Saturday 17 October 2026
Export BF.B’s income statement to Excel — free account
Brown-Forman Corporation
BF.B Consumer Defensive Beverages Wineries & Distilleries
Brown-Forman Corporation’s revenue for fiscal 2026 (year ended April 2026) was $3.9 billion, down 1.18% from fiscal 2025. In the quarter to July 2026, revenue fell 1.41%, EPS grew 5.56%, free cash flow was flat and total debt fell 9.63%, each against the same quarter a year earlier. Member of the S&P 500.
28.88
0.30
+1.05%
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| Apr '17 | Apr '18 | Apr '19 | Apr '20 | Apr '21 | Apr '22 | Apr '23 | Apr '24 | Apr '25 | Apr '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
3 | 5 | 6 | 4 | 4 | 6 | 2 | 6 | 4 | 7 |
P/E ratio |
27.38 | 37.76 | 30.63 | 35.95 | 40.36 | 37.33 | 40.06 | 22.36 | 18.93 | 16.84 |
Altman Z-Score |
6.46 | 6.67 | 6.85 | 7.06 | 8.03 | 7.80 | 6.25 | 5.12 | 4.64 | 4.08 |
P/S ratio |
6.13 | 8.29 | 7.68 | 8.84 | 10.55 | 7.95 | 7.40 | 5.46 | 4.14 | 3.06 |
Altman Z″-Score (non-manufacturers) |
7.02 | 5.21 | 5.98 | 6.06 | 6.56 | 6.54 | 5.55 | 5.65 | 6.37 | 6.30 |
P/FCF ratio |
33.94 | 51.37 | 37.59 | 49.12 | 48.54 | 39.40 | 69.06 | 54.93 | 34.45 | 13.03 |
P/Operating CF |
87.03 | 379.11 | 114.46 | 138.22 | 148.99 | 123.64 | 136.02 | 79.98 | 108.34 | 41.30 |
Beneish M-Score |
(2.57) | (2.35) | (2.45) | (2.45) | (2.11) | (2.45) | (2.16) | (2.40) | (2.25) | (2.69) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 64 |
P/B ratio |
13.40 | 20.45 | 15.50 | 15.05 | 13.74 | 11.43 | 9.57 | 6.48 | 4.12 | 2.99 |
Price to Tangible BV |
0.00 | 0.00 | 102.50 | 50.89 | 30.39 | 22.50 | 48.35 | 21.26 | 10.93 | 7.73 |
EV/Sales |
6.79 | 9.00 | 8.32 | 9.41 | 10.95 | 8.31 | 8.00 | 6.09 | 4.72 | 3.62 |
EV/EBITDA |
19.04 | 26.29 | 22.74 | 27.16 | 30.50 | 25.47 | 28.02 | 16.88 | 15.11 | 11.60 |
EV/Operating CF |
30.99 | 44.77 | 34.57 | 43.71 | 46.40 | 34.92 | 52.85 | 39.33 | 31.37 | 14.21 |
EV/FCF |
37.58 | 55.79 | 40.73 | 52.30 | 50.41 | 41.16 | 74.66 | 61.32 | 39.24 | 15.41 |
Quick Ratio |
0.76 | 1.07 | 1.30 | 1.41 | 2.07 | 1.63 | 1.13 | 0.78 | 1.18 | 0.93 |
Current Ratio |
2.42 | 3.11 | 3.87 | 3.71 | 4.27 | 3.65 | 3.51 | 2.59 | 3.88 | 3.24 |
Net Debt/EBITDA |
1.84 | 2.08 | 1.75 | 1.65 | 1.13 | 1.09 | 2.10 | 1.76 | 1.84 | 1.79 |
Debt/Assets |
46.46% | 51.37% | 47.48% | 45.13% | 39.24% | 35.60% | 37.46% | 37.96% | 33.80% | 31.69% |
Debt/Equity |
1.57 | 1.94 | 1.48 | 1.32 | 0.96 | 0.83 | 0.89 | 0.88 | 0.68 | 0.62 |
Asset Turnover |
0.68 | 0.68 | 0.66 | 0.62 | 0.56 | 0.61 | 0.60 | 0.52 | 0.49 | 0.49 |
Operating CF/Net income |
0.98 | 0.91 | 0.96 | 0.88 | 0.90 | 1.12 | 0.82 | 0.63 | 0.69 | 1.40 |
Capex/Depreciation |
(1.98) | (2.00) | (1.68) | (1.61) | (0.84) | (1.75) | (2.29) | (2.43) | (0.87) | (0.33) |
Interest Coverage |
17.12 | 15.41 | 13.00 | 13.30 | 14.40 | 14.68 | 12.52 | 11.13 | 9.07 | 9.72 |
| 45.63% | 53.39% | 56.36% | 45.67% | 39.00% | 31.08% | 26.08% | 30.18% | 23.14% | 17.85% | |
| 15.19% | 14.94% | 16.51% | 15.17% | 14.70% | 13.00% | 11.07% | 12.85% | 10.69% | 8.95% | |
ROIC |
18.92% | 18.03% | 18.92% | 17.48% | 17.93% | 18.19% | 12.13% | 14.32% | 11.01% | 10.07% |
Return on Tangible Assets |
31.95% | 28.52% | 29.48% | 25.58% | 23.57% | 23.17% | 20.89% | 28.84% | 20.64% | 18.45% |
Average Days of Receivables |
67.90 | 71.81 | 66.87 | 61.86 | 79.41 | 75.45 | 73.81 | 67.18 | 76.21 | 77.31 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
34.37% | 36.02% | 31.20% | 30.48% | 30.92% | 28.68% | 29.52% | 32.43% | 30.89% | 32.31% |
