Zacks Investment Research·Jun 26, 2026
Brown-Forman's Brand Strength and Premiumization Efforts Fuel GrowthBF.B is driving growth through premiumization, innovation and emerging-market expansion while strengthening its premium spirits portfolio.
Brown-Forman Corporation(BF-B)Earnings, Financials & Key Ratios
BF-B•NYSE
$25.91
16.9× P/E·Price updated Jul 7, 2026
SectorConsumer DefensiveIndustryWineries & DistilleriesSub-IndustryBranded spirits and beer producers
AboutBrown-Forman Corporation, together with its subsidiaries, manufactures, distills, bottles, imports, exports, markets, and sells various alcoholic beverages. It provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs. The company offers its products primarily under the Jack Daniel's, Reserve, Old Forester, Coopers' Craft, Herradura, el Jimador, New Mix, Korbel Champagnes, Sonoma-Cutrer, Finlandia, GlenDronach, Benriach, Glenglassaugh, Chambord, Slane, and Fords Gin brands. It is also involved in the sale of used barrels, bulk whiskey, and wine; and provision of contract bottling services. The company serves retail customers and consumers through distributors or state governments; and retailers, wholesalers, and provincial governments directly. It has operations in the United States, Germany, Australia, the United Kingdom, Mexico, and internationally. The company was founded in 1870 and is headquartered in Louisville, Kentucky.Show more
- Revenue$3.93B-1.2%
- EBITDA$1.11B-11.6%
- Net Income$715M-17.7%
- EPS (Diluted)1.53-16.8%
- Gross Margin60.54%+2.7%
- EBITDA Margin28.23%-10.5%
- Operating Margin28.23%-3.8%
- Net Margin18.2%-16.7%
- ROE17.85%-22.9%
BF-B Price & Volume
Brown-Forman Corporation (BF-B) stock price & volume — 10-year historical chart
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Cyclical Revenue Headwinds Challenge Premium Spirits Valuation
Investment Thesis • Updated 2026Q4
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Inventory-heavy capital intensity
Key Thesis Takeaways
- Brown-Forman faces a challenging transition as the post-pandemic spirits super-cycle cools, evidenced by revenue growth slowing to 2.0% in 2026Q4.
- While the company has successfully deleveraged its balance sheet, reducing total debt to $2.2 billion, investors should monitor the volatility in operating margins which compressed to 23.7% in 2026Q4.
- Long-term value remains supported by a disciplined capital allocation strategy, though near-term performance appears sensitive to inventory-heavy capital requirements and shifting consumer demand.
Verdict Logic
while the company maintains a healthy liquidity position with a 3.24 current ratio, the significant compression in operating margins to 23.7% warrants further investigation into the sustainability of core profitability.
BF-B Growth Metrics
Brown-Forman Corporation (BF-B) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.43%
5 Years2.56%
3 Years-2.42%
TTM-1.18%
Profit CAGR
10 Years-3.92%
5 Years-4.56%
3 Years-2.98%
TTM-17.72%
EPS CAGR
10 Years-3.07%
5 Years-4.04%
3 Years-2.09%
TTM-17.93%
Return on Capital
10 Years21.91%
5 Years18.27%
3 Years16.87%
Last Year16.23%
BF-B Recent Earnings
Brown-Forman Corporation (BF-B) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 4/12 qtrs (33%)
Q3 2026Latest
Jun 4, 2026Metric
Actual
Est
EPS
$0.12-61.2%
$0.31
Rev
$912M+3.1%
$885M
Q2 2026
Mar 4, 2026Metric
Actual
Est
EPS
$0.58+24.5%
$0.47
Rev
$1.1B+5.3%
$1.0B
Q4 2025
Dec 4, 2025Metric
Actual
Est
EPS
$0.47+1.5%
$0.47
Rev
$1.0B+3.0%
$1.0B
Q3 2025
Aug 28, 2025Metric
Actual
Est
EPS
$0.36-24.3%
$0.47
Rev
$924M-9.2%
$1.0B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 4, 2026 | $0.12vs $0.31-61.2% | $912Mvs $885M+3.1% |
| Q2 2026 | Mar 4, 2026 | $0.58vs $0.47+24.5% | $1.1Bvs $1.0B+5.3% |
| Q4 2025 | Dec 4, 2025 | $0.47vs $0.47+1.5% | $1.0Bvs $1.0B+3.0% |
| Q3 2025 | Aug 28, 2025 | $0.36vs $0.47-24.3% | $924Mvs $1.0B-9.2% |
Based on last 12 quarters of dataView full earnings history →
Latest BF-B News
Recent stock market news and headlines for Brown-Forman Corporation (BF-B)
Zacks Investment Research·Jun 25, 2026
BF.B Faces Flat Sales as Emerging Markets Offset Macro Strain AheadBrown-Forman is relying on emerging-market growth, premium spirits and innovation to offset weak developed-market demand and a cautious fiscal 2027 outlook.
24/7 Wall Street·Jun 25, 2026
Here Are Thursday's Best Wall Street Analyst Research Calls: Brown-Forman, CoreWeave, Intel, JFrog, Keurig Dr. Pepper, Klarna Group, Qualcomm, Shift 4 Payments, and MoreFutures are trading higher this morning, after all the big funds and portfolio managers may have shown their hands on Wednesday, as the tech and chip stocks sell-off resumed after stocks started higher in the morning but faded in the afternoon.
Peers Comparison
Key metrics vs top competitors for Brown-Forman Corporation (BF-B)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $25.91 | $12.08B | 16.93 | -1.18% | 18.2% | 17.85% | 3.53% | |
| $82.84 | $46.05B | 19.54 | -0.12% | 14.7% | 54.04% | — | |
| $79.74 | $137.22B | 27.88 | 0.65% | 10.49% | 13.75% | — | |
| $136.88 | $23.38B | 14.24 | -10.47% | 20.14% | 22.3% | — | |
| $37.92 | $3.9B | -46.81 | 120.01% | -49.17% | -5.89% | — | |
| $16.63 | $355.4M | -3.33 | -23.77% | -45.97% | -32.05% | — |
Compare BF-B vs Peers
Brown-Forman Corporation (BF-B) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BF-B SEC Filings & Documents
Brown-Forman Corporation (BF-B) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 4, 2026·SEC
Material company update
Apr 28, 2026·SEC
Material company update
Mar 27, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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BF-B Frequently Asked Questions
Brown-Forman Corporation (BF-B) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Brown-Forman Corporation's revenue?
Brown-Forman Corporation (BF-B) reported $3.93B in revenue for fiscal year 2026. This represents a 148% increase from $1.58B in 1997.
How fast is Brown-Forman Corporation growing?
Brown-Forman Corporation (BF-B) saw revenue decline by 1.2% over the past year.
Is BF-B profitable?
Yes, Brown-Forman Corporation (BF-B) is profitable, generating $715.0M in net income for fiscal year 2026 (18.2% net margin).
Dividend & Returns
Does BF-B pay dividends?
Yes, Brown-Forman Corporation (BF-B) pays a dividend with a yield of 3.53%. This makes it attractive for income-focused investors.
What is BF-B's return on equity?
Brown-Forman Corporation (BF-B) has a return on equity (ROE) of 17.8%. This is reasonable for most industries.
What is Brown-Forman Corporation's free cash flow?
Brown-Forman Corporation (BF-B) generated $893.0M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.