Brink's Company (BCO)
NYSE:BCO
Top Page
Brink's Company
(NYSE:BCO)
Select Model
Select Model
Rating:56Neutral
Price Target:
$104.00
▲(0.36% Upside)
Action:ReiteratedDate:03/29/26
The score is driven primarily by improving operating results and consistently positive/free cash flow, tempered by substantial balance-sheet leverage risk. Technicals are notably weak with the stock trading below major moving averages, while valuation is roughly neutral and corporate events are a modest positive but carry execution risk.
Positive Factors
Shift to recurring, higher-growth AMS/DRS
Brink’s strategic pivot toward AMS/DRS drives more recurring, subscription-like revenue and supported EBITDA margin expansion in 2025. A durable mix shift reduces cyclical cash-transport sensitivity, increases customer stickiness, and underpins steadier top-line and margin improvement over years.
Negative Factors
Heavily leveraged balance sheet
Extremely high leverage limits financial flexibility and raises refinancing and covenant risks if cash flow weakens. Thin equity amplifies downside risk and makes the company vulnerable to interest rate rises or operational setbacks, constraining strategic optionality over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Shift to recurring, higher-growth AMS/DRS
Brink’s strategic pivot toward AMS/DRS drives more recurring, subscription-like revenue and supported EBITDA margin expansion in 2025. A durable mix shift reduces cyclical cash-transport sensitivity, increases customer stickiness, and underpins steadier top-line and margin improvement over years.
Read all positive factors
Brink's Company (BCO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.26B
Dividend Yield0.85%
Average Volume (3M)642.35K
Price to Earnings (P/E)24.5
Beta (1Y)0.83
Revenue Growth3.07%
EPS Growth48.57%
CountryUS
Employees66,100
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)2.54
Shares Outstanding41,141,415
10 Day Avg. Volume613,397
30 Day Avg. Volume642,350
Financial Highlights & Ratios
PEG Ratio0.85
Price to Book (P/B)17.61
Price to Sales (P/S)0.93
P/FCF Ratio11.21
Enterprise Value/Market Cap1.62
Enterprise Value/Revenue1.31
Enterprise Value/Gross Profit5.09
Enterprise Value/Ebitda7.74
Forecast
1Y Price Target
$145.00Price Target Upside39.92% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)9.17
Revenue Forecast (FY)$5.50B
Brink's Company Business Overview & Revenue Model
Company Description
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller...
How the Company Makes Money
Brink’s primarily makes money by charging customers recurring and transaction-based fees for secure transportation and management of cash and other valuables. Key revenue streams generally include: (1) Cash-in-transit (CIT) and armored transport s...
Brink's Company Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
Brink's delivered a strong quarter with significant growth in its AMS/DRS segment, improved free cash flow, and successful share repurchase. However, challenges remain in the CVM segment and currency fluctuations. Overall, the company's strategic focus on high-margin services and geographic expansion supports a positive outlook.Positive Updates
Strong Organic Growth and Margin Expansion
Brink's reported a 5% organic revenue growth for the third quarter, with a notable 19% growth in ATM Managed Services and Digital Retail Solutions (AMS/DRS). The company achieved record Q3 EBITDA margins of 19%, up 180 basis points from the prior year, driven by productivity and pricing discipline.
Negative Updates
CVM Revenue Stagnation
The Cash and Valuables Management (CVM) business experienced flat organic revenue growth, impacted by customer conversions to AMS/DRS, which contributed to a 2-3 point organic headwind.
Read all updates
Q3-2025 Updates
Positive
Negative
Strong Organic Growth and Margin Expansion
Brink's reported a 5% organic revenue growth for the third quarter, with a notable 19% growth in ATM Managed Services and Digital Retail Solutions (AMS/DRS). The company achieved record Q3 EBITDA margins of 19%, up 180 basis points from the prior year, driven by productivity and pricing discipline.
