Beverages - Alcoholic

5 companies · $113B combined revenue · $19.9B operating profit

The typical US-listed beverages - alcoholic company grew revenue -1.2% and earnings -20.3% in its latest year, at a 25.5% operating margin, and 1 of 5 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.

-1.2%Median revenue growth
-20.3%Median earnings growth
-0.6%Median revenue growth, 3 yrs
-3%Median earnings growth, 3 yrs
25.5%Median operating margin
8.7%Median ROCE

Growth engines: the 4 Cylinders

All four working: 0% of companies

A company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.

  • Sales growth · Revenue up 10% or more0%
  • Operating leverage · Operating income growing faster than a growing revenue0%
  • Margin expansion · Operating margin up 1 point or more20%
  • Debt reduction · Debt down 5% or more, or net cash20%

Combined revenue · 5 companies reporting in US dollars

Revenue
$0$50B$100B$150BFY22FY23FY24FY25

Combined operating margin

Operating margin
0%10%20%30%FY22FY23FY24FY25

All 5 companies

Median–-1.2%-20.3%25.5%8.7%0.84x
BUDAnheuser-Busch InBev$59.3B-0.7%▲14.3%▲26%▲8.4%▼0.84x
DEODiageo$27.8B-0.7%▲-22.9%▼11.4%▼8.7%1.98x▼
STZConstellation Brands$9.1B-10.5%▼–29.8%▲14.2%▲1.27x▼
BF-BBrown Forman$3.9B-1.2%-17.7%▲25.5%15%▲0.61x▲
TAPMolson Coors Beverage$13.0B-5.1%▼-291%▼-17.9%▼-13.4%▼0.61x▲

▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).