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SAMThe Boston Beer Company, Inc.
$183.16$2.0B
Overview & Verdict
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SAM logoThe Boston Beer Company, Inc.(SAM)Earnings, Financials & Key Ratios

SAM•NYSE
$183.16
18.5× P/E·Price updated Jul 7, 2026
SectorConsumer DefensiveIndustryAlcoholic BeveragesSub-IndustryBeer Brewers and Bottlers
AboutThe Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, Concrete Beach brand names. The company markets and sells its products to a network of approximately 400 wholesalers in the United States, as well as international 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 retail outlets. It also sells in products in Canada, Europe, Israel, Australia, New Zealand, the Caribbean, the Pacific Rim, Mexico, and Central and South America. The Boston Beer Company, Inc. was founded in 1984 and is based in Boston, Massachusetts.Show more
  • Revenue$2.09B+3.7%
  • EBITDA$235M+38.5%
  • Net Income$108M+81.7%
  • EPS (Diluted)9.89+95.5%
  • Gross Margin45.64%+2.8%
  • EBITDA Margin11.27%+33.5%
  • Operating Margin6.94%+83.9%
  • Net Margin5.2%+75.2%
  • ROE12.31%+105.6%

SAM Price & Volume

The Boston Beer Company, Inc. (SAM) stock price & volume — 10-year historical chart

Loading chart...

Operational Volatility Challenges Boston Beer's Margin Stability

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Seasonal Demand Volatility

Key Thesis Takeaways

  • The Boston Beer Company faces significant structural headwinds as its reliance on seasonal demand and contract manufacturing leads to erratic profitability, evidenced by a $190.5 million operating loss in 2026Q1.
  • While the company maintains a low debt-to-equity ratio of 0.05, the rapid erosion of retained earnings into a $21.4 million deficit suggests that historical capital strength is being compromised by persistent operational inefficiencies.
  • Investors should remain cautious as the company struggles to scale its fixed cost base, with future performance likely contingent on stabilizing gross margins that fluctuated between 33.0% and 50.8% over the last six quarters.

Verdict Logic

the company's inability to maintain consistent profitability, highlighted by a $145.3 million net loss in 2026Q1, suggests that current valuation multiples do not adequately reflect the underlying operational risks.

SAM Growth Metrics

The Boston Beer Company, Inc. (SAM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years8.08%
5 Years3.75%
3 Years-0.05%
TTM2.66%

Profit CAGR

10 Years0.98%
5 Years-10.79%
3 Years17.27%
TTM-185.59%

EPS CAGR

10 Years3.15%
5 Years-8.63%
3 Years22.05%
TTM-204.13%

Return on Capital

10 Years15.92%
5 Years7.66%
3 Years9.96%
Last Year14.79%

SAM Recent Earnings

The Boston Beer Company, Inc. (SAM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$1.64-16.3%
$1.96
Rev
$434M-0.5%
$436M
Q1 2026
Feb 24, 2026
Metric
Actual
Est
EPS
$2.12+9.0%
$2.33
Rev
$386M+1.1%
$382M
Q4 2025
Oct 23, 2025
Metric
Actual
Est
EPS
$4.25+12.4%
$3.78
Rev
$537M+40.5%
$383M
Q3 2025
Jul 24, 2025
Metric
Actual
Est
EPS
$5.45+24.7%
$4.37
Rev
$625M+7.0%
$585M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$1.64vs $1.96-16.3%
$434Mvs $436M-0.5%
Q1 2026Feb 24, 2026
$2.12vs $2.33+9.0%
$386Mvs $382M+1.1%
Q4 2025Oct 23, 2025
$4.25vs $3.78+12.4%
$537Mvs $383M+40.5%
Q3 2025Jul 24, 2025
$5.45vs $4.37+24.7%
$625Mvs $585M+7.0%
Based on last 12 quarters of dataView full earnings history →

Latest SAM News

Recent stock market news and headlines for The Boston Beer Company, Inc. (SAM)

GlobeNewsWire·Jun 26, 2026
TRULY HARD SELTZER BETS $5 MILLION THAT U.S. SOCCER WILL WIN IT ALL, AND GIVES ONE FAN THE CHANCE TO CASH IN

The Official Hard Seltzer of U.S. Soccer is offering what's believed to be the largest single fan prize ever tied to American soccer, paying one believer $5 million if the U.S. Men's National Team wins it all The Official Hard Seltzer of U.S. Soccer is offering what's believed to be the largest single fan prize ever tied to American soccer, paying one believer $5 million if the U.S. Men's National Team wins it all

Zacks Investment Research·Jun 25, 2026
Why Does Boston Beer Expect Lower Volume Growth in 2026?

SAM cuts its 2026 volume outlook after Q1 depletions and shipment fall, as key brands stay under pressure.

GlobeNewsWire·Jun 25, 2026
SUN CRUISER AND DYLAN EFRON TEAM UP TO GET DRINKERS OUTSIDE ALL SUMMER LONG

The vodka iced tea and lemonade brand is dropping a limited-edition Dylan Efron-inspired variety pack, plus in-person pop-ups to celebrate peak summer The vodka iced tea and lemonade brand is dropping a limited-edition Dylan Efron-inspired variety pack, plus in-person pop-ups to celebrate peak summer

GlobeNewsWire·Jun 23, 2026
SAMUEL ADAMS AWARDS SOUL MEGA 2026 BREWING & BUSINESS EXPERIENCESHIP

Brewing the American Dream Program Continues Legacy of Small Business Support with New Top Craft Brewer Selection Brewing the American Dream Program Continues Legacy of Small Business Support with New Top Craft Brewer Selection

GlobeNewsWire·Jun 22, 2026
Dogfish Head & Rolling Stone Celebrate 250 Years of American Music with Exclusive Whiskey Collaboration

MILTON, Del., June 22, 2026 (GLOBE NEWSWIRE) -- A duet for the ages, Dogfish Head and Rolling Stone celebrate 250 years of American music with an exclusive whiskey collaboration. Similar to the makings of a great song, the Dogfish Head x Rolling Stone Whiskey is layered with sensory nuances, blending whiskey and brandy matured in 12 different barrel types, including Dogfish Head whiskey and brandy barrels and Samuel Adams Utopias barrels, to create a complex and uniquely American whiskey. At 90 proof (45% ABV), this new, five-year-aged American single malt whiskey delivers layered flavor and character while maintaining a smooth finish.

Peers Comparison

Key metrics vs top competitors for The Boston Beer Company, Inc. (SAM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SAM logoSAMThe Boston Beer Company, Inc.Current
$183.16$1.96B18.523.69%5.2%12.31%—
TAP logoTAPMolson Coors Beverage Company
$39.04$7.33B-3.60-4.18%-18.85%-18.64%—
BUD logoBUDAnheuser-Busch InBev SA/NV
$79.74$137.22B27.880.65%10.49%13.75%—
STZ logoSTZConstellation Brands, Inc.
$136.88$23.38B14.24-10.47%20.14%22.3%—
MGPI logoMGPIMGP Ingredients, Inc.
$16.63$355.4M-3.33-23.77%-45.97%-32.05%—
WVVI logoWVVIWillamette Valley Vineyards, Inc.
$2.65$13.2M-4.1453.74%-1.99%-1.12%—

Compare SAM vs Peers

The Boston Beer Company, Inc. (SAM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TAP

Most directly comparable listed peer for SAM.

Scale Benchmark

vs KO

Larger-name benchmark to compare SAM against a more recognizable public peer.

Peer Set

Compare Top 5

vs TAP, BUD, STZ, MGPI

SAM SEC Filings & Documents

The Boston Beer Company, Inc. (SAM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Apr 10, 2026·SEC

Material company update

Mar 16, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 25, 2025·SEC

FY 2024

Feb 27, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 23, 2025·SEC

FY 2025

Jul 24, 2025·SEC

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SAM Frequently Asked Questions

The Boston Beer Company, Inc. (SAM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is The Boston Beer Company, Inc.'s revenue?

The Boston Beer Company, Inc. (SAM) reported $2.09B in revenue for fiscal year 2025. This represents a 996% increase from $191.1M in 1996.

How fast is The Boston Beer Company, Inc. growing?

The Boston Beer Company, Inc. (SAM) grew revenue by 3.7% over the past year. Growth has been modest.

Is SAM profitable?

The Boston Beer Company, Inc. (SAM) reported a net loss of $61.2M for fiscal year 2025.

Dividend & Returns
What is SAM's return on equity?

The Boston Beer Company, Inc. (SAM) has a return on equity (ROE) of 12.3%. This is reasonable for most industries.

What is The Boston Beer Company, Inc.'s free cash flow?

The Boston Beer Company, Inc. (SAM) generated $190.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in SAM back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →