Latest Ratios: P/E Ratio -31.8x · EV/EBITDA 25.5x · ROE -7.8%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.3B | $4.9B | $4.4B | $6.8B | $5.4B | $7.9B | $6.1B | $5.1B | $4.1B | $5.0B | $5.0B |
| Enterprise Value | $6.5B | $7.0B | $6.6B | $8.9B | $7.5B | $9.5B | $6.6B | $6.0B | $5.0B | $5.0B | $5.0B |
| P/E Ratio → | -31.84 | — | 33.51 | 16.23 | 8.01 | 13.31 | 16.22 | — | 15.43 | 34.09 | 18.18 |
| P/S Ratio | 0.80 | 0.91 | 0.83 | 1.07 | 0.80 | 1.35 | 1.40 | 1.24 | 0.99 | 1.31 | 1.12 |
| P/B Ratio | 2.68 | 3.00 | 2.30 | 3.27 | 2.65 | 4.13 | 4.02 | 3.93 | 2.59 | 3.36 | 3.56 |
| P/FCF | 10.86 | 12.31 | 16.51 | 15.35 | 27.40 | 25.73 | 9.87 | 25.35 | 28.53 | 23.58 | 22.01 |
| P/OCF | 7.66 | 8.68 | 10.11 | 9.30 | 9.25 | 13.76 | 7.61 | 11.77 | 12.16 | 12.43 | 11.89 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.31 | 1.26 | 1.40 | 1.10 | 1.62 | 1.52 | 1.46 | 1.22 | 1.31 | 1.12 |
| EV / EBITDA | 25.53 | 27.80 | 11.00 | 8.88 | 6.33 | 9.55 | 9.52 | 9.82 | 10.48 | 11.89 | 8.64 |
| EV / EBIT | — | — | 20.01 | 12.07 | 7.84 | 11.79 | 12.22 | 32.07 | 14.08 | 20.74 | 12.07 |
| EV / FCF | — | 17.74 | 25.01 | 20.13 | 37.71 | 30.83 | 10.71 | 29.70 | 34.98 | 23.53 | 22.10 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.8% | 24.8% | 25.8% | 27.9% | 28.6% | 28.5% | 27.9% | 27.3% | 25.4% | 24.9% | 27.5% |
| Operating Margin | -0.7% | -0.7% | 5.9% | 11.5% | 13.9% | 13.9% | 12.4% | 11.5% | 8.6% | 8.7% | 10.7% |
| Net Profit Margin | -2.6% | -2.6% | 2.5% | 6.6% | 9.9% | 10.1% | 8.6% | -3.2% | 6.4% | 3.9% | 6.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -7.8% | -7.8% | 6.5% | 20.4% | 34.2% | 34.7% | 26.5% | -9.1% | 17.3% | 10.1% | 20.5% |
| ROA | -2.5% | -2.5% | 2.2% | 6.7% | 11.5% | 12.9% | 10.2% | -3.3% | 6.9% | 4.4% | 8.6% |
| ROIC | -0.8% | -0.8% | 5.6% | 13.3% | 18.8% | 22.1% | 19.2% | 15.1% | 13.4% | 17.1% | 28.8% |
| ROCE | -1.0% | -1.0% | 7.0% | 15.8% | 21.5% | 24.4% | 20.3% | 16.7% | 13.3% | 14.3% | 21.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.49 | 1.49 | 1.33 | 1.24 | 1.29 | 1.00 | 0.69 | 0.92 | 0.77 | 0.29 | 0.31 |
| Debt / EBITDA | 9.60 | 9.60 | 4.18 | 2.57 | 2.23 | 1.94 | 1.50 | 1.96 | 2.55 | 1.05 | 0.76 |
| Net Debt / Equity | — | 1.32 | 1.19 | 1.02 | 1.00 | 0.82 | 0.34 | 0.67 | 0.59 | -0.01 | 0.01 |
| Net Debt / EBITDA | 8.52 | 8.52 | 3.74 | 2.11 | 1.73 | 1.58 | 0.75 | 1.44 | 1.93 | -0.03 | 0.03 |
| Debt / FCF | — | 5.43 | 8.50 | 4.78 | 10.31 | 5.09 | 0.85 | 4.35 | 6.45 | -0.05 | 0.09 |
| Interest Coverage | -0.21 | -0.21 | 2.61 | 6.60 | 9.70 | 12.16 | 8.02 | 2.46 | 7.91 | 9.06 | 15.17 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.44 | 1.44 | 1.65 | 1.43 | 1.81 | 1.47 | 1.55 | 1.62 | 1.50 | 1.78 | 1.75 |
| Quick Ratio | 0.61 | 0.61 | 0.63 | 0.59 | 0.82 | 0.64 | 0.89 | 0.74 | 0.75 | 1.04 | 0.96 |
