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Brown Forman vs Pepsico: revenue, profit, margins and growth compared

Brown Forman brought in $5.1B of revenue in fiscal 2026, Pepsico $93.9B in fiscal 2025. Revenue changed by +0.5% at Brown Forman and +2.3% at Pepsico on the year before, so Pepsico grew faster. Brown Forman kept 14.1% of its revenue as net profit, Pepsico 8.8%. Free cash flow was $893M at Brown Forman and $7.7B at Pepsico.

Side by side, latest fiscal year

BF-APEP
Fiscal year endedFY2026 (April 30, 2026)FY2025 (December 27, 2025)
Revenue$5.1B$93.9B
Revenue growth+0.5%+2.3%
Net income$715M$8.2B
Net margin14.1%8.8%
Free cash flow$893M$7.7B
Free cash flow margin17.6%8.2%
Earnings per share (diluted)$1.53$6.00
Cash$308M$9.2B
Debt$2.4B$46.4B
Price to earnings17.421.4
Market valuen/a$175.6B
Dividend yield3.43%4.37%
Rank by revenue in sector#39 of 125 · Consumer staples#3 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: $5.1BPEP FY2018: $64.7BPEP FY2019: $67.2BPEP FY2020: $70.4BPEP FY2021: $79.5BPEP FY2022: $86.4BPEP FY2023: $91.5BPEP FY2024: $91.9BPEP FY2025: $93.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BF-A $5.1BPEP $93.9B
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: $715MPEP FY2018: $12.5BPEP FY2019: $7.3BPEP FY2020: $7.1BPEP FY2021: $7.6BPEP FY2022: $8.9BPEP FY2023: $9.1BPEP FY2024: $9.6BPEP FY2025: $8.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BF-A $715MPEP $8.2B
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%PEP FY2018: 19.4%PEP FY2019: 10.9%PEP FY2020: 10.1%PEP FY2021: 9.6%PEP FY2022: 10.3%PEP FY2023: 9.9%PEP FY2024: 10.4%PEP FY2025: 8.8%FY18FY19FY20FY21FY22FY23FY24FY25FY26
BF-A 14.1%PEP 8.8%
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%PEP FY2019: +3.9%PEP FY2020: +4.8%PEP FY2021: +12.9%PEP FY2022: +8.7%PEP FY2023: +5.9%PEP FY2024: +0.4%PEP FY2025: +2.3%FY19FY20FY21FY22FY23FY24FY25FY26
BF-A +0.5%PEP +2.3%
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: $893MPEP FY2018: $6.1BPEP FY2019: $5.4BPEP FY2020: $6.4BPEP FY2021: $7BPEP FY2022: $5.6BPEP FY2023: $7.9BPEP FY2024: $7.2BPEP FY2025: $7.7BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BF-A $893MPEP $7.7B

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

Questions about Brown Forman and Pepsico

Which is bigger by revenue, Brown Forman or Pepsico?

Pepsico is bigger by revenue: $93.9B in fiscal 2025, against $5.1B for Brown Forman in fiscal 2026.

Which keeps more of its revenue as profit, Brown Forman or Pepsico?

Brown Forman had a net margin of 14.1% in fiscal 2026; Pepsico had 8.8% in fiscal 2025.

Which grew revenue faster, Brown Forman or Pepsico?

In their latest fiscal years revenue changed by +0.5% at Brown Forman and +2.3% at Pepsico.

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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