CluenexBrown & Brown BRO
Brown & Brown scores average on business quality (5.3 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Brown & Brown does
Brown & Brown makes money by providing insurance brokerage and consulting services, collecting commissions and fees from commercial, professional, and individual clients. The firm is expanding its footprint via acquisitions and organic sales initiatives visible in its surging top-line metrics.
- What it does best
Brown & Brown excels at top-line expansion, delivering 22.8% revenue growth that outpaces peers like MRSH at 10.3%. This scale-driven client acquisition is difficult for smaller brokers to match.
- The main risk
Carrying $7.6 billion in total debt against $1.1 billion in cash exposes the firm to servicing strain if interest rates stay high, dragging its financial score down to a weak 4.0.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 28.4% with a net margin of 17.5%, showing solid core conversion but softening return on equity at 9.6%.
Its moat score of 2.8 reflects low customer switching costs and lack of a durable economic barrier, lagging behind sector peers.
Revenue surged 22.8% to $6.8B, accelerating strongly compared to historical periods like 2023 when revenue was $4.3B.
Total debt of $7.6B towers over $1.1B in cash, while interest coverage sits at 4.8x, leaving narrow room for error as debt costs bite.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on BRO
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Brown & Brown scores average on the Cluenex quality check (5.3 of 10), measured against its own industry. Profitability is fair, moat weak, growth fast and financial health weak.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 26, 2026, after the close.
See BRO today
- Today's verdict on BRO, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Brown & Brown (BRO)”, https://cluenex.com/stocks/bro/, data as of Oct 10, 2026.