Brown Forman (BF-A) Operating Margin (2009 - 2026)
Brown Forman's (BF-A) quarterly Operating Margin came in at 21.34% in Q3 2026, down 49.0% year-over-year from 41.84% in Q3 2025, and up 157.61% quarter-over-quarter from 8.28% in Q2 2026.
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Analysis
Brown Forman (BF-A) Operating Margin (2009 - 2026) Analysis & Trends
Brown Forman (BF-A) has reported Operating Margin for 18 consecutive years, with 21.34% the latest figure, recorded in Q3 2026.
- On a quarterly basis, Operating Margin fell 49.0% year-over-year to 21.34% in Q3 2026; TTM through Jul 2026 was 19.58%, a 199.0% decrease from a year earlier, with the FY2026 full-year figure at 19.7%, down 220.0% from the prior year.
- Operating Margin was 21.34% for Q3 2026 at Brown Forman, up from 8.28% in the prior quarter.
- Over five years, Operating Margin peaked at 31.49% in Q2 2024 and troughed at 8.28% in Q2 2026.
- A 5-year average of 22.22% and a median of 23.03% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin surged 1422 bps in 2024 and slumped 1320 bps in 2025, its largest moves.
- Over 5 years, Operating Margin stood at 22.62% in 2022, then gained by 7 bps to 24.13% in 2023, then gained by 3 bps to 24.78% in 2024, then declined by 8 bps to 22.83% in 2025, then decreased by 7 bps to 21.34% in 2026.
- The last three Operating Margin figures came in at 21.34% (Q3 2026), 8.28% (Q2 2026), and 24.36% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brown Forman | 12.38 Bn | 12.08 Bn | 549.00 Mn | 21.34% |
| 2 | Mgp Ingredients | 323.64 Mn | 305.85 Mn | 46.47 Mn | 14.19% |
| 3 | Agencia Comercial Spirits | 222.78 Mn | 206.95 Mn | - | - |
| 4 | Crimson Wine | 92.64 Mn | 80.79 Mn | 8.62 Mn | 0.18% |
| 5 | Beeline Holdings | 14.99 Mn | 13.30 Mn | - | -171.05% |
| 6 | Willamette Valley Vineyards | 10.76 Mn | 10.76 Mn | - | - |
| 7 | Endovia Health Sciences | 778,792.34 | 536,090.34 | - | - |
| 8 | LQR House | 301,948.67 | -7.03 Mn | 45,902.00 | -351.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 21.34% |
| Apr 30, 2026 | 8.28% |
| Jan 31, 2026 | 24.36% |
| Oct 31, 2025 | 22.83% |
| Jul 31, 2025 | 21.83% |
| Apr 30, 2025 | 18.29% |
| Jan 31, 2025 | 20.77% |
| Oct 31, 2024 | 24.78% |
| Jul 31, 2024 | 23.20% |
| Apr 30, 2024 | 31.49% |
| Jan 31, 2024 | 26.53% |
| Oct 31, 2023 | 24.13% |
| Jul 31, 2023 | 24.66% |
| Apr 30, 2023 | 23.03% |
| Jan 31, 2023 | 12.30% |
| Oct 31, 2022 | 22.62% |
| Jul 31, 2022 | 26.63% |
| Apr 30, 2022 | 19.68% |
| Jan 31, 2022 | 25.42% |
| Oct 31, 2021 | 25.10% |