The Brink's Company (BCO) 10-Year Financial Performance & Capital Metrics

BCO • • Industrial / General

IndustrialsSecurity ServicesSpecialized Security ServicesCash Management & Transport

AboutThe Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance services; network infrastructure; and cash-in-transit services. It also provides transportation services for diamonds, jewelry, precious metals, securities, bank notes, currency, high-tech devices, electronics, and pharmaceuticals; vault outsourcing and money processing services; and services related to deploying and servicing intelligent safes and safe control devices, as well as cashier balancing, counterfeit detection, account consolidation, electronic reporting, check imaging, and reconciliation services. In addition, the company offers technology applications, including online cash tracking, cash inventory management, and other web-based tools. Further, it provides bill payment and collection services; prepaid cards and corporate debit cards; and security system design and installation services that include alarms, motion detectors, closed-circuit televisions, and digital video recorders, as well as access control systems comprising card and biometric readers, electronic locks, and turnstiles. Additionally, the company offers monitoring services; and security and guarding services to protect airports, offices, warehouses, stores, and public venues. It serves banks and financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations. The company was formerly known as The Pittston Company and changed its name to The Brink's Company in May 2003. The Brink's Company was founded in 1859 and is headquartered in Richmond, Virginia.Show more

Revenue $5.01B +2.8%
EBITDA $746M +6.5%
Net Income $163M +85.7%
EPS (Diluted) 3.63 +94.1%
Gross Margin 25.32% +5.7%
EBITDA Margin 14.89% +3.5%
Operating Margin 9.04% +3.6%
Net Margin 3.25% +80.7%
ROE 39.13% +143.2%
ROIC 10.63% +9.1%
Debt/Equity 13.61 +82.6%
Interest Coverage 1.92 -7.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 32.2%
✓Strong 5Y profit CAGR of 41.2%
✓Strong Piotroski F-Score: 8/9
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 4.5% through buybacks
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 13.6x
✗Expensive at 17.9x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.47%

5Y6.35%

3Y6.07%

TTM3.07%

Profit (Net Income) CAGR

10Y-

5Y41.22%

3Y15.69%

TTM42.46%

EPS CAGR

10Y-

5Y44.81%

3Y20.01%

TTM48.68%

ROCE

10Y Avg9.28%

5Y Avg8.48%

3Y Avg8.98%

Latest9.66%

Peer Comparison

Cash Management & Transport

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCOThe Brink's Company	5.18B	124.80	34.38	2.82%	3.31%	42.9%	3.92%	13.61
GFAIGuardforce AI Co., Limited	13.09M	0.60	-1.13	0.18%	-32.94%	-69.69%		0.08

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.06B	3.02B	3.35B	3.49B	3.68B	3.69B	4.2B	4.54B	4.87B	5.01B
Revenue Growth %	-0.14%	-0.01%	0.11%	0.04%	0.06%	0%	0.14%	0.08%	0.07%	0.03%
Cost of Goods Sold+	2.47B	2.42B	2.61B	2.7B	2.83B	2.88B	3.24B	3.46B	3.71B	3.74B
COGS % of Revenue	0.81%	0.8%	0.78%	0.77%	0.77%	0.78%	0.77%	0.76%	0.76%	0.75%
Gross Profit+	589.8M	595.8M	738.8M	785.6M	851.1M	813.6M	964.4M	1.07B	1.17B	1.27B
Gross Margin %	0.19%	0.2%	0.22%	0.23%	0.23%	0.22%	0.23%	0.24%	0.24%	0.25%
Gross Profit Growth %	-0.04%	0.01%	0.24%	0.06%	0.08%	-0.04%	0.19%	0.11%	0.09%	0.09%
Operating Expenses+	460.1M	451.6M	463.3M	506.7M	614.3M	600.1M	609.7M	712.3M	742.3M	815.8M
OpEx % of Revenue	0.15%	0.15%	0.14%	0.15%	0.17%	0.16%	0.15%	0.16%	0.15%	0.16%
Selling, General & Admin	463.8M	431.5M	468.2M	509.2M	0	584.5M	629.7M	687M	684.4M	834.5M
SG&A % of Revenue	0.15%	0.14%	0.14%	0.15%	-	0.16%	0.15%	0.15%	0.14%	0.17%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-500K	-1.3M	-49.4M	0	614.3M	15.6M	-20M	25.3M	57.9M	-18.7M
Operating Income+	56.6M	144.2M	273.9M	274.7M	236.8M	213.5M	354.7M	361.3M	425.2M	453M
Operating Margin %	0.02%	0.05%	0.08%	0.08%	0.06%	0.06%	0.08%	0.08%	0.09%	0.09%
Operating Income Growth %	3.06%	1.55%	0.9%	0%	-0.14%	-0.1%	0.66%	0.02%	0.18%	0.07%
EBITDA+	196.5M	275.8M	420.5M	437M	421.6M	420.3M	594.2M	607.1M	701M	746.3M
EBITDA Margin %	0.06%	0.09%	0.13%	0.13%	0.11%	0.11%	0.14%	0.13%	0.14%	0.15%
EBITDA Growth %	0.46%	0.4%	0.52%	0.04%	-0.04%	-0%	0.41%	0.02%	0.15%	0.06%
D&A (Non-Cash Add-back)	139.9M	131.6M	146.6M	162.3M	184.8M	206.8M	239.5M	245.8M	275.8M	293.3M
EBIT	60M	145.4M	215.3M	109.2M	209M	180.7M	347.7M	365M	439.6M	501.7M
Net Interest Income+	-15.6M	-17.8M	-29.7M	-59.8M	-87.8M	-95.8M	-100.1M	-115.2M	-167.5M	-186.5M
Interest Income	3.3M	2.6M	4.1M	6.9M	5.6M	5.6M	12.1M	23.6M	36.3M	48.9M
Interest Expense	18.9M	20.4M	33.8M	66.7M	93.4M	101.4M	112.2M	138.8M	203.8M	235.4M
Other Income/Expense	-55.3M	-59.5M	-92.4M	-232.2M	-143.3M	-134.2M	-119.2M	-135.1M	-189.4M	-186.7M
Pretax Income+	41.1M	125M	181.5M	42.5M	93.5M	79.3M	235.5M	226.2M	235.8M	266.3M
Pretax Margin %	0.01%	0.04%	0.05%	0.01%	0.03%	0.02%	0.06%	0.05%	0.05%	0.05%
Income Tax+	66.5M	78.5M	157.7M	70M	61M	56.6M	120.3M	41.4M	139.2M	92.7M
Effective Tax Rate %	-0.29%	0.28%	0.09%	-0.78%	0.31%	0.2%	0.45%	0.75%	0.37%	0.61%
Net Income+	-11.9M	34.5M	16.7M	-33.3M	29M	16M	105.2M	170.6M	87.7M	162.9M
Net Margin %	-0%	0.01%	0%	-0.01%	0.01%	0%	0.03%	0.04%	0.02%	0.03%
Net Income Growth %	0.86%	3.9%	-0.52%	-2.99%	1.87%	-0.45%	5.58%	0.62%	-0.49%	0.86%
Net Income (Continuing)	-25.4M	46.5M	23.8M	-27.5M	32.5M	22.7M	115.2M	184.8M	96.6M	173.6M
Discontinued Operations	-2M	0	0	0	700K	-800K	2.1M	-2.9M	1.7M	1.1M
Minority Interest	12.7M	17.7M	20.8M	12.9M	15.8M	73.7M	129.6M	123.1M	122.8M	127.6M
EPS (Diluted)+	-0.24	0.68	0.32	-0.65	0.57	0.45	2.10	3.57	1.87	3.63
EPS Growth %	0.86%	3.83%	-0.53%	-3.03%	1.88%	-0.21%	3.67%	0.7%	-0.48%	0.94%
EPS (Basic)	-0.25	0.69	0.33	-0.65	0.58	0.45	2.13	3.61	1.90	3.68
Diluted Shares Outstanding	49.3M	50.6M	50.5M	50.9M	51.1M	50.8M	50.1M	47.8M	46.9M	44.8M
Basic Shares Outstanding	47.89M	50M	50.5M	50.9M	50.2M	50.4M	49.5M	47.3M	46.2M	44.3M
Dividend Payout Ratio	-	0.57%	1.66%	-	1.03%	1.88%	0.35%	0.22%	0.45%	0.26%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	777.7M	843.7M	1.26B	942.9M	1.23B	1.81B	2B	2.6B	2.79B	2.89B
Cash & Short-Term Investments	198.3M	183.5M	614.3M	343.4M	311M	620.9M	710.3M	972M	1.18B	1.4B
Cash Only	198.3M	183.5M	614.3M	343.4M	311M	620.9M	710.3M	972M	1.18B	1.4B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	497.8M	517.6M	653.5M	609.6M	661.3M	702.6M	720.2M	888.5M	796.3M	750.4M
Days Sales Outstanding	59.35	62.55	71.27	63.77	65.53	69.48	62.59	71.5	59.63	54.65
Inventory	13.3M	10.9M	4.8M	5.8M	0	0	0	0	0	24.3M
Days Inventory Outstanding	1.96	1.64	0.67	0.78	-	-	-	-	-	2.37
Other Current Assets	14.9M	71.4M	202.1M	247.7M	178.7M	364.9M	434.6M	567.4M	638.4M	553.5M
Total Non-Current Assets+	1.17B	1.15B	1.8B	2.29B	2.53B	3.32B	3.57B	3.77B	3.81B	3.74B
Property, Plant & Equipment	549M	531M	640.9M	699.4M	1.03B	1.16B	1.16B	1.25B	1.35B	1.34B
Fixed Asset Turnover	5.58x	5.69x	5.22x	4.99x	3.56x	3.18x	3.61x	3.63x	3.61x	3.75x
Goodwill	185.3M	186.2M	453.7M	678.6M	784.6M	1.22B	1.41B	1.45B	1.47B	1.43B
Intangible Assets	28.5M	19.1M	105.7M	228.9M	272.5M	426.1M	491.2M	535.5M	488.3M	422.3M
Long-Term Investments	8.4M	7.6M	8.1M	8.7M	17M	29.7M	36.1M	77.9M	42.1M	47.7M
Other Non-Current Assets	68M	79.3M	368.4M	441M	150M	170.7M	224.1M	208.3M	226.5M	253.5M
Total Assets+	1.95B	1.99B	3.06B	3.24B	3.76B	5.14B	5.57B	6.37B	6.6B	6.62B
Asset Turnover	1.57x	1.51x	1.09x	1.08x	0.98x	0.72x	0.75x	0.71x	0.74x	0.76x
Asset Growth %	-0.11%	0.02%	0.53%	0.06%	0.16%	0.36%	0.08%	0.14%	0.04%	0%
Total Current Liabilities+	641.8M	753.8M	663.1M	676.7M	1B	1.34B	1.43B	1.67B	1.94B	1.9B
Accounts Payable	155.3M	139.3M	174.6M	174.6M	184.5M	206M	211.2M	296.5M	249.7M	316.6M
Days Payables Outstanding	22.93	20.97	24.43	23.57	23.78	26.13	23.82	31.26	24.59	30.87
Short-Term Debt	72.4M	195.6M	97.1M	82.4M	88.8M	151.5M	125M	129.6M	268.8M	229.6M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	244.5M	244.2M	352.6M	396.2M	146M	255.1M	269.4M	286.3M	1.09B	318.1M
Current Ratio	1.21x	1.12x	1.90x	1.39x	1.23x	1.36x	1.40x	1.55x	1.43x	1.52x
Quick Ratio	1.19x	1.10x	1.89x	1.38x	1.23x	1.36x	1.40x	1.55x	1.43x	1.51x
Cash Conversion Cycle	38.38	43.22	47.5	40.98	-	-	-	-	-	26.15
Total Non-Current Liabilities+	974.3M	886.2M	2.06B	2.39B	2.55B	3.6B	3.89B	4.12B	4.14B	4.41B
Long-Term Debt	358.1M	247.6M	1.14B	1.47B	1.55B	2.33B	2.84B	3.27B	3.09B	3.61B
Capital Lease Obligations	0	0	74.3M	95.4M	218.4M	267.2M	241.8M	249.9M	442.1M	278.6M
Deferred Tax Liabilities	8.1M	7.6M	25.1M	16.7M	21.2M	42.7M	49.2M	67.8M	56.5M	62.8M
Other Non-Current Liabilities	608.1M	631M	647.5M	636.3M	759.8M	952.8M	752.4M	530.1M	552.7M	465.6M
Total Liabilities	1.62B	1.64B	2.72B	3.07B	3.56B	4.93B	5.31B	5.8B	6.08B	6.31B
Total Debt+	430.5M	443.2M	1.24B	1.55B	1.93B	2.83B	3.29B	3.73B	3.88B	4.25B
Net Debt	232.2M	259.7M	622.4M	1.21B	1.62B	2.21B	2.58B	2.76B	2.7B	2.86B
Debt / Equity	1.30x	1.25x	3.44x	8.66x	9.29x	13.98x	13.01x	6.54x	7.45x	13.61x
Debt / EBITDA	2.19x	1.61x	2.94x	3.56x	4.57x	6.73x	5.53x	6.14x	5.53x	5.70x
Net Debt / EBITDA	1.18x	0.94x	1.48x	2.77x	3.84x	5.26x	4.33x	4.54x	3.85x	3.83x
Interest Coverage	2.99x	7.07x	8.10x	4.12x	2.54x	2.11x	3.16x	2.60x	2.09x	1.92x
Total Equity+	330.6M	354.8M	359M	179.5M	207.6M	202.5M	252.6M	570.2M	520.2M	312.5M
Equity Growth %	-0.3%	0.07%	0.01%	-0.5%	0.16%	-0.02%	0.25%	1.26%	-0.09%	-0.4%
Book Value per Share	6.71	7.01	7.11	3.53	4.06	3.99	5.04	11.93	11.09	6.98
Total Shareholders' Equity	317.9M	337.1M	338.2M	166.6M	191.8M	128.8M	123M	447.1M	397.4M	184.9M
Common Stock	48.9M	50M	50.5M	49.7M	50.1M	49.5M	47.4M	46.3M	44.5M	42.9M
Retained Earnings	561.3M	576M	564.9M	429.1M	457.4M	407.5M	312.9M	417.2M	333M	285.4M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-891.9M	-907M	-926.6M	-953.3M	-979M	-1B	-907.9M	-700.5M	-656M	-804.1M
Minority Interest	12.7M	17.7M	20.8M	12.9M	15.8M	73.7M	129.6M	123.1M	122.8M	127.6M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	208.8M	167.5M	252.1M	364.1M	368.6M	317.7M	478M	479.9M	702.4M	426M
Operating CF Margin %	0.07%	0.06%	0.08%	0.1%	0.1%	0.09%	0.11%	0.11%	0.14%	0.08%
Operating CF Growth %	0.48%	-0.2%	0.51%	0.44%	0.01%	-0.14%	0.5%	0%	0.46%	-0.39%
Net Income	-28.2M	44.8M	23.6M	-27.5M	33.2M	21.9M	117.3M	181.9M	98.3M	174.7M
Depreciation & Amortization	139.9M	131.6M	146.6M	162.3M	185M	206.8M	239.5M	245.8M	275.8M	293.3M
Stock-Based Compensation	14.1M	9.5M	17.7M	28.2M	42.7M	31.3M	33.1M	48.6M	32.1M	36.5M
Deferred Taxes	7.1M	-2.9M	94.2M	-20.5M	-33.3M	-28.2M	14.6M	-62.3M	22.7M	-18M
Other Non-Cash Items	83M	58.8M	48.8M	153.1M	73.6M	43.8M	19.5M	246.8M	109M	-51.8M
Working Capital Changes	-7.1M	-74.3M	-78.8M	68.5M	67.4M	42.1M	54M	-180.9M	164.5M	-8.7M
Change in Receivables	-44.8M	-53.2M	-164.9M	-49.7M	15.8M	45.1M	-21.2M	-180.9M	69M	15.6M
Change in Inventory	0	0	0	0	-35M	0	-45.1M	-320.1M	0	0
Change in Payables	0	0	100.9M	69M	35M	0	45.1M	139.2M	0	0
Cash from Investing+	-103.7M	-108.9M	-394.9M	-672.7M	-333M	-565.4M	-454.7M	-331.2M	-179.8M	-216.2M
Capital Expenditures	-101.1M	-112.2M	-174.5M	-155.1M	-164.8M	-118.5M	-167.9M	-182.6M	-202.7M	-222.5M
CapEx % of Revenue	0.03%	0.04%	0.05%	0.04%	0.04%	0.03%	0.04%	0.04%	0.04%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	5.4M	4.7M	3M	3.1M	15M	-3.7M	6.9M	75.1M	19.8M	32.9M
Cash from Financing+	-49M	-25M	585.8M	93.4M	-38M	683.7M	171.3M	245.2M	-207.1M	42.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-19.5M	-19.8M	-27.7M	-30.4M	-29.9M	-30.1M	-37.2M	-37.6M	-39.6M	-41.8M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	10M	23.2M	-129.9M	-54.7M	-30.5M	-34.8M	-2.9M	-31.6M	-16.4M	-37.6M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	107.7M	55.3M	77.6M	209M	203.8M	199.2M	310.1M	297.3M	499.7M	203.5M
FCF Margin %	0.04%	0.02%	0.02%	0.06%	0.06%	0.05%	0.07%	0.07%	0.1%	0.04%
FCF Growth %	19.71%	-0.49%	0.4%	1.69%	-0.02%	-0.02%	0.56%	-0.04%	0.68%	-0.59%
FCF per Share	2.18	1.09	1.54	4.11	3.99	3.92	6.19	6.22	10.65	4.54
FCF Conversion (FCF/Net Income)	-17.55x	4.86x	15.10x	-10.93x	12.71x	19.86x	4.54x	2.81x	8.01x	2.62x
Interest Paid	18.6M	20.1M	27.1M	63.7M	84.2M	80.4M	107.7M	117.5M	195.8M	235.3M
Taxes Paid	45.4M	64.3M	83.8M	90.6M	23.9M	76.8M	83.8M	127.8M	96.3M	122.1M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-2.96%	10.07%	4.68%	-12.37%	14.98%	7.8%	46.23%	41.47%	16.09%	39.13%
Return on Invested Capital (ROIC)	6.4%	18.37%	25.74%	17.38%	11.05%	7.56%	10.15%	8.81%	9.74%	10.63%
Gross Margin	19.27%	19.72%	22.07%	22.52%	23.11%	22.04%	22.96%	23.67%	23.95%	25.32%
Net Margin	-0.39%	1.14%	0.5%	-0.95%	0.79%	0.43%	2.5%	3.76%	1.8%	3.25%
Debt / Equity	1.30x	1.25x	3.44x	8.66x	9.29x	13.98x	13.01x	6.54x	7.45x	13.61x
Interest Coverage	2.99x	7.07x	8.10x	4.12x	2.54x	2.11x	3.16x	2.60x	2.09x	1.92x
FCF Conversion	-17.55x	4.86x	15.10x	-10.93x	12.71x	19.86x	4.54x	2.81x	8.01x	2.62x
Revenue Growth	-14.06%	-1.33%	10.81%	4.24%	5.57%	0.21%	13.8%	7.98%	7.48%	2.82%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
NorthAmericaSegment	-	-	-	-	-	-	1.41B	1.58B	1.6B	-
NorthAmericaSegment Growth	-	-	-	-	-	-	-	12.58%	1.07%	-
LatinAmericaSegment	-	-	-	-	-	-	1.13B	1.21B	1.33B	-
LatinAmericaSegment Growth	-	-	-	-	-	-	-	7.51%	10.05%	-
EuropeSegment	-	-	-	-	-	-	917.3M	931.4M	1.14B	-
EuropeSegment Growth	-	-	-	-	-	-	-	1.54%	22.05%	-
Core services	-	-	1.72B	1.72B	1.95B	1.91B	-	-	-	-
Core services Growth	-	-	-	0.06%	13.52%	-2.26%	-	-	-	-
High-value services	-	-	1.41B	1.58B	1.58B	1.61B	-	-	-	-
High-value services Growth	-	-	-	12.16%	0.20%	1.85%	-	-	-	-
Other security services	-	-	217.7M	187M	145.5M	168.1M	-	-	-	-
Other security services Growth	-	-	-	-14.10%	-22.19%	15.53%	-	-	-	-
United States	730.4M	752.6M	-	-	-	-	-	-	-	-
United States Growth	-	3.04%	-	-	-	-	-	-	-	-
Payment Services	85.9M	90.1M	-	-	-	-	-	-	-	-
Payment Services Growth	-	4.89%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
NorthAmericaSegment	-	-	1.25B	1.47B	1.78B	1.26B	1.41B	1.58B	1.6B	1.65B
NorthAmericaSegment Growth	-	-	-	16.91%	21.58%	-29.25%	11.55%	12.58%	1.07%	3.04%
LatinAmericaSegment	369.9M	355.1M	924.6M	926.9M	916.5M	1.07B	1.13B	1.21B	1.33B	1.31B
LatinAmericaSegment Growth	-	-4.00%	160.38%	0.25%	-1.12%	16.96%	5.05%	7.51%	10.05%	-1.60%
EuropeSegment	-	-	-	-	-	753.8M	917.3M	931.4M	1.14B	1.23B
EuropeSegment Growth	-	-	-	-	-	-	21.69%	1.54%	22.05%	7.97%
World	-	-	1.01B	1.04B	980.4M	603.8M	749.8M	809.4M	804.4M	823.8M
World Growth	-	-	-	2.98%	-6.12%	-38.41%	24.18%	7.95%	-0.62%	2.41%

Frequently Asked Questions

Valuation & Price

The Brink's Company (BCO) has a price-to-earnings (P/E) ratio of 34.4x. This suggests investors expect higher future growth.

Growth & Financials

The Brink's Company (BCO) reported $5.15B in revenue for fiscal year 2024. This represents a 32% increase from $3.89B in 2011.

The Brink's Company (BCO) grew revenue by 2.8% over the past year. Growth has been modest.

Yes, The Brink's Company (BCO) is profitable, generating $170.1M in net income for fiscal year 2024 (3.3% net margin).

Dividend & Returns

Yes, The Brink's Company (BCO) pays a dividend with a yield of 0.75%. This makes it attractive for income-focused investors.

The Brink's Company (BCO) has a return on equity (ROE) of 39.1%. This is excellent, indicating efficient use of shareholder capital.

The Brink's Company (BCO) generated $417.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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The Brink's Company (BCO) 10-Year Financial Performance & Capital Metrics

BCO • • Industrial / General

IndustrialsSecurity ServicesSpecialized Security ServicesCash Management & Transport

Revenue $5.01B +2.8%
EBITDA $746M +6.5%
Net Income $163M +85.7%
EPS (Diluted) 3.63 +94.1%
Gross Margin 25.32% +5.7%
EBITDA Margin 14.89% +3.5%
Operating Margin 9.04% +3.6%
Net Margin 3.25% +80.7%
ROE 39.13% +143.2%
ROIC 10.63% +9.1%
Debt/Equity 13.61 +82.6%
Interest Coverage 1.92 -7.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 32.2%
✓Strong 5Y profit CAGR of 41.2%
✓Strong Piotroski F-Score: 8/9
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 4.5% through buybacks
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 13.6x
✗Expensive at 17.9x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.47%

5Y6.35%

3Y6.07%

TTM3.07%

Profit (Net Income) CAGR

10Y-

5Y41.22%

3Y15.69%

TTM42.46%

EPS CAGR

10Y-

5Y44.81%

3Y20.01%

TTM48.68%

ROCE

10Y Avg9.28%

5Y Avg8.48%

3Y Avg8.98%

Latest9.66%

Peer Comparison

Cash Management & Transport

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCOThe Brink's Company	5.18B	124.80	34.38	2.82%	3.31%	42.9%	3.92%	13.61
GFAIGuardforce AI Co., Limited	13.09M	0.60	-1.13	0.18%	-32.94%	-69.69%		0.08

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.06B	3.02B	3.35B	3.49B	3.68B	3.69B	4.2B	4.54B	4.87B	5.01B
Revenue Growth %	-0.14%	-0.01%	0.11%	0.04%	0.06%	0%	0.14%	0.08%	0.07%	0.03%
Cost of Goods Sold+	2.47B	2.42B	2.61B	2.7B	2.83B	2.88B	3.24B	3.46B	3.71B	3.74B
COGS % of Revenue	0.81%	0.8%	0.78%	0.77%	0.77%	0.78%	0.77%	0.76%	0.76%	0.75%
Gross Profit+	589.8M	595.8M	738.8M	785.6M	851.1M	813.6M	964.4M	1.07B	1.17B	1.27B
Gross Margin %	0.19%	0.2%	0.22%	0.23%	0.23%	0.22%	0.23%	0.24%	0.24%	0.25%
Gross Profit Growth %	-0.04%	0.01%	0.24%	0.06%	0.08%	-0.04%	0.19%	0.11%	0.09%	0.09%
Operating Expenses+	460.1M	451.6M	463.3M	506.7M	614.3M	600.1M	609.7M	712.3M	742.3M	815.8M
OpEx % of Revenue	0.15%	0.15%	0.14%	0.15%	0.17%	0.16%	0.15%	0.16%	0.15%	0.16%
Selling, General & Admin	463.8M	431.5M	468.2M	509.2M	0	584.5M	629.7M	687M	684.4M	834.5M
SG&A % of Revenue	0.15%	0.14%	0.14%	0.15%	-	0.16%	0.15%	0.15%	0.14%	0.17%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-500K	-1.3M	-49.4M	0	614.3M	15.6M	-20M	25.3M	57.9M	-18.7M
Operating Income+	56.6M	144.2M	273.9M	274.7M	236.8M	213.5M	354.7M	361.3M	425.2M	453M
Operating Margin %	0.02%	0.05%	0.08%	0.08%	0.06%	0.06%	0.08%	0.08%	0.09%	0.09%
Operating Income Growth %	3.06%	1.55%	0.9%	0%	-0.14%	-0.1%	0.66%	0.02%	0.18%	0.07%
EBITDA+	196.5M	275.8M	420.5M	437M	421.6M	420.3M	594.2M	607.1M	701M	746.3M
EBITDA Margin %	0.06%	0.09%	0.13%	0.13%	0.11%	0.11%	0.14%	0.13%	0.14%	0.15%
EBITDA Growth %	0.46%	0.4%	0.52%	0.04%	-0.04%	-0%	0.41%	0.02%	0.15%	0.06%
D&A (Non-Cash Add-back)	139.9M	131.6M	146.6M	162.3M	184.8M	206.8M	239.5M	245.8M	275.8M	293.3M
EBIT	60M	145.4M	215.3M	109.2M	209M	180.7M	347.7M	365M	439.6M	501.7M
Net Interest Income+	-15.6M	-17.8M	-29.7M	-59.8M	-87.8M	-95.8M	-100.1M	-115.2M	-167.5M	-186.5M
Interest Income	3.3M	2.6M	4.1M	6.9M	5.6M	5.6M	12.1M	23.6M	36.3M	48.9M
Interest Expense	18.9M	20.4M	33.8M	66.7M	93.4M	101.4M	112.2M	138.8M	203.8M	235.4M
Other Income/Expense	-55.3M	-59.5M	-92.4M	-232.2M	-143.3M	-134.2M	-119.2M	-135.1M	-189.4M	-186.7M
Pretax Income+	41.1M	125M	181.5M	42.5M	93.5M	79.3M	235.5M	226.2M	235.8M	266.3M
Pretax Margin %	0.01%	0.04%	0.05%	0.01%	0.03%	0.02%	0.06%	0.05%	0.05%	0.05%
Income Tax+	66.5M	78.5M	157.7M	70M	61M	56.6M	120.3M	41.4M	139.2M	92.7M
Effective Tax Rate %	-0.29%	0.28%	0.09%	-0.78%	0.31%	0.2%	0.45%	0.75%	0.37%	0.61%
Net Income+	-11.9M	34.5M	16.7M	-33.3M	29M	16M	105.2M	170.6M	87.7M	162.9M
Net Margin %	-0%	0.01%	0%	-0.01%	0.01%	0%	0.03%	0.04%	0.02%	0.03%
Net Income Growth %	0.86%	3.9%	-0.52%	-2.99%	1.87%	-0.45%	5.58%	0.62%	-0.49%	0.86%
Net Income (Continuing)	-25.4M	46.5M	23.8M	-27.5M	32.5M	22.7M	115.2M	184.8M	96.6M	173.6M
Discontinued Operations	-2M	0	0	0	700K	-800K	2.1M	-2.9M	1.7M	1.1M
Minority Interest	12.7M	17.7M	20.8M	12.9M	15.8M	73.7M	129.6M	123.1M	122.8M	127.6M
EPS (Diluted)+	-0.24	0.68	0.32	-0.65	0.57	0.45	2.10	3.57	1.87	3.63
EPS Growth %	0.86%	3.83%	-0.53%	-3.03%	1.88%	-0.21%	3.67%	0.7%	-0.48%	0.94%
EPS (Basic)	-0.25	0.69	0.33	-0.65	0.58	0.45	2.13	3.61	1.90	3.68
Diluted Shares Outstanding	49.3M	50.6M	50.5M	50.9M	51.1M	50.8M	50.1M	47.8M	46.9M	44.8M
Basic Shares Outstanding	47.89M	50M	50.5M	50.9M	50.2M	50.4M	49.5M	47.3M	46.2M	44.3M
Dividend Payout Ratio	-	0.57%	1.66%	-	1.03%	1.88%	0.35%	0.22%	0.45%	0.26%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	777.7M	843.7M	1.26B	942.9M	1.23B	1.81B	2B	2.6B	2.79B	2.89B
Cash & Short-Term Investments	198.3M	183.5M	614.3M	343.4M	311M	620.9M	710.3M	972M	1.18B	1.4B
Cash Only	198.3M	183.5M	614.3M	343.4M	311M	620.9M	710.3M	972M	1.18B	1.4B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	497.8M	517.6M	653.5M	609.6M	661.3M	702.6M	720.2M	888.5M	796.3M	750.4M
Days Sales Outstanding	59.35	62.55	71.27	63.77	65.53	69.48	62.59	71.5	59.63	54.65
Inventory	13.3M	10.9M	4.8M	5.8M	0	0	0	0	0	24.3M
Days Inventory Outstanding	1.96	1.64	0.67	0.78	-	-	-	-	-	2.37
Other Current Assets	14.9M	71.4M	202.1M	247.7M	178.7M	364.9M	434.6M	567.4M	638.4M	553.5M
Total Non-Current Assets+	1.17B	1.15B	1.8B	2.29B	2.53B	3.32B	3.57B	3.77B	3.81B	3.74B
Property, Plant & Equipment	549M	531M	640.9M	699.4M	1.03B	1.16B	1.16B	1.25B	1.35B	1.34B
Fixed Asset Turnover	5.58x	5.69x	5.22x	4.99x	3.56x	3.18x	3.61x	3.63x	3.61x	3.75x
Goodwill	185.3M	186.2M	453.7M	678.6M	784.6M	1.22B	1.41B	1.45B	1.47B	1.43B
Intangible Assets	28.5M	19.1M	105.7M	228.9M	272.5M	426.1M	491.2M	535.5M	488.3M	422.3M
Long-Term Investments	8.4M	7.6M	8.1M	8.7M	17M	29.7M	36.1M	77.9M	42.1M	47.7M
Other Non-Current Assets	68M	79.3M	368.4M	441M	150M	170.7M	224.1M	208.3M	226.5M	253.5M
Total Assets+	1.95B	1.99B	3.06B	3.24B	3.76B	5.14B	5.57B	6.37B	6.6B	6.62B
Asset Turnover	1.57x	1.51x	1.09x	1.08x	0.98x	0.72x	0.75x	0.71x	0.74x	0.76x
Asset Growth %	-0.11%	0.02%	0.53%	0.06%	0.16%	0.36%	0.08%	0.14%	0.04%	0%
Total Current Liabilities+	641.8M	753.8M	663.1M	676.7M	1B	1.34B	1.43B	1.67B	1.94B	1.9B
Accounts Payable	155.3M	139.3M	174.6M	174.6M	184.5M	206M	211.2M	296.5M	249.7M	316.6M
Days Payables Outstanding	22.93	20.97	24.43	23.57	23.78	26.13	23.82	31.26	24.59	30.87
Short-Term Debt	72.4M	195.6M	97.1M	82.4M	88.8M	151.5M	125M	129.6M	268.8M	229.6M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	244.5M	244.2M	352.6M	396.2M	146M	255.1M	269.4M	286.3M	1.09B	318.1M
Current Ratio	1.21x	1.12x	1.90x	1.39x	1.23x	1.36x	1.40x	1.55x	1.43x	1.52x
Quick Ratio	1.19x	1.10x	1.89x	1.38x	1.23x	1.36x	1.40x	1.55x	1.43x	1.51x
Cash Conversion Cycle	38.38	43.22	47.5	40.98	-	-	-	-	-	26.15
Total Non-Current Liabilities+	974.3M	886.2M	2.06B	2.39B	2.55B	3.6B	3.89B	4.12B	4.14B	4.41B
Long-Term Debt	358.1M	247.6M	1.14B	1.47B	1.55B	2.33B	2.84B	3.27B	3.09B	3.61B
Capital Lease Obligations	0	0	74.3M	95.4M	218.4M	267.2M	241.8M	249.9M	442.1M	278.6M
Deferred Tax Liabilities	8.1M	7.6M	25.1M	16.7M	21.2M	42.7M	49.2M	67.8M	56.5M	62.8M
Other Non-Current Liabilities	608.1M	631M	647.5M	636.3M	759.8M	952.8M	752.4M	530.1M	552.7M	465.6M
Total Liabilities	1.62B	1.64B	2.72B	3.07B	3.56B	4.93B	5.31B	5.8B	6.08B	6.31B
Total Debt+	430.5M	443.2M	1.24B	1.55B	1.93B	2.83B	3.29B	3.73B	3.88B	4.25B
Net Debt	232.2M	259.7M	622.4M	1.21B	1.62B	2.21B	2.58B	2.76B	2.7B	2.86B
Debt / Equity	1.30x	1.25x	3.44x	8.66x	9.29x	13.98x	13.01x	6.54x	7.45x	13.61x
Debt / EBITDA	2.19x	1.61x	2.94x	3.56x	4.57x	6.73x	5.53x	6.14x	5.53x	5.70x
Net Debt / EBITDA	1.18x	0.94x	1.48x	2.77x	3.84x	5.26x	4.33x	4.54x	3.85x	3.83x
Interest Coverage	2.99x	7.07x	8.10x	4.12x	2.54x	2.11x	3.16x	2.60x	2.09x	1.92x
Total Equity+	330.6M	354.8M	359M	179.5M	207.6M	202.5M	252.6M	570.2M	520.2M	312.5M
Equity Growth %	-0.3%	0.07%	0.01%	-0.5%	0.16%	-0.02%	0.25%	1.26%	-0.09%	-0.4%
Book Value per Share	6.71	7.01	7.11	3.53	4.06	3.99	5.04	11.93	11.09	6.98
Total Shareholders' Equity	317.9M	337.1M	338.2M	166.6M	191.8M	128.8M	123M	447.1M	397.4M	184.9M
Common Stock	48.9M	50M	50.5M	49.7M	50.1M	49.5M	47.4M	46.3M	44.5M	42.9M
Retained Earnings	561.3M	576M	564.9M	429.1M	457.4M	407.5M	312.9M	417.2M	333M	285.4M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-891.9M	-907M	-926.6M	-953.3M	-979M	-1B	-907.9M	-700.5M	-656M	-804.1M
Minority Interest	12.7M	17.7M	20.8M	12.9M	15.8M	73.7M	129.6M	123.1M	122.8M	127.6M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	208.8M	167.5M	252.1M	364.1M	368.6M	317.7M	478M	479.9M	702.4M	426M
Operating CF Margin %	0.07%	0.06%	0.08%	0.1%	0.1%	0.09%	0.11%	0.11%	0.14%	0.08%
Operating CF Growth %	0.48%	-0.2%	0.51%	0.44%	0.01%	-0.14%	0.5%	0%	0.46%	-0.39%
Net Income	-28.2M	44.8M	23.6M	-27.5M	33.2M	21.9M	117.3M	181.9M	98.3M	174.7M
Depreciation & Amortization	139.9M	131.6M	146.6M	162.3M	185M	206.8M	239.5M	245.8M	275.8M	293.3M
Stock-Based Compensation	14.1M	9.5M	17.7M	28.2M	42.7M	31.3M	33.1M	48.6M	32.1M	36.5M
Deferred Taxes	7.1M	-2.9M	94.2M	-20.5M	-33.3M	-28.2M	14.6M	-62.3M	22.7M	-18M
Other Non-Cash Items	83M	58.8M	48.8M	153.1M	73.6M	43.8M	19.5M	246.8M	109M	-51.8M
Working Capital Changes	-7.1M	-74.3M	-78.8M	68.5M	67.4M	42.1M	54M	-180.9M	164.5M	-8.7M
Change in Receivables	-44.8M	-53.2M	-164.9M	-49.7M	15.8M	45.1M	-21.2M	-180.9M	69M	15.6M
Change in Inventory	0	0	0	0	-35M	0	-45.1M	-320.1M	0	0
Change in Payables	0	0	100.9M	69M	35M	0	45.1M	139.2M	0	0
Cash from Investing+	-103.7M	-108.9M	-394.9M	-672.7M	-333M	-565.4M	-454.7M	-331.2M	-179.8M	-216.2M
Capital Expenditures	-101.1M	-112.2M	-174.5M	-155.1M	-164.8M	-118.5M	-167.9M	-182.6M	-202.7M	-222.5M
