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Brunswick Corporation (BC) 10-Year Financial Performance & Capital Metrics

BC • • Industrial / General
Consumer CyclicalRecreational VehiclesMarine Propulsion & ComponentsMarine Engine Manufacturers
AboutBrunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through Propulsion; Parts & Accessories; and Boat segments. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses. This segment offers its products under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, and Mercury Diesel brands. The Parts & Accessories segment provides engine parts and consumables, electrical products, boat parts and systems, engine oils and lubricants, marine electronics and control systems, instruments, trolling motors, fuel systems, and electrical systems, as well as specialty vehicle, mobile, and transportation aftermarket products for aftermarket retailers, distributors, and distribution businesses, as well for as for the original equipment manufacturers in marine and non-marine markets; and supplies parts and accessories. This segment offers its products under the under the Mercury, Mercury Precision Parts, Quicksilver, and Seachoice brands. The Boat segment provides Sea Ray sport boats and cruisers; Bayliner sport cruisers, runabouts and Heyday wake; Boston Whaler fiberglass offshore boats; Lund fiberglass fishing boats; Crestliner, Cypress Cay, Harris, Lowe, Lund, Princecraft aluminum fishing, utility, pontoon, and deck boats; and Thunder Jet heavy-gauge aluminum boats, as well as the freedom boat club, dealer services, and technology to the marine industry through dealers and distributors. Brunswick Corporation was founded in 1845 and is headquartered in Mettawa, Illinois.Show more
  • Revenue $5.24B -18.2%
  • EBITDA $600M -40.4%
  • Net Income $130M -69.1%
  • EPS (Diluted) 1.93 -67.6%
  • Gross Margin 25.79% -7.6%
  • EBITDA Margin 11.46% -27.2%
  • Operating Margin 5.95% -48.2%
  • Net Margin 2.48% -62.2%
  • ROE 6.54% -67.9%
  • ROIC 5.6% -57.9%
  • Debt/Equity 1.33 +6.9%
  • Interest Coverage 2.46 -62.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 20.4%
  • ✓12 consecutive years of dividend growth
  • ✓Momentum leader: RS Rating 87 (top 13%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Share count reduced 4.4% through buybacks
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.16%
5Y4.97%
3Y-3.6%
TTM-4.78%

Profit (Net Income) CAGR

10Y-6.16%
5Y-
3Y-39.7%
TTM-187.2%

EPS CAGR

10Y-2.86%
5Y-
3Y-36.59%
TTM-189.3%

ROCE

10Y Avg16.92%
5Y Avg17.8%
3Y Avg14.77%
Latest7.02%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
BCBrunswick Corporation5.77B88.7345.97-18.19%-4.6%-14.6%4.57%1.33

