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MARKETS / NYSE / SAM
NYSE · MALT BEVERAGES · LARGE CAP

Boston Beer Co. Inc. SAM

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.0B
▼ 2.4% YoY
$108.5M
▲ 81.7% YoY
$215.6M
▲ 24.9% YoY
In brief

What this company does

The Company produces alcohol beverages, including flavored malt beverages, hard seltzer, beer, hard cider, spirits-based ready-to-drink beverages and distilled spirits, at Company-owned breweries and its cidery and under contract arrangements at other production facilities. Its four primary Company-owned breweries, focused on production and research and development, are located in Boston, Massachusetts, Cincinnati, Ohio, Milton, Delaware and Breinigsville, Pennsylvania. Most of the Company's sales are made to a network of over 300 wholesalers in the United States, along with a network of foreign wholesalers, importers and other agencies, referred to as Distributors. During 2025, the Company's largest individual Distributor accounted for approximately 3% of its gross sales, while the top three individual Distributors collectively accounted for approximately 7%. As of December 27, 2025, the Company had 2,736 coworkers, of which 168 were represented by unions or similar organizations. The Company was founded in 1984 as a craft brewery and competes in the craft beer category primarily with its Samuel Adams and Dogfish Head brands.

Written from the business description in THE BOSTON BEER COMPANY, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 2.0B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.0 · Net income 0.1
0.8B1.6B200920112013201520172019202120232025
Compound annual growth
−2.0%
+2.5%
+7.4%
+10.1%
+17.3%
−10.8%
+1.0%
+5.3%
+22.0%
−8.6%
+3.2%
+7.1%
+7.9%
+7.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
6 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 7.4% · Net 5.5%
10%20%200920112013201520172019202120232025
ROE
FY2025 · ROE 12.3%
10%20%30%200920112013201520172019202120232025

Each USD of equity produced 12 cents of profit this year.

Cash & shareholders
USD 199.9M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 215.6
80M160M-40M-80M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 199.9
80M160M2009201120132015201720232025

USD 199.9M in buybacks — 184% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 1.2B
EquityUSD 846.3M
CashUSD 223.4M
Current ratio1.65×

Equity funds 71% of total assets.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B2.02.02.02.12.11.71.21.00.90.91.00.90.70.60.50.50.4
Operating income $B0.10.10.10.10.00.20.10.10.10.10.20.10.10.10.10.10.1
EBITDA $B0.20.20.20.20.10.30.20.20.20.20.20.20.10.10.10.10.1
Income tax $B0.00.00.00.0−0.00.10.00.00.00.00.10.10.00.00.00.00.0
Net income $B0.10.10.10.10.00.20.10.10.10.10.10.10.10.10.10.10.0
Free cash flow $B0.20.20.20.1−0.10.10.10.10.10.10.1−0.0−0.00.00.10.10.0
EPS, diluted $9.895.066.215.441.1715.539.167.828.096.797.256.695.184.394.813.522.17
Dividend / sh $·················
Payout %·················
ROE %12.36.07.16.61.522.718.421.022.819.221.924.625.727.737.729.618.0

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMalt Beverages
Listed onNYSE
Incorporated inMassachusetts
Fiscal year endsDecember 27
Data on record since2009

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