— Know what they know.
/
Not Investment Advice

STZ

NYSE · USD
Constellation Brands, Inc.
Consumer Defensive · Beverages - Alcoholic
CEO Nicholas Fink Employees 9,400 R&D / revenue 0.0%
Last price
$131.35+1.37%last session
Market cap
$22.2B
P/E (TTM)
11.8x
From 52w high
−22.1%
From 52w low
+18.8%
1-year return
−3.0%
RSI 14 · vs SMA200
70.9 · −6.9%
IS score
64.9/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

STZ   SPY   XLP (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26SPY 116XLP 111STZ 97

Score DNA

Each bar is a 0-100 score within the scored universe
79
Profitability
55
Growth
73
Value
82
Momentum
65
Risk (safety)
80
Quality
48
Balance sheet
86
Earnings quality

Flags

Strengths
✓ FCF yield 5%+
Warnings
None of the computed warning flags fires for STZ (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: None, Efficient ScalePiotroski 7 / 9Altman Z 2.8Beta 0.402 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
2 open-market sales, $939,089
Form 144 notices (12m): 3, $1.0M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−11
113 new holders, 113 closed
1,036 filers hold 85.9% · 294 added, 456 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+321
969 funds adding shares
648 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
45.0%
20-day avg 44.4%, 50-day avg 41.6%
Latest 0.6 pp over its 20-day average · a flow, not short interest

Key financials · FY2026

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$9.1B
Revenue growth YoY−10.5%
Gross margin51.6%
Operating income$2.9B
Operating margin31.3%
Net income$1.7B
Net margin18.5%
EPS (diluted)$9.61
Cash flow
Operating cash flow$2.7B
Capital expenditure$875.0M
Free cash flow$1.8B
FCF conversion (FCF / OCF)67.2%
Stock-based compensation$0
FCF less SBC$1.8B
Buybacks$924.1M
Dividends$715.7M
Balance sheet & returns
Cash & short-term investments$102.4M
Total debt$10.6B
Net debt$10.5B
Shareholders' equity$8.4B
Goodwill & intangibles$7.8B
Debt / equity1.20
ROE (TTM)23.6%
ROIC (TTM)11.3%
Operating margin by fiscal year
32.5%FY202232.5%FY202332.5%FY202435.5%FY202531.3%FY2026
Revenue $8.8B (FY2022) to $9.1B (FY2026), a 0.9% CAGR.

Valuation

P/E (TTM)11.8x
EV / EBITDA10.0x
Price / sales2.41x
Price / FCF12.1x
FCF yield8.27%
Buyback yield4.16%
SBC / revenue0.1%
Price / book2.61x
Forward P/E FY202711.1x
Forward P/E FY202810.9x
Forward multiples divide today's price by Street EPS estimates. Street mean target $148.31 across 16 analysts last quarter is theirs, not ours.

STZ vs industry median

30 companies in Beverages - Alcoholic
Gross margin 52.7% 46.2% Operating margin 30.9% 11.6% Net margin 20.9% 8.1% ROIC 11.3% 11.5%
STZ (TTM)Industry median Asset turnover 0.42 vs industry 0.71 · financial leverage 2.57

Earnings delivery

Next report 2027-01-06 · consensus EPS $2.77
83%
beat rate, 10 of 12 quarters
+6.9%
median EPS surprise
5
longest beat streak
+10+6+9+3+6-2+16-3+7+16+11+3
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-05 to 2026-10-06. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
STZ Constellation Brands, Inc. $22.2B11.8x23.6%20.9%−10.5% −3.0%
DEO Diageo plc $52.9B30.6x39.1%-2.8%−2.2% −1.0%
TAP Molson Coors Beverage Compan $7.4Bn/m-19.6%7.5%−1.8% −15.1%
BUD Anheuser-Busch InBev SA/NV $163.3B14.0x18.6%19.8%+2.9% +34.4%
USFD US Foods Holding Corp. $22.1B30.9x16.4%2.6%+3.8% +36.0%
DLTR Dollar Tree, Inc. $23.3B15.1x45.9%10.5%−7.8% —
BG Bunge Global S.A. $20.4B20.5x7.5%2.8%+80.5% —
CHD Church & Dwight Co., Inc. $24.8B33.5x17.0%13.3%+2.7% —
12-month window: SPY +15.9%, sector ETF XLP +11.4%. Past returns describe history only.

