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Side-by-side financial comparison of Brown & Brown (BRO) and Coterra (CTRA). Click either name above to swap in a different company.

Coterra is the larger business by last-quarter revenue ($1.8B vs $1.6B, roughly 1.1× Brown & Brown). Coterra runs the higher net margin — 20.6% vs 16.5%, a 4.1% gap on every dollar of revenue. On growth, Brown & Brown posted the faster year-over-year revenue change (35.8% vs 23.8%). Over the past eight quarters, Brown & Brown's revenue compounded faster (13.0% CAGR vs 11.8%).

Brown & Brown, Inc. is an American insurance brokerage firm headquartered in Daytona Beach, Florida. It is one of the largest independent insurance intermediaries in the United States, providing risk management solutions, insurance products, and services to businesses, governmental institutions, professional organizations, trade associations, and individuals.

Coterra Energy Inc. is an American energy company engaged in hydrocarbon exploration based in Houston, Texas. The company has operations in the Permian Basin, Marcellus Shale, and the Anadarko Basin.

BRO vs CTRA — Head-to-Head

Bigger by revenue
CTRA
CTRA
1.1× larger
CTRA
$1.8B
$1.6B
BRO
Growing faster (revenue YoY)
BRO
BRO
+12.1% gap
BRO
35.8%
23.8%
CTRA
Higher net margin
CTRA
CTRA
4.1% more per $
CTRA
20.6%
16.5%
BRO
Faster 2-yr revenue CAGR
BRO
BRO
Annualised
BRO
13.0%
11.8%
CTRA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BRO
BRO
CTRA
CTRA
Revenue
$1.6B
$1.8B
Net Profit
$265.0M
$368.0M
Gross Margin
Operating Margin
31.9%
Net Margin
16.5%
20.6%
Revenue YoY
35.8%
23.8%
Net Profit YoY
26.8%
23.9%
EPS (diluted)
$0.55
$0.47

