Brown-Forman Corporation (BF-B) FCF Payout Ratio: 48.04%
Is Brown-Forman Corporation’s FCF payout ratio high or low?
Brown-Forman Corporation's FCF payout ratio of 48.04% is 39% below its 5-year average of 78.88%, near the low end of its 5-year range (44.77%–104.14%).
33.86% below its 12-month average of 72.63%.
BF-B FCF Payout Ratio Chart
BF-B Average FCF Payout Ratio Chart
BF-B Current vs Average FCF Payout Ratio Chart
BF-B FCF Payout Ratio Metrics
FCF PAYOUT RATIO
48.04%
FCF PAYOUT RATIO AVG TTM
72.63%
FCF PAYOUT RATIO AVG 3Y
81.10%
FCF PAYOUT RATIO AVG 5Y
78.88%
FCF PAYOUT RATIO AVG 10Y
76.46%
FCF PAYOUT RATIO AVG 15Y
80.45%
FCF PAYOUT RATIO AVG 20Y
73.13%
CURRENT VS TTM AVG
-33.86%
CURRENT VS 3Y AVG
-40.76%
CURRENT VS 5Y AVG
-39.10%
CURRENT VS 10Y AVG
-37.17%
CURRENT VS 15Y AVG
-40.29%
CURRENT VS 20Y AVG
-34.31%
Payout Ratio Comparison
FCF Payout Ratio
48.0%
Earnings Payout Ratio
60.1%
Dividend Yield
3.45%
FCF Yield
7.29%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $893.00M | $427.00M | 47.8% |
| 2025 | $431.00M | $420.00M | 97.4% |
| 2024 | $419.00M | $404.00M | 96.4% |
| 2023 | $457.00M | $378.00M | 82.7% |
| 2022 | $798.00M | $831.00M | 104.1% |
| 2021 | $755.00M | $338.00M | 44.8% |
| 2020 | $611.00M | $325.00M | 53.2% |
| 2019 | $681.00M | $310.00M | 45.5% |
| 2018 | $505.00M | $773.00M | 153.1% |
| 2017 | $527.00M | $274.00M | 52.0% |
| 2016 | $416.00M | $266.00M | 63.9% |
| 2015 | $488.00M | $256.00M | 52.5% |
| 2014 | $523.00M | $233.00M | 44.6% |
| 2013 | $442.00M | $1.06B | 240.5% |
| 2012 | $458.00M | $192.00M | 41.9% |
| 2011 | $488.00M | $326.00M | 66.8% |
| 2010 | $511.00M | $174.00M | 34.1% |
| 2009 | $437.00M | $169.00M | 38.7% |
| 2008 | $468.00M | $362.00M | 77.4% |
| 2007 | $263.00M | $143.00M | 54.4% |
| 2006 | $291.00M | $128.00M | 44.0% |
| 2005 | $347.00M | $111.00M | 32.0% |
| 2004 | $250.00M | $97.00M | 38.8% |
| 2003 | $116.00M | $99.00M | 85.3% |
| 2002 | $179.00M | $94.00M | 52.5% |
| 2001 | $135.00M | $87.00M | 64.4% |
| 2000 | $163.00M | $83.00M | 50.9% |
| 1999 | $113.00M | $79.00M | 69.9% |
| 1998 | $176.00M | $76.00M | 43.2% |
| 1997 | $128.00M | $73.00M | 57.0% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Brown-Forman Corporation FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Brown-Forman Corporation FCF Payout Ratio FAQ
- What is the FCF payout ratio for Brown-Forman Corporation (BF-B)?
- The FCF payout ratio for BF-B stock is 48.04%.
- Is Brown-Forman Corporation's FCF payout ratio high or low?
- Brown-Forman Corporation's FCF payout ratio of 48.04% is 39% below its 5-year average of 78.88%, near the low end of its 5-year range (44.77%–104.14%).
- What is the TTM average FCF payout ratio for Brown-Forman Corporation (BF-B)?
- The TTM average FCF payout ratio for BF-B stock is 72.63%.
- What is the 3Y average FCF payout ratio for Brown-Forman Corporation (BF-B)?
- The 3Y average FCF payout ratio for BF-B stock is 81.10%.
- What is the 5Y average FCF payout ratio for Brown-Forman Corporation (BF-B)?
- The 5Y average FCF payout ratio for BF-B stock is 78.88%.
- What is the 10Y average FCF payout ratio for Brown-Forman Corporation (BF-B)?
- The 10Y average FCF payout ratio for BF-B stock is 76.46%.
- What is the 15Y average FCF payout ratio for Brown-Forman Corporation (BF-B)?
- The 15Y average FCF payout ratio for BF-B stock is 80.45%.
- What is the 20Y average FCF payout ratio for Brown-Forman Corporation (BF-B)?
- The 20Y average FCF payout ratio for BF-B stock is 73.13%.
Brown-Forman Corporation FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-04-30 | 47.82% |
| 2025-04-30 | 97.45% |
| 2024-04-30 | 96.42% |
| 2023-04-30 | 82.71% |
| 2022-04-30 | 104.14% |
| 2021-04-30 | 44.77% |
| 2020-04-30 | 53.19% |
| 2019-04-30 | 45.52% |
| 2018-04-30 | 153.07% |
| 2017-04-30 | 51.99% |
| 2016-04-30 | 63.94% |
| 2015-04-30 | 52.46% |
| 2014-04-30 | 44.55% |
| 2013-04-30 | 240.50% |
| 2012-04-30 | 41.92% |
| 2011-04-30 | 66.80% |
| 2010-04-30 | 34.05% |
| 2009-04-30 | 38.67% |
| 2008-04-30 | 77.35% |
| 2007-04-30 | 54.37% |
| 2006-04-30 | 43.99% |
| 2005-04-30 | 31.99% |
| 2004-04-30 | 38.80% |
| 2003-04-30 | 85.34% |
| 2002-04-30 | 52.51% |
| 2001-04-30 | 64.44% |
| 2000-04-30 | 50.92% |
| 1999-04-30 | 69.91% |
| 1998-04-30 | 43.18% |
| 1997-04-30 | 57.03% |
About Brown-Forman Corporation
Brown-Forman Corporation, along with its subsidiaries, operates globally within the alcoholic beverage industry. The company is actively involved in the production, distillation, bottling, international trade (importing and exporting), marketing, and sale of a diverse portfolio of alcoholic products. Its extensive offerings encompass a wide variety of spirits, wines, and whiskey products, including specialty whiskey spirits and flavored whiskey liqueurs. The range also features convenient ready-to-drink and ready-to-pour options, pre-mixed cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and other liqueurs. These beverages are primarily marketed under prominent brands such as Jack Daniel's, Reserve, Old Forester, Coopers' Craft, Herradura, el Jimador, New Mix, Korbel Champagnes, Sonoma-Cutrer, Finlandia, GlenDronach, Benriach, Glenglassaugh, Chambord, Slane, and Fords Gin. Beyond beverage sales, Brown-Forman also engages in the sale of used barrels, bulk whiskey, and wine, in addition to offering contract bottling services. The company's distribution model involves reaching retail customers and end consumers through independent distributors or state governments, while directly supplying retailers, wholesalers, and provincial governments. With a history dating back to its founding in 1870, Brown-Forman Corporation is headquartered in Louisville, Kentucky, and conducts substantial operations across the United States, Germany, Australia, the United Kingdom, Mexico, and numerous other international markets.
- Sector
- Consumer Defensive
- Industry
- Beverages - Wineries & Distilleries
- CEO
- Lawson E. Whiting