CapEx
Constellation Brands CapEx decreased by 11.0% to $218.90M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 22.5%, from $282.60M to $218.90M. Over 4 years (FY 2022 to FY 2026), CapEx shows a downward trend with a -3.9% CAGR.
Analysis
How to read this metric
High levels indicate aggressive growth or maintenance investment, while low levels may signal capital efficiency or underinvestment in infrastructure.
Detailed definition
Capital expenditures represent the cash outflows used to acquire, upgrade, or maintain physical assets such as property,...
Peer comparison
Commonly reported as 'Capital Expenditures' or 'Purchases of Property, Plant, and Equipment' in the investing section of the cash flow statement.
anet_capital_expendituresHistorical Data
| 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 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $113.90M | $239.50M | $245.30M | $428.10M | $196.60M | $238.40M | $248.80M | $351.60M | $277.00M | $305.00M | $329.90M | $357.20M | $375.30M | $327.80M | $228.40M | $282.60M | $192.80M | $217.30M | $246.00M | $218.90M |
| QoQ Change | — | +110.3% | +2.4% | +74.5% | -54.1% | +21.3% | +4.4% | +41.3% | -21.2% | +10.1% | +8.2% | +8.3% | +5.1% | -12.7% | -30.3% | +23.7% | -31.8% | +12.7% | +13.2% | -11.0% |
| YoY Change | — | — | — | — | +72.6% | -0.5% | +1.4% | -17.9% | +40.9% | +27.9% | +32.6% | +1.6% | +35.5% | +7.5% | -30.8% | -20.9% | -48.6% | -33.7% | +7.7% | -22.5% |
Business Segments
| Segment | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|
| Beer | $205.70M | $348.00M | $161.80M | $196.00M | $181.50M | $274.60M | $205.60M | $234.70M |
| Wine and Spirits | $24.00M | $76.70M | $29.80M | $21.80M | $31.60M | $68.60M | $38.60M | $38.90M |
| Corporate Operations and Other | $15.60M | $3.40M | $5.00M | $20.60M | $35.70M | $8.40M | $32.80M | $31.40M |
| Total | $245.30M | $428.10M | $196.60M | $238.40M | $248.80M | $351.60M | $277.00M | $305.00M |
Beer, Corporate Operations and Other, Wine and Spirits were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is Constellation Brands's capex?
- Constellation Brands (STZ) reported capex of $218.90M in Q4 2025.
- How has Constellation Brands's capex changed year-over-year?
- Constellation Brands's capex decreased by 22.5% year-over-year, from $282.60M to $218.90M.
- What is the long-term trend for Constellation Brands's capex?
- Over 4 years (2022 to 2026), Constellation Brands's capex has grown at a -3.9% compound annual growth rate (CAGR), from $1.03B to $875.00M.
- What does capex mean?
- Cash spent on purchasing or maintaining long-term physical assets.