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

Brown Forman brought in $5.1B of revenue in fiscal 2026, Constellation Brands $9.8B in fiscal 2026. Revenue changed by +0.5% at Brown Forman and -11.0% at Constellation Brands on the year before, so Brown Forman grew faster. Brown Forman kept 14.1% of its revenue as net profit, Constellation Brands 17.3%. Free cash flow was $893M at Brown Forman and $1.8B at Constellation Brands.

Side by side, latest fiscal year

BF-ASTZ
Fiscal year endedFY2026 (April 30, 2026)FY2026 (February 28, 2026)
Revenue$5.1B$9.8B
Revenue growth+0.5%-11.0%
Net income$715M$1.7B
Net margin14.1%17.3%
Free cash flow$893M$1.8B
Free cash flow margin17.6%18.4%
Earnings per share (diluted)$1.53n/a
Cash$308M$102.4M
Debt$2.4B$10.3B
Price to earnings17.4n/a
Market valuen/a$19.4B
Dividend yield3.43%n/a
Rank by revenue in sector#39 of 125 · Consumer staples#23 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: $5.1BSTZ FY2018: $8.9BSTZ FY2020: $9.1BSTZ FY2021: $9.4BSTZ FY2022: $9.5BSTZ FY2023: $10.2BSTZ FY2024: $10.7BSTZ FY2025: $11BSTZ FY2026: $9.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BF-A $5.1BSTZ $9.8B
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: $715MSTZ FY2018: $3.4BSTZ FY2020: -$11.8MSTZ FY2021: $2BSTZ FY2022: -$40.4MSTZ FY2023: -$71MSTZ FY2024: $1.7BSTZ FY2025: -$81.4MSTZ FY2026: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BF-A $715MSTZ $1.7B
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%STZ FY2018: 38.7%STZ FY2020: -0.1%STZ FY2021: 21.4%STZ FY2022: -0.4%STZ FY2023: -0.7%STZ FY2024: 16.1%STZ FY2025: -0.7%STZ FY2026: 17.3%FY18FY19FY20FY21FY22FY23FY24FY25FY26
BF-A 14.1%STZ 17.3%
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%STZ FY2020: +2.6%STZ FY2021: +2.7%STZ FY2022: +1.9%STZ FY2023: +6.8%STZ FY2024: +5.2%STZ FY2025: +2.3%STZ FY2026: -11.0%FY20FY21FY22FY23FY24FY25FY26
BF-A +0.5%STZ -11.0%
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: $893MSTZ FY2018: $1.4BSTZ FY2020: $1.8BSTZ FY2021: $1.9BSTZ FY2022: $1.7BSTZ FY2023: $1.7BSTZ FY2024: $1.5BSTZ FY2025: $1.9BSTZ FY2026: $1.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BF-A $893MSTZ $1.8B

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

Questions about Brown Forman and Constellation Brands

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

Constellation Brands is bigger by revenue: $9.8B in fiscal 2026, against $5.1B for Brown Forman in fiscal 2026.

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

Brown Forman had a net margin of 14.1% in fiscal 2026; Constellation Brands had 17.3% in fiscal 2026.

Which grew revenue faster, Brown Forman or Constellation Brands?

In their latest fiscal years revenue changed by +0.5% at Brown Forman and -11.0% at Constellation 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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