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BF-BBrown–Forman

Consumer staples · Beverages · NYSE
Employees
4,900
Headquarters
Louisville, KY
CEO
Lawson E. Whiting
Next results
around Dec 3, 2026
Compare with peers → Embed
RevenueFY2017–26 $3.9B−1.2% FY2025: $4.0B 10-K FY2026 · XBRL Net incomeFY2017–26 $715.0M−17.7% FY2025: $869.0M 10-K FY2026 · XBRL Free cash flowFY2017–26 $893.0M+107.2% Highest in 10 years 10-K FY2026 · XBRL Operating marginFY2017–26 25.5%−2.4 pts 33.7% in FY2017 10-K FY2026 · XBRL

What changed

10-K filed Jun 12, 2026 against Jun 13, 2025
AreaWhat changedSource
Risk factors7 new paragraphs, nothing like them in the previous 10-K10-K Item 1A
Accounting checks11 other checks clear10-K · XBRL
InsidersNo open-market buys in the last 90 daysForm 4
Filings0 in the last 30 daysEDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Jun 12, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-06-13. Quoted as filed.

  1. Negative publicity or our inability or failure to recognize, respond to, and effectively manage the increased impact of social media could affect our business performance.
    10-K, Item 1A
All 7 new paragraphs →

Accounting checks

latest 10-K

11 of 11 clear 0 worth a look. Checks, not verdicts.

  • ✓
    Receivables +0.2% vs revenue -1.2% (+1.4 pts)
  • ✓
    Cash from operations $1.0B vs net income $715.0M (FY ending 2026-04-30)
  • ✓
    Inventory +1.3% vs revenue -1.2% (+2.5 pts)
  • ✓
    Same auditor in both 10-Ks: Ernst & Young LLP
  • ✓
    No statement of substantial doubt about going concern
  • ✓
    No 8-K item 4.02 in the last 2 years
  • ✓
    No NT 10-K or NT 10-Q in the last 2 years
  • ✓
    The same matters as last year: Valuation of Gin Mare and Diplomático Other Intangible Assets
  • ✓
    No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • ✓
    No 8-K item 2.06 in the last 2 years
  • ✓
    No 8-K item 1.03 in the last 2 years
How each check works, with sources →

In the last 30 days

All filings →

Nothing new. The most recent filings:

Work on BF-B in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/BF-B/export.csv") into a cell.