Alcohol has been part of human culture for thousands of years, and as an investment, it’s known more for stability than rapid growth. Demand for beer, wine, and spirits tends to hold up in both strong and weak economies, giving alcohol stocks a reputation for steady consumption and resilient sales.
The industry is dominated by large, publicly traded conglomerates, since many craft producers remain private. That means fewer high-growth plays, but potential for consistent growth and dividend income. For investors who value slow-and-steady businesses tied to everyday consumer habits, alcohol stocks can be worth a look.
Top alcohol stocks to consider
1. LVMH Moët Hennessy Louis Vuitton
OTC: LVMUY
Key Data Points
France's LVMH Moët Hennessy Louis Vuitton (LVMUY -1.54%) is the premier name in all things luxury goods. But champagne and other ultra-high-end spirits feature prominently in this diverse portfolio of high fashion. In fact, the company's name says as much. LVMH owns champagne house Moët Chandon, cognac maker Hennessy, and other brands, including Dom Pérignon, Krug, Veuve Clicquot, and more.
LVMH -- whose CEO Bernard Arnault was one of the world's richest people in 2025 -- has been a winner on the stock market historically. Its diversified portfolio of luxury goods, which includes fashion and leather goods, jewelry and watches, wines and spirits, and perfumes and cosmetics, has delivered steady growth.
However, recently the company has struggled due to challenges in China. The wines and spirits business, which makes up less than 10% of the company's total revenue, has been a sore spot, with organic sales down 4% through the first three quarters of the year.
Still, this is a long-term growth business. Its fashion collection is highly sought-after worldwide, and it's been able to grow through acquisitions, taking over Tiffany in 2021, for example. LVMH also pays a modest dividend, yielding 2% in December 2025 to complement the steady expansion of its portfolio of fashion, champagne, and other luxury goods.
2. Diageo
NYSE: DEO
Key Data Points
Diageo (DEO -0.12%) is the U.K.'s largest alcohol producer. It's also one of the world's largest businesses that is almost solely devoted to distilled products. Although it has a beer business -- Irish brewer Guinness is one of its subsidiaries -- Scotch whisky is the real breadwinner here.
Diageo is the parent of Johnnie Walker, Buchanan's, J&B, and Lagavulin. Other spirits brands outside its ample whisky business include Smirnoff, Baileys, and Tanqueray. It's an enviable stable of alcohol names, and Diageo has been able to coax steady growth from its portfolio for years.
It's also a highly profitable operation, historically generating an operating profit margin that tops 30% annually and with an adjusted operating margin of 28.2% in fiscal 2025, while organic revenue ticked up by 1.7%. Additionally, the company took $910 million in impairment charges, primarily due to a write-down in its Distill Ventures start-up incubator program and on the value of Aviation Gin.
Broader challenges, including slowing demand in key markets like North America and China, have weighed on the stock. Nevertheless, due to its exceptional profitability, Diageo is a top dividend income stock to consider from the alcohol stock universe, paying a yield of 4.8% in December 2025.
3. Pernod Ricard
OTC: PRNDY
Key Data Points
Pernod Ricard (OTC:PDRDY) is another house of alcohol brands tailored to wide-ranging tastes. The French company owns Pernod and Ricard, two anise-flavored liqueurs from which the company's name is derived. It also owns Absolut vodka, Beefeater gin, Chivas Regal Scotch whisky, Jameson Irish whiskey, Kahlua, Malibu, and many other labels.
Much like the other brands on this list, Pernod Ricard isn't the fastest-growing business around. In fact, organic revenue fell 3% in fiscal 2025 due to weakness in the U.S., where sales were down 6%, and in China, which had a decline of 21% due in part to macroeconomic weakness. In June, the company launched a restructuring plan, which would include job cuts.
Despite the recent challenges, the company also has enviable operating profit margins nearing the 30% range, and it owns many of the most recognized brands in the business.
4. Brown-Forman
NYSE: BFB
Key Data Points
Kentucky-based Brown-Forman (BF.B +0.13%) had its share of difficulties during the start of the COVID-19 pandemic. However, the leading maker of Tennessee and Kentucky whiskeys has enjoyed an overall increase in sales over the last five years
However, the company has struggled more recently, stating at the beginning of 2025 that it would cut 12% of the global workforce due to a general slowdown in the spirits industry and the threat of 50% tariffs imposed by the European Union. Through the first half of 2025, sales and profits declined as expected due to the challenge above.
Brown-Forman's whiskey brands include Jack Daniel's, Woodford Reserve, and Old Forester. It also owns a few Scotch whisky and tequila labels, Chambord liqueur, some wineries, and more.
The company generates operating margins well above 30% and uses them to reinvest in organic growth and to make the occasional acquisition. It also pays a small dividend for investors looking for a little income along the way. Brown-Forman has raised its dividend for 42 consecutive years.
5. Rémy Cointreau
OTC: REMYY
Key Data Points
Fifth on our list of alcohol stocks is another French company, Rémy Cointreau (OTC:REMY.Y), best known for its cognacs, Louis XIII and Rémy Martin, and its orange-flavored liqueur, Cointreau. A number of other distilled products, such as gin, rum, and a champagne house, round out the company's offerings.
Remy Cointreau has struggled of late. The company reported an organic sales decline of 18% in fiscal 2025, as demand has been sluggish in China, in part due to an increase in import duties.
Retailers in the U.S. have also pulled back on high-end products amid a shift in demand and inflationary pressure. That trend continued into the first half of fiscal 2026 with organic sales down 4.2%.
The company is working on fostering growth in its portfolio by elevating its brands' profiles as premium choices. It expects to return to organic sales growth in the second half of fiscal 2026.
6. Anheuser-Busch/InBev
NYSE: BUD
Key Data Points
Anheuser-Busch InBev (BUD -0.55%) is one of the biggest alcohol companies in the world. It was formed by the merger of Anheuser-Busch, the Budweiser parent, and InBev, the Belgian owner of beer brands such as Stella Artois and Beck's and liquor brands like Skol.
In 2016, AB InBev got even bigger with its acquisition of SAB Miller, though the beer maker was forced to divest several brands for the deal to pass regulatory muster. Today, AB InBev is massive, but it is still subject to the larger trends in the alcohol industry, including the fact that the young adult generation seems to be drinking less than their predecessors.
In the second quarter of 2025, organic volume sales were down 1.9%, though the company has seen success with its megabrands, such as Corona, which continues to gain market share around the world (although AB InBev doesn't own the U.S. rights to sell Corona).
7. Constellation Brands
NYSE: STZ
Key Data Points
Constellation Brands (STZ +0.45%) is best known as the domestic seller of Corona, Modelo, and other Grupo Modelo brands as part of a 2013 deal with AB InBev after regulators forced AB InBev to sell the domestic rights to those beers to allow its acquisition of Grupo Modelo. As a result, Constellation Brands' stock surged over a five-year period following the deal, though its growth has since faded.
In addition to the beer business, Constellation also owns liquor brands like High West Whiskey. However, it has been selling off its wine business in recent years.
The stock has recently attracted the interest of Warren Buffett's Berkshire Hathaway (BRK.A +0.05%)(BRK.B +0.07%), which invested in the stock, even though the business has struggled in 2025. Sales of Corona and Modelo have fallen, in part due to weakness among Hispanic consumers because of the immigration crackdown.
8. Molson Coors
NYSE: TAP
Key Data Points
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