Also trades as: BF-A (NYSE) · $vol 5M · 0HQ3.L (LSE) · $vol 0M

$28.51

-0.44 (-1.52%)

Weekly Expected Move ±4.8%

$27 $28 $29 $31 $32

NYSE · Consumer Defensive · Beverages - Wineries & Distilleries · Tech Score Strong Buy · Power 71 · $13.2B mcap · 447M float · 0.566% daily turnover

Credit Risk of going bust: lower than 66% of companies Debt: 15.4% of company value Bonds: $36.6M held by 67 funds, 65 bp over Treasuries → details ▾

Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.46 (down 98%), Brown-Forman Corporation would be worth roughly what it owes.
Total debt $2.44B against a stock market value of $13.40B.
Distance to default 6.91 (Merton model): prices to 2026-10-27, balance sheet 2026-07-31, debt counted $1.40B (short-term plus half of long-term), stock volatility 37.2%; Altman Z 4.31. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

38.5 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 14.8% · 5Y Avg: 15.4%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. BF-B has No discernible competitive edge (38.5/100). The business operates without significant structural advantages. The primary source of advantage is Efficient Scale. ROIC of 14.8% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Analyst Recommendations

Strong Buy: 0Buy: 5Hold: 24Sell: 7Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$—

Analysts0

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

A-

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. BF-B receives an overall rating of A-. Strongest factors: DCF (4/5), ROE (4/5), ROA (5/5). Areas of concern: D/E (2/5), P/B (2/5).

Rating Change History

Date	From	To
2026-10-26	B+	A-
2026-10-22	A-	B+
2026-10-12	B+	A-
2026-09-03	C	B+
2026-09-02	A-	C
2026-08-18	B+	A-
2026-08-14	A-	B+
2026-08-10	B+	A-
2026-08-03	A-	B+
2026-06-05	B+	A-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 66 Grade A+

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. BF-B scores highest in Safety (100/100) and lowest in Growth (29/100). An overall grade of A+ places BF-B among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

4.26

Safe Zone

Piotroski F-Score

8/9

✓ ✓ ✗ ✓ ✓ ✓ ✓ ✓ ✓

Beneish M-Score

-2.71

Unlikely Manipulator

Ohlson O-Score

-8.76

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 85.0/100

Trend: Improving

Earnings Quality

100/100

OCF/NI: 1.40x

Accruals: -3.7%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. BF-B scores 4.26, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. BF-B scores 8/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. BF-B's score of -2.71 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. BF-B's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. BF-B receives an estimated rating of AA (score: 85.0/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). BF-B's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

18.51x

PEG

-1.33x

P/S

3.37x

P/B

3.29x

P/FCF

14.15x

P/OCF

12.92x

EV/EBITDA

14.01x

EV/Revenue

3.89x

EV/EBIT

15.32x

EV/FCF

16.46x

Earnings Yield

5.51%

FCF Yield

7.07%

Shareholder Yield

6.31%

Graham Number

$17.47

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 18.5x earnings, BF-B trades at a reasonable valuation. An earnings yield of 5.5% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $17.47 per share, 63% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.806

NI / EBT

Interest Burden

0.899

EBT / EBIT

EBIT Margin

0.254

EBIT / Rev

Asset Turnover

0.489

Rev / Assets

Equity Multiplier

2.010

Assets / Equity

ROE

18.1%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. BF-B's ROE of 18.1% is driven by Asset Turnover (0.489), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$13.34

Price/Value

2.14x

Margin of Safety

-113.52%

Premium

113.52%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with BF-B's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. BF-B trades at a 114% premium to its adjusted intrinsic value of $13.34, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 18.5x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$28.51

Median 1Y

$25.04

5th Pctile

$15.12

95th Pctile

$41.46

Ann. Volatility

31.0%

25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Lawson E. Whiting President and Chief Executive Officer	$1,250,040	$4,765,947	$13,194,160
Leanne D. Cunningham Executive Vice President and Chief Financial Officer	$655,646	$1,075,043	$3,784,701
Marshall B. Farrer Executive Vice President, Chief Strategic Growth Officer	$523,513	$591,656	$3,659,897
Matthew E. Hamel Executive Vice President and General Counsel	$614,845	$525,270	$2,265,918
Thomas W. Hinrichs Executive Vice President, President, Emerging International	$528,725	$403,524	$1,873,178

CEO Pay Ratio

51:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $13,194,160

Avg Employee Cost (SGA/emp): $258,980

Employees: 4,900

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

4,900

-2.0% YoY

Revenue / Employee

$801,633

Rev: $3,928,000,000

Profit / Employee

$145,918

NI: $715,000,000

SGA / Employee

$258,980

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Q1'27	Current
ROE	28.8%	32.4%	31.1%	32.6%	29.7%	26.2%	26.1%	24.9%	24.0%	30.7%	30.2%	29.0%	28.0%	28.0%	23.1%	22.6%	20.7%	20.4%	17.8%	18.1%	18.12%
ROA	11.8%	12.7%	13.0%	13.7%	13.2%	10.4%	11.1%	10.5%	10.4%	12.1%	12.8%	12.1%	12.2%	12.1%	10.7%	10.3%	9.8%	9.9%	8.9%	9.0%	9.01%
ROIC	19.8%	21.6%	21.9%	23.1%	21.7%	14.4%	14.9%	14.3%	14.3%	17.4%	18.1%	17.4%	16.9%	16.7%	14.5%	14.6%	13.5%	14.6%	15.7%	14.8%	14.79%
ROCE	18.1%	21.8%	22.4%	23.1%	22.2%	18.0%	16.5%	16.1%	16.4%	20.3%	21.6%	21.1%	20.4%	20.1%	17.2%	17.4%	16.5%	16.3%	14.8%	15.0%	15.03%
Gross Margin	59.4%	60.0%	62.9%	61.8%	56.0%	57.7%	60.7%	62.7%	60.6%	59.4%	59.0%	59.4%	59.0%	59.8%	57.4%	59.7%	59.4%	60.6%	62.6%	60.3%	60.26%
Operating Margin	32.4%	33.5%	24.7%	34.1%	28.6%	16.0%	28.5%	31.5%	30.6%	34.9%	38.9%	29.5%	31.1%	27.1%	26.0%	29.4%	29.8%	32.5%	23.7%	27.7%	27.66%
Net Margin	23.7%	25.0%	15.2%	24.7%	20.7%	9.3%	19.8%	22.3%	21.9%	26.7%	27.6%	20.5%	23.6%	26.1%	16.3%	18.4%	21.6%	25.3%	5.9%	19.3%	19.32%
EBITDA Margin	34.4%	35.5%	25.7%	36.2%	30.6%	15.5%	30.5%	33.6%	32.6%	37.4%	41.7%	32.3%	33.5%	37.2%	25.8%	28.9%	31.6%	34.6%	12.9%	30.4%	30.41%
FCF Margin	22.1%	22.5%	20.3%	19.0%	18.2%	11.3%	10.8%	7.2%	5.2%	8.9%	10.0%	9.9%	11.2%	13.2%	10.8%	14.8%	15.7%	18.7%	22.7%	23.6%	23.63%
OCF Margin	24.0%	24.8%	23.8%	22.9%	22.2%	15.9%	15.1%	11.9%	9.9%	13.9%	15.5%	15.3%	16.6%	18.1%	15.0%	18.8%	19.6%	22.0%	25.5%	25.9%	25.87%
ROE 3Y Avg	snapshot only																				22.61%
ROE 5Y Avg	snapshot only																				24.53%
ROA 3Y Avg	snapshot only																				10.53%
ROIC 3Y Avg	snapshot only																				13.17%
ROIC Economic	snapshot only																				14.27%
Cash ROA	snapshot only																				12.95%
Cash ROIC	snapshot only																				16.58%
CROIC	snapshot only																				15.14%
NOPAT Margin	snapshot only																				23.07%
Pretax Margin	snapshot only																				22.84%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				32.46%
SBC / Revenue	snapshot only																				0.82%

