SuperworthBrown Forman profit margin BF-B
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 18.4%
- Operating margin, 12 months
- 25.4%
- Net margin on a year earlier
- −3.0 pts
- Peer median
- 7.2%
Over the twelve months to Jul 31, 2026, Brown Forman kept 18.4% of its revenue as net profit, with an operating margin of 25.4% and a gross margin of 60.7%.
Five years earlier its net margin was 21.3%.
The median for 7 non-alcoholic beverage stocks of a similar size is 7.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | 18.2% | 25.5% | 60.5% |
| FY2025 | 21.9% | 27.8% | 58.9% |
| FY2024 | 24.5% | 33.8% | 60.5% |
| FY2023 | 18.5% | 26.7% | 59.0% |
| FY2022 | 21.3% | 30.6% | 60.8% |
| FY2021 | 26.1% | 33.7% | 60.5% |
| FY2020 | 24.6% | 32.4% | 63.2% |
| FY2019 | 25.1% | 34.4% | 65.2% |
| FY2018 | 22.1% | 32.3% | 67.8% |
| FY2017 | 22.3% | 33.0% | 67.5% |
| FY2016 | 34.6% | 49.6% | 69.4% |
| FY2015 | 21.9% | 32.8% | 69.7% |
| FY2014 | 22.0% | 32.5% | 69.5% |
| FY2013 | 20.7% | 31.5% | 68.6% |
| FY2012 | 18.8% | 28.9% | 65.9% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q1 FY27 | 18.4% | −3.0 pts | 25.4% | |
| Q4 FY26 | 18.2% | −3.7 pts | 25.5% | |
| Q3 FY26 | 20.6% | −3.8 pts | 28.4% | |
| Q2 FY26 | 20.8% | −3.8 pts | 27.0% | |
| Q1 FY26 | 21.4% | −2.8 pts | 27.5% | |
| Q4 FY25 | 21.9% | −2.6 pts | 27.8% | |
| Q3 FY25 | 24.4% | +1.8 pts | 31.6% | |
| Q2 FY25 | 24.6% | +6.4 pts | 33.6% | |
| Q1 FY25 | 24.2% | +6.2 pts | 33.4% | |
| Q4 FY24 | 24.5% | +6.0 pts | 33.8% | |
| Q3 FY24 | 22.7% | +5.3 pts | 31.4% | |
| Q2 FY24 | 18.3% | −3.2 pts | 26.6% |
Against its peers
Companies in Beverages - Non-Alcoholic nearest Brown Forman's size, closest first, today.
| Company | Profit margin |
|---|---|
| BF-BBrown Forman | 18.4% |
| COKECoca-Cola Consolidated | 7.2% |
| CELHCelsius | 4.2% |
| PRMBPrimo Brands | 1.5% |
| KDPKeurig Dr Pepper | 7.1% |
| FIZZNational Beverage | 14.8% |
| COCOVita Coco | 15.7% |
| MNSTMonster Beverage | 23.1% |
| Peer median | 7.2% |
Where Brown Forman ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Brown Forman
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.