Recent 8-K filings

2026-10-06Earnings Release; Regulation FD; Exhibits
2026-09-18Material Agreement; Financial Obligation; Exhibits
2026-09-08Regulation FD; Exhibits
2026-07-24Officer/Director Change; Shareholder Vote; Exhibits
2026-06-30Earnings Release; Regulation FD; Exhibits
2026-05-21Officer/Director Change; Regulation FD; Exhibits

Context

Shares outstanding169,224,225
Free float92.3%
Institutional ownership85.9%
Beta0.40
Dividend yield3.12%
Last dividend$1.03 on 2026-10-30
50 / 200-day average$125.56 / $142.50
Large-cap Consumer Defensive median P/E23.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (None).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where STZ sits among 6 scored companies in Beverages - Alcoholic (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureSTZIndustry medianIndustry percentileSector median
P/E (TTM) 11.6x — 20.0x
PEG (P/E ÷ 3-yr EPS CAGR) 1.04 — 1.14
Price / sales 2.4x 1.1x
100th		 1.1x
Price / book 2.6x 2.2x
60th		 2.5x
Price / tangible book 28.3x — 4.0x
Price / free cash flow 12.1x 7.1x
100th		 14.7x
Price / operating cash flow 8.4x 5.5x
100th		 9.4x
Enterprise value $32.4B $22.7B
60th		 $5.1B
EV / sales 3.5x 1.5x
100th		 1.3x
EV / EBITDA 10.0x — 12.3x
EV / EBIT 11.4x — 16.5x
EV / free cash flow 17.6x 9.6x
100th		 18.2x
Earnings yield 8.7% 2.0%
80th		 3.9%
FCF yield 8.3% 14.2%
0th		 6.5%
Operating cash flow yield 12.0% 18.2%
0th		 10.4%
Graham number (per share) $113.02 — $35.68

Profitability (TTM)

MeasureSTZIndustry medianIndustry percentileSector median
Gross margin 52.7% 48.9%
60th		 34.4%
EBITDA margin 35.2% 14.8%
100th		 10.7%
Operating margin 30.9% 16.5%
80th		 7.6%
EBIT margin 30.8% 10.2%
100th		 6.9%
Net margin 20.9% 3.4%
100th		 3.3%
NOPAT margin 25.0% 12.3%
100th		 4.8%
FCF margin 20.0% 14.5%
80th		 7.6%
Operating cash flow margin 28.9% 19.8%
100th		 11.1%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 21.1% 23.8%
0th		 21.1%
Stock comp / revenue 0.1% 0.2%
20th		 0.5%
Effective tax rate 19.1% 21.0%
0th		 23.2%

Returns on capital

MeasureSTZIndustry medianIndustry percentileSector median
ROE (on average equity) 23.9% 5.0%
80th		 10.4%
ROA 8.9% 0.9%
100th		 4.9%
ROIC 12.2% 15.5%
40th		 8.2%
ROCE 14.9% 1.9%
60th		 9.1%
Return on tangible assets 13.1% 3.2%
60th		 7.2%
Cash ROIC (OCF / invested capital) 14.1% 17.4%
40th		 15.0%
Gross profitability (GP / assets) 22.0% 26.7%
40th		 32.4%
ROIC, 3-yr average 6.8% 8.3%
40th		 6.4%
ROIC, 5-yr average 6.1% 7.3%
40th		 7.8%
ROE, 5-yr average 12.7% 7.1%
60th		 11.4%
Incremental ROIC 152.8% 145.6%
80th		 12.8%

Growth

MeasureSTZIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) -4.3% -1.8%
0th		 3.8%
Revenue growth (QoQ) 8.2% 20.0%
40th		 4.3%
Revenue CAGR, 3 yr -2.0% 0.1%
0th		 3.8%
Revenue CAGR, 5 yr 0.9% 2.3%
20th		 5.1%
Gross profit CAGR, 3 yr -0.5% 2.2%
0th		 4.0%
Operating income CAGR, 3 yr -3.1% — 4.3%
Net income growth (TTM YoY) 57.4% — 5.6%
Net income CAGR, 3 yr 8.3% — 5.4%
EPS growth (TTM YoY) 62.3% — 4.7%
EPS CAGR, 3 yr 11.1% — 6.8%
EPS CAGR, 5 yr 23.5% — 4.1%
FCF growth (TTM YoY) -0.5% 18.8%
40th		 23.4%
FCF CAGR, 3 yr 6.0% 11.5%
40th		 14.6%
Operating cash flow CAGR, 3 yr -0.8% 7.6%
0th		 6.4%
Book value CAGR, 3 yr -0.4% -1.9%
60th		 5.3%
Dividend CAGR, 3 yr 1.8% 4.5%
25th		 1.7%
Sustainable growth rate 15.1% — 8.3%

Margin history & stability

MeasureSTZIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 51.5% 48.3%
60th		 34.7%
Operating margin, 3-yr average 33.1% 16.3%
100th		 6.7%
Net margin, 3-yr average 13.1% 6.2%
80th		 4.2%
FCF margin, 3-yr average 18.4% 11.9%
80th		 6.5%
Revenue stability (0-1) 0.12 0.42
20th		 0.81
Earnings stability (0-1) 0.44 0.08
100th		 0.34
Margin stability (0-1) 0.98 0.95
80th		 0.95

Liquidity (latest quarter)

MeasureSTZIndustry medianIndustry percentileSector median
Cash & short-term investments $98.5M $2.1B
0th		 $279.3M
Net cash (− = net debt) −$10.2B −$7.9B
40th		 −$1.0B
Working capital −$4.3M −$316.4M
60th		 $285.9M
Current ratio 1.00 0.94
60th		 1.43
Quick ratio 0.53 0.67
20th		 0.86
Cash ratio (cash + ST investments / current liabilities) 0.03 0.32
0th		 0.28
Defensive interval (days) 141 days 174 days
0th		 251 days

Leverage & solvency (latest quarter)

MeasureSTZIndustry medianIndustry percentileSector median
Total debt $10.3B $9.0B
60th		 $1.8B
Debt / equity 1.20 0.77
80th		 0.75
Net debt / equity 1.19 0.62
80th		 0.55
Debt / assets 46.8% 32.4%
80th		 31.6%
Debt / capital 54.6% 43.4%
80th		 43.0%
Debt / EBITDA 3.18 — 2.69
Net debt / EBITDA 3.15 — 2.14
Interest coverage (EBIT / interest) 8.4x 3.0x
100th		 4.7x
Cash interest coverage 7.8x 7.8x
50th		 8.2x
Debt payback (years of OCF) 3.9 yrs 3.2 yrs
60th		 2.8 yrs
Liabilities / assets 59.8% 57.3%
80th		 56.2%
IS credit model rating BBB — —
Implied credit spread (bps) 275 275
40th		 225

Efficiency

MeasureSTZIndustry medianIndustry percentileSector median
Asset turnover 0.42 0.50
0th		 0.94
Fixed asset turnover 1.06 2.99
0th		 4.44
Inventory turnover 3.1 8.1
20th		 6.0
Receivables turnover 13.7 12.7
60th		 12.1
Days sales outstanding 27 days 29 days
40th		 30 days
Days inventory outstanding 118 days 45 days
80th		 61 days
Days payables outstanding 85 days 151 days
20th		 38 days
Cash conversion cycle (days) 60 days −33 days
80th		 37 days
Capex / revenue 8.9% 5.9%
100th		 3.1%
Capex / depreciation 2.02 0.91
100th		 0.92
Operating expense ratio 22.3% 26.7%
0th		 24.8%

Cash flow & earnings quality

MeasureSTZIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.38 — 1.87
FCF / net income 0.96 — 1.28
FCF / operating cash flow 69.2% 73.5%
40th		 71.9%
Capex / operating cash flow 30.8% 31.6%
40th		 29.5%
Accruals ratio -3.4% -13.4%
100th		 -6.1%
Sloan accruals ratio -2.9% -4.5%
80th		 -3.9%
Earnings quality score (0-1) 1.00 — 0.75

Dividends & buybacks

MeasureSTZIndustry medianIndustry percentileSector median
Dividend yield 3.1% 2.6%
60th		 1.8%
Dividend per share (TTM) $4.10 $1.91
100th		 $0.64
Payout ratio (dividends / net income) 36.8% — 32.1%
Dividends / FCF 38.5% 28.9%
80th		 27.4%
Dividend growth (YoY) 0.9% 5.4%
25th		 1.8%
Buyback yield 3.5% 5.5%
40th		 0.9%
Shareholder yield (dividends + buybacks) 6.7% 9.2%
0th		 3.6%
Share count change (YoY) -3.0% -4.8%
80th		 -0.2%
Buybacks, last 5 years $5.1B $4.1B
60th		 $184.1M

Scores & forensic checks

MeasureSTZIndustry medianIndustry percentileSector median
IS score 65 45
80th		 53
IS profitability 79 45
100th		 32
IS growth 55 33
80th		 50
IS value 73 60
80th		 49
IS momentum 82 45
80th		 73
IS risk (safety) 65 58
60th		 80
IS quality 80 58
80th		 65
IS balance sheet 48 43
80th		 53
IS earnings quality 86 55
100th		 76
IS cash flow 62 55
80th		 57
Piotroski F-score (0-9) 7 5
80th		 6
Altman Z-score 2.8 2.5
60th		 3.2
Beneish M-score −2.89 −3.22
80th		 −2.71
Ohlson O-score −8.03 −7.52
20th		 −7.61
IS credit score 59 59
40th		 64

Per share

MeasureSTZIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $11.28 $0.29
100th		 $2.03
Book value per share $50.33 $52.12
40th		 $16.28
Tangible book per share $6.33 −$9.93
80th		 $3.52
Revenue per share $53.98 $60.48
0th		 $41.08
FCF per share $10.78 $11.50
40th		 $3.18
Operating cash flow per share $15.58 $15.64
40th		 $4.93
Cash per share $0.58 $7.67
0th		 $2.81

Size (TTM)

MeasureSTZIndustry medianIndustry percentileSector median
Market cap $22.2B $14.8B
60th		 $4.0B
Revenue $9.2B $11.1B
20th		 $5.2B
EBITDA $3.2B $1.6B
60th		 $426.9M
Net income $1.9B $927.1M
60th		 $167.0M
Free cash flow $1.8B $1.6B
60th		 $345.6M
Total assets $22.1B $24.4B
20th		 $4.8B
Shareholders' equity $8.6B $10.1B
20th		 $1.6B
Employees 9,400 16,200
20th		 9,700

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-07-22Giles William T
Director
 Award / grant 1,400——1,400
2026-07-22Flatley Edith Morgan
Director
 Award / grant 1,400——1,400
2026-07-22Daniels Jennifer
Director
 Award / grant 1,400——1,400
2026-07-22Clark Christy
Director
 Award / grant 1,400——1,400
2026-07-22Baldwin Christopher J
Director, other: Non-Exec Chair of the B
 Award / grant 1,400——1,400
2026-07-22Zaramella Luca
Director
 Award / grant 1,400——1,400
2026-07-22Sands Robert
Director, 10 percent owner:
Award / grant 1,400——1,400
2026-07-22Sands Richard
Director, 10 percent owner:
Award / grant 1,400——1,400
2026-07-22Mccarthy Daniel J
Director
 Award / grant 1,400——1,400
2026-07-22Madero Garza Jose Manuel
Director
 Award / grant 1,400——1,400
2026-07-22Hernandez Ernesto M
Director
 Award / grant 1,400——1,400
2026-07-10Mccarthy Daniel J
Director
 Option exercise 1,114——4,849

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJul

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired2084,821—
Open-market saleDisposed26,407$939,089
Option exerciseAcquired2742,666—
Option exerciseDisposed4139,418—
Tax withholdingDisposed1010,176$1.5M
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 3 notices · 6,962 shares · $1.0M
FiledFilerShares proposedEst. proceeds
2026-05-12James Bourdeau4,407$631,259
2026-04-27Ernesto M Hernandez2,000$307,830
2026-02-17Samuel Glaetzer555$85,345
2025-07-21James Bourdeau821$138,749
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 14 trades (6 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-09-11Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-07-17Gilbert CisnerosHouseSale$1,001 - $15,0002026-09-07
2026-07-17Gilbert CisnerosHouseSale (Full)$1,001 - $15,0002026-09-07
2025-04-15Tommy TubervilleSenateSale$15,001 - $50,0002026-08-05
2025-04-15Thomas Hawley TubervilleSenateSale$15,001 - $50,0002026-08-05
2025-04-15Tommy TubervilleSenateSale (Full)$15,001 - $50,0002025-05-15
2025-04-15Tommy TubervilleSenateSale$15,001 - $50,0002025-05-15
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.11,539,924$1.6B6.82%
Capital World Investors11,208,782$1.6B6.62%
VANGUARD CAPITAL MANAGEMENT LLC9,337,443$1.3B5.52%
VANGUARD PORTFOLIO MANAGEMENT LLC7,835,510$1.1B4.63%
STATE STREET CORP6,788,959$944.3M4.01%
FMR LLC4,600,566$639.9M2.72%
Grantham, Mayo, Van Otterloo & Co. LLC3,998,425$556.1M2.36%
GEODE CAPITAL MANAGEMENT, LLC3,820,120$529.3M2.26%
WELLINGTON MANAGEMENT GROUP LLP3,817,651$531.0M2.26%
AMERIPRISE FINANCIAL INC3,460,678$481.1M2.05%
CITADEL ADVISORS LLC2,816,205$391.7M1.66%
Invesco Ltd.2,365,522$329.0M1.40%
Sixth Street Partners Management Company, L.P.2,360,112$328.3M1.39%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC2,360,112$328.3M1.39%
VAN ECK ASSOCIATES CORP2,161,462$300.6M1.28%

Institutional ownership by quarter

2023-092026-0685.9%
% of shares held by 13F filers
2023-092026-061,036
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,03685.9%113294456113
2026-03-311,04784.0%140390340111
2025-12-311,04285.4%149311437128
2025-09-301,04382.8%121312467189
2025-06-301,12886.3%124373478154
2025-03-311,17186.2%124381529260
2024-12-311,32485.7%186419529149
2024-09-301,31085.0%97493520100
2024-06-301,32885.3%12652946188
2024-03-311,31185.3%14248947296
2023-12-311,28582.6%14949345386
2023-09-301,24083.2%11945747271

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-05-14SCHEDULE 13GCapital World Investors7.2%12,494,131
2026-04-29SCHEDULE 13GVanguard Capital Management6.0%10,490,856
2025-11-14SCHEDULE 13G/APrecision Castparts Corp. Master Trust0.2%400,000
2025-11-13SCHEDULE 13G/ACapital World Investors3.8%6,781,286
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.02%$520.5M
VTI0.02%$520.5M
VTSAX0.02%$520.5M
VSMPX0.02%$520.5M
VFINX0.03%$446.5M
VFIAX0.03%$446.5M