Valuation

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Q1'27	Current
P/E Ratio	37.89	36.36	35.11	36.28	33.67	40.28	36.67	40.84	31.95	25.09	20.73	20.23	19.51	14.92	18.03	15.51	15.36	15.62	16.28	18.15	18.513
P/S Ratio	8.02	7.83	7.48	8.05	7.22	7.01	6.79	7.34	5.83	5.68	5.08	4.89	4.80	3.65	3.94	3.31	3.20	3.22	2.96	3.34	3.372
P/B Ratio	9.94	11.65	10.75	11.57	9.81	9.64	8.79	9.36	7.21	7.46	6.04	5.77	5.29	3.86	3.92	3.28	3.01	3.09	2.90	3.30	3.295
P/FCF	36.28	34.85	36.87	42.33	39.67	61.91	62.83	101.77	112.75	64.06	50.66	49.24	42.77	27.63	36.36	22.41	20.39	17.27	13.03	14.15	14.147
P/OCF	33.44	31.62	31.43	35.14	32.53	44.17	44.86	61.87	59.19	40.91	32.81	31.93	28.85	20.18	26.21	17.66	16.35	14.64	11.64	12.92	12.918
EV/EBITDA	26.71	25.61	24.17	25.41	23.53	28.37	26.33	28.94	23.10	18.92	15.80	15.47	15.16	11.65	13.92	12.25	12.20	12.56	12.52	14.01	14.007
EV/Revenue	8.37	8.23	7.84	8.38	7.54	7.63	7.39	7.96	6.47	6.35	5.72	5.56	5.49	4.21	4.52	3.88	3.80	3.82	3.43	3.89	3.889
EV/EBIT	28.68	27.41	25.77	27.03	25.00	30.48	28.23	31.10	24.80	20.14	16.76	16.46	16.14	12.39	14.93	13.17	13.15	13.58	13.69	15.32	15.318
EV/FCF	37.88	36.65	38.62	44.09	41.43	67.41	68.39	110.40	125.14	71.52	57.00	56.02	48.86	31.87	41.67	26.23	24.21	20.48	15.10	16.46	16.460
Earnings Yield	2.6%	2.8%	2.8%	2.8%	3.0%	2.5%	2.7%	2.4%	3.1%	4.0%	4.8%	4.9%	5.1%	6.7%	5.5%	6.4%	6.5%	6.4%	6.1%	5.5%	5.51%
FCF Yield	2.8%	2.9%	2.7%	2.4%	2.5%	1.6%	1.6%	1.0%	0.9%	1.6%	2.0%	2.0%	2.3%	3.6%	2.8%	4.5%	4.9%	5.8%	7.7%	7.1%	7.07%
Price/Tangible Book	snapshot only																				8.609
EV/OCF	snapshot only																				15.030
EV/Gross Profit	snapshot only																				6.411
Acquirers Multiple	snapshot only																				13.594
Shareholder Yield	snapshot only																				6.31%
Graham Number	snapshot only																				$17.47

Leverage & Solvency

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Q1'27	Current
Current Ratio	5.15	3.48	3.65	3.53	3.43	1.99	3.51	3.20	3.29	2.74	2.59	2.47	2.70	3.49	3.88	2.79	2.97	2.77	3.24	3.26	3.263
Quick Ratio	2.86	1.80	1.89	1.81	1.82	0.87	1.40	1.29	1.30	1.17	0.95	0.90	1.05	1.49	1.56	1.06	1.17	1.09	1.18	1.14	1.141
Debt/Equity	0.80	0.92	0.83	0.80	0.79	1.00	0.89	0.92	0.90	1.05	0.88	0.91	0.86	0.75	0.68	0.68	0.64	0.67	0.54	0.62	0.615
Net Debt/Equity	0.44	0.60	0.51	0.48	0.44	0.86	0.78	0.79	0.79	0.87	0.75	0.79	0.75	0.59	0.57	0.56	0.56	0.57	0.46	0.54	0.539
Debt/Assets	0.36	0.37	0.36	0.34	0.35	0.39	0.37	0.38	0.38	0.41	0.38	0.39	0.38	0.35	0.34	0.33	0.32	0.33	0.27	0.31	0.312
Debt/EBITDA	2.07	1.93	1.78	1.69	1.82	2.69	2.45	2.63	2.60	2.38	2.05	2.16	2.17	1.96	2.12	2.16	2.19	2.31	2.00	2.25	2.246
Net Debt/EBITDA	1.12	1.26	1.10	1.01	1.00	2.31	2.14	2.26	2.29	1.97	1.76	1.87	1.89	1.55	1.77	1.78	1.92	1.97	1.71	1.97	1.969
Interest Coverage	12.90	13.90	14.59	15.64	15.97	12.76	12.30	10.90	9.87	11.00	11.22	10.63	10.58	10.65	9.86	10.11	10.30	10.59	9.85	9.94	9.940
Equity Multiplier	2.26	2.47	2.33	2.32	2.25	2.55	2.38	2.42	2.35	2.54	2.32	2.37	2.25	2.11	2.03	2.05	1.99	2.03	1.96	1.97	1.972
Cash Ratio	snapshot only																				0.248
Debt Service Coverage	snapshot only																				10.870
Cash to Debt	snapshot only																				0.123
FCF to Debt	snapshot only																				0.379
Defensive Interval	snapshot only																				326.6 days

