Touchstone
Last syncOct 31, 2026, 6:54 PM ET

BF-B

Brown Forman Corp Consumer Staples Beverages S&P 500
$28.71Close $22.41 – $30.1852-week range Dec 3, 2026Next report

Highlights

Strengths

  • Near its high 5% below its 52-week high

Cautions

  • Trend not confirmed 6 of 8 conditions · under 30% off the low, RS under 70

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Apr 30, 2026 · filed Sep 2, 2026
Off 12-month high 5%
1wk down 2.4% price change
1mo up 9.6% price change
12-month return up 11% market up 11% · its own 0%
F-score — — Not assessed
Altman Z — Unknown
P/E — price / earnings
PEG — P/E / EPS growth
P/B — price / book
Earnings yield — EBIT / enterprise value
Cheaper than — of the market · not assessed
Revenue growth down 1% year on year
EPS growth up 7% latest quarter · +69 pts
Sales growth down 1% latest quarter · -3 pts
ROE up 18% return on equity
Free cash margin up 23% $893.0M FCF
D/E 0.52 long-term debt / equity
Net debt / EBITDA 1.6×
Interest cover 9.7×EBIT / interest
Piotroski tests

Repair signals

  • Long-term debt down 14% ($2.4B → $2.1B)
  • Gross margin 58.9% → 60.5%

Trade setup

ATR% 2.7% $0.78 a day · 2×ATR $27.16
RS 59 / 99 vs the universe
Trend 6 / 8 under 30% off the low, RS under 70
Relative volume 1.3× vs 50-day average
Up/down volume 1.08 50 sessions
Implied move 10.7% by Dec 18, 2026 · report Dec 3, 2026
Trend template · 6 of 8
  • At least 30% above the 52-week low: fails
  • RS rank 70 or higher: fails

Screen verdict

Did not qualify for any screen.

Warning signs

1 flagged
  • Revenue shrinking Revenue fell 1.2% over the year, from $4.0B to $3.9B.
Last reported Sep 2, 2026
Results reaction Sep 2, 2026+4% vs market2 sessions after results
Options $23,13834.0% IV · activity

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $3.9B -1% on FY2025
$0 $5B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $3.5B FY2022 · $3.9B FY2023 · $4.2B FY2024 · $4.2B FY2025 · $4.0B FY2026 · $3.9B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $715.0M -18% on FY2025
$0 $2B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $903.0M FY2022 · $838.0M FY2023 · $783.0M FY2024 · $1.0B FY2025 · $869.0M FY2026 · $715.0M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $893.0M +107% on FY2025
$0 $1B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $755.0M FY2022 · $798.0M FY2023 · $457.0M FY2024 · $419.0M FY2025 · $431.0M FY2026 · $893.0M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 61%
  • Net 18%
  • Free cash 23%
0% 100% FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · Gross 61% · Net 26% · Free cash 22% FY2022 · Gross 61% · Net 21% · Free cash 20% FY2023 · Gross 59% · Net 19% · Free cash 11% FY2024 · Gross 60% · Net 25% · Free cash 10% FY2025 · Gross 59% · Net 22% · Free cash 11% FY2026 · Gross 61% · Net 18% · Free cash 23%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $1.8B net debt
  • Cash
  • Long-term debt
$0 $5B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · Cash $1.1B · Long-term debt $2.4B FY2022 · Cash $868.0M · Long-term debt $2.0B FY2023 · Cash $374.0M · Long-term debt $2.7B FY2024 · Cash $446.0M · Long-term debt $2.4B FY2025 · Cash $444.0M · Long-term debt $2.4B FY2026 · Cash $308.0M · Long-term debt $2.1B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology
479.32m 472.60m FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · 478.73m FY2022 · 479.02m FY2023 · 479.32m FY2024 · 472.60m FY2025 · 472.67m FY2026
  FY2021Apr 30, 2021 FY2022Apr 30, 2022 FY2023Apr 30, 2023 FY2024Apr 30, 2024 FY2025Apr 30, 2025 FY2026Apr 30, 2026
Revenue $3.5B $3.9B $4.2B $4.2B $4.0B $3.9B
Gross margin 61% 61% 59% 60% 59% 61%
Operating income $1.2B $1.2B $1.1B $1.4B $1.1B $1.0B
Net income $903.0M $838.0M $783.0M $1.0B $869.0M $715.0M
Net margin 26% 21% 19% 25% 22% 18%
Earnings per share $1.88 $1.74 $1.63 $2.15 $1.84 $1.53
Free cash flow $755.0M $798.0M $457.0M $419.0M $431.0M $893.0M
Free cash margin 22% 20% 11% 10% 11% 23%
Cash $1.1B $868.0M $374.0M $446.0M $444.0M $308.0M
Long-term debt $2.4B $2.0B $2.7B $2.4B $2.4B $2.1B
Shareholders' equity $2.7B $2.7B $3.3B $3.5B $4.0B $4.0B
Shares outstanding 478.73m 479.02m 479.32m 472.60m 472.67m —

Next report

Dec 3, 2026

Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology ±10.7% $26 – $32 by Dec 18, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology ±5.5% last 4: +5.3% · +5.7% · -7.1% · +1.8%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology Bigger than usual 2.0× the usual move

What options price now

Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
$27 – $31 ±6.8% by Nov 20, 2026
Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
About the same 34.0% priced · 36.9% recent
Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
Calmer
Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
past week: costs more
Positioning
Premium traded
$23,138 calls $18,975 · puts $4,162 · latest session
Puts against calls, by premium Money spent on puts divided by money spent on calls. Measured in dollars rather than contracts on purpose: counting contracts treats a hundred cheap lottery tickets as more meaningful than one large position, which is backwards. Methodology
0.22× +0.12 over the week
Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
calls +204 · puts +28 past week

For options traders: ATM IV 34.0% (+1.6% 1w) · 1m ÷ 3m IV 0.89 · 25Δ skew 8.2 pts · Net GEX $627,408

Most traded contracts

No contract passed the liquidity filters this week.

Filings

SEC EDGAR
FiledReportPeriod to Lag
Sep 2, 2026 Quarterly ↗ Jul 31, 2026 33d
Jun 12, 2026 Annual ↗ Apr 30, 2026 43d
Mar 4, 2026 Quarterly ↗ Jan 31, 2026 32d
Dec 4, 2025 Quarterly ↗ Oct 31, 2025 34d
Aug 28, 2025 Quarterly ↗ Jul 31, 2025 28d
Jun 13, 2025 Annual ↗ Apr 30, 2025 44d
Mar 5, 2025 Quarterly ↗ Jan 31, 2025 33d
Dec 5, 2024 Quarterly ↗ Oct 31, 2024 35d
Aug 29, 2024 Quarterly ↗ Jul 31, 2024 29d
Jun 14, 2024 Annual ↗ Apr 30, 2024 45d
Mar 6, 2024 Quarterly ↗ Jan 31, 2024 35d
Dec 6, 2023 Quarterly ↗ Oct 31, 2023 36d

Current reports

FiledDisclosed
Sep 21, 2026 Material agreement · New obligation ↗
Sep 2, 2026 Results ↗
Jul 23, 2026 Shareholder vote · Regulation FD ↗
Jul 13, 2026 Director or officer change · Regulation FD ↗
Jun 4, 2026 Results ↗
Apr 28, 2026 Regulation FD ↗
Mar 27, 2026 Regulation FD ↗
Mar 16, 2026 Director or officer change · Regulation FD ↗
Mar 4, 2026 Results ↗
Dec 4, 2025 Results ↗
Oct 31, 2025 Director or officer change ↗
Oct 2, 2025 Regulation FD · Other events ↗