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Side-by-side financial comparison of Paramount Skydance Corporation (PSKY) and Constellation Brands (STZ). Click either name above to swap in a different company.
Paramount Skydance Corporation is the larger business by last-quarter revenue ($4.1B vs $2.2B, roughly 1.9× Constellation Brands). Constellation Brands runs the higher net margin — 22.6% vs -0.3%, a 22.9% gap on every dollar of revenue. On growth, Constellation Brands posted the faster year-over-year revenue change (-9.8% vs -38.8%). Constellation Brands produced more free cash flow last quarter ($370.9M vs $222.0M).
Paramount Skydance Corporation is an American multinational mass media and entertainment conglomerate. The company is headquartered at the Paramount Pictures lot in the Hollywood neighborhood of Los Angeles, California, with multiple of Paramount's divisions and subsidiaries, as well as one of Paramount's major offices and meeting places, being headquartered at the previous Paramount Global headquarters at One Astor Plaza in New York City.
Constellation Brands, Inc. is an American producer and marketer of beer, wine, and spirits. A Fortune 500 company, Constellation is the largest beer import company in the US, measured by sales, and has the third-largest market share of all major beer suppliers. It also has sizable investments in medical and recreational cannabis through its association with Canopy Growth. Based in Rochester, New York, Constellation has about 40 facilities and approximately 9,000 employees.
PSKY vs STZ — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1B | $2.2B |
| Net Profit | $-13.0M | $502.8M |
| Gross Margin | — | 53.2% |
| Operating Margin | 5.9% | 31.1% |
| Net Margin | -0.3% | 22.6% |
| Revenue YoY | -38.8% | -9.8% |
| Net Profit YoY | -1400.0% | -18.4% |
| EPS (diluted) | $-0.01 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $2.2B | ||
| Q3 25 | $4.1B | $2.5B | ||
| Q2 25 | $0 | $2.5B | ||
| Q1 25 | $0 | $2.2B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | $6.7B | $2.9B | ||
| Q2 24 | $0 | $2.7B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | — | $502.8M | ||
| Q3 25 | $-13.0M | $466.0M | ||
| Q2 25 | $0 | $516.1M | ||
| Q1 25 | $0 | $-375.3M | ||
| Q4 24 | — | $615.9M | ||
| Q3 24 | $1.0M | $-1.2B | ||
| Q2 24 | $0 | $877.0M | ||
| Q1 24 | — | $392.4M |
| Q4 25 | — | 53.2% | ||
| Q3 25 | — | 52.8% | ||
| Q2 25 | — | 50.4% | ||
| Q1 25 | — | 51.5% | ||
| Q4 24 | — | 52.1% | ||
| Q3 24 | — | 51.8% | ||
| Q2 24 | — | 52.7% | ||
| Q1 24 | — | 48.6% |
| Q4 25 | — | 31.1% | ||
| Q3 25 | 5.9% | 35.2% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | — | 32.2% | ||
| Q3 24 | 5.0% | -42.1% | ||
| Q2 24 | — | 35.4% | ||
| Q1 24 | — | 29.4% |
| Q4 25 | — | 22.6% | ||
| Q3 25 | -0.3% | 18.8% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | -17.3% | ||
| Q4 24 | — | 25.0% | ||
| Q3 24 | 0.0% | -41.1% | ||
| Q2 24 | — | 32.9% | ||
| Q1 24 | — | 18.3% |
| Q4 25 | — | — | ||
| Q3 25 | $-0.01 | — | ||
| Q2 25 | $0.00 | — | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.00 | — | ||
| Q2 24 | $0.00 | — | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.3B | $152.4M |
| Total DebtLower is stronger | $13.3B | $10.3B |
| Stockholders' EquityBook value | $12.0B | $7.7B |
| Total Assets | $43.2B | $21.7B |
| Debt / EquityLower = less leverage | 1.11× | 1.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $152.4M | ||
| Q3 25 | $3.3B | $72.0M | ||
| Q2 25 | — | $73.9M | ||
| Q1 25 | — | $68.1M | ||
| Q4 24 | — | $73.7M | ||
| Q3 24 | — | $64.6M | ||
| Q2 24 | — | $73.8M | ||
| Q1 24 | — | $152.4M |
| Q4 25 | — | $10.3B | ||
| Q3 25 | $13.3B | $10.3B | ||
| Q2 25 | — | $11.2B | ||
| Q1 25 | — | $10.7B | ||
| Q4 24 | — | $10.7B | ||
| Q3 24 | — | $11.1B | ||
| Q2 24 | — | $11.1B | ||
| Q1 24 | — | $11.6B |
| Q4 25 | — | $7.7B | ||
| Q3 25 | $12.0B | $7.5B | ||
| Q2 25 | $0 | $7.3B | ||
| Q1 25 | $0 | $6.9B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | $17.1B | $7.9B | ||
| Q2 24 | $0 | $10.3B | ||
| Q1 24 | — | $9.7B |
| Q4 25 | — | $21.7B | ||
| Q3 25 | $43.2B | $21.4B | ||
| Q2 25 | $0 | $22.3B | ||
| Q1 25 | $0 | $21.7B | ||
| Q4 24 | — | $22.8B | ||
| Q3 24 | — | $23.1B | ||
| Q2 24 | — | $26.1B | ||
| Q1 24 | — | $25.7B |
| Q4 25 | — | 1.33× | ||
| Q3 25 | 1.11× | 1.37× | ||
| Q2 25 | — | 1.54× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.08× | ||
| Q1 24 | — | 1.19× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $268.0M | $616.9M |
| Free Cash FlowOCF − Capex | $222.0M | $370.9M |
| FCF MarginFCF / Revenue | 5.4% | 16.7% |
| Capex IntensityCapex / Revenue | 1.1% | 11.1% |
| Cash ConversionOCF / Net Profit | — | 1.23× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.8B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $616.9M | ||
| Q3 25 | $268.0M | $852.1M | ||
| Q2 25 | $0 | $637.2M | ||
| Q1 25 | $0 | $594.7M | ||
| Q4 24 | — | $685.2M | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $0 | $690.5M | ||
| Q1 24 | — | $433.2M |
| Q4 25 | — | $370.9M | ||
| Q3 25 | $222.0M | $634.8M | ||
| Q2 25 | — | $444.4M | ||
| Q1 25 | — | $312.1M | ||
| Q4 24 | — | $456.8M | ||
| Q3 24 | — | $854.0M | ||
| Q2 24 | — | $315.2M | ||
| Q1 24 | — | $76.0M |
| Q4 25 | — | 16.7% | ||
| Q3 25 | 5.4% | 25.6% | ||
| Q2 25 | — | 17.7% | ||
| Q1 25 | — | 14.4% | ||
| Q4 24 | — | 18.5% | ||
| Q3 24 | — | 29.3% | ||
| Q2 24 | — | 11.8% | ||
| Q1 24 | — | 3.6% |
| Q4 25 | — | 11.1% | ||
| Q3 25 | 1.1% | 8.8% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 13.1% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | — | 11.2% | ||
| Q2 24 | — | 14.1% | ||
| Q1 24 | — | 16.7% |
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | 1.83× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PSKY
| Affiliate And Subscription | $2.0B | 49% |
| Advertising | $1.3B | 31% |
| Licensing And Other | $775.0M | 19% |
| Related Party | $40.0M | 1% |
| Theatrical | $39.0M | 1% |
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
