Reading the tape
NYSE: BF-B
Brown-Forman Corporation
Consumer Defensive · Beverages - Wineries & Distilleries
Market Cap
$13.00B
52w High
$36.18
52w Low
$22.61
P/E
16.19
Volume
3.69M
Outstanding Shares
469.61M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -20.39%Revenue (TTM): -3.04%FCF (TTM): 36.7%P/FCF: 3rd pct
What changed
The stock fell 20.39% over the last year. Revenue declined 3.04% over the trailing twelve months. Operating margin moved from 31.57% to 28.43%. Free cash flow grew 36.7% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 28.43%. A decisive move in revenue — currently down 3.04% — would be the clearest signal to resolve the ambiguity.
Company profile
Brown-Forman Corporation, together with its subsidiaries, manufactures, distills, bottles, imports, exports, markets, and sells various alcoholic beverages.
CEOLawson E. Whiting
SectorConsumer Defensive
IndustryBeverages - Wineries & Distilleries
Employees5,700
IPO dateMar 17, 1980
Valuation
Forward P/E—
EV/EBITDA14.54
Enterprise value$18.76B
Stock splits
Mar 1, 2018↑ Forward
Every 4 shares became 5
Aug 19, 2016↑ Forward
Every 1 shares became 2
Aug 4, 2016↑ Forward
Every 1 shares became 2
Aug 13, 2012↑ Forward
Every 2 shares became 3
Oct 28, 2008↑ Forward
Every 4 shares became 5
Jan 21, 2004↑ Forward
Every 1 shares became 2
May 31, 1994↑ Forward
Every 1 shares became 3
Apr 2, 1987↑ Forward
Every 2 shares became 3
Profitability & growth
Revenue growth2.71%
Gross margin59.46%▼2.51%vs FY2024
Operating margin28.43%▼17.71%vs FY2024
ROE21.76%▼25.25%vs FY2024
Analyst consensus
RatingHold
Target price—
6
Buy
23
Hold
6
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jun 4, 2026
Q2 FY26 · EPS est $0.32 · Revenue est $878.8M
View
Dividends
$0.92/shareQuarterly3yr growth streakAdequateBF-B pays a dividend with a 3.31% dividend yield, 3 consecutive years of growth, growing at 5.36% annually, covered 1.0× by free cash flow.
Dividend Yield
3.31%
Annual Div / Share
$0.92
5yr CAGR
+5.36%
Doubles every ~13.3yr
Payout Ratio
53.04%
Adequate
Dividend Growth Rate
3yr CAGR
+5.76%
5yr CAGR
+5.36%
10yr CAGR
+5.9%
Dividend Safety
6/10Adequate
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$0.91+3.6%
2024$0.88+5.5%
2023$0.83+8.2%
2022$0.77-55.4%
2021$1.73+145.9%
2020$0.70+4.5%
2019$0.67-59.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$33/yr
$3/mo
In 5 yrs
$43/yr+30%
$4/mo
In 10 yrs
$56/yr+69%
$5/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$33/yr $3/mo | $43/yr+30% $4/mo | $56/yr+69% $5/mo |
Yield-on-cost grows from 3.31% → 5.58% over 10yr
Analysis
Dividend Strengths
Strong dividend growth rate
The 5-year CAGR of 5.36% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.