What is Boston Beer's earnings per share (EPS)?

Boston Beer (SAM) reported diluted earnings per share of $9.89 for fiscal year 2025. This represents a 95.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Boston Beer (SAM) Financials

SAM

Trailing 12 months to June 27, 2026

Revenue $1.9B -6.1% YoY

Net Income -$69.1M -186.8% YoY

EPS (Diluted) -$6.60 -190.9% YoY

Free Cash Flow $206.0M -7.1% YoY

Market Cap $1.7B as of Sep 10, 2026

Price / Sales 0.9x on $1.9B revenue, trailing 12 months to June 27, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 27, 2026

Price / Book 2.3x on $714.6M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 27, 2026 Reported Jul 23, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 23, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SAM SEC filings page.

Boston Beer (SAM) reported $1.9B in revenue over the twelve months to Jun 27, 2026, down 6.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SAM FY2025 2026-09-05

Flat-to-lower sales are being converted into higher profit through gross-margin expansion and sharply lighter reinvestment.

From FY2021 to FY2025, gross margin widened from 38.8% to 48.5% even though revenue ended below its FY2021 level, indicating that improved cost structure or product mix—not sales growth—drove the stronger economics. Operating margin reached 7.4% and net margin 5.6% in FY2025, showing that the gross-profit improvement flowed through after operating expenses rather than being absorbed entirely by overhead.

Capital intensity has fallen sharply: capital expenditures declined from $148M in FY2021 to $55M in FY2025, so the business now requires far less reinvestment to maintain its operating base. FY2025 free cash flow of $216M against operating cash flow of $270M shows that most internally generated cash remained after reinvestment.

Shareholder distributions are a major cash use: buybacks totaled $239M in FY2024 and $202M in FY2025, rather than cash accumulating on the balance sheet. Over the period, debt-to-equity rose from 0.3x to 0.4x, coinciding with a smaller equity base and a somewhat more leveraged financing posture.

Financial Health Signals

Financial Health Score 54/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Boston Beer's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Boston Beer has an operating margin of 7.4%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 53/100, indicating healthy but not exceptional operating efficiency. This is up from 3.8% the prior year.

Growth

Boston Beer's revenue declined 2.4% year-over-year, from $2.0B to $2.0B. This contraction results in a growth score of 27/100.

Leverage

Boston Beer has a moderate D/E ratio of 0.41. This balance of debt and equity financing earns a leverage score of 64/100.

Liquidity

Boston Beer's current ratio of 1.65 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Boston Beer converts 11.0% of revenue into free cash flow ($215.6M). This strong cash generation earns a score of 66/100.

Returns

Boston Beer earns a strong 12.9% return on equity (ROE), meaning it generates $13 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 65/100. This is up from 6.5% the prior year.

Altman Z-Score Safe

5.27

Boston Beer scores 5.27, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.7B) relative to total liabilities ($347.3M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/7

Boston Beer passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.47x

For every $1 of reported earnings, Boston Beer generates $2.47 in operating cash flow ($270.2M OCF vs $109.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$568.3M

YoY-3.3%

QoQ+31.0%

5Y CAGR+0.8%

10Y CAGR+10.2%

Boston Beer generated $568.3M in revenue in Q2 2026. This represents a decrease of 3.3% from the same quarter a year earlier. Against the prior quarter it is up 31.0%.

EBITDA

$91.7M

YoY-12.1%

QoQ+154.3%

5Y CAGR-0.4%

10Y CAGR+9.3%

Boston Beer's EBITDA was $91.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 12.1% from the same quarter a year earlier. Against the prior quarter it is up 154.3%.

Net Income

$51.6M

YoY-14.7%

QoQ+135.5%

5Y CAGR-4.7%

10Y CAGR+12.3%

Boston Beer reported $51.6M in net income in Q2 2026. This represents a decrease of 14.7% from the same quarter a year earlier. Against the prior quarter it is up 135.5%.

EPS (Diluted)

$4.96

YoY-9.0%

QoQ+135.7%

5Y CAGR-1.2%

10Y CAGR+15.2%

Boston Beer earned $4.96 per diluted share (EPS) in Q2 2026. This represents a decrease of 9.0% from the same quarter a year earlier. Against the prior quarter it is up 135.7%.

Cash & Balance Sheet

Free Cash Flow

$127.5M

YoY+13.6%

QoQ+489.1%

10Y CAGR+32.5%

Boston Beer generated $127.5M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 13.6% from the same quarter a year earlier. Against the prior quarter it is up 489.1%.

Cash & Debt

$265.5M

YoY+25.0%

QoQ+61.8%

5Y CAGR+12.9%

10Y CAGR+10.9%

Boston Beer held $265.5M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

Diluted avg 10M

Boston Beer had a weighted average of 10M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

50.4%

YoY+0.6pp

QoQ+1.1pp

5Y CAGR+4.6pp

10Y CAGR-0.2pp

Boston Beer's gross margin was 50.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Operating Margin

12.4%

YoY-1.5pp

QoQ+56.3pp

5Y CAGR-1.6pp

10Y CAGR+0.2pp

Boston Beer's operating margin was 12.4% in Q2 2026, reflecting core business profitability. This is down 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 56.3 percentage points.

Net Margin

9.1%

YoY-1.2pp

QoQ+42.5pp

5Y CAGR-3.0pp

10Y CAGR+1.6pp

Boston Beer's net profit margin was 9.1% in Q2 2026, showing the share of revenue converted to profit. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 42.5 percentage points.

Return on Equity

7.2%

YoY+0.6pp

QoQ+28.5pp

5Y CAGR+0.8pp

10Y CAGR+3.7pp

Boston Beer's ROE was 7.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 28.5 percentage points.

Capital Allocation

Share Buybacks

$26.6M

YoY-49.0%

QoQ+14.0%

Boston Beer spent $26.6M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 49.0% from the same quarter a year earlier. Against the prior quarter it is up 14.0%.

Capital Expenditures

$10.5M

YoY-25.9%

QoQ-14.4%

5Y CAGR-23.1%

10Y CAGR-5.5%

Boston Beer invested $10.5M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 25.9% from the same quarter a year earlier. Against the prior quarter it is down 14.4%.

R&D Spending

Not reported for Q2 2026.

