— Know what they know.
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Not Investment Advice

BF-B

NYSE · USD
Brown-Forman Corporation
Consumer Defensive · Beverages - Wineries & Distilleries
CEO Lawson E. Whiting Employees 4,900 R&D / revenue 0.0%
Last price
$28.88+1.05%last session
Market cap
$13.3B
P/E (TTM)
18.8x
From 52w high
−9.5%
From 52w low
+27.7%
1-year return
+5.6%
RSI 14 · vs SMA200
70.9 · +8.8%
IS score
65.9/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

BF-B   SPY   XLP (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26SPY 116XLP 111BF-B 106

Score DNA

Each bar is a 0-100 score within the scored universe
74
Profitability
29
Growth
64
Value
61
Momentum
100
Risk (safety)
85
Quality
70
Balance sheet
72
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ FCF yield 5%+
Warnings
None of the computed warning flags fires for BF-B (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: None, Efficient ScalePiotroski 8 / 9Altman Z 4.3Beta 0.331 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
No open-market sales on file
Form 144 notices (12m): 2, $1.5M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+19
99 new holders, 75 closed
599 filers hold 43.9% · 185 added, 215 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+135
498 funds adding shares
363 funds trimming · counts of funds, not dollars

Key financials · FY2026

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$3.9B
Revenue growth YoY−1.2%
Gross margin60.5%
Operating income$1.1B
Operating margin28.2%
Net income$715.0M
Net margin18.2%
EPS (diluted)$1.53
Cash flow
Operating cash flow$1.0B
Capital expenditure$107.0M
Free cash flow$893.0M
FCF conversion (FCF / OCF)89.3%
Stock-based compensation$32.0M
FCF less SBC$861.0M
Buybacks$400.0M
Dividends$427.0M
Balance sheet & returns
Cash & short-term investments$308.0M
Total debt$2.2B
Net debt$1.8B
Shareholders' equity$4.0B
Goodwill & intangibles$2.5B
Debt / equity0.62
ROE (TTM)17.8%
ROIC (TTM)13.0%
Operating margin by fiscal year
30.6%FY202226.7%FY202333.8%FY202428.5%FY202529.0%FY2026
Revenue $3.9B (FY2022) to $3.9B (FY2026), a -0.0% CAGR.

Valuation

P/E (TTM)18.8x
EV / EBITDA14.2x
Price / sales3.41x
Price / FCF14.4x
FCF yield6.93%
Buyback yield3.00%
SBC / revenue0.8%
Price / book3.34x
Forward P/E FY202716.9x
Forward P/E FY202816.9x
Forward multiples divide today's price by Street EPS estimates.

BF-B vs industry median

45 companies in Beverages - Wineries & Distilleries
Gross margin 60.7% 35.7% Operating margin 28.6% -16.6% Net margin 18.4% -3.4% ROIC 13.0% -2.6%
BF-B (TTM)Industry median Asset turnover 0.50 vs industry 0.41 · financial leverage 1.97

Earnings delivery

Next report 2026-12-03 · consensus EPS $0.46
33%
beat rate, 4 of 12 quarters
−4.2%
median EPS surprise
2
longest beat streak
-9-2+5+33-11+12-7-9-24+24-61+0
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-08-30 to 2026-09-02. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
BF-B Brown-Forman Corporation $13.3B18.8x17.8%18.4%−1.2% +5.6%
SJM The J. M. Smucker Company $13.6B59.3x3.9%14.6%+5.1% +23.9%
BJ BJ's Wholesale Club Holdings $13.0B22.3x27.7%2.8%+9.1% +10.7%
MKC McCormick & Company, Incorpo $12.5B8.4x23.4%4.8%+13.2% −27.9%
PFGC Performance Food Group Co $15.4B42.5x7.7%0.9%+7.2% −2.8%
HRL Hormel Foods Corporation $11.2B32.4x4.3%2.0%+0.7% —
COKE Coca-Cola Consolidated, Inc. $16.5B26.1x97.3%7.7%+10.7% —
CLX The Clorox Company $10.5B18.1x285.6%8.4%−5.4% —
12-month window: SPY +15.9%, sector ETF XLP +11.4%. Past returns describe history only.

