Tearsheet

Brunswick (BC)


Market Price (9/17/2025): $65.62 | Market Cap: $4.3 Bil
Sector: Consumer Discretionary | Industry: Leisure Products

Brunswick (BC)


Market Price (9/17/2025): $65.62
Market Cap: $4.3 Bil
Sector: Consumer Discretionary
Industry: Leisure Products

Investment Highlights

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%
Weak multi-year price returns
2Y Excs Rtn is -59%, 3Y Excs Rtn is -69%
Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 104x
1 Attractive yield
Dividend Yield is 2.6%, FCF Yield is 12%
  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.9%
2 Low stock price volatility
Vol 12M is 44%
  
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%
1 Attractive yield
Dividend Yield is 2.6%, FCF Yield is 12%
2 Low stock price volatility
Vol 12M is 44%
3 Weak multi-year price returns
2Y Excs Rtn is -59%, 3Y Excs Rtn is -69%
4 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 104x
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.9%

Market Valuation

 9/17/252024202320222021
Share Price CYE$65.62$63.72$93.36$68.20$93.21
Market Cap CYE ($ Bil)4.34.26.44.97.2
Total Debt ($ Bil)2.42.52.62.61.9
Total Cash ($ Bil)0.30.30.50.60.4
Enterprise Value ($ Bil)6.46.79.07.59.1
Valuation Ratios     
P/S TTM0.80.81.10.81.3
P/EBIT TTM20.413.29.25.79.8
P/E TTM104.133.416.28.013.2
Sector Ratios     
P/S TTM (Sector)0.80.80.90.81.3
P/EBIT TTM (Sector)7.26.97.05.57.4
P/E TTM (Sector)9.78.18.97.39.2
 9/17/2520242023
Share Price CYE$65.62$63.72$93.36
Market Cap CYE ($ Bil)4.34.26.4
Total Debt ($ Bil)2.42.52.6
Total Cash ($ Bil)0.30.30.5
Enterprise Value ($ Bil)6.46.79.0
Valuation Ratios   
P/S TTM0.80.81.1
P/EBIT TTM20.413.29.2
P/E TTM104.133.416.2
Sector Ratios   
P/S TTM (Sector)0.80.80.9
P/EBIT TTM (Sector)7.26.97.0
P/E TTM (Sector)9.78.18.9

Business Description

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through Propulsion; Parts & Accessories; and Boat segments. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
BC Return29%34%-27%37%-32%3%21%
Peers Return21%23%-25%28%-5%11%50%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HAS, THO, MAT, GOLF, BC. See BC Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)

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Financials

BCHASTHOMATGOLFMedian
NameBrunswickHasbro Thor Ind.Mattel Acushnet  
Mkt Price65.6274.69105.8717.3874.6574.65
Mkt Cap4.310.55.65.64.55.6
Rev LTM5,0974,2519,5905,3362,4905,097
Op Inc LTM312794331672301331
FCF LTM51450053953097514
FCF 3Y Avg387470565572122470
CFO LTM663692657743175663
CFO 3Y Avg631669733754224669

Growth & Margins

BCHASTHOMATGOLFMedian
NameBrunswickHasbro Thor Ind.Mattel Acushnet  
Rev Chg LTM-11.6%-6.5%-6.4%-1.7%3.8%-6.4%
Rev Chg 3Y Avg-6.9%-13.0%-15.5%-2.6%4.1%-6.9%
Rev Chg Q0.2%-1.5%3.3%-5.7%5.4%0.2%
QoQ Delta Rev Chg LTM0.1%-0.3%1.0%-1.1%1.5%0.1%
Op Mgn LTM6.1%18.7%3.5%12.6%12.1%12.1%
Op Mgn 3Y Avg10.2%10.7%4.7%11.0%12.4%10.7%
QoQ Delta Op Mgn LTM-1.1%-0.0%0.1%0.1%-0.0%-0.0%
CFO/Rev LTM13.0%16.3%6.9%13.9%7.0%13.0%
CFO/Rev 3Y Avg10.9%14.6%6.9%14.2%9.3%10.9%
FCF/Rev LTM10.1%11.8%5.6%9.9%3.9%9.9%
FCF/Rev 3Y Avg6.8%10.4%5.3%10.8%5.0%6.8%

