BF-A
BROWN FORMAN CORP
Next earnings Aug 26, 2026 · consensus $0.38 EPS, $935M rev
Last earnings +3.0% on 2026-06-04
$28.62
▲ +1.71%$28.62▲ +9.45%
over 1Y
L $23.00EODHDH $30.33
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.7%
1W+4.9%
1M+8.0%
3M+6.2%
YTD+11.1%
1Y+9.4%
Hold
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 21 analysts
Hold
Premium spirits franchise (Jack Daniel's) with 60% gross margins, but a multi-year revenue and earnings slide keeps it a hold.
P/E (price / FY diluted EPS) 17.4 · FY2026
The read
Middling fundamentals and a rich price (~52% above fair value) leave little margin of safety — a wait-and-see.
Brown-Forman is a high-quality, family-controlled spirits company whose economics remain enviable even as the top line stalls. FY2026 (ended April 30, 2026) revenue slipped 1.2% to $3.93B and net income fell 17.7% to $715M, with diluted EPS down 16.8% to $1.53. Yet the franchise quality is intact: a 60.5% gross margin, a 25.5% operating margin, and a 17.8% return on equity reflect the pricing power of Jack Daniel's and the broader premium portfolio. Operating cash flow jumped 67.2% to $1.00B as the company worked down inventory and cut capex 35.9% to $107M.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $3.93B | $4.23B | $4.18B | $3.98B | $3.93B |
| Gross profit | $2.39B | $2.49B | $2.53B | $2.34B | $2.38B |
| Operating income | $1.20B | $1.13B | $1.41B | $1.11B | $1.00B |
| Net income | $838M | $783M | $1.02B | $869M | $715M |
| Diluted EPS | $1.74 | $1.63 | $2.14 | $1.84 | $1.53 |
| Net margin | 21.3% | 18.5% | 24.5% | 21.9% | 18.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield—
FCF yield—
Quality & risk
ROIC (est.)12.3%
Free cash flow$893M
Total debt$2.43B
Net cash-$2.13B
Piotroski F-Score6/8
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗11-KPeriod ending 2026-06-242026-06-24open ↗11-KPeriod ending 2026-06-242026-06-24open ↗DEF 14APeriod ending 2026-07-232026-06-18open ↗ARSPeriod ending 2026-04-302026-06-18open ↗10-KPeriod ending 2026-04-302026-06-12open ↗8-KPeriod ending 2026-06-042026-06-04open ↗SCHEDULE 13D/AFiling2026-06-03open ↗4Period ending 2026-05-272026-05-29open ↗4Period ending 2026-05-272026-05-29open ↗4Period ending 2026-05-272026-05-29open ↗4Period ending 2026-05-272026-05-29open ↗4Period ending 2026-05-272026-05-29open ↗
Frequently asked
- Is BROWN FORMAN CORP (BF-A) a buy?
- BF-A currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Premium spirits franchise (Jack Daniel's) with 60% gross margins, but a multi-year revenue and earnings slide keeps it a hold.
- What is BF-A's fair value?
- A Modified-Graham model based on BF-A's SEC fundamentals estimates a fair value of about $13.66. It is an estimate from reported earnings, not a price target.
- Is BF-A overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, BF-A currently appears overvalued relative to its SEC-grounded earnings power.
- What is BROWN FORMAN CORP's quality score?
- BF-A scores 68.70588235294117/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000014693, latest 10-K filed 2026-06-12) · EODHD · analysis by claude-code · as of 6/21/2026, 8:47:49 PM.
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