The Boston Beer Company, Inc. (SAM) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 461.58M | 507.94M | 537.49M | 587.95M | 453.87M | 402.3M | 605.48M | 579.1M | 426.05M | 393.72M | 601.6M | 603.3M | 410M | 447.52M | 596.45M | 616.24M | 430.11M | 348.09M | 561.64M | 602.8M |
| Revenue Growth % | 1.7% | 26.26% | -11.23% | 1.53% | 6.53% | 2.18% | 0.64% | -4.01% | 3.92% | -12.02% | 0.86% | -2.1% | -4.68% | 28.56% | 6.2% | 2.23% | -21.09% | -24.48% | 13.97% | 33.32% |
| Cost of Goods Sold | 247.62M | 340.26M | 264.38M | 295.43M | 234.6M | 241.61M | 325.24M | 312.64M | 239.7M | 245.83M | 326.95M | 329.14M | 254.34M | 282.01M | 338.71M | 350.47M | 257.16M | 248.32M | 388.95M | 327.12M |
| COGS % of Revenue | 53.65% | 66.99% | 49.19% | 50.25% | 51.69% | 60.06% | 53.72% | 53.99% | 56.26% | 62.44% | 54.35% | 54.56% | 62.03% | 63.02% | 56.79% | 56.87% | 59.79% | 71.34% | 69.25% | 54.27% |
| Gross Profit | 213.96M | 167.68M | 273.12M | 292.52M | 219.26M | 160.69M | 280.24M | 266.46M | 186.35M | 147.9M | 274.65M | 274.16M | 155.66M | 165.51M | 257.75M | 265.78M | 172.95M | 99.78M | 172.7M | 275.69M |
| Gross Margin % | 46.35% | 33.01% | 50.81% | 49.75% | 48.31% | 39.94% | 46.28% | 46.01% | 43.74% | 37.56% | 45.65% | 45.44% | 37.97% | 36.98% | 43.21% | 43.13% | 40.21% | 28.66% | 30.75% | 45.73% |
| Gross Profit Growth % | -2.42% | 4.35% | -2.54% | 9.78% | 17.66% | 8.65% | 2.04% | -2.81% | 19.71% | -10.64% | 6.56% | 3.16% | -10% | 65.88% | 49.25% | -3.6% | -30.72% | -52.23% | -28.22% | 31.52% |
| Operating Expenses | 192.38M | 202.11M | 209.65M | 210.45M | 185.49M | 216.71M | 234.41M | 195.64M | 170.99M | 173.82M | 213.15M | 195.79M | 169.61M | 182.32M | 219.38M | 194.39M | 175.11M | 172.71M | 248.47M | 195.58M |
| OpEx % of Revenue | 41.68% | 39.79% | 39.01% | 35.79% | 40.87% | 53.87% | 38.71% | 33.78% | 40.13% | 44.15% | 35.43% | 32.45% | 41.37% | 40.74% | 36.78% | 31.54% | 40.71% | 49.62% | 44.24% | 32.45% |
| Selling, General & Admin | 192.38M | 200.14M | 209.65M | 205.46M | 185.49M | 187.23M | 191.8M | 192.25M | 170.66M | 172.34M | 194.82M | 194.26M | 169.12M | 180.79M | 191.1M | 193.73M | 170.31M | 174.35M | 198.88M | 194.58M |
| SG&A % of Revenue | 41.68% | 39.4% | 39.01% | 34.95% | 40.87% | 46.54% | 31.68% | 33.2% | 40.06% | 43.77% | 32.38% | 32.2% | 41.25% | 40.4% | 32.04% | 31.44% | 39.6% | 50.09% | 35.41% | 32.28% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 0 | 1000K | 0 | 1000K | 1000K | 1000K | 335K | 1000K | 1000K | 1000K | 484K | 1000K | 1000K | 658K | 1000K | -1000K | 1000K | 1000K |
| Operating Income | -190.46M | -34.43M | 63.47M | 82.07M | 33.78M | -56.03M | 45.83M | 70.81M | 15.35M | -25.93M | 61.5M | 78.37M | -13.94M | -16.81M | 38.37M | 71.39M | -2.15M | -72.93M | -75.77M | 80.11M |
| Operating Margin % | -41.26% | -6.78% | 11.81% | 13.96% | 7.44% | -13.93% | 7.57% | 12.23% | 3.6% | -6.59% | 10.22% | 12.99% | -3.4% | -3.76% | 6.43% | 11.58% | -0.5% | -20.95% | -13.49% | 13.29% |
| Operating Income Growth % | -663.88% | 38.55% | 38.47% | 15.89% | 119.98% | -116.1% | -25.48% | -9.64% | 210.11% | -54.27% | 60.3% | 9.79% | -547.35% | 76.96% | 150.63% | -10.89% | -102.81% | -273.13% | -174.45% | 1.7% |
| EBITDA | -190.46M | 14.2M | 86.01M | 104.43M | 56.59M | -32.94M | 69.75M | 94.39M | 38.76M | -4.39M | 84.5M | 100.06M | 7.97M | 3.79M | 59.22M | 91.66M | 17.48M | -53.79M | -56.99M | 97.28M |
| EBITDA Margin % | -41.26% | 2.8% | 16% | 17.76% | 12.47% | -8.19% | 11.52% | 16.3% | 9.1% | -1.11% | 14.05% | 16.58% | 1.94% | 0.85% | 9.93% | 14.87% | 4.06% | -15.45% | -10.15% | 16.14% |
| EBITDA Growth % | -436.55% | 143.11% | 23.31% | 10.64% | 46.01% | -650.54% | -17.45% | -5.66% | 386.24% | -215.96% | 42.69% | 9.16% | -54.4% | 107.04% | 203.91% | -5.78% | -81.32% | -191.41% | -148.25% | 1.97% |
| D&A (Non-Cash Add-back) | 0 | 48.63M | 22.55M | 22.36M | 22.81M | 23.09M | 23.92M | 23.58M | 23.4M | 21.54M | 23M | 21.69M | 21.91M | 20.59M | 20.86M | 20.27M | 19.63M | 19.14M | 18.78M | 17.18M |
| EBIT | 0 | -30.59M | 64.15M | 87.05M | 33.78M | -26.54M | 88.44M | 74.21M | 15.69M | -24.45M | 79.83M | 79.9M | -13.46M | -15.28M | 66.65M | 72.04M | 2.64M | -74.57M | -26.19M | 81.11M |
| Net Interest Income | 0 | 0 | 2.7M | 2.29M | 2.33M | 3.23M | 3.58M | 2.95M | 3.49M | 4.02M | 3.48M | 1.85M | 1.64M | 1.75M | 759K | -83K | -33K | -26K | -26K | -29K |
| Interest Income | 0 | 0 | 2.7M | 2.29M | 2.33M | 3.23M | 3.58M | 2.95M | 3.49M | 4.02M | 3.48M | 1.85M | 1.64M | 1.75M | 759K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 83K | 33K | 26K | 26K | 29K |
| Other Income/Expense | 1.53M | 3.84M | 685K | 1.99M | 2.07M | 2.4M | 3.27M | 2.51M | 3.46M | 3.75M | 2.56M | 1.73M | 1.54M | 1.43M | -132K | -518K | -133K | -349K | -683K | -21K |
| Pretax Income | -188.93M | -30.59M | 64.15M | 84.05M | 35.84M | -53.63M | 49.1M | 73.32M | 18.81M | -22.18M | 64.07M | 80.1M | -12.4M | -15.38M | 38.23M | 70.87M | -2.29M | -73.28M | -76.46M | 80.08M |
| Pretax Margin % | -40.93% | -6.02% | 11.94% | 14.3% | 7.9% | -13.33% | 8.11% | 12.66% | 4.41% | -5.63% | 10.65% | 13.28% | -3.02% | -3.44% | 6.41% | 11.5% | -0.53% | -21.05% | -13.61% | 13.29% |
| Income Tax | -43.67M | -8.06M | 18M | 23.62M | 11.43M | -14.87M | 15.58M | 20.98M | 6.21M | -4.06M | 18.77M | 22.07M | -3.45M | -3.96M | 10.95M | 17.52M | -332K | -21.5M | -18.04M | 20.89M |
| Effective Tax Rate % | 23.11% | 26.34% | 28.05% | 28.1% | 31.89% | 27.73% | 31.74% | 28.62% | 33.03% | 18.29% | 29.3% | 27.55% | 27.79% | 25.76% | 28.63% | 24.72% | 14.52% | 29.33% | 23.59% | 26.08% |
| Net Income | -145.26M | -22.53M | 46.16M | 60.43M | 24.41M | -38.76M | 33.51M | 52.34M | 12.6M | -18.12M | 45.3M | 58.03M | -8.96M | -11.42M | 27.29M | 53.35M | -1.96M | -51.79M | -58.42M | 59.2M |
| Net Margin % | -31.47% | -4.44% | 8.59% | 10.28% | 5.38% | -9.63% | 5.54% | 9.04% | 2.96% | -4.6% | 7.53% | 9.62% | -2.18% | -2.55% | 4.57% | 8.66% | -0.45% | -14.88% | -10.4% | 9.82% |
| Net Income Growth % | -695.04% | 41.86% | 37.72% | 15.46% | 93.79% | -113.83% | -26.01% | -9.81% | 240.65% | -58.75% | 66% | 8.78% | -358.11% | 77.95% | 146.71% | -9.88% | -102.98% | -257.8% | -172.33% | -1.57% |
| Net Income (Continuing) | -145.26M | -22.53M | 46.16M | 60.43M | 24.41M | -38.76M | 33.51M | 52.34M | 12.6M | -18.12M | 45.3M | 58.03M | -8.96M | -11.42M | 27.29M | 53.35M | -1.96M | -51.79M | -58.42M | 59.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -13.88 | -2.12 | 4.25 | 5.45 | 2.16 | -3.38 | 2.87 | 4.40 | 1.05 | -1.49 | 3.70 | 4.73 | -0.73 | -0.93 | 2.21 | 4.32 | -0.16 | -4.18 | -4.76 | 4.75 |
| EPS Growth % | -742.59% | 37.28% | 48.08% | 23.86% | 105.71% | -126.85% | -22.43% | -6.98% | 243.84% | -60.22% | 67.42% | 9.49% | -356.25% | 77.75% | 146.43% | -9.05% | -103.04% | -258.33% | -173.12% | -2.66% |
| EPS (Basic) | -13.88 | -2.12 | 4.25 | 5.45 | 2.16 | -3.38 | 2.87 | 4.40 | 1.05 | -1.49 | 3.70 | 4.73 | -0.73 | -0.93 | 2.21 | 4.33 | -0.16 | -4.22 | -4.77 | 4.82 |
| Diluted Shares Outstanding | 10.47M | 10.6M | 10.83M | 11.07M | 11.28M | 11.46M | 11.68M | 11.9M | 12.05M | 12.17M | 12.23M | 12.28M | 12.31M | 12.33M | 12.34M | 12.34M | 12.3M | 12.39M | 12.28M | 12.46M |
| Basic Shares Outstanding | 10.47M | 10.62M | 10.86M | 11.09M | 11.28M | 11.46M | 11.68M | 11.9M | 12.05M | 12.17M | 12.23M | 12.27M | 12.31M | 12.33M | 12.32M | 12.32M | 12.27M | 12.28M | 12.24M | 12.28M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |