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Screener / SEC EDGAR /CIK 0000016918 /10-K filed Apr 22, 2026, compared with Apr 23, 2025 /Numbers from the XBRL of the 10-Ks
Consumer staples peers:
HRLCHDMNSTSTZSJMMKC
NYSE Consumer staples · Beverages

Constellation Brands STZ

STZ quote by TradingView
Employees
9,400
Headquarters
Rochester, NY
CEO
Nicholas I. Fink
Next results
around Jan 6, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2026

Revenue of $9.1B through the costs to a net profit of $1.7B · income statement of the 10-K

30% operating margin
Revenue to Gross profit: $4.7BRevenue to Cost of revenue: $4.4BGross profit to Operating profit: $2.7BGross profit to Operating expenses: $2.0BOperating profit to Net profit: $1.7BOperating profit to Tax & other: $1.0B Revenue: $9.1B REVENUE $9.1B −10% Y/Y Gross profit: $4.7B · 52% margin GROSS PROFIT $4.7B 52% margin · −11% Y/Y Cost of revenue: $4.4B · 48% of revenue COST OF REVENUE $4.4B 48% of revenue Operating profit: $2.7B · 30% margin OPERATING PROFIT $2.7B 30% margin · +667% Y/Y Operating expenses: $2.0B · 22% of revenue OPERATING EXPENSES $2.0B 22% of revenue Net profit: $1.7B · 18% margin NET PROFIT $1.7B 18% margin Tax & other: $1.0B · 11% of revenue TAX & OTHER $1.0B 11% of revenue
Gross profit $4.7B 52% margin · −11% Y/Y
Operating profit $2.7B 30% margin · +667% Y/Y
Net profit $1.7B 18% margin
The full income statement, year by year

STZ among Consumer staples peers

Six ratios from the latest 10-K. Each corner is the share of 32 peers the company is above, not a score.

Compare
Revenue growth: -10.5%, above 0% of 32 peers (their median 2.2%) REVENUE GROWTH -10.5% · above 0% Gross margin: 52.7%, above 70% of 30 peers (their median 38.9%) GROSS MARGIN 52.7% · above 70% Operating margin: 30.2%, above 93% of 28 peers (their median 13.6%) OPERATING MARGIN 30.2% · above 93% Net margin: 20.9%, above 88% of 32 peers (their median 7.6%) NET MARGIN 20.9% · above 88% FCF margin: 20.0%, above 84% of 32 peers (their median 10.4%) FCF MARGIN 20.0% · above 84% Return on capital: 10.6%, above 42% of 24 peers (their median 12.3%) RETURN ON CAPITAL 10.6% · above 42%
STZ Peer median Below the median

What changed

7 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Apr 22, 2026 against Apr 23, 2025.

Risk factors
7 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Going concern language
“Our conclusion was based on several contributing factors, including: (i) the fair value being less than the carrying value and the uncertainty surrounding Canopy’s stock price recovering in the near-term, (ii) Canopy recorded significant costs in its fourth quarter of fiscal 2023 results designed to align its Canadian cannabis operations and resources in response to continued unfavorable market tr”
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
0 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Going concern language
    “Our conclusion was based on several contributing factors, including: (i) the fair value being less than the carrying value and the uncertainty surrounding Canopy’s stock price recovering in the near-term, (ii) Canopy recorded significant costs in its fourth quarter of fiscal 2023 results designed to align its Canadian cannabis operations and resources in response to continued unfavorable market tr”
  • Receivables -10.6% vs revenue -10.5% (-0.2 pts)
9 more checks with nothing to note
  • Cash from operations $2.7B vs net income $1.7B (FY ending Feb 28, 2026)
  • Inventory -0.2% vs revenue -10.5% (+10.2 pts)
  • Same auditor in both 10-Ks: KPMG LLP
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No longer listed: Fair value of the Wine and Spirits reporting unit. Same as last year: Unrecognized tax benefits; PART II ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA Table of Contents
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

7 paragraphs in Risk Factors that were not in the 10-K filed Apr 23, 2025. Quoted as filed.

All 7 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Apr 23, 2025 10-K, ITEM 1A
    Nicholas Fink became our President and Chief Executive Officer on April 13, 2026. Our future performance will depend, in part, on the successful transition of Mr. Fink as our new President and Chief Executive Officer. Leadership transitions and the onboarding process can be inherently difficult to manage, will take time, and could…
  2. Item 1A · new paragraph · not in the 10-K filed Apr 23, 2025 10-K, ITEM 1A
    Our continued success also depends on our ability to attract and retain a high-quality workforce that reflects the consumers and communities we serve in a competitive environment for talent and to implement our human capital
  3. Item 1A · new paragraph · not in the 10-K filed Apr 23, 2025 10-K, ITEM 1A
    Indebtedness, credit ratings, interest rate fluctuations, and credit market disruptions or volatility

New risk paragraphs, against peers

Latest 10-K of each, Consumer staples companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2023FY2024FY2025FY2026
Revenue$9.5B$10.0B$10.2B$9.1B
Net income−$71.0M$1.7B−$81.4M$1.7B
Operating cash flow$2.8B$2.8B$3.2B$2.7B
Free cash flow$1.7B$1.5B$1.9B$1.8B

Revenue, FY2017 to FY2026

Ten fiscal years, each from its own 10-K · XBRL · USD

$9.1B ▼ 10.5% in FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Every number, year by year

Recent filings

No new filings in the last 30 days · SEC EDGAR

All filings

Nothing new. The most recent filings:

About the company

Constellation Brands, Rochester, NY · from the 10-K filed Apr 22, 2026

We are an international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy with powerful, consumer-connected, high-quality brands like Modelo Especial, Corona Extra, Pacifico, Victoria, Kim Crawford, Ruffino, The Prisoner Wine Company, Robert Mondavi Winery, Mi CAMPO, and High West. In the U.S., we are one of the top dollar share gainers among beverage alcohol suppliers. We are also the second-largest beer company and have the #1 beer brand, Modelo Especial, in dollar sales in the U.S. We continued to strengthen our leadership position in the U.S. beer market as the #1 dollar share gainer in the overall U.S.

Headquarters
Rochester, NY
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
February 28
Last results
Oct 6, 2026
Incorporated in
DE

Employees, at the top of the page: "As of February 28, 2026, we had approximately 9,400 employees, including approximately 1,100 employees through our equally-owned joint venture with Owens-Illinois" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Apr 22, 2026 (open at SEC), compared with the 10-K filed Apr 23, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/STZ/export.csv") into a cell.