Brown-Forman Corporation
Rank #223ValueBF-B · NYSE · Consumer Defensive
Brown-Forman Corporation (BF-B) — Rank #223 by gross profitability (GP/assets 0.30) · ROE 18.0% · Piotroski F-Score 7 / 9.
As-of 2026-09-15 · CIK 0000014693 · all metrics point-in-time as of the filing date.
About
Brown-Forman Corporation, together with its subsidiaries, manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.
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The company provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink cocktails, ready-to-pour products, vodkas, tequilas, gin, brandy, rum, bourbons, and liqueurs. The company offers its products primarily under the Jack Daniel's, Woodford Reserve, Old Forester, Gentleman Jack, Herradura, el Jimador, Fords Gin, The Glendronach, Chambord, Coopers' Craft, Diplomático, Benriach, Glenglassaugh, and Slane brands. It is also involved in the sale of used barrels, and bulk whiskey and wine; and provision of contract bottling services. The company serves retail customers and consumers through distributors and state governments; and retailers, wholesalers, and provincial governments directly. It operates in the United States, Germany, Australia, the United Kingdom, Canada, Spain, France, Mexico, Poland, Brazil, Türkiye, and internationally.
Brown-Forman Corporation was founded in 1870 and is headquartered in Louisville, Kentucky.
- Industry
- Beverages - Wineries & Distilleries
- Sector
- Consumer Defensive
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- April 30
- Website
- brown-forman.com
Price History
Company Snapshot
P/E and dividend yield are the primary valuation lenses for mature businesses.
Market Cap
$11.99B
P/E (annual)
17.1
P/S (annual)
3.1
P/B
3.0
P/OCF (annual)
12.0
Shareholder Yield
4.9%
Employees
4,900
Industry
Beverages - Wineries & Distilleries
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 3/5 Terry Smith thresholdsWhat Growth Is Priced In
Implied revenue growth (10Y)
2.5%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -1.3% — per-share value needs a total required return of 1.2% once share-count change is priced in.
vs. own 6-year median revenue growth: 0.9%
priced above its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-1.5%
r = 10% (base)
2.5%
r = 12%
5.9%
Net debt / market cap: 17.6%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Disclosure regression check
A previously-disclosed line item is no longer reported. Worth checking the filing for why.
Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).
Profitability
Gross profitability (GP / assets)
0.30
Primary signal (Novy-Marx).
4th of 18 SIC 20 peers
Return on equity
18.0%
Gross margin
60.5%
1st of 18 SIC 20 peers
Revenue growth (YoY)
-1.2%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
-2.4%
Revenue CAGR (5Y)
2.6%
Earnings CAGR (3Y)
-3.0%
FCF CAGR (3Y)
25.0%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.97
14th of 18 SIC 20 peers (best = lowest)
Current ratio
3.26×
8th of 18 SIC 20 peers
Quick ratio
0.93×
Net cash
-$2.14B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$893.00M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.25
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.8%
Stock-based comp intensity.
Dividend safety
Composite score
3.2 / 5
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).