TTM
31.3%
YoY change
−4.12pp
Trough year (1988)
-9.2%
Peak year (2025)
35.5%
Latest annual
31.3%
Operating Margin history chart for Constellation Brands (STZ) from 1986 to 2026
Latest: 31.3%
Operating Margin change chart for Constellation Brands (STZ) from 1986 to 2026
Latest: −4.12pp
Operating Margin history table for Constellation Brands (STZ) from 1986 to 2026
| 2026 | 31.3% | -4.12pp | ||
| 2025 | 35.5% | +3.99pp | ||
| 2024 | 31.5% | -0.16pp | ||
| 2023 | 31.6% | -1.30pp | ||
| 2022 | 32.9% | -0.27pp | ||
| 2021 | 33.2% | -0.01pp | ||
| 2020 | 33.2% | +0.51pp | ||
| 2019 | 32.7% | +2.62pp | ||
| 2018 | 30.1% | -0.61pp | ||
| 2017 | 30.7% | +1.58pp | ||
| 2016 | 29.1% | +2.93pp | ||
| 2015 | 26.2% | +2.29pp | ||
| 2014 | 23.9% | +3.98pp | ||
| 2013 | 19.9% | -0.20pp | ||
| 2012 | 20.1% | +4.83pp | ||
| 2011 | 15.3% | +0.05pp | ||
| 2010 | 15.2% | +0.31pp | ||
| 2009 | 14.9% | +0.95pp | ||
| 2008 | 13.9% | -1.00pp | ||
| 2007 | 14.9% | -0.52pp | ||
| 2006 | 15.5% | +0.62pp | ||
| 2005 | 14.8% | +1.13pp | ||
| 2004 | 13.7% | -1.11pp | ||
| 2003 | 14.8% | +2.68pp | ||
| 2002 | 12.1% | +0.84pp | ||
| 2001 | 11.3% | +1.02pp | ||
| 2000 | 10.3% | +0.36pp | ||
| 1999 | 9.9% | +0.27pp | ||
| 1998 | 9.6% | +2.44pp | ||
| 1997 | 7.2% | +2.27pp | ||
| 1996 | 4.9% | -0.94pp | ||
| 1995 | 5.9% | -4.37pp | ||
| 1994 | 10.3% | +0.46pp | ||
| 1993 | 9.8% | +1.07pp | ||
| 1992 | 8.7% | +3.05pp | ||
| 1991 | 5.7% | +1.05pp | ||
| 1990 | 4.6% | +7.32pp | ||
| 1989 | -2.7% | +6.48pp | ||
| 1988 | -9.2% | -20.69pp | ||
| 1987 | 11.5% | -1.72pp | ||
| 1986 | 13.2% | — |
- 202631.3%-4.12pp
- 202535.5%+3.99pp
- 202431.5%-0.16pp
- 202331.6%-1.30pp
- 202232.9%-0.27pp
- 202133.2%-0.01pp
- 202033.2%+0.51pp
- 201932.7%+2.62pp
- 201830.1%-0.61pp
- 201730.7%+1.58pp
- 201629.1%+2.93pp
- 201526.2%+2.29pp
- 201423.9%+3.98pp
- 201319.9%-0.20pp
- 201220.1%+4.83pp
- 201115.3%+0.05pp
- 201015.2%+0.31pp
- 200914.9%+0.95pp
- 200813.9%-1.00pp
- 200714.9%-0.52pp
- 200615.5%+0.62pp
- 200514.8%+1.13pp
- 200413.7%-1.11pp
- 200314.8%+2.68pp
- 200212.1%+0.84pp
- 200111.3%+1.02pp
- 200010.3%+0.36pp
- 19999.9%+0.27pp
- 19989.6%+2.44pp
- 19977.2%+2.27pp
- 19964.9%-0.94pp
- 19955.9%-4.37pp
- 199410.3%+0.46pp
- 19939.8%+1.07pp
- 19928.7%+3.05pp
- 19915.7%+1.05pp
- 19904.6%+7.32pp
- 1989-2.7%+6.48pp
- 1988-9.2%-20.69pp
- 198711.5%-1.72pp
- 198613.2%—
Operating Margin values are taken from Constellation Brands's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Constellation Brands (STZ)
According to Constellation Brands's latest reported financial statements, the company's latest reported operating margin is 31.3%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2026 reading of Constellation Brands (STZ) operating margin is 31.33% – contracted 4.1 percentage points year-over-year.
Across the available history, operating margin reached its high of 35.45% in 2025 and its low of -9.17% in 1988.
Constellation Brands Operating Margin by Year
Constellation Brands Operating Margin 2026: 31.3%
In 2026, Constellation Brands reported operating margin of 31.33%, contracted 4.1 percentage points from 2025.
Constellation Brands Operating Margin 2025: 35.5%
Constellation Brands operating margin in 2025 was 35.45%, expanded 4.0 percentage points from 2024. This figure represents the highest annual value in the available history.
Constellation Brands Operating Margin 2024: 31.5%
2024's operating margin for Constellation Brands came in at 31.46%, contracted 0.2 percentage points from 2023.
Constellation Brands Operating Margin 2023: 31.6%
Constellation Brands posted operating margin of 31.62% in 2023, contracted 1.3 percentage points from 2022.
Constellation Brands Operating Margin 2022: 32.9%
Constellation Brands operating margin in 2022 was 32.92%.
See more financial history for Constellation Brands (STZ).
Sector peers by Operating Margin
Consumer Defensive peers of Constellation Brands (STZ), ranked by their latest operating margin
| 50.7% | |
| 36.8% | |
| 29.3% | |
| 29.3% | |
| 23.2% | |
| 14.8% | |
| 4.2% | |
| 3.8% |
- 50.7%
- 29.3%
- 14.8%
- 4.2%
- 3.8%
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