STZ Constellation Brands, Inc. Common Stock
About Constellation Brands, Inc. Common Stock Company overview from Wikipedia
Constellation Brands, Inc. is an American producer and marketer of beer, wine, and spirits. A Fortune 500 company, Constellation is the largest beer import company in the US, measured by sales, and has the third-largest market share of all major beer suppliers. It also has sizable investments in medical and recreational cannabis through its association with Canopy Growth. Based in Rochester, New York, Constellation has about 40 facilities and approximately 9,000 employees.
Read more
Constellation Brands, Inc. is an American producer and marketer of beer, wine, and spirits. A Fortune 500 company, Constellation is the largest beer import company in the US, measured by sales, and has the third-largest market share (7.4 percent) of all major beer suppliers. It also has sizable investments in medical and recreational cannabis through its association with Canopy Growth. Based in Rochester, New York, Constellation has about 40 facilities and approximately 9,000 employees.
The company has more than 27 brands in its portfolio. Wine brands include Robert Mondavi, Kim Crawford, Ruffino, and The Prisoner Wine Company. Constellation's beer portfolio includes imported brands such as rights in the United States to Corona, Modelo Especial, Negra Modelo, and Pacífico. Spirits brands include Casa Noble Tequila, High West Whiskey, and Nelson's Green Brier Tennessee Whiskey.
Breweries
Constellation Brands has two breweries in Mexico that produce Corona and Modelo beer for the US market. Those locations are in Nava, Coahuila, and Ciudad Obregón, Sonora.
A third Brewery in Mexicali Baja California was never finished due to environmental issues. Instead, Constellation is building its third brewery in Veracruz, Mexico.
History
Early days
The company was established in 1945 by Marvin Sands in the Finger Lakes region of New York as Canandaigua Industries, selling bulk wine to bottlers in the eastern United States. In its first year, the company sold approximately 200,000 gallons of wine and had gross sales of $150,000. The company was incorporated as Canandaigua Wine Company, Inc. in 1972 and went public in 1973. Marvin's son Richard Sands became president in 1993 and CEO in 1996. In 1999, Marvin Sands died following a brief illness.
In 1987, the company purchased the Manischewitz winery in Canandaigua, New York, and continues to license the Manischewitz name from R.A.B. Foods.
Expansion
In 2000, the company changed its name to Constellation Brands, Inc. to reflect the scope of the company and its range of brands. In 2007, Rob Sands was named president and CEO. During the 2000s, there were multiple acquisitions, with some divestments later in the decade. Acquisitions included Ravenswood Winery for $148 million in 2001; BRL Hardy (Australia) and Nobilo (New Zealand) in 2003; Robert Mondavi Corp. for $1 billion in 2004; Vincor International, Canada's largest wine company, for $1.44 billion in 2006; Spirits Marque One (owner of Svedka Vodka) in 2007; and Beam Wines Estates, the wine operations of Fortune Brands (which included several major brands such as Clos du Bois) for $885 million in 2008. The company later moved to a more premium wine portfolio, divesting Almaden Vineyards, Inglenook Winery, and the Paul Masson winery in Madera, California, in 2008, and its value spirits portfolio to the Sazerac Company in 2009. They sold 30 low-cost wine labels in January 2021 to E. & J. Gallo for $810 million including Clos du Bois.
In 2013, Constellation acquired Grupo Modelo's US beer business from Anheuser-Busch InBev, who were required to divest the business as a part of an anti-trust settlement permitting Anheuser-Busch InBev to acquire Grupo Modelo. Constellation had formerly imported Corona and other Modelo brands to the United States. The transaction included full ownership of Crown Imports LLC, which provided Constellation with complete, independent control of all aspects of the US commercial business; a brewery in Mexico; an exclusive perpetual brand license in the US to import, market and sell Corona and the Modelo brands and the freedom to develop brand extensions and innovations for the US market. It now manufactures these products in Mexico for the US market, with Grupo Modelo serving all other countries. In 2014, Constellation finalized a joint venture with Owens-Illinois and completed the acquisition of Anheuser-Busch InBev's glass production plant, located adjacent to the company's brewery in Nava, Mexico.
In December 2015, Constellation announced the $1 billion acquisition of Ballast Point Brewing of San Diego. In October 2016, Constellation announced the $160 million acquisition of High West Distillery of Park City, Utah. In August 2017, Constellation announced the acquisition of Funky Buddha Brewery of Oakland Park, Florida.
In April 2018, Accolade Wines (acquired under the name BRL Hardy) was sold to private equity firm The Carlyle Group. Constellation had already in 2011 reduced its holdings in Accolade to 20%. In February 2019, Constellation announced it had acquired a minority stake in Black Button Distilling, a craft spirits distillery in Rochester, NY. In April 2019, Constellation announced a deal to sell wine brands, including Clos du Bois and Mark West, to E. & J. Gallo Winery for $1.7 billion. In July 2019, Constellation announced it had acquired a minority stake in Montanya Distillers, a craft-rum distillery in Crested Butte, Colorado and a majority stake in Nelson's Green Brier Distillery, a revival of the original Green Brier Tennessee Whiskey and Belle Meade Bourbon labels in Nashville, TN. In December 2019, the sale of Ballast Point Brewing to Kings & Convicts Brewery of Illinois was announced. Terms were not disclosed. In July 2020, Constellation Brands acquired Empathy Wines, co-founded by entrepreneur Gary Vaynerchuk. On September 15, 2020, it was announced Constellation Brands acquired craft spirits producer Copper & Kings American Brandy. In February 2022, Constellation was reported to have approached Monster Beverage to enter into a merger with a combined valuation above $90 billion.
In 2023, Constellation Brands sold Funky Buddha back to its founders.
On June 24, 2024, Constellation Brands re-located its headquarters to a 170,000 square foot campus on the site of the historic Aqueduct Building in Downtown Rochester, the first Fortune 500 company to operate in the city in two decades.
Cannabis
In 2017, the company began investing in medical marijuana. In March 2019, Bill Newlands became CEO. In October 2017, Constellation agreed to pay about C$245 million ($191 million) for a 9.9% stake in Canopy Growth Corporation, a Canadian seller of medicinal-marijuana products. At the time of the agreement, Constellation became the first Fortune 500 company and the first major alcoholic beverage maker to take a minority stake in a marijuana business. In August 2018, the company announced that it would invest an additional US$4 billion in Canopy Growth Corporation in advance of the legalization of recreational cannabis in Canada in October that year. The investment will increase its share in the Canadian Company to 38%. Canopy Growth president Bruce Linton said the additional funds would be used for international expansion and that future marketing plans included products such as cannabis-infused beverages and sleep aids. Since 2023, Constellation started stepping back from the cannabis-infused drinks market. The company reduced its stake in Canopy Growth Corporation and signalled that it could withdraw completely.
Controversies
In 1991, the company reached a consent agreement with the Federal Trade Commission to change the packaging and marketing of Cisco wine after the FTC alleged that Cisco's marketing was deceptively similar to wine coolers despite Cisco having a much higher alcohol content.
In 2010, a French court in Carcassonne, France, convicted 12 wine traders and producers, including Constellation, for selling fake pinot noir wine to US buyers in a scheme that lasted from January 2006 to March 2008. Constellation later faced and settled a class action lawsuit because it "should have known" that the wine was fake.
In 2018 Constellation Brands was involved in a water rights dispute over a proposed manufacturing facility in the city of Mexicali, Baja California, Mexico. The water was from the Colorado River, which not only supplies the water for Mexicali and the agricultural valley but is also piped to the mountain and coastal cities of Tijuana, Tecate, Rosarito and some areas of Ensenada.
