BRO vs. ITW

Last updated Apr 2, 2026

Compare and contrast key facts about Brown & Brown, Inc. (BRO) and Illinois Tool Works Inc. (ITW).

Performance

BRO vs. ITW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown & Brown, Inc. (BRO) and Illinois Tool Works Inc. (ITW). The values are adjusted to include any dividend payments, if applicable.

BRO vs. ITW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRO Brown & Brown, Inc.	-19.01%	-21.37%	44.32%	25.73%	-18.39%	49.31%	21.06%	44.67%	8.30%	16.15%
ITW Illinois Tool Works Inc.	6.45%	-0.43%	-0.97%	21.56%	-8.46%	23.60%	16.42%	45.60%	-22.10%	38.92%

Fundamentals

Market Cap BRO : $21.83B ITW : $75.61B
EPS BRO : $3.28 ITW : $10.51
PE Ratio BRO : 19.65 ITW : 24.78
PEG Ratio BRO : 1.47 ITW : 4.11
PS Ratio BRO : 3.50 ITW : 4.74
PB Ratio BRO : 1.74 ITW : 23.44
Total Revenue (TTM) BRO : $5.91B ITW : $16.04B
Gross Profit (TTM) BRO : $3.52B ITW : $7.05B
EBITDA (TTM) BRO : $2.05B ITW : $4.55B

Returns By Period

In the year-to-date period, BRO achieves a -19.01% return, which is significantly lower than ITW's 6.45% return. Over the past 10 years, BRO has outperformed ITW with an annualized return of 14.72%, while ITW has yielded a comparatively lower 12.29% annualized return.

BRO

• 1D: -1.24%
• 1M: -11.00%
• YTD: -19.01%
• 6M: -30.27%
• 1Y: -47.73%
• 3Y*: 4.59%
• 5Y*: 7.45%
• 10Y*: 14.72%

ITW

• 1D: 0.10%
• 1M: -9.95%
• YTD: 6.45%
• 6M: 1.52%
• 1Y: 7.41%
• 3Y*: 4.72%
• 5Y*: 5.76%
• 10Y*: 12.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BRO vs. ITW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRO

BRO Risk / Return Rank: 2
BRO Sharpe Ratio Rank: 0
BRO Sortino Ratio Rank: 1
BRO Omega Ratio Rank: 1
BRO Calmar Ratio Rank: 2
BRO Martin Ratio Rank: 6

ITW

ITW Risk / Return Rank: 50
ITW Sharpe Ratio Rank: 52
ITW Sortino Ratio Rank: 45
ITW Omega Ratio Rank: 44
ITW Calmar Ratio Rank: 53
ITW Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRO vs. ITW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown & Brown, Inc. (BRO) and Illinois Tool Works Inc. (ITW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BRO	ITW	Difference
Sharpe ratio Return per unit of total volatility	-1.70	0.32	-2.03
Sortino ratio Return per unit of downside risk	-2.49	0.64	-3.12
Omega ratio Gain probability vs. loss probability	0.66	1.08	-0.42
Calmar ratio Return relative to maximum drawdown	-0.98	0.53	-1.52
Martin ratio Return relative to average drawdown	-1.63	1.35	-2.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRO vs. ITW - Sharpe Ratio Comparison

The current BRO Sharpe Ratio is -1.70, which is lower than the ITW Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of BRO and ITW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BRO	ITW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.70	0.32	-2.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.28	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.52	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.52	0.00

Correlation

The correlation between BRO and ITW is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BRO vs. ITW - Dividend Comparison

BRO's dividend yield for the trailing twelve months is around 0.98%, less than ITW's 2.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRO Brown & Brown, Inc.	0.98%	0.77%	0.53%	0.67%	0.74%	0.54%	0.73%	0.82%	1.11%	1.08%	1.12%	1.41%
ITW Illinois Tool Works Inc.	2.43%	2.53%	2.29%	2.07%	2.30%	1.91%	2.17%	2.30%	2.81%	1.71%	1.96%	2.23%

Drawdowns

BRO vs. ITW - Drawdown Comparison

The maximum BRO drawdown since its inception was -54.08%, roughly equal to the maximum ITW drawdown of -54.90%. Use the drawdown chart below to compare losses from any high point for BRO and ITW.

Drawdown Indicators

	BRO	ITW	Difference
Max Drawdown Largest peak-to-trough decline	-54.08%	-54.90%	+0.82%
Max Drawdown (1Y) Largest decline over 1 year	-48.65%	-14.49%	-34.16%
Max Drawdown (5Y) Largest decline over 5 years	-48.65%	-28.05%	-20.60%
Max Drawdown (10Y) Largest decline over 10 years	-48.65%	-37.85%	-10.80%
Current Drawdown Current decline from peak	-47.86%	-12.49%	-35.37%
Average Drawdown Average peak-to-trough decline	-13.32%	-9.82%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.31%	5.72%	+23.59%

Volatility

BRO vs. ITW - Volatility Comparison

Brown & Brown, Inc. (BRO) has a higher volatility of 8.04% compared to Illinois Tool Works Inc. (ITW) at 5.99%. This indicates that BRO's price experiences larger fluctuations and is considered to be riskier than ITW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRO	ITW	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.04%	5.99%	+2.05%
Volatility (6M) Calculated over the trailing 6-month period	20.56%	15.38%	+5.18%
Volatility (1Y) Calculated over the trailing 1-year period	28.08%	23.04%	+5.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.20%	20.87%	+3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.34%	23.68%	-0.34%

Financials

BRO vs. ITW - Profitability Comparison

The chart below illustrates the profitability comparison between Brown & Brown, Inc. and Illinois Tool Works Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BRO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Brown & Brown, Inc. reported a gross profit of 1.40B and revenue of 1.67B. Therefore, the gross margin over that period was 83.8%.

ITW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Illinois Tool Works Inc. reported a gross profit of 1.81B and revenue of 4.09B. Therefore, the gross margin over that period was 44.2%.

BRO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Brown & Brown, Inc. reported an operating income of 429.00M and revenue of 1.67B, resulting in an operating margin of 25.7%.

ITW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Illinois Tool Works Inc. reported an operating income of 1.09B and revenue of 4.09B, resulting in an operating margin of 26.5%.

BRO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Brown & Brown, Inc. reported a net income of 264.00M and revenue of 1.67B, resulting in a net margin of 15.8%.

ITW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Illinois Tool Works Inc. reported a net income of 790.00M and revenue of 4.09B, resulting in a net margin of 19.3%.