Brown-Forman Corporation (BF-B) Stock Price & Analysis
Brown-Forman Corporation (BF-B) is trading at USD 29.47, down 2.35% today, as of October 23, 2026 at 16:40 UTC (US market open; quotes may be delayed), according to Nexqual market data.
BF-B last closed at USD 30.18; today's session has ranged USD 29.41–30.16 on volume of 736,631 shares. Market capitalization is $13.52B, with a 52-week range of USD 22.61–31.92 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 16:40 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BF-B.md
Key facts (BF-B)
- Last four reported quarters (through Jul 31, 2026): revenue $3.92B, net income $721M (18.4% margin), free cash flow $925M (SEC filings).
- Valuation: P/E 18.8x (avg 19.4x at the last 3 fiscal year-ends), EV/EBITDA 14.1x, net debt $1.78B.
- 5 of 80 tracked superinvestors hold BF-B (13F, Q2 2026): 1 new, 0 added, 3 reduced, 1 unchanged.
- Analysts: Hold (mean 3.17 on a 1–5 scale) (18 analysts), mean target USD 28.26 (range 20–35).
- Total return with dividends: 1Y +8.5% vs S&P 500 +14.6%; 5Y -51.3% vs S&P 500 +77.3%.
- Next earnings: 2026-12-03, EPS estimate USD 0.46, revenue estimate $1.04B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BF-B)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.93B | $4.23B | $4.18B | $3.98B | $3.93B | $3.92B |
| Gross profit | $2.39B | $2.49B | $2.53B | $2.34B | $2.38B | — |
| Operating income | $1.20B | $1.13B | $1.41B | $1.11B | $1.00B | $993M |
| Net income | $838M | $783M | $1.02B | $869M | $715M | $721M |
| EPS (diluted) | $1.74 | $1.63 | $2.14 | $1.84 | $1.53 | — |
| Free cash flow | $798M | $457M | $419M | $431M | $893M | $925M |
| Gross margin | 60.8% | 59.0% | 60.5% | 58.9% | 60.5% | — |
| Operating margin | 30.6% | 26.7% | 33.8% | 27.8% | 25.5% | 25.4% |
| Net margin | 21.3% | 18.5% | 24.5% | 21.9% | 18.2% | 18.4% |
| Revenue growth | +13.6% | +7.5% | -1.2% | -4.9% | -1.2% | — |
| Cash + short-term investments | $868M | $374M | $446M | $444M | $308M | — |
| Total debt | $2.27B | $2.68B | $2.67B | $2.42B | $2.43B | — |
Fiscal years end Apr. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 31, 2026) (BF-B)
P/E 18.8x · P/S 3.5x · EV/EBITDA 14.1x · EV/Sales 3.9x · P/FCF 14.6x · P/B 3.4x · FCF yield 6.84% · Earnings yield 5.33% · Dividend yield (paid, TTM) 3.15% · Net debt $1.78B · EV $15.3B
P/E at fiscal year-ends: Apr 2026 16.8x, Apr 2025 19.0x, Apr 2024 22.3x.
Superinvestors (SEC 13F-HR, Q2 2026) (BF-B)
5 of 80 tracked investors hold BF-B. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lindsell Train | 3.62% | $95.2M | Reduced -15.6% | |
| Hillman Capital | Hillman Capital Management | 3.33% | $4.6M | Reduced -2.2% |
| Thomas Russo | Gardner Russo & Quinn | 0.68% | $60.8M | Reduced -3.0% |
| Thomas Gayner | Markel Group | 0.27% | $35.7M | Unchanged |
| Lee Ainslie | Maverick Capital | 0.03% | $3.0M | New position |
Analysts (BF-B)
Consensus Hold (mean 3.17 on a 1–5 scale), 18 analysts; mean target USD 28.26 (low 20, high 35).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-04 | UBS | Target raised | Neutral | $27 → $30 |
| 2026-09-03 | JP Morgan | Target lowered | Underweight | $26 → $25 |
| 2026-09-03 | TD Cowen | Reiterated | Hold | $29 |
| 2026-09-03 | RBC Capital | Reiterated | Sector Perform | $27 |
| 2026-09-01 | RBC Capital | Reiterated | Sector Perform | $27 |
| 2026-08-27 | Barclays | Target raised | Equal-Weight | $27 → $28 |
| 2026-08-21 | JP Morgan | Target raised | Underweight | $23 → $26 |
| 2026-08-03 | Citigroup | Target raised | Neutral | $26 → $28 |
| 2026-06-26 | TD Cowen | Target raised | Hold | $25 → $29 |
Total return (dividends reinvested) (BF-B)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +8.5% | -51.3% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | +8.5% | -13.4% |
| Volatility (annualized) | 38.9% | 30.3% |
| Max drawdown | -25.5% (Dec 2025→Mar 2026) | -68.1% (Aug 2022→Mar 2026) |
BF-B revenue by product line (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Whiskey | $658.0M | 72.2% | -0.2% |
| Ready-to-Drink | $154.0M | 16.9% | +20.3% |
| Tequila | $54.0M | 5.9% | -12.9% |
| Rest of portfolio | $39.0M | 4.3% | -36.1% |
| Non-branded and bulk | $6.0M | 0.7% | -57.1% |
| Total revenue | $911.0M | 100% | — |
BF-B revenue by region (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $374.0M | 41.1% | -2.9% |
| Emerging | $247.0M | 27.1% | +10.3% |
| Developed International | $240.0M | 26.3% | -6.6% |
| Travel Retail | $44.0M | 4.8% | +0.0% |
| Non-branded and bulk | $6.0M | 0.7% | -57.1% |
| Total revenue | $911.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
BF-B customer concentration
In the period ended Apr 30, 2026, a single direct customer accounted for 10% of revenue, per the company's 10-K filed Jun 12, 2026. The company does not name it.
BF-B company outlook (results filed Sep 2, 2026)
- “We anticipate the operating environment for fiscal 2027 to remain challenging, as macroeconomic pressures and geopolitical instability continue to negatively impact consumer behavior and beverage alcohol consumption, particularly within developed markets.”
Quoted word-for-word from the SEC 8-K results press release.
BF-B analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $0.46 | $0.46 | +0.4% | $1.04B | 14 |
| Next quarter (ends Jan 2027) | $0.51 | $0.51 | -0.3% | $1.06B | 14 |
| Current fiscal year (ends Apr 2027) | $1.69 | $1.70 | -0.5% | $3.93B | 18 |
| Next fiscal year (ends Apr 2028) | $1.71 | $1.71 | +0.1% | $4.01B | 17 |
Key Statistics (as of October 23, 2026 at 16:40 UTC)
| Price | USD 29.47 |
|---|---|
| Change | ▼ 2.35% (down) |
| Previous Close | USD 30.18 |
| Open | USD 29.94 |
| Day Range | USD 29.41 – 30.16 |
| 52-Week Range | USD 22.61 – 31.92 |
| Volume | 736,631 shares |
| Market Cap | $13.52B |
| Exchange | NYQ |
Technical Analysis (BF-B)
Nexqual's technical model rates BF-B "BUY" based on 5 bullish and 1 bearish signals across 128 daily candles, as of October 23, 2026 at 16:40 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 66.32 (neutral) |
| vs SMA50 | Above (USD 27.11) |
| MACD | 0.7 (positive) |
Analyst Ratings (BF-B)
Wall Street analysts rate BF-B "Hold" based on 18 analysts, with a mean price target of USD 28.26 (range USD 20–35), per Nexqual as of October 23, 2026 at 16:40 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 18 |
| Mean Target | USD 28.26 |
| High Target | USD 35 |
| Low Target | USD 20 |
| Buy / Hold / Sell | 2 / 12 / 4 |
Earnings (BF-B)
| Next Earnings Date | 2026-12-03 |
|---|---|
| EPS Estimate | USD 0.46 |
| Revenue Estimate | $1.04B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 0.38 vs est 0.37 ▲ beat |
| 2026-04-30 | USD 0.12 vs est 0.32 ▼ miss |
| 2026-01-31 | USD 0.58 vs est 0.47 ▲ beat |
| 2025-10-31 | USD 0.47 vs est 0.48 ▼ miss |
Source: Nexqual, October 23, 2026 at 16:40 UTC.
