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Constellation Brands vs Primo Brands: STZ and PRMB compared
Constellation Brands is the larger company: $2.8B of revenue in its latest quarter (Q2 FY27) against $1.8B for Primo Brands (Q3 2026). Constellation Brands is growing faster (+6% against +3% a year earlier). Constellation Brands is more profitable, with an operating margin of 28.6% against 13.7%.
Where the money goes: STZ and PRMB
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.
Primo Brands (PRMB) · Q3 2026
Primo Brands, Q3 2026: revenue $1.8B (+3% year over year), operating margin 13.7%, net earnings $124M, operating cash flow $294M. The chart follows the revenue to costs, profit and cash.
| Constellation Brands (STZ) | Primo Brands (PRMB) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $2.8B | $1.8B |
| Revenue growth, Y/Y | +6% | +3% |
| Gross margin | 49.5% | 30.4% |
| Operating margin | 28.6% | 13.7% |
| Net earnings | $566M | $124M |
| Net margin | 20.1% | 6.8% |
| Operating cash flow | $817M | $294M |
| Free cash flow | $640M | $215M |
| Market value | $24.0B | $8.0B |
| P/E | 12.5× | 40.8× |
| Analysts’ mean target | $152.91 | $28.36 |
Where the revenue comes from
Primo Brands
- Regional spring water: $912M (50%)
- Purified water: $574M (31%)
- Other: $182M (10%)
- Premium water: $122M (7%)
Questions
Which is bigger, Constellation Brands or Primo Brands?
Constellation Brands is the larger company: $2.8B of revenue in its latest quarter (Q2 FY27) against $1.8B for Primo Brands (Q3 2026).
Is Constellation Brands or Primo Brands growing faster?
Constellation Brands is growing faster (+6% against +3% a year earlier).
Which is more profitable, Constellation Brands or Primo Brands?
Constellation Brands is more profitable, with an operating margin of 28.6% against 13.7%.
More: Constellation Brands earnings · how Constellation Brands makes money · Primo Brands earnings · how Primo Brands makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 7, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.