Income Statement Research
Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
Snapshot
CONSTELLATION BRANDS, INC.'s top line, gross profit, operating income, and bottom-line conversion. Values in USD millions.
Revenue
+0.9%Compound growth, FY2022 to FY2026
Gross profit
+0.0%Compound growth, FY2022 to FY2026
Operating Income
+3.9%Compound growth, FY2022 to FY2026
Net income
FY2026Latest annual filing, FY2026
Headline results
Four lines, five fiscal years, straight from the filings.
CONSTELLATION BRANDS, INC. headline income statement — FY2026
Trend
The same four lines drawn across the window.
All values shown in USD millions unless noted otherwise.
Line items
The full annual income statement layer for CONSTELLATION BRANDS, INC., from revenue down to share counts.
Statement basis
USD millions, except per-share and share-count rows.
CONSTELLATION BRANDS, INC. expanded income statement — FY2026
Expanded annual statement lines sourced from the SEC EDGAR database for CONSTELLATION BRANDS, INC..
Margins
How much of CONSTELLATION BRANDS, INC.'s revenue survives through gross profit, operating income, and net income.
Gross margin
-181 bpsFY2026, versus FY2022
Operating Margin
+334 bpsFY2026, versus FY2022
Net income margin
+1891 bpsFY2026, versus FY2022
Observation window
yearsFY2022 through FY2026
Margin table
Side-by-side read of gross, operating and net margin.
CONSTELLATION BRANDS, INC. margins — FY2026
Margin trend
The shape of profitability across the window.
Margins are calculated from annual SEC facts using reported revenue as the denominator.
Year on year
Every headline line of CONSTELLATION BRANDS, INC.'s statement measured against the immediately prior period.
Revenue YoY
FY2025FY2026 versus FY2025
Gross profit YoY
FY2025FY2026 versus FY2025
Op. income YoY
FY2025FY2026 versus FY2025
Net income YoY
FY2025FY2026 versus FY2025
Year-on-year table
Contractions are tinted so slowdowns are obvious.
CONSTELLATION BRANDS, INC. year-on-year change — FY2026
Momentum
Whether the business is accelerating or rolling over.
Year-on-year change compares each annual period against the immediately prior year inside the selected window.
Compound growth
Compounded annual growth from FY2022 to FY2026, which filters out one-year noise.
Revenue CAGR
4yrFY2022 to FY2026
Gross profit CAGR
4yrFY2022 to FY2026
Op. income CAGR
4yrFY2022 to FY2026
Net income CAGR
4yrFY2022 to FY2026
Compound rates use the first and last reported year in the window, so a gap in either endpoint suppresses the figure.
Commentary
A written read of the filing-backed figures above. The statement itself remains the source of truth.
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Over the five-year period, CONSTELLATION BRANDS, INC. has experienced mixed performance across key financial metrics. Revenue increased steadily from USD 8,820.7 million in 2022 to a peak of USD 10,208.7 million in 2025 before declining to USD 9,139 million in 2026. Gross profit followed a similar pattern, rising from USD 4,707.3 million in 2022 to USD 5,314.6 million in 2025 and then falling to USD 4,711.5 million in 2026. However, the operating income trend displays notable volatility. After growing from USD 2,331.7 million in 2022 to a high of USD 3,169.7 million in 2024, it experienced a drastic decline by more than 80% in 2025, plummeting to just USD 354.9 million, before rebounding to USD 2,721.4 million in 2026. Such a swing suggests a significant operational challenge or an extraordinary item in 2025 that adversely affected core earnings. Net income also reflects considerable variability, with the company reporting losses in 2022 (USD –40.4 million) and 2023 (USD –71 million), a sharp turnaround to positive results in 2024 (USD 1,727.4 million), reverting to a loss in 2025 (USD –81.4 million), and recovering to a robust USD 1,686.7 million in 2026. These fluctuations indicate that while the core revenue base and gross profit margins appear resilient, underlying operational issues—as evidenced by the dramatic operating income drop in 2025—have impacted profitability. Overall, CONSTELLATION BRANDS, INC. exhibits a promising revenue and gross profit trend with potential for sustainable performance if the operational volatility can be controlled and recurring factors behind the 2025 anomalies are addressed.
This analysis is for informational purposes only and does not constitute financial advice or a recommendation for any investment decision. Please consult a qualified financial professional for personalised guidance.