Share structure

Shares outstanding169,224,225
Float156,256,495
Free float92.3%

Income statement

Fiscal years, USD
FY2022FY2023FY2024FY2025FY2026
Revenue$8.8B$9.5B$10.0B$10.2B$9.1B
Cost of revenue$4.2B$4.6B$5.1B$5.0B$4.4B
Gross profit$4.6B$4.8B$4.9B$5.2B$4.7B
R&D$0$0$0$0$0
SG&A$1.7B$1.8B$1.8B$1.6B$1.8B
Operating income$2.9B$3.0B$3.1B$3.6B$2.9B
EBITDA$1.0B$1.2B$3.1B$782.6M$3.2B
Pretax income$310.4M$383.6M$2.2B−$82.8M$2.4B
Income tax$309.4M$422.1M$456.6M−$51.7M$621.0M
Net income−$40.4M−$71.0M$1.7B−$81.4M$1.7B
EPS, diluted$-0.21$-0.37$9.39$-0.45$9.61
Diluted shares190.4M192.5M184.0M181.5M175.6M

Balance sheet

FY2022FY2023FY2024FY2025FY2026
Cash & short-term investments$199.4M$133.5M$152.4M$68.1M$102.4M
Receivables$1.1B$1.1B$1.1B$992.7M$947.3M
Inventory$1.6B$1.9B$2.1B$1.4B$1.4B
Total current assets$3.3B$3.5B$3.7B$3.7B$2.9B
PP&E, net$6.5B$6.9B$8.7B$8.0B$8.5B
Goodwill & intangibles$10.6B$10.7B$10.7B$7.7B$7.8B
Total assets$25.9B$24.7B$25.7B$21.7B$21.9B
Accounts payable$899.2M$941.5M$1.1B$939.8M$960.2M
Total current liabilities$2.7B$3.0B$3.1B$4.0B$2.7B
Long-term debt$9.5B$11.3B$10.7B$9.3B$9.7B
Total liabilities$13.8B$15.9B$15.6B$14.5B$13.5B
Shareholders' equity$12.0B$8.7B$10.1B$7.1B$8.4B

Cash flow statement

Outflows are negative
FY2022FY2023FY2024FY2025FY2026
Net income$1.0M−$38.5M$1.8B−$31.1M$1.7B
Depreciation & amortization$337.3M$383.8M$427.9M$445.7M$420.0M
Stock-based compensation$44.9M$68.5M$63.6M$72.2M$0
Change in working capital−$185.6M−$274.5M−$287.8M−$134.2M−$357.8M
Operating cash flow$2.7B$2.8B$2.8B$3.2B$2.7B
Capital expenditure−$1.0B−$1.0B−$1.3B−$1.2B−$875.0M
Free cash flow$1.7B$1.7B$1.5B$1.9B$1.8B
Investing cash flow−$1.0B−$999.4M−$1.3B−$974.8M$16.5M
Net debt issued / repaid−$46.7M$2.0B−$589.2M−$391.7M−$950.5M
Buybacks−$1.4B−$3.2B−$249.7M−$1.1B−$924.1M
Dividends paid−$573.0M−$587.7M−$653.8M−$731.8M−$715.7M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2022FY2023FY2024FY2025FY2026
Gross margin52.2%51.7%50.2%51.0%51.7%
Operating margin32.5%32.5%32.5%35.5%31.3%
Net margin-0.5%-0.8%17.3%-0.8%18.5%
FCF margin19.0%18.2%15.2%19.0%19.6%
ROE-0.3%-0.7%19.0%-1.0%22.5%
ROIC0.0%-1.5%11.6%15.1%11.0%
ROA-0.2%-0.3%6.9%-0.3%7.7%
Debt / equity0.931.541.291.761.39
Interest coverage1.9x2.0x6.1x0.8x7.6x
Current ratio1.231.181.190.921.08
Revenue growth+2.4%+7.2%+5.4%+2.5%−10.5%
EPS growth−101.9%−103.7%+2,545.9%−104.8%+2,246.5%
P/E at year endn/mn/m25.4xn/m16.3x
EV / EBITDA at year end53.6x44.5x18.3x55.5x12.2x
FCF yield at year end3.89%4.39%3.44%6.26%6.54%
Dividend payout——37.8%—42.4%

Revenue by segment

FY2022FY2023FY2024FY2025FY2026
Beer$6.8B$7.5B$8.2B$8.5B$8.3B
ConstellationWinesAndSpirits$2.1B$2.0B$1.8B$1.7B$823.8M

Revenue by region · FY2026

UNITED STATES$9.0B · 99%
Non-US$133.3M · 1%

Street estimates by fiscal year

Next report 2027-01-06 · consensus EPS $2.77 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$9.1B$9.1B – $9.1B$11.64$11.57 – $11.761311.3x
2027$9.1B$9.0B – $9.2B$11.82$11.67 – $11.961311.1x
2028$9.3B$9.0B – $9.4B$12.09$11.69 – $12.761210.9x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-10-06$3.62$3.74+3.3%$2.5B$2.6B+3.5%
2026-04-08$1.71$1.90+11.1%$1.9B$1.9B+2.1%
2026-01-07$2.63$3.06+16.3%$2.2B$2.2B+3.2%
2025-10-06$3.38$3.63+7.4%$2.5B$2.5B+1.0%
2025-07-01$3.31$3.22−2.7%$2.6B$2.5B−1.5%
2025-04-09$2.27$2.63+15.9%$2.1B$2.2B+1.8%
2025-01-10$3.31$3.25−1.8%$2.5B$2.5B−2.6%
2024-10-03$4.08$4.32+5.9%$2.9B$2.9B−0.9%
2024-07-03$3.46$3.57+3.2%$2.7B$2.7B−0.3%
2024-04-11$2.08$2.26+8.7%$2.1B$2.1B+2.1%
2024-01-05$3.00$3.19+6.3%$2.5B$2.5B−2.9%
2023-10-05$3.36$3.70+10.1%$2.8B$2.8B+0.5%
2023-06-30$2.83$2.91+2.8%$2.8B$2.5B−10.5%
2023-04-06$1.86$1.98+6.5%$2.0B$2.0B−0.9%
2023-01-05$2.89$2.83−2.1%$2.4B$2.4B+2.4%
2022-10-06$2.88$3.17+10.1%$2.5B$2.7B+5.9%
2022-06-30$2.51$2.66+6.0%$2.2B$2.4B+9.0%
2022-04-07$2.10$2.37+12.9%$2.0B$2.1B+4.2%
2022-01-06$2.76$3.12+13.0%$2.0B$2.3B+15.1%
2021-10-06$2.78$2.38−14.4%$2.3B$2.4B+4.0%
2021-06-30$2.35$2.33−0.9%$2.0B$2.0B−0.6%
2021-04-08$1.55$1.82+17.4%$1.9B$2.0B+4.8%
2021-01-07$2.41$3.09+28.2%$1.7B$2.4B+41.4%
2020-10-01$2.51$2.76+10.0%$2.1B$2.3B+10.0%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.306-150.406-220.606-290.507-060.407-130.307-200.407-270.308-030.308-100.308-170.208-240.408-31
Week ofNotionalSharesTrades
2026-08-31$395.3M3,038,06768,391
2026-08-24$228.7M1,705,87754,677
2026-08-17$325.2M2,451,21169,320
2026-08-10$309.2M2,291,36060,338
2026-08-03$347.1M2,619,65865,688
2026-07-27$425.4M3,242,12865,713

