Tax

Effective Tax Rate, Continuing Operations

Constellation Brands Effective Tax Rate, Continuing Operations decreased by 90.2% to $0.02 in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 98.2%, from $0.93 to $0.02. Over 2 years (FY 2023 to FY 2026), Effective Tax Rate, Continuing Operations shows a downward trend with a -19.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionTax
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ3 2015
Last reportedQ4 2026Apr 22, 2026

How to read this metric

A lower rate generally indicates higher tax efficiency, while a significantly higher rate may suggest increased tax liabilities or geographic shifts in profitability.

Detailed definition

The ratio of income tax expense to income from continuing operations before taxes, representing the actual percentage of...

Peer comparison

Standard metric across all public companies; peers in the industrial gas sector typically target rates aligned with their geographic footprint.

Metric ID: cat_effective_tax_rate_continuing_operations

Historical Data

18 periods
 Q1 '22Q2 '22Q3 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Value$0.02$0.92$0.17$0.24$0.13$0.22$0.52$0.40$0.17$0.20$0.03-$0.11$0.07$0.93$0.14$0.38$0.17$0.02
QoQ Change>999%-81.4%+39.8%-45.2%+64.1%+139.5%-23.1%-56.1%+14.9%-85.0%-480.0%+157.9%>999%-84.6%+165.0%-54.1%-90.2%
YoY Change>999%-85.7%+25.7%+65.7%+32.8%-7.0%-92.4%-165.5%-67.0%+376.7%+432.5%+163.6%-98.2%
Range-$0.11$0.93
CAGR+3.0%
Avg YoY Growth+159.6%
Median YoY Growth+25.7%
Current Streak2 quarters decline

Frequently Asked Questions

What is Constellation Brands's effective tax rate, continuing operations?
Constellation Brands (STZ) reported effective tax rate, continuing operations of $0.02 in Q4 2025.
How has Constellation Brands's effective tax rate, continuing operations changed year-over-year?
Constellation Brands's effective tax rate, continuing operations decreased by 98.2% year-over-year, from $0.93 to $0.02.
What is the long-term trend for Constellation Brands's effective tax rate, continuing operations?
Over 2 years (2023 to 2026), Constellation Brands's effective tax rate, continuing operations has grown at a -19.5% compound annual growth rate (CAGR), from $1.10 to $0.71.
What does effective tax rate, continuing operations mean?
The actual percentage of pre-tax income paid in taxes from continuing business operations.