ES
MARKETS / NYSE / BF-B
NYSE · BEVERAGES · LARGE CAP

Brown-Forman Corporation BF-B

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$3.9B
▼ 1.2% vs FY2024
Dividend streak
3 yrs
Raised every year since 2023
EPS · FY25
—
Dividend / sh · FY25
$0.92
Payout · FY25
60%
ROE · FY25
17.8%
Net margin · FY25
18.2%
Dividend coverage
1.7×
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Result
USD 3.9B
Revenue, FY2025 · full 18-year series below
Revenue Net income
2463.90.72008201120142017202020232025
2463.90.72016201920222025

18 cents of every revenue dollar became profit this year.

Per share
—
Diluted EPS, FY2025
EPS Dividend
2460.922008201120142017202020232025
2460.922016201920222025

Earnings covered the dividend 1.7 times — the rest stayed in the company.

Profitability
17.8%
Return on equity, FY2025
ROE
2040608017.8%2008201120142017202020232025
2040608017.8%2016201920222025
Operating margin25.5%
Net margin18.2%
Return on assets8.9%

Each USD of equity produced 18 cents of profit this year.

Returned to shareholders
USD 827.0M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 427.0M
Net buybacksUSD 400.0M
Share of profit115.7%
Consecutive raises3 years

USD 427.0M in dividends and USD 400.0M in buybacks — 116% of the year's profit, so the payout drew on cash built up earlier.

Growth
+2.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−2.4%
+2.6%
−0.2%
+1.0%
Net income
−3.0%
−4.6%
−3.9%
+1.5%
EPS, diluted
−2.1%
−4.0%
−3.1%
Dividend / share
+5.1%
+5.3%
+5.7%
Returned to shareholders
+29.8%
+19.6%
−4.9%
+4.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
—
Shares outstanding, FY2025
Change, 5 years−1.2%
Change, 10 years−9.4%

The share count shrank 1% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 7.9B
total assets, end of FY2025
Total assetsUSD 7.9B
EquityUSD 4.0B
CashUSD 308.0M
Gross debtUSD 2.4B
Net debtUSD 2.1B
Current ratio3.24×

Net debt stands at 53% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
3.9
4.0
4.2
4.2
3.9
3.5
3.4
3.3
3.2
3.0
4.0
4.1
3.9
3.8
3.6
3.4
3.2
3.2
Operating income $B
1.0
1.1
1.4
1.1
1.2
1.2
1.1
1.1
1.0
1.0
1.5
1.0
1.0
0.9
0.8
0.9
0.7
0.7
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
0.2
0.2
0.3
0.2
0.3
0.2
0.2
0.2
0.3
0.3
0.4
0.3
0.3
0.3
0.2
0.3
0.2
0.2
Net income $B
0.7
0.9
1.0
0.8
0.8
0.9
0.8
0.8
0.7
0.7
1.1
0.7
0.7
0.6
0.5
0.6
0.4
0.4
EPS, diluted $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh $
0.92
0.89
0.85
0.79
1.74
0.71
0.68
0.65
1.61
0.56
0.52
0.60
1.09
4.98
0.89
1.49
1.18
·
Payout %
60
48
39
48
99
37
39
37
108
41
25
37
35
180
37
57
39
39
ROE %
17.8
23.1
30.2
26.1
31.1
39.0
45.7
56.4
53.4
45.6
61.6
34.7
36.0
32.0
24.8
28.9
24.2
24.0
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
70 of 70
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed