CONSTELLATION BRANDS, INC.

Listed Company

STZCIK 0000016918NYSELarge AcceleratedBeveragesDelawareFY ends Feb 28

Period

FY 2026

Revenue

$9.14B

Net Income

$1.69B

Total Assets

$21.90B

Equity

$8.08B

Shares Out

—

Op. Cash Flow

$2.67B

Business

CONSTELLATION BRANDS, INC. is an international producer and marketer of beer, wine, and spirits. It offers a portfolio of premium alcoholic beverage brands — including Modelo, Corona, Pacifico, Robert Mondavi, Kim Crawford, The Prisoner, High West, Casa Noble, and Mi CAMPO — and provides production, marketing, distribution, and related services. The company operates through three reporting segments: Beer; Wine and Spirits; and Corporate Operations and Other. Its operations and sales span the U.S., Mexico, New Zealand, and Italy and use wholesale distributors, retailers, on‑premise accounts, state agencies, DTC channels, 3‑tier eCommerce, and international distribution.

Summary from filing dated 2025-04-23

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-02-28	FY 2025 2025-02-28	FY 2024 2024-02-29	FY 2023 2023-02-28	FY 2022 2022-02-28
Sales	9,756	10,957	10,711	10,177	9,529
Excise taxes	−617	−748	−749	−725	−708
Net sales	9,139	10,209	9,962	9,453	8,821
Cost of product sold	−4,428	−4,894	−4,944	−4,684	−4,113
Gross profit	4,712	5,315	5,018	4,769	4,707
Selling, general, and administrative expenses	−1,848	−1,950	−1,833	−1,928	−1,710
Goodwill and intangible assets impairment	0	−2,798	0	−13	—
Asset impairment and related expenses	−110	−478	0	—	—
Gain (loss) on sale of business	−32	266	−15	15	2
Operating income (loss)	2,721	355	3,170	2,843	2,332
Income (loss) from unconsolidated investments	9	−26	−512	−2,036	−1,636
Interest expense, net	−353	−411	−436	−423	−356
Income (loss) before income taxes	2,378	−83	2,222	384	310
(Provision for) benefit from income taxes	−621	52	−457	−422	−309
Net income (loss)	1,757	−31	1,765	−39	1
Net (income) loss attributable to noncontrolling interests	−70	−50	−38	−33	−41
Net income (loss) attributable to CBI	1,687	−81	1,727	−71	−40

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-02-28	FY 2025 2025-02-28	FY 2024 2024-02-29	FY 2023 2023-02-28	FY 2022 2022-02-28
Cash and cash equivalents	102	68	152	134	199
Accounts receivable	658	737	833	902	899
Inventories	1,434	1,437	2,078	1,899	1,573
Prepaid expenses and other	712	561	666	562	658
Assets held for sale	0	914	0	—	—
Total current assets	2,906	3,716	3,730	3,496	3,330
Property, plant, and equipment, net	8,521	7,410	8,055	6,865	6,060
Goodwill	5,234	5,127	7,980	7,925	7,862
Intangible assets	2,533	2,532	2,732	2,728	2,755
Deferred income taxes	1,370	1,805	2,055	2,193	2,352
Other assets	1,336	1,062	1,140	791	617
Total assets	21,901	21,652	25,692	24,662	25,856
Short-term borrowings	272	807	241	1,165	323
Current maturities of long-term debt	604	1,402	957	10	605
Accounts payable	960	940	1,107	942	899
Other accrued expenses and liabilities	854	887	836	852	871
Total current liabilities	2,690	4,035	3,142	2,968	2,699
Long-term debt, less current maturities	9,693	9,289	10,681	11,287	9,488
Deferred income taxes and other liabilities	1,131	1,193	1,804	1,674	1,621
Total liabilities	13,514	14,518	15,627	15,928	13,808
Commitments and contingencies	—	—	—	—	—
Preferred Stock, $0.01 par value Authorized, 1,000,000 shares; Issued, none	0	0	0	0	0
Additional paid-in capital	2,186	2,145	2,047	1,903	1,809
Retained earnings	13,574	12,603	13,417	12,344	14,505
Accumulated other comprehensive income (loss)	423	−663	377	29	−413
Total CBI stockholders equity	8,082	6,882	9,743	8,414	11,732
Noncontrolling interests	305	253	322	320	316
Total stockholders equity	8,387	7,135	10,065	8,734	12,048
Total liabilities and stockholders equity	21,901	21,652	25,692	24,662	25,856

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-02-28	FY 2025 2025-02-28	FY 2024 2024-02-29	FY 2023 2023-02-28	FY 2022 2022-02-28
Unrealized net (gain) loss on securities measured at fair value	5	48	85	46	—
Deferred tax provision (benefit)	511	−210	148	208	85
Depreciation	419	446	428	384	337
Stock-based compensation	68	72	64	69	45
Equity in (earnings) losses of equity method investees and related activities, net of distributed earnings	−3	−5	321	972	62
Noncash lease expense	127	112	91	89	82
Equity method investments impairment	2	9	136	1,060	0
Accounts receivable	83	90	73	−4	—
Inventories	−48	−152	−182	−356	−261
Prepaid expenses and other current assets	3	−89	−77	198	−113
Accounts payable	−4	102	25	115	214
Contract liabilities	−72	−36	−11	13	118
Other accrued expenses and liabilities	−148	−49	−116	−240	−29
Other	−173	−163	14	136	−25
Total adjustments	912	3,183	1,015	2,795	2,704
Net cash provided by (used in) operating activities	2,669	3,152	2,780	2,757	2,705
Purchase of property, plant, and equipment	−875	−1,214	−1,269	−1,035	−1,027
Purchase of business, net of cash acquired	0	−159	−8	−37	−54
Investments in equity method investees and securities	−18	−35	−35	−31	−37
Proceeds from sale of assets	59	36	22	7	4
Proceeds from sale of business	851	409	5	97	5
Other investing activities	0	−12	−2	500,000	−2
Net cash provided by (used in) investing activities	17	−975	−1,286	−999	−1,036
Proceeds from issuance of long-term debt	998	0	1,144	3,345	996
Principal payments of long-term debt	−1,404	−957	−810	−2,160	−1,365
Net proceeds from (repayments of) short-term borrowings	−535	565	−924	842	323
Dividends paid	−716	−732	−654	−588	−573
Purchases of treasury stock	−924	−1,124	−250	−1,700	−1,391
Proceeds from shares issued under equity compensation plans	8	74	105	42	178
Payments of minimum tax withholdings on stock-based payment awards	−9	−14	−11	−10	−10
Payments of debt issuance, debt extinguishment, and other financing costs	−9	−100,000	−8	−36	−35
Distributions to noncontrolling interests	−63	−58	−53	−55	—
Payment of contingent consideration	−2	−700,000	−15	0	0
Purchase of noncontrolling interest	0	−16	0	0	−53
Net cash provided by (used in) financing activities	−2,656	−2,262	−1,475	−1,820	−1,930
Effect of exchange rate changes on cash and cash equivalents	5	100,000	−600,000	—	—
Net increase (decrease) in cash and cash equivalents	34	−84	19	−66	−261
Interest, net of interest capitalized	346	416	419	386	369
Income taxes, net of refunds received	174	197	334	130	325
Additions to property, plant, and equipment	125	143	270	183	304
Purchase of noncontrolling interest	0	9	0	0	—

Filings

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