Constellation Brands, Inc.
Financial Performance
Constellation Brands Revenue & Financials
Revenue
$9.1B (FY2026)
Market Cap
$19.3B
Net Income
$1.7B
Employees
9,400
What is Constellation Brands's revenue?
Constellation Brands had $9.1B in revenue for fiscal year 2026, down 10.5% from 2025. Net income was $1.7B.
- Latest revenue
- $9.1B (FY2026)
- Year-over-year
- -10.5%
- Growth rate (CAGR)
- 2.5% over 9 years
- Peak revenue
- $10.2B (FY2025)
- Years of data
- 10
- Employees
- 9,400
- What is Constellation Brands's operating income?
- Constellation Brands reported operating income of $2.7B for fiscal year 2026. sec.gov
- How much profit does Constellation Brands make?
- Constellation Brands reported net income of $1.7B for fiscal year 2026. sec.gov
- How many employees does Constellation Brands have?
- Constellation Brands has about 9,400 employees.
Financial Analysis
Net sales peaked at $10.21 billion in FY2025 and dipped to $9.139 billion in FY2026 as Constellation sold mainstream wine brands and beer shipments fell 3.8%. Net income swung from an $81.4 million loss in FY2025 (driven by about $2.8 billion of wine and spirits goodwill and intangible impairments) to $1.687 billion in FY2026. In Q1 FY2027 net sales were $2.43 billion, beer operating income rose 2% to $891.4 million, and free cash flow increased 9% to $485 million. Management reaffirmed FY2027 guidance of $11.20 to $11.90 comparable EPS and $1.6 to $1.7 billion of free cash flow. The earlier Canopy Growth cannabis investment of roughly $4 billion produced multibillion-dollar write-downs. Constellation Brands is a dominant international producer and marketer of beer, wine, and spirits, commanding a market valuation typically exceeding $45 billion.
Revenue Trend Analysis
YoY Change
-10.5%
9-Year CAGR
+2.5%
Peak Year
2025
Trend
Consistent Growth
Constellation Brands, Inc. has 10 full fiscal year figures on this page, compounding at +2.5% annually over 9 years. The most recent year saw a 10.5% decline versus the prior year. Annual revenue peaked in fiscal year 2025 at $10.2B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
Click any row to see year details.
Constellation Brands, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2026ended Feb 28, 2026 | $2.7B | $875M | $21.9B | $13.5B | $8.1B | $1.8B | Form 10-K |
| FY2025ended Feb 28, 2025 | $3.2B | $1.2B | $21.7B | $14.5B | $6.9B | $1.9B | Form 10-K |
| FY2024ended Feb 29, 2024 | $2.8B | $1.3B | $25.7B | $15.6B | $9.7B | $1.5B | Form 10-K |
| FY2023ended Feb 28, 2023 | $2.8B | $1B | $24.7B | $15.9B | $8.4B | $1.7B | Form 10-K |
| FY2022ended Feb 28, 2022 | $2.7B | $1B | $25.9B | $13.8B | $11.7B | $1.7B | Form 10-K |
| FY2021ended Feb 28, 2021 | $2.8B | $864.6M | $27.1B | $13.2B | $13.6B | $1.9B | Form 10-K |
| FY2020ended Feb 29, 2020 | $2.6B | $726.5M | $27.3B | $14.8B | $12.1B | $1.8B | Form 10-K |
| FY2019ended Feb 28, 2019 | $2.2B | $886.3M | $29.2B | $16.4B | $12.6B | $1.4B | Form 10-K |
| FY2018ended Feb 28, 2018 | $1.9B | $1.1B | $20.5B | $12.5B | $8B | $873.8M | Form 10-K |
| FY2017ended Feb 28, 2017 | — | $907.4M | $18.6B | $11.7B | $6.9B | — | Form 10-K |
Keep researching Constellation Brands
Constellation Brands Revenue and Financial FAQ
What are Constellation Brands' annual net sales and operating income figures?
Constellation reported $9.139 billion in FY2026 net sales (down from $10.21 billion in FY2025 after wine divestitures) and $1.687 billion of net income. Beer contributed $8.315 billion.
What are the operating margins of Constellation's Beer segment?
Constellation's Beer segment achieves high-quality operating margins ranging between 38% and 40%, significantly higher than traditional domestic brewers, driven by premium pricing power, brewery manufacturing scale, and high brand equity.
How much annual free cash flow does Constellation Brands generate?
Management guided to $1.6 to $1.7 billion of free cash flow for fiscal 2027. In Q1 FY2027 operating cash flow was $662 million and free cash flow $485 million, up 9%.
What is Constellation Brands' capital return policy for shareholders?
Constellation pays a quarterly dividend of $1.03 per Class A share ($4.12 annualized) and buys back stock. In Q1 FY2027 it returned more than $400 million to shareholders, including $324 million of share repurchases.
How did Constellation eliminate its dual-class share structure in 2022?
In November 2022, Constellation completed a reclassification of its common stock that eliminated its dual-class voting structure, transitioning the Sands family's Class B super-voting shares (which held 10 votes per share) into single-vote Class A shares, modernizing corporate governance and enhancing shareholder democracy.
What financial impact did the Canopy Growth investment have on reported earnings?
Due to Canadian cannabis market overcapacity and regulatory headwinds, Constellation recorded non-cash impairment charges and equity losses totaling several billion dollars on its Canopy Growth investment between 2019 and 2023, while ring-fencing its core beer and wine operations from cannabis debt liabilities.
What is Constellation Brands' investment-grade credit rating and debt target?
Constellation has investment-grade credit ratings and targets a net leverage ratio of about 3x. In August 2026 it gave notice to redeem its 4.350% senior notes due 2027 ahead of maturity.
What is Constellation Brands' market capitalization on the New York Stock Exchange?
Constellation Brands (NYSE: STZ) had a market capitalization of about $19.26 billion as of September 29, 2026, when its shares traded at $112.77.
Did Constellation Brands invest in weed?
Yes, in a massive and highly controversial move, they invested roughly $4 billion into Canopy Growth, a Canadian cannabis company. The investment performed disastrously, forcing Constellation to write down billions in losses.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Constellation Brands Revenue & Financials." CorpDigest, https://corpdigest.com/company/constellation-brands/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Constellation Brands reported $9.1B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/constellation-brands/financials" target="_blank" rel="noopener">CorpDigest — Constellation Brands financials</a></div>Related Financial Audits
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