What is BF's earnings per share (EPS)?

BF (BF-A) reported diluted earnings per share of $1.53 for fiscal year 2026. This represents a -16.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

BF Financials

BF-A

Source SEC Filings (10-K/10-Q) Data as of Apr 30, 2026 Currency USD FYE April

This page shows BF (BF-A) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BF-A FY2025 2026-04-22

Stable gross economics are being overshadowed by inventory-heavy working capital that keeps profits from turning cleanly into cash.

From FY2023 to FY2025, inventory stayed near $2.6B even as revenue slipped to $4.0B, showing more cash tied up per dollar of sales. That helps explain why operating cash flow hovered around $600M while net income was still $869M in FY2025: earnings are not converting to cash as cleanly as they did before FY2023.

Gross margin held close to 59% in FY2025, so the basic product economics did not collapse with sales. Operating margin fell to 27.9% from 33.8%, pointing to pressure below gross profit rather than a simple breakdown in unit economics.

The balance sheet is becoming less debt-led, with debt-to-equity down to 0.5x from 0.8x since FY2023. But current liquidity is inventory-heavy: cash was $471M, while inventory alone was $2.6B, so the current ratio overstates immediately available liquidity.

Financial Health Signals

Financial health score pending refresh

We are recalculating BF's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

6/8

BF passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.40x

For every $1 of reported earnings, BF generates $1.40 in operating cash flow ($1.0B OCF vs $715.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

9.7x

BF earns $9.7 in operating income for every $1 of interest expense ($1.0B vs $103.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.9B

YoY-1.2%

5Y CAGR+2.6%

10Y CAGR-0.2%

BF generated $3.9B in revenue in fiscal year 2026. This represents a decrease of 1.2% from the prior year.

EBITDA

$1.1B

YoY-8.5%

5Y CAGR-2.5%

10Y CAGR-3.7%

BF's EBITDA was $1.1B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.5% from the prior year.

Net Income

$715.0M

YoY-17.7%

5Y CAGR-4.6%

10Y CAGR-3.9%

BF reported $715.0M in net income in fiscal year 2026. This represents a decrease of 17.7% from the prior year.

EPS (Diluted)

$1.53

YoY-16.8%

5Y CAGR-4.0%

10Y CAGR-3.1%

BF earned $1.53 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 16.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$893.0M

YoY+107.2%

5Y CAGR+3.4%

10Y CAGR+7.9%

BF generated $893.0M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 107.2% from the prior year.

Cash & Debt

$308.0M

YoY-34.6%

5Y CAGR-23.5%

10Y CAGR-3.9%

BF held $308.0M in cash against $2.1B in long-term debt as of fiscal year 2026.

Dividends Per Share

$0.92

YoY+3.0%

5Y CAGR+5.3%

10Y CAGR+5.7%

BF paid $0.92 per share in dividends in fiscal year 2026. This represents an increase of 3.0% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

60.5%

YoY+1.6pp

5Y CAGR+0.0pp

10Y CAGR+7.1pp

BF's gross margin was 60.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 1.6 percentage points from the prior year.

Operating Margin

25.5%

YoY-2.4pp

5Y CAGR-8.2pp

10Y CAGR-12.7pp

BF's operating margin was 25.5% in fiscal year 2026, reflecting core business profitability. This is down 2.4 percentage points from the prior year.

Net Margin

18.2%

YoY-3.7pp

5Y CAGR-7.9pp

10Y CAGR-8.4pp

BF's net profit margin was 18.2% in fiscal year 2026, showing the share of revenue converted to profit. This is down 3.7 percentage points from the prior year.

Return on Equity

17.8%

YoY-4.0pp

5Y CAGR-15.9pp

10Y CAGR-62.4pp

BF's ROE was 17.8% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 4.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$400.0M

10Y CAGR-9.7%

BF spent $400.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$107.0M

YoY-35.9%

5Y CAGR+11.5%

10Y CAGR-0.1%

BF invested $107.0M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 35.9% from the prior year.

