Constellation Brands (STZ) Financials

$187.41 +1.78 (+0.96%)

As of 03:59 PM Eastern

Annual Income Statements for Constellation Brands

This table shows Constellation Brands' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	839	1,055	1,529	2,303	3,436	-12	1,998	-40	-71	1,727
Consolidated Net Income / (Loss)	836	1,061	1,533	2,315	3,459	21	2,032	1.00	-39	1,765
Net Income / (Loss) Continuing Operations	836	1,061	1,533	2,315	3,459	21	2,032	1.00	-39	1,765
Total Pre-Tax Income	1,180	1,501	2,083	2,338	4,145	-945	2,543	310	384	2,222
Total Operating Income	1,500	1,765	2,127	2,280	2,412	2,155	2,791	2,332	2,843	3,170
Total Gross Profit	2,579	2,942	3,519	3,813	4,080	4,152	4,466	4,707	4,769	5,018
Total Revenue	6,672	7,224	8,051	8,322	8,884	9,113	9,356	9,529	10,177	10,711
Operating Revenue	6,672	7,224	8,051	8,322	8,884	9,113	9,356	9,529	10,177	10,711
Total Cost of Revenue	4,094	4,282	4,532	4,510	4,804	4,961	4,890	4,822	5,408	5,694
Operating Cost of Revenue	4,094	4,282	4,532	4,510	4,804	4,961	4,890	4,822	5,408	5,694
Total Operating Expenses	1,078	1,177	1,392	1,533	1,668	1,997	1,675	2,376	1,926	1,848
Selling, General & Admin Expense	1,078	1,177	1,392	1,533	1,668	1,622	1,675	1,710	1,926	1,848
Impairment Charge	-	-	-	0.00	0.00	450	0.00	666	0.00	0.00
Total Other Income / (Expense), net	-321	-264	-44	58	1,733	-3,100	-248	-2,021	-2,459	-948
Interest Expense	4.40	1.10	0.00	97	1.70	2.40	13	29	24	0.70
Interest & Investment Income	-316	-263	-306	155	1,735	-3,097	-235	-1,992	-2,435	-947
Income Tax Expense	343	441	550	23	686	-967	511	309	422	457
Net Income / (Loss) Attributable to Noncontrolling Interest	-3.10	5.70	4.10	12	23	33	34	41	33	38
Basic Earnings per Share	$8.40	$10.34	-	$11.96	$34.81	($0.14)	$10.44	($0.42)	($2.13)	$9.42
Weighted Average Basic Shares Outstanding	192.72M	196.75M	217.10M	171.46M	190.57M	191.64M	170.24M	190.66M	192.54M	183.31M
Diluted Earnings per Share	$8.00	$9.97	-	$11.47	$33.78	($0.14)	$10.23	($0.42)	($2.13)	$9.39
Weighted Average Diluted Shares Outstanding	224.62M	227.18M	217.10M	200.75M	218.85M	191.64M	195.31M	190.66M	192.54M	183.96M
Weighted Average Basic & Diluted Shares Outstanding	209.80M	214.40M	217.10M	212.10M	207.40M	192.84M	194.03M	188.22M	183.25M	182.98M
Cash Dividends to Common per Share	$0.00	$2.36	-	$2.08	$5.64	$5.72	$3.00	$5.80	$5.36	$3.56

This table shows Constellation Brands' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Income / (Loss) Attributable to Common Shareholders	390	-1,151	468	223	136	690	509	392	877	-1,199	616
Consolidated Net Income / (Loss)	399	-1,141	480	223	139	701	521	404	893	-1,182	629
Net Income / (Loss) Continuing Operations	399	-1,141	480	223	139	701	521	404	893	-1,182	629
Total Pre-Tax Income	525	-1,008	611	256	230	848	651	493	921	-1,335	674
Total Operating Income	816	813	747	467	765	979	797	629	942	-1,229	793
Total Gross Profit	1,255	1,326	1,227	961	1,258	1,450	1,271	1,039	1,404	1,512	1,284
Total Revenue	2,541	2,864	2,625	2,148	2,700	3,053	2,658	2,300	2,861	3,139	2,644
Operating Revenue	2,541	2,864	2,625	2,148	2,700	3,053	2,658	2,300	2,861	3,139	2,644
Total Cost of Revenue	1,286	1,538	1,398	1,186	1,442	1,603	1,388	1,261	1,457	1,627	1,360
Operating Cost of Revenue	1,286	1,538	1,398	1,186	1,442	1,603	1,388	1,261	1,457	1,627	1,360
Total Operating Expenses	439	513	480	495	493	471	474	410	462	2,741	491
Selling, General & Admin Expense	439	513	480	495	493	471	474	410	462	491	491
Impairment Charge	-	-	-	-	-	0.00	0.00	-	-	2,250	0.00
Total Other Income / (Expense), net	-292	-1,821	-136	-210	-534	-131	-146	-137	-21	-105	-119
Interest Expense	104	8.00	99	-186	119	111	104	-	103	104	104
Interest & Investment Income	-188	-1,813	-37	-397	-415	-20	-42	-137	82	-1.20	-15
Income Tax Expense	125	132	131	33	91	147	130	88	28	-152	45
Net Income / (Loss) Attributable to Noncontrolling Interest	9.80	11	12	0.20	3.30	11	12	12	16	17	13
Basic Earnings per Share	$3.98	($6.30)	$4.36	($4.17)	$0.74	$3.76	$2.77	$2.15	$4.80	($6.59)	$3.40
Weighted Average Basic Shares Outstanding	188.54M	161.73M	189.88M	192.54M	183.27M	183.50M	183.53M	183.31M	182.77M	181.95M	181.24M
Diluted Earnings per Share	$3.95	($6.30)	$4.30	($4.08)	$0.74	$3.74	$2.76	$2.15	$4.78	($6.59)	$3.39
Weighted Average Diluted Shares Outstanding	212.54M	161.73M	208.50M	192.54M	183.86M	184.28M	184.17M	183.96M	183.46M	181.95M	181.75M
Weighted Average Basic & Diluted Shares Outstanding	184.78M	184.48M	184.55M	183.25M	183.32M	183.69M	182.82M	182.98M	182.22M	181.56M	180.73M
Cash Dividends to Common per Share	$1.52	$0.80	$1.52	$1.52	$0.89	$0.89	$0.89	$0.89	$1.01	$1.01	$1.01

This table details how cash moves in and out of Constellation Brands' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	46	-27	94	-87	3.30	-12	379	-261	-66	19
Net Cash From Operating Activities	1,081	1,414	1,696	1,931	2,246	2,551	2,807	2,705	2,757	2,780
Net Cash From Continuing Operating Activities	1,081	1,414	1,696	1,931	2,246	2,551	2,807	2,705	2,757	2,780
Net Income / (Loss) Continuing Operations	836	1,061	1,533	2,315	3,459	21	2,032	1.00	-39	1,765
Consolidated Net Income / (Loss)	836	1,061	1,533	2,315	3,459	21	2,032	1.00	-39	1,765
Depreciation Expense	162	180	238	294	333	327	294	337	384	428
Amortization Expense	52	54	69	201	143	33	36	45	50	13
Non-Cash Adjustments To Reconcile Net Income	55	54	-206	-699	-1,993	3,334	14	2,448	2,310	699
Changes in Operating Assets and Liabilities, net	-24	65	63	-180	304	-1,164	431	-126	51	-125
Net Cash From Investing Activities	-1,016	-2,207	-1,462	-1,423	-4,832	-531	-88	-1,036	-999	-1,286
Net Cash From Continuing Investing Activities	-1,016	-2,207	-1,462	-1,423	-4,832	-531	-88	-1,036	-999	-1,286
Purchase of Property, Plant & Equipment	-719	-891	-907	-1,058	-886	-727	-865	-1,027	-1,035	-1,269
Acquisitions	-310	-1,316	-1,111	-150	-46	-36	-20	-54	-37	-7.50
Purchase of Investments	-	0.00	-17	-211	-4,082	-48	-222	-37	-31	-35
Sale of Property, Plant & Equipment	-	-	2.10	5.90	72	8.30	19	4.10	6.70	22
Divestitures	-	-	-	-	0.00	270	1,000	4.60	97	5.40
Sale and/or Maturity of Investments	-	-	0.00	0.00	110	1.50	0.00	74	0.00	0.30
Other Investing Activities, net	14	0.30	572	-10	-0.90	0.40	0.60	-2.00	0.50	-2.30
Net Cash From Financing Activities	-16	776	-135	-601	2,593	-2,031	-2,347	-1,930	-1,820	-1,475
Net Cash From Continuing Financing Activities	-16	776	-135	-601	2,593	-2,031	-2,347	-1,930	-1,820	-1,475
Repayment of Debt	-620	-222	-986	-7,251	-97	-2,204	-2,744	-1,400	-2,196	-817
Repurchase of Common Equity	0.00	-34	-1,123	-1,039	-504	-50	0.00	-1,391	-1,700	-250
Payment of Dividends	0.00	-242	-315	-400	-558	-569	-610	-626	-643	-706
Issuance of Debt	918	971	2,163	8,071	3,703	739	956	1,319	4,187	221
Issuance of Common Equity	179	138	60	49	63	78	59	178	42	105
Other Financing Activities, net	-494	165	67	-32	-14	-26	-7.70	-9.80	-1,510	-26
Effect of Exchange Rate Changes	-2.50	-9.30	-5.10	5.80	-4.50	-0.90	7.20	-1.30	-3.50	-0.60
Cash Interest Paid	325	310	300	322	325	449	419	369	386	419
Cash Income Taxes Paid	170	80	220	239	186	85	190	325	130	334

This table details how cash moves in and out of Constellation Brands' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Change in Cash & Equivalents	-98	63	20	-52	59	-109	-4.60	74	-79	-9.20	9.10
Net Cash From Operating Activities	758	896	626	476	665	957	725	433	691	1,182	685
Net Cash From Continuing Operating Activities	758	896	626	476	665	957	725	433	691	1,182	685
Net Income / (Loss) Continuing Operations	399	-1,141	480	223	139	701	521	404	893	-1,182	629
Consolidated Net Income / (Loss)	399	-1,141	480	223	139	701	521	404	893	-1,182	629
Depreciation Expense	93	91	95	105	105	108	108	106	112	109	119
Non-Cash Adjustments To Reconcile Net Income	247	1,764	64	236	452	60	79	92	-36	2,304	62
Changes in Operating Assets and Liabilities, net	1.50	172	-15	-107	-32	87	17	-173	-278	-49	-125
Net Cash From Investing Activities	-227	-259	-161	-353	-292	-309	-329	-356	-377	-480	-241
Net Cash From Continuing Investing Activities	-227	-259	-161	-353	-292	-309	-329	-356	-377	-480	-241
Purchase of Property, Plant & Equipment	-197	-238	-249	-352	-277	-305	-330	-357	-375	-328	-228
Acquisitions	-37	-	0.10	-	-	-	-	-	-	-	-0.40
Purchase of Investments	0.00	-21	-8.50	-1.30	-22	-6.00	-7.00	-	-13	-6.00	-12
Sale of Property, Plant & Equipment	6.50	0.10	-	0.10	0.00	15	7.00	0.10	13	20	2.00
Other Investing Activities, net	0.50	0.10	-0.10	-	0.00	-4.00	0.90	0.80	-2.00	-8.00	-1.70
Net Cash From Financing Activities	-627	-571	-447	-174	-315	-758	-400	-2.20	-393	-711	-435
Net Cash From Continuing Financing Activities	-627	-571	-447	-174	-315	-758	-400	-2.20	-393	-711	-435
Repayment of Debt	-1,111	-578	-3.40	-505	-508	-303	-2.40	-4.60	-552	-2.10	-402
Repurchase of Common Equity	-1,008	-393	-	-300	-35	-	-215	-	-200	-249	-219
Payment of Dividends	-161	-157	-161	-164	-175	-174	-177	-180	-203	-198	-214
Issuance of Debt	1,648	540	1,211	789	399	-352	-8.50	182	552	-285	382
Issuance of Common Equity	14	17	6.20	5.70	16	70	2.80	16	25	24	18
Effect of Exchange Rate Changes	-1.80	-2.20	1.50	-1.00	0.20	0.90	-0.40	-1.30	1.30	0.20	-0.70

This table presents Constellation Brands' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	15,093	16,965	18,602	20,539	29,232	27,323	27,105	25,856	24,662	25,692
Total Current Assets	2,911	2,978	3,230	3,474	3,684	3,484	3,045	3,330	3,496	3,730
Cash & Equivalents	110	83	177	90	94	81	461	199	134	152
Accounts Receivable	599	733	737	776	847	865	785	899	902	833
Inventories, net	1,827	1,852	1,955	2,084	2,130	1,374	1,291	1,573	1,899	2,078
Prepaid Expenses	375	310	361	524	613	536	508	658	562	666
Plant, Property, & Equipment, net	2,682	3,333	3,933	4,790	5,267	5,333	0.00	0.00	0.00	8,055
Total Noncurrent Assets	9,501	10,654	11,440	12,275	20,280	18,506	24,060	22,526	21,166	13,907
Goodwill	6,208	7,139	7,921	8,083	8,089	7,757	7,794	7,862	7,925	7,980
Intangible Assets	3,181	3,404	3,378	3,305	3,198	2,719	2,732	2,755	2,728	2,732
Noncurrent Deferred & Refundable Income Taxes	-	-	-	0.00	2,183	2,656	2,493	2,352	2,193	2,055
Other Noncurrent Operating Assets	111	112	141	93	110	1,163	6,436	6,677	7,656	1,140
Total Liabilities & Shareholders' Equity	15,093	16,965	18,602	20,539	29,232	27,323	27,105	25,856	24,662	25,692
Total Liabilities	9,212	10,273	11,718	12,547	16,394	14,849	13,176	13,808	15,928	15,627
Total Current Liabilities	1,131	2,272	2,698	2,040	3,164	2,312	1,269	2,699	2,968	3,142
Short-Term Debt	211	1,265	1,517	769	1,857	974	29	928	1,175	1,198
Accounts Payable	286	429	560	592	617	558	460	899	942	1,107
Accrued Expenses	-	544	620	678	690	780	780	871	852	836
Total Noncurrent Liabilities	8,081	8,001	9,020	10,507	13,231	12,537	11,907	11,109	12,960	12,485
Long-Term Debt	7,086	6,816	7,721	9,418	11,760	11,211	10,413	9,488	11,287	10,681
Noncurrent Deferred & Payable Income Tax Liabilities	819	1,022	1,134	1,090	1,471	1,326	1,494	1,621	1,674	1,804
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,881	6,692	6,885	7,992	12,837	12,474	13,929	12,048	8,734	10,065
Total Preferred & Common Equity	5,771	6,560	6,891	7,975	12,551	12,132	13,599	11,732	8,414	9,743
Total Common Equity	5,771	6,560	6,891	7,972	12,551	12,132	13,599	11,732	8,414	9,743
Common Stock	2,273	2,592	2,759	2,825	1,413	1,517	1,606	1,811	1,905	2,049
Retained Earnings	5,278	6,091	7,310	9,157	14,276	13,695	15,118	14,505	12,344	13,417
Treasury Stock	-1,649	-1,670	-2,778	-3,807	-2,784	-2,814	-2,790	-4,172	-	-6,100
Accumulated Other Comprehensive Income / (Loss)	-131	-453	-400	-203	-354	-266	-336	-413	29	377
Noncontrolling Interest	111	132	-6.40	17	286	343	330	316	320	322

