FMX vs. STZ: Fomento Económico Mexicano vs. Constellation Brands Stock Comparison

November 11, 2026

How do Fomento Económico Mexicano (FMX) 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

Fomento Económico Mexicano (FMX) and Constellation Brands (STZ) both belong to the Beverages industry, though FMX is classified under Soft Drinks & Non-alcoholic Beverages while STZ falls under Distillers & Vintners.

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

Company profile comparison for Fomento Económico Mexicano (FMX) and Constellation Brands (STZ)
Profile Item	FMX	STZ
Name	Fomento Economico Mexicano S.A.B. de C.V. ADR	Constellation Brands Inc. Class A
Country/Region	Mexico	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Beverages	Beverages
GICS Sub-Industry	Soft Drinks & Non-alcoholic Beverages	Distillers & Vintners
Market Capitalization	44.24 billion USD	24.02 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	May 11, 1998	March 17, 1992
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

FMX

STZ

GSPC

Fomento Económico Mexicano (FMX) 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 Fomento Económico Mexicano (FMX) and Constellation Brands (STZ). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Fomento Económico Mexicano (FMX) and Constellation Brands (STZ)
Metric	FMX	STZ
Total Return (1Y)	42.35%	17.39%
Total Return (3Y, Annualized)	7.41%	-13.22%
Total Return (5Y, Annualized)	13.51%	-6.25%

Risk Profile

Drawdown History

FMX

STZ

GSPC

Fomento Económico Mexicano (FMX) 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 Fomento Económico Mexicano (FMX) and Constellation Brands (STZ). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Fomento Económico Mexicano (FMX) and Constellation Brands (STZ)
Metric	FMX	STZ
Volatility (1Y, Annualized)	24.53%	32.11%
Beta (5Y)	0.41	0.37
Max Drawdown (5Y)	-41.28%	-56.05%
Avg. Volume (3M)	526.12K	2.28M

Risk-Adjusted Performance

Risk-Return Positioning

FMX 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 Fomento Económico Mexicano (FMX) and Constellation Brands (STZ)
Metric	FMX	STZ
Sharpe Ratio (1Y)	1.55	0.41
Sortino Ratio (1Y)	2.44	0.61

Profitability

ROE (TTM)

Constellation Brands (STZ) at 24.02% sits in the top ROE quartile, while Fomento Económico Mexicano (FMX) at 14.96% is closer to the peer norm — stronger capital efficiency for STZ.

FMX

Food, Beverage & Tobacco industry group

14.96%

Max: 32.02%
Q3: 16.61%
FMX: 14.96%
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%

Fomento Económico Mexicano (FMX) vs. Constellation Brands (STZ): A comparison of their ROE against the Food, Beverage & Tobacco industry group benchmark.

Net Margin (TTM)

Constellation Brands (STZ) at 20.90% retains a top-quartile share of revenue as profit, ahead of Fomento Económico Mexicano (FMX) at 3.99%, which keeps about the industry-typical share.

FMX

Food, Beverage & Tobacco industry group

3.99%

Max: 24.83%
Q3: 11.22%
Median: 5.94%
FMX: 3.99%
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%

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

Operating Margin (TTM)

Constellation Brands (STZ) at 33.58% operates in the top operating margin quartile, ahead of Fomento Económico Mexicano (FMX) at 8.17%, which runs around its industry’s norm.

FMX

Food, Beverage & Tobacco industry group

8.17%

Max: 34.91%
Q3: 17.57%
Median: 11.06%
FMX: 8.17%
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%

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

Profitability Metrics

Profitability metrics for Fomento Económico Mexicano (FMX) and Constellation Brands (STZ)
Metric	FMX	STZ
ROE (TTM)	14.96%	24.02%
ROA (TTM)	6.56%	8.68%
Net Margin (TTM)	3.99%	20.90%
Operating Margin (TTM)	8.17%	33.58%
Gross Margin (TTM)	40.49%	52.77%

Growth

Revenue Growth

Fomento Económico Mexicano (FMX) at 7.60% is around its peer norm for revenue growth, while Constellation Brands (STZ) at -10.48% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Fomento Económico Mexicano (FMX) vs. Constellation Brands (STZ): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Fomento Económico Mexicano (FMX) reports EPS growth of -49.50%, ranked against its industry; Constellation Brands (STZ) has no EPS growth figure this period.

Fomento Económico Mexicano (FMX) vs. Constellation Brands (STZ): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Fomento Económico Mexicano (FMX) and Constellation Brands (STZ)
Metric	FMX	STZ
Revenue Growth (YoY)	7.60%	-10.48%
Revenue Growth (3Y CAGR)	12.10%	-1.12%
EPS Growth (YoY)	-49.50%	--
EPS Growth (3Y CAGR)	-6.47%	--

Financial Strength

Current Ratio (MRQ)

Fomento Económico Mexicano (FMX) at 1.15 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.

FMX

Food, Beverage & Tobacco industry group

1.15

Max: 4.01
Q3: 2.35
Median: 1.53
FMX: 1.15
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

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

Debt / Equity (MRQ)

Fomento Económico Mexicano (FMX) at 0.82 carries an industry-typical debt-to-equity mix, while Constellation Brands (STZ) at 1.16 uses more debt funding than most peers.

FMX

Food, Beverage & Tobacco industry group

0.82

Max: 2.19
Q3: 1.11
FMX: 0.82
Median: 0.68
Q1: 0.33
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

Fomento Económico Mexicano (FMX) 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 Fomento Económico Mexicano (FMX) and Constellation Brands (STZ)
Metric	FMX	STZ
Current Ratio (MRQ)	1.15	1.00
Debt / Equity (MRQ)	0.82	1.16
Net Debt / EBITDA	1.34	2.98

Dividends

Dividend Yield (TTM)

Fomento Económico Mexicano (FMX) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Constellation Brands (STZ) reports a yield of 2.84%, ranking against industry peers normally.

FMX

Food, Beverage & Tobacco industry group

0.00%

Max: 9.38%
Q3: 3.77%
Median: 1.76%
FMX: 0.00%
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%

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

Dividend Payout Ratio (TTM)

Both Fomento Económico Mexicano (FMX) at 39.05% 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.

FMX

Food, Beverage & Tobacco industry group

39.05%

Max: 199.19%
Q3: 81.03%
Median: 41.52%
FMX: 39.05%
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%

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

Dividend Metrics

Dividend metrics for Fomento Económico Mexicano (FMX) and Constellation Brands (STZ)
Metric	FMX	STZ
Dividend Yield (TTM)	0.00%	2.84%
Dividend Payout Ratio (TTM)	39.05%	36.71%

Valuation

P/E Ratio (TTM)

Both Fomento Económico Mexicano (FMX) at 8.40 and Constellation Brands (STZ) at 12.71 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.

FMX

Food, Beverage & Tobacco industry group

8.40

Max: 52.52
Q3: 30.78
Median: 18.76
Q1: 12.77
FMX: 8.40
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

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

P/S Ratio (TTM)

Fomento Económico Mexicano (FMX) at 0.05 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.

FMX

Food, Beverage & Tobacco industry group

0.05

Max: 4.64
Q3: 2.27
Median: 1.17
Q1: 0.52
FMX: 0.05
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

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

P/B Ratio (MRQ)

Constellation Brands (STZ) at 2.81 is valued about in line with its industry on P/B ratio, while Fomento Económico Mexicano (FMX) at 3.71 carries an above-peer premium to book — FMX is pricier on assets.

FMX

Food, Beverage & Tobacco industry group

3.71

Max: 6.35
FMX: 3.71
Q3: 3.07
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

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

Valuation Metrics

Valuation metrics for Fomento Económico Mexicano (FMX) and Constellation Brands (STZ)
Metric	FMX	STZ
P/E Ratio (TTM)	8.40	12.71
P/S Ratio (TTM)	0.05	2.61
P/B Ratio (MRQ)	3.71	2.81
Free Cash Flow Yield (TTM)	200.25%	4.66%