Boston Beer Financial Statements
NYSE: SAMConsumer StaplesBeverages (Production/Distribution)USD
At close: Oct 8, 4:00 PM ET · Delayed 15 min
Boston Beer revenue and earnings
In fiscal 2025, Boston Beer generated $1.96 billion in revenue, down 2.4% from fiscal 2024, its first annual decline since 2023. Net income was $108.5 million (+81.7% year over year), for a net margin of 5.5% versus a median of 3.2% in the prior 5 years. Gross margin was 48.5% (up from 44.4%) and operating margin 7.4%.
Diluted earnings per share came in at $9.89, up from $5.06. Over the last 5 fiscal years, SAM's revenue has grown at a 2.5% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Boston Beer income statement (annual)
| Fiscal year (USD) | FY 20252025-12-27 | FY 20242024-12-28 | FY 20232023-12-30 | FY 20222022-12-31 | FY 20212021-12-25 | FY 20202020-12-26 | FY 20192019-12-28 | FY 20182018-12-29 | FY 20172017-12-30 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.96B | 2.01B | 2.01B | 2.09B | 2.06B | 1.74B | 1.25B | 995.65M | 862.99M | 906.45M |
| Revenue growth (YoY) | -2.38% | +0.21% | -3.91% | +1.59% | +18.50% | +38.93% | +25.53% | +15.37% | -4.79% | -5.57% |
| Cost of Revenue | 1.01B | 1.12B | 1.16B | 1.23B | 1.26B | 921.98M | 635.66M | 483.41M | 413.09M | 446.78M |
| Gross Profit | 952.58M | 893.73M | 852.37M | 861.99M | 797.79M | 814.45M | 614.17M | 512.24M | 449.90M | 459.67M |
| Operating Expenses | 807.70M | 817.76M | 752.37M | 771.20M | 789.79M | 570.25M | 469.25M | 396.36M | 334.23M | 322.01M |
| Selling, General & Admin | 800.74M | 741.94M | 730.55M | 735.93M | 740.62M | 565.78M | 468.34M | 395.71M | 331.77M | 322.25M |
| Operating Income | 144.88M | 75.97M | 100.00M | 90.79M | 8.00M | 244.21M | 144.91M | 115.88M | 115.67M | 137.66M |
| Other Income (Expense) | 8.58M | 11.63M | 9.59M | 645.00K | -1.09M | 23.00K | -542.00K | 405.00K | 467.00K | -538.00K |
| Pretax Income | 153.46M | 87.60M | 109.59M | 91.44M | 6.91M | 244.23M | 144.37M | 116.29M | 116.14M | 137.12M |
| Income Tax | 44.99M | 27.91M | 33.34M | 24.17M | -7.64M | 52.27M | 34.33M | 23.62M | 17.09M | 49.77M |
| Net Income | 108.47M | 59.70M | 76.25M | 67.26M | 14.55M | 191.96M | 110.04M | 92.66M | 99.05M | 87.35M |
| Net Income growth (YoY) | +81.71% | -21.71% | +13.36% | +362.19% | -92.42% | +74.44% | +18.75% | -6.45% | +13.39% | -11.24% |
| EPS (Basic) | 9.90 | 5.07 | 6.23 | 5.46 | 1.19 | 15.73 | 9.26 | 7.90 | 8.18 | 6.93 |
| EPS (Diluted) | 9.89 | 5.06 | 6.21 | 5.44 | 1.17 | 15.53 | 9.16 | 7.82 | 8.09 | 6.79 |
| Shares Outstanding (Basic) | 10.96M | 11.77M | 12.24M | 12.32M | 12.28M | 12.20M | 11.89M | 11.73M | 12.10M | 12.60M |
| Shares Outstanding (Diluted) | 10.94M | 11.77M | 12.26M | 12.35M | 12.44M | 12.28M | 11.91M | 11.73M | 12.18M | 12.80M |
| EBITDA | 235.32M | 169.97M | 188.14M | 172.15M | 80.09M | 309.86M | 201.18M | 167.85M | 166.93M | 187.22M |
| Gross Margin | 48.48% | 44.40% | 42.44% | 41.24% | 38.77% | 46.90% | 49.14% | 51.45% | 52.13% | 50.71% |
| Operating Margin | 7.37% | 3.77% | 4.98% | 4.34% | 39.00% | 14.06% | 11.59% | 11.64% | 13.40% | 15.19% |
| Net Margin | 5.52% | 2.97% | 3.80% | 3.22% | 71.00% | 11.05% | 8.80% | 9.31% | 11.48% | 9.64% |
This table shows 10 annual periods of Boston Beer's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow SAM's reporting calendar. What is a income statement?