Category 02
Alcoholic beverages
Public producers and distributors whose primary economics come from beer, wine, spirits, or alcohol-led venues.
Classification and underwriting
- Category definition
- Public producers and distributors whose primary economics come from beer, wine, spirits, or alcohol-led venues.
- Inclusion rules
- brewers
- distillers
- wineries
- alcohol distributors
- alcohol-led venues
- Exclusion rules
- restaurants or grocers unless alcohol is primary
- Value-chain roles
- producer
- brand owner
- distributor
- alcohol-led venue operator
- Exposure measurement
- Alcohol revenue share, category mix, geography, and control of route to market.
- Core operating signals
- shipment volume
- depletions
- net sales growth
- price and mix
- distributor inventory
- Underwriting variables
- brand strength
- route to market
- premiumization
- input costs
- geographic tax exposure
- Failure conditions
- sustained volume loss
- excise-tax shock
- distribution impairment
- brand erosion
- leverage stress
- Monitoring triggers
- volume guidance changes
- inventory build
- tax proposals
- gross-margin compression
- debt covenant pressure
- Portfolio use
- Consumer-staple-like cash flows tested against volume decline, input inflation, and regulatory pressure.
Alcoholic beverages company research
Latest annual filing available through SEC EDGAR. Fiscal periods and currencies remain separate.
| Company | Revenue | Operating margin | Net margin | Operating cash flow | Assets | Liabilities | Annual filing |
|---|---|---|---|---|---|---|---|
| BUD · Anheuser-Busch InBev SA/NV | USD 59.3 B | 26% | 14.3% | USD 14.9 B | USD 219 B | USD 121 B | 20-F · 2025-12-31 |
| TAP · MOLSON COORS BEVERAGE CO | USD 13 B | -17.9% | -16.4% | USD 1.8 B | USD 22.7 B | USD 12.2 B | 10-K · 2025-12-31 |
| STZ · CONSTELLATION BRANDS, INC. | USD 1.9 B | 141.7% | 10.5% | USD 2.7 B | USD 21.9 B | USD 13.5 B | 10-K · 2026-02-28 |
| DEO · DIAGEO PLC | USD 28 B | 15.5% | 9.1% | USD 4.3 B | USD 49.3 B | USD 36.1 B | 20-F · 2025-06-30 |
Research coverage only. No row identifies a holding, ranking, recommendation, target price, or performance result.