Brady Corporation (BRC) Income Statement

30Y historyFree accessUpdated daily

Revenue growth momentum has accelerated to 13.8% in 2026Q3, though operating margins remain pressured at 16.8% compared to the 19.3% peak observed in 2024Q4.

Annual statement

BRC Income Statement

Brady Corporation (BRC) annual income statement — 30-year revenue, gross profit & net income history

Annual Quarterly

Metric	Jul'26	Jul'25	Jul'24	Jul'23	Jul'22	Jul'21	Jul'20	Jul'19	Jul'18	Jul'17	Jul'16	Jul'15	Jul'14	Jul'13	Jul'12	Jul'11	Jul'10	Jul'09	Jul'08	Jul'07	Jul'06	Jul'05	Jul'04	Jul'03	Jul'02	Jul'01	Jul'00	Jul'99	Jul'98	Jul'97

Sales/Revenue	1.66B	1.51B	1.34B	1.33B	1.3B	1.14B	1.08B	1.16B	1.17B	1.11B	1.12B	1.17B	1.23B	1.15B	1.32B	1.34B	1.26B	1.21B	1.52B	1.36B	1.02B	816.45M	671.22M	554.87M	516.96M	545.94M	541.08M	470.9M	455.2M	426.1M
Revenue Growth %	9.78%	12.84%	0.72%	2.29%	13.75%	5.86%	-6.84%	-1.13%	5.44%	-0.65%	-4.36%	-4.35%	6.33%	-13%	-1.14%	6.39%	4.17%	-20.64%	11.77%	33.8%	24.74%	21.64%	20.97%	7.33%	-5.31%	0.9%	14.9%	3.45%	6.83%	18.53%
Cost of Goods Sold	801.74M	752.78M	653.51M	674.59M	670.51M	583.25M	553.35M	581.97M	585.56M	555.02M	561.85M	613.3M	615.47M	546.03M	687.96M	683.4M	635.8M	631.12M	778.82M	705.59M	492.68M	383.17M	324.89M	274.59M	256.19M	257.31M	211.77M	187M	191.6M	179.9M
COGS % of Revenue	48.25%	49.73%	48.72%	50.65%	51.5%	50.95%	51.17%	50.14%	49.88%	49.85%	50.14%	52.34%	50.24%	47.39%	51.95%	51.02%	50.5%	52.21%	51.14%	51.78%	48.38%	46.93%	48.4%	49.49%	49.56%	47.13%	39.14%	39.71%	42.09%	42.22%
Gross Profit	859.83M	760.82M	687.88M	657.27M	631.55M	561.45M	527.95M	578.68M	588.29M	558.29M	558.77M	558.43M	609.56M	606.08M	636.31M	656.2M	623.3M	577.58M	744.2M	657.04M	525.75M	433.28M	346.33M	280.27M	260.78M	288.63M	329.3M	283.9M	263.6M	246.2M
Gross Margin %	51.75%	50.27%	51.28%	49.35%	48.5%	49.05%	48.83%	49.86%	50.12%	50.15%	49.86%	47.66%	49.76%	52.61%	48.05%	48.98%	49.5%	47.79%	48.86%	48.22%	51.62%	53.07%	51.6%	50.51%	50.44%	52.87%	60.86%	60.29%	57.91%	57.78%
Gross Profit Growth %	13.01%	10.6%	4.66%	4.07%	12.49%	6.34%	-8.77%	-1.63%	5.37%	-0.09%	0.06%	-8.39%	0.57%	-4.75%	-3.03%	5.28%	7.91%	-22.39%	13.26%	24.97%	21.34%	25.1%	23.57%	7.48%	-9.65%	-12.35%	15.99%	7.7%	7.07%	20.86%
Operating Expenses	596.34M	524.18M	444.47M	432.06M	438.54M	394.32M	376.72M	416.25M	435.6M	427.28M	440.89M	459.44M	487.21M	461.21M	468.75M	484.82M	478.53M	431.36M	536.51M	485.06M	369.24M	310.82M	271.03M	238.53M	219.27M	244.11M	260.01M	220.7M	212.2M	195.8M
OpEx % of Revenue	35.89%	34.63%	33.13%	32.44%	33.68%	34.45%	34.84%	35.86%	37.11%	38.38%	39.34%	39.21%	39.77%	40.03%	35.4%	36.19%	38.01%	35.69%	35.23%	35.6%	36.26%	38.07%	40.38%	42.99%	42.42%	44.71%	48.05%	46.87%	46.62%	45.95%
Selling, General & Admin	502.31M	444.3M	376.72M	370.7M	379.99M	349.77M	336.06M	371.08M	390.34M	387.65M	405.1M	422.7M	452.16M	427.66M	430.31M	441.81M	435.91M	397.18M	495.9M	449.1M	338.8M	285.75M	248M	219.66M	199.28M	214.22M	220.67M	187.8M	178.6M	165.3M
SG&A % of Revenue	30.23%	29.35%	28.08%	27.83%	29.18%	30.56%	31.08%	31.97%	33.25%	34.82%	36.15%	36.08%	36.91%	37.12%	32.49%	32.98%	34.62%	32.86%	32.56%	32.96%	33.27%	35%	36.95%	39.59%	38.55%	39.24%	40.78%	39.88%	39.24%	38.79%
Research & Development	94.03M	79.89M	67.75M	61.37M	58.55M	44.55M	40.66M	45.17M	45.25M	39.62M	35.8M	36.73M	35.05M	33.55M	38.44M	43M	42.62M	34.18M	40.61M	35.95M	30.44M	25.08M	23.03M	18.87M	17.27M	20.33M	21.51M	17.7M	20.3M	16.3M
R&D % of Revenue	5.66%	5.28%	5.05%	4.61%	4.5%	3.89%	3.76%	3.89%	3.86%	3.56%	3.19%	3.14%	2.86%	2.91%	2.9%	3.21%	3.38%	2.83%	2.67%	2.64%	2.99%	3.07%	3.43%	3.4%	3.34%	3.72%	3.97%	3.76%	4.46%	3.83%
Other Operating Expenses	0	0	0	0	0	803K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2.72M	9.56M	17.83M	15.2M	13.3M	14.2M
Operating Income	263.49M	236.64M	243.41M	225.21M	193.01M	167.13M	151.23M	162.43M	152.7M	131.01M	117.88M	35.31M	-41.21M	-85.63M	39.76M	162.19M	129.46M	120.37M	207.68M	171.99M	156.52M	122.45M	72.12M	32.15M	41.5M	44.52M	69.29M	63.2M	51.4M	50.4M
Operating Margin %	15.86%	15.63%	18.15%	16.91%	14.82%	14.6%	13.99%	13.99%	13.01%	11.77%	10.52%	3.01%	-3.36%	-7.43%	3%	12.11%	10.28%	9.96%	13.64%	12.62%	15.37%	15%	10.74%	5.79%	8.03%	8.15%	12.81%	13.42%	11.29%	11.83%
Operating Income Growth %	11.35%	-2.78%	8.08%	16.68%	15.49%	10.51%	-6.89%	6.37%	16.55%	11.14%	233.88%	185.67%	51.87%	-315.37%	-75.49%	25.29%	7.55%	-42.04%	20.76%	9.88%	27.82%	69.78%	124.34%	-22.54%	-6.78%	-35.75%	9.64%	22.96%	1.98%	22.33%
EBITDA	308.36M	277.28M	273.29M	257.58M	227.19M	192.61M	174.67M	186.23M	178.14M	158.32M	150.31M	74.76M	3.39M	-36.9M	83.75M	211.02M	182.48M	175.22M	268.27M	225.84M	191.66M	149.27M	92.31M	50.21M	58.13M	67.17M	87.12M	78.4M	64.7M	64.6M
EBITDA Margin %	18.56%	18.32%	20.37%	19.34%	17.45%	16.83%	16.15%	16.05%	15.18%	14.22%	13.41%	6.38%	0.28%	-3.2%	6.32%	15.75%	14.49%	14.5%	17.61%	16.57%	18.82%	18.28%	13.75%	9.05%	11.25%	12.3%	16.1%	16.65%	14.21%	15.16%
EBITDA Growth %	11.21%	1.46%	6.1%	13.38%	17.96%	10.27%	-6.21%	4.54%	12.52%	5.33%	101.05%	2107.38%	109.18%	-144.06%	-60.31%	15.64%	4.14%	-34.68%	18.79%	17.84%	28.39%	61.71%	83.86%	-13.63%	-13.45%	-22.91%	11.13%	21.17%	0.15%	24.71%
D&A (Non-Cash Add-back)	44.87M	40.64M	29.87M	32.37M	34.18M	25.48M	23.44M	23.8M	25.44M	27.3M	32.43M	39.46M	44.6M	48.73M	43.99M	48.83M	53.02M	54.85M	60.59M	53.86M	35.14M	26.82M	20.19M	18.06M	16.63M	22.65M	17.83M	15.2M	13.3M	14.2M
EBIT	269.11M	241.84M	250.97M	229.24M	193.26M	171.46M	143.1M	167.47M	155.18M	132.14M	117.17M	36.15M	-38.81M	-79.03M	159.75M	149.75M	130.62M	122.17M	207.68M	171.99M	156.52M	122.45M	74.16M	42.41M	41.5M	44.52M	69.29M	63.77M	51.4M	50.4M
Net Interest Income	-5.48M	-4.75M	-3.13M	-3.54M	-1.28M	-437K	-2.17M	-2.83M	-3.17M	-5.5M	-7.82M	-11.16M	-14.3M	-16.64M	-19.09M	-22.12M	-21.22M	-24.9M	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	1.68M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	7.16M	4.75M	3.13M	3.54M	1.28M	437K	2.17M	2.83M	3.17M	5.5M	7.82M	11.16M	14.3M	16.64M	19.09M	22.12M	21.22M	24.9M	0	0	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	-4.07M	459K	4.43M	483K	-1.03M	-2.06M	-10.54M	2.22M	-681K	-4.38M	-8.53M	-10.31M	-175.46M	-243.61M	-134.91M	-41.14M	-35.45M	-23.1M	-21.5M	-20.06M	-11.83M	-7.03M	-4.98M	-371K	1.63M	268K	6.84M	1.58M	-5.3M	900K
Pretax Income	259.42M	237.1M	247.84M	225.7M	191.98M	165.07M	140.69M	164.64M	152.01M	126.63M	109.34M	25M	-53.11M	-98.75M	22.75M	144.06M	109.4M	97.27M	186.19M	151.93M	144.69M	115.42M	70.33M	32.45M	43.13M	44.79M	76.13M	64.8M	46.1M	51.3M
Pretax Margin %	15.61%	15.66%	18.48%	16.95%	14.74%	14.42%	13.01%	14.19%	12.95%	11.37%	9.76%	2.13%	-4.34%	-8.57%	1.72%	10.75%	8.69%	8.05%	12.22%	11.15%	14.21%	14.14%	10.48%	5.85%	8.34%	8.2%	14.07%	13.76%	10.13%	12.04%
Income Tax	54.04M	47.84M	50.63M	50.84M	42M	35.41M	28.32M	33.39M	60.95M	30.99M	29.23M	20.09M	-4.96M	42.07M	40.66M	35.41M	27.45M	27.15M	54M	42.54M	40.51M	33.47M	19.46M	11.04M	14.88M	17.24M	28.93M	25.2M	18.1M	19.6M
Effective Tax Rate %	20.83%	20.18%	20.43%	22.53%	21.88%	21.45%	20.13%	20.28%	40.1%	24.47%	26.74%	80.39%	9.34%	-42.6%	178.73%	24.58%	25.09%	27.91%	29%	28%	28%	29%	27.67%	34%	34.5%	38.5%	38%	38.89%	39.26%	38.21%
