Latest Ratios: P/E Ratio 23.8x · EV/EBITDA 11.4x · 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 | $5.0B | $4.9B | $4.4B | $6.8B | $5.4B | $7.9B | $6.1B | $5.1B | $4.1B | $5.0B | $5.0B |
| Enterprise Value | $7.2B | $7.0B | $6.6B | $8.9B | $7.5B | $9.5B | $6.6B | $6.0B | $5.0B | $5.0B | $5.0B |
| P/E Ratio → | 23.82 | — | 33.51 | 16.23 | 8.01 | 13.31 | 16.22 | — | 15.43 | 34.09 | 18.18 |
| P/S Ratio | 0.88 | 0.91 | 0.83 | 1.07 | 0.80 | 1.35 | 1.40 | 1.24 | 0.99 | 1.31 | 1.12 |
| P/B Ratio | 3.12 | 3.00 | 2.30 | 3.27 | 2.65 | 4.13 | 4.02 | 3.93 | 2.59 | 3.36 | 3.56 |
| P/FCF | 13.46 | 12.31 | 16.51 | 15.35 | 27.40 | 25.73 | 9.87 | 25.35 | 28.53 | 23.58 | 22.01 |
| P/OCF | 8.93 | 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 | 11.43 | 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 | 2.2% | 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 | 4.2% | — | 3.0% | 6.2% | 12.5% | 7.5% | 6.2% | — | 6.5% | 2.9% | 5.5% |
| FCF Yield | 7.4% | 8.1% | 6.1% | 6.5% | 3.6% | 3.9% | 10.1% | 3.9% | 3.5% | 4.2% | 4.5% |
| Buyback Yield | 1.6% | 1.6% | 4.6% | 4.0% | 8.3% | 1.5% | 1.9% | 7.8% | 1.8% | 2.6% | 2.4% |
| Total Shareholder Yield | 3.8% | 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 23.8x. The historical average is 21.3x. This places it at the 83th percentile of its historical range.
Brunswick Corporation's current EV/EBITDA is 11.4x. 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 23.8x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Brunswick Corporation's current dividend yield is 2.22%.
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
Leverage amplifies unresolved profitability gap
Metrics are mathematically derived from official filings.
Forward Multiples Price Recovery Ahead of Earnings
Based on Brunswick's reported figures, the trailing P/E of -37.13 is uninformative while the forward P/E of 16.73 and forward EV/EBITDA of 9.09 show the market is pricing a recovery well before consolidated profitability appears in trailing results.
With trailing earnings negative, the forward P/E of 16.73 and forward EV/EBITDA of 9.09 become the relevant anchors, and both sit below the trailing EV/EBITDA of 28.36 that reflects depressed earnings. Relative to MBUU at 26.61x and MCFT at 47.35x on trailing earnings, BC's forward multiple appears undemanding, but that comparison only holds if the raised guidance is delivered. The P/S of 0.94 and P/FCF of 12.66 suggest the market is weighting cash generation over accounting earnings, consistent with the lumpy working capital-driven cash profile in the reported data.
Gross Margin Gains Stall Below Operating Line
As reported in quarterly statements, Brunswick's gross margin climbed from 21.9% in 2024Q4 to 28.3% in 2026Q3, yet the 7.2% operating margin remains well below the 11.0% reached in 2024Q2, pointing to cost absorption pressure.
The widening spread between gross and operating margin suggests SG&A and fixed manufacturing overhead are absorbing gross profit gains rather than letting them flow through. A trailing operating margin of -0.7% confirms that the single-quarter improvement has not yet produced durable earnings power over a full year. Investors should treat the latest margin as a recovery signal only after it persists across additional periods.
Returns Improving From Negative Territory
Based on Brunswick's reported figures, ROIC has moved from -1.0% in 2024Q4 to 2.2% in 2026Q3 and ROE from -4.2% to 3.7%, a directional improvement that remains modest against a debt-heavy capital base.
The return improvement is real in direction but limited in magnitude, and ROIC of 2.2% sits below the peer range of roughly 3.2% to 4.4%, indicating Brunswick is not yet compounding capital more efficiently than competitors such as Malibu Boats and MasterCraft. Part of the ROE recovery reflects a shrinking equity base as total assets declined, so the denominator effect should be separated from genuine earnings improvement. The spread between ROIC and the cost of capital warrants continued monitoring.
Coverage Improves but Debt Load Persists
According to recent SEC filings, Brunswick's interest coverage improved from 1.95x in 2025Q1 to 4.62x in 2026Q3, while a debt-to-equity ratio of 1.30 remains elevated for a business still reporting negative trailing operating margins.
The coverage improvement suggests debt service has become more comfortable, though the figure is driven heavily by the quarterly operating rebound rather than a sustained earnings base. Debt-to-EBITDA of 12.45 in the latest quarter, versus a range of roughly 11 to 21 over the period, indicates leverage relative to earnings remains high. Refinancing exposure and covenant headroom cannot be assessed from the supplied data, so investors should monitor whether coverage holds if the recovery stalls.
Current Ratio Adequate but Quick Ratio Thin
Based on reported figures, Brunswick's current ratio of 1.51 in 2026Q3 looks adequate on the surface, but a quick ratio of 0.62 indicates that only about 60% of current liabilities are covered without relying on inventory.
Dependence on inventory conversion is meaningful, with DIO of 109 days in the latest period, which matters if dealer destocking slows or wholesale volumes soften. Cash of $257.8M is modest against $2.2B of total debt, limiting the buffer under a severe stress scenario. The position appears workable in base conditions but would be tested by a sharp fall in dealer demand and an inability to convert inventory quickly.
Misapplied Trailing Multiple Obscures Recovery
As reported in financial statements, the trailing P/E of -37.13 is the metric most often misapplied to Brunswick, because a negative denominator distorts comparison and hides whether the recovery is genuinely underway.
Analysts commonly anchor on trailing P/E or ROE for cyclical manufacturers, yet Brunswick's trailing figures are depressed by discrete charges and the 2025Q3 net loss of $235.5M, which the supplied data does not isolate. A more informative approach pairs forward P/E with normalized operating margin and cash-based measures such as P/FCF of 12.66, adjusted for working capital swings. Until discrete items are separated from recurring operations, conclusions about earnings power should remain provisional.