BF-A
Brown-Forman Corporation
NYSE: BF-A · CONSUMER DEFENSIVE · BEVERAGES - WINERIES & DISTILLERIES
$26.28
+3.46% today
Updated 2026-04-30
Market cap
$13.26B
P/E ratio
16.80
P/S ratio
3.39x
EPS (TTM)
$1.72
Dividend yield
3.15%
52W range
$23 – $35
Volume
0.3M
Brown-Forman Corporation (BF-A) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.98B | $2.22B | $2.58B | $2.48B | $2.47B | $2.59B | $2.72B | $2.85B | $2.99B | $3.13B | $3.09B | $2.99B | $3.25B | $3.32B | $3.36B | $3.46B | $3.93B | $4.23B | $4.18B | $3.98B |
| Revenue growth (YoY) | — | +12.2% | +16.4% | -3.9% | -0.5% | +4.8% | +5.3% | +4.6% | +5.0% | +4.8% | -1.4% | -3.1% | +8.5% | +2.3% | +1.2% | +2.9% | +13.6% | +7.5% | -1.2% | -4.9% |
| Cost of revenue | $655.00M | $737.00M | $887.00M | $904.00M | $857.60M | $862.10M | $928.40M | $894.00M | $913.00M | $951.00M | $945.00M | $973.00M | $1.05B | $1.16B | $1.24B | $1.37B | $1.54B | $1.73B | $1.65B | $1.63B |
| Gross profit | $1.32B | $1.48B | $1.70B | $1.58B | $1.61B | $1.72B | $1.79B | $1.96B | $2.08B | $2.18B | $2.14B | $2.02B | $2.20B | $2.17B | $2.13B | $2.09B | $2.39B | $2.49B | $2.53B | $2.34B |
| Gross margin | 66.9% | 66.8% | 65.6% | 63.6% | 65.3% | 66.7% | 65.9% | 68.6% | 69.5% | 69.7% | 69.4% | 67.5% | 67.8% | 65.2% | 63.2% | 60.5% | 60.8% | 59.0% | 60.5% | 58.9% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $480.00M | $537.00M | $592.00M | $548.00M | $539.50M | $574.00M | $609.10M | $650.00M | $686.00M | $697.00M | $688.00M | $667.00M | $765.00M | $641.00M | $642.00M | $671.00M | $690.00M | $742.00M | $826.00M | $744.00M |
| Operating income | $563.00M | $602.00M | $685.00M | $661.00M | $710.00M | $855.00M | $788.00M | $898.00M | $971.00M | $1.03B | $1.53B | $989.00M | $1.04B | $1.14B | $1.09B | $1.17B | $1.20B | $1.13B | $1.41B | $1.11B |
| Operating margin | 28.5% | 27.1% | 26.5% | 26.6% | 28.8% | 33.1% | 28.9% | 31.5% | 32.5% | 32.8% | 49.6% | 33.0% | 32.0% | 34.4% | 32.4% | 33.7% | 30.6% | 26.7% | 33.8% | 27.8% |
| EBITDA | $605.00M | $646.00M | $745.00M | $722.00M | $772.00M | $914.00M | $840.00M | $949.00M | $1.02B | $1.08B | $1.59B | $1.05B | $1.10B | $1.20B | $1.17B | $1.24B | $1.27B | $1.19B | $1.51B | $1.29B |
| EBITDA margin | 30.6% | 29.1% | 28.9% | 29.1% | 31.3% | 35.3% | 30.8% | 33.3% | 34.1% | 34.4% | 51.5% | 35.0% | 34.0% | 36.2% | 34.6% | 35.8% | 32.4% | 28.1% | 36.2% | 32.5% |
| EBIT | $561.00M | $602.00M | $693.00M | $667.00M | $767.00M | $908.90M | $836.50M | $898.00M | $971.00M | $1.03B | $1.53B | $989.00M | $1.04B | $1.13B | $1.09B | $1.16B | $1.20B | $1.11B | $1.43B | $1.20B |
| Interest expense | $0.00 | $0.00 | $49.00M | $37.00M | $28.00M | $29.00M | $31.00M | $33.00M | $24.00M | $25.00M | $46.00M | $56.00M | $62.00M | $88.00M | $82.00M | $81.00M | $82.00M | $90.00M | $127.00M | $122.00M |
| Income tax | $164.00M | $186.00M | $204.00M | $195.00M | $232.80M | $257.00M | $246.90M | $274.00M | $288.00M | $318.00M | $422.00M | $264.00M | $260.00M | $207.00M | $182.00M | $178.00M | $276.00M | $234.00M | $274.00M | $212.00M |
| Effective tax rate | 33.9% | 32.3% | 31.7% | 31.0% | 34.1% | 31.0% | 32.5% | 31.7% | 30.4% | 31.7% | 28.3% | 28.3% | 26.6% | 19.9% | 18.0% | 16.5% | 24.8% | 23.0% | 21.1% | 19.6% |
| Net income | $320.00M | $389.00M | $440.00M | $435.00M | $449.20M | $571.60M | $513.20M | $591.00M | $659.00M | $684.00M | $1.07B | $669.00M | $717.00M | $835.00M | $827.00M | $903.00M | $838.00M | $783.00M | $1.02B | $869.00M |
| Net income growth (YoY) | — | +21.6% | +13.1% | -1.1% | +3.3% | +27.2% | -10.2% | +15.2% | +11.5% | +3.8% | +56.0% | -37.3% | +7.2% | +16.5% | -1.0% | +9.2% | -7.2% | -6.6% | +30.8% | -15.1% |
| Profit margin | 16.2% | 17.5% | 17.0% | 17.5% | 18.2% | 22.1% | 18.8% | 20.7% | 22.0% | 21.8% | 34.5% | 22.3% | 22.1% | 25.1% | 24.6% | 26.1% | 21.3% | 18.5% | 24.5% | 21.9% |