Growth & profitability
- Revenue has grown 2.5% per year over the past 5 years.
- Net income has grown slower than revenue (-10.6% vs 2.5% per year).
- Free cash flow has grown 13.7% per year over the past 5 years.
SAM Financials Boston Beer Co Inc
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | — | $109M | — | — | — | — | — |
| 2025 | $2.0B | $108M | 48.5% | 7.4% | $216M | — | $223M |
| 2024 | — | $60M | — | — | — | — | — |
| 2024 | $2.0B | $60M | 44.4% | 3.8% | $173M | — | $212M |
| 2023 | — | $76M | — | — | — | — | — |
| 2023 | $2.0B | $76M | 42.4% | 5.0% | $201M | — | $298M |
| 2022 | $2.1B | $67M | 41.2% | 4.3% | $109M | — | $181M |
| 2021 | — | $15M | — | — | — | — | — |
| 2021 | $2.1B | $15M | 38.8% | 0.4% | -$92M | — | $27M |
| 2020 | $1.7B | $192M | 46.9% | 14.1% | $113M | — | $163M |
| 2019 | $1.2B | $110M | 49.1% | 11.6% | $85M | — | $37M |
| 2018 | $996M | $93M | 51.4% | 11.6% | $108M | — | $108M |
| 2017 | $863M | $99M | 52.1% | 13.4% | $103M | — | $66M |
| 2016 | $906M | $87M | 50.7% | 15.2% | $104M | — | $91M |
| 2015 | $960M | $98M | 52.3% | 16.3% | — | — | $94M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $434M | -$145M | 49.3% | -43.9% | -$33M | — | $164M |
| Dec '25 | $386M | -$23M | 43.5% | -8.6% | $22M | — | $223M |
| Sep '25 | $537M | $46M | 50.8% | 11.5% | $89M | — | $250M |
| Jun '25 | $588M | $60M | 49.8% | 14.0% | $112M | — | $212M |
| Mar '25 | $454M | $24M | 48.3% | 7.4% | -$8M | — | $152M |
| Dec '24 | $402M | -$39M | 39.9% | -13.9% | $18M | — | $212M |
| Sep '24 | $605M | $34M | 46.3% | 7.6% | $99M | — | $256M |
| Jun '24 | $579M | $52M | 46.0% | 12.2% | $76M | — | $219M |
| Mar '24 | $426M | $13M | 43.7% | 3.6% | -$21M | — | $205M |
| Dec '23 | $394M | -$18M | 37.6% | -6.6% | $17M | — | $298M |
| Sep '23 | $602M | $45M | 45.7% | 10.2% | $117M | — | $311M |
| Jul '23 | $603M | $58M | 45.4% | 13.0% | $101M | — | $208M |
| Apr '23 | $410M | -$9M | 38.0% | -3.4% | -$35M | — | $123M |
| Dec '22 | $448M | -$11M | 37.0% | -3.8% | -$45M | — | $181M |
| Sep '22 | $596M | $27M | 43.2% | 6.4% | $84M | — | $222M |
| Jun '22 | $616M | $53M | 43.1% | 11.6% | $135M | — | $138M |
| Mar '22 | $430M | -$2M | 40.2% | -0.5% | -$65M | — | $16M |
| Dec '21 | $348M | -$52M | 28.7% | -21.0% | -$22M | — | $27M |
| Sep '21 | $562M | -$58M | 30.7% | -13.5% | -$17M | — | $87M |
| Jun '21 | $603M | $59M | 45.7% | 13.3% | -$33M | — | $103M |
Valuation over time
How the market has priced SAM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 51.2× (Mar '23) to 17.2× (Jun '26).
- The price-to-sales ratio has risen from 1.6× (Mar '23) to 1.7× (Dec '23).
P/E
P/S
Frequently asked questions
Is SAM growing its revenue and profit?
Over the past 5 years, Boston Beer Co Inc's revenue has grown 2.5% per year, and net income declined 10.6% per year. These are computed facts, not advice.
How much debt does SAM have?
As of FY2025, Boston Beer Co Inc reported — of total debt against — of cash.
What is SAM's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is SAM's P/E ratio?
As of Jun '26, Boston Beer Co Inc traded at a price-to-earnings ratio of about 17.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.