BFAM · Bright Horizons Family Solutions Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $712.22M | - | $802.81M | $731.57M | $665.53M | - | $719.10M | $670.06M | $622.71M | - |
| Cost of Revenue | $548.73M | - | $585.76M | $549.02M | $509.79M | - | $537.56M | $507.65M | $487.58M | - |
| Gross Profit | $163.49M | - | $217.05M | $182.55M | $155.74M | - | $181.53M | $162.41M | $135.13M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $97.35M | - | $94.73M | $94.83M | $91.86M | - | $89.50M | $87.50M | $87.55M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $23.23M | - | $22.50M | $25.50M | $21.88M | - | - | - | $27.63M | - |
| Operating Income | $64.95M | - | $120.85M | $86.05M | $62.27M | - | $89.40M | $69.06M | $39.94M | - |
| Interest Expense | $12.02M | - | $12.21M | $10.55M | $13.68M | - | $12.22M | $12.22M | - | - |
| Income Tax | $18.82M | - | $30.08M | $20.72M | $13.87M | - | $22.88M | $17.87M | $9.27M | - |
| Net Income | $34.11M | - | $78.55M | $54.77M | $38.05M | - | $54.91M | $39.17M | $16.99M | - |
| EPS - Basic | $0.63 | - | $1.38 | $0.96 | $0.66 | - | $0.95 | $0.68 | $0.29 | - |
| EPS - Diluted | $0.62 | - | $1.37 | $0.95 | $0.66 | - | $0.94 | $0.67 | $0.29 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $133.45M | $140.09M | $116.60M | $179.22M | $112.05M | $110.33M | $109.93M | $140.25M | $63.68M | $71.57M |
| Accounts Receivable | $215.73M | $293.98M | $246.65M | $197.89M | $239.20M | $283.34M | $231.53M | $184.99M | $219.76M | $281.71M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | $27.91M | - | - | - | $32.84M | - | - | - | $24.80M |
| Current Assets | $429.75M | $503.97M | $454.70M | $472.80M | $448.48M | $496.03M | $404.02M | $396.02M | $348.22M | $446.90M |
| Total Assets | $3.79B | $3.89B | $3.88B | $3.92B | $3.82B | $3.85B | $3.91B | $3.84B | $3.79B | $3.90B |
| Current Liabilities | $927.77M | $966.16M | $841.14M | $839.10M | $744.25M | $779.40M | $666.89M | $712.49M | $686.42M | $799.43M |
| Long-term Debt | $897.70M | $747.61M | $747.52M | $796.96M | $872.75M | $918.45M | $925.65M | $931.86M | $938.06M | $944.26M |
| Total Liabilities | $2.65B | $2.55B | $2.46B | $2.52B | $2.50B | $2.57B | $2.52B | $2.55B | $2.56B | $2.68B |
| Stockholders' Equity | $1.15B | $1.34B | $1.43B | $1.40B | $1.32B | $1.28B | $1.40B | $1.28B | $1.23B | $1.21B |
| Retained Earnings | $993.24M | $959.13M | $937.39M | $858.84M | $804.07M | $766.02M | $736.89M | $681.99M | $642.81M | $625.83M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $107.72M | - | - | - | $86.18M | - | - | - | $116.30M | - |
| Investing Cash Flow | ($19.51M) | - | - | - | ($14.54M) | - | - | - | ($38.05M) | - |
| Financing Cash Flow | ($93.32M) | - | - | - | ($73.41M) | - | - | - | ($97.63M) | - |
| CapEx | $20.12M | - | - | - | $15.23M | - | - | - | $19.37M | - |
| Free Cash Flow | $87.60M | - | - | - | $70.95M | - | - | - | $96.93M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 23.0% | - | 27.0% | 25.0% | 23.4% | - | 25.2% | 24.2% | 21.7% | - |
| Operating margin | 9.1% | - | 15.1% | 11.8% | 9.4% | - | 12.4% | 10.3% | 6.4% | - |
| EBITDA margin | 12.4% | - | 17.9% | 15.2% | 12.6% | - | - | - | 10.9% | - |
| Net margin | 4.8% | - | 9.8% | 7.5% | 5.7% | - | 7.6% | 5.8% | 2.7% | - |
| Free cash flow margin | 12.3% | - | - | - | 10.7% | - | - | - | 15.6% | - |
| FCF / Net income | 2.57 | - | - | - | 1.86 | - | - | - | 5.71 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 13.7% | - | 11.8% | 13.0% | 13.8% | - | 12.4% | 13.1% | 14.1% | - |
