BRBROADRIDGE FINANCIAL SOLUTIONS, INC.
Services-Business Services, NEC
- Revenue
- $7.5B
- 8.5% YoY
- Operating margin
- 17.4%
- 0.8% YoY
- EBITDA
- $1.3B
- 9.4% YoY
- Market cap
- $20.4B
- Employees
- 16,000
- $467K revenue each
- Net debt / EBITDA
- 2.2×
- $2.9B net debt
- AI in 10-K
- 4.9
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 1 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$14M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo120% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo78% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyYes42% of assetsOver 40% of assets
- Shareholder dissentNo92% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$467K · 55th pctBottom quartile of its SIC industry
- Quiet on AINo4.9 per 10K words · 82nd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo2.2× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$20.4B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$3M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $5.7B | $6.1B | $6.5B | $6.9B | $7.5B | 8.5% |
| Operating income | $760M | $936M | $1.0B | $1.2B | $1.3B | 9.4% |
| Net income | $539M | $631M | $698M | $840M | $1.1B | 34% |
| Operating cash flow | $444M | $823M | $1.1B | $1.2B | $1.3B | 15% |
| Capex | $29M | $38M | $57M | $44M | $67M | 53% |
| Stock-based comp | $68M | $73M | $71M | $73M | $94M | 28% |
| Buybacks | $23M | $24M | $485M | $135M | $604M | 348% |
| Dividends | $291M | $331M | $368M | $402M | $444M | 10% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $1M · 1
- Open-market sells, 12 mo
- $4M · 7
- Net
- −$3M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $19M | −$10M | 93 | 73 |
| FY2025 | $17M | $30M | 161 | 123 |
| FY2024 | $14M | $22M | 128 | 104 |
| FY2023 | $12M | $18M | 106 | 89 |
| FY2022 | $10M | $9M | 90 | 82 |