NYSE : STZ
Constellation Brands, Inc. — Financial statements
Consumer Staples · Beverages - Brewers · United States
Last price 135.33 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 22.90B
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Financial statements
Constellation Brands, Inc. (STZ) reported revenue of 9.21B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 9.21B | 9.14B | 10.21B | 9.96B | 9.45B | 8.82B |
| Cost of Revenue | 4.35B | 4.42B | 4.87B | 4.94B | 4.68B | 4.11B |
| Gross Profit | 4.86B | 4.72B | 5.34B | 5.02B | 4.77B | 4.71B |
| Selling, General & Admin | 1.84B | 1.76B | 1.83B | 1.82B | 1.80B | 1.67B |
| Operating Expenses | 1.84B | 1.76B | 1.83B | 1.82B | 1.80B | 1.67B |
| Operating Income | 3.02B | 2.96B | 3.51B | 3.20B | 2.97B | 3.05B |
| Interest Expense | -345.00M | -361.60M | -418.40M | -443.60M | -415.90M | -356.40M |
| Interest & Investment Income | 10.40M | 10.40M | 7.00M | 8.20M | 17.20M | |
| Earnings From Equity Investments | 24.30M | 9.00M | -26.30M | -511.80M | -2.04B | -1.64B |
| Currency Exchange Gain (Loss) | 5.50M | 5.50M | -29.70M | 14.60M | -19.80M | -16.70M |
| Other Non Operating Income (Expenses) | -29.90M | -35.70M | -22.60M | -24.90M | -20.50M | -19.20M |
| EBT Excluding Unusual Items | 2.68B | 2.59B | 3.02B | 2.24B | 496.00M | 1.02B |
| Merger & Restructuring Charges | -86.20M | -91.50M | -100.20M | -49.90M | -15.60M | -2.10M |
| Impairment of Goodwill | -2.74B | -13.00M | ||||
| Gain (Loss) on Sale of Assets | -16.90M | -28.90M | 266.00M | -15.10M | 15.00M | 1.70M |
| Asset Writedown | -125.80M | -109.80M | -535.00M | -53.50M | -665.90M | |
| Other Unusual Items | 17.10M | 16.40M | 7.00M | -11.40M | -50.50M | -41.40M |
| Pretax Income | 2.47B | 2.38B | -82.80M | 2.22B | 383.60M | 310.40M |
| Income Tax Expense | 471.80M | 621.00M | -51.70M | 456.60M | 422.10M | 309.40M |
| Earnings From Continuing Operations | 2.00B | 1.76B | -31.10M | 1.77B | -38.50M | 1.00M |
| Minority Interest in Earnings | -76.90M | -70.10M | -50.30M | -37.80M | -32.50M | -41.40M |
| Net Income | 1.92B | 1.69B | -81.40M | 1.73B | -71.00M | -40.40M |
| Net Income to Common | 1.92B | 1.69B | -81.40M | 1.73B | -71.00M | -40.40M |
| Shares Outstanding (Basic) | 172.67M | 175.41M | 181.48M | 183.31M | 192.54M | 190.66M |
| Shares Outstanding (Diluted) | 172.84M | 175.57M | 181.48M | 183.96M | 192.54M | 190.66M |
| EPS (Basic) | 11.14 | 9.62 | -0.45 | 9.42 | -0.37 | -0.21 |
| EPS (Diluted) | 11.13 | 9.61 | -0.45 | 9.39 | -2.02 | -0.21 |
| Free Cash Flow | 1.84B | 1.79B | 1.94B | 1.51B | 1.72B | 1.68B |
| Free Cash Flow Per Share | 10.64 | 10.22 | 10.68 | 8.21 | 8.94 | 8.80 |
| Dividend Per Share | 4.10 | 4.08 | 4.04 | 3.56 | 3.20 | 3.04 |
| Gross Margin | 52.77% | 51.65% | 52.26% | 50.40% | 50.51% | 53.41% |
| Operating Margin | 32.79% | 32.43% | 34.38% | 32.13% | 31.44% | 34.53% |
| Profit Margin | 20.89% | 18.46% | -0.80% | 17.34% | -0.75% | -0.46% |
| Free Cash Flow Margin | 19.97% | 19.63% | 18.98% | 15.17% | 18.21% | 19.03% |
| EBITDA | 3.43B | 3.38B | 3.96B | 3.63B | 3.36B | 3.39B |
| EBITDA Margin | 37.20% | 37.03% | 38.76% | 36.44% | 35.49% | 38.41% |
| D&A For EBITDA | 406.50M | 420.00M | 447.00M | 429.20M | 383.80M | 342.40M |
| EBIT | 3.02B | 2.96B | 3.51B | 3.20B | 2.97B | 3.05B |
| EBIT Margin | 32.79% | 32.43% | 34.38% | 32.13% | 31.44% | 34.53% |
| Effective Tax Rate | 19.08% | 26.12% | 20.55% | 110.04% | 99.68% | |
| Revenue as Reported | 9.21B | 9.14B | 10.21B | 9.96B | 9.45B | 8.82B |
| Advertising Expenses | 826.40M |
Balance sheet
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 98.50M | 102.40M | 68.10M | 152.40M | 133.50M | 199.40M |
| Cash & Short-Term Investments | 98.50M | 102.40M | 68.10M | 152.40M | 133.50M | 199.40M |
| Accounts Receivable | 678.10M | 658.20M | 736.50M | 832.80M | 901.60M | 899.00M |
| Other Receivables | 289.10M | 241.30M | 247.70M | 174.20M | 220.20M | |
| Receivables | 678.10M | 947.30M | 977.80M | 1.08B | 1.08B | 1.12B |
| Inventory | 1.38B | 1.43B | 1.44B | 2.08B | 1.90B | 1.57B |
| Prepaid Expenses | 617.30M | 131.10M | 150.40M | 130.90M | 129.50M | 254.10M |
| Other Current Assets | 187.00M | 291.60M | 1.08B | 287.40M | 258.60M | 183.80M |
| Total Current Assets | 2.96B | 2.91B | 3.72B | 3.73B | 3.50B | 3.33B |
| Property, Plant & Equipment | 8.65B | 9.10B | 7.96B | 8.67B | 7.31B | 6.54B |
| Long-Term Investments | 219.10M | 206.00M | 663.30M | 2.88B | ||
| Goodwill | 5.27B | 5.23B | 5.13B | 7.98B | 7.93B | 7.86B |
| Other Intangible Assets | 2.53B | 2.53B | 2.53B | 2.73B | 2.73B | 2.76B |
| Long-Term Deferred Tax Assets | 1.34B | 1.37B | 1.81B | 2.06B | 2.19B | 2.35B |
| Other Long-Term Assets | 1.31B | 534.60M | 310.00M | 524.70M | 348.40M | 138.40M |
| Total Assets | 22.06B | 21.90B | 21.65B | 25.69B | 24.66B | 25.86B |
| Accounts Payable | 999.40M | 960.20M | 939.80M | 1.11B | 941.50M | 899.20M |
| Accrued Expenses | 725.60M | 422.00M | 471.90M | 534.60M | 572.10M | 584.60M |
| Short-Term Debt | 116.50M | 272.00M | 806.70M | 241.40M | 1.17B | 323.00M |
| Current Portion of Long-Term Debt | 1.10B | 599.50M | 1.40B | 949.30M | 599.00M | |
| Current Portion of Leases | 3.90M | 106.00M | 80.80M | 97.10M | 90.90M | 86.70M |
| Current Income Taxes Payable | 164.30M | 20.90M | ||||
| Current Unearned Revenue | 17.80M | 91.50M | 34.60M | 34.00M | 32.00M | |
| Other Current Liabilities | 19.30M | 148.00M | 225.70M | 177.60M | 164.50M | 174.30M |
| Total Current Liabilities | 2.96B | 2.69B | 4.04B | 3.14B | 2.97B | 2.70B |
