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

Boston Beer Company (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 Company (SAM) Financials

SAM NYSE

Trailing 12 months to September 26, 2026

Revenue $1.9B -3.7% YoY

Net Income -$73.1M -179.2% YoY

EPS (Diluted) -$6.64 -176.8% YoY

Free Cash Flow $185.1M -12.7% YoY

Market Cap $2.0B as of Oct 26, 2026

Price / Sales 1.1x on $1.9B revenue, trailing 12 months to September 26, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to September 26, 2026

Price / Book 2.8x on $735.7M equity, Q3 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 Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Sep 26, 2026 Reported Oct 22, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2026, filed Oct 22, 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 Company (SAM) reported $1.9B in revenue over the twelve months to Sep 26, 2026, down 3.7% 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 2026-10-22

Revenue is shrinking modestly, but sharply lower product costs have expanded margins and funded substantial cash returns to shareholders.

From FY2023 to FY2025, revenue fell 2.2% while gross profit rose 11.8%, so the company earned more gross profit from a slightly smaller sales base. Over that span, operating margin expanded 2.4 percentage points as cost of revenue fell 12.4%, pointing to improved cost economics rather than volume-led growth.

FY2025 operating cash flow reached $270M, or 249.1% of net income, indicating that reported earnings converted into substantial cash rather than being trapped in working capital. Capital expenditures were $54.6M, equal to 20.2% of operating cash flow. Free cash flow was $216M, showing that cash generation remained well ahead of reinvestment needs.

From FY2023 to FY2025, total assets fell 16.5% while total liabilities fell only 1.3%, leaving a less equity-funded balance sheet. The current ratio declined from 2.3x to 1.7x, indicating tighter short-term coverage. Buybacks reached $202M in FY2025 while equity fell 7.6%, showing capital returns occurred alongside a smaller equity base.

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, and the overall is the average of the dimensions that can be computed. 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 Company'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 Company 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 51/100, indicating healthy but not exceptional operating efficiency. This is up from 3.8% the prior year.

Growth

Boston Beer Company'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

Liquidity

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

Returns

Boston Beer Company earns a strong 12.8% 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

5.92

Boston Beer Company scores 5.92, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $2.0B against total liabilities of $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 Company 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

2.49x

For every $1 of reported earnings, Boston Beer Company generates $2.49 in operating cash flow ($270.2M OCF vs $108.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$520.1M

YoY-3.2%

QoQ-8.5%

5Y CAGR-1.5%

10Y CAGR+7.5%

Boston Beer Company generated $520.1M in revenue in Q3 2026. This represents a decrease of 3.2% from the same quarter a year earlier. Against the prior quarter it is down 8.5%.

EBITDA

$77.2M

YoY-8.7%

QoQ-15.8%

5Y CAGRn/m

10Y CAGR+2.0%

Boston Beer Company's EBITDA was $77.2M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.7% from the same quarter a year earlier. Against the prior quarter it is down 15.8%.

Net Income

$43.2M

YoY-6.5%

QoQ-16.3%

5Y CAGRn/m

10Y CAGR+3.2%

Boston Beer Company reported $43.2M in net income in Q3 2026. This represents a decrease of 6.5% from the same quarter a year earlier. Against the prior quarter it is down 16.3%.

EPS (Diluted)

$4.21

YoY-0.9%

QoQ-15.1%

5Y CAGRn/m

10Y CAGR+5.4%

Boston Beer Company earned $4.21 per diluted share (EPS) in Q3 2026. This represents a decrease of 0.9% from the same quarter a year earlier. Against the prior quarter it is down 15.1%.

Cash & Balance Sheet

Free Cash Flow

$68.3M

YoY-23.5%

QoQ-46.5%

5Y CAGR+46.9%

10Y CAGR+4.1%

Boston Beer Company generated $68.3M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 23.5% from the same quarter a year earlier. Against the prior quarter it is down 46.5%.

Cash & Debt

$308.1M

YoY+23.0%

QoQ+16.0%

5Y CAGR+28.9%

10Y CAGR+14.8%

Boston Beer Company held $308.1M in cash as of Q3 2026; no long-term debt figure is on record for that period.

Shares Outstanding

Diluted avg 10M

Boston Beer Company had a weighted average of 10M diluted shares in Q3 2026; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

51.7%

YoY+0.9pp

QoQ+1.3pp

5Y change+21.0pp

10Y change-1.0pp

Boston Beer Company's gross margin was 51.7% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.

Operating Margin

10.8%

YoY-0.7pp

QoQ-1.6pp

5Y change+24.3pp

10Y change-9.0pp

Boston Beer Company's operating margin was 10.8% in Q3 2026, reflecting core business profitability. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.6 percentage points.

Net Margin

8.3%

YoY-0.3pp

QoQ-0.8pp

5Y change+18.7pp

10Y change-4.1pp

Boston Beer Company's net profit margin was 8.3% in Q3 2026, showing the share of revenue converted to profit. This is down 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.

Return on Equity

5.9%

YoY+0.8pp

QoQ-1.3pp

5Y change+11.6pp

10Y change-1.1pp

Boston Beer Company's quarterly ROE was 5.9% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.3 percentage points.

Capital Allocation

Share Buybacks

$25.4M

YoY-50.0%

QoQ-4.6%

Boston Beer Company spent $25.4M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 50.0% from the same quarter a year earlier. Against the prior quarter it is down 4.6%.

Capital Expenditures

$8.4M

YoY-33.4%

QoQ-20.6%

5Y CAGR-3.5%

10Y CAGR-2.8%

Boston Beer Company invested $8.4M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 33.4% from the same quarter a year earlier. Against the prior quarter it is down 20.6%.

R&D Spending

Not reported for Q3 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	$971.0M	$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	$937.1M	$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	$835.3M	$800.7M+7.9%	$741.9M+1.6%	$730.5M-0.7%	$735.9M-0.6%	$740.6M+30.9%	$565.8M+20.8%	$468.3M+18.4%	$395.7M+19.3%	$331.8M+3.0%	$322.2M-6.6%	$345.2M+9.0%	$316.7M+17.2%	$270.3M+23.1%	$219.5M+9.3%	$200.7M
Operating Income	-$96.4M	$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	-$15.2M	$45.0M+61.2%	$27.9M-16.3%	$33.3M+37.9%	$24.2Mn/m	-$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	-$73.1M	$108.5M+81.7%	$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)	-$6.64	$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	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$520.1M-3.2%	$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%
Cost of Revenue	$251.0M-5.1%	$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%
Gross Profit	$269.1M-1.5%	$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%
SG&A Expenses	$208.0M-0.8%	$234.8M+14.3%	$192.4M+3.7%	$200.1M+6.9%	$209.7M+9.3%	$205.5M+6.9%	$185.5M+8.7%	$187.2M+8.6%
Operating Income	$56.3M-9.2%	$70.8M-13.8%	-$190.5M-663.9%	-$33.0Mn/m	$62.0M+35.4%	$82.1M+15.9%	$33.8M+120.0%	-$56.0Mn/m
EBITDA	$77.2M-8.7%	$91.7M-12.1%	-$168.9M-398.4%	-$10.3Mn/m	$84.6M+21.3%	$104.4M+10.6%	$56.6M+46.0%	-$32.9Mn/m
Income Tax	$15.7M-12.5%	$20.8M-12.2%	-$43.7M-482.0%	-$8.1Mn/m	$18.0M+15.5%	$23.6M+12.6%	$11.4M+84.0%	-$14.9Mn/m
Net Income	$43.2M-6.5%	$51.6M-14.7%	-$145.3M-695.0%	-$22.5Mn/m	$46.2M+37.7%	$60.4M+15.5%	$24.4M+93.8%	-$38.8Mn/m
EPS (Basic)	$4.21-0.9%	$4.96-9.0%	-$13.88-742.6%	-$1.93n/m	$4.25+48.1%	$5.45+23.9%	$2.16+105.7%	-$3.22n/m
EPS (Diluted)	$4.21-0.9%	$4.96-9.0%	-$13.88-742.6%	-$1.93n/m	$4.25+48.6%	$5.45+24.1%	$2.16+107.7%	-$3.21n/m
Diluted Shares (Avg)	10M-5.6%	10M-6.4%	10M-7.0%	N/A	11M-7.2%	11M-6.9%	11M-6.6%	N/A

