Brink's (BCO)


Market Price (8/22/2026): $111.44 | Market Cap: $4.6 BilSector: Industrials | Industry: Security & Alarm Services

Brink's (BCO)


Market Price (8/22/2026): $111.44
Market Cap: $4.6 Bil
Sector: Industrials
Industry: Security & Alarm Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%

Attractive yield
FCF Yield is 8.5%

Low stock price volatility
Vol 12M is 33%

Megatrend and thematic drivers
Megatrends include Physical Security & Secure Logistics. Themes include Cash & Valuables Logistics, Secure Supply Chain Solutions, and Cash Management Services.

Weak multi-year price returns
2Y Excs Rtn is -26%, 3Y Excs Rtn is -16%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63%

Key risks
BCO key risks include [1] the global shift toward digital payments threatening its core cash management services and [2] heightened exposure to robberies and sophisticated security threats targeting its cash-in-transit operations.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%
1 Attractive yield
FCF Yield is 8.5%
2 Low stock price volatility
Vol 12M is 33%
3 Megatrend and thematic drivers
Megatrends include Physical Security & Secure Logistics. Themes include Cash & Valuables Logistics, Secure Supply Chain Solutions, and Cash Management Services.
4 Weak multi-year price returns
2Y Excs Rtn is -26%, 3Y Excs Rtn is -16%
5 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
6 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63%
7 Key risks
BCO key risks include [1] the global shift toward digital payments threatening its core cash management services and [2] heightened exposure to robberies and sophisticated security threats targeting its cash-in-transit operations.

BCO in ETFs

Weight = BCO's share of each fund

VTI0.01%
ITOT0.01%
IWM0.15%
IJH0.13%
VB0.06%
IWO0.29%
IJK0.17%
MDYG0.17%
+13 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/18/2026

Brink's (BCO) stock has gained about 5% since 4/30/2026 because of the following key factors:

1. Strong fiscal Q1 2026 earnings surpassed analyst expectations.

The company reported its fiscal Q1 2026 results on May 6, 2026, with revenue rising 10.3% year-over-year to $1.375 billion, beating analysts' estimates. Earnings per share (EPS) of $1.80 also topped the consensus estimate of $1.59 by $0.21.

2. Accelerated progress was made on the NCR Atleos acquisition.

The acquisition of NCR Atleos received U.S. regulatory approval on May 11, 2026, and shareholders of both Brink's and NCR Atleos overwhelmingly approved the transaction on June 30, 2026. This progress de-risked the deal and advanced its expected closing to early fiscal Q1 2027, bringing anticipated run-rate cost synergies of $200 million closer to realization.

Show more
Updated on 8/18/2026

Brink's (BCO) stock has gained about 5% since 4/30/2026 because of the following key factors:

1. Strong fiscal Q1 2026 earnings surpassed analyst expectations.

The company reported its fiscal Q1 2026 results on May 6, 2026, with revenue rising 10.3% year-over-year to $1.375 billion, beating analysts' estimates. Earnings per share (EPS) of $1.80 also topped the consensus estimate of $1.59 by $0.21.

2. Accelerated progress was made on the NCR Atleos acquisition.

The acquisition of NCR Atleos received U.S. regulatory approval on May 11, 2026, and shareholders of both Brink's and NCR Atleos overwhelmingly approved the transaction on June 30, 2026. This progress de-risked the deal and advanced its expected closing to early fiscal Q1 2027, bringing anticipated run-rate cost synergies of $200 million closer to realization.

3. The strategic shift to high-margin ATM Managed Services (AMS) and Digital Retail Solutions (DRS) continued to show robust growth.

Brink's maintained strong organic growth in its higher-margin AMS and DRS segments, which posted 14% organic growth in fiscal Q2 2026. This marked the 14th consecutive quarter of mid-to-high teens growth in these strategic businesses, which now represent 30-32% of total revenue.

4. Brink's achieved record profitability and strong free cash flow in fiscal Q2 2026.

Despite a modest 0.7% revenue miss against consensus, the company delivered record adjusted EBITDA of $257 million with an 18.5% margin in fiscal Q2 2026, along with earnings per share of $2.13, beating analyst estimates by 3.9%. Brink's also reported trailing twelve-month free cash flow of $468 million, representing a 46% conversion rate, exceeding its 40-45% framework target.

5. Positive analyst sentiment and price targets provided support.

Analysts maintained a consensus "Moderate Buy" rating for Brink's stock during the period. As of August 14, 2026, the median 12-month price target stood at $151, indicating a significant upside potential of 31.7% from recent closing prices, contributing to positive investor sentiment.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 4.9% change in BCO stock from 4/30/2026 to 8/21/2026 was primarily driven by a 15.2% change in the company's P/E Multiple.
(LTM values as of)43020268212026Change
Stock Price ($)106.27111.434.9%
Change Contribution By: 
Total Revenues ($ Mil)5,2615,4814.2%
Net Income Margin (%)3.8%3.3%-13.1%
P/E Multiple22.125.515.2%
Shares Outstanding (Mil)42410.5%
Cumulative Contribution4.9%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/21/2026
ReturnCorrelation
BCO4.9% 
Market (SPY)6.5%10.9%
Sector (XLI)3.2%14.1%

Fundamental Drivers

The -11.7% change in BCO stock from 1/31/2026 to 8/21/2026 was primarily driven by a -18.0% change in the company's P/E Multiple.
(LTM values as of)13120268212026Change
Stock Price ($)126.21111.43-11.7%
Change Contribution By: 
Total Revenues ($ Mil)5,1465,4816.5%
Net Income Margin (%)3.3%3.3%-0.2%
P/E Multiple31.125.5-18.0%
Shares Outstanding (Mil)42411.2%
Cumulative Contribution-11.7%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/21/2026
ReturnCorrelation
BCO-11.7% 
Market (SPY)11.0%26.7%
Sector (XLI)9.3%24.7%

Fundamental Drivers

The 28.7% change in BCO stock from 7/31/2025 to 8/21/2026 was primarily driven by a 12.9% change in the company's P/E Multiple.
(LTM values as of)73120258212026Change
Stock Price ($)86.57111.4328.7%
Change Contribution By: 
Total Revenues ($ Mil)5,0225,4819.1%
Net Income Margin (%)3.3%3.3%0.3%
P/E Multiple22.625.512.9%
Shares Outstanding (Mil)43414.1%
Cumulative Contribution28.7%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/21/2026
ReturnCorrelation
BCO28.7% 
Market (SPY)22.2%32.4%
Sector (XLI)19.8%29.9%

Fundamental Drivers

The 57.4% change in BCO stock from 7/31/2023 to 8/21/2026 was primarily driven by a 34.2% change in the company's Net Income Margin (%).
(LTM values as of)73120238212026Change
Stock Price ($)70.79111.4357.4%
Change Contribution By: 
Total Revenues ($ Mil)4,6475,48118.0%
Net Income Margin (%)2.5%3.3%34.2%
P/E Multiple28.925.5-11.8%
Shares Outstanding (Mil)474112.8%
Cumulative Contribution57.4%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/21/2026
ReturnCorrelation
BCO57.4% 
Market (SPY)73.2%45.9%
Sector (XLI)70.0%46.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BCO Return-8%-17%66%7%27%-2%67%
Peers Return12%-5%13%24%28%4%102%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
BCO Win Rate67%42%67%50%67%38% 
Peers Win Rate54%42%66%50%69%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
BCO Max Drawdown-29%-33%-15%-23%-15%-32% 
Peers Max Drawdown-25%-30%-36%-19%-20%-23% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: NATL, DBD, ALLE, ADT. See BCO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/21/2026 (YTD)

How Low Can It Go

EventBCOS&P 500
2025 US Tariff Shock
  % Loss-13.0%-18.8%
  % Gain to Breakeven14.9%23.1%
  Time to Breakeven34 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-25.2%-24.5%
  % Gain to Breakeven33.7%32.4%
  Time to Breakeven123 days427 days
2020 COVID-19 Crash
  % Loss-50.5%-33.7%
  % Gain to Breakeven102.1%50.9%
  Time to Breakeven1348 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-14.7%-19.2%
  % Gain to Breakeven17.2%23.8%
  Time to Breakeven17 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-15.2%-12.2%
  % Gain to Breakeven18.0%13.9%
  Time to Breakeven21 days62 days
2014-2016 Oil Price Collapse
  % Loss-26.6%-6.8%
  % Gain to Breakeven36.2%7.3%
  Time to Breakeven116 days15 days

Compare to NATL, DBD, ALLE, ADT

In The Past

Brink's's stock fell -13.0% during the 2025 US Tariff Shock. Such a loss loss requires a 14.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventBCOS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-25.2%-24.5%
  % Gain to Breakeven33.7%32.4%
  Time to Breakeven123 days427 days
2020 COVID-19 Crash
  % Loss-50.5%-33.7%
  % Gain to Breakeven102.1%50.9%
  Time to Breakeven1348 days140 days
2014-2016 Oil Price Collapse
  % Loss-26.6%-6.8%
  % Gain to Breakeven36.2%7.3%
  Time to Breakeven116 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-30.4%-17.9%
  % Gain to Breakeven43.7%21.8%
  Time to Breakeven752 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-35.9%-15.4%
  % Gain to Breakeven56.0%18.2%
  Time to Breakeven212 days125 days
2008-2009 Global Financial Crisis
  % Loss-42.9%-53.4%
  % Gain to Breakeven75.3%114.4%
  Time to Breakeven851 days1085 days

Compare to NATL, DBD, ALLE, ADT

In The Past

Brink's's stock fell -13.0% during the 2025 US Tariff Shock. Such a loss loss requires a 14.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Brink's (BCO)

The Brink's Company (BCO) is a leading global provider of secure logistics and cash management solutions. The company specializes in the secure transportation of valuables, comprehensive cash handling services, and a broad range of integrated security services. Brink's operates internationally, with a significant presence across North America, Latin America, and Europe, serving critical needs for businesses and institutions that require robust protection and efficient management of their assets.

