The Boston Beer Company, Inc.

SAM Consumer Defensive Beverages Brewers

The Boston Beer Company, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, down 2.38% from fiscal 2024.

Revenue
−3.24%
EPS
−0.94%
Free cash flow
−23.5%

Quarter to September 2026, against a year earlier

218.88 6.09 −2.71%
Market cap
$2.3B
P/E
0.0×
Fwd P/E
−38.6×
Dividend yield
—
F-score
8/9
Altman Z
6.08
Beneish M
−3.02
Dividend safety
n/a

The Boston Beer Company, Inc. (SAM) Operating margin

Alert me on Operating margin

The Boston Beer Company, Inc.'s operating margin over