| Cash Ratio | 0.19 | 0.19 | 0.21 | 0.27 | 0.40 | 0.25 | 0.53 | 0.34 | 0.23 | 0.43 | 0.47 |
| Asset Turnover | — | 1.01 | 0.92 | 1.03 | 1.08 | 1.08 | 1.15 | 1.15 | 0.96 | 1.13 | 1.38 |
| Inventory Turnover | 3.38 | 3.38 | 2.98 | 3.12 | 3.31 | 3.46 | 4.40 | 3.62 | 3.26 | 3.73 | 4.27 |
| Days Sales Outstanding | — | 35.58 | 29.90 | 28.12 | 29.09 | 30.30 | 28.34 | 29.48 | 31.16 | 46.59 | 33.46 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.6% | 2.3% | 2.6% | 1.6% | 2.0% | 1.3% | 1.3% | 1.4% | 1.7% | 1.2% | 1.1% |
| Payout Ratio | — | — | 86.3% | 26.6% | 16.0% | 16.7% | 21.0% | — | 25.6% | 41.4% | 20.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 3.0% | 6.2% | 12.5% | 7.5% | 6.2% | — | 6.5% | 2.9% | 5.5% |
| FCF Yield | 9.2% | 8.1% | 6.1% | 6.5% | 3.6% | 3.9% | 10.1% | 3.9% | 3.5% | 4.2% | 4.5% |
| Buyback Yield | 1.9% | 1.6% | 4.6% | 4.0% | 8.3% | 1.5% | 1.9% | 7.8% | 1.8% | 2.6% | 2.4% |
| Total Shareholder Yield | 4.4% | 3.9% | 7.2% | 5.7% | 10.3% | 2.8% | 3.2% | 9.3% | 3.5% | 3.8% | 3.5% |
| Shares Outstanding | — | $66M | $67M | $71M | $75M | $78M | $80M | $85M | $88M | $90M | $92M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying BC stock.
Brunswick Corporation's current P/E ratio is -31.8x. The historical average is 21.3x.
Brunswick Corporation's current EV/EBITDA is 25.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.9x.
Brunswick Corporation's return on equity (ROE) is -7.8%. The historical average is 13.9%.
Based on historical data, Brunswick Corporation is trading at a P/E of -31.8x. Compare with industry peers and growth rates for a complete picture.
Brunswick Corporation's current dividend yield is 2.59%.
Brunswick Corporation has 24.8% gross margin and -0.7% operating margin.
Brunswick Corporation's Debt/EBITDA ratio is 9.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Margin recovery sustainability
Metrics are mathematically derived from official filings.
Margin Recovery Still in Early Innings
Gross margin expanded to 28.1% in 2026Q2 from 24.0% a year earlier, yet TTM operating margin remains negative at -0.7%, per reported figures, indicating the recovery is incomplete.
The sequential improvement in gross margin from 24.9% in 2026Q1 to 28.1% in 2026Q2 suggests better cost absorption or pricing power, but the TTM operating margin of -0.7% and net margin of -2.6% reveal that fixed costs are still not fully covered. The 2026Q2 operating margin of 8.3% is a sharp rebound from the -4.8% in 2024Q4, yet it remains below the 11.0% peak seen in 2024Q2, implying that the company has not fully regained its pre-downturn profitability. Investors should monitor whether this margin expansion is durable or driven by one-off items, as the prior quarter's net loss of -17.3% in 2025Q3 suggests earnings volatility.
Return on Capital Inflecting Off Cyclical Trough
ROIC improved to 2.7% in 2026Q2 from -1.0% in 2024Q4, but remains well below the 2.7% level seen in 2024Q2, indicating a slow recovery in capital efficiency.
The return on invested capital has swung from negative territory in 2024Q4 to a positive 2.7% in 2026Q2, but this is still far from the double-digit returns typical of a healthy cyclical upturn. ROE of 6.9% in 2026Q2 is a significant improvement from the -13.3% in 2025Q3, yet the negative TTM ROE of -7.8% highlights that equity holders have not yet seen sustained value creation. The improvement appears driven by margin recovery rather than asset efficiency, as asset turnover has remained relatively flat around 0.25-0.28, suggesting that the company is still operating below optimal capacity utilization.
Working Capital Cycle Lengthens as Inventory Builds
Cash conversion cycle extended to 98 days in 2026Q2 from 128 days in 2024Q2, driven by a rise in days inventory outstanding to 100, according to financial statements, signaling potential inventory overhang.
The cash conversion cycle has improved from the 142-day peak in 2024Q4, but the recent uptick to 98 days in 2026Q2 from 113 days in 2026Q1 suggests that inventory levels are building again. Days inventory outstanding rose to 100 in 2026Q2 from 110 in 2026Q1, while days sales outstanding improved to 35 from 40, indicating that receivables collection is strong but inventory is not being cleared as quickly. This may reflect dealer inventory overhang or preparation for peak season, but if retail demand softens, the working capital cycle could lengthen further, pressuring cash flow.
Leverage Elevated Despite Deleveraging Trend
Debt-to-equity stands at 1.40 in 2026Q2, down from 1.45 in 2024Q1, but interest coverage of 5.29 remains thin, according to balance sheet data, indicating limited cushion for earnings shocks.
The company has reduced total debt from $3.0B in 2024Q1 to $2.2B in 2026Q2, but the debt-to-equity ratio remains high at 1.40, reflecting the erosion of equity from cumulative losses. Interest coverage improved to 5.29 in 2026Q2 from 2.09 in 2026Q1, but this is still below the 5.06 level seen in 2024Q2, and the negative interest coverage in 2025Q3 (-8.86) highlights the vulnerability of earnings to debt service. The reported D/E of 1.40 may understate true leverage if dealer buyback obligations and floorplan assistance are not fully captured, as per industry norms, warranting scrutiny.
Liquidity Buffer Thinning as Current Ratio Declines
Current ratio fell to 1.24 in 2026Q2 from 1.68 in 2024Q1, with quick ratio at 0.51, indicating reduced short-term cushion, according to reported figures, and potential stress under a downturn.
The current ratio has deteriorated from 1.68 in 2024Q1 to 1.24 in 2026Q2, and the quick ratio of 0.51 suggests that the company relies heavily on inventory to meet short-term obligations. Cash declined from $559.5M in 2024Q1 to $288.1M in 2026Q2, reducing the buffer against unexpected shocks. While the 2026Q2 FCF margin of 17.6% provides some near-term relief, the thin liquidity position could become strained if the recovery stalls or if dealer buyback obligations materialize.
Misapplied Metric: EV/EBITDA on Cyclical Trough
The current EV/EBITDA of 29.34 is distorted by trough EBITDA, while forward EV/EBITDA of 9.62 better reflects normalized earnings, per reported figures, making the trailing multiple misleading.
The trailing EV/EBITDA of 29.34 is artificially inflated because EBITDA is depressed at the cyclical trough, while the forward EV/EBITDA of 9.62 suggests the market is pricing a recovery. Using the trailing multiple to compare with peers like Malibu Boats (9.41) or MasterCraft (18.42) would overstate Brunswick's valuation. Instead, investors should focus on forward EV/EBITDA or EV/Sales (0.98) to gauge valuation, as the company's earnings power is expected to normalize. Additionally, the negative P/E of -38.97 is meaningless for valuation purposes, and the P/B of 3.28 may be more relevant given the asset-heavy nature of the business.