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Beer, wine and spirits company that is the top US importer of Mexican beer brands Modelo and Corona.
Beer, wine and spirits company that is the top US importer of Mexican beer brands Modelo and Corona.
Brews Modelo, Corona and Pacifico in its own Mexican breweries and sells them in the US, so Mexican brewing capacity and US beer demand carry the company, while wine and spirits are a smaller part. It holds the US rights through a 2013 deal, and in 2025 it sold off its mainstream wine labels.
Moat: narrow (brand, distribution). Exclusive US brewing/marketing rights to Modelo and Corona drive category-leading beer growth.
Headquarters: Victor, New York, US · Founded: 1945 · Employees: 9,400
Size Constellation Brands (STZ) is a United States Consumer Staples company (Beverages: Alcoholic) with a market value of $24.0B, the 437th largest of 3,117 United States companies the cockpit tracks. Shares closed at $141.97 on 6 Nov 2026.
Performance Over six months the shares fell 4.2%, against +6.0% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 4.3% over the last twelve months (peer median -0.7%); the operating margin is 29.8% (peer median 15.2%).
Valuation It trades at 11.9× forward earnings against a peer median of 15.5× (5th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.9 points above its cost of capital (6.4% WACC).
Credit Constellation Brands has 16 bonds outstanding ($9.65B), rated BBB by the agencies and trading like A- at a weighted spread of 76 bp.
Short interest Short interest is 5.0% of the free float (15 Oct 2026).
Next results Next results expected around 7 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $9.21B | $9.14B | $10.2B | $9.96B | $9.45B |
| Revenue growth | — | -10% | +2% | +5% | — |
| Gross profit | $4.68B | $4.61B | $5.20B | $4.91B | $4.81B |
| EBITDA | $3.15B | $3.20B | $4.07B | $3.56B | $3.38B |
| Net income | $1.92B | $1.69B | -$81.4M | $1.73B | -$71.0M |
| Free cash flow | $1.84B | $1.79B | $1.94B | $1.51B | $1.72B |
| Capital expenditure | $819M | $875M | $1.21B | $1.27B | $1.04B |
| Total debt | $10.3B | $11.2B | $12.1B | $12.6B | $13.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Constellation Brands STZ | $24.0B | -4% | -4% | 30% | 11.9× | -4.5% |
| Anheuser-Busch InBev SA/NV Sponsored ADR BUD | $168B | +5% | +7% | 26% | 18.9× | 2.7% |
| Molson Coors Beverage TAP | $7.54B | -4% | -2% | 12% | 9.2× | -4.7% |
| Diageo DGE.L | $56.3B | +25% | -6% | 29% | 15.2× | -0.9% |
| Heineken HEIA.AS | $51.8B | +29% | +1% | 12% | 15.9× | 4.2% |
| Brown–Forman BF-B | $14.2B | +11% | 0% | 29% | 17.9× | -5.1% |
| Boston Beer SAM | $2.24B | +12% | -4% | 5% | 21.0× | 6.5% |
| Treasury Wine Estates TWE.AX | $3.56B | +52% | -12% | 17% | 18.4× | 9.3% |
| Pernod Ricard RI.PA | $20.0B | +16% | -14% | 26% | 12.5× | 2.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | STZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.8% | +8.8% | 6th highest of 21 |
| 6-month return | -4.2% | +6.0% | 9th lowest of 21 |
| Distance from 52-week high | -15.2% | -14.6% | 11th highest of 21 |
| Revenue growth (TTM) | -4.3% | -0.7% | 8th lowest of 21 |
| Operating margin | 29.8% | 15.2% | 4th highest of 21 |
| Forward P/E | 11.9× | 15.5× | 5th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -4.5% | -0.9% | 6th least demanding of 20 |
| Growth delivered (Del g) | +1.2% | +5.6% | 3rd lowest of 20 |
| Hurdle (Req g minus delivered) | -5.7 pp | -7.6 pp | 10th most demanding of 20 |
| ROIC minus cost of capital | +4.9 pp | +3.8 pp | 10th highest of 21 |
| EV / EBITDA | 11.0× | 10.2× | 8th most expensive of 17 |
| Net debt / EBITDA | 3.2× | 2.7× | 5th most indebted of 17 |
| Bond spread | 76 bp | 87 bp | 2nd tightest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Constellation Brands STZ | United States | $24.0B | -4% | -4% | 30% | 11.9× | -4.5% | +1.2% |
| Shanxi Xinghuacun Fen Wine Factory 600809.SS | China | $24.1B | -8% | -9% | 36% | 17.1× | 3.0% | +22.7% |
| Heineken HEIO.AS | Netherlands | $24.7B | +32% | +1% | 12% | 14.5× | -1.1% | +7.8% |
| Carlsberg AS CARL-A.CO | Denmark | $20.9B | +12% | +10% | 14% | 17.2× | -2.2% | +8.8% |
| Pernod Ricard RI.PA | France | $20.0B | +16% | -14% | 26% | 12.5× | 2.1% | +1.3% |
| Luzhou Laojiao 000568.SZ | China | $17.9B | -19% | -38% | 40% | 17.5× | 9.9% | +8.7% |
| Asahi Group Hldgs 2502.T | Japan | $16.4B | +10% | +3% | 9% | 13.1× | 1.8% | +7.4% |
| Kirin 2503.T | Japan | $15.2B | +21% | +6% | 11% | 13.7× | -4.2% | +5.6% |
| Brown–Forman BF-B | United States | $14.2B | +11% | 0% | 29% | 17.9× | -5.1% | +2.7% |
| Ambev SA Sponsored ADR ABEV | United States | $43.2B | -15% | +4% | 23% | 14.5× | -5.5% | +6.9% |
| Wuliangye Yibin 000858.SZ | China | $43.9B | -22% | -6% | 32% | 22.1× | 7.1% | -9.6% |
| Heineken HEIA.AS | Netherlands | $51.8B | +29% | +1% | 12% | 15.9× | 4.2% | +7.8% |
| United Spirits UNITDSPR.NS | India | $10.9B | +11% | 0% | 15% | 53.0× | 44.2% | +8.9% |
| Bud Apac 1876.HK | Hong Kong | $10.7B | -16% | -3% | 15% | 20.1× | -0.9% | +0.7% |
| Diageo DGE.L | United Kingdom | $56.3B | +25% | -6% | 29% | 15.2× | -0.9% | +2.8% |
| Tsingtao Brewery 0168.HK | Hong Kong | $9.12B | -21% | +1% | 16% | 10.8× | -5.0% | +2.6% |
| Davide Campari-Milano CPR.MI | Italy | $8.93B | +22% | -1% | 20% | 21.0× | 3.6% | +11.5% |
| China Res Beer 0291.HK | Hong Kong | $8.66B | -18% | +3% | 15% | 10.7× | -1.5% | +3.1% |
| Thai Beverage Public Y92.SI | Singapore | $8.56B | +2% | -8% | 13% | 10.6× | -4.7% | +3.2% |
| Jiangsu Yanghe Distillery 002304.SZ | China | $8.50B | -23% | -31% | 4% | 32.6× | n/a | n/a |
| Molson Coors Beverage TAP | United States | $7.54B | -4% | -2% | 12% | 9.2× | -4.7% | +2.9% |
Constellation Brands has 16 bonds outstanding with $9.65B face value. The agencies rate it BBB; its bonds trade like A-. Weighted yield 5.50%, a spread of 76 bp over government bonds.