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Constellation Brands STZ Wine and Spirits — Operating 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 wine and spirits — operating margin?
Constellation Brands (STZ) reported wine and spirits — operating margin of -0.7% in Q1 2026.
How has Constellation Brands's wine and spirits — operating margin changed year-over-year?
Constellation Brands's wine and spirits — operating margin increased by 66.7% year-over-year, from -2.1% to -0.7%.
What is the long-term trend for Constellation Brands's wine and spirits — operating margin?
Over 3 years (2023 to 2026), Constellation Brands's wine and spirits — operating margin has grown at a -61.5% compound annual growth rate (CAGR), from 22.8% to 1.3%.
What does wine and spirits — operating margin mean?
The ratio of operating income to net sales for the wine and spirits segment. This metric indicates the percentage of each dollar of revenue that remains as profit after covering operating costs.