Operating Expenses

SG&A

Constellation Brands SG&A decreased by 14.4% to $420.50M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 16.8%, from $505.30M to $420.50M. Over 4 years (FY 2022 to FY 2026), SG&A shows relatively stable performance with a 2.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026

How to read this metric

A rising ratio of SG&A to revenue may indicate inefficiency or aggressive expansion, while a falling ratio suggests improved operating leverage.

Detailed definition

Selling, general, and administrative expenses encompass the costs associated with the day-to-day operation of the busine...

Peer comparison

Standard operating expense category; peers with larger global sales forces typically show higher absolute SG&A levels.

Metric ID: selling_general_and_administrative

Historical Data

20 periods
 Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$378.30M$490.50M$385.80M$455.10M$438.60M$512.80M$480.20M$496.50M$493.10M$471.20M$473.70M$394.70M$462.20M$491.20M$491.30M$505.30M$500.70M$436.00M$491.20M$420.50M
QoQ Change+29.7%-21.3%+18.0%-3.6%+16.9%-6.4%+3.4%-0.7%-4.4%+0.5%-16.7%+17.1%+6.3%+0.0%+2.8%-0.9%-12.9%+12.7%-14.4%
YoY Change+15.9%+4.5%+24.5%+9.1%+12.4%-8.1%-1.4%-20.5%-6.3%+4.2%+3.7%+28.0%+8.3%-11.2%-0.0%-16.8%
Range$378.30M$512.80M
CAGR+2.3%
Avg YoY Growth+2.9%
Median YoY Growth+4.0%

Frequently Asked Questions

What is Constellation Brands's sg&a?
Constellation Brands (STZ) reported sg&a of $420.50M in Q4 2025.
How has Constellation Brands's sg&a changed year-over-year?
Constellation Brands's sg&a decreased by 16.8% year-over-year, from $505.30M to $420.50M.
What is the long-term trend for Constellation Brands's sg&a?
Over 4 years (2022 to 2026), Constellation Brands's sg&a has grown at a 2.0% compound annual growth rate (CAGR), from $1.71B to $1.85B.
What does sg&a mean?
The overhead costs of running the business, including sales, marketing, and general corporate expenses.