What is BROWN FORMAN CORP's earnings per share (EPS)?

BROWN FORMAN CORP (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.

BROWN FORMAN CORP (BF-A) Financials

BF-A

Trailing 12 months to July 31, 2026

Revenue $3.9B -0.8% YoY

Net Income $721.0M -14.6% YoY

EPS (Diluted) $1.55 -13.4% YoY

Free Cash Flow $925.0M +58.4% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2027, ended Jul 31, 2026 Reported Sep 2, 2026 Currency USD FYE April

Newest figures come from the 10-Q for Q1 FY2027, filed Sep 2, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BF-A SEC filings page.

BROWN FORMAN CORP (BF-A) reported $3.9B in revenue over the twelve months to Jul 31, 2026, down 0.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 FY2026 2026-08-30

Cash generation rather than sales growth is the dominant mechanic: FY2026 conversion improved even as operating margins and earnings weakened.

In FY2026, operating cash flow reached $1.00B against net income of $715M, reversing FY2025's weaker conversion and indicating that reported profit understated cash produced in the latest year. Free-cash-flow margin more than doubled from 10.8% to 22.7% as capital expenditures fell from $167M to $107M, so the cash improvement reflected both better operating cash generation and lighter reinvestment.

Revenue declined from $4.18B in FY2024 to $3.93B in FY2026, while operating margin fell from 33.8% to 25.5%. The stable gross margin near 60.5% points to operating-expense absorption, rather than deterioration in the reported product-level margin.

Leverage has steadily receded: debt-to-equity fell from 0.8x in FY2023 to 0.5x in FY2026 as equity expanded. The FY2026 financing outflow of -$1.07B alongside lower leverage indicates that capital returns and other financing uses did not require balance-sheet expansion.

Financial Health Signals

Financial health score not available

BROWN FORMAN CORP does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

6/8

BROWN FORMAN CORP 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, BROWN FORMAN CORP 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

9.72x

BROWN FORMAN CORP earns $9.72 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

$911.0M

YoY-1.4%

QoQ-0.1%

5Y CAGR+0.1%

10Y CAGR+0.6%

BROWN FORMAN CORP generated $911.0M in revenue in Q1 2027. This represents a decrease of 1.4% from the same quarter a year earlier. Against the prior quarter it is down 0.1%.

EBITDA

$275.0M

YoY-2.5%

QoQ+129.2%

5Y CAGR-2.2%

10Y CAGR+1.9%

BROWN FORMAN CORP's EBITDA was $275.0M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.5% from the same quarter a year earlier. Against the prior quarter it is up 129.2%.

Net Income

$176.0M

YoY+3.5%

QoQ+225.9%

5Y CAGR-1.7%

10Y CAGR+2.0%

BROWN FORMAN CORP reported $176.0M in net income in Q1 2027. This represents an increase of 3.5% from the same quarter a year earlier. Against the prior quarter it is up 225.9%.

EPS (Diluted)

$0.38

YoY+5.6%

QoQ+216.7%

5Y CAGR-1.0%

10Y CAGR+0.5%

BROWN FORMAN CORP earned $0.38 per diluted share (EPS) in Q1 2027. This represents an increase of 5.6% from the same quarter a year earlier. Against the prior quarter it is up 216.7%.

Cash & Balance Sheet

Free Cash Flow

$161.0M

YoY+24.8%

QoQ-39.2%

5Y CAGR-1.2%

10Y CAGR+3.7%

BROWN FORMAN CORP generated $161.0M in free cash flow in Q1 2027, representing cash available after capex. This represents an increase of 24.8% from the same quarter a year earlier. Against the prior quarter it is down 39.2%.

Cash & Debt

$301.0M

YoY-36.1%

QoQ-2.3%

5Y CAGR-23.8%

10Y CAGR-4.1%

BROWN FORMAN CORP held $301.0M in cash against $2.1B in long-term debt as of Q1 2027.

Shares Outstanding

Diluted avg 460M

BROWN FORMAN CORP had a weighted average of 460M diluted shares in Q1 2027; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q1 2027.

Margins & Returns

Gross Margin

60.3%

YoY+0.5pp

QoQ-2.3pp

5Y change-0.8pp

10Y change+7.3pp

BROWN FORMAN CORP's gross margin was 60.3% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.3 percentage points.

Operating Margin

27.7%

YoY-0.5pp

QoQ+17.1pp

5Y change-4.2pp

10Y change+2.8pp

BROWN FORMAN CORP's operating margin was 27.7% in Q1 2027, reflecting core business profitability. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 17.1 percentage points.

Net Margin

19.3%

YoY+0.9pp

QoQ+13.4pp

5Y change-1.9pp

10Y change+2.5pp

BROWN FORMAN CORP's net profit margin was 19.3% in Q1 2027, showing the share of revenue converted to profit. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 13.4 percentage points.

Return on Equity

4.4%

YoY+0.2pp

QoQ+3.1pp

5Y change-2.7pp

10Y change-6.4pp

BROWN FORMAN CORP's ROE was 4.4% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.1 percentage points.

Capital Allocation

Capital Expenditures

$12.0M

YoY-61.3%

QoQ-53.8%

5Y CAGR-3.0%

10Y CAGR-2.8%

BROWN FORMAN CORP invested $12.0M in capex in Q1 2027, funding long-term assets and infrastructure. This represents a decrease of 61.3% from the same quarter a year earlier. Against the prior quarter it is down 53.8%.

R&D Spending

Not reported for Q1 2027.

Share Buybacks

Not reported for Q1 2027.

BF-A Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BF-A quarterly income statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$3.9B	$3.9B-1.2%	$4.0B-4.9%	$4.2B-1.2%	$4.2B+7.5%	$3.9B+13.6%	$3.5B+2.9%	$3.4B+1.2%	$3.3B+2.3%	$3.2B+8.5%	$3.0B-25.4%	$4.0B-2.1%	$4.1B+3.8%	$3.9B+4.3%	$3.8B+4.7%	$3.6B
Cost of Revenue	$1.5B	$1.6B-5.0%	$1.6B-1.2%	$1.7B-4.7%	$1.7B+12.5%	$1.5B+12.8%	$1.4B+10.6%	$1.2B+6.7%	$1.2B+10.7%	$1.0B+7.5%	$973.0M+3.0%	$945.0M-0.6%	$951.0M+4.2%	$913.0M+2.1%	$894.0M-3.7%	$928.0M
Gross Profit	$2.4B	$2.4B+1.5%	$2.3B-7.2%	$2.5B+1.3%	$2.5B+4.3%	$2.4B+14.2%	$2.1B-1.6%	$2.1B-1.8%	$2.2B-1.6%	$2.2B+9.0%	$2.0B-5.7%	$2.1B-1.8%	$2.2B+5.1%	$2.1B+6.3%	$2.0B+8.9%	$1.8B
SG&A Expenses	$815.0M	$807.0M+8.5%	$744.0M-9.9%	$826.0M+11.3%	$742.0M+7.5%	$690.0M+2.8%	$671.0M+4.5%	$642.0M+0.2%	$641.0M-16.2%	$765.0M+16.4%	$657.0M-4.5%	$688.0M-1.3%	$697.0M+1.6%	$686.0M+5.5%	$650.0M+6.6%	$610.0M
Operating Income	$993.0M	$1.0B-9.6%	$1.1B-21.7%	$1.4B+25.5%	$1.1B-6.4%	$1.2B+3.3%	$1.2B+6.9%	$1.1B-4.6%	$1.1B+9.2%	$1.0B+3.8%	$1.0B-34.1%	$1.5B+49.3%	$1.0B+5.8%	$971.0M+8.1%	$898.0M+14.0%	$788.0M
EBITDA	N/A	$1.1B-8.5%	$1.2B-20.5%	$1.5B+24.4%	$1.2B-5.9%	$1.3B+3.2%	$1.2B+6.7%	$1.2B-4.2%	$1.2B+9.4%	$1.1B+4.1%	$1.1B-32.8%	$1.6B+47.4%	$1.1B+5.6%	$1.0B+7.6%	$949.0M+13.4%	$837.0M
Interest Expense	$103.0M	$103.0M-15.6%	$122.0M-3.9%	$127.0M+41.1%	$90.0M+9.8%	$82.0M+1.2%	$81.0M-1.2%	$82.0M-6.8%	$88.0M+29.4%	$68.0M+15.3%	$59.0M+28.3%	$46.0M+70.4%	$27.0M+3.8%	$26.0M-27.8%	$36.0M+16.1%	$31.0M
Income Tax	$173.0M	$170.0M-19.8%	$212.0M-22.6%	$274.0M+17.1%	$234.0M-15.2%	$276.0M+55.1%	$178.0M-2.2%	$182.0M-12.1%	$207.0M-20.4%	$260.0M-1.5%	$264.0M-37.4%	$422.0M+32.7%	$318.0M+10.4%	$288.0M+5.1%	$274.0M+10.9%	$247.0M
Net Income	$721.0M	$715.0M-17.7%	$869.0M-15.1%	$1.0B+30.8%	$783.0M-6.6%	$838.0M-7.2%	$903.0M+9.2%	$827.0M-1.0%	$835.0M+16.5%	$717.0M+7.2%	$669.0M-37.3%	$1.1B+56.0%	$684.0M+3.8%	$659.0M+11.5%	$591.0M+15.2%	$513.0M
EPS (Basic)	N/A	$1.53-16.8%	$1.84-14.4%	$2.15+31.9%	$1.63-6.9%	$1.75-7.4%	$1.89+9.2%	$1.73-0.6%	$1.74+16.8%	$1.49+8.0%	$1.38-34.3%	$2.10+29.6%	$1.62-47.4%	$3.08+11.2%	$2.77+15.9%	$2.39
EPS (Diluted)	$1.55	$1.53-16.8%	$1.84-14.0%	$2.14+31.3%	$1.63-6.3%	$1.74-7.4%	$1.88+9.3%	$1.72-0.6%	$1.73+16.9%	$1.48+8.0%	$1.37-34.4%	$2.09+30.6%	$1.60	$3.06	$2.75+16.0%	$2.37
Diluted Shares (Avg)	N/A	467M-1.3%	473M-0.9%	477M-0.7%	480M0.0%	481M0.0%	481M+0.1%	480M-0.3%	482M-0.5%	484M-0.8%	488M-4.4%	511M+19.8%	426M	215M	215M-0.5%	216M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Revenue	$911.0M-1.4%	$912.0M+2.0%	$1.1B+2.0%	$1.0B-5.4%	$924.0M-2.8%	$894.0M-7.3%	$1.0B-3.2%	$1.1B-1.1%
Cost of Revenue	$362.0M-2.7%	$341.0M-10.5%	$416.0M0.0%	$421.0M-6.2%	$372.0M-3.6%	$381.0M-3.5%	$416.0M-4.1%	$449.0M+3.0%
Gross Profit	$549.0M-0.5%	$571.0M+11.3%	$640.0M+3.4%	$615.0M-4.8%	$552.0M-2.3%	$513.0M-9.8%	$619.0M-2.5%	$646.0M-3.7%
SG&A Expenses	$185.0M+4.5%	$259.0M+34.2%	$184.0M+3.4%	$187.0M+1.1%	$177.0M-5.9%	$193.0M-16.5%	$178.0M-12.3%	$185.0M-3.6%
Operating Income	$252.0M-3.1%	$96.0M-53.2%	$340.0M+21.4%	$305.0M-10.6%	$260.0M-7.5%	$205.0M-45.3%	$280.0M-24.9%	$341.0M+0.6%
EBITDA	$275.0M-2.5%	$120.0M-46.9%	$364.0M+20.5%	$327.0M-9.9%	$282.0M-6.9%	$226.0M-42.9%	$302.0M-24.1%	$363.0M+1.1%
Interest Expense	$25.0M0.0%	$26.0M-3.7%	$26.0M-16.1%	$26.0M-18.8%	$25.0M-21.9%	$27.0M-20.6%	$31.0M-6.1%	$32.0M+3.2%
Income Tax	$53.0M+6.0%	$17.0M-54.1%	$48.0M-22.6%	$55.0M0.0%	$50.0M-13.8%	$37.0M-54.3%	$62.0M+8.8%	$55.0M-19.1%
Net Income	$176.0M+3.5%	$54.0M-63.0%	$267.0M-1.1%	$224.0M-13.2%	$170.0M-12.8%	$146.0M-45.1%	$270.0M-5.3%	$258.0M+6.6%
EPS (Basic)	$0.38+5.6%	$0.12-61.3%	$0.58+1.8%	$0.47-14.5%	$0.36-12.2%	$0.31-44.6%	$0.57-5.0%	$0.55+10.0%
EPS (Diluted)	$0.38+5.6%	$0.12-61.3%	$0.58+1.8%	$0.47-14.5%	$0.36-12.2%	$0.31-44.6%	$0.57-5.0%	$0.55+10.0%
Diluted Shares (Avg)	460M-2.8%	N/A	463M-2.1%	473M-0.1%	473M0.0%	N/A	473M-0.6%	473M-1.5%

Not reported in any period shown, so not listed: R&D Expenses.

