Brown–Forman (BF.B): financials, SEC filings and peers
Brown–Forman (BF.B) is a distillers & vintners company in the Consumer Staples sector of the S&P 500, headquartered in Louisville, Kentucky.
It was founded in 1870 and joined the S&P 500 on October 31, 1982.
Its fiscal year ends in April, and its shares trade on the NYSE.
In its SEC filings it is classified as “Beverages”.
Brown–Forman at a glance
- Revenue (12 months)
- $3.9B
- Revenue growth
- -0.8%
- Operating margin
- 25.4%
- Net income (12 months)
- $721M
- Free cash flow (12 months)
- $925M
- Cash
- $301M
- Debt
- $2.4B
- Diluted EPS (12 months)
- $1.55
Twelve months to July 31, 2026, from the 10-Q filed September 2, 2026.
Latest twelve months
Over the twelve months to July 31, 2026, Brown–Forman reported revenue of $3.9 billion, about the same as a year earlier (-0.8%).
Its operating margin was 25.4%, down 2.1 percentage points from a year earlier: for every $100 of sales, about $25 was left as operating profit.
Net income was $721 million (18.4% of revenue), 14.6% lower than a year earlier.
Operating cash flow was $1.0 billion and capital spending $88 million, leaving free cash flow of $925 million (23.6% of revenue).
At the end of the period it held $301 million in cash and $2.4 billion in debt, a net debt position of $2.1 billion.
The diluted share count fell 2.8% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $3.5 billion in fiscal 2021 to $3.9 billion in fiscal 2026, about 2.6% a year.
- Operating margin narrowed from 33.7% to 25.5% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $3.9B | $4.2B | $4.2B | $4.0B | $3.9B |
| Revenue growth | 13.6% | 7.5% | -1.2% | -4.9% | -1.2% |
| Operating margin | 30.6% | 26.7% | 33.8% | 27.8% | 25.5% |
| Net income | $838M | $783M | $1.0B | $869M | $715M |
| Free cash flow | $798M | $457M | $419M | $431M | $893M |
| Diluted EPS | $1.74 | $1.63 | $2.14 | $1.84 | $1.53 |
Fiscal years as reported in Brown–Forman’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 21, 2026 — Material agreement; New debt obligation
- 10-Q filed September 2, 2026 — quarterly report
- 8-K filed September 2, 2026 — Earnings results
- 8-K filed July 23, 2026 — Shareholder vote results; Regulation FD disclosure
- 8-K filed July 13, 2026 — Executive or director change; Regulation FD disclosure
- 10-K filed June 12, 2026 — annual report
- 8-K filed June 4, 2026 — Earnings results
- 8-K filed April 28, 2026 — Regulation FD disclosure
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Questions about Brown–Forman
Is Brown–Forman's revenue growing?
No. Revenue for the twelve months to July 31, 2026 was $3.9 billion, down 0.8% from a year earlier, according to its SEC filings.
Is Brown–Forman profitable?
Yes. It earned $721 million in net income over the twelve months to July 31, 2026, a net margin of 18.4%.
Does Brown–Forman have more cash or more debt?
At July 31, 2026 it had $301 million in cash and $2.4 billion in debt, so more debt than cash.
When did Brown–Forman last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on September 2, 2026.
Which companies are similar to Brown–Forman?
In the S&P 500, Brown–Forman is grouped in Distillers & Vintners within the Consumer Staples sector. Constellation Brands (STZ) are in the same group.
Understand the numbers
Source: Brown–Forman’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.