BROWN FORMAN CORP

BF-B

Brown-Forman Corporation, together with its subsidiaries, manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages. The company provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink cocktails, ready-to-pour products, vodkas, tequilas, gin, brandy, rum, bourbons, and liqueurs.

About the company

Country: United StatesPrice: $30.65Market Cap: $14.1B

Investment snapshot

29%positive consensus

Scored 1d ago

Positive

BUY / PASS

Neutral / negative

5 / 6

NEUTRAL / FAIL

Median fair value

$21.04

-31.3% vs price

Models with upside

1 / 17

Positive margin of safety

Strongest signal

7 of 10 pass — Dreman, Pabrai and Oshaughnessy object

Key risk

Models split on BF-B at $30.65 — fair values range $12.47–$92.78

Framework analysis

Verdict	Meaning
BUY	Positive purchase signal: the framework's buy requirements are met.
PASS	The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRAL	Neither a positive nor negative conclusion. It does not mean to hold an existing position.
FAIL	The company does not clear the framework's requirements.
Ranked	Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

Metric	Graham Defensive Value	Buffett Quality Compounder	Lynch GARP	Greenblatt Magic Formula	Piotroski F-Score	Dreman Contrarian Value	Munger Quality Focus	Pabrai Dhandho Framework	Akre Three-Legged Stool	Marks Risk-Aware Value	Ackman Activist Value	Templeton Global Bargain Hunter	Sleep Scale Economies Shared	Asness Systematic Factors	Neff Low-P/E Total Return	Schloss Asset-Value Discipline	O'Shaughnessy Systematic Factor Composite
Verdict	PASS	NEUTRAL	FAIL	FAIL · Rank #823 (Top 26.6%)	NEUTRAL	PASS	PASS	FAIL	FAIL	FAIL	NEUTRAL	PASS	NEUTRAL	BUY	FAIL	NEUTRAL	FAIL
Score
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Intrinsic Value (annual)			N/A		N/A								N/A	N/A	N/A	N/A	N/A
Margin of Safety	-78.0%	-48.6%	N/A	-54.2%	N/A	-11.3%	-43.7%	-145.8%	+67.0%	-19.8%	-47.7%	-15.1%	N/A	N/A	N/A	N/A	N/A
Financial Basis	TTM ended 2026-07-31 · Balance sheet at 2026-07-31 · Annual history · FY 2025 Latest source filing: 2026-09-02 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-07-31 Latest source filing: 2026-09-02 Score computed: 2026-11-14	Annual history · FY 2025 · Balance sheet at 2026-07-31 · TTM ended 2026-07-31 vs 2025-07-31 · TTM ended 2026-07-31 Latest source filing: 2026-09-02 Score computed: 2026-11-14	TTM ended 2026-07-31 Latest source filing: 2026-09-02 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-06-12 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-07-31 · Balance sheet at 2026-07-31 · Market data at 2026-11-01 Latest source filing: 2026-09-02 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-07-31 · Balance sheet at 2026-07-31 Latest source filing: 2026-09-02 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-06-12 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment · TTM ended 2026-07-31 · Balance sheet at 2026-07-31 Latest source filing: 2026-09-02 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-07-31 · Qualitative assessment Latest source filing: 2026-09-02 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-07-31 · Balance sheet at 2026-07-31 · Market data at 2026-11-01 Latest source filing: 2026-09-02 Score computed: 2026-11-14	Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-07-31 Latest source filing: 2026-09-02 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-06-12 Score computed: 2026-11-14	TTM ended 2026-07-31 · Balance sheet at 2026-07-31 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025 Latest source filing: 2026-09-02 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-07-31 Latest source filing: 2026-09-02 Score computed: 2026-11-14	Annual history · FY 2025 · Balance sheet at 2026-07-31 Latest source filing: 2026-09-02 Score computed: 2026-11-14	TTM ended 2026-07-31 · Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-09-02 Score computed: 2026-11-14