In 2021, AB InBev sued Constellation Brands after the company launched two new Modelo-branded beers on the US market, arguing that the first beer illegally used the term "tequila" to describe the barrels where the beer was aged, and that the second beer was inappropriately using the term "bourbon" to describe the barrels where the beer was aged because bourbon has nothing to do with Mexico.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
STZ Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
STZ Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| July 30, 2026 | $1.0300 |
| April 29, 2026 | $1.0300 |
| Jan. 29, 2026 | $1.0200 |
| Oct. 30, 2025 | $1.0200 |
| July 30, 2025 | $1.0200 |
| April 29, 2025 | $1.0200 |
| Feb. 7, 2025 | $1.0100 |
| Nov. 5, 2024 | $1.0100 |
| Aug. 14, 2024 | $1.0100 |
| May 2, 2024 | $1.0100 |
| Feb. 7, 2024 | $0.8900 |
| Nov. 2, 2023 | $0.8900 |
| Aug. 9, 2023 | $0.8900 |
| May 3, 2023 | $0.8900 |
| Feb. 7, 2023 | $0.8000 |
| Nov. 3, 2022 | $0.8000 |
| Aug. 9, 2022 | $0.8000 |
| May 4, 2022 | $0.8000 |
| Feb. 8, 2022 | $0.7600 |
| Nov. 4, 2021 | $0.7600 |
STZ Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 3 10.3%
- Buy 15 51.7%
- Hold 9 31.0%
- Sell 2 6.9%
- Strong Sell 0 0.0%
12-Month Price Target
23 analysts · 2026-08-19Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $3.43 | $3.23 | 0.20% |
| March 31, 2026 | $1.90 | $1.74 | 0.16% |
| Dec. 31, 2025 | $3.06 | $2.66 | 0.40% |
| Sept. 30, 2025 | $3.63 | $3.42 | 0.21% |
| June 30, 2025 | $3.22 | $3.34 | -0.12% |
| Dec. 31, 2000 | $0.23 | $0.23 | 0.00% |
| Sept. 30, 2000 | $0.17 | $0.17 | 0.00% |
| June 30, 2000 | $0.12 | $0.11 | 0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| STZ | — | — | -10.5% | 18.5% | 22.5% | 51.5% |
| MGPI | $517M | -4.9 | -23.8% | -20.1% | -13.9% | 37.2% |
| WVVI | $15M | 12.7 | -6.5% | -2.5% | -1.4% | 60.5% |
| AMSS | — | — | — | — | — | — |
| IPST | $15M | -0.1 | 20.4% | -1360.9% | -288.9% | 54.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 11
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.14B | $10.21B | $9.96B | $9.45B | $8.82B | $8.61B | $8.34B | $8.12B | $7.58B | $7.32B | $7.22B | $6.67B | |
| Cost of Revenue | $4.43B | $4.89B | $4.94B | $4.68B | $4.11B | $4.15B | $4.19B | $4.04B | $3.77B | $3.80B | $3.61B | $3.45B | |
| Gross Profit | $4.71B | $5.31B | $5.02B | $4.77B | $4.71B | $4.47B | $4.15B | $4.08B | $3.81B | $3.52B | $2.94B | $2.58B | |
| SG&A Expense | $1.85B | $1.95B | $1.83B | $1.93B | $1.71B | $1.67B | $1.62B | $1.67B | $1.53B | $1.39B | $1.18B | $1.08B | |
| Operating Income | $2.72B | $355M | $3.17B | $2.84B | $2.33B | $2.79B | $2.15B | $2.41B | $2.28B | $2.39B | $1.77B | $1.50B | |
| Interest Expense | · | · | · | · | · | · | · | $379M | $334M | $335M | $315M | $339M | |
| Interest Income | · | · | · | · | · | · | · | $12M | $2M | $2M | $800.0K | $1M | |
| Pretax Income | $2.38B | $-83M | $2.22B | $384M | $310M | $2.54B | $-945M | $4.14B | $2.34B | $2.08B | $1.50B | $1.18B | |
| Income Tax | $621M | $-52M | $457M | $422M | $309M | $511M | $-967M | $686M | $23M | $550M | $441M | $343M | |
| Net Income | $1.69B | $-81M | $1.73B | $-71M | $-40M | $2.00B | $-12M | $3.44B | $2.30B | $1.53B | $1.05B | $839M | |
| EBITDA | $3.14B | $802M | $3.60B | $3.23B | $2.67B | $3.09B | $2.49B | $2.75B | $2.58B | $2.65B | $1.99B | $1.70B |
Balance Sheet 29
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $102M | $68M | $152M | $134M | $199M | $461M | $81M | $94M | $90M | $177M | $83M | $110M | |
| Receivables | $658M | $736M | $833M | $902M | $899M | $785M | $865M | $847M | $776M | $737M | $732M | $599M | |
| Inventory | $1.43B | $1.44B | $2.08B | $1.90B | $1.57B | $1.29B | $1.37B | $2.13B | $2.08B | $1.96B | $1.85B | $1.83B | |
| Prepaid Expense | $712M | $561M | $666M | $562M | $658M | $508M | $536M | $613M | $524M | $360M | $310M | $375M | |
| Other Current Assets | $112M | $102M | $125M | $115M | $91M | $80M | $89M | $122M | $133M | $124M | $103M | $149M | |
| Current Assets | $2.91B | $3.72B | $3.73B | $3.50B | $3.33B | $3.04B | $3.48B | $3.68B | $3.47B | $3.23B | $2.98B | $2.91B | |
| PP&E (Net) | · | $7.41B | $8.06B | $6.87B | $6.06B | $5.82B | $5.33B | $5.27B | $4.79B | $3.93B | $3.33B | $2.68B | |
| PP&E (Gross) | · | · | · | · | · | $7.56B | $6.79B | $6.97B | $6.27B | $5.21B | $4.51B | $3.73B | |
| Accum. Depreciation | · | · | · | · | · | $1.73B | $1.46B | $1.71B | $1.48B | $1.28B | $1.18B | $1.05B | |
| Goodwill | $5.23B | $5.13B | $7.98B | $7.93B | $7.86B | $7.79B | $7.76B | $8.09B | $8.08B | $7.92B | $7.14B | $6.21B | |
| Intangibles | $2.53B | $2.53B | $2.73B | $2.73B | $2.76B | $2.73B | $2.72B | $3.20B | $3.30B | $3.38B | $3.40B | $3.18B | |
| Other Non-current Assets | $1.34B | $1.06B | $1.14B | $791M | $617M | $614M | $611M | $110M | $93M | $141M | $112M | $111M | |
| Total Assets | $21.90B | $21.65B | $25.69B | $24.66B | $25.86B | $27.10B | $27.32B | $29.23B | $20.54B | $18.60B | $16.96B | $15.09B | |
| Accounts Payable | $960M | $940M | $1.11B | $942M | $899M | $460M | $558M | $617M | $592M | $560M | $429M | $286M | |
| Accrued Liabilities | $854M | $887M | $836M | $852M | $871M | $780M | $780M | $690M | $678M | $620M | $544M | · | |
| Short-term Debt | $272M | $807M | $241M | $1.17B | $323M | $0 | $239M | $792M | $747M | $606M | · | · | |
| Current Liabilities | $2.69B | $4.04B | $3.14B | $2.97B | $2.70B | $1.27B | $2.31B | $3.16B | $2.04B | $2.70B | $2.27B | $1.13B | |
| Capital Leases | $532M | $539M | $589M | $417M | $457M | $471M | $484M | $0 | · | · | · | · | |
| Deferred Tax | $204M | $93M | $592M | $570M | $516M | $570M | $384M | $1.03B | $694M | $1.13B | $1.02B | $819M | |
| Other Non-current Liabilities | $76M | $95M | $128M | $137M | $150M | $96M | $86M | $107M | $136M | $166M | $162M | $176M | |
| Total Liabilities | $13.51B | $14.52B | $15.63B | $15.93B | $13.81B | $13.18B | $14.85B | $16.39B | $12.55B | $11.72B | $10.27B | $9.21B | |
| Long-term Debt | $10.30B | $10.69B | $11.64B | $11.30B | $10.09B | $10.44B | $11.95B | $12.82B | $9.44B | $8.63B | $7.67B | $7.24B | |
| Total Debt | $10.57B | $11.50B | $11.88B | $12.46B | $10.42B | $10.44B | $12.18B | $13.62B | $10.19B | $8.63B | $7.67B | $7.30B | |
| Paid-in Capital | $2.19B | $2.14B | $2.05B | $1.90B | $1.81B | $1.60B | $1.51B | $1.41B | $2.83B | $2.76B | $2.59B | $2.27B | |
| Retained Earnings | $13.57B | $12.60B | $13.42B | $12.34B | $14.51B | $15.12B | $13.70B | $14.28B | $9.16B | $7.31B | $6.09B | $5.28B | |
| Treasury Stock | · | · | · | $5.86B | $4.17B | $2.79B | $2.81B | $2.78B | $3.81B | $2.78B | $1.67B | $1.65B | |
| AOCI | $423M | $-663M | $377M | $28M | $-413M | $-336M | $-266M | $-354M | $-203M | $-400M | $-452M | $-131M | |
| Stockholders' Equity | $8.08B | $6.88B | $9.74B | $8.41B | $11.73B | $13.60B | $12.13B | $12.55B | $7.98B | $6.89B | $6.56B | $5.77B | |
| Liabilities + Equity | $21.90B | $21.65B | $25.69B | $24.66B | $25.86B | $27.10B | $27.32B | $29.23B | $20.54B | $18.60B | $16.96B | $15.09B |
Cash Flow 18
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $420M | $447M | $429M | $387M | $342M | $299M | $332M | $339M | $300M | $248M | $221M | $202M | |
| Stock-based Comp | $68M | $72M | $64M | $68M | $45M | $63M | $60M | $64M | $61M | $56M | $54M | $55M | |
| Deferred Tax | $510M | $-210M | $148M | $208M | $85M | $336M | $-1.15B | $427M | $114M | $125M | $251M | $79M | |
| Amort. of Intangibles | $1M | $1M | $1M | $3M | $5M | $5M | $6M | $6M | $6M | $10M | $41M | $40M | |
| Other Non-cash | $-16M | $2.92B | $412M | $2.16B | $2.27B | $110M | $3.32B | $-2.02B | $-863M | $-272M | $-167M | $-95M | |
| Operating Cash Flow | $2.67B | $3.15B | $2.78B | $2.76B | $2.71B | $2.81B | $2.55B | $2.25B | $1.93B | $1.70B | $1.41B | $1.08B | |
| CapEx | $875M | $1.21B | $1.27B | $1.04B | $1.03B | $865M | $726M | $886M | $1.06B | $907M | $891M | $719M | |
| Investing Cash Flow | $16M | $-975M | $-1.29B | $-999M | $-1.04B | $-88M | $-531M | $-4.83B | $-1.42B | · | · | $-1.02B | |
| Debt Issued | $998M | $0 | $1.14B | $3.34B | $996M | $1.19B | $1.29B | $3.66B | $7.93B | $1.97B | $610M | $905M | |
| Net Debt Issued | $-407M | $-957M | $335M | $1.19B | $-370M | $-1.53B | $-904M | $3.59B | $805M | $994M | $401M | $299M | |
| Stock Repurchased | $924M | $1.12B | $250M | $1.70B | $1.39B | $0 | $50M | $504M | $1.04B | $1.12B | $34M | $0 | |
| Net Stock Activity | $-924M | $-1.12B | $-250M | $-1.70B | $-1.39B | $0 | $-50M | $-504M | $-1.04B | $-1.12B | $-34M | $0 | |
| Dividends Paid | $716M | $732M | $654M | $588M | $573M | $575M | $569M | $558M | $400M | $315M | $242M | $0 | |
| Financing Cash Flow | $-2.66B | $-2.26B | $-1.47B | $-1.82B | $-1.93B | $-2.35B | $-2.03B | $2.59B | $-601M | · | · | $-16M | |
| Net Change in Cash | $34M | $-84M | $19M | $-66M | $-261M | $379M | $-12M | $3M | $-87M | $94M | $-27M | $46M | |
| Taxes Paid | $174M | $197M | $334M | $130M | $325M | $190M | $85M | $186M | $239M | $220M | $80M | $170M | |
| Free Cash Flow | $1.79B | $1.94B | $1.51B | $1.72B | $1.68B | $1.94B | $1.82B | $1.36B | $874M | $789M | $522M | $362M | |
| Levered FCF | · | · | · | · | · | · | · | $1.04B | $541M | $542M | $300M | $121M |
Profitability 8
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.5% | 52.1% | 50.4% | 50.4% | 53.4% | 51.8% | 49.8% | 50.3% | 45.8% | 43.8% | 40.7% | 38.6% | |
| Operating Margin | 29.8% | 3.5% | 31.8% | 30.1% | 26.4% | 32.4% | 25.8% | 29.7% | 27.4% | 29.8% | 24.4% | 22.5% | |
| Net Margin | 18.5% | -0.80% | 17.3% | -0.75% | -0.46% | 23.2% | -0.14% | 42.3% | 27.9% | 19.0% | 14.6% | 12.6% | |
| Pretax Margin | 26.0% | -0.81% | 22.3% | 4.1% | 3.5% | 29.5% | -11.3% | 51.1% | 28.1% | 26.0% | 20.8% | 17.7% | |
| EBITDA Margin | 34.4% | 7.9% | 36.1% | 34.2% | 30.3% | 35.9% | 29.8% | 33.9% | 31.0% | 32.8% | 27.5% | 25.5% | |
| ROA | 7.8% | -0.34% | 6.9% | -0.28% | -0.15% | 7.3% | -0.04% | 13.8% | 11.4% | 8.3% | 6.4% | 5.6% | |
| ROE | 22.5% | -0.98% | 19.0% | -0.70% | -0.32% | 15.5% | -0.10% | 33.5% | 31.1% | 22.8% | 17.1% | 15.6% | |
| ROIC | 10.8% | 0.73% | 11.7% | -1.4% | 0.03% | 9.3% | -0.20% | 7.7% | 12.5% | 11.4% | 8.8% | 8.1% |
Liquidity & Solvency 5
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 0.9 | 1.2 | 1.2 | 1.2 | 2.4 | 1.5 | 1.2 | 1.8 | 1.2 | 1.3 | 2.6 | |
| Quick Ratio | 0.3 | 0.2 | 0.3 | 0.3 | 0.4 | 1.0 | 0.4 | 0.3 | 0.4 | 0.3 | 0.4 | 0.6 | |
| Debt / Equity | 1.3 | 1.7 | 1.2 | 1.5 | 0.9 | 0.8 | 1.0 | 1.1 | 1.3 | 1.3 | 1.2 | 1.3 | |
| LT Debt / Equity | 1.2 | 1.3 | 1.1 | 1.3 | 0.8 | 0.8 | 0.9 | 0.9 | 1.2 | 1.1 | 1.0 | 1.2 | |
| Interest Coverage | · | · | · | · | · | · | · | 6.4 | 6.8 | 7.2 | 5.6 | 4.4 |
Efficiency 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | |
| Inventory Turnover | 3.1 | 2.8 | 2.5 | 2.7 | 2.9 | 3.1 | 2.4 | 1.9 | 1.9 | 2.0 | 2.0 | 1.9 | |
| Receivables Turnover | 13.1 | 13.0 | 11.5 | 10.5 | 10.5 | 10.4 | 9.7 | 10.0 | 11.0 | 11.0 | 10.9 | 10.9 |
Growth Rates 6
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -10.5% | 2.5% | 5.4% | 7.2% | 2.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -1.1% | 5.0% | 5.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 1.2% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | · | · | -4.7% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -3.3% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 4.5% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 4
