BRO vs. LRN

Last updated Apr 1, 2026

Compare and contrast key facts about Brown & Brown, Inc. (BRO) and Stride, Inc. (LRN).

Performance

BRO vs. LRN - Performance Comparison

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

BRO vs. LRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRO Brown & Brown, Inc.	-17.99%	-21.37%	44.32%	25.73%	-18.39%	49.31%	21.06%	44.67%	8.30%	16.15%
LRN Stride, Inc.	35.79%	-37.53%	75.05%	89.80%	-6.15%	56.99%	4.32%	-17.91%	55.91%	-7.34%

Fundamentals

Market Cap BRO : $22.11B LRN : $4.26B
EPS BRO : $3.28 LRN : $6.50
PE Ratio BRO : 19.90 LRN : 13.57
PEG Ratio BRO : 1.48 LRN : 0.34
PS Ratio BRO : 3.55 LRN : 1.72
PB Ratio BRO : 1.76 LRN : 2.75
Total Revenue (TTM) BRO : $5.91B LRN : $2.52B
Gross Profit (TTM) BRO : $3.52B LRN : $989.96M
EBITDA (TTM) BRO : $2.05B LRN : $546.48M

Returns By Period

In the year-to-date period, BRO achieves a -17.99% return, which is significantly lower than LRN's 35.79% return. Over the past 10 years, BRO has underperformed LRN with an annualized return of 14.87%, while LRN has yielded a comparatively higher 24.22% annualized return.

BRO

• 1D: -0.08%
• 1M: -9.20%
• YTD: -17.99%
• 6M: -30.17%
• 1Y: -47.20%
• 3Y*: 5.03%
• 5Y*: 7.71%
• 10Y*: 14.87%

LRN

• 1D: 4.75%
• 1M: 4.49%
• YTD: 35.79%
• 6M: -40.80%
• 1Y: -30.30%
• 3Y*: 30.97%
• 5Y*: 22.66%
• 10Y*: 24.22%

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

Return for Risk

BRO vs. LRN — Risk / Return Rank

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

BRO

BRO Risk / Return Rank: 3
BRO Sharpe Ratio Rank: 0
BRO Sortino Ratio Rank: 1
BRO Omega Ratio Rank: 1
BRO Calmar Ratio Rank: 5
BRO Martin Ratio Rank: 8

LRN

LRN Risk / Return Rank: 27
LRN Sharpe Ratio Rank: 22
LRN Sortino Ratio Rank: 29
LRN Omega Ratio Rank: 28
LRN Calmar Ratio Rank: 27
LRN Martin Ratio Rank: 29

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. LRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown & Brown, Inc. (BRO) and Stride, Inc. (LRN). 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	LRN	Difference
Sharpe ratio Return per unit of total volatility	-1.69	-0.45	-1.24
Sortino ratio Return per unit of downside risk	-2.45	-0.07	-2.38
Omega ratio Gain probability vs. loss probability	0.67	0.98	-0.32
Calmar ratio Return relative to maximum drawdown	-0.96	-0.47	-0.49
Martin ratio Return relative to average drawdown	-1.60	-0.81	-0.79
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. LRN - Sharpe Ratio Comparison

The current BRO Sharpe Ratio is -1.69, which is lower than the LRN Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of BRO and LRN, 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	LRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.69	-0.45	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.44	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.49	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.14	+0.38

Correlation

The correlation between BRO and LRN is 0.27, 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. LRN - Dividend Comparison

BRO's dividend yield for the trailing twelve months is around 0.97%, while LRN has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRO Brown & Brown, Inc.	0.97%	0.77%	0.53%	0.67%	0.74%	0.54%	0.73%	0.82%	1.11%	1.08%	1.12%	1.41%
LRN Stride, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BRO vs. LRN - Drawdown Comparison

The maximum BRO drawdown since its inception was -54.08%, smaller than the maximum LRN drawdown of -81.41%. Use the drawdown chart below to compare losses from any high point for BRO and LRN.

Drawdown Indicators

	BRO	LRN	Difference
Max Drawdown Largest peak-to-trough decline	-54.08%	-81.41%	+27.33%
Max Drawdown (1Y) Largest decline over 1 year	-48.65%	-64.07%	+15.42%
Max Drawdown (5Y) Largest decline over 5 years	-48.65%	-64.07%	+15.42%
Max Drawdown (10Y) Largest decline over 10 years	-48.65%	-64.07%	+15.42%
Current Drawdown Current decline from peak	-47.21%	-48.08%	+0.87%
Average Drawdown Average peak-to-trough decline	-13.32%	-36.19%	+22.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.15%	37.34%	-8.19%

Volatility

BRO vs. LRN - Volatility Comparison

The current volatility for Brown & Brown, Inc. (BRO) is 8.01%, while Stride, Inc. (LRN) has a volatility of 9.47%. This indicates that BRO experiences smaller price fluctuations and is considered to be less risky than LRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRO	LRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.01%	9.47%	-1.46%
Volatility (6M) Calculated over the trailing 6-month period	20.57%	82.92%	-62.35%
Volatility (1Y) Calculated over the trailing 1-year period	28.10%	67.92%	-39.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.20%	51.56%	-27.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.34%	49.72%	-26.38%

Financials

BRO vs. LRN - Profitability Comparison

The chart below illustrates the profitability comparison between Brown & Brown, Inc. and Stride, 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%.

LRN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Stride, Inc. reported a gross profit of 259.63M and revenue of 631.26M. Therefore, the gross margin over that period was 41.1%.

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%.

LRN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Stride, Inc. reported an operating income of 146.85M and revenue of 631.26M, resulting in an operating margin of 23.3%.

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%.

LRN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Stride, Inc. reported a net income of 99.48M and revenue of 631.26M, resulting in a net margin of 15.8%.