Valuation

BCHASTHOMATGOLFMedian
NameBrunswickHasbro Thor Ind.Mattel Acushnet  
Mkt Cap4.310.55.65.64.55.6
P/S0.82.50.61.11.81.1
P/EBIT20.4-38.416.77.814.014.0
P/E104.1-18.425.310.719.519.5
P/CFO6.515.18.67.625.78.6
Total Yield3.5%-1.7%4.0%9.4%6.3%4.0%
Dividend Yield2.6%3.7%0.0%0.0%1.2%1.2%
FCF Yield 3Y Avg8.7%5.3%11.1%9.4%2.9%8.7%
D/E0.60.30.20.50.20.3
Net D/E0.50.30.10.30.20.3

Returns

BCHASTHOMATGOLFMedian
NameBrunswickHasbro Thor Ind.Mattel Acushnet  
1M Rtn3.7%-7.9%-1.5%-4.4%-4.2%-4.2%
3M Rtn19.3%10.7%24.8%-7.8%5.7%10.7%
6M Rtn15.8%25.9%31.1%-12.9%13.8%15.8%
12M Rtn-16.5%10.6%6.4%-8.6%14.8%6.4%
3Y Rtn-4.0%12.2%50.3%-16.8%62.0%12.2%
1M Excs Rtn1.3%-10.4%-3.9%-6.8%-6.7%-6.7%
3M Excs Rtn5.5%-2.5%11.1%-19.6%-5.9%-2.5%
6M Excs Rtn-4.7%8.9%14.7%-30.2%-2.3%-2.3%
12M Excs Rtn-29.7%-3.4%-7.5%-24.2%-0.6%-7.5%
3Y Excs Rtn-68.7%-58.1%-23.9%-88.6%-7.8%-58.1%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Propulsion2,4062,4262,5051,878 
Boat1,9892,1191,7031,2501,334
Engine Parts and Accessories (Engine P&A)1,1931,3031,372  
Navico Group814965688  
Corporate/Other000  
Segment Eliminations  -422-290-299
Parts & Accessories   1,509 
Marine Engine    3,074
Total6,4016,8125,8464,3484,108


Operating Income by Segment
$ Mil20242023202220212020
Propulsion495523450286 
Engine Parts and Accessories (Engine P&A)217268282  
Boat1562131427058
Navico Group56853  
Corporate/Other-138-124-115-92-84
Segment Eliminations  0  
Parts & Accessories   275 
Marine Engine    497
Total735948813539471


Assets by Segment
$ Mil20242023202220212020
Navico Group2,074    
Propulsion1,649  962 
Boat875  488472
Engine Parts and Accessories (Engine P&A)856    
Corporate/Other777  820570
Parts & Accessories   1,501 
Marine Engine    2,522
Total6,231  3,7713,564


Price Behavior

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity5,912,348
Short Interest: % Change Since 81520253.4%
Average Daily Volume738,486
Days-to-Cover Short Interest8.01
Basic Shares Quantity66,000,000
Short % of Basic Shares9.0%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/24/2025-8.2%-8.5%-4.1%
4/24/20255.7%1.7%14.2%
1/30/20251.3%-2.3%-10.1%
10/24/20243.8%6.0%5.9%
7/25/20247.5%10.8%4.5%
4/25/2024-7.1%-6.7%-7.6%
2/1/20244.7%3.5%9.4%
10/26/2023-1.2%1.7%14.4%
...
SUMMARY STATS   
# Positive151615
# Negative878
Median Positive2.6%4.6%7.2%
Median Negative-3.3%-6.4%-5.8%
Max Positive7.5%11.4%18.7%
Max Negative-8.2%-8.5%-15.0%

SEC Filings

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Report DateFiling DateFiling
6302025730202510-Q 6/28/2025
3312025430202510-Q 3/29/2025
12312024214202510-K 12/31/2024
93020241030202410-Q 9/28/2024
6302024801202410-Q 6/29/2024
3312024502202410-Q 3/30/2024
12312023216202410-K 12/31/2023
93020231101202310-Q 9/30/2023
6302023803202310-Q 7/1/2023
3312023504202310-Q 4/1/2023
12312022216202310-K 12/31/2022
93020221101202210-Q 10/1/2022
6302022802202210-Q 7/2/2022
3312022510202210-Q 4/2/2022
12312021216202210-K 12/31/2021
93020211101202110-Q 10/2/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Dekker Christopher FE.V.P. GEN COUNSEL & SECRETARY6112025Sell58.472,092122,3192,599,927Form
1ALTMAN RANDALL SSVP and Controller2272025Sell63.213,417215,9891,686,632Form
2Preisser BrennaE.V.P. & President Boat Group2202025Sell64.881,600103,8084,260,151Form
3Fils-Aime Reginald 12052024Buy79.0122517,777576,299Form
4Dekker Christopher FE.V.P. GEN COUNSEL & SECRETARY11122024Sell83.712,000167,4203,323,036Form