Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
BRP Inc
Physical assets are 61.2% of total assets, a heavy footprint. Capex is 1.00x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 10.6%, above an 8% cost-of-capital hurdle.
Fixed-asset turnover is 3.69x. Compare it with other names in the same basket.
Physical asset ratio
61.2%Physical asset ratio · 2025-01-31(Net PP&E + inventory) / total assetsNet PP&E$2.12BpropertyPlantAndEquipmentNetInventory$1.73BinventoryTotal assets$6.29BtotalAssetsResult 61.2%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
3.69xFixed asset turnover · 2025-01-31Revenue / net PP&ERevenue$7.83BtotalRevenueNet PP&E$2.12BpropertyPlantAndEquipmentNetResult 3.69x
Revenue per dollar of the physical asset base.
Capex / D&A
1.00xCapex / D&A · 2025-01-31Capital expenditures / depreciation and amortizationCapex$426.40McapitalExpendituresD&A$427.60MdepreciationAndAmortizationResult 1.00x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$4.83Tangible book / share · 2025-01-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$6.29BtotalAssetsGoodwill$252.30MgoodWillIntangibles$351.50MintangibleAssetsLiabilities$6.05BtotalLiabTangible book-$357.00MShares73,865,152commonStockSharesOutstandingResult -$4.83
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice—Latest quoteTangible book / share-$4.832025-01-31A live quote was not available, so price / tangible book could not be calculated.Tangible book per share is not positive, so the multiple is left blank.Result —
Quote unavailable.
Fixed-charge coverage
1.85xFixed-charge coverage · 2025-01-31(EBITDA − capex) / (interest + short-term debt)EBITDA$770.10MebitdaCapex$426.40McapitalExpendituresInterest$132.17MinterestExpenseShort-term debt$53.80MshortLongTermDebtEBITDA − capex$343.70MPrincipal due is the current portion of debt.Result 1.85x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
3.9%Free cash flow yield · 2025-01-31Latest free cash flow / current market capFree cash flow$313.70MfreeCashFlowMarket cap$8.02BMarketCapitalizationResult 3.9%
Latest free cash flow divided by current market cap ($8.02B).
ROIC
10.6%ROIC · 2025-01-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$551.70MoperatingIncomeTax expense$89.70MincomeTaxExpensePretax income$152.40MincomeBeforeTaxTax rate40.0%Equity$246.80MtotalStockholderEquityDebt$3.13BshortLongTermDebtTotalCash$260.80McashAndShortTermInvestmentsInvested capital$3.12BThe effective tax rate was above 40% and was capped at 40%.Result 10.6%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.26x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 59.4%Physical asset ratio · 2018-01-31(Net PP&E + inventory) / total assetsNet PP&E$766.80MpropertyPlantEquipmentInventory$752.50MinventoryTotal assets$2.56BtotalAssetsResult 59.4% | 5.85xFixed asset turnover · 2018-01-31Revenue / net PP&ERevenue$4.49BtotalRevenueNet PP&E$766.80MpropertyPlantEquipmentResult 5.85x | 1.54xCapex / D&A · 2018-01-31Capital expenditures / depreciation and amortizationCapex$230.40McapitalExpendituresD&A$149.20MdepreciationAndAmortizationResult 1.54x | -$3.45Tangible book / share · 2018-01-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.56BtotalAssetsGoodwill$116.00MgoodWillIntangibles$198.60MintangibleAssetsLiabilities$2.62BtotalLiabTangible book-$372.00MShares107,917,087commonStockSharesOutstandingResult -$3.45 | 4.50xFixed-charge coverage · 2018-01-31(EBITDA − capex) / (interest + short-term debt)EBITDA$577.60MebitdaCapex$230.40McapitalExpendituresInterest$57.30MinterestExpenseShort-term debt$19.80MshortTermDebtEBITDA − capex$347.20MPrincipal due is short-term debt.Result 4.50x | $330.40MFree cash flow · 2018-01-31Reported free cash flowOperating cash flow$560.80MtotalCashFromOperatingActivitiesCapex$230.40McapitalExpendituresFree cash flow$330.40MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $330.40M | 38.7%ROIC · 2018-01-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$400.10MoperatingIncomeTax expense$119.60MincomeTaxExpensePretax income$394.10MincomeBeforeTaxTax rate30.3%Equity-$57.40MtotalStockholderEquityDebt$1.01BshortLongTermDebtTotalCash$237.50McashAndShortTermInvestmentsInvested capital$719.90MResult 38.7% | 0.52xEBIT / PP&E · 2018-01-31Operating income / net PP&EOperating income$400.10MoperatingIncomeNet PP&E$766.80MpropertyPlantEquipmentResult 0.52x |
| 2019 | 60.2%Physical asset ratio · 2019-01-31(Net PP&E + inventory) / total assetsNet PP&E$905.10MpropertyPlantEquipmentInventory$946.20MinventoryTotal assets$3.08BtotalAssetsResult 60.2% | 5.79xFixed asset turnover · 2019-01-31Revenue / net PP&ERevenue$5.24BtotalRevenueNet PP&E$905.10MpropertyPlantEquipmentResult 5.79x | 1.68xCapex / D&A · 2019-01-31Capital expenditures / depreciation and amortizationCapex$298.60McapitalExpendituresD&A$177.30MdepreciationAndAmortizationResult 1.68x | -$8.05Tangible book / share · 2019-01-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$3.08BtotalAssetsGoodwill$169.40MgoodWillIntangibles$309.30MintangibleAssetsLiabilities$3.40BtotalLiabTangible book-$801.50MShares99,588,888commonStockSharesOutstandingResult -$8.05 | 3.29xFixed-charge coverage · 2019-01-31(EBITDA − capex) / (interest + short-term debt)EBITDA$570.50MebitdaCapex$298.60McapitalExpendituresInterest$64.30MinterestExpenseShort-term debt$18.40MshortTermDebtEBITDA − capex$271.90MPrincipal due is short-term debt.Result 3.29x | $262.60MFree cash flow · 2019-01-31Reported free cash flowOperating cash flow$561.20MtotalCashFromOperatingActivitiesCapex$298.60McapitalExpendituresFree cash flow$262.60MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $262.60M | 41.9%ROIC · 2019-01-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$472.60MoperatingIncomeTax expense$101.60MincomeTaxExpensePretax income$328.90MincomeBeforeTaxTax rate30.9%Equity-$322.80MtotalStockholderEquityDebt$1.22BshortLongTermDebtTotalCash$112.80McashAndShortTermInvestmentsInvested capital$779.90MResult 41.9% | 0.52xEBIT / PP&E · 2019-01-31Operating income / net PP&EOperating income$472.60MoperatingIncomeNet PP&E$905.10MpropertyPlantEquipmentResult 0.52x |
| 2020 | 63.9%Physical asset ratio · 2020-01-31(Net PP&E + inventory) / total assetsNet PP&E$1.24BpropertyPlantEquipmentInventory$1.17BinventoryTotal assets$3.77BtotalAssetsResult 63.9% | 4.87xFixed asset turnover · 2020-01-31Revenue / net PP&ERevenue$6.05BtotalRevenueNet PP&E$1.24BpropertyPlantEquipmentResult 4.87x | 1.41xCapex / D&A · 2020-01-31Capital expenditures / depreciation and amortizationCapex$330.70McapitalExpendituresD&A$234.10MdepreciationAndAmortizationResult 1.41x | -$12.79Tangible book / share · 2020-01-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$3.77BtotalAssetsGoodwill$230.20MgoodWillIntangibles$379.90MintangibleAssetsLiabilities$4.36BtotalLiabTangible book-$1.20BShares93,813,815commonStockSharesOutstandingResult -$12.79 | 6.15xFixed-charge