Brady Corporation manufactures and supplies identification solutions and workplace safety products that identify and protect premises, products, and people in the Americas, Asia, Europe, and Australia. The company offers safety signs, traffic signs and control products, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout devices, personal protection equipment, first aid products, and software and services for safety compliance auditing, procedures writing, and training; materials, radio frequency identification and barcode scanners for product identification, direct part marking, engraving equipment, brand protection labeling, work in process labeling, finished product identification, asset tracking labels, asset tags, and industrial track and trace applications; and handheld printers, wire markers, sleeves, and tags. It also provides wristbands, labels, printing systems, and other products used in hospital, laboratory, and other healthcare settings for tracking and improving the safety of patients; and badges, lanyards, rigid card printing systems, and access control software. The company serves industrial manufacturing, electronic manufacturing, healthcare, chemical, oil, gas, alternative energy, automotive, aerospace, governments, mass transit, mechanical contractors, construction, utilities, education, leisure and entertainment, retail and telecommunications, and others. The Company markets and sells its products through multiple channels, including distributors, a direct sales force, and digital channels. Brady Corporation was incorporated in 1914 and is based in Milwaukee, Wisconsin.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.5B | $282M | $189M | $154M | 15.9% | 12.8% | -4.0% |
| 2024 | $1.3B | $281M | $197M | $175M | 18.5% | 0.7% | 12.8% |
| 2023 | $1.3B | $262M | $175M | $190M | 17.6% | 2.3% | 16.6% |
| 2022 | $1.3B | $227M | $150M | $75M | 16.5% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,302.06 | 1,331.86 | 1,341.39 | 1,513.60 |
| Operating Revenue | - | 1,302.06 | 1,331.86 | 1,341.39 | 1,513.60 |
| Cost Of Revenue | - | 670.51 | 674.59 | 653.51 | 752.78 |
| Gross Profit | - | 631.55 | 657.28 | 687.88 | 760.82 |
| Operating Expense | - | 438.54 | 432.06 | 444.47 | 524.18 |
| Research And Development | - | 58.55 | 61.36 | 67.75 | 79.89 |
| Selling General And Administration | - | 379.99 | 370.70 | 376.72 | 444.30 |
| Total Expenses | - | 1,109.05 | 1,106.65 | 1,097.98 | 1,276.97 |
| Operating Income | - | 193.01 | 225.21 | 243.41 | 236.64 |
| Total Operating Income As Reported | - | 193.01 | 225.21 | 243.41 | 236.64 |
| EBITDA | - | 227.44 | 261.60 | 280.84 | 282.48 |
| Normalized EBITDA | - | 227.19 | 257.58 | 273.29 | 277.28 |
| EBIT | - | 193.26 | 229.24 | 250.97 | 241.84 |
| Interest Expense | - | 1.28 | 3.54 | 3.13 | 4.75 |
| Net Interest Income | - | -1.28 | -3.54 | -3.13 | -4.75 |
| Other Income Expense | - | 0.24 | 4.02 | 7.55 | 5.21 |
| Interest Expense Non Operating | - | 1.28 | 3.54 | 3.13 | 4.75 |
| Net Non Operating Interest Income Expense | - | -1.28 | -3.54 | -3.13 | -4.75 |
| Pretax Income | - | 191.98 | 225.70 | 247.84 | 237.10 |
| Tax Provision | - | 42 | 50.84 | 50.63 | 47.84 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.05 | 0.90 | 1.54 | 1.05 |
| Net Income Continuous Operations | - | 149.98 | 174.86 | 197.22 | 189.26 |
| Net Income From Continuing And Discontinued Operation | - | 149.98 | 174.86 | 197.22 | 189.26 |
| Net Income From Continuing Operation Net Minority Interest | - | 149.98 | 174.86 | 197.22 | 189.26 |
| Net Income | - | 149.98 | 174.86 | 197.22 | 189.26 |
| Net Income Common Stockholders | - | 149.17 | 174.08 | 196.46 | 188.51 |
| Net Income Including Noncontrolling Interests | - | 149.98 | 174.86 | 197.22 | 189.26 |
| Normalized Income | - | 149.79 | 171.74 | 191.20 | 185.10 |
| Diluted NI Availto Com Stockholders | - | 149.17 | 174.08 | 196.46 | 188.51 |
| Basic Average Shares | - | 51.32 | 49.59 | 48.12 | 47.64 |
| Diluted Average Shares | - | 51.65 | 49.87 | 48.50 | 48.09 |
| Reconciled Depreciation | - | 34.18 | 32.37 | 29.87 | 40.64 |
| Reconciled Cost Of Revenue | - | 670.51 | 674.59 | 653.51 | 752.78 |
| Total Unusual Items | - | 0.24 | 4.02 | 7.55 | 5.21 |
| Total Unusual Items Excluding Goodwill | - | 0.24 | 4.02 | 7.55 | 5.21 |
| Preferred Stock Dividends | - | 0.81 | 0.77 | 0.75 | 0.74 |
| Earnings From Equity Interest Net Of Tax | -5.75 | 0 | 0 | - | - |
| Special Income Charges | 0 | 0 | - | - | - |
| Impairment Of Capital Assets | 0 | 0 | - | - | - |
| Gain On Sale Of Security | - | 0.24 | 4.02 | 7.55 | 5.21 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Brady Corporationthis co. | BRC | $4.2B | 22.18β discount | 3.52 | 15.9% | 14.80 |
| Resideo Technologies, Inc. | REZI | $4.6B | - | 1.57 | -19.3% | - |
| RXO, Inc. | RXO | $4.6B | -45.57 | 2.96 | -6.5% | 144.72 |
| Mirion Technologies, Inc. | MIR | $4.5B | 154.78 | 2.39 | 1.5% | 24.76 |
| CSW Industrials, Inc. | CSW | $4.4B | 39.29 |
| - |
| - |
| - |
| - |
| - |
| 4.19 |
| 10.7% |
| 22.62 |
| Franklin Electric Co., Inc. | FELE | $4.3B | 29.58 | 3.28 | 11.1% | 16.66 |
| AZZ Inc. | AZZ | $4.2B | 13.10 | 3.11 | 23.7% | 8.29 |
| Griffon Corporation | GFF | $3.9B | 77.09 | 53.26 | 69.1% | 18.97 |
| Mueller Water Products, Inc. | MWA | $3.9B | 20.48 | 4.00 | 19.5% | 12.33 |
| Peer Median | - | 29.58 | 3.19 | 10.9% | 18.97 | |