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Companies / Consumer Staples / Brown–Forman
BF-A

Brown–Forman

Consumer StaplesBeveragesS&P 500
Ticker BF-ALOUISVILLE, KYFiscal year ends AprilBook value per share $8.64Diluted shares 459.5M

Brown-Forman Corporation operates as a leading American-owned premium spirits company with a portfolio spanning more than 40 spirit and ready-to-drink cocktail brands. The company's website is www.brown-forman.com. Founded in 1870 as a partnership and incorporated in Kentucky in 1901, Brown-Forman has evolved into a… From the company’s description.

Fiscal year 2026 · ends 04-30Changes are against fiscal 2025The amber dot is the latest twelve months, to 2026-07-31
Sales & profitability
$3.93BFY2026
−1.2% year over year
Last 12 mo $3.92B
25.48%FY2026
−2.4 percentage points
Last 12 mo 25.36%
$715.00MFY2026
−17.7% year over year
Last 12 mo $721.00M
17.79%FY2026
−5.2 percentage points
Last 12 mo 18.17%
Cash & financing
$1.00BFY2026
+67.2% year over year
Last 12 mo $1.01B
$893.00MFY2026
+107.2% year over year
Last 12 mo $925.00M
0.62FY2026
Was 0.68× a year earlier
Last 12 mo 0.62
466.7MFY2026
−1.3% year over year
Last 12 mo 459.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Brown–Forman does

In the company’s own words

Brown-Forman Corporation operates as a leading American-owned premium spirits company with a portfolio spanning more than 40 spirit and ready-to-drink cocktail brands. The company's website is www.brown-forman.com. Founded in 1870 as a partnership and incorporated in Kentucky in 1901, Brown-Forman has evolved into a global beverage alcohol manufacturer, distiller, bottler, importer, exporter, and marketer with approximately 4,900 employees across six continents, including roughly 1,900 in the United States and 700 at its Louisville, Kentucky headquarters.

The Jack Daniel's family of brands represents the cornerstone of Brown-Forman's business, with Jack Daniel's Tennessee Whiskey serving as the number one selling American whiskey globally. The company's broader portfolio includes iconic brands such as Woodford Reserve, Old Forester, Herradura and el Jimador tequilas, Diplomático rums, Gin Mare, and various Scotch whisky expressions including The Glendronach, Benriach, and Glenglassaugh. The company also produces ready-to-drink cocktails and liqueurs like Chambord.

Brown-Forman sells its products in over 170 countries, with the United States representing its largest market at 42 percent of net sales in fiscal 2026, while international markets account for 58 percent. The company operates owned distribution networks in 17 countries including Australia, Brazil, France, Germany, Japan, Mexico, Spain, and the United Kingdom, while utilizing third-party distributors and government-controlled channels in other markets. The company's distribution model varies by jurisdiction based on regulatory frameworks, market attractiveness, and competitive dynamics.

The company maintains a dual-class share structure with the Brown family controlling more than 50 percent of voting stock, establishing Brown-Forman as a family-controlled company under New York Stock Exchange rules. This long-term ownership structure supports the company's strategic focus on building enduring premium brands and managing aged spirits inventory that requires multi-year production planning. The company emphasizes responsible marketing, sustainability initiatives, and community engagement alongside its core mission of delivering premium spirits to legal-drinking-age consumers worldwide.

Company details
Sector
Consumer Staples
Industry (SIC)
Beverages
Headquarters
LOUISVILLE, KY
Fiscal year end
April
CIK
14693
SIC
2080

Financial performance, year by year

Fiscal 2014–2026 · USD
$-422.80M$845.60M$2.11B$3.38B$4.65B2014201520162017201820192020202120222023202420252026Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Brown–Forman — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

468
funds hold it
3 of 35
superinvestors hold it
$2.74B
held by funds, at market
5
bond issues held by funds

Superinvestors in Brown–Forman · what they did last quarter

Tom RussoDECREASED
Gardner Russo & Quinn
0.7%of 13F portfolio
Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.3%of 13F portfolio
Mark HillmanDECREASED -2.2%
Hillman Capital Management
3.3%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Brown–Forman’s weight in each

VanEck Morningstar Wide Moat ETF
MOAT · VanEck ETF Trust
2.49%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.10%of fund net assets
Invesco S&P 500 Equal Weight ETF
RSP · Invesco Exchange-Traded Fund Trust
—of fund net assets
1.31%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

By share class

ClassHeld by fundsFundsShares out
BF/AClass A Common Stock (voting), $0.15 par value4.2%141168.5M
BF/BClass B Common Stock (nonvoting), $0.15 par value33.5%457290.4M

Brown–Forman’s bonds, as funds hold them

Funds report holding 5 issues of Brown–Forman’s debt, $131.71M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.34%, maturing 2028 to 2045.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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