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