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

Brown–Forman is the larger business by last-quarter revenue ($1.0B vs $755.1M, roughly 1.4× Knife River Corp). Brown–Forman runs the higher net margin — 21.6% vs 4.2%, a 17.4% gap on every dollar of revenue. On growth, Knife River Corp posted the faster year-over-year revenue change (14.9% vs -5.4%). Knife River Corp produced more free cash flow last quarter ($138.2M vs $107.0M). Over the past eight quarters, Knife River Corp's revenue compounded faster (51.4% 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.

Columbia River Knife & Tool, Inc. (CRKT) is an American knife company established in 1994, and currently based in Tualatin, Oregon, United States. The company's president and sales executive is Rod Bremer and the finance executive is Peggy Bremer.

BF.B vs KNF — Head-to-Head

Bigger by revenue
BF.B
BF.B
1.4× larger
BF.B
$1.0B
$755.1M
KNF
Growing faster (revenue YoY)
KNF
KNF
+20.3% gap
KNF
14.9%
-5.4%
BF.B
Higher net margin
BF.B
BF.B
17.4% more per $
BF.B
21.6%
4.2%
KNF
More free cash flow
KNF
KNF
$31.2M more FCF
KNF
$138.2M
$107.0M
BF.B
Faster 2-yr revenue CAGR
KNF
KNF
Annualised
KNF
51.4%
-1.6%
BF.B

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
BF.B
BF.B
KNF
KNF
Revenue
$1.0B
$755.1M
Net Profit
$224.0M
$32.0M
Gross Margin
59.4%
19.2%
Operating Margin
29.4%
8.6%
Net Margin
21.6%
4.2%
Revenue YoY
-5.4%
14.9%
Net Profit YoY
-13.2%
37.6%
EPS (diluted)
$0.47
$0.56

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
KNF
KNF
Q4 25
$1.0B
$755.1M
Q3 25
$924.0M
$1.2B
Q2 25
$894.0M
$833.8M
Q1 25
$1.0B
$353.5M
Q4 24
$1.1B
$657.2M
Q3 24
$951.0M
$1.1B
Q2 24
$964.0M
$806.9M
Q1 24
$1.1B
$329.6M
Net Profit
BF.B
BF.B
KNF
KNF
Q4 25
$224.0M
$32.0M
Q3 25
$170.0M
$143.2M
Q2 25
$146.0M
$50.6M
Q1 25
$270.0M
$-68.7M
Q4 24
$258.0M
$23.3M
Q3 24
$195.0M
$148.1M
Q2 24
$266.0M
$77.9M
Q1 24
$285.0M
$-47.6M
Gross Margin
BF.B
BF.B
KNF
KNF
Q4 25
59.4%
19.2%
Q3 25
59.7%
23.6%
Q2 25
57.4%
18.9%
Q1 25
59.8%
-2.7%
Q4 24
59.0%
17.4%
Q3 24
59.4%
24.7%
Q2 24
59.0%
21.8%
Q1 24
59.4%
2.0%
Operating Margin
BF.B
BF.B
KNF
KNF
Q4 25
29.4%
8.6%
Q3 25
28.1%
17.9%
Q2 25
22.9%
10.6%
Q1 25
27.1%
-23.4%
Q4 24
31.1%
6.7%
Q3 24
29.5%
18.9%
Q2 24
38.9%
14.5%
Q1 24
34.9%
-16.3%
Net Margin
BF.B
BF.B
KNF
KNF
Q4 25
21.6%
4.2%
Q3 25
18.4%
11.9%
Q2 25
16.3%
6.1%
Q1 25
26.1%
-19.4%
Q4 24
23.6%
3.5%
Q3 24
20.5%
13.4%
Q2 24
27.6%
9.7%
Q1 24
26.7%
-14.5%
EPS (diluted)
BF.B
BF.B
KNF
KNF
Q4 25
$0.47
$0.56
Q3 25
$0.36
$2.52
Q2 25
$0.31
$0.89
Q1 25
$0.57
$-1.21
Q4 24
$0.55
$0.42
Q3 24
$0.41
$2.60
Q2 24
$0.56
$1.37
Q1 24
$0.60
$-0.84

