Is the business good?
How good a business is BC?
Brunswick Corporation earns −0.90% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−0.90%
Return on invested capital · cost of capital 9.0% · 9.9 points below what the capital costs: growth destroys value
- Operating margin
- −0.85%
Operating margin · Consumer Cyclical median 8.4% · 12 months to Q1 2026
- Share count, year on year
- −0.90%
Share count, year on year · flat: no meaningful dilution
- R&D as % of revenue
- 3.2%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | 12% |
| FY2021 | 14% |
| FY2022 | 14% |
| FY2023 | 11% |
| FY2024 | 5.9% |
| FY2025 | −0.76% |
Details›
- Gross margin12 months to Q1 2026
- 25%
- Operating margin12 months to Q1 2026
- −0.85%
- Net margin12 months to Q1 2026
- −2.5%
- Free cash flow margin
- 6.2%
- R&D as % of revenue
- 3.2%
- Revenue, trailing twelve months
- $5.52B
- Free cash flow, trailing twelve months
- $340M
- Net income, trailing twelve months
- −$137M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −0.90%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.