Brown-Forman CorporationBF-A
NYSE•Consumer Defensive•Beverages - Wineries & Distilleries
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.
Brown Forman Inc (BF-A) reported trailing twelve months revenue of $5.04B as of January 2026, a 1.6% decline year-over-year. Quarterly revenue reached $1.40B, reflecting a contraction in sales.
Brown Forman Inc generated $807.00M in TTM net income, with quarterly EBITDA of $364.00M. The operating margin expanded from 20.8% to 24.4%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (24.4%) and net margin (19.1%) indicates moderate non-operating costs. Net margin has narrowed from 20.0% a year ago, reflecting increased costs or interest expense.
BF-A trades at a P/E of 15.9x (in line with broad market averages) and a P/S of 2.6x. The price-to-book ratio of 3.2x reflects a moderate premium to book value.
The company generated $392.00M in free cash flow over the trailing twelve months, a 44.1% increase year-over-year, indicating cash generation ability. The balance sheet shows $8.30B in total assets with $2.09B in long-term debt against $4.08B in stockholders equity for a debt-to-equity ratio of 0.5. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~23.4% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 24.1% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 12.9% — watch for continued compression, which may signal competitive or cost pressure.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.5 — conservative capital structure with low financial risk.
Revenue declined in 6 of the last 7 quarters — persistent contraction signals a fundamental problem.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 2.1% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation