BCOThe Brink's Company

$111.30+1.1% 1Y

Is the business good?

Mixed

The checks split: earnings fully cash-backed (1.7×) and margins widening, but returns that lean on debt.

2 good, 1 to watch, 1 without data
Profits arrive as cash1.66×derived · Jun 30, 2026

Operating profit is fully backed by cash.

Margin direction, 3 years+2.4 pts

Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.

Where ROE comes from25.9× leverage

Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 66% = margin × turnover × leverage.

Unless marked, from derived.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

FCF conversiontop 10% of the market
Leverage (Debt/EBITDA)behind 75% of the market

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

How good a business is BCO?

The Brink's Company earns 16% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

16%

Return on invested capital · cost of capital 9.0% · 6.7 points above what the capital costs: growth creates value

Operating margin
11%

Operating margin · Security & Protection Services median 16% · 12 months to Q2 2026

Cash conversion
1.66×

Cash conversion · operating cash flow covers the operating profit after tax

Share count, year on year
−2.1%

Share count, year on year · bought back, each share owns more of the company

Operating margin by fiscal year
YearOperating margin
FY20205.8%
FY20218.4%
FY20228.0%
FY20238.7%
FY20249.0%
FY202511%
Details›
Gross margin12 months to Q2 2026
26%
Operating margin12 months to Q2 2026
11%
Net margin12 months to Q2 2026
3.3%
Free cash flow margin
7.2%
Revenue, trailing twelve months
$5.48B
Free cash flow, trailing twelve months
$394M
Net income, trailing twelve months
$181M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
16%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.