| Effective tax rate | 35.6% | - | 27.7% | 27.4% | 26.7% | - | 29.4% | 31.3% | 35.3% | - |
| Return on assets | 0.9% | - | 2.0% | 1.4% | 1.0% | - | 1.4% | 1.0% | 0.4% | - |
| Return on equity | 3.0% | - | 5.5% | 3.9% | 2.9% | - | 3.9% | 3.1% | 1.4% | - |
| Return on invested capital | 2.0% | - | 4.0% | 2.8% | 2.1% | - | 2.7% | 2.1% | 1.2% | - |
| Liquidity | ||||||||||
| Current ratio | 0.46 | 0.52 | 0.54 | 0.56 | 0.60 | 0.64 | 0.61 | 0.56 | 0.51 | 0.56 |
| Quick ratio | 0.46 | 0.52 | 0.54 | 0.56 | 0.60 | 0.64 | 0.61 | 0.56 | 0.51 | 0.56 |
| Cash ratio | 0.14 | 0.14 | 0.14 | 0.21 | 0.15 | 0.14 | 0.16 | 0.20 | 0.09 | 0.09 |
| Leverage | ||||||||||
| Debt / Equity | 0.78 | 0.56 | 0.52 | 0.57 | 0.66 | 0.72 | 0.66 | 0.73 | 0.76 | 0.78 |
| Debt / Assets | 0.24 | 0.19 | 0.19 | 0.20 | 0.23 | 0.24 | 0.24 | 0.24 | 0.25 | 0.24 |
| Debt / EBITDA | 10.18 | - | 5.21 | 7.14 | 10.37 | - | - | - | 13.88 | - |
| Interest coverage | 5.4x | - | 9.9x | 8.2x | 4.6x | - | 7.3x | 5.7x | - | - |
| Equity multiplier | 3.31 | 2.90 | 2.72 | 2.80 | 2.89 | 3.01 | 2.80 | 2.99 | 3.08 | 3.21 |
| Liabilities / Assets | 0.70 | 0.66 | 0.63 | 0.64 | 0.65 | 0.67 | 0.64 | 0.67 | 0.68 | 0.69 |
| Efficiency | ||||||||||
| Asset turnover | 0.19 | - | 0.21 | 0.19 | 0.17 | - | 0.18 | 0.17 | 0.16 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 111d | - | 112d | 99d | 131d | - | 118d | 101d | 129d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 132.5x | - | 79.2x | 130.1x | 192.5x | - | 149.1x | 164.3x | 390.9x | - |
| P / B | 3.9x | - | 4.4x | 5.1x | 5.6x | - | 5.9x | 5.0x | 5.4x | - |
| P / S | 6.3x | - | 7.8x | 9.7x | 11.1x | - | 11.4x | 9.6x | 10.6x | - |
| EV / EBITDA | 59.6x | - | 47.9x | 69.5x | 96.5x | - | - | - | 110.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 7.0% | - | 11.6% | 9.2% | 6.9% | - | 11.4% | 11.1% | 12.5% | - |
| Revenue CAGR (3y) | 8.8% | - | 14.1% | 14.3% | 13.1% | - | 16.0% | 14.9% | 16.8% | - |
| Revenue CAGR (5y) | 12.8% | - | 18.9% | 20.0% | 5.6% | - | 7.0% | 4.9% | 4.4% | - |
| Gross profit growth (YoY) | 5.0% | - | 19.6% | 12.4% | 15.3% | - | 15.2% | 18.9% | 11.1% | - |
| Operating income growth (YoY) | 4.3% | - | 35.2% | 24.6% | 55.9% | - | 33.8% | 51.7% | 30.3% | - |
| Net income growth (YoY) | -10.4% | - | 43.1% | 39.8% | 124.0% | - | 37.3% | 90.2% | 109.1% | - |
| EPS growth (YoY) | -6.1% | - | 45.7% | 41.8% | 127.6% | - | 36.2% | 91.4% | 107.1% | - |
| EPS CAGR (3y) | 64.2% | - | 64.1% | 45.3% | 76.5% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | 4.9% | - | 6.4% | -4.2% | -16.4% | - |
| FCF growth (YoY) | 23.5% | - | - | - | -26.8% | - | - | - | 102.0% | - |
| FCF CAGR (5y) | 11.7% | - | - | - | 8.6% | - | - | - | 3.2% | - |
| Book value growth (YoY) | -13.5% | 4.8% | 2.0% | 9.0% | 7.7% | 5.4% | 20.1% | 11.6% | 11.4% | 12.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.93B totalFull Service Center Based Care$2.08B · 70.9%
Backup Dependent Care$727.99M · 24.8%
Educational Advisory And Other Services$124.50M · 4.2%
Geographic
$2.59B totalNorth America$1.30B · 50.3%
Outside North America$778.45M · 30.1%
GB$506.90M · 19.6%
Peer comparison
Same SIC group: Services-Child Day Care Services
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| KLC | $2.73B | -4.1% | -14.9% |
Comparing BRIGHT HORIZONS FAMILY SOLUTIONS INC. against the 1 most active filer in the same SIC group.