FirmAtlas
Company handbook · STZ · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
STZ · CIK 16918 · LATEST FILING: 10-Q AUG '26 · FILED OCT 7, 2026
CONSTELLATION BRANDS, INC.
$131.35
+1.77 (+1.37%)
Close, Oct 16, 2026 · 52-week $111–169
Last fiscal year
CONSTELLATION BRANDS, INC. reported revenue of $9.1B for the year ended Feb 28, 2026 (FY25), down 10.5% from FY24. Net income was $1.7B, operating cash flow $2.7B and free cash flow $1.8B. Source: 10-K filed Apr 22, 2026.
Div yield
3.12%
ROIC
10.9%
Revenue 1Y
−10.5%/yr
EPS 1Y
n/m
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEONicholas I. Fink
HQRochester, NY
AuditorKPMG LLP
Employees9,400
Year endsFebruary
Revenue by segment · FY25
Beer91%
Constellationwinesandspirits9%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−2.5%
−9.7%
−17.6%
−5.7%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$5.7B deployed
Capex
$2.1B
36.4%
Acquisitions
$159M
2.8%
Dividends
$1.4B
25.2%
Buybacks
$2.0B
35.7%
Operating cash flow over the period: $5.8B. Total debt changed by −$929M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Feb 28, 2026 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Aug '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
10,209
9,139−10.5%
9,209
YoY
−10.5%
Gross profit
5,315
4,712−11.3%
4,848
Gross margin
52.1%
51.6%−0.5 pp
—
Operating income
355
2,721+666.8%
2,784
Operating margin
3.5%
29.8%+26.3 pp
—
EBITDA
802
3,141+291.7%
—
EBITDA margin
7.9%
34.4%+26.5 pp
—
Interest expense
418
362−13.6%
—
Interest coverage
1.92x
8.69x+6.77x
—
Net income
(81)
1,687n/m
1,924
YoY
n/m
Net margin
−0.8%
18.5%+19.3 pp
—
Balance sheet
Total assets
21,652
21,900+1.1%
22,064
Cash & short-term investments
68
102+50.4%
—
Accounts receivable
736
658−10.6%
—
Inventory
1,437
1,434−0.2%
—
Net PP&E
7,410
8,521+15.0%
—
Other assets
12,001
11,185−6.8%
—
Total liabilities
14,770
13,818−6.4%
13,477
Accounts payable
940
960+2.2%
—
Total debt
11,498
10,568−8.1%
10,316
Other liabilities
2,333
2,289−1.9%
—
Shareholders’ equity
6,882
8,082+17.4%
8,587
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
3,152
2,669−15.3%
2,658
Net income
(81)
1,687n/m
—
Depreciation & amortization
447
420−6.0%
—
Stock-based compensation
72
68−6.2%
—
Working capital & other
2,714
495−81.8%
—
Cash from investing
(975)
16n/m
—
Capex
(1,214)
(875)n/m
—
PP&E sold
36
59+66.2%
—
Acquisitions
(159)
0n/m
—
Investments bought
(35)
(18)n/m
—
Other investing
398
850+114.0%
—
Cash from financing
(2,262)
(2,656)n/m
—
Debt raised
0
998n/m
—
Debt repaid
(957)
(1,404)n/m
—
Dividends
(732)
(716)n/m
—
Buybacks
(1,124)
(924)n/m
—
Other financing
551
(610)−210.7%
—
Net change in cash
(84)
34n/m
—
Free cash flow (OCF − capex)
1,938
1,794−7.4%
1,839
Where the cash went
Operating cash flow
3,152
2,669−15.3%
2,658
Reinvested in the business
1,373
875−36.3%
—
% of operating cash flow
43.6%
32.8%
Capex
1,214
875−27.9%
819
Acquisitions
159
0−100.0%
—
Free cash flow
1,938
1,794−7.4%
1,839
YoY
−7.4%
Returned to shareholders
1,856
1,640−11.6%
—
% of free cash flow
95.7%
91.4%
Dividends
732
716−2.2%
—
Buybacks
1,124
924−17.8%
—
Change in total debt
—
(929)
—
Cash left over
—
(775)
—
FCF conversion (FCF ÷ net income)
—
106.4%
—
Owner earnings
—
1,334
—
Owner earnings margin
—
14.6%
—
Returns & ratios
ROIC (all capital)
0.8%
10.9%+10.1 pp
—
ROIC (operating)
1.6%
22.0%+20.3 pp
—
Net debt / EBITDA
14.25x
3.33x−10.92x
—
Debt / equity
1.67x
1.31x−0.36x
—
Cash conversion cycle (days)
63
65+2 d
—
ROE
−1.2%
20.9%+22.1 pp
—
ROA
−0.4%
7.7%+8.1 pp
—
ROCE
2.0%
14.2%+12.2 pp
—
NOPAT
142
2,011+1316.4%
—
Invested capital (operating)
8,644
9,653+11.7%
—
Invested capital (all)
18,312
18,548+1.3%
—
Reinvestment rate
—
50.2%
—
Debtor days
26
26−0 d
—
Inventory days
107
118+11 d
—
Days payable
70
79+9 d
—
Net debt is 3.3x EBITDA (FY25).
Income
Nov '25
Feb '26
May '26
Aug '26
Revenue
2,223
1,920
2,433
2,633
vs year-ago quarter
Gross profit
1,183
952
1,321
1,393
Gross margin
53.2%
49.6%
54.3%
52.9%
Operating income
692
442
845
805
Net income
503
202
654
566
vs year-ago quarter
Net margin
22.6%
10.5%
26.9%
21.5%
Balance sheet
Nov '25
Feb '26
May '26
Aug '26
Total assets
21,683
21,900
22,109
22,064
Cash & equivalents
152
102
97
98
Total debt
10,664
10,568
10,534
10,316
Shareholders’ equity
7,711
8,082
8,256
8,587
Cash flow
Nov '25
Feb '26
May '26
Aug '26
Operating cash flow
617
563
662
817
Capex
246
219
177
177
Free cash flow
371
344
485
640
vs year-ago quarter