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	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$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	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$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	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$1.2B-0.6%	$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%
Current Assets	$515.9M+11.7%	$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%
Cash & Equivalents	$308.1M+23.0%	$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%
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Inventory	$98.1M-3.6%	$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%
Accounts Receivable	$83.0M-1.5%	$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%
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
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	$503.7M+50.1%	$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%
Current Liabilities	$456.4M+80.7%	$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%
Non-Current Liabilities	$47.3M-43.1%	$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%
Total Equity	$735.7M-19.2%	$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%
Retained Earnings	$23.1M-89.5%	$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%

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	$234.1M	$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	$49.1M	$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	$185.1M	$215.6M+24.9%	$172.6M-14.1%	$201.1M+83.9%	$109.4Mn/m	-$91.6M-180.8%	$113.4M+33.4%	$85.0M-21.3%	$108.0M+4.8%	$103.0M-1.2%	$104.3M+10.3%	$94.5Mn/m	-$10.6Mn/m	-$673K-102.3%	$29.3M-44.8%	$53.2M
Investing Cash Flow	-$49.0M	-$54.5Mn/m	-$96.3Mn/m	-$62.4Mn/m	-$88.5Mn/m	-$146.6Mn/m	-$139.1Mn/m	-$258.8Mn/m	-$55.3Mn/m	-$32.9Mn/m	-$46.0M	N/A	N/A	-$103.3Mn/m	-$67.3Mn/m	-$19.6M
Financing Cash Flow	-$127.5M	-$204.1Mn/m	-$239.3Mn/m	-$84.8M-3130.1%	$2.8Mn/m	-$6.6M-153.9%	$12.3M+39.1%	$8.9Mn/m	-$65.3Mn/m	-$128.5Mn/m	-$111.3M	N/A	N/A	-$21.6Mn/m	-$3.0Mn/m	-$52.7M
Share Buybacks	$125.3M	$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	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$76.6M-24.7%	$138.0M+9.1%	-$20.4M-1153.9%	$39.9M-4.7%	$101.8M-12.1%	$126.5M+31.8%	$1.9Mn/m	$41.9M+27.9%
Depreciation & Amortization	$20.9M-7.2%	$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%
Stock-Based Compensation	$3.7M+4.9%	$5.1M+0.2%	$6.4M+9.1%	N/A	$3.5M-5.3%	$5.1M+30.2%	$5.9M-17.6%	N/A
Capital Expenditures	$8.4M-33.4%	$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%
Free Cash Flow	$68.3M-23.5%	$127.5M+13.6%	-$32.8Mn/m	$22.1M+20.1%	$89.2M-10.0%	$112.2M+48.4%	-$8.0Mn/m	$18.4M+5.5%
Investing Cash Flow	-$8.4Mn/m	-$10.5Mn/m	-$12.3Mn/m	-$17.8Mn/m	-$12.6Mn/m	-$14.2Mn/m	-$9.9Mn/m	-$23.5Mn/m
Financing Cash Flow	-$25.7Mn/m	-$26.1Mn/m	-$26.5Mn/m	-$49.2Mn/m	-$51.2Mn/m	-$52.3Mn/m	-$51.4Mn/m	-$62.2Mn/m
Share Buybacks	$25.4M-50.0%	$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%

