ABEV vs. STZ: Ambev vs. Constellation Brands Stock Comparison

November 11, 2026

How do Ambev (ABEV) and Constellation Brands (STZ) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Ambev (ABEV) and Constellation Brands (STZ) both belong to the Beverages industry, though ABEV is classified under Brewers while STZ falls under Distillers & Vintners.

Constellation Brands (STZ) trades as ordinary local shares, while Ambev (ABEV) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Ambev (ABEV) and Constellation Brands (STZ)
Profile Item	ABEV	STZ
Name	Ambev S.A. ADR	Constellation Brands Inc. Class A
Country/Region	Brazil	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Beverages	Beverages
GICS Sub-Industry	Brewers	Distillers & Vintners
Market Capitalization	43.01 billion USD	24.02 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 5, 1997	March 17, 1992
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

ABEV

STZ

GSPC

Ambev (ABEV) vs. Constellation Brands (STZ), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Ambev (ABEV) and Constellation Brands (STZ). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Ambev (ABEV) and Constellation Brands (STZ). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Ambev (ABEV) and Constellation Brands (STZ)
Metric	ABEV	STZ
Total Return (1Y)	15.68%	17.39%
Total Return (3Y, Annualized)	5.87%	-13.22%
Total Return (5Y, Annualized)	1.96%	-6.25%

Risk Profile

Drawdown History

ABEV

STZ

GSPC

Ambev (ABEV) vs. Constellation Brands (STZ), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Ambev (ABEV) and Constellation Brands (STZ). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Ambev (ABEV) and Constellation Brands (STZ)
Metric	ABEV	STZ
Volatility (1Y, Annualized)	35.89%	32.11%
Beta (5Y)	0.56	0.37
Max Drawdown (5Y)	-38.91%	-56.05%
Avg. Volume (3M)	26.44M	2.28M

Risk-Adjusted Performance

Risk-Return Positioning

ABEV and STZ are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Ambev (ABEV) and Constellation Brands (STZ)
Metric	ABEV	STZ
Sharpe Ratio (1Y)	0.32	0.41
Sortino Ratio (1Y)	0.47	0.61

Profitability

ROE (TTM)

Both Ambev (ABEV) at 17.65% and Constellation Brands (STZ) at 24.02% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

ABEV

Food, Beverage & Tobacco industry group

17.65%

Max: 32.02%
ABEV: 17.65%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

STZ

Food, Beverage & Tobacco industry group

24.02%

Max: 32.02%
STZ: 24.02%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

Ambev (ABEV) vs. Constellation Brands (STZ): A comparison of their ROE against the Food, Beverage & Tobacco industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Ambev (ABEV) at 17.69% and Constellation Brands (STZ) at 20.90% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ABEV

Food, Beverage & Tobacco industry group

17.69%

Max: 24.83%
ABEV: 17.69%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

STZ

Food, Beverage & Tobacco industry group

20.90%

Max: 24.83%
STZ: 20.90%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

Ambev (ABEV) vs. Constellation Brands (STZ): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

Both Ambev (ABEV) at 25.56% and Constellation Brands (STZ) at 33.58% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

ABEV

Food, Beverage & Tobacco industry group

25.56%

Max: 34.91%
ABEV: 25.56%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

STZ

Food, Beverage & Tobacco industry group

33.58%

Max: 34.91%
STZ: 33.58%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

Ambev (ABEV) vs. Constellation Brands (STZ): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for Ambev (ABEV) and Constellation Brands (STZ)
Metric	ABEV	STZ
ROE (TTM)	17.65%	24.02%
ROA (TTM)	10.27%	8.68%
Net Margin (TTM)	17.69%	20.90%
Operating Margin (TTM)	25.56%	33.58%
Gross Margin (TTM)	51.78%	52.77%

Growth

Revenue Growth

Both Ambev (ABEV) at -1.35% and Constellation Brands (STZ) at -10.48% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

Ambev (ABEV) vs. Constellation Brands (STZ): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Ambev (ABEV) reports EPS growth of 2.20%, ranked against its industry; Constellation Brands (STZ) has no EPS growth figure this period.

Ambev (ABEV) vs. Constellation Brands (STZ): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Ambev (ABEV) and Constellation Brands (STZ)
Metric	ABEV	STZ
Revenue Growth (YoY)	-1.35%	-10.48%
Revenue Growth (3Y CAGR)	3.45%	-1.12%
EPS Growth (YoY)	2.20%	--
EPS Growth (3Y CAGR)	0.00%	--

Financial Strength

Current Ratio (MRQ)

Ambev (ABEV) at 1.06 keeps current ratio within its industry’s typical mid-range, while Constellation Brands (STZ) at 1.00 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for STZ.

