Return on Equity (ROE)
since 2005
Calculation
Constellation Brands Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to CBI1 | ÷ | Total CBI stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Feb 28, 2022 | -0.34% | = | 100 | × | (40,400) | ÷ | 11,731,900) |
| Feb 28, 2021 | 14.69% | = | 100 | × | 1,998,000) | ÷ | 13,598,900) |
| Feb 29, 2020 | -0.10% | = | 100 | × | (11,800) | ÷ | 12,131,800) |
| Feb 28, 2019 | 27.38% | = | 100 | × | 3,435,900) | ÷ | 12,551,000) |
| Feb 28, 2018 | 28.82% | = | 100 | × | 2,318,900) | ÷ | 8,046,100) |
| Feb 28, 2017 | 22.28% | = | 100 | × | 1,535,100) | ÷ | 6,891,200) |
| Feb 29, 2016 | 16.08% | = | 100 | × | 1,054,900) | ÷ | 6,559,600) |
| Feb 28, 2015 | 14.54% | = | 100 | × | 839,300) | ÷ | 5,770,700) |
| Feb 28, 2014 | 39.01% | = | 100 | × | 1,943,100) | ÷ | 4,981,300) |
| Feb 28, 2013 | 13.56% | = | 100 | × | 387,800) | ÷ | 2,860,300) |
| Feb 29, 2012 | 16.63% | = | 100 | × | 445,000) | ÷ | 2,676,000) |
| Feb 28, 2011 | 21.92% | = | 100 | × | 559,500) | ÷ | 2,551,900) |
| Feb 28, 2010 | 3.85% | = | 100 | × | 99,300) | ÷ | 2,576,300) |
| Feb 28, 2009 | -15.79% | = | 100 | × | (301,400) | ÷ | 1,908,300) |
| Feb 29, 2008 | -22.17% | = | 100 | × | (613,300) | ÷ | 2,765,900) |
| Feb 28, 2007 | 9.71% | = | 100 | × | 331,900) | ÷ | 3,417,500) |
| Feb 28, 2006 | 10.93% | = | 100 | × | 325,262) | ÷ | 2,975,171) |
| Feb 28, 2005 | 9.95% | = | 100 | × | 276,464) | ÷ | 2,779,913) |
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 analysis of Return on Equity (ROE) from 2005 to 2022 reveals a trajectory characterized by early instability, a period of significant expansion and peak efficiency, and a recent phase of high volatility.
- Initial Stability and Crisis Period (2005–2010)
- Between 2005 and 2007, ROE remained relatively stable, fluctuating within a narrow range between 9.71% and 10.93%. This stability was interrupted by a sharp decline in 2008 and 2009, where ROE plummeted to -22.17% and -15.79%, respectively, coinciding with substantial net losses. A recovery began in 2010, although the ROE of 3.85% indicated a slow return to profitability.
- Growth and Peak Performance (2011–2019)
- A period of strong financial performance is observed starting in 2011, with ROE climbing to 21.92%. A notable peak occurred in 2014, where ROE reached 39.01%, driven by a surge in net income to approximately 1.94 billion US$. From 2015 to 2019, the company maintained elevated ROE levels, generally remaining above 14%, and peaking again at 28.82% in 2018. This period is further characterized by a significant expansion of total stockholders' equity, which grew from approximately 2.55 billion US$ in 2011 to over 12.55 billion US$ by 2019.
- Recent Volatility (2020–2022)
- The most recent data indicates a shift toward inconsistency. ROE dropped to -0.10% in 2020 following a net loss, before recovering to 14.69% in 2021. However, the trend reversed again by 2022, with ROE falling to -0.34%. This recent volatility is linked to fluctuations in net income, which shifted from a profit of nearly 2 billion US$ in 2021 to a loss of 40.4 million US$ in 2022.
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Comparison to Competitors
Constellation Brands Inc., ROE, long-term trends, comparison to competitors
| Constellation Brands Inc. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Feb 28, 2022 | -0.34% | 39.59% | 10.11% | 51.96% | — |
| Feb 28, 2021 | 14.69% | 42.48% | 15.21% | 47.48% | — |
| Feb 29, 2020 | -0.10% | 40.14% | 12.89% | 52.92% | — |
| Feb 28, 2019 | 27.38% | 46.99% | 14.19% | 49.47% | — |
| Feb 28, 2018 | 28.82% | 37.89% | 13.19% | 86.20% | — |
| Feb 28, 2017 | 22.28% | 7.31% | 11.19% | 44.60% | — |
| Feb 29, 2016 | 16.08% | 28.30% | 6.59% | 57.04% | — |
| Feb 28, 2015 | 14.54% | 28.77% | 25.94% | 45.73% | — |
| Feb 28, 2014 | 39.01% | 23.41% | 7.87% | 37.35% | — |
| Feb 28, 2013 | 13.56% | 25.88% | 12.09% | 27.76% | — |
| Feb 29, 2012 | 16.63% | 27.51% | 9.40% | 27.71% | — |
| Feb 28, 2011 | 21.92% | 27.10% | 10.02% | 31.29% | 3,751.53% |
| Feb 28, 2010 | 3.85% | 38.09% | 11.48% | 29.86% | 207.05% |
| Feb 28, 2009 | -15.79% | 27.52% | 11.67% | 35.38% | 110.95% |
| Feb 29, 2008 | -22.17% | 28.37% | 13.07% | 42.47% | 91.87% |
| Feb 28, 2007 | 9.71% | 27.51% | 9.49% | 32.83% | — |
| Feb 28, 2006 | 10.93% | 30.02% | 10.72% | 36.71% | — |
| Feb 28, 2005 | 9.95% | 29.79% | 8.89% | 28.62% | — |
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., ROE, long-term trends, comparison to sector (food, beverage & tobacco)
| Constellation Brands Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Feb 28, 2022 | -0.34% | 51.06% |
| Feb 28, 2021 | 14.69% | 53.84% |
| Feb 29, 2020 | -0.10% | 55.44% |
| Feb 28, 2019 | 27.38% | 55.17% |
| Feb 28, 2018 | 28.82% | 67.69% |
| Feb 28, 2017 | 22.28% | 35.87% |
| Feb 29, 2016 | 16.08% | 46.07% |
| Feb 28, 2015 | 14.54% | 51.57% |
| Feb 28, 2014 | 39.01% | 37.04% |
| Feb 28, 2013 | 13.56% | 33.90% |
| Feb 29, 2012 | 16.63% | 32.24% |
| Feb 28, 2011 | 21.92% | 30.95% |
| Feb 28, 2010 | 3.85% | 32.24% |
| Feb 28, 2009 | -15.79% | 30.24% |
| Feb 29, 2008 | -22.17% | 33.30% |
| Feb 28, 2007 | 9.71% | 21.47% |
| Feb 28, 2006 | 10.93% | 22.65% |
| Feb 28, 2005 | 9.95% | 19.24% |
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., ROE, long-term trends, comparison to industry (consumer staples)
| Constellation Brands Inc. | Consumer Staples | |
|---|---|---|
| Feb 28, 2022 | -0.34% | 32.10% |
| Feb 28, 2021 | 14.69% | 31.40% |
| Feb 29, 2020 | -0.10% | 30.98% |
| Feb 28, 2019 | 27.38% | 22.71% |
| Feb 28, 2018 | 28.82% | 28.05% |
| Feb 28, 2017 | 22.28% | 25.14% |
| Feb 29, 2016 | 16.08% | 25.00% |
| Feb 28, 2015 | 14.54% | 23.15% |
| Feb 28, 2014 | 39.01% | 23.21% |
| Feb 28, 2013 | 13.56% | 24.09% |
| Feb 29, 2012 | 16.63% | 23.55% |
| Feb 28, 2011 | 21.92% | 23.75% |
| Feb 28, 2010 | 3.85% | 24.19% |
| Feb 28, 2009 | -15.79% | 23.20% |
| Feb 29, 2008 | -22.17% | 22.49% |
| Feb 28, 2007 | 9.71% | 18.15% |
| Feb 28, 2006 | 10.93% | 18.58% |
| Feb 28, 2005 | 9.95% | 22.40% |
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).