Private company

Duckhorn Portfolio, Inc.

American beverages company based in Saint Helena, incorporated in Delaware2

In its 2024 annual report the company says: “The Duckhorn Portfolio, Inc., is the premier, scaled pure-play producer of luxury wines in North America. We have delighted millions of consumers with authentic, high-quality, approachable wines for over four decades. We make a curated and comprehensive portfolio of highly acclaimed luxury wines across multiple varieties, appellations, brands and price points.”6

Last updated Oct 20, 2026.

Overview

$405.5MRevenue, fiscal 20243
$56.0MNet income, fiscal 20243
  • IndustryBeverages2
  • HeadquartersSaint Helena, United States2
  • Incorporated inDE4
  • Business address1201 Dowdell Lane, Saint Helena, Ca 945744
  • Filer categoryAccelerated filer4
  • Legal formCorporation2
  • LEI2549003BCT5CJSKJ9X512
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 61519112

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The Duckhorn Portfolio, Inc. (collectively, “Company,” “we,” “us,” “our,” “Duckhorn”), is the premier, scaled pure-play producer of luxury wines in North America. We have delighted millions of consumers with authentic, high-quality, approachable wines for over four decades. We make a curated and comprehensive portfolio of highly acclaimed luxury wines across multiple varieties, appellations, brands and price points. Our portfolio is focused exclusively on the desirable luxury segment, which we define as wines sold for $15 or higher per 750ml bottle.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

53.0%Gross margin3
23.4%Operating margin3
13.8%Net margin3
0.6%Revenue growth, 20243
4.4%Return on equity3
0.24×Debt to equity3
-$23.8MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue47¢$190.6M
  • Selling, general and admin30¢$120.1M
  • Other costs4¢$18.0M
  • Income tax5¢$20.8M
  • Profit14¢$56.0M

Out of $405.5M in revenue.3

Where each dollar of operating cash went, fiscal 2024

  • Capital spending100¢$28.0M

Out of $4.2M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3

Financial statements

Revenue7893$405.5M in 2024+68% since 2019
0$200.0M$400.0M$600.0M2019: $241.2M$241.2M20192020: $270.6M$270.6M2020+12%2021: $336.6M$336.6M2021+24%2022: $372.5M$372.5M2022+11%2023: $403.0M$403.0M2023+8%2024: $405.5M$405.5M2024+1%
Gross profit7893$214.9M in 2024+90% since 2019
0$100.0M$200.0M$300.0M2019: $113.0M$113.0M20192020: $136.9M$136.9M2020+21%2021: $167.3M$167.3M2021+22%2022: $185.2M$185.2M2022+11%2023: $215.7M$215.7M2023+16%2024: $214.9M$214.9M2024−0%
Operating income7893$94.8M in 2024+70% since 2019
0$50.0M$100.0M$150.0M2019: $55.9M$55.9M20192020: $63.2M$63.2M2020+13%2021: $84.1M$84.1M2021+33%2022: $87.3M$87.3M2022+4%2023: $106.0M$106.0M2023+21%2024: $94.8M$94.8M2024−11%
Net income7893$56.0M in 2024+153% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $22.1M$22.1M20192020: $32.4M$32.4M2020+47%2021: $56.0M$56.0M2021+73%2022: $60.2M$60.2M2022+8%2023: $69.3M$69.3M2023+15%2024: $56.0M$56.0M2024−19%
Fiscal year2018201920202021202220232024
Revenue$241.2M7$270.6M8$336.6M9$372.5M3$403.0M3$405.5M3
Cost of revenue$128.2M7$133.8M8$169.3M9$187.3M3$187.3M3$190.6M3
Gross profit$113.0M7$136.9M8$167.3M9$185.2M3$215.7M3$214.9M3
Selling, general and admin$65.7M7$65.9M8$89.8M9$97.9M3$109.7M3$120.1M3
Operating income$55.9M7$63.2M8$84.1M9$87.3M3$106.0M3$94.8M3
Interest$20.9M7$17.9M8$13.6M9$6.8M9$11.7M9
Income before tax$82.8M3$94.5M3$76.8M3
Income tax$7.8M7$10.4M8$21.0M9$22.5M3$25.2M3$20.8M3
Net income$22.1M7$32.4M8$56.0M9$60.2M3$69.3M3$56.0M3
Earnings per share$0.227$0.328$0.529$0.523$0.603$0.453
Earnings per share (diluted)$0.227$0.328$0.529$0.523$0.603$0.453
Shares (weighted, basic)115.1M shares3115.2M shares3123.4M shares3
Shares (weighted, diluted)115.4M shares3115.4M shares3123.5M shares3

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Corporate structure

Duckhorn Portfolio, Inc. sits at the top of its group. 14 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Duckhorn Portfolio, Inc.

  • Mallard Holdco, LLC Filed SCHEDULE 13D/A on Duckhorn Portfolio, Inc., latest Dec 27, 2024 (5 filings since Feb 4, 2022)
  • MARLEE BUYER, INC. Filed SCHEDULE 13D/A on Duckhorn Portfolio, Inc., latest Dec 26, 2024 (2 filings since Oct 11, 2024)
  • Select Equity Group, L.P. Filed SC 13G/A on Duckhorn Portfolio, Inc., latest Nov 14, 2024 (4 filings since Feb 11, 2022)
  • Brown-Forman Filed SC 13D/A on Duckhorn Portfolio, Inc., latest Oct 8, 2024 (2 filings since May 1, 2024)
  • Duckhorn Portfolio, Inc. Saint Helena, California, United States
    • Bootlegger’s Hill, LLC Subsidiary · California, United States
    • CANVASBACK WINE, LLC Subsidiary · St. Helena, California, United States
    • CHENOWETH GRAHAM LLC Subsidiary · St. Helena, California, United States
    • DOMAINE M.B., LLC Subsidiary · St. Helena, California, United States
    • Duckhorn Wine Company Subsidiary · California, United States
    • Heritage Vineyard, LLC Subsidiary · Delaware, United States
    • Heritage Wine, LLC Subsidiary · Delaware, United States
    • KB WINES CORPORATION Subsidiary · St. Helena, California, United States
    • Mallard Buyer Corporation Subsidiary · Delaware, United States
    • SELWAY WINE COMPANY Subsidiary · Saint Helena, California, United States
    • Soleil Vineyards, Inc Subsidiary · California, United States
    • Sonoma-Cutrer Vineyards, LLC Subsidiary · California, United States
    • Waterfowl Wine, LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Duckhorn Portfolio, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$677.0M3 Jul 31, 2024$408.5M3 Jul 31, 2023+65.7%
Accumulated depreciation$108.6M3 Jul 31, 2024$85.0M3 Jul 31, 2023+27.7%
Property and equipment, net$568.5M3 Jul 31, 2024$323.5M3 Jul 31, 2023+75.7%
Operating-lease assets (leased space)$27.1M3 Jul 31, 2024$20.4M3 Jul 31, 2023+33.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$483.9M3 Jul 31, 2024$425.2M3 Jul 31, 2023+13.8%
Intangible assets, net (excluding goodwill)$192.5M3 Jul 31, 2024$184.2M3 Jul 31, 2023+4.5%
Indefinite-lived intangibles (excluding goodwill)$156.7M3 Jul 31, 2024$140.9M3 Jul 31, 2023+11.2%
Finite-lived intangibles, gross$92.7M3 Jul 31, 2024$92.7M3 Jul 31, 20230%
Accumulated amortization$57.0M3 Jul 31, 2024$49.4M3 Jul 31, 2023+15.3%
Finite-lived intangibles, net$35.8M3 Jul 31, 2024$43.3M3 Jul 31, 2023−17.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$449.0M3 Jul 31, 2024$322.2M3 Jul 31, 2023+39.3%
Raw materials$24.3M3 Jul 31, 2024$15.1M3 Jul 31, 2023+61.0%
Work in process$239.5M3 Jul 31, 2024$161.8M3 Jul 31, 2023+48.0%
Finished goods$185.2M3 Jul 31, 2024$145.4M3 Jul 31, 2023+27.4%