This table presents Constellation Brands' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Total Assets	25,841	24,281	24,463	24,662	24,759	24,930	25,057	25,692	26,060	23,079	22,806
Total Current Assets	3,302	3,530	3,526	3,496	3,653	3,434	3,551	3,730	3,828	3,647	3,630
Cash & Equivalents	102	165	185	134	193	83	79	152	74	65	74
Accounts Receivable	880	979	921	902	933	933	897	833	894	871	836
Inventories, net	1,656	1,651	1,802	1,899	1,951	1,814	1,988	2,078	2,127	2,099	2,130
Prepaid Expenses	664	735	618	562	576	604	587	666	734	612	590
Plant, Property, & Equipment, net	6,163	6,234	6,524	0.00	7,190	7,580	7,714	8,055	8,298	7,899	7,785
Total Noncurrent Assets	16,376	14,517	14,413	21,166	13,917	13,915	13,793	13,907	13,934	11,534	11,391
Goodwill	7,915	7,899	7,897	7,925	7,954	7,986	7,978	7,980	7,985	5,715	5,612
Intangible Assets	2,766	2,764	2,742	2,728	2,727	2,735	2,732	2,732	2,732	2,763	2,718
Noncurrent Deferred & Refundable Income Taxes	2,335	2,292	2,242	2,193	2,161	2,148	2,086	2,055	2,020	1,964	1,915
Other Noncurrent Operating Assets	654	637	667	7,656	783	771	763	1,140	1,197	1,091	1,146
Total Liabilities & Shareholders' Equity	25,841	24,281	24,463	24,662	24,759	24,930	25,057	25,692	26,060	23,079	22,806
Total Liabilities	14,283	14,570	15,746	15,928	15,851	15,206	15,259	15,627	15,488	14,923	14,735
Total Current Liabilities	2,366	2,512	2,725	2,968	3,191	2,858	3,380	3,142	3,122	2,914	3,289
Short-Term Debt	699	672	885	1,175	1,377	1,026	1,416	1,198	1,199	913	1,393
Accounts Payable	875	959	1,008	942	1,003	979	1,029	1,107	1,139	1,099	1,056
Accrued Expenses	792	881	832	852	810	853	935	836	784	902	840
Total Noncurrent Liabilities	11,917	12,058	13,021	12,960	12,661	12,349	11,879	12,485	12,366	12,009	11,446
Long-Term Debt	10,278	10,279	11,287	11,287	10,980	10,681	10,282	10,681	10,683	10,684	10,186
Noncurrent Deferred & Payable Income Tax Liabilities	1,639	1,779	1,734	1,674	1,681	1,668	1,597	1,804	1,683	1,326	1,260
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	11,559	9,711	8,717	8,734	8,908	9,724	9,798	10,065	10,572	8,156	8,072
Total Preferred & Common Equity	11,231	9,389	8,390	8,414	8,585	9,391	9,471	9,743	10,252	7,871	7,818
Total Common Equity	11,231	9,387	8,390	8,414	8,585	9,391	9,471	9,743	10,252	7,871	7,818
Common Stock	1,827	1,860	1,886	1,905	1,920	2,001	2,021	2,049	2,072	2,117	2,135
Retained Earnings	14,746	13,448	12,268	12,344	12,317	12,843	13,188	13,417	14,110	12,727	13,160
Treasury Stock	-5,176	-5,567	-5,563	-	-5,895	-5,887	-6,102	-6,100	-6,298	-6,547	-6,752
Accumulated Other Comprehensive Income / (Loss)	-166	-355	-201	29	243	434	364	377	368	-427	-725
Noncontrolling Interest	327	322	327	320	323	333	327	322	320	285	254

