Brady Corp key statistics and ratios

In fiscal 2026, Brady Corp had return on equity of 16.1%, an operating margin of 15.9%, debt equal to 1.1% of equity and a current ratio of 1.94. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Brady Corp: financial ratios, annual
Fiscal year	2010Jul 2010	2011Jul 2011	2012Jul 2012	2013Jul 2013	2014Jul 2014	2015Jul 2015	2016Jul 2016	2017Jul 2017	2018Jul 2018	2019Jul 2019	2020Jul 2020	2021Jul 2021	2022Jul 2022	2023Jul 2023	2024Jul 2024	2025Jul 2025	2026Jul 2026
Gross margin	49.5%	55.5%	55.2%	52.6%	49.8%	47.7%	49.9%	50.1%	50.1%	49.9%	48.9%	49.0%	48.5%	49.4%	51.3%	50.3%	51.7%
Operating margin	10.3%	13.8%	14.7%	−7.1%	−3.4%	3.0%	10.5%	11.8%	13.0%	14.0%	12.8%	14.6%	14.8%	16.9%	18.1%	15.6%	15.9%
Net margin	6.5%	10.3%	−1.7%	−13.3%	−3.8%	0.3%	7.1%	8.6%	7.8%	11.3%	10.4%	11.3%	11.5%	13.1%	14.7%	12.5%	12.4%
Free-cash-flow margin	11.0%	13.9%	11.3%	9.3%	4.1%	5.7%	10.9%	11.6%	10.3%	11.1%	10.5%	15.6%	5.8%	14.3%	13.1%	10.1%	11.6%
Return on equity	8.2%	10.1%	−1.7%	−16.8%	−5.9%	0.5%	13.4%	14.7%	13.0%	18.7%	15.5%	15.1%	16.0%	18.4%	19.2%	16.8%	16.1%
Return on assets	4.7%	6.0%	−1.0%	−10.1%	−3.4%	0.3%	7.6%	9.1%	8.6%	11.9%	9.8%	10.3%	10.9%	12.7%	13.6%	11.6%	11.5%
Asset turnover	0.72	0.59	0.62	0.76	0.91	1.01	1.06	1.06	1.11	1.05	0.94	0.91	0.95	0.97	0.92	0.93	0.93
Current ratio	2.28	2.51	2.44	1.58	1.59	1.90	2.44	2.18	2.47	2.37	2.74	1.81	1.95	2.03	2.27	1.88	1.94
Debt to equity	44.2%	34.0%	31.3%	37.7%	35.9%	43.2%	35.9%	15.4%	7.5%	7.2%	0.0%	3.9%	10.4%	5.0%	8.5%	8.4%	1.1%
Interest cover (operating income ÷ interest)	6.1x	6.6x	8.3x	n/m	n/m	3.2x	15.1x	23.8x	48.2x	57.4x	63.7x	—	151.3x	63.6x	77.9x	49.9x	27.2x
Effective tax rate	25.1%	27.7%	26.4%	—	—	80.4%	26.7%	24.5%	40.1%	20.3%	20.1%	20.8%	21.9%	22.5%	20.4%	20.2%	20.8%
R&D as % of revenue	3.4%	3.6%	3.2%	2.9%	2.9%	3.1%	3.2%	3.6%	3.9%	3.9%	3.8%	3.9%	4.5%	4.6%	5.1%	5.3%	5.7%
SG&A as % of revenue	34.6%	37.5%	36.6%	37.0%	36.9%	36.1%	36.1%	34.8%	33.3%	32.0%	31.1%	30.6%	29.2%	27.8%	28.1%	29.4%	30.2%
Capital spending as % of revenue	2.1%	1.9%	2.3%	3.1%	3.5%	2.3%	1.5%	1.4%	1.9%	2.8%	2.5%	2.4%	3.3%	1.4%	6.0%	1.8%	3.1%
Free cash flow ÷ net income	169.5%	135.1%	—	—	—	>999%	152.1%	134.7%	133.2%	98.6%	101.2%	137.7%	50.2%	108.6%	88.8%	81.2%	93.8%
Dividends ÷ net income	44.9%	35.0%	—	—	—	>999%	50.9%	43.8%	47.1%	34.1%	40.7%	35.3%	30.6%	26.0%	22.8%	24.1%	22.5%
Dividends and buybacks ÷ free cash flow	28.3%	25.9%	73.7%	41.1%	142.1%	61.5%	52.8%	32.5%	36.6%	37.0%	97.0%	27.6%	206.0%	63.4%	67.0%	62.7%	45.9%

US$ thousands unless shown otherwise. Fiscal quarters.

Brady Corp: financial ratios, quarterly
Quarter	2025 Q1Oct 2024	2025 Q2Jan 2025	2025 Q3Apr 2025	2025 Q4Jul 2025	2026 Q1Oct 2025	2026 Q2Jan 2026	2026 Q3Apr 2026	2026 Q4Jul 2026
Gross margin	50.3%	49.3%	51.0%	50.4%	51.5%	50.6%	51.8%	52.9%
Operating margin	15.6%	14.4%	17.6%	14.9%	16.8%	16.2%	16.8%	13.8%
Net margin	12.4%	11.3%	13.7%	12.6%	13.3%	12.5%	13.3%	10.4%
Free-cash-flow margin	4.3%	9.1%	14.5%	12.4%	5.5%	11.0%	15.4%	13.9%
Current ratio	1.84	1.90	1.87	1.88	2.07	2.13	2.01	1.94
Debt to equity	—	—	—	8.4%	9.3%	6.0%	2.0%	1.1%
R&D as % of revenue	5.0%	5.2%	5.0%	5.8%	5.7%	6.3%	5.4%	5.2%
SG&A as % of revenue	29.7%	29.7%	28.4%	29.7%	29.0%	28.1%	29.6%	33.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

6 of 6 checks passed · July 31, 2026

What it owns · $1.9bn

Short-term assets $689mLonger-term assets $1.2bn

What it owes, and who funded it · $1.9bn

Short-term liabilities $356mLonger-term liabilities $139mShareholders' equity $1.4bn

Short-term assets cover short-term liabilities $689m of assets due within a year against $356m of liabilities due within a year.
Short-term assets cover long-term liabilities $689m short-term assets against $139m of longer-dated liabilities.
More cash than debt $187m of cash against $15m of debt.
Debt below 40% of shareholders' equity Debt is 1% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $244m of operating cash flow against $15m of debt.
Operating profit covers interest at least five times over Operating income of $263m against $10m of interest.

From Brady Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

81 /100

Strong moat

How hard Brady's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 20 / 20

Cash operating profit has been a median 16.7% of total assets over 10 years.
Pricing power 17 / 20

Gross margin has been a median 50.0%, moving by 1.0 percentage points (standard deviation) across 10 years.
Durability 14 / 20

Operating margin has been a median 14.7%; its worst year was 11.8%.
Cash conversion 16 / 20

Free cash flow was positive in 10 of 10 years, at a median 11.4% of revenue.
Discipline 20 / 20

The diluted share count fell 8.9% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (86 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from Brady Corp's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Brady Corp.