Leadership

Who has led Duckhorn Portfolio, Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Lori Beaudoin2021–2022

Chief operating officer

  1. Zach Rasmuson2021
2025
Board members and other officers (20)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Bootlegger’s Hill, LLC California5
  • Canvasback Wine, LLC Delaware5
  • Chenoweth Graham, LLC California5
  • Domaine M.B., LLC California5
  • Duckhorn Wine Company California5
  • Heritage Vineyard, LLC Delaware5
  • Heritage Wine, LLC Delaware5
  • KB Wines Corporation Delaware5
  • Mallard Buyer Corporation Delaware5
  • Selway Wine Company Delaware5
  • Soleil Vineyards, Inc California5
  • Sonoma-Cutrer Vineyards, LLC California5
  • Waterfowl Wine, LLC Delaware5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Mallard Intermediate, Inc.Dec 18, 2020 to Jan 22, 20214

Timeline

  1. Dec 26, 20248-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale36
  2. Dec 23, 20248-K Shareholder vote37
  3. Dec 13, 20248-K Other events38
  4. Dec 5, 20248-K Results of operations39
  5. Oct 7, 20248-K Results of operations40
  6. Oct 7, 20248-K Entered a material agreement; Other events41
  7. Jun 6, 20248-K Results of operations42
  8. May 22, 20248-K Executive or director change; Regulation FD disclosure43
  9. May 1, 20248-K Completed an acquisition or sale; Results of operations; Unregistered sale of shares44
  10. Mar 7, 20248-K Results of operations45
  11. Jan 24, 20248-K Shareholder vote46
  12. Jan 12, 20248-K Executive or director change47
  13. Sep 15, 2016Founded Duckhorn Portfolio, Inc. is founded2

Calendar

When it reported results

  1. Dec 5, 2024Reported quarterly or annual results39
  2. Oct 7, 2024Reported quarterly or annual results40
  3. Jun 6, 2024Reported quarterly or annual results42
  4. May 1, 2024Reported quarterly or annual results44
  5. Mar 7, 2024Reported quarterly or annual results45
  6. Dec 6, 2023Reported quarterly or annual results48
  7. Sep 27, 2023Reported quarterly or annual results49
  8. Jun 8, 2023Reported quarterly or annual results50

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

235 filings to the SEC since October 2021: 6 annual reports, 10 quarterly reports, 36 major events, 132 insider forms, 13 large holders, 38 other. The latest 20:

  1. Jan 6, 202515-12G EDGAR
  2. Dec 31, 2024EFFECT EDGAR
  3. Dec 27, 20244 EDGAR
  4. Dec 27, 2024SCHEDULE 13D/A EDGAR
  5. Dec 26, 2024S-8 POS EDGAR
  6. Dec 26, 2024POS AM EDGAR
  7. Dec 26, 20248-K EDGAR
  8. Dec 26, 20244 EDGAR
  9. Dec 26, 2024SCHEDULE 13D/A EDGAR
  10. Dec 26, 20244 EDGAR
  11. Dec 26, 20244 EDGAR
  12. Dec 26, 20244 EDGAR
  13. Dec 26, 20244 EDGAR
  14. Dec 26, 20244 EDGAR
  15. Dec 26, 20244 EDGAR
  16. Dec 26, 20244 EDGAR
  17. Dec 26, 20244 EDGAR
  18. Dec 26, 20244 EDGAR
  19. Dec 26, 20244 EDGAR
  20. Dec 23, 20248-K EDGAR

The 235 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

56 open-market trades by officers, directors and large owners since October 2021: 2 buys and 54 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 9, 2024Sullivan Sean B.A.See RemarksSale25,000$8.99$224.8KForm 4
Mar 28, 2024Mahlan DeirdreSee RemarksSale29,681$9.23$274.0KForm 4
Jan 16, 2024Sullivan Sean B.A.See RemarksSale9,700$9.13$88.6KForm 4
Jan 12, 2024Sullivan Sean B.A.See RemarksSale5,300$9.50$50.4KForm 4
Jan 10, 2024Przybylinski PeteSee RemarksSale21,599$10.00$216.0KForm 4
Jan 9, 2024Przybylinski PeteSee RemarksSale64,694$10.01$647.6KForm 4
Jan 8, 2024Rasmuson ZachSee RemarksSale8,000$10.00$80.0KForm 4
Jan 8, 2024Przybylinski PeteSee RemarksSale13,707$10.01$137.2KForm 4
Dec 11, 2023Mahlan DeirdreSee RemarksBuy5,000$8.99$45.0KForm 4
Oct 4, 2023Mahlan DeirdreSee RemarksBuy5,000$9.95$49.8KForm 4
Apr 6, 2023Mallard Holdco, LLC10% ownerSale6,000,000$15.35$92.1MForm 4
Mar 17, 2023Rasmuson ZachSee RemarksSale3,665$15.46$56.7KForm 4
Mar 17, 2023Przybylinski PeteSee RemarksSale26,059$15.46$402.9KForm 4
Mar 17, 2023Sullivan Sean B.A.See RemarksSale26,081$15.46$403.2KForm 4
Mar 17, 2023Beaudoin LoriSee RemarksSale26,041$15.46$402.6KForm 4
Mar 16, 2023Rasmuson ZachSee RemarksSale21,335$15.56$332.0KForm 4
Mar 16, 2023Przybylinski PeteSee RemarksSale23,941$15.56$372.5KForm 4
Mar 16, 2023Sullivan Sean B.A.See RemarksSale23,919$15.56$372.2KForm 4
Mar 16, 2023Beaudoin LoriSee RemarksSale23,959$15.56$372.8KForm 4
Mar 9, 2023Rasmuson ZachSee RemarksSale23,339$16.54$386.0KForm 4

All 56 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Duckhorn Portfolio, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDuckhorn Portfolio, Inc.1
  • CIK0001835256
  • Filer statusAccelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsJuly 311
  • Industry code (SIC)2080 Beverages1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address1201 Dowdell Lane, Saint Helena, CA 945741
  • Phone707-963-71081
  • Shares outstanding147,200,572 as of Nov 29, 202412
  • Public float$455.4M as of Jan 31, 20243
  • On EDGAR sinceDec 18, 20201
  • Filings295 in all: 4 (146), 8-K (38), 3 (21), 10-Q (11), DEFA14A (9), 144 (6), CORRESP (5), SC 13G/A (5)1
    All 40 form types

    10-K (4), 424B7 (4), DEF 14A (3), EFFECT (3), SC 13D (3), UPLOAD (3), 10-K/A (2), 424B4 (2), DRS (2), DRSLTR (2), S-1 (2), S-1/A (2), SC 13G (2), SCHEDULE 13D/A (2), 15-12G (1), 25-NSE (1), 4/A (1), 8-A12B (1), 8-K/A (1), CERT (1), DEFM14A (1), DEFM14C (1), DFAN14A (1), DRS/A (1), POS AM (1), PRE 14A (1), PREM14A (1), PREM14C (1), S-3ASR (1), S-8 (1), S-8 POS (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Oct 7, 2024
    Quarterly report (10-Q) Dec 5, 2024
    Proxy statement (DEF 14A) Nov 22, 2023
    Latest 8-K (8-K) Dec 26, 2024

Sources

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