STZ Constellation Brands margins

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Relative Growth: Rel. Growth: 53
Relative Strength: Rel. Strength: 26
Relative Valuation: Rel. Valuation: 92
Relative Profitability: Rel. Profitability: 95
Gross margin
52.6%
Operating margin
31.9%
EBITDA margin
36.7%
Net margin
20.1%

Currently, Constellation Brands has a gross margin of 52.6%, an operating margin of 31.9%, an EBITDA margin of 36.7%, and a net margin of 20.1%. The company's available margins all improved, with operating margin showing the strongest expansion of 33.3 percentage points.

STZ margin history

Gross, operating, EBITDA and net margin trends

Constellation Brands's margins averaged 51.45% gross, 20.02% operating, 24.64% EBITDA, and 11.63% net over the last 3 years. Compared with their three-year averages, all four current margins are higher.

STZ margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 1.1 percentage points, operating margin by 33.3 percentage points, EBITDA margin by 31.5 percentage points, and net margin by 24.5 percentage points, led by operating margin with an increase of 33.3 percentage points.

Gross margin expansion
1.1pp
Operating margin expansion
33.3pp
EBITDA margin expansion
31.5pp
Net margin expansion
24.5pp

STZ Gross margin

Over the last 3 years, the average gross margin for Constellation Brands was 51.45%. Against its three-year average, Constellation Brands's gross margin is currently 52.6%, 1.2 percentage points above its three-year average. Constellation Brands's gross margin ranged from a low of 50.3% in Nov 2023 to a high of 52.6% in May 2026.

STZ Operating margin

Constellation Brands's operating margin averaged 20.02% over the last 3 years. Compared with its three-year average, Constellation Brands's current operating margin is 31.9% and is 11.9 percentage points above its three-year average. Over the last 3 years, Constellation Brands's operating margin peaked at 33.3% in May 2024 and reached a low of -1.4% in May 2025.

STZ EBITDA margin

Reviewing the last 3 years, Constellation Brands recorded an average EBITDA margin of 24.64%. Constellation Brands's current EBITDA margin is 36.7% and is 12.1 percentage points above its three-year average. The highest EBITDA margin for Constellation Brands was 37.7% in May 2024, while the lowest was 5.2% in May 2025.

STZ Net margin

Over the last 3 years, the average net margin for Constellation Brands was 11.63%. The latest net margin for Constellation Brands is 20.1%, 8.5 percentage points above its three-year average. Constellation Brands's net margin ranged from a low of -4.4% in May 2025 to a high of 24.4% in May 2024.

STZ margin group comparison

Margins compared with peer-group, industry and sector averages

Constellation Brands's gross margin of 52.6% is higher than the Consumer Defensive sector, the industry and its peers average. In comparison with the Consumer Defensive sector average of 36.6%, Constellation Brands's gross margin is 44% higher.

STZ margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Constellation Brands's gross margin?

As of May 31, 2026, STZ has a gross margin of 52.6%.

What is Constellation Brands's operating margin?

For the period ending May 31, 2026, STZ recorded an operating margin of 31.9%.

What is Constellation Brands's EBITDA margin?

The current EBITDA margin for STZ is 36.7% as of May 31, 2026.

What is Constellation Brands's net margin?

The current net margin for STZ is 20.1% as of May 31, 2026.

What are the average margins of STZ?

Constellation Brands's average margins over the last 3 years were 51.5% gross, 20.0% operating, 24.6% EBITDA, and 11.6% net.

What are the highest historical margins of STZ?

Over this 5-year history, STZ peaked at 53.4% gross in Feb 2022, 33.6% operating in May 2022, 37.7% EBITDA in May 2024, and 24.4% net in May 2024.

What are the lowest historical margins of STZ?

In the last 5 years, the lowest margins reported by STZ were 49.7% gross in May 2023, -1.4% operating in May 2025, 5.2% EBITDA in May 2025, and -4.4% net in May 2025.