Is the business good?
How good a business is BRC?
Brady Corporation earns 17% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
17%
Return on invested capital · cost of capital 9.0% · 8.4 points above what the capital costs: growth creates value
- Operating margin
- 16%
Operating margin · Security & Protection Services median 18% · 12 months to Q3 2026
- Cash conversion
- 0.86×
Cash conversion · 0.91× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −0.52%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 13% |
| FY2021 | 15% |
| FY2022 | 15% |
| FY2023 | 17% |
| FY2024 | 18% |
| FY2025 | 16% |
Details›
- Gross margin12 months to Q3 2026
- 51%
- Operating margin12 months to Q3 2026
- 16%
- Net margin12 months to Q3 2026
- 13%
- Free cash flow margin
- 11%
- R&D as % of revenue
- 5.8%
- Revenue, trailing twelve months
- $1.62B
- Free cash flow, trailing twelve months
- $181M
- Net income, trailing twelve months
- $210M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 17%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Security & Protection Services
Ranks #4 of 7 by Smart Score