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+3.78B4.49B3.8B4.12B4.11B4.35B5.85B6.81B6.4B5.24B
Revenue Growth %-0.02%0.19%-0.15%0.08%-0%0.06%0.34%0.17%-0.06%-0.18%
Cost of Goods Sold+2.72B3.26B2.85B3.07B2.99B3.13B4.18B4.87B4.61B3.89B
COGS % of Revenue0.72%0.73%0.75%0.75%0.73%0.72%0.72%0.71%0.72%0.74%
Gross Profit+1.06B1.23B948.6M1.05B1.12B1.21B1.67B1.95B1.79B1.35B
Gross Margin %0.28%0.27%0.25%0.25%0.27%0.28%0.28%0.29%0.28%0.26%
Gross Profit Growth %0.02%0.16%-0.23%0.1%0.07%0.08%0.37%0.17%-0.08%-0.24%
Operating Expenses+728.7M752.9M618.3M691.5M650M673.7M853.1M999.4M1.05B1.04B
OpEx % of Revenue0.19%0.17%0.16%0.17%0.16%0.15%0.15%0.15%0.16%0.2%
Selling, General & Admin610.1M598.1M458.1M515.2M509.6M543.7M697.8M771.4M812.2M798.2M
SG&A % of Revenue0.16%0.13%0.12%0.13%0.12%0.13%0.12%0.11%0.13%0.15%
Research & Development113.9M139.2M111.6M121.5M121.6M125.9M154.5M202.9M185.2M169.6M
R&D % of Revenue0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Other Operating Expenses4.7M15.6M48.6M54.8M18.8M4.1M800K25.1M54.7M71.4M
Operating Income+331.3M479.5M330.3M355.5M471M539.3M812.9M947.8M734.9M311.6M
Operating Margin %0.09%0.11%0.09%0.09%0.11%0.12%0.14%0.14%0.11%0.06%
Operating Income Growth %0.01%0.45%-0.31%0.08%0.32%0.15%0.51%0.17%-0.22%-0.58%
EBITDA+408.4M583.4M417.4M479.5M609.7M692.7M991M1.18B1.01B600.4M
EBITDA Margin %0.11%0.13%0.11%0.12%0.15%0.16%0.17%0.17%0.16%0.11%
EBITDA Growth %-0%0.43%-0.28%0.15%0.27%0.14%0.43%0.19%-0.15%-0.4%
D&A (Non-Cash Add-back)77.1M103.9M87.1M124M138.7M153.4M178.1M231.2M272.9M288.8M
EBIT342.5M417.2M239.3M356.7M186.7M540M802.3M951.7M741.3M329.9M
Net Interest Income+-25.5M-25.7M-23.8M-42.2M-72.7M-66.1M-63.9M-92M-102.2M-113.2M
Interest Income2.2M1.8M2.6M2.9M3.3M1.2M2.1M6.1M10.2M13.4M
Interest Expense27.8M27.5M26.4M45.1M76M67.3M66M98.1M112.4M126.6M
Other Income/Expense-16.5M-89.8M-117.4M-44.8M-360.3M-66.6M-76.5M-94.2M-106M-108.3M
Pretax Income+314.8M389.7M212.9M310.7M110.7M472.7M736.4M853.6M628.9M203.3M
Pretax Margin %0.08%0.09%0.06%0.08%0.03%0.11%0.13%0.13%0.1%0.04%
Income Tax+83.9M115.3M111.6M57.3M80.3M98M141M172.3M196.3M54M
Effective Tax Rate %0.77%0.71%0.69%0.85%-1.18%0.79%0.81%0.79%0.67%0.64%
Net Income+241.4M276M146.4M265.3M-131M372.7M593.3M677M420.4M130.1M
Net Margin %0.06%0.06%0.04%0.06%-0.03%0.09%0.1%0.1%0.07%0.02%
Net Income Growth %-0.02%0.14%-0.47%0.81%-1.49%3.85%0.59%0.14%-0.38%-0.69%
Net Income (Continuing)230.9M274.4M101.3M253.4M30.4M374.7M595.4M681.3M432.6M149.3M
Discontinued Operations10.5M1.6M45.1M11.9M-161.4M-2M-2.1M-4.3M-12.2M-19.2M
Minority Interest0000000000
EPS (Diluted)+2.563.001.623.01-1.544.707.579.005.961.93
EPS Growth %-0.01%0.17%-0.46%0.86%-1.51%4.05%0.61%0.19%-0.34%-0.68%
EPS (Basic)2.603.031.643.03-1.544.727.639.055.991.94
Diluted Shares Outstanding94.3M92M90.1M88.2M85.2M79.7M78.4M75.2M70.5M67.4M
Basic Shares Outstanding93M91.2M89.4M87.6M85.2M79.2M77.8M74.8M70.2M67.2M
Dividend Payout Ratio0.2%0.2%0.41%0.26%-0.21%0.17%0.16%0.27%0.86%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.98B1.69B1.85B1.88B1.53B1.67B2.12B2.7B2.51B2.11B
