olivLaw · US equity research
Brunswick Corporation BC
Engines & Turbines · SIC 3510 · Vertical: Engines & Turbines (SIC 3510)
At the close of 04 Nov 2026, Brunswick Corporation (BC) stock was 81.30 USD (+4.11% on the day), with market capitalisation 5.3 bn USD, dividend yield 2.13%, beta 1.41, 52-week range 59.34–89.22 USD. Latest reported quarter (Q2 2026): revenue of 1.6 bn USD (+7.7% YoY), net income of 109.8 m USD (+85.2% YoY), diluted EPS 1.68 USD.
Data as of · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 75.6
- overbought (≥ 70)
- Bollinger (20, 2)
- 55.95 – 80.09
- above the upper band · %B 1.05 · band width 35.5%
- SMA 50 / 200
- 68.82 / 77.23
- mixed trend
- MACD (12, 26, 9)
- 2.89 / 0.94
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +25.4% | −2.0% | +27.4 pp | — |
| 3 months | −2.7% | −2.2% | −0.6 pp | — |
| 6 months | −0.2% | +4.3% | −4.5 pp | — |
| Year to date | +9.5% | +10.6% | −1.1 pp | — |
| 1 year | +26.6% | +10.5% | +16.2 pp | −26.6% |
| 3 years | +8.7% | +73.7% | −64.9 pp | +123.4% |
| 5 years | −18.9% | +61.7% | −80.6 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 04 Jul 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.3 bn | 1.2 bn | 1.2 bn | 1.4 bn | 1.4 bn | 1.3 bn | 1.4 bn | 1.6 bn |
| Cost of revenue | 940.3 m | 901.7 m | 917.9 m | 1.1 bn | 1.0 bn | 1.0 bn | 1.0 bn | 1.1 bn |
| Research & development | 41.7 m | 39.1 m | 38.5 m | 41.8 m | 43.4 m | 45.0 m | 46.3 m | 50.4 m |
| SG&A | 180.7 m | 181.7 m | 208.0 m | 216.6 m | 215.8 m | 210.7 m | 242.2 m | 251.0 m |
| Operating income | 98.4 m | -55.7 m | 56.3 m | 103.3 m | -242.2 m | 41.9 m | 50.3 m | 129.4 m |
| Depreciation & amortisation | 72.2 m ≈ | 76.8 m | 70.1 m | 73.1 m ≈ | 73.7 m ≈ | 75.6 m | 74.9 m | 73.6 m ≈ |
| Interest expense | 33.0 m | 32.4 m | 29.7 m | 30.0 m | 27.0 m | 25.0 m | 24.6 m | 24.8 m |
| Pre-tax income | 69.9 m | -86.1 m | 28.1 m | 75.3 m | -266.3 m | 27.2 m | 26.9 m | 106.4 m |
| Income tax | 22.6 m | -14.9 m | 7.9 m | 15.7 m | -32.0 m | 8.6 m | 5.9 m | -1.8 m |
| Net income | 44.6 m | -82.5 m | 20.2 m | 59.3 m | -235.5 m | 18.7 m | 21.0 m | 109.8 m |
| Diluted EPS | 0.67 | -1.23 ≈ | 0.30 | 0.89 | -3.59 | 0.28 ≈ | 0.32 | 1.68 |
| Operating cash flow | 67.4 m ≈ | 306.4 m | -27.4 m | 316.2 m ≈ | 140.4 m ≈ | 132.9 m | -64.1 m | 313.8 m ≈ |
| Capex | 36.0 m | 30.3 m | 37.7 m | 44.9 m | 33.9 m | 49.3 m | 57.2 m | 41.4 m |
| Dividends paid | 27.8 m ≈ | 27.7 m | 28.2 m | 28.4 m ≈ | 28.0 m ≈ | 28.0 m | 28.7 m | 28.5 m ≈ |
| Share repurchases | 20.0 m ≈ | 10.0 m | 25.6 m | 17.5 m ≈ | 21.9 m ≈ | 15.0 m | 16.2 m | 15.0 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.1 bn | 4.1 bn | 4.3 bn | 5.8 bn | 6.8 bn | 6.4 bn | 5.2 bn | 5.4 bn |
| Revenue YoY | +8.4% | −0.3% | +5.8% | +34.5% | +16.5% | −6.0% | −18.2% | +2.4% |
| Net income | 265.3 m | -131.0 m | 372.7 m | 593.3 m | 677.0 m | 420.4 m | 130.1 m | -137.3 m |
| Net income YoY | +81.2% | −149.4% | unavailable | +59.2% | +14.1% | −37.9% | −69.1% | −205.5% |
| Diluted EPS | 3.01 | -1.53 | 4.68 | 7.57 | 9.00 | 5.96 | 1.93 | -2.08 |
| Diluted EPS YoY | +85.8% | −150.8% | unavailable | +61.8% | +18.9% | −33.8% | −67.6% | −207.8% |
| net % | 6.4% | -3.2% | 8.6% | 10.1% | 9.9% | 6.6% | 2.5% | -2.6% |
| Free cash flow | 156.8 m | 201.6 m | 615.9 m | 306.9 m | 197.8 m | 444.3 m | 264.0 m | 396.3 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 256.8 m USD
- Financial debt
- 2.1 bn USD
- Net debt
- 1.8 bn USD
- Equity
- 1.6 bn USD
- Total assets
- 5.3 bn USD
- Debt / equity
- 1.29x
- Current ratio
- 1.44x
- ROE
- -7.8%
- ROA
- -2.5%
- FCF margin
- 7.4%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 4.3 bn | 5.8 bn | 6.8 bn | 6.4 bn | 5.2 bn | 5.4 bn | SEC (XBRL)· 13 Feb 2026verified |
| Cost of revenue | 3.1 bn | 4.2 bn | 4.9 bn | 4.6 bn | 3.9 bn | 4.0 bn | SEC (XBRL)· 13 Feb 2026verified |
| Gross profit | 1.2 bn | 1.7 bn ≈ | 1.9 bn ≈ | 1.8 bn ≈ | 1.4 bn ≈ | 1.3 bn ≈ | SEC (XBRL)· 13 Feb 2026derived |
| Research & development | 125.9 m | 154.5 m | 202.9 m | 185.2 m | 169.6 m | 168.7 m | SEC (XBRL)· 13 Feb 2026verified |
| SG&A | 543.7 m | 697.8 m | 771.4 m | 812.2 m | 747.9 m | 851.1 m | SEC (XBRL)· 13 Feb 2026verified |
| Operating income | 539.3 m | 812.9 m | 947.8 m | 734.9 m | 311.6 m | -40.7 m | SEC (XBRL)· 13 Feb 2026verified |
| Depreciation & amortisation | 153.4 m | 178.1 m | 231.2 m | 272.9 m | 288.8 m | 292.5 m | SEC (XBRL)· 13 Feb 2026verified |
| EBITDA | 692.7 m ≈ | 991.0 m ≈ | 1.2 bn ≈ | 1.0 bn ≈ | 600.4 m ≈ | 251.8 m ≈ | SEC (XBRL)· 13 Feb 2026derived |
| Interest expense | 67.3 m | 65.9 m | 98.1 m | 112.4 m | 126.6 m | 111.7 m | SEC (XBRL)· 13 Feb 2026verified |
| Pre-tax income | 472.7 m | 736.4 m | 853.6 m | 628.9 m | 203.3 m | -135.7 m | SEC (XBRL)· 13 Feb 2026verified |
| Income tax | 98.0 m | 141.0 m | 172.3 m | 196.3 m | 54.0 m | 200.0 k | SEC (XBRL)· 13 Feb 2026verified |
| Net income | 372.7 m | 593.3 m | 677.0 m | 420.4 m | 130.1 m | -137.3 m | SEC (XBRL)· 13 Feb 2026verified |
| Diluted EPS | 4.68 | 7.57 | 9.00 | 5.96 | 1.93 | -2.08 | SEC (XBRL)· 13 Feb 2026verified |
| Weighted average diluted shares | 79.7 m | 78.4 m | 75.2 m | 70.5 m | 67.4 m | 65.9 m | SEC (XBRL)· 13 Feb 2026verified |
| Dividend per share | 0.99 | 1.28 | 1.46 | 1.60 | 1.68 | 1.72 | SEC (XBRL)· 13 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 519.6 m | 354.5 m | 595.6 m | 467.8 m | 269.0 m | 256.8 m | SEC (XBRL)· 13 Feb 2026verified |
| Inventories | 711.8 m | 1.2 bn | 1.5 bn | 1.5 bn | 1.3 bn | 1.2 bn | SEC (XBRL)· 13 Feb 2026verified |
| Current assets | 1.7 bn | 2.1 bn | 2.7 bn | 2.5 bn | 2.1 bn | 2.1 bn | SEC (XBRL)· 13 Feb 2026verified |
| Property, plant & equipment, net | 863.6 m | 1.0 bn | 1.3 bn | 1.3 bn | 1.3 bn | 1.2 bn | SEC (XBRL)· 13 Feb 2026verified |
| Goodwill | 417.7 m | 888.4 m | 967.6 m | 1.0 bn | 966.1 m | 681.2 m | SEC (XBRL)· 13 Feb 2026verified |
| Intangibles (excl. goodwill) | 552.3 m | 1.1 bn | 997.4 m | 978.0 m | 918.3 m | 854.8 m | SEC (XBRL)· 13 Feb 2026verified |
| Total assets | 3.8 bn | 5.4 bn | 6.3 bn | 6.2 bn | 5.7 bn | 5.3 bn | SEC (XBRL)· 13 Feb 2026verified |
| Accounts payable | 457.6 m | 693.5 m | 662.6 m | 558.0 m | 393.4 m | 374.9 m | SEC (XBRL)· 13 Feb 2026verified |
| Short-term debt | 43.1 m | 37.4 m | 89.0 m | 454.7 m | 242.8 m | 295.4 m | SEC (XBRL)· 13 Feb 2026verified |
| Long-term debt | 908.3 m | 1.8 bn | 2.4 bn | 2.0 bn | 2.1 bn | 1.8 bn | SEC (XBRL)· 13 Feb 2026verified |
| Current liabilities | 1.1 bn | 1.4 bn | 1.5 bn | 1.8 bn | 1.3 bn | 1.4 bn | SEC (XBRL)· 13 Feb 2026verified |
| Equity | 1.5 bn † | 1.9 bn † | 2.0 bn † | 2.1 bn † | 1.9 bn † | 1.6 bn † | SEC (XBRL)· 13 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 798.3 m | 574.0 m | 586.1 m | 733.6 m | 431.4 m | 562.1 m | SEC (XBRL)· 13 Feb 2026verified |
| Capex | 182.4 m | 267.1 m | 388.3 m | 289.3 m | 167.4 m | 165.8 m | SEC (XBRL)· 13 Feb 2026verified |
| Free cash flow | 615.9 m ≈ | 306.9 m ≈ | 197.8 m ≈ | 444.3 m ≈ | 264.0 m ≈ | 396.3 m ≈ | SEC (XBRL)· 13 Feb 2026derived |
| Investing cash flow | -246.9 m | -1.4 bn | -443.2 m | -378.9 m | -168.9 m | -141.6 m | SEC (XBRL)· 13 Feb 2026verified |
| Financing cash flow | -361.8 m | 621.8 m | 110.8 m | -487.0 m | -442.7 m | -441.2 m | SEC (XBRL)· 13 Feb 2026verified |
| Dividends paid | 78.3 m | 98.9 m | 108.6 m | 112.0 m | 112.3 m | 112.6 m | SEC (XBRL)· 13 Feb 2026verified |
| Share repurchases | 118.3 m | 120.1 m | 450.0 m | 275.0 m | 200.0 m | 80.0 m | SEC (XBRL)· 13 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 23 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 5.3 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation36
- Returns69
- Quality6
- Balance sheet11
- Growth0
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.00 – 107.40 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)53.17 – 107.40 (Mid 73.05)WACC 8.1% · starting FCFF 426.4 m USD · terminal value share of EV 76%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -1.7%
- Peers: EV/EBITDA0.00 – 37.88 (Mid 16.40)4 companies used · median multiple 10.4x · quartiles 6.2x – 15.4xBWXT, CEPL, CMI, CYD
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)22.60 – 30.40 (Mid 25.93)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 23/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -0.5% | 0 (on a fixed band) | 14% |
| Net margin · Quality | -1.5% | 17 (vs peers) | 8% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -7.7% | 0 (on a fixed band) | 11% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 6.5x | 0 (on a fixed band) | 14% |
| Interest coverage · Balance sheet | -0.2x | 0 (on a fixed band) | 8% |
| Current ratio · Balance sheet | 1.4x | 54 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | 25.5x | 0 (on a fixed band) | 14% |
| FCF yield · Valuation | 6.5% | 81 (on a fixed band) | 11% |
| Shareholder yield (distributions) · Returns | 3.4% | 49 (on a fixed band) | 8% |
| Payout ratio (FCF) · Returns | 33.2% | 100 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet11/100 · 3/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality6/100 · 2/3 factors with a value
- Returns69/100 · 2/2 factors with a value
- Valuation36/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Brunswick Corporation (BC). Latest full fiscal year: 2025; data up to 2026-07-04.
