Brown & Brown annual debt-to-equity ratio
2009
2010
2011
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2013
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2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Brown & Brown Debt-to-Equity Ratio Growth & History (BRO)
Brown & Brown's debt-to-equity ratio was 0.63 for fiscal 2025.
View full Brown & Brown company overviewBrown & Brown annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.63 | −0.00 | −0.15% |
| 2024 | 2024-12-31 | 0.63 | −0.09 | −12.47% |
| 2023 | 2023-12-31 | 0.72 | −0.19 | −20.64% |
| 2022 | 2022-12-31 | 0.91 | 0.37 | +69.66% |
| 2021 | 2021-12-31 | 0.54 | −0.08 | −13.10% |
| 2020 | 2020-12-31 | 0.62 | 0.09 | +16.81% |
| 2019 | 2019-12-31 | 0.53 | −0.04 | −7.85% |
| 2018 | 2018-12-31 | 0.57 | 0.19 | +51.40% |
| 2017 | 2017-12-31 | 0.38 | −0.08 | −16.93% |
| 2016 | 2016-12-31 | 0.45 | −0.09 | −16.38% |
| 2015 | 2015-12-31 | 0.54 | −0.03 | −5.99% |
| 2014 | 2014-12-31 | 0.58 | 0.34 | +142.03% |
| 2013 | 2013-12-31 | 0.24 | −0.01 | −3.97% |
| 2012 | 2012-12-31 | 0.25 | 0.10 | +62.94% |
| 2011 | 2011-12-31 | 0.15 | −0.01 | −8.54% |
| 2010 | 2010-12-31 | 0.17 | −0.03 | −14.37% |
| 2009 | 2009-12-31 | 0.20 | — | — |
Brown & Brown quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.64 | −0.03 | −4.44% |
| Q1 2026 | 2026-03-31 | 0.64 | 0.05 | +9.05% |
| Q4 2025 | 2025-12-31 | 0.63 | −0.00 | −0.15% |
| Q3 2025 | 2025-09-30 | 0.65 | 0.06 | +9.89% |
| Q2 2025 | 2025-06-30 | 0.67 | −0.05 | −6.90% |
| Q1 2025 | 2025-03-31 | 0.59 | −0.12 | −16.83% |
| Q4 2024 | 2024-12-31 | 0.63 | −0.09 | −12.47% |
| Q3 2024 | 2024-09-30 | 0.59 | −0.17 | −22.09% |
| Q2 2024 | 2024-06-30 | 0.72 | −0.08 | −9.89% |
| Q1 2024 | 2024-03-31 | 0.71 | −0.15 | −17.41% |
| Q4 2023 | 2023-12-31 | 0.72 | −0.19 | −20.64% |
| Q3 2023 | 2023-09-30 | 0.76 | −0.25 | −24.99% |
| Q2 2023 | 2023-06-30 | 0.80 | −0.24 | −23.24% |
| Q1 2023 | 2023-03-31 | 0.86 | −0.01 | −1.17% |
| Q4 2022 | 2022-12-31 | 0.91 | 0.37 | +69.66% |
| Q3 2022 | 2022-09-30 | 1.01 | 0.46 | +83.24% |
| Q2 2022 | 2022-06-30 | 1.04 | 0.46 | +80.69% |
| Q1 2022 | 2022-03-31 | 0.87 | 0.27 | +45.48% |
| Q4 2021 | 2021-12-31 | 0.54 | −0.08 | −13.10% |
| Q3 2021 | 2021-09-30 | 0.55 | −0.08 | −12.37% |
| Q2 2021 | 2021-06-30 | 0.58 | 0.06 | +11.67% |
| Q1 2021 | 2021-03-31 | 0.60 | 0.09 | +18.03% |
| Q4 2020 | 2020-12-31 | 0.62 | 0.09 | +16.81% |