Cash & Short-Term Investments668.8M458.2M449.6M295.2M321.1M576.3M355.3M600.1M468.6M269.8M
Cash Only657.3M422.4M448.8M294.4M320.3M519.6M354.5M595.6M467.8M269M
Short-Term Investments11.5M35.8M800K800K800K56.7M800K4.5M800K800K
Accounts Receivable398.1M411.5M485.3M351.8M331.8M337.6M485.3M543M493.2M429M
Days Sales Outstanding38.4433.4646.5931.1629.4828.3430.329.0928.1229.9
Inventory685M762.1M765.6M943.7M824.5M711.8M1.21B1.47B1.48B1.3B
Days Inventory Outstanding91.9185.4397.93112.06100.7482.89105.48110.39116.82122.34
Other Current Assets180.5M82.7M0386.2M11.6M10.7M12.2M80.7M71.1M112.4M
Total Non-Current Assets+1.17B1.56B1.51B2.41B2.04B2.1B3.3B3.63B3.72B3.56B
Property, Plant & Equipment505.2M645.3M659.5M805.3M879.6M946.6M1.14B1.39B1.47B1.41B
Fixed Asset Turnover7.48x6.96x5.77x5.12x4.67x4.59x5.13x4.92x4.36x3.71x
Goodwill298.7M413.8M425.3M767.1M415M417.7M888.4M967.6M1.03B966.1M
Intangible Assets55.1M164.8M144.4M646.4M583.5M552.3M1.05B997.4M978M918.3M
Long-Term Investments21.5M20.7M25M34.6M29.5M32.5M43.8M54M38.7M35M
Other Non-Current Assets47.4M43.8M91.7M56M12.3M14.4M30.4M18.2M18.6M33.7M
Total Assets+3.15B3.25B3.36B4.29B3.56B3.77B5.42B6.32B6.23B5.68B
Asset Turnover1.20x1.38x1.13x0.96x1.15x1.15x1.08x1.08x1.03x0.92x
Asset Growth %0.01%0.03%0.03%0.28%-0.17%0.06%0.44%0.17%-0.01%-0.09%
Total Current Liabilities+908.1M964.9M1.04B1.26B944.4M1.08B1.44B1.49B1.75B1.28B
Accounts Payable339.1M378.2M420.5M458.2M393.5M457.6M693.5M662.6M558M393.4M
Days Payables Outstanding45.542.453.7954.4148.0853.2960.5549.7144.1436.95
Short-Term Debt6M5.9M5.6M41.3M41.3M43.1M37.4M89M454.7M242.8M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities343.1M383.7M200.4M585.9M333.6M343.3M372.8M449.2M475M129M
Current Ratio2.19x1.75x1.78x1.50x1.62x1.55x1.47x1.81x1.43x1.65x
Quick Ratio1.43x0.96x1.04x0.75x0.74x0.89x0.64x0.82x0.59x0.63x
Cash Conversion Cycle84.8576.590.7388.8182.1457.9475.2289.77100.8115.29
Total Non-Current Liabilities+963.1M879.7M840.2M1.45B1.32B1.18B2.07B2.79B2.39B2.51B
Long-Term Debt442.5M436.5M431.8M1.18B1.07B908.3M1.78B2.42B1.98B2.1B
Capital Lease Obligations000070.1M69.8M75.5M97.8M133.9M145.1M
Deferred Tax Liabilities12.3M2.5M00003.1M60.7M12.4M10.4M
Other Non-Current Liabilities508.3M440.7M408.4M272.8M181M203.3M214.1M210.6M269M252.2M
Total Liabilities1.87B1.84B1.88B2.7B2.26B2.26B3.51B4.28B4.14B3.79B
Total Debt+448.5M442.4M437.4M1.22B1.2B1.04B1.92B2.63B2.59B2.51B
Net Debt-208.8M20M-11.4M926.4M877.5M520.8M1.56B2.04B2.12B2.24B
Debt / Equity0.35x0.31x0.29x0.77x0.92x0.69x1.00x1.29x1.24x1.33x
Debt / EBITDA1.10x0.76x1.05x2.55x1.96x1.50x1.94x2.23x2.57x4.18x
Net Debt / EBITDA-0.51x0.03x-0.03x1.93x1.44x0.75x1.58x1.73x2.11x3.74x
Interest Coverage11.92x17.44x12.51x7.88x6.20x8.01x12.32x9.66x6.54x2.46x
Total Equity+1.28B1.41B1.48B1.58B1.3B1.51B1.91B2.04B2.09B1.89B
Equity Growth %0.09%0.1%0.05%0.07%-0.18%0.16%0.27%0.07%0.02%-0.09%
Book Value per Share13.5915.3116.4617.9415.2718.9524.4227.1629.6128.08