Intangible Assets out of Total Assets |
0.30 | 0.29 | 0.27 | 0.24 | 0.22 | 0.21 | 0.34 | 0.30 | 0.31 | 0.31 |
Share Based Compensation of Revenue |
0.47% | 0.58% | 0.42% | 0.33% | 0.35% | 0.38% | 0.43% | 0.60% | 0.70% | 0.81% |
Graham Net Nets |
(0.05) | (0.04) | (0.03) | (0.02) | 0.00 | 0.00 | (0.02) | (0.03) | 0.01 | 0.01 |
Graham Number |
9.38 | 9.56 | 11.60 | 12.69 | 15.36 | 15.00 | 15.82 | 18.85 | 18.70 | 17.23 |
Earnings Yield |
3.65% | 2.65% | 3.27% | 2.78% | 2.48% | 2.68% | 2.50% | 4.47% | 5.28% | 5.94% |
Free Cash Flow Yield |
2.95% | 1.95% | 2.66% | 2.04% | 2.06% | 2.54% | 1.45% | 1.82% | 2.90% | 7.67% |
Revenue per Share |
6.18 | 6.76 | 6.94 | 7.04 | 7.23 | 8.21 | 8.82 | 8.77 | 8.41 | 8.42 |
Operating CF per Share |
1.35 | 1.36 | 1.67 | 1.52 | 1.71 | 1.95 | 1.34 | 1.36 | 1.27 | 2.14 |
Capex per Share |
(0.24) | (0.27) | (0.25) | (0.25) | (0.14) | (0.29) | (0.38) | (0.48) | (0.25) | (0.16) |
Free Cash Flow per Share |
1.12 | 1.09 | 1.42 | 1.27 | 1.57 | 1.67 | 0.95 | 0.88 | 1.02 | 1.99 |
Cash per Share |
0.38 | 0.50 | 0.64 | 1.41 | 2.40 | 1.81 | 0.78 | 0.94 | 0.94 | 0.66 |
Shareholders Equity per Share |
2.83 | 2.74 | 3.44 | 4.13 | 5.55 | 5.72 | 6.82 | 7.38 | 8.45 | 8.62 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
2.83 | 2.74 | 3.44 | 4.13 | 5.55 | 5.72 | 6.82 | 7.38 | 8.45 | 8.62 |
Free Cash Flow |
541.00 | 525.00 | 679.00 | 605.00 | 752.00 | 798.00 | 457.00 | 419.00 | 482.00 | 926.00 |
Working Capital |
1,381.00 | 1,734.00 | 2,016.00 | 2,385.00 | 2,999.00 | 2,742.00 | 2,717.00 | 2,477.00 | 3,115.00 | 2,759.00 |
Capital Expenditures |
(115.00) | (128.00) | (121.00) | (119.00) | (65.00) | (138.00) | (183.00) | (228.00) | (116.00) | (74.00) |
Net Current Asset Value |
(904.00) | (1,105.00) | (773.00) | (526.00) | 51.00 | 140.00 | (708.00) | (613.00) | 102.00 | 117.00 |
EV/EBIT |
20.13 | 27.90 | 24.18 | 29.00 | 32.51 | 27.14 | 30.01 | 18.00 | 16.94 | 14.20 |
Capex to Sales |
0.04 | 0.04 | 0.04 | 0.04 | 0.02 | 0.04 | 0.04 | 0.05 | 0.03 | 0.02 |
Price to Operating Income |
18.18 | 25.68 | 22.31 | 27.24 | 31.31 | 25.98 | 27.76 | 16.12 | 14.88 | 12.01 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.08 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 | 0.09 | 0.12 | 0.20 |
Cash ROIC |
14.62% | 12.77% | 15.45% | 11.52% | 11.81% | 13.59% | 6.97% | 5.93% | 6.72% | 13.56% |
Accounts Receivable Turnover |
5.37 | 5.43 | 5.33 | 5.70 | 5.23 | 5.02 | 5.07 | 5.15 | 4.97 | 4.73 |
Accounts Payable Turnover |
1.94 | 1.93 | 2.06 | 2.33 | 2.29 | 2.23 | 2.27 | 2.04 | 2.13 | 2.02 |
Inventory Turnover |
0.84 | 0.79 | 0.80 | 0.77 | 0.80 | 0.86 | 0.85 | 0.68 | 0.64 | 0.61 |
Average Days of Payables |
187.94 | 202.74 | 171.47 | 152.67 | 181.30 | 166.40 | 174.08 | 175.21 | 165.73 | 187.21 |
Days of Inventory on Hand |
476.41 | 481.20 | 479.10 | 497.59 | 467.53 | 430.33 | 480.56 | 564.73 | 561.59 | 598.84 |
Average Receivables |
558.00 | 598.00 | 624.00 | 589.50 | 661.50 | 783.00 | 834.00 | 812.00 | 799.50 | 831.00 |
Average Payables |
501.00 | 541.00 | 562.50 | 530.50 | 598.00 | 691.00 | 765.00 | 810.00 | 767.00 | 768.00 |
Average Inventory |
1,162.00 | 1,324.50 | 1,449.50 | 1,602.50 | 1,718.00 | 1,784.50 | 2,050.50 | 2,419.50 | 2,533.50 | 2,527.00 |
Average Assets |
4,404.00 | 4,800.50 | 5,057.50 | 5,452.50 | 6,144.00 | 6,447.50 | 7,075.00 | 7,971.50 | 8,126.00 | 7,990.00 |
Average Common Equity |
1,466.00 | 1,343.00 | 1,481.50 | 1,811.00 | 2,315.50 | 2,696.50 | 3,002.50 | 3,392.50 | 3,755.00 | 4,006.50 |
Columns are period end dates