One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Brinks Company (The)
BCO · NYQ · Industrials · Security & Protection Services
Current price
$112.64
52-week range
$91.05 - $136.37
Market cap
—
Balance sheet
Distressed
2.40x Stretched
Net debt $2.90B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Revenue grew 4.2% last year.
- Reward Returns 46.2% on equity, ahead of 60% of its peers.
- Risk Net debt grew 4.9% over 3 years.
- Risk Insider ownership is only 1.1% (peer median: 3.4%).
What this company does
Brinks Company (The)
The Brinks Company is best known for its armored trucks that transport cash and valuables for banks, retailers, and other businesses around the world. Their main business involves these secure logistics services, along with managing entire ATM networks and offering high-security storage in their vaults. Because many businesses still rely heavily on physical cash, Brinks provides an essential service for keeping the flow of money safe and efficient.
How the company got here
Brink's started in 1859 in Chicago as a delivery service using a single horse-drawn wagon to move luggage for train travelers. A major turning point came in 1927 when the company began using armored trucks, shifting its focus to securely transporting money and valuables. This established the foundation for the company's reputation in security. Over the years, it expanded from simply moving cash to offering a wider range of services like managing cash for banks and retailers, and servicing ATMs. In 2003, the company, formerly part of a larger corporation called The Pittston Company, was renamed The Brink's Company to reflect its focus on security logistics.
What it actually does
You've likely seen their armored trucks on the road, which are a big part of what they do. Brink's is essentially a company that helps businesses manage their cash and other valuable items safely. This includes picking up cash from stores and banks, refilling and servicing ATMs, and even securely transporting things like jewelry and precious metals internationally. They also provide businesses with smart safes and software to help them manage their cash more efficiently. Their customers are typically banks, retail stores, government agencies, and jewelers.
Cash and Valuables Management (CVM)
This is the largest and most well-known part of Brink's, making up the majority of its business. It involves the classic armored truck services you see, officially called cash-in-transit (transporting cash securely between locations). This segment also includes services like managing cash vaults for banks, processing money (counting, sorting, and detecting counterfeits), and securely transporting high-value items like diamonds and jewelry across the globe. Essentially, any business that deals with large amounts of physical cash or valuables pays Brink's to handle it securely.
Digital Retail Solutions (DRS) and ATM Managed Services (AMS)
This is a newer and fast-growing part of the company that uses technology to help businesses manage their cash and ATMs. For retailers, Digital Retail Solutions (DRS) provides smart safes and software that allow businesses to get faster credit for the cash they deposit, even before it's physically picked up. ATM Managed Services (AMS) involves Brink's taking over the entire operation of ATMs for banks or stores, including cash forecasting (predicting how much money an ATM will need), replenishment, and maintenance. This combined segment represents a significant and growing portion of the company's revenue.
What management is betting on now
The company's leadership is focused on transforming Brink's from a traditional armored truck company into a broader cash management partner using technology. A major priority is growing their Digital Retail Solutions (DRS) and ATM Managed Services (AMS) offerings, which are more profitable and have strong customer demand. They are also focused on improving their operating margin (the percentage of profit made from sales after accounting for the costs of doing business) and increasing free cash flow (the cash left over after paying for operating expenses and capital expenditures, which are investments in physical assets like new trucks or equipment). The goal is to become more efficient and use technology to provide more valuable services to their customers.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$7.40M
FY2024 Q4
$307.20M
FY2025 Q1
$-119.10M
FY2025 Q2
$152.20M
FY2025 Q3
$77.40M
FY2025 Q4
$652.00M
FY2026 Q1
$-11.40M
FY2026 Q2
$1.70M
Revenue
$1.39B
Net income
$44.40M
Diluted EPS
1.07
Operating cash flow
$36.50M
Free cash flow
$1.70M
Fetching…
Sources
Revenue
$1.38B
Net income
$32.10M
Diluted EPS
0.77
Operating cash flow
$28.70M
Free cash flow
$-11.40M
Fetching…
Sources
Revenue
$1.38B
Net income
$68.10M
Diluted EPS
1.62
Operating cash flow
$699.70M
Free cash flow
$652.00M
Fetching…
Sources
Revenue
$1.33B
Net income
$36.30M
Diluted EPS
0.86
Operating cash flow
$122.10M
Free cash flow
$77.40M
Fetching…
Sources
Revenue
$1.30B
Net income
$43.70M
Diluted EPS
1.03
Operating cash flow
$204.00M
Free cash flow
$152.20M
Fetching…
Sources
Revenue
$1.25B
Net income
$51.60M
Diluted EPS
1.18
Operating cash flow
$-60.20M
Free cash flow
$-119.10M
Fetching…
Sources
Revenue
$1.26B
Net income
$38.50M
Diluted EPS
0.87
Operating cash flow
$369.80M
Free cash flow
$307.20M
Fetching…
Sources
Revenue
$1.26B
Net income
$28.90M
Diluted EPS
0.65
Operating cash flow
$58.40M
Free cash flow
$7.40M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $112.64
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $2.9B. Interest coverage 2.4x.
Net debt
$2.90B
Interest coverage
2.40x
Brinks Company (The)'s profit covers its interest bill about 2.4 times over.
Distressed
Worse cushion
Baseline
Better cushion
BCO
BASELINE
Brinks Company (The)
Total debt $4.56B Interest coverage 2.40x This is the baseline the peer rows are being compared against.
Total debt $7.78B Interest coverage 2.85x +19% vs BCO Carries about 1.2x more debt cushion than BCO.
Total debt $2.94B Interest coverage 1.77x -26% vs BCO Carries about 1.4x less debt cushion than BCO.
Total debt $2.81B Interest coverage 6.27x +162% vs BCO Carries about 2.6x more debt cushion than BCO.
Total debt $11.00M Interest coverage 163.46x +6,719% vs BCO Carries about 68.2x more debt cushion than BCO.
What you should know
The case for and against BCO
3 Rewards
2 Risks
Rewards
-
Revenue grew 4.2% last year.
-
Returns 46.2% on equity, ahead of 60% of its peers.
-
Free cash flow was positive in 10/10 years.
Risks
-
Net debt grew 4.9% over 3 years.
-
Insider ownership is only 1.1% (peer median: 3.4%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
26.07x
Forward P/E
10.72x
P/B
17.71x
P/S
—
EV/EBITDA
8.65x
PEG ratio
1.16x
Profitability
How much profit each dollar creates
Gross margin
26.4%
Operating margin
9.6%
Net margin
3.3%
ROE
46.2%
ROA
5.0%
Health
Liquidity and balance-sheet strength
Debt / equity
10.30x
Current ratio
1.62x
Quick ratio
1.21x
Total debt
$4.56B
Total cash
$1.66B
Growth
How the business has been compounding
Revenue TTM
$5.48B
Revenue 5Y CAGR
5.8%
EPS TTM
4.32
EPS 5Y CAGR
9.5%
Cash flow
How much cash the business throws off
Operating CF TTM
$887.00M
Free CF TTM
$436.40M
FCF margin
8.0%
Dividend
Shareholder payout
Yield
0.9%
Payout ratio
23.6%
Last ex-div date
2026-07-27