Brink's core offerings include armored vehicle transportation for a wide array of high-value items such as currency, precious metals, jewelry, securities, and high-tech devices. The company provides extensive ATM management services, encompassing cash replenishment, forecasting, and maintenance, alongside cash-in-transit services. Furthermore, Brink's offers vault outsourcing, money processing, and implements intelligent safe technologies for businesses, complemented by digital tools for cash tracking and inventory management. Its security solutions also extend to designing, installing, and monitoring advanced security systems like alarms, CCTV, and access controls, as well as providing security and guarding services for various commercial and public venues.

Brink's serves a diverse and critical customer base that relies on its expertise to manage and protect their financial and physical assets. Its primary clients include banks and financial institutions, retailers of all sizes, government agencies, mints, and jewelers. Essentially, any commercial operation that requires secure handling of cash and valuables, efficient cash flow management, or integrated security services for their physical operations constitutes a key customer for Brink's.

AI Analysis | Feedback

Here are 1-3 brief analogies for The Brink's Company (BCO):

  • They're like the **FedEx or UPS for incredibly valuable items** like cash, gold, and diamonds, transported in armored vehicles.

  • Think of them as a highly secure, global **payment processor, but for physical cash and valuables** rather than digital transactions like PayPal or Stripe.

AI Analysis | Feedback

  • Secure Logistics & Cash-in-Transit: Provides armored vehicle transportation for cash, valuables, and sensitive goods.
  • ATM Management: Offers comprehensive services for ATMs, including cash replenishment, forecasting, and maintenance.
  • Cash Management & Processing: Delivers vault outsourcing, money processing, intelligent safe services, and related cash handling solutions.
  • Cash Logistics Technology: Develops web-based tools for online cash tracking and inventory management.
  • Financial Transaction Services: Provides bill payment, collection services, and offers prepaid and corporate debit cards.
  • Security Systems & Monitoring: Designs, installs, and monitors physical security systems like alarms, CCTV, and access control.
  • Security Guarding: Supplies security personnel for protection at various commercial and public venues.

AI Analysis | Feedback

Major Customers of The Brink's Company (BCO)

The Brink's Company primarily sells its services to other companies rather than individuals. Based on the provided background information, its major customers fall into the following categories:

  • Banks and financial institutions
  • Retailers
  • Government agencies
  • Mints
  • Jewelers
  • Other commercial operations

Specific names of individual customer companies were not detailed in the provided company description.

AI Analysis | Feedback

null

AI Analysis | Feedback

Mark Eubanks, President and Chief Executive Officer

Mark Eubanks has served as President and Chief Executive Officer of The Brink's Company since May 2022. Prior to this, he was the company's Executive Vice President and Chief Operating Officer from September 2021 to May 2022. Before joining Brink's, Mr. Eubanks was President, EMEA at Otis Worldwide Corporation from April 2019 to September 2020. Preceding his time at Otis, he was Group President, Electrical Products at Eaton Corporation from 2015 to 2019.

Kurt McMaken, Executive Vice President and Chief Financial Officer

Kurt McMaken joined Brink's as Executive Vice President and Chief Financial Officer on August 24, 2022. He oversees the company's financial, information technology, and sustainability functions. Before coming to Brink's, Mr. McMaken spent 20 years at Eaton Corporation plc in various financial and management capacities, most recently as Senior Vice President, Operations Finance and Transformation. He began his career in Audit & Business Advisory Services at PricewaterhouseCoopers LLP.

Adrian Button, Executive Vice President and President, Brink's North America

Adrian Button was appointed Executive Vice President and President, Brink's North America, effective February 16, 2026, bringing over 30 years of global operational leadership experience. He started his career as a mechanical engineering apprentice at the Royal Mint in Cardiff, Wales. He spent nearly two decades with General Electric, holding senior leadership roles across Aviation, Oil & Gas, and Industrial Solutions, managing multibillion-dollar P&Ls and leading major supply chain transformations. Subsequently, Mr. Button joined NCR Corporation, where he led the $2.6 billion Hardware Group and later served as Executive Vice President of Service and Product, overseeing a $5 billion P&L and a global team of more than 25,000 employees. Most recently, he was Senior Vice President of Operations at Carrier Corporation.

Elizabeth Galloway, Executive Vice President and Chief Human Resources Officer

Elizabeth Galloway leads Brink's global human resources function. Prior to joining Brink's, she served as Executive Vice President and Chief Human Resources Officer of Invitation Homes, a leader in the single-family home rental industry. Before Invitation Homes, Ms. Galloway held human resources leadership positions at At Home, PepsiCo, Owens Corning, and Marathon Petroleum Company.

Guillermo Peschard Mijares, Executive Vice President and President, Brink's Latin America (LATAM)

Guillermo Peschard Mijares leads Brink's Latin America operations. Before joining Brink's, he was Senior Vice President of Global Strategic Cost Transformation at PepsiCo, and prior to that, Chief Strategy and Transformation Officer for PepsiCo's Latin American business. Earlier in his career, Mr. Peschard Mijares worked at Walmart Mexico and Central America, where he served as General Manager & Senior Vice President of their Financial Services business and was Chairman of the Board of Banco Walmart.

