The Filing Desk

Brown & Brown vs Goosehead Insurance

Brown & Brown BRO · Goosehead Insurance GSHD · Insurance Brokers

Brown & Brown reported revenue of $5.9 billion in fiscal 2025, 16.2 times Goosehead Insurance's $365 million in fiscal 2025. Brown & Brown's revenue grew 22.8% in its latest year, and Goosehead Insurance's grew 16.1%. Free cash flow was $1.4 billion at Brown & Brown and $86 million at Goosehead Insurance.

Side by side

Brown & BrownGoosehead Insurance
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$5.9B$365M
Revenue growth22.8%16.1%
Revenue growth a year, last 5 years17.7%25.6%
Gross margin——
Operating margin—20.4%
Net margin17.9%7.6%
Free cash flow$1.4B$86M
Free cash flow margin23.4%23.6%
Return on capital9.1%75.5%
Net debt to EBITDA3.8x3.0x
Dividends and buybacks$293M$228M
Change in diluted share count10.2%−0.5%
Last close$72.12$55.55
P/E at the last close22.8×53.4×
Insider trades, last 12 monthsbought $164,123, sold $0bought $20.1 million, sold $34.3 million
Piotroski F-score4 of 85 of 8
Amounts in each company's own currency, US$ 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
Brown & BrownGoosehead Insurance
Operating margin
Percent of revenue
Brown & BrownGoosehead Insurance
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Brown & BrownGoosehead Insurance

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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 Brown & Brown and Goosehead Insurance pages.