Molson Coors Beverage Company (TAP)
Smaller industry benchmark · 0.30x market cap
Beverages - Brewers
YouTube · Q1 2026 · 2026-05-01
STZ · NYSE
Beverages - Brewers · United States
Snapshot 2026-11-11 · Latest financial period 2026-08-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2027-01-07 (provider estimate; issuer confirmation unavailable here).
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. Additionally, it offers a spirit-based, ready-to-drink alcoholic beverage under the SpikedAde brand. 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 websiteQ2 FY2027
Q2 FY2027 REPORT HIGHLIGHTS
Beer shipments rose while depletions declined; flat comparable profit and cash-flow timing shape a $130 base value.
Beer shipments +5.5%, depletions -0.6%; the 6.1-point gap needs an inventory explanation.
Comparable net income $637.3M versus $637.8M; diluted shares declined about 3%.
Beer margin fell 160 basis points to 39.0% despite better gross margin.
H1 FCF rose 4.2% as operating cash flow fell 0.7%.
Comparable EPS $11.20–$11.90 and FCF $1.6–$1.7B were reaffirmed; our base value is $130.
Comparable businesses
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.
| Metric | STZConstellation Brands, Inc.Snapshot 2026-11-11Financial period: 2026-08-31 | TAPMolson Coors Beverage CompanySnapshot 2026-11-11Financial period: 2026-09-30 | BUDAnheuser-Busch InBev SA/NVSnapshot 2026-11-11Financial period: 2026-09-30 |
|---|---|---|---|
| Market capMarket value, converted to USD | US$24.39B | US$7.36B | US$165.56B |
| Forward P/EProvider forward earnings estimate | 11.92x | 8.94x | 17.23x |
| EV / EBITDAEnterprise value / trailing EBITDA | 10.25x | 6.11x | 53.71x |
| Revenue growthLatest quarter vs prior-year quarter | 6.1% | -1.6% | 9.1% |
| Operating marginLatest reported quarter | 32.8% | 13.3% | 26.7% |
| Free cash flow yieldTrailing cash flow / market cap | 4.6% | 12.2% | — |
| Net debt / EBITDANet debt / trailing EBITDA | 2.98x | 2.57x | 3.19x |
| Debt / equityTotal debt / positive book equity | 1.16x | 0.59x | 0.72x |
| Trailing P/ETrailing twelve-month earnings | 12.90x | 8.63x | 17.09x |
| Price / bookPrice / positive book equity per share | 2.85x | 0.72x | 10.62x |
| EV / salesEnterprise value / trailing revenue | 3.81x | 1.20x | 17.01x |
| Earnings growthLatest quarter vs prior-year quarter | 25.3% | — | 52.5% |
| Gross marginTrailing twelve months | 52.8% | 35.9% | 56.5% |
| Net marginTrailing twelve months | 20.9% | 8.1% | 15.4% |
| Return on equityProvider trailing return; positive equity only | 24.0% | 8.0% | — |
| Free cash flow marginTrailing free cash flow / revenue | 12.1% | 8.1% | — |
| Dividend yieldIndicated annual dividend / price | 2.9% | 4.8% | 1.6% |
| Earnings payoutProvider trailing dividend payout | 36.7% | 41.5% | 27.4% |
| Current ratioCurrent assets / current liabilities | 1.00x | 0.86x | — |
| BetaProvider historical market sensitivity | 0.40 | 0.45 | 0.74 |
Smaller industry benchmark · 0.30x market cap
Beverages - Brewers
YouTube · Q1 2026 · 2026-05-01
YouTube · Q2 2026 · 2026-07-31
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THE RESEARCH RECORD
FREE RESEARCH PACKET · Q2 FY2027
Beer shipments rose while depletions declined; flat comparable profit and cash-flow timing shape a $130 base value.
Research published October 6, 2026 · Download original report
Read Research PacketPresentation · 2026-10-06 · YouTube
Short takes Q2 FY2027
STZ Stock: Shipments Up, Demand Down — Q2 FY2027 Earnings #Shorts
Watch Short on YouTube
Presentation · 2026-07-01 · YouTube
Short takes Q1 FY2027
STZ -14% — Modelo & Corona shrinking #Shorts
Watch Short on YouTube
Presentation · 2026-04-16 · YouTube
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