Efficiency & Turnover

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Q1'27	Current
Asset Turnover	0.56	0.59	0.61	0.62	0.61	0.60	0.60	0.58	0.57	0.53	0.52	0.50	0.50	0.50	0.49	0.48	0.47	0.48	0.49	0.49	0.489
Inventory Turnover	0.82	0.85	0.86	0.85	0.87	0.86	0.85	0.79	0.74	0.71	0.68	0.65	0.65	0.66	0.64	0.62	0.62	0.63	0.61	0.60	0.597
Receivables Turnover	4.00	4.64	5.02	4.91	4.53	4.80	5.07	4.97	4.64	4.68	5.15	4.88	4.29	4.67	4.97	4.78	3.90	4.25	4.73	4.69	4.691
Payables Turnover	2.19	2.41	7.91	2.47	2.26	2.39	6.59	2.47	2.19	2.17	5.75	2.31	2.24	2.28	6.40	2.39	2.12	2.10	2.99	3.66	3.658
DSO	91	79	73	74	81	76	72	73	79	78	71	75	85	78	73	76	94	86	77	78	77.8 days
DIO	447	429	422	427	419	424	432	464	494	513	535	564	565	552	567	584	588	575	595	611	611.5 days
DPO	167	151	46	148	161	153	55	148	167	168	64	158	163	160	57	153	172	173	122	100	99.8 days
Cash Conversion Cycle	372	356	449	354	338	347	448	390	406	423	542	480	487	470	583	508	510	488	550	590	589.5 days
Fixed Asset Turnover	snapshot only																				3.559
Operating Cycle	snapshot only																				689.3 days
Cash Velocity	snapshot only																				13.007
Capital Intensity	snapshot only																				1.999

Growth (YoY)

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Q1'27	Current
Revenue	8.3%	11.6%	13.6%	11.6%	14.1%	11.4%	7.5%	5.6%	3.3%	2.0%	-1.2%	-3.9%	-4.5%	-5.0%	-4.9%	-3.5%	-4.7%	-3.3%	-1.2%	-0.8%	-0.84%
Net Income	-16.9%	-11.4%	-7.2%	16.1%	15.5%	-9.9%	-6.6%	-14.5%	-12.0%	32.7%	30.8%	29.2%	28.7%	2.5%	-15.1%	-14.6%	-19.3%	-18.4%	-17.7%	-14.6%	-14.57%
EPS	-16.9%	-11.4%	-7.1%	16.1%	15.5%	-9.9%	-6.6%	-14.5%	-11.9%	34.1%	31.9%	31.2%	30.6%	3.1%	-14.5%	-14.6%	-19.2%	-18.4%	-15.3%	-12.0%	-12.03%
FCF	10.3%	17.4%	5.7%	-9.7%	-6.1%	-43.8%	-42.7%	-60.0%	-70.6%	-20.1%	-8.3%	32.2%	1.1%	41.3%	2.9%	43.8%	33.2%	36.7%	1.1%	58.4%	58.39%
EBITDA	-11.4%	-4.2%	2.9%	16.4%	16.5%	-6.7%	-6.9%	-12.0%	-9.6%	27.1%	27.4%	25.5%	23.3%	2.2%	-14.7%	-15.0%	-18.0%	-18.5%	-16.5%	-13.0%	-13.04%
Op. Income	-12.3%	-5.0%	3.3%	17.8%	17.8%	-4.5%	-6.4%	-11.7%	-9.0%	24.4%	25.5%	23.1%	20.5%	-4.5%	-19.8%	-17.8%	-20.2%	-9.5%	0.5%	-0.4%	-0.44%
OCF Growth	snapshot only																				36.71%
Asset Growth	snapshot only																				-4.23%
Equity Growth	snapshot only																				-0.48%
Debt Growth	snapshot only																				-9.63%
Shares Change	snapshot only																				-2.89%
Dividend Growth	snapshot only																				3.46%

Growth (CAGR)

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Q1'27	Current
Revenue 3Y	3.3%	4.2%	5.8%	6.7%	6.7%	7.1%	7.9%	8.3%	8.5%	8.3%	6.5%	4.2%	4.0%	2.6%	0.4%	-0.7%	-2.0%	-2.2%	-2.4%	-2.8%	-2.77%
Revenue 5Y	3.6%	4.4%	5.6%	5.7%	5.7%	5.4%	5.4%	5.3%	5.4%	5.2%	4.7%	4.2%	3.7%	3.5%	3.4%	3.3%	3.1%	3.1%	2.6%	1.6%	1.61%
EPS 3Y	1.0%	0.9%	0.1%	2.9%	1.2%	-5.4%	-1.8%	-7.4%	-5.4%	2.3%	4.6%	9.2%	10.0%	7.6%	1.8%	-1.4%	-2.4%	4.1%	-1.5%	-0.5%	-0.48%
EPS 5Y	-5.8%	-4.9%	4.8%	5.1%	3.7%	-0.5%	1.9%	0.9%	1.0%	4.4%	4.3%	4.1%	3.6%	3.2%	1.3%	-2.3%	-2.2%	-2.1%	-3.7%	-0.4%	-0.43%
Net Income 3Y	0.8%	0.9%	0.1%	2.9%	1.2%	-5.4%	-1.8%	-7.4%	-5.5%	1.9%	4.3%	8.6%	9.4%	7.0%	1.2%	-1.9%	-2.9%	3.5%	-3.0%	-2.0%	-1.96%
Net Income 5Y	-6.1%	-5.0%	4.7%	5.0%	3.6%	-0.6%	1.8%	0.7%	0.8%	4.2%	4.2%	3.8%	3.3%	2.9%	1.0%	-2.6%	-2.6%	-2.4%	-4.6%	-1.3%	-1.33%
EBITDA 3Y	0.5%	2.5%	2.0%	3.9%	3.1%	-2.3%	0.6%	-3.5%	-2.3%	4.3%	6.9%	8.7%	9.1%	6.6%	0.4%	-2.1%	-3.0%	1.9%	-3.2%	-2.5%	-2.45%
EBITDA 5Y	-6.2%	-5.1%	4.0%	4.2%	3.1%	-0.9%	1.4%	0.7%	1.4%	5.0%	4.7%	4.4%	4.1%	3.9%	2.1%	-0.8%	-1.1%	-1.1%	-2.8%	-1.0%	-1.00%
Gross Profit 3Y	-0.3%	1.0%	3.3%	4.7%	4.6%	4.8%	5.4%	6.4%	7.9%	8.2%	6.5%	3.8%	3.3%	2.0%	-0.7%	-1.8%	-2.5%	-2.3%	-1.6%	-2.0%	-1.99%
Gross Profit 5Y	1.1%	2.0%	3.4%	3.6%	3.2%	2.7%	2.5%	2.5%	3.1%	3.4%	3.1%	2.6%	2.2%	2.2%	2.0%	2.2%	2.3%	2.5%	2.6%	1.7%	1.71%
Op. Income 3Y	0.4%	2.0%	1.7%	3.7%	2.9%	-1.7%	1.1%	-3.3%	-2.0%	4.1%	6.6%	8.6%	8.9%	4.3%	-2.0%	-3.7%	-4.3%	2.5%	0.4%	0.3%	0.27%
Op. Income 5Y	-6.8%	-5.6%	4.0%	4.3%	3.0%	-0.7%	1.5%	0.9%	1.7%	4.7%	4.3%	3.9%	3.6%	2.4%	0.8%	-1.8%	-2.0%	-0.5%	-0.5%	1.0%	0.96%
FCF 3Y	11.9%	16.4%	5.5%	6.9%	8.1%	-8.0%	-9.0%	-21.3%	-32.7%	-19.2%	-17.8%	-21.8%	-17.0%	-14.1%	-18.6%	-8.7%	-6.7%	15.6%	25.0%	44.4%	44.43%
FCF 5Y	12.2%	14.5%	8.8%	9.5%	6.8%	-5.1%	-1.9%	-10.4%	-17.3%	-6.7%	-9.2%	-8.3%	-5.1%	-2.6%	-6.6%	-1.5%	-3.4%	0.4%	3.4%	1.7%	1.73%
OCF 3Y	8.0%	12.8%	5.4%	7.4%	8.6%	-3.2%	-4.0%	-12.1%	-19.9%	-9.1%	-7.5%	-11.8%	-7.9%	-7.6%	-13.9%	-7.1%	-6.0%	9.1%	16.0%	26.1%	26.12%
OCF 5Y	10.3%	12.2%	7.9%	8.6%	6.0%	-2.6%	0.3%	-5.1%	-9.4%	-1.8%	-4.2%	-3.4%	-1.0%	-0.0%	-3.8%	-0.1%	-1.5%	1.8%	4.1%	2.1%	2.15%
Assets 3Y	8.7%	6.4%	7.4%	7.0%	7.3%	12.0%	10.4%	9.3%	8.5%	8.2%	7.8%	7.6%	8.0%	9.0%	8.3%	7.8%	6.3%	2.3%	0.5%	-1.1%	-1.09%
Assets 5Y	7.0%	6.2%	6.6%	6.3%	6.6%	9.0%	9.3%	10.0%	9.5%	9.8%	9.7%	9.0%	8.5%	7.9%	7.0%	5.7%	5.3%	5.0%	3.9%	3.5%	3.53%
Equity 3Y	25.0%	19.0%	18.4%	19.1%	16.1%	14.9%	18.3%	15.8%	12.9%	9.6%	9.8%	8.9%	8.2%	14.9%	13.4%	12.4%	10.8%	10.3%	7.1%	5.9%	5.94%
Book Value 3Y	25.3%	19.0%	18.4%	19.0%	16.1%	14.9%	18.3%	15.8%	12.9%	10.0%	10.1%	9.5%	8.8%	15.5%	14.0%	13.0%	11.4%	11.0%	8.8%	7.5%	7.54%
Dividend 3Y	1.1%	34.9%	34.9%	34.8%	34.7%	-23.5%	-23.1%	-22.6%	-22.2%	3.0%	2.6%	2.3%	2.0%	2.0%	1.8%	1.8%	1.8%	1.4%	2.1%	1.7%	1.67%