BF-A Balance Sheet

BF-A quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$7.9B-2.4%	$8.1B-1.0%	$8.2B+5.0%	$7.8B+22.0%	$6.4B-2.3%	$6.5B+13.1%	$5.8B+12.2%	$5.1B+3.3%	$5.0B+7.6%	$4.6B+10.6%	$4.2B-0.1%	$4.2B+2.1%	$4.1B+13.2%	$3.6B+4.3%	$3.5B
Current Assets	$4.0B-4.9%	$4.2B+3.9%	$4.0B+6.2%	$3.8B+0.7%	$3.8B-3.6%	$3.9B+20.0%	$3.3B+20.1%	$2.7B+6.4%	$2.6B+8.7%	$2.4B+5.3%	$2.2B-0.9%	$2.3B+3.5%	$2.2B+19.5%	$1.8B+4.1%	$1.7B
Cash & Equivalents	$308.0M-30.6%	$444.0M-0.4%	$446.0M+19.3%	$374.0M-56.9%	$868.0M-24.5%	$1.1B+70.4%	$675.0M+119.9%	$307.0M+28.5%	$239.0M+31.3%	$182.0M-30.8%	$263.0M-28.9%	$370.0M-15.3%	$437.0M+114.2%	$204.0M-39.6%	$338.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$2.5B+1.3%	$2.5B-1.8%	$2.6B+12.0%	$2.3B+25.6%	$1.8B+3.8%	$1.8B+3.9%	$1.7B+10.9%	$1.5B+10.2%	$1.4B+8.6%	$1.3B+20.5%	$1.1B+10.6%	$953.0M+8.0%	$882.0M+6.7%	$827.0M+16.2%	$712.0M
Accounts Receivable	$832.0M+0.2%	$830.0M+7.9%	$769.0M-10.1%	$855.0M+5.2%	$813.0M+8.0%	$753.0M+32.1%	$570.0M-6.4%	$609.0M-4.7%	$639.0M+14.7%	$557.0M-0.4%	$559.0M-4.1%	$583.0M+2.5%	$569.0M+3.8%	$548.0M+15.4%	$475.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.5B+1.1%	$1.5B+3.4%	$1.5B-0.1%	$1.5B+91.5%	$761.0M-2.3%	$779.0M+3.0%	$756.0M+0.4%	$753.0M-1.3%	$763.0M+1.3%	$753.0M+27.6%	$590.0M-2.8%	$607.0M-2.1%	$620.0M+0.5%	$617.0M0.0%	$617.0M
Total Liabilities	$3.9B-5.4%	$4.1B-12.0%	$4.6B+3.1%	$4.5B+24.0%	$3.6B-5.9%	$3.9B+2.0%	$3.8B+8.6%	$3.5B-4.6%	$3.7B+12.4%	$3.3B+24.2%	$2.6B+14.8%	$2.3B+10.2%	$2.1B+3.7%	$2.0B+41.9%	$1.4B
Current Liabilities	$1.2B+14.1%	$1.1B-30.7%	$1.6B+43.8%	$1.1B+4.8%	$1.0B+12.6%	$918.0M+4.3%	$880.0M+25.2%	$703.0M-14.4%	$821.0M-15.4%	$970.0M+22.6%	$791.0M-17.4%	$958.0M+70.8%	$561.0M+18.6%	$473.0M+17.1%	$404.0M
Non-Current Liabilities	$2.6B-12.3%	$3.0B-2.5%	$3.1B-9.8%	$3.4B+31.6%	$2.6B-11.7%	$2.9B+1.3%	$2.9B+4.4%	$2.8B-1.8%	$2.8B+24.2%	$2.3B+24.9%	$1.8B+38.1%	$1.3B-12.3%	$1.5B-1.0%	$1.5B+51.9%	$1.0B
Long-Term Debt	$2.1B-14.0%	$2.4B+2.1%	$2.4B-11.4%	$2.7B+32.6%	$2.0B-14.2%	$2.4B+3.7%	$2.3B-0.9%	$2.3B-2.2%	$2.3B+38.6%	$1.7B+37.3%	$1.2B+65.5%	$743.0M-25.5%	$997.0M0.0%	$997.0M+98.2%	$503.0M
Total Equity	$4.0B+0.7%	$4.0B+13.5%	$3.5B+7.6%	$3.3B+19.4%	$2.7B+3.0%	$2.7B+34.5%	$2.0B+19.9%	$1.6B+25.2%	$1.3B-3.9%	$1.4B-12.3%	$1.6B-18.0%	$1.9B-6.3%	$2.0B+24.8%	$1.6B-21.3%	$2.1B
Retained Earnings	$5.0B+6.1%	$4.7B+10.5%	$4.3B+17.0%	$3.6B+12.4%	$3.2B0.0%	$3.2B+19.8%	$2.7B+21.0%	$2.2B+29.4%	$1.7B-61.3%	$4.5B+10.0%	$4.1B+23.2%	$3.3B+14.0%	$2.9B+15.8%	$2.5B-17.5%	$3.0B

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Total Assets	$7.8B-4.2%	$7.9B-2.4%	$8.3B+2.9%	$8.2B-1.3%	$8.2B-0.4%	$8.1B-1.0%	$8.1B-2.0%	$8.3B+2.7%
Current Assets	$4.0B-5.3%	$4.0B-4.9%	$4.2B-1.1%	$4.2B+0.4%	$4.2B+2.4%	$4.2B+3.9%	$4.3B-3.1%	$4.2B-1.8%
Cash & Equivalents	$301.0M-36.1%	$308.0M-30.6%	$383.0M-36.1%	$319.0M-23.3%	$471.0M+13.2%	$444.0M-0.4%	$599.0M+1.7%	$416.0M+11.5%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$2.6B-0.5%	$2.5B+1.3%	$2.6B+4.4%	$2.6B-0.2%	$2.6B-0.4%	$2.5B-1.8%	$2.5B-3.1%	$2.6B-0.8%
Accounts Receivable	$822.0M-3.0%	$832.0M+0.2%	$983.0M+15.0%	$1.0B+9.2%	$847.0M+5.1%	$830.0M+7.9%	$855.0M-2.6%	$954.0M+0.6%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.5B+0.4%	$1.5B+1.1%	$1.5B+7.0%	$1.5B+2.9%	$1.5B+2.9%	$1.5B+3.4%	$1.4B-2.0%	$1.5B+0.5%
Total Liabilities	$3.9B-7.8%	$3.9B-5.4%	$4.2B-0.7%	$4.1B-11.7%	$4.2B-11.8%	$4.1B-12.0%	$4.2B-14.9%	$4.6B-0.7%
Current Liabilities	$1.2B-19.0%	$1.2B+14.1%	$1.5B+24.7%	$1.4B-8.8%	$1.5B-9.2%	$1.1B-30.7%	$1.2B-23.9%	$1.6B+19.7%
Non-Current Liabilities	$2.6B-1.6%	$2.6B-12.3%	$2.7B-11.0%	$2.7B-13.1%	$2.7B-13.1%	$3.0B-2.5%	$3.0B-10.6%	$3.1B-8.6%
Long-Term Debt	$2.1B+0.4%	$2.1B-14.0%	$2.1B-11.5%	$2.1B-13.3%	$2.1B-13.0%	$2.4B+2.1%	$2.4B-11.8%	$2.4B-9.9%
Total Equity	$4.0B-0.5%	$4.0B+0.7%	$4.1B+6.8%	$4.1B+11.6%	$4.0B+15.1%	$4.0B+13.5%	$3.8B+17.8%	$3.7B+7.3%
Retained Earnings	$5.0B+6.3%	$5.0B+6.1%	$5.0B+8.1%	$4.9B+8.5%	$4.7B+9.8%	$4.7B+10.5%	$4.7B+16.9%	$4.5B+15.1%

