Arthur J. Gallagher vs Brown & Brown
Arthur J. Gallagher reported revenue of $13.9 billion in fiscal 2025, 2.4 times Brown & Brown's $5.9 billion in fiscal 2025. Arthur J. Gallagher's revenue grew 20.7% in its latest year, and Brown & Brown's grew 22.8%. Free cash flow was $1.8 billion at Arthur J. Gallagher and $1.4 billion at Brown & Brown.
Side by side
| Arthur J. Gallagher | Brown & Brown | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $13.9B | $5.9B |
| Revenue growth | 20.7% | 22.8% |
| Revenue growth a year, last 5 years | 14.8% | 17.7% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 10.7% | 17.9% |
| Free cash flow | $1.8B | $1.4B |
| Free cash flow margin | 12.8% | 23.4% |
| Return on capital | 9.9% | 9.1% |
| Net debt to EBITDA | 3.3x | 3.8x |
| Dividends and buybacks | $667M | $293M |
| Change in diluted share count | 16.1% | 10.2% |
| Last close | $266.79 | $71.08 |
| P/E at the last close | 44.2× | 22.5× |
| Insider trades, last 12 months | bought $988,490, sold $24.5 million | bought $164,123, sold $0 |
| Piotroski F-score | 3 of 8 | 4 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Arthur J. GallagherBrown & Brown
Operating margin
Percent of revenue
Arthur J. GallagherBrown & Brown
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Arthur J. GallagherBrown & Brown
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Arthur J. Gallagher and Brown & Brown pages.