BF-A Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$3.9B-1.2%	$4.0B-4.9%	$4.2B-1.2%	$4.2B+7.5%	$3.9B+13.6%	$3.5B
Cost of Revenue	$1.6B-5.0%	$1.6B-1.2%	$1.7B-4.7%	$1.7B+12.5%	$1.5B+12.8%	$1.4B
Gross Profit	$2.4B+1.5%	$2.3B-7.2%	$2.5B+1.3%	$2.5B+4.3%	$2.4B+14.2%	$2.1B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$807.0M+8.5%	$744.0M-9.9%	$826.0M+11.3%	$742.0M+7.5%	$690.0M+2.8%	$671.0M
Operating Income	$1.0B-9.6%	$1.1B-21.7%	$1.4B+25.5%	$1.1B-6.4%	$1.2B+3.3%	$1.2B
Interest Expense	$103.0M-15.6%	$122.0M-3.9%	$127.0M+41.1%	$90.0M+9.8%	$82.0M+1.2%	$81.0M
Income Tax	$170.0M-19.8%	$212.0M-22.6%	$274.0M+17.1%	$234.0M-15.2%	$276.0M+55.1%	$178.0M
Net Income	$715.0M-17.7%	$869.0M-15.1%	$1.0B+30.8%	$783.0M-6.6%	$838.0M-7.2%	$903.0M
EPS (Diluted)	$1.53-16.8%	$1.84-14.0%	$2.14+31.3%	$1.63-6.3%	$1.74-7.4%	$1.88

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$912.0M-13.6%	$1.1B+1.9%	$1.0B+12.1%	$924.0M+3.4%	$894.0M-13.6%	$1.0B-5.5%	$1.1B+15.1%	$951.0M
Cost of Revenue	$341.0M-18.0%	$416.0M-1.2%	$421.0M+13.2%	$372.0M-2.4%	$381.0M-8.4%	$416.0M-7.3%	$449.0M+16.3%	$386.0M
Gross Profit	$571.0M-10.8%	$640.0M+4.1%	$615.0M+11.4%	$552.0M+7.6%	$513.0M-17.1%	$619.0M-4.2%	$646.0M+14.3%	$565.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$259.0M+40.8%	$184.0M-1.6%	$187.0M+5.6%	$177.0M-8.3%	$193.0M+8.4%	$178.0M-3.8%	$185.0M-1.6%	$188.0M
Operating Income	$96.0M-71.8%	$340.0M+11.5%	$305.0M+17.3%	$260.0M+26.8%	$205.0M-26.8%	$280.0M-17.9%	$341.0M+21.4%	$281.0M
Interest Expense	$26.0M0.0%	$26.0M0.0%	$26.0M+4.0%	$25.0M-7.4%	$27.0M-12.9%	$31.0M-3.1%	$32.0M0.0%	$32.0M
Income Tax	$17.0M-64.6%	$48.0M-12.7%	$55.0M+10.0%	$50.0M+35.1%	$37.0M-40.3%	$62.0M+12.7%	$55.0M-5.2%	$58.0M
Net Income	$54.0M-79.8%	$267.0M+19.2%	$224.0M+31.8%	$170.0M+16.4%	$146.0M-45.9%	$270.0M+4.7%	$258.0M+32.3%	$195.0M
EPS (Diluted)	N/A	$0.58+23.4%	$0.47+30.6%	$0.36	N/A	$0.57+3.6%	$0.55+34.1%	$0.41

BF-A Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	$7.9B-3.4%	$8.2B-0.4%	$8.2B+1.5%	$8.1B+24.0%	$6.5B-0.9%	$6.6B
Current Assets	$4.0B-4.5%	$4.2B+2.4%	$4.1B-2.6%	$4.2B+6.8%	$3.9B-1.7%	$4.0B
Cash & Equivalents	$308.0M-34.6%	$471.0M+13.2%	$416.0M-2.3%	$426.0M-52.6%	$899.0M-23.3%	$1.2B
Inventory	$2.5B-1.7%	$2.6B-0.4%	$2.6B+3.8%	$2.5B+30.9%	$1.9B+8.0%	$1.8B
Accounts Receivable	$832.0M-1.8%	$847.0M+5.1%	$806.0M-7.6%	$872.0M+3.7%	$841.0M+4.7%	$803.0M
Goodwill	$1.5B+1.0%	$1.5B+2.9%	$1.5B-2.0%	$1.5B+97.6%	$756.0M-2.8%	$778.0M
Total Liabilities	$3.9B-7.4%	$4.2B-11.8%	$4.7B-0.2%	$4.7B+27.8%	$3.7B-4.7%	$3.9B
Current Liabilities	$1.2B-17.7%	$1.5B-9.2%	$1.6B+26.1%	$1.3B+17.8%	$1.1B+17.7%	$943.0M
Long-Term Debt	$2.1B+0.4%	$2.1B-13.0%	$2.4B-11.3%	$2.7B+34.5%	$2.0B-14.8%	$2.3B
Total Equity	$4.0B+0.8%	$4.0B+15.1%	$3.5B+3.8%	$3.3B+18.9%	$2.8B+4.6%	$2.7B
Retained Earnings	$5.0B+7.1%	$4.7B+9.8%	$4.3B+15.7%	$3.7B+11.1%	$3.3B+1.6%	$3.3B

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$7.9B-4.9%	$8.3B+1.0%	$8.2B+0.6%	$8.2B+1.1%	$8.1B+0.2%	$8.1B-3.1%	$8.3B+1.5%	$8.2B
Current Assets	$4.0B-5.7%	$4.2B+0.5%	$4.2B+0.8%	$4.2B-0.4%	$4.2B-2.0%	$4.3B+2.0%	$4.2B+2.8%	$4.1B
Cash & Equivalents	$308.0M-19.6%	$383.0M+20.1%	$319.0M-32.3%	$471.0M+6.1%	$444.0M-25.9%	$599.0M+44.0%	$416.0M0.0%	$416.0M
Inventory	$2.5B-0.7%	$2.6B0.0%	$2.6B-1.0%	$2.6B+3.0%	$2.5B+2.4%	$2.5B-4.4%	$2.6B-1.2%	$2.6B
Accounts Receivable	$832.0M-15.4%	$983.0M-5.7%	$1.0B+23.0%	$847.0M+2.0%	$830.0M-2.9%	$855.0M-10.4%	$954.0M+18.4%	$806.0M
Goodwill	$1.5B-0.9%	$1.5B+1.7%	$1.5B+0.2%	$1.5B+0.1%	$1.5B+4.9%	$1.4B-2.2%	$1.5B+0.3%	$1.5B
Total Liabilities	$3.9B-8.2%	$4.2B+3.3%	$4.1B-2.3%	$4.2B+2.2%	$4.1B-3.6%	$4.2B-8.2%	$4.6B-2.4%	$4.7B
Current Liabilities	$1.2B-19.5%	$1.5B+8.1%	$1.4B-5.4%	$1.5B+38.6%	$1.1B-12.0%	$1.2B-21.0%	$1.6B-5.8%	$1.6B
Long-Term Debt	$2.1B-0.3%	$2.1B+0.8%	$2.1B-0.1%	$2.1B-14.3%	$2.4B+2.5%	$2.4B-1.3%	$2.4B+0.3%	$2.4B
Total Equity	$4.0B-1.5%	$4.1B-1.3%	$4.1B+3.7%	$4.0B-0.1%	$4.0B+4.4%	$3.8B+3.2%	$3.7B+6.9%	$3.5B
Retained Earnings	$5.0B-1.0%	$5.0B+3.3%	$4.9B+4.8%	$4.7B-0.9%	$4.7B+0.8%	$4.7B+3.6%	$4.5B+6.1%	$4.3B

BF-A Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$1.0B+67.2%	$598.0M-7.6%	$647.0M+1.1%	$640.0M-31.6%	$936.0M+14.6%	$817.0M
Capital Expenditures	$107.0M-35.9%	$167.0M-26.8%	$228.0M+24.6%	$183.0M+32.6%	$138.0M+122.6%	$62.0M
Free Cash Flow	$893.0M+107.2%	$431.0M+2.9%	$419.0M-8.3%	$457.0M-42.7%	$798.0M+5.7%	$755.0M
Investing Cash Flow	-$71.0M-128.5%	$249.0M+408.2%	$49.0M+103.6%	-$1.4B-966.9%	-$127.0M-229.6%	$98.0M
Financing Cash Flow	-$1.1B-27.4%	-$843.0M-36.4%	-$618.0M-358.6%	$239.0M+123.0%	-$1.0B-114.0%	-$485.0M
Dividends Paid	$427.0M+1.7%	$420.0M+4.0%	$404.0M+6.9%	$378.0M-54.5%	$831.0M+145.9%	$338.0M
Share Buybacks	$400.0M	$0-100.0%	$400.0M	$0	$0	$0

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$291.0M-30.2%	$417.0M+215.9%	$132.0M-17.5%	$160.0M+5.3%	$152.0M-52.1%	$317.0M+183.0%	$112.0M+558.8%	$17.0M
Capital Expenditures	$26.0M+4.0%	$25.0M0.0%	$25.0M-19.4%	$31.0M-38.0%	$50.0M+11.1%	$45.0M+45.2%	$31.0M-24.4%	$41.0M
Free Cash Flow	$265.0M-32.4%	$392.0M+266.4%	$107.0M-17.1%	$129.0M+26.5%	$102.0M-62.5%	$272.0M+235.8%	$81.0M+437.5%	-$24.0M
Investing Cash Flow	-$23.0M+8.0%	-$25.0M0.0%	-$25.0M-1350.0%	$2.0M+105.7%	-$35.0M-111.5%	$305.0M+1083.9%	-$31.0M-410.0%	$10.0M
Financing Cash Flow	-$337.0M+0.3%	-$338.0M-29.5%	-$261.0M-89.1%	-$138.0M+53.5%	-$297.0M+28.8%	-$417.0M-434.6%	-$78.0M-52.9%	-$51.0M
Dividends Paid	$106.0M-0.9%	$107.0M0.0%	$107.0M0.0%	$107.0M0.0%	$107.0M0.0%	$107.0M+3.9%	$103.0M0.0%	$103.0M
Share Buybacks	$0-100.0%	$301.0M	N/A	N/A	$0	$0	N/A	N/A

BF-A Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	60.5%+1.6pp	58.9%-1.5pp	60.5%+1.5pp	59.0%-1.8pp	60.8%+0.3pp	60.5%
Operating Margin	25.5%-2.4pp	27.9%-6.0pp	33.8%+7.2pp	26.7%-3.9pp	30.6%-3.1pp	33.7%
Net Margin	18.2%-3.7pp	21.9%-2.7pp	24.5%+6.0pp	18.5%-2.8pp	21.3%-4.8pp	26.1%
Return on Equity	17.8%-4.0pp	21.8%-7.8pp	29.5%+6.1pp	23.5%-6.4pp	29.8%-3.8pp	33.7%
Return on Assets	9.1%-1.6pp	10.6%-1.8pp	12.5%+2.8pp	9.7%-3.2pp	12.8%-0.9pp	13.7%
Current Ratio	3.24+0.4	2.79+0.3	2.47-0.7	3.20-0.3	3.53-0.7	4.23
Debt-to-Equity	0.520.0	0.52-0.2	0.69-0.1	0.81+0.1	0.71-0.2	0.87
FCF Margin	22.7%+11.9pp	10.8%+0.8pp	10.0%-0.8pp	10.8%-9.5pp	20.3%-1.5pp	21.8%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	62.6%+2.0pp	60.6%+1.2pp	59.4%-0.4pp	59.7%+2.4pp	57.4%-2.4pp	59.8%+0.8pp	59.0%-0.4pp	59.4%
Operating Margin	10.5%-21.7pp	32.2%+2.8pp	29.4%+1.3pp	28.1%+5.2pp	22.9%-4.1pp	27.1%-4.1pp	31.1%+1.6pp	29.5%
Net Margin	5.9%-19.4pp	25.3%+3.7pp	21.6%+3.2pp	18.4%+2.1pp	16.3%-9.8pp	26.1%+2.5pp	23.6%+3.1pp	20.5%
Return on Equity	1.3%-5.2pp	6.5%+1.1pp	5.4%+1.2pp	4.3%+0.6pp	3.7%-3.4pp	7.1%+0.1pp	7.0%+1.3pp	5.6%
Return on Assets	0.7%-2.5pp	3.2%+0.5pp	2.7%+0.6pp	2.1%+0.3pp	1.8%-1.5pp	3.4%+0.3pp	3.1%+0.7pp	2.4%
Current Ratio	3.24+0.5	2.77-0.2	2.97+0.2	2.79-1.1	3.88+0.4	3.49+0.8	2.70+0.2	2.47
Debt-to-Equity	0.520.0	0.51+0.0	0.50-0.0	0.52-0.1	0.61-0.0	0.62-0.0	0.65-0.0	0.69
FCF Margin	29.1%-8.1pp	37.1%+26.8pp	10.3%-3.6pp	14.0%+2.6pp	11.4%-14.9pp	26.3%+18.9pp	7.4%+9.9pp	-2.5%

Frequently Asked Questions

What is BF's annual revenue?

BF (BF-A) reported $3.9B in total revenue for fiscal year 2026. This represents a -1.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is BF's revenue growing?

BF (BF-A) revenue declined by 1.2% year-over-year, from $4.0B to $3.9B in fiscal year 2026.

Is BF profitable?

Yes, BF (BF-A) reported a net income of $715.0M in fiscal year 2026, with a net profit margin of 18.2%.

What is BF's EBITDA?

BF (BF-A) had EBITDA of $1.1B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does BF have?

As of fiscal year 2026, BF (BF-A) had $308.0M in cash and equivalents against $2.1B in long-term debt.

What is BF's gross margin?

BF (BF-A) had a gross margin of 60.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is BF's operating margin?

BF (BF-A) had an operating margin of 25.5% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is BF's net profit margin?

BF (BF-A) had a net profit margin of 18.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Does BF pay dividends?

Yes, BF (BF-A) paid $0.92 per share in dividends during fiscal year 2026.

What is BF's return on equity (ROE)?

BF (BF-A) has a return on equity of 17.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is BF's free cash flow?

BF (BF-A) generated $893.0M in free cash flow during fiscal year 2026. This represents a 107.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is BF's operating cash flow?

BF (BF-A) generated $1.0B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are BF's total assets?

BF (BF-A) had $7.9B in total assets as of fiscal year 2026, including both current and long-term assets.

What are BF's capital expenditures?

BF (BF-A) invested $107.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does BF buy back shares?

Yes, BF (BF-A) spent $400.0M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

What is BF's current ratio?

BF (BF-A) had a current ratio of 3.24 as of fiscal year 2026, which is generally considered healthy.

What is BF's debt-to-equity ratio?

BF (BF-A) had a debt-to-equity ratio of 0.52 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is BF's return on assets (ROA)?

BF (BF-A) had a return on assets of 9.1% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is BF's Piotroski F-Score?

BF (BF-A) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are BF's earnings high quality?

BF (BF-A) has an earnings quality ratio of 1.40x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can BF cover its interest payments?

BF (BF-A) has an interest coverage ratio of 9.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.