BFA, BFB · Brown Forman Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.06B | $1.04B | $924.00M | $1.09B | $1.03B | $951.00M | $1.11B | $1.07B | $1.04B | $1.09B |
| Cost of Revenue | $416.00M | $421.00M | $372.00M | $449.00M | $416.00M | $386.00M | $436.00M | $434.00M | $387.00M | $481.00M |
| Gross Profit | $640.00M | $615.00M | $552.00M | $646.00M | $619.00M | $565.00M | $671.00M | $635.00M | $651.00M | $613.00M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $184.00M | $187.00M | $177.00M | $187.00M | $178.00M | $188.00M | $192.00M | $203.00M | $200.00M | $180.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | $22.00M | - | - | $22.00M | - | - | $21.00M | - |
| Operating Income | $340.00M | $305.00M | $260.00M | $341.00M | $280.00M | $281.00M | $339.00M | $373.00M | $327.00M | $313.00M |
| Interest Expense | $26.00M | $26.00M | $25.00M | $32.00M | $31.00M | $32.00M | $31.00M | $33.00M | $29.00M | $18.00M |
| Income Tax | $48.00M | $55.00M | $50.00M | $55.00M | $62.00M | $58.00M | $68.00M | $57.00M | $68.00M | $71.00M |
| Net Income | $267.00M | $224.00M | $170.00M | $258.00M | $270.00M | $195.00M | $242.00M | $285.00M | $231.00M | $227.00M |
| EPS - Basic | $0.58 | $0.47 | $0.36 | $0.55 | $0.57 | $0.41 | $0.50 | $0.60 | $0.48 | $0.47 |
| EPS - Diluted | $0.58 | $0.47 | $0.36 | $0.55 | $0.57 | $0.41 | $0.50 | $0.60 | $0.48 | $0.47 |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $383.00M | $319.00M | $471.00M | $444.00M | $599.00M | $416.00M | $446.00M | $589.00M | $426.00M | $374.00M |
| Accounts Receivable | $983.00M | $1.04B | $847.00M | $830.00M | $855.00M | $806.00M | $769.00M | $878.00M | $872.00M | $855.00M |
| Inventory | $2.56B | $2.56B | $2.59B | $2.51B | $2.45B | $2.60B | $2.56B | $2.53B | $2.50B | $2.28B |
| Accounts Payable | - | - | - | $243.00M | - | - | $267.00M | - | - | $308.00M |
| Current Assets | $4.23B | $4.21B | $4.18B | $4.20B | $4.28B | $4.08B | $4.04B | $4.42B | $4.19B | $3.80B |
| Total Assets | $8.30B | $8.22B | $8.17B | $8.09B | $8.07B | $8.21B | $8.17B | $8.24B | $8.09B | $7.78B |
| Current Liabilities | $1.53B | $1.42B | $1.50B | $1.08B | $1.23B | $1.65B | $1.56B | $1.61B | $1.31B | $1.08B |
| Long-term Debt | $2.09B | $2.07B | $2.08B | $2.42B | $2.36B | $2.38B | $2.37B | $2.68B | $2.69B | $2.68B |
| Total Liabilities | $4.22B | $4.09B | $4.18B | $4.09B | $4.25B | $4.74B | $4.65B | $4.99B | $4.75B | $4.51B |
| Stockholders' Equity | $4.08B | $4.13B | $3.99B | $3.99B | $3.82B | $3.46B | $3.52B | $3.25B | $3.34B | $3.27B |
| Retained Earnings | $5.05B | $4.89B | $4.67B | $4.71B | $4.67B | $4.25B | $4.26B | $4.00B | $3.67B | $3.64B |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $160.00M | - | - | $17.00M | - | - | $38.00M | - |
| Investing Cash Flow | - | - | $2.00M | - | - | $10.00M | - | - | ($44.00M) | - |
| Financing Cash Flow | - | - | ($138.00M) | - | - | ($51.00M) | - | - | $50.00M | - |
| CapEx | - | - | $31.00M | - | - | $41.00M | - | - | $49.00M | - |
| Free Cash Flow | - | - | $129.00M | - | - | ($24.00M) | - | - | ($11.00M) | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 60.6% | 59.4% | 59.7% | 59.0% | 59.8% | 59.4% | 60.6% | 59.4% | 62.7% | 56.0% |
| Operating margin | 32.2% | 29.4% | 28.1% | 31.1% | 27.1% | 29.5% | 30.6% | 34.9% | 31.5% | 28.6% |
| EBITDA margin | - | - | 30.5% | - | - | 31.9% | - | - | 33.5% | - |
| Net margin | 25.3% | 21.6% | 18.4% | 23.6% | 26.1% | 20.5% | 21.9% | 26.7% | 22.3% | 20.7% |
| Free cash flow margin | - | - | 14.0% | - | - | -2.5% | - | - | -1.1% | - |
| FCF / Net income | - | - | 0.76 | - | - | -0.12 | - | - | -0.05 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 17.4% | 18.1% | 19.2% | 17.1% | 17.2% | 19.8% | 17.3% | 19.0% | 19.3% | 16.5% |
| Effective tax rate | 15.2% | 19.7% | 22.7% | 17.6% | 18.7% | 22.9% | 21.9% | 16.7% | 22.7% | 23.8% |
| Return on assets | 3.2% | 2.7% | 2.1% | 3.2% | 3.3% | 2.4% | 3.0% | 3.5% | 2.9% | 2.9% |
| Return on equity | 6.5% | 5.4% | 4.3% | 6.5% | 7.1% | 5.6% | 6.9% | 8.8% | 6.9% | 6.9% |
| Return on invested capital | 4.7% | 3.9% | 3.3% | 4.4% | 3.7% | 3.7% | 4.5% | 5.2% | 4.2% | 4.0% |
| Liquidity | ||||||||||
| Current ratio | 2.77 | 2.97 | 2.79 | 3.88 | 3.49 | 2.47 | 2.59 | 2.74 | 3.20 | 3.51 |
| Quick ratio | 1.09 | 1.17 | 1.06 | 1.56 | 1.49 | 0.90 | 0.95 | 1.17 | 1.29 | 1.40 |
| Cash ratio | 0.25 | 0.23 | 0.31 | 0.41 | 0.49 | 0.25 | 0.29 | 0.37 | 0.33 | 0.35 |
| Leverage | ||||||||||
| Debt / Equity | 0.51 | 0.50 | 0.52 | 0.61 | 0.62 | 0.69 | 0.67 | 0.83 | 0.80 | 0.82 |
| Debt / Assets | 0.25 | 0.25 | 0.25 | 0.30 | 0.29 | 0.29 | 0.29 | 0.33 | 0.33 | 0.34 |
| Debt / EBITDA | - | - | 7.36 | - | - | 7.87 | - | - | 7.72 | - |
| Interest coverage | 13.1x | 11.7x | 10.4x | 10.7x | 9.0x | 8.8x | 10.9x | 11.3x | 11.3x | 17.4x |
| Equity multiplier | 2.03 | 1.99 | 2.05 | 2.03 | 2.11 | 2.37 | 2.32 | 2.54 | 2.42 | 2.38 |
| Liabilities / Assets | 0.51 | 0.50 | 0.51 | 0.51 | 0.53 | 0.58 | 0.57 | 0.61 | 0.59 | 0.58 |
| Efficiency | ||||||||||
| Asset turnover | 0.13 | 0.13 | 0.11 | 0.14 | 0.13 | 0.12 | 0.14 | 0.13 | 0.13 | 0.14 |
| Inventory turnover | 0.16 | 0.16 | 0.14 | 0.18 | 0.17 | 0.15 | 0.17 | 0.17 | 0.15 | 0.21 |
| Days sales outstanding | 340d | 367d | 335d | 277d | 302d | 309d | 254d | 300d | 307d | 285d |
| Days inventory outstanding | 2246d | 2219d | 2537d | 2041d | 2151d | 2455d | 2140d | 2127d | 2360d | 1732d |
| Days payable outstanding | - | - | - | 198d | - | - | 224d | - | - | 234d |
| Cash conversion cycle | - | - | - | 2120d | - | - | 2170d | - | - | 1784d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.0% | -5.4% | -2.8% | -1.1% | -3.2% | -8.4% | 1.2% | -1.1% | 3.1% | 10.1% |
| Revenue CAGR (3y) | -0.8% | -1.8% | -2.8% | 3.3% | -0.1% | 1.6% | 4.0% | 5.5% | 11.3% | 3.4% |
| Revenue CAGR (5y) | 3.0% | 1.0% | 4.2% | 2.1% | 2.9% | 4.4% | 4.0% | 4.0% | 6.3% | - |
| Gross profit growth (YoY) | 3.4% | -4.8% | -2.3% | -3.7% | -2.5% | -13.2% | 9.5% | 1.8% | 4.7% | 3.9% |
| Operating income growth (YoY) | 21.4% | -10.6% | -7.5% | 0.6% | -24.9% | -14.1% | 8.3% | 115.6% | -4.7% | -2.8% |
| Net income growth (YoY) | -1.1% | -13.2% | -12.8% | 6.6% | -5.3% | -15.6% | 6.6% | 185.0% | -7.2% | -3.8% |
| EPS growth (YoY) | 1.8% | -14.5% | -12.2% | 10.0% | -5.0% | -14.6% | 6.4% | 185.7% | -7.7% | -4.1% |
| EPS CAGR (3y) | 40.3% | 0.0% | -11.5% | 3.9% | 1.8% | 0.8% | 0.0% | 10.1% | -10.5% | -7.3% |
| EPS CAGR (5y) | 5.2% | -1.2% | -11.7% | -1.4% | 3.5% | 1.0% | -0.8% | 5.0% | 3.2% | -5.4% |
| FCF growth (YoY) | - | - | - | - | - | -118.2% | - | - | - | - |
| FCF CAGR (5y) | - | - | 11.2% | - | - | - | - | - | - | - |
| Book value growth (YoY) | 6.8% | 3.5% | 15.1% | 13.5% | 17.8% | 3.8% | 7.6% | 6.8% | 18.9% | 19.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-04-30.
Product / service
$3.98B totalWhiskey$2.83B · 71.1%
Ready To Drink$491.00M · 12.4%
Restofportfolio$292.00M · 7.3%
Tequila$262.00M · 6.6%
Nonbrandedandbulk$102.00M · 2.6%
Geographic
$6.18B totalUS$1.76B · 28.5%
Other Countries$1.32B · 21.3%
Developed International$1.09B · 17.6%
Emerging$852.00M · 13.8%
MX$267.00M · 4.3%
DE$253.00M · 4.1%
AU$199.00M · 3.2%
GB$174.00M · 2.8%
Travel Retail$166.00M · 2.7%
Nonbrandedandbulk$102.00M · 1.6%
Peer comparison
Same SIC group: Beverages
Comparing BROWN FORMAN CORP against the 5 most active filers in the same SIC group.