CONSTELLATION BRANDS, INC（STZ）の決算・業績分析
CONSTELLATION BRANDS, INCの2025年有価証券報告書をAI分析。売上高$10.2B(+2.5%)。営業利益$355M。Consumer Staples。
目次
CONSTELLATION BRANDS, INCの2025年度 業績サマリー
CONSTELLATION BRANDS, INC（証券コード: STZ）の2025年度決算・業績分析。売上高は$10.2B（前年比+2.5%）。営業利益は$355M（前年比-88.8%）。純利益は-$81M（前年比-104.7%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
CONSTELLATION BRANDS, INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Net loss of $40M (-102.0% YoY) in FY2024, despite revenue growth of 2.4% to $8.8B (XBRL).
- Operating income declined 16.5% YoY to $2.3B, with net debt at $11.2B (4.2x EBITDA) (XBRL).
- Share repurchases of $1.4B offset $573M in dividends, but payout ratio reached -1418.3% (XBRL).
CONSTELLATION BRANDS, INCの売上高変化の要因
- •Revenue grew 2.4% YoY to $8.8B, but lagged the 5-year CAGR of 4.5% (XBRL). Historical data shows steady growth from $7.6B (FY2020) to $8.8B (FY2024), though FY2023–2024 growth slowed to 2.4% (XBRL). Segment-specific revenue details are not disclosed in the provided data (10-K).
CONSTELLATION BRANDS, INCの営業利益変化の要因
- •Gross margin remained stable at 53.4% (XBRL), but operating margin fell to 26.4% (-16.5% YoY) and net margin turned negative at -0.5% (-102.0% YoY) (XBRL). EBITDA of $2.7B (30.3% margin) reflects resilience despite declining operating income (XBRL).
CONSTELLATION BRANDS, INCの事業リスクと対応
Water scarcity and supply chain disruptions threaten production costs and supply (10-K).
Reliance on limited glass bottle suppliers risks shortages and cost increases (10-K).
Inflation and supply chain disruptions impact raw material prices and availability (10-K).
Cybersecurity and IT system vulnerabilities could disrupt operations (10-K).
Geopolitical events and military conflicts may disrupt global supply chains (10-K).
CONSTELLATION BRANDS, INCの事業内容
Constellation Brands operates in the beverage alcohol industry, focusing on high-end imported beer and higher-end wine and spirits (10-K). Revenue is generated through domestic wholesale distributors, exports, and sales via state alcohol control agencies, on-premise channels, retail locations, and e-commerce (10-K). Key segments include Beer, Wine and Spirits, and Corporate Operations and Other (10-K). No significant customer concentration is reported, with U.S. wholesale distributors as primary clients (10-K). Competitive advantages are highlighted as a 'powerful portfolio of consumer-connected, high-end imported beer brands' and 'higher-end wine and spirits brands' (10-K).
CONSTELLATION BRANDS, INCのAI業績分析レポート（2024年度）
Constellation Brands, Inc. (STZ) FY2024 Annual Report Analysis
Highlights
Business Overview
Constellation Brands operates in the beverage alcohol industry, focusing on high-end imported beer and higher-end wine and spirits (10-K). Revenue is generated through domestic wholesale distributors, exports, and sales via state alcohol control agencies, on-premise channels, retail locations, and e-commerce (10-K). Key segments include Beer, Wine and Spirits, and Corporate Operations and Other (10-K). No significant customer concentration is reported, with U.S. wholesale distributors as primary clients (10-K). Competitive advantages are highlighted as a 'powerful portfolio of consumer-connected, high-end imported beer brands' and 'higher-end wine and spirits brands' (10-K).
Revenue Analysis
Revenue grew 2.4% YoY to $8.8B, but lagged the 5-year CAGR of 4.5% (XBRL). Historical data shows steady growth from $7.6B (FY2020) to $8.8B (FY2024), though FY2023–2024 growth slowed to 2.4% (XBRL). Segment-specific revenue details are not disclosed in the provided data (10-K).
Profitability Analysis
Gross margin remained stable at 53.4% (XBRL), but operating margin fell to 26.4% (-16.5% YoY) and net margin turned negative at -0.5% (-102.0% YoY) (XBRL). EBITDA of $2.7B (30.3% margin) reflects resilience despite declining operating income (XBRL).
Balance Sheet Analysis
Equity ratio declined to 34.1%, with total equity falling from $12.6B (FY2020) to $8.4B (FY2024) (XBRL). Total assets decreased from $29.2B (FY2020) to $24.7B (FY2024) (XBRL). Net debt of $11.2B (4.2x EBITDA) highlights leverage risks (XBRL). Current ratio of 1.18x indicates moderate liquidity (XBRL).
Cash Flow Analysis
Operating cash flow of $2.7B supported $1.7B free cash flow (FCF) after $1.0B in CapEx (XBRL). Financing activities included $573M in dividends and $1.4B in share repurchases (XBRL).
Working Capital Analysis
N/A
Risks
Outlook
N/A
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 7.6B | 8.1B | 8.3B | 8.6B | 8.8B | 9.5B |
| Operating Income | 2.3B | 2.4B | 2.2B | 2.8B | 2.3B | 2.8B |
| Net Income | 2.3B | 3.4B | -12M | 2.0B | -40M | -71M |
| Total Assets | 29.2B | 27.3B | 27.1B | 25.9B | 24.7B | 25.7B |
| Total Equity | 12.6B | 12.1B | 13.6B | 11.7B | 8.4B | 9.7B |
| Operating Cash Flow | 1.9B | 2.2B | 2.6B | 2.8B | 2.7B | 2.8B |
Consumer Staplesの企業一覧
CONSTELLATION BRANDS, INCと同じ「Consumer Staples」セクターの企業