Total Shareholders' Equity1.28B1.41B1.48B1.58B1.3B1.51B1.91B2.04B2.09B1.89B
Common Stock76.9M76.9M76.9M76.9M76.9M76.9M76.9M76.9M76.9M76.9M
Retained Earnings1.66B1.88B1.97B2.14B1.93B2.23B2.72B3.29B3.6B3.61B
Treasury Stock-389.9M-465.2M-575.4M-638M-1.02B-1.13B-1.25B-1.68B-1.95B-2.15B
Accumulated OCI-474.1M-434.6M-359.8M-363.1M-53.4M-42.7M-31.5M-29.5M-25.7M-53.4M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+323.5M421.9M400.3M337M434.2M798.3M574M586.1M733.6M431.4M
Operating CF Margin %0.09%0.09%0.11%0.08%0.11%0.18%0.1%0.09%0.11%0.08%
Operating CF Growth %0.37%0.3%-0.05%-0.16%0.29%0.84%-0.28%0.02%0.25%-0.41%
Net Income227.4M274.4M187.3M263.1M30.4M374.7M595.4M681.3M432.6M149.3M
Depreciation & Amortization88.9M103.9M98.2M149.6M138.7M153.4M178.1M231.2M272.9M288.8M
Stock-Based Compensation20.8M16.9M17.8M19.2M027.1M021.9M22.4M23.4M
Deferred Taxes55M82.7M61.3M37.4M-49.8M-11.5M-21.8M-19.9M14M-42.1M
Other Non-Cash Items22.9M4.7M87.7M-75.2M272.5M28M16.2M22.2M22.1M100.1M
Working Capital Changes-63.7M-30.4M-52M-57.1M42.4M226.6M-193.9M-350.6M-30.4M-88.1M
Change in Receivables-12.3M-1.1M-58.1M-27.3M41.4M-19.9M-85.1M-74.6M54.5M45M
Change in Inventory-15.2M-48.2M-65.6M-84.2M-50.5M109.3M-343.2M-292.8M700K112.8M
Change in Payables1.1M39.2M34.7M49.3M-32.7M64.5M134.2M-12.2M-86.1M-144.2M
Cash from Investing+-39.8M-484.5M-178.9M-1.11B194.7M-246.9M-1.35B-443.2M-378.9M-168.9M
Capital Expenditures-132.5M-193.9M-189.3M-193.4M-232.6M-182.4M-267.1M-388.3M-289.3M-167.4M
CapEx % of Revenue0.04%0.04%0.05%0.05%0.06%0.04%0.05%0.06%0.05%0.03%
Acquisitions----------
Investments----------
Other Investing49.8M4.7M-2.7M-186.9M481.7M-4.6M011.3M14.8M16.7M
Cash from Financing+-163.5M-172.4M-203.7M620.5M-600.8M-361.8M621.8M110.8M-487M-442.7M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-48.3M-55.4M-60.6M-67.8M-73.4M-78.3M-98.9M-108.6M-112M-112.3M
Share Repurchases----------
Other Financing800K-7.9M-8.6M-19M-12.8M-6.1M-21.5M-20.5M-13.8M-27.8M
Net Change in Cash----------
Free Cash Flow+191M228M211M143.6M201.6M615.9M306.9M197.8M444.3M264M
FCF Margin %0.05%0.05%0.06%0.03%0.05%0.14%0.05%0.03%0.07%0.05%
FCF Growth %0.71%0.19%-0.07%-0.32%0.4%2.06%-0.5%-0.36%1.25%-0.41%
FCF per Share2.032.482.341.632.377.733.912.636.303.92
FCF Conversion (FCF/Net Income)1.34x1.53x2.73x1.27x-3.31x2.14x0.97x0.87x1.75x3.32x
Interest Paid28.5M30.1M33M46.8M072.8M095.3M117.2M140.2M
Taxes Paid32.8M32.6M73.5M21.7M0111.5M0196.9M175.4M93.5M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)19.68%20.52%10.13%17.31%-9.09%26.52%34.65%34.22%20.36%6.54%
Return on Invested Capital (ROIC)23.15%28.76%17.08%13.4%15.07%19.22%22.14%18.81%13.29%5.6%
Gross Margin28.04%27.46%24.95%25.41%27.29%27.9%28.5%28.58%27.92%25.79%
Net Margin6.39%6.15%3.85%6.44%-3.19%8.57%10.15%9.94%6.57%2.48%
Debt / Equity0.35x0.31x0.29x0.77x0.92x0.69x1.00x1.29x1.24x1.33x
Interest Coverage11.92x17.44x12.51x7.88x6.20x8.01x12.32x9.66x6.54x2.46x
FCF Conversion1.34x1.53x2.73x1.27x-3.31x2.14x0.97x0.87x1.75x3.32x
Revenue Growth-1.52%18.74%-15.29%8.38%-0.3%5.82%34.47%16.52%-6.03%-18.19%