Recent 8-K filings

2026-07-23Shareholder Vote; Regulation FD; Exhibits
2026-07-13Officer/Director Change; Regulation FD; Exhibits
2026-06-04Earnings Release; Exhibits
2026-04-28Regulation FD; Exhibits
2026-03-27Regulation FD; Exhibits
2026-03-16Departure/Election of Directors; Appointment of Officers; Regulation FD Disclosure; Financial Statements and Exhibits

Context

Shares outstanding462,199,329
Free float96.5%
Institutional ownership43.9%
Beta0.33
Dividend yield3.20%
Last dividend$0.23 on 2026-09-03
50 / 200-day average$27.03 / $26.90
Large-cap Consumer Defensive median P/E23.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (None).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where BF-B sits among 3 scored companies in Beverages - Wineries & Distilleries (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureBF-BIndustry medianIndustry percentileSector median
P/E (TTM) 18.5x — 20.0x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 3.4x — 1.1x
Price / book 3.4x — 2.5x
Price / tangible book 8.7x — 4.0x
Price / free cash flow 14.4x — 14.7x
Price / operating cash flow 13.2x — 9.4x
Enterprise value $15.5B — $5.1B
EV / sales 4.0x — 1.3x
EV / EBITDA 14.2x — 12.3x
EV / EBIT 15.6x — 16.5x
EV / free cash flow 16.7x — 18.2x
Earnings yield 5.4% — 3.9%
FCF yield 6.9% — 6.5%
Operating cash flow yield 7.6% — 10.4%
Graham number (per share) $17.47 — $35.68

Profitability (TTM)

MeasureBF-BIndustry medianIndustry percentileSector median
Gross margin 60.7% — 34.4%
EBITDA margin 27.8% — 10.7%
Operating margin 28.6% — 7.6%
EBIT margin 25.4% — 6.9%
Net margin 18.4% — 3.3%
NOPAT margin 23.1% — 4.8%
FCF margin 23.6% — 7.6%
Operating cash flow margin 25.9% — 11.1%
R&D / revenue 0.0% — 0.0%
SG&A / revenue 32.5% — 21.1%
Stock comp / revenue 0.8% — 0.5%
Effective tax rate 19.4% — 23.2%

Returns on capital

MeasureBF-BIndustry medianIndustry percentileSector median
ROE (on average equity) 18.1% — 10.4%
ROA 9.0% — 4.9%
ROIC 14.8% — 8.2%
ROCE 15.0% — 9.1%
Return on tangible assets 12.4% — 7.2%
Cash ROIC (OCF / invested capital) 16.6% — 15.0%
Gross profitability (GP / assets) 30.4% — 32.4%
ROIC, 3-yr average 13.2% — 6.4%
ROIC, 5-yr average 15.4% — 7.8%
ROE, 5-yr average 24.5% — 11.4%
Incremental ROIC -79.8% — 12.8%

Growth

MeasureBF-BIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) -0.8% — 3.8%
Revenue growth (QoQ) -0.1% — 4.3%
Revenue CAGR, 3 yr -2.8% — 3.8%
Revenue CAGR, 5 yr 1.6% — 5.1%
Gross profit CAGR, 3 yr -2.0% — 4.0%
Operating income CAGR, 3 yr 0.3% — 4.3%
Net income growth (TTM YoY) -14.6% — 5.6%
Net income CAGR, 3 yr -2.0% — 5.4%
EPS growth (TTM YoY) -12.0% — 4.7%
EPS CAGR, 3 yr -0.5% — 6.8%
EPS CAGR, 5 yr -0.4% — 4.1%
FCF growth (TTM YoY) 58.4% — 23.4%
FCF CAGR, 3 yr 44.4% — 14.6%
Operating cash flow CAGR, 3 yr 26.1% — 6.4%
Book value CAGR, 3 yr 7.5% — 5.3%
Dividend CAGR, 3 yr 1.7% — 1.7%
Sustainable growth rate 7.4% — 8.3%

Margin history & stability

MeasureBF-BIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 59.8% — 34.7%
Operating margin, 3-yr average 30.2% — 6.7%
Net margin, 3-yr average 21.3% — 4.2%
FCF margin, 3-yr average 16.1% — 6.5%
Revenue stability (0-1) 0.12 — 0.81
Earnings stability (0-1) 0.01 — 0.34
Margin stability (0-1) 0.99 — 0.95

