Brunswick

Brunswick (BC) Q4 2025 Earnings

Reported Jan 29, 2026 at 6:16 AM ET · SEC Source

Q4 25 EPS

$0.58

BEAT +2.00%

Est. $0.57

Q4 25 Revenue

$1.33B

BEAT +10.28%

Est. $1.21B

vs S&P Since Q4 25

+2.1%

BEATING MARKET

BC +8.9% vs S&P +6.8%

Full Year 2025 Results

FY 25 EPS

$3.27

BEAT +0.38%

Est. $3.26

FY 25 Revenue

$5.36B

BEAT +2.39%

Est. $5.24B

Market Reaction

Did BC Beat Earnings? Q4 2025 Results

Brunswick Corporation capped fiscal 2025 with a stronger-than-expected fourth quarter, posting adjusted EPS of $0.58 against a consensus estimate of $0.57, a beat of 1.75%, while revenue of $1.33 billion topped the $1.21 billion estimate by 10.34% an… Read more Brunswick Corporation capped fiscal 2025 with a stronger-than-expected fourth quarter, posting adjusted EPS of $0.58 against a consensus estimate of $0.57, a beat of 1.75%, while revenue of $1.33 billion topped the $1.21 billion estimate by 10.34% and climbed 15.5% year over year, marking the company's first full-year net sales growth in three years. The standout driver was the Propulsion segment, which delivered a 23% revenue surge in Q4 as OEM customers accelerated outboard orders ahead of the 2026 retail season, reinforcing Mercury Marine's market share leadership across the U.S., Canada, and Europe. The Boat segment also contributed, with 11% revenue growth and adjusted operating margin expanding 290 basis points, aided by lower discounting and improving retail conditions in the back half of the year. Looking ahead, Brunswick guided for 2026 net sales of $5.60 billion to $5.80 billion and adjusted diluted EPS of $3.80 to $4.40, with management pointing to record-low dealer inventories and anticipated interest rate cuts as key tailwinds, though analysts noted potential tariff headwinds early in the year tempered some of the optimism.

Key Takeaways

  • Strengthening boat market in second half of 2025
  • Solid boating participation driving recurring-revenue businesses
  • Higher wholesale shipments to channel partners
  • Pricing actions and lower discounting environment
  • Improved production absorption from higher production levels
  • Cost containment and operational efficiency initiatives
  • Market share gains in U.S. marine distribution (210 basis points in 2025)
  • Premium brand strength with 15% revenue growth at Ft. Lauderdale Boat Show
24/7 Wall St

BC YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

BC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We finished 2025 ahead of recent expectations, with each business reporting sales and earnings growth in the quarter, leading to full-year net sales growth for the first time in three years and significantly higher free cash flow generation, all supported by a strengthening boat market in the second half of the year. In addition to improved retail conditions, our performance was underpinned by solid boating participation driving stability in our recurring-revenue businesses, and outstanding operating execution across the enterprise.”

— David Foulkes, Q4 2025 Earnings Press Release