coverage · 2020-01-31(EBITDA − capex) / (interest + short-term debt)EBITDA$824.50MebitdaCapex$330.70McapitalExpendituresInterest$62.46MinterestExpenseShort-term debt$17.90MshortLongTermDebtEBITDA − capex$493.80MPrincipal due is the current portion of debt.Result 6.15x | $224.80MFree cash flow · 2020-01-31Reported free cash flowOperating cash flow$555.50MtotalCashFromOperatingActivitiesCapex$330.70McapitalExpendituresFree cash flow$224.80MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $224.80M | 35.9%ROIC · 2020-01-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$604.30MoperatingIncomeTax expense$135.10MincomeTaxExpensePretax income$505.70MincomeBeforeTaxTax rate26.7%Equity-$589.70MtotalStockholderEquityDebt$1.89BshortLongTermDebtTotalCash$61.60McashAndShortTermInvestmentsInvested capital$1.24BResult 35.9% | 0.49xEBIT / PP&E · 2020-01-31Operating income / net PP&EOperating income$604.30MoperatingIncomeNet PP&E$1.24BpropertyPlantEquipmentResult 0.49x |
| 2021 | 48.4%Physical asset ratio · 2021-01-31(Net PP&E + inventory) / total assetsNet PP&E$1.28BpropertyPlantEquipmentInventory$1.09BinventoryTotal assets$4.89BtotalAssetsResult 48.4% | 4.66xFixed asset turnover · 2021-01-31Revenue / net PP&ERevenue$5.95BtotalRevenueNet PP&E$1.28BpropertyPlantEquipmentResult 4.66x | 1.07xCapex / D&A · 2021-01-31Capital expenditures / depreciation and amortizationCapex$279.90McapitalExpendituresD&A$260.80MdepreciationAndAmortizationResult 1.07x | -$10.61Tangible book / share · 2021-01-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$4.89BtotalAssetsGoodwill$116.00MgoodWillIntangibles$349.10MintangibleAssetsLiabilities$5.36BtotalLiabTangible book-$940.00MShares88,604,984commonStockSharesOutstandingResult -$10.61 | 4.95xFixed-charge coverage · 2021-01-31(EBITDA − capex) / (interest + short-term debt)EBITDA$848.50MebitdaCapex$279.90McapitalExpendituresInterest$89.63MinterestExpenseShort-term debt$25.30MshortLongTermDebtEBITDA − capex$568.60MPrincipal due is the current portion of debt.Result 4.95x | $674.30MFree cash flow · 2021-01-31Reported free cash flowOperating cash flow$954.20MtotalCashFromOperatingActivitiesCapex$279.90McapitalExpendituresFree cash flow$674.30MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $674.30M | 45.2%ROIC · 2021-01-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$465.60MoperatingIncomeTax expense$121.40MincomeTaxExpensePretax income$484.30MincomeBeforeTaxTax rate25.1%Equity-$474.90MtotalStockholderEquityDebt$2.65BshortLongTermDebtTotalCash$1.40BcashAndShortTermInvestmentsInvested capital$772.40MResult 45.2% | 0.36xEBIT / PP&E · 2021-01-31Operating income / net PP&EOperating income$465.60MoperatingIncomeNet PP&E$1.28BpropertyPlantEquipmentResult 0.36x |
| 2022 | 64.9%Physical asset ratio · 2022-01-31(Net PP&E + inventory) / total assetsNet PP&E$1.57BpropertyPlantEquipmentInventory$1.69BinventoryTotal assets$5.03BtotalAssetsResult 64.9% | 4.86xFixed asset turnover · 2022-01-31Revenue / net PP&ERevenue$7.65BtotalRevenueNet PP&E$1.57BpropertyPlantEquipmentResult 4.86x | 2.55xCapex / D&A · 2022-01-31Capital expenditures / depreciation and amortizationCapex$697.70McapitalExpendituresD&A$273.60MdepreciationAndAmortizationResult 2.55x | -$7.36Tangible book / share · 2022-01-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$5.03BtotalAssetsGoodwill$115.90MgoodWillIntangibles$379.00MintangibleAssetsLiabilities$5.16BtotalLiabTangible