Growth Quality

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Q1'27	Current
Revenue Stability	0.89	0.85	0.87	0.88	0.79	0.79	0.84	0.87	0.85	0.87	0.88	0.85	0.77	0.74	0.59	0.47	0.34	0.32	0.25	0.12	0.122
Earnings Stability	0.12	0.10	0.73	0.42	0.34	0.00	0.13	0.01	0.01	0.06	0.22	0.04	0.07	0.16	0.11	0.00	0.00	0.02	0.09	0.01	0.009
Margin Stability	0.95	0.95	0.95	0.95	0.95	0.95	0.94	0.95	0.95	0.96	0.96	0.97	0.97	0.97	0.97	0.98	0.98	0.99	0.99	0.99	0.988
Rev. Growth Consistency	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
Earn. Growth Consistency	0.00	0.00	0.00	0.50	0.50	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.93	0.95	0.97	0.94	0.94	0.96	0.97	0.94	0.95	0.87	0.88	0.88	0.89	0.99	0.94	0.94	0.92	0.93	0.93	0.94	0.942
Earnings Smoothness	0.82	0.88	0.93	0.85	0.86	0.90	0.93	0.84	0.87	0.72	0.73	0.75	0.75	0.98	0.84	0.84	0.79	0.80	0.81	0.84	0.843
ROE Trend	-0.15	-0.08	-0.07	-0.05	-0.03	-0.11	-0.08	-0.07	-0.05	0.02	0.02	0.01	0.01	-0.01	-0.05	-0.05	-0.05	-0.08	-0.08	-0.07	-0.067
Gross Margin Trend	-0.02	-0.02	-0.01	-0.00	-0.01	-0.01	-0.02	-0.01	0.00	0.01	0.01	-0.00	-0.01	-0.01	-0.01	-0.00	-0.01	-0.01	0.01	0.01	0.013
FCF Margin Trend	0.03	0.03	0.00	-0.02	-0.04	-0.11	-0.10	-0.14	-0.15	-0.08	-0.06	-0.03	-0.00	0.03	0.00	0.06	0.07	0.08	0.12	0.11	0.113
Sustainable Growth Rate	15.9%	-0.8%	0.3%	2.2%	1.6%	12.9%	13.5%	12.3%	11.9%	18.0%	18.3%	17.1%	16.5%	16.2%	12.0%	11.3%	9.7%	9.6%	7.2%	7.4%	7.41%
Internal Growth Rate	7.0%	—	0.1%	0.9%	0.7%	5.4%	6.1%	5.5%	5.4%	7.6%	8.4%	7.7%	7.7%	7.5%	5.8%	5.4%	4.8%	4.9%	3.7%	3.8%	3.83%

Cash Flow Quality

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Q1'27	Current
OCF/Net Income	1.13	1.15	1.12	1.03	1.03	0.91	0.82	0.66	0.54	0.61	0.63	0.63	0.68	0.74	0.69	0.88	0.94	1.07	1.40	1.40	1.405
FCF/OCF	0.92	0.91	0.85	0.83	0.82	0.71	0.71	0.61	0.52	0.64	0.65	0.65	0.67	0.73	0.72	0.79	0.80	0.85	0.89	0.91	0.913
FCF/Net Income	snapshot only																				1.283
OCF/EBITDA	snapshot only																				0.932
CapEx/Revenue	1.9%	2.3%	3.5%	3.9%	4.0%	4.5%	4.3%	4.6%	4.7%	5.0%	5.5%	5.4%	5.4%	4.9%	4.2%	4.0%	3.9%	3.4%	2.7%	2.2%	2.25%
CapEx/Depreciation	snapshot only																				0.946
Accruals Ratio	-0.02	-0.02	-0.02	-0.00	-0.00	0.01	0.02	0.04	0.05	0.05	0.05	0.04	0.04	0.03	0.03	0.01	0.01	-0.01	-0.04	-0.04	-0.037
Sloan Accruals	snapshot only																				-0.004
Cash Flow Adequacy	snapshot only																				1.971
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Q1'27	Current
Dividend Yield	1.2%	2.8%	2.8%	2.6%	2.8%	1.3%	1.3%	1.2%	1.6%	1.6%	1.9%	2.0%	2.1%	2.8%	2.7%	3.2%	3.4%	3.4%	3.7%	3.3%	3.24%
Dividend/Share	$0.71	$1.72	$1.73	$1.74	$1.75	$0.77	$0.79	$0.81	$0.82	$0.84	$0.85	$0.86	$0.87	$0.88	$0.89	$0.90	$0.91	$0.91	$0.93	$0.93	$0.92
Payout Ratio	44.7%	1.0%	99.2%	93.3%	94.7%	50.8%	48.3%	50.6%	50.6%	41.3%	39.5%	41.3%	41.1%	42.2%	48.3%	50.2%	52.8%	53.0%	59.7%	59.1%	59.08%
FCF Payout Ratio	42.8%	98.1%	1.0%	1.1%	1.1%	78.0%	82.7%	1.3%	1.8%	1.1%	96.4%	1.0%	90.2%	78.1%	97.4%	72.6%	70.2%	58.6%	47.8%	46.1%	46.05%
Total Payout Ratio	46.4%	1.0%	1.0%	94.1%	95.4%	51.3%	48.8%	51.1%	56.5%	83.2%	78.5%	81.6%	76.6%	42.4%	48.6%	50.4%	65.2%	1.0%	1.2%	1.1%	1.15%
Div. Increase Streak	1	1	1	1	1	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1
Chowder Number	0.04	1.49	1.49	1.47	1.47	-0.54	-0.53	-0.52	-0.51	0.10	0.09	0.07	0.07	0.07	0.07	0.07	0.07	0.06	0.05	0.04	0.037
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.2%	1.7%	1.9%	2.0%	1.8%	0.0%	0.0%	0.0%	0.8%	3.2%	3.4%	3.1%	3.06%
Net Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.2%	1.7%	1.9%	2.0%	1.8%	0.0%	0.0%	0.0%	0.8%	3.2%	3.4%	3.1%	3.06%
Total Shareholder Return	1.2%	2.9%	2.9%	2.6%	2.8%	1.3%	1.3%	1.3%	1.7%	3.3%	3.8%	4.0%	3.9%	2.8%	2.7%	3.2%	4.2%	6.6%	7.1%	6.3%	6.31%

DuPont Factors

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Q1'27	Current
Tax Burden (NI/EBT)	0.79	0.77	0.75	0.76	0.76	0.75	0.77	0.77	0.78	0.79	0.79	0.79	0.80	0.79	0.80	0.81	0.80	0.81	0.81	0.81	0.806
Interest Burden (EBT/EBIT)	0.92	0.93	0.93	0.94	0.94	0.92	0.92	0.91	0.90	0.91	0.91	0.91	0.91	0.91	0.90	0.90	0.90	0.91	0.90	0.90	0.899
EBIT Margin	0.29	0.30	0.30	0.31	0.30	0.25	0.26	0.26	0.26	0.32	0.34	0.34	0.34	0.34	0.30	0.29	0.29	0.28	0.25	0.25	0.254
Asset Turnover	0.56	0.59	0.61	0.62	0.61	0.60	0.60	0.58	0.57	0.53	0.52	0.50	0.50	0.50	0.49	0.48	0.47	0.48	0.49	0.49	0.489
Equity Multiplier	2.43	2.55	2.39	2.39	2.26	2.52	2.36	2.38	2.30	2.55	2.35	2.39	2.30	2.31	2.16	2.20	2.11	2.07	1.99	2.01	2.010

Per Share

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Q1'27	Current
EPS (Diluted TTM)	$1.60	$1.68	$1.74	$1.86	$1.84	$1.51	$1.63	$1.59	$1.62	$2.03	$2.15	$2.09	$2.12	$2.09	$1.84	$1.78	$1.71	$1.71	$1.56	$1.57	$1.57
Book Value/Share	$6.08	$5.24	$5.70	$5.84	$6.33	$6.32	$6.80	$6.95	$7.19	$6.82	$7.38	$7.33	$7.83	$8.08	$8.44	$8.43	$8.75	$8.64	$8.75	$8.64	$8.65
Tangible Book/Share	$3.09	$2.28	$2.89	$3.07	$3.58	$0.91	$1.35	$1.73	$2.09	$1.63	$2.25	$2.12	$2.61	$2.99	$3.19	$2.98	$3.28	$3.09	$3.39	$3.31	$3.31
Revenue/Share	$7.54	$7.80	$8.19	$8.40	$8.60	$8.70	$8.80	$8.87	$8.90	$8.96	$8.77	$8.65	$8.62	$8.55	$8.41	$8.35	$8.23	$8.27	$8.55	$8.52	$8.53
FCF/Share	$1.67	$1.75	$1.66	$1.60	$1.56	$0.98	$0.95	$0.64	$0.46	$0.79	$0.88	$0.86	$0.97	$1.13	$0.91	$1.23	$1.29	$1.54	$1.94	$2.01	$2.02
OCF/Share	$1.81	$1.93	$1.95	$1.92	$1.91	$1.38	$1.33	$1.05	$0.88	$1.24	$1.36	$1.32	$1.44	$1.55	$1.26	$1.57	$1.61	$1.82	$2.18	$2.21	$2.21
Cash/Share	$2.23	$1.69	$1.81	$1.87	$2.26	$0.89	$0.78	$0.89	$0.78	$1.24	$0.94	$0.88	$0.88	$1.27	$0.94	$1.00	$0.67	$0.85	$0.67	$0.66	$0.66
EBITDA/Share	$2.36	$2.51	$2.65	$2.77	$2.76	$2.34	$2.47	$2.44	$2.49	$3.00	$3.17	$3.11	$3.12	$3.09	$2.73	$2.64	$2.56	$2.52	$2.34	$2.37	$2.37
Debt/Share	$4.89	$4.84	$4.72	$4.68	$5.02	$6.30	$6.06	$6.40	$6.48	$7.16	$6.51	$6.70	$6.77	$6.05	$5.78	$5.71	$5.60	$5.81	$4.68	$5.31	$5.31
Net Debt/Share	$2.66	$3.15	$2.92	$2.81	$2.75	$5.41	$5.29	$5.52	$5.70	$5.92	$5.57	$5.82	$5.89	$4.79	$4.84	$4.71	$4.93	$4.96	$4.01	$4.66	$4.66

Academic Models

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Q1'27	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.264
Altman Z-Prime	snapshot only																				8.785
Piotroski F-Score	8	6	7	8	6	3	3	4	4	6	4	4	4	7	5	5	6	6	7	8	8
Beneish M-Score	-2.50	-2.56	-2.45	-2.47	-2.52	-2.07	-2.11	-2.13	-2.07	-2.38	-2.35	-2.29	-2.23	-2.35	-2.24	-2.39	-2.39	-2.35	-2.72	-2.71	-2.706
Ohlson O-Score	snapshot only																				-8.757
ROIC (Greenblatt)	snapshot only																				25.85%
Net-Net WC	snapshot only																				$0.22
EVA	snapshot only																				$292366219.24

Credit

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Q1'27	Current
Credit Rating	snapshot only																				AA
Credit Score	86.08	84.68	87.77	88.19	89.85	77.76	83.30	80.89	77.89	80.74	80.24	79.36	81.94	83.78	80.55	82.46	80.67	79.99	87.18	85.03	85.032
Credit Grade	snapshot only																				3
Credit Trend	snapshot only																				2.575
Implied Spread (bps)	snapshot only																				80.000
Industry Credit Rank	snapshot only																				80
Sector Credit Rank	snapshot only																				74

BF-B NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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