Brown–Forman (BF-B) stock
Consumer Staples · Distillers & Vintners
Brown–Forman (BF-B) is a Distillers & Vintners company in the Consumer Staples sector, headquartered in Louisville, Kentucky. As of October 23, 2026, BF-B closed at $29.41, a market capitalization of $13.50 billion, the 464th largest company in the S&P 500. Over the last twelve months it generated $3.92 billion in revenue (-1% year over year) and $925.00 million in free cash flow. The stock trades at 19.0x trailing earnings and 17.2x forward earnings.
- 1-year total return: +8.3% (dividends reinvested)
- 5-year return: -13.8% a year
- 52-week range: $22.61 – $31.92
- Gross margin 60.7%, operating margin 27.6%
- Dividend yield: 3.13%, 40 straight years of increases
- FI Handbook report card: B- across 10 metrics
- 31st largest of 34 Consumer Staples stocks in the S&P 500
BF-B price chart
1Y price change: +4.6% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| BF-B | +11.9% | +15.9% | +8.3% | -16.8% | -13.8% | -0.1% | +11.6% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
BF-B key statistics
- Market cap
- $13.5B
- #464 in S&P 500
- P/E (TTM)
- 19.0x
- Forward P/E
- 17.2x
- EPS (TTM)
- $1.55
- Revenue (TTM)
- $3.9B
- -1%
- Free cash flow
- $925.0M
- Gross margin
- 60.7%
- Operating margin
- 27.6%
- Return on equity
- 18.1%
- Dividend yield
- 3.13%
- 52-week range
- $22.61 – $31.92
- Beta
- 0.32
- Price / sales
- 3.4x
- EV / EBITDA
- 13.2x
- Debt / equity
- 0.62x
- Employees
- 4,900
BF-B report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth-1.4%F
- Gross margin60.7%A
- Operating margin27.6%B
- FCF margin23.6%B
- Return on equity18.1%B
- Net debt / EBITDA1.8xC
- Forward P/E17.2xB
- PEG ratio2.0xC
- Shareholder yield6.1%A
- Share count change / yr-0.6%B
Brown Forman financials
Revenue went from $3.0B in fiscal 2017 to $3.9B in fiscal 2026, growing 3.1% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0B | $3.2B | $3.3B | $3.4B | $3.5B | $3.9B | $4.2B | $4.2B | $4.0B | $3.9B |
| Gross profit | $2.0B | $2.2B | $2.2B | $2.1B | $2.1B | $2.4B | $2.5B | $2.5B | $2.3B | $2.4B |
| Operating income | $1.0B | $1.0B | $1.1B | $1.1B | $1.2B | $1.2B | $1.1B | $1.4B | $1.1B | $1.0B |
| Net income | $669.0M | $717.0M | $835.0M | $827.0M | $903.0M | $838.0M | $783.0M | $1.0B | $869.0M | $715.0M |
| EPS (diluted) | $1.37 | $1.48 | $1.73 | $1.72 | $1.88 | $1.74 | $1.63 | $2.14 | $1.84 | $1.53 |
| Free cash flow | $544.0M | $526.0M | $681.0M | $611.0M | $755.0M | $798.0M | $457.0M | $419.0M | $431.0M | $893.0M |
| Buybacks | $561.0M | $1.0M | $207.0M | $1.0M | $0 | $0 | $0 | $400.0M | $0 | $400.0M |
| Dividends paid | $274.0M | $773.0M | $310.0M | $325.0M | $338.0M | $831.0M | $378.0M | $404.0M | $420.0M | $427.0M |
| Diluted shares | 488.1M | 484.2M | 482.1M | 480.4M | 480.7M | 480.6M | 480.5M | 477.2M | 472.9M | 466.7M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into BF-B?
A reverse DCF asks what growth the current price requires. With an enterprise value of $15.6B and $925.0M of trailing free cash flow, Brown Forman needs to grow free cash flow about 6.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 3.4% a year over the last five years.
P/E ratio history
Current 19.2x vs. median 29.6x (10th–90th percentile 17.0x–40.1x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
BF-B dividend
- Dividend yield
- 3.13%
- Annual dividend
- $0.92
- Years of increases
- 40
- 5-yr dividend growth
- 5.4%
- per year
- Payout ratio
- 59%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
BF-B earnings
Next report: December 3, 2026. Brown Forman has beaten EPS estimates 1 quarters in a row. Last quarter's revenue was $911.0M (-1% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Sep 2, 2026 | $0.37 | $0.38 | +3.1% |
| Jun 4, 2026 | $0.32 | $0.12 | -62.6% |
| Mar 4, 2026 | $0.47 | $0.58 | +24.7% |
| Dec 4, 2025 | $0.48 | $0.47 | -1.5% |
| Aug 28, 2025 | $0.37 | $0.36 | -1.9% |
| Jun 5, 2025 | $0.34 | $0.31 | -9.8% |
| Mar 5, 2025 | $0.46 | $0.57 | +23.4% |
| Dec 5, 2024 | $0.49 | $0.55 | +12.2% |
Stocks like BF-B
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 STZ Constellation Brands | -0.22% | +2% | $23.5B | 12.4x | Compare |
 WMT Walmart | -1.02% | +13% | $954.1B | 43.4x | Compare |
 COST Costco Wholesale | -1.46% | +7% | $444.6B | 48.3x | Compare |
 KO Coca-Cola | -2.76% | +36% | $398.9B | 27.8x | Compare |
 PG Procter & Gamble | -2.76% | +10% | $373.2B | 24.3x | Compare |
 PM Philip Morris International | -1.13% | +31% | $310.9B | 29.1x | Compare |
 PEP Pepsico | -2.20% | -7% | $185.0B | 17.1x | Compare |
 MO Altria | -2.31% | +23% | $124.1B | 15.6x | Compare |
BF-B news
- Top 3 Dividend Stocks To Watch In October 2026 · Oct 24, 2026
- Beverages, Alcohol, and Tobacco Stocks Q1 In Review: Brown-Forman (NYSE:BF.B) Vs Peers · Oct 19, 2026
- Brown-Forman’s Dividend Growth Depends on a Recovery that Has Yet to Materialize · Oct 15, 2026
- Q1 Earnings Highlights: Brown-Forman (NYSE:BF.B) Vs The Rest Of The Beverages, Alcohol, and Tobacco Stocks · Oct 12, 2026
- Zacks Industry Outlook Anheuser-Busch InBev, Constellation Brands, Brown-Forman and Molson Coors · Oct 8, 2026
BF-B stock FAQ
What is BF-B's market cap?
Brown–Forman's market capitalization is $13.50 billion as of October 23, 2026, ranking 464th in the S&P 500.
What is BF-B's P/E ratio?
BF-B trades at a trailing price-to-earnings ratio of 19.0x and a forward P/E of 17.2x. Its median P/E over the period we track is 29.6x.
Does BF-B pay a dividend?
Yes. Brown–Forman pays $0.92 per share a year, a 3.13% yield. It has raised its dividend 40 years in a row. Dividends grew 5.4% a year over the last five years.
How much has BF-B stock returned?
Including reinvested dividends, BF-B returned +8.3% over one year, -13.8% a year over five years, -0.1% a year over ten years through October 23, 2026.
Is BF-B stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Brown–Forman must grow free cash flow about 6% a year for the next decade. Its free cash flow grew 3% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does BF-B report earnings?
Brown–Forman is expected to report earnings on December 3, 2026. It has beaten EPS estimates 1 quarters in a row.
How many employees does Brown–Forman have?
Brown–Forman has about 4,900 full-time employees, or $798,980 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology