Boston Beer Co Inc (SAM) Financial Statements
Industry: Malt Beverages
In fiscal 2025, Boston Beer reported revenue of $1.96B, down 2.4% from $2.01B the year before. Net income was $108.5M (a 5.5% net margin), or $9.89 per diluted share. Gross margin was 48.5% and operating margin was 7.4%. Operating activities generated $270.2M of cash, leaving $215.6M of free cash flow. At fiscal year end, Boston Beer held $1.19B in total assets against $347.3M in total liabilities, including $223.4M of cash and equivalents.
Open the full interactive Boston Beer financials → Quarterly statements, key ratios, valuation history and price charts.
Boston Beer Key Stats
| Share Price | $177.23 |
|---|---|
| Market Cap | $1.84B |
| P/E Ratio | 17.9 |
| Revenue YoY Growth | -2.4% |
| 52-Week Range | $161.08 – $260.05 |
| Shares Outstanding | 10.4 million (basic, 2026 Q2) |
Boston Beer Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.74B | $2.06B | $2.09B | $2.01B | $2.01B | $1.96B |
| Cost of Goods Sold | $922.0M | $1.26B | $1.23B | $1.16B | $1.12B | $1.01B |
| Gross Profit | $814.5M | $797.8M | $862.0M | $852.4M | $893.7M | $952.6M |
| Operating Income | $244.2M | $8.0M | $90.8M | $100.0M | $76.0M | $144.9M |
| Pre-Tax Income | $244.2M | $6.9M | $91.4M | $109.6M | $87.6M | $153.5M |
| Income Tax | $52.3M | -$7.6M | $24.2M | $33.3M | $27.9M | $45.0M |
| Net Income | $192.0M | $14.6M | $67.3M | $76.2M | $59.7M | $108.5M |
| Diluted EPS | $15.53 | $1.17 | $5.44 | $6.21 | $5.06 | $9.89 |
Boston Beer Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $537.5M | $385.7M | $433.9M | $568.3M |
| Net Income | $46.2M | -$22.5M | -$145.3M | $51.6M |
| Diluted EPS | $4.25 | -$2.06 | -$13.88 | $4.96 |
Boston Beer Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $163.3M | $26.9M | $180.6M | $298.5M | $211.8M | $223.4M |
| Current Assets | $413.2M | $345.3M | $423.3M | $503.5M | $417.3M | $417.6M |
| Total Assets | $1.38B | $1.39B | $1.42B | $1.43B | $1.25B | $1.19B |
| Current Liabilities | $259.4M | $255.1M | $204.3M | $223.3M | $231.6M | $252.5M |
| Total Liabilities | $421.9M | $403.4M | $352.2M | $352.1M | $333.8M | $347.3M |
| Shareholders' Equity | $957.0M | $983.4M | $1.07B | $1.08B | $916.2M | $846.3M |
Boston Beer Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $253.4M | $56.3M | $199.9M | $265.2M | $248.9M | $270.2M |
| Cash From Investing | -$139.1M | -$146.6M | -$88.5M | -$62.4M | -$96.3M | -$54.5M |
| Cash From Financing | $12.3M | -$6.6M | $2.8M | -$84.8M | -$239.3M | -$204.1M |
| Free Cash Flow | $113.4M | -$91.6M | $109.4M | $201.1M | $172.6M | $215.6M |
Figures from Boston Beer's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Boston Beer financials page for every line item.
Boston Beer Company Profile
| Ticker | SAM |
|---|---|
| Exchange | NYSE |
| Industry | Malt Beverages |
| Headquarters | Boston, Massachusetts |
| Incorporated in | Massachusetts |
| Fiscal Year End | December 27 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000949870 |
Frequently Asked Questions
What was Boston Beer's revenue in fiscal 2025?
Boston Beer (SAM) reported revenue of $1.96B for fiscal 2025.
What is Boston Beer's annual revenue history?
Boston Beer's annual revenue by fiscal year: 2020: $1.74B; 2021: $2.06B; 2022: $2.09B; 2023: $2.01B; 2024: $2.01B; 2025: $1.96B.
What was Boston Beer's net income in fiscal 2025?
Boston Beer reported net income of $108.5M for fiscal 2025.
What was Boston Beer's earnings per share (EPS) in fiscal 2025?
Boston Beer's diluted EPS was $9.89 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Boston Beer generate in fiscal 2025?
Boston Beer generated $215.6M of free cash flow in fiscal 2025.
What was Boston Beer's revenue last quarter?
In its most recent reported quarter (2026 Q2), Boston Beer reported revenue of $568.3M.
How many shares of Boston Beer are outstanding?
Boston Beer reported a weighted average of 10.4 million basic shares outstanding in 2026 Q2.
What is Boston Beer's market cap?
Based on its latest closing price, Boston Beer (SAM) has a market capitalization of about $1.84B.
When does Boston Beer's fiscal year end?
Boston Beer's fiscal year end, as registered with the SEC, is December 27.
Where is Boston Beer headquartered?
Boston Beer lists its business address in Boston, Massachusetts in its SEC filings.