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Screener / SEC EDGAR /CIK 0000014693 /10-K filed Jun 12, 2026, compared with Jun 13, 2025 /Numbers from the XBRL of the 10-Ks
Consumer staples peers:
CHDMNSTBF-BSTZSJMMKC
NYSE Consumer staples · Beverages

Brown–Forman BF-B

BF-B quote by TradingView
Employees
4,900
Headquarters
Louisville, KY
CEO
Lawson E. Whiting
Next results
around Dec 3, 2026
Compare with peers Embed

Where each dollar of revenue went, FY2026

Revenue of $3.9B through the costs to a net profit of $715.0M · income statement of the 10-K

25% operating margin
Revenue to Gross profit: $2.4BRevenue to Cost of revenue: $1.6BGross profit to Operating profit: $1.0BGross profit to Operating expenses: $1.4BOperating profit to Net profit: $715.0MOperating profit to Tax & other: $286.0M Revenue: $3.9B REVENUE $3.9B −1% Y/Y Gross profit: $2.4B · 61% margin GROSS PROFIT $2.4B 61% margin · +1% Y/Y Cost of revenue: $1.6B · 39% of revenue COST OF REVENUE $1.6B 39% of revenue Operating profit: $1.0B · 25% margin OPERATING PROFIT $1.0B 25% margin · −10% Y/Y Operating expenses: $1.4B · 35% of revenue OPERATING EXPENSES $1.4B 35% of revenue Net profit: $715.0M · 18% margin NET PROFIT $715.0M 18% margin · −18% Y/Y Tax & other: $286.0M · 7% of revenue TAX & OTHER $286.0M 7% of revenue
Gross profit $2.4B 61% margin · +1% Y/Y
Operating profit $1.0B 25% margin · −10% Y/Y
Net profit $715.0M 18% margin · −18% Y/Y
The full income statement, year by year

BF-B among Consumer staples peers

Six ratios from the latest 10-K. Each corner is the share of 32 peers the company is above, not a score.

Compare
Revenue growth: -1.2%, above 25% of 32 peers (their median 2.2%) REVENUE GROWTH -1.2% · above 25% Gross margin: 60.7%, above 87% of 30 peers (their median 38.9%) GROSS MARGIN 60.7% · above 87% Operating margin: 25.4%, above 82% of 28 peers (their median 13.6%) OPERATING MARGIN 25.4% · above 82% Net margin: 18.4%, above 78% of 32 peers (their median 7.6%) NET MARGIN 18.4% · above 78% FCF margin: 23.6%, above 91% of 32 peers (their median 10.4%) FCF MARGIN 23.6% · above 91% Return on capital: 12.6%, above 58% of 24 peers (their median 12.1%) RETURN ON CAPITAL 12.6% · above 58%
BF-B Peer median Below the median

What changed

7 new risk paragraphs. 10-K filed Jun 12, 2026 against Jun 13, 2025.

Risk factors
7 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
11 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
0 in the last 30 days
EDGAR

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

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 11 checks found nothing to note

  • Receivables +0.2% vs revenue -1.2% (+1.4 pts)
  • Cash from operations $1.0B vs net income $715.0M (FY ending Apr 30, 2026)
  • Inventory +1.3% vs revenue -1.2% (+2.5 pts)
8 more checks with nothing to note
  • 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

In their words

7 paragraphs in Risk Factors that were not in the 10-K filed Jun 13, 2025. Quoted as filed.

All 7 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Jun 13, 2025 10-K, ITEM 1A
    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.
  2. Item 1A · new paragraph · not in the 10-K filed Jun 13, 2025 10-K, ITEM 1A
    There has been a marked increase in the use of social media platforms and websites, including blogs, chat and messaging platforms, video-sharing platforms, and other forms of Internet-based communications which allow individuals access to a broad audience. The rising popularity of social media and other consumer-oriented technologies…
  3. Item 1A · new paragraph · not in the 10-K filed Jun 13, 2025 10-K, ITEM 1A
    A downgrade or potential downgrade of our credit ratings could adversely impact our borrowing costs and access to credit and capital markets, which could negatively affect our financial condition. Rating agencies routinely evaluate us, basing their ratings on a number of factors, including our cash-generating capability, levels of…

New risk paragraphs, against peers

Latest 10-K of each, Consumer staples companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2023FY2024FY2025FY2026
Revenue$4.2B$4.2B$4.0B$3.9B
Net income$783.0M$1.0B$869.0M$715.0M
Operating cash flow$640.0M$647.0M$598.0M$1.0B
Free cash flow$457.0M$419.0M$431.0M$893.0M

Revenue, FY2017 to FY2026

Ten fiscal years, each from its own 10-K · XBRL · USD

$3.9B ▼ 1.2% in FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Every number, year by year

Recent filings

No new filings in the last 30 days · SEC EDGAR

All filings

Nothing new. The most recent filings:

About the company

Brown–Forman, Louisville, KY · from the 10-K filed Jun 12, 2026

Brown-Forman Corporation (the “Company,” “Brown-Forman,” “we,” “us,” or “our” below) was incorporated under the laws of the State of Delaware in 1933, successor to a business founded in 1870 as a partnership and later incorporated under the laws of the Commonwealth of Kentucky in 1901. We primarily manufacture, distill, bottle, import, export, market, and sell a wide variety of beverage alcohol products under recognized brands.

Headquarters
Louisville, KY
Country
United States
Listed on
NYSE
Fiscal year ends
April 30
Last results
Sep 2, 2026
Incorporated in
DE

Employees, at the top of the page: "We employ approximately 4,900 people (excluding individuals who work on a part-time or temporary basis) on six continents, including approximately 1,900 people in the United States (approximately 7% of whom are represented by a union) and 700 people in Louisville, Kentucky, USA, home of our world he" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Jun 12, 2026 (open at SEC), compared with the 10-K filed Jun 13, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/BF-B/export.csv") into a cell.