Revenue by Segment

2015201620172018201920202021202220232024
Propulsion---1.55B1.48B1.88B2.17B2.43B2.41B1.81B
Propulsion Growth-----4.66%26.98%15.37%11.93%-0.79%-24.83%
Boat1.27B1.37B1.1B1.47B1.33B1.25B1.7B2.12B1.99B1.55B
Boat Growth-7.48%-19.48%33.00%-9.08%-6.26%36.22%24.43%-6.15%-21.88%
Parts and Accessories---1.44B1.59B1.51B1.98B2.27B1.19B1.15B
Parts and Accessories Growth----10.55%-5.36%30.96%14.75%-47.40%-3.20%
Navico Group--------813.5M800.2M
Navico Group Growth----------1.63%
Fitness794.6M980.4M1.03B1.04B------
Fitness Growth-23.38%5.44%0.45%------
Marine Engine2.31B2.44B2.63B-------
Marine Engine Growth-5.48%7.81%-------
Marine eliminations-277.8M---------
Marine eliminations Growth----------

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES2.73B3.03B2.97B3.45B2.87B3B3.96B4.7B4.45B3.55B
UNITED STATES Growth-11.13%-1.93%16.11%-16.83%4.42%32.15%18.61%-5.31%-20.28%
Europe---708.5M526.5M----758.6M
Europe Growth-----25.69%-----
Asia Pacific---439.5M277.8M----360.8M
Asia Pacific Growth-----36.79%-----
World---256.8M165.8M--2.11B1.95B314M
World Growth-----35.44%----7.64%-83.91%
Non-US-1.46B1.54B--1.35B1.88B---
Non-US Growth--5.50%---39.63%---
International1.38B---------
International Growth----------

Frequently Asked Questions

Valuation & Price

Brunswick Corporation (BC) has a price-to-earnings (P/E) ratio of 46.0x. This suggests investors expect higher future growth.

Growth & Financials

Brunswick Corporation (BC) reported $5.18B in revenue for fiscal year 2024. This represents a 41% increase from $3.67B in 2011.

Brunswick Corporation (BC) saw revenue decline by 18.2% over the past year.

Brunswick Corporation (BC) reported a net loss of $238.5M for fiscal year 2024.

Dividend & Returns

Yes, Brunswick Corporation (BC) pays a dividend with a yield of 1.88%. This makes it attractive for income-focused investors.

Brunswick Corporation (BC) has a return on equity (ROE) of 6.5%. This is below average, suggesting room for improvement.

Brunswick Corporation (BC) generated $588.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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