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Stocks · Services-Child Day Care Services

BRIGHT HORIZONS FAMILY SOLUTIONS INC.

BFAM Clue Score61
United States Fiscal year ends December CIK 0001437578
$69.45 +0.81% Close, 9 Oct 2026
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Price $69.45 −55.58% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,569.8Operating income197.2Net income94.8EPS, diluted1.55Fiscal year 2017Revenue1,740.9 +10.9%Operating income205.4Net income157.0 +65.6%EPS, diluted2.59 +67.1%Fiscal year 2018Revenue1,903.2 +9.3%Operating income239.1Net income158.0 +0.6%EPS, diluted2.66 +2.7%Fiscal year 2019Revenue2,062.0 +8.3%Operating income267.8Net income180.4 +14.2%EPS, diluted3.05 +14.7%Fiscal year 2020Revenue1,515.1 −26.5%Operating income53.3Net income27.0 −85.0%EPS, diluted0.45 −85.2%Fiscal year 2021Revenue1,755.3 +15.9%Operating income129.0Net income70.5 +161.0%EPS, diluted1.15 +155.6%Fiscal year 2022Revenue2,020.5 +15.1%Operating income157.6Net income80.6 +14.5%EPS, diluted1.37 +19.1%Fiscal year 2023Revenue2,418.3 +19.7%Operating income171.2Net income74.2 −8.0%EPS, diluted1.28 −6.6%Fiscal year 2024Revenue2,686.0 +11.1%Operating income246.6Net income140.2 +88.9%EPS, diluted2.40 +87.5%Fiscal year 2025Revenue2,933.6 +9.2%Operating income314.7Net income193.1 +37.8%EPS, diluted3.36 +40.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,569.8 1,740.9 1,903.2 2,062.0 1,515.1 1,755.3 2,020.5 2,418.3 2,686.0 2,933.6
Growth +10.9% +9.3% +8.3% −26.5% +15.9% +15.1% +19.7% +11.1% +9.2%
Operating income 197.2 205.4 239.1 267.8 53.3 129.0 157.6 171.2 246.6 314.7
Net income 94.8 157.0 158.0 180.4 27.0 70.5 80.6 74.2 140.2 193.1
Growth +65.6% +0.6% +14.2% −85.0% +161.0% +14.5% −8.0% +88.9% +37.8%
EPS, diluted 1.55 2.59 2.66 3.05 0.45 1.15 1.37 1.28 2.40 3.36
Growth +67.1% +2.7% +14.7% −85.2% +155.6% +19.1% −6.6% +87.5% +40.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin24.9%Operating margin12.6%Net margin6.0%Free cash flow margin8.8%Fiscal year 2017Gross margin24.7%Operating margin11.8%Net margin9.0%Free cash flow margin9.2%Fiscal year 2018Gross margin24.9%Operating margin12.6%Net margin8.3%Free cash flow margin10.6%Fiscal year 2019Gross margin25.4%Operating margin13.0%Net margin8.7%Free cash flow margin10.6%Fiscal year 2020Gross margin20.1%Operating margin3.5%Net margin1.8%Free cash flow margin8.2%Fiscal year 2021Gross margin23.6%Operating margin7.4%Net margin4.0%Free cash flow margin9.3%Fiscal year 2022Gross margin23.7%Operating margin7.8%Net margin4.0%Free cash flow margin5.8%Fiscal year 2023Gross margin22.0%Operating margin7.1%Net margin3.1%Free cash flow margin6.8%Fiscal year 2024Gross margin23.1%Operating margin9.2%Net margin5.2%Free cash flow margin8.9%Fiscal year 2025Gross margin23.8%Operating margin10.7%Net margin6.6%Free cash flow margin8.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 24.9% 24.7% 24.9% 25.4% 20.1% 23.6% 23.7% 22.0% 23.1% 23.8%
Operating margin 12.6% 11.8% 12.6% 13.0% 3.5% 7.4% 7.8% 7.1% 9.2% 10.7%
Net margin 6.0% 9.0% 8.3% 8.7% 1.8% 4.0% 4.0% 3.1% 5.2% 6.6%
Free cash flow margin 8.8% 9.2% 10.6% 10.6% 8.2% 9.3% 5.8% 6.8% 8.9% 8.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow213.2Capital expenditure−75.3Free cash flow137.9Buybacks−112.8Fiscal year 2017Operating cash flow248.2Capital expenditure−88.1Free cash flow160.1 +16.1%Buybacks−162.2Fiscal year 2018Operating cash flow294.7Capital expenditure−92.5Free cash flow202.3 +26.4%Buybacks−126.7Fiscal year 2019Operating cash flow330.4Capital expenditure−111.8Free cash flow218.5 +8.0%Buybacks−31.6Fiscal year 2020Operating cash flow209.6Capital expenditure−84.7Free cash flow124.8 −42.9%Buybacks−32.7Fiscal year 2021Operating cash flow227.3Capital expenditure−63.5Free cash flow163.8 +31.2%Buybacks−213.8Fiscal year 2022Operating cash flow188.5Capital expenditure−70.6Free cash flow117.9 −28.0%Buybacks−182.6Fiscal year 2023Operating cash flow256.1Capital expenditure−91.0Free cash flow165.1 +40.0%Buybacks0.0Fiscal year 2024Operating cash flow337.5Capital expenditure−97.3Free cash flow240.2 +45.4%Buybacks−84.6Fiscal year 2025Operating cash flow350.7Capital expenditure−92.2Free cash flow258.5 +7.7%Buybacks−225.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 213.2 248.2 294.7 330.4 209.6 227.3 188.5 256.1 337.5 350.7
Capital expenditure −75.3 −88.1 −92.5 −111.8 −84.7 −63.5 −70.6 −91.0 −97.3 −92.2
Free cash flow 137.9 160.1 202.3 218.5 124.8 163.8 117.9 165.1 240.2 258.5
Growth +16.1% +26.4% +8.0% −42.9% +31.2% −28.0% +40.0% +45.4% +7.7%
Buybacks −112.8 −162.2 −126.7 −31.6 −32.7 −213.8 −182.6 0.0 −84.6 −225.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash14.6Total debt1,064.8Net cash (debt)−1,050.1Shareholders’ equity687.9Debt to equity1.55Fiscal year 2017Cash23.2Total debt1,056.8Net cash (debt)−1,033.5Shareholders’ equity749.1Debt to equity1.41Fiscal year 2018Cash15.5Total debt1,047.6Net cash (debt)−1,032.2Shareholders’ equity779.5Debt to equity1.34Fiscal year 2019Cash27.9Total debt1,038.8Net cash (debt)−1,010.9Shareholders’ equity971.3Debt to equity1.07Fiscal year 2020Cash384.3Total debt1,030.9Net cash (debt)−646.5Shareholders’ equity1,283.8Debt to equity0.80Fiscal year 2021Cash261.0Total debt992.4Net cash (debt)−731.4Shareholders’ equity1,179.3Debt to equity0.84Fiscal year 2022Cash36.2Total debt977.6Net cash (debt)−941.4Shareholders’ equity1,080.5Debt to equity0.90Fiscal year 2023Cash71.6Total debt962.8Net cash (debt)−891.2Shareholders’ equity1,212.7Debt to equity0.79Fiscal year 2024Cash110.3Total debt946.9Net cash (debt)−836.6Shareholders’ equity1,278.4Debt to equity0.74Fiscal year 2025Cash140.1Total debt747.6Net cash (debt)−607.5Shareholders’ equity1,339.3Debt to equity0.56
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 14.6 23.2 15.5 27.9 384.3 261.0 36.2 71.6 110.3 140.1
Total debt 1,064.8 1,056.8 1,047.6 1,038.8 1,030.9 992.4 977.6 962.8 946.9 747.6
Net cash (debt) −1,050.1 −1,033.5 −1,032.2 −1,010.9 −646.5 −731.4 −941.4 −891.2 −836.6 −607.5
Shareholders’ equity 687.9 749.1 779.5 971.3 1,283.8 1,179.3 1,080.5 1,212.7 1,278.4 1,339.3
Debt to equity 1.55 1.41 1.34 1.07 0.80 0.84 0.90 0.79 0.74 0.56

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
24.9% 24.7% 24.9% 25.4% 20.1% 23.6% 23.7% 22.0% 23.1% 23.8%
12.6% 11.8% 12.6% 13.0% 3.5% 7.4% 7.8% 7.1% 9.2% 10.7%
9.1% 9.3% 10.1% 10.8% 1.0% 5.1% 5.6% 4.9% 7.4% 9.2%
6.0% 9.0% 8.3% 8.7% 1.8% 4.0% 4.0% 3.1% 5.2% 6.6%
8.8% 9.2% 10.6% 10.6% 8.2% 9.3% 5.8% 6.8% 8.9% 8.8%
Spending
10.4% 10.9% 10.6% 10.7% 14.5% 14.6% 14.3% 13.5% 13.2% 12.8%
4.8% 5.1% 4.9% 5.4% 5.6% 3.6% 3.5% 3.8% 3.6% 3.1%
33.8% 2.7% 17.5% 19.0% −72.5% 22.0% 28.1% 38.0% 29.1% 28.5%
Returns
13.8% 21.0% 20.3% 18.6% 2.1% 6.0% 7.5% 6.1% 11.0% 14.4%
4.0% 6.4% 6.3% 5.4% 0.7% 1.9% 2.1% 1.9% 3.6% 5.0%
Balance and payout
1.55 1.41 1.34 1.07 0.80 0.84 0.90 0.79 0.74 0.56
70.8% 69.7% 69.1% 70.8% 65.6% 67.6% 71.6% 68.9% 66.8% 65.6%
81.8% 101.3% 62.6% 14.4% 26.2% 130.6% 154.8% 0.0% 35.2% 87.2%