Constellation Brands (STZ) Stock Buyback History
TTM buyback yield 3.38% · Shareholder yield (TTM) 3.38%.
TTM buyback yield
3.38%
Shareholder yield (TTM)
3.38%
5Y share count change
-10.1%
TTM buyback spend
$926.40M
SBC coverage (TTM)
15.16x
YoY change in spend
-17.8%
5Y CAGR of spend
N/A
Peak year (2023)
$3.20B
Cumulative spend
$11.42B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Constellation Brands (STZ) repurchased about $926.40M of stock over the trailing twelve months.
- Diluted share count is down 10.1% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 15.16× — repurchases more than cover SBC dilution.
- TTM repurchases used about 86% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2026 | $924.10M | $0.00 | $924.10M | 0.18B | -3.3% | 3.37% |
| 2025 | $1.12B | $72.20M | $1.05B | 0.18B | -1.3% | 3.56% |
| 2024 | $249.70M | $63.60M | $186.10M | 0.18B | -4.5% | 0.55% |
| 2023 | $3.20B | $68.50M | $3.13B | 0.19B | 1.1% | 7.78% |
| 2022 | $1.39B | $44.90M | $1.35B | 0.19B | -2.5% | 3.01% |
| 2021 | $0.00 | $63.00M | −$63.00M | 0.20B | 3.2% | — |
| 2020 | $50.00M | $60.40M | −$10.40M | 0.19B | -3.2% | 0.15% |
| 2019 | $504.30M | $64.10M | $440.20M | 0.20B | -2.6% | 1.56% |
| 2018 | $1.04B | $60.90M | $977.60M | 0.20B | -1.6% | 2.49% |
| 2017 | $1.12B | $56.10M | $1.07B | 0.20B | 0.1% | 3.62% |
| 2016 | $33.80M | $54.00M | −$20.20M | 0.20B | 1.3% | 0.12% |
| 2015 | $0.00 | $55.00M | −$55.00M | 0.20B | 1.8% | — |
| 2014 | $0.00 | $49.90M | −$49.90M | 0.20B | 3.8% | — |
| 2013 | $383.00M | $40.80M | $342.20M | 0.19B | -8.8% | 4.74% |
| 2012 | $413.70M | $47.60M | $366.10M | 0.21B | -2.4% | 11.67% |
| 2011 | $300.00M | $46.00M | $254.00M | 0.21B | -12.7% | 7.89% |
| 2010 | $0.00 | $56.30M | −$56.30M | 0.24B | 12.5% | — |
| 2009 | $0.00 | $46.10M | −$46.10M | 0.22B | -0.6% | — |
| 2008 | $500.00M | $32.00M | $468.00M | 0.22B | -8.7% | 12.06% |
| 2007 | $100.00M | $16.50M | $83.50M | 0.24B | 0.4% | 2.07% |
| 2006 | $0.00 | $7.52M | −$7.52M | 0.24B | 2.4% | — |
| 2005 | $0.00 | $109.00K | −$109.00K | 0.23B | 9.0% | — |
| 2004 | $0.00 | $0.00 | $0.00 | 0.21B | 15.3% | — |
| 2003 | $0.00 | $0.00 | $0.00 | 0.19B | 5.6% | — |
| 2002 | $0.00 | $0.00 | $0.00 | 0.18B | 17.5% | — |
| 2001 | $0.00 | $0.00 | $0.00 | 0.15B | 1.3% | — |
| 2000 | $0.00 | $0.00 | $0.00 | 0.15B | -1.7% | — |
| 1999 | $44.90M | $0.00 | $44.90M | 0.15B | -1.8% | — |
| 1998 | $9.20M | $0.00 | $9.20M | 0.15B | -2.0% | — |
| 1997 | $20.80M | $0.00 | $20.80M | 0.16B | — | — |
| 1996 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1992 | $2.90M | $0.00 | $2.90M | — | — | — |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1990 | $4.30M | $0.00 | $4.30M | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Constellation Brands (STZ) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Constellation Brands (STZ)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Constellation Brands (STZ)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2026 | $924.10M | -17.8% | -$199.70M | ||
| 2025 | $1.12B | +350.1% | +$874.10M | ||
| 2024 | $249.70M | -92.2% | -$2.95B | ||
| 2023 | $3.20B | +130.1% | +$1.81B | ||
| 2022 | $1.39B | — | +$1.39B | ||
| 2021 | $0 | -100.0% | -$50.00M | ||
| 2020 | $50.00M | -90.1% | -$454.30M | ||
| 2019 | $504.30M | -51.4% | -$534.20M | ||
| 2018 | $1.04B | -7.5% | -$84.20M | ||
| 2017 | $1.12B | +3221.6% | +$1.09B | ||
| 2016 | $33.80M | — | +$33.80M | ||
| 2015 | $0 | — | $0 | ||
| 2014 | $0 | -100.0% | -$383.00M | ||
| 2013 | $383.00M | -7.4% | -$30.70M | ||
| 2012 | $413.70M | +37.9% | +$113.70M | ||
| 2011 | $300.00M | — | +$300.00M | ||
| 2010 | $0 | — | $0 | ||
| 2009 | $0 | -100.0% | -$500.00M | ||
| 2008 | $500.00M | +400.0% | +$400.00M | ||
| 2007 | $100.00M | — | +$100.00M | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | — | $0 | ||
| 2003 | $0 | — | $0 | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | — | $0 | ||
| 2000 | $0 | -100.0% | -$44.90M | ||
| 1999 | $44.90M | +388.0% | +$35.70M | ||
| 1998 | $9.20M | -55.8% | -$11.60M | ||
| 1997 | $20.80M | — | +$20.80M | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | — | $0 | ||
| 1993 | $0 | -100.0% | -$2.90M | ||
| 1992 | $2.90M | — | +$2.90M | ||
| 1991 | $0 | -100.0% | -$4.30M | ||
| 1990 | $4.30M | — | — |
2026's annual buyback spend for Constellation Brands (STZ) came in at $924.10M – declined 17.8% year-over-year.
Constellation Brands buyback spend has recorded the values shown across consecutive periods, with a +39.2% compound annual growth rate over 2016–2026 (10 years).
Between 2023 and 2026, Constellation Brands buyback spend plunged 71.1%, falling from $3.20B to $924.10M.
$3.20B stands as the all-time-high annual buyback spend, posted in 2023, against a low of $0 during 1991.
Among 8 Consumer Defensive peers, Constellation Brands (STZ) ranks 5th; the peer median for buyback spend is $951.50M.
Constellation Brands Buyback Spend 2026: $924.10M
Constellation Brands buyback spend in 2026 was $924.10M, declined 17.8% below 2025.
Constellation Brands Buyback Spend 2025: $1.12B
Constellation Brands buyback spend in 2025 was $1.12B, surged 350.1% from 2024.
Constellation Brands Buyback Spend 2024: $249.70M
Constellation Brands buyback spend in 2024 was $249.70M, plunged 92.2% below 2023.
Constellation Brands Buyback Spend 2023: $3.20B
Constellation Brands buyback spend in 2023 was $3.20B, surged 130.1% from 2022. This figure represents the highest annual value in the available history.
Constellation Brands Buyback Spend 2022: $1.39B
Constellation Brands buyback spend in 2022 was $1.39B.
See more financial history for Constellation Brands (STZ).
Sector peers by buyback spend
Companies in the same sector as Constellation Brands, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Walmart (WMT) | $8.09B | Consumer Defensive |
| Procter & Gamble (PG) | $6.50B | Consumer Defensive |
| PepsiCo (PEP) | $1.00B | Consumer Defensive |
| Altria Group (MO) | $1.00B | Consumer Defensive |
| Costco (COST) | $903.00M | Consumer Defensive |
| Coca-Cola (KO) | $746.00M | Consumer Defensive |
| Monster Beverage (MNST) | $103.65M | Consumer Defensive |
| Philip Morris International (PM) | $0 | Consumer Defensive |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 15.16×.
Capital allocation mix
How Constellation Brands splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.08B (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Constellation Brands's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Constellation Brands buy back its own stock?
Yes, Constellation Brands (STZ) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Constellation Brands spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $926.40M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Constellation Brands's buyback yield?
TTM buyback yield is about 3.38% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Constellation Brands's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 3.38% combined (TTM-based where available).
Is Constellation Brands diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Constellation Brands's share count changed?
Diluted weighted average shares changed by about -10.1% over roughly five fiscal years (annual income statement data).
What is Constellation Brands's buyback spend?
Latest reported buyback spend for Constellation Brands (STZ) is $926.40M (period ending February 28, 2026).
How has Constellation Brands buyback spend changed year-over-year?
Constellation Brands (STZ) buyback spend changed -17.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Constellation Brands buyback spend?
Constellation Brands (STZ) buyback spend compound annual growth rate is +39.2% over the most recent 10 years available.
When did Constellation Brands buyback spend hit its highest annual value?
Constellation Brands buyback spend reached its highest annual value of $3.20B in 2023.
What was Constellation Brands buyback spend in 2025?
Constellation Brands (STZ) buyback spend in 2025 was $1.12B.
What was Constellation Brands buyback spend in 2026?
Constellation Brands (STZ) buyback spend in 2026 was $924.10M.
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