AI Analysis | Feedback

The Brink's Company (BCO) faces several key risks to its business operations. The most significant among these is the ongoing global shift towards a cashless economy and the resulting decline in physical cash usage. This secular trend poses a fundamental threat to a large portion of the company's traditional Cash-in-Transit (CIT) revenue, despite Brink's efforts to diversify into digital services. Secondly, Brink's operates within a highly competitive landscape. The secure logistics and cash management market includes established global security firms and specialized niche players such as Loomis, Prosegur, and GardaWorld. These competitors offer similar services and frequently engage in aggressive pricing strategies, which can exert pressure on Brink's market share and profitability. Finally, the inherent nature of Brink's business exposes it to significant security threats. Despite its expertise in security, the company remains a target for external theft and robbery, as well as internal fraud, due to the handling of large volumes of valuables. Furthermore, as Brink's increasingly relies on its IT infrastructure and digital solutions, it faces growing cybersecurity risks and the potential for breaches, which could lead to financial losses, operational disruptions, and reputational damage.

AI Analysis | Feedback

The widespread adoption of digital payment systems, including mobile payments, contactless transactions, and peer-to-peer payment applications, coupled with the emerging development of central bank digital currencies (CBDCs), poses a clear threat by reducing the global reliance on physical cash. This trend directly impacts the demand for Brink's core services, which are heavily centered around the secure transportation, management, and processing of physical currency and other valuables, including ATM services and vault operations.

AI Analysis | Feedback

The Brink's Company (BCO) operates within several substantial addressable markets for its core products and services globally and across key regions.

Secure Transportation and Cash-in-Transit (CIT) Services

  • The global Cash-in-Transit (CIT) Services market was valued at approximately USD 22.1 billion in 2024 and is projected to reach USD 41.6 billion by 2033.
  • In North America, the CIT market size was approximately USD 6.2 billion in 2024.
  • Europe's CIT market was valued at USD 5.8 billion in 2024.
  • Latin America's CIT market size reached USD 3.2 billion in 2024.
  • The Asia Pacific region's CIT market was USD 4.9 billion in 2024.
  • The Middle East & Africa's CIT market was USD 2.0 billion in 2024.

Cash Management Services

  • ATM Managed Services: The global ATM Managed Services market size was valued at USD 9.04 billion in 2025 and is projected to grow to USD 20.85 billion by 2034.
    • North America's ATM Managed Services market size is estimated at USD 3.47 billion in 2025 and is projected to reach approximately USD 8.19 billion by 2035.
  • Smart Safes: The global smart safes market was valued at USD 3,735.11 million (approximately USD 3.74 billion) in 2024 and is projected to hit US$ 8,373.81 million by 2033.
  • Smart Safe Cash Management: The global smart safe cash management market was valued at USD 29.48 billion in 2024 and is projected to grow to USD 62.99 billion by 2033.

Security and Guarding Services

  • The global physical security market was estimated at USD 405 billion in 2023 and is projected to grow to nearly USD 500 billion by 2026.
  • The global physical security services market was estimated at USD 319 billion in 2023, with guarding services accounting for 47% of this total.
  • The global Manned Guarding Services market was valued at US$219.9 billion in 2024 and is projected to reach US$283.8 billion by 2030.
  • The global security guarding services market size was $184.33 billion in 2025 and is expected to grow to $265.2 billion in 2030.
  • The global Security Systems Market, which includes alarms, motion detectors, closed-circuit televisions, digital video recorders, and access control systems, was estimated at USD 77.4 billion in 2024 and is projected to reach USD 213.98 billion by 2035.

AI Analysis | Feedback

Brink's (BCO) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives and market trends:

  1. Accelerated Growth in ATM Managed Services (AMS) and Digital Retail Solutions (DRS): Brink's is heavily prioritizing the expansion of its higher-margin, tech-enabled ATM Managed Services and Digital Retail Solutions segments. These services have demonstrated strong organic growth, exceeding 20% in the first quarter of 2025 and the fourth quarter of 2025, and are projected to constitute a significant portion of total revenue by 2025. This strategic shift towards digital solutions is a key component of the company's business transformation.
  2. Strategic Acquisitions, particularly NCR Atleos: The planned acquisition of NCR Atleos, valued at approximately $6.6 billion, is a transformative move anticipated to significantly expand Brink's market position and double its revenue size to around $10 billion. This acquisition is expected to enhance Brink's capabilities in ATM-as-a-Service (ATMaaS), generate substantial cost synergies, and be accretive to earnings per share.
  3. Increased Demand for Outsourced Cash Management and ATM Services: There is a growing trend among banks, financial institutions, and retailers to outsource their ATM operations and cash management to reduce costs and improve efficiency. Brink's, particularly with its enhanced digital solutions and the integration of NCR Atleos, is well-positioned to capitalize on this demand, offering comprehensive, end-to-end ATM outsourcing solutions and strengthening its role as a primary partner in the evolving cash ecosystem.
  4. Geographic Expansion and Market Penetration: Brink's continues to pursue a multi-faceted expansion strategy, focusing on strengthening its presence in crucial geographic markets and expanding into new territories. This includes targeted investments and strategic appointments to bolster regional growth, such as in Latin America.

