What is Brown-Forman's EBITDA margin?

Latest reported EBITDA margin for Brown-Forman (BF-B) is 29.91% as of the trailing twelve months (TTM) ending April 30, 2026.

How has Brown-Forman EBITDA margin changed year-over-year?

Brown-Forman (BF-B) EBITDA margin changed −4.2 percentage points year-over-year on the latest annual filing.

When did Brown-Forman EBITDA margin hit its highest annual value?

Brown-Forman EBITDA margin reached its highest annual value of 51.51% in 2016.

What was Brown-Forman EBITDA margin in 2025?

Brown-Forman (BF-B) EBITDA margin in 2025 was 32.45%.

What was Brown-Forman EBITDA margin in 2026?

Brown-Forman (BF-B) EBITDA margin in 2026 was 28.23%.

Brown-Forman (BF-B) EBITDA Margin — Annual & Quarterly %

TTM

29.9%

YoY change

−4.22pp

Trough year (1987)

18.5%

Peak year (2016)

51.5%

EBITDA Margin history chart for Brown-Forman (BF-B) from 1986 to 2026

Latest: 28.2%

EBITDA Margin change chart for Brown-Forman (BF-B) from 1986 to 2026

Latest: −4.22pp

EBITDA Margin history table for Brown-Forman (BF-B) from 1986 to 2026


2026	28.2%	-4.22pp	Apr 30, 2026	Jun 4, 2026
2025	32.5%	-3.74pp	Apr 30, 2025	Jun 13, 2025
2024	36.2%	+8.11pp	Apr 30, 2024	Jun 14, 2024
2023	28.1%	-4.34pp	Apr 30, 2023	Jun 16, 2023
2022	32.4%	-3.38pp	Apr 30, 2022	Jun 17, 2022
2021	35.8%	+1.16pp	Apr 30, 2021	Jun 21, 2021
2020	34.6%	-1.52pp	Apr 30, 2020	Jun 19, 2020
2019	36.2%	+2.02pp	Apr 30, 2019	Jun 13, 2019
2018	34.1%	-0.93pp	Apr 30, 2018	Jun 13, 2018
2017	35.1%	-16.44pp	Apr 30, 2017	Jun 15, 2017
2016	51.5%	+17.04pp	Apr 30, 2016	Jun 16, 2016
2015	34.5%	+0.26pp	Apr 30, 2015	Jun 18, 2015
2014	34.2%	+0.79pp	Apr 30, 2014	Jun 20, 2014
2013	33.4%	+2.57pp	Apr 30, 2013	Jun 27, 2013
2012	30.8%	-4.49pp	Apr 30, 2012	Jun 27, 2012
2011	35.3%	+4.07pp	Apr 30, 2011	Jun 27, 2011
2010	31.3%	+2.17pp	Apr 30, 2010	Jun 25, 2010
2009	29.1%	+0.25pp	Apr 30, 2009	Jun 26, 2009
2008	28.9%	-0.27pp	Apr 30, 2008	Jun 27, 2008
2007	29.1%	-1.49pp	Apr 30, 2007	Jun 28, 2007
2006	30.6%	+9.51pp	Apr 30, 2006	Jun 29, 2006
2005	21.1%	+1.99pp	Apr 30, 2005	Jun 30, 2005
2004	19.1%	-1.61pp	Apr 30, 2004	Jul 2, 2004
2003	20.7%	-0.11pp	Apr 30, 2003	Jul 24, 2003
2002	20.8%	-4.68pp	Apr 30, 2002	Jul 26, 2002
2001	25.5%	+3.68pp	Apr 30, 2001	Jul 27, 2001
2000	21.8%	+0.62pp	Apr 30, 2000	Jul 25, 2000
1999	21.2%	-0.22pp	Apr 30, 1999	Jul 21, 1999
1998	21.4%	+0.17pp	Apr 30, 1998	Jul 17, 1998
1997	21.3%	+0.55pp	Apr 30, 1997	Jul 22, 1997
1996	20.7%	-1.19pp	Apr 30, 1996	Jul 3, 1996
1995	21.9%	+2.16pp	Apr 30, 1995	Jul 18, 1995
1994	19.8%	-0.77pp	Apr 30, 1994	Jul 19, 1994
1993	20.5%	-0.36pp	Apr 30, 1993	Apr 30, 1993
1992	20.9%	-1.36pp	Apr 30, 1992	Apr 30, 1992
1991	22.3%	-2.39pp	Apr 30, 1991	Apr 30, 1991
1990	24.6%	+1.82pp	Apr 30, 1990	Apr 30, 1990
1989	22.8%	+2.83pp	Apr 30, 1989	Apr 30, 1989
1988	20.0%	+1.54pp	Apr 30, 1988	Apr 30, 1988
1987	18.5%	-2.48pp	Apr 30, 1987	Apr 30, 1987
1986	20.9%	—	Apr 30, 1986	Apr 30, 1986

202628.2%-4.22pp
202532.5%-3.74pp
202436.2%+8.11pp
202328.1%-4.34pp
202232.4%-3.38pp
202135.8%+1.16pp
202034.6%-1.52pp
201936.2%+2.02pp
201834.1%-0.93pp
201735.1%-16.44pp
201651.5%+17.04pp
201534.5%+0.26pp
201434.2%+0.79pp
201333.4%+2.57pp
201230.8%-4.49pp
201135.3%+4.07pp
201031.3%+2.17pp
200929.1%+0.25pp
200828.9%-0.27pp
200729.1%-1.49pp
200630.6%+9.51pp
200521.1%+1.99pp
200419.1%-1.61pp
200320.7%-0.11pp
200220.8%-4.68pp
200125.5%+3.68pp
200021.8%+0.62pp
199921.2%-0.22pp
199821.4%+0.17pp
199721.3%+0.55pp
199620.7%-1.19pp
199521.9%+2.16pp
199419.8%-0.77pp
199320.5%-0.36pp
199220.9%-1.36pp
199122.3%-2.39pp
199024.6%+1.82pp
198922.8%+2.83pp
198820.0%+1.54pp
198718.5%-2.48pp
198620.9%—

EBITDA Margin values are taken from Brown-Forman's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About EBITDA Margin at Brown-Forman (BF-B)

According to Brown-Forman's latest reported financial statements, the company's latest reported EBITDA margin is 29.9%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending April 30, 2026 (reported June 4, 2026). Chart and table below cover the full reported history back to 1986.

As of the 2026 fiscal year, Brown-Forman (BF-B) reported EBITDA margin of 28.23% – contracted 4.2 percentage points year-over-year.

The record annual EBITDA margin stands at 51.51%, reached in 2016; the historical low of 18.45% was recorded in 1987.

Brown-Forman EBITDA Margin by Year

Brown-Forman EBITDA Margin 2026: 28.2%

Brown-Forman EBITDA margin in 2026 was 28.23%, contracted 4.2 percentage points from 2025.

Brown-Forman EBITDA Margin 2025: 32.5%

2025's EBITDA margin for Brown-Forman came in at 32.45%, contracted 3.7 percentage points from 2024.

Brown-Forman EBITDA Margin 2024: 36.2%

Brown-Forman posted EBITDA margin of 36.19% in 2024, expanded 8.1 percentage points from 2023.

Brown-Forman EBITDA Margin 2023: 28.1%

In 2023, Brown-Forman reported EBITDA margin of 28.07%, contracted 4.3 percentage points from 2022.

Brown-Forman EBITDA Margin 2022: 32.4%

Brown-Forman EBITDA margin in 2022 was 32.42%.

See more financial history for Brown-Forman (BF-B).

Sector peers by EBITDA Margin

Consumer Defensive peers of Brown-Forman (BF-B), ranked by their latest EBITDA margin


Altria Group (MO)	53.6%
Philip Morris International (PM)	42.8%
Coca-Cola (KO)	37.8%
Monster Beverage (MNST)	31.0%
Procter & Gamble (PG)	26.8%
PepsiCo (PEP)	15.8%
Walmart (WMT)	6.1%
Costco (COST)	4.9%

Frequently asked questions

Brown-Forman (BF-B) Key Financials

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