HIGHOutside partySupplier
single glass bottle producer
“10-K Item 1A: 'only a few glass producers make bottles on a scale sufficient for our requirements, and 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 single glass bottle producer, 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
13%
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 2026-08-23Brown-Forman's concentration risk touches supply, geography, product, and customer lines, with the supply chain the clearest single point of exposure. A single glass bottle producer supplies most of the company's glass requirements, since only a few producers operate at the scale Brown-Forman needs — a high-share dependency with no readily disclosed backup source. Geographically, the United States remains the company's most important market at 44% of fiscal 2025 net sales, with the other 56% generated internationally — a medium-share structural split that reflects real geographic diversification rather than reliance on one market. The Jack Daniel's family of brands is described as the primary driver of revenue, a medium-share structural concentration in one iconic trademark rather than a portfolio of evenly weighted brands. Customer concentration is comparatively light: the two largest customers accounted for approximately 13% and 11% of consolidated net sales in fiscal 2025. Netting these out, the glass-bottle supplier relationship is the point most capable of disrupting operations on short notice, while the U.S./international sales split, the reliance on Jack Daniel's, and customer concentration are more diversified, structural features of an established spirits business that would take longer to materially shift.
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.