AI Analysis | Feedback


Capital Allocation Decisions (Last 3-5 Years)

Share Repurchases
  • The Brink's Company authorized a new $750 million share repurchase program on December 10, 2025, which will extend through December 31, 2027. This program complements a previous $500 million authorization that was set to expire at the end of 2025.
  • Since 2022, Brink's has retired over seven million shares and returned more than $725 million to shareholders through a combination of dividends and share repurchases.
  • In 2025, the company repurchased $209 million of its stock, contributing to an approximately 5% reduction in its diluted share count.
Share Issuance
  • Brink's plans to acquire NCR Atleos for $6.6 billion in cash and stock, involving the issuance of over 13 million new shares. This transaction is expected to result in current Brink's shareholders owning less than 80% of the combined entity.
Outbound Investments
  • The company announced its intention to acquire NCR Atleos for $6.6 billion in a cash and stock transaction in February 2026. This acquisition is projected to double Brink's revenue and generate $200 million in annual run-rate synergies within three years.
  • Acquisitions, net of cash acquired, amounted to $19.1 million in 2023 and $1.5 million in 2024.
  • Transaction costs related to business acquisitions totaled $2.7 million in 2025.
Capital Expenditures
  • Capital expenditures were reported as $222.5 million in 2023 and $202.7 million in 2024.
  • The last twelve months' (LTM) capital expenditure, as of October 2025, was $45.2 million.
  • Capital expenditures are primarily focused on maintaining existing property, plant, and equipment, and supporting growth initiatives, particularly in ATM managed services (AMS) and digital retail solutions (DRS), as well as technology and systems investments.

Better Bets vs. Brink's (BCO)

Peer Outperformance in Security & Alarm Services

BCO has outperformed 78% of its 9 Security & Alarm Services peers over 5Y. Security & Alarm Services ranks 22nd of 23 industries in Industrials by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Security & Alarm Services constituents that BCO has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
70%
of 10 industry peers · 2.2% return
3Y
70%
of 10 industry peers · 58.4% return
5Y
78%
of 9 industry peers · 53.5% return
No Security & Alarm Services peer with a comparable growth profile has beaten BCO by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Security & Alarm Services is BCO's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Construction & Engineering 31 27.6%126.5%210.6% CDNL 3246% · STRL 2254% · FIX 2172%
Marine Transportation 4 62.9%65.0%163.5% MATX 225% · KEX 166% · SFL 161%
Construction Machinery & Heavy Transportation Equipment 13 16.3%68.1%123.8% CAT 340% · ALSN 287% · WAB 257%
Aerospace & Defense 55 13.8%67.6%80.6% DFNS 2047% · ATI 1066% · FTAI 993%
Passenger Ground Transportation 3 -2.4%61.6%71.8% UBER 97% · CAR 72% · LYFT -62%
Industrial Machinery & Supplies & Components 71 11.4%56.3%52.9% CRS 1522% · PSIX 846% · GHM 752%
Rail Transportation 7 39.8%76.5%48.5% FSTR 120% · CSX 64% · UNP 54%
Cargo Ground Transportation 16 47.1%13.9%47.5% XPO 283% · R 277% · CVLG 227%
Trading Companies & Distributors 18 7.1%37.0%45.6% DXPE 541% · AIT 309% · URI 246%
Diversified Support Services 34 11.6%36.1%40.8% LIME 4674% · TH 414% · WLFC 357%
Electrical Components & Equipment 40 29.9%46.9%36.1% POWL 2449% · BE 907% · VRT 872%
Building Products 33 -1.6%16.9%29.6% GFF 425% · LMB 425% · PPIH 297%
Industrial Conglomerates 17 18.2%25.2%7.9% RCMT 804% · TTI 181% · CSW 157%
Office Services & Supplies 10 18.7%25.5%4.7% TILE 198% · PBI 173% · EBF 53%
Environmental & Facilities Services 28 -8.4%17.4%3.7% CECO 884% · ADUR 661% · GEO 314%
Research & Consulting Services 13 -5.4%-18.0%-3.9% HURN 224% · CRAI 100% · GRNQ 58%
Agricultural & Farm Machinery 17 0.1%-4.0%-11.0% BLBD 199% · DE 97% · GENC 66%
Data Processing & Outsourced Services 6 -29.6%-8.2%-24.6% EXLS 57% · BR 14% · G -23%
Passenger Airlines 11 12.7%-6.1%-25.3% LTM 2424% · UAL 157% · SKYW 152%
Human Resource & Employment Services 20 10.0%-19.7%-36.0% BBSI 90% · ADP 48% · KFY 39%
Air Freight & Logistics 12 -12.4%-24.2%-36.6% CHRW 80% · FDX 68% · EXPD 62%
Security & Alarm Services ← 10 -31.8%-17.6%-46.9% CIX 125% · MG 96% · BCO 54%
Airport Services 3 -67.8%-71.2%-58.6% JOBY -24% · ASLE -59% · UP -100%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BCONATLDBDALLEADTMedian
NameBrink's NCR Atle.Diebold .Allegion ADT  
Mkt Price111.4346.4169.94162.317.3869.94
Mkt Cap4.63.42.413.95.64.6
Rev LTM5,4814,4193,8724,2885,1654,419
Op Inc LTM5675062738931,289567
FCF LTM3941252126711,614394
FCF 3Y Avg371137-6191,337495
CFO LTM5612792737692,158561
CFO 3Y Avg576292-7101,977643

