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Side-by-side financial comparison of Constellation Brands (STZ) and Textron (TXT). Click either name above to swap in a different company.
Textron is the larger business by last-quarter revenue ($4.2B vs $2.2B, roughly 1.9× Constellation Brands). Constellation Brands runs the higher net margin — 22.6% vs 5.6%, a 17.0% gap on every dollar of revenue. On growth, Textron posted the faster year-over-year revenue change (15.6% vs -9.8%). Textron produced more free cash flow last quarter ($527.0M vs $370.9M). Over the past eight quarters, Textron's revenue compounded faster (15.4% CAGR vs 1.9%).
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.
Textron Inc. is an American industrial conglomerate based in Providence, Rhode Island. Textron's subsidiaries include Bell Textron, Kautex, Textron Aviation, and Lycoming Engines. It was founded by Royal Little in 1923 as the Special Yarns Company. In 2020, Textron employed over 33,000 people in 25 countries. The company ranked 265th on the 2021 Fortune 500 of the largest United States corporations by revenue.
STZ vs TXT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $4.2B |
| Net Profit | $502.8M | $235.0M |
| Gross Margin | 53.2% | — |
| Operating Margin | 31.1% | — |
| Net Margin | 22.6% | 5.6% |
| Revenue YoY | -9.8% | 15.6% |
| Net Profit YoY | -18.4% | 66.7% |
| EPS (diluted) | — | — |
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 | $4.2B | ||
| Q3 25 | $2.5B | $3.6B | ||
| Q2 25 | $2.5B | $3.7B | ||
| Q1 25 | $2.2B | $3.3B | ||
| Q4 24 | $2.5B | $3.6B | ||
| Q3 24 | $2.9B | $3.4B | ||
| Q2 24 | $2.7B | $3.5B | ||
| Q1 24 | $2.1B | $3.1B |
| Q4 25 | $502.8M | $235.0M | ||
| Q3 25 | $466.0M | $234.0M | ||
| Q2 25 | $516.1M | $245.0M | ||
| Q1 25 | $-375.3M | $207.0M | ||
| Q4 24 | $615.9M | $141.0M | ||
| Q3 24 | $-1.2B | $223.0M | ||
| Q2 24 | $877.0M | $259.0M | ||
| Q1 24 | $392.4M | $201.0M |
| 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 | 35.2% | — | ||
| Q2 25 | 28.4% | — | ||
| Q1 25 | -6.9% | — | ||
| Q4 24 | 32.2% | 3.6% | ||
| Q3 24 | -42.1% | 7.4% | ||
| Q2 24 | 35.4% | 9.2% | ||
| Q1 24 | 29.4% | 7.6% |
| Q4 25 | 22.6% | 5.6% | ||
| Q3 25 | 18.8% | 6.5% | ||
| Q2 25 | 20.5% | 6.6% | ||
| Q1 25 | -17.3% | 6.3% | ||
| Q4 24 | 25.0% | 3.9% | ||
| Q3 24 | -41.1% | 6.5% | ||
| Q2 24 | 32.9% | 7.3% | ||
| Q1 24 | 18.3% | 6.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.13 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $152.4M | — |
| Total DebtLower is stronger | $10.3B | — |
| Stockholders' EquityBook value | $7.7B | — |
| Total Assets | $21.7B | — |
| Debt / EquityLower = less leverage | 1.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $152.4M | — | ||
| Q3 25 | $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 | $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 | $7.5B | $7.5B | ||
| Q2 25 | $7.3B | $7.4B | ||
| Q1 25 | $6.9B | $7.3B | ||
| Q4 24 | $7.8B | $7.2B | ||
| Q3 24 | $7.9B | $7.0B | ||
| Q2 24 | $10.3B | $6.9B | ||
| Q1 24 | $9.7B | $6.9B |
| Q4 25 | $21.7B | — | ||
| Q3 25 | $21.4B | $17.4B | ||
| Q2 25 | $22.3B | $17.1B | ||
| Q1 25 | $21.7B | $16.9B | ||
| Q4 24 | $22.8B | $16.8B | ||
| Q3 24 | $23.1B | $16.5B | ||
| Q2 24 | $26.1B | $16.4B | ||
| Q1 24 | $25.7B | $16.4B |
| Q4 25 | 1.33× | — | ||
| Q3 25 | 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 | $616.9M | $700.0M |
| Free Cash FlowOCF − Capex | $370.9M | $527.0M |
| FCF MarginFCF / Revenue | 16.7% | 12.6% |
| Capex IntensityCapex / Revenue | 11.1% | 4.1% |
| Cash ConversionOCF / Net Profit | 1.23× | 2.98× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $929.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $616.9M | $700.0M | ||
| Q3 25 | $852.1M | $349.0M | ||
| Q2 25 | $637.2M | $387.0M | ||
| Q1 25 | $594.7M | $-124.0M | ||
| Q4 24 | $685.2M | $446.0M | ||
| Q3 24 | $1.2B | $208.0M | ||
| Q2 24 | $690.5M | $367.0M | ||
| Q1 24 | $433.2M | $-7.0M |
| Q4 25 | $370.9M | $527.0M | ||
| Q3 25 | $634.8M | $273.0M | ||
| Q2 25 | $444.4M | $309.0M | ||
| Q1 25 | $312.1M | $-180.0M | ||
| Q4 24 | $456.8M | $293.0M | ||
| Q3 24 | $854.0M | $137.0M | ||
| Q2 24 | $315.2M | $293.0M | ||
| Q1 24 | $76.0M | $-73.0M |
| Q4 25 | 16.7% | 12.6% | ||
| Q3 25 | 25.6% | 7.6% | ||
| Q2 25 | 17.7% | 8.3% | ||
| Q1 25 | 14.4% | -5.4% | ||
| Q4 24 | 18.5% | 8.1% | ||
| Q3 24 | 29.3% | 4.0% | ||
| Q2 24 | 11.8% | 8.3% | ||
| Q1 24 | 3.6% | -2.3% |
| Q4 25 | 11.1% | 4.1% | ||
| Q3 25 | 8.8% | 2.1% | ||
| Q2 25 | 7.7% | 2.1% | ||
| Q1 25 | 13.1% | 1.7% | ||
| Q4 24 | 9.3% | 4.2% | ||
| Q3 24 | 11.2% | 2.1% | ||
| Q2 24 | 14.1% | 2.1% | ||
| Q1 24 | 16.7% | 2.1% |
| Q4 25 | 1.23× | 2.98× | ||
| Q3 25 | 1.83× | 1.49× | ||
| Q2 25 | 1.23× | 1.58× | ||
| Q1 25 | — | -0.60× | ||
| Q4 24 | 1.11× | 3.16× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | 0.79× | 1.42× | ||
| Q1 24 | 1.10× | -0.03× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
TXT
| Aircraft | $1.2B | 29% |
| Military Aircraft And Support Programs | $655.0M | 16% |
| Aftermarket Parts And Services | $551.0M | 13% |
| Services | $507.0M | 12% |
| Fuel Systems And Functional Components | $480.0M | 11% |
| Textron Systems | $323.0M | 8% |
| Other | $317.0M | 8% |
| US Government | $119.0M | 3% |
| Finance | $18.0M | 0% |
| Textron E Aviation Segment | $7.0M | 0% |
