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Other financials

Income statement

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Revenue$912.0M+2.0%
Operating income$96.0M-53.2%
Net income$54.0M-63.0%
EPS (diluted)$0.12-61.3%

Balance sheet

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Cash & equivalents$308.0M-33.5%
Total debt$2.3B-20.3%
Total equity$4.0B+0.7%
Total assets$7.9B-2.4%

Cash flow

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Operating cash flow$291.0M+91.4%
CapEx$26.0M-48.0%
Free cash flow$265.0M+160%

Valuation

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Market cap$13.24B-7.3%
Enterprise value$15.19B-6.0%
P/E18.5×+1.6×
P/S3.4×-0.2×

Profitability

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Gross margin60.5%+1.6pp
Operating margin25.5%-2.4pp
Net margin18.2%-3.7pp
FCF margin22.7%+11.9pp

Returns & leverage

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Return on equity17.8%-5.3pp
Debt / equity0.6×-0.1×
Current ratio3.2×-0.6×

Where this comes from

Calculated from Brown-Forman Corporation’s reported figures.

The source filing: Brown-Forman Corporation’s 10-K, filed June 12, 2026.

Filed
Jun 12, 2026, 4:01 PM EDT
Fiscal year
FY2026
Accession
0000014693-26-000024
Year Ended April 30,202420252026
Excise taxes1,1501,0811,154
Net sales4,1783,9753,928
Cost of sales1,6521,6321,550
Gross profit2,5262,3432,378
Advertising expenses529484462
Selling, general, and administrative expenses826744807
Restructuring and other charges6019
Gain on business divestitures(267)

Item 8. Financial Statements and Supplementary Data

FAQ

What is Brown-Forman Corporation's gross profit?
Brown-Forman Corporation (BF.A) reported gross profit of $571M in Q1 2026.
How has Brown-Forman Corporation's gross profit changed year-over-year?
Brown-Forman Corporation's gross profit increased by 11.3% year-over-year, from $513M to $571M.
What is the long-term trend for Brown-Forman Corporation's gross profit?
Over 4 years (2022 to 2026), Brown-Forman Corporation's gross profit has grown at a -0.1% compound annual growth rate (CAGR), from $2.39B to $2.38B.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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