Net Profit Margin
since 2005
Calculation
Constellation Brands Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to CBI1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Feb 28, 2022 | -0.46% | = | 100 | × | (40,400) | ÷ | 8,820,700) |
| Feb 28, 2021 | 23.19% | = | 100 | × | 1,998,000) | ÷ | 8,614,900) |
| Feb 29, 2020 | -0.14% | = | 100 | × | (11,800) | ÷ | 8,343,500) |
| Feb 28, 2019 | 42.33% | = | 100 | × | 3,435,900) | ÷ | 8,116,000) |
| Feb 28, 2018 | 30.57% | = | 100 | × | 2,318,900) | ÷ | 7,585,000) |
| Feb 28, 2017 | 20.94% | = | 100 | × | 1,535,100) | ÷ | 7,331,500) |
| Feb 29, 2016 | 16.11% | = | 100 | × | 1,054,900) | ÷ | 6,548,400) |
| Feb 28, 2015 | 13.92% | = | 100 | × | 839,300) | ÷ | 6,028,000) |
| Feb 28, 2014 | 39.92% | = | 100 | × | 1,943,100) | ÷ | 4,867,700) |
| Feb 28, 2013 | 13.87% | = | 100 | × | 387,800) | ÷ | 2,796,100) |
| Feb 29, 2012 | 16.77% | = | 100 | × | 445,000) | ÷ | 2,654,300) |
| Feb 28, 2011 | 16.79% | = | 100 | × | 559,500) | ÷ | 3,332,000) |
| Feb 28, 2010 | 2.95% | = | 100 | × | 99,300) | ÷ | 3,364,800) |
| Feb 28, 2009 | -8.25% | = | 100 | × | (301,400) | ÷ | 3,654,600) |
| Feb 29, 2008 | -16.25% | = | 100 | × | (613,300) | ÷ | 3,773,000) |
| Feb 28, 2007 | 6.36% | = | 100 | × | 331,900) | ÷ | 5,216,400) |
| Feb 28, 2006 | 7.07% | = | 100 | × | 325,262) | ÷ | 4,603,448) |
| Feb 28, 2005 | 6.76% | = | 100 | × | 276,464) | ÷ | 4,087,638) |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).
1 US$ in thousands
The financial performance from 2005 to 2022 is characterized by significant volatility in net profit margins, contrasting with a general long-term upward trajectory in net sales. While revenue grew from approximately 4.1 billion USD in 2005 to 8.8 billion USD in 2022, profitability has experienced several sharp contractions and anomalous peaks.
- Early Performance and Financial Instability (2005–2009)
- Initial margins remained stable between 6.36% and 7.07% from 2005 to 2007. However, a severe downturn occurred in 2008 and 2009, where the net profit margin collapsed to -16.25% and -8.25%, respectively. This period was marked by substantial net losses, peaking at 613.3 million USD in 2008, despite net sales remaining relatively high compared to later recovery years.
- Recovery and Profitability Expansion (2010–2019)
- A recovery phase began in 2010, with margins returning to positive territory. A notable anomaly occurred in 2014, where the net profit margin spiked to 39.92%, driven by a surge in net income to 1.94 billion USD. Following this, a consistent growth trend emerged between 2015 and 2019. During this window, the net profit margin climbed steadily from 13.92% to a peak of 42.33% in 2019, coinciding with a steady increase in net sales from 6.0 billion USD to 8.1 billion USD.
- Recent Volatility and Margin Compression (2020–2022)
- The period ending in 2022 is characterized by extreme instability. Despite net sales reaching their highest levels in the recorded history (surpassing 8.8 billion USD by 2022), the net profit margin suffered two significant drops. In 2020, the margin fell to -0.14%, and after a brief recovery to 23.19% in 2021, it declined again to -0.46% in 2022. These fluctuations indicate that recent revenue growth has not translated into consistent bottom-line profitability.
In summary, the data reveals a divergence between top-line growth and net profitability. While the company successfully expanded its sales base over the 17-year period, the net profit margin has been subject to intense fluctuations, suggesting that external shocks or internal structural costs have periodically offset revenue gains.
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Comparison to Competitors
Constellation Brands Inc., net profit margin, long-term trends, comparison to competitors
| Constellation Brands Inc. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Feb 28, 2022 | -0.46% | 22.19% | 8.63% | 10.31% | 28.49% |
| Feb 28, 2021 | 23.19% | 25.28% | 14.97% | 9.59% | 29.00% |
| Feb 29, 2020 | -0.14% | 23.47% | 13.37% | 10.12% | 28.08% |
| Feb 28, 2019 | 42.33% | 23.94% | 14.96% | 10.89% | 24.11% |
| Feb 28, 2018 | 30.57% | 20.20% | 13.03% | 19.35% | 26.70% |
| Feb 28, 2017 | 20.94% | 3.52% | 11.28% | 7.65% | 20.99% |
| Feb 29, 2016 | 16.11% | 15.59% | 6.40% | 10.08% | 26.11% |
| Feb 28, 2015 | 13.92% | 16.60% | 24.52% | 8.65% | 25.65% |
| Feb 28, 2014 | 39.92% | 15.43% | 6.38% | 9.77% | 25.17% |
| Feb 28, 2013 | 13.87% | 18.32% | 11.09% | 10.15% | 27.47% |
| Feb 29, 2012 | 16.77% | 18.78% | 8.65% | 9.43% | 28.05% |
| Feb 28, 2011 | 16.79% | 18.42% | 6.49% | 9.69% | 27.63% |
| Feb 28, 2010 | 2.95% | 33.63% | 8.36% | 10.93% | 26.68% |
| Feb 28, 2009 | -8.25% | 22.02% | 7.48% | 13.75% | 25.33% |
| Feb 29, 2008 | -16.25% | 18.18% | 6.87% | 11.89% | 26.80% |
| Feb 28, 2007 | 6.36% | 20.73% | 6.95% | 14.33% | — |
| Feb 28, 2006 | 7.07% | 21.09% | 8.91% | 16.06% | — |
| Feb 28, 2005 | 6.76% | 21.09% | 7.72% | 12.52% | — |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).
Comparison to Sector (Food, Beverage & Tobacco)
Constellation Brands Inc., net profit margin, long-term trends, comparison to sector (food, beverage & tobacco)
| Constellation Brands Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Feb 28, 2022 | -0.46% | 15.68% |
| Feb 28, 2021 | 23.19% | 17.28% |
| Feb 29, 2020 | -0.14% | 16.69% |
| Feb 28, 2019 | 42.33% | 17.04% |
| Feb 28, 2018 | 30.57% | 19.88% |
| Feb 28, 2017 | 20.94% | 9.81% |
| Feb 29, 2016 | 16.11% | 13.66% |
| Feb 28, 2015 | 13.92% | 16.45% |
| Feb 28, 2014 | 39.92% | 13.18% |
| Feb 28, 2013 | 13.87% | 15.47% |
| Feb 29, 2012 | 16.77% | 15.02% |
| Feb 28, 2011 | 16.79% | 13.67% |
| Feb 28, 2010 | 2.95% | 17.42% |
| Feb 28, 2009 | -8.25% | 15.85% |
| Feb 29, 2008 | -16.25% | 14.49% |
| Feb 28, 2007 | 6.36% | 13.48% |
| Feb 28, 2006 | 7.07% | 14.73% |
| Feb 28, 2005 | 6.76% | 12.90% |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).
Comparison to Industry (Consumer Staples)
Constellation Brands Inc., net profit margin, long-term trends, comparison to industry (consumer staples)
| Constellation Brands Inc. | Consumer Staples | |
|---|---|---|
| Feb 28, 2022 | -0.46% | 6.11% |
| Feb 28, 2021 | 23.19% | 6.21% |
| Feb 29, 2020 | -0.14% | 6.22% |
| Feb 28, 2019 | 42.33% | 4.62% |
| Feb 28, 2018 | 30.57% | 6.05% |
| Feb 28, 2017 | 20.94% | 5.52% |
| Feb 29, 2016 | 16.11% | 5.88% |
| Feb 28, 2015 | 13.92% | 5.62% |
| Feb 28, 2014 | 39.92% | 6.00% |
| Feb 28, 2013 | 13.87% | 6.75% |
| Feb 29, 2012 | 16.77% | 6.65% |
| Feb 28, 2011 | 16.79% | 6.99% |
| Feb 28, 2010 | 2.95% | 7.59% |
| Feb 28, 2009 | -8.25% | 6.93% |
| Feb 29, 2008 | -16.25% | 6.75% |
| Feb 28, 2007 | 6.36% | 6.11% |
| Feb 28, 2006 | 7.07% | 6.35% |
| Feb 28, 2005 | 6.76% | 6.29% |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).