Brown-Forman Corp (BF-B)

Brown-Forman Corporation, together with its subsidiaries, manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages. The company provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink cocktails, ready-to-pour products, vodkas, tequilas, gin, brandy, rum, bourbons, and liqueurs. The company offers its products primarily under the Jack Daniel's, Woodford Reserve, Old Forester, Gentleman Jack, Herradura, el Jimador, Fords Gin, The Glendronach, Chambord, Coopers' Craft, Diplomático, Benriach, Glenglassaugh, and Slane brands. It is also involved in the sale of used barrels, and bulk whiskey and wine; and provision of contract bottling services. The company serves retail customers and consumers through distributors and state governments; and retailers, wholesalers, and provincial governments directly. It operates in the United States, Germany, Australia, the United Kingdom, Canada, Spain, France, Mexico, Poland, Brazil, Türkiye, and internationally. Brown-Forman Corporation was founded in 1870 and is headquartered in Louisville, Kentucky.

Symbol: BF-B
Exchange: NYSE
Sector: Consumer Defensive
Industry: Beverages - Wineries & Distilleries
Market cap: $12.00B
52 week range: 22.61 - 31.92

Valuation

Share price: $26.16 (close of 2026-10-02)
P/E (TTM): 16.88x
Price to book: 3.02x
Price to free cash flow: 12.98x
Enterprise value: $14.14B
Book value per share: $8.65

Price performance

Period	Change
1 day	+0.73%
5 days	0.00%
1 month	-4.46%
3 months	0.00%
6 months	-2.21%
Year to date	+0.38%
1 year	-5.49%
3 years	-53.97%
5 years	-61.06%
10 years	-31.07%
All time	+5845.45%

Super investors holding BF-B

Thomas Russo (Gardner Russo & Quinn LLC) · Hillman Capital (Hillman Capital Management, Inc) · Ken Griffin (Citadel) · Lee Ainslie (Maverick Capital LTD) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity: 17.79%
Return on invested capital: 13.37%
Return on assets: 9.06%
Return on capital employed: 15.03%
Gross margin: 60.54%
Net margin: 18.20%
EBITDA margin: 27.83%
Revenue growth: -1.18%
Net income growth: -17.72%
Free cash flow growth: 107.19%

Cash flow and balance sheet

Free cash flow yield (TTM): 7.71%
Current ratio: 3.26x
Net debt to EBITDA: 1.96x

Latest reported year

Period end: 2026-04-30
Fiscal year: 2026
Revenue: $3.93B
Cost of revenue: $1.55B
Gross profit: $2.38B
EBITDA: $1.09B
Net income: $715.00M
Earnings per share: $1.53
Interest expense: $103.00M
Shares outstanding: 466.33M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2026-04-30	$3.93B	$2.38B	$715.00M	$1.53
2025-04-30	$3.98B	$2.34B	$869.00M	$1.84
2024-04-30	$4.18B	$2.53B	$1.02B	$2.15
2023-04-30	$4.23B	$2.49B	$783.00M	$1.63
2022-04-30	$3.93B	$2.39B	$838.00M	$1.75
2021-04-30	$3.46B	$2.09B	$903.00M	$1.89
2020-04-30	$3.36B	$2.13B	$827.00M	$1.73
2019-04-30	$3.32B	$2.17B	$835.00M	$1.74
2018-04-30	$3.25B	$2.20B	$717.00M	$1.49
2017-04-30	$2.99B	$2.02B	$669.00M	$1.38

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2026-04-30	60.54%	18.20%	17.79%	13.37%
2025-04-30	58.94%	21.86%	21.76%	14.25%
2024-04-30	60.46%	24.51%	29.12%	18.47%
2023-04-30	58.99%	18.52%	23.96%	15.38%
2022-04-30	60.79%	21.31%	30.62%	22.03%
2021-04-30	60.50%	26.09%	34.00%	25.15%
2020-04-30	63.25%	24.59%	41.87%	22.98%
2019-04-30	65.16%	25.12%	50.70%	24.79%
2018-04-30	67.80%	22.08%	54.48%	23.05%
2017-04-30	67.50%	22.34%	48.83%	23.86%

Cash and debt by year

Period end	Cash	Debt
2026-04-30	$308.00M	$2.08B
2025-04-30	$444.00M	$2.42B
2024-04-30	$446.00M	$2.37B
2023-04-30	$374.00M	$2.68B
2022-04-30	$868.00M	$2.02B
2021-04-30	$1.15B	$2.35B
2020-04-30	$675.00M	$2.27B
2019-04-30	$307.00M	$2.29B
2018-04-30	$239.00M	$2.34B
2017-04-30	$182.00M	$1.69B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2026-04-30	$893.00M	$32.00M
2025-04-30	$431.00M	$28.00M
2024-04-30	$419.00M	$25.00M
2023-04-30	$457.00M	$18.00M
2022-04-30	$798.00M	$15.00M
2021-04-30	$755.00M	$12.00M
2020-04-30	$611.00M	$11.00M
2019-04-30	$681.00M	$14.00M
2018-04-30	$526.00M	$19.00M
2017-04-30	$544.00M	$14.00M

Dividend history

Most recent payment: 2026-09-03
Paid in the last twelve months: $0.92

Payment date	Dividend per share
2026-09-03	$0.23
2026-06-10	$0.23
2026-03-09	$0.23
2025-12-05	$0.23
2025-09-03	$0.23
2025-06-09	$0.23
2025-03-07	$0.23
2024-12-06	$0.23

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-09-02	Jul/2026	$0.38
2026-06-04	Apr/2026	$0.33
2026-03-04	Jan/2026	$0.48
2025-12-04	Oct/2025	$0.48
2025-08-28	Jul/2025	$0.37
2025-06-05	Apr/2025	$0.36
2025-06-03	-	-
2025-03-05	Jan/2025	$0.47

Filings and sources

Company website: brown-forman.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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