NYSE · Financial Statements

Brown-Forman Corporation (BF-B) Financial Statements

$26.17 NYSE: BF-B Market Cap $12.20B

Brown-Forman Corporation most recently reported annual revenue of $3.9B, net profit of $715.0M. Revenue grew at an average annual rate of 2.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Brown-Forman Corporation: Revenue rose from $3.0B in 2017 to $3.9B in 2026, a change of +31.2% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 33.7% to 28.2%, a shift of -5.5 percentage points; the most recent year shows net profit of $715.0M.

Income Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Revenue$3.0B$3.2B$3.3B$3.4B$3.5B$3.9B$4.2B$4.2B$4.0B$3.9B
Operating Expenses$2.0B$2.2B$2.2B$2.3B$2.3B$2.7B$3.1B$3.0B$2.8B$2.8B
Operating Profit$1.0B$1.0B$1.1B$1.1B$1.2B$1.2B$1.1B$1.1B$1.2B$1.1B
Operating Margin33.7%32.3%34.4%32.4%33.7%30.6%26.7%27.4%29.4%28.2%
Other Income$-77.0M$-71.0M$-102.0M$-82.0M$-85.0M$-90.0M$-110.0M$151.0M$-86.0M$-224.0M
Interest$59.0M$68.0M$88.0M$82.0M$81.0M$82.0M$90.0M$127.0M$122.0M$89.0M
Depreciation$58.0M$64.0M$72.0M$74.0M$77.0M$79.0M$80.0M$87.0M$87.0M$0
Profit Before Tax$933.0M$977.0M$1.0B$1.0B$1.1B$1.1B$1.0B$1.3B$1.1B$885.0M
Tax$28.3M$26.6M$19.9M$18.0M$16.5M$24.8M$23.0M$21.1M$19.6M$19.2M
Net Profit$669.0M$717.0M$835.0M$827.0M$903.0M$838.0M$783.0M$1.0B$869.0M$715.0M
EPS$1.37$1.48$1.73$1.72$1.88$1.74$1.63$2.15$1.84$1.53
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$1.0B$1.1B$1.1B$964.0M$951.0M$1.1B$1.0B$894.0M$924.0M$1.0B$1.1B$912.0M
Operating Expenses$711.0M$768.0M$696.0M$589.0M$670.0M$754.0M$724.0M$662.0M$652.0M$727.0M$713.0M$696.0M
Operating Profit$327.0M$339.0M$373.0M$375.0M$281.0M$341.0M$311.0M$232.0M$272.0M$309.0M$343.0M$216.0M
Operating Margin31.5%30.6%34.9%38.9%29.6%31.1%30.1%25.9%29.4%29.8%32.5%23.7%
Interest$29.0M$31.0M$33.0M$34.0M$32.0M$32.0M$31.0M$27.0M$25.0M$26.0M$26.0M$23.0M
Profit Before Tax$299.0M$310.0M$342.0M$347.0M$253.0M$313.0M$332.0M$183.0M$220.0M$279.0M$315.0M$71.0M
Tax$22.7M$21.9M$16.7M$23.3M$22.9M$17.6M$18.7M$20.2M$22.7M$19.7M$15.2M$23.9M
Net Profit$231.0M$242.0M$285.0M$266.0M$195.0M$258.0M$270.0M$146.0M$170.0M$224.0M$267.0M$54.0M
EPS$0.48$0.50$0.60$0.56$0.41$0.55$0.57$0.31$0.36$0.47$0.56$0.12

Over the 10 years reported for Brown-Forman Corporation, borrowings increased from $2.1B in 2017 to $2.2B in 2026, cash stood at $308.0M in the latest year, shareholders' equity was $72.0M, current assets covered current liabilities 3.24 times.

Balance Sheet — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Total Assets$4.6B$5.0B$5.1B$5.8B$6.5B$6.4B$7.8B$8.2B$8.1B$7.9B
Current Assets$2.4B$2.6B$2.7B$3.3B$3.9B$3.8B$3.8B$4.0B$4.2B$4.0B
Cash$182.0M$239.0M$307.0M$675.0M$1.1B$868.0M$374.0M$446.0M$444.0M$308.0M
Inventory$1.3B$1.4B$1.5B$1.7B$1.8B$1.8B$2.3B$2.6B$2.5B$2.5B
Receivables$557.0M$639.0M$609.0M$570.0M$753.0M$813.0M$855.0M$769.0M$830.0M$832.0M
Fixed Assets$713.0M$780.0M$816.0M$848.0M$832.0M$875.0M$1.0B$1.1B$1.1B$1.1B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$19.0M$3.0M$270.0M$3.0M$0
Other Assets$753.0M$763.0M$753.0M$756.0M$779.0M$761.0M$1.5B$1.5B$1.5B$1.5B
Total Liabilities$3.3B$3.7B$3.5B$3.8B$3.9B$3.6B$4.5B$4.6B$4.1B$3.9B
Current Liabilities$970.0M$821.0M$703.0M$881.0M$918.0M$1.0B$1.1B$1.6B$1.1B$1.2B
Borrowings$2.1B$2.6B$2.5B$2.6B$2.6B$2.3B$2.9B$3.1B$2.7B$2.2B
Other Liabilities$1.1B$1.1B$999.0M$1.2B$1.3B$1.4B$1.6B$1.5B$1.4B$1.7B
Equity$68.0M$72.0M$72.0M$72.0M$72.0M$72.0M$72.0M$72.0M$72.0M$72.0M
Reserves$1.4B$1.3B$1.6B$2.0B$2.7B$2.7B$3.3B$3.5B$4.0B$4.0B

For Brown-Forman Corporation, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $893.0M; free cash flow was positive in 10 of 10 years; financing activities used $403.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Operating Cash Flow$639.0M$632.0M$800.0M$724.0M$817.0M$936.0M$640.0M$647.0M$598.0M$1.0B
Investing Cash Flow$-534.0M$-255.0M$-238.0M$-254.0M$36.0M$-265.0M$-1.5B$-179.0M$82.0M$-178.0M
Financing Cash Flow$-728.0M$-35.0M$-218.0M$-44.0M$-21.0M$-11.0M$-15.0M$-406.0M$-6.0M$-403.0M
Net Cash Flow$-81.0M$57.0M$68.0M$368.0M$475.0M$-282.0M$-484.0M$72.0M$7.0M$-155.0M
Free Cash Flow$527.0M$505.0M$681.0M$611.0M$755.0M$798.0M$457.0M$419.0M$431.0M$893.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.99
EV / EBITDA13.34
FCF Yield7.32%
Quick Ratio1.18
Interest Coverage11.40
Return 1Y-0.27%
Return 3Y-49.58%
Return 5Y-56.38%

Brown-Forman Corporation (BF-B) financials — frequently asked questions

What is Brown-Forman Corporation's annual revenue?

Brown-Forman Corporation (BF-B) reported annual revenue of $3.9B in its most recent fiscal year.

What is Brown-Forman Corporation's net profit?

Brown-Forman Corporation (BF-B) reported net profit of $715.0M in its most recent fiscal year.

What is BF-B EV/EBITDA?

Brown-Forman Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is 13.34.

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