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Bright Horizons Family Solutions (Bright Horizons Family Solutions) EBIT : $181 Mil (TTM As of Mar. 2024)


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What is Bright Horizons Family Solutions EBIT?

Bright Horizons Family Solutions's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $40 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $181 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bright Horizons Family Solutions's annualized ROC % for the quarter that ended in Mar. 2024 was 2.66%. Bright Horizons Family Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bright Horizons Family Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.17%.


Bright Horizons Family Solutions EBIT Historical Data

The historical data trend for Bright Horizons Family Solutions's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bright Horizons Family Solutions EBIT Chart

Bright Horizons Family Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 267.82 53.33 126.45 151.67 171.24

Bright Horizons Family Solutions Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.65 45.53 66.82 28.24 39.94

Competitive Comparison of Bright Horizons Family Solutions's EBIT

For the Personal Services subindustry, Bright Horizons Family Solutions's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bright Horizons Family Solutions's EV-to-EBIT Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Bright Horizons Family Solutions's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Bright Horizons Family Solutions's EV-to-EBIT falls into.



Bright Horizons Family Solutions EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $181 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Bright Horizons Family Solutions  (NYSE:BFAM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Bright Horizons Family Solutions's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=159.748 * ( 1 - 35.29% )/( (3883.101 + 3891.643)/ 2 )
=103.3729308/3887.372
=2.66 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3896.144 - 365.577 - ( 93.573 - max(0, 799.433 - 446.899+93.573))
=3883.101

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3791.403 - 237.966 - ( 63.683 - max(0, 686.424 - 348.218+63.683))
=3891.643

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Bright Horizons Family Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=159.748/( ( (1353.999 + max(-327.22, 0)) + (1341.916 + max(-281.12, 0)) )/ 2 )
=159.748/( ( 1353.999 + 1341.916 )/ 2 )
=159.748/1347.9575
=11.85 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(281.71 + 0 + 71.616) - (365.577 + 301.916 + 13.053)
=-327.22

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(219.761 + 0 + 64.774) - (237.966 + 278.592 + 49.097)
=-281.12

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Bright Horizons Family Solutions's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=180.533/8321.688
=2.17 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Bright Horizons Family Solutions EBIT Related Terms

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Bright Horizons Family Solutions (Bright Horizons Family Solutions) Business Description

Traded in Other Exchanges
Address
2 Wells Avenue, Newton, MA, USA, 02459
Bright Horizons Family Solutions Inc provides education and care solutions designed to help employers support their employees in managing their work/life balance. The company has three business segments: full-service center-based child care, backup care, and educational advisory services. The vast majority of the company's revenue is generated by full-service center-based child care, which includes traditional center-based child care and early education services. Other services provided by the company include in-home child and elder care, tuition assistance, and education consulting. The company earns more than half of its revenue in North America.
Executives
Mary Ann Tocio director, officer: President and COO C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02459
Lightfoot Sara Lawrence director
Mary Lou Burke officer: COO North America Center Ops C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02048
Lawrence M Alleva director 1000 WINTER STREET, SUITE 3300, WALTHAM MA 02451
Stephen Howard Kramer officer: Chief Development Officer C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02459
Rosamund Marshall officer: Managing Director - Intl. 2 WELLS AVENUE, NEWTON MA 02459
Elizabeth J Boland officer: Chief Financial Officer C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02459
John Guy Casagrande officer: General Counsel and Secretary C/O BRIGHT HORIZONS, 2 WELLS AVENUE, NEWTON MA 02459
Jason Janoff officer: Chief Accounting Officer 2 WELLS AVENUE, NEWTON MA 02459
Maribeth Nash Bearfield officer: Chief Human Resources Officer 2 WELLS AVENUE, NEWTON MA 02459
David H Lissy director, officer: Chief Executive Officer C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02459
Marguerite Sallee director C/O BRIGHT HORIZONS FAMILY SOLUTIONS INC, 200 TALCOTT AVENUE SOUTH, WATERTOWN MA 02472
Julie Atkinson director C/O BRIGHT HORIZONS, 2 WELLS AVENUE, NEWTON MA 02459
Stephen I Dreier officer: See Remarks C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 200 TALCOTT AVENUE SOUTH, WATERTOWN MA 02472
Linda A Mason director BRIGHT HORIZONS INC, ONE KENDALL SQ BLDG 200, CAMBRIDGE MA 02139

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