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BCO

The Brink's Company

BCO

The Brink's Company • NYSE
$112.33 ▲ 0.55% (+0.61)
Market Cap $4.67 B
52w High $118.60
52w Low $80.10
Dividend Yield 1.01%
P/E 28.58
Volume 117.11K
Outstanding Shares 41.55M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.335B ▲ $192.2M ▲ $36.3M ▼ 2.719% ▼ $0.87 ▼ $232.1M ▲
Q2-2025 $1.3B ▲ $189.9M ▲ $43.7M ▼ 3.36% ▼ $1.03 ▼ $200.1M ▲
Q1-2025 $1.247B ▼ $188.1M ▼ $51.6M ▲ 4.139% ▲ $1.2 ▲ $198.7M ▲
Q4-2024 $1.264B ▲ $225.2M ▲ $38.5M ▲ 3.045% ▲ $0.87 ▲ $189.9M ▼
Q3-2024 $1.258B $203.3M $28.9M 2.296% $0.66 $196.9M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.802B ▲ $6.953B ▼ $6.556B ▼ $268.5M ▲
Q2-2025 $1.377B ▲ $7.086B ▲ $6.701B ▲ $254.6M ▲
Q1-2025 $1.226B ▼ $6.584B ▼ $6.255B ▼ $205.8M ▲
Q4-2024 $1.395B ▲ $6.623B ▼ $6.311B ▲ $184.9M ▼
Q3-2024 $1.226B $6.671B $6.263B $277.1M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $37.6M ▼ $122.1M ▼ $-42M ▲ $-178M ▼ $-100.2M ▼ $77.4M ▼
Q2-2025 $47.4M ▼ $204M ▲ $-108.9M ▼ $86M ▲ $261.8M ▲ $152.2M ▲
Q1-2025 $53.9M ▲ $-60.2M ▼ $-48.7M ▼ $-124.1M ▼ $-200.1M ▼ $-119.1M ▼
Q4-2024 $40.8M ▲ $369.8M ▲ $-34.8M ▲ $-57.3M ▼ $201.6M ▲ $307.2M ▲
Q3-2024 $31.9M $58.4M $-65M $400K $20.8M $7.4M

Revenue by Products

Product Q4-2022Q1-2023Q2-2023Q4-2023
EuropeSegment
EuropeSegment
 $260.00M ▲$270.00M ▲$290.00M ▲$580.00M ▲
LatinAmericaSegment
LatinAmericaSegment
 $310.00M ▲$320.00M ▲$330.00M ▲$680.00M ▲
NorthAmericaSegment
NorthAmericaSegment
 $410.00M ▲$400.00M ▼$400.00M ▲$800.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Brink’s has grown its revenue steadily over the past five years, showing a clear upward trend rather than big swings. Profitability has also improved: gross profit and operating profit have both moved higher, reflecting better scale and more efficient operations. Net income, however, has been a bit uneven. Some years show strong earnings, others dip, which suggests the business can still be affected by one-off items, restructuring, interest costs, or volatile regions. Overall, the direction is positive — higher sales and better margins — but the bottom line is not yet consistently smooth year after year.

Balance Sheet

Balance Sheet The balance sheet shows a business that has grown in size but leans heavily on debt to do so. Total assets and cash balances have increased, which is a strength, but debt has risen as well and now represents a large portion of the capital structure. Equity is relatively thin compared with the size of the company, which can come from a mix of past buybacks, goodwill from acquisitions, and steady use of borrowing. This structure can amplify returns in good times but also increases financial risk if conditions worsen or interest costs rise.

Cash Flow

Cash Flow Brink’s consistently generates positive cash from its operations, which is a key strength for a service-heavy, asset-intensive business. Free cash flow has generally been positive as well, even after funding regular investment in equipment, technology, and infrastructure. That said, operating cash flow has not trended up as smoothly as revenue; it has bounced around from year to year. Capital spending has ticked higher as the company invests in digital solutions and its network. Overall, the company appears able to fund its investments and shareholder returns from internal cash, but with limited extra cushion in weaker years.

Competitive Edge

Competitive Edge Brink’s holds a strong position in secure logistics and cash management, backed by a long history, a trusted global brand, and operations in many countries. Its scale in armored transport, vaulting, and handling cash makes it difficult and costly for smaller competitors to match. The company’s moat is reinforced by customer trust, regulatory know‑how, and the fact that many clients prefer a single provider for sensitive security work. Bundling services — from moving cash to managing ATMs and providing digital cash solutions — increases switching costs and keeps customers tied in. The main competitive risks are continued price pressure, regional instability, and the broader shift away from physical cash in some markets, which Brink’s is trying to offset with new digital offerings.

Innovation and R&D

Innovation and R&D Brink’s is actively pushing beyond the traditional armored truck image into technology-enabled services. Its Digital Retail Solutions and ATM Managed Services are central to this shift, turning cash handling into a more software‑driven, data‑rich service with features like smart safes, real-time monitoring, cash forecasting, and quick crediting of deposits. The company is also building out offerings like Brink’s Complete and the BLUbeem brand for digital cash payments, aiming to integrate with retailers’ point‑of‑sale systems and bank partners. Partnerships with firms like Inauro and investment in ATM software specialist KAL show that Brink’s is leaning on external technology expertise rather than relying only on in‑house development. The key question is execution: how quickly these higher‑margin digital services can scale and how well they can offset any long-term decline in physical cash volumes.

Summary

Overall, Brink’s is a mature security and cash‑management business that has successfully grown revenue and improved operating profitability over the past five years, while generating positive free cash flow. Its brand, global footprint, and integrated service offerings give it a meaningful competitive edge in a niche where trust and scale matter. At the same time, the company carries a heavy debt load and relatively small equity base, which raises financial sensitivity to interest rates and downturns. Earnings and cash flows, while positive, have shown some volatility from year to year. The strategic pivot toward digital and outsourced cash solutions — particularly in retail and ATM management — is the main opportunity. If Brink’s can continue shifting its mix toward these higher‑margin, tech‑enabled services while managing leverage and execution risks, it could gradually transform from a traditional armored carrier into a broader, more resilient payments‑infrastructure provider. Uncertainty remains around the speed of this transformation and the long‑term impact of declining cash usage in some economies.

NEWS

November 5, 2025 · 7:00 AM UTC

Brink's Delivers Strong Third-Quarter Results

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October 15, 2025 · 7:30 AM UTC

Brink's Schedules Third-Quarter 2025 Earnings Release and Conference Call for November 5, 2025

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September 17, 2025 · 5:48 PM UTC

Brink's Declares Quarterly Dividend

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