Short answer
Constellation Brands (STZ) filed its fiscal 2025 10-K annual report with the SEC on Apr 23, 2025. It reported revenue of $10.2B (+2.5% year over year) and net income of −$81M.
- Top risk flagged: Federal excise tax impact from Inflation Reduction Act (IRA) on share repurchases, increasing costs beyond $1.2 billion spent in Fiscal 2025
FY2025 key financial metrics · XBRL
- Revenue
- $10.2B
- +2.5% YoY
- Net income
- −$81M
- −104.7% YoY
- Operating margin
- 3.5%
- −28.3 pp YoY
- Gross margin
- 52.1%
- +1.7 pp YoY
- ROE
- -1.2%
- −18.9 pp YoY
- Operating cash flow
- $3.2B
- +13.4% YoY
Source: XBRL data from the Constellation Brands (STZ) FY2025 10-K on SEC EDGAR. USD.
Constellation Brands FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Beverage alcohol company focused primarily on beer, spirits, and wine portfolio management
- Leadership continuity: James A. Sabia Jr. serving as President of Beer Division since February 2022, indicating stable executive oversight
- Emphasis on corporate governance: detailed disclosure on codes of ethics and board committee charters publicly available online
- Transparency focus: investor relations website hosts SEC filings and corporate policies promptly after official filing
- No new products or segments introduced or strategic shifts detailed in this section
Management Discussion & Analysis
- Segment performance not mentioned in excerpt
- No forward-looking guidance or emerging risks discussed in given section
Risk Factors
- Federal excise tax impact from Inflation Reduction Act (IRA) on share repurchases, increasing costs beyond $1.2 billion spent in Fiscal 2025
- Share repurchase program authorized $4.0 billion in April 2025, replacing $1.5 billion 2023 authorization canceled in Fiscal 2026
- Heavy reliance on cash from SVEDKA Divestiture and operations to fund $1.1 billion stock buybacks presents liquidity risk
- Repurchase share price average $213.98 indicates exposure to market price fluctuations during stock buybacks
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.