Where It Passes

Cash Flow70% pass✓ 9✗ 3▾
7 of 10 pass — Dreman, Pabrai and Oshaughnessy object
Free Cash Flow Proxy$700.0M
✓BuffettPositive and growing
FCF Positive and Growing$925.0M
✓LynchPositive and growing
Operating Cash Flow$1.0B
✓PiotroskiCFO > 0
(CFO / Total Assets) vs ROACFO/Assets=12.67%, ROA=9.06%
✓PiotroskiCFO/Assets > ROA
Price / (CFO / Shares)14.3x
✗Dreman< 8x
P/E or FCF YieldP/E=20.0x, FCF Yield=6.3%
✗PabraiP/E < 15 or FCF Yield > 10%
FCF Positive18/18 years FCF positive
✓MarksPositive FCF in majority of recent years
(OCF - CapEx) / Market Cap6.5%
✓Ackman>= 4%
Price / FCF per Share16.0x
✓Ackman<= 25
Positive Operating Cash Flow frequency18/18 years positive
✓SleepPositive OCF in >= 70% of available years
Operating Cash Flow - Capital Expenditures$925.0M
✓Neff> $0 (app proxy for a strong fundamental case)
(Operating cash flow - capex) / market capitalization+6.58%; #1245/4519 (top 27.6%)
✗OshaughnessyTop 10% of eligible cross-section
Efficiency63% pass✓ 7✗ 4▾
5 of 8 pass — Piotroski, Munger and Akre object
Current Ratio3.26
✓Graham>= 2.0
ROIC (3-5 yr avg)17.2%
✓Buffett> 10%
ROIC - WACC+7.2%
✓BuffettPositive (WACC = 10%)
EBIT / (NWC + Net Fixed Assets)28.0%
✓Greenblatt> 25%
Current Ratio Change YoY3.88 -> 3.24
✗PiotroskiIncreased YoY
Revenue / Total Assets Change YoY0.49x -> 0.50x
✓PiotroskiImproved YoY
Current Assets / Current Liabilities3.26
✓Dreman> 1.5
Return on Invested Capital13.0%
✗Munger> 15%
ROIC (high and growing)FY2023: ROIC=18.0%; FY2024: ROIC=13.6%; FY2025: ROIC=12.3%
✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
Reinvestment Rate x ROIC5.3% (RR=41% x ROIC=13.0%)
✗AkreReinvestment Rate * ROIC > 10%
ROIC (5-year)5/5 years above 12% (latest 12.3%)
✓SleepROIC > 12% in a majority of years
Debt & Leverage58% pass✓ 9✗ 6▾
7 of 12 pass — Buffett, Lynch, Munger +2 more object
LT Debt vs Net Current AssetsLT Debt $2.1B vs NCA $2.7B
✓GrahamLT Debt <= Net Current Assets
Debt/Equity & Interest CoverageD/E: 0.52, IC: 9.6x
✗BuffettD/E < 0.5 AND Interest Coverage > 5x
Total Debt / Equity0.52
✗Lynch< 0.33
Cash - Long-term Debt$-1.8B
✗LynchPositive preferred
LT Debt / Total Assets Change29.94% -> 26.39%
✓PiotroskiDecreased YoY
Current Assets / Current Liabilities3.26
✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)
Total Debt / Shareholders' Equity0.52
✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
Debt Levels0.52
✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
Interest Coverage & Debt/EBITDAIC=9.6x, D/EBITDA=1.9x
✓MarksInterest Coverage > 3x; Debt/EBITDA < 4x
Total Debt / Shareholders Equity0.52
✓Ackman<= 1.0
Negative debt-to-equity (higher means less debt)-0.5248; #2518/4210 (top 59.8%)
✗AsnessTop 30% of eligible cross-section

