CONSTELLATION BRANDS, INC. STZ

Consumer staples SIC 2080 - Beverages NAICS Manufacturing › Beverage and Tobacco Product Manufacturing › Beverage Manufacturing derived NYSE

We are an international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy with powerful, consumer-connected, high-quality brands like Modelo Especial, Corona Extra, Pacifico, Victoria, Kim Crawford, Ruffino, The Prisoner Wine Company, Robert Mondavi Winery, Mi CAMPO, and High West. In the U.S., we are one of the top dollar share gainers among beverage alcohol suppliers. We are also the second-largest beer company and have the #1 beer brand, Modelo Especial, in dollar sales in the U.S. We continued to strengthen our leadership position in the U.S. beer market as the #1 dollar share gainer in the overall U.S. beer market, and the #2 dollar share gainer in the high-end. Within wine and spirits, we have implemented a multi-year strategy that repositioned this business to a portfolio of exclusively higher-end brands that we believe is positioned for long-term growth, aligned to our focus on consumer-led premiumization trends, and we continue to progressively expand our supply channels through DTC and international markets. The strength of our brands makes us a supplier of choice to many of our consumers and our Customers, which include wholesale distributors and retailers. We conduct our business through entities we wholly own as well as through a variety of joint ventures and other entities.

Last close 138.68 2026-10-23
Market cap —
52-week range 110.60 - 168.60

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $9.14B$10.21B$9.96B$9.45B$8.82B$8.61B$8.34B$8.12B$7.58B$7.32B
Cost of revenue $4.43B$4.89B$4.94B$4.68B$4.11B$4.15B$4.19B$4.04B$3.77B$3.80B
Gross profit $4.71B$5.31B$5.02B$4.77B$4.71B$4.47B$4.15B$4.08B$3.81B$3.52B
SG&A $1.85B$1.95B$1.83B$1.93B$1.71B$1.67B$1.62B$1.67B$1.53B$1.39B
Operating income $2.72B$354.9M$3.17B$2.84B$2.33B$2.79B$2.15B$2.41B$2.28B$2.39B
Interest expense $361.6M$418.4M$443.6M$415.9M———$379.1M$334.3M$335.1M
Pre-tax income $2.38B-$82.8M$2.22B$383.6M$310.4M$2.54B-$945.2M$4.14B$2.34B$2.08B
Income tax $621.0M$51.7M$456.6M$422.1M$309.4M$511.1M$966.6M$685.9M$22.7M$550.3M
Net income $1.76B-$31.1M$1.77B-$38.5M$1.0M$2.00B-$11.8M$3.44B$2.30B$1.53B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $102.4M$68.1M$152.4M$133.5M$199.4M$460.6M$81.4M$93.6M$90.3M$177.4M
Receivables $658.2M$736.5M$832.8M$901.6M$899.0M$785.3M$864.8M$846.9M$776.2M$737.0M
Inventory $1.43B$1.44B$2.08B$1.90B$1.57B$1.29B$1.37B$2.13B$2.08B$1.96B
Total current assets $2.91B$3.72B$3.73B$3.50B$3.33B$3.04B$3.48B$3.68B$3.47B$3.23B
Property, plant and equipment —————$5.82B$5.33B$5.27B$4.79B$3.93B
Goodwill $5.23B$5.13B$7.98B$7.93B$7.86B$7.79B$7.76B$8.09B$8.08B$7.92B
Other intangibles $2.53B$2.53B$2.73B$2.73B$2.76B$2.73B$2.72B$3.20B$3.30B$3.38B
Total assets $21.90B$21.65B$25.69B$24.66B$25.86B$27.10B$27.32B$29.23B$20.54B$18.60B
Accounts payable $960.2M$939.8M$1.11B$941.5M$899.2M$460.0M$557.6M$616.7M$592.2M$559.8M
Short-term debt $603.6M$1.40B$956.8M$9.5M$605.3M$29.2M$734.9M$1.07B$22.3M$910.9M
Total current liabilities $2.69B$4.04B$3.14B$2.97B$2.70B$1.27B$2.31B$3.16B$2.04B$2.70B
Long-term debt $9.69B$9.29B$10.68B$11.29B$9.49B$10.41B$11.21B$11.76B$9.42B$7.72B
Total liabilities $13.51B$14.52B$15.63B$15.93B$13.81B$13.18B$14.85B$16.39B$12.55B$11.72B
Retained earnings $13.57B$12.60B$13.42B$12.34B$14.51B$15.12B$13.70B$14.28B$9.16B$7.31B
Total equity $8.08B$6.88B$10.06B$8.73B$12.05B$13.93B$12.47B$12.84B$7.99B$6.83B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.67B$3.15B$2.78B$2.76B$2.71B$2.81B$2.55B$2.25B$1.93B$1.70B
Depreciation and amortisation $420.0M$447.0M$429.2M$387.0M$342.4M$299.1M$332.2M$339.1M$299.7M$247.9M
Stock-based compensation $67.7M$72.2M$63.6M$68.5M$44.9M$63.0M$60.4M$64.1M$60.9M$56.1M
Capital expenditure $875.0M$1.21B$1.27B$1.04B$1.03B$864.6M$726.5M$886.3M$1.06B$907.4M
Investing cash flow $16.5M-$974.8M-$1.29B-$999.4M-$1.04B-$87.9M-$531.0M-$4.83B-$1.42B-$1.46B
Financing cash flow -$2.66B-$2.26B-$1.47B-$1.82B-$1.93B-$2.35B-$2.03B$2.59B-$601.2M-$134.8M
Dividends paid $715.7M$731.8M$653.8M$587.7M$573.0M$575.0M$569.2M$557.7M$400.1M$315.1M
Buybacks $924.1M$1.12B$249.7M$1.70B$1.39B$0$50.0M$504.3M$1.04B$1.12B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000016918-26-000023.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2016: 7.3B Gross profit, FY2016: 3.5B Net income, FY2016: 1.5B Revenue, FY2017: 7.6B Gross profit, FY2017: 3.8B Net income, FY2017: 2.3B Revenue, FY2018: 8.1B Gross profit, FY2018: 4.1B Net income, FY2018: 3.4B Revenue, FY2019: 8.3B Gross profit, FY2019: 4.2B Net income, FY2019: -11.8M Revenue, FY2020: 8.6B Gross profit, FY2020: 4.5B Net income, FY2020: 2B Revenue, FY2021: 8.8B Gross profit, FY2021: 4.7B Net income, FY2021: 1M Revenue, FY2022: 9.5B Gross profit, FY2022: 4.8B Net income, FY2022: -38.5M Revenue, FY2023: 10B Gross profit, FY2023: 5B Net income, FY2023: 1.8B Revenue, FY2024: 10.2B Gross profit, FY2024: 5.3B Net income, FY2024: -31.1M Revenue, FY2025: 9.1B Gross profit, FY2025: 4.7B Net income, FY2025: 1.8B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $7.32B $7.58B $8.12B $8.34B $8.61B $8.82B $9.45B $9.96B $10.21B $9.14B
Gross profit $3.52B $3.81B $4.08B $4.15B $4.47B $4.71B $4.77B $5.02B $5.31B $4.71B
Net income $1.53B $2.30B $3.44B -$11.8M $2.00B $1.0M -$38.5M $1.77B -$31.1M $1.76B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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