SAM · Boston Beer Co Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.96B | $2.01B | $2.01B | $2.09B | $2.06B | $1.74B |
| Cost of Revenue | $1.01B | $1.12B | $1.16B | $1.23B | $1.26B | $921.98M |
| Gross Profit | $952.58M | $893.73M | $852.37M | $861.99M | $797.79M | $814.45M |
| R&D | - | - | - | - | - | - |
| SG&A | $190.79M | $189.91M | $174.55M | $157.53M | $133.62M | $118.21M |
| Total Operating Expenses | $807.70M | $817.76M | $752.37M | $771.20M | $789.79M | $570.25M |
| D&A | $90.44M | $93.99M | $88.14M | $81.36M | $72.10M | $65.66M |
| Operating Income | $144.88M | $75.97M | $100.00M | $90.79M | $8.00M | $244.21M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $44.99M | $27.91M | $33.34M | $24.17M | ($7.64M) | $52.27M |
| Net Income | $109.46M | $59.70M | $76.25M | $67.26M | $14.55M | $191.96M |
| EPS - Basic | $9.90 | $5.07 | $6.23 | $5.46 | $1.19 | $15.73 |
| EPS - Diluted | $9.89 | $5.06 | $6.21 | $5.44 | $1.17 | $15.53 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $223.38M | $211.82M | $298.49M | $180.56M | $26.85M | $163.28M |
| Accounts Receivable | $57.09M | $61.42M | $67.00M | $56.67M | $55.02M | $78.36M |
| Inventory | $92.53M | $117.16M | $115.77M | $148.45M | $149.12M | $130.91M |
| Accounts Payable | $94.97M | $87.28M | $87.25M | $84.25M | $85.92M | $121.65M |
| Current Assets | $417.58M | $417.29M | $503.51M | $423.27M | $345.34M | $413.17M |
| Total Assets | $1.19B | $1.25B | $1.43B | $1.42B | $1.39B | $1.38B |
| Current Liabilities | $252.53M | $231.63M | $223.29M | $204.27M | $255.11M | $259.42M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $347.31M | $333.83M | $352.06M | $352.22M | $403.38M | $421.86M |
| Stockholders' Equity | $846.28M | $916.19M | $1.08B | $1.07B | $983.41M | $956.97M |
| Retained Earnings | $147.74M | $240.31M | $421.57M | $439.12M | $371.86M | $357.36M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $270.16M | $248.89M | $265.15M | $199.94M | $56.30M | $253.41M |
| Investing Cash Flow | ($54.52M) | ($96.25M) | ($62.38M) | ($88.51M) | ($146.62M) | ($139.12M) |
| Financing Cash Flow | ($204.08M) | ($239.31M) | ($84.84M) | $2.80M | ($6.64M) | $12.32M |
| CapEx | $54.56M | $76.28M | $64.09M | $90.58M | $147.92M | $140.00M |
| Free Cash Flow | $215.59M | $172.62M | $201.06M | $109.36M | ($91.62M) | $113.41M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 48.5% | 44.4% | 42.4% | 41.2% | 38.8% | 46.9% |
| Operating margin | 7.4% | 3.8% | 5.0% | 4.3% | 0.4% | 14.1% |
| EBITDA margin | 12.0% | 8.4% | 9.4% | 8.2% | 3.9% | 17.8% |
| Net margin | 5.6% | 3.0% | 3.8% | 3.2% | 0.7% | 11.1% |
| Free cash flow margin | 11.0% | 8.6% | 10.0% | 5.2% | -4.5% | 6.5% |
| FCF / Net income | 1.97 | 2.89 | 2.64 | 1.63 | -6.30 | 0.59 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 9.7% | 9.4% | 8.7% | 7.5% | 6.5% | 6.8% |
| Effective tax rate | 29.1% | 31.9% | 30.4% | 26.4% | -110.6% | 21.4% |
| Return on assets | 9.2% | 4.8% | 5.3% | 4.7% | 1.0% | 13.9% |
| Return on equity | 12.9% | 6.5% | 7.1% | 6.3% | 1.5% | 20.1% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.65 | 1.80 | 2.25 | 2.07 | 1.35 | 1.59 |
| Quick ratio | 1.29 | 1.30 | 1.74 | 1.35 | 0.77 | 1.09 |
| Cash ratio | 0.88 | 0.91 | 1.34 | 0.88 | 0.11 | 0.63 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.41 | 1.36 | 1.33 | 1.33 | 1.41 | 1.44 |
| Liabilities / Assets | 0.29 | 0.27 | 0.25 | 0.25 | 0.29 | 0.31 |
| Efficiency | ||||||
| Asset turnover | 1.65 | 1.61 | 1.40 | 1.47 | 1.48 | 1.26 |
| Inventory turnover | 10.94 | 9.55 | 9.99 | 8.27 | 8.45 | 7.04 |
| Days sales outstanding | 11d | 11d | 12d | 10d | 10d | 16d |
| Days inventory outstanding | 33d | 38d | 37d | 44d | 43d | 52d |
| Days payable outstanding | 34d | 28d | 28d | 25d | 25d | 48d |
| Cash conversion cycle | 10d | 21d | 21d | 29d | 28d | 20d |
| Valuation | ||||||
| P / E | 19.7x | 59.3x | 55.7x | 60.6x | 431.7x | 65.4x |
| P / B | 2.5x | 3.9x | 3.9x | 3.8x | 6.4x | 13.0x |
| P / S | 1.1x | 1.8x | 2.1x | 1.9x | 3.1x | 7.2x |
| EV / EBITDA | 8.1x | 19.5x | 20.9x | 22.6x | 78.1x | 39.7x |
| Growth | ||||||
| Revenue growth (YoY) | -2.4% | 0.2% | -3.9% | 1.6% | 18.5% | 38.9% |
| Revenue CAGR (3y) | -2.0% | -0.7% | 5.0% | 18.7% | 27.4% | 26.2% |
| Revenue CAGR (5y) | 2.5% | 10.0% | 15.1% | 19.4% | 17.8% | 12.6% |
| Gross profit growth (YoY) | 6.6% | 4.9% | -1.1% | 8.0% | -2.0% | 32.6% |
| Operating income growth (YoY) | 90.7% | -24.0% | 10.1% | 1035.3% | -96.7% | 68.5% |
| Net income growth (YoY) | 83.4% | -21.7% | 13.4% | 362.2% | -92.4% | 74.4% |
| EPS growth (YoY) | 95.5% | -18.5% | 14.2% | 365.0% | -92.5% | 69.5% |
| EPS CAGR (3y) | 22.0% | 62.9% | -26.3% | -15.9% | -46.9% | 24.3% |
| EPS CAGR (5y) | -8.6% | -11.2% | -4.5% | -7.6% | -29.7% | 16.5% |
| FCF growth (YoY) | 24.9% | -14.1% | 83.9% | - | - | 33.4% |
| FCF CAGR (5y) | 13.7% | 15.2% | 15.3% | 1.2% | - | 3.7% |
| Book value growth (YoY) | -7.6% | -15.0% | 0.9% | 8.7% | 2.8% | 30.1% |
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
3.25
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Malt Beverages
Comparing BOSTON BEER CO INC against the 2 most active filers in the same SIC group.