WIDE MOAT STOCKS COMPARISON

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Stock Comparison

Brown-Forman Corporation vs Constellation Brands, Inc.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Brown-Forman Corporation

BF.B · New York Stock Exchange

Market cap (USD)$12.1B
Gross margin (TTM)60.7%
Operating margin (TTM)25.4%
Net margin (TTM)18.4%
SectorConsumer
IndustryBeer, wine and spirits
CountryUS
Data as of2026-08-23
69/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Brown-Forman Corporation's moat claims, evidence, and risks.

View BF.B analysis

Constellation Brands, Inc.

STZ · New York Stock Exchange

Market cap (USD)$21.9B
Gross margin (TTM)52.6%
Operating margin (TTM)32.1%
Net margin (TTM)20.1%
SectorConsumer
IndustryBeer, wine and spirits
CountryUS
Data as of2026-08-23
91/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Constellation Brands, Inc.'s moat claims, evidence, and risks.

View STZ analysis

Comparison highlights

  • Moat score gap: Constellation Brands, Inc. leads (91 / 100 vs 69 / 100 for Brown-Forman Corporation).
  • Segment focus: Brown-Forman Corporation has 5 segments (73.9% in Whiskey); Constellation Brands, Inc. has 2 segments (93.9% in Beer).
  • Primary market structure: Competitive vs Oligopoly. Pricing power: Moderate vs Moderate.
  • Moat breadth: Brown-Forman Corporation has 3 moat types across 2 domains; Constellation Brands, Inc. has 2 across 2.

Primary market context

Brown-Forman Corporation

Whiskey

Market

Premium-and-above whiskey spirits (American whiskey and import whiskies)

Geography

Global

Customer

Consumer (off-premise and on-premise via distributors/retailers)

Role

Brand owner / distiller / marketer

Revenue share

73.9%

Constellation Brands, Inc.

Beer

Market

U.S. high-end beer (imported beer + above-premium American beer)

Geography

United States

Customer

Beer wholesalers/distributors; retailers; on-premise

Role

Importer/producer; marketer; supplier to distributors

Revenue share

93.9%

Side-by-side metrics

Brown-Forman Corporation
Constellation Brands, Inc.
Ticker / Exchange
BF.B - New York Stock Exchange
STZ - New York Stock Exchange
Market cap (USD)
$12.1B
$21.9B
Gross margin (TTM)
60.7%
52.6%
Operating margin (TTM)
25.4%
32.1%
Net margin (TTM)
18.4%
20.1%
Sector
Consumer
Consumer
Industry
Beer, wine and spirits
Beer, wine and spirits
HQ country
US
US
Primary segment
Whiskey
Beer
Market structure
Competitive
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
69 / 100
91 / 100
Moat domains
Demand, Supply
Legal, Demand
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Brand Trust

Brown-Forman Corporation strengths

Distribution ControlCapacity Moat

Constellation Brands, Inc. strengths

Contractual Exclusivity

Segment mix

Brown-Forman Corporation segments

Full profile >

Whiskey

Competitive

73.9%

Ready-to-Drink (RTD/RTP)

Competitive

13.8%

Tequila

Competitive

6.4%

Rest of Portfolio (Other Branded Spirits)

Competitive

5.1%

Non-branded and Bulk

Competitive

0.8%

Constellation Brands, Inc. segments

Full profile >

Beer

Oligopoly

93.9%

Wine and Spirits

Competitive

6.1%

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

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