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BRO
BRO
CTRA
CTRA
Q4 25
$1.6B
$1.8B
Q3 25
$1.6B
$1.8B
Q2 25
$1.3B
$1.7B
Q1 25
$1.4B
$2.0B
Q4 24
$1.2B
$1.4B
Q3 24
$1.2B
$1.3B
Q2 24
$1.2B
$1.3B
Q1 24
$1.3B
$1.4B
Net Profit
BRO
BRO
CTRA
CTRA
Q4 25
$265.0M
$368.0M
Q3 25
$227.0M
$322.0M
Q2 25
$231.0M
$511.0M
Q1 25
$331.0M
$516.0M
Q4 24
$209.0M
$297.0M
Q3 24
$234.0M
$252.0M
Q2 24
$257.0M
$220.0M
Q1 24
$293.0M
$352.0M
Operating Margin
BRO
BRO
CTRA
CTRA
Q4 25
31.9%
Q3 25
26.8%
Q2 25
40.9%
Q1 25
34.8%
Q4 24
23.3%
22.5%
Q3 24
26.7%
25.3%
Q2 24
29.4%
23.0%
Q1 24
28.9%
30.7%
Net Margin
BRO
BRO
CTRA
CTRA
Q4 25
16.5%
20.6%
Q3 25
14.1%
18.3%
Q2 25
18.0%
29.5%
Q1 25
23.6%
25.6%
Q4 24
17.7%
20.5%
Q3 24
19.7%
19.5%
Q2 24
21.8%
17.1%
Q1 24
23.3%
24.6%
EPS (diluted)
BRO
BRO
CTRA
CTRA
Q4 25
$0.55
$0.47
Q3 25
$0.68
$0.42
Q2 25
$0.78
$0.67
Q1 25
$1.15
$0.68
Q4 24
$0.73
$0.40
Q3 24
$0.81
$0.34
Q2 24
$0.90
$0.29
Q1 24
$1.02
$0.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BRO
BRO
CTRA
CTRA
Cash + ST InvestmentsLiquidity on hand
$1.1B
$114.0M
Total DebtLower is stronger
$7.6B
$3.8B
Stockholders' EquityBook value
$12.6B
$14.8B
Total Assets
$30.0B
$24.2B
Debt / EquityLower = less leverage
0.61×
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRO
BRO
CTRA
CTRA
Q4 25
$1.1B
$114.0M
Q3 25
$1.2B
$98.0M
Q2 25
$8.9B
$192.0M
Q1 25
$669.0M
$186.0M
Q4 24
$685.0M
$2.0B
Q3 24
$968.0M
$843.0M
Q2 24
$1.1B
$1.3B
Q1 24
$591.0M
$1.5B
Total Debt
BRO
BRO
CTRA
CTRA
Q4 25
$7.6B
$3.8B
Q3 25
$7.7B
$3.9B
Q2 25
$7.5B
$4.2B
Q1 25
$3.8B
$4.3B
Q4 24
$3.8B
$3.5B
Q3 24
$3.6B
$2.1B
Q2 24
$4.1B
$2.6B
Q1 24
$3.9B
$2.7B
Stockholders' Equity
BRO
BRO
CTRA
CTRA
Q4 25
$12.6B
$14.8B
Q3 25
$12.4B
$14.7B
Q2 25
$11.6B
$14.6B
Q1 25
$6.8B
$14.2B
Q4 24
$6.4B
$13.1B
Q3 24
$6.5B
$13.0B
Q2 24
$6.0B
$13.0B
Q1 24
$5.8B
$13.1B
Total Assets
BRO
BRO
CTRA
CTRA
Q4 25
$30.0B
$24.2B
Q3 25
$29.4B
$24.0B
Q2 25
$25.6B
$24.0B
Q1 25
$16.8B
$24.0B
Q4 24
$17.6B
$21.6B
Q3 24
$17.5B
$20.1B
Q2 24
$15.9B
$20.8B
Q1 24
$14.8B
$21.0B
Debt / Equity
BRO
BRO
CTRA
CTRA
Q4 25
0.61×
0.26×
Q3 25
0.62×
0.27×
Q2 25
0.65×
0.29×
Q1 25
0.56×
0.30×
Q4 24
0.59×
0.27×
Q3 24
0.55×
0.16×
Q2 24
0.68×
0.20×
Q1 24
0.67×
0.20×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BRO
BRO
CTRA
CTRA
Operating Cash FlowLast quarter
$444.0M
$970.0M
Free Cash FlowOCF − Capex
$424.0M
FCF MarginFCF / Revenue
26.4%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
1.68×
2.64×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRO
BRO
CTRA
CTRA
Q4 25
$444.0M
$970.0M
Q3 25
$468.0M
$971.0M
Q2 25
$325.0M
$936.0M
Q1 25
$213.0M
$1.1B
Q4 24
$361.0M
$626.0M
Q3 24
$440.0M
$755.0M
Q2 24
$360.0M
$558.0M
Q1 24
$13.0M
$856.0M
Free Cash Flow
BRO
BRO
CTRA
CTRA
Q4 25
$424.0M
Q3 25
$452.0M
Q2 25
$310.0M
Q1 25
$196.0M
Q4 24
$341.0M
Q3 24
$417.0M
Q2 24
$334.0M
Q1 24
$0
FCF Margin
BRO
BRO
CTRA
CTRA
Q4 25
26.4%
Q3 25
28.1%
Q2 25
24.1%
Q1 25
14.0%
Q4 24
28.8%
Q3 24
35.2%
Q2 24
28.4%
Q1 24
0.0%
Capex Intensity
BRO
BRO
CTRA
CTRA
Q4 25
1.2%
Q3 25
1.0%
Q2 25
1.2%
Q1 25
1.2%
Q4 24
1.7%
Q3 24
1.9%
Q2 24
2.2%
Q1 24
1.0%
Cash Conversion
BRO
BRO
CTRA
CTRA
Q4 25
1.68×
2.64×
Q3 25
2.06×
3.02×
Q2 25
1.41×
1.83×
Q1 25
0.64×
2.22×
Q4 24
1.73×
2.11×
Q3 24
1.88×
3.00×
Q2 24
1.40×
2.54×
Q1 24
0.04×
2.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BRO
BRO

US$1.4B87%
GB$147.0M9%
Profit Sharing Contingent Commission Revenue$33.0M2%
Other Supplemental Commissions Revenue$25.0M2%

CTRA
CTRA

Oil And Condensate$941.0M53%
Natural Gas Production$615.0M34%
Natural Gas Liquids Reserves$206.0M12%
Other Revenues$28.0M2%

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