BF-B Chart
About

Brown-Forman Corporation, together with its subsidiaries, manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages. It 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, 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, France, Mexico, Poland, Brazil, Türkiye, and internationally. Brown-Forman Corporation was founded in 1870 and is headquartered in Louisville, Kentucky.

Fundamentals
Scroll to Statements
Sector Consumer Defensive Industry Beverages - Wineries & D Market Cap 11.65B
Enterprise Value 13.77B Income 807.00M Sales 3.91B
Book/sh 8.90 Cash/sh 0.83 Dividend Yield 3.68%
Payout 52.94% Employees 5000 IPO
P/E 14.77 Forward P/E 14.96 PEG
P/S 2.98 P/B 2.85 P/C
EV/EBITDA 11.34 EV/Sales 3.52 Quick Ratio 0.89
Current Ratio 2.77 Debt/Eq 67.25 LT Debt/Eq
EPS (ttm) 1.72 EPS next Y 1.70 EPS Growth 1.30%
Revenue Growth 2.00% Earnings 2026-06-04 ROA 8.60%
ROE 20.42% ROIC Gross Margin 59.34%
Oper. Margin 31.91% Profit Margin 20.64% Shs Outstand 290.26M
Shs Float 322.78M Short Float 16.56% Short Ratio 9.62
Short Interest 52W High 37.96 52W Low 24.23
Beta 0.40 Avg Volume 5.43M Volume 4.44M
Target Price $28.61 Recom Hold Prev Close $24.88
Price $25.40 Change 2.09%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$28.61
Mean price target
2. Current target
$25.40
Latest analyst target
3. DCF / Fair value
$37.50
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$25.40
Low
$22.00
High
$37.00
Mean
$28.61

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-09 down Bernstein Outperform → Market Perform $29
2026-03-06 main Barclays Overweight → Overweight $30
2026-03-05 main Evercore ISI Group In-Line → In-Line $30
2026-02-26 main UBS Neutral → Neutral $30
2026-02-26 main Barclays Overweight → Overweight $33
2026-01-14 main Citigroup Sell → Sell $24
2025-12-17 down Citigroup Neutral → Sell $27
2025-12-05 main Evercore ISI Group In-Line → In-Line $32
2025-12-05 main JP Morgan Underweight → Underweight $28
2025-11-28 main Barclays Overweight → Overweight $31
2025-10-16 reit Needham Hold → Hold
2025-10-07 main Barclays Overweight → Overweight $30
2025-09-02 main JP Morgan Underweight → Underweight $29
2025-09-02 main Barclays Overweight → Overweight $32
2025-08-29 main UBS Neutral → Neutral $32
2025-08-29 reit Needham Hold → Hold
2025-08-26 reit Needham Hold → Hold
2025-08-22 main UBS Neutral → Neutral $33
2025-08-22 main Barclays Overweight → Overweight $33
2025-08-13 main Citigroup Neutral → Neutral $31
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 4785 148335 Sale at price 31.00 per share. WHITING LAWSON E Chief Executive Officer 2025-12-04 00:00:00 D
1 2720 Stock Gift at price 0.00 per share. FARRER MARSHALL B Director 2025-10-08 00:00:00 D
2 23641 732871 Sale at price 31.00 per share. WHITING LAWSON E Chief Executive Officer 2025-07-23 00:00:00 D
3 390000 Stock Gift at price 0.00 per share. BROWN CAMPBELL P Director 2025-07-09 00:00:00 D
4 286 Stock Award(Grant) at price 0.00 per share. MASICK MICHAEL ANDREW Officer 2025-06-02 00:00:00 D
5 164 Stock Award(Grant) at price 0.00 per share. PAFILIS YIANNIS Officer 2025-06-02 00:00:00 D
6 225 Stock Award(Grant) at price 0.00 per share. CARR MICHAEL E JR General Counsel 2025-06-02 00:00:00 D
7 552 Stock Award(Grant) at price 0.00 per share. NGUYEN DIANE F Officer 2025-06-02 00:00:00 D
8 552 Stock Award(Grant) at price 0.00 per share. GRAVEN CHRISTINA M Officer 2025-06-02 00:00:00 D
9 114 Stock Award(Grant) at price 0.00 per share. ENYARD ANGELA S. Officer 2025-06-02 00:00:00 D
Financials
Line Item2025-04-302024-04-302023-04-302022-04-30
TaxEffectOfUnusualItems-11.76M56.60M0.000.00
TaxRateForCalcs0.200.210.230.25
NormalizedEBITDA1.35B1.25B1.19B1.27B
TotalUnusualItems-60.00M267.00M0.000.00
TotalUnusualItemsExcludingGoodwill-60.00M267.00M0.000.00
NetIncomeFromContinuingOperationNetMinorityInterest869.00M1.02B783.00M838.00M
ReconciledDepreciation87.00M87.00M80.00M79.00M
ReconciledCostOfRevenue1.63B1.65B1.73B1.54B
EBITDA1.29B1.51B1.19B1.27B
EBIT1.20B1.43B1.11B1.20B
NetInterestIncome-105.00M-113.00M-81.00M-77.00M
InterestExpense122.00M127.00M90.00M82.00M
InterestIncome17.00M14.00M9.00M5.00M
NormalizedIncome917.24M813.60M783.00M838.00M
NetIncomeFromContinuingAndDiscontinuedOperation869.00M1.02B783.00M838.00M
TotalExpenses2.81B3.03B3.10B2.73B
TotalOperatingIncomeAsReported1.11B1.41B1.13B1.20B
DilutedAverageShares472.95M477.22M480.46M480.56M
BasicAverageShares472.65M476.39M479.15M478.88M
DilutedEPS1.842.141.631.74
BasicEPS1.842.151.631.75
DilutedNIAvailtoComStockholders869.00M1.02B783.00M838.00M
NetIncomeCommonStockholders869.00M1.02B783.00M838.00M
NetIncome869.00M1.02B783.00M838.00M
NetIncomeIncludingNoncontrollingInterests869.00M1.02B783.00M838.00M
NetIncomeContinuousOperations869.00M1.02B783.00M838.00M
TaxProvision212.00M274.00M234.00M276.00M
PretaxIncome1.08B1.30B1.02B1.11B
OtherIncomeExpense19.00M264.00M-29.00M-13.00M
OtherNonOperatingIncomeExpenses-4.00M-3.00M-29.00M-13.00M
SpecialIncomeCharges-60.00M267.00M0.000.00
GainOnSaleOfBusiness0.00267.00M0.000.00
ImpairmentOfCapitalAssets2.00M
RestructuringAndMergernAcquisition58.00M0.000.00
EarningsFromEquityInterest83.00M0.000.00
NetNonOperatingInterestIncomeExpense-105.00M-113.00M-81.00M-77.00M
InterestExpenseNonOperating122.00M127.00M90.00M82.00M
InterestIncomeNonOperating17.00M14.00M9.00M5.00M
OperatingIncome1.17B1.15B1.13B1.20B
OperatingExpense1.18B1.38B1.37B1.19B
OtherOperatingExpenses-52.00M24.00M119.00M59.00M
SellingGeneralAndAdministration1.23B1.35B1.25B1.13B
SellingAndMarketingExpense484.00M529.00M506.00M438.00M
GeneralAndAdministrativeExpense744.00M826.00M742.00M690.00M
OtherGandA744.00M826.00M742.00M690.00M
GrossProfit2.34B2.53B2.49B2.39B
CostOfRevenue1.63B1.65B1.73B1.54B
TotalRevenue3.98B4.18B4.23B3.93B
ExciseTaxes1.08B1.15B1.14B1.15B
OperatingRevenue5.06B5.33B5.37B5.08B
Line Item2025-04-302024-04-302023-04-302022-04-30
TreasurySharesNumber12.76M11.93M5.22M5.51M
OrdinarySharesNumber471.78M472.60M479.32M479.02M
ShareIssued484.53M484.53M484.53M484.53M
NetDebt2.29B2.65B2.54B1.40B
TotalDebt2.73B3.10B2.91B2.27B
TangibleBookValue1.51B1.07B647.00M1.39B
InvestedCapital6.73B6.62B6.18B5.01B
WorkingCapital3.12B2.48B2.72B2.74B
NetTangibleAssets1.51B1.07B647.00M1.39B
CommonStockEquity3.99B3.52B3.27B2.74B
TotalCapitalization6.41B5.89B5.95B4.76B
TotalEquityGrossMinorityInterest3.99B3.52B3.27B2.74B
StockholdersEquity3.99B3.52B3.27B2.74B
GainsLossesNotAffectingRetainedEarnings-220.00M-221.00M-235.00M-352.00M
OtherEquityAdjustments-220.00M-221.00M-235.00M-352.00M
TreasuryStock605.00M608.00M213.00M225.00M
RetainedEarnings4.71B4.26B3.64B3.24B
AdditionalPaidInCapital36.00M13.00M1.00M0.00
CapitalStock72.00M72.00M72.00M72.00M
CommonStock72.00M72.00M72.00M72.00M
TotalLiabilitiesNetMinorityInterest4.09B4.65B4.51B3.64B
TotalNonCurrentLiabilitiesNetMinorityInterest3.01B3.09B3.42B2.60B
OtherNonCurrentLiabilities187.00M243.00M253.00M181.00M
EmployeeBenefits164.00M160.00M171.00M183.00M
NonCurrentPensionAndOtherPostretirementBenefitPlans164.00M160.00M171.00M183.00M
NonCurrentDeferredLiabilities241.00M315.00M323.00M219.00M
NonCurrentDeferredTaxesLiabilities241.00M315.00M323.00M219.00M
LongTermDebtAndCapitalLeaseObligation2.42B2.37B2.68B2.02B
LongTermDebt2.42B2.37B2.68B2.02B
CurrentLiabilities1.08B1.56B1.08B1.03B
CurrentDebtAndCapitalLeaseObligation312.00M728.00M235.00M250.00M
CurrentDebt312.00M728.00M235.00M250.00M
OtherCurrentBorrowings300.00M250.00M
CommercialPaper312.00M428.00M235.00M0.00
PensionandOtherPostRetirementBenefitPlansCurrent86.00M105.00M106.00M99.00M
PayablesAndAccruedExpenses682.00M726.00M743.00M685.00M
CurrentAccruedExpenses345.00M354.00M337.00M312.00M
Payables337.00M372.00M406.00M373.00M
TotalTaxPayable94.00M105.00M98.00M155.00M
IncomeTaxPayable27.00M38.00M22.00M81.00M
AccountsPayable243.00M267.00M308.00M218.00M
TotalAssets8.09B8.17B7.78B6.37B
TotalNonCurrentAssets3.89B4.13B3.98B2.60B
OtherNonCurrentAssets260.00M272.00M255.00M301.00M
NonCurrentDeferredAssets47.00M69.00M66.00M74.00M
NonCurrentDeferredTaxesAssets47.00M69.00M66.00M74.00M
InvestmentsAndAdvances3.00M270.00M3.00M
LongTermEquityInvestment3.00M270.00M3.00M
GoodwillAndOtherIntangibleAssets2.49B2.44B2.62B1.35B
OtherIntangibleAssets981.00M990.00M1.16B586.00M
Goodwill1.50B1.46B1.46B761.00M
NetPPE1.09B1.07B1.03B875.00M
AccumulatedDepreciation-844.00M-866.00M-889.00M-849.00M
GrossPPE1.94B1.94B1.92B1.72B
ConstructionInProgress180.00M181.00M217.00M129.00M
OtherProperties869.00M928.00M889.00M849.00M
MachineryFurnitureEquipment849.00M833.00M
BuildingsAndImprovements841.00M782.00M717.00M660.00M
LandAndImprovements49.00M49.00M97.00M86.00M
Properties0.000.000.000.00
CurrentAssets4.20B4.04B3.80B3.78B
OtherCurrentAssets289.00M265.00M167.00M122.00M
AssetsHeldForSaleCurrent121.00M0.00
PrepaidAssets100.00M122.00M155.00M170.00M
Inventory2.51B2.56B2.28B1.82B
FinishedGoods2.04B1.94B1.77B1.47B
WorkInProcess378.00M396.00M321.00M225.00M
RawMaterials90.00M218.00M191.00M126.00M
Receivables830.00M769.00M855.00M813.00M
AccountsReceivable830.00M769.00M855.00M813.00M
AllowanceForDoubtfulAccountsReceivable-7.00M-8.00M-7.00M-13.00M
GrossAccountsReceivable837.00M777.00M862.00M826.00M
CashCashEquivalentsAndShortTermInvestments444.00M446.00M374.00M868.00M
CashAndCashEquivalents444.00M446.00M374.00M868.00M
Line Item2025-04-302024-04-302023-04-302022-04-30
FreeCashFlow431.00M419.00M457.00M798.00M
RepurchaseOfCapitalStock0.00-400.00M0.000.00
RepaymentOfDebt-417.00M0.00-850.00M-196.00M
IssuanceOfDebt0.00192.00M1.48B0.00
CapitalExpenditure-167.00M-228.00M-183.00M-138.00M
InterestPaidSupplementalData119.00M125.00M85.00M80.00M
IncomeTaxPaidSupplementalData303.00M242.00M278.00M226.00M
EndCashPosition444.00M446.00M374.00M868.00M
OtherCashAdjustmentOutsideChangeinCash-19.00M-10.00M-10.00M-6.00M
BeginningCashPosition456.00M384.00M874.00M1.15B
EffectOfExchangeRateChanges3.00M-6.00M-14.00M-47.00M
ChangesInCash4.00M78.00M-476.00M-229.00M
FinancingCashFlow-843.00M-618.00M239.00M-1.04B
CashFlowFromContinuingFinancingActivities-843.00M-618.00M239.00M-1.04B
NetOtherFinancingCharges-6.00M-6.00M-15.00M-11.00M
CashDividendsPaid-420.00M-404.00M-378.00M-831.00M
CommonStockDividendPaid-420.00M-404.00M-378.00M-831.00M
NetCommonStockIssuance0.00-400.00M0.000.00
CommonStockPayments0.00-400.00M0.000.00
NetIssuancePaymentsOfDebt-417.00M192.00M632.00M-196.00M
NetShortTermDebtIssuance-117.00M192.00M234.00M-196.00M
ShortTermDebtPayments-117.00M0.00-600.00M-196.00M
ShortTermDebtIssuance0.00192.00M834.00M0.00
NetLongTermDebtIssuance-300.00M0.00398.00M0.00
LongTermDebtPayments-300.00M0.00-250.00M0.00
LongTermDebtIssuance0.000.00648.00M0.00
InvestingCashFlow249.00M49.00M-1.35B-127.00M
CashFlowFromContinuingInvestingActivities249.00M49.00M-1.35B-127.00M
NetOtherInvestingChanges66.00M31.00M23.00M11.00M
NetBusinessPurchaseAndSale350.00M246.00M-1.20B0.00
SaleOfBusiness350.00M246.00M0.000.00
PurchaseOfBusiness0.000.00-1.20B0.00
NetIntangiblesPurchaseAndSale-3.00M
PurchaseOfIntangibles-3.00M
NetPPEPurchaseAndSale-167.00M-228.00M-183.00M-138.00M
PurchaseOfPPE-167.00M-228.00M-183.00M-138.00M
CapitalExpenditureReported-3.00M
OperatingCashFlow598.00M647.00M640.00M936.00M
CashFlowFromContinuingOperatingActivities598.00M647.00M640.00M936.00M
ChangeInWorkingCapital-253.00M-263.00M-352.00M-77.00M
ChangeInOtherWorkingCapital-41.00M-11.00M48.00M-6.00M
ChangeInOtherCurrentAssets-25.00M23.00M4.00M15.00M
ChangeInPayablesAndAccruedExpense-53.00M-14.00M20.00M84.00M
ChangeInPayable-53.00M-14.00M20.00M84.00M
ChangeInAccountPayable-40.00M-31.00M77.00M37.00M
ChangeInTaxPayable-13.00M17.00M-57.00M47.00M
ChangeInIncomeTaxPayable-13.00M17.00M-57.00M47.00M
ChangeInInventory-64.00M-349.00M-403.00M-93.00M
ChangeInReceivables-70.00M88.00M-21.00M-77.00M
ChangesInAccountReceivables-70.00M88.00M-21.00M-77.00M
OtherNonCashItems-60.00M16.00M18.00M31.00M
StockBasedCompensation28.00M25.00M18.00M15.00M
AssetImpairmentCharge49.00M7.00M96.00M61.00M
DeferredTax-39.00M18.00M-3.00M-11.00M
DeferredIncomeTax-39.00M18.00M-3.00M-11.00M
DepreciationAmortizationDepletion87.00M87.00M80.00M79.00M
DepreciationAndAmortization87.00M87.00M80.00M79.00M
OperatingGainsLosses-83.00M-267.00M-127.00M
EarningsLossesFromEquityInvestments-83.00M0.000.00
GainLossOnSaleOfBusiness0.00-267.00M0.000.00
NetIncomeFromContinuingOperations869.00M1.02B783.00M838.00M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for BF-B
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status