This table displays calculated financial ratios and metrics derived from Constellation Brands' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.31%	8.27%	11.45%	3.36%	6.76%	2.57%	2.66%	1.85%	6.80%	5.25%
EBITDA Growth	-34.18%	16.61%	34.83%	2.95%	4.10%	-12.98%	24.13%	-13.03%	20.74%	10.18%
EBIT Growth	-38.46%	17.66%	35.35%	-4.57%	5.81%	-10.68%	29.55%	-16.46%	21.92%	11.50%
NOPAT Growth	-50.55%	17.26%	25.48%	44.28%	-10.84%	-25.08%	47.87%	-99.66%	-3,898.33%	982.60%
Net Income Growth	-56.97%	26.84%	44.51%	51.06%	49.40%	-99.38%	9,394.39%	-99.95%	-3,950.00%	4,684.94%
EPS Growth	0.00%	24.63%	0.00%	0.00%	194.51%	-100.41%	7,407.14%	-104.11%	-407.14%	540.85%
Operating Cash Flow Growth	30.84%	30.78%	19.97%	13.88%	16.30%	13.57%	10.01%	-3.60%	1.90%	0.84%
Free Cash Flow Firm Growth	98.32%	-465.57%	182.41%	193.93%	-138.77%	327.45%	310.79%	-102.22%	-1,679.64%	199.76%
Invested Capital Growth	9.46%	12.41%	8.55%	8.46%	13.68%	3.59%	-5.22%	0.42%	5.23%	5.99%
Revenue Q/Q Growth	-3.41%	2.76%	3.65%	-0.63%	0.41%	1.19%	0.48%	1.58%	-1.18%	1.45%
EBITDA Q/Q Growth	1.76%	3.59%	14.01%	4.97%	-0.43%	-1.34%	0.79%	4.70%	-5.28%	4.29%
EBIT Q/Q Growth	1.65%	3.36%	13.29%	3.77%	-1.89%	3.85%	0.51%	5.34%	-6.90%	5.41%
NOPAT Q/Q Growth	5.63%	1.33%	2.10%	30.99%	-16.14%	-91.89%	-0.25%	107.22%	-140.59%	4.98%
Net Income Q/Q Growth	6.94%	3.29%	15.89%	24.69%	11.06%	-97.52%	-1.30%	107.14%	-126.75%	11.44%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-135.44%	81.27%
Operating Cash Flow Q/Q Growth	14.13%	-0.62%	-2.41%	10.45%	-7.82%	8.62%	-1.12%	-6.29%	8.46%	-1.53%
Free Cash Flow Firm Q/Q Growth	-223.74%	-161.62%	179.09%	1,944.68%	80.10%	-95.95%	34.52%	-105.16%	-94.94%	23.23%
Invested Capital Q/Q Growth	1.41%	8.75%	3.33%	0.52%	-8.03%	0.83%	-3.42%	4.96%	2.83%	2.06%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.65%	40.73%	43.71%	45.81%	45.93%	45.56%	47.74%	49.40%	46.86%	46.84%
EBITDA Margin	25.70%	27.68%	33.48%	33.34%	32.51%	27.58%	33.35%	28.48%	32.20%	33.71%
Operating Margin	22.48%	24.43%	26.41%	27.39%	27.15%	23.64%	29.83%	24.47%	27.93%	29.59%
EBIT Margin	22.48%	24.43%	29.67%	27.39%	27.15%	23.64%	29.83%	24.47%	27.93%	29.59%
Profit (Net Income) Margin	12.53%	14.68%	19.04%	27.82%	38.94%	0.23%	21.72%	0.01%	-0.38%	16.48%
Tax Burden Percent	70.89%	70.65%	73.58%	99.03%	83.45%	-2.26%	79.90%	0.32%	-10.04%	79.45%
Interest Burden Percent	78.63%	85.05%	87.19%	102.55%	171.83%	-43.87%	91.11%	13.31%	13.49%	70.10%
Effective Tax Rate	29.11%	29.35%	26.42%	0.97%	16.55%	0.00%	20.10%	99.68%	110.04%	20.55%
Return on Invested Capital (ROIC)	8.51%	8.99%	10.22%	13.58%	10.89%	7.54%	11.24%	0.04%	-1.43%	11.99%
ROIC Less NNEP Spread (ROIC-NNEP)	5.29%	6.53%	9.84%	14.21%	28.83%	-12.67%	8.25%	-0.06%	1.16%	5.50%
Return on Net Nonoperating Assets (RNNOA)	6.89%	7.89%	12.36%	17.54%	22.32%	-7.37%	4.15%	-0.03%	1.06%	6.79%
Return on Equity (ROE)	15.40%	16.87%	22.58%	31.13%	33.21%	0.17%	15.39%	0.01%	-0.37%	18.78%
Cash Return on Invested Capital (CROIC)	-0.53%	-2.70%	2.02%	5.47%	-1.91%	4.00%	16.60%	-0.38%	-6.53%	6.17%
Operating Return on Assets (OROA)	10.21%	11.01%	13.43%	11.65%	9.69%	7.62%	10.26%	8.81%	11.26%	12.59%
Return on Assets (ROA)	5.69%	6.62%	8.62%	11.83%	13.90%	0.08%	7.47%	0.00%	-0.15%	7.01%
Return on Common Equity (ROCE)	15.24%	16.55%	22.37%	31.10%	32.73%	0.16%	15.00%	0.01%	-0.36%	18.14%
Return on Equity Simple (ROE_SIMPLE)	14.49%	16.17%	22.24%	29.03%	27.56%	0.18%	14.94%	0.01%	-0.46%	18.12%
Net Operating Profit after Tax (NOPAT)	1,063	1,247	1,565	2,258	2,013	1,508	2,230	7.51	-285	2,518
NOPAT Margin	15.94%	17.26%	19.44%	27.13%	22.66%	16.55%	23.84%	0.08%	-2.80%	23.51%
Net Nonoperating Expense Percent (NNEP)	3.21%	2.46%	0.38%	-0.63%	-17.94%	20.21%	2.99%	0.10%	-2.60%	6.49%
Cost of Revenue to Revenue	61.35%	59.27%	56.29%	54.19%	54.07%	54.44%	52.26%	50.60%	53.14%	53.16%
SG&A Expenses to Revenue	16.16%	16.30%	17.29%	18.42%	18.78%	17.80%	17.90%	17.94%	18.93%	17.25%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.16%	16.30%	17.29%	18.42%	18.78%	21.92%	17.90%	24.93%	18.93%	17.25%
Earnings before Interest and Taxes (EBIT)	1,500	1,765	2,389	2,280	2,412	2,155	2,791	2,332	2,843	3,170
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,714	1,999	2,696	2,775	2,889	2,514	3,121	2,714	3,277	3,611
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.42	3.85	4.10	4.82	2.38	2.57	2.93	3.39	4.84	4.66
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	23.62	18.83	12.96	35.70	0.00	0.00
Price to Revenue (P/Rev)	2.96	3.50	3.51	4.62	3.36	3.42	4.26	4.18	4.00	4.24
Price to Earnings (P/E)	23.50	23.97	18.47	16.69	8.69	0.00	19.94	0.00	0.00	26.30
Dividend Yield	0.00%	0.98%	1.11%	1.05%	1.88%	1.84%	1.46%	1.45%	1.45%	1.43%
Earnings Yield	4.25%	4.17%	5.42%	5.99%	11.51%	0.00%	5.02%	0.00%	0.00%	3.80%
Enterprise Value to Invested Capital (EV/IC)	2.07	2.27	2.34	2.76	1.88	1.94	2.36	2.45	2.58	2.65
Enterprise Value to Revenue (EV/Rev)	4.05	4.63	4.63	5.74	4.16	4.33	4.87	4.98	5.18	5.35
Enterprise Value to EBITDA (EV/EBITDA)	15.76	16.72	13.83	17.21	12.80	15.68	14.60	17.48	16.07	15.87
Enterprise Value to EBIT (EV/EBIT)	18.01	18.93	15.60	20.95	15.33	18.29	16.32	20.34	18.53	18.08
Enterprise Value to NOPAT (EV/NOPAT)	25.41	26.80	23.82	21.15	18.36	26.13	20.42	6,314.94	0.00	22.76
Enterprise Value to Operating Cash Flow (EV/OCF)	25.00	23.64	21.98	24.72	16.46	15.45	16.23	17.53	19.11	20.62
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	120.58	52.55	0.00	49.18	13.83	0.00	0.00	44.23
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.24	1.21	1.34	1.27	1.06	0.98	0.75	0.86	1.43	1.18
Long-Term Debt to Equity	1.20	1.02	1.12	1.18	0.92	0.90	0.75	0.79	1.29	1.06
Financial Leverage	1.30	1.21	1.26	1.23	0.77	0.58	0.50	0.49	0.91	1.24
Leverage Ratio	2.71	2.55	2.62	2.63	2.39	2.23	2.06	2.04	2.43	2.68
Compound Leverage Factor	2.13	2.17	2.28	2.70	4.11	-0.98	1.88	0.27	0.33	1.88
Debt to Total Capital	55.37%	54.70%	57.30%	56.04%	51.47%	49.41%	42.85%	46.37%	58.79%	54.13%
Short-Term Debt to Total Capital	1.60%	8.56%	9.41%	4.23%	7.02%	3.95%	0.12%	4.13%	5.54%	5.46%
Long-Term Debt to Total Capital	53.77%	46.14%	47.89%	51.81%	44.45%	45.46%	42.73%	42.24%	53.25%	48.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.84%	0.89%	-0.04%	0.09%	1.08%	1.39%	1.35%	1.41%	1.51%	1.47%
Common Equity to Total Capital	43.79%	44.40%	42.74%	43.86%	47.45%	49.20%	55.80%	52.22%	39.70%	44.40%
Debt to EBITDA	4.26	4.04	3.43	3.67	4.71	4.85	3.35	3.84	3.80	3.29
Net Debt to EBITDA	4.19	4.00	3.36	3.35	2.36	3.14	1.72	2.70	3.56	3.20
Long-Term Debt to EBITDA	4.13	3.41	2.86	3.39	4.07	4.46	3.34	3.50	3.44	2.96
Debt to NOPAT	6.86	6.48	5.90	4.51	6.76	8.08	4.68	1,386.66	-43.67	4.72
Net Debt to NOPAT	6.76	6.41	5.79	4.12	3.39	5.23	2.41	976.71	-40.88	4.59
Long-Term Debt to NOPAT	6.66	5.47	4.93	4.17	5.84	7.43	4.67	1,263.09	-39.56	4.24
Altman Z-Score	2.69	2.80	2.89	3.32	2.37	2.61	3.36	3.21	3.05	3.33
Noncontrolling Interest Sharing Ratio	1.02%	1.93%	0.93%	0.09%	1.47%	2.48%	2.55%	2.49%	3.06%	3.41%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.57	1.31	1.20	1.70	1.16	1.51	2.40	1.23	1.18	1.19
Quick Ratio	0.63	0.36	0.34	0.42	0.30	0.41	0.98	0.41	0.35	0.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-66	-375	309	909	-352	801	3,292	-73	-1,299	1,296
Operating Cash Flow to CapEx	150.26%	158.61%	187.34%	183.65%	275.96%	355.21%	331.86%	264.54%	268.00%	222.90%
Free Cash Flow to Firm to Interest Expense	-15.08	-341.05	0.00	9.37	-207.27	333.94	257.21	-2.48	-53.67	1,851.14
Operating Cash Flow to Interest Expense	245.68	1,285.18	0.00	19.91	1,321.35	1,062.96	219.26	92.02	113.92	3,971.43
Operating Cash Flow Less CapEx to Interest Expense	82.18	474.91	0.00	9.07	842.53	763.71	153.19	57.23	71.41	2,189.71
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.45	0.45	0.43	0.36	0.32	0.34	0.36	0.40	0.43
Accounts Receivable Turnover	10.89	10.85	10.96	11.00	10.95	10.65	11.34	11.32	11.30	12.35
Inventory Turnover	2.29	2.33	2.38	2.23	2.28	2.83	3.67	3.37	3.12	2.86
Fixed Asset Turnover	2.84	2.40	2.22	1.91	1.77	1.72	0.00	0.00	0.00	0.00
Accounts Payable Turnover	14.09	11.97	9.16	7.83	7.95	8.45	9.61	7.10	5.88	5.56
Days Sales Outstanding (DSO)	33.51	33.64	33.31	33.18	33.34	34.28	32.19	32.26	32.29	29.55
Days Inventory Outstanding (DIO)	159.21	156.81	153.29	163.46	160.10	128.90	99.46	108.41	117.16	127.48
Days Payable Outstanding (DPO)	25.90	30.48	39.83	46.62	45.93	43.20	37.98	51.44	62.11	65.67
Cash Conversion Cycle (CCC)	166.81	159.96	146.77	150.02	147.52	119.98	93.66	89.22	87.33	91.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	13,068	14,690	15,946	17,294	19,660	20,367	19,304	19,385	20,398	21,621
Invested Capital Turnover	0.53	0.52	0.53	0.50	0.48	0.46	0.47	0.49	0.51	0.51
Increase / (Decrease) in Invested Capital	1,130	1,622	1,256	1,349	2,365	707	-1,062	81	1,014	1,223
Enterprise Value (EV)	27,024	33,417	37,280	47,753	36,968	39,414	45,546	47,437	52,671	57,312
Market Capitalization	19,727	25,287	28,226	38,434	29,859	31,180	39,841	39,784	40,686	45,434
Book Value per Share	$29.83	$32.92	$35.15	$40.94	$66.10	$63.30	$70.13	$61.82	$45.59	$53.29
Tangible Book Value per Share	($18.70)	($19.99)	($22.48)	($17.54)	$6.66	$8.64	$15.85	$5.87	($12.14)	($5.30)
Total Capital	13,178	14,773	16,123	18,178	26,454	24,659	24,371	22,464	21,195	21,944
Total Debt	7,297	8,081	9,238	10,187	13,617	12,185	10,442	10,417	12,461	11,879
Total Long-Term Debt	7,086	6,816	7,721	9,418	11,760	11,211	10,413	9,488	11,287	10,681
Net Debt	7,186	7,998	9,061	9,303	6,823	7,892	5,375	7,337	11,665	11,556
Capital Expenditures (CapEx)	719	891	905	1,052	814	718	846	1,023	1,029	1,247
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,881	1,887	1,872	2,113	2,283	2,065	1,344	1,360	1,569	1,634
Debt-free Net Working Capital (DFNWC)	1,991	1,970	2,050	2,204	2,377	2,146	1,805	1,559	1,703	1,786
Net Working Capital (NWC)	1,780	705	532	1,434	520	1,172	1,775	631	528	588
Net Nonoperating Expense (NNE)	227	186	32	-58	-1,446	1,487	198	6.51	-247	753
Net Nonoperating Obligations (NNO)	7,186	7,998	9,061	9,303	6,823	7,892	5,375	7,337	11,665	11,556
Total Depreciation and Amortization (D&A)	214	234	307	495	477	359	329	382	434	441
Debt-free, Cash-free Net Working Capital to Revenue	28.18%	26.12%	23.26%	25.39%	25.70%	22.66%	14.37%	14.27%	15.42%	15.25%
Debt-free Net Working Capital to Revenue	29.83%	27.28%	25.46%	26.48%	26.75%	23.55%	19.29%	16.36%	16.73%	16.67%
Net Working Capital to Revenue	26.68%	9.76%	6.61%	17.24%	5.86%	12.86%	18.98%	6.62%	5.19%	5.49%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$8.40	$10.34	$14.86	$22.97	$0.00	($0.07)	$19.92	($0.42)	($0.11)	$9.42
Adjusted Weighted Average Basic Shares Outstanding	192.72M	196.75M	199.29M	194.79M	191.35M	168.33M	193.52M	190.66M	169.34M	183.31M
Adjusted Diluted Earnings per Share	$8.00	$9.97	$14.45	$22.21	$0.00	($0.07)	$19.65	($0.42)	($0.11)	$9.39
Adjusted Weighted Average Diluted Shares Outstanding	224.62M	227.18M	227.45M	224.08M	191.35M	168.33M	218.59M	190.66M	169.34M	183.96M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	194.74M	199.77M	194.80M	191.39M	191.35M	192.84M	194.03M	188.22M	183.25M	182.98M
Normalized Net Operating Profit after Tax (NOPAT)	1,063	1,247	1,565	2,258	2,013	1,823	2,230	2,098	1,990	2,518
Normalized NOPAT Margin	15.94%	17.26%	19.44%	27.13%	22.66%	20.00%	23.84%	22.02%	19.55%	23.51%
Pre Tax Income Margin	17.68%	20.78%	25.87%	28.09%	46.66%	-10.37%	27.18%	3.26%	3.77%	20.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	340.95	1,604.64	0.00	23.50	1,418.94	897.71	218.05	79.31	117.48	4,528.14
NOPAT to Interest Expense	241.70	1,133.68	0.00	23.27	1,184.14	628.40	174.23	0.26	-11.79	3,597.57
EBIT Less CapEx to Interest Expense	177.45	794.36	0.00	12.66	940.12	598.46	151.98	44.52	74.97	2,746.43
NOPAT Less CapEx to Interest Expense	78.20	323.41	0.00	12.43	705.32	329.15	108.16	-34.53	-54.30	1,815.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	22.78%	20.56%	17.28%	16.12%	2,659.81%	30.02%	62,550.00%	-1,670.13%	40.02%
Augmented Payout Ratio	0.00%	25.97%	93.81%	62.13%	30.70%	2,893.46%	30.02%	201,600.00%	-6,086.23%	54.16%

This table displays calculated financial ratios and metrics derived from Constellation Brands' official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.10%	11.67%	4.69%	-5.34%	6.25%	6.59%	1.28%	7.11%	5.97%	2.82%	-0.52%
EBITDA Growth	502.60%	6.59%	-9.06%	-23.59%	-6.13%	18.89%	7.16%	25.10%	21.06%	-203.04%	0.77%
EBIT Growth	987.08%	10.00%	-11.10%	-31.11%	-6.33%	20.37%	6.72%	34.86%	23.13%	-225.62%	-0.49%
NOPAT Growth	1,081.83%	826.57%	-15.76%	-26.39%	-25.64%	42.10%	8.75%	27.18%	97.61%	-206.40%	16.13%
Net Income Growth	144.50%	-9,685.71%	-0.23%	-44.97%	-65.14%	161.43%	8.59%	81.18%	541.38%	-268.75%	20.77%
EPS Growth	143.65%	0.00%	-9.85%	-205.70%	-81.27%	159.37%	-35.81%	152.70%	545.95%	-276.20%	22.83%
Operating Cash Flow Growth	5.89%	10.64%	-31.79%	82.28%	-12.24%	6.75%	15.73%	-9.05%	3.77%	23.54%	-5.46%
Free Cash Flow Firm Growth	-137.58%	-129.17%	-135.33%	-228.83%	-96.70%	-119.54%	9.36%	-16.21%	-15.94%	175.57%	430.97%
Invested Capital Growth	4.90%	4.73%	7.41%	5.23%	5.34%	7.66%	6.79%	5.99%	7.69%	-6.56%	-7.59%
Revenue Q/Q Growth	11.98%	12.74%	-8.37%	-18.17%	25.70%	13.10%	-12.93%	-13.46%	24.36%	9.73%	-15.76%
EBITDA Q/Q Growth	19.79%	-1.34%	-7.64%	-29.99%	47.16%	24.95%	-16.75%	-18.53%	42.40%	-206.36%	181.41%
EBIT Q/Q Growth	20.50%	-0.40%	-8.17%	-37.50%	63.85%	27.98%	-18.58%	-21.02%	49.60%	-230.57%	164.50%
NOPAT Q/Q Growth	12.57%	-8.39%	3.03%	-30.72%	13.72%	75.06%	-21.15%	-18.98%	76.69%	-194.26%	186.06%
Net Income Q/Q Growth	-1.55%	-385.67%	142.05%	-53.47%	-37.63%	403.38%	-25.66%	-22.37%	120.77%	-232.44%	153.21%
EPS Q/Q Growth	-2.71%	-259.49%	168.25%	-194.88%	118.14%	405.41%	-26.20%	-22.10%	122.33%	-237.87%	151.44%
Operating Cash Flow Q/Q Growth	190.16%	18.19%	-30.11%	-23.95%	39.70%	43.76%	-24.23%	-40.23%	59.40%	71.15%	-42.02%
Free Cash Flow Firm Q/Q Growth	-163.81%	-4.56%	-148.90%	22.42%	2.57%	-16.70%	-2.76%	0.53%	2.80%	176.06%	350.04%
Invested Capital Q/Q Growth	1.77%	-0.80%	1.36%	2.83%	1.88%	1.39%	0.54%	2.06%	3.51%	-12.03%	-0.56%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	49.40%	46.29%	46.75%	44.76%	46.59%	47.49%	47.80%	45.18%	49.07%	48.16%	48.57%
EBITDA Margin	36.48%	31.92%	32.18%	27.53%	32.23%	35.61%	34.05%	32.15%	36.82%	-35.69%	34.49%
Operating Margin	32.13%	28.39%	28.45%	21.73%	28.33%	32.06%	29.98%	27.36%	32.92%	-39.16%	29.99%
EBIT Margin	32.13%	28.39%	28.45%	21.73%	28.33%	32.06%	29.98%	27.36%	32.92%	-39.16%	29.99%
Profit (Net Income) Margin	15.72%	-39.82%	18.28%	10.39%	5.16%	22.95%	19.60%	17.58%	31.21%	-37.67%	23.79%
Tax Burden Percent	76.10%	113.13%	78.54%	87.05%	60.42%	82.64%	80.03%	82.10%	96.96%	88.60%	93.39%
Interest Burden Percent	64.27%	-124.01%	81.80%	54.94%	30.13%	86.64%	81.68%	78.27%	97.79%	108.56%	84.94%
Effective Tax Rate	23.90%	0.00%	21.46%	12.95%	39.58%	17.36%	19.97%	17.91%	3.04%	0.00%	6.61%
Return on Invested Capital (ROIC)	12.54%	10.58%	12.01%	9.68%	8.73%	13.72%	12.35%	11.45%	16.08%	-14.74%	15.04%
ROIC Less NNEP Spread (ROIC-NNEP)	9.45%	-9.51%	10.83%	7.75%	5.51%	12.70%	11.31%	10.48%	15.91%	-17.56%	14.07%
Return on Net Nonoperating Assets (RNNOA)	5.63%	-7.63%	9.64%	7.09%	5.40%	13.86%	13.75%	12.95%	19.34%	-22.46%	18.02%
Return on Equity (ROE)	18.17%	2.95%	21.66%	16.77%	14.13%	27.58%	26.10%	24.40%	35.42%	-37.20%	33.06%
Cash Return on Invested Capital (CROIC)	7.07%	-0.61%	-3.48%	-6.53%	-51.28%	4.16%	5.13%	6.17%	6.00%	11.65%	13.39%
Operating Return on Assets (OROA)	12.20%	11.65%	11.72%	8.76%	11.57%	13.71%	12.78%	11.64%	14.08%	-17.88%	13.71%
Return on Assets (ROA)	5.97%	-16.34%	7.53%	4.19%	2.11%	9.82%	8.36%	7.48%	13.35%	-17.20%	10.88%
Return on Common Equity (ROCE)	17.67%	2.86%	20.98%	16.25%	13.68%	26.65%	25.18%	23.57%	34.25%	-35.92%	31.98%
Return on Equity Simple (ROE_SIMPLE)	11.55%	1.54%	1.72%	0.00%	-3.48%	16.43%	16.72%	0.00%	24.57%	8.08%	9.52%
Net Operating Profit after Tax (NOPAT)	621	569	586	406	462	809	638	517	913	-861	741
NOPAT Margin	24.45%	19.87%	22.34%	18.92%	17.11%	26.49%	23.99%	22.46%	31.91%	-27.41%	28.01%
Net Nonoperating Expense Percent (NNEP)	3.09%	20.09%	1.18%	1.93%	3.22%	1.02%	1.04%	0.97%	0.17%	2.81%	0.97%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	2.97%	-	-	-	3.77%
Cost of Revenue to Revenue	50.60%	53.71%	53.25%	55.24%	53.41%	52.51%	52.20%	54.82%	50.93%	51.84%	51.43%
SG&A Expenses to Revenue	17.26%	17.90%	18.30%	23.03%	18.27%	15.43%	17.82%	17.82%	16.16%	15.65%	18.58%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.26%	17.90%	18.30%	23.03%	18.27%	15.43%	17.82%	17.82%	16.16%	87.32%	18.58%
Earnings before Interest and Taxes (EBIT)	816	813	747	467	765	979	797	629	942	-1,229	793
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	927	914	845	591	870	1,087	905	740	1,053	-1,120	912
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.01	4.74	5.56	4.84	5.11	5.01	4.59	4.66	4.47	5.57	5.60
Price to Tangible Book Value (P/TBV)	81.86	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.56	4.37	4.53	4.00	4.25	4.47	4.12	4.24	4.21	4.00	4.00
Price to Earnings (P/E)	35.85	425.88	459.71	0.00	0.00	31.01	27.90	26.30	18.55	75.69	63.74
Dividend Yield	1.29%	1.30%	1.25%	1.45%	1.37%	1.32%	1.47%	1.43%	1.47%	1.58%	1.63%
Earnings Yield	2.79%	0.23%	0.22%	0.00%	0.00%	3.22%	3.58%	3.80%	5.39%	1.32%	1.57%
Enterprise Value to Invested Capital (EV/IC)	2.72	2.79	2.93	2.58	2.70	2.79	2.61	2.65	2.59	2.83	2.84
Enterprise Value to Revenue (EV/Rev)	5.42	5.37	5.64	5.18	5.43	5.58	5.23	5.35	5.33	5.08	5.07
Enterprise Value to EBITDA (EV/EBITDA)	15.36	15.43	16.78	16.07	17.59	17.42	16.07	15.87	15.32	35.39	35.12
Enterprise Value to EBIT (EV/EBIT)	17.43	17.38	19.01	18.53	20.09	19.86	18.35	18.08	17.31	48.91	48.92
Enterprise Value to NOPAT (EV/NOPAT)	23.45	71.24	82.60	0.00	0.00	25.04	23.01	22.76	20.01	56.14	49.48
Enterprise Value to Operating Cash Flow (EV/OCF)	19.50	19.30	22.84	19.11	21.05	21.55	19.55	20.62	20.65	18.37	18.56
Enterprise Value to Free Cash Flow (EV/FCFF)	39.33	0.00	0.00	0.00	0.00	69.44	52.48	44.23	44.70	23.45	20.34
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.95	1.13	1.40	1.43	1.39	1.20	1.19	1.18	1.12	1.42	1.43
Long-Term Debt to Equity	0.89	1.06	1.29	1.29	1.23	1.10	1.05	1.06	1.01	1.31	1.26
Financial Leverage	0.60	0.80	0.89	0.91	0.98	1.09	1.22	1.24	1.22	1.28	1.28
Leverage Ratio	2.15	2.34	2.47	2.43	2.47	2.53	2.67	2.68	2.61	2.69	2.68
Compound Leverage Factor	1.38	-2.90	2.02	1.34	0.74	2.19	2.18	2.10	2.55	2.91	2.28
