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BF-B · NYSE · United States · Beverages
In shortBROWN FORMAN CORP is profitable, generates cash and carries moderate debt, with revenue stable (+0.5% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 19.7% | 82/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 14.1% | 76/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 17.8% | 89/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 12.5% | 84/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 3.24× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.61× | 77/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.95× | 59/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 9.72× | 78/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 6.30 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 17.6% | 90/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.25× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 6.7% | 86/100 |
| Operating margin volatility | 2.7% | 85/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -1.8% | 6/100 |
|---|---|---|
| EPS growth, 3-year average | -2.1% | 15/100 |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5,081 | 5,372 | 5,328 | 5,056 | 5,082 |
| Cost of revenue | 1,542 | 1,734 | 1,652 | 1,632 | 1,550 |
| Gross profit | 2,391 | 2,494 | 2,526 | 2,343 | 2,378 |
| Selling, general & admin | 690 | 742 | 826 | 744 | 807 |
| Operating income | 1,204 | 1,127 | 1,414 | 1,107 | 1,001 |
| Interest expense | 82 | 90 | 127 | 122 | 103 |
| Pre-tax income | 1,114 | 1,017 | 1,298 | 1,081 | 885 |
| Income tax | 276 | 234 | 274 | 212 | 170 |
| Net income | 838 | 783 | 1,024 | 869 | 715 |
| Diluted EPS | $1.74 | $1.63 | $2.14 | $1.84 | $1.53 |
| Diluted shares (millions) | 481 | 480 | 477 | 473 | 467 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
6.30 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jul 31, 2026 · Data updated Sep 2, 2026