Constellation Brands vs Molson Coors
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KIRA’s take AI analyst
I put Constellation Brands and Molson Coors side by side, using each one’s latest annual report. Here is what stands out:
- Molson Coors is the larger business, with $11.1B of revenue in fiscal 2025 against $9.1B for Constellation Brands.
- Molson Coors grew revenue faster (−4.2%, against −10.5%).
- Constellation Brands kept more of each dollar of sales as operating profit (29.8% operating margin, against −21.0%).
- Constellation Brands turned more of its sales into free cash flow (19.6% FCF margin, against 9.6%).
- Constellation Brands earned a higher return on the capital invested in it (10.7%, against −10.7%).
Who comes out ahead
Of the 8 measures where higher (or lower) is clearly better, how many each company leads.
Constellation Brands
STZ
6/8
Gross marginOperating marginNet marginFCF marginReturn on capitalReturn on equity
Molson Coors
TAP
2/8
Revenue growth5-year growth
Side by side
Best in the row
| Latest fiscal year | STZ FY26 | TAP FY25 |
|---|---|---|
| Size | ||
| Market cap | — | $8.0B |
| Revenue | $9.1B | $11.1B |
| Free cash flow | $1.8B | $1.1B |
| Net income | $1.7B | −$2.1B |
| Growth | ||
| Revenue growth | −10.5% | −4.2% |
| 5-year growth | 1.2% | 2.9% |
| Share count change | — | −5.2% |
| Profitability | ||
| Gross margin | 51.6% | 38.4% |
| Operating margin | 29.8% | −21.0% |
| Net margin | 18.5% | −19.2% |
| FCF margin | 19.6% | 9.6% |
| Return on capital | 10.7% | −10.7% |
| Return on equity | 22.5% | −18.4% |
| Balance sheet | ||
| Net debt | $10.5B | $5.5B |
| Net debt / EBITDA | 3.3x | — |
| Dividends and buybacks | $1.6B | $1.0B |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | — | 3 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.