Growth & Margins

BCONATLDBDALLEADTMedian
NameBrink's NCR Atle.Diebold .Allegion ADT  
Rev Chg LTM8.1%3.7%5.4%10.6%2.1%5.4%
Rev Chg 3Y Avg5.1%2.5%-6.0%6.6%5.5%
Rev Chg Q7.1%0.1%1.7%12.7%2.0%2.0%
QoQ Delta Rev Chg LTM1.7%0.0%0.4%3.1%0.5%0.5%
Op Inc Chg LTM19.6%6.5%45.7%9.5%-0.3%9.5%
Op Inc Chg 3Y Avg11.2%19.0%-9.6%7.6%10.4%
Op Mgn LTM10.3%11.5%7.0%20.8%25.0%11.5%
Op Mgn 3Y Avg10.1%9.8%-20.7%25.0%15.4%
QoQ Delta Op Mgn LTM-0.3%0.8%0.2%0.2%-0.6%0.2%
CFO/Rev LTM10.2%6.3%7.1%17.9%41.8%10.2%
CFO/Rev 3Y Avg11.2%6.8%-18.0%39.6%14.6%
FCF/Rev LTM7.2%2.8%5.5%15.6%31.2%7.2%
FCF/Rev 3Y Avg7.2%3.2%-15.6%26.7%11.4%

Valuation

BCONATLDBDALLEADTMedian
NameBrink's NCR Atle.Diebold .Allegion ADT  
Mkt Cap4.63.42.413.95.64.6
P/S0.80.80.63.21.10.8
P/Op Inc8.16.88.815.64.48.1
P/EBIT8.07.09.515.64.48.0
P/E25.517.521.621.19.221.1
P/CFO8.212.38.818.12.68.8
Total Yield4.8%5.7%4.6%6.0%14.1%5.7%
Dividend Yield0.9%0.0%0.0%1.3%3.2%0.9%
FCF Yield 3Y Avg9.1%6.0%-5.3%22.3%7.6%
D/E1.00.90.40.11.40.9
Net D/E0.60.70.30.11.40.6

Returns

BCONATLDBDALLEADTMedian
NameBrink's NCR Atle.Diebold .Allegion ADT  
1M Rtn-9.0%-2.9%-19.7%16.0%7.0%-2.9%
3M Rtn6.6%3.8%-5.9%25.0%6.8%6.6%
6M Rtn-14.2%10.1%-13.9%0.9%-5.1%-5.1%
12M Rtn2.2%23.6%14.0%-1.6%-12.0%2.2%
3Y Rtn58.4%117.5%248.0%57.4%27.7%58.4%
1M Excs Rtn-11.4%-6.0%-23.2%1.4%4.6%-6.0%
3M Excs Rtn3.5%0.5%-6.5%21.6%3.2%3.2%
6M Excs Rtn-25.3%-1.0%-25.0%-10.2%-16.2%-16.2%
12M Excs Rtn-17.6%2.1%-4.7%-22.3%-32.8%-17.6%
3Y Excs Rtn-15.6%43.2%185.5%-16.8%-49.1%-15.6%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Cash and Valuables Management3,7993,8003,8633,7923,670
Digital Retail Solutions (DRS) and Automated Teller Machines Managed Services(AMS)1,4621,2121,012743530
Total5,2615,0124,8754,5364,200


Operating Income by Segment
$ Mil20162015201420132012
Global Markets160    
Largest 5 Markets102    
Venezuela operations16    
Foreign currency transaction losses4    
Payment Services2    
Reconciliation of segment policies to GAAP-2    
Acquisitions and dispositions-16    
Reorganization and Restructuring-30    
U.S. and Mexican retirement plans-32    
General, administrative and other expenses-60    
Asia 2923  
Brazil 2434  
Canada 1113  
EMEA 365282 
France 3539  
Latin America 7691150 
Mexico 2410  
PaymentServices -7-5  
Reconciling Items -185-308  
U.S. 1523  
Asia Pacific   17 
Non-segment   -81-89
North America   532
International    228
Total14457-28172171


Assets by Segment
$ Mil20162015201420132012
Largest 5 Markets1,059    
Global Markets508    
Corporate items321    
Payment Services56    
Venezuela51    
Asia 100109  
Brazil 110165  
Canada 8192  
EMEA 275308673 
France 240245  
Latin America 1552961,044 
Mexico 229259  
PaymentServices 5364  
Reconciling Items 379327  
U.S. 325327  
Asia Pacific   108 
Non-segment   247365
North America   427480
International    1,708
Total1,9951,9472,1922,4982,554


