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BC

Brunswick Corporation

BC

Brunswick Corporation • NYSE
$66.11 ▼ -0.69% (-0.46)
Market Cap $4.30 B
52w High $81.13
52w Low $41.00
Dividend Yield 1.72%
P/E -19.5
Volume 282.43K
Outstanding Shares 65.04M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.36B ▼ $593M ▲ $-235.5M ▼ -17.314% ▼ $-3.56 ▼ $-165.6M ▼
Q2-2025 $1.447B ▲ $266.4M ▲ $59.3M ▲ 4.098% ▲ $0.9 ▲ $178.4M ▲
Q1-2025 $1.222B ▲ $247.6M ▼ $20.2M ▲ 1.653% ▲ $0.31 ▲ $127.9M ▲
Q4-2024 $1.155B ▼ $308.9M ▲ $-82.5M ▼ -7.143% ▼ $-1.24 ▼ $23.1M ▼
Q3-2024 $1.273B $234.6M $44.6M 3.503% $0.67 $175.1M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $298.5M ▼ $5.413B ▼ $3.78B ▼ $1.634B ▼
Q2-2025 $316.5M ▲ $5.794B ▼ $3.889B ▼ $1.905B ▲
Q1-2025 $287.5M ▲ $5.857B ▲ $3.985B ▲ $1.872B ▼
Q4-2024 $269.8M ▼ $5.678B ▼ $3.785B ▼ $1.892B ▼
Q3-2024 $284.9M $6.024B $3.989B $2.034B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-234.3M ▼ $140.4M ▼ $-27.5M ▲ $-132.2M ▲ $-18.3M ▼ $106.5M ▼
Q2-2025 $59.6M ▲ $316.2M ▲ $-35M $-258.9M ▼ $29.2M ▲ $271.3M ▲
Q1-2025 $20.2M ▲ $-27.4M ▼ $-35M ▼ $77.9M ▲ $18.8M ▲ $-65.1M ▼
Q4-2024 $-71.2M ▼ $306.4M ▲ $-14.9M ▼ $-295.7M ▲ $-15M ▲ $276.1M ▲
Q3-2024 $47.3M $67.4M $22M $-304.2M $-209.8M $31.4M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Boat
Boat
 $350.00M ▲$370.00M ▲$410.00M ▲$360.00M ▼
Navico Group
Navico Group
 $260.00M ▲$210.00M ▼$180.00M ▼$170.00M ▼
Parts and Accessories
Parts and Accessories
 $230.00M ▲$250.00M ▲$340.00M ▲$360.00M ▲
Propulsion
Propulsion
 $400.00M ▲$410.00M ▲$530.00M ▲$470.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Brunswick’s results show a classic cycle: strong growth and high profits coming out of the pandemic, followed by a clear cooling-off more recently. Revenue climbed sharply through 2021 and 2022, then pulled back in 2023 and again in 2024, suggesting softer demand for boats and marine products. Profitability followed the same pattern: margins were healthiest in the middle of the period and have compressed as sales slowed and costs likely stayed sticky. Earnings per share are now far below the peak years, but the business remains profitable, not loss-making. Overall, this is a picture of a cyclical company coming off a boom period and adjusting to a more normal, slower environment.

Balance Sheet

Balance Sheet The balance sheet has grown compared with a few years ago, reflecting acquisitions and investment, but it is also carrying more debt. Total assets and equity have trended upward, so the company is larger and has built some additional book value over time. However, debt has risen much faster than equity since 2020, meaning the business is more leveraged and more sensitive to interest costs and economic swings. Cash on hand is modest relative to the size of the business, so Brunswick leans more on ongoing cash generation and credit access than on a large cash cushion. In short, the balance sheet is solid but clearly more geared than it used to be, which raises the importance of steady cash flow.

Cash Flow

Cash Flow Brunswick consistently generates positive cash from its operations, which is a fundamental strength. Operating cash flow has been healthy across the last five years, though it has eased back from the strongest years as profits softened. Free cash flow has remained positive each year, even after funding capital spending, but it has been quite up and down, reflecting shifts in demand, working capital, and investment timing. The company continues to invest meaningfully in its facilities and products, indicating a willingness to reinvest through the cycle rather than pull back sharply. Overall, cash generation looks solid, but with some volatility tied to the inherently cyclical nature of the marine market.

Competitive Edge

Competitive Edge Brunswick operates from a strong competitive base in the marine world. It owns several of the best-known brands in engines and boats, and it pairs them with an extensive dealer and service network, which helps keep customers in its ecosystem for a long time. Its vertical integration—engines, boats, electronics, and software working together—is a key advantage, making it harder for rivals to match the full package. The Freedom Boat Club adds another layer: a recurring, membership-based model that introduces new people to boating and to Brunswick’s brands without requiring ownership. Against this, the company still faces classic industry risks: demand depends heavily on consumer confidence, discretionary spending, and credit conditions, so its strong position does not eliminate exposure to downturns, it just helps it compete better when they arrive.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic focus. Brunswick’s ACES framework—autonomy, connectivity, electrification, and shared access—shows a deliberate push to modernize boating. Efforts such as assisted and autonomous docking, connected apps that monitor boats in real time, and electric outboard engines all aim to make boating easier, safer, and greener. The Freedom Boat Club fits this by broadening access and building a user base that experiences these technologies firsthand. The company is also experimenting with AI-based “co‑captain” features and higher-power electric systems, which, if executed well, could deepen its differentiation. The main risks are execution and adoption: these projects require sustained spending, and it is not yet clear how quickly customers and regulators will embrace advanced autonomy and full electrification on the water.

Summary

Brunswick today looks like a market leader navigating a cyclical slowdown. Financially, it is coming off unusually strong years and now faces softer sales and slimmer margins, but it remains profitable and cash generative. The balance sheet supports this, though the higher debt load compared with earlier years makes consistent performance more important. Strategically, Brunswick benefits from strong brands, integrated products, and a growing shared-access platform, all underpinned by a clear innovation roadmap. The key things to watch going forward are how demand for recreational boating holds up in a tougher economic backdrop, how effectively the company manages its leverage, and whether its bets on autonomy, connectivity, electrification, and boat sharing translate into durable, higher-quality earnings over time.

NEWS

November 26, 2025 · 11:21 AM UTC

Brunswick Corporation Announces Pricing of Cash Tender Offer for an Aggregate Principal Amount of up to $100,000,000 of Outstanding 5.100% Senior Notes due 2052

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November 26, 2025 · 8:30 AM UTC

Brunswick Corporation Announces Early Results and Increase of Cash Tender Offer of Outstanding 5.100% Senior Notes due 2052

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November 21, 2025 · 3:02 AM UTC

Makenita Resources Closes Acquisition of the "Sisson West Tungsten Project" in New Brunswick and the "NTX Rare Earth Project in Quebec"

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November 19, 2025 · 11:00 AM UTC

Brunswick Corporation Named to Forbes 2026 America's Best Companies List

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November 17, 2025 · 5:00 AM UTC

Brunswick Exploration Drills 47.2 Meters at 1.66% Li2O Within 120.7 Meters at 1.31% Li2O

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