One-glance verdict
Undervalued
$136.97 our estimate vs market $78.72
Wall Street consensus: $110.00 (-19.7% lower than our fair-value estimate)
43% below our estimate, below the bear case
Fundamentals snapshot
Brady Corporation
BRC · NYQ · Industrials · Security & Protection Services
Current price
$78.72
52-week range
$70.57 - $99.29
Market cap
$3.69B
Balance sheet
Healthy
27.17x Strong cushion
Net cash $103.56M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
1 Risk
3 rewards · 1 risks
- Reward Revenue grew 9.8% last year.
- Reward Free cash flow was positive in 10/10 years.
- Reward Trades at 18.3x P/E vs peer median 21.8x (16.2% cheaper).
- Risk Stock trades 1.5% above its 5-year average P/E.
What this company does
Brady Corporation
Brady Corporation makes products that help businesses identify and protect their spaces, people, and things, like safety signs and labels for pipes and wires. The money they make comes from selling these safety and identification products across many industries like manufacturing and healthcare, which is important because it shows they have a broad customer base relying on their essential safety solutions.
How the company got here
Brady Corporation started way back in 1914, originally as a small business making advertising novelties. Over the decades, it evolved, shifting its focus towards industrial products. A key turning point was its strategic move into safety and identification solutions, recognizing the growing need for these in workplaces. This focus allowed Brady to build expertise and a strong market position in specialized industrial and safety goods.
What it actually does
Think of Brady Corporation as a company that makes things to keep workplaces safe and organized. They create signs that tell you where to go or what to avoid, labels that clearly identify pipes or equipment, and special tapes for marking floors. They also provide tools and supplies that help workers follow safety procedures, like devices to lock down machinery before maintenance, and even products to help track patients in hospitals. Essentially, Brady helps businesses clearly communicate important information and maintain safe environments.
Identification Solutions
This part of Brady focuses on making sure things are clearly labeled and identifiable. They produce a wide range of labels, printers, and materials used in factories to track products as they are being made, identify parts, and ensure finished goods are correctly marked. This also includes solutions for tracking assets, like equipment or inventory, using technologies like barcodes and RFID (Radio-Frequency Identification, a way to identify and track items using radio waves). Customers in manufacturing, electronics, and logistics pay for these products to improve efficiency and prevent errors.
Workplace Safety
The workplace safety segment is all about preventing accidents and ensuring compliance with safety regulations. Brady offers a variety of products like safety signs, floor marking tapes to designate walkways or hazards, and lockout/tagout devices that prevent machinery from being accidentally started during maintenance. They also provide personal protective equipment (PPE) and first aid supplies. Businesses across many industries, from manufacturing to healthcare, purchase these items to protect their employees and meet legal safety requirements.
What management is betting on now
Brady's leadership is focused on growing the company by expanding its digital sales channels and developing more integrated solutions. They aim to make it easier for customers to buy their products online and to offer more comprehensive safety and identification systems. A key priority is also innovation, creating new products that address evolving workplace safety needs and technological advancements in identification. The goal is to capture a larger share of the market by being a one-stop shop for safety and identification needs.
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.
FY2025 Q1
$16.12M
FY2025 Q2
$32.46M
FY2025 Q3
$55.61M
FY2025 Q4
$49.43M
FY2026 Q1
$22.38M
FY2026 Q2
$42.35M
FY2026 Q3
$67.18M
FY2026 Q4
$60.75M
Revenue
$436.90M
Net income
$45.59M
Diluted EPS
—
Operating cash flow
$79.23M
Free cash flow
$60.75M
Fetching…
Sources
Revenue
$435.24M
Net income
$57.80M
Diluted EPS
—
Operating cash flow
$78.23M
Free cash flow
$67.18M
Fetching…
Sources
Revenue
$384.14M
Net income
$48.05M
Diluted EPS
—
Operating cash flow
$53.31M
Free cash flow
$42.35M
Fetching…
Sources
Revenue
$405.29M
Net income
$53.94M
Diluted EPS
—
Operating cash flow
$33.36M
Free cash flow
$22.38M
Fetching…
Sources
Revenue
$397.27M
Net income
$49.88M
Diluted EPS
—
Operating cash flow
$58.32M
Free cash flow
$49.43M
Fetching…
Sources
Revenue
$382.59M
Net income
$52.26M
Diluted EPS
—
Operating cash flow
$59.87M
Free cash flow
$55.61M
Fetching…
Sources
Revenue
$356.68M
Net income
$40.33M
Diluted EPS
—
Operating cash flow
$39.59M
Free cash flow
$32.46M
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Sources
Revenue
$377.06M
Net income
$46.78M
Diluted EPS
—
Operating cash flow
$23.41M
Free cash flow
$16.12M
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Sources
Is it cheap or expensive?
Fair value $136.97 vs current price $78.72
Wall Street consensus is the average analyst price target: $110.00 (-19.7% lower than our fair-value estimate).
Our most-likely fair value is $136.97 a share — about 74.0% above today's price of $78.72, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Healthy
Net cash $103.6M - more cash than debt. Interest coverage 27.2x.
Net debt
$-103.56M
Interest coverage
27.17x
Brady Corporation's profit covers its interest bill about 27.2 times over. which is stronger than every peer shown here.
Healthy
Worse cushion
Baseline
Better cushion
BRC
BASELINE
Brady Corporation
Total debt $83.59M Interest coverage 27.17x This is the baseline the peer rows are being compared against.
Total debt $1.18B Interest coverage 12.31x -55% vs BRC Carries about 2.2x less debt cushion than BRC.
Total debt $3.62B Interest coverage 8.30x -69% vs BRC Carries about 3.3x less debt cushion than BRC.
Total debt $2.78B Interest coverage 7.41x -73% vs BRC Carries about 3.7x less debt cushion than BRC.
Total debt $2.22B Interest coverage 8.51x -69% vs BRC Carries about 3.2x less debt cushion than BRC.
Total debt $1.83B Interest coverage 2.43x -91% vs BRC Carries about 11.2x less debt cushion than BRC.
What you should know
The case for and against BRC
3 Rewards
1 Risk
Rewards
-
Revenue grew 9.8% last year.
-
Free cash flow was positive in 10/10 years.
-
Trades at 18.3x P/E vs peer median 21.8x (16.2% cheaper).
Risks
-
Stock trades 1.5% above its 5-year average P/E.
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)
18.31x
Forward P/E
10.91x
P/B
2.72x
P/S
2.22x
EV/EBITDA
10.43x
PEG ratio
1.67x
Profitability
How much profit each dollar creates
Gross margin
51.7%
Operating margin
19.7%
Net margin
12.4%
ROE
16.1%
ROA
10.4%
Health
Liquidity and balance-sheet strength
Debt / equity
0.06x
Current ratio
1.94x
Quick ratio
1.26x
Total debt
$83.59M
Total cash
$187.15M
Growth
How the business has been compounding
Revenue TTM
$1.66B
Revenue 5Y CAGR
6.3%
EPS TTM
4.30
EPS 5Y CAGR
7.0%
Cash flow
How much cash the business throws off
Operating CF TTM
$244.13M
Free CF TTM
$192.65M
FCF margin
11.6%
Dividend
Shareholder payout
Yield
1.3%
Payout ratio
22.8%
Last ex-div date
2026-10-09