Constellation Brands (STZ) 10-K Summary — Year Ended Feb 28, 2025

Constellation Brands filed its annual report for the most recent fiscal year. The filing shows revenue growth, a net loss, and strong cash flow, while highlighting risks from trade policies and consumer demand.

Key takeaway

Year ended Feb 28, 2025 · FY2026 10-K

Financial snapshot

Selected annual figures reported with the filing, shown separately from the narrative summary.

Annual revenue

$10.2B

Revenue reported for the fiscal year.

Operating income

$354.9M

Income from operations reported for the year.

Net income

-$81.4M

Net income reported for the year.

Operating cash flow

$3.2B

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, 2022	$8.8B	n/a
Feb 28, 2023	$9.5B	+7.2%
Feb 29, 2024	$10B	+5.4%
Feb 28, 2025	$10.2B	+2.5%

Business overview

The supplied filing sections do not include a detailed description of the company's business operations.

Financial performance

The company reported higher revenue compared to the prior year, with operating income positive and net income negative. Operating cash flow remained strong. Revenue has grown over the most recent periods shown.

Material risks

The filing discusses risks including shifts in consumer demand and spending, potential changes to trade and tariff policies particularly on imports from Mexico and other regions, and severe weather events. Broader economic conditions and geopolitical events are also noted as risk factors.

Liquidity and capital

The company highlights its ability to generate robust cash flow and access debt markets. Capital allocation themes include share repurchases and dividend payments, as referenced in the filing.

What to watch

Changes in U.S. trade and tariff policies affecting imports from Mexico and other countries should be monitored in the next filing.