financial statements

The full income statement, balance sheet, and cash-flow statement for Brown–Forman (BF-B), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2026	FY2025	FY2024	FY2023	FY2022
Income Statement	as ofApr 30 ’26	as ofApr 30 ’25	as ofApr 30 ’24	as ofApr 30 ’23	as ofApr 30 ’22
Revenue	3.93B YoY-1.2%	3.98B YoY-4.9%	4.18B YoY-1.2%	4.23B YoY+7.5%	3.93B YoY+13.6%
	2.38B YoY+1.5%	2.34B YoY-7.2%	2.53B YoY+1.3%	2.49B YoY+4.3%	2.39B YoY+14.2%
Cost of revenue	1.55B YoY-5.0%	1.63B YoY-1.2%	1.65B YoY-4.7%	1.73B YoY+12.5%	1.54B YoY+12.8%
Selling, general & administrative	807M YoY+8.5%	744M YoY-9.9%	826M YoY+11.3%	742M YoY+7.5%	690M YoY+2.8%
Restructuring	19.0M YoY-58.7%	46.0M	—	—	—
Operating income	1.00B YoY-9.6%	1.11B YoY-21.7%	1.41B YoY+25.5%	1.13B YoY-6.4%	1.20B YoY+3.3%
Interest expense	103M YoY-15.6%	122M YoY-3.9%	127M YoY+41.1%	90.0M YoY+9.8%	82.0M YoY+1.2%
Interest & investment income	14.0M YoY-17.6%	17.0M YoY+21.4%	14.0M YoY+55.6%	9.00M YoY+80.0%	5.00M YoY+150.0%
Pre-tax income	885M YoY-18.1%	1.08B YoY-16.7%	1.30B YoY+27.6%	1.02B YoY-8.7%	1.11B YoY+3.1%
Income tax	170M YoY-19.8%	212M YoY-22.6%	274M YoY+17.1%	234M YoY-15.2%	276M YoY+55.1%
	715M YoY-17.7%	869M YoY-15.1%	1.02B YoY+30.8%	783M YoY-6.6%	838M YoY-7.2%
Net income to common	715M YoY-17.7%	869M YoY-15.1%	1.02B YoY+30.8%	783M YoY-6.6%	838M
	$1.53 YoY-16.8%	$1.84 YoY-14.0%	$2.14 YoY+31.3%	$1.63 YoY-6.3%	$1.74 YoY-7.4%
EPS (basic)	$1.53 YoY-16.8%	$1.84 YoY-14.4%	$2.15 YoY+31.9%	$1.63 YoY-6.9%	$1.75 YoY-7.4%
Weighted-avg shares (basic)	466M YoY-1.3%	473M YoY-0.8%	476M YoY-0.6%	479M YoY+0.1%	479M YoY+0.1%
Weighted-avg shares (diluted)	467M YoY-1.3%	473M YoY-0.9%	477M YoY-0.7%	480M YoY-0.0%	481M YoY-0.0%
Balance Sheet	as ofApr 30 ’26	as ofApr 30 ’25	as ofApr 30 ’24	as ofApr 30 ’23	as ofApr 30 ’22
	3.99B YoY-4.9%	4.20B YoY+3.9%	4.04B YoY+6.2%	3.80B YoY+0.7%	3.78B YoY-3.6%
Cash & equivalents	308M YoY-30.6%	444M YoY-0.4%	446M YoY+19.3%	374M YoY-56.9%	868M YoY-24.5%
Accounts receivable	832M YoY+0.2%	830M YoY+7.9%	769M YoY-10.1%	855M YoY+5.2%	813M YoY+8.0%
Inventory	2.54B YoY+1.3%	2.51B YoY-1.8%	2.56B YoY+12.0%	2.28B YoY+25.6%	1.82B YoY+3.8%
Prepaid expenses	308M YoY+6.6%	289M YoY+9.1%	265M YoY-8.3%	289M YoY+4.3%	277M YoY+5.3%
Other current assets	308M YoY+6.6%	289M YoY+9.1%	265M YoY+58.7%	167M YoY+36.9%	122M YoY+31.2%
	7.89B YoY-2.4%	8.09B YoY-1.0%	8.17B YoY+5.0%	7.78B YoY+22.0%	6.37B YoY-2.3%
Property, plant & equipment	1.12B YoY+1.9%	1.09B YoY+2.0%	1.07B YoY+4.2%	1.03B YoY+17.8%	875M YoY+5.2%