book-$627.70MShares85,259,520commonStockSharesOutstandingResult -$7.36 | 3.56xFixed-charge coverage · 2022-01-31(EBITDA − capex) / (interest + short-term debt)EBITDA$1.41BebitdaCapex$697.70McapitalExpendituresInterest$97.54MinterestExpenseShort-term debt$103.10MshortLongTermDebtEBITDA − capex$714.40MPrincipal due is the current portion of debt.Result 3.56x | $72.30MFree cash flow · 2022-01-31Reported free cash flowOperating cash flow$770.00MtotalCashFromOperatingActivitiesCapex$697.70McapitalExpendituresFree cash flow$72.30MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $72.30M | 51.1%ROIC · 2022-01-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.19BoperatingIncomeTax expense$282.10MincomeTaxExpensePretax income$1.08BincomeBeforeTaxTax rate26.2%Equity-$132.80MtotalStockholderEquityDebt$2.19BshortLongTermDebtTotalCash$339.40McashAndShortTermInvestmentsInvested capital$1.72BResult 51.1% | 0.75xEBIT / PP&E · 2022-01-31Operating income / net PP&EOperating income$1.19BoperatingIncomeNet PP&E$1.57BpropertyPlantEquipmentResult 0.75x |
| 2023 | 66.2%Physical asset ratio · 2023-01-31(Net PP&E + inventory) / total assetsNet PP&E$1.99BpropertyPlantAndEquipmentNetInventory$2.29BinventoryTotal assets$6.46BtotalAssetsResult 66.2% | 5.04xFixed asset turnover · 2023-01-31Revenue / net PP&ERevenue$10.03BtotalRevenueNet PP&E$1.99BpropertyPlantAndEquipmentNetResult 5.04x | 2.12xCapex / D&A · 2023-01-31Capital expenditures / depreciation and amortizationCapex$659.40McapitalExpendituresD&A$310.40MdepreciationAndAmortizationResult 2.12x | -$2.49Tangible book / share · 2023-01-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$6.46BtotalAssetsGoodwill$252.30MgoodWillIntangibles$489.00MintangibleAssetsLiabilities$5.92BtotalLiabTangible book-$201.20MShares80,946,102commonStockSharesOutstandingResult -$2.49 | 4.60xFixed-charge coverage · 2023-01-31(EBITDA − capex) / (interest + short-term debt)EBITDA$1.59BebitdaCapex$659.40McapitalExpendituresInterest$114.20MinterestExpenseShort-term debt$88.40MshortLongTermDebtEBITDA − capex$931.10MPrincipal due is the current portion of debt.Result 4.60x | -$9.90MFree cash flow · 2023-01-31Reported free cash flowOperating cash flow$649.50MtotalCashFromOperatingActivitiesCapex$659.40McapitalExpendituresFree cash flow-$9.90MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$9.90M | 31.4%ROIC · 2023-01-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.37BoperatingIncomeTax expense$300.50MincomeTaxExpensePretax income$1.17BincomeBeforeTaxTax rate25.8%Equity$540.10MtotalStockholderEquityDebt$3.02BshortLongTermDebtTotalCash$324.90McashAndShortTermInvestmentsInvested capital$3.23BResult 31.4% | 0.69xEBIT / PP&E · 2023-01-31Operating income / net PP&EOperating income$1.37BoperatingIncomeNet PP&E$1.99BpropertyPlantAndEquipmentNetResult 0.69x |
| 2024 | 63.9%Physical asset ratio · 2024-01-31(Net PP&E + inventory) / total assetsNet PP&E$2.17BpropertyPlantAndEquipmentNetInventory$2.16BinventoryTotal assets$6.78BtotalAssetsResult 63.9% | 4.77xFixed asset turnover · 2024-01-31Revenue / net PP&ERevenue$10.37BtotalRevenueNet PP&E$2.17BpropertyPlantAndEquipmentNetResult 4.77x | 1.50xCapex / D&A · 2024-01-31Capital expenditures / depreciation and amortizationCapex$585.80McapitalExpendituresD&A$391.70MdepreciationAndAmortizationResult 1.50x | $1.89Tangible book / share · 2024-01-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$6.78BtotalAssetsGoodwill$252.30MgoodWillIntangibles$412.80MintangibleAssetsLiabilities$5.96BtotalLiabTangible book$148.80MShares78,523,790commonStockSharesOutstandingResult $1.89 | 3.93xFixed-charge coverage · 2024-01-31(EBITDA − capex) / (interest + short-term debt)EBITDA$1.53BebitdaCapex$585.80McapitalExpendituresInterest$181.10MinterestExpenseShort-term debt$58.10MshortLongTermDebtEBITDA − capex$941.10MPrincipal due is the current portion of debt.Result 3.93x | $1.07BFree cash flow · 2024-01-31Reported free cash flowOperating cash flow$1.66BtotalCashFromOperatingActivitiesCapex$585.80McapitalExpendituresFree cash flow$1.07BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $1.07B | 31.7%ROIC · 2024-01-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.29BoperatingIncomeTax expense$209.60MincomeTaxExpensePretax income$954.10MincomeBeforeTaxTax rate22.0%Equity$813.90MtotalStockholderEquityDebt$2.95BshortLongTermDebtTotalCash$598.40McashAndShortTermInvestmentsInvested capital$3.17BResult 31.7% | 0.59xEBIT / PP&E · 2024-01-31Operating income / net PP&EOperating income$1.29BoperatingIncomeNet PP&E$2.17BpropertyPlantAndEquipmentNetResult 0.59x |
| 2025 | 61.2%Physical asset ratio · 2025-01-31(Net PP&E + inventory) / total assetsNet PP&E$2.12BpropertyPlantAndEquipmentNetInventory$1.73BinventoryTotal assets$6.29BtotalAssetsResult 61.2% | 3.69xFixed asset turnover · 2025-01-31Revenue / net PP&ERevenue$7.83BtotalRevenueNet PP&E$2.12BpropertyPlantAndEquipmentNetResult 3.69x | 1.00xCapex / D&A · 2025-01-31Capital expenditures / depreciation and amortizationCapex$426.40McapitalExpendituresD&A$427.60MdepreciationAndAmortizationResult 1.00x | -$4.83Tangible book / share · 2025-01-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$6.29BtotalAssetsGoodwill$252.30MgoodWillIntangibles$351.50MintangibleAssetsLiabilities$6.05BtotalLiabTangible book-$357.00MShares73,865,152commonStockSharesOutstandingResult -$4.83 | 1.85xFixed-charge coverage · 2025-01-31(EBITDA − capex) / (interest + short-term debt)EBITDA$770.10MebitdaCapex$426.40McapitalExpendituresInterest$132.17MinterestExpenseShort-term debt$53.80MshortLongTermDebtEBITDA − capex$343.70MPrincipal due is the current portion of debt.Result 1.85x | $313.70MFree cash flow · 2025-01-31Reported free cash flowOperating cash flow$740.10MtotalCashFromOperatingActivitiesCapex$426.40McapitalExpendituresFree cash flow$313.70MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $313.70M | 10.6%ROIC · 2025-01-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$551.70MoperatingIncomeTax expense$89.70MincomeTaxExpensePretax income$152.40MincomeBeforeTaxTax rate40.0%Equity$246.80MtotalStockholderEquityDebt$3.13BshortLongTermDebtTotalCash$260.80McashAndShortTermInvestmentsInvested capital$3.12BThe effective tax rate was above 40% and was capped at 40%.Result 10.6% | 0.26xEBIT / PP&E · 2025-01-31Operating income / net PP&EOperating income$551.70MoperatingIncomeNet PP&E$2.12BpropertyPlantAndEquipmentNetResult 0.26x |
- Principal due is the current portion of debt.
- The effective tax rate was above 40% and was capped at 40% for ROIC.
Latest year inputs (2025)
Net PP&E: $2.12B
Inventory: $1.73B
Total assets: $6.29B
Goodwill: $252.30M
Intangibles: $351.50M
Liabilities: $6.05B
Tangible book: -$357.00M
Shares: 73,865,152
Revenue: $7.83B
Capex: $426.40M
D&A: $427.60M
EBITDA: $770.10M
Interest: $132.17M
Short-term debt: $53.80M
Free cash flow: $313.70M
Operating income: $551.70M
Invested capital: $3.12B
Tax rate: 40.0%