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Other financials

Income statement

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Revenue$912.0M+2.0%
Gross profit$571.0M+11.3%
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

Reported directly by Brown-Forman Corporation in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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
Gain on business divestitures(267)
Other intangible assets impairment747132
Other expense (income), net17(99)(43)
Operating income1,4141,1071,001
Non-operating postretirement expense3427
Interest income(14)(17)(14)
Interest expense127122103
Equity method investment income and gain on sale(83)

Item 8. Financial Statements and Supplementary Data

FAQ

What is Brown-Forman Corporation's operating income?
Brown-Forman Corporation (BF.A) reported operating income of $96M in Q1 2026.
How has Brown-Forman Corporation's operating income changed year-over-year?
Brown-Forman Corporation's operating income decreased by 53.2% year-over-year, from $205M to $96M.
What is the long-term trend for Brown-Forman Corporation's operating income?
Over 4 years (2022 to 2026), Brown-Forman Corporation's operating income has grown at a -4.5% compound annual growth rate (CAGR), from $1.2B to $1B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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