Constellation Brands (STZ) 10-K Summaries & Annual Filing History
Review Constellation Brands, Inc. (STZ) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Feb 28, 2026 · FY2026 10-K
This is the annual report of Constellation Brands for the most recent fiscal year. It details financial performance, risk factors, and management's analysis.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$9.1B
Revenue reported for the fiscal year.
Operating income
$2.7B
Income from operations reported for the year.
Net income
$1.7B
Net income reported for the year.
Operating cash flow
$2.7B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Feb 28, 2023 | $9.5B | +7.2% |
| Feb 29, 2024 | $10B | +5.4% |
| Feb 28, 2025 | $10.2B | +2.5% |
| Feb 28, 2026 | $9.1B | -10.5% |
Business overview
The filing's Business overview section does not provide a narrative description; it merely lists item numbers. However, the risk factors and management discussion indicate the company operates in a consumer goods industry affected by economic conditions and trade policies.
Financial performance
Revenue declined compared to the prior year, while operating income and net income remained significant. Operating cash flow was robust.
Material risks
Key risks include a challenging consumer environment with reduced discretionary spending, changes in trade and tariff policies, geopolitical tensions, supply chain disruptions, and adverse weather events.
Liquidity and capital
The company emphasizes its ability to generate consistent cash flow, manage debt, and return capital to shareholders through share repurchases and dividends.
What to watch
The impact of ongoing trade policy changes on the company's supply chain and costs should be monitored in the next filing.