WinstonWınston
Brown-Forman Corporation logo

Brown-Forman Corporation

BF-A
54
Beverages - Alcoholic · Consumer Defensive
Price
$29.06
+0.44 (+1.54%)
Market Cap
$13.32B
Exchange
New York Stock Exchange
Winston Score
54
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 9, 2026 · filings through Apr 30, 2026

Share count falling — buybacks

2.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 480.6M (2022) → 466.7M (2026)

Brown-Forman is one of the largest American-owned spirits and wine companies in the world. It makes and sells alcoholic beverages, with its most famous product being Jack Daniel's Tennessee Whiskey — one of the best-selling whiskey brands globally. The company also owns other brands like Woodford Reserve bourbon, Herradura tequila, and Finlandia vodka, selling to bars, restaurants, retailers, and consumers across more than 170 countries.

Brown-Forman earns money by producing and selling its branded spirits, collecting revenue each time a bottle moves through distributors to stores or venues. The United States is its largest market, but international sales — especially in Europe and emerging markets — make up a significant portion of revenue. Its main competitive advantage is the Jack Daniel's brand, which has decades of consumer loyalty and strong global recognition. The key risk is that premium spirits demand has softened in several markets recently, and tariffs on American whiskey exports could pressure international sales growth.

Winston Score History

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
62.6%
Premium pricing power — 62.6% gross margin
Operating Margin
23.7%
Excellent — 23.7% operating margin
ROCE
3.5%
Weak — 3.5% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY
-1.2%
Shrinking sales (-1.2% YoY)
EPS YoY
-17.4%
Earnings shrinking (-17.4% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
1/8 quarters
Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion
140%
Turns 140% of profit into real cash
FCF Margin
22.7%
Converts sales into free cash efficiently (22.7%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity
0.54
Conservative — low debt load (0.54)
Interest Cover
11.40x
Comfortably covers interest (11.4x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)
19.1x
Fair value — P/E 19.1

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward
+2.4
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield
3.20%
Moderate income — 3.20% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth
+2.0%
Dividend flat

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial