The Brink's Company
- Open
- 108.86
- Day high
- 109.11
- Day low
- 107.23
- Prev close
- 107.47
- Volume
- 45K
- Mkt cap
- $4.4B
- P/E (TTM)
- 24.7
- EPS (TTM)
- $4.36
- P/B
- 14.3
- P/S
- 0.8
- Yield
- 0.95%
- Per share
- $1.02
The Brink's Company (BCO) is a Industrials company listed on NYSE. The stock is down 4% over the past year. Drillr has 1 published research article covering BCO.
The Brink's Company (BCO) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BCO earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 5, 2026 | $2.04 | $2.13 | +4.4% | $1.4B | +0.3% |
| May 6, 2026 | $1.59 | $1.80 | +13.2% | $1.4B | +0.9% |
| Nov 5, 2025 | $2.09 | $2.08 | -0.5% | $1.3B | -1.4% |
| Aug 6, 2025 | $1.43 | $1.79 | +25.2% | $1.3B | -2.0% |
| Feb 26, 2025 | $1.86 | $2.12 | +14.0% | $1.3B | +3.9% |
| Feb 29, 2024 | $2.49 | $2.76 | +10.8% | $1.2B | +0.6% |
| Feb 22, 2023 | $1.77 | $2.10 | +18.6% | $1.2B | +0.1% |
| Oct 26, 2022 | $1.20 | $1.34 | +11.7% | $1.1B | -2.8% |
| Aug 3, 2022 | $1.16 | $1.29 | +11.2% | $1.1B | +3.0% |
| Feb 23, 2022 | $1.45 | $1.68 | +15.9% | $1.1B | +2.3% |
| Jul 22, 2021 | $0.96 | $1.18 | +22.9% | $1.0B | -6.4% |
| Feb 23, 2021 | $1.04 | $1.64 | +57.8% | $1.0B | +4.3% |
BCO insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Sep 2, 2026 | Button Adrianofficer: EVP | Grant | 50 | — |
| Sep 2, 2026 | McMaken Kurt Bofficer: EVP, Chief Financial Officer | Grant | 54 | — |
| Sep 2, 2026 | Cook Kristen Williamsofficer: EVP & CLO | Grant | 40 | — |
| Sep 2, 2026 | Galloway Elizabeth Aofficer: EVP and CHRO | Grant | 40 | — |
| Sep 2, 2026 | Eubanks Richard M.director, officer: President and CEO | Grant | 109 | — |
| Sep 2, 2026 | Peschard Mijares Guillermo Eduardoofficer: EVP | Grant | 52 | — |
| Aug 4, 2026 | Button Adrianofficer: EVP | Grant | 46 | — |
| Aug 4, 2026 | McMaken Kurt Bofficer: EVP, Chief Financial Officer | Grant | 50 | — |
| Aug 4, 2026 | Cook Kristen Williamsofficer: EVP & CLO | Grant | 37 | — |
| Aug 4, 2026 | Eubanks Richard M.director, officer: President and CEO | Grant | 101 | — |
| Aug 4, 2026 | Peschard Mijares Guillermo Eduardoofficer: EVP | Grant | 48 | — |
| Aug 4, 2026 | Galloway Elizabeth Aofficer: EVP and CHRO | Grant | 37 | — |
| Jul 2, 2026 | McMaken Kurt Bofficer: EVP, Chief Financial Officer | Grant | 62 | — |
| Jul 2, 2026 | Herling Michael Jdirector | Grant | 171 | — |
| Jul 2, 2026 | Button Adrianofficer: EVP | Grant | 57 | — |
Source: BCO SEC Form 4 filings, latest Sep 2, 2026. For informational purposes only — not investment advice.
See the full BCO insider & 13F page →The Brink's Company company profile
Overview
The Brink's Company (NYSE:BCO) is a global leader in secure logistics and cash management services, tracing its origins back to 1859 when Washington Perry Brink founded the company in Chicago. Originally known as The Pittston Company, the business rebranded to The Brink's Company in May 2003 following strategic restructuring. Headquartered in Richmond, Virginia, Brink's has evolved from its iconic armored truck operations into a comprehensive security services provider operating across North America, Latin America, Europe, and other international markets. The company went public in 1996 and has since grown to generate over $5 billion in annual revenue, establishing itself as the world's premier provider of secure transportation and cash management solutions.
Business
Brink's operates in the security and protection services industry, providing critical infrastructure for the global economy's cash ecosystem. The company's business is organized around three primary segments that serve different aspects of secure logistics and cash management. Cash and Valuables Management (CVM) represents the company's traditional core business, accounting for approximately 76% of total revenue. This segment provides armored vehicle transportation for cash, precious metals, diamonds, jewelry, securities, and high-value items like electronics and pharmaceuticals. CVM services include cash-in-transit operations, vault outsourcing, money processing, and secure transportation between banks, retailers, ATMs, and other commercial establishments. The service is essential for businesses that handle large amounts of cash, as it provides secure, insured transportation that individual companies cannot economically provide themselves. ATM Managed Services and Digital Retail Solutions (AMS/DRS) is the company's fastest-growing segment, representing 24% of revenue and growing at over 20% annually. AMS involves comprehensive ATM management including cash replenishment, forecasting, optimization, remote monitoring, maintenance, and transaction processing. DRS encompasses intelligent safe technologies, automated cash management systems, and digital solutions that help retailers optimize their cash handling processes. These services essentially outsource the entire cash management function for retailers and financial institutions, providing technology-enabled solutions that reduce labor costs and improve cash visibility. Global Services is a smaller specialized segment that provides secure transportation for high-value items in volatile markets, particularly precious metals, gemstones, and other commodities. This business is more cyclical and dependent on market conditions affecting the movement of valuable goods globally.
Revenue model
Brink's generates revenue through multiple complementary business models that capitalize on the essential nature of secure cash handling in the global economy. The company primarily operates on a service fee model, charging customers for secure transportation, cash processing, and technology-enabled management services. The CVM segment generates revenue through per-transaction fees for armored car services, monthly service agreements for vault and processing services, and volume-based pricing for cash handling. Customers include banks, credit unions, retailers, government agencies, and any business requiring secure cash transportation. Revenue is relatively predictable due to the recurring nature of cash management needs. The AMS/DRS segment operates on a subscription-based model with longer-term contracts, typically 3-5 years, providing more stable and predictable revenue streams. This segment commands higher margins because it replaces labor-intensive processes with technology solutions, creating operational efficiencies for both Brink's and its customers. The subscription nature also creates switching costs for customers due to integrated technology systems. Several factors influence Brink's profitability margins. Positive margin drivers include the ongoing shift toward higher-margin AMS/DRS services, operational efficiency improvements through route optimization and automation, pricing power in inflationary environments, and economies of scale in dense urban markets. Negative margin pressures come from labor cost inflation (particularly driver wages), fuel price volatility, foreign exchange fluctuations in international markets, competitive pricing pressure in mature markets, and the capital-intensive nature of maintaining armored vehicle fleets and secure facilities. The company's strategic focus on transitioning customers from traditional CVM services to technology-enabled AMS/DRS solutions is specifically designed to improve margins while providing superior customer value.
Competitive moat
Brink's possesses a moderate but sustainable competitive moat built on several defensive characteristics, though it faces ongoing competitive pressures. The company's primary moat stems from its extensive physical infrastructure and regulatory barriers. Operating secure cash management requires significant capital investment in armored vehicles, secure facilities, vaults, and technology systems that create high barriers to entry. Additionally, the business demands extensive licensing, bonding, and regulatory compliance across multiple jurisdictions, making it difficult for new entrants to compete effectively. The company benefits from high customer switching costs, particularly in the AMS/DRS segment where integrated technology solutions become embedded in customers' daily operations. Banks and retailers are reluctant to change cash management providers due to operational disruption, retraining costs, and the mission-critical nature of cash handling services. Brink's also enjoys network effects in dense urban markets where route optimization and economies of scale provide cost advantages over smaller competitors. However, the moat faces several challenges. The secular decline in cash usage, accelerated by digital payments and contactless transactions, represents a long-term structural headwind. Regional competitors can effectively compete in specific markets without requiring global scale, and some large customers have the capability to insource certain cash management functions. Technology disruption, while currently favoring Brink's through AMS/DRS solutions, could potentially enable new competitive models. The company's moat is strongest in markets requiring comprehensive, multi-location coverage and in the growing technology-enabled services segment where integration complexity creates switching barriers. The moat is weakest in simple point-to-point transportation services where competition is primarily price-based.
Risks & safety
Brink's presents a moderate margin of safety with manageable financial risk but elevated valuation metrics that warrant careful consideration. • Liquidity and Solvency: Strong cash position of $1.4 billion provides substantial liquidity buffer. Net leverage of 2.8x EBITDA is reasonable for the industry. Debt-to-equity ratio of 23.0x appears high but reflects the asset-light nature of the business model. • Cash Flow Dynamics: Free cash flow generation has been inconsistent, with negative $119 million in Q1 2025 due to seasonal working capital patterns, but strong full-year 2024 performance of $400 million. The company targets 40-45% EBITDA-to-free cash flow conversion. • Valuation Metrics: Current P/E ratio of 18.0x appears reasonable for the growth profile, though EV/EBITDA of 13.7x is elevated. Price-to-book ratio of 11.3x reflects the asset-light business model but suggests limited downside protection. • Other Considerations: Consistent EBITDA margin expansion and strong return on equity of 15.7% indicate operational efficiency improvements. Geographic diversification provides some protection against regional economic downturns, though foreign exchange exposure creates earnings volatility.
Recent development
Over the past several years, Brink's has executed a strategic transformation focused on shifting from traditional armored car services toward technology-enabled solutions. The most significant development has been the rapid growth of the AMS/DRS segment, which has expanded from a small portion of the business to 24% of total revenue, growing at over 20% annually. This transformation involves deploying intelligent safes, automated cash processing systems, and comprehensive ATM management services that provide higher margins and more predictable revenue streams. The company has made strategic acquisitions to accelerate this transition, including the purchase of Note Machine in the UK to enhance ATM managed services capabilities. Recent partnership agreements, such as the Sainsbury's ATM estate management contract, demonstrate continued market penetration in the higher-value services segment. Operationally, Brink's has implemented the Brink's Business System, a comprehensive operational excellence program focused on route optimization, labor productivity, and standardization across global operations. The company has deployed new routing systems in North America and invested in cash processing automation to improve efficiency and reduce costs. The company has also strengthened its balance sheet through debt refinancing, received credit rating upgrades, and maintained disciplined capital allocation with over $200 million annually returned to shareholders through dividends and share repurchases. Management has targeted achieving 20% EBITDA margins in North America and continues to expand internationally, particularly in European markets where AMS/DRS adoption is accelerating.
BCO company profile · for informational purposes only — not investment advice.
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