Where It Falls Short

Valuation models10% pass✓ 1✗ 9▾
Models split on BF-B at $30.65 — fair values range $12.47–$92.78
Graham fair value$17.22
✗Graham-78.0% margin vs $30.65
Buffett fair value$20.62
✗Buffett-48.6% margin vs $30.65
Greenblatt fair value$19.87
✗Greenblatt-54.2% margin vs $30.65
Dreman fair value$27.55
✗Dreman-11.3% margin vs $30.65
Munger fair value$21.33
✗Munger-43.7% margin vs $30.65
Pabrai fair value$12.47
✗Pabrai-145.8% margin vs $30.65
Akre fair value$92.78
✓Akre+67.0% margin vs $30.65
Marks fair value$25.59
✗Marks-19.8% margin vs $30.65
Ackman fair value$20.76
✗Ackman-47.7% margin vs $30.65
Templeton fair value$26.64
✗Templeton-15.1% margin vs $30.65
Growth13% pass✓ 1✗ 12▾
7 of 8 flag BF-B's growth — Graham, Lynch, Dreman +4 more
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Basic earnings-growth PEG (dividends excluded)P/E 20.0x (growth N/A)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR-4.0%
✗Lynch15-30% (Fast Grower); > 0% to pass
Inventory Growth vs Revenue GrowthInv: -0.5% vs Rev: -0.8%
✗LynchInventory growth < Revenue growth
EPS Growth Direction
✗DremanPositive over recent years
EPS CAGR
✗Dreman> 5% annualized
Positive Net Income Frequency18/18 years positive
✓MarksPositive net income in >= 7 of last 10 years
3yr Median Revenue Growth-1.2%
✗Ackman>= 5%
Positive EPS Growth Frequency1/5 years with positive EPS growth
✗AckmanPositive EPS growth in >= 3 of last 5 years
5-Year EPS CAGR-4.0% CAGR over 5 years
✗Templeton> 0% (5-year EPS CAGR)
Revenue growth vs. gross and operating margin trendgross margin 60.5% -> 60.5%, operating margin 33.8% -> 25.5%
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
5-year Revenue CAGR2.6%
✗SleepCAGR > 7%
3-5 Year Diluted EPS CAGR-4.0% over 5 years
✗Neff7%-20% annualized
Valuation15% pass✓ 5✗ 23▾
11 of 13 flag BF-B's valuation — Graham, Lynch, Greenblatt +8 more
Net income / market capitalization+5.13%; #1646/6340 (top 26.0%)
✓AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Price / 3-yr avg EPS16.7x
✗Graham<= 15x
Price-to-Book Ratio3.6x
✗Graham<= 1.5x
P/E x P/B59.40
✗Graham<= 22.5
Basic earnings-growth PEG (dividends excluded)P/E 20.0x (growth N/A)
✗Lynch< 1.0 (ideally < 0.5)
EBIT / Enterprise Value6.3%
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=6.3%, ROC=28.0%
✗GreenblattBoth EY > 10% and ROC > 25%
Price / EPS20.0x
✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
Price / (CFO / Shares)14.3x
✗Dreman< 8x
Price / Book Value per Share3.6x
✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
Valuation ReasonablenessP/E=20.0x, OE Yield=4.9%
✓MungerP/E < 25 or Owner Earnings Yield > 5%
P/E or FCF YieldP/E=20.0x, FCF Yield=6.3%
✗PabraiP/E < 15 or FCF Yield > 10%
P/B or P/E vs. Historical AverageP/E=20.0x, P/B=3.6x
✗MarksP/E < 15 or P/B < 2.0
Discount to Intrinsic Value-11.3% (IV=$27.55 vs Price=$30.65)
✗Marks>= 20% below intrinsic value
Price / FCF per Share16.0x
✓Ackman<= 25
Price vs. Trailing Low119% of trailing low ($25.72)
✓Templeton<= 120% of trailing low (certified split-adjusted live window)
Positive book equity / market capitalization+0.2822; #3772/6449 (top 58.5%)
✗AsnessTop 30% of eligible cross-section
Price / Diluted EPS20.0x
✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
(EPS CAGR % + Dividend Yield %) / P/E-0.05
✗Neff> 0.7 (Neff's published traditional edge)
Price / Tangible Book Value per Share9.20x
✗SchlossP/TBV <= 1.00x (app cutoff)
Book Value per Share Change+55.2%
✓SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
Revenue / market capitalization+0.2784; #3425/5247 (top 65.3%)
