Brown-Forman Corporation (BF-B) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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BF-B EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
BF-B Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 58.9% | 27.8% | 21.9% |
| 2024 | 60.5% | 33.8% | 24.5% |
| 2023 | 59.0% | 26.7% | 18.5% |
| 2022 | 60.8% | 30.6% | 21.3% |
| 2021 | 60.5% | 33.7% | 26.1% |
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Brown-Forman Corporation (BF-B) Earnings Overview
As of May 8, 2026, Brown-Forman Corporation (BF-B) reported trailing twelve-month net income of $807M, reflecting -14.4% year-over-year growth. The company earned $1.71 per diluted share over the past four quarters, with a net profit margin of 21.9%.
Looking at the long-term picture, BF-B's 5-year EPS compound annual growth rate (CAGR) stands at +1.4%, reflecting modest earnings expansion. The company achieved its highest annual net income of $1.07B in fiscal 2016.
Brown-Forman Corporation maintains industry-leading profitability with a gross margin of 58.9%, operating margin of 27.8%, and net margin of 21.9%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including DEO ($5.49B net income, 11.6% margin), BUD ($12.57B net income, 9.8% margin), STZ ($1.11B net income, -0.8% margin), BF-B has outperformed on profitability metrics. Compare BF-B vs DEO →
BF-B Earnings vs Peers
Earnings metrics vs comparable public companies
BF-B Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $869M | -15.1% | $1.11B | $1.84 | 21.9% | 27.8% |
| 2024 | $1.02B | +30.8% | $1.41B | $2.15 | 24.5% | 33.8% |
| 2023 | $783M | -6.6% | $1.13B | $1.63 | 18.5% | 26.7% |
| 2022 | $838M | -7.2% | $1.20B | $1.74 | 21.3% | 30.6% |
| 2021 | $903M | +9.2% | $1.17B | $1.88 | 26.1% | 33.7% |
| 2020 | $827M | -1.0% | $1.09B | $1.72 | 24.6% | 32.4% |
| 2019 | $835M | +16.5% | $1.14B | $1.73 | 25.1% | 34.4% |
| 2018 | $717M | +7.2% | $1.05B | $1.48 | 22.1% | 32.3% |
| 2017 | $669M | -37.3% | $1.01B | $1.37 | 22.3% | 33.7% |
| 2016 | $1.07B | +56.0% | $1.53B | $2.09 | 34.5% | 49.6% |
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Start ComparisonBF-B — Frequently Asked Questions
Quick answers to the most common questions about buying BF-B stock.
Is BF-B growing earnings?
BF-B EPS fell to $1.71, with earnings declining -14.4%. This contrasts with the 5-year CAGR of +1.4%. TTM net income dropped to $807M.
What are BF-B's profit margins?
Brown-Forman Corporation net margin is +21.9%, with operating margin at +27.8%. Above-average margins indicate pricing power.
How consistent are BF-B's earnings?
BF-B earnings data spans 1989-2025. The declining earnings trend is -14.4% YoY. Historical data enables comparison across business cycles.