Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.99B | $3.25B | $3.32B | $3.36B | $3.46B | $3.93B | $4.23B | $4.18B | $3.98B | $3.93B |
| Revenue growth | — | 8.5% | 2.3% | 1.2% | 2.9% | 13.6% | 7.5% | -1.2% | -4.9% | -1.2% |
| Gross profit | $2.02B | $2.20B | $2.17B | $2.13B | $2.09B | $2.39B | $2.49B | $2.53B | $2.34B | $2.38B |
| Gross margin | 67.5% | 67.8% | 65.2% | 63.2% | 60.5% | 60.8% | 59.0% | 60.5% | 58.9% | 60.5% |
| Operating income | $1.01B | $1.05B | $1.14B | $1.09B | $1.17B | $1.20B | $1.13B | $1.41B | $1.11B | $1.00B |
| Operating margin | 33.7% | 32.3% | 34.4% | 32.4% | 33.7% | 30.6% | 26.7% | 33.8% | 27.8% | 25.5% |
| Net income | $669M | $717M | $835M | $827M | $903M | $838M | $783M | $1.02B | $869M | $715M |
| Net margin | 22.3% | 22.1% | 25.1% | 24.6% | 26.1% | 21.3% | 18.5% | 24.5% | 21.9% | 18.2% |
| EPS (diluted) | $1.37 | $1.48 | $1.73 | $1.72 | $1.88 | $1.74 | $1.63 | $2.14 | $1.84 | $1.53 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $656M | $653M | $800M | $724M | $817M | $936M | $640M | $647M | $598M | $1.00B |
| Capital expenditures | $112M | $127M | $119M | $113M | $62.0M | $138M | $183M | $228M | $167M | $107M |
| Free cash flow | $544M | $526M | $681M | $611M | $755M | $798M | $457M | $419M | $431M | $893M |
| Share buybacks | $561M | $1.00M | $207M | $1.00M | $0.00 | $0.00 | $0.00 | $400M | $0.00 | $400M |
| Dividends paid | $274M | $773M | $310M | $325M | $338M | $831M | $378M | $404M | $420M | $427M |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $182M | $239M | $307M | $675M | $1.15B | $868M | $374M | $446M | $444M | $308M |
| Total assets | $4.63B | $4.98B | $5.14B | $5.77B | $6.52B | $6.37B | $7.78B | $8.17B | $8.09B | $7.89B |
| Total liabilities | $3.25B | $3.66B | $3.49B | $3.79B | $3.87B | $3.64B | $4.51B | $4.65B | $4.09B | $3.87B |
| Long-term debt | $1.69B | $2.34B | $2.29B | $2.27B | $2.35B | $2.02B | $2.68B | $2.37B | $2.42B | $2.08B |
| Shareholders' equity | $1.37B | $1.32B | $1.65B | $1.98B | $2.66B | $2.74B | $3.27B | $3.52B | $3.99B | $4.02B |
| Retained earnings | $4.47B | $1.73B | $2.24B | $2.71B | $3.24B | $3.24B | $3.64B | $4.26B | $4.71B | $5.00B |
| Shares (wtd avg diluted) | 488M | 484M | 482M | 480M | 481M | 481M | 480M | 477M | 473M | 467M |
Every figure is extracted from BROWN FORMAN CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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