SAM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SAM quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$1.9B	$2.0B-2.4%	$2.0B+0.2%	$2.0B-3.9%	$2.1B+1.6%	$2.1B+18.5%	$1.7B+38.9%	$1.2B+25.5%	$995.6M+15.4%	$863.0M-4.8%	$906.4M-5.6%	$959.9M+6.3%	$903.0M+22.2%	$739.1M+27.4%	$580.2M+13.1%	$513.0M
Cost of Revenue	$984.3M	$1.0B-9.5%	$1.1B-3.2%	$1.2B-5.9%	$1.2B-2.5%	$1.3B+36.6%	$922.0M+45.0%	$635.7M+31.5%	$483.4M+17.0%	$413.1M-7.5%	$446.8M-2.5%	$458.3M+4.6%	$438.0M+23.7%	$354.1M+33.6%	$265.0M+16.0%	$228.4M
Gross Profit	$941.1M	$952.6M+6.6%	$893.7M+4.9%	$852.4M-1.1%	$862.0M+8.0%	$797.8M-2.0%	$814.5M+32.6%	$614.2M+19.9%	$512.2M+13.9%	$449.9M-2.1%	$459.7M-8.4%	$501.6M+7.9%	$465.0M+20.8%	$384.9M+22.1%	$315.2M+10.8%	$284.6M
SG&A Expenses	$198.3M	$190.8M+0.5%	$189.9M+8.8%	$174.5M+10.8%	$157.5M+17.9%	$133.6M+13.0%	$118.2M+4.9%	$112.7M+24.1%	$90.9M+24.2%	$73.1M-6.3%	$78.0M+9.1%	$71.6M+8.5%	$66.0M+5.8%	$62.3M+24.2%	$50.2M+15.4%	$43.5M
Operating Income	-$90.7M	$144.9M+90.7%	$76.0M-24.0%	$100.0M+10.1%	$90.8M+1035.3%	$8.0M-96.7%	$244.2M+68.5%	$144.9M+25.1%	$115.9M+0.2%	$115.7M-16.0%	$137.7M-11.9%	$156.2M+6.6%	$146.6M+29.6%	$113.1M+18.3%	$95.6M-7.8%	$103.7M
EBITDA	N/A	$235.3M+38.5%	$170.0M-9.7%	$188.1M+9.3%	$172.1M+114.9%	$80.1M-74.2%	$309.9M+54.0%	$201.2M+19.9%	$167.8M+0.5%	$166.9M-10.8%	$187.2M-5.9%	$199.1M+9.6%	$181.7M+30.7%	$139.0M+20.0%	$115.8M-5.4%	$122.4M
Interest Expense	N/A	N/A	N/A	N/A	N/A	$110K-44.7%	$199K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$13.0M	$45.0M+61.2%	$27.9M-16.3%	$33.3M+37.9%	$24.2M+416.2%	-$7.6M-114.6%	$52.3M+52.3%	$34.3M+45.3%	$23.6M+38.2%	$17.1M-65.7%	$49.8M-12.1%	$56.6M+3.2%	$54.9M+30.1%	$42.1M+16.9%	$36.0M-3.7%	$37.4M
Net Income	-$69.1M	$109.5M+83.4%	$59.7M-21.7%	$76.3M+13.4%	$67.3M+362.2%	$14.6M-92.4%	$192.0M+74.4%	$110.0M+18.8%	$92.7M-6.4%	$99.0M+13.4%	$87.3M-11.2%	$98.4M+8.5%	$90.7M+28.9%	$70.4M+18.4%	$59.5M-10.0%	$66.1M
EPS (Basic)	N/A	$9.90+95.3%	$5.07-18.6%	$6.23+14.1%	$5.46+358.8%	$1.19-92.4%	$15.73+69.9%	$9.26+17.2%	$7.90-3.4%	$8.18+18.0%	$6.93-7.1%	$7.46+7.2%	$6.96+27.2%	$5.47+18.9%	$4.60-9.4%	$5.08
EPS (Diluted)	-$6.60	$9.89+95.5%	$5.06-18.5%	$6.21+14.2%	$5.44+365.0%	$1.17-92.5%	$15.53+69.5%	$9.16+17.1%	$7.82-3.3%	$8.09+19.1%	$6.79-6.3%	$7.25+8.4%	$6.69+29.2%	$5.18+18.0%	$4.39-8.7%	$4.81
Diluted Shares (Avg)	N/A	11M-7.0%	12M-4.0%	12M-0.7%	12M-0.7%	12M+1.2%	12M+3.1%	12M+1.5%	12M-3.7%	12M-4.8%	13M-5.4%	14M+0.3%	13M-0.1%	14M+0.5%	13M-2.2%	14M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$568.3M-3.3%	$433.9M-4.4%	$385.7M-4.1%	$537.5M-11.2%	$587.9M+1.5%	$453.9M+6.5%	$402.3M+2.2%	$605.5M+0.6%
Cost of Revenue	$282.0M-4.6%	$220.0M-6.2%	$218.0M-9.8%	$264.4M-18.7%	$295.4M-5.5%	$234.6M-2.1%	$241.6M-1.7%	$325.2M-0.5%
Gross Profit	$286.4M-2.1%	$214.0M-2.4%	$167.7M+4.4%	$273.1M-2.5%	$292.5M+9.8%	$219.3M+17.7%	$160.7M+8.6%	$280.2M+2.0%
SG&A Expenses	$48.9M+6.8%	$52.3M+9.1%	$52.2M+9.4%	$44.9M+2.5%	$45.8M-4.7%	$48.0M-4.8%	$47.7M+9.1%	$43.8M+3.7%
Operating Income	$70.8M-13.8%	-$190.5M-663.9%	-$33.0M+41.1%	$62.0M+35.4%	$82.1M+15.9%	$33.8M+120.0%	-$56.0M-116.1%	$45.8M-25.5%
EBITDA	$91.7M-12.1%	-$168.9M-398.4%	-$10.3M+68.7%	$84.6M+21.3%	$104.4M+10.6%	$56.6M+46.0%	-$32.9M-650.5%	$69.8M-17.5%
Income Tax	$20.8M-12.2%	-$43.7M-482.0%	-$8.1M+45.8%	$18.0M+15.5%	$23.6M+12.6%	$11.4M+84.0%	-$14.9M-266.6%	$15.6M-17.0%
Net Income	$51.6M-14.7%	-$145.3M-695.0%	-$21.5M+44.4%	$46.2M+37.7%	$60.4M+15.5%	$24.4M+93.8%	-$38.8M-113.8%	$33.5M-26.0%
EPS (Basic)	$4.96-9.0%	-$13.88-742.6%	-$1.93+40.1%	$4.25+48.1%	$5.45+23.9%	$2.16+105.7%	-$3.22-120.5%	$2.87-22.4%
EPS (Diluted)	$4.96-9.0%	-$13.88-742.6%	-$1.93+39.9%	$4.25+48.6%	$5.45+24.1%	$2.16+107.7%	-$3.21-119.9%	$2.86-22.7%
Diluted Shares (Avg)	10M-6.4%	10M-7.0%	N/A	11M-7.2%	11M-6.9%	11M-6.6%	N/A	12M-4.6%

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

SAM Balance Sheet

SAM quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$1.2B-4.5%	$1.3B-12.6%	$1.4B+0.6%	$1.4B+2.5%	$1.4B+0.6%	$1.4B+30.8%	$1.1B+64.7%	$639.9M+12.3%	$569.6M-7.5%	$615.9M-4.6%	$645.4M+6.6%	$605.2M+36.3%	$444.1M+23.5%	$359.5M+31.9%	$272.5M
Current Assets	$417.6M+0.1%	$417.3M-17.1%	$503.5M+19.0%	$423.3M+22.6%	$345.3M-16.4%	$413.2M+89.0%	$218.6M-5.6%	$231.6M+37.6%	$168.3M-13.2%	$193.9M-13.3%	$223.6M+7.8%	$207.5M+26.3%	$164.3M+1.2%	$162.3M+29.1%	$125.7M
Cash & Equivalents	$223.4M+5.5%	$211.8M-29.0%	$298.5M+65.3%	$180.6M+572.4%	$26.9M-83.6%	$163.3M+345.3%	$36.7M-66.2%	$108.4M+65.1%	$65.6M-27.9%	$91.0M-3.4%	$94.2M+23.3%	$76.4M+54.3%	$49.5M-33.5%	$74.5M+50.6%	$49.5M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$92.5M-21.0%	$117.2M+1.2%	$115.8M-22.0%	$148.4M-0.4%	$149.1M+13.9%	$130.9M+23.5%	$106.0M+50.9%	$70.2M+38.7%	$50.7M-3.5%	$52.5M-7.0%	$56.5M+10.0%	$51.3M-9.0%	$56.4M+27.1%	$44.4M+30.2%	$34.1M
Accounts Receivable	$57.1M-7.0%	$61.4M-8.3%	$67.0M+18.2%	$56.7M+3.0%	$55.0M-29.8%	$78.4M+44.0%	$54.4M+59.7%	$34.1M+1.0%	$33.7M-8.0%	$36.7M-5.9%	$39.0M+5.8%	$36.9M-12.2%	$42.0M+33.4%	$31.5M+35.5%	$23.2M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$112.5M0.0%	$112.5M0.0%	$112.5M0.0%	$112.5M0.0%	$112.5M0.0%	$112.5M0.0%	$112.5M+2955.4%	$3.7M0.0%	$3.7M0.0%	$3.7M0.0%	$3.7M0.0%	$3.7M0.0%	$3.7M+45.1%	$2.5M+84.3%	$1.4M
Total Liabilities	$347.3M+4.0%	$333.8M-5.2%	$352.1M0.0%	$352.2M-12.7%	$403.4M-4.4%	$421.9M+32.5%	$318.4M+77.4%	$179.5M+22.9%	$146.1M-13.7%	$169.4M-8.0%	$184.2M+9.0%	$169.0M+19.0%	$142.0M+24.1%	$114.4M+30.4%	$87.7M
Current Liabilities	$252.5M+9.0%	$231.6M+3.7%	$223.3M+9.3%	$204.3M-19.9%	$255.1M-1.7%	$259.4M+43.6%	$180.6M+49.9%	$120.5M+18.4%	$101.8M+0.2%	$101.5M-8.7%	$111.2M+0.9%	$110.2M+5.6%	$104.4M+17.4%	$88.9M+32.6%	$67.0M
Non-Current Liabilities	$94.8M-7.3%	$102.2M-20.6%	$128.8M-13.0%	$148.0M-0.2%	$148.3M-8.7%	$162.4M+17.9%	$137.8M+133.4%	$59.0M+33.1%	$44.3M-34.6%	$67.8M-7.1%	$73.0M+24.1%	$58.9M+56.5%	$37.6M+47.5%	$25.5M+23.2%	$20.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$411K-12.7%	$471K-10.8%	$528K-9.6%	$584K+3.2%	$566K	N/A
Total Equity	$846.3M-7.6%	$916.2M-15.0%	$1.1B+0.9%	$1.1B+8.7%	$983.4M+2.8%	$957.0M+30.1%	$735.6M+59.8%	$460.3M+8.7%	$423.5M-5.2%	$446.6M-3.2%	$461.2M+5.8%	$436.1M+44.4%	$302.1M+23.3%	$245.1M+32.7%	$184.7M
Retained Earnings	$147.7M-38.5%	$240.3M-43.0%	$421.6M-4.0%	$439.1M+18.1%	$371.9M+4.1%	$357.4M+116.1%	$165.4M+197.0%	$55.7M+6.9%	$52.1M-46.6%	$97.6M-43.2%	$171.9M-19.0%	$212.2M+64.1%	$129.3M+46.1%	$88.5M+87.9%	$47.1M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$1.3B-1.0%	$1.2B-5.6%	$1.2B-4.5%	$1.2B-9.8%	$1.3B-11.7%	$1.2B-10.4%	$1.3B-12.6%	$1.4B-8.9%
Current Assets	$515.8M+10.6%	$417.3M+0.7%	$417.6M+0.1%	$461.8M-13.8%	$466.5M-11.4%	$414.3M-8.5%	$417.3M-17.1%	$535.7M-7.5%
Cash & Equivalents	$265.5M+25.0%	$164.1M+7.7%	$223.4M+5.5%	$250.5M-2.0%	$212.4M-3.1%	$152.5M-25.8%	$211.8M-29.0%	$255.6M-17.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$118.1M-12.1%	$119.0M-18.1%	$92.5M-21.0%	$101.7M-36.6%	$134.4M-11.8%	$145.3M-1.0%	$117.2M+1.2%	$160.3M+8.0%
Accounts Receivable	$100.5M+8.3%	$86.9M-0.9%	$57.1M-7.0%	$84.3M-10.4%	$92.8M-26.0%	$87.7M+20.2%	$61.4M-8.3%	$94.1M+7.0%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$112.5M0.0%	$112.5M0.0%	$112.5M0.0%	$112.5M0.0%	$112.5M0.0%	$112.5M0.0%	$112.5M0.0%	$112.5M0.0%
Total Liabilities	$540.5M+51.9%	$488.5M+42.3%	$347.3M+4.0%	$335.6M-8.8%	$355.9M-9.9%	$343.2M+1.7%	$333.8M-5.2%	$367.8M-7.1%
Current Liabilities	$493.6M+86.3%	$448.6M+86.0%	$252.5M+9.0%	$252.6M-4.2%	$264.9M-1.9%	$241.2M+14.1%	$231.6M+3.7%	$263.6M-0.4%
Non-Current Liabilities	$47.0M-48.4%	$39.9M-60.9%	$94.8M-7.3%	$83.1M-20.3%	$91.0M-27.2%	$102.0M-19.1%	$102.2M-20.6%	$104.2M-20.7%
Total Equity	$714.6M-21.7%	$682.6M-23.9%	$846.3M-7.6%	$911.0M-10.2%	$912.3M-12.3%	$897.0M-14.3%	$916.2M-15.0%	$1.0B-9.5%
Retained Earnings	$5.2M-97.7%	-$21.4M-109.9%	$147.7M-38.5%	$220.8M-35.5%	$225.1M-39.6%	$215.1M-44.0%	$240.3M-43.0%	$342.5M-27.1%

Not reported in any period shown, so not listed: Long-Term Debt.

SAM Cash Flow Statement

SAM quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$259.3M	$270.2M+8.5%	$248.9M-6.1%	$265.2M+32.6%	$199.9M+255.2%	$56.3M-77.8%	$253.4M+42.2%	$178.2M+9.1%	$163.4M+20.2%	$136.0M-11.8%	$154.2M-8.6%	$168.7M+19.5%	$141.2M+41.2%	$100.0M+4.9%	$95.3M+31.0%	$72.8M
Depreciation & Amortization	N/A	$90.4M-3.8%	$94.0M+6.6%	$88.1M+8.3%	$81.4M+12.8%	$72.1M+9.8%	$65.7M+16.7%	$56.3M+8.3%	$52.0M+1.4%	$51.3M+3.4%	$49.6M+15.6%	$42.9M+22.0%	$35.1M+35.7%	$25.9M+28.2%	$20.2M+7.5%	$18.8M
Stock-Based Compensation	N/A	$21.8M+14.8%	$19.0M+11.7%	$17.0M+21.3%	$14.0M-24.9%	$18.6M+21.8%	$15.3M+23.9%	$12.3M+22.9%	$10.0M+58.9%	$6.3M+2.7%	$6.1M-7.8%	$6.7M-2.8%	$6.9M-6.3%	$7.3M+12.1%	$6.5M+5.7%	$6.2M
Capital Expenditures	$53.3M	$54.6M-28.5%	$76.3M+19.0%	$64.1M-29.2%	$90.6M-38.8%	$147.9M+5.7%	$140.0M+50.2%	$93.2M+68.1%	$55.5M+68.1%	$33.0M-33.9%	$49.9M-32.7%	$74.2M-51.1%	$151.8M+50.8%	$100.7M+52.5%	$66.0M+236.8%	$19.6M
Free Cash Flow	$206.0M	$215.6M+24.9%	$172.6M-14.1%	$201.1M+83.9%	$109.4M+219.4%	-$91.6M-180.8%	$113.4M+33.4%	$85.0M-21.3%	$108.0M+4.8%	$103.0M-1.2%	$104.3M+10.3%	$94.5M+993.7%	-$10.6M-1471.0%	-$673K-102.3%	$29.3M-44.8%	$53.2M
Investing Cash Flow	-$53.2M	-$54.5M+43.4%	-$96.3M-54.3%	-$62.4M+29.5%	-$88.5M+39.6%	-$146.6M-5.4%	-$139.1M+46.3%	-$258.8M-367.7%	-$55.3M-68.1%	-$32.9M+28.4%	-$46.0M	N/A	N/A	-$103.3M-53.5%	-$67.3M-243.5%	-$19.6M
Financing Cash Flow	-$153.0M	-$204.1M+14.7%	-$239.3M-182.1%	-$84.8M-3130.1%	$2.8M+142.2%	-$6.6M-153.9%	$12.3M+39.1%	$8.9M+113.6%	-$65.3M+49.1%	-$128.5M-15.4%	-$111.3M	N/A	N/A	-$21.6M-621.2%	-$3.0M+94.3%	-$52.7M
Share Buybacks	$150.8M	$202.4M-15.2%	$238.6M+156.9%	$92.9M	N/A	N/A	N/A	N/A	$88.3M-38.9%	$144.6M-12.2%	$164.7M+21.3%	$135.7M+1626.7%	$7.9M-73.4%	$29.6M+63.9%	$18.0M-71.3%	$62.8M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$138.0M+9.1%	-$20.4M-1153.9%	$39.9M-4.7%	$101.8M-12.1%	$126.5M+31.8%	$1.9M+139.7%	$41.9M+27.9%	$115.9M-11.7%
Depreciation & Amortization	$21.0M-6.2%	$21.6M-5.4%	$22.7M-1.6%	$22.5M-5.7%	$22.4M-5.2%	$22.8M-2.5%	$23.1M+7.2%	$23.9M+4.0%
Stock-Based Compensation	$5.1M+0.2%	$6.4M+9.1%	N/A	$3.5M-5.3%	$5.1M+30.2%	$5.9M-17.6%	N/A	$3.7M-9.1%
Capital Expenditures	$10.5M-25.9%	$12.3M+24.2%	$17.8M-24.1%	$12.6M-24.7%	$14.2M-30.1%	$9.9M-37.0%	$23.5M+53.5%	$16.7M+19.4%
Free Cash Flow	$127.5M+13.6%	-$32.8M-310.4%	$22.1M+20.1%	$89.2M-10.0%	$112.2M+48.4%	-$8.0M+61.3%	$18.4M+5.5%	$99.2M-15.4%
Investing Cash Flow	-$10.5M+26.5%	-$12.3M-24.7%	-$17.8M+24.1%	-$12.6M+24.7%	-$14.2M+30.1%	-$9.9M+72.3%	-$23.5M-53.6%	-$16.7M-33.9%
Financing Cash Flow	-$26.1M+50.0%	-$26.5M+48.5%	-$49.2M+20.9%	-$51.2M+18.6%	-$52.3M+15.4%	-$51.4M+2.0%	-$62.2M-109.2%	-$62.9M-298.4%
Share Buybacks	$26.6M-49.0%	$23.3M-52.7%	$50.0M-20.2%	$50.8M-19.3%	$52.2M-17.1%	$49.4M-1.1%	$62.7M+106.1%	$63.0M+279.7%

Not reported in any period shown, so not listed: Dividends Paid.

