What does beer — asset impairment and related expenses mean?

Represents non-cash charges recognized when the carrying value of long-lived assets within the beer segment exceeds their fair market value. This indicates a potential decline in the future economic benefit of production facilities or related infrastructure.

Constellation Brands STZ Beer — Asset impairment and related expenses

Other segment segments

Wine and Spirits

$18.3M-64.9%

Similar metrics at other companies

SAMImpairment Of Brewery Assets

$2K—

SAMImpairment Of Brewery Assets

$2K—

TLRYBeverage — Goodwill Impairment

$100M0.0%

MNSTAlcohol Brands — Intangible Impairment

$9.6M—

BJRIDepreciation Expense Inclusive Of Brewery Operations

$23M+25.8%

CCKEuropean Beverage — Accumulated impairments

$73M0.0%

Other financials

Income statement

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Revenue$2.4B-3.3%

Gross profit$1.3B+4.3%

Operating income$845.3M+18.4%

Net income$653.8M+26.7%

Balance sheet

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Cash & equivalents$96.6M+30.7%

Total debt$9.4B-7.2%

Total equity$8.3B+13.6%

Total assets$22.1B-0.7%

Cash flow

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Operating cash flow$661.8M+3.9%

CapEx$177.2M-8.1%

Free cash flow$484.6M+9.0%

Valuation

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Market cap$23.85B-10.4%

Enterprise value$33.19B—

P/E13.1×—

P/S2.6×—

Profitability

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Gross margin52.6%+1.2pp

Operating margin31.5%—

Net margin20.3%+17.3pp

FCF margin20.3%-0.3pp

Returns & leverage

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Return on equity23.3%+19.8pp

Debt / equity1.2×-0.2×

Current ratio0.9×-0.2×

Where this comes from

Reported directly by Constellation Brands in its filing.

Tagged under the XBRL concept stz:AssetImpairmentAndRelatedExpenses.

The official record: Constellation Brands’s 10-K, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Constellation Brands's beer — asset impairment and related expenses?: Constellation Brands (STZ) reported beer — asset impairment and related expenses of $14.43M in Q4 2025.
What does beer — asset impairment and related expenses mean?: Represents non-cash charges recognized when the carrying value of long-lived assets within the beer segment exceeds their fair market value. This indicates a potential decline in the future economic benefit of production facilities or related infrastructure.