Constellation Brands Inc
STZ Consumer Defensive Beverages Brewers
Constellation Brands Inc’s revenue for fiscal 2026 (year ended February 2026) was $9.1 billion, down 10.5% from fiscal 2025. In the quarter to August 2026, revenue grew 6.13%, EPS grew 28.9%, free cash flow fell 3.25% and total debt fell 2.17%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
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Constellation Brands Inc (STZ) Altman Z-score
Constellation Brands Inc's Altman Z-score for fiscal 2026 is 2.94, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 2.94 | 0.30 |
| FY2025 | 2.64 | (0.66) |
| FY2024 | 3.30 | 0.19 |
| FY2023 | 3.11 | (0.13) |
| FY2022 | 3.24 | (0.16) |
| FY2021 | 3.40 | 0.75 |
| FY2020 | 2.65 | 0.22 |
| FY2019 | 2.43 | (1.02) |
| FY2018 | 3.45 | 0.43 |
| FY2017 | 3.02 | 0.12 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.01 | — | 0.01 | |
| Retained earnings / total assets | 0.62 | — | 0.87 | |
| EBIT / total assets | 0.12 | — | 0.41 | |
| Market value of equity / total liabilities | 2.05 | — | 1.23 | |
| Sales / total assets | 0.42 | — | 0.42 | |
| Altman Z-score | Grey zone | 2.94 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.57 | ||
Z and Z″ put Constellation Brands Inc in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| SAM The Boston Beer Company, Inc. compare | 6.1× |
| ABEV Ambev S.A. compare | 3.9× |
| STZ Constellation Brands Inc | 2.9× |
| FMX Fomento Economico Mexicano S.A.B. de C.V. compare | 2.8× |
| CCU Compania Cervecerias Unidas, S.A. compare | 2.2× |
| BUD Anheuser-Busch InBev SA/NV compare | 1.4× |
| TAP Molson Coors Beverage Company compare | 0.8× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on STZ
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement