BROWN FORMAN CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 4/30/26
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 2,502 | 38.4 |
| Stockholders' equity | 4,020 | 61.6 |
| Total capitalization | 6,522 | 100.0 |
LONG-TERM DEBT 4/30/26
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 2,434 |
| Long-term debt, noncurrent | 2,083 |
| Current maturities | 351 |
| Short-term borrowings / commercial paper | 68 |
CAPITAL STOCK 4/30/26
| Treasury shares | 25,828,000 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2026 | 0.92 | 59.8 |
| 2025 | 0.89 | 48.3 |
| 2024 | 0.85 | 39.6 |
| 2023 | 0.79 | 48.3 |
| 2022 | 1.74 | 99.8 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 2080, Beverages. Large accelerated filer. Principal executive office: 850 Dixie Hwy, Louisville, KY 40210. Fiscal year ends April 30. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 4/30/26 | 4/30/25 | 4/30/24 |
|---|---|---|---|
| Revenues | 3,928 | 3,975 | 4,178 |
| Cost of revenues | 1,550 | 1,632 | 1,652 |
| Gross profit | 2,378 | 2,343 | 2,526 |
| Selling, general and administrative | 807 | 744 | 826 |
| Depreciation and amortization | 92 | 87 | 87 |
| Operating income | 1,001 | 1,107 | 1,414 |
| Interest expense | 103 | 122 | 127 |
| Income before income taxes | 885 | 1,081 | 1,298 |
| Income taxes | 170 | 212 | 274 |
| Net income | 715 | 869 | 1,024 |
| Earned per share, diluted ($) | 1.53 | 1.84 | 2.14 |
| Dividends per share ($) | 0.92 | 0.89 | 0.85 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 4/30/26 | 4/30/25 |
|---|---|---|
| Cash and equivalents | 308 | 444 |
| Receivables, net | 832 | 830 |
| Inventories | 2,543 | 2,511 |
| Total current assets | 3,991 | 4,195 |
| Property, plant and equipment, net | 1,116 | 1,095 |
| Goodwill | 1,522 | 1,505 |
| Total assets | 7,894 | 8,086 |
| Total current liabilities | 1,232 | 1,080 |
| Long-term debt | 2,083 | 2,421 |
| Total liabilities | 3,874 | 4,093 |
| Stockholders' equity | 4,020 | 3,993 |
| Total liabilities and equity | 7,894 | 8,086 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4/30/26 | 3,928 | 1,001 | 715 | 18.2 | 1.53 | 0.92 | 1,000 | 107 | 893 | 7,894 | 3,874 | 2,502 | 4,020 | 17.8 | 0.62 |
| 4/30/25 | 3,975 | 1,107 | 869 | 21.9 | 1.84 | 0.89 | 598 | 167 | 431 | 8,086 | 4,093 | 2,733 | 3,993 | 21.8 | 0.68 |
| 4/30/24 | 4,178 | 1,414 | 1,024 | 24.5 | 2.14 | 0.85 | 647 | 228 | 419 | 8,166 | 4,649 | 3,100 | 3,517 | 29.1 | 0.88 |
| 4/30/23 | 4,228 | 1,127 | 783 | 18.5 | 1.63 | 0.79 | 640 | 183 | 457 | 7,777 | 4,509 | 2,913 | 3,268 | 24.0 | 0.89 |
| 4/30/22 | 3,933 | 1,204 | 838 | 21.3 | 1.74 | 1.74 | 936 | 138 | 798 | 6,373 | 3,636 | 2,269 | 2,737 | 30.6 | 0.83 |
| 4/30/21 | 3,461 | 1,166 | 903 | 26.1 | 1.88 | 0.71 | 817 | 62 | 755 | 6,522 | 3,866 | 2,559 | 2,656 | 34.0 | 0.96 |
| 4/30/20 | 3,363 | 1,091 | 827 | 24.6 | 1.72 | 0.68 | 724 | 113 | 611 | 5,766 | 3,791 | 2,602 | 1,975 | 41.9 | 1.32 |
| 4/30/19 | 3,324 | 1,144 | 835 | 25.1 | 1.73 | 0.65 | 800 | 119 | 681 | 5,139 | 3,492 | 2,440 | 1,647 | 50.7 | 1.48 |
| 4/30/18 | 3,248 | 1,048 | 717 | 22.1 | 1.48 | 1.61 | 653 | 127 | 526 | 4,976 | 3,660 | 2,556 | 1,316 | 54.5 | 1.94 |
| 4/30/17 | 2,994 | 1,010 | 669 | 22.3 | 1.37 | 0.56 | 656 | 112 | 544 | 4,625 | 3,255 | 2,149 | 1,370 | 48.8 | 1.57 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
BROWN FORMAN CORP
CIK 14693 · EIN 61-0143150
PRINCIPAL OFFICE:
850 Dixie Hwy, Louisville, KY 40210
Tel.: 5025851100
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
2080 · Beverages
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 4/30/26, filed 12 June 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2026 (filed 6/12/26) · 10-K FY2025 (filed 6/13/25) · 10-K FY2024 (filed 6/14/24) · 10-K FY2023 (filed 6/16/23) · 10-K FY2022 (filed 6/17/22) · 10-K FY2021 (filed 6/21/21) · 10-K/A FY2020 (filed 6/22/20) · 10-K FY2019 (filed 6/13/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.