Short answer

BRINKS CO (BCO) filed its fiscal 2025 10-K annual report with the SEC on Feb 26, 2026. It reported revenue of $5.3B (+5.0% year over year) and net income of $200M.

Top risk flagged: Regulatory/legal risk: Chilean antitrust agency FNE complaint alleging 2017-2018 collusion, $30.5 million fine sought against Brink’s Chile

FY2025 key financial metrics · XBRL

Revenue: $5.3B; +5.0% YoY
Net income: $200M; +22.6% YoY
Operating margin: 11.1%; +2.1 pp YoY
EPS (diluted): $4.69; +29.2% YoY
ROE: 71.9%; −16.2 pp YoY
Operating cash flow: $640M; +50.1% YoY

Source: XBRL data from the BRINKS CO (BCO) FY2025 10-K on SEC EDGAR. USD.

BRINKS CO FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

Core business: global cash and valuables management, digital retail solutions, and ATM managed services across 100+ countries
Emphasis on tech-enabled Digital Retail Solutions and ATM Managed Services, revenue grew to $1.5B in 2025 from $1.2B in 2024
Strategic shift prioritizing "Innovate to Grow" with focus on technology and continuous improvement via Brink's Business System
Workforce 65,400 employees, slight increase from 63,600 full-time and 1,800 part-time in prior year, with 89% outside U.S.
Noteworthy: launched global Employee Voice Program survey in 2025 to enhance employee experience and culture through feedback

Management Discussion & Analysis

Revenue not explicitly provided; operating profit increased contributing to $213.5M rise in operating cash flows in 2025 vs 2024
Operating margin data not disclosed; free cash flow before dividends rose $35.6M to $435.5M in 2025 from 2024
Best segment performance: Europe with $87.0M capex; worst capex decline in Latin America ($8.8M decrease)
Capital allocation: $628M invested in infrastructure, $583M share repurchases, $124M dividends paid, $39M acquisitions over 3 years
2025 dividends $42.3M ($1.0075/share), slight increase from $41.8M in 2024; Debt 91% of capitalization down from 93% 2024

Risk Factors

Regulatory/legal risk: Chilean antitrust agency FNE complaint alleging 2017-2018 collusion, $30.5 million fine sought against Brink’s Chile
Macroeconomic risk: Material increases in inflation could significantly raise cash needs beyond current $1.7 billion cash and equivalents
Operational vulnerability: Reliance on actuarial assumptions in U.S. pension plans with $568 million benefit obligation sensitive to discount rate changes
Market disruption risk: Potential impairment of $1.5 billion goodwill if adverse macroeconomic or market conditions deteriorate reported fair values
Financial risk: U.S. tax law changes (One Big Beautiful Bill Act 2025) raised valuation allowance $12 million, limiting use of foreign tax credits

Generated from the filing text; verify against the original. How to read a 10-K

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