Stocks · Consumer Defensive · Beverages - Wineries & Distilleries
Brown-Forman Corporation BF-B
$26.16 +0.73% Close, Oct 2, 2026 · NYSE · Market cap $12.20B
High quality
Next earnings report: Dec 3, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The shares trade at 17.1× trailing earnings, lower than 86% of the company's own readings over the past five years.
- Diluted EPS over the last four quarters was $1.53, down 14.5% year over year.
- Revenue over the last four quarters was $3.92B, down 0.8% from a year earlier.
PromtFinance scores
Each score is a percentile within the Consumer Defensive sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 30%
- EPS growth (TTM, YoY)Bottom 39%
- FCF growth (TTM, YoY)Top 15%
- Revenue growth, 3-year CAGRBottom 20%
- Revenue growth accelerationTop 50%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 18%
- Gross marginTop 12%
- Operating marginTop 4%
- Cash conversion (OCF / net income)Bottom 34%
- Accruals (lower is better)Bottom 29%
- Net debt / EBITDA (lower is better)Bottom 50%
- Interest coverTop 32%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 30%
- Free-cash-flow yieldTop 38%
- EBITDA / enterprise valueBottom 44%
- Sales / enterprise valueBottom 11%
- P/E vs own 5-year history (lower is better)Top 27%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 44%
- 6-month returnTop 44%
- 1-year return vs S&P 500Top 43%
- Distance from 52-week highTop 30%
- Trend checklist (0–4)Top 44%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 16%
- Consecutive EPS beatsBottom 15%
- Share of analysts rating BuyBottom 6%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 42%
- Maximum drawdown, 3 yearsBottom 32%
- Beta vs S&P 500 (lower is better)Bottom 40%
- Net debt / EBITDA (lower is better)Bottom 50%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -1.2% | -0.8% | ↑ |
| EPS growth (YoY) | -17.9% | -14.5% | ↑ |
| Gross margin | 59.0% | 60.7% | ↑ |
| Operating margin | 29.3% | 28.6% | ↓ |
| FCF margin | 14.8% | 23.6% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -0.8% | -1.2% | ↑ | Bottom 30% |
| EPS growth (TTM, YoY) | -14.5% | -17.9% | ↑ | Bottom 39% |
| Gross margin | 60.7% | 59.0% | ↑ | Top 12% |
| Operating margin | 28.6% | 29.3% | ↓ | Top 4% |
| Net margin | 18.4% | 21.4% | ↓ | — |
| Free-cash-flow margin | 23.6% | 14.8% | ↑ | — |
| Return on invested capital | 13.0% | — | Top 18% | |
| Revenue growth, 3-year CAGR | -2.4% | — | Bottom 20% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.40×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.8%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -2.1 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 2.01×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 11.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.49%
- Net buyback yield (TTM)
- 3.28%
- Shareholder yield
- 6.77%
- Share count change, 1 year
- -2.9%
- Share count change, 3-year CAGR
- -1.5%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jul 31, 2026 (filed Sep 2, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 2 of 8
- Average EPS surprise, last 4
- -9.4%
- Average 2-day reaction, last 8
- +0.4%
- Positive 20 days after report
- 2 of 8
Analysts
- Analysts with a rating
- 36
- Share rating Buy or Strong Buy
- 14%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Sep 2, 2026 | +0.0% | +3.9% | -0.8% | -0.6% | — |
| Jun 4, 2026 | -61.2% | +2.8% | +7.1% | +5.7% | +9.9% |
| Mar 4, 2026 | +24.5% | -6.6% | -9.7% | -6.0% | -7.7% |
| Dec 4, 2025 | -1.1% | -1.3% | +1.0% | -13.1% | -6.5% |
| Aug 28, 2025 | -24.3% | -4.9% | -7.4% | -12.2% | -8.4% |
| Jun 3, 2025 | -8.8% | +0.0% | -16.7% | -16.1% | -8.3% |
| Mar 4, 2025 | -6.5% | -1.1% | +14.9% | +2.7% | +2.5% |
| Dec 5, 2024 | +12.2% | +10.7% | +9.7% | -11.6% | -12.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Sep 2, 2026 | $0.38 | $0.38 | +0.0% | $911.0M |
| Jun 4, 2026 | $0.12 | $0.31 | -61.2% | $912.0M |
| Mar 4, 2026 | $0.58 | $0.47 | +24.5% | $1.06B |
| Dec 4, 2025 | $0.47 | $0.48 | -1.1% | $1.04B |
| Aug 28, 2025 | $0.36 | $0.47 | -24.3% | $924.0M |
| Jun 3, 2025 | $0.31 | $0.34 | -8.8% | $894.0M |
| Mar 4, 2025 | $0.43 | $0.46 | -6.5% | $1.03B |
| Dec 5, 2024 | $0.55 | $0.49 | +12.2% | $1.09B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 17.1× | 28.0× | 14th | Top 30% |
| P/E (forward) | 15.3× | — | — | — |
| EV / EBITDA | 13.5× | — | — | Bottom 44% |
| EV / Sales | 3.66× | — | — | Bottom 11% |
| Free-cash-flow yield | 7.58% | — | — | Top 38% |
| Earnings yield | 5.85% | — | — | Top 30% |
P/E over the past five years
Range 14.4× – 45.4× since Jul 31, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -5.0%
- Earnings per share growth (TTM)
- -14.5%
- Change in P/E multiple
- +10.6%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +0.1%
- 200-day average slope (20 days)
- -1.1%
- Distance from 50-day average
- -4.1%
- Distance from 200-day average
- -2.9%
- RSI (14)
- 45.8
- Relative volume
- 0.68×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 33.3%
- Volatility vs own 5-year history
- 71th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.52
- Correlation with S&P 500
- 0.21
- Current drawdown from 1-year high
- -15.3%
- Maximum drawdown, 3 years
- -62.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 24, 2020 | Mar 20, 2026 | -72.1% | 1334 days | Not yet recovered |
| Oct 12, 2020 | Oct 29, 2020 | -11.8% | 13 days | 11 days (Nov 13, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $12.20B
- P/E (TTM)
- 17.1
- EPS, diluted (TTM)
- $1.53
- Revenue (TTM)
- $3.92B
- Dividend yield
- 3.53%
- 52-week range
- $22.61 – $31.92
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $3.93B | $4.23B | $4.18B | $3.98B | $3.93B |
| Gross profit | $2.39B | $2.49B | $2.53B | $2.34B | $2.38B |
| Operating income | $1.20B | $1.13B | $1.15B | $1.17B | $1.11B |
| Net income | $838.0M | $783.0M | $1.02B | $869.0M | $715.0M |
| EPS (diluted) | $1.74 | $1.63 | $2.15 | $1.84 | $1.53 |
| Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.09B | $1.03B | $894.0M | $924.0M | $1.04B | $1.06B | $912.0M | $911.0M |
| Net income | $258.0M | $270.0M | $146.0M | $170.0M | $224.0M | $267.0M | $54.0M | $176.0M |
| EPS (diluted) | $0.55 | $0.57 | $0.31 | $0.36 | $0.47 | $0.56 | $0.12 | $0.38 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | $936.0M | $640.0M | $647.0M | $598.0M | $1.00B |
| Capital expenditure | -$138.0M | -$183.0M | -$228.0M | -$167.0M | -$107.0M |
| Free cash flow | $798.0M | $457.0M | $419.0M | $431.0M | $893.0M |
| Dividends paid | -$831.0M | -$378.0M | -$404.0M | -$420.0M | -$427.0M |
| Net share buybacks | $0 | $0 | -$400.0M | $0 | -$400.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $301.0M
- Total assets
- $7.83B
- Total liabilities
- $3.86B
- Total debt
- $2.44B
- Net debt
- $2.14B
- Shareholders’ equity
- $3.97B
As of Jul 31, 2026 (filed Sep 2, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 3, 2026 | $0.23 | Oct 1, 2026 |
| Jun 10, 2026 | $0.23 | Jul 1, 2026 |
| Mar 9, 2026 | $0.23 | Apr 1, 2026 |
| Dec 5, 2025 | $0.23 | Jan 2, 2026 |
| Sep 3, 2025 | $0.23 | Oct 1, 2025 |
| Jun 9, 2025 | $0.23 | Jul 1, 2025 |
| Mar 7, 2025 | $0.23 | Apr 1, 2025 |
| Dec 6, 2024 | $0.23 | Jan 2, 2025 |
Stock splits
- Mar 1, 2018
- 5-for-4
- Aug 19, 2016
- 2-for-1
- Aug 13, 2012
- 3-for-2
- Oct 28, 2008
- 5-for-4
- Jan 21, 2004
- 2-for-1