Brown–Forman vs Maplebear
Brown–Forman and Maplebear are similar in size: $3.93bn and $3.74bn of revenue in their latest fiscal years. Maplebear grew faster (10.8% against -1.2%). Brown–Forman kept more of each dollar of sales as profit: a net margin of 18.2% against 11.9%. Maplebear carries less debt relative to equity (0.0% against 62.2%).
| Latest fiscal year | Brown–FormanBF.B, 2026 | MaplebearCART, 2025 |
|---|---|---|
| Revenue | $3.93bn | $3.74bn |
| Revenue growth | -1.2% | 10.8% |
| Net income | $715m | $447m |
| Operating margin | 25.5% | 13.3% |
| Net margin | 18.2% | 11.9% |
| Return on equity | 17.8% | 15.9% |
| Free cash flow | $893m | $910m |
| Cash | $308m | $637m |
| Total debt | $2.50bn | $0 |
| Debt to equity | 62.2% | 0.0% |
| Dividend per share | $0.92 | — |
| Dividend yield | 3.1% | — |
| Share buybacks | $400m | $1.39bn |
| Employees | — | 3,600 |
| Market value | $13.31bn | $13.54bn |
| Price vs our value range | Above our value range | — |
| Moat score | 95 (Strong) | — |
| Insider trades, 12 months | 0 buys, 4 sales | 0 buys, 35 sales |