How Does Constellation Brands Make its Money?
Constellation Brands is a leading international producer and marketer of beer, wine, and spirits. The company’s beer portfolio is anchored by Mexican import brands — Modelo Especial, Corona Extra, Corona Light, and Pacifico — which have made Constellation the top growth driver in the US beer market for years. Modelo Especial recently became the #1 selling beer brand in America, surpassing Bud Light. On the wine and spirits side, Constellation owns brands including Kim Crawford, Meiomi, Robert Mondavi, The Prisoner, and Casa Noble tequila. The company also holds a significant investment in cannabis company Canopy Growth, though this has generated substantial losses.
Constellation Brands (STZ) Business Model
Constellation Brands operates in the consumer staples sector. Below is a summary of Constellation Brands’ revenue streams, how the company generates income, and the key financial metrics from its most recent annual report. This breakdown uses data from Constellation Brands’ 2024 fiscal year filings with the SEC.
Constellation Brands Competitors
Constellation Brands’s key competitors and comparable public companies in the consumer staples sector include Anheuser Busch Inbev, Coca-Cola, PepsiCo, and Mondelez International. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Constellation Brands stacks up by comparing their revenue breakdown, margins, and growth metrics.
Constellation Brands Competitors
Constellation Brands’s key competitors and comparable public companies in the consumer staples sector include Anheuser Busch Inbev, Coca-Cola, PepsiCo, and Mondelez International. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Constellation Brands stacks up by comparing their revenue breakdown, margins, and growth metrics.
Constellation Brands Competitors
Constellation Brands’s key competitors and comparable public companies in the consumer staples sector include Anheuser Busch Inbev, Coca-Cola, PepsiCo, and Mondelez International. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Constellation Brands stacks up by comparing their revenue breakdown, margins, and growth metrics.
Revenue Breakdown
| Segment | 2024 | 2023 | YoY Growth |
|---|---|---|---|
| Beer (Modelo, Corona, Pacifico) | $8,200 | $7,900 | +3.8% |
| Wine | $1,500 | $1,600 | -6.2% |
| Spirits | $400 | $400 | +0.0% |
| Total Revenue | $10,200 | $9,900 | +3.0% |
Beer (Modelo, Corona, Pacifico) — 80% of Revenue
Wine — 15% of Revenue
Spirits — 4% of Revenue
Income Statement Overview
| Metric | 2024 | 2023 |
|---|---|---|
| Total Revenue | $10,200 | $9,900 |
| Cost of Revenue | $5,100 | $5,000 |
| Gross Profit | $5,100 | $4,900 |
| Operating Expenses | $2,100 | $2,000 |
| Operating Income | $3,000 | $2,900 |
| Net Income | $900 | $500 |
All values in millions USD unless otherwise stated.
Key Financial Metrics
- Gross Margin: 50.0%
- Operating Margin: 29.4%
- Revenue Growth: 3.0%
Is Constellation Brands Profitable?
Yes, Constellation Brands is profitable. The company reported net income of $900 on total revenue of $10,200. With an operating margin of 29.4%, Constellation Brands demonstrates solid profitability for the consumer staples sector. The gross margin of 50.0% reflects Constellation Brands’ pricing power and cost structure.
What to Watch
- Modelo and Corona depletion trends as the Mexican import portfolio dominates US beer
- Beer capacity expansion at the Veracruz and Obregon breweries in Mexico
- Wine & spirits portfolio restructuring and potential divestitures
- Canopy Growth investment impairment and cannabis strategy resolution
Constellation Brands (STZ) Financial Summary
Constellation Brands (STZ) is a consumer staples company that generated $10,200 in total revenue in fiscal year 2024. Revenue grew 3.0% year-over-year. The company earned $900 in net income, making it profitable. For a deeper look at Constellation Brands’ revenue breakdown, business segments, and financial performance, review the detailed analysis above.