Liquidity (latest quarter)

MeasureBF-BIndustry medianIndustry percentileSector median
Cash & short-term investments $301.0M — $279.3M
Net cash (− = net debt) −$2.1B — −$1.0B
Working capital $2.7B — $285.9M
Current ratio 3.26 — 1.43
Quick ratio 1.14 — 0.86
Cash ratio (cash + ST investments / current liabilities) 0.25 — 0.28
Defensive interval (days) 327 days — 251 days

Leverage & solvency (latest quarter)

MeasureBF-BIndustry medianIndustry percentileSector median
Total debt $2.4B — $1.8B
Debt / equity 0.62 — 0.75
Net debt / equity 0.54 — 0.55
Debt / assets 31.2% — 31.6%
Debt / capital 38.1% — 43.0%
Debt / EBITDA 2.25 — 2.69
Net debt / EBITDA 1.97 — 2.14
Interest coverage (EBIT / interest) 9.9x — 4.7x
Cash interest coverage 10.1x — 8.2x
Debt payback (years of OCF) 2.4 yrs — 2.8 yrs
Liabilities / assets 49.3% — 56.2%
IS credit model rating A- — —
Implied credit spread (bps) 175 — 225

Efficiency

MeasureBF-BIndustry medianIndustry percentileSector median
Asset turnover 0.49 — 0.94
Fixed asset turnover 3.56 — 4.44
Inventory turnover 0.6 — 6.0
Receivables turnover 4.7 — 12.1
Days sales outstanding 78 days — 30 days
Days inventory outstanding 611 days — 61 days
Days payables outstanding 100 days — 38 days
Cash conversion cycle (days) 590 days — 37 days
Capex / revenue 2.2% — 3.1%
Capex / depreciation 0.95 — 0.92
Operating expense ratio 32.6% — 24.8%

Cash flow & earnings quality

MeasureBF-BIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.40 — 1.87
FCF / net income 1.28 — 1.28
FCF / operating cash flow 91.3% — 71.9%
Capex / operating cash flow 8.7% — 29.5%
Accruals ratio -3.7% — -6.1%
Sloan accruals ratio -0.4% — -3.9%
Earnings quality score (0-1) 1.00 — 0.75

Dividends & buybacks

MeasureBF-BIndustry medianIndustry percentileSector median
Dividend yield 3.2% — 1.8%
Dividend per share (TTM) $0.92 — $0.64
Payout ratio (dividends / net income) 59.1% — 32.1%
Dividends / FCF 46.1% — 27.4%
Dividend growth (YoY) 3.5% — 1.8%
Buyback yield 3.0% — 0.9%
Shareholder yield (dividends + buybacks) 6.2% — 3.6%
Share count change (YoY) -2.9% — -0.2%
Buybacks, last 5 years $1.3B — $184.1M

Scores & forensic checks

MeasureBF-BIndustry medianIndustry percentileSector median
IS score 66 — 53
IS profitability 74 — 32
IS growth 29 — 50
IS value 64 — 49
IS momentum 61 — 73
IS risk (safety) 100 — 80
IS quality 85 — 65
IS balance sheet 70 — 53
IS earnings quality 72 — 76
IS cash flow 81 — 57
Piotroski F-score (0-9) 8 — 6
Altman Z-score 4.3 — 3.2
Beneish M-score −2.71 — −2.71
Ohlson O-score −8.76 — −7.61
IS credit score 69 — 64

Per share

MeasureBF-BIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $1.57 — $2.03
Book value per share $8.64 — $16.28
Tangible book per share $3.31 — $3.52
Revenue per share $8.52 — $41.08
FCF per share $2.01 — $3.18
Operating cash flow per share $2.21 — $4.93
Cash per share $0.66 — $2.81

Size (TTM)

MeasureBF-BIndustry medianIndustry percentileSector median
Market cap $13.3B — $4.0B
Revenue $3.9B — $5.2B
EBITDA $1.1B — $426.9M
Net income $721.0M — $167.0M
Free cash flow $925.0M — $345.6M
Total assets $7.8B — $4.8B
Shareholders' equity $4.0B — $1.6B
Employees 4,900 — 9,700