Figures computed from the financial statements: revenue 5.4 bn USD in 2025; YoY growth 2.4%; net margin -1.5%; ROE -4.8%; net debt/EBITDA 6.5x.
The estimated value range is 22.60–37.88 USD per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 25.93 USD, the price of 81.30 USD leaves a potential of -68.1% (value / price − 1) and a margin of safety of -213.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 23/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF yield: 6.5%
- Payout ratio (FCF): 33.2%
What contradicts it
- ROIC: -0.5%
- Net margin: -1.5%
- Revenue CAGR 3Y: -7.7%
- Net debt / EBITDA: 6.5x
- Interest coverage: -0.2x
- EV/EBITDA: 25.5x
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, P/E (TTM).
Versus the vertical median
Engines & Turbines (SIC 3510) · same industry (4-digit SIC) · compared with 6 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CMICummins Inc. | 68.9 bn | 25.3 | 23.0% | 8.1% | −1.3% | +1% / +123% |
| BWXTBwx Technologies, Inc. | 11.1 bn | 29.8 | 28.2% | 10.4% | +18.3% | −32% / +56% |
| BCBrunswick Corporation | 5.3 bn | — | -4.8% | -1.5% | +2.4% | +27% / +9% |
| PSIXPower Solutions International, Inc. | 915.0 m | 13.5 | 40.1% | 10.0% | +51.8% | −27% / +1,317% |
| CYDChina Yuchai International Limited | 807.0 m | 18.9 | 3.5% | 1.7% | +5.0% | −40% / +136% |
| CEPLCapstone Energy Plus, Inc. | 50.4 m | — | — | 3.5% | +23.9% | unavailable / unavailable |
| WPRTWestport Fuel Systems Inc. | 33.0 m | — | -59.9% | -264.3% | −42.7% | −5% / −63% |
1- and 3-year price returns: for BC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Brunswick CFO sets course in a changing boating marketYahoo Finance — News · 24 Aug 2026 · EN
- Sea Ray parent Brunswick bets on AI navigation and new revenue streams to help stalling boat salesCNBC World · 18 Aug 2026 · EN
- Brunswick Targets Record Revenue, Doubled Earnings by 2030Bloomberg Markets · 04 Aug 2026 · EN
The latest news item in our archive is from 24 Aug 2026; the newest SEC filing is from 29 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report29 Oct 2026Results of operations · Financial statements and exhibits
- Current report22 Sept 2026Departure or appointment of officers · Financial statements and exhibits
- Quarterly report05 Aug 2026
- Current report30 Jul 2026Results of operations · Financial statements and exhibits
- Quarterly report07 May 2026
- Current report30 Apr 2026Results of operations · Financial statements and exhibits
- Proxy statement19 Mar 2026
- Annual report13 Feb 2026
- Current report29 Jan 2026Results of operations · Financial statements and exhibits
- Current report26 Nov 2025Other events · Financial statements and exhibits
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.