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $9.14B | $10.21B | $9.96B | $9.45B | $8.82B | $8.61B | $8.34B | $8.12B | $7.58B | $7.32B | $7.22B | $6.67B | |
| Net Income TTM | $1.69B | $-81M | $1.73B | $-71M | $-40M | $2.00B | $-12M | $3.44B | $2.30B | $1.53B | $1.05B | $839M | |
| Payout Ratio | 42.4% | -899.0% | 37.9% | -827.8% | -1418.3% | 28.8% | -4823.7% | 16.2% | 17.2% | 20.5% | 22.9% | · | |
| Annual Payout | $716M | $732M | $654M | $588M | $573M | $575M | $569M | $558M | $400M | $315M | $242M | $0 |
Income Statement 9
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.43B | $1.92B | $2.22B | $2.48B | $2.52B | $2.16B | $2.46B | $2.92B | $2.66B | $2.14B | $2.47B | $2.84B | $2.51B | $2.00B | $2.44B | $2.66B | |
| Cost of Revenue | $1.11B | $968M | $1.04B | $1.17B | $1.25B | $1.05B | $1.18B | $1.41B | $1.26B | $1.10B | $1.20B | $1.39B | $1.26B | $1.04B | $1.21B | $1.33B | |
| Gross Profit | $1.32B | $952M | $1.18B | $1.31B | $1.27B | $1.11B | $1.28B | $1.51B | $1.40B | $1.04B | $1.27B | $1.45B | $1.26B | $961M | $1.23B | $1.33B | |
| SG&A Expense | $457M | $420M | $491M | $436M | $501M | $505M | $491M | $491M | $462M | $395M | $474M | $471M | $493M | $496M | $480M | $513M | |
| Operating Income | $845M | $442M | $692M | $874M | $714M | $-150M | $793M | $-1.23B | $942M | $629M | $797M | $979M | $765M | $467M | $747M | $813M | |
| Pretax Income | $760M | $351M | $632M | $783M | $611M | $-343M | $674M | $-1.33B | $921M | $493M | $651M | $848M | $230M | $256M | $611M | $-1.01B | |
| Income Tax | $88M | $126M | $110M | $297M | $88M | $28M | $44M | $-152M | $28M | $88M | $130M | $147M | $91M | $33M | $131M | $132M | |
| Net Income | $654M | $202M | $503M | $466M | $516M | $-375M | $616M | $-1.20B | $877M | $392M | $509M | $690M | $136M | $223M | $468M | $-1.15B | |
| EBITDA | $943M | · | $791M | $977M | $819M | · | $912M | $-1.12B | $1.05B | · | $905M | $1.09B | $870M | · | $842M | $905M |
Balance Sheet 27
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $97M | $102M | $152M | $72M | $74M | $68M | $74M | $65M | $74M | · | $79M | $83M | $192M | · | $185M | $165M | |
| Receivables | $727M | $658M | $708M | $668M | $813M | $736M | $836M | $871M | $894M | · | $897M | $933M | $933M | · | $921M | $979M | |
| Inventory | $1.45B | $1.43B | $1.38B | $1.44B | $1.41B | $1.44B | $2.13B | $2.10B | $2.13B | · | $1.99B | $1.81B | $1.95B | · | $1.80B | $1.65B | |
| Prepaid Expense | $765M | $712M | $669M | $700M | $628M | $561M | $590M | $612M | $734M | · | $587M | $604M | $576M | · | $618M | $735M | |
| Other Current Assets | · | $112M | · | $80M | · | $102M | · | · | · | · | · | · | · | · | · | · | |
| Current Assets | $3.04B | $2.91B | $2.91B | $2.88B | $3.94B | $3.72B | $3.63B | $3.65B | $3.83B | · | $3.55B | $3.43B | $3.65B | · | $3.53B | $3.53B | |
| PP&E (Net) | · | · | $8.21B | $8.00B | $7.72B | · | $7.79B | $7.90B | $8.30B | · | $7.71B | $7.58B | $7.19B | · | $6.52B | $6.23B | |
| Goodwill | $5.25B | $5.23B | $5.19B | $5.18B | $5.16B | $5.13B | $5.61B | $5.72B | $7.99B | $7.98B | $7.98B | $7.99B | $7.95B | $7.93B | $7.90B | $7.90B | |
| Intangibles | $2.54B | $2.53B | $2.53B | $2.53B | $2.53B | $2.53B | $2.72B | $2.76B | $2.73B | · | $2.73B | $2.73B | $2.73B | · | $2.74B | $2.76B | |
| Other Non-current Assets | $1.31B | $1.34B | $1.27B | $1.24B | $1.16B | $1.06B | $1.15B | $1.09B | $1.20B | · | $763M | $771M | $783M | · | $667M | $637M | |
| Total Assets | $22.11B | $21.90B | $21.68B | $21.42B | $22.26B | $21.65B | $22.81B | $23.08B | $26.06B | · | $25.06B | $24.93B | $24.76B | · | $24.46B | $24.28B | |
| Accounts Payable | $1.00B | $960M | $976M | $1.02B | $980M | $940M | $1.06B | $1.10B | $1.14B | · | $1.03B | $979M | $1.00B | · | $1.01B | $959M | |
| Accrued Liabilities | $890M | $854M | $818M | $880M | $934M | $887M | $840M | $902M | $784M | · | $935M | $853M | $810M | · | $832M | $881M | |
| Short-term Debt | $336M | $272M | $375M | $252M | $378M | $807M | $890M | $508M | $793M | · | $459M | $467M | $819M | · | $876M | $664M | |
| Current Liabilities | $3.33B | $2.69B | $2.17B | $2.66B | $3.69B | $4.04B | $3.29B | $2.91B | $3.12B | · | $3.38B | $2.86B | $3.19B | · | $2.73B | $2.51B | |
| Capital Leases | · | $532M | · | · | · | $539M | $540M | $568M | · | · | · | · | · | · | · | · | |
| Deferred Tax | · | $204M | · | · | · | $93M | $224M | $291M | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | · | $76M | · | · | · | $95M | $94M | $148M | · | · | · | · | · | · | · | · | |
| Total Liabilities | $13.56B | $13.51B | $13.68B | $13.63B | $14.73B | $14.52B | $14.73B | $14.92B | $15.49B | · | $15.26B | $15.21B | $15.85B | · | $15.75B | $14.57B | |
| Long-term Debt | $10.20B | $10.30B | $10.29B | $10.29B | $11.19B | $10.69B | $10.69B | $11.09B | $11.09B | · | $11.24B | $11.24B | $11.54B | · | $11.30B | $10.29B | |
| Total Debt | $10.53B | · | $10.66B | $10.54B | $11.57B | · | $11.58B | $11.60B | $11.88B | · | $11.70B | $11.71B | $12.36B | · | $12.17B | $10.95B | |
| Paid-in Capital | $2.17B | $2.19B | $2.17B | $2.15B | $2.13B | $2.14B | $2.13B | $2.12B | $2.07B | · | $2.02B | $2.00B | $1.92B | · | $1.88B | $1.86B | |
| Retained Earnings | $14.05B | $13.57B | $13.55B | $13.23B | $12.94B | $12.60B | $13.16B | $12.73B | $14.11B | · | $13.19B | $12.84B | $12.32B | · | $12.27B | $13.45B | |
| Treasury Stock | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $5.56B | $5.57B | |
| AOCI | $338M | $423M | $-800.0K | $-92M | $-312M | $-663M | $-725M | $-427M | $368M | · | $364M | $434M | $243M | · | $-201M | $-355M | |
