Consumer Cyclical · Personal Products & Services
Price
$70.14
Market Cap
$3.7B
Employees
32,050
Beta
1.18
Avg Volume
1,170,443
CEO
Stephen Howard Kramer
Business Description
Bright Horizons Family Solutions Inc., established in 1986 and headquartered in Newton, Massachusetts, offers a comprehensive suite of early education, child care, and workplace solutions designed for employers and their employees' families. The company, known as Bright Horizons Solutions Corp. until its rebranding in July 2012, categorizes its services into three primary operational segments. The Full Service Center-Based Child Care segment delivers core child care provisions, alongside early childhood education, preschool programs, and elementary schooling. Through its Back-Up Care segment, the company provides flexible solutions for temporary or emergency care needs. This includes center-based back-up child care, in-home assistance for children or adult/elder dependents, dedicated school-age camps, remote tutoring, and reimbursed self-sourced care options. These services are facilitated through Bright Horizons' network of child care facilities, school-age campuses, and a pool of in-home caregivers. The Educational Advisory and Other Services segment focuses on academic and professional development. It administers tuition assistance and student loan repayment programs, offers workforce education initiatives, provides associated educational consulting, and guides individuals through the college admissions process. As of December 31, 2021, Bright Horizons oversaw 1,014 child care and early education centers spanning multiple countries, including the United States, Puerto Rico, the United Kingdom, Canada, the Netherlands, and India.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
20.69
Stock Price: $70.14
EPS (Diluted): 3.39
EPS (Diluted): 3.39
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
4.31
Stock Price: $70.14
Total Equity: $1.34B
Shares: 57,422,501
Total Equity: $1.34B
Shares: 57,422,501
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
18.12
Market Cap: $3.69B
Total Debt: $1.06B
Cash: $140.58M
EBITDA: $408.07M
Total Debt: $1.06B
Cash: $140.58M
EBITDA: $408.07M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$7.4B
Market Cap: $3.69B
Total Debt: $1.06B
Cash: $140.58M
Total Debt: $1.06B
Cash: $140.58M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
23.6%
Gross Profit: $691.05M
Revenue: $2.93B
Revenue: $2.93B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
10.7%
Operating Income: $314.67M
Revenue: $2.93B
Revenue: $2.93B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
6.6%
Net Income: $193.12M
Revenue: $2.93B
Revenue: $2.93B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
14.4%
Net Income: $193.12M
Total Equity: $1.34B
Total Equity: $1.34B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
10.0%
Operating Income: $314.67M
Tax Rate: 28.5%
Equity: $1.34B
Total Debt: $1.06B
Cash: $140.58M
Tax Rate: 28.5%
Equity: $1.34B
Total Debt: $1.06B
Cash: $140.58M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.52
Current Assets: $503.97M
Current Liabilities: $966.17M
Current Liabilities: $966.17M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.79
Short-Term Debt: $309.78M
Long-Term Debt: $747.61M
Total Debt: $1.06B
Total Equity: $1.34B
Long-Term Debt: $747.61M
Total Debt: $1.06B
Total Equity: $1.34B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$51.09
Revenue: $2.93B
Shares: 57,422,501
Shares: 57,422,501
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$23.32
Total Equity: $1.34B
Shares: 57,422,501
Shares: 57,422,501
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$4.46
Operating CF: $347.68M
CapEx: -$91.32M
Shares: 57,422,501
CapEx: -$91.32M
Shares: 57,422,501
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $70.14
Stock Price: $70.14
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $193.12M
Net Income: $193.12M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BFAM against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 22, 2026 11:42pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.8B | $2.0B | $2.4B | $2.7B | $2.9B |
| Cost of Revenue | $1.3B | $1.5B | $1.9B | $2.1B | $2.2B |
| Gross Profit | $415.0M | $478.7M | $531.7M | $619.6M | $691.0M |
| Operating Expenses | $286.0M | $321.1M | $360.5M | $373.0M | $376.4M |
| Operating Income | $129.0M | $157.6M | $171.2M | $246.6M | $314.7M |
| Net Income | $70.5M | $80.6M | $74.0M | $140.2M | $193.1M |
| EBITDA | $235.3M | $257.8M | $281.9M | $344.5M | $408.1M |
| EPS | $1.16 | $1.38 | $1.28 | $2.42 | $3.39 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 22, 2026 11:42pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $261.0M | $36.2M | $71.6M | $110.3M | $140.6M |
| Total Current Assets | $540.3M | $347.7M | $446.9M | $496.0M | $504.0M |
| Total Assets | $3.6B | $3.8B | $3.9B | $3.9B | $4.1B |
| Current Liabilities | $622.2M | $786.3M | $799.4M | $779.4M | $966.2M |
| Long-Term Debt | $976.4M | $961.6M | $944.3M | $918.4M | $747.6M |
| Total Liabilities | $2.5B | $2.7B | $2.7B | $2.6B | $2.8B |
| Total Equity | $1.2B | $1.1B | $1.2B | $1.3B | $1.3B |
| Retained Earnings | $471.0M | $551.6M | $625.8M | $766.0M | $959.1M |
Cash Flow (Annual)
Last updated: Jun 22, 2026 11:42pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $227.3M | $188.5M | $256.1M | $337.5M | $347.7M |
| Capital Expenditure | -$63.5M | -$70.6M | -$91.0M | -$97.3M | -$91.3M |
| Free Cash Flow | $163.8M | $117.9M | $165.1M | $240.2M | $256.4M |
| Acquisitions (net) | -$53.9M | -$210.4M | -$39.6M | -$8.3M | -$6.8M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$213.8M | -$182.6M | $0 | -$84.6M | -$225.4M |
| Net Change in Cash | -$123.2M | -$213.4M | $37.6M | $34.3M | $18.5M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 4:01am (6h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$2.9B $2.9B – $2.9B
|
$3.1B $3.1B – $3.1B
|
$3.3B $3.2B – $3.3B
|
$3.5B $3.5B – $3.5B
|
| EBITDA |
$422.9M $419.1M – $425.6M
|
$448.2M $445.4M – $449.7M
|
$475.0M $469.2M – $479.3M
|
$503.4M $503.4M – $503.4M
|
| Net Income |
$260.3M $258.6M – $262.0M
|
$286.9M $284.0M – $289.7M
|
$330.0M $321.2M – $338.8M
|
$374.2M $361.7M – $386.7M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 22, 2026 11:42pm (4d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +15.1% | +19.7% | +11.1% | +9.2% |
| Gross Profit Growth | +15.3% | +11.1% | +16.5% | +11.5% |
| Operating Income Growth | +22.1% | +8.7% | +44.0% | +27.6% |
| Net Income Growth | +14.5% | -8.2% | +89.3% | +37.8% |
| EBITDA Growth | +9.6% | +9.4% | +22.2% | +18.4% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for BFAM — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30