BF-A Cash Flow Statement

BF-A quarterly cash flow statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$1.0B	$1.0B+67.2%	$598.0M-7.6%	$647.0M+1.1%	$640.0M-31.6%	$936.0M+14.6%	$817.0M+12.8%	$724.0M-9.5%	$800.0M+22.5%	$653.0M-0.5%	$656.0M+25.2%	$524.0M-13.8%	$608.0M-6.3%	$649.0M+20.9%	$537.0M+4.1%	$516.0M
Depreciation & Amortization	N/A	$92.0M+5.7%	$87.0M0.0%	$87.0M+8.8%	$80.0M+1.3%	$79.0M+2.6%	$77.0M+4.1%	$74.0M+2.8%	$72.0M+12.5%	$64.0M+10.3%	$58.0M+3.6%	$56.0M+9.8%	$51.0M+2.0%	$50.0M-2.0%	$51.0M+4.1%	$49.0M
Stock-Based Compensation	N/A	$32.0M+14.3%	$28.0M+12.0%	$25.0M+38.9%	$18.0M+20.0%	$15.0M+25.0%	$12.0M+9.1%	$11.0M-21.4%	$14.0M-26.3%	$19.0M+35.7%	$14.0M-6.7%	$15.0M0.0%	$15.0M+15.4%	$13.0M+18.2%	$11.0M+22.2%	$9.0M
Capital Expenditures	$88.0M	$107.0M-35.9%	$167.0M-26.8%	$228.0M+24.6%	$183.0M+32.6%	$138.0M+122.6%	$62.0M-45.1%	$113.0M-5.0%	$119.0M-6.3%	$127.0M+13.4%	$112.0M+3.7%	$108.0M-10.0%	$120.0M-4.8%	$126.0M+32.6%	$95.0M+63.8%	$58.0M
Free Cash Flow	$925.0M	$893.0M+107.2%	$431.0M+2.9%	$419.0M-8.3%	$457.0M-42.7%	$798.0M+5.7%	$755.0M+23.6%	$611.0M-10.3%	$681.0M+29.5%	$526.0M-3.3%	$544.0M+30.8%	$416.0M-14.8%	$488.0M-6.7%	$523.0M+18.3%	$442.0M-3.5%	$458.0M
Investing Cash Flow	-$86.0M	-$71.0M-128.5%	$249.0M+408.2%	$49.0M+103.6%	-$1.4B-966.9%	-$127.0M-229.6%	$98.0M+169.5%	-$141.0M-18.5%	-$119.0M+20.1%	-$149.0M+66.1%	-$439.0M-201.4%	$433.0M	N/A	N/A	-$97.0M-42.6%	-$68.0M
Financing Cash Flow	-$1.1B	-$1.1B-27.4%	-$843.0M-36.4%	-$618.0M-358.6%	$239.0M+123.0%	-$1.0B-114.0%	-$485.0M-153.9%	-$191.0M+68.1%	-$599.0M-28.5%	-$466.0M-63.5%	-$285.0M+73.1%	-$1.1B	N/A	N/A	-$576.0M+13.0%	-$662.0M
Dividends Paid	$426.0M	$427.0M+1.7%	$420.0M+4.0%	$404.0M+6.9%	$378.0M-54.5%	$831.0M+145.9%	$338.0M+4.0%	$325.0M+4.8%	$310.0M-59.9%	$773.0M+182.1%	$274.0M+3.0%	$266.0M+3.9%	$256.0M+9.9%	$233.0M-78.1%	$1.1B+453.6%	$192.0M
Share Buybacks	N/A	$400.0M	$0-100.0%	$400.0M	$0	$0	$0-100.0%	$1.0M-99.5%	$207.0M+20600.0%	$1.0M-99.8%	$561.0M-49.3%	$1.1B+139.6%	$462.0M+842.9%	$49.0M	$0-100.0%	$220.0M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Operating Cash Flow	$173.0M+8.1%	$291.0M+91.4%	$417.0M+31.5%	$132.0M+17.9%	$160.0M+841.2%	$152.0M-46.7%	$317.0M+19.6%	$112.0M+89.8%
Depreciation & Amortization	$23.0M+4.5%	$24.0M+14.3%	$24.0M+9.1%	$22.0M0.0%	$22.0M0.0%	$21.0M0.0%	$22.0M-12.0%	$22.0M+10.0%
Stock-Based Compensation	$4.0M0.0%	N/A	N/A	N/A	$4.0M0.0%	N/A	N/A	N/A
Capital Expenditures	$12.0M-61.3%	$26.0M-48.0%	$25.0M-44.4%	$25.0M-19.4%	$31.0M-24.4%	$50.0M-37.5%	$45.0M-34.8%	$31.0M+3.3%
Free Cash Flow	$161.0M+24.8%	$265.0M+159.8%	$392.0M+44.1%	$107.0M+32.1%	$129.0M+637.5%	$102.0M-50.2%	$272.0M+38.8%	$81.0M+179.3%
Investing Cash Flow	-$13.0M-750.0%	-$23.0M+34.3%	-$25.0M-108.2%	-$25.0M+19.4%	$2.0M-80.0%	-$35.0M-150.0%	$305.0M+146.0%	-$31.0M-82.4%
Financing Cash Flow	-$164.0M-18.8%	-$337.0M-13.5%	-$338.0M+18.9%	-$261.0M-234.6%	-$138.0M-170.6%	-$297.0M+26.8%	-$417.0M-120.6%	-$78.0M-6.8%
Dividends Paid	$106.0M-0.9%	$106.0M-0.9%	$107.0M0.0%	$107.0M+3.9%	$107.0M+3.9%	$107.0M+2.9%	$107.0M+3.9%	$103.0M+5.1%
Share Buybacks	N/A	$0	$301.0M	N/A	N/A	$0	$0-100.0%	N/A

