BF-B FY 2025 Earnings Report — Brown-Forman Corporation Revenue & Financial Results | Market Cap Arena

Brown-Forman CorporationBF-B

FY 2025 Earnings

Reported June 13, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$4.0B	—	$4.2B	—	-4.9%
Op. Income	$1.1B	—	$1.4B	—	-21.7%
Gross Margin	58.9%	—	60.5%	—	-1.5pp
Net Margin	21.9%	—	24.5%	—	-2.6pp
EPS (Diluted)	$1.84	—	$2.15	—	-14.4%
Free Cash Flow	$431M	—	$419M	—	2.9%

Revenue Flow

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$1.6B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$484M
General & Administrative	$744M
SG&A Expenses	$1.2B
Other Expenses	$8M
Operating Expenses	$1.2B
Cost & Expenses	$2.9B
OPERATING INCOME	$1.1B
Interest Income	$17M
Interest Expense	$122M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$212M
Net Income from Continuing Ops	$869M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$869M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$869M
D&A	$87M
EBIT	$1.2B
EBITDA	$1.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$1.6B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$484M
General & Administrative	$744M
SG&A Expenses	$1.2B
Other Expenses	$8M
Operating Expenses	$1.2B
Cost & Expenses	$2.9B
OPERATING INCOME	$1.1B
Interest Income	$17M
Interest Expense	$122M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$212M
Net Income from Continuing Ops	$869M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$869M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$869M
D&A	$87M
EBIT	$1.2B
EBITDA	$1.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$869M
Depreciation & Amortization	$87M
Stock-Based Compensation	$28M
Deferred Income Tax	-$39M
Other Non-Cash Items	-$94M
Change in Working Capital	-$253M
OPERATING CASH FLOW	$598M
Capital Expenditure	-$167M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$267M
Other Investing Activities	$149M
NET CASH FROM INVESTING	$249M
Net Debt Issuance	-$417M
Common Stock Repurchased	$0
Common Dividends Paid	-$420M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$843M
FREE CASH FLOW	$431M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$444M
Short-Term Investments	$0
Net Receivables	$830M
Inventory	$2.5B
Other Current Assets	$410M
TOTAL CURRENT ASSETS	$4.2B
PP&E (Net)	$1.1B
Goodwill	$1.5B
Intangible Assets	$981M
Long-Term Investments	$3M
Tax Assets	$47M
Other Non-Current Assets	$260M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$8.1B
Account Payables	$243M
Short-Term Debt	$312M
Deferred Revenue	$0
Other Current Liabilities	$86M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$2.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$241M
Other Non-Current Liabilities	$351M
TOTAL NON-CURRENT LIABILITIES	$3.0B
TOTAL LIABILITIES	$4.1B
Common Stock	$72M
Additional Paid-In Capital	$36M
Retained Earnings	$4.7B
Treasury Stock	-$605M
Accum. Other Comp. Income	-$220M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.0B
Minority Interest	$0
TOTAL EQUITY	$4.0B
TOTAL LIABILITIES & EQUITY	$8.1B
Total Debt	$2.7B
Net Debt	$2.3B