What is Constellation Brands's beer — operating margin?

Constellation Brands (STZ) reported beer — operating margin of 39% in Q1 2026.

How has Constellation Brands's beer — operating margin changed year-over-year?

Constellation Brands's beer — operating margin decreased by 0.3% year-over-year, from 39.1% to 39%.

What does beer — operating margin mean?

Calculated as operating income divided by net sales for the beer segment. This ratio indicates how efficiently the segment converts revenue into operating profit.

Constellation Brands STZ Beer — Operating margin

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TNLOperating margin

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HES

HESMOperating margin

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LBRDKOperating margin

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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 stz:OperatingMargin.

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 — operating margin?: Constellation Brands (STZ) reported beer — operating margin of 39% in Q1 2026.
How has Constellation Brands's beer — operating margin changed year-over-year?: Constellation Brands's beer — operating margin decreased by 0.3% year-over-year, from 39.1% to 39%.
What does beer — operating margin mean?: Calculated as operating income divided by net sales for the beer segment. This ratio indicates how efficiently the segment converts revenue into operating profit.