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 · 5 disclosed concentrations
HIGH1
MEDIUM2
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'”
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'”
LOWOutside partyCustomer
13%
largest customer
“10-K Item 1: '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: '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 2026-07-26Brown-Forman's concentration profile spans supply, geography, product, and customer lines, with the supply-side exposure carrying the largest disclosed share: a single producer supplies most of the company's glass requirements, a high-share dependency that could disrupt bottling and packaging if that relationship were interrupted. Geographically, the United States remains the company's most important market, accounting for 44% of net sales in fiscal 2025 — a medium-share, structural feature of a business built around its home market rather than a signal of fragility. On the product side, the Jack Daniel's family of brands is described as the primary driver of revenue, another medium-share, structural exposure reflecting brand-portfolio concentration rather than counterparty risk. Customer concentration is comparatively modest: the two largest customers accounted for approximately 13% and 11% of consolidated net sales, respectively, both low-share dependencies unlikely on their own to move results materially. Netting these together, the two structural exposures — U.S. market share and the Jack Daniel's brand family — describe a company whose results are inherently tied to its home market and flagship brand, a known and stable feature rather than a new risk. The single high-share item, the sole glass producer, is the one line with potential for an idiosyncratic supply shock, while customer concentration is the least material of the disclosed exposures.
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 | 2 | 5 |
| BF-B● | Brown Forman Inc | 1 | 2 | 2 | 5 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.