Price Behavior

Price Behavior
Market Price$111.43 
Market Cap ($ Bil)4.6 
First Trading Date01/03/1996 
Distance from 52W High-17.4% 
   50 Days200 Days
DMA Price$108.87$112.31
DMA Trendindeterminateup
Distance from DMA2.4%-0.8%
 3M1YR
Volatility31.3%32.6%
Downside Capture-21.3797.65
Upside Capture10.8678.37
Correlation (SPY)-2.2%32.1%
BCO Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta-0.75-0.070.330.770.920.92
Up Beta-0.84-0.710.390.710.860.72
Down Beta-0.130.710.590.720.930.87
Up Capture86%27%43%63%106%119%
Bmk +ve Days11223567138427
Stock +ve Days14223053119384
Down Capture-302%-64%-3%97%89%102%
Bmk -ve Days11212859114326
Stock -ve Days8213372131367

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BCO
BCO2.4%32.5%0.11-
Sector ETF (XLI)20.5%17.1%0.9231.7%
Equity (SPY)21.1%12.9%1.2231.9%
Gold (GLD)37.5%28.8%1.109.2%
Commodities (DBC)43.2%20.2%1.66-11.7%
Real Estate (VNQ)12.9%13.8%0.6438.2%
Bitcoin (BTCUSD)-35.4%43.5%-0.8823.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BCO
BCO8.6%31.1%0.30-
Sector ETF (XLI)13.1%17.6%0.5749.4%
Equity (SPY)12.9%17.2%0.5748.3%
Gold (GLD)20.6%18.6%0.906.4%
Commodities (DBC)10.4%19.6%0.414.7%
Real Estate (VNQ)2.3%18.9%0.0243.2%
Bitcoin (BTCUSD)9.1%52.7%0.3619.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BCO
BCO12.7%37.0%0.43-
Sector ETF (XLI)13.8%20.0%0.6055.8%
Equity (SPY)15.2%17.9%0.7252.0%
Gold (GLD)12.7%16.2%0.642.9%
Commodities (DBC)8.0%18.0%0.3615.9%
Real Estate (VNQ)5.0%20.7%0.2048.3%
Bitcoin (BTCUSD)62.2%66.1%1.0210.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity4.7 Mil
Short Interest: % Change Since 7152026-3.0%
Average Daily Volume0.6 Mil
Days-to-Cover Short Interest7.3 days
Basic Shares Quantity41.4 Mil
Short % of Basic Shares11.2%

Earnings Returns History

Updated 7/24/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/26/2026-13.9%-9.4%-25.7%
11/5/20257.5%6.4%10.2%
8/6/202512.8%22.8%28.2%
5/12/2025-4.8%-8.5%-10.1%
2/26/20251.9%-8.6%-7.8%
11/6/2024-1.2%-7.0%-10.0%
8/7/2024-6.6%-4.7%5.5%
2/29/20244.2%6.0%16.3%
...
SUMMARY STATS   
# Positive141214
# Negative8108
Median Positive4.5%5.5%12.7%
Median Negative-5.3%-4.8%-6.0%
Max Positive25.5%22.8%57.7%
Max Negative-13.9%-9.4%-25.7%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/26/2026-13.9%-9.4%-25.7%
11/5/20257.5%6.4%10.2%
8/6/202512.8%22.8%28.2%
5/12/2025-4.8%-8.5%-10.1%
2/26/20251.9%-8.6%-7.8%
11/6/2024-1.2%-7.0%-10.0%
8/7/2024-6.6%-4.7%5.5%
2/29/20244.2%6.0%16.3%
11/7/20236.4%4.2%17.8%
8/9/2023-5.3%-0.5%3.5%
5/10/20234.7%3.9%14.7%
2/22/202312.6%5.6%-0.4%
10/26/2022-6.6%-0.0%1.1%
8/3/20221.9%2.3%0.5%
5/10/20222.3%0.5%11.1%
2/23/20222.1%-0.2%-4.2%
10/27/202111.5%15.2%14.3%
7/22/2021-5.3%-1.9%-1.9%
4/28/20211.3%2.3%-0.9%
1/21/20212.0%-5.0%0.1%
10/29/2020-2.2%5.5%57.7%
7/29/202025.5%15.3%22.9%
SUMMARY STATS   
# Positive141214
# Negative8108
Median Positive4.5%5.5%12.7%
Median Negative-5.3%-4.8%-6.0%
Max Positive25.5%22.8%57.7%
Max Negative-13.9%-9.4%-25.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/06/202610-Q
12/31/202502/26/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/12/202510-Q
12/31/202402/26/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/29/202410-K
09/30/202311/07/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/01/202310-K
09/30/202210/26/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/06/202610-Q
12/31/202502/26/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/12/202510-Q
12/31/202402/26/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/29/202410-K
09/30/202311/07/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/01/202310-K
09/30/202210/26/202210-Q
06/30/202208/03/202210-Q
03/31/202205/10/202210-Q
12/31/202102/28/202210-K
09/30/202110/29/202110-Q
06/30/202107/27/202110-Q
03/31/202104/28/202110-Q
12/31/202003/01/202110-K
09/30/202010/29/202010-Q
06/30/202007/29/202010-Q
03/31/202005/08/202010-Q
12/31/201902/28/202010-K
09/30/201910/23/201910-Q

