STZNYSEBeveragesFiscal year ends February 28
CONSTELLATION BRANDS, INC.
Financials through Q2 FY2027, quarter ended Aug 31, 2026Last filing: 10-Q on Oct 7, 2026
$131.07−0.28 (-0.21%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
51.6%−0.3 pts over 5 years
Operating margin
29.8%−2.6 pts over 5 years
Net margin
18.5%−4.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -10.5% | -1.1% | +1.2% | +2.4% | |
| Gross profit | -11.3% | -0.4% | +1.1% | +4.8% | |
| Operating income | +666.8% | -1.4% | -0.5% | +4.4% | |
| Net income | – | – | -3.3% | +4.8% | |
| Free cash flow | -7.4% | +1.4% | -1.6% | +13.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 22.7% | 15.5% | 22.5% | |
| Return on assets | 8.6% | 7.3% | 7.7% | |
| Current ratio | 1.20 | 2.40 | 1.08 | |
| Debt to equity | 1.34 | 0.77 | 1.31 | |
| Net debt to EBITDA | 3.44× | 3.23× | 3.33× | |
| Interest coverage | 7.1× | – | 7.5× | |
| Inventory turnover | 2.0× | 3.1× | 3.1× | |
| Capex to revenue | 12.4% | 10.0% | 9.6% |
Where the cash went
Fiscal 2022 to 2026, five years combined
Constellation Brands generated $14.06B from operations and spent $14.07B on capital expenditure, dividends and share buybacks. 39% of that went back into the business.
Generated
$14.06B
Used
$14.07B
Capital expenditure$5.42B39%Dividends$3.26B23%Share buybacks$5.39B38%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin18.5%
×Asset turnover0.42×
×Equity multiplier2.91×
=Return on equity, FY202622.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 18.5% | 0.42× | 2.91× | 22.5% |
| FY2025 | -0.8% | 0.43× | 2.85× | -1.0% |
| FY2024 | 17.3% | 0.40× | 2.77× | 19.0% |
| FY2023 | -0.8% | 0.37× | 2.51× | -0.7% |
| FY2022 | -0.5% | 0.33× | 2.09× | -0.3% |
| FY2021 | 23.2% | 0.32× | 2.12× | 15.5% |
| FY2020 | -0.1% | 0.30× | 2.29× | -0.1% |
| FY2019 | 42.3% | 0.33× | 2.42× | 33.5% |
| FY2018 | 30.4% | 0.39× | 2.63× | 31.0% |
| FY2017 | 20.9% | 0.41× | 2.64× | 22.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
6of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$1.69B
- Cash generatingOperating cash flow above zero$2.67B
- Return on assets improvedROA up on the prior year-0.3% → 7.8%
- Earnings backed by cashOperating cash flow above net income$2.67B vs $1.69B
- Less leverageLong-term debt to assets fell42.9% → 44.3%
- Better liquidityCurrent ratio rose0.92 → 1.08
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year52.06% → 51.55%
- More efficientAsset turnover rose0.40 → 0.42