✗OshaughnessyTop 10% of eligible cross-section
(Operating cash flow - capex) / market capitalization+6.58%; #1245/4519 (top 27.6%)
✗OshaughnessyTop 10% of eligible cross-section
Trailing six-month price return through the evaluation date+19.17%; #1381/6202 (top 22.3%)
✗OshaughnessyTop 10% of eligible cross-section
Profitability25% pass✓ 19✗ 16▾
12 of 16 flag BF-B's profitability — Graham, Buffett, Lynch +9 more
Net income / market capitalization+5.13%; #1646/6340 (top 26.0%)
✓AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Positive EPS (10 years)18/18 years positive
✓GrahamPositive EPS every year for 10 years
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Net Income Positive (10+ years)18/18 years positive
✓BuffettPositive every year for 10+ years
ROE (up to 5-year arithmetic mean)24.6%
✓Buffett> 15% arithmetic mean (app rule)
Operating Margin (10-yr trend)25.5% (latest)
✓BuffettStable or rising over 10 years
Free Cash Flow Proxy$700.0M
✓BuffettPositive and growing
Earnings Variance (10-yr CoV)
✗BuffettCoV < 0.3
Retained Earnings Effectiveness
✗Buffett$1 retained -> > $1 market value created
Basic earnings-growth PEG (dividends excluded)P/E 20.0x (growth N/A)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR-4.0%
✗Lynch15-30% (Fast Grower); > 0% to pass
ROE18.2%
✓Lynch> 15%
EBIT / Enterprise Value6.3%
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=6.3%, ROC=28.0%
✗GreenblattBoth EY > 10% and ROC > 25%
Net Income / Total Assets9.06%
✓PiotroskiROA > 0
ROA Change YoY10.75% -> 9.06% (delta: -1.69%)
✗PiotroskiCurrent ROA > Prior ROA
(CFO / Total Assets) vs ROACFO/Assets=12.67%, ROA=9.06%
✓PiotroskiCFO/Assets > ROA
Gross Margin Change YoY58.9% -> 60.5%
✓PiotroskiImproved YoY
Pre-Tax Income / Revenue22.8%
✓Dreman>= 8%
Net Income / Shareholders' Equity18.2%
✓Dreman> 12%
Margin of SafetyP/E=20.0x, P/B=3.6x
✗PabraiP/B < 1.5 or P/E < 15
Return on Equity22.9% (3-yr avg)
✓AkreROE > 20% (3-year avg)
Discount to Intrinsic Value-11.3% (IV=$27.55 vs Price=$30.65)
✗Marks>= 20% below intrinsic value
Positive Net Income Frequency18/18 years positive
✓MarksPositive net income in >= 7 of last 10 years
Operating Income / Revenue25.4%
✓Ackman>= 15%
Net Income / Shareholders Equity18.2%
✓Ackman>= 15%
5-Year EPS CAGR-4.0% CAGR over 5 years
✗Templeton> 0% (5-year EPS CAGR)
Operating Margin Trend33.8% (2023) -> 25.5% (2025)
✗TempletonNon-negative operating-margin trend over 3 years
Revenue growth vs. gross and operating margin trendgross margin 60.5% -> 60.5%, operating margin 33.8% -> 25.5%
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
Gross profit / total assets+30.35%; #1411/3702 (top 38.1%)
✗AsnessTop 30% of eligible cross-section
Net income / positive book equity+18.17%; #902/5226 (top 17.3%)
✓AsnessTop 30% of eligible cross-section
Negative 5-year standard deviation of ROA-0.0153; #1173/5884 (top 19.9%)
✓AsnessTop 30% of eligible cross-section
3-5 Year Diluted EPS CAGR-4.0% over 5 years
✗Neff7%-20% annualized
Positive Diluted-EPS Years10/10 years positive
✓Schloss>= 70% positive over 5-10 observed years (app rule)
Verdicts42% pass✓ 5✗ 7▾
Split decision: 6 FAIL · 5 NEUTRAL · 4 PASS · 1 BUY
Overall verdict
✓GrahamPASS (5/9)•BuffettNEUTRAL (6/9)✗LynchFAIL (2/7)✗GreenblattRank #823•PiotroskiNEUTRAL (F-Score 7)✓DremanPASS (5/11)✓MungerPASS (2/4)✗PabraiFAIL (0/3)✗AkreFAIL (2/6)✗MarksFAIL (3/5)•AckmanNEUTRAL (7/9)✓TempletonPASS (4/8)•SleepNEUTRAL (4/6)✓AsnessBUY (Rank #571/2370 (Top 24.1%))✗NeffFAIL (3/6)•SchlossNEUTRAL (5/7)✗OshaughnessyFAIL (Rank #275/963 (Top 28.6%))

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Beer & Liquor

SIC Sector: Food Products

Size: Large Cap($14.1B)

Revenue: $3.9B-1.2% YoY

Net Income: $715.0M-17.7% YoY

Financial Snapshot

Operating Margin25.5%

Return on Equity17.8%

Debt / Equity0.61

Current Ratio3.24

EPS (Diluted)$1.53−16.8% 1y

Buybacks (1y)$400.0M

Buybacks (2y)$400.0M

Shares Retired1.3% / 1.2% 2y

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Shareholder Return

Fiscal 2025

Retired 1.3% of shares last year, 1.2% over two.

Buybacks: $400.0M
Dividends: $427.0M

What drove EPS

A buyback raises earnings per share without the company earning more. This splits each year's change into the two.

FY22

−6.3% = −6.6% + 0.3%

FY23

31.3% = 30.8% + 0.4%

FY24

−14.0% = −15.1% + 1.3%

FY25

−16.8% = −17.7% + 1.1%

Earnings Fewer shares More shares

Share count is the denominator the filer used for diluted EPS, recovered as net income ÷ EPS — not the balance-sheet count, which is a point-in-time figure and would put the timing difference into this split. Years with a loss are omitted: a smaller share count makes a loss per share larger, so the decomposition inverts.

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

Metric	TTM · 2026-07-31 2025-08-01 – 2026-07-31 Sources · derived quarter values 10-Q · 2025-12-04 10-Q · 2026-03-04 10-K · 2026-06-12 10-Q · 2026-09-02 Derived from cumulative filings: operating cash flow, depreciation amortization, capex, dividends paid, buybacks, revenue, net income, operating income, gross profit, ebit, pre tax income, interest expense.	Q1 FY 2027 2026-05-01 – 2026-07-31 Sources 10-Q · 2026-09-02	FY 2025 Sources 10-K · 2026-06-12	FY 2024 Sources 10-K · 2025-06-13	FY 2023 Sources 10-K · 2024-06-14	FY 2022 Sources 10-K · 2023-06-16	FY 2021 Sources 10-K · 2022-06-17
Market Cap	$14.1Bcurrent	--	$12.8Best.	$15.6Best.	$24.3Best.	$29.5Best.	$29.5Best.
Revenue	$3.9B↓1%	$911.0M↓1%	$3.9B↓1%	$4.0B↓5%	$4.2B↓1%	$4.2B↑8%	$3.9B
