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STZ · NYSE

Constellation Brands, Inc.

Beverages - Brewers · United States

USD 114.330.9% daily changeQuote 2026-10-06 · USD
Market cap (USD)
US$19.53B
Trailing P/E
10.89x
Forward P/E
9.32x
Quarterly revenue growth
-3.3%
Trailing net margin
20.1%
Indicated dividend yield
3.6%

Snapshot 2026-10-06 · Latest financial period 2026-05-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-10-06 (provider estimate, not issuer-confirmed).

Company background

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.

Company website

Q2 FY2027

Go beyond the headline.

STZ Stock: More Beer Shipped, But Who Is Buying? — Q2 FY2027

Published 2026-10-06

Q2 FY2027 REPORT HIGHLIGHTS

What’s changed for STZ

Beer shipments rose while depletions declined; flat comparable profit and cash-flow timing shape a $130 base value.

  1. Shipment growth outran demand.

    Beer shipments +5.5%, depletions -0.6%; the 6.1-point gap needs an inventory explanation.

  2. EPS growth leaned on buybacks.

    Comparable net income $637.3M versus $637.8M; diluted shares declined about 3%.

  3. Margin paid for investment.

    Beer margin fell 160 basis points to 39.0% despite better gross margin.

  4. Cash improved through lower capex.

    H1 FCF rose 4.2% as operating cash flow fell 0.7%.

  5. The outlook stayed steady.

    Comparable EPS $11.20–$11.90 and FCF $1.6–$1.7B were reaffirmed; our base value is $130.

Comparable businesses

STZ peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricSTZConstellation Brands, Inc.Snapshot 2026-10-06Financial period: 2026-05-31TAPMolson Coors Beverage CompanySnapshot 2026-10-06Financial period: 2026-06-30BUDAnheuser-Busch InBev SA/NVSnapshot 2026-10-06Financial period: 2026-06-30
Market capMarket value, converted to USDUS$19.53BUS$6.91BUS$149.08B
Forward P/EProvider forward earnings estimate9.32x7.55x15.42x
EV / EBITDAEnterprise value / trailing EBITDA8.70x5.69x48.42x
Revenue growthLatest quarter vs prior-year quarter-3.3%-3.3%11.0%
Operating marginLatest reported quarter35.9%11.3%27.3%
Free cash flow yieldTrailing cash flow / market cap11.3%13.5%7.2%
Net debt / EBITDANet debt / trailing EBITDA3.02x2.56x3.28x
Debt / equityTotal debt / positive book equity1.23x0.76x0.72x
Trailing P/ETrailing twelve-month earnings10.89x—16.32x
Price / bookPrice / positive book equity per share2.37x0.68x9.56x
EV / salesEnterprise value / trailing revenue3.32x1.16x15.26x
Earnings growthLatest quarter vs prior-year quarter30.7%-42.3%124.9%
Gross marginTrailing twelve months52.7%37.0%56.5%
Net marginTrailing twelve months20.1%-20.8%14.9%
Return on equityProvider trailing return; positive equity only23.7%-19.5%11.4%
Free cash flow marginTrailing free cash flow / revenue24.4%8.4%17.1%
Dividend yieldIndicated annual dividend / price3.6%5.2%1.8%
Earnings payoutProvider trailing dividend payout39.0%36.0%29.0%
Current ratioCurrent assets / current liabilities0.91x0.88x0.66x
BetaProvider historical market sensitivity0.430.430.78

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

Reporting period
Financial history
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Market context

Valuation & price history

Adjusted closing price

Price history

Price history loads separately.

Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for STZ

All available reporting periods
Q2 FY20272026-10-06
Q1 FY20272026-07-01
Q4 FY20262026-04-16

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.