Latest revenue
$1.06B
as of 2026-01-31
Latest net income
$267.0M
as of 2026-01-31
Net margin
25.3%
as of 2026-01-31
Price
Price history unavailable for BF.B.
Live market
delayed ≤15 min- Market cap
- $4.45B
- Enterprise value
- $6.82B
- P/E (trailing)
- 5.1×
- Forward P/E
- —
- P/B
- 1.09×
- Dividend yield
- —
- 52-wk high
- —
- 52-wk low
- —
- Beta
- —
- Shares out
- 170.0M
5-year trend
dashed bar = fiscal Q4 derived from 10-K annual − Q1 − Q2 − Q3 (SEC requires only three 10-Qs per year).
What this company does
Brown-Forman is a Louisville-based spirits maker whose portfolio centers on Jack Daniel's Tennessee Whiskey alongside Woodford Reserve, Old Forester, Herradura tequila, and other premium liquor brands. It earns revenue by producing, bottling, and distributing distilled spirits globally, with whiskey the dominant category as evidenced by $1.6 billion of barreled whiskey inventory. Sales are flat-to-declining year-over-year, and management is restructuring the asset base, having sold the Cooperage barrel-making facility and bought back $400 million in stock during the period.
Generated from BF.B's filing dated 2025-06-13
Key risks
- Earnings deterioration: 9M FY26 net income fell to $661M from $723M, with diluted EPS down 8% to $1.41 despite buybacks.
- Leverage rising: $356M long-term debt reclassified as current; total debt ~$2.75B against declining cash ($383M vs $444M) after $400M buybacks.
- LIFO reserve of $684M signals significant inventory cost inflation on $1.56B barreled whiskey, pressuring future margins as older stock depletes.
Generated from BF.B's filing dated 2025-06-13
Profitability
Gross margin
46.3%
2.3%Operating margin
21.9%
17.5%Net margin
17.2%
10.6%Return on equity
21.8%
25.3%Return on assets
10.7%
14.3%Leverage
Debt / equity
1.03×
22.5%Long-term debt / equity
0.61×
10.1%Debt / assets
50.6%
11.1%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-01-31 | $1.06B | +2.0% | $267.0M | -1.1% | 25.3% |
Q4 2025 2025-10-31 | $1.04B | -5.4% | $224.0M | -13.2% | 21.6% |
Q3 2025 2025-07-31 | $924.0M | -2.8% | $170.0M | -12.8% | 18.4% |
Q2 2025 2025-04-30 | $1.98B | -6.6% | $146.0M | -45.1% | 7.4% |
Q1 2025 2025-01-31 | $1.03B | -3.2% | $270.0M | -5.3% | 26.1% |
Q4 2024 2024-10-31 | $1.09B | -1.1% | $258.0M | +6.6% | 23.6% |
Q3 2024 2024-07-31 | $951.0M | -8.4% | $195.0M | -15.6% | 20.5% |
Q2 2024 2024-04-30 | $2.11B | — | $266.0M | — | 12.6% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Beverages · SIC 2080
Your notes
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Insider activity
No insider transactions on file for BF.B in the last 12 months.
Source: SEC Form 4 filings. Backfill runs nightly.
Who owns BF.B
No institutional holdings on file for BF.B yet.
Source: SEC Form 13F-HR. Updated quarterly (45-day filing lag).
Top questions investors are asking
- 1
Nine-month net sales fell to $3.02B from $3.08B—how much is tariff/Mexico/Canada exposure versus underlying Jack Daniel's volume erosion in core US markets?
- 2
You spent $400M on buybacks while operating cash flow was $709M and added $356M current debt—why prioritize repurchases over deleveraging now?
- 3
Barreled whiskey inventory sits at $1.56B against declining net sales—what's your write-down risk if American whiskey demand stays soft into FY27?
Refreshed when BF.B files a new report · last from 2025-06-13