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.
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Brown-Forman Corporation (BF.B) Return on invested capital
Brown-Forman Corporation's return on invested capital over the twelve months to 31 July 2026 was 10.2%, up 0.1 percentage points from fiscal 2026 (10.1%). Over the past ten years it has ranged from 10.1% (fiscal 2026) to 34.2% (fiscal 2016) — the current reading is the lowest in ten years. That is above the Beverages Wineries & Distilleries industry median of 0.00% and above the Consumer Defensive sector median of 0.22%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2026 | 10.1% | (0.94) |
| FY2025 | 11.0% | (3.31) |
| FY2024 | 14.3% | 2.19 |
| FY2023 | 12.1% | (6.06) |
| FY2022 | 18.2% | 0.26 |
| FY2021 | 17.9% | 0.45 |
| FY2020 | 17.5% | (1.44) |
| FY2019 | 18.9% | 0.89 |
| FY2018 | 18.0% | (0.89) |
| FY2017 | 18.9% | (15.30) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| BF.A Brown Forman Corporation compare | 10.2% |
| BF.B Brown-Forman Corporation | 10.2% |
| DEO Diageo plc compare | 0.00% |
| EPSM Epsium Enterprise Limited compare | 0.00% |
| IBG Innovation Beverage Group Limited compare | 0.00% |
| AGCC Agencia Comercial Spirits Ltd compare | 0.00% |
| SNDL SNDL Inc. compare | −1.32% |
| WVVI Willamette Valley Vineyards, Inc. compare | −2.31% |
| MGPI MGP Ingredients, Inc. compare | −17.9% |
| Beverages Wineries & Distilleries industry median | 0.00% |
| Consumer Defensive sector median | 0.22% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on BF.B
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement