BOSTON BEER CO INC SAM

Consumer staples SIC 2082 - Malt Beverages NAICS Manufacturing › Beverage and Tobacco Product Manufacturing › Beverage Manufacturing › Breweries derived NYSE

The Boston Beer Company, Inc. and certain subsidiaries (the "Company") are engaged in the business of selling alcohol beverages throughout the United States and in selected international markets, under the trade names "The Boston Beer Company®", "Twisted Tea Brewing Company®", "Hard Seltzer Beverage Company", "Angry Orchard® Cider Company", "Dogfish Head® Craft Brewery", "Dogfish Head Distilling Co.", "Angel City® Brewing Company", "Coney Island® Brewing Company", "Green Rebel Brewing Co.", "TeaPot Worldwide", "Sun Cruiser Beverage Co.","American Fermentation Company LLC", and "Sinless Spirits Company".

The Company produces alcohol beverages, including flavored malt beverages, hard seltzer, beer, hard cider, spirits based ready to drink beverages ("spirits RTDs") and distilled spirits at Company-owned breweries and its cidery and under contract arrangements at other production facilities. The four primary Company-owned breweries are focused on production and research and development, including breweries located in Boston, Massachusetts (the "Boston Brewery"), Cincinnati, Ohio (the "Cincinnati Brewery"), Milton, Delaware (the "Milton Brewery") and Breinigsville, Pennsylvania (the "Pennsylvania Brewery"). These breweries, with the exception of the Pennsylvania Brewery, have tap rooms for retail sales on site.

Last close 202.28 2026-10-23
Market cap $2.10B estimated share count
52-week range 158.68 - 264.46

Valuation FY2025 figures against the last close

P/S1.0x
P/E20.5x
P/FCF9.7x
EV/EBITDA8.9x
Dividend yield—
Diluted EPS9.89

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.09B$2.14B$2.13B$2.22B$2.20B$1.85B$1.33B$1.06B$921.7M$969.0M
Cost of revenue $1.01B$1.12B$1.16B$1.23B$1.26B$922.0M$635.7M$483.4M$413.1M$446.8M
Gross profit $952.6M$893.7M$852.4M$862.0M$797.8M$814.5M$614.2M$512.2M$449.9M$459.7M
SG&A $190.8M$189.9M$174.5M$157.5M$133.6M$118.2M$112.7M$90.9M$73.1M$78.0M
Total operating expenses $807.7M$817.8M$752.4M$771.2M$789.8M$570.2M$469.3M$396.4M$334.2M$322.0M
Operating income $144.9M$76.0M$100.0M$90.8M$8.0M$244.2M$144.9M$115.9M$115.7M$137.7M
Pre-tax income $153.5M$87.6M$109.6M$91.4M$6.9M$244.2M$144.4M$116.3M$116.1M$137.1M
Income tax $45.0M$27.9M$33.3M$24.2M$7.6M$52.3M$34.3M$23.6M$17.1M$49.8M
Net income $109.5M$59.7M$76.2M$67.3M$14.6M$192.0M$110.0M$92.7M$99.0M$87.3M
EPS, basic 9.905.076.235.461.1915.739.267.908.186.93
EPS, diluted 9.895.066.215.441.1715.539.167.828.096.79
Shares, diluted (wtd. avg.) 10.9M11.8M12.3M12.3M12.4M12.3M11.9M11.7M12.2M12.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $223.4M$211.8M$298.5M$180.6M$66.3M$163.3M$36.7M$108.4M$65.6M$91.0M
Receivables $57.1M$61.4M$67.0M$56.7M$55.0M$78.4M$54.4M$34.1M$33.7M$36.7M
Inventory $92.5M$117.2M$115.8M$148.4M$149.1M$130.9M$106.0M$70.2M$50.7M$52.5M
Total current assets $417.6M$417.3M$503.5M$423.3M$345.3M$413.2M$218.6M$231.6M$168.3M$193.9M
Property, plant and equipment $578.1M$616.2M$642.5M$667.9M$664.8M$623.1M$541.1M$389.8M$384.3M$408.4M
Goodwill $112.5M$112.5M$112.5M$112.5M$112.5M$112.5M$112.5M$3.7M$3.7M$3.7M
Other intangibles $14.8M$16.4M$59.6M$76.3M$103.7M$103.9M$104.3M$2.1M——
Total assets $1.19B$1.25B$1.43B$1.42B$1.39B$1.38B$1.05B$639.9M$569.6M$615.9M
Accounts payable $95.0M$87.3M$87.2M$84.2M$85.9M$121.6M$76.4M$47.1M$38.1M$40.6M
Total current liabilities $252.5M$231.6M$223.3M$204.3M$255.1M$259.4M$180.6M$120.5M$101.8M$101.5M
Total liabilities $347.3M$333.8M$352.1M$352.2M$403.4M$421.9M$318.4M$179.5M$146.1M$169.4M
Retained earnings $147.7M$240.3M$421.6M$439.1M$371.9M$357.4M$165.4M$55.7M$52.1M$97.6M
Total equity $846.3M$916.2M$1.08B$1.07B$983.4M$957.0M$735.6M$460.3M$423.5M$446.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $270.2M$248.9M$265.2M$199.9M$56.3M$253.4M$178.2M$163.4M$136.0M$154.2M
Depreciation and amortisation $90.4M$94.0M$88.1M$81.4M$72.1M$65.7M$56.3M$52.0M$51.3M$49.6M
Stock-based compensation $21.8M$19.0M$17.0M$14.0M$18.6M$15.3M$12.3M$10.0M$6.3M$6.1M
Capital expenditure $54.6M$76.3M$64.1M$90.6M$147.9M$140.0M$93.2M$55.5M$33.0M$49.9M
Investing cash flow -$54.5M-$96.3M-$62.4M-$88.5M-$146.6M-$139.1M-$258.8M-$55.3M-$32.9M-$46.0M
Financing cash flow -$204.1M-$239.3M-$84.8M$2.8M-$6.6M$12.3M$8.9M-$65.3M-$128.5M-$111.3M
Buybacks $202.4M$238.6M$92.9M————$88.3M$144.6M$164.7M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001308179-26-000249.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 969M Gross profit, FY2016: 459.7M Net income, FY2016: 87.3M Revenue, FY2017: 921.7M Gross profit, FY2017: 449.9M Net income, FY2017: 99M Revenue, FY2018: 1.1B Gross profit, FY2018: 512.2M Net income, FY2018: 92.7M Revenue, FY2019: 1.3B Gross profit, FY2019: 614.2M Net income, FY2019: 110M Revenue, FY2020: 1.9B Gross profit, FY2020: 814.5M Net income, FY2020: 192M Revenue, FY2021: 2.2B Gross profit, FY2021: 797.8M Net income, FY2021: 14.6M Revenue, FY2022: 2.2B Gross profit, FY2022: 862M Net income, FY2022: 67.3M Revenue, FY2023: 2.1B Gross profit, FY2023: 852.4M Net income, FY2023: 76.2M Revenue, FY2024: 2.1B Gross profit, FY2024: 893.7M Net income, FY2024: 59.7M Revenue, FY2025: 2.1B Gross profit, FY2025: 952.6M Net income, FY2025: 109.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $969.0M $921.7M $1.06B $1.33B $1.85B $2.20B $2.22B $2.13B $2.14B $2.09B
Gross profit $459.7M $449.9M $512.2M $614.2M $814.5M $797.8M $862.0M $852.4M $893.7M $952.6M
Net income $87.3M $99.0M $92.7M $110.0M $192.0M $14.6M $67.3M $76.2M $59.7M $109.5M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Change of control Control of the company has changed hands. Item 5.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Officer or director change Item 5.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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