Operating lease right-of-use	106M YoY+5.0%	101M YoY+5.2%	96.0M YoY+14.3%	84.0M YoY+13.5%	74.0M YoY+10.4%
Goodwill	1.52B YoY+1.1%	1.50B YoY+3.4%	1.46B YoY-0.1%	1.46B YoY+91.5%	761M YoY-2.3%
Intangible assets	943M YoY-3.9%	981M YoY-0.9%	990M YoY-14.9%	1.16B YoY+98.6%	586M YoY-13.3%
Deferred tax assets	35.0M YoY-25.5%	47.0M YoY-31.9%	69.0M YoY+4.5%	66.0M YoY-10.8%	74.0M YoY+5.7%
Other non-current assets	287M YoY+9.1%	263M YoY-3.3%	272M YoY+6.7%	255M YoY-15.3%	301M YoY+21.4%
	1.23B YoY+14.1%	1.08B YoY-30.7%	1.56B YoY+43.8%	1.08B YoY+4.8%	1.03B YoY+12.6%
Accounts payable	214M YoY-11.9%	243M YoY-9.0%	267M YoY-13.3%	308M YoY+41.3%	218M YoY+26.7%
Accrued liabilities	581M YoY+16.7%	498M YoY-5.3%	526M YoY+1.3%	519M YoY+7.0%	485M YoY-4.3%
Short-term & current debt	351M	0.00 YoY-100.0%	300M	0.00 YoY-100.0%	250M
Current lease liability	31.0M YoY+19.2%	26.0M YoY+8.3%	24.0M YoY+9.1%	22.0M YoY+4.8%	21.0M YoY+5.0%
	3.87B YoY-5.4%	4.09B YoY-12.0%	4.65B YoY+3.1%	4.51B YoY+24.0%	3.64B YoY-5.9%
Long-term debt	2.08B YoY-14.0%	2.42B YoY+2.1%	2.37B YoY-11.4%	2.68B YoY+32.6%	2.02B YoY-14.2%
Non-current lease liability	78.0M YoY+0.0%	78.0M YoY+6.8%	73.0M YoY+15.9%	63.0M YoY+16.7%	54.0M YoY+10.2%
Deferred tax liabilities	207M YoY-14.1%	241M YoY-23.5%	315M YoY-2.5%	323M YoY+47.5%	219M YoY+29.6%
Other non-current liabilities	180M YoY-3.7%	187M YoY-23.0%	243M YoY-4.0%	253M YoY+39.8%	181M YoY-12.1%
	4.02B YoY+0.7%	3.99B YoY+13.5%	3.52B YoY+7.6%	3.27B YoY+19.4%	2.74B YoY+3.0%
Additional paid-in capital	62.0M YoY+72.2%	36.0M YoY+176.9%	13.0M YoY+1200.0%	1.00M	0.00
Retained earnings	5.00B YoY+6.1%	4.71B YoY+10.5%	4.26B YoY+17.0%	3.64B YoY+12.4%	3.24B YoY-0.0%
Treasury stock	1.00B YoY+66.0%	605M YoY-0.5%	608M YoY+185.4%	213M YoY-5.3%	225M YoY-5.1%
Accumulated other comprehensive income	-108M YoY+50.9%	-220M YoY+0.5%	-221M YoY+6.0%	-235M YoY+33.2%	-352M YoY+16.6%
Total liabilities & equity	7.89B YoY-2.4%	8.09B YoY-1.0%	8.17B YoY+5.0%	7.78B YoY+22.0%	6.37B YoY-2.3%
Common shares issued	485M YoY+0.0%	485M YoY+0.0%	485M YoY+0.0%	485M YoY+0.0%	485M YoY+0.0%
Common shares outstanding	473M YoY+0.0%	473M YoY+0.0%	473M YoY-1.4%	479M YoY+0.1%	479M YoY+0.1%
Shares outstanding (cover)	473M YoY+0.0%	473M YoY+0.0%	473M YoY-1.4%	479M YoY+0.1%	479M YoY+0.1%
Cash Flow	as ofApr 30 ’26	as ofApr 30 ’25	as ofApr 30 ’24	as ofApr 30 ’23	as ofApr 30 ’22
	1.00B YoY+67.2%	598M YoY-7.6%	647M YoY+1.1%	640M YoY-31.6%	936M YoY+14.6%
Depreciation & amortization	92.0M YoY+5.7%	87.0M YoY+0.0%	87.0M YoY+8.8%	80.0M YoY+1.3%	79.0M YoY+2.6%
