vs

Side-by-side financial comparison of Brown–Forman (BF.B) and Fabrinet (FN). Click either name above to swap in a different company.

Fabrinet is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.1× Brown–Forman). Brown–Forman runs the higher net margin — 21.6% vs 9.9%, a 11.7% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs -5.4%). Brown–Forman produced more free cash flow last quarter ($107.0M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs -1.6%).

Brown-Forman Corporation is an American family-controlled publicly traded company, one of the largest in the spirits and wine business. Based in Louisville, Kentucky, it manufactures several very well known brands throughout the world, including Jack Daniel's, Old Forester, Woodford Reserve, GlenDronach, BenRiach, Glenglassaugh, Herradura, Korbel, and Chambord. Brown-Forman formerly owned Southern Comfort and Tuaca before selling them off in 2016.

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

BF.B vs FN — Head-to-Head

Bigger by revenue
FN
FN
1.1× larger
FN
$1.1B
$1.0B
BF.B
Growing faster (revenue YoY)
FN
FN
+41.3% gap
FN
35.9%
-5.4%
BF.B
Higher net margin
BF.B
BF.B
11.7% more per $
BF.B
21.6%
9.9%
FN
More free cash flow
BF.B
BF.B
$112.3M more FCF
BF.B
$107.0M
$-5.3M
FN
Faster 2-yr revenue CAGR
FN
FN
Annualised
FN
24.4%
-1.6%
BF.B

Income Statement — Q2 FY2026 vs Q2 FY2026

Metric
BF.B
BF.B
FN
FN
Revenue
$1.0B
$1.1B
Net Profit
$224.0M
$112.6M
Gross Margin
59.4%
12.2%
Operating Margin
29.4%
10.1%
Net Margin
21.6%
9.9%
Revenue YoY
-5.4%
35.9%
Net Profit YoY
-13.2%
30.0%
EPS (diluted)
$0.47
$3.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BF.B
BF.B
FN
FN
Q4 25
$1.0B
$1.1B
Q3 25
$924.0M
$978.1M
Q2 25
$894.0M
$909.7M
Q1 25
$1.0B
$871.8M
Q4 24
$1.1B
$833.6M
Q3 24
$951.0M
$804.2M
Q2 24
$964.0M
$753.3M
Q1 24
$1.1B
$731.5M
Net Profit
BF.B
BF.B
FN
FN
Q4 25
$224.0M
$112.6M
Q3 25
$170.0M
$95.9M
Q2 25
$146.0M
$87.2M
Q1 25
$270.0M
$81.3M
Q4 24
$258.0M
$86.6M
Q3 24
$195.0M
$77.4M
Q2 24
$266.0M
$81.1M
Q1 24
$285.0M
$80.9M
Gross Margin
BF.B
BF.B
FN
FN
Q4 25
59.4%
12.2%
Q3 25
59.7%
11.9%
Q2 25
57.4%
12.2%
Q1 25
59.8%
11.7%
Q4 24
59.0%
12.1%
Q3 24
59.4%
12.3%
Q2 24
59.0%
12.3%
Q1 24
59.4%
12.4%
Operating Margin
BF.B
BF.B
FN
FN
Q4 25
29.4%
10.1%
Q3 25
28.1%
9.6%
Q2 25
22.9%
9.8%
Q1 25
27.1%
9.0%
Q4 24
31.1%
9.5%
Q3 24
29.5%
9.6%
Q2 24
38.9%
9.7%
Q1 24
34.9%
9.7%
Net Margin
BF.B
BF.B
FN
FN
Q4 25
21.6%
9.9%
Q3 25
18.4%
9.8%
Q2 25
16.3%
9.6%
Q1 25
26.1%
9.3%
Q4 24
23.6%
10.4%
Q3 24
20.5%
9.6%
Q2 24
27.6%
10.8%
Q1 24
26.7%
11.1%
EPS (diluted)
BF.B
BF.B
FN
FN
Q4 25
$0.47
$3.11
Q3 25
$0.36
$2.66
Q2 25
$0.31
$2.41
Q1 25
$0.57
$2.25
Q4 24
$0.55
$2.38
Q3 24
$0.41
$2.13
Q2 24
$0.56
$2.22
Q1 24
$0.60
$2.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BF.B
BF.B
FN
FN
Cash + ST InvestmentsLiquidity on hand
$319.0M
$960.8M
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$4.1B
$2.2B
Total Assets
$8.2B
$3.3B
Debt / EquityLower = less leverage
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BF.B
BF.B
FN
FN
Q4 25
$319.0M
$960.8M
Q3 25
$471.0M
$968.8M
Q2 25
$444.0M
$934.2M
Q1 25
$599.0M
$950.7M
Q4 24
$416.0M
$934.6M
Q3 24
$416.0M
$908.9M
Q2 24
$446.0M
$858.6M
Q1 24
$589.0M
$794.0M
Total Debt
BF.B
BF.B
FN
FN
Q4 25
$2.4B
Q3 25
$2.4B
Q2 25
$2.4B
Q1 25
$2.7B
Q4 24
$2.7B
Q3 24
$2.7B
Q2 24
$2.7B
Q1 24
$2.7B
Stockholders' Equity
BF.B
BF.B
FN
FN
Q4 25
$4.1B
$2.2B
Q3 25
$4.0B
$2.1B
Q2 25
$4.0B
$2.0B
Q1 25
$3.8B
$1.9B
Q4 24
$3.7B
$1.8B
Q3 24
$3.5B
$1.8B
Q2 24
$3.5B
$1.7B
Q1 24
$3.2B
$1.7B
Total Assets
BF.B
BF.B
FN
FN
Q4 25
$8.2B
$3.3B
Q3 25
$8.2B
$3.0B
Q2 25
$8.1B
$2.8B
Q1 25
$8.1B
$2.6B
Q4 24
$8.3B
$2.5B
Q3 24
$8.2B
$2.4B
Q2 24
$8.2B
$2.3B
Q1 24
$8.2B
$2.2B
Debt / Equity
BF.B
BF.B
FN
FN
Q4 25
0.59×
Q3 25
0.61×
Q2 25
0.61×
Q1 25
0.70×
Q4 24
0.73×
Q3 24
0.77×
Q2 24
0.76×
Q1 24
0.83×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BF.B
BF.B
FN
FN
Operating Cash FlowLast quarter
$132.0M
$46.3M
Free Cash FlowOCF − Capex
$107.0M
$-5.3M
FCF MarginFCF / Revenue
10.3%
-0.5%
Capex IntensityCapex / Revenue
2.4%
4.6%
Cash ConversionOCF / Net Profit
0.59×
0.41×
TTM Free Cash FlowTrailing 4 quarters
$610.0M
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BF.B
BF.B
FN
FN
Q4 25
$132.0M
$46.3M
Q3 25
$160.0M
$102.6M
Q2 25
$152.0M
$55.1M
Q1 25
$317.0M
$74.2M
Q4 24
$112.0M
$115.9M
Q3 24
$17.0M
$83.2M
Q2 24
$285.0M
$83.1M
Q1 24
$265.0M
$100.9M
Free Cash Flow
BF.B
BF.B
FN
FN
Q4 25
$107.0M
$-5.3M
Q3 25
$129.0M
$57.3M
Q2 25
$102.0M
$4.7M
Q1 25
$272.0M
$45.7M
Q4 24
$81.0M
$94.0M
Q3 24
$-24.0M
$62.9M
Q2 24
$205.0M
$70.4M
Q1 24
$196.0M
$87.3M
FCF Margin
BF.B
BF.B
FN
FN
Q4 25
10.3%
-0.5%
Q3 25
14.0%
5.9%
Q2 25
11.4%
0.5%
Q1 25
26.3%
5.2%
Q4 24
7.4%
11.3%
Q3 24
-2.5%
7.8%
Q2 24
21.3%
9.3%
Q1 24
18.3%
11.9%
Capex Intensity
BF.B
BF.B
FN
FN
Q4 25
2.4%
4.6%
Q3 25
3.4%
4.6%
Q2 25
5.6%
5.5%
Q1 25
4.3%
3.3%
Q4 24
2.8%
2.6%
Q3 24
4.3%
2.5%
Q2 24
8.3%
1.7%
Q1 24
6.5%
1.9%
Cash Conversion
BF.B
BF.B
FN
FN
Q4 25
0.59×
0.41×
Q3 25
0.94×
1.07×
Q2 25
1.04×
0.63×
Q1 25
1.17×
0.91×
Q4 24
0.43×
1.34×
Q3 24
0.09×
1.07×
Q2 24
1.07×
1.02×
Q1 24
0.93×
1.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BF.B
BF.B

Whiskey$771.0M74%
Ready To Drink$138.0M13%
Tequila$67.0M6%
Restofportfolio$52.0M5%
Nonbrandedandbulk$8.0M1%

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

Related Comparisons