BF-A Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BF-A quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	60.5%+1.6pp	58.9%-1.5pp	60.5%+1.5pp	59.0%-1.8pp	60.8%+0.3pp	60.5%-2.7pp	63.2%-1.9pp	65.2%-2.6pp	67.8%+0.3pp	67.5%+14.1pp	53.4%+0.1pp	53.3%+0.6pp	52.7%+1.0pp	51.7%+2.0pp	49.7%
Operating Margin	25.5%-2.4pp	27.9%-6.0pp	33.8%+7.2pp	26.7%-3.9pp	30.6%-3.1pp	33.7%+1.2pp	32.4%-2.0pp	34.4%+2.2pp	32.3%-1.5pp	33.7%-4.5pp	38.2%+13.2pp	25.1%+0.5pp	24.6%+0.9pp	23.7%+1.9pp	21.8%
Net Margin	18.2%-3.7pp	21.9%-2.7pp	24.5%+6.0pp	18.5%-2.8pp	21.3%-4.8pp	26.1%+1.5pp	24.6%-0.5pp	25.1%+3.0pp	22.1%-0.3pp	22.3%-4.3pp	26.6%+9.9pp	16.7%0.0pp	16.7%+1.1pp	15.6%+1.4pp	14.2%
Return on Equity	17.8%-4.0pp	21.8%-7.4pp	29.1%+5.2pp	24.0%-6.7pp	30.6%-3.4pp	34.0%-7.9pp	41.9%-8.8pp	50.7%-3.8pp	54.5%+5.6pp	48.8%-19.5pp	68.3%+32.4pp	35.9%+3.5pp	32.4%-3.9pp	36.3%+11.5pp	24.8%
Return on Assets	9.1%-1.7pp	10.8%-1.8pp	12.5%+2.5pp	10.1%-3.1pp	13.2%-0.7pp	13.9%-0.5pp	14.3%-1.9pp	16.3%+1.8pp	14.4%-0.1pp	14.5%-11.0pp	25.5%+9.2pp	16.3%+0.3pp	16.1%-0.2pp	16.3%+1.6pp	14.8%
Current Ratio	3.24-0.6x	3.88+1.3x	2.59-0.9x	3.51-0.1x	3.65-0.6x	4.27+0.6x	3.71-0.2x	3.87+0.8x	3.11+0.7x	2.42-0.4x	2.82+0.5x	2.35-1.5x	3.880.0x	3.85-0.5x	4.33
Debt-to-Equity	0.52-0.1x	0.61-0.1x	0.67-0.1x	0.82+0.1x	0.74-0.1x	0.89-0.3x	1.15-0.2x	1.39-0.4x	1.78+0.5x	1.23+0.4x	0.79+0.4x	0.39-0.1x	0.49-0.1x	0.61+0.4x	0.24
Asset Turnover	0.500.0x	0.490.0x	0.510.0x	0.54-0.1x	0.62+0.1x	0.53-0.1x	0.58-0.1x	0.650.0x	0.650.0x	0.65-0.3x	0.960.0x	0.980.0x	0.96-0.1x	1.040.0x	1.04
FCF Margin	22.7%+11.9pp	10.8%+0.8pp	10.0%-0.8pp	10.8%-9.5pp	20.3%-1.5pp	21.8%+3.6pp	18.2%-2.3pp	20.5%+4.3pp	16.2%-2.0pp	18.2%+7.8pp	10.4%-1.5pp	11.9%-1.3pp	13.3%+1.6pp	11.7%-1.0pp	12.7%

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Gross Margin	60.3%+0.5pp	62.6%+5.2pp	60.6%+0.8pp	59.4%+0.4pp	59.7%+0.3pp	57.4%-1.6pp	59.8%+0.4pp	59.0%-1.6pp
Operating Margin	27.7%-0.5pp	10.5%-12.4pp	32.2%+5.1pp	29.4%-1.7pp	28.1%-1.4pp	22.9%-16.0pp	27.1%-7.8pp	31.1%+0.5pp
Net Margin	19.3%+0.9pp	5.9%-10.4pp	25.3%-0.8pp	21.6%-1.9pp	18.4%-2.1pp	16.3%-11.3pp	26.1%-0.6pp	23.6%+1.7pp
Return on Equity	4.4%+0.2pp	1.3%-2.3pp	6.5%-0.5pp	5.4%-1.5pp	4.3%-1.4pp	3.7%-3.9pp	7.1%-1.7pp	7.0%-0.1pp
Return on Assets	2.3%+0.2pp	0.7%-1.1pp	3.2%-0.1pp	2.7%-0.4pp	2.1%-0.3pp	1.8%-1.4pp	3.4%-0.1pp	3.1%+0.1pp
Current Ratio	3.26+0.5x	3.24-0.6x	2.77-0.7x	2.97+0.3x	2.79+0.3x	3.88+1.3x	3.49+0.7x	2.70-0.6x
Debt-to-Equity	0.520.0x	0.52-0.1x	0.51-0.1x	0.50-0.1x	0.52-0.2x	0.61-0.1x	0.62-0.2x	0.65-0.1x
Asset Turnover	0.120.0x	0.120.0x	0.130.0x	0.130.0x	0.110.0x	0.110.0x	0.130.0x	0.130.0x
FCF Margin	17.7%+3.7pp	29.1%+17.7pp	37.1%+10.8pp	10.3%+2.9pp	14.0%+16.5pp	11.4%-9.9pp	26.3%+7.9pp	7.4%+4.8pp

Where BROWN FORMAN CORP Ranks

Frequently Asked Questions

What is BROWN FORMAN CORP's annual revenue?

BROWN FORMAN CORP (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 BROWN FORMAN CORP's revenue growing?

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

Is BROWN FORMAN CORP profitable?

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

What is BROWN FORMAN CORP's EBITDA?

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

How much debt does BROWN FORMAN CORP have?

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

What is BROWN FORMAN CORP's gross margin?

BROWN FORMAN CORP (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 BROWN FORMAN CORP's operating margin?

BROWN FORMAN CORP (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 BROWN FORMAN CORP's net profit margin?

BROWN FORMAN CORP (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 BROWN FORMAN CORP pay dividends?

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

What is BROWN FORMAN CORP's return on equity (ROE)?

BROWN FORMAN CORP (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 BROWN FORMAN CORP's free cash flow?

BROWN FORMAN CORP (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 BROWN FORMAN CORP's operating cash flow?

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

What are BROWN FORMAN CORP's total assets?

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

What are BROWN FORMAN CORP's capital expenditures?

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

Does BROWN FORMAN CORP buy back shares?

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

What is BROWN FORMAN CORP's current ratio?

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

What is BROWN FORMAN CORP's debt-to-equity ratio?

BROWN FORMAN CORP (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 BROWN FORMAN CORP's return on assets (ROA)?

BROWN FORMAN CORP (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 BROWN FORMAN CORP's Piotroski F-Score?

BROWN FORMAN CORP (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 BROWN FORMAN CORP's earnings high quality?

BROWN FORMAN CORP (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 BROWN FORMAN CORP cover its interest payments?

BROWN FORMAN CORP (BF-A) has an interest coverage ratio of 9.72x, 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.