BROWN FORMAN CORP (BF-B) closed fiscal year 2026 with a gross margin of 60.5 % and a net margin of 18.2 %.
BROWN FORMAN CORP (BF-B) closed fiscal year 2026 with a gross margin of 60.5 % and a net margin of 18.2 %. The same year shows an EBITDA margin of 27.8 % and an EBIT margin of 25.5 %. The free cash flow margin was 22.7 %. Against the previous year the gross margin moved +1.6 pp and the net margin −3.7 pp. Across the period the gross margin ranges between 49.4 % in 2009 and 67.8 % in 2018. The series covers 18 fiscal years, from 2009 to 2026. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: April
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 49.40 % | 49.94 % | 50.65 % | 49.67 % | 51.66 % | 52.66 % | 53.30 % | 53.45 % | 67.50 % | 67.80 % | 65.16 % | 63.25 % | 60.50 % | 60.79 % | 58.99 % | 60.46 % | 58.94 % | 60.54 % |
| EBITDA margin (%) | 22.43 % | 23.84 % | 26.76 % | 23.16 % | 25.08 % | 25.87 % | 26.32 % | 39.62 % | 35.67 % | 34.24 % | 36.58 % | 34.64 % | 35.91 % | 32.62 % | 28.55 % | 35.93 % | 30.04 % | 27.83 % |
| EBIT margin (%) | 20.71 % | 22.01 % | 25.12 % | 21.80 % | 23.73 % | 24.61 % | 25.07 % | 38.22 % | 33.73 % | 32.27 % | 34.42 % | 32.44 % | 33.69 % | 30.61 % | 26.66 % | 33.84 % | 27.85 % | 25.48 % |
| Net margin (%) | 13.63 % | 13.92 % | 16.80 % | 14.19 % | 15.62 % | 16.70 % | 16.70 % | 26.60 % | 22.34 % | 22.08 % | 25.12 % | 24.59 % | 26.09 % | 21.31 % | 18.52 % | 24.51 % | 21.86 % | 18.20 % |
| FCF margin (%) | 13.85 % | 15.84 % | 14.34 % | 12.67 % | 11.68 % | 13.25 % | 11.91 % | 10.37 % | 18.17 % | 16.19 % | 20.49 % | 18.17 % | 21.81 % | 20.29 % | 10.81 % | 10.03 % | 10.84 % | 22.73 % |