Recent Forward Guidance

Updated 7/27/2026

Latest: Q4 2025 Earnings Reported 2/26/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue1.33 Bil1.36 Bil1.40 Bil0.7% Higher NewActual: 1.35 Bil for Q4 2025
Q1 2026 Non-GAAP Adjusted EBITDA220.00 Mil230.00 Mil240.00 Mil-17.0% Lower NewActual: 277.00 Mil for Q4 2025
Q1 2026 Non-GAAP EPS1.51.71.9-31.5% Lower NewActual: 2.48 for Q4 2025
2026 Organic Revenue Growth4.0%5.0%  0Same NewActual: 5.0% for 2025
2026 AMS/DRS Organic Revenue Growth15.0%17.5%  0Same NewActual: 17.5% for 2025
2026 Adjusted EBITDA Margin Expansion0.3%0.4%  0Same NewActual: 0.4% for 2025
2026 Free Cash Flow Conversion0.40.42  0Same NewActual: 0.42 for 2025

Prior: Q3 2025 Earnings Reported 11/5/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Revenue1.33 Bil1.35 Bil1.38 Bil1.9% Higher NewGuidance: 1.33 Bil for Q3 2025
Q4 2025 Non-GAAP Adjusted EBITDA267.00 Mil277.00 Mil287.00 Mil10.8% Higher NewGuidance: 250.00 Mil for Q3 2025
Q4 2025 Non-GAAP EPS2.282.482.6821.0% Higher NewGuidance: 2.05 for Q3 2025
2025 Organic Revenue Growth 5.0%  0.0%AffirmedGuidance: 5.0% for 2025
2025 AMS/DRS Organic Revenue Growth 17.5%  0.0%AffirmedGuidance: 17.5% for 2025
2025 Adjusted EBITDA Margin Expansion0.3%0.4%0.5% 0.0%AffirmedGuidance: 0.4% for 2025
2025 Free Cash Flow Conversion0.40.420.45 0.0%AffirmedGuidance: 0.42 for 2025
2025 Free Cash Flow Returned to Shareholders 0.5  0.0%AffirmedGuidance: 0.5 for 2025

Insider Activity

Updated 8/4/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Sweeney, Michael EControllerDirectSell12162025119.501,418169,447687,706Form
2Castillo, Daniel JEVPDirectSell8182025109.7021,7002,380,5582,434,093Form
3Sweeney, Michael EControllerDirectSell8152025115.0074685,790895,275Form
4Parker, Arthelbert Louis DirectSell8152025115.0054062,100759,345Form
5Sweeney, Michael EControllerDirectSell8152025110.0079587,450938,410Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Sweeney, Michael EControllerDirectSell12162025119.501,418169,447687,706Form
2Castillo, Daniel JEVPDirectSell8182025109.7021,7002,380,5582,434,093Form
3Sweeney, Michael EControllerDirectSell8152025115.0074685,790895,275Form
4Parker, Arthelbert Louis DirectSell8152025115.0054062,100759,345Form
5Sweeney, Michael EControllerDirectSell8152025110.0079587,450938,410Form
6Wyche, Keith R DirectSell8122025106.1547550,421390,844Form
7Sweeney, Michael EControllerDirectSell8082025103.751,000103,750967,572Form
8Sweeney, Michael EControllerDirectSell808202599.051,314130,1501,022,777Form
9Sweeney, Michael EControllerDirectSell808202595.0048846,3601,105,800Form

Investor Activity (13F)

Updated Aug 22, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Simcoe Capital Management, LLC$60.9 Mil11.3%14Hold13F
Fourth Sail Capital LP$43.1 Mil7.1%25New13F
Engine Capital Management, LP$56.9 Mil6.9%26ADD +1237.6%13F
Lodge Hill Capital, LLC$32.6 Mil6.3%22TRIM -7.4%13F
Southernsun Asset Management, LLC$32.8 Mil4.8%31TRIM -23.9%13F
Alta Fox Capital Management, LLC$11.6 Mil3.1%9New13F
Turtle Creek Asset Management Inc.$5.8 Mil0.2%39ADD +82.6%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Fourth Sail Capital LP$43.1 Mil7.1%25New13F
Alta Fox Capital Management, LLC$11.6 Mil3.1%9New13F
Engine Capital Management, LP$56.9 Mil6.9%26ADD +1237.6%13F
Turtle Creek Asset Management Inc.$5.8 Mil0.2%39ADD +82.6%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Southernsun Asset Management, LLC$32.8 Mil4.8%31TRIM -23.9%13F
Lodge Hill Capital, LLC$32.6 Mil6.3%22TRIM -7.4%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Simcoe Capital Management, LLC$60.9 Mil11.3%14Hold13F
Engine Capital Management, LP$56.9 Mil6.9%26ADD +1237.6%13F
Fourth Sail Capital LP$43.1 Mil7.1%25New13F
Southernsun Asset Management, LLC$32.8 Mil4.8%31TRIM -23.9%13F
Lodge Hill Capital, LLC$32.6 Mil6.3%22TRIM -7.4%13F
Alta Fox Capital Management, LLC$11.6 Mil3.1%9New13F
Turtle Creek Asset Management Inc.$5.8 Mil0.2%39ADD +82.6%13F
Core Cache Last Updated: 8/21/2026