Brown Forman's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Brown Forman (BFA) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Brown Forman vs Its Competitors
- TTM: Trailing 12-month revenue of 5,201M vs 51,793M combined for tracked competitors (9.1% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+60.9% annualized vs trailing 12 months), vs accelerating (+65.0%) for its tracked peer group.
- Growth: Brown Forman generated 155.4% revenue growth year over year in Q1 2026, vs 93.9% for its tracked competitors combined.
- Profitability: Its 8.4% net margin compares with 15.2% for the peer group.
- Peer revenue share: Brown Forman accounted for 8.9% of combined revenue among its tracked peer group, up from 6.9% a year earlier.
- Peer differentiation: Revenue per employee of $1.06M compares with $0.67M for the peer group (1.6x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
BFA Sales vs. its Competitors, Q1 2026
Brown Forman reported revenue growth of 155.43 % year on year in Q1 2026, above its competitors' combined revenue growth of 93.88 %.
With a net margin of 8.41 %, Brown Forman reported lower profitability than its competitors (15.22 %).
Brown Forman generated 8.92 % of the combined sales of its peer group, up from 6.92 % a year earlier.
Brown Forman vs. its Competitors, Q1 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Brown Forman and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Brown forman Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Brown Forman's competitor groups requires a Commercial License.
For context: the Nonalcoholic Beverages industry grew revenue 12.5% year over year, combined, vs 155.4% for Brown Forman. Brown Forman's share of combined industry revenue moved from 0.47% to 1.07%, a gain of 0.60 percentage points.
Brown Forman's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Brown forman Corporation | Yes | Yes | Yes | No |
| Competitors combined (13) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 14.30 % (1 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
BFA Stock Performance relative to its Competitors
BFA Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Anheuser busch Inbev Sa | 282.9% | Outperformed |
| 2 | Seaboard Corporation | 282.9% | Outperformed |
| 3 | Altria Group Inc | 282.9% | Outperformed |
| 4 | Beam Therapeutics Inc | 282.9% | Outperformed |
| 5 | United Breweries Co Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Brown Forman's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Brown Forman's Comment on Competition and Industry Peers
Publicly Traded Peers of Brown forman Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Brown forman Corporation | 12,209.39 | 5,201.00 |
| Anheuser busch Inbev Sa | 138,564.12 | 59,320.00 |
| Altria Group Inc | 115,472.15 | 19,318.00 |
| Diageo Plc | 48,035.68 | 27,964.00 |
| Molson Coors Beverage Company | 6,807.88 | 11,079.90 |
| Seaboard Corporation | 3,937.26 | 10,272.00 |
| SUBTOTAL | 329,667.92 | 149,023.05 |
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Sources: Brown forman Corporation's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Brown forman Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Brown Forman's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Jack Daniel’s | Named by the company | 85% |
| Diageo Plc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Brown Forman's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Brown Forman's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Molson Coors Beverage Company | Europe, Middle East, Africa, and Asia Pacific 36.11 % |
| Seaboard Corporation | Commodity Trading and Milling 53.08 % |
| Mgp Ingredients Inc | Branded Spirits 41.63 % |
| Crimson Wine Group Ltd | Wholesalers 68.44 % |
| Beeline Holdings Inc | Beeline Loans 66.74 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Brown Forman's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Brown forman Corporation | 12,209 | 1,061,429 | 147,143 |
| Anheuser busch Inbev Sa | 138,564 | 432,993 | 61,876 |
| Altria Group Inc | 115,472 | 3,274,237 | 1,351,356 |
| Diageo Plc | 48,036 | 1,016,873 | 92,291 |
| Molson Coors Beverage Company | 6,808 | 683,944 | -145,426 |
| Seaboard Corporation | 3,937 | 733,714 | 45,643 |
| PEERS TOTAL | 317,459 | 670,605 | 88,308 |
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Brown Forman's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Brown forman Corporation | Developed International 31.33 % |
| Constellation Brands Inc | Non-US 2.50 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Brown Forman's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Nonalcoholic Beverages industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (49 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 45.66 % | 33.28 % (avg) | +12.4 pp |
| Operating Margin | 19.09 % | industry median | +13.8 pp |
| EBITDA Margin | 20.48 % | 9.26 % (avg) | +11.2 pp |
| Capital Intensity (Capex / Revenue) | - | 3.93 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Brown Forman's Valuation vs Competitive Position
Valuation multiples vs the Nonalcoholic Beverages industry average (49 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 17.6x | 42.6x | -25.1x |
| EV / EBITDA | 13.9x | 14.4x | -0.6x |
| P/B | 3.1x | 5.3x | -2.2x |
| Return on Equity | 17.90 % | industry aggregate | -5.75 % |
| Return on Invested Capital | 8.92 % | 9.13 % (avg) | -0.21 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Brown Forman's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 3.41 % | 1.68 % | 0.74 % | 11.25 % | -9.97 % | -23.05 % | 3.02 % | -0.75 % |
| Operating Margin | 24.80 % | 26.02 % | 27.04 % | 23.09 % | 24.49 % | 39.58 % | 36.70 % | 32.14 % |
| Return on Invested Capital | 18.86 % | 17.56 % | 15.93 % | 13.64 % | 12.72 % | 14.23 % | 12.47 % | 9.80 % |
| P/E | - | - | 38.9x | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Brown Forman's Strategic Group Map
Every company in Brown Forman's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Brown Forman is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Brown Forman's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Brown Forman falls in the Low attractiveness / High strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Brown Forman's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 13.8 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+60.9% annualized vs trailing 12 months).
Weaknesses
- Return on equity 5.8 points below the industry aggregate.
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Brown Forman's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Brown forman Corporation | 0.28 | 3.31 | 0.65 |
| Anheuser busch Inbev Sa | 0.34 | 0.72 | - |
| Altria Group Inc | 0.41 | 0.60 | - |
| Diageo Plc | 0.21 | 1.63 | 1.58 |
| Molson Coors Beverage Company | 0.21 | 0.64 | 0.69 |
| Seaboard Corporation | 0.10 | 2.63 | 0.29 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Brown Forman's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Brown forman Corporation | Q2 2026 | +155.4 % | +3.5 % |
| Anheuser busch Inbev Sa | Q4 2025 | -0.7 % | +14.3 % |
| Altria Group Inc | Q2 2026 | +31.1 % | -3.4 % |
| Diageo Plc | Q2 2025 | +0.3 % | -39.1 % |
| Molson Coors Beverage Company | Q2 2026 | +268.0 % | -47.8 % |
| Seaboard Corporation | Q2 2026 | +17.8 % | +48.1 % |
| PEERS TOTAL | +10.8 % | -5.7 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Brown Forman's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Brown forman Corporation | Q2 2026 | +35.6 % | -61.3 % |
| Anheuser busch Inbev Sa | Q4 2025 | -2.0 % | -5.4 % |
| Altria Group Inc | Q2 2026 | +182.1 % | +78.1 % |
| Diageo Plc | Q2 2025 | +2.8 % | - |
| Molson Coors Beverage Company | Q2 2026 | +277.1 % | -36.6 % |
| Seaboard Corporation | Q2 2026 | +16.5 % | -32.5 % |
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Brown Forman's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Brown forman Corporation | 9.01% | 10.16% | 17.90% |
| Anheuser busch Inbev Sa | 3.87% | 5.84% | 8.67% |
| Altria Group Inc | 23.11% | 26.08% | - |
| Diageo Plc | 5.15% | 15.44% | 19.26% |
| Molson Coors Beverage Company | - | - | - |
| Seaboard Corporation | 7.67% | 9.00% | 12.13% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Brown Forman's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Brown forman Corporation | 17.17 | 2.35 |
| Anheuser busch Inbev Sa | 22.74 | 2.34 |
| Altria Group Inc | 14.59 | 5.98 |
| Diageo Plc | 81.59 | 1.72 |
| Molson Coors Beverage Company | - | 0.61 |
| Seaboard Corporation | 6.23 | 0.38 |
| PEERS AVERAGE | 16.77 | 2.21 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.