Buyback yield (TTM)
3.38%
Shareholder yield (TTM)
6.00%
5Y share count change
-10.1%
Buyback spend (TTM)
$926.40M
Cumulative buybacks
$11.42B
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.
Dividend & buyback yield over time for Constellation Brands (STZ)
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.
Diluted vs basic shares (annual) for Constellation Brands (STZ)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Constellation Brands (STZ)
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.
Cash buyback spend over time for Constellation Brands (STZ)
Latest: $924.10M
Overview
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 grown on net over the period, 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 $0.00 during 1991.
Constellation Brands Buyback Spend 2026: $924.10M
2026's buyback spend for Constellation Brands came in at $924.10M, declined 17.8% below 2025.
Constellation Brands Buyback Spend 2025: $1.12B
Constellation Brands posted buyback spend of $1.12B in 2025, surged 350.1% from 2024.
Constellation Brands Buyback Spend 2024: $249.70M
In 2024, Constellation Brands reported buyback spend of $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).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2026 | $924.10M | $0.00 | $924.10M | 3.37% | 0.18B | -3.3% | |
| 2025 | $1.12B | $72.20M | $1.05B | 3.56% | 0.18B | -1.3% | |
| 2024 | $249.70M | $63.60M | $186.10M | 0.55% | 0.18B | -4.5% | |
| 2023 | $3.20B | $68.50M | $3.13B | 7.78% | 0.19B | +1.1% | |
| 2022 | $1.39B | $44.90M | $1.35B | 3.01% | 0.19B | -2.5% | |
| 2021 | $0.00 | $63.00M | −$63.00M | — | 0.20B | +3.2% | |
| 2020 | $50.00M | $60.40M | −$10.40M | 0.15% | 0.19B | -3.2% | |
| 2019 | $504.30M | $64.10M | $440.20M | 1.56% | 0.20B | -2.6% | |
| 2018 | $1.04B | $60.90M | $977.60M | 2.49% | 0.20B | -1.6% | |
| 2017 | $1.12B | $56.10M | $1.07B | 3.62% | 0.20B | +0.1% | |
| 2016 | $33.80M | $54.00M | −$20.20M | 0.12% | 0.20B | +1.3% | |
| 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 | 4.74% | 0.19B | -8.8% | |
| 2012 | $413.70M | $47.60M | $366.10M | 11.67% | 0.21B | -2.4% | |
| 2011 | $300.00M | $46.00M | $254.00M | 7.89% | 0.21B | -12.7% | |
| 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 | 12.06% | 0.22B | -8.7% | |
| 2007 | $100.00M | $16.50M | $83.50M | 2.07% | 0.24B | +0.4% | |
| 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 | — | — | — |
- 2026$924.10M
- 2025$1.12B
- 2024$249.70M
- 2023$3.20B
- 2022$1.39B
- 2021$0.00
- 2020$50.00M
- 2019$504.30M
- 2018$1.04B
- 2017$1.12B
- 2016$33.80M
- 2015$0.00
- 2014$0.00
- 2013$383.00M
- 2012$413.70M
- 2011$300.00M
- 2010$0.00
- 2009$0.00
- 2008$500.00M
- 2007$100.00M
- 2006$0.00
- 2005$0.00
- 2004$0.00
- 2003$0.00
- 2002$0.00
- 2001$0.00
- 2000$0.00
- 1999$44.90M
- 1998$9.20M
- 1997$20.80M
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$2.90M
- 1991$0.00
- 1990$4.30M
Buybacks vs stock-based compensation for Constellation Brands (STZ)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 15.16×.
Buybacks vs dividends (share of cash returned) for Constellation Brands (STZ)
How Constellation Brands splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Constellation Brands, ranked by their latest buyback spend.
| $8.09B | |
| $6.50B | |
| $1.00B | |
| $1.00B | |
| $903.00M | |
| $746.00M | |
| $103.65M | |
| $0.00 |
- $8.09B
- $6.50B
- $1.00B
- $1.00B
- $903.00M
- $746.00M
- $103.65M
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).
Frequently asked questions
Data & methodology
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