Latest Ratios: P/E Ratio 17.0x · EV/EBITDA 16.9x · ROE 40.9%. (2005–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $18.9B | $16.0B | $28.8B | $23.5B | $19.7B | $16.9B | $19.0B | $14.8B | $15.2B | $13.9B | $9.1B |
| Enterprise Value | $22.0B | $19.2B | $31.6B | $26.7B | $23.1B | $20.7B | $22.9B | $16.4B | $16.4B | $14.6B | $10.0B |
| P/E Ratio → | 17.03 | 14.27 | 34.23 | 33.62 | 31.25 | 31.33 | 34.74 | 31.95 | 31.45 | 32.42 | 27.88 |
| P/S Ratio | 2.53 | 2.14 | 4.17 | 3.61 | 3.25 | 2.96 | 3.81 | 3.26 | 3.48 | 3.20 | 2.20 |
| P/B Ratio | 6.74 | 5.65 | 10.83 | 10.82 | 8.80 | 8.80 | 10.52 | 10.96 | 13.45 | 12.66 | 9.09 |
| P/FCF | 14.79 | 12.54 | 27.22 | 24.88 | 26.35 | 45.61 | 35.28 | 29.56 | 27.86 | 24.94 | 29.24 |
| P/OCF | 14.05 | 11.92 | 24.55 | 22.21 | 23.94 | 38.09 | 29.73 | 24.68 | 24.58 | 19.98 | 17.69 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.56 | 4.59 | 4.11 | 3.81 | 3.63 | 4.59 | 3.62 | 3.75 | 3.38 | 2.40 |
| EV / EBITDA | 16.93 | 14.72 | 18.76 | 17.88 | 16.98 | 16.94 | 22.64 | 17.74 | 17.93 | 18.08 | 14.13 |
| EV / EBIT | 16.93 | 14.73 | 26.49 | 26.02 | 24.62 | 27.28 | 33.81 | 26.24 | 25.07 | 24.28 | 18.69 |
| EV / FCF | — | 14.98 | 29.96 | 28.35 | 30.89 | 55.98 | 42.54 | 32.83 | 30.06 | 26.36 | 31.90 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.8% | 31.8% | 31.0% | 29.7% | 29.5% | 27.9% | 28.5% | 27.9% | 28.2% | 26.8% | 24.9% |
| Operating Margin | 17.4% | 17.4% | 17.3% | 15.6% | 15.4% | 13.3% | 13.6% | 13.8% | 15.0% | 13.8% | 12.8% |
| Net Profit Margin | 15.0% | 15.0% | 12.2% | 10.7% | 10.4% | 9.4% | 11.0% | 10.2% | 11.1% | 9.9% | 7.9% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 40.9% | 40.9% | 34.8% | 31.7% | 30.3% | 28.9% | 34.7% | 37.4% | 43.4% | 40.8% | 31.9% |
| ROA | 12.9% | 12.9% | 10.0% | 8.5% | 7.7% | 6.6% | 8.4% | 10.5% | 13.4% | 13.3% | 10.8% |
| ROIC | 17.0% | 17.0% | 16.2% | 13.8% | 12.3% | 9.9% | 11.7% | 17.7% | 23.3% | 24.1% | 25.2% |
| ROCE | 18.3% | 18.3% | 17.6% | 16.1% | 14.8% | 11.1% | 13.1% | 18.9% | 23.3% | 24.3% | 23.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.24 | 1.24 | 1.30 | 1.65 | 1.63 | 2.12 | 2.32 | 1.57 | 1.30 | 0.96 | 1.10 |
| Debt / EBITDA | 2.70 | 2.70 | 2.05 | 2.39 | 2.68 | 3.32 | 4.14 | 2.28 | 1.61 | 1.30 | 1.56 |
| Net Debt / Equity | — | 1.10 | 1.09 | 1.51 | 1.52 | 2.00 | 2.16 | 1.21 | 1.06 | 0.72 | 0.83 |
| Net Debt / EBITDA | 2.39 | 2.39 | 1.72 | 2.19 | 2.50 | 3.14 | 3.86 | 1.77 | 1.31 | 0.97 | 1.18 |
| Debt / FCF | — | 2.44 | 2.74 | 3.47 | 4.55 | 10.37 | 7.26 | 3.27 | 2.20 | 1.42 | 2.66 |
| Interest Coverage | 13.02 | 13.02 | 8.80 | 6.84 | 6.53 | 8.66 | 11.80 | 10.00 | 14.22 | 14.23 | 11.92 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.24 | 1.24 | 0.98 | 1.08 | 0.58 | 1.01 | 0.98 | 0.99 | 1.30 | 1.28 | 1.33 |
| Quick Ratio | 1.21 | 1.21 | 0.98 | 1.06 | 0.57 | 1.01 | 0.98 | 0.97 | 1.27 | 1.25 | 1.31 |
| Cash Ratio | 0.28 | 0.28 | 0.30 | 0.21 | 0.11 | 0.17 | 0.21 | 0.36 | 0.34 | 0.34 | 0.36 |
| Asset Turnover | — | 0.84 | 0.81 | 0.79 | 0.74 | 0.70 | 0.62 | 0.93 | 1.12 | 1.31 | 1.32 |
| Inventory Turnover | 145.32 | 145.32 | — | 149.93 | 125.38 | — | — | 151.87 | 148.43 | 171.33 | 180.79 |
| Days Sales Outstanding | — | 55.13 | 57.07 | 59.77 | 58.66 | 60.54 | 59.96 | 57.32 | 55.56 | 51.84 | 51.94 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.3% | 2.8% | 1.4% | 1.6% | 1.7% | 1.7% | 1.4% | 1.6% | 1.4% | 1.2% | 1.7% |
| Payout Ratio | 39.4% | 39.4% | 47.9% | 52.7% | 52.5% | 53.9% | 47.8% | 52.1% | 43.8% | 38.7% | 46.6% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.9% | 7.0% | 2.9% | 3.0% | 3.2% | 3.2% | 2.9% | 3.1% | 3.2% | 3.1% | 3.6% |
| FCF Yield | 6.8% | 8.0% | 3.7% | 4.0% | 3.8% | 2.2% | 2.8% | 3.4% | 3.6% | 4.0% | 3.4% |
| Buyback Yield | 3.2% | 3.8% | 0.5% | 2.1% | 0.1% | 0.1% | 0.1% | 0.5% | 2.6% | 2.0% | 3.8% |
| Total Shareholder Yield | 5.5% | 6.5% | 1.9% | 3.6% | 1.8% | 1.9% | 1.5% | 2.1% | 4.0% | 3.2% | 5.4% |
| Shares Outstanding | — | $117M | $118M | $119M | $119M | $119M | $118M | $117M | $119M | $120M | $121M |
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying BR stock.
Broadridge Financial Solutions, Inc.'s current P/E ratio is 17.0x. The historical average is 24.0x. This places it at the 30th percentile of its historical range.
Broadridge Financial Solutions, Inc.'s current EV/EBITDA is 16.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.2x.
Broadridge Financial Solutions, Inc.'s return on equity (ROE) is 40.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 29.0%.
Based on historical data, Broadridge Financial Solutions, Inc. is trading at a P/E of 17.0x. This is at the 30th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Broadridge Financial Solutions, Inc.'s current dividend yield is 2.32% with a payout ratio of 39.4%.
Broadridge Financial Solutions, Inc. has 31.8% gross margin and 17.4% operating margin. Operating margin between 10-20% is typical for established companies.
Broadridge Financial Solutions, Inc.'s Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Customer concentration and integration risks
Metrics are mathematically derived from official filings.
Digital Shift Expands Operating Leverage
Gross margin expanded from 31.2% in 2024Q3 to 38.4% in 2026Q4, while operating margin hit 24.6%, the highest in the reported period, per company filings.
The margin expansion appears driven by a favorable mix shift toward higher-margin digital services and away from low-margin pass-through distribution costs. Operating income grew 58% year-over-year in 2026Q4, far outpacing revenue growth of 7.6%, indicating strong operating leverage. However, the 2026Q2 net margin of 16.6% versus an operating margin of 12.2% suggests non-operating income boosted earnings, so investors should monitor the sustainability of core operating profitability.
ROIC Cyclicality Masks Underlying Compounding
ROIC swung from 1.8% in 2025Q1 to 6.9% in 2026Q4, with the latest quarter showing a 6.9% return, per quarterly data.
The wide quarterly swings in ROIC reflect the seasonal proxy business, with Q4 (calendar Q2) consistently showing the highest returns. Over the trailing year, ROIC averaged around 4.1%, which appears modest for a company with such high recurring revenue and low capital intensity. The improvement in 2026Q4 suggests that the digital shift is enhancing capital efficiency, but the absolute level remains below peers like Fiserv (8.1%) and WEX (9.6%), indicating room for further improvement.
Working Capital Swings Reflect Proxy Seasonality
DSO improved from 63 days in 2025Q1 to 50 days in 2026Q4, while CCC stood at 40 days, per the latest quarterly data.
The improvement in DSO suggests better receivables collection, likely aided by the shift to digital delivery. However, the cash conversion cycle remains positive, indicating that Broadridge is not yet funding operations with supplier credit. The seasonal swings in working capital, with a -$509.6M drag in 2026Q4, highlight the lumpy nature of the proxy season, but the overall trend in DSO is favorable. Investors should monitor whether the digital adoption rate continues to compress the CCC further.
Deleveraging Trend Improves Debt Service
Debt/EBITDA fell from 14.76 in 2025Q1 to 6.44 in 2026Q4, while interest coverage rose to 20.22, per the latest quarterly data.
The dramatic improvement in leverage metrics appears driven by both debt reduction and EBITDA growth, with total debt declining from $3.7B to $3.5B over ten quarters. Interest coverage of 20.22 in 2026Q4 indicates that debt service is highly comfortable, though the absolute debt level of $3.5B remains significant. The reported D/E of 1.24 in 2026Q4 is down from 1.74 a year ago, suggesting a strategic deleveraging, but the company's history of using leverage for M&A implies this could reverse if new acquisitions are pursued.
Seasonal Liquidity Tightness Warrants Monitoring
Current ratio improved to 1.24 in 2026Q4 from 0.94 in 2026Q3, but cash reserves of $402.9M remain modest relative to total debt, per the latest balance sheet.
The current ratio above 1.0 indicates adequate short-term liquidity, but the seasonal dip to 0.94 in 2026Q3 highlights the strain during the proxy season's off-peak period. With cash of only $402.9M against $3.5B in debt, the company relies on operating cash flow and credit facilities for flexibility. Given the robust FCF margin of 30.6% in 2026Q4, liquidity appears sufficient, but investors should monitor the seasonal troughs.
P/E Misleads on Recurring Revenue Utility
The trailing P/E of 17.78 understates the company's earnings power when adjusted for pass-through distribution revenue and non-recurring gains, per current valuation multiples.
The most commonly misapplied ratio for Broadridge is the P/E, because reported earnings include low-margin pass-through distribution revenue and are subject to non-recurring items, as evidenced by the 2026Q2 net margin exceeding operating margin. A more appropriate metric is EV/EBITDA, which at 17.58 appears elevated but reflects the company's utility-like recurring revenue and high switching costs. Investors should also adjust for amortization of acquired intangibles and software capitalization to assess true cash earnings, as the P/FCF of 15.45 suggests a more reasonable valuation.