Brown–Forman (BF-B)

NYSE Consumer Staples Distillers & Vintners S&P 500

$30.58

-0.38 (-1.23%)

Close of Nov 06, 2026 · end-of-day data

Source: Brown–Forman's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$2.99B	$3.25B	$3.32B	$3.36B	$3.46B	$3.93B	$4.23B	$4.18B	$3.98B	$3.93B
Cost of revenue	$973.00M	$1.05B	$1.16B	$1.24B	$1.37B	$1.54B	$1.73B	$1.65B	$1.63B	$1.55B
Gross profit	$2.02B	$2.20B	$2.17B	$2.13B	$2.09B	$2.39B	$2.49B	$2.53B	$2.34B	$2.38B
Selling, general & admin	$657.00M	$765.00M	$641.00M	$642.00M	$671.00M	$690.00M	$742.00M	$826.00M	$744.00M	$807.00M
Operating income	$1.01B	$1.05B	$1.14B	$1.09B	$1.17B	$1.20B	$1.13B	$1.41B	$1.11B	$1.00B
Interest expense	$59.00M	$68.00M	$88.00M	$82.00M	$81.00M	$82.00M	$90.00M	$127.00M	$122.00M	$103.00M
Pre-tax income	$933.00M	$977.00M	$1.04B	$1.01B	$1.08B	$1.11B	$1.02B	$1.30B	$1.08B	$885.00M
Income tax	$264.00M	$260.00M	$207.00M	$182.00M	$178.00M	$276.00M	$234.00M	$274.00M	$212.00M	$170.00M
Net income	$669.00M	$717.00M	$835.00M	$827.00M	$903.00M	$838.00M	$783.00M	$1.02B	$869.00M	$715.00M
EBITDA	$1.07B	$1.11B	$1.22B	$1.17B	$1.24B	$1.28B	$1.21B	$1.50B	$1.19B	$1.09B
EPS (basic)	$1.38	$1.49	$1.74	$1.73	$1.89	$1.75	$1.63	$2.15	$1.84	$1.53
EPS (diluted)	$1.37	$1.48	$1.73	$1.72	$1.88	$1.74	$1.63	$2.14	$1.84	$1.53
Diluted shares	488.08M	484.25M	482.07M	480.41M	480.68M	480.56M	480.46M	477.22M	472.95M	466.73M
Gross margin	67.5%	67.8%	65.2%	63.2%	60.5%	60.8%	59.0%	60.5%	58.9%	60.5%
Operating margin	33.7%	32.3%	34.4%	32.4%	33.7%	30.6%	26.7%	33.8%	27.8%	25.5%
Net margin	22.3%	22.1%	25.1%	24.6%	26.1%	21.3%	18.5%	24.5%	21.9%	18.2%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$182.00M	$239.00M	$307.00M	$675.00M	$1.15B	$868.00M	$374.00M	$446.00M	$444.00M	$308.00M
Receivables	$557.00M	$639.00M	$609.00M	$570.00M	$753.00M	$813.00M	$855.00M	$769.00M	$830.00M	$832.00M
Inventory	$1.27B	$1.38B	$1.52B	$1.69B	$1.75B	$1.82B	$2.28B	$2.56B	$2.51B	$2.54B
Total current assets	$2.35B	$2.56B	$2.72B	$3.27B	$3.92B	$3.78B	$3.80B	$4.04B	$4.20B	$3.99B
Goodwill	$753.00M	$763.00M	$753.00M	$756.00M	$779.00M	$761.00M	$1.46B	$1.46B	$1.50B	$1.52B
Total assets	$4.62B	$4.98B	$5.14B	$5.77B	$6.52B	$6.37B	$7.78B	$8.17B	$8.09B	$7.89B
Total current liabilities	$970.00M	$821.00M	$703.00M	$880.00M	$918.00M	$1.03B	$1.08B	$1.56B	$1.08B	$1.23B
Short-term debt	$249.00M	$0	$150.00M	$333.00M	$0	$250.00M	$0	$300.00M	$0	$351.00M
Long-term debt	$1.69B	$2.34B	$2.29B	$2.27B	$2.35B	$2.02B	$2.68B	$2.37B	$2.42B	$2.08B
Total debt	$1.94B	$2.34B	$2.44B	$2.60B	$2.35B	$2.27B	$2.68B	$2.67B	$2.42B	$2.43B
Total liabilities	$3.25B	$3.66B	$3.49B	$3.79B	$3.87B	$3.64B	$4.51B	$4.65B	$4.09B	$3.87B
Shareholders' equity	$1.37B	$1.32B	$1.65B	$1.98B	$2.66B	$2.74B	$3.27B	$3.52B	$3.99B	$4.02B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	$656.00M	$653.00M	$800.00M	$724.00M	$817.00M	$936.00M	$640.00M	$647.00M	$598.00M	$1.00B
Capital expenditures	$112.00M	$127.00M	$119.00M	$113.00M	$62.00M	$138.00M	$183.00M	$228.00M	$167.00M	$107.00M
Free cash flow	$544.00M	$526.00M	$681.00M	$611.00M	$755.00M	$798.00M	$457.00M	$419.00M	$431.00M	$893.00M
Investing cash flow	-$439.00M	-$149.00M	-$119.00M	-$141.00M	$98.00M	-$127.00M	-$1.35B	$49.00M	$249.00M	-$71.00M
Financing cash flow	-$285.00M	-$466.00M	-$599.00M	-$191.00M	-$485.00M	-$1.04B	$239.00M	-$618.00M	-$843.00M	-$1.07B
Dividends paid	$274.00M	$773.00M	$310.00M	$325.00M	$338.00M	$831.00M	$378.00M	$404.00M	$420.00M	$427.00M
Share buybacks	$561.00M	$1.00M	$207.00M	$1.00M	$0	$0	$0	$400.00M	$0	$400.00M
Stock-based compensation	$14.00M	$19.00M	$14.00M	$11.00M	$12.00M	$15.00M	$18.00M	$25.00M	$28.00M	$32.00M
Depreciation & amortization	$58.00M	$64.00M	$72.00M	$74.00M	$77.00M	$79.00M	$80.00M	$87.00M	$87.00M	$92.00M

Income statement

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Revenue	$1.11B	$1.07B	$964.00M	$951.00M	$1.09B	$1.03B	$894.00M	$924.00M	$1.04B	$1.06B	$912.00M	$911.00M
Cost of revenue	$436.00M	$434.00M	$395.00M	$386.00M	$449.00M	$416.00M	$381.00M	$372.00M	$421.00M	$416.00M	$341.00M	$362.00M
Gross profit	$671.00M	$635.00M	$569.00M	$565.00M	$646.00M	$619.00M	$513.00M	$552.00M	$615.00M	$640.00M	$571.00M	$549.00M
Selling, general & admin	$192.00M	$203.00M	$231.00M	$188.00M	$185.00M	$178.00M	$193.00M	$177.00M	$187.00M	$184.00M	$259.00M	$185.00M
Operating income	$339.00M	$373.00M	$375.00M	$281.00M	$341.00M	$280.00M	$205.00M	$260.00M	$305.00M	$340.00M	$96.00M	$252.00M
Interest expense	$31.00M	$33.00M	$34.00M	$32.00M	$32.00M	$31.00M	$27.00M	$25.00M	$26.00M	$26.00M	$26.00M	$25.00M
Pre-tax income	$310.00M	$342.00M	$347.00M	$253.00M	$313.00M	$332.00M	$183.00M	$220.00M	$279.00M	$315.00M	$71.00M	$229.00M
Income tax	$68.00M	$57.00M	$81.00M	$58.00M	$55.00M	$62.00M	$37.00M	$50.00M	$55.00M	$48.00M	$17.00M	$53.00M
Net income	$242.00M	$285.00M	$266.00M	$195.00M	$258.00M	$270.00M	$146.00M	$170.00M	$224.00M	$267.00M	$54.00M	$176.00M
EBITDA	$359.00M	$398.00M	$396.00M	$303.00M	$363.00M	$302.00M	$226.00M	$282.00M	$327.00M	$364.00M	$120.00M	$275.00M
EPS (basic)	$0.50	$0.60	$0.56	$0.41	$0.55	$0.57	$0.31	$0.36	$0.47	$0.58	$0.12	$0.38
EPS (diluted)	$0.50	$0.60	$0.56	$0.41	$0.55	$0.57	$0.31	$0.36	$0.47	$0.58	$0.12	$0.38
Diluted shares	480.12M	475.57M	-1.22M	472.94M	473.06M	472.89M	-10.00K	472.96M	472.61M	462.86M	-2.22M	459.52M
Gross margin	60.6%	59.4%	59.0%	59.4%	59.0%	59.8%	57.4%	59.7%	59.4%	60.6%	62.6%	60.3%
Operating margin	30.6%	34.9%	38.9%	29.5%	31.1%	27.1%	22.9%	28.1%	29.4%	32.2%	10.5%	27.7%
Net margin	21.9%	26.7%	27.6%	20.5%	23.6%	26.1%	16.3%	18.4%	21.6%	25.3%	5.9%	19.3%

