Brady Corporation BRC

IndustrialsProfessional & Commercial ServicesUnited States of America

Last close 82.77 USD on Nov 1, 2026, +6.8% year to date

Quant rating

Quant rating A Rank 58 of 486 in Industrials

Growth B 94 of 486
Valuation B 95 of 486
Quality B 140 of 486
Revisions A 70 of 486
Momentum C 235 of 486

Wall Street consensus Strong Buy (1.00)Average target 107.37 USD +29.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 3.9B
Enterprise value: 3.7B
52-week range: 70.77 – 99.00
3-year range: 51.98 – 99.00
Dividend yield: 1.21%
Beta (5 years): 0.62
Shares outstanding: 46.9M
Next earnings: Nov 16, 2026

About the company

Brady Corporation is an industrial technology company and a provider of identification, safety, and productivity solutions that help organizations of all sizes to identify, connect, protect, track, and optimize what matters most. Its product categories include safety and facility identification, product identification, wire identification, healthcare identification and people identification. Its Safety and facility identification include safety signs, traffic signs and control products, floor-marking tape, pipe markers, labeling systems, spill control products, lockout/tagout devices, first aid products, and software and services for safety compliance auditing, procedures writing and training. It also provides Productivity Solutions and Services (PSS), which offers a comprehensive suite of hardware, software and service offerings, automated data collection and tracking, with strong positions in mobile computers, barcode scanners, printing solutions and voice guidance.

Growth and profitability fiscal year ends July 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	1,662	1,514	1,341	1,332	1,302	–
Revenue growth	9.8%	12.8%	0.7%	2.3%	13.7%	7.7%
EPS (basic, normalized)	5.29	4.60	4.22	3.64	3.15	–
EPS growth	15.0%	9.0%	15.9%	15.6%	–	–
Gross margin	51.7%	50.3%	51.3%	49.4%	48.5%	50.2%
Net margin	12.3%	12.5%	14.6%	13.1%	11.5%	12.8%
ROE	16.1%	16.8%	19.2%	18.4%	16.0%	17.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	187
Current ratio	1.94x
Long-term debt (mil)	15.0
Net debt (mil)	−172
Total equity (mil)	1,358
Net debt / equity	−0.13x
Net debt / EBITDA	−0.49x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	1,662	+9.8%	2.2x	350	+22.0%	10.6x	5.29	+15.0%	15.6x
2027	2,892	+74.0%	1.3x	491	+40.2%	7.6x	6.55	+23.8%	12.6x
2028	3,003	+3.8%	1.2x	520	+5.9%	7.1x	7.21	+10.2%	11.5x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	2,892	0.0%	+27.9%	+39.9%	6.55	0.0%	+11.0%	+15.5%
2028	3,003	0.0%	+19.3%	+72.5%	7.21	0.0%	+10.9%	+18.3%
2029	–	–	–	–	–	–	–	–

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Sales reported (mil)	343	343	377	357	383	397	405	384	435	437
Sales mean (mil)	340	352	366	359	387	387	394	379	406	420
Surprise	+1.1%	−2.3%	+3.1%	−0.7%	−1.1%	+2.7%	+3.0%	+1.5%	+7.2%	+4.1%
EPS reported	1.09	1.19	1.12	1.00	1.22	1.26	1.21	1.09	1.50	1.48
EPS mean	1.02	1.11	1.10	1.03	1.22	1.24	1.18	1.09	1.34	1.47
Surprise	+6.3%	+7.5%	+1.8%	−3.4%	+0.4%	+2.0%	+2.5%	0.0%	+11.5%	+1.0%

Peer comparison Professional & Commercial Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
BRC Brady Corporation	3.9B	−0.49x	12.3%	2.86x	12.6x	11.5x	7.6x	7.1x
TOPPY TOPPAN Holdings Inc.	8.0B	–	3.6%	0.96x	–	–	–	–
DNPLY Dai Nippon Printing Co., Ltd.	7.9B	–	6.9%	0.99x	–	–	–	–
MSA Msa Safety Inc	6.9B	0.85x	14.9%	4.92x	19.7x	18.0x	13.6x	12.4x
CWST Casella Waste Systems, Inc.	5.9B	3.13x	0.4%	3.76x	74.9x	65.4x	15.2x	13.9x
UNF UniFirst Corporation	4.6B	−0.59x	6.1%	2.07x	30.2x	27.1x	12.4x	11.6x
Mean		0.73x	7.4%	2.59x	34.4x	30.5x	12.2x	11.3x
Median		0.18x	6.5%	2.46x	24.9x	22.6x	13.0x	12.0x

Technical analysis

1M−1.3%
3M−15.1%
1Y+7.8%
3Y+67.3%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Brady Corporation, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	1,662	1,514	1,341	1,332	1,302	1,145
Cost of revenue	802	753	654	675	671	583
Gross profit	860	761	688	657	632	561
Selling, general & administrative expenses	467	430	377	371	380	347
Research & development	94.0	79.9	67.7	61.4	58.5	44.6
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	35.7	13.9	–	–	0	3.2
Other operating expenses	0	0	0	0	0	0
Operating income	263	237	243	225	193	167
Net interest income (expense)	−4.1	0.5	4.4	0.5	−1.0	3.9
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	259	237	248	226	192	171
Provision for taxes	54.0	47.8	50.6	50.8	42.0	35.6
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	0	0	−5.8
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	205	189	197	175	150	130
Extraordinary items	–	–	–	–	–	–
Net income	205	189	197	175	150	130
EBIT, normalized	299	251	243	225	193	170
EBITDA, normalized	344	291	273	258	227	196
Basic EPS, normalized	5.29	4.60	4.22	3.64	3.15	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Brady Corporation, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	187	174	250	152	114	147
Receivables	261	232	185	184	183	171
Total inventory	225	201	153	177	190	136
Prepaid expenses	15.2	14.7	11.4	11.8	10.7	11.1
Other current assets	0	0	0	0	0	0
Total current assets	689	622	600	525	498	465
Property, plant & equipment	322	284	234	172	171	164
Goodwill	686	677	590	593	587	614
Intangibles	97.8	105	51.8	62.1	74.0	92.3
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	57.2	46.1	40.1	37.9	37.6	42.6
Total assets	1,852	1,734	1,516	1,389	1,367	1,378
Liabilities
Accounts payable	109	105	84.7	79.9	81.1	82.2
Payable/accrued	–	–	–	–	–	–
Accrued expenses	145	129	105	99.8	104	112
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	–	–	–	–	–
Other current liabilities	102	95.9	74.6	78.4	69.8	63.5
Total current liabilities	356	330	265	258	255	258
Long-term debt	15.0	99.8	90.9	49.7	95.0	38.0
Minority interest	–	–	–	–	–	–
Other liabilities	124	112	93.3	90.6	106	119
Total liabilities	494	542	449	398	456	415
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.5	0.5	0.5	0.5	0.5	0.5
Additional paid-in capital	374	359	354	352	345	339
Retained earnings (accumulated deficit)	1,477	1,318	1,174	1,022	892	788
Treasury stock	−420	−393	−352	−290	−218	−109
Other equity	−74.8	−92.2	−110	−93.1	−109	−56.0
Total equity	1,358	1,192	1,067	991	911	963
Total liabilities & shareholders' equity	1,852	1,734	1,516	1,389	1,367	1,378

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Brady Corporation, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	205	189	197	175	150	130
Depreciation, depletion & amortization	44.9	40.6	29.9	32.4	34.2	25.5
Deferred taxes	2.4	−7.6	−9.4	−12.5	−1.6	−9.0
Non-cash items	21.2	9.3	8.8	3.4	11.7	15.0
Changes in working capital	−29.7	−50.4	28.6	11.0	−75.8	44.5
Cash from operations	244	181	255	209	118	206
Investing activities
Capital expenditures	−51.5	−27.6	−79.9	−19.2	−43.1	−27.2
Other investing cash flows	−7.5	−144	−1.2	8.0	0.1	−241
Cash from investing	−59.0	−171	−81.0	−11.2	−43.1	−269
Financing activities
Financing cash flow items	−15.6	−2.5	−2.6	−2.0	−5.0	−2.8
Cash dividends paid	−46.1	−45.5	−45.1	−45.4	−45.9	−45.7
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−116	−35.8	−22.8	−116	−51.1	36.2
Cash from financing	−177	−83.9	−70.5	−164	−102	−12.3
Foreign exchange effects	5.1	−1.8	−4.9	3.1	−6.6	4.9
Net change in cash	12.8	−75.8	98.6	37.5	−33.3	−70.3
Free cash flow	193	154	175	190	75.3	178

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.