STZ
Constellation Brands, Inc.
STZ's fundamentals are mixed, but it looks cheap: trading at 13x earnings, less than half its usual 31x. Analysts expect earnings growth.
STZ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Under pressure |
STZ's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.
STZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $145 | — |
| Current | 13x | $145 | — |
| Cheap | 19x | $212 | +47% |
| Fair | 31x | $345 | +138% |
| Expensive | 62x | $686 | +374% |
Historical ranges are pointers, not guarantees.
STZ's PE is in its cheap range at 13x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
STZ Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect STZ's earnings to grow and its profitability to improve, with its revenue holding steady.
STZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.90 | +6.8% |
| Q3 2026 | $11.15 | +63% |
| Q2 2026 | $10.48 | +$12.87 |
| Q1 2026 | $9.59 | +$10.08 |
| Q4 2025 | $6.34 | +70% |
| Q3 2025 | $6.85 | +120% |
| Q2 2025 | -$2.39 | -118% |
| Q1 2025 | -$0.49 | -105% |
| Q4 2024 | $3.74 | -56% |
STZ earned $11.15 per share over the past year, up 63% from the year before.
STZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +6.1% |
| Q2 2026 | $2.4B | -3.3% |
| Q1 2026 | $1.9B | -11% |
| Q4 2025 | $2.2B | -9.8% |
| Q3 2025 | $2.5B | -15% |
| Q2 2025 | $2.5B | -5.5% |
| Q1 2025 | $2.2B | +1.2% |
| Q4 2024 | $2.5B | -0.3% |
STZ's revenue is down over the past year, though its latest quarter was up: $2.6B last quarter, up 6.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 31% | -4.7 points |
| Q2 2026 | 35% | +3 points |
| Q1 2026 | 26% | -15 points |
| Q4 2025 | 31% | -0.6 points |
| Q3 2025 | 35% | -2 points |
| Q2 2025 | 32% | -1.3 points |
| Q1 2025 | 40% | +11 points |
| Q4 2024 | 32% | -2.3 points |
STZ's operating margin was 31% last quarter, down 4.7 points from the same quarter a year ago.
STZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $639.9M | +0.8% |
| Q2 2026 | $484.6M | +9% |
| Q1 2026 | $343.9M | +10% |
| Q4 2025 | $370.9M | -19% |
| Q3 2025 | $634.8M | -26% |
| Q2 2025 | $444.4M | +41% |
| Q1 2025 | $312.1M | +311% |
| Q4 2024 | $456.8M | +16% |
STZ generated $1.8B in free cash flow over the past year, about the same as the year before.
STZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -1.8M shares |
| 1 year | -3% | -5.3M shares |
| 3 years | -7.4% | -13.7M shares |
| 5 years | -11% | -21.9M shares |
| Available history | -12% | -24.3M shares |
STZ has 171M diluted shares, down 3% from a year ago, with $775M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $230.9M |
| Q2 2026 | $223.8M |
| Q1 2026 | $100M |
| Q4 2025 | $220.1M |
| Q3 2025 | $297.9M |
| Q2 2025 | $306.1M |
| Q1 2025 | $455.7M |
| Q4 2024 | $218.9M |
STZ spent $775M buying back its own shares over the past year, down 39% from the year before.
STZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.2x | Elevated |
| Q2 2026 | 3.2x | Elevated |
| Q1 2026 | 3.5x | Elevated |
| Q4 2025 | 4.3x | High |
| Q3 2025 | 4.1x | High |
| Q2 2025 | 25.2x | High |
| Q1 2025 | 15.6x | High |
| Q4 2024 | 7.5x | High |
STZ's net debt is about 3.1 years of its operating earnings (EBITDA), down from 4.1 years a year ago.
STZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.1 | Neutral |
| Stochastic | 84.2 | Overbought |
STZ's weekly RSI is 57 (neutral) and its Stochastic is 84 (overbought).
STZ PE vs Consumer Defensive Sector
| Metric | STZ | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 19x | 33% below |
| PE % | 6 | 18 | 12 pts below |
STZ is trading at 13x earnings, a 33% discount to the Consumer Defensive sector's median of 19x.
STZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $130.1 | 11% above |
| 20 week MA | $130.8 | 11% above |
| 50 week MA | $142.2 | 1.7% above |
| 100 week MA | $155.5 | 7% below |
| 200 week MA | $200.3 | 28% below |
STZ has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 28% below its 200-week average.
STZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $189.2 | $215.8 | +14% |
| 2021 | $215.8 | $244.0 | +13% |
| 2022 | $244.0 | $232.4 | -4.8% |
| 2023 | $232.4 | $241.8 | +4% |
| 2024 | $241.8 | $222.7 | -7.9% |
| 2025 | $222.7 | $139.4 | -37% |
| 2026 YTD | $139.4 | $144.6 | +3.7% |
STZ has finished lower in three of the last six years. It's up 3.7% so far in 2026.