ABEV

Food, Beverage & Tobacco industry group

1.06

Max: 4.01
Q3: 2.35
Median: 1.53
ABEV: 1.06
Q1: 1.02
Min: 0.33

STZ

Food, Beverage & Tobacco industry group

1.00

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
STZ: 1.00
Min: 0.33

Ambev (ABEV) vs. Constellation Brands (STZ): A comparison of their current ratio against the Food, Beverage & Tobacco industry group benchmark.

Debt / Equity (MRQ)

Ambev (ABEV) at 0.03 keeps leverage in the lower quartile, while Constellation Brands (STZ) at 1.16 sits in the higher-leverage quartile.

ABEV

Food, Beverage & Tobacco industry group

0.03

Max: 2.19
Q3: 1.11
Median: 0.68
Q1: 0.33
ABEV: 0.03
Min: 0.00

STZ

Food, Beverage & Tobacco industry group

1.16

Max: 2.19
STZ: 1.16
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00

Ambev (ABEV) vs. Constellation Brands (STZ): A comparison of their debt-to-equity ratio against the Food, Beverage & Tobacco industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Ambev (ABEV) and Constellation Brands (STZ)
Metric	ABEV	STZ
Current Ratio (MRQ)	1.06	1.00
Debt / Equity (MRQ)	0.03	1.16
Net Debt / EBITDA	-0.72	2.98

Dividends

Dividend Yield (TTM)

Constellation Brands (STZ) at 2.84% pays an industry-typical yield; Ambev (ABEV) at 9.64% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

ABEV

Food, Beverage & Tobacco industry group

9.64%

ABEV: 9.64%
Max: 9.38%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

STZ

Food, Beverage & Tobacco industry group

2.84%

Max: 9.38%
Q3: 3.77%
STZ: 2.84%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

Ambev (ABEV) vs. Constellation Brands (STZ): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Both Ambev (ABEV) at 74.21% and Constellation Brands (STZ) at 36.71% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

ABEV

Food, Beverage & Tobacco industry group

74.21%

Max: 199.19%
Q3: 81.03%
ABEV: 74.21%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

STZ

Food, Beverage & Tobacco industry group

36.71%

Max: 199.19%
Q3: 81.03%
Median: 41.52%
STZ: 36.71%
Q1: 0.00%
Min: 0.00%

Ambev (ABEV) vs. Constellation Brands (STZ): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for Ambev (ABEV) and Constellation Brands (STZ)
Metric	ABEV	STZ
Dividend Yield (TTM)	9.64%	2.84%
Dividend Payout Ratio (TTM)	74.21%	36.71%

Valuation

P/E Ratio (TTM)

Constellation Brands (STZ) at 12.71 sits in the cheaper P/E ratio quartile, while Ambev (ABEV) at 14.68 is closer to its industry’s usual earnings multiple — a discount for STZ, though growth and earnings durability still matter.

ABEV

Food, Beverage & Tobacco industry group

14.68

Max: 52.52
Q3: 30.78
Median: 18.76
ABEV: 14.68
Q1: 12.77
Min: 4.72

STZ

Food, Beverage & Tobacco industry group

12.71

Max: 52.52
Q3: 30.78
Median: 18.76
Q1: 12.77
STZ: 12.71
Min: 4.72

Ambev (ABEV) vs. Constellation Brands (STZ): A comparison of their P/E ratio against the Food, Beverage & Tobacco industry group benchmark.

P/S Ratio (TTM)

Ambev (ABEV) at 0.48 looks cheap on sales in the lower P/S ratio quartile, while Constellation Brands (STZ) at 2.61 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

ABEV

Food, Beverage & Tobacco industry group

0.48

Max: 4.64
Q3: 2.27
Median: 1.17
Q1: 0.52
ABEV: 0.48
Min: 0.00

STZ

Food, Beverage & Tobacco industry group

2.61

Max: 4.64
STZ: 2.61
Q3: 2.27
Median: 1.17
Q1: 0.52
Min: 0.00

Ambev (ABEV) vs. Constellation Brands (STZ): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Ambev (ABEV) at 2.38 and Constellation Brands (STZ) at 2.81 are valued close to their industries’ norm against book — neither stands out from peers.

ABEV

Food, Beverage & Tobacco industry group

2.38

Max: 6.35
Q3: 3.07
ABEV: 2.38
Median: 1.58
Q1: 0.82
Min: 0.00

STZ

Food, Beverage & Tobacco industry group

2.81

Max: 6.35
Q3: 3.07
STZ: 2.81
Median: 1.58
Q1: 0.82
Min: 0.00

Ambev (ABEV) vs. Constellation Brands (STZ): A comparison of their P/B ratio against the Food, Beverage & Tobacco industry group benchmark.

Valuation Metrics

Valuation metrics for Ambev (ABEV) and Constellation Brands (STZ)
Metric	ABEV	STZ
P/E Ratio (TTM)	14.68	12.71
P/S Ratio (TTM)	0.48	2.61
P/B Ratio (MRQ)	2.38	2.81
Free Cash Flow Yield (TTM)	48.96%	4.66%