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	5.5%+2.5pp	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	12.8%+6.3pp	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	9.1%+4.3pp	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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.00	N/A
Liabilities-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	0.340.0x	0.380.0x	0.400.0x	0.39-0.1x	0.470.0x	0.470.0x	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	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	51.7%+0.9pp	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
Operating Margin	10.8%-0.7pp	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
Net Margin	8.3%-0.3pp	9.1%-1.2pp	-33.5%-38.9pp	-5.8%+3.8pp	8.6%+3.1pp	10.3%+1.2pp	5.4%+2.4pp	-9.6%-5.0pp
Return on Equity	5.9%+0.8pp	7.2%+0.6pp	-21.3%-24.0pp	-2.7%+1.6pp	5.1%+1.8pp	6.6%+1.6pp	2.7%+1.5pp	-4.2%-2.5pp
Return on Assets	3.5%-0.2pp	4.1%-0.7pp	-12.4%-14.4pp	-1.9%+1.2pp	3.7%+1.3pp	4.8%+1.1pp	2.0%+1.1pp	-3.1%-1.8pp
Current Ratio	1.13-0.7x	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
Liabilities-to-Equity	0.68+0.3x	0.76+0.4x	0.72+0.3x	0.410.0x	0.370.0x	0.390.0x	0.38+0.1x	0.360.0x
Asset Turnover	0.420.0x	0.450.0x	0.370.0x	0.320.0x	0.430.0x	0.46+0.1x	0.37+0.1x	0.320.0x
FCF Margin	13.1%-3.5pp	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

Not reported in any period shown, so not listed: Debt-to-Equity.

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 Company SAM	FY2025	$2.0B	$108.5M	5.5%	$2.0B	54/100
Molson Coors Beverage Company TAP	FY2025	$13.0B	-$2.1B	-16.4%	$7.5B	32/100
Anheuser-Busch InBev SA/NV BUD	FY2025	$59.3B	$6.8B	11.5%	$161.4B	51/100
Constellation Brands, Inc. STZ	FY2026	$9.1B	$1.7B	18.5%	$23.0B	48/100
FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. FMX	FY2025	$46.7B	$1.8B	3.9%	$42.6B	63/100

Where Boston Beer Company Ranks

Frequently Asked Questions

What is Boston Beer Company's annual revenue?

Boston Beer Company (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 Company's revenue growing?

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

Is Boston Beer Company profitable?

No, Boston Beer Company (SAM) reported a net loss of $73.1M over the trailing 12 months to September 26, 2026. In fiscal year 2025 it reported a net income of $108.5M, with a net profit margin of 5.5%.

What is Boston Beer Company's EBITDA?

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

What is Boston Beer Company's gross margin?

Boston Beer Company (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 Company's operating margin?

Boston Beer Company (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 Company's net profit margin?

Boston Beer Company (SAM) had a net profit margin of 5.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

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

Boston Beer Company (SAM) has a return on equity of 12.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Boston Beer Company's free cash flow?

Boston Beer Company (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 Company's operating cash flow?

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

What are Boston Beer Company's total assets?

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

What are Boston Beer Company's capital expenditures?

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

Does Boston Beer Company buy back shares?

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

What is Boston Beer Company's current ratio?

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

What is Boston Beer Company's liabilities-to-equity ratio?

Boston Beer Company (SAM) had a liabilities-to-equity ratio of 0.41 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.

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

Boston Beer Company (SAM) had a return on assets of 9.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Boston Beer Company's P/E ratio?

Boston Beer Company (SAM) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to September 26, 2026). The market capitalization is $2.0B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

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

Boston Beer Company (SAM) trades at 1.1x sales, its market capitalization divided by $1.9B revenue, trailing 12 months to September 26, 2026. The market capitalization is $2.0B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Boston Beer Company's Altman Z-Score?

Boston Beer Company (SAM) has an Altman Z-Score of 5.92, 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 Company's Piotroski F-Score?

Boston Beer Company (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 Company's earnings high quality?

Boston Beer Company (SAM) has an earnings quality ratio of 2.49x, 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 Company?

Boston Beer Company (SAM) scores 54 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average 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.