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. It offers beer under the Corona Extra, Corona Familiar, Corona Sunbrew, Corona Light, Corona Non-Alcoholic, Corona Premier, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Spiked Aguas Frescas, Modelo Oro, Modelo Noche Especial, Victoria, Vicky Chamoy, and Pacifico brand names. The company also offers wine under the Sea Smoke, Schrader Cellars, Kim Crawford, Mount Veeder, Ruffino, My Favorite Neighbor, Robert Mondavi Winery, and The Prisoner Wine Company brand names; and spirits under the Casa Noble, High West, Mi CAMPO, and Nelson's Green Brier brand names. It provides its products to wholesale distributors, retailers, and state alcohol beverage control agencies. Constellation Brands, Inc. was founded in 1945 and is headquartered in Rochester, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $9.1B | $3.2B | $1.7B | $1.8B | 20.9% | -10.5% | -2172.1% |
| 2025 | $10.2B | $781M | $-81M | $1.9B | -1.2% | 2.5% | -104.7% |
| 2024 | $10.0B | $3.1B | $1.7B | $1.5B | 17.7% | 5.4% | -2533.0% |
| 2023 | $9.5B | $1.2B | $-71M | $1.7B | -0.8% | - | - |
| 2022 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 9,452.60 | 9,961.80 | 10,208.70 | 9,139 |
| Operating Revenue | - | 10,177.20 | 10,711 | 10,956.90 | 9,755.50 |
| Cost Of Revenue | - | 4,683.60 | 4,944.30 | 4,894.10 | 4,427.50 |
| Gross Profit | - | 4,769 | 5,017.50 | 5,314.60 | 4,711.50 |
| Operating Expense | - | 1,928.10 | 1,832.70 | 1,950 | 1,848.40 |
| Selling General And Administration | - | 1,928.10 | 1,832.70 | 1,950 | 1,848.40 |
| Total Expenses | - | 6,611.70 | 6,777 | 6,844.10 | 6,275.90 |
| Operating Income | - | 2,840.90 | 3,184.80 | 3,364.60 | 2,863.10 |
| Total Operating Income As Reported | - | 2,842.90 | 3,169.70 | 354.90 | 2,721.40 |
| EBITDA | - | 1,190.30 | 3,093.30 | 781.30 | 3,158.10 |
| Normalized EBITDA | - | 2,294.50 | 3,330.60 | 3,840.40 | 3,307.70 |
| EBIT | - | 806.50 | 2,665.40 | 335.60 | 2,739.40 |
| Interest Income | - | - | 8.20 | 7 | 10.40 |
| Interest Expense | - | 422.90 | 443.60 | 418.40 | 361.60 |
| Net Interest Income | - | -422.90 | -435.40 | -411.40 | -351.20 |
| Other Income Expense | - | -2,034.40 | -527.60 | -3,036 | -134.10 |
| Interest Income Non Operating | - | - | 8.20 | 7 | 10.40 |
| Interest Expense Non Operating | - | 422.90 | 443.60 | 418.40 | 361.60 |
| Net Non Operating Interest Income Expense | - | -422.90 | -435.40 | -411.40 | -351.20 |
| Pretax Income | - | 383.60 | 2,221.80 | -82.80 | 2,377.80 |
| Tax Provision | - | 422.10 | 456.60 | -51.70 | 621 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -231.88 | -48.88 | -642.41 | -39.07 |
| Net Income Continuous Operations | - | -38.50 | 1,765.20 | -31.10 | 1,756.80 |
| Net Income From Continuing And Discontinued Operation | - | -71 | 1,727.40 | -81.40 | 1,686.70 |
| Net Income From Continuing Operation Net Minority Interest | - | -71 | 1,727.40 | -81.40 | 1,686.70 |
| Net Income | - | -71 | 1,727.40 | -81.40 | 1,686.70 |
| Net Income Common Stockholders | - | -71 | 1,727.40 | -81.40 | 1,686.70 |
| Net Income Including Noncontrolling Interests | - | -38.50 | 1,765.20 | -31.10 | 1,756.80 |
| Normalized Income | - | 801.32 | 1,915.82 | 2,335.29 | 1,797.23 |
| Diluted NI Availto Com Stockholders | - | -71 | 1,727.40 | -81.40 | 1,686.70 |
| Basic Average Shares | - | 192.54 | 183.31 | 181.48 | 175.41 |
| Diluted Average Shares | - | 192.54 | 183.96 | 181.48 | 175.57 |
| Reconciled Depreciation | - | 383.80 | 427.90 | 445.70 | 418.70 |
| Reconciled Cost Of Revenue | - | 4,683.60 | 4,944.30 | 4,894.10 | 4,427.50 |
| Total Unusual Items | - | -1,104.20 | -237.30 | -3,059.10 | -149.60 |
| Total Unusual Items Excluding Goodwill | - | -1,104.20 | -237.30 | -3,059.10 | -149.60 |
| Minority Interests | - | -32.50 | -37.80 | -50.30 | -70.10 |
| Special Income Charges | - | -1,058.30 | -151.90 | -3,018.40 | -144.60 |
| Gain On Sale Of Business | - | 15 | -15.10 | 266 | -31.90 |
| Other Special Charges | 29.40 | 24.20 | 0.70 | - | 1.40 |
| Write Off | - | 1,060.30 | 136.10 | 486.70 | 111.30 |
| Impairment Of Capital Assets | - | 13 | 0 | 2,797.70 | 0 |
| Gain On Sale Of Security | - | -45.90 | -85.40 | -40.70 | -5 |
| Earnings From Equity Interest | - | -930.20 | -290.30 | 23.10 | 15.50 |
| Average Dilution Earnings | 0 | 0 | - | - | - |
| Excise Taxes | - | 724.60 | 749.20 | 748.20 | 616.50 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Constellation Brands, Inc.this co. | STZ | $23.7B | 14.07β discount | 2.94 | 20.9% | 11.03 |
| The EstΓ©e Lauder Companies Inc. | EL | $30.0B | - | 7.76 | -29.3% | 250.27 |
| The Kraft Heinz Company | KHC | $26.6B | -4.56 | 0.64 | -14.0% | -12.82 |
| Bunge Global SA | BG | $25.1B | 30.77 | 1.58 | 5.1% | 16.16 |
| Dollar General Corporation | DG |
| - |
| - |
| - |
| - |
| - |
| - |
| $22.8B |
| 15.10 |
| 2.68 |
| 17.8% |
| 11.54 |
| Church & Dwight Co., Inc. | CHD | $22.3B | 30.27 | 5.57 | 18.4% | 18.54 |
| Dollar Tree, Inc. | DLTR | $21.0B | 16.37 | 5.59 | 34.2% | 11.57 |
| Tyson Foods, Inc. | TSN | $20.0B | 42.26 | 1.11 | 2.6% | 10.71 |
| General Mills, Inc. | GIS | $17.2B | 7.49 | 1.87 | 24.9% | 8.19 |
| Peer Median | - | 16.37 | 2.28 | 11.4% | 11.56 | |