Value Investor
Start free

Brunswick

BC on NYSE. Brunswick sells boat engines, boats, parts, and boat club memberships to boaters. Market value $4.2bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Good business, but not cheap right now

Why it could be worth it

What to watch out for

See cheaper Retail & consumer stocks on the list

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
8.1%high

For every $100 of what the whole company costs, it produced $8.10 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
14.3%five-year median

Each dollar kept in the business earns 14 cents a year. Above 10 is good.

Quality score: 86 of 100. Price score: 33 of 100. Our list needs 70 on quality and 60 on price.

$64.98 a share, 11% above its 1-year low

Over the past year the price has ranged from $58.56 to $90.25.

Dividend: 2.7% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.3
0.2
0.4
0.3
0.4
0.3
2021202220232024202512 monthsto Jun '26
Revenue
$5.8bn$6.8bn$6.4bn$5.2bn$5.4bn
Operating margin
13.9%13.9%11.5%5.9%-0.8%
Debt to equity
0.951.231.161.321.48
Shares outstanding
0.07bn0.07bn0.07bn0.07bn0.06bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Nothing unusual
  • Financial strength (Piotroski)5 of 9
  • Profit backed by cash (accruals)No
  • Debt1.48× equity
  • Revenue growth, five yearsSlow, 4.3% a year
  • Buying back its own sharesYes, 11% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $1.6 billion last quarter, up 8% on a year ago.
  • Profit: $110 million, up 85% on a year ago.
  • It keeps 0 cents of each $1 of sales as operating profit, down from 4 cents a year earlier.
  • Spare cash over the past 12 months: $341 million, down from $514 million.
  • 1% fewer shares than a year ago. Each share owns a bit more of the company.
  • Debt is $2.1 billion more than cash, about the same as a year ago.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$1.3bn
December 2024$1.2bn
March 2025$1.2bn
June 2025$1.4bn
September 2025$1.4bn
December 2025$1.3bn
March 2026$1.4bn
June 2026$1.6bn
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$45m
December 2024-$83m
March 2025$20m
June 2025$59m
September 2025-$236m
December 2025$19m
March 2026$21m
June 2026$110m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
13 February 2026
Next quarterly (estimated, 10-Q)
4 November 2026

Who owns it

7 long-term investors we follow own it, unchanged from 7 last quarter. 470 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 4 sold $7m, $63,323 of it under preset trading plans.

  • COOPER NANCY E
    Director
    Sold
    under a preset trading plan
    Date
    3 August 2026
    Shares
    206
    Price
    $78.45
    Value
    $16,161
  • FOULKES DAVID M
    Chief Executive Officer
    Sold
    Date
    26 May 2026
    Shares
    25,853
    Price
    $83.12
    Value
    $2m
  • COOPER NANCY E
    Director
    Sold
    under a preset trading plan
    Date
    1 May 2026
    Shares
    194
    Price
    $79.36
    Value
    $15,396
  • COOPER NANCY E
    Director
    Sold
    under a preset trading plan
    Date
    19 February 2026
    Shares
    192
    Price
    $87.64
    Value
    $16,827
  • Gwillim Ryan M
    E.V.P. , CFO, CSO
    Sold
    Date
    17 February 2026
    Shares
    12,785
    Price
    $87.23
    Value
    $1m
  • Dekker Christopher F
    E.V.P. GEN COUNSEL & SECRETARY
    Sold
    Date
    6 February 2026
    Shares
    4,981
    Price
    $87.38
    Value
    $435,240
  • FOULKES DAVID M
    Chief Executive Officer
    Sold
    Date
    5 February 2026
    Shares
    38,266
    Price
    $86.56
    Value
    $3m
  • COOPER NANCY E
    Director
    Sold
    under a preset trading plan
    Date
    3 November 2025
    Shares
    233
    Price
    $64.12
    Value
    $14,940

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 13 Feb 2026, plus the 10-Q filed 5 Aug 2026 and 3 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
Create a free account to run it

Your first deep dive is free.

What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.