MARKETS / NYSE / BF-B

NYSE · BEVERAGES · LARGE CAP

Brown Forman Corp. BF-B

18 fiscal years on record · USD · FY2025 reported · SEC filings only

3 YEARS OF DIVIDEND GROWTH

Revenue

$3.9B

▼ 1.2% YoY

Net income

$715.0M

▼ 17.7% YoY

Free cash flow

$893.0M

▲ 107.2% YoY

Growth

USD 3.9B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 3.9 · Net income 0.7

Compound annual growth

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%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +2.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

18 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 25.5% · Net 18.2%

ROE

FY2025 · ROE 17.8%

Gross margin60.5%

Operating margin25.5%

Net margin18.2%

Return on assets8.9%

EBITDA—

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

Cash & shareholders

USD 827.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 893.0

Net buybacks $B Dividends $B

FY2025 · Dividends 0.4 · Net buybacks 0.4

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.

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.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

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
Free cash flow $B	0.9	0.4	0.4	0.5	0.8	0.8	0.6	0.7	0.5	0.5	0.4	0.5	0.5	0.4	0.5	0.5	0.5	0.4
EPS, diluted $	1.53	1.84	2.14	1.63	1.74	1.88	1.72	1.73	1.48	1.37	2.09	1.60	3.06	2.75	2.37	2.60	3.02	2.87
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	·	0.47	0.47	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.49	0.52	0.43	0.21	0.14	0.14	0.15	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityBeverages

Listed onNYSE

Incorporated inDelaware

Fiscal year endsApril 30

Data on record since2008