Constellation BRANDS, Inc. (STZ) intrinsic value & 10-year financials
Constellation BRANDS, Inc. (STZ) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 2.5% a year to $9.1B, with an average return on invested capital of 8.4%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $131.35
- Revenue (FY2026)
- $9.1B
- Revenue growth (10-yr CAGR)
- 2.5%
- ROIC (10-yr avg)
- 8.4%
- Free cash flow (FY2026)
- $1.8B
STZ 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $9.1B | $1.7B | — | $1.8B | 29.8% | 10.8% |
| FY2025 | $10.2B | -$81.4M | — | $1.9B | 3.5% | 1.1% |
| FY2024 | $10.0B | $1.7B | — | $1.5B | 31.8% | 12.0% |
| FY2023 | $9.5B | -$71.0M | — | $1.7B | 30.1% | 6.8% |
| FY2022 | $8.8B | -$40.4M | — | $1.7B | 26.4% | 5.1% |
| FY2021 | $8.6B | $2.0B | — | $1.9B | 32.4% | 9.2% |
| FY2020 | $8.3B | -$11.8M | — | $1.8B | 25.8% | 4.3% |
| FY2019 | $8.1B | $3.4B | — | $1.4B | 29.7% | 9.4% |
| FY2018 | $7.6B | $2.3B | — | $873.8M | 30.1% | 13.9% |
| FY2017 | $7.3B | $1.5B | — | $788.6M | 32.8% | 11.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Constellation Brands has demonstrated mature, steady growth, with revenue compounding at 2.5% annually over the past decade.
Constellation Brands returns on capital have been average, hovering around 8.4% ROIC over the decade.
Constellation Brands has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Constellation Brands is modeled at 2.5% normalized earnings growth with a 5.1% bond-yield adjustment.