Debt to Total Capital	48.71%	53.00%	58.27%	58.79%	58.11%	54.63%	54.42%	54.13%	52.92%	58.71%	58.92%
Short-Term Debt to Total Capital	3.10%	3.25%	4.24%	5.54%	6.48%	4.79%	6.59%	5.46%	5.34%	4.62%	7.09%
Long-Term Debt to Total Capital	45.61%	49.75%	54.03%	53.25%	51.63%	49.84%	47.83%	48.67%	47.58%	54.09%	51.83%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.45%	1.56%	1.57%	1.51%	1.52%	1.55%	1.52%	1.47%	1.43%	1.44%	1.29%
Common Equity to Total Capital	49.84%	45.43%	40.16%	39.70%	40.37%	43.82%	44.06%	44.40%	45.66%	39.85%	39.78%
Debt to EBITDA	3.15	3.09	3.52	3.80	3.88	3.47	3.41	3.29	3.14	7.37	7.33
Net Debt to EBITDA	2.34	2.78	3.21	3.56	3.72	3.37	3.32	3.20	3.12	7.33	7.28
Long-Term Debt to EBITDA	2.95	2.90	3.26	3.44	3.44	3.17	2.99	2.96	2.83	6.79	6.44
Debt to NOPAT	4.81	14.26	17.32	-43.67	-1.32	4.99	4.88	4.72	4.11	11.69	10.32
Net Debt to NOPAT	3.58	12.84	15.82	-40.88	-1.27	4.84	4.75	4.59	4.08	11.63	10.26
Long-Term Debt to NOPAT	4.50	13.39	16.06	-39.56	-1.18	4.56	4.29	4.24	3.69	10.77	9.08
Altman Z-Score	3.22	3.19	3.04	2.73	2.90	3.16	2.98	3.00	3.10	2.87	3.20
Noncontrolling Interest Sharing Ratio	2.75%	3.09%	3.14%	3.06%	3.18%	3.38%	3.54%	3.41%	3.30%	3.46%	3.25%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.40	1.41	1.29	1.18	1.14	1.20	1.05	1.19	1.23	1.25	1.10
Quick Ratio	0.42	0.46	0.41	0.35	0.35	0.36	0.29	0.31	0.31	0.32	0.28
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-301	-315	-783	-607	-592	-691	-710	-706	-686	522	2,348
Operating Cash Flow to CapEx	398.84%	376.04%	251.73%	135.51%	240.22%	329.63%	224.47%	121.31%	190.54%	383.83%	302.65%
Free Cash Flow to Firm to Interest Expense	-2.90	-39.32	-7.93	0.00	-4.98	-6.24	-6.81	0.00	-6.67	5.02	22.49
Operating Cash Flow to Interest Expense	7.30	112.01	6.35	0.00	5.60	8.65	6.96	0.00	6.72	11.36	6.56
Operating Cash Flow Less CapEx to Interest Expense	5.47	82.23	3.82	0.00	3.27	6.03	3.86	0.00	3.19	8.40	4.39
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.38	0.41	0.41	0.40	0.41	0.43	0.43	0.43	0.43	0.46	0.46
Accounts Receivable Turnover	10.96	10.43	11.20	11.30	11.40	11.01	11.61	12.35	11.90	12.15	12.63
Inventory Turnover	3.32	3.51	3.23	3.12	3.08	3.25	2.97	2.86	2.80	2.93	2.77
Fixed Asset Turnover	1.71	1.73	1.71	0.00	1.55	1.52	1.48	0.00	1.40	1.42	1.41
Accounts Payable Turnover	5.94	5.83	5.49	5.88	5.93	5.81	5.52	5.56	5.33	5.52	5.47
Days Sales Outstanding (DSO)	33.29	34.99	32.59	32.29	32.01	33.16	31.43	29.55	30.67	30.05	28.91
Days Inventory Outstanding (DIO)	109.89	104.10	113.11	117.16	118.33	112.34	123.10	127.48	130.38	124.55	131.71
Days Payable Outstanding (DPO)	61.42	62.65	66.54	62.11	61.59	62.83	66.16	65.67	68.50	66.16	66.68
Cash Conversion Cycle (CCC)	81.77	76.44	79.16	87.33	88.75	82.67	88.37	91.36	92.55	88.45	93.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	19,728	19,571	19,838	20,398	20,781	21,070	21,185	21,621	22,380	19,688	19,577
Invested Capital Turnover	0.51	0.53	0.54	0.51	0.51	0.52	0.51	0.51	0.50	0.54	0.54
Increase / (Decrease) in Invested Capital	922	884	1,369	1,014	1,054	1,499	1,347	1,223	1,599	-1,382	-1,608
Enterprise Value (EV)	53,566	54,686	58,063	52,671	56,073	58,707	55,187	57,312	57,915	55,679	55,507
Market Capitalization	45,070	44,504	46,615	40,686	43,877	47,028	43,473	45,434	45,786	43,862	43,747
Book Value per Share	$59.67	$50.80	$45.48	$45.59	$46.85	$51.23	$51.56	$53.29	$56.03	$43.19	$43.06
Tangible Book Value per Share	$2.93	($6.90)	($12.19)	($12.14)	($11.44)	($7.25)	($6.75)	($5.30)	($2.54)	($3.33)	($2.82)
Total Capital	22,536	20,661	20,889	21,195	21,265	21,431	21,497	21,944	22,454	19,752	19,651
Total Debt	10,977	10,950	12,172	12,461	12,357	11,707	11,699	11,879	11,882	11,596	11,579
Total Long-Term Debt	10,278	10,279	11,287	11,287	10,980	10,681	10,282	10,681	10,683	10,684	10,186
Net Debt	8,169	9,860	11,121	11,665	11,873	11,346	11,387	11,556	11,809	11,532	11,505
Capital Expenditures (CapEx)	190	238	249	352	277	290	323	357	362	308	226
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,534	1,525	1,501	1,569	1,647	1,519	1,509	1,634	1,832	1,581	1,660
Debt-free Net Working Capital (DFNWC)	1,636	1,690	1,686	1,703	1,839	1,603	1,588	1,786	1,906	1,646	1,734
Net Working Capital (NWC)	936	1,018	801	528	462	577	172	588	706	733	341
Net Nonoperating Expense (NNE)	222	1,710	107	183	323	108	117	112	20	322	112
Net Nonoperating Obligations (NNO)	8,169	9,860	11,121	11,665	11,873	11,346	11,387	11,556	11,809	11,532	11,505
Total Depreciation and Amortization (D&A)	110	101	98	125	105	108	108	110	112	109	119
Debt-free, Cash-free Net Working Capital to Revenue	15.52%	14.98%	14.58%	15.42%	15.93%	14.43%	14.29%	15.25%	16.85%	14.43%	15.17%
Debt-free Net Working Capital to Revenue	16.55%	16.60%	16.37%	16.73%	17.80%	15.23%	15.04%	16.67%	17.53%	15.02%	15.84%
Net Working Capital to Revenue	9.48%	10.00%	7.78%	5.19%	4.47%	5.48%	1.62%	5.49%	6.50%	6.69%	3.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.98	$0.00	$4.36	($4.17)	$0.74	$3.76	$2.77	$2.15	$4.80	($6.59)	$3.40
Adjusted Weighted Average Basic Shares Outstanding	188.54M	0.00	189.88M	192.54M	183.27M	183.50M	183.53M	183.31M	182.77M	181.95M	181.24M
Adjusted Diluted Earnings per Share	$3.95	$0.00	$4.30	($4.08)	$0.74	$3.74	$2.76	$2.15	$4.78	($6.59)	$3.39
Adjusted Weighted Average Diluted Shares Outstanding	212.54M	0.00	208.50M	192.54M	183.86M	184.28M	184.17M	183.96M	183.46M	181.95M	181.75M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	184.78M	184.48M	184.55M	183.25M	183.32M	183.69M	182.82M	182.98M	182.22M	181.56M	180.73M
Normalized Net Operating Profit after Tax (NOPAT)	621	569	586	406	462	809	638	517	913	714	741
Normalized NOPAT Margin	24.45%	19.87%	22.34%	18.92%	17.11%	26.49%	23.99%	22.46%	31.91%	22.76%	28.01%
Pre Tax Income Margin	20.65%	-35.20%	23.27%	11.94%	8.53%	27.77%	24.49%	21.41%	32.19%	-42.52%	25.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.87	101.64	7.57	0.00	6.43	8.85	7.65	0.00	9.16	-11.82	7.60
NOPAT to Interest Expense	5.99	71.15	5.94	0.00	3.89	7.31	6.12	0.00	8.88	-8.27	7.09
EBIT Less CapEx to Interest Expense	6.03	71.85	5.04	0.00	4.10	6.23	4.55	0.00	5.63	-14.78	5.43
NOPAT Less CapEx to Interest Expense	4.15	41.36	3.42	0.00	1.56	4.69	3.02	0.00	5.36	-11.24	4.93
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	48.45%	436.41%	442.46%	-1,670.13%	-220.33%	43.69%	43.59%	40.02%	29.13%	119.33%	106.91%
Augmented Payout Ratio	202.37%	1,461.24%	1,415.71%	-6,086.23%	-464.00%	65.39%	78.28%	54.16%	45.60%	223.77%	196.72%

Frequently Asked Questions About Constellation Brands' Financials

When does Constellation Brands's financial year end?

According to the most recent income statement we have on file, Constellation Brands' fiscal year ends in February. Their fiscal year 2024 ended on February 29, 2024.

How has Constellation Brands' net income changed over the last 9 years?

Constellation Brands' net income appears to be on a downward trend, with a most recent value of $1.77 billion in 2024, rising from $836.20 million in 2015. The previous period was -$38.50 million in 2023.

What is Constellation Brands's operating income?

Constellation Brands's total operating income in 2024 was $3.17 billion, based on the following breakdown:

Total Gross Profit: $5.02 billion
Total Operating Expenses: $1.85 billion

How has Constellation Brands revenue changed over the last 9 years?

Over the last 9 years, Constellation Brands' total revenue changed from $6.67 billion in 2015 to $10.71 billion in 2024, a change of 60.5%.

How much debt does Constellation Brands have?

Constellation Brands' total liabilities were at $15.63 billion at the end of 2024, a 1.9% decrease from 2023, and a 69.6% increase since 2015.

How much cash does Constellation Brands have?

In the past 9 years, Constellation Brands' cash and equivalents has ranged from $81.40 million in 2020 to $460.60 million in 2021, and is currently $152.40 million as of their latest financial filing in 2024.

How has Constellation Brands' book value per share changed over the last 9 years?

Over the last 9 years, Constellation Brands' book value per share changed from 29.83 in 2015 to 53.29 in 2024, a change of 78.7%.

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This page (NYSE:STZ) was last updated on 4/14/2025 by MarketBeat.com Staff

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Constellation Brands (STZ) Financials

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Constellation Brands (STZ) Financials

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