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Provider of cash logistics services, including armored transport, ATM servicing and cash management for banks and retailers.
Provider of cash logistics services, including armored transport, ATM servicing and cash management for banks and retailers.
Charges for each route and service, such as armoured pickups, deliveries, cash counting and ATM replenishment, usually under multi-year contracts, so route density and pricing discipline decide profit. Its smart safes at retailers credit deposits to bank accounts quickly, and operations span many countries, including emerging markets.
Moat: narrow (scale, regulatory licence, installed base). Global armored logistics network and security licensing create high barriers versus regional competitors.
Headquarters: Richmond, Virginia · Founded: 1859 · Employees: 65,400
Size Brink's (BCO) is a United States Industrials company (Miscellaneous Commercial Services) with a market value of $4.54B, the 1250th largest of 3,117 United States companies the cockpit tracks. Shares closed at $110.25 on 6 Nov 2026.
Performance Over six months the shares gained 2.8%, against +12.6% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 7.3% over the last twelve months (peer median +6.3%); the operating margin is 9.6% (peer median 11.2%).
Valuation It trades at 11.8× forward earnings against a peer median of 14.7× (5th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.7 points above its cost of capital (7.5% WACC).
Credit Brink's has 3 bonds outstanding ($1.40B), rated BB by the agencies and trading like BB at a weighted spread of 179 bp.
Short interest Short interest is 13.2% of the free float (15 Oct 2026).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.52B | $5.26B | $5.01B | $4.87B | $4.54B |
| Revenue growth | — | +5% | +3% | +7% | — |
| Gross profit | $1.44B | $1.36B | $1.27B | $1.17B | $1.07B |
| EBITDA | $848M | $886M | $725M | $770M | $678M |
| Net income | $159M | $200M | $163M | $87.7M | $171M |
| Free cash flow | $369M | $436M | $204M | $500M | $297M |
| Capital expenditure | $160M | $203M | $222M | $203M | $183M |
| Total debt | $4.47B | $4.62B | $4.25B | $3.88B | $3.73B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Brink's BCO | $4.54B | +3% | +7% | 10% | 11.8× | 0.1% |
| Loomis LOOMIS.ST | $3.46B | +12% | +1% | 11% | 12.6× | -9.1% |
| Prosegur Cash CASH.MC | $1.09B | +5% | -5% | 11% | 9.6× | -13.0% |
| NCR Atleos NATL | $3.49B | +7% | +2% | 14% | 9.6× | -9.2% |
| Diebold Nixdorf DBD | $1.96B | -25% | +6% | 9% | 10.5× | -2.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BCO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.7% | +7.5% | 11th highest of 21 |
| 6-month return | +2.8% | +12.6% | 7th lowest of 21 |
| Distance from 52-week high | -19.1% | -12.3% | 5th lowest of 21 |
| Revenue growth (TTM) | +7.3% | +6.3% | 10th highest of 21 |
| Operating margin | 9.6% | 11.2% | 6th lowest of 21 |
| Forward P/E | 11.8× | 14.7× | 5th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 0.1% | 2.9% | 7th least demanding of 18 |
| Growth delivered (Del g) | +7.3% | +12.2% | 5th lowest of 18 |
| Hurdle (Req g minus delivered) | -7.2 pp | -10.9 pp | 9th most demanding of 18 |
| ROIC minus cost of capital | +6.7 pp | +3.3 pp | 5th highest of 18 |
| EV / EBITDA | 8.4× | 9.8× | 8th cheapest of 17 |
| Net debt / EBITDA | 2.9× | 1.4× | 2nd most indebted of 17 |
| Bond spread | 179 bp | 148 bp | 2nd widest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Brink's BCO | United States | $4.54B | +3% | +7% | 10% | 11.8× | 0.1% | +7.3% |
| Teleperformance TEP.PA | France | $4.60B | +3% | -3% | 10% | 5.0× | -10.2% | +12.2% |
| Dizal Pharmaceutical 688192.SS | China | $4.68B | +18% | +720% | 69% | 9.5× | -8.4% | +95.9% |
| L&T Technology Services LTTS.NS | India | $4.79B | +13% | +2% | 15% | 29.4× | 31.0% | +15.1% |
| Aalberts AALB.AS | Netherlands | $4.87B | +6% | 0% | 10% | 14.6× | 12.9% | +3.4% |
| East Buy 1797.HK | Hong Kong | $4.11B | +22% | +34% | 11% | 38.5× | 18.4% | +54.3% |
| SAI Life Sciences SAILIFE.NS | India | $4.02B | +64% | +27% | 21% | 89.2× | n/a | n/a |
| PhysicsWallah PWL.NS | India | $4.00B | +18% | +35% | 1% | 100.9× | n/a | n/a |
| Centre Testing International 300012.SZ | China | $3.96B | -5% | +15% | 16% | 22.1× | 14.2% | +13.2% |
| FTI Consulting FCN | United States | $5.33B | +19% | +8% | 10% | 18.7× | -3.6% | +9.0% |
| Alsok 2331.T | Japan | $3.79B | -1% | +7% | 8% | 13.7× | -6.0% | +4.9% |
| Reply REY.MI | Italy | $5.46B | +41% | +6% | 13% | 17.0× | 2.9% | +14.4% |
| GEO GEO | United States | $3.66B | +28% | +15% | 12% | 13.5× | 6.8% | +2.3% |
| Serco SRP.L | United Kingdom | $3.60B | +5% | +1% | 5% | 14.9× | 1.9% | +4.9% |
| MITIE MTO.L | United Kingdom | $3.56B | +23% | +11% | 3% | 14.2× | 14.1% | +17.6% |
| Beijing Compass Technology Development 300803.SZ | China | $5.91B | -23% | +12% | 0% | 174.6× | 46.9% | +25.3% |
| Nexi NEXI.MI | Italy | $5.93B | +18% | +1% | 13% | 7.0× | 1.5% | +30.5% |
| Loomis LOOMIS.ST | Sweden | $3.46B | +12% | +1% | 11% | 12.6× | -9.1% | +9.7% |
| MAXIMUS MMS | United States | $3.43B | +2% | -3% | 11% | 7.9× | -8.5% | +9.4% |
| Shenzhen Fortune Trend Technology 688318.SS | China | $3.36B | -21% | -3% | 56% | 69.5× | n/a | n/a |
| Elis ELIS.PA | France | $6.44B | -12% | +5% | 13% | 12.0× | 10.1% | +11.3% |
Brink's has 3 bonds outstanding with $1.40B face value. The agencies rate it BB; its bonds trade like BB. Weighted yield 6.35%, a spread of 179 bp over government bonds.