# Brunswick Corporation (BC)

> Source: Nexqual · https://nexqual.com/BC · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Brunswick Corporation (BC), nexqual.com/BC" · informational, not investment advice.

**Price:** USD 68.29 (+4.29% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 65.48 · day 65.25–68.31 · 52w 59.06–90.25 · market cap $4.43B · NYQ

## Key facts
- Last four reported quarters (through Jul 4, 2026): revenue $5.63B, net income -$86.0M (-1.5% margin), free cash flow $341M (SEC filings).
- 2 of 80 tracked superinvestors hold BC (13F, Q2 2026): 0 new, 0 added, 1 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $2.2M; 1 not under a Rule 10b5-1 plan ($2.1M); 0 by opportunistic insiders, 2 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.42 on a 1–5 scale) (19 analysts), mean target USD 91.63 (range 80–120).
- Total return with dividends: 1Y -1.1% vs S&P 500 +14.9%; 5Y -20.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 1.34, revenue estimate $1.45B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $5.85B | $6.81B | $6.40B | $5.24B | $5.36B | $5.63B |
| Gross profit | $1.67B | $1.95B | $1.79B | $1.35B | $1.33B | — |
| Operating income | $813M | $948M | $735M | $312M | -$40.7M | -$20.6M |
| Net income | $593M | $677M | $420M | $130M | -$137M | -$86.0M |
| EPS (diluted) | $7.57 | $9.00 | $5.96 | $1.93 | -$2.08 | — |
| Free cash flow | $307M | $198M | $444M | $264M | $396M | $341M |
| Gross margin | 28.5% | 28.6% | 27.9% | 25.8% | 24.8% | — |
| Operating margin | 13.9% | 13.9% | 11.5% | 5.9% | -0.8% | -0.4% |
| Net margin | 10.1% | 9.9% | 6.6% | 2.5% | -2.6% | -1.5% |
| Revenue growth | +34.5% | +16.5% | -6.0% | -18.2% | +2.4% | — |
| Cash + short-term investments | $368M | $613M | $480M | $287M | $276M | — |
| Total debt | $1.85B | $2.54B | $2.46B | $2.37B | $2.12B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 4, 2026)
P/S 0.8x · EV/EBITDA 26.2x · EV/Sales 1.1x · P/FCF 13.0x · P/B 2.6x · FCF yield 7.71% · Earnings yield -1.94% · Dividend yield (paid, TTM) 2.56% · Buyback yield (TTM) 1.54% · Net debt $1.81B · EV $6.24B
P/E at fiscal year-ends: Dec 2024 33.5x, Dec 2023 16.2x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold BC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Nygren | Oakmark Funds | 0.21% | $161M | Reduced -14.3% |
| Thomas Gayner | Markel Group | 0.03% | $4.3M | Unchanged |

## Insider sales (SEC Form 4, open-market, last ~7 months)
2 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-03 | Cooper Nancy E | Director | 206 | $16K | 0.7% | Yes | Routine (sold in Feb & May & Aug & Nov each year 2023–2025) |
| 2026-05-26 | Foulkes David M | Chief Executive Officer | 25,853 | $2.1M | 8.6% | No | Too little history (no open-market trades in 2025) |
| 2026-05-01 | Cooper Nancy E | Director | 194 | $15K | 0.7% | Yes | Routine (sold in Feb & May & Aug & Nov each year 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.42 on a 1–5 scale), 19 analysts; mean target USD 91.63 (low 80, high 120).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-17 | DA Davidson | Maintained | Neutral | $76 |
| 2026-07-06 | Truist Securities | Target raised | Buy | $93 → $94 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -1.1% | -20.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -1.1% | -4.4% |
| Volatility (annualized) | 36.5% | 36.2% |
| Max drawdown | -30.0% (Feb 2026→Oct 2026) | -54.0% (Dec 2023→Apr 2025) |

## Peers (Recreational Vehicles)
DOO (BRP Inc.) USD 58.54 +4.78% · THO (Thor Industries, Inc.) USD 70.71 +6.44% · PII (Polaris Inc.) USD 56.69 +4.42% · HOG (Harley-Davidson, Inc.) USD 29.11 +6.47% · PATK (Patrick Industries, Inc.) USD 70.27 +4.41% · LCII (LCI Industries) USD 86.6 +4.15%

## More
Full page: https://nexqual.com/BC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name BC in their own reports (relationship from BC's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| supplier | LCI INDUSTRIES (LCII) | 10-K 2026-02-26 | "Major customers include Brunswick Corporation (symbol: BC), Polaris Inc. (symbol: PII), Blue Bird Corporation (symbol: BLBD), Skyline Champion Corporation (symbol: SKY), and Cavco Industries, Inc. (sy…" |
| customer | MARINEMAX INC (HZO) | 10-K 2025-11-17 | "We are the largest retailer of Sea Ray and Boston Whaler recreational boats which are manufactured by Brunswick Corporation ("Brunswick")." |

## Revenue by business segment (quarter ended 2026-07-04)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Propulsion | $574.1M | 36.9% | +9.4% | $71.2M | 12.4% |
| Boat | $424.1M | 27.2% | +4.6% | $15.3M | 3.6% |
| Engine Parts and Accessories | $366.1M | 23.5% | +9.0% | $85.6M | 23.4% |
| Navico Group | $193.5M | 12.4% | +7.1% | $13.2M | 6.8% |
| Total revenue | $1.56B | 100% | — | $129.4M | 8.3% |

## Revenue by product line (quarter ended 2026-07-04)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Outboard Engines | $499.2M | 32.0% | +6.7% |
| Controls, Rigging, and Propellers | $108.9M | 7.0% | +16.0% |
| Sterndrive Engine | $35.9M | 2.3% | -1.1% |
| Total revenue | $1.56B | 100% | — |
The lines above cover 41.3% of total revenue.

## Revenue by region (quarter ended 2026-07-04)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $1.12B | 71.7% | +5.2% |
| Non-US | $522.8M | 33.6% | +11.1% |
| Europe | $243.9M | 15.7% | +7.8% |
| Asia-Pacific | $102.2M | 6.6% | +9.1% |
| Canada | $99.1M | 6.4% | +23.9% |
| Rest-of-World | $90.0M | 5.8% | +10.0% |
| Total revenue | $1.56B | 100% | — |
The lines above cover 139.6% of total revenue.

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.34 | $1.44 | -6.9% | $1.45B | 18 |
| Next quarter (ends 2026-12-31) | $0.99 | $0.99 | +0.0% | $1.39B | 18 |
| Current fiscal year (ends 2026-12-31) | $4.56 | $4.31 | +5.8% | $5.78B | 19 |
| Next fiscal year (ends 2027-12-31) | $5.42 | $5.33 | +1.8% | $6.10B | 18 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-29): ±10.2%; last 8 reports averaged ±4.1%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 44.1% | ±10.2% |
| 2026-12-18 | 56 | 41.2% | ±13.3% |
| 2027-03-19 | 147 | 40.3% | ±20.6% |
| 2027-06-17 | 237 | 40.1% | ±25.6% |