Net Income	205.38M	189.26M	197.22M	174.86M	149.98M	129.66M	112.37M	131.26M	91.06M	95.64M	80.11M	2.99M	-45.97M	-154.53M	-17.91M	108.65M	81.96M	70.12M	132.19M	109.39M	104.17M	81.95M	50.87M	21.42M	28.25M	27.55M	47.2M	39.6M	28M	31.7M
Net Margin %	12.36%	12.5%	14.7%	13.13%	11.52%	11.33%	10.39%	11.31%	7.76%	8.59%	7.15%	0.25%	-3.75%	-13.41%	-1.35%	8.11%	6.51%	5.8%	8.68%	8.03%	10.23%	10.04%	7.58%	3.86%	5.47%	5.05%	8.72%	8.41%	6.15%	7.44%
Net Income Growth %	8.52%	-4.04%	12.79%	16.59%	15.67%	15.39%	-14.39%	44.14%	-4.79%	19.39%	2581.96%	106.5%	70.25%	-762.79%	-116.48%	32.57%	16.88%	-46.95%	20.84%	5%	27.12%	61.09%	137.49%	-24.19%	2.57%	-41.64%	19.19%	41.43%	-11.67%	13.21%
Net Income (Continuing)	205.38M	189.26M	197.22M	174.86M	149.98M	129.66M	112.37M	131.26M	91.06M	95.64M	80.11M	4.9M	-48.15M	-140.82M	-17.91M	108.65M	81.96M	70.12M	132.19M	109.39M	104.17M	81.95M	50.87M	21.42M	28.25M	27.55M	47.2M	39.58M	28M	31.7M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	2.18M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	4.29	3.92	4.05	3.51	2.90	2.47	2.11	2.46	1.73	1.84	1.58	0.06	-0.89	-3.01	-0.34	2.04	1.55	1.32	2.41	2.00	2.07	1.64	1.07	0.46	0.60	0.59	1.02	0.87	0.62	0.72
EPS Growth %	9.44%	-3.21%	15.38%	21.03%	17.41%	17.06%	-14.23%	42.2%	-5.98%	16.46%	2533.33%	106.74%	70.43%	-785.29%	-116.67%	31.61%	17.42%	-45.23%	20.5%	-3.38%	26.22%	53.27%	132.61%	-23.33%	1.69%	-42.16%	17.24%	40.32%	-13.89%	12.5%
EPS (Basic)	4.33	3.96	4.08	3.53	2.92	2.49	2.13	2.50	1.76	1.87	1.59	0.06	-0.89	-3.01	-0.34	2.06	1.56	1.33	2.45	2.03	2.10	1.67	1.08	0.46	0.61	0.60	1.03	0.87	0.62	0.72
Diluted Shares Outstanding	47.75M	48.09M	48.5M	49.87M	51.65M	52.41M	53.23M	53.32M	52.52M	51.96M	50.77M	51.36M	51.87M	51.33M	52.45M	53.13M	52.95M	52.87M	54.87M	54.74M	50.38M	49.86M	47.81M	46.75M	46.66M	46.25M	45.8M	45.42M	45.04M	43.61M
Basic Shares Outstanding	47.28M	47.64M	48.12M	49.59M	51.32M	52.04M	52.76M	52.6M	51.68M	51.06M	50.54M	51.28M	51.87M	51.33M	52.45M	52.64M	52.4M	52.56M	54.17M	53.91M	49.49M	48.97M	47.3M	46.36M	45.89M	45.48M	45.35M	45.15M	44.68M	43.61M
Dividend Payout Ratio	22.47%	24.06%	22.85%	25.97%	30.63%	35.28%	40.72%	34.08%	47.08%	43.79%	50.94%	1371.81%	-	-	-	35.03%	44.89%	51.11%	24.56%	27.55%	25.02%	25.98%	38.93%	83.73%	61.44%	58.92%	32.33%	36.11%	47.86%	36.59%

Key Metrics

Growth RegimeAccelerating

ProfitabilityStrong

Balance SheetFortress

Cash FlowRobust

Top Statement Risk

Industrial cycle demand sensitivity

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q3)

Revenue Growth Momentum Accelerates Sharply

According to the most recent quarterly data, Brady Corporation achieved a 13.8% year-over-year revenue expansion in 2026Q3, marking a significant departure from the stagnant growth observed in early 2024 and suggesting that recent pricing initiatives or industrial automation demand are successfully driving top-line performance.

The acceleration to $435.2 million in revenue indicates that the company is successfully capturing value in its core identification solutions segment. Investors should monitor whether this growth is sustainable or if it reflects a temporary surge in industrial capital expenditure that may normalize in subsequent quarters.

Structural Gross Margin Resilience Maintained

As reported in financial statements, Brady Corporation has consistently maintained gross margins above 50%, with the 2026Q3 figure of 51.8% demonstrating the company's ability to preserve pricing power despite potential inflationary pressures on raw material inputs like specialized polymers and adhesives.

This margin profile suggests that the company's proprietary material science moat remains intact, allowing it to pass through costs to customers who prioritize regulatory compliance. The stability of these margins indicates that the 'razor-and-blade' model is effectively insulating the firm from broader industrial commoditization risks.

Operating Leverage Remains Under Pressure

Based on the provided income statement data, operating income scaled to $73.2 million in 2026Q3, yet the operating margin of 16.8% remains below the 19.3% peak observed in 2024Q4, suggesting that rising SG&A expenses are currently offsetting the gains from higher gross profit levels.

The increase in SG&A suggests that the company is investing heavily in its global sales force or digital transformation initiatives. While these investments may be necessary for long-term relevance, they currently limit the degree of operating leverage that shareholders might otherwise expect from a high-margin industrial business.

Earnings Quality Impacted by SBC

Analysis of the quarterly filings reveals that stock-based compensation has fluctuated significantly, reaching $6.7 million in 2026Q1 before dropping to zero in 2026Q3, which introduces volatility into the reported net income and complicates the assessment of underlying operational profitability for the period.

The absence of stock-based compensation in the most recent quarter may artificially inflate net income figures compared to prior periods. Investors should exercise caution when evaluating EPS growth trends, as the inconsistent application of these non-cash expenses may obscure the true trajectory of core earnings power.

Cyclical Vulnerability and Valuation Risks

While the company exhibits defensive characteristics, the historical data shows that revenue growth can turn negative during industrial downturns, as evidenced by the -1.1% growth in 2024Q2, which warrants skepticism regarding the company's ability to maintain its current growth trajectory if the broader economy weakens.

Short-term performance appears heavily tied to the U.S. Industrial Production Index, and any deceleration in factory utilization could lead to rapid margin compression. The market may be overestimating the 'recurring' nature of the business, potentially ignoring the transactional risks inherent in its distribution-heavy Workplace Safety segment.

BRC — Frequently Asked Questions

Quick answers to the most common questions about buying BRC stock.

What was Brady Corporation's (BRC) revenue in 2026?

For fiscal year 2026, Brady Corporation (BRC) reported total revenue of $1.66B. This represents a 289.9% increase compared to $426.1M in 1997.

Is Brady Corporation (BRC) profitable?

Brady Corporation (BRC) is profitable, generating $205.4M in net income for the fiscal year ending 2026 with a net profit margin of 12.4%.

What is Brady Corporation's operating profit margin?

Brady Corporation (BRC) reported an operating income of $263.5M, resulting in an operating profit margin of 15.9%. This margin reflects the operational efficiency of the business before interest and taxes.

What is Brady Corporation's gross profit and gross margin?

Brady Corporation (BRC) generated $859.8M in gross profit for the year, representing a gross profit margin of 51.7%. This demonstrates the company's core pricing power and production efficiency.