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Brown Forman vs Keurig Dr Pepper: revenue, profit, margins and growth compared

Brown Forman brought in $5.1B of revenue in fiscal 2026, Keurig Dr Pepper $16.6B in fiscal 2025. Revenue changed by +0.5% at Brown Forman and +8.2% at Keurig Dr Pepper on the year before, so Keurig Dr Pepper grew faster. Brown Forman kept 14.1% of its revenue as net profit, Keurig Dr Pepper 12.5%. Free cash flow was $893M at Brown Forman and $1.5B at Keurig Dr Pepper.

Side by side, latest fiscal year

BF-AKDP
Fiscal year endedFY2026 (April 30, 2026)FY2025 (December 31, 2025)
Revenue$5.1B$16.6B
Revenue growth+0.5%+8.2%
Net income$715M$2.1B
Net margin14.1%12.5%
Free cash flow$893M$1.5B
Free cash flow margin17.6%9.1%
Earnings per share (diluted)$1.53$1.53
Cash$308M$1B
Debt$2.4B$13.9B
Price to earnings17.420.9
Market valuen/a$43.5B
Dividend yield3.43%2.88%
Rank by revenue in sector#39 of 125 · Consumer staples#17 of 125 · Consumer staples

Over the years

Revenue
BF-A FY2019: $4.3BBF-A FY2020: $4.3BBF-A FY2021: $4.5BBF-A FY2022: $5.1BBF-A FY2023: $5.4BBF-A FY2024: $5.3BBF-A FY2025: $5.1BBF-A FY2026: $5.1BKDP FY2018: $7.4BKDP FY2019: $11.1BKDP FY2020: $11.6BKDP FY2021: $12.7BKDP FY2022: $14.1BKDP FY2023: $14.8BKDP FY2024: $15.4BKDP FY2025: $16.6BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BF-A $5.1BKDP $16.6B
Net income
BF-A FY2019: $835MBF-A FY2020: $827MBF-A FY2021: $903MBF-A FY2022: $838MBF-A FY2023: $783MBF-A FY2024: $1BBF-A FY2025: $869MBF-A FY2026: $715MKDP FY2018: $586MKDP FY2019: $1.3BKDP FY2020: $1.3BKDP FY2021: $2.1BKDP FY2022: $1.4BKDP FY2023: $2.2BKDP FY2024: $1.4BKDP FY2025: $2.1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BF-A $715MKDP $2.1B
Net margin
BF-A FY2019: 19.5%BF-A FY2020: 19.2%BF-A FY2021: 20.0%BF-A FY2022: 16.5%BF-A FY2023: 14.6%BF-A FY2024: 19.2%BF-A FY2025: 17.2%BF-A FY2026: 14.1%KDP FY2018: 7.9%KDP FY2019: 11.3%KDP FY2020: 11.4%KDP FY2021: 16.9%KDP FY2022: 10.2%KDP FY2023: 14.7%KDP FY2024: 9.4%KDP FY2025: 12.5%FY18FY19FY20FY21FY22FY23FY24FY25FY26
BF-A 14.1%KDP 12.5%
Revenue growth
BF-A FY2020: +0.7%BF-A FY2021: +5.1%BF-A FY2022: +12.3%BF-A FY2023: +5.7%BF-A FY2024: -0.8%BF-A FY2025: -5.1%BF-A FY2026: +0.5%KDP FY2019: +49.4%KDP FY2020: +4.5%KDP FY2021: +9.2%KDP FY2022: +10.8%KDP FY2023: +5.4%KDP FY2024: +3.6%KDP FY2025: +8.2%FY19FY20FY21FY22FY23FY24FY25FY26
BF-A +0.5%KDP +8.2%
Free cash flow
BF-A FY2019: $681MBF-A FY2020: $611MBF-A FY2021: $755MBF-A FY2022: $798MBF-A FY2023: $457MBF-A FY2024: $419MBF-A FY2025: $431MBF-A FY2026: $893MKDP FY2018: $1.4BKDP FY2019: $2.1BKDP FY2020: $2BKDP FY2021: $2.5BKDP FY2022: $2.5BKDP FY2023: $904MKDP FY2024: $1.7BKDP FY2025: $1.5BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BF-A $893MKDP $1.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about Brown Forman and Keurig Dr Pepper

Which is bigger by revenue, Brown Forman or Keurig Dr Pepper?

Keurig Dr Pepper is bigger by revenue: $16.6B in fiscal 2025, against $5.1B for Brown Forman in fiscal 2026.

Which keeps more of its revenue as profit, Brown Forman or Keurig Dr Pepper?

Brown Forman had a net margin of 14.1% in fiscal 2026; Keurig Dr Pepper had 12.5% in fiscal 2025.

Which grew revenue faster, Brown Forman or Keurig Dr Pepper?

In their latest fiscal years revenue changed by +0.5% at Brown Forman and +8.2% at Keurig Dr Pepper.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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