Operating Income	$993.0M↓9%	$252.0M↓3%	$1.0B↓10%	$1.1B↓22%	$1.4B↑25%	$1.1B↓6%	$1.2B
Net Income	$721.0M↓15%	$176.0M↑4%	$715.0M↓18%	$869.0M↓15%	$1.0B↑31%	$783.0M↓7%	$838.0M
EPS (Diluted)	--	$0.38↑6%	$1.53↓17%	$1.84↓14%	$2.14↑31%	$1.63↓6%	$1.74
Gross Margin	60.7%↑3%	60.3%↑1%	60.5%↑3%	58.9%↓3%	60.5%↑2%	59.0%↓3%	60.8%
Operating Margin	25.4%↓8%	27.7%↓2%	25.5%↓8%	27.8%↓18%	33.8%↑27%	26.7%↓13%	30.6%
ROE	18.2%↓14%	—	17.8%↓18%	21.8%↓25%	29.1%↑22%	24.0%↓22%	30.6%
Total Debt	$2.1B↓14%	$2.1B↓14%	$2.4B↑1%	$2.4B↓9%	$2.7B	$2.7B↑18%	$2.3B
Shareholders' Equity	$4.0B	$4.0B	$4.0B↑1%	$4.0B↑14%	$3.5B↑8%	$3.3B↑19%	$2.7B
Current Ratio	3.26↑17%	3.26↑17%	3.24↓17%	3.88↑50%	2.59↓26%	3.51↓4%	3.65
Debt / Equity	0.52↓13%	0.52↓13%	0.61	0.61↓20%	0.76↓7%	0.82↓1%	0.83
Operating Cash Flow	$1.0B↑37%	$173.0M↑8%	$1.0B↑67%	$598.0M↓8%	$647.0M↑1%	$640.0M↓32%	$936.0M
Free Cash Flow	$925.0M↑58%	$161.0M↑25%	$893.0M↑107%	$431.0M↑3%	$419.0M↓8%	$457.0M↓43%	$798.0M

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Beer & Liquor

BF-B vs Peers — Financial Grading

Revenue$3.9BBottom 25%

Net Income$715.0MBottom 25%

ROE17.8%Median

D/E0.61Top 25%

Op. Margin25.5%Median

Curr. Ratio3.24Top 25%

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COCA COLA COKO	$427.0B	$99.25	$47.9B	$13.1B	40.7%	1.37	28.7%	1.46	3/9	6/9	4/7	1/3	F-Score 7	3/11
PEPSICO INCPEP	$198.2B	$145.44	$93.9B	$8.2B	40.4%	2.41	12.2%	0.85	4/9	6/9	3/7	1/3	F-Score 5	6/11
Anheuser-Busch InBev SA/NVBUD	$167.0B	$84.81	$59.3B	$6.8B	7.8%	0.84	26.0%	0.72	1/9	1/9	3/7	1/3	F-Score 7	2/11
DIAGEO PLCDEO	$56.6B	$101.59	$28.0B	$2.5B	22.9%	2.14	15.5%	1.63	1/9	4/9	2/7	1/3	F-Score 4	5/11
Keurig Dr Pepper Inc.KDP	$49.5B	$36.34	$16.6B	$2.1B	8.1%	0.63	21.5%	0.64	2/9	2/9	2/7	1/3	F-Score 6	2/11
AMBEV S.A.ABEV	$42.5B	$2.76	$16.1B	$2.8B	17.6%	0.04	26.4%	0.96	1/9	5/9	6/7	3/3	F-Score 6	4/11
CONSTELLATION BRANDS, INC.STZ	$24.6B	$145.61	$9.1B	$1.7B	20.9%	1.27	29.8%	1.08	1/9	2/9	2/7	1/3	F-Score 5	5/11
Primo Brands CorpPRMB	$8.6B	$23.88	$6.7B	$60.1M	2.0%	1.72	6.5%	0.95	1/9	3/9	1/7	1/3	F-Score 6	1/11