Pulling SEC filings + quote and writing the call…

BROWN FORMAN CORP
Next earnings Aug 26, 2026 · consensus $0.38 EPS, $935M rev
Last earnings +2.8% on 2026-06-04
Premium Jack Daniel's franchise with elite margins, but revenue and earnings keep sliding in the spirits slump.
Sources: SEC EDGAR (CIK 0000014693, latest 10-K filed 2026-06-12) · EODHD · analysis by claude-code · as of 6/21/2026, 8:46:54 PM.
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Middling fundamentals and a rich price (~51% above fair value) leave little margin of safety — a wait-and-see.
Brown-Forman owns one of the most valuable spirits franchises in the world (Jack Daniel's, Woodford Reserve), and its quality shows in the margin structure: 60.5% gross margin, 25.5% operating margin and a 17.8% return on equity in FY2026 (year ended April 30, 2026). The balance sheet is sound, with $4.02B of equity against modest leverage (0.96x liabilities/equity) and long-term debt cut 14.0% to $2.08B. Operating cash flow surged 67.2% to $1.00B, comfortably funding the $427M dividend (+1.7%) and $400M of buybacks.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| 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.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
| 2026-05-27 | Masick Michael Andrew EVP/Pres., Americas | Award | 611.00 | |
| 2026-05-27 | Masick Michael Andrew EVP/Pres., Americas | Tax | 276.00 @ $25.94 | $7.16K |
| 2026-05-27 | Carr Michael E Jr EVP, General Counsel,Secretary | Award | 611.00 | |
| 2026-05-27 | Carr Michael E Jr EVP, General Counsel,Secretary | Tax | 245.00 @ $25.94 | $6.36K |
| 2026-05-27 | Graven Christina M EVP, Chief Strategy | Award | 1.35K | |
| 2026-05-27 | Graven Christina M EVP, Chief Strategy | Tax | 607.00 @ $25.94 | $15.7K |
| 2026-05-27 | Nguyen Diane F EVP, Chief Ppl & Comm | Award | 1.35K | |
| 2026-05-27 | Nguyen Diane F EVP, Chief Ppl & Comm | Tax | 597.00 @ $25.94 | $15.5K |
| 2026-05-27 | Farrer Marshall Director | Award | 4.52K | |
| 2026-05-27 | Farrer Marshall Director | Tax | 2.18K @ $26.72 | $58.1K |
| 2026-05-27 | Pafilis Yiannis EVP, Pres., EU, Africa, Asia | Award | 272.00 | |
| 2026-05-27 | Pafilis Yiannis EVP, Pres., EU, Africa, Asia | Tax | 95.00 @ $26.72 | $2.54K |
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.