| Long-Term Debt | 9.09B | 9.69B | 9.28B | 10.67B | 11.27B | 9.47B |
| Long-Term Leases | 7.70M | 539.30M | 543.70M | 599.00M | 434.10M | 470.90M |
| Long-Term Unearned Revenue | 80.20M | 92.00M | 104.10M | |||
| Long-Term Deferred Tax Liabilities | 1.12B | 203.90M | 92.60M | 591.50M | 569.50M | 515.80M |
| Other Long-Term Liabilities | 7.10M | 394.80M | 561.60M | 543.90M | 594.70M | 543.40M |
| Total Liabilities | 13.18B | 13.51B | 14.52B | 15.63B | 15.93B | 13.81B |
| Common Stock | 2.10M | 2.10M | 2.10M | 2.10M | 2.10M | 2.20M |
| Additional Paid-In Capital | 2.19B | 2.19B | 2.14B | 2.05B | 1.90B | 1.81B |
| Retained Earnings | 14.44B | 13.57B | 12.60B | 13.42B | 12.34B | 14.51B |
| Treasury Stock | -8.53B | -8.10B | -7.21B | -6.10B | -5.86B | -4.17B |
| Comprehensive Income & Other | 489.50M | 423.20M | -662.70M | 376.80M | 28.50M | -412.70M |
| Total Common Equity | 8.59B | 8.08B | 6.88B | 9.74B | 8.41B | 11.73B |
| Minority Interest | 292.50M | 304.50M | 252.80M | 321.50M | 320.30M | 315.90M |
| Shareholders' Equity | 8.88B | 8.39B | 7.13B | 10.06B | 8.73B | 12.05B |
| Total Liabilities & Equity | 22.06B | 21.90B | 21.65B | 25.69B | 24.66B | 25.86B |
| Total Debt | 10.32B | 11.20B | 12.11B | 12.56B | 12.96B | 10.95B |
| Net Cash (Debt) | -10.22B | -11.10B | -12.05B | -12.41B | -12.83B | -10.76B |
| Net Cash Per Share | -59.11 | -63.22 | -66.37 | -67.43 | -66.62 | -56.41 |
| Filing Date Shares Outstanding | 169.20M | 172.17M | 177.99M | 182.95M | 183.23M | 185.97M |
| Total Common Shares Outstanding | 169.81M | 172.77M | 178.19M | 182.89M | 183.20M | 187.65M |
| Working Capital | -4.30M | 216.50M | -318.80M | 587.80M | 527.80M | 630.90M |
| Book Value Per Share | 50.57 | 46.78 | 38.62 | 53.27 | 45.93 | 62.52 |
| Tangible Book Value | 786.40M | 315.50M | -777.10M | -968.90M | -2.24B | 1.11B |
| Tangible Book Value Per Share | 4.63 | 1.83 | -4.36 | -5.30 | -12.23 | 5.94 |
| Land | 739.60M | 565.50M | 473.60M | 477.20M | 456.20M | |
| Buildings | 2.32B | 1.91B | 1.94B | 1.80B | 1.11B | |
| Machinery | 5.80B | 5.27B | 5.81B | 5.46B | 4.97B | |
| Construction In Progress | 2.76B | 2.22B | 2.30B | 1.27B | 1.22B |
Cash flow statement
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 1.92B | 1.69B | -81.40M | 1.73B | -71.00M | -40.40M |
| Depreciation & Amortization | 406.50M | 420.00M | 447.00M | 429.20M | 383.80M | 342.40M |
| Other Amortization | 34.00M | 39.90M | ||||
| Loss (Gain) From Sale of Assets | 31.90M | 31.90M | -266.00M | 15.10M | -15.00M | |
| Asset Writedown & Restructuring Costs | 125.80M | 109.80M | 3.28B | 53.50M | 665.90M | |
| Loss (Gain) From Sale of Investments | 6.50M | 6.50M | 56.60M | 221.50M | 1.11B | 1.59B |
| Loss (Gain) on Equity Investments | -2.50M | -2.50M | -5.40M | 321.20M | 971.80M | 61.60M |
| Stock-Based Compensation | 70.50M | 67.70M | 72.20M | 63.60M | 68.50M | 44.90M |
| Other Operating Activities | 372.50M | 534.10M | -212.30M | 289.80M | 499.60M | 183.00M |
| Change in Accounts Receivable | -7.50M | 82.90M | 90.30M | 73.20M | -3.90M | -114.00M |
| Change in Inventory | 3.30M | -48.30M | -152.20M | -182.30M | -356.40M | -261.30M |
| Change in Accounts Payable | 16.10M | -3.70M | 101.50M | 24.70M | 114.90M | 213.70M |
| Change in Unearned Revenue | -14.60M | -71.50M | -35.50M | -11.00M | 12.80M | 118.00M |
| Change in Other Net Operating Assets | -274.40M | -144.60M | -138.30M | -192.40M | -41.90M | -142.00M |
| Operating Cash Flow | 2.66B | 2.67B | 3.15B | 2.78B | 2.76B | 2.71B |
| Capital Expenditures | -819.00M | -875.00M | -1.21B | -1.27B | -1.04B | -1.03B |
| Sale of Property, Plant & Equipment | 32.30M | 59.00M | 35.50M | 21.90M | 6.70M | 4.10M |
| Cash Acquisitions | -15.30M | -158.70M | -7.50M | -37.10M | -53.50M | |
| Divestitures | 13.30M | 850.50M | 409.20M | 5.40M | 96.70M | 4.60M |
| Investment in Securities | -18.00M | -18.00M | -35.00M | -34.60M | -30.80M | 37.80M |
| Other Investing Activities | 8.00M | -11.70M | -2.00M | 500.00K | -2.00M | |
| Investing Cash Flow | -798.70M | 16.50M | -974.80M | -1.29B | -999.40M | -1.04B |
| Short-Term Debt Issued | 565.30M | 842.30M | 323.00M | |||
| Long-Term Debt Issued | 997.70M | 1.14B | 3.34B | 995.60M | ||
| Total Debt Issued | 998.30M | 997.70M | 565.30M | 1.14B | 4.19B | 1.32B |
| Short-Term Debt Repaid | -534.80M | -923.90M | ||||
| Long-Term Debt Repaid | -1.40B | -957.00M | -809.70M | -2.16B | -1.37B | |
| Total Debt Repaid | -1.24B | -1.94B | -957.00M | -1.73B | -2.16B | -1.37B |
| Net Debt Issued (Repaid) | -242.20M | -941.50M | -391.70M | -589.20M | 2.03B | -46.70M |
| Issuance of Common Stock | 2.00M | 7.70M | 73.80M | 104.50M | 42.40M | 177.60M |
| Repurchase of Common Stock | -783.80M | -933.50M | -1.14B | -260.90M | -1.71B | -1.40B |
| Common Dividends Paid | -708.40M | -715.70M | -731.80M | -653.80M | -587.70M | -573.00M |
| Other Financing Activities | -102.00M | -73.00M | -74.50M | -75.20M | -1.59B | -87.10M |
| Financing Cash Flow | -1.83B | -2.66B | -2.26B | -1.47B | -1.82B | -1.93B |
| Foreign Exchange Rate Adjustments | 1.30M | 4.80M | 100.00K | -600.00K | -3.50M | -1.30M |
| Net Cash Flow | 26.50M | 34.30M | -84.30M | 18.90M | -65.90M | -261.20M |
| Free Cash Flow | 1.84B | 1.79B | 1.94B | 1.51B | 1.72B | 1.68B |
| Free Cash Flow Margin | 19.97% | 19.63% | 18.98% | 15.17% | 18.21% | 19.03% |
| Free Cash Flow Per Share | 10.64 | 10.22 | 10.68 | 8.21 | 8.94 | 8.80 |
| Levered Free Cash Flow | 1.12B | 2.05B | 1.06B | 874.12M | 837.79M | 1.05B |
| Unlevered Free Cash Flow | 1.33B | 2.27B | 1.32B | 1.15B | 1.06B | 1.24B |
| Cash Interest Paid | 346.20M | 346.20M | 416.10M | 418.60M | 386.30M | 368.50M |
| Cash Income Tax Paid | 173.60M | 173.60M | 197.10M | 333.50M | 129.70M | 324.70M |
| Change in Working Capital | -277.10M | -185.20M | -134.20M | -287.80M | -274.50M | -185.60M |
Ratios
Fiscal year March - February; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 22.90B | 27.37B | 31.71B | 45.43B | 41.27B | 40.49B |
| Enterprise Value | 33.11B | 38.17B | 44.01B | 57.38B | 53.59B | 50.84B |
| Last Close Price | 135.33 | 154.36 | 167.26 | 232.55 | 206.30 | 196.18 |
| PE Ratio | 12.15 | 16.23 | 26.30 | |||
| Forward PE | 11.37 | 13.13 | 12.44 | 19.09 | 20.13 | 19.50 |
| PS Ratio | 2.49 | 3.00 | 3.11 | 4.56 | 4.37 | 4.59 |
| PB Ratio | 2.68 | 3.26 | 4.45 | 4.51 | 4.73 | 3.36 |
| P/TBV Ratio | 29.12 | 86.75 | 36.33 | |||
| P/FCF Ratio | 12.45 | 15.26 | 16.36 | 30.07 | 23.98 | 24.12 |
| P/OCF Ratio | 8.61 | 10.26 | 10.06 | 16.34 | 14.97 | 14.96 |
| PEG Ratio | 5.20 | 4.21 | 1.37 | 1.99 | 2.69 | 2.45 |
| EV/Sales Ratio | 3.60 | 4.18 | 4.31 | 5.76 | 5.67 | 5.76 |
| EV/EBITDA Ratio | 9.67 | 11.28 | 11.12 | 15.81 | 15.97 | 15.00 |
| EV/EBIT Ratio | 10.97 | 12.88 | 12.54 | 17.93 | 18.03 | 16.69 |
| EV/FCF Ratio | 18.00 | 21.28 | 22.71 | 37.98 | 31.13 | 30.29 |
| Debt / Equity Ratio | 1.16 | 1.34 | 1.70 | 1.25 | 1.48 | 0.91 |
| Debt / EBITDA Ratio | 2.86 | 3.14 | 2.87 | 3.20 | 3.57 | 2.97 |
| Debt / FCF Ratio | 5.61 | 6.24 | 6.25 | 8.31 | 7.53 | 6.53 |
| Net Debt / Equity Ratio | 1.15 | 1.32 | 1.69 | 1.23 | 1.47 | 0.89 |
| Net Debt / EBITDA Ratio | 2.98 | 3.28 | 3.04 | 3.42 | 3.82 | 3.17 |
| Net Debt / FCF Ratio | 5.55 | 6.19 | 6.21 | 8.21 | 7.45 | 6.41 |
| Asset Turnover | 0.42 | 0.42 | 0.43 | 0.40 | 0.37 | 0.33 |
| Inventory Turnover | 3.09 | 3.08 | 2.77 | 2.48 | 2.69 | 2.87 |
| Quick Ratio | 0.26 | 0.39 | 0.26 | 0.39 | 0.41 | 0.49 |
| Current Ratio | 1.00 | 1.08 | 0.92 | 1.19 | 1.18 | 1.23 |
| Return on Equity (ROE) | 24.02% | 22.64% | -0.36% | 18.78% | -0.37% | 0.01% |
| Return on Assets (ROA) | 8.68% | 8.51% | 9.27% | 7.95% | 7.35% | 7.19% |
| Return on Invested Capital (ROIC) | 12.83% | 11.33% | 16.86% | 11.55% | -1.34% | 0.04% |
| Return on Capital Employed (ROCE) | 15.80% | 15.40% | 19.90% | 14.20% | 13.70% | 13.20% |
| Earnings Yield | 8.23% | 6.16% | -0.26% | 3.80% | -0.17% | -0.10% |
| FCF Yield | 8.03% | 6.55% | 6.11% | 3.33% | 4.17% | 4.15% |
| Dividend Yield | 3.04% | 2.57% | 2.27% | 1.43% | 1.42% | 1.41% |
| Payout Ratio | 37.00% | 42.43% | 37.85% | |||
| Buyback Yield / Dilution | 3.32% | 3.26% | 1.35% | 4.46% | -0.99% | 2.38% |
| Total Shareholder Return | 6.36% | 5.83% | 3.62% | 5.89% | 0.43% | 3.79% |