Read all positive updates
Company Guidance
During the third quarter of 2025 earnings call, Brink's reported several key metrics indicating strong performance and positive growth trends. The company achieved a mid-single-digit organic revenue growth rate of 5%, with notable acceleration in their ATM Managed Services and Digital Retail Solutions (AMS/DRS) segment, which grew by 19% compared to the previous quarter. Brink's also recorded a record EBITDA margin of 19%, a year-over-year increase of 180 basis points, with North American operations expanding by 320 basis points. Free cash flow reached $175 million, showing a 30% increase from the previous year, and days sales outstanding improved by 5 days. Additionally, AMS/DRS now constitutes 28% of the company’s revenue, and Brink's anticipates continued margin improvements. The company's full-year framework has been reaffirmed, with expectations of organic growth in mid-single digits and high teens for AMS/DRS. Brink's also highlighted their commitment to shareholder returns, using $154 million to repurchase 1.7 million shares year-to-date, maintaining a net debt-to-EBITDA leverage ratio of 2.9x.Brink's Company Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
34
Negative
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.26B | 5.01B | 4.87B | 4.54B | 4.20B |
| Gross Profit | 1.36B | 1.27B | 1.17B | 1.07B | 964.40M |
| EBITDA | 890.20M | 795.00M | 715.40M | 610.80M | 587.20M |
| Net Income | 199.70M | 162.90M | 87.70M | 170.60M | 105.20M |
Balance Sheet | |||||
| Total Assets | 7.34B | 6.62B | 6.60B | 6.37B | 5.57B |
| Cash, Cash Equivalents and Short-Term Investments | 2.27B | 1.40B | 1.18B | 972.00M | 710.30M |
| Total Debt | 4.93B | 4.25B | 3.88B | 3.73B | 3.29B |
| Total Liabilities | 6.93B | 6.31B | 6.08B | 5.80B | 5.31B |
| Stockholders Equity | 277.70M | 184.90M | 397.40M | 447.10M | 123.00M |
Cash Flow | |||||
| Free Cash Flow | 436.40M | 203.50M | 499.70M | 297.30M | 310.10M |
| Operating Cash Flow | 639.50M | 426.00M | 702.40M | 479.90M | 478.00M |
| Investing Cash Flow | -209.00M | -216.20M | -179.80M | -331.20M | -454.70M |
| Financing Cash Flow | -107.50M | 42.20M | -207.10M | 245.20M | 171.30M |
Brink's Company Technical Analysis
Negative
103.63
Price Trends
119.36
Negative
117.92
Negative
111.13
Negative
Market Momentum
-5.67
Negative
38.91
Neutral
56.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BCO, the sentiment is Negative. The current price of 103.63 is below the 20-day moving average (MA) of 106.81, below the 50-day MA of 119.36, and below the 200-day MA of 111.13, indicating a bearish trend. The MACD of -5.67 indicates Negative momentum. The RSI at 38.91 is Neutral, neither overbought nor oversold. The STOCH value of 56.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BCO.
Brink's Company Risk Analysis
Brink's Company disclosed 24 risk factors in its most recent earnings report. Brink's Company reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Brink's Company Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.40B | 27.53 | 27.45% | 1.29% | -2.28% | -9.94% | |
72 Outperform | $6.36B | 22.52 | 21.82% | 1.30% | 3.31% | 2.58% | |
71 Outperform | $3.84B | 21.28 | 16.60% | 1.23% | 11.20% | 0.71% | |
70 Outperform | $5.39B | 10.53 | 16.19% | 2.73% | 4.77% | -22.78% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | $4.26B | 24.49 | 79.36% | 0.85% | 3.07% | 48.57% | |
56 Neutral | $5.10B | 9.68 | -18.10% | ― | 15.45% | -488.24% |
* Industrials Sector Average
BCO
Brink's Company
103.38
13.54
15.08%
BRC
Brady
82.61
11.08
15.49%
MSA
MSA Safety
166.35
18.54
12.54%
NSSC
Napco Security Technologies
39.45
16.90
74.96%
ADT
Adt
6.55
-1.59
-19.58%
REZI
Resideo Technologies
34.45
15.83
85.02%
Brink's Company Corporate Events
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesM&A TransactionsPrivate Placements and Financing
Brink’s to Acquire NCR Atleos in Major Fintech Deal
Positive
Feb 26, 2026
On February 26, 2026, Brink’s Company and NCR Atleos announced a definitive agreement under which Brink’s will acquire NCR Atleos in a cash-and-stock deal valued at about $6.6 billion, including the assumption of $2.6 billion of NCR At...
Business Operations and StrategyFinancial Disclosures
Brink’s Reports Strong 2025 Results, Highlights AMS/DRS Growth
Positive
Feb 26, 2026
On February 26, 2026, Brink’s reported its fourth-quarter and full-year 2025 results, highlighting 9% fourth-quarter revenue growth, including 5% organic growth, and a sharp 22% organic increase in AMS/DRS revenue that supported EBITDA margi...
Executive/Board Changes
Brink’s Company Announces Interim Chief Accounting Leadership Change
Neutral
Jan 9, 2026
Effective January 7, 2026, Michael Sweeney stepped down as Chief Accounting Officer and Controller of The Brink’s Company, with the company expressing appreciation for his service during his tenure. To ensure continuity in its accounting and...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.