Latest Ratios: P/E Ratio -37.2x · EV/EBITDA 28.4x · 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 → | -37.18 | — | 33.51 | 16.23 | 8.01 | 13.31 | 16.22 | — | 15.43 | 34.09 | 18.18 |
| P/S Ratio | 0.94 | 0.91 | 0.83 | 1.07 | 0.80 | 1.35 | 1.40 | 1.24 | 0.99 | 1.31 | 1.12 |
| P/B Ratio | 3.13 | 3.00 | 2.30 | 3.27 | 2.65 | 4.13 | 4.02 | 3.93 | 2.59 | 3.36 | 3.56 |
| P/FCF | 12.71 | 12.31 | 16.51 | 15.35 | 27.40 | 25.73 | 9.87 | 25.35 | 28.53 | 23.58 | 22.01 |
| P/OCF | 8.96 | 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 | 28.43 | 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 | — | — | 3.0% | 6.2% | 12.5% | 7.5% | 6.2% | — | 6.5% | 2.9% | 5.5% |
| FCF Yield | 7.9% | 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 |
Cyclical inventory and leverage
According to current market data, Brunswick trades at a forward P/E of 20.21, which appears to discount the recent earnings volatility while potentially overestimating the speed of a recovery in the marine discretionary segment compared to historical valuation averages for the broader recreational vehicle industry.
The negative TTM P/E ratio highlights the recent earnings trough, making forward-looking multiples the primary focus for investors. The current EV/EBITDA of 30.94 suggests that the market is pricing in a significant rebound in profitability, which may be optimistic given the persistent margin pressures observed in the propulsion and boat segments.
As reported in recent financial statements, Brunswick's operating margin has contracted to -0.74%, indicating that the company is currently struggling to maintain profitability as fixed costs remain high relative to the softening demand environment for its premium marine propulsion and boat product lines.
The decline in operating margins suggests that the company's vertical integration, while a competitive moat, creates significant operating leverage that works against the firm during cyclical downturns. Investors should monitor whether the recent margin compression is a temporary result of inventory clearing or a structural shift in the cost of goods sold.
Based on quarterly data, ROIC has trended toward 0.8% in early 2026, a sharp decline from historical peaks that suggests the company is currently failing to generate returns on invested capital that exceed its cost of capital during this period of operational restructuring.
The decay in ROIC reflects the difficulty of maintaining efficient capital deployment when manufacturing volumes are below break-even levels. This trend warrants further investigation into whether recent acquisitions, such as Navico, are providing the expected accretive returns or if they are currently diluting the company's overall capital efficiency.
According to recent filings, the company's cash conversion cycle has shown significant instability, with inventory days reaching 114 in 2025Q4, which suggests that Brunswick is facing challenges in balancing production output with the actual retail absorption rate of its dealer network.
The fluctuation in DSO and DIO indicates that the company's working capital efficiency is highly sensitive to dealer inventory levels. If inventory days remain elevated, it may imply that the company is forced to provide more generous credit terms to dealers, further straining cash flow.
As indicated by the reported 1.49% debt-to-equity ratio, investors often misapply this metric to Brunswick, failing to account for the company's significant off-balance-sheet inventory buyback obligations and lease commitments that effectively mask the true leverage profile of this capital-intensive manufacturing business model.
Relying solely on the headline D/E ratio obscures the actual financial risk, as it ignores the contingent liabilities inherent in the marine dealer distribution model. A more appropriate metric for assessing Brunswick's leverage would be a debt-to-EBITDA ratio adjusted for these repurchase obligations and seasonal working capital swings.
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 -37.2x. The historical average is 21.3x.
Brunswick Corporation's current EV/EBITDA is 28.4x. 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 -37.2x. 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.