Business Segments · Operating margin
Wine and Spirits — Operating margin
Constellation Brands Wine and Spirits — Operating margin decreased by 86.1% to 2.2% in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 144.4%, from 0.9% to 2.2%. Over 3 years (FY 2023 to FY 2026), Wine and Spirits — Operating margin shows a downward trend with a -61.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ2 2022
Last reportedQ1 2026
How to read this metric
A higher margin reflects superior operational efficiency and pricing power within the segment.
Detailed definition
The ratio of operating income to net sales for the wine and spirits segment. This metric indicates the percentage of eac...
Peer comparison
Standard profitability ratio used to compare operational efficiency across business units and peers.
Metric ID:
stz_segment_wine_and_spirits_operating_marginHistorical Data
16 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | 5.7% | 5.7% | 5.7% | 5.7% | 5.6% | 5.6% | 5.6% | 5.6% | 15.3% | 18.1% | 22.1% | 0.9% | -2.1% | -14.6% | 15.8% | 2.2% |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -2.6% | +0.0% | +0.0% | +0.0% | +175.7% | +18.3% | +22.1% | -95.9% | -333.3% | -595.2% | +208.2% | -86.1% |
| YoY Change | — | — | — | — | -2.6% | -2.6% | -2.6% | -2.6% | +175.7% | +226.1% | +298.2% | -83.8% | -113.7% | -180.7% | -28.5% | +144.4% |
Range-14.6% – 22.1%
CAGR-22.4%
Avg YoY Growth+35.6%
Median YoY Growth-2.6%
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Frequently Asked Questions
- What is Constellation Brands's wine and spirits — operating margin?
- Constellation Brands (STZ) reported wine and spirits — operating margin of 2.2% in Q4 2025.
- How has Constellation Brands's wine and spirits — operating margin changed year-over-year?
- Constellation Brands's wine and spirits — operating margin increased by 144.4% year-over-year, from 0.9% to 2.2%.
- What is the long-term trend for Constellation Brands's wine and spirits — operating margin?
- Over 3 years (2023 to 2026), Constellation Brands's wine and spirits — operating margin has grown at a -61.5% compound annual growth rate (CAGR), from 22.8% to 1.3%.
- What does wine and spirits — operating margin mean?
- The percentage of revenue that remains as profit after accounting for operating expenses.