CapEx % of Revenue	0.03%	0.04%	0.05%	0.04%	0.04%	0.03%	0.04%	0.04%	0.04%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	5.4M	4.7M	3M	3.1M	15M	-3.7M	6.9M	75.1M	19.8M	32.9M
Cash from Financing+	-49M	-25M	585.8M	93.4M	-38M	683.7M	171.3M	245.2M	-207.1M	42.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-19.5M	-19.8M	-27.7M	-30.4M	-29.9M	-30.1M	-37.2M	-37.6M	-39.6M	-41.8M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	10M	23.2M	-129.9M	-54.7M	-30.5M	-34.8M	-2.9M	-31.6M	-16.4M	-37.6M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	107.7M	55.3M	77.6M	209M	203.8M	199.2M	310.1M	297.3M	499.7M	203.5M
FCF Margin %	0.04%	0.02%	0.02%	0.06%	0.06%	0.05%	0.07%	0.07%	0.1%	0.04%
FCF Growth %	19.71%	-0.49%	0.4%	1.69%	-0.02%	-0.02%	0.56%	-0.04%	0.68%	-0.59%
FCF per Share	2.18	1.09	1.54	4.11	3.99	3.92	6.19	6.22	10.65	4.54
FCF Conversion (FCF/Net Income)	-17.55x	4.86x	15.10x	-10.93x	12.71x	19.86x	4.54x	2.81x	8.01x	2.62x
Interest Paid	18.6M	20.1M	27.1M	63.7M	84.2M	80.4M	107.7M	117.5M	195.8M	235.3M
Taxes Paid	45.4M	64.3M	83.8M	90.6M	23.9M	76.8M	83.8M	127.8M	96.3M	122.1M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-2.96%	10.07%	4.68%	-12.37%	14.98%	7.8%	46.23%	41.47%	16.09%	39.13%
Return on Invested Capital (ROIC)	6.4%	18.37%	25.74%	17.38%	11.05%	7.56%	10.15%	8.81%	9.74%	10.63%
Gross Margin	19.27%	19.72%	22.07%	22.52%	23.11%	22.04%	22.96%	23.67%	23.95%	25.32%
Net Margin	-0.39%	1.14%	0.5%	-0.95%	0.79%	0.43%	2.5%	3.76%	1.8%	3.25%
Debt / Equity	1.30x	1.25x	3.44x	8.66x	9.29x	13.98x	13.01x	6.54x	7.45x	13.61x
Interest Coverage	2.99x	7.07x	8.10x	4.12x	2.54x	2.11x	3.16x	2.60x	2.09x	1.92x
FCF Conversion	-17.55x	4.86x	15.10x	-10.93x	12.71x	19.86x	4.54x	2.81x	8.01x	2.62x
Revenue Growth	-14.06%	-1.33%	10.81%	4.24%	5.57%	0.21%	13.8%	7.98%	7.48%	2.82%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
NorthAmericaSegment	-	-	-	-	-	-	1.41B	1.58B	1.6B	-
NorthAmericaSegment Growth	-	-	-	-	-	-	-	12.58%	1.07%	-
LatinAmericaSegment	-	-	-	-	-	-	1.13B	1.21B	1.33B	-
LatinAmericaSegment Growth	-	-	-	-	-	-	-	7.51%	10.05%	-
EuropeSegment	-	-	-	-	-	-	917.3M	931.4M	1.14B	-
EuropeSegment Growth	-	-	-	-	-	-	-	1.54%	22.05%	-
Core services	-	-	1.72B	1.72B	1.95B	1.91B	-	-	-	-
Core services Growth	-	-	-	0.06%	13.52%	-2.26%	-	-	-	-
High-value services	-	-	1.41B	1.58B	1.58B	1.61B	-	-	-	-
High-value services Growth	-	-	-	12.16%	0.20%	1.85%	-	-	-	-
Other security services	-	-	217.7M	187M	145.5M	168.1M	-	-	-	-
Other security services Growth	-	-	-	-14.10%	-22.19%	15.53%	-	-	-	-
United States	730.4M	752.6M	-	-	-	-	-	-	-	-
United States Growth	-	3.04%	-	-	-	-	-	-	-	-
Payment Services	85.9M	90.1M	-	-	-	-	-	-	-	-
Payment Services Growth	-	4.89%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
NorthAmericaSegment	-	-	1.25B	1.47B	1.78B	1.26B	1.41B	1.58B	1.6B	1.65B
NorthAmericaSegment Growth	-	-	-	16.91%	21.58%	-29.25%	11.55%	12.58%	1.07%	3.04%
LatinAmericaSegment	369.9M	355.1M	924.6M	926.9M	916.5M	1.07B	1.13B	1.21B	1.33B	1.31B
LatinAmericaSegment Growth	-	-4.00%	160.38%	0.25%	-1.12%	16.96%	5.05%	7.51%	10.05%	-1.60%
EuropeSegment	-	-	-	-	-	753.8M	917.3M	931.4M	1.14B	1.23B
EuropeSegment Growth	-	-	-	-	-	-	21.69%	1.54%	22.05%	7.97%
World	-	-	1.01B	1.04B	980.4M	603.8M	749.8M	809.4M	804.4M	823.8M
World Growth	-	-	-	2.98%	-6.12%	-38.41%	24.18%	7.95%	-0.62%	2.41%

Frequently Asked Questions

Valuation & Price

The Brink's Company (BCO) has a price-to-earnings (P/E) ratio of 34.4x. This suggests investors expect higher future growth.

Growth & Financials

The Brink's Company (BCO) reported $5.15B in revenue for fiscal year 2024. This represents a 32% increase from $3.89B in 2011.

The Brink's Company (BCO) grew revenue by 2.8% over the past year. Growth has been modest.

Yes, The Brink's Company (BCO) is profitable, generating $170.1M in net income for fiscal year 2024 (3.3% net margin).

Dividend & Returns

Yes, The Brink's Company (BCO) pays a dividend with a yield of 0.75%. This makes it attractive for income-focused investors.

The Brink's Company (BCO) has a return on equity (ROE) of 39.1%. This is excellent, indicating efficient use of shareholder capital.

The Brink's Company (BCO) generated $417.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.