Financials & Fundamentals (BF-B)
| Total Revenue | $3.92B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -1.40% |
| Gross Margin | +60.66% |
| Operating Margin | +27.55% |
| Profit Margin | +18.42% |
| ROE | +18.12% |
| Debt / Equity | 0.62 |
| Current Ratio | 3.26 |
| Total Cash | $301.00M |
| Total Debt | $2.44B |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $925.00M (23.6% of revenue) |
Source: Nexqual, October 23, 2026 at 16:40 UTC.
Financial Health Score (BF-B)
Nexqual rates Brown-Forman Corporation's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 16:40 UTC.
| Growth | Weak — Revenue -1% YoY (annual), declining |
|---|---|
| Profitability | Strong — Gross margin 61%, operating 28% (last 12 months) |
| Balance Sheet | Strong — $301M cash and investments vs $2.08B debt (Jul 2026, SEC) |
| Cash Flow | Strong — FCF $925M (last 4 quarters to Jul 2026, SEC), 24% margin |
| Efficiency | Solid — ROE 18%, ROA 8.6% |
Ownership (BF-B)
| Insider Ownership | +2.80% |
|---|---|
| Institutional Ownership | +70.84% |
| Shares Outstanding | 290.38M |
| Float | 318.59M |
| Short % of Float | +11.00% |
Source: Nexqual, October 23, 2026 at 16:40 UTC.
Leadership (BF-B)
Brown-Forman Corporation is led by Lawson E. Whiting, CEO, President & Director, per Nexqual as of October 23, 2026 at 16:40 UTC.
| CEO, President & Director | Lawson E. Whiting |
|---|---|
| Executive Chairman | Marshall B. Farrer |
| Executive VP & CFO | James W. Peters |
| Executive Vice President, General Counsel & Secretary | Michael E. Carr |
| Executive Director | Campbell P. Brown |
Major Backers & Investors (BF-B)
Notable institutional backers of Brown-Forman Corporation include FMR, LLC, Van Eck Associates Corporation, VanEck ETF Trust-VanEck Morningstar Wide Moat ETF, according to Nexqual as of October 23, 2026 at 16:40 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 4.33% |
| Van Eck Associates Corporation | 4.17% |
| VanEck ETF Trust-VanEck Morningstar Wide Moat ETF | 3.68% |
| Invesco | 2.95% |
| Goldman Sachs | 2.55% |
| ProShares Trust-ProShares S&P 500 Dividend Aristocrats ETF | 2.15% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 9.64% |
| BlackRock | 4.19% |
| State Street | 3.36% |
| Dimensional Fund Advisors | 2.43% |
Source: Nexqual, October 23, 2026 at 16:40 UTC.
From Brown-Forman Corporation's Latest SEC 10-K Filing (filed 2026-06-12)
Key Strengths & Strategy (as disclosed to the SEC)
- According to International Wine & Spirit Research (IWSR), we are the largest American-owned premium-plus spirits company.
- Owned distribution is an important part of our strategic growth and enables us to have a more direct connection with customers and consumers.
Partnerships
- We promote alcohol responsibility both independently and with industry organizations, such as the International Alliance for Responsible Drinking, the Foundation for Advancing Alcohol Responsibility (responsibility.org) in the United States, the Portman Group in the United Kingdom, DrinkWise in Australia, and FISAC in Mexico.
Legal & Regulatory Risks (Item 1A, quoted)
- Additional regulation in the United States and other countries addressing the risks and impacts of climate change, use of water, and other environmental and social issues could increase our operating costs.
- Tax increases and changes in tax rules could adversely affect our financial results.
- Litigation and legal disputes could expose our business to financial and reputational risk.
- Risks Related to Cybersecurity and Data Privacy
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| DEO | Diageo plc | USD 95.63 | ▼ 1.1% |
| AGCC | Agencia Comercial Spirits Ltd | USD 14.81 | ▼ 0.32% |
| MGPI | MGP Ingredients, Inc. | USD 15.75 | ▼ 3.08% |
| SNDL | SNDL Inc. | USD 1.3 | ▲ 0.39% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 16:40 UTC. This page is informational and not investment advice.
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