The Boston Beer Company, Inc. (SAM)

The Boston Beer Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 27, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021
Revenue	1,965	2,013	2,009	2,090	2,058
Revenue Growth (YoY)	-2.38%	0.21%	-3.91%	1.59%	18.50%
Cost of Revenue	1,012	1,119	1,156	1,228	1,260
Gross Profit	952.58	893.73	852.37	861.99	797.79
Selling, General & Admin	800.74	741.94	730.55	735.93	740.62
Other Operating Expenses	6.96	23.61	74.03	35.26	49.18
Total Operating Expenses	807.7	765.55	804.58	771.2	789.8
Operating Income	144.88	75.97	100	90.79	8
Total Non-Operating Income (Expense)	8.58	11.63	9.59	0.65	-1.09
Pretax Income	153.46	87.6	109.59	91.44	6.91
Provision for Income Taxes	44.99	27.91	33.34	24.17	-7.64
Net Income	108.47	59.7	76.25	67.26	14.55
Net Income to Common	108.47	59.7	76.25	67.26	14.55
Net Income Growth	81.71%	-21.71%	13.36%	362.19%	-92.42%
Shares Outstanding (Basic)	11	12	12	12	12
Shares Outstanding (Diluted)	11	12	12	12	12
Shares Change (YoY)	-7.05%	-4.01%	-0.70%	-0.73%	1.25%
EPS (Basic)	9.90	5.07	6.23	5.46	1.19
EPS (Diluted)	9.89	5.06	6.21	5.44	1.17
EPS Growth	95.45%	-18.52%	14.15%	364.96%	-92.47%
Free Cash Flow	215.6	172.62	201.06	109.36	-91.62
Free Cash Flow Growth	24.90%	-14.15%	83.85%	-	-
Free Cash Flow Per Share	19.71	14.67	16.40	8.86	-7.37
Gross Margin	48.48%	44.40%	42.44%	41.24%	38.77%
Operating Margin	7.37%	3.77%	4.98%	4.34%	0.39%
Profit Margin	5.52%	2.97%	3.80%	3.22%	0.71%
FCF Margin	10.97%	8.58%	10.01%	5.23%	-4.45%
EBITDA	235.32	169.97	188.14	172.15	80.09
EBITDA Margin	11.98%	8.44%	9.37%	8.24%	3.89%
EBIT	144.88	75.97	100	90.79	8
EBIT Margin	7.37%	3.77%	4.98%	4.34%	0.39%
Effective Tax Rate	29.32%	31.86%	30.42%	26.44%	-110.64%

Updated Dec 27, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q