Forensic Analysis · Industrials / Manufacturing / Defense · as of Sep 25, 2026
Brunswick Corp (BC)
A forensic read on Brunswick Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
4.0
Distress distance
Clean
Earnings quality
2
Forensic signals
-52.4
P / E (ttm)
-8.4%
ROE
$4.3B
Market cap
2.04%
Dividend yield
2.4%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Brunswick Corp earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 4.0, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-0.8%
FY2025
Return on invested capital.Return on invested capital is -0.8% in the latest fiscal year and slipping across FY2023–FY2025 from 11.3%. After-tax operating profit was $506M in FY2023 and ($32M) in FY2025, with operating income at 11.5% of revenue in FY2023, 5.9% in FY2024 and -0.8% in FY2025. The capital base behind it came down -12% across FY2023–FY2025, from $4.5B to $3.9B, so this is a return struck on a smaller base rather than a record of money put to work. FY2025's operating profit carried a $306M goodwill write-off that alone took about 6.2 points off that year's return, so about 6.2 of the 12.1-point fall across FY2023–FY2025 is that charge landing in the latest year rather than the capital earning less. FY2024's operating profit carried a $80M goodwill write-off that alone took about 1.3 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it.
$386M
FY2024–FY2025
Goodwill impairments.Took $386M of goodwill writedowns across 2 years (FY2024 ($80M), FY2025 ($306M)). Writedowns mean past acquisitions underperformed what was paid for them.
Key fundamentals
Latest Revenue$5.36B
Revenue Growth YoY+2.4%
Revenue CAGR (2yr)-8.5%
Net Margin-2.6%
Free Cash Flow$396.3M
Return on Equity-8.4%
Debt / Equity1.29x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Brunswick Corp's actual 10-K/10-Q/8-K filings?