SAM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SAM quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	48.5%+4.1pp	44.4%+2.0pp	42.4%+1.2pp	41.2%+2.5pp	38.8%-8.1pp	46.9%-2.2pp	49.1%-2.3pp	51.4%-0.7pp	52.1%+1.4pp	50.7%-1.5pp	52.3%+0.8pp	51.5%-0.6pp	52.1%-2.2pp	54.3%-1.1pp	55.5%
Operating Margin	7.4%+3.6pp	3.8%-1.2pp	5.0%+0.6pp	4.3%+4.0pp	0.4%-13.7pp	14.1%+2.5pp	11.6%-0.1pp	11.6%-1.8pp	13.4%-1.8pp	15.2%-1.1pp	16.3%0.0pp	16.2%+0.9pp	15.3%-1.2pp	16.5%-3.7pp	20.2%
Net Margin	5.6%+2.6pp	3.0%-0.8pp	3.8%+0.6pp	3.2%+2.5pp	0.7%-10.3pp	11.1%+2.3pp	8.8%-0.5pp	9.3%-2.2pp	11.5%+1.8pp	9.6%-0.6pp	10.3%+0.2pp	10.1%+0.5pp	9.5%-0.7pp	10.3%-2.6pp	12.9%
Return on Equity	12.9%+6.4pp	6.5%-0.6pp	7.1%+0.8pp	6.3%+4.8pp	1.5%-18.6pp	20.1%+5.1pp	15.0%-5.2pp	20.1%-3.3pp	23.4%+3.8pp	19.6%-1.8pp	21.3%+0.5pp	20.8%-2.5pp	23.3%-1.0pp	24.3%-11.5pp	35.8%
Return on Assets	9.2%+4.4pp	4.8%-0.5pp	5.3%+0.6pp	4.7%+3.7pp	1.1%-12.9pp	13.9%+3.5pp	10.4%-4.0pp	14.5%-2.9pp	17.4%+3.2pp	14.2%-1.1pp	15.3%+0.3pp	15.0%-0.9pp	15.8%-0.7pp	16.5%-7.7pp	24.2%
Current Ratio	1.65-0.1x	1.80-0.5x	2.25+0.2x	2.07+0.7x	1.35-0.2x	1.59+0.4x	1.21-0.7x	1.92+0.3x	1.65-0.3x	1.91-0.1x	2.01+0.1x	1.88+0.3x	1.57-0.3x	1.830.0x	1.88
Debt-to-Equity	0.410.0x	0.360.0x	0.330.0x	0.33-0.1x	0.410.0x	0.440.0x	0.430.0x	0.390.0x	0.34+0.3x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.00-0.5x	0.47
Asset Turnover	1.650.0x	1.61+0.2x	1.40-0.1x	1.470.0x	1.48+0.2x	1.26+0.1x	1.19-0.4x	1.560.0x	1.510.0x	1.470.0x	1.490.0x	1.49-0.2x	1.66+0.1x	1.61-0.3x	1.88
FCF Margin	11.0%+2.4pp	8.6%-1.4pp	10.0%+4.8pp	5.2%+9.7pp	-4.5%-11.0pp	6.5%-0.3pp	6.8%-4.0pp	10.8%-1.1pp	11.9%+0.4pp	11.5%+1.7pp	9.8%+11.0pp	-1.2%-1.1pp	-0.1%-5.1pp	5.1%-5.3pp	10.4%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	50.4%+0.6pp	49.3%+1.0pp	43.5%+3.5pp	50.8%+4.5pp	49.8%+3.7pp	48.3%+4.6pp	39.9%+2.4pp	46.3%+0.6pp
Operating Margin	12.4%-1.5pp	-43.9%-51.3pp	-8.6%+5.4pp	11.5%+4.0pp	14.0%+1.7pp	7.4%+3.8pp	-13.9%-7.3pp	7.6%-2.6pp
Net Margin	9.1%-1.2pp	-33.5%-38.9pp	-5.6%+4.0pp	8.6%+3.1pp	10.3%+1.2pp	5.4%+2.4pp	-9.6%-5.0pp	5.5%-2.0pp
Return on Equity	7.2%+0.6pp	-21.3%-24.0pp	-2.5%+1.7pp	5.1%+1.8pp	6.6%+1.6pp	2.7%+1.5pp	-4.2%-2.5pp	3.3%-0.7pp
Return on Assets	4.1%-0.7pp	-12.4%-14.4pp	-1.8%+1.3pp	3.7%+1.3pp	4.8%+1.1pp	2.0%+1.1pp	-3.1%-1.8pp	2.4%-0.6pp
Current Ratio	1.05-0.7x	0.93-0.8x	1.65-0.1x	1.83-0.2x	1.76-0.2x	1.72-0.4x	1.80-0.5x	2.03-0.2x
Debt-to-Equity	0.76+0.4x	0.72+0.3x	0.410.0x	0.370.0x	0.390.0x	0.38+0.1x	0.360.0x	0.360.0x
Asset Turnover	0.450.0x	0.370.0x	0.320.0x	0.430.0x	0.46+0.1x	0.37+0.1x	0.320.0x	0.440.0x
FCF Margin	22.4%+3.3pp	-7.5%-5.8pp	5.7%+1.2pp	16.6%+0.2pp	19.1%+6.0pp	-1.8%+3.1pp	4.6%+0.1pp	16.4%-3.1pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Boston Beer SAM	FY2025	$2.0B	$109.5M	5.6%	$1.7B	54/100
Molson Coors Beverage TAP	FY2025	$13.0B	-$2.1B	-16.4%	$7.2B	33/100
Anheuser-Busch InBev SA/NV BUD	FY2025	$59.3B	$8.5B	14.3%	$153.6B	29/100
Constelltn Bnds STZ	FY2026	$9.1B	$1.7B	18.5%	$20.8B	49/100
Fomento Mexicano FMX	FY2025	$46.7B	$1.8B	3.9%	$40.2B	27/100

Where Boston Beer Ranks

Frequently Asked Questions

What is Boston Beer's annual revenue?

Boston Beer (SAM) reported $2.0B in total revenue for fiscal year 2025. This represents a -2.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Boston Beer's revenue growing?

Boston Beer (SAM) revenue declined by 2.4% year-over-year, from $2.0B to $2.0B in fiscal year 2025.

Is Boston Beer profitable?

Yes, Boston Beer (SAM) reported a net income of $109.5M in fiscal year 2025, with a net profit margin of 5.6%.

What is Boston Beer's EBITDA?

Boston Beer (SAM) had EBITDA of $235.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Boston Beer's gross margin?

Boston Beer (SAM) had a gross margin of 48.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Boston Beer's operating margin?

Boston Beer (SAM) had an operating margin of 7.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Boston Beer's net profit margin?

Boston Beer (SAM) had a net profit margin of 5.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Boston Beer's return on equity (ROE)?

Boston Beer (SAM) has a return on equity of 12.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Boston Beer's free cash flow?

Boston Beer (SAM) generated $215.6M in free cash flow during fiscal year 2025. This represents a 24.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Boston Beer's operating cash flow?

Boston Beer (SAM) generated $270.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Boston Beer's total assets?

Boston Beer (SAM) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Boston Beer's capital expenditures?

Boston Beer (SAM) invested $54.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Boston Beer buy back shares?

Yes, Boston Beer (SAM) spent $202.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Boston Beer's current ratio?

Boston Beer (SAM) had a current ratio of 1.65 as of fiscal year 2025, which is generally considered healthy.

What is Boston Beer's debt-to-equity ratio?

Boston Beer (SAM) had a debt-to-equity ratio of 0.41 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Boston Beer's return on assets (ROA)?

Boston Beer (SAM) had a return on assets of 9.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Boston Beer's P/E ratio?

Boston Beer (SAM) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 27, 2026). The market capitalization is $1.7B as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Boston Beer's price-to-sales ratio?

Boston Beer (SAM) trades at 0.9x sales, its market capitalization divided by revenue of $1.9B revenue, trailing 12 months to June 27, 2026. The market capitalization is $1.7B as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Boston Beer's Altman Z-Score?

Boston Beer (SAM) has an Altman Z-Score of 5.27, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Boston Beer's Piotroski F-Score?

Boston Beer (SAM) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Boston Beer's earnings high quality?

Boston Beer (SAM) has an earnings quality ratio of 2.47x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Boston Beer?

Boston Beer (SAM) scores 54 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.