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1545.0%
DateShort shareShort volumeTotal volume
2026-10-1545.0%398,937886,771
2026-10-1444.2%283,705642,061
2026-10-1349.7%419,441843,701
2026-10-1239.2%405,3411,034,080
2026-10-0935.7%344,786966,748
2026-10-0851.5%848,4031,648,304
2026-10-0748.3%1,267,8322,625,920
2026-10-0647.3%923,3311,951,545
2026-10-0542.9%510,4231,189,510
2026-10-0248.1%232,960484,619
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-2.1Jan-0.2Feb+1.5Mar+3.3Apr+0.2May+2.6Jun-0.6Jul+2.6Aug-0.4Sep-0.8Oct+2.7Nov+1.9Dec
MonthAvg returnUp yearsYears
Jan−2.1%40%20
Feb−0.2%40%20
Mar+1.5%76%21
Apr+3.3%65%20
May+0.2%50%20
Jun+2.6%55%20
Jul−0.6%50%20
Aug+2.6%65%20
Sep−0.4%45%20
Oct−0.8%55%20
Nov+2.7%75%20
Dec+1.9%55%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1470.9
MFI81.5
ADX28.3
Stochastic %K / %D93.8 / 94.3
Williams %R-3.5
CCI156
TSI / signal12.4 / -14.3
Chaikin money flow0.23
ATR$3.28
Bollinger width21.0%
Volume vs 20-day avg0.92x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$119.02 (+10.4%)
SMA 50$125.54 (+4.6%)
SMA 200$141.11 (−6.9%)
EMA 21$122.62 (+7.1%)
EMA 50$124.82 (+5.2%)
EMA 200$137.41 (−4.4%)
Bollinger upper$131.50 (−0.1%)
Bollinger lower$106.55 (+23.3%)
Parabolic SAR$120.66 (+8.9%)
Open the live chart, 110+ indicators

About Constellation Brands, Inc.

Constellation Brands, Inc., together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company offers beer under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands. It also offers wine under the Cook’s California Champagne, Kim Crawford, Meiomi, Mount Veeder, Ruffino, SIMI, My Favorite Neighbor, Robert Mondavi Winery, Schrader, and The Prisoner Wine Company brands; and spirits under the Casa Noble, Copper & Kings, High West, Mi CAMPO, Nelson’s Green Brier, and SVEDKA brands. The company provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies. Constellation Brands, Inc. was founded in 1945 and is based in Rochester, New York.

http://www.cbrands.com

Key executives

NameTitlePayBorn
Garth HankinsonExecutive Vice President & Chief Financial Officer$1.5M1968
James A. Sabia Jr.Executive VP & President of Beer Division$1.5M1962
Jeffrey H. LaBargeExecutive Vice President, Chief Legal Officer & Secretary$1.2M1973
James O. BourdeauExecutive VP & Strategic Advisor$1.2M1965
Samuel James GlaetzerExecutive Vice President and President of Wine & Spirits Division$1.0M1975
Nicholas Ian FinkPresident, Chief Executive Officer & Director$118,1731975
Michael BeckaSenior Vice President of Corporate Finance——
Michael McGrewEVP and Chief Communications, CSR & Inclusion Officer—1974

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
William A. Newlands, President and Chief Executive Officer2025$1.4M$9.5M$1.7M$15.0M
Garth Hankinson, Executive Vice President and Chief Financial Officer2025$815,769$2.0M$583,634$4.0M
James A. Sabia, Jr., Executive Vice President and President, Beer Division2025$838,463$1.9M$626,989$4.0M
James O. Bourdeau, Executive Vice President and Chief Legal Officer2025$719,231$1.5M$411,654$3.2M
Samuel J. Glaetzer, Executive Vice President and President, Wine & Spirits Division2025$545,904$1.3M$240,187$2.5M

Employees

10k20199k20209k202110k202211k202311k202411k20259k2026

Dividends

Ex-dateAmountPaid
2026-10-30$1.032026-11-13
2026-07-30$1.032026-08-13
2026-04-29$1.032026-05-14
2026-01-29$1.022026-02-12
2025-10-30$1.022025-11-13
2025-07-30$1.022025-08-14
2025-04-29$1.022025-05-15
2025-02-07$1.012025-02-21

Moat model

None · Efficient Scale · 2026-08-31
Cost advantage30
Intangibles31
Switching costs12
Network effect45
Efficient scale85
Our component scores (0-100) and overall 36.3; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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