HIGHOutside partySupplier
glass supplier
“10-K Item 1A: 'a single producer supplies most of our glass requirements'”
BF-B · Concentration risk · 10-K extracted
Brown Forman (BF-B) concentration risks
Updated
The most significant concentration Brown Forman discloses is glass supplier, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Brown Forman’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH1
MEDIUM2
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
44%
United States
“10-K Item 1: 'The United States, our most important market, accounted for 44% of our net sales in fiscal 2025, and the other 56% were outside of the United States.'”
MEDIUMBuilt-inProduct / Revenue mix
Jack Daniel's family of brands
“10-K Item 1A: 'The Jack Daniel's family of brands is the primary driver of our revenue and Jack Daniel's is an iconic global trademark with a loyal consumer fan base.'”
LOWOutside partyCustomer
two largest customers
“10-K Item 1: 'In fiscal 2025, our two largest customers accounted for approximately 13% and 11% of consolidated net sales, respectively.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-09-06Brown-Forman's concentration exposures cut across supply, geography, brand, and customer lines, and they are not evenly weighted. The most consequential is on the supply side: a single producer supplies most of the company's glass requirements, a high-share dependency with no alternative source disclosed, making it the exposure most capable of disrupting production if the relationship broke down. Geographically, the United States accounted for 44% of net sales in fiscal 2025, versus 56% generated outside the U.S. — a medium-share split that reflects a genuinely global business rather than reliance on one market. The Jack Daniel's family of brands is called the primary driver of revenue, a medium-share product concentration, though the filing frames it as an asset — an iconic trademark with a loyal following — rather than a fragile single line. Customer concentration is the smallest of the four: the two largest customers represented approximately 13% and 11% of consolidated net sales in fiscal 2025, a low-share exposure. Taken together, the glass-supplier relationship is the one dependency that could move the verdict on its own, while the geographic and brand concentrations describe the shape of an already-diversified business, and the customer base is the least concentrated dimension of the four.
For the engine’s reasoning on BF-B’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Beverages - Wineries & Distilleries
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BF-A | Brown Forman Inc | 1 | 2 | 1 | 4 |
| BF-B● | Brown Forman Inc | 1 | 2 | 1 | 4 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.