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Constellation Brands STZ Beer — Cost of product sold

Other segment segments

Wine and Spirits
-$85.1M+53.9%
Corporate Operations and Other
$0

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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 us-gaap:CostOfGoodsAndServicesSold.

The official record: Constellation Brands’s 10-Q, filed July 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Constellation Brands's beer — cost of product sold?
Constellation Brands (STZ) reported beer — cost of product sold of -$1.07B in Q1 2026.
How has Constellation Brands's beer — cost of product sold changed year-over-year?
Constellation Brands's beer — cost of product sold decreased by 1.7% year-over-year, from -$1.05B to -$1.07B.
What is the long-term trend for Constellation Brands's beer — cost of product sold?
Over 3 years (2023 to 2026), Constellation Brands's beer — cost of product sold has grown at a 3.9% compound annual growth rate (CAGR), from -$3.53B to -$3.95B.
What does beer — cost of product sold mean?
The direct costs attributable to the production of beer, including raw materials, labor, and manufacturing overhead. This metric is essential for calculating the gross margin of the beer segment.