BRP Group (BRP Group) EBIT : $-43 Mil (TTM As of Dec. 2023)

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What is BRP Group EBIT?

BRP Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-30 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-43 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BRP Group's annualized ROC % for the quarter that ended in Dec. 2023 was -3.29%. BRP Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -83.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BRP Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.34%.

BRP Group EBIT Historical Data

The historical data trend for BRP Group's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BRP Group EBIT Chart

BRP Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-11.80

-22.03

-31.20

-4.96

-43.27

BRP Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-65.43	2.11	-13.86	-1.27	-30.25

Competitive Comparison of BRP Group's EBIT

For the Insurance Brokers subindustry, BRP Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BRP Group's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, BRP Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where BRP Group's EV-to-EBIT falls into.

BRP Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-43 Mil.

BRP Group (NAS:BRP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

BRP Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-94.828 * ( 1 - -0.61% )	/	( (2838.868	+	2966.325)	/ 2 )
=	-95.4064508	/	2902.5965
=	-3.29 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3423.498	-	581.006	-	( 78.965	-	max(0, 798.499	-	802.123	+	78.965	))
=	2838.868

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3501.937	-	643.147	-	( 116.209	-	max(0, 1033.44	-	925.905	+	116.209	))
=	2966.325

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

BRP Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-121	/	( ( (112.964 + max(50.111, 0))	+	(108.186 + max(19.885, 0)) )	/	2 )
=	-121	/	( ( 163.075	+	128.071 )	/	2 )
=	-121	/	145.573
=	-83.12 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(595.359	+	0	+	127.799)	-	(581.006	+	30.565	+	61.476)
=	50.111

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(627.791	+	0	+	181.905)	-	(643.147	+	30.281	+	116.383)
=	19.885

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

BRP Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-43.269	/	3240.871
	=	-1.34 %

BRP Group EBIT Related Terms

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BRP Group (BRP Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » BRP Group Inc (NAS:BRP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4211 W. Boy Scout Boulevard, Suite 200, Tampa, FL, USA, 33607

Website

https://www.baldwinriskpartners.com

BRP Group Inc is a United States-based insurance distribution firm. Its products include commercial property and casualty, or P&C, insurance, employee benefits insurance and personal lines insurance. The company operates its business through four segments including Middle Market, Specialty, Mainstreet, and Medicare. It generates maximum revenue from the Middle Market segment.

Executives

Bradford Hale	officer: Chief Accounting Officer	4010 W BOY SCOUT BLVD, SUITE 200, TAMPA FL 33607
John A. Valentine	officer: Chief Partnership Officer	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Laura Sherman	10 percent owner, other: Member of 10% owner group	4010 W BOY SCOUT BLVD, SUITE 200, TAMPA FL 33607
Lowry Baldwin	director, officer: Chairman	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Daniel Galbraith	officer: Chief Operating Officer	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Trevor Baldwin	director, officer: Chief Executive Officer	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Kristopher Aaron Wiebeck	officer: Chief Financial Officer	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Seth Bala Cohen	officer: General Counsel	C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607
Sathish Muthukrishnan	director	601 S. TRYON STREET, CHARLOTTE NC 28202
Baldwin Insurance Group Holdings, Llc	10 percent owner, other: Member of 10% owner group	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Ellyn Shook	director	C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Myron K Williams	director	C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607
Sunita Parasuraman	director	C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607
Jay A Cohen	director	C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607
Galloway Corbyn N.	officer: Chief Accounting Officer	C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607