Bright Horizons Family Solutions Inc. (BFAM) intrinsic value & 10-year financials
Bright Horizons Family Solutions Inc. (BFAM) has a Graham intrinsic value of $71.02 per share. At $71.15 on Oct 17, 2026, the stock trades 0% above that value. Over the last 10 fiscal years revenue grew 7.2% a year to $2.9B, with an average return on invested capital of 6.7%.
- Graham intrinsic value
- $71.02
- Share price (Oct 17, 2026)
- $71.15
- Price vs Graham value
- 0% above
- Market cap
- $4.1B
- Revenue (FY2025)
- $2.9B
- Revenue growth (10-yr CAGR)
- 7.2%
- ROIC (10-yr avg)
- 6.7%
- Free cash flow (FY2025)
- $258.5M
BFAM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.9B | $193.1M | $3.36 | $258.5M | 10.7% | 8.2% |
| FY2024 | $2.7B | $140.2M | $2.40 | $240.2M | 9.2% | 6.1% |
| FY2023 | $2.4B | $74.2M | $1.28 | $165.1M | 7.1% | 3.7% |
| FY2022 | $2.0B | $80.6M | $1.37 | $117.9M | 7.8% | 4.2% |
| FY2021 | $1.8B | $70.5M | $1.15 | $163.8M | 7.4% | 3.8% |
| FY2020 | $1.5B | $27.0M | $0.45 | $124.8M | 3.5% | 2.0% |
| FY2019 | $2.1B | $180.4M | $3.05 | $218.5M | 13.0% | 9.5% |
| FY2018 | $1.9B | $158.0M | $2.66 | $202.3M | 12.6% | 10.8% |
| FY2017 | $1.7B | $157.0M | $2.59 | $148.2M | 11.8% | 11.3% |
| FY2016 | $1.6B | $94.8M | $1.55 | $138.0M | 12.6% | 7.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BRIGHT HORIZONS FAMILY SOLUTIONS INC. has demonstrated mature, steady growth, with revenue compounding at 7.2% annually over the past decade.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. has historically struggled to out-earn its cost of capital, averaging just 6.7% ROIC.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BRIGHT HORIZONS FAMILY SOLUTIONS INC. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $71.02 per share.