Constellation Brands (STZ) FY2025 results: revenue $10.2 billion, up 2.5% on the year
Constellation Brands, Inc. (STZ) reported revenue of $10.2 billion for fiscal 2025, the year ended 28 February 2025, up 2.5% on the year before. Net income was -$81 million, and diluted earnings per share $-0.45. The figures are the company's own, from the 10-K it filed with the SEC on 23 April 2025.
Revenue
$10.2 billion
+2.5% on the year
FY2018FY2025
Operating margin
3.5%
31.8% a year earlier
FY2018FY2025
Net income
-$81 million
FY2018FY2025
Diluted EPS
-$0.45
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
3,152
2,780
2,757
+13.4%
Capital expenditure
1,214
1,269
1,035
-4.3%
Free cash flow
1,938
1,511
1,722
+28.3%
Free cash flow margin
19.0%
15.2%
18.2%
Cash from investing
-975
-1,286
-999
Cash from financing
-2,262
-1,475
-1,820
Depreciation and amortisation
447
429
387
+4.1%
Share-based compensation
72.2
63.6
68.5
+13.5%
Buybacks
1,124
250
1,700
+350.1%
Dividends paid
732
654
588
+11.9%
Diluted shares, weighted
181m
184m
n/a
-1.3%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
6,882
9,743
8,414
-29.4%
Non-controlling interest
253
322
320
-21.4%
Debt
11,498
11,879
12,461
-3.2%
Operating lease liabilities
539
589
417
-8.4%
Finance lease liabilities
4.6
10.3
16.7
-55.3%
Other liabilities
2,476
3,149
3,033
-21.4%
Total liabilities and equity
21,652
25,692
24,662
-15.7%
Fixed assets
7,410
8,055
6,865
-8.0%
Goodwill
5,127
7,980
7,925
-35.8%
Intangible assets
2,532
2,732
2,728
-7.3%
Investments
60.3
73.0
93.2
-17.4%
Cash and equivalents
68.1
152
134
-55.3%
Receivables
736
833
902
-11.6%
Inventory
1,437
2,078
1,899
-30.8%
Other assets
4,281
3,788
4,117
+13.0%
Total assets
21,652
25,692
24,662
-15.7%
10-K for the year ended 28 February 2025, filed 23 April 2025: the filing.