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-07-23Pafilis Yiannis
EVP, Pres., EU, Africa, Asia
 Award / grant 7,727——7,727
2026-07-23Enyard Angela S
SVP, Chief Accounting Officer
 Award / grant 2,450——2,450
2026-07-23Masick Michael Andrew
EVP/Pres., Americas
 Award / grant 15,278——15,278
2026-07-23Nall Timothy M
EVP, Chief Supp/Tech
 Award / grant 9,167——9,167
2026-07-23Peters James W
EVP, Chief Financial Officer
 Award / grant 64,933——64,933
2026-07-23Peterson Crystal L
EVP, Chief Incl/Global Comm
 Award / grant 3,285——3,285
2026-07-23Carr Michael E Jr
EVP, General Counsel,Secretary
 Award / grant 11,458——11,458
2026-07-23Shepherd Jeremy J
EVP, Chief Marketing
 Award / grant 9,231——9,231
2026-07-23Graven Christina M
EVP, Chief Strategy
 Award / grant 8,912——8,912
2026-07-23Nguyen Diane F
EVP, Chief Ppl & Comm
 Award / grant 9,167——9,167
2026-07-23Todman Michael
Director
 Award / grant 6,476——42,555
2026-07-23Skeans Tracy L
Director
 Award / grant 6,476——37,952

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
AprMayJul

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired32363,453$255,373
Option exerciseAcquired1884—
Option exerciseDisposed3884—
Tax withholdingDisposed1224,012$639,825
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 2 notices · 47,280 shares · $1.5M
FiledFilerShares proposedEst. proceeds
2025-12-04Whiting Lawson E4,785$148,185
2025-12-04Whiting Lawson E42,495$1.3M
2025-07-23Whiting Lawson E28,426$881,206
2023-06-22Kirsten Hawley2,402$159,829
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 0 trades (0 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2025-09-29Ro KhannaHousePurchase$1,001 - $15,0002025-10-03
2025-09-22Val HoyleHouseSale (Full)$1,001 - $15,0002025-10-10
2025-07-13Val HoyleHousePurchase$1,001 - $15,0002025-09-12
2025-06-16Lisa C. McClainHouseSale (Full)$1,001 - $15,0002025-08-13
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
VANGUARD CAPITAL MANAGEMENT LLC14,597,902$389.0M3.16%
VANGUARD PORTFOLIO MANAGEMENT LLC13,396,435$357.0M2.90%
FMR LLC12,577,525$335.2M2.72%
BlackRock, Inc.12,159,629$324.1M2.63%
VAN ECK ASSOCIATES CORP12,095,293$322.3M2.62%
STATE STREET CORP9,748,553$262.1M2.11%
Invesco Ltd.8,559,478$228.1M1.85%
GOLDMAN SACHS GROUP INC7,395,364$197.1M1.60%
DIMENSIONAL FUND ADVISORS LP7,048,225$187.9M1.52%
ProShare Advisors LLC5,658,686$150.8M1.22%
GEODE CAPITAL MANAGEMENT, LLC5,501,201$146.4M1.19%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/3,530,345$94.1M0.76%
Bank of New York Mellon Corp2,783,978$74.2M0.60%
MORGAN STANLEY2,778,860$74.1M0.60%
EQUITY INVESTMENT CORP2,590,913$69.0M0.56%

Institutional ownership by quarter

2023-092026-0643.9%
% of shares held by 13F filers
2023-092026-06599
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-3059943.9%9918521575
2026-03-3158044.1%73183240120
2025-12-3164248.0%9720524971
2025-09-3062647.0%8021323889
2025-06-3064342.9%9824421291
2025-03-3164543.2%9426120583
2024-12-3164040.3%12719523390
2024-09-3061440.8%8924418356
2024-06-3058837.9%7220921991
2024-03-3161535.5%6818325766
2023-12-3161734.8%7521820774
2023-09-3062334.8%4419225067

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-06-03SCHEDULE 13D/AWolf Pen Branch, LP60.3%101,601,480
2026-06-03SCHEDULE 13D/AWolf Pen Branch GP, LLC60.3%101,601,480
2026-05-06SCHEDULE 13G/AAbigail P. Johnson4.4%12,779,312
2026-04-29SCHEDULE 13GVanguard Capital Management5.6%16,213,828
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
MOAT2.60%$299.7M
VITSX0.01%$230.9M
VSMPX0.01%$230.9M
VTI0.01%$230.9M
VTSAX0.01%$230.9M
RSP0.22%$213.9M

Share structure

Shares outstanding462,199,329
Float446,016,806
Free float96.5%

Income statement

Fiscal years, USD
FY2022FY2023FY2024FY2025FY2026
Revenue$3.9B$4.2B$4.2B$4.0B$3.9B
Cost of revenue$1.5B$1.7B$1.7B$1.6B$1.6B
Gross profit$2.4B$2.5B$2.5B$2.3B$2.4B
R&D$0$0$0$0$0
SG&A$1.1B$1.2B$1.4B$1.2B$1.3B
Operating income$1.2B$1.1B$1.4B$1.1B$1.1B
EBITDA$1.3B$1.2B$1.5B$1.3B$1.2B
Pretax income$1.1B$1.0B$1.3B$1.1B$885.0M
Income tax$276.0M$234.0M$274.0M$212.0M$170.0M
Net income$838.0M$783.0M$1.0B$869.0M$715.0M
EPS, diluted$1.74$1.63$2.15$1.84$1.53
Diluted shares480.6M480.6M477.2M472.9M466.7M

Balance sheet

FY2022FY2023FY2024FY2025FY2026
Cash & short-term investments$868.0M$374.0M$446.0M$444.0M$308.0M
Receivables$813.0M$855.0M$769.0M$830.0M$832.0M
Inventory$1.8B$2.3B$2.6B$2.5B$2.5B
Total current assets$3.8B$3.8B$4.0B$4.2B$4.0B
PP&E, net$875.0M$1.0B$1.1B$1.1B$1.1B
Goodwill & intangibles$1.3B$2.6B$2.4B$2.5B$2.5B
Total assets$6.4B$7.8B$8.2B$8.1B$7.9B
Accounts payable$218.0M$308.0M$267.0M$243.0M$795.0M
Total current liabilities$1.0B$1.1B$1.6B$1.1B$1.2B
Long-term debt$2.0B$2.7B$2.4B$2.4B$2.1B
Total liabilities$3.6B$4.5B$4.6B$4.1B$3.9B
Shareholders' equity$2.7B$3.3B$3.5B$4.0B$4.0B

Cash flow statement

Outflows are negative
FY2022FY2023FY2024FY2025FY2026
Net income$838.0M$783.0M$1.0B$869.0M$715.0M
Depreciation & amortization$79.0M$80.0M$87.0M$87.0M$92.0M
Stock-based compensation$15.0M$18.0M$25.0M$28.0M$32.0M
Change in working capital−$77.0M$410.0M−$263.0M−$253.0M$82.0M
Operating cash flow$936.0M$640.0M$647.0M$598.0M$1.0B
Capital expenditure−$138.0M−$183.0M−$228.0M−$167.0M−$107.0M
Free cash flow$798.0M$457.0M$419.0M$431.0M$893.0M
Investing cash flow−$127.0M−$1.4B$49.0M$249.0M−$71.0M
Net debt issued / repaid−$196.0M$632.0M$192.0M−$417.0M−$244.0M
Buybacks$0$0−$400.0M$0−$400.0M
Dividends paid−$831.0M−$378.0M−$404.0M−$420.0M−$427.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2022FY2023FY2024FY2025FY2026
Gross margin60.8%59.0%60.5%58.9%60.5%
Operating margin30.6%26.7%33.8%28.5%29.0%
Net margin21.3%18.5%24.5%21.9%18.2%
FCF margin20.3%10.8%10.0%10.8%22.7%
ROE31.1%26.1%30.2%23.1%17.8%
ROIC21.9%14.9%18.1%14.5%15.7%
ROA13.0%11.1%12.8%10.7%8.9%
Debt / equity0.830.890.880.680.54
Interest coverage14.6x12.3x11.2x9.9x9.8x
Current ratio3.653.512.593.883.24
Revenue growth+13.6%+7.5%−1.2%−4.9%−1.2%
EPS growth−7.1%−6.6%+31.9%−14.5%−15.3%
P/E at year end36.0x37.7x21.3x18.5x16.6x
EV / EBITDA at year end24.8x27.0x16.2x14.2x12.7x
FCF yield at year end2.64%1.55%1.92%2.68%7.54%
Dividend payout99.2%48.3%39.5%48.3%59.7%

Revenue by segment

FY2022FY2023FY2024FY2025FY2026
Whiskey$3.1B$2.9B$2.8B$2.8B$2.9B
Ready-to-Drink—$509.0M$520.0M$491.0M$542.0M
Tequila$364.0M$320.0M$306.0M$262.0M$251.0M
Rest of portfolio$70.0M$91.0M$146.0M$292.0M$201.0M
Wine$219.0M$206.0M$205.0M——
Vodka$109.0M$99.0M$82.0M——
Non-branded and bulk$61.0M$88.0M$87.0M$102.0M$33.0M

Revenue by region · FY2026

UNITED STATES$1.6B · 42%
Other Countries$1.3B · 34%
MEXICO$319.0M · 8%
GERMANY$248.0M · 6%
AUSTRALIA$200.0M · 5%
UNITED KINGDOM$164.0M · 4%

Street estimates by fiscal year

Next report 2026-12-03 · consensus EPS $0.46 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$3.9B$3.9B – $3.9B$1.74$1.69 – $1.791716.6x
2027$3.9B$3.9B – $4.0B$1.71$1.46 – $1.811816.9x
2028$4.0B$3.8B – $4.1B$1.71$1.62 – $1.841716.9x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-09-02$0.38$0.380.0%$914.8M$911.0M−0.4%
2026-06-04$0.31$0.12−61.2%$884.7M$912.0M+3.1%
2026-03-04$0.47$0.58+24.5%$1.0B$1.1B+5.3%
2025-08-28$0.47$0.36−24.3%$1.0B$924.0M−9.2%
2025-06-03$0.34$0.31−8.8%$967.1M$894.0M−7.6%
2025-03-04$0.46$0.43−6.5%$987.7M$1.0B+4.8%
2024-12-05$0.49$0.55+12.2%$1.1B$1.1B−0.0%
2024-08-29$0.46$0.41−10.9%$1.1B$951.0M−11.6%
2024-06-05$0.42$0.56+33.3%$1.0B$964.0M−6.3%
2024-03-06$0.57$0.60+5.3%$1.1B$1.1B−4.4%
2023-12-06$0.51$0.50−2.0%$1.2B$1.1B−4.1%
2023-08-30$0.53$0.48−9.4%$1.2B$1.0B−10.2%
2023-06-07$0.43$0.430.0%$990.3M$1.0B+5.6%
2023-03-08$0.47$0.25−46.8%$1.0B$1.1B+6.6%
2022-12-07$0.55$0.47−14.5%$1.1B$1.1B+1.2%
2022-08-31$0.47$0.52+10.6%$976.2M$1.0B+3.2%
2022-06-08$0.27$0.31+14.8%$1.9B$996.0M−47.8%
2022-03-03$0.48$0.54+12.5%$833.9M$1.0B+24.4%
2021-12-08$0.53$0.49−7.5%$1.0B$994.0M−5.2%
2021-09-01$0.39$0.40+2.6%—$906.0M—
2021-06-09$0.33$0.25−24.2%$3.4B$812.0M−76.2%
2021-03-03$0.43$0.45+4.7%$868.6M$911.0M+4.9%
2020-12-08$0.51$0.50−2.0%$1.0B$985.0M−1.9%
2020-09-02$0.31$0.40+29.0%$589.7M$753.0M+27.7%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions
Week ofNotionalSharesTrades
None on file.

Short-sale share of off-exchange volume

daily 20-day average
DateShort shareShort volumeTotal volume
None on file.
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-2.3Jan+0.9Feb-1.0Mar+2.4Apr+1.3May+0.4Jun+1.6Jul+0.6Aug+0.1Sep-1.1Oct+3.2Nov-0.4Dec
MonthAvg returnUp yearsYears
Jan−2.3%55%20
Feb+0.9%60%20
Mar−1.0%62%21
Apr+2.4%55%20
May+1.3%65%20
Jun+0.4%55%20
Jul+1.6%60%20
Aug+0.6%55%20
Sep+0.1%50%20
Oct−1.1%40%20
Nov+3.2%65%20
Dec−0.4%50%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1470.9
MFI79.3
ADX17.6
Stochastic %K / %D93.5 / 93.0
Williams %R-10.9
CCI244
TSI / signal16.4 / 0.2
Chaikin money flow0.12
ATR$0.69
Bollinger width13.0%
Volume vs 20-day avg1.38x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$26.66 (+8.3%)
SMA 50$26.96 (+7.1%)
SMA 200$26.54 (+8.8%)
EMA 21$27.00 (+7.0%)
EMA 50$26.83 (+7.6%)
EMA 200$27.03 (+6.8%)
Bollinger upper$28.40 (+1.7%)
Bollinger lower$24.92 (+15.9%)
Parabolic SAR$26.10 (+10.7%)
Open the live chart, 110+ indicators

About Brown-Forman Corporation

Brown-Forman Corporation, along with its subsidiaries, operates globally within the alcoholic beverage industry. The company is actively involved in the production, distillation, bottling, international trade (importing and exporting), marketing, and sale of a diverse portfolio of alcoholic products. Its extensive offerings encompass a wide variety of spirits, wines, and whiskey products, including specialty whiskey spirits and flavored whiskey liqueurs. The range also features convenient ready-to-drink and ready-to-pour options, pre-mixed cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and other liqueurs. These beverages are primarily marketed under prominent brands such as 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. Beyond beverage sales, Brown-Forman also engages in the sale of used barrels, bulk whiskey, and wine, in addition to offering contract bottling services. The company's distribution model involves reaching retail customers and end consumers through independent distributors or state governments, while directly supplying retailers, wholesalers, and provincial governments. With a history dating back to its founding in 1870, Brown-Forman Corporation is headquartered in Louisville, Kentucky, and conducts substantial operations across the United States, Germany, Australia, the United Kingdom, Mexico, and numerous other international markets.

https://www.brown-forman.com

Key executives

NameTitlePayBorn
Lawson E. WhitingChief Executive Officer, President & Director$6.8M1968
Marshall FarrerExecutive Chairman$3.8M1971
Michael E. Carr Jr.Executive Vice President, General Counsel & Secretary$2.8M1980
Yiannis PafilisExecutive Vice President of Europe, Africa & Asia Pacific$2.0M1971
Michael Andrew MasickExecutive VP & President of Americas$1.9M1979
Timothy NallExecutive Vice President, Chief Global Supply Chain & Technology Officer$861,3141971
James W. PetersExecutive Vice President & Chief Financial Officer$256,3741970
Campbell BrownExecutive Director$143,0771968

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Lawson E. Whiting President and Chief Executive Officer2024$1.3M$4.8M$3.7M$13.2M
Leanne D. Cunningham Executive Vice President and Chief Financial Officer2024$655,646$1.1M$937,015$3.8M
Marshall B. Farrer Executive Vice President, Chief Strategic Growth Officer2024$523,513$591,656$614,976$3.7M
Matthew E. Hamel Executive Vice President and General Counsel2024$614,845$525,270$676,170$2.3M
Thomas W. Hinrichs Executive Vice President, President, Emerging International2024$528,725$403,524$731,140$1.9M

Employees

5k20195k20205k20215k20226k20236k20245k20255k2026

Dividends

Ex-dateAmountPaid
2026-09-03$0.2312026-10-01
2026-06-10$0.2312026-07-01
2026-03-09$0.2312026-04-01
2025-12-05$0.2312026-01-02
2025-09-03$0.22652025-10-01
2025-06-09$0.22652025-07-01
2025-03-07$0.22652025-04-01
2024-12-06$0.22652025-01-02

Moat model

None · Efficient Scale · 2026-07-31
Cost advantage30
Intangibles31
Switching costs12
Network effect50
Efficient scale95
Our component scores (0-100) and overall 38.5; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms