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Constellation Brands vs Brown Forman: STZ and BF-B compared
Constellation Brands is the larger company: $2.8B of revenue in its latest quarter (Q2 FY27) against $1.2B for Brown Forman (Q1 FY27). Constellation Brands is growing faster (+6% against -0.8% a year earlier). Constellation Brands is more profitable, with an operating margin of 28.6% against 21.3%.
Where the money goes: STZ and BF-B
Constellation Brands (STZ) · Q2 FY27
Constellation Brands, Q2 FY27: revenue $2.8B (+6% year over year), operating margin 28.6%, net earnings $566M, operating cash flow $817M. The chart follows the revenue to costs, profit and cash.
Brown Forman (BF-B) · Q1 FY27
Brown Forman, Q1 FY27: revenue $1.2B (-0.8% year over year), operating margin 21.3%, net earnings $176M, operating cash flow $173M. The chart follows the revenue to costs, profit and cash.
| Constellation Brands (STZ) | Brown Forman (BF-B) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q1 FY27 |
| Revenue | $2.8B | $1.2B |
| Revenue growth, Y/Y | +6% | -0.8% |
| Gross margin | 49.5% | 46.5% |
| Operating margin | 28.6% | 21.3% |
| Net earnings | $566M | $176M |
| Net margin | 20.1% | 14.9% |
| Operating cash flow | $817M | $173M |
| Free cash flow | $640M | $161M |
| Market value | $24.0B | $14.1B |
| P/E | 12.5× | 19.5× |
| Analysts’ mean target | $152.91 | $28.26 |
Where the revenue comes from
Brown Forman
- Whiskey: $658M (56%)
- Other revenues: $270M (23%)
- Ready-to-Drink: $154M (13%)
- Tequila: $54.0M (5%)
Questions
Which is bigger, Constellation Brands or Brown Forman?
Constellation Brands is the larger company: $2.8B of revenue in its latest quarter (Q2 FY27) against $1.2B for Brown Forman (Q1 FY27).
Is Constellation Brands or Brown Forman growing faster?
Constellation Brands is growing faster (+6% against -0.8% a year earlier).
Which is more profitable, Constellation Brands or Brown Forman?
Constellation Brands is more profitable, with an operating margin of 28.6% against 21.3%.
More: Constellation Brands earnings · how Constellation Brands makes money · Brown Forman earnings · how Brown Forman makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 7, 2026; 10-Q filed Sep 2, 2026). Fiscal quarters can end on different dates. Not investment advice.