.14M	16.22M	25.34M	43.56M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	61.66M	58.35M	61.27M	64.59M	58.97M	88.28M	86.72M	74.37M	67.95M	68.38M
Total Liabilities	440.37M	350.08M	304.82M	306.53M	279.39M	414.73M	456.03M	398.34M	448.91M	542.04M
Total Debt+	216.91M	107.76M	52.62M	50.17M	47.29M	84.01M	129.15M	80.66M	129.66M	158.56M
Net Debt	75.68M	-26.18M	-128.81M	-228.91M	-170.36M	-63.32M	15.08M	-70.87M	-120.46M	-15.78M
Debt / Equity	0.36x	0.15x	0.07x	0.06x	0.05x	0.09x	0.14x	0.08x	0.12x	0.13x
Debt / EBITDA	1.44x	0.68x	0.30x	0.27x	0.27x	0.44x	0.57x	0.31x	0.47x	0.57x
Net Debt / EBITDA	0.50x	-0.17x	-0.72x	-1.23x	-0.98x	-0.33x	0.07x	-0.28x	-0.44x	-0.06x
Interest Coverage	15.07x	23.80x	48.20x	57.40x	69.82x	382.44x	151.26x	63.64x	77.87x	49.85x
Total Equity+	603.6M	700.14M	752.11M	850.77M	863.07M	963.03M	911.3M	990.92M	1.07B	1.19B
Equity Growth %	0.03%	0.16%	0.07%	0.13%	0.01%	0.12%	-0.05%	0.09%	0.08%	0.12%
Book Value per Share	11.89	13.48	14.32	15.96	16.21	18.38	17.64	19.87	21.99	24.79
Total Shareholders' Equity	603.6M	700.14M	752.11M	850.77M	863.07M	963.03M	911.3M	990.92M	1.07B	1.19B
Common Stock	548K	548K	548K	548K	548K	548K	548K	548K	548K	548K
Retained Earnings	453.37M	507.14M	553.45M	637.84M	704.46M	788.37M	892.42M	1.02B	1.17B	1.32B
Treasury Stock	-108.71M	-85.47M	-71.12M	-46.33M	-107.22M	-109.06M	-217.86M	-290.21M	-351.95M	-393.19M
Accumulated OCI	-54.74M	-44.68M	-56.4M	-71.25M	-66.48M	-55.95M	-109.08M	-93.06M	-109.62M	-92.16M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Cash from Operations+	138.98M	144.03M	143.04M	162.21M	140.98M	205.66M	118.45M	209.15M	255.07M	181.2M
Operating CF Margin %	0.12%	0.13%	0.12%	0.14%	0.13%	0.18%	0.09%	0.16%	0.19%	0.12%
Operating CF Growth %	0.49%	0.04%	-0.01%	0.13%	-0.13%	0.46%	-0.42%	0.77%	0.22%	-0.29%
Net Income	80.11M	95.64M	91.06M	131.26M	112.37M	129.66M	149.98M	174.86M	197.22M	189.26M
Depreciation & Amortization	32.43M	27.3M	25.44M	23.8M	23.44M	25.48M	34.18M	32.37M	29.87M	40.64M
Stock-Based Compensation	8.15M	9.49M	9.98M	12.09M	8.84M	10.1M	10.5M	7.51M	7.36M	11.88M
Deferred Taxes	2.08M	-8.62M	33.66M	7.83M	-764K	-8.96M	-1.65M	-12.47M	-9.4M	-7.62M
Other Non-Cash Items	56.1M	46.77M	-4.67M	2.35M	16.68M	4.92M	1.2M	-4.08M	1.4M	-2.54M
Working Capital Changes	16.2M	20.21M	-12.43M	-15.11M	-19.59M	44.47M	-75.77M	10.96M	28.62M	-50.42M
Change in Receivables	8.16M	766K	-16.61M	3.5M	13.9M	-12.61M	-25.33M	2.38M	-6.58M	-14.36M
Change in Inventory	4.83M	-5.69M	-7.56M	-9.92M	-13.92M	7.3M	-62.91M	14.97M	21.7M	-18.89M
Change in Payables	3.93M	22.25M	13.09M	-11.9M	-26.13M	53.78M	6.83M	-10.48M	0	-9.86M
Cash from Investing+	-15.42M	-15.25M	-2.9M	-34.46M	-36.12M	-268.59M	-43.07M	-11.21M	-81.05M	-171.25M
Capital Expenditures	-17.14M	-15.17M	-21.78M	-32.83M	-27.28M	-27.19M	-43.14M	-19.23M	-79.89M	-27.58M
CapEx % of Revenue	0.02%	0.01%	0.02%	0.03%	0.03%	0.02%	0.03%	0.01%	0.06%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.72M	-86K	-269K	-1.64M	-2.84M	2.58M	67K	12K	-1.16M	864K
Cash from Financing+	-99.58M	-136.24M	-90.68M	-27.63M	-163.52M	-12.32M	-102.09M	-163.57M	-70.53M	-83.87M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-40.81M	-41.88M	-42.87M	-44.73M	-45.76M	-45.75M	-45.93M	-45.4M	-45.06M	-45.54M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3.58M	18.89M	8.85M	20.22M	-3.42M	-985K	-3.93M	2.12M	5.54M	-2.49M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	121.84M	128.87M	121.27M	129.39M	113.7M	178.48M	75.31M	189.92M	175.18M	153.62M
FCF Margin %	0.11%	0.12%	0.1%	0.11%	0.11%	0.16%	0.06%	0.14%	0.13%	0.1%
FCF Growth %	0.83%	0.06%	-0.06%	0.07%	-0.12%	0.57%	-0.58%	1.52%	-0.08%	-0.12%
FCF per Share	2.40	2.48	2.31	2.43	2.14	3.41	1.46	3.81	3.61	3.19
FCF Conversion (FCF/Net Income)	1.73x	1.51x	1.57x	1.24x	1.25x	1.59x	0.79x	1.20x	1.29x	0.96x
Interest Paid	8.53M	5.77M	2.98M	2.65M	2.4M	373K	1.08M	3.41M	2.93M	4.66M
Taxes Paid	28.5M	31.89M	33.27M	24.34M	29.6M	46.85M	33.83M	58.83M	62.07M	71.08M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	13.45%	14.67%	12.54%	16.38%	13.11%	14.2%	16%	18.38%	19.17%	16.76%
Return on Invested Capital (ROIC)	12.57%	14.52%	17.66%	19.57%	17.26%	15.74%	15.85%	18.3%	19.56%	16.72%
Gross Margin	49.86%	50.15%	50.12%	49.86%	48.83%	49.05%	48.5%	49.35%	51.28%	50.27%
Net Margin	7.15%	8.59%	7.76%	11.31%	10.39%	11.33%	11.52%	13.13%	14.7%	12.5%
Debt / Equity	0.36x	0.15x	0.07x	0.06x	0.05x	0.09x	0.14x	0.08x	0.12x	0.13x
Interest Coverage	15.07x	23.80x	48.20x	57.40x	69.82x	382.44x	151.26x	63.64x	77.87x	49.85x
FCF Conversion	1.73x	1.51x	1.57x	1.24x	1.25x	1.59x	0.79x	1.20x	1.29x	0.96x
Revenue Growth	-4.36%	-0.65%	5.44%	-1.13%	-6.84%	5.86%	13.75%	2.29%	0.72%	12.84%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Product Identification	-	-	-	-	-	-	-	-	274.43M	428.65M
Product Identification Growth	-	-	-	-	-	-	-	-	-	56.20%
Identification Solutions	776.88M	800.39M	846.09M	863.1M	784.71M	841.51M	1.01B	1.05B	-	-
Identification Solutions Growth	-	3.03%	5.71%	2.01%	-9.08%	7.24%	20.13%	3.46%	-	-
Workplace Safety	343.75M	312.92M	327.76M	297.55M	296.59M	303.19M	291.18M	285.97M	-	-
Workplace Safety Growth	-	-8.97%	4.74%	-9.22%	-0.32%	2.22%	-3.96%	-1.79%	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	663.51M	651.29M	663.93M	674.92M	627.16M	642.27M	764.93M	790.6M	783.77M	847.34M
UNITED STATES Growth	-	-1.84%	1.94%	1.66%	-7.08%	2.41%	19.10%	3.36%	-0.86%	8.11%
OtherCountries	519.58M	521.79M	573.65M	546.92M	509.53M	565.96M	613.43M	610.55M	631.75M	747.29M
OtherCountries Growth	-	0.43%	9.94%	-4.66%	-6.84%	11.07%	8.39%	-0.47%	3.47%	18.29%

Frequently Asked Questions

Valuation & Price

Brady Corporation (BRC) has a price-to-earnings (P/E) ratio of 21.4x. This is roughly in line with market averages.

Growth & Financials

Brady Corporation (BRC) reported $1.54B in revenue for fiscal year 2025. This represents a 16% increase from $1.32B in 2012.

Brady Corporation (BRC) grew revenue by 12.8% over the past year. This is steady growth.

Yes, Brady Corporation (BRC) is profitable, generating $196.4M in net income for fiscal year 2025 (12.5% net margin).

Dividend & Returns

Yes, Brady Corporation (BRC) pays a dividend with a yield of 1.13%. This makes it attractive for income-focused investors.

Brady Corporation (BRC) has a return on equity (ROE) of 16.8%. This is reasonable for most industries.

Brady Corporation (BRC) generated $159.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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