| Q3 2020 | 2020-09-30 | 0.63 | 0.09 | +16.42% |
| Q2 2020 | 2020-06-30 | 0.52 | −0.02 | −3.11% |
| Q1 2020 | 2020-03-31 | 0.51 | −0.04 | −7.37% |
| Q4 2019 | 2019-12-31 | 0.53 | −0.04 | −7.85% |
| Q3 2019 | 2019-09-30 | 0.54 | 0.25 | +83.82% |
| Q2 2019 | 2019-06-30 | 0.53 | 0.23 | +73.66% |
| Q1 2019 | 2019-03-31 | 0.55 | 0.20 | +55.90% |
| Q4 2018 | 2018-12-31 | 0.57 | 0.19 | +51.40% |
| Q3 2018 | 2018-09-30 | 0.29 | −0.10 | −25.70% |
| Q2 2018 | 2018-06-30 | 0.31 | −0.09 | −23.62% |
| Q1 2018 | 2018-03-31 | 0.35 | −0.09 | −20.09% |
| Q4 2017 | 2017-12-31 | 0.38 | −0.08 | −16.93% |
| Q3 2017 | 2017-09-30 | 0.39 | −0.08 | −17.46% |
| Q2 2017 | 2017-06-30 | 0.40 | −0.10 | −19.78% |
| Q1 2017 | 2017-03-31 | 0.44 | −0.08 | −15.29% |
| Q4 2016 | 2016-12-31 | 0.45 | −0.09 | −16.38% |
| Q3 2016 | 2016-09-30 | 0.48 | −0.05 | −9.84% |
| Q2 2016 | 2016-06-30 | 0.50 | −0.05 | −9.49% |
| Q1 2016 | 2016-03-31 | 0.52 | −0.05 | −9.01% |
| Q4 2015 | 2015-12-31 | 0.54 | −0.03 | −5.99% |
| Q3 2015 | 2015-09-30 | 0.53 | −0.04 | −6.78% |
| Q2 2015 | 2015-06-30 | 0.55 | −0.01 | −2.17% |
| Q1 2015 | 2015-03-31 | 0.57 | 0.34 | +143.46% |
| Q4 2014 | 2014-12-31 | 0.58 | 0.34 | +142.03% |
| Q3 2014 | 2014-09-30 | 0.57 | 0.32 | +133.01% |
| Q2 2014 | 2014-06-30 | 0.56 | 0.33 | +138.53% |
| Q1 2014 | 2014-03-31 | 0.23 | −0.01 | −3.41% |
| Q4 2013 | 2013-12-31 | 0.24 | −0.01 | −3.97% |
| Q3 2013 | 2013-09-30 | 0.24 | −0.01 | −3.99% |
| Q2 2013 | 2013-06-30 | 0.24 | −0.03 | −9.80% |
| Q1 2013 | 2013-03-31 | 0.24 | −0.03 | −9.48% |
| Q4 2012 | 2012-12-31 | 0.25 | 0.10 | +62.94% |
| Q3 2012 | 2012-09-30 | 0.25 | 0.10 | +63.72% |
| Q2 2012 | 2012-06-30 | 0.26 | 0.10 | +63.92% |
| Q1 2012 | 2012-03-31 | 0.27 | 0.10 | +64.37% |
| Q4 2011 | 2011-12-31 | 0.15 | −0.01 | −8.54% |
| Q3 2011 | 2011-09-30 | 0.16 | −0.01 | −8.54% |
| Q2 2011 | 2011-06-30 | 0.16 | −0.02 | −9.97% |
| Q1 2011 | 2011-03-31 | 0.16 | — | — |
| Q4 2010 | 2010-12-31 | 0.17 | −0.03 | −14.37% |
| Q3 2010 | 2010-09-30 | 0.17 | — | — |
| Q2 2010 | 2010-06-30 | 0.18 | — | — |
| Q4 2009 | 2009-12-31 | 0.20 | — | — |
Brown & Brown debt-to-equity ratio trends
Over the last five fiscal years, Brown & Brown's debt-to-equity ratio increased from 0.62 to 0.63, a change of 0.01. The latest reported quarter, Q2 2026, shows 0.64.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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