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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Constellation Brands's retained earnings for the quarter that ended in May. 2026 was C$19,273 Mil.
Constellation Brands's quarterly retained earnings
declined
from Nov. 2025 (C$19,046 Mil) to Feb. 2026 (C$18,526 Mil) but then
increased
from Feb. 2026 (C$18,526 Mil) to May. 2026 (C$19,273 Mil).
Constellation Brands's annual retained earnings
declined
from Feb. 2024 (C$18,113 Mil) to Feb. 2025 (C$18,022 Mil) but then
increased
from Feb. 2025 (C$18,022 Mil) to Feb. 2026 (C$18,526 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Constellation Brands Retained Earnings Historical Data
* Premium members only.
The historical data trend for Constellation Brands's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of C$19,273 Mil mean?
Constellation Brands (TSX:STZ) has a Retained Earnings of C$19,273 Mil as of May. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Constellation Brands and its competitors.
Is Constellation Brands' Retained Earnings too high?
Constellation Brands' current Retained Earnings is C$19,273 Mil. Overall, Constellation Brands has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Constellation Brands' Retained Earnings compare to TAP and SAM?
Constellation Brands' Retained Earnings of C$19,273 Mil can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Beverages - Alcoholic company?
A good Retained Earnings depends on the Beverages - Alcoholic industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Constellation Brands and its competitors. Constellation Brands's current Retained Earnings is C$19,273 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Constellation Brands stock overvalued right now?
Based on GuruFocus' analysis, Constellation Brands (TSX:STZ) is currently considered Modestly Undervalued. The stock's GF Value™ is C$14.32, compared to a current price of C$10.50 — trading 26.7% below its estimated fair value. The current Retained Earnings is C$19,273 Mil. Constellation Brands' overall GF Score™ is 57/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Constellation Brands (TSX:STZ), the current Retained Earnings is C$19,273 Mil as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Constellation Brands (TSX:STZ) Overvalued in 2026?
Based on GuruFocus' analysis, Constellation Brands stock appears to be undervalued.
The current stock price of C$10.50 is trading 26.7% below its estimated GF Value™ of C$14.32.
GuruFocus considers Constellation Brands to be Modestly Undervalued.
Key valuation signals for TSX:STZ:
Retained Earnings: C$19,273 Mil
GF Value™: C$14.32 vs. price of C$10.50 (26.7% below fair value)
No single metric tells the full story. See the TSX:STZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the US, generating more than 90% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company has pruned assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the US, the firm has limited revenue exposure to international markets. Constellation owns a 10% stake in Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.
57GF Score
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Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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