Balance Sheet & Financial Strength

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

Metric
BF.B
BF.B
KNF
KNF
Cash + ST InvestmentsLiquidity on hand
$319.0M
$73.8M
Total DebtLower is stronger
$2.4B
$1.2B
Stockholders' EquityBook value
$4.1B
$1.6B
Total Assets
$8.2B
$3.7B
Debt / EquityLower = less leverage
0.59×
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BF.B
BF.B
KNF
KNF
Q4 25
$319.0M
$73.8M
Q3 25
$471.0M
$30.7M
Q2 25
$444.0M
$26.6M
Q1 25
$599.0M
$86.1M
Q4 24
$416.0M
$236.8M
Q3 24
$416.0M
$220.4M
Q2 24
$446.0M
$15.5M
Q1 24
$589.0M
$128.4M
Total Debt
BF.B
BF.B
KNF
KNF
Q4 25
$2.4B
$1.2B
Q3 25
$2.4B
$1.2B
Q2 25
$2.4B
$1.4B
Q1 25
$2.7B
$1.2B
Q4 24
$2.7B
$677.4M
Q3 24
$2.7B
$678.5M
Q2 24
$2.7B
$679.5M
Q1 24
$2.7B
$680.6M
Stockholders' Equity
BF.B
BF.B
KNF
KNF
Q4 25
$4.1B
$1.6B
Q3 25
$4.0B
$1.6B
Q2 25
$4.0B
$1.5B
Q1 25
$3.8B
$1.4B
Q4 24
$3.7B
$1.5B
Q3 24
$3.5B
$1.4B
Q2 24
$3.5B
$1.3B
Q1 24
$3.2B
$1.2B
Total Assets
BF.B
BF.B
KNF
KNF
Q4 25
$8.2B
$3.7B
Q3 25
$8.2B
$3.7B
Q2 25
$8.1B
$3.6B
Q1 25
$8.1B
$3.3B
Q4 24
$8.3B
$2.9B
Q3 24
$8.2B
$2.9B
Q2 24
$8.2B
$2.7B
Q1 24
$8.2B
$2.5B
Debt / Equity
BF.B
BF.B
KNF
KNF
Q4 25
0.59×
0.71×
Q3 25
0.61×
0.74×
Q2 25
0.61×
0.93×
Q1 25
0.70×
0.83×
Q4 24
0.73×
0.46×
Q3 24
0.77×
0.47×
Q2 24
0.76×
0.52×
Q1 24
0.83×
0.56×

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
KNF
KNF
Operating Cash FlowLast quarter
$132.0M
$195.9M
Free Cash FlowOCF − Capex
$107.0M
$138.2M
FCF MarginFCF / Revenue
10.3%
18.3%
Capex IntensityCapex / Revenue
2.4%
7.6%
Cash ConversionOCF / Net Profit
0.59×
6.12×
TTM Free Cash FlowTrailing 4 quarters
$610.0M
$-69.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BF.B
BF.B
KNF
KNF
Q4 25
$132.0M
$195.9M
Q3 25
$160.0M
$250.4M
Q2 25
$152.0M
$-42.6M
Q1 25
$317.0M
$-125.3M
Q4 24
$112.0M
$172.4M
Q3 24
$17.0M
$239.7M
Q2 24
$285.0M
$-46.6M
Q1 24
$265.0M
$-43.2M
Free Cash Flow
BF.B
BF.B
KNF
KNF
Q4 25
$107.0M
$138.2M
Q3 25
$129.0M
$188.7M
Q2 25
$102.0M
$-196.2M
Q1 25
$272.0M
$-200.2M
Q4 24
$81.0M
$127.2M
Q3 24
$-24.0M
$216.1M
Q2 24
$205.0M
$-106.5M
Q1 24
$196.0M
$-86.9M
FCF Margin
BF.B
BF.B
KNF
KNF
Q4 25
10.3%
18.3%
Q3 25
14.0%
15.7%
Q2 25
11.4%
-23.5%
Q1 25
26.3%
-56.6%
Q4 24
7.4%
19.3%
Q3 24
-2.5%
19.6%
Q2 24
21.3%
-13.2%
Q1 24
18.3%
-26.4%
Capex Intensity
BF.B
BF.B
KNF
KNF
Q4 25
2.4%
7.6%
Q3 25
3.4%
5.1%
Q2 25
5.6%
18.4%
Q1 25
4.3%
21.2%
Q4 24
2.8%
6.9%
Q3 24
4.3%
2.1%
Q2 24
8.3%
7.4%
Q1 24
6.5%
13.3%
Cash Conversion
BF.B
BF.B
KNF
KNF
Q4 25
0.59×
6.12×
Q3 25
0.94×
1.75×
Q2 25
1.04×
-0.84×
Q1 25
1.17×
Q4 24
0.43×
7.41×
Q3 24
0.09×
1.62×
Q2 24
1.07×
-0.60×
Q1 24
0.93×

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%

KNF
KNF

Services$347.2M46%
Ready Mix Concrete$88.4M12%
Contracting Services Public Sector$80.2M11%
Aggregates$73.9M10%
Energy Services Segment$56.2M7%
Liquid Asphalt$49.1M7%
Other$43.2M6%
Asphalt$22.7M3%

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