What is the primary revenue source for Constellation Brands (STZ)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze STZ's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Constellation Brands's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Constellation Brands Makes Money: STZ Revenue Breakdown (2027)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

The largest revenue segment accounts for 93.91% of revenue, indicating concentration.

Operating margin improved by 0.8 percentage points year over year.

Revenue: USD 5.07B
Largest revenue segment share (Beer): 93.91%
Cost of revenue: USD 2.35B
Selling, general and administrative: USD 995.20M

View calculation evidence

YoY periods: H1 2027 compared with H1 2026

Source metrics

Cost of revenueCost of product sold · CostOfGoodsAndServicesSold
RevenueNet sales · RevenueFromContractWithCustomerExcludingAssessedTax
Operating marginOperating income (loss) · operating_income / revenue * 100
Largest revenue segment share (Beer)Beer · segment_value / revenue * 100
Selling, general and administrativeSelling, general and administrative expense · SellingGeneralAndAdministrativeExpense

Assets

Where is the money tied up, and how is the company financed?

Watch

Current assets do not cover near-term liabilities, indicating short-term funding pressure.

Property, plant and equipment: USD 8.65B
Goodwill: USD 5.27B
Inventory: USD 1.38B
Total liabilities: USD 13.18B
Shareholder equity: USD 8.88B

View calculation evidence

YoY periods: H1 2027 compared with H1 2026

Source metrics

Shareholder equityTotal stockholders’ equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
InventoryInventories · InventoryNet
Total liabilitiesTotal liabilities · Liabilities
Property, plant and equipmentProperty, plant, and equipment, net of accumulated depreciation of $3,254.7 and $3,095.1, respectively · PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
GoodwillGoodwill · Goodwill

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 139.64% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 1.22B
Operating cash flow: USD 1.70B
Cash conversion: 139.64%
Free cash flow: USD 1.35B

View calculation evidence

YoY periods: H1 2027 compared with H1 2026

Source metrics

Net incomeNet income (loss) attributable to cbi · NetIncomeLoss
Operating cash flowsum(waterfull.operating)
Cash conversionoperating_cash_flow / net_income * 100
Free cash flowcfo - capex

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Cash dividends: USD 353.80M
Share repurchases: USD 454.70M
Net shareholder return: USD 808.50M

View calculation evidence

YoY periods: H1 2027 compared with H1 2026

Source metrics

Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?