Share-based compensation	32.0M YoY+14.3%	28.0M YoY+12.0%	25.0M YoY+38.9%	18.0M YoY+20.0%	15.0M YoY+25.0%
Deferred income taxes	-37.0M YoY+5.1%	-39.0M YoY-316.7%	18.0M YoY+700.0%	-3.00M YoY+72.7%	-11.0M YoY+79.2%
Change in receivables	-25.0M YoY-135.7%	70.0M YoY+179.5%	-88.0M YoY-519.0%	21.0M YoY-72.7%	77.0M YoY-48.7%
Change in inventory	22.0M YoY-65.6%	64.0M YoY-81.7%	349M YoY-13.4%	403M YoY+333.3%	93.0M YoY+151.4%
	-71.0M YoY-128.5%	249M YoY+408.2%	49.0M YoY+103.6%	-1.35B YoY-966.9%	-127M YoY-229.6%
Capital expenditure	107M YoY-35.9%	167M YoY-26.8%	228M YoY+24.6%	183M YoY+32.6%	138M YoY+122.6%
Acquisitions	—	0.00	0.00 YoY-100.0%	1.20B	0.00 YoY-100.0%
Other investing activities	-3.00M YoY+80.0%	-15.0M YoY+51.6%	-31.0M YoY-34.8%	-23.0M YoY-109.1%	-11.0M YoY-466.7%
	-1.07B YoY-27.4%	-843M YoY-36.4%	-618M YoY-358.6%	239M YoY+123.0%	-1.04B YoY-114.0%
Long-term debt issued	—	0.00	0.00 YoY-100.0%	648M	0.00
Long-term debt repaid	0.00 YoY-100.0%	300M	0.00 YoY-100.0%	250M	0.00
Common stock repurchased	400M	0.00 YoY-100.0%	400M	0.00	0.00
Dividends paid	427M YoY+1.7%	420M YoY+4.0%	404M YoY+6.9%	378M YoY-54.5%	831M YoY+145.9%
Other financing activities	-3.00M YoY+50.0%	-6.00M YoY+0.0%	-6.00M YoY+60.0%	-15.0M YoY-36.4%	-11.0M YoY+47.6%
FX effect on cash	9.00M YoY+200.0%	3.00M YoY+150.0%	-6.00M YoY+57.1%	-14.0M YoY+70.2%	-47.0M YoY-204.4%
Net change in cash	-136M YoY-2042.9%	7.00M YoY-90.3%	72.0M YoY+114.7%	-490M YoY-77.5%	-276M YoY-158.1%
Interest paid	101M YoY-15.1%	119M YoY-4.8%	125M YoY+47.1%	85.0M YoY+6.3%	80.0M YoY+1.3%
Income taxes paid	232M YoY-23.4%	303M YoY+25.2%	242M YoY-12.9%	278M YoY+23.0%	226M YoY+10.8%
Valuation Ratios	as ofApr 30 ’26	as ofApr 30 ’25	as ofApr 30 ’24	as ofApr 30 ’23	as ofApr 30 ’22
Market cap	12.2B YoY-26.0%	16.5B YoY-27.2%	22.6B YoY-27.5%	31.2B YoY-3.4%	32.3B YoY-11.5%
P/E	17.0× YoY-10.1%	19.0× YoY-14.2%	22.1× YoY-48.5%	42.9× YoY+7.2%	40.0× YoY-1.1%
P/S	3.1× YoY-25.1%	4.1× YoY-23.5%	5.4× YoY-27.5%	7.5× YoY-13.3%	8.6× YoY-18.4%
P/B	3.0× YoY-26.5%	4.1× YoY-35.9%	6.4× YoY-37.3%	10.3× YoY-19.9%	12.8× YoY-6.8%
P/FCF	13.6× YoY-64.3%	38.2× YoY-29.2%	54.0× YoY-18.5%	66.2× YoY+73.3%	38.2× YoY-21.0%
Earnings yield	5.9% YoY+11.2%	5.3% YoY+16.5%	4.5% YoY+94.2%	2.3% YoY-6.7%	2.5% YoY+1.1%
FCF yield	7.3% YoY+180.1%	2.6% YoY+41.3%	1.9% YoY+22.7%	1.5% YoY-42.3%	2.6% YoY+26.6%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: BF-B's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BF-B filings on SEC EDGAR → Not investment advice.

BF-B▼ financial statements

About this data

financial statements