Boston Beer Co Inc (SAM)

The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. Its flagship beer is Samuel Adams Boston Lager. The company offers various beers, hard ciders, spirits based ready to drink beverages, distilled spirits, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, and Sun Cruiser brand names. It markets and sells its products to a network wholesaler in the United States, as well as wholesalers, importers, or other agencies that in turn sell to retailers, such as grocery stores, club stores, convenience stores, liquor stores, bars, restaurants, stadiums, and other traditional and e-commerce retail outlets. It sells its products in Canada, Mexico, and internationally. The Boston Beer Company, Inc. was founded in 1984 and is based in Boston, Massachusetts.

Ticker: SAM
Exchange: NYSE
Sector: Consumer Defensive
Industry: Beverages - Brewers
Market cap: $2.24B
52-week range: $158.68 - $264.46

Valuation

Share price: $220.64 (close of Nov 6, 2026)
P/E (TTM): -33.08x
Price to book: 3.04x
Price to free cash flow: 12.10x
Enterprise value: $1.96B
Book value per share: $72.49

Price performance

Period	Change
1 day	-1.92%
5 days	+9.60%
1 month	+29.51%
3 months	+20.54%
6 months	+6.92%
Year to date	+13.07%
1 year	+10.62%
3 years	-34.96%
5 years	-56.11%
10 years	+40.71%
All time	+688.00%

Short interest

As of: Oct 15, 2026
Short % of float: 26.36%
Shares short: 1.67M
Days to cover: 9.18
Change since prior report: +5.18%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 12.82%
Return on invested capital: 11.30%
Return on assets: 9.09%
Return on capital employed: 15.40%
Gross margin: 48.48%
Net margin: 5.52%
EBITDA margin: 11.98%
Revenue growth: -2.38%
Net income growth: 81.71%
Free cash flow growth: 24.90%

Cash flow and balance sheet

Free cash flow yield (TTM): 8.26%
Current ratio: 1.13x
Net debt to EBITDA: -1.48x

Latest reported year

Period end: Dec 27, 2025
Fiscal year: 2025
Revenue: $1.96B
Cost of revenue: $1.01B
Gross profit: $952.58M
EBITDA: $235.32M
Net income: $108.47M
Earnings per share: $9.90
Shares outstanding: 10.96M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-27	$1.96B	$952.58M	$108.47M	$9.90
2024-12-28	$2.01B	$893.73M	$59.70M	$5.07
2023-12-30	$2.01B	$852.37M	$76.25M	$6.23
2022-12-31	$2.09B	$861.99M	$67.26M	$5.46
2021-12-25	$2.06B	$797.79M	$14.55M	$1.19
2020-12-26	$1.74B	$814.45M	$191.96M	$15.73
2019-12-28	$1.25B	$614.17M	$110.04M	$9.26
2018-12-29	$995.65M	$512.24M	$92.66M	$7.90
2017-12-30	$862.99M	$449.90M	$99.05M	$8.18
2016-12-31	$906.45M	$459.67M	$87.35M	$6.93

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-27	48.48%	5.52%	12.82%	11.30%
2024-12-28	44.40%	2.97%	6.52%	5.05%
2023-12-30	42.44%	3.80%	7.07%	5.94%
2022-12-31	41.24%	3.22%	6.29%	5.93%
2021-12-25	38.77%	0.71%	1.48%	0.76%
2020-12-26	46.90%	11.05%	20.06%	18.66%
2019-12-28	49.14%	8.80%	14.96%	13.87%
2018-12-29	51.45%	9.31%	20.13%	20.04%
2017-12-30	52.13%	11.48%	23.39%	23.28%
2016-12-31	50.71%	9.64%	19.56%	19.66%

Cash and debt by year

Period end	Cash	Debt
2025-12-27	$223.38M	-
2024-12-28	$211.82M	-
2023-12-30	$298.49M	-
2022-12-31	$180.56M	-
2021-12-25	$26.85M	-
2020-12-26	$163.28M	-
2019-12-28	$36.67M	-
2018-12-29	$108.40M	-
2017-12-30	$65.64M	-
2016-12-31	$91.03M	$411.00K

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-27	$215.59M	$21.75M
2024-12-28	$172.62M	$18.95M
2023-12-30	$201.06M	$16.97M
2022-12-31	$109.36M	$13.99M
2021-12-25	-$91.62M	$18.61M
2020-12-26	$113.41M	$15.28M
2019-12-28	$85.01M	$12.34M
2018-12-29	$107.99M	$10.04M
2017-12-30	$103.00M	$6.32M
2016-12-31	$104.28M	$6.15M

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-22	Sep 2026	$4.30
2026-07-23	Jun 2026	$4.77
2026-04-30	Mar 2026	$1.85
2026-02-24	Dec 2025	-$2.33
2025-10-23	Sep 2025	$3.78
2025-07-24	Jun 2025	$4.37
2025-04-24	Mar 2025	$0.78
2025-02-25	Dec 2024	-$1.18

Filings and sources

Company website: bostonbeer.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

Similar companies

Anheuser-Busch InBev SA/NV (BUD) · Constellation Brands, Inc. (STZ) · Molson Coors Beverage Co (TAP) · Mexican Economic Development Inc (FMX) · Philip Morris International Inc. (PM) · Altria Group, Inc. (MO) · Diageo plc (DEO) · Brown-Forman Corp (BF-B)

All Consumer Defensive companies

Understanding these figures

Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades