Brady Corp. (BRC) intrinsic value & 10-year financials
Brady Corp. (BRC) has a Graham intrinsic value of $83.18 per share. At $81.93 on Oct 17, 2026, the stock trades 2% below that value. Over the last 10 fiscal years revenue grew 3.4% a year to $1.5B, with an average return on invested capital of 17.5%.
- Graham intrinsic value
- $83.18
- Share price (Oct 17, 2026)
- $81.93
- Price vs Graham value
- 2% below
- Market cap
- $3.9B
- Revenue (FY2025)
- $1.5B
- Revenue growth (10-yr CAGR)
- 3.4%
- ROIC (10-yr avg)
- 17.5%
- Free cash flow (FY2025)
- $153.6M
BRC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.5B | $189.3M | — | $153.6M | 15.6% | 18.0% |
| FY2024 | $1.3B | $197.2M | — | $175.2M | 18.1% | 21.7% |
| FY2023 | $1.3B | $174.9M | — | $189.9M | 16.9% | 20.9% |
| FY2022 | $1.3B | $150.0M | — | $75.3M | 14.8% | 18.2% |
| FY2021 | $1.1B | $129.7M | — | $178.5M | 14.6% | 17.2% |
| FY2020 | $1.1B | $112.4M | — | $113.7M | 12.8% | 17.0% |
| FY2019 | $1.2B | $131.3M | — | $129.4M | 14.0% | 20.8% |
| FY2018 | $1.2B | $91.1M | — | $121.3M | 13.0% | 14.1% |
| FY2017 | $1.1B | $95.6M | — | $128.9M | 11.8% | 14.7% |
| FY2016 | $1.1B | $80.1M | — | $121.8M | 10.5% | 12.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BRADY CORP has demonstrated mature, steady growth, with revenue compounding at 3.4% annually over the past decade.
BRADY CORP has earned high returns on invested capital, averaging 17.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
BRADY CORP 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, BRADY CORP is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $83.18 per share.