# Constellation Brands, Inc. (STZ) — Stock CV

Constellation Brands, Inc. is a $20.8B consumer staples company. Revenue shrank 4.3% over the last year, and it keeps 21¢ of every dollar of sales as profit. It trades at 10.8× earnings — near the lowest of its own history.

> Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the US, generating more than 90% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona.

## Identity

- **Ticker**: STZ
- **Sector**: Consumer Defensive
- **Industry**: Beverages
- **Headquarters**: ROCHESTER, NY
- **Employees**: 9 400
- **Website**: https://www.cbrands.com
- **Market cap**: $20.8B
- **Last price**: $122.64
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $9.21B
- **Net income**: $1.92B
- **Free cash flow**: $1.84B
- **P/E**: 10.8
- **Revenue growth (YoY)**: -4.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 95 |
| Growth | 18 |
| Profitability | 70 |
| Health | 24 |
| Quality | 81 |
| Moat | 50 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [ ] Revenue growing — -4.3% YoY
- [x] Profitable — $1.92B TTM
- [x] Profit growing — +1.0% YoY
- [x] Generates cash — $1.84B TTM
- [ ] Debt under control — current ratio 1.00
- [x] Established company — $20.8B market cap
- [x] Not printing shares — -8.4% shares over ~5y
- [x] Proven track record — 7/11 profitable years
- [ ] Financially stable — health score 24/100
- [x] Pays a dividend — yield 3.41%
- [x] Valuation not extreme — P/E 10.8

## Experience (career milestones)

- **FY2025** — Revenue crossed $10B: $10.2B for the year
- **Jun 24, 2024** — Constellation Brands re-located its headquarters to a 170,000 square foot campus on the site of…
- **2020** — Constellation Brands acquired Empathy Wines, co-founded by entrepreneur Gary Vaynerchuk
- **2019** — Constellation announced it had acquired a minority stake in Black Button Distilling, a craft…
- **FY2019** — Best year on record: $3.44B net income
- **2017** — Constellation announced the acquisition of Funky Buddha Brewery of Oakland Park, Florida
- **2016** — Constellation announced the $160 million acquisition of High West Distillery of Park City, Utah
- **FY2016** — First recorded profitable year: $1.05B net income
- **FY2016** — Revenue already above $1B: $7.22B in first reported year
- **FY2016** — Positive free cash flow every year since: 11-year streak
- **2015** — Constellation announced the $1 billion acquisition of Ballast Point Brewing of San Diego
- **2014** — Constellation finalized a joint venture with Owens-Illinois and completed the acquisition of Anheuser-Busch…
- **2000** — The company changed its name to Constellation Brands, Inc
- **1987** — The company purchased the Manischewitz winery in Canandaigua, New York
- **1945** — The company was established in 1945 by Marvin Sands in the Finger Lakes region of New York as Canandaigua…

## Strengths

- High gross margin (52.6%)
- Strongly profitable — 20.9% net margin
- Strong cash conversion — FCF is 20.0% of revenue
- Interest covered 7.9× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- Revenue shrinking 4.3% year over year
- Loss-making in 4 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $8.82B | -$40.4M | $1.68B |
| FY2023 | $9.45B | -$71.0M | $1.72B |
| FY2024 | $9.96B | $1.73B | $1.51B |
| FY2025 | $10.2B | -$81.4M | $1.94B |
| FY2026 | $9.14B | $1.69B | $1.79B |

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Source: https://stockcv.com/STZ — derived from company filings; may be delayed or incomplete. Information, not investment advice.