| Stockholders' Equity | $8.26B | $8.08B | $7.71B | $7.50B | $7.27B | $6.88B | $7.82B | $7.87B | $10.25B | · | $9.47B | $9.39B | $8.59B | · | $8.39B | $9.39B | |
| Liabilities + Equity | $22.11B | $21.90B | $21.68B | $21.42B | $22.26B | $21.65B | $22.81B | $23.08B | $26.06B | · | $25.06B | $24.93B | $24.76B | · | $24.46B | $24.28B |
Cash Flow 15
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $98M | $112M | $99M | $103M | $106M | $106M | $119M | $110M | $112M | $106M | $108M | $109M | $106M | $106M | $96M | $92M | |
| Stock-based Comp | $15M | $20M | $16M | $22M | $10M | $12M | $20M | $24M | $17M | $14M | $17M | $18M | $14M | $12M | $18M | $21M | |
| Deferred Tax | $-78M | $199M | $34M | $244M | $34M | $-26M | $-6M | $-204M | $25M | $120M | $2M | $27M | $-300.0K | $-11M | $10M | $187M | |
| Other Non-cash | $-26M | · | · | · | $-29M | · | · | · | $-341M | · | · | · | $410M | · | · | · | |
| Operating Cash Flow | $662M | $563M | $617M | $852M | $637M | $595M | $685M | $1.18B | $690M | $433M | $725M | $957M | $665M | $476M | $626M | $896M | |
| CapEx | $177M | $219M | $246M | $217M | $193M | $283M | $228M | $328M | $375M | $357M | $330M | $305M | $277M | $352M | $249M | $238M | |
| Investing Cash Flow | $-193M | $-214M | $-235M | $661M | $-196M | $123M | $-241M | $-480M | $-377M | $-356M | $-329M | $-309M | $-292M | $-353M | $-161M | $-259M | |
| Debt Issued | $500M | $0 | $499M | $0 | $499M | $0 | $0 | $0 | $0 | $400M | $0 | $0 | $745M | $499M | $999M | $0 | |
| Net Debt Issued | $-101M | · | · | · | $498M | · | · | · | $-552M | · | · | · | $242M | · | · | · | |
| Stock Repurchased | $224M | $100M | $220M | $298M | $306M | $456M | $219M | $249M | $200M | $0 | $215M | $0 | $35M | $300M | $0 | $393M | |
| Net Stock Activity | $-224M | · | · | · | $-306M | · | · | · | $-200M | · | · | · | $-35M | · | · | · | |
| Dividends Paid | $179M | $177M | $178M | $179M | $182M | $180M | $183M | $183M | $185M | $163M | $164M | $164M | $164M | $147M | $146M | $146M | |
| Financing Cash Flow | $-474M | $-401M | $-302M | $-1.52B | $-438M | $-723M | $-435M | $-711M | $-393M | $-2M | $-400M | $-758M | $-315M | $-174M | $-447M | $-571M | |
| Net Change in Cash | $-6M | $-50M | $80M | $-2M | $6M | $-6M | $9M | $-9M | $-79M | $74M | $-5M | $-109M | $59M | $-52M | $20M | $63M | |
| Free Cash Flow | $485M | · | · | · | $444M | · | · | · | $315M | · | · | · | $388M | · | · | · |
Profitability 8
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.3% | · | 53.2% | 52.8% | 50.4% | · | 52.1% | 51.8% | 52.7% | · | 51.4% | 51.1% | 50.0% | · | 50.4% | 49.9% | |
| Operating Margin | 34.8% | · | 31.1% | 35.2% | 28.4% | · | 32.2% | -42.1% | 35.4% | · | 32.2% | 34.5% | 30.4% | · | 30.6% | 30.6% | |
| Net Margin | 26.9% | · | 22.6% | 18.8% | 20.5% | · | 25.0% | -41.1% | 33.0% | · | 20.6% | 24.3% | 5.4% | · | 19.2% | -43.4% | |
| Pretax Margin | 31.2% | · | 28.4% | 31.6% | 24.3% | · | 27.3% | -45.7% | 34.6% | · | 26.3% | 29.9% | 9.2% | · | 25.1% | -38.0% | |
| EBITDA Margin | 38.8% | · | 35.6% | 39.4% | 32.6% | · | 37.0% | -38.4% | 39.6% | · | 36.6% | 38.3% | 34.6% | · | 34.6% | 34.1% | |
| ROA | 2.9% | · | 2.3% | 2.1% | 2.1% | · | 2.6% | -5.0% | 3.5% | · | 2.1% | 2.8% | 0.54% | · | 1.9% | -4.6% | |
| ROE | 8.4% | · | 6.5% | 6.1% | 5.9% | · | 7.1% | -13.9% | 9.3% | · | 5.7% | 7.3% | 1.4% | · | 4.8% | -11.2% | |
| ROIC | 4.0% | · | 3.1% | 3.0% | 3.2% | · | 3.8% | -5.6% | 4.1% | · | 3.0% | 3.8% | 2.2% | · | 2.9% | 4.5% |
Liquidity & Solvency 4
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | · | 1.3 | 1.1 | 1.1 | · | 1.1 | 1.3 | 1.2 | · | 1.1 | 1.2 | 1.1 | · | 1.3 | 1.4 | |
| Quick Ratio | 0.2 | · | 0.4 | 0.3 | 0.2 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.4 | 0.4 | · | 0.4 | 0.5 | |
| Debt / Equity | 1.3 | · | 1.4 | 1.4 | 1.6 | · | 1.5 | 1.5 | 1.2 | · | 1.2 | 1.2 | 1.4 | · | 1.5 | 1.2 | |
| LT Debt / Equity | 1.1 | · | 1.3 | 1.3 | 1.3 | · | 1.3 | 1.4 | 1.0 | · | 1.1 | 1.1 | 1.3 | · | 1.3 | 1.1 |
Efficiency 3
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | |
| Inventory Turnover | 0.8 | · | 0.6 | 0.7 | 0.7 | · | 0.6 | 0.7 | 0.6 | · | 0.6 | 0.8 | 0.7 | · | 0.7 | 0.9 | |
| Receivables Turnover | 3.2 | · | 2.9 | 3.2 | 2.9 | · | 2.8 | 3.2 | 2.9 | · | 2.7 | 3.0 | 2.8 | · | 2.7 | 2.7 |
Valuation (TTM) 3
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $9.06B | · | $9.38B | $9.62B | $10.06B | · | $10.18B | $10.19B | $10.11B | · | $9.82B | $9.79B | $9.60B | · | $9.56B | $9.44B | |
| Net Income TTM | $1.82B | · | $1.11B | $1.22B | $-442M | · | $686M | $580M | $2.47B | · | $1.56B | $1.52B | $-325M | · | $101M | $104M | |
| Payout Ratio | 27.3% | · | · | · | 35.3% | · | · | · | 21.1% | · | · | · | 120.8% | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-02-28 | 2025-02-28 | 2024-02-29 | 2023-02-28 | 2022-02-28 | |
|---|---|---|---|---|---|
| Revenue | $9.14B | $10.21B | $9.96B | $9.45B | $8.82B |
| Gross Margin % | 51.5% | 52.1% | 50.4% | 50.4% | 53.4% |
| Operating Margin % | 29.8% | 3.5% | 31.8% | 30.1% | 26.4% |
| Net Income | $1.69B | $-81M | $1.73B | $-71M | $-40M |
Balance Sheet
| 2026-02-28 | 2025-02-28 | 2024-02-29 | 2023-02-28 | 2022-02-28 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.3 | 1.7 | 1.2 | 1.5 | 0.9 |
| Current Ratio | 1.1 | 0.9 | 1.2 | 1.2 | 1.2 |
| Quick Ratio | 0.3 | 0.2 | 0.3 | 0.3 | 0.4 |
Cash Flow
| 2026-02-28 | 2025-02-28 | 2024-02-29 | 2023-02-28 | 2022-02-28 | |
|---|---|---|---|---|---|
| Free Cash Flow | $1.79B | $1.94B | $1.51B | $1.72B | $1.68B |
Latest News Recent headlines mentioning this company
