HIGHOutside partySupplier
single glass producer
“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 single glass 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
MEDIUM1
LOW2
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'”
LOWOutside partyCustomer
13%
largest customer
“10-K Item 1: 'In fiscal 2025, our two largest customers accounted for approximately 13% and 11% of consolidated net sales, respectively.'”
LOWOutside partyCustomer
11%
second-largest customer
“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 2026-07-06Brown-Forman's concentration risks run through supply, geography, and customers, and they point in different directions. On the supply side, a single producer supplies most of the company's glass requirements — a high-share dependency with no alternative source named in the disclosure, so a disruption at that one producer could directly affect packaging and, in turn, production. Geographically, the United States remains the company's most important market, accounting for 44% of net sales in fiscal 2025 — a medium-share, structural exposure that reflects the shape of Brown-Forman's core business rather than a single counterparty risk. Customer concentration, by contrast, is comparatively contained: the two largest customers accounted for approximately 13% and 11% of consolidated net sales, respectively — both low-share dependencies on individually identified buyers. Netting these out, the single-source glass supplier is the exposure most capable of moving the investment case on its own, since it is a high-share dependency with no disclosed cushion, while the U.S. geographic weighting is a structural feature unlikely to shift quickly, and the two customer relationships are the least concerning of the three given their low share.
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 | 1 | 2 | 4 |
| BF-B● | Brown Forman Inc | 1 | 1 | 2 | 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.