Constellation Brands Inc Class A (STZ)

Return on equity (ROE)

		Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020
Net income	US$ in thousands	1,727,400	-71,000	-40,400	1,998,000	-11,800
Total stockholders’ equity	US$ in thousands	9,743,100	8,413,600	11,731,900	13,598,900	12,131,800
ROE		17.73%	-0.84%	-0.34%	14.69%	-0.10%

February 29, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,727,400K ÷ $9,743,100K
= 17.73%

Constellation Brands Inc Class A's return on equity (ROE) has exhibited significant variability over the past five years. In 2024, the ROE stood at 17.73%, reflecting a strong performance in generating profits relative to shareholders' equity. This marks a notable improvement compared to the negative ROE figures reported in 2023 and 2022, indicating challenges in generating returns for shareholders during those periods. The positive ROE in 2021 at 14.69% suggests a recovery from the negative trend observed in the two preceding years. The slight negative ROE in 2020 at -0.10% indicates a marginal underperformance in utilizing shareholder equity to generate returns. Overall, the fluctuating ROE figures reflect varying levels of profitability and efficiency in utilizing equity across the years analyzed.