Balance sheet

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Cash & equivalents	$373.00M	$589.00M	$446.00M	$416.00M	$416.00M	$599.00M	$444.00M	$471.00M	$319.00M	$383.00M	$308.00M	$301.00M
Receivables	$948.00M	$878.00M	$769.00M	$806.00M	$954.00M	$855.00M	$830.00M	$847.00M	$1.04B	$983.00M	$832.00M	$822.00M
Inventory	$2.58B	$2.53B	$2.56B	$2.60B	$2.56B	$2.45B	$2.51B	$2.59B	$2.56B	$2.56B	$2.54B	$2.57B
Total current assets	$4.27B	$4.42B	$4.04B	$4.08B	$4.20B	$4.28B	$4.20B	$4.18B	$4.21B	$4.23B	$3.99B	$3.96B
Goodwill	$1.46B	$1.46B	$1.46B	$1.46B	$1.47B	$1.44B	$1.50B	$1.51B	$1.51B	$1.54B	$1.52B	$1.51B
Total assets	$8.12B	$8.24B	$8.17B	$8.21B	$8.33B	$8.07B	$8.09B	$8.17B	$8.22B	$8.30B	$7.89B	$7.83B
Total current liabilities	$1.30B	$1.61B	$1.56B	$1.65B	$1.55B	$1.23B	$1.08B	$1.50B	$1.42B	$1.53B	$1.23B	$1.21B
Short-term debt	$456.00M	$728.00M	$300.00M	$300.00M	$300.00M	$300.00M	$0	$344.00M	$347.00M	$356.00M	$351.00M	$0
Long-term debt	$2.65B	$2.68B	$2.37B	$2.38B	$2.39B	$2.36B	$2.42B	$2.08B	$2.07B	$2.09B	$2.08B	$2.08B
Total debt	$3.11B	$3.41B	$2.67B	$2.68B	$2.69B	$2.66B	$2.42B	$2.42B	$2.42B	$2.44B	$2.43B	$2.08B
Total liabilities	$4.66B	$4.99B	$4.65B	$4.74B	$4.63B	$4.25B	$4.09B	$4.18B	$4.09B	$4.22B	$3.87B	$3.86B
Shareholders' equity	$3.45B	$3.25B	$3.52B	$3.46B	$3.71B	$3.82B	$3.99B	$3.99B	$4.13B	$4.08B	$4.02B	$3.97B

Cash flow

quarters · USD

Quarter ended	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Operating cash flow	$59.00M	$265.00M	$285.00M	$17.00M	$112.00M	$317.00M	$152.00M	$160.00M	$132.00M	$417.00M	$291.00M	$173.00M
Capital expenditures	$30.00M	$69.00M	$80.00M	$41.00M	$31.00M	$45.00M	$50.00M	$31.00M	$25.00M	$25.00M	$26.00M	$12.00M
Free cash flow	$29.00M	$196.00M	$205.00M	-$24.00M	$81.00M	$272.00M	$102.00M	$129.00M	$107.00M	$392.00M	$265.00M	$161.00M
Investing cash flow	-$17.00M	$124.00M	-$14.00M	$10.00M	-$31.00M	$305.00M	-$35.00M	$2.00M	-$25.00M	-$25.00M	-$23.00M	-$13.00M
Financing cash flow	-$73.00M	-$189.00M	-$406.00M	-$51.00M	-$78.00M	-$417.00M	-$297.00M	-$138.00M	-$261.00M	-$338.00M	-$337.00M	-$164.00M
Dividends paid	$98.00M	$103.00M	$104.00M	$103.00M	$103.00M	$107.00M	$107.00M	$107.00M	$107.00M	$107.00M	$106.00M	$106.00M
Share buybacks	—	$358.00M	$0	—	—	$0	$0	—	—	$301.00M	$0	—
Stock-based compensation	$7.00M	$7.00M	$7.00M	$4.00M	$9.00M	$7.00M	$8.00M	$4.00M	$8.00M	$10.00M	$10.00M	$4.00M
Depreciation & amortization	$20.00M	$25.00M	$21.00M	$22.00M	$22.00M	$22.00M	$21.00M	$22.00M	$22.00M	$24.00M	$24.00M	$23.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.