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Institutional owners (13F) 1,167 filers · $16.8B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 112 (-47 vs prior Q) | 110 (+6 vs prior Q) | 306 (-71 vs prior Q) | 451 (+84 vs prior Q) | +1.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $2,269,362,397 | 16,449,423 | 13.51% | Shares |
| Capital World Investors | $1,559,029,633 | 11,208,782 | 9.28% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $1,298,744,947 | 9,337,443 | 7.73% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,089,841,086 | 7,835,510 | 6.49% | Shares |
| STATE STREET CORP | $944,276,307 | 6,788,959 | 5.62% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $556,141,327 | 3,998,425 | 3.31% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $503,455,032 | 3,619,635 | 3.00% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $465,794,161 | 3,363,648 | 2.77% | Shares |
| AMERIPRISE FINANCIAL INC | $456,855,920 | 3,286,109 | 2.72% | Shares |
| Point72 Asset Management, L.P. | $342,629,716 | 2,463,367 | 2.04% | Shares |
| FMR LLC | $336,963,756 | 2,422,631 | 2.01% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $332,672,680 | 2,391,780 | 1.98% | Shares |
| CITADEL ADVISORS LLC | $298,727,209 | 2,147,726 | 1.78% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $287,983,898 | 2,070,486 | 1.71% | Shares |
| VAN ECK ASSOCIATES CORP | $273,920,369 | 1,969,375 | 1.63% | Shares |
| NORGES BANK | $249,014,774 | 1,790,314 | 1.48% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $190,761,935 | 1,371,500 | 1.14% | Put option |
| Balyasny Asset Management L.P. | $185,186,095 | 1,331,412 | 1.10% | Shares |
| JANE STREET GROUP, LLC | $181,090,451 | 1,301,966 | 1.08% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $158,491,215 | 1,139,488 | 0.94% | Shares |
| Qube Research & Technologies Ltd | $158,080,792 | 1,136,536 | 0.94% | Shares |
| MILLENNIUM MANAGEMENT LLC | $135,878,690 | 976,912 | 0.81% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $121,481,206 | 873,400 | 0.72% | Call option |
| Capital International Investors | $116,084,853 | 834,601 | 0.69% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $109,693,746 | 788,653 | 0.65% | Shares |
| Capital Research Global Investors | $106,097,435 | 762,797 | 0.63% | Shares |
| CITADEL ADVISORS LLC | $93,621,479 | 673,100 | 0.56% | Call option |
| PZENA INVESTMENT MANAGEMENT LLC | $83,358,584 | 599,314 | 0.50% | Shares |
| BlackRock, Inc. | $71,056,074 | 510,864 | 0.42% | Shares |
| JANE STREET GROUP, LLC | $70,657,720 | 508,000 | 0.42% | Call option |
| JANE STREET GROUP, LLC | $70,532,539 | 507,100 | 0.42% | Put option |
| GOLDMAN SACHS GROUP INC | $69,896,063 | 502,524 | 0.42% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $68,200,000 | 490,330 | 0.41% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $64,931,826 | 475,308 | 0.39% | Shares |
| AVIVA PLC | $56,312,534 | 404,864 | 0.34% | Shares |
| Swiss National Bank | $54,412,008 | 391,200 | 0.32% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $47,489,324 | 341,432 | 0.28% | Shares |
| Assenagon Asset Management S.A. | $47,036,343 | 338,172 | 0.28% | Shares |
| ALLIANCEBERNSTEIN L.P. | $45,053,700 | 300,358 | 0.27% | Shares |
| WOLVERINE TRADING, LLC | $44,188,986 | 323,800 | 0.26% | Call option |
| Vanguard Global Advisers, LLC | $41,988,767 | 301,882 | 0.25% | Shares |
| RHUMBLINE ADVISERS | $41,729,673 | 300,020 | 0.25% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $41,629,637 | 299,300 | 0.25% | Call option |
| HighTower Advisors, LLC | $41,597,334 | 299,068 | 0.25% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $40,749,754 | 292,974 | 0.24% | Shares |
| BANK OF AMERICA CORP /DE/ | $40,100,759 | 288,308 | 0.24% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $40,003,814 | 287,611 | 0.24% | Shares |
| California Public Employees Retirement System | $39,198,761 | 281,823 | 0.23% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $39,131,720 | 281,341 | 0.23% | Shares |
| Legal & General Group Plc | $38,706,383 | 278,283 | 0.23% | Shares |
| Man Group plc | $38,604,569 | 277,551 | 0.23% | Shares |
| Holocene Advisors, LP | $38,306,360 | 275,407 | 0.23% | Shares |
| FIRST TRUST ADVISORS LP | $37,149,023 | 267,086 | 0.22% | Shares |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | $36,668,714 | 263,633 | 0.22% | Shares |
| CAMBIAR INVESTORS LLC | $35,671,717 | 256,465 | 0.21% | Shares |
| WOLVERINE TRADING, LLC | $34,881,732 | 255,600 | 0.21% | Put option |
| Point72 Asset Management, L.P. | $34,466,502 | 247,800 | 0.21% | Call option |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $34,381,935 | 247,192 | 0.20% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $32,614,101 | 234,482 | 0.19% | Shares |
| Diamond Hill Capital Management, LLC (Investment Advisor) | $31,581,914 | 227,061 | 0.19% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $31,040,236 | 223,167 | 0.18% | Shares |
| BARCLAYS PLC | $30,601,331 | 220,011 | 0.18% | Shares |
| CITIGROUP INC | $30,599,800 | 220,000 | 0.18% | Put option |
| Night Squared LP | $29,762,478 | 213,980 | 0.18% | Shares |
| AMERICAN CENTURY COMPANIES INC | $29,055,205 | 208,895 | 0.17% | Shares |
| Schonfeld Strategic Advisors LLC | $28,379,366 | 204,036 | 0.17% | Shares |
| Hook Mill Capital Partners, LP | $28,006,884 | 201,358 | 0.17% | Shares |
| Framtiden Holdings Management Co LLC | $27,818,000 | 165,000 | 0.17% | Shares |
| Empyrean Capital Partners, LP | $25,216,739 | 181,298 | 0.15% | Shares |
| Walleye Trading LLC | $23,853,935 | 171,500 | 0.14% | Call option |
| Cable Car Capital, LP | $23,659,209 | 170,100 | 0.14% | Shares |
| SCOPUS ASSET MANAGEMENT, L.P. | $23,436,665 | 168,500 | 0.14% | Shares |
| CITIGROUP INC | $22,435,217 | 161,300 | 0.13% | Call option |
| Squarepoint Ops LLC | $22,355,658 | 160,728 | 0.13% | Shares |
| Capital International, Inc./CA/ | $22,290,285 | 160,258 | 0.13% | Shares |
| EDMOND DE ROTHSCHILD HOLDING S.A. | $22,254,400 | 160,000 | 0.13% | Shares |
| EP Wealth Advisors, LLC | $22,233,600 | 159,850 | 0.13% | Shares |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | $22,142,530 | 159,196 | 0.13% | Shares |
| RAYMOND JAMES FINANCIAL INC | $22,035,939 | 158,429 | 0.13% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $22,029,631 | 158,384 | 0.13% | Shares |
| Junto Capital Management LP | $21,683,296 | 155,894 | 0.13% | Shares |
| National Pension Service | $21,231,254 | 152,644 | 0.13% | Shares |
| Ceredex Value Advisors LLC | $19,750,780 | 142,000 | 0.12% | Shares |
| CORDA Investment Management, LLC. | $19,611,551 | 140,999 | 0.12% | Shares |
| Gotham Asset Management, LLC | $19,505,286 | 140,235 | 0.12% | Shares |
| AEGON ASSET MANAGEMENT UK Plc | $19,123,623 | 137,491 | 0.11% | Shares |
| CAPITAL INTERNATIONAL SARL | $18,866,168 | 135,640 | 0.11% | Shares |
| UBS Group AG | $17,813,813 | 128,074 | 0.11% | Shares |
| Point72 Asset Management, L.P. | $17,747,884 | 127,600 | 0.11% | Put option |
| Weiss Asset Management LP | $17,721,874 | 127,413 | 0.11% | Shares |
| LPL Financial LLC | $17,687,032 | 127,162 | 0.11% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $17,374,288 | 124,914 | 0.10% | Shares |
| AIA Group Ltd | $17,056,189 | 122,627 | 0.10% | Shares |
| HARRIS ASSOCIATES L P | $17,010,707 | 122,300 | 0.10% | Shares |
| Toroso Investments, LLC | $16,814,013 | 121,876 | 0.10% | Shares |
| Toroso Investments, LLC | $16,803,528 | 121,800 | 0.10% | Call option |
| SCS Capital Management LLC | $16,687,528 | 119,976 | 0.10% | Shares |
| DAVIDSON INVESTMENT ADVISORS | $16,076,602 | 115,584 | 0.10% | Shares |
| COERENTE CAPITAL MANAGEMENT | $15,580,722 | 112,019 | 0.09% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $15,491,427 | 111,377 | 0.09% | Shares |
Company insiders 72 insiders · 23 officers · 25 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Nicholas I. Fink | President & CEO | July 10, 2026 M | 3,476 | 0 | 0 | $0 |
| William A Newlands | President & CEO | May 1, 2025 M | 15,102 | 0 | 0 | $0 |
| Jon Moramarco | CEO, Constell. International | June 30, 2009 D | 71,255 | 0 | 0 | $0 |
| Alexander Berk | CEO, Constell. Beers & Spirits | May 31, 2009 D | 60,278 | 0 | 0 | $0 |
| Jose F Fernandez | CEO, Constell Wines N. Amer. | April 6, 2009 A | 62,409 | 0 | 0 | $0 |
| Stephen Brian Millar | CEO, Constellation Wines | Aug. 4, 2005 M | 2,296 | 0 | 0 | $0 |
| Garth Hankinson | EVP & CFO | July 15, 2025 A | 13,799 | 0 | 0 | $0 |
| David Eric Klein | Exec Vice Pres. & CFO | Jan. 9, 2020 C | 45,356 | 0 | 0 | $0 |
| Robert P Ryder | Executive VP & CFO | May 1, 2015 M | 89,381 | 0 | 0 | $0 |
| Thomas S Summer | Executive VP & CFO | April 18, 2007 A | 0 | 0 | 0 | $0 |
| James O. Bourdeau | EVP & Chief Legal Officer | July 21, 2025 S | 9,438 | 0 | 0 | $0 |
| Samuel J Glaetzer | EVP & Pres. Wine and Spirits | May 13, 2025 S | 3,126 | 0 | 0 | $0 |
| Michael Mcgrew | EVP, Chief Com, CSR, Incl Off | May 1, 2025 M | 2,549 | 0 | 0 | $0 |
| Mallika Monteiro | EVP, MD, Beer & Interim CGSO | May 1, 2025 M | 6,526 | 0 | 0 | $0 |
| James A. Sabia Jr. | EVP & Pres. Beer | May 1, 2025 M | 17,787 | 0 | 0 | $0 |
| Paula Kristine Erickson | EVP & Chief HR Officer | April 25, 2025 A | — | 0 | 0 | $0 |
| Kaneenat Kristann Carey | EVP & Chief HR Officer | Nov. 13, 2024 S | 2,391 | 0 | 0 | $0 |
| Yuri Hermida | EVP, Chief Growth & Strategy | Oct. 7, 2024 A | — | 0 | 0 | $0 |
| Robert Lee Hanson | EVP & Pres. Wine and Spirits | Jan. 18, 2024 G | 11,716 | 0 | 0 | $0 |
| Thomas Michael Kane | EVP & Chief HR Officer | May 1, 2022 M | 5,984 | 0 | 0 | $0 |
| Paul F Hetterich | EVP & Chair Beer | April 5, 2022 A | 57,845 | 0 | 0 | $0 |
| John A Wright | Exec. Vice President | May 10, 2016 M | 107,280 | 0 | 0 | $0 |
| Keith W Wilson | Executive Vice President | June 14, 2013 M | 26,760 | 0 | 0 | $0 |
| Edith Morgan Flatley | Director | July 22, 2026 A | 187 | 0 | 0 | $0 |
| Garza Jose Manuel Madero | Director | July 22, 2026 A | 2,882 | 0 | 0 | $0 |
| Christy Clark | Director | July 22, 2026 A | 3,922 | 0 | 0 | $0 |
| Luca Zaramella | Director | July 22, 2026 A | 1,617 | 0 | 0 | $0 |
| Ernesto M Hernandez | Director | July 22, 2026 A | 3,681 | 0 | 0 | $0 |
| Jennifer Daniels | Director | July 22, 2026 A | 4,505 | 0 | 0 | $0 |
| Christopher J Baldwin | Director | July 22, 2026 A | 3,825 | 0 | 0 | $0 |
| Robert Sands | Director | July 22, 2026 A | 9,714 | 0 | 0 | $0 |
| Richard Sands | Director | July 22, 2026 A | 1,114 | 0 | 0 | $0 |
| William T Giles | Director | July 22, 2026 A | 3,080 | 0 | 0 | $0 |
| Daniel J Mccarthy | Director | July 22, 2026 A | 4,849 | 0 | 0 | $0 |
| Judy Schmeling | Director | July 17, 2024 A | 6,285 | 0 | 0 | $0 |
| Susan S Johnson | Director | July 21, 2023 A | 2,988 | 0 | 0 | $0 |
| Jeremy S G Fowden | Director | July 10, 2023 M | 19,480 | 0 | 0 | $0 |
| James A Locke III | Director | July 10, 2023 M | 469 | 0 | 0 | $0 |
| Frederic Cumenal | Director | July 20, 2016 A | 511 | 0 | 0 | $0 |
| Jeananne K Hauswald | Director | May 20, 2015 M | 16,808 | 0 | 0 | $0 |
| Mark Zupan | Director | July 23, 2014 A | 21,407 | 0 | 0 | $0 |
| Paul L Smith | Director | July 24, 2013 A | 14,487 | 0 | 0 | $0 |
| Peter M Perez | Director | Jan. 19, 2010 D | 3,631 | 0 | 0 | $0 |
| Peter H Soderberg | Director | July 23, 2009 A | 9,670 | 0 | 0 | $0 |
| Thomas C Mcdermott | Director | July 17, 2008 A | 17,541 | 0 | 0 | $0 |
| George Bresler | Director | July 28, 2005 A | 5,368 | 0 | 0 | $0 |
| RSS 2015 BUSINESS MANAGEMENT LLC | 10% owner | Nov. 22, 2016 J | — | 0 | 0 | $0 |
| RHT 2015 BUSINESS MANAGEMENT LLC | 10% owner | Nov. 22, 2016 J | — | 0 | 0 | $0 |
| RCT 2015 BUSINESS MANAGEMENT LLC | 10% owner | Nov. 22, 2016 J | — | 0 | 0 | $0 |
| RSS Business Management LLC | 10% owner | Nov. 22, 2016 J | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 6 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Richard Sands, Robert Sands, Abigail Bennett, Zachary Stern, Astra Legacy LLC, AJB Business Holdings LP, ZMSS Business Holdings LP, RSS 2015 Business Holdings LP, RES Master LLC, RSS Master LLC, RCT 2020 Investments LLC, WildStar Partners LLC, RES Business Holdings LP, SER Business Holdings LP, RHT 2015 Business Holdings LP, RSS Business Holdings LP, SSR Business Holdings LP, RCT 2015 Business Holdings LP, MAS Business Holdings LP, NSDT 2009 STZ LLC, NSDT 2011 STZ LLC, RSS Business Management LLC, SSR Business Management LLC, LES Lauren Holdings LLC, MES Mackenzie Holdings LLC, Sands Family Foundation ×12 filings | May 12, 2023 | — | Initial filing | — | SEC |
| Constellation Brands, Inc. ×12 filings | Dec. 20, 2004 | — | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Oct. 18, 2001 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Oct. 18, 2001 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Sept. 7, 2001 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | April 20, 2001 | — | Initial filing | M&A / sale | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 182 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FTXG · First Trust Exchange-Traded Fund VI | 3.75% | 6,294 NS | June 30, 2026 | N-PORT |
| STNC · Hennessy Funds Trust | 3.10% | 18,167 NS | April 30, 2026 | N-PORT |
| OMAH · Tidal Trust III | 2.90% | 138,596 NS | April 30, 2026 | N-PORT |
| RSPS · Invesco Exchange-Traded Fund Trust | 2.69% | 50,516 SH | Aug. 21, 2026 | Daily |
| CAMX · ADVISORS' INNER CIRCLE FUND | 2.61% | 11,000 NS | April 30, 2026 | N-PORT |
| CVRD · Madison ETFs Trust | 2.52% | 5,800 NS | June 30, 2026 | N-PORT |
| MVFD · Northern Lights Fund Trust IV | 2.30% | 17,992 NS | May 31, 2026 | N-PORT |
| QDIV · Global X Funds | 1.67% | 3,946 NS | May 31, 2026 | N-PORT |
| QLTY · GMO ETF Trust | 1.53% | 498,171 NS | May 31, 2026 | N-PORT |
| DIVD · EA Series Trust | 1.19% | 1,325 NS | April 30, 2026 | N-PORT |
| SPGP · Invesco Exchange-Traded Fund Trust | 0.97% | 164,623 SH | Aug. 21, 2026 | Daily |
| LGRO · ALPS ETF Trust | 0.91% | 8,808 NS | May 31, 2026 | N-PORT |
| CGVV · Capital Group Equity ETF Trust I | 0.88% | 8,720 NS | May 31, 2026 | N-PORT |
| FSTA · FIDELITY COVINGTON TRUST | 0.87% | 80,160 NS | April 30, 2026 | N-PORT |
| FXG · First Trust Exchange-Traded AlphaDE… | 0.85% | 13,306 NS | April 30, 2026 | N-PORT |
| IYK · iShares Trust | 0.84% | 88,689 SH | Aug. 21, 2026 | Daily |
| VDC · VANGUARD WORLD FUND | 0.79% | 525,665 SH | Aug. 19, 2026 | Daily |
| UGE · ProShares Trust | 0.71% | 598 NS | May 31, 2026 | N-PORT |
| GXPS · Global X Funds | 0.69% | 2,964 NS | May 31, 2026 | N-PORT |
| COWZ · Pacer Funds Trust | 0.63% | 727,466 NS | April 30, 2026 | N-PORT |
| QQWZ · Pacer Funds Trust | 0.62% | 1,848 NS | April 30, 2026 | N-PORT |
| LQAI · Exchange Listed Funds Trust | 0.59% | 79 NS | April 30, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.55% | 24,791 NS | May 31, 2026 | N-PORT |
| ABCS · EA Series Trust | 0.52% | 428 NS | May 29, 2026 | N-PORT |
| KXI · iShares Trust | 0.49% | 39,729 SH | Aug. 21, 2026 | Daily |
| EBI · RBB Fund Trust | 0.47% | 21,993 NS | May 31, 2026 | N-PORT |
| SIXL · EXCHANGE TRADED CONCEPTS TRUST | 0.41% | 5,538 NS | May 31, 2026 | N-PORT |
| AKAF · ETF Series Solutions | 0.40% | 84 NS | May 31, 2026 | N-PORT |
| FVD · First Trust Exchange-Traded Fund | 0.38% | 221,489 NS | June 30, 2026 | N-PORT |
| FBCV · FIDELITY COVINGTON TRUST | 0.37% | 3,809 NS | April 30, 2026 | N-PORT |
| VOE · VANGUARD INDEX FUNDS | 0.35% | 940,087 SH | Aug. 19, 2026 | Daily |
| SPXD · DBX ETF Trust | 0.33% | 161 NS | May 31, 2026 | N-PORT |
| HWSM · HOTCHKIS & WILEY FUNDS /DE/ | 0.33% | 65 NS | June 30, 2026 | N-PORT |
| CAPE · DoubleLine ETF Trust | 0.32% | 5,512 NS | June 30, 2026 | N-PORT |
| QUVU · Hartford Funds Exchange-Traded Trust | 0.30% | 3,329 NS | April 30, 2026 | N-PORT |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.29% | 8,019,000 | Aug. 21, 2026 | Daily |
| IMCV · iShares Trust | 0.27% | 23,933 SH | Aug. 21, 2026 | Daily |
| EQIN · Columbia ETF Trust I | 0.26% | 4,590 NS | April 30, 2026 | N-PORT |
| HDV · iShares Trust | 0.25% | 286,492 SH | Aug. 21, 2026 | Daily |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.25% | 11,320,000 | Aug. 21, 2026 | Daily |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.22% | 166 NS | May 31, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.21% | 6,045 NS | May 31, 2026 | N-PORT |
| REVS · Columbia ETF Trust I | 0.20% | 3,713 NS | April 30, 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.20% | 76,834 NS | April 30, 2026 | N-PORT |
| AVLV · AMERICAN CENTURY ETF TRUST | 0.20% | 188,797 NS | May 31, 2026 | N-PORT |
| DFVE · DoubleLine ETF Trust | 0.20% | 472 NS | June 30, 2026 | N-PORT |
| VO · VANGUARD INDEX FUNDS | 0.20% | 3,171,503 SH | Aug. 19, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.18% | 235,000 | Aug. 21, 2026 | Daily |
| GSEW · Goldman Sachs ETF Trust | 0.18% | 22,912 NS | May 31, 2026 | N-PORT |
| RSP · Invesco Exchange-Traded Fund Trust | 0.18% | 1,312,750 SH | Aug. 21, 2026 | Daily |