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Constellation Brands STZ Wine and Spirits — Cost of product sold

Other segment segments

Beer
-$1.07B-1.7%
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 wine and spirits — cost of product sold?
Constellation Brands (STZ) reported wine and spirits — cost of product sold of -$85.1M in Q1 2026.
How has Constellation Brands's wine and spirits — cost of product sold changed year-over-year?
Constellation Brands's wine and spirits — cost of product sold increased by 53.9% year-over-year, from -$184.4M to -$85.1M.
What is the long-term trend for Constellation Brands's wine and spirits — cost of product sold?
Over 3 years (2023 to 2026), Constellation Brands's wine and spirits — cost of product sold has grown at a -22.6% compound annual growth rate (CAGR), from -$1.06B to -$491.9M.
What does wine and spirits — cost of product sold mean?
The direct costs attributable to the production and procurement of wine and spirits, including raw materials, labor, and manufacturing overhead. This metric is critical for assessing the direct profitability of the segment before operating expenses.