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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.93B | $2.69B | $2.42B | $2.02B | $1.76B | $1.52B |
| Cost of Revenue | $2.24B | $2.07B | $1.89B | $1.54B | $1.34B | $1.21B |
| Gross Profit | $697.19M | $619.61M | $531.72M | $478.65M | $415.01M | $304.55M |
| R&D | - | - | - | - | - | - |
| SG&A | $376.38M | $354.64M | $327.07M | $289.16M | $256.82M | $219.56M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $93.40M | $97.92M | $110.68M | $106.14M | $108.83M | $111.66M |
| Operating Income | $314.67M | $246.62M | $171.24M | $157.59M | $129.02M | $53.33M |
| Interest Expense | $44.76M | $48.76M | - | - | - | - |
| Income Tax | $76.79M | $57.67M | $45.41M | $31.54M | $19.89M | ($11.34M) |
| Net Income | $193.12M | $140.19M | $74.22M | $80.64M | $70.46M | $26.99M |
| EPS - Basic | $3.39 | $2.42 | $1.28 | $1.38 | $1.16 | $0.45 |
| EPS - Diluted | $3.36 | $2.40 | $1.28 | $1.37 | $1.15 | $0.45 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $140.09M | $110.33M | $71.57M | $36.22M | $260.98M | $384.34M |
| Accounts Receivable | $293.98M | $283.34M | $281.71M | $217.17M | $210.97M | $176.62M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $27.91M | $32.84M | $24.80M | $24.65M | $8.50M | $29.96M |
| Current Assets | $503.97M | $496.03M | $446.90M | $347.71M | $540.27M | $624.18M |
| Total Assets | $3.89B | $3.85B | $3.90B | $3.80B | $3.64B | $3.73B |
| Current Liabilities | $966.16M | $779.40M | $799.43M | $786.29M | $622.17M | $530.81M |
| Long-term Debt | $747.61M | $918.45M | $944.26M | $961.58M | $976.40M | $1.02B |
| Total Liabilities | $2.55B | $2.57B | $2.68B | $2.72B | $2.46B | $2.44B |
| Stockholders' Equity | $1.34B | $1.28B | $1.21B | $1.08B | $1.18B | $1.28B |
| Retained Earnings | $959.13M | $766.02M | $625.83M | $551.60M | $470.96M | $400.50M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $350.73M | $337.46M | $256.14M | $188.47M | $227.25M | $209.57M |
| Investing Cash Flow | ($103.79M) | ($117.76M) | ($126.94M) | ($278.05M) | ($117.39M) | ($83.83M) |
| Financing Cash Flow | ($233.43M) | ($183.81M) | ($91.63M) | ($121.34M) | ($230.03M) | $229.00M |
| CapEx | $92.18M | $97.31M | $91.02M | $70.56M | $63.49M | $84.74M |
| Free Cash Flow | $258.55M | $240.15M | $165.12M | $117.92M | $163.76M | $124.83M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 23.8% | 23.1% | 22.0% | 23.7% | 23.6% | 20.1% |
| Operating margin | 10.7% | 9.2% | 7.1% | 7.8% | 7.4% | 3.5% |
| EBITDA margin | 13.9% | 12.8% | 11.7% | 13.1% | 13.6% | 10.9% |
| Net margin | 6.6% | 5.2% | 3.1% | 4.0% | 4.0% | 1.8% |
| Free cash flow margin | 8.8% | 8.9% | 6.8% | 5.8% | 9.3% | 8.2% |
| FCF / Net income | 1.34 | 1.71 | 2.22 | 1.46 | 2.32 | 4.62 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 12.8% | 13.2% | 13.5% | 14.3% | 14.6% | 14.5% |
| Effective tax rate | 28.5% | 29.1% | 38.0% | 28.1% | 22.0% | -72.5% |
| Return on assets | 5.0% | 3.6% | 1.9% | 2.1% | 1.9% | 0.7% |
| Return on equity | 14.4% | 11.0% | 6.1% | 7.5% | 6.0% | 2.1% |
| Return on invested capital | 10.8% | 8.0% | 4.9% | 5.5% | 4.7% | 2.3% |
| Liquidity | ||||||
| Current ratio | 0.52 | 0.64 | 0.56 | 0.44 | 0.87 | 1.18 |
| Quick ratio | 0.52 | 0.64 | 0.56 | 0.44 | 0.87 | 1.18 |
| Cash ratio | 0.14 | 0.14 | 0.09 | 0.05 | 0.42 | 0.72 |
| Leverage | ||||||
| Debt / Equity | 0.56 | 0.72 | 0.78 | 0.89 | 0.83 | 0.79 |
| Debt / Assets | 0.19 | 0.24 | 0.24 | 0.25 | 0.27 | 0.27 |
| Debt / EBITDA | 1.83 | 2.67 | 3.35 | 3.65 | 4.11 | 6.18 |
| Interest coverage | 7.0x | 5.1x | - | - | - | - |
| Equity multiplier | 2.90 | 3.01 | 3.21 | 3.52 | 3.09 | 2.90 |
| Liabilities / Assets | 0.66 | 0.67 | 0.69 | 0.72 | 0.68 | 0.66 |
| Efficiency | ||||||
| Asset turnover | 0.75 | 0.70 | 0.62 | 0.53 | 0.48 | 0.41 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 37d | 39d | 43d | 39d | 44d | 43d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 5d | 6d | 5d | 6d | 2d | 9d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 30.2x | 46.2x | 73.6x | 46.1x | 109.5x | 384.4x |
| P / B | 4.3x | 5.1x | 4.5x | 3.4x | 6.5x | 8.1x |
| P / S | 2.0x | 2.4x | 2.3x | 1.8x | 4.4x | 6.9x |
| EV / EBITDA | 15.8x | 21.2x | 22.5x | 17.5x | 35.2x | 67.1x |
| Growth | ||||||
| Revenue growth (YoY) | 9.2% | 11.1% | 19.7% | 15.1% | 15.9% | -13.0% |
| Revenue CAGR (3y) | 13.2% | 15.2% | 16.9% | 5.1% | -2.7% | -4.5% |
| Revenue CAGR (5y) | 14.1% | 9.1% | 4.9% | 3.0% | 2.3% | 0.8% |
| Gross profit growth (YoY) | 12.5% | 16.5% | 11.1% | 15.3% | 36.3% | -41.8% |
| Operating income growth (YoY) | 27.6% | 44.0% | 8.7% | 22.1% | 141.9% | -80.1% |
| Net income growth (YoY) | 37.8% | 88.9% | -8.0% | 14.5% | 161.0% | -85.0% |
| EPS growth (YoY) | 40.0% | 87.5% | -6.6% | 19.1% | 155.6% | -85.2% |
| EPS CAGR (3y) | 34.9% | 27.8% | 41.7% | -23.4% | -24.4% | -44.2% |
| EPS CAGR (5y) | 49.5% | -4.7% | -13.6% | -12.0% | -5.8% | -21.4% |
| FCF growth (YoY) | 7.7% | 45.4% | 40.0% | -28.0% | 31.2% | -42.9% |
| FCF CAGR (5y) | 15.7% | 1.9% | -4.0% | -4.5% | 3.5% | 6.2% |
| Book value growth (YoY) | 4.8% | 5.4% | 12.2% | -8.4% | -8.1% | 32.2% |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.35
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
8/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
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.