The Boston Beer Company, Inc. (SAM)

The Boston Beer Company Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 28, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020
Revenue	2,050	2,013	2,009	2,090	2,058	1,736
Revenue Growth (YoY)	2.46%	0.21%	-3.91%	1.59%	18.50%	38.93%
Cost of Revenue	1,097	1,119	1,156	1,228	1,260	921.98
Gross Profit	952.71	893.73	852.37	861.99	797.79	814.45
Selling, General & Admin	769.98	741.94	730.55	735.93	740.62	565.78
Operating Expenses	769.98	741.94	730.55	735.93	740.62	565.78
Operating Income	182.72	151.79	121.82	126.05	57.17	248.67
Interest Expense	-	-	-	-	-0.11	-0.2
Interest & Investment Income	11.44	13.25	11	2.56	-	-
Other Non Operating Income (Expenses)	-1.72	-1.62	-1.41	-1.92	-0.98	0.22
EBT Excluding Unusual Items	192.44	163.42	131.41	126.7	56.09	248.7
Asset Writedown	-51.02	-49.77	-21.82	-29.88	-18.5	-4.47
Other Unusual Items	-26.05	-26.05	-	-5.38	-30.68	-
Pretax Income	115.37	87.6	109.59	91.44	6.91	244.23
Income Tax Expense	35.77	27.91	33.34	24.17	-7.64	52.27
Net Income	79.6	59.7	76.25	67.26	14.55	191.96
Preferred Dividends & Other Adjustments	0.22	0.14	0.15	0.16	0.05	1.16
Net Income to Common	79.38	59.56	76.1	67.11	14.5	190.8
Net Income Growth	-13.57%	-21.71%	13.36%	362.19%	-92.42%	74.44%
Shares Outstanding (Basic)	11	12	12	12	12	12
Shares Outstanding (Diluted)	11	12	12	12	12	12
Shares Change (YoY)	-6.03%	-4.01%	-0.70%	-0.73%	1.25%	3.15%
EPS (Basic)	7.00	5.07	6.23	5.46	1.19	15.73
EPS (Diluted)	6.99	5.06	6.21	5.44	1.17	15.53
EPS Growth	-8.04%	-18.46%	14.20%	364.51%	-92.47%	69.58%
Free Cash Flow	221.85	172.62	201.06	109.36	-91.62	113.41
Free Cash Flow Per Share	19.53	14.67	16.40	8.86	-7.37	9.23
Gross Margin	46.48%	44.40%	42.44%	41.24%	38.77%	46.90%
Operating Margin	8.91%	7.54%	6.07%	6.03%	2.78%	14.32%
Profit Margin	3.87%	2.96%	3.79%	3.21%	0.70%	10.99%
Free Cash Flow Margin	10.82%	8.58%	10.01%	5.23%	-4.45%	6.53%
EBITDA	274.91	245.79	209.96	207.41	129.27	314.33
EBITDA Margin	13.41%	12.21%	10.45%	9.92%	6.28%	18.10%
D&A For EBITDA	92.19	93.99	88.14	81.36	72.1	65.66
EBIT	182.72	151.79	121.82	126.05	57.17	248.67
EBIT Margin	8.91%	7.54%	6.07%	6.03%	2.78%	14.32%
Effective Tax Rate	31.00%	31.86%	30.42%	26.44%	-	21.40%
Revenue as Reported	2,050	2,013	2,009	2,090	2,058	1,736
Advertising Expenses	-	240.9	233.5	226.7	291.3	211.2

Updated Jul 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q