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Brown Forman vs Primo Brands: revenue, profit, margins and growth compared

Brown Forman brought in $5.1B of revenue in fiscal 2026, Primo Brands $6.7B in fiscal 2025. Revenue changed by +0.5% at Brown Forman and +29.3% at Primo Brands on the year before, so Primo Brands grew faster. Brown Forman kept 14.1% of its revenue as net profit, Primo Brands 0.9%. Free cash flow was $893M at Brown Forman and $302.9M at Primo Brands.

Side by side, latest fiscal year

BF-APRMB
Fiscal year endedFY2026 (April 30, 2026)FY2025 (December 31, 2025)
Revenue$5.1B$6.7B
Revenue growth+0.5%+29.3%
Net income$715M$60.1M
Net margin14.1%0.9%
Free cash flow$893M$302.9M
Free cash flow margin17.6%4.5%
Earnings per share (diluted)$1.53$0.16
Cash$308M$376.7M
Debt$2.4B$5.1B
Price to earnings17.4121.9
Market valuen/a$7.1B
Dividend yield3.43%2.05%
Rank by revenue in sector#39 of 125 · Consumer staples#34 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: $5.1BPRMB FY2022: $4.4BPRMB FY2024: $4.7BPRMB FY2024: $5.2BPRMB FY2025: $6.7BFY19FY20FY21FY22FY23FY24FY25FY26
BF-A $5.1BPRMB $6.7B
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: $715MPRMB FY2022: -$126.7MPRMB FY2024: $92.8MPRMB FY2024: -$16.4MPRMB FY2025: $60.1MFY19FY20FY21FY22FY23FY24FY25FY26
BF-A $715MPRMB $60.1M
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%PRMB FY2022: -2.9%PRMB FY2024: 2.0%PRMB FY2024: -0.3%PRMB FY2025: 0.9%FY19FY20FY21FY22FY23FY24FY25FY26
BF-A 14.1%PRMB 0.9%
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%PRMB FY2024: +5.8%PRMB FY2024: +9.7%PRMB FY2025: +29.3%FY20FY21FY22FY23FY24FY25FY26
BF-A +0.5%PRMB +29.3%
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: $893MPRMB FY2022: -$150.2MPRMB FY2024: $117.3MPRMB FY2024: $313.6MPRMB FY2025: $302.9MFY19FY20FY21FY22FY23FY24FY25FY26
BF-A $893MPRMB $302.9M

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

Questions about Brown Forman and Primo Brands

Which is bigger by revenue, Brown Forman or Primo Brands?

Primo Brands is bigger by revenue: $6.7B in fiscal 2025, against $5.1B for Brown Forman in fiscal 2026.

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

Brown Forman had a net margin of 14.1% in fiscal 2026; Primo Brands had 0.9% in fiscal 2025.

Which grew revenue faster, Brown Forman or Primo Brands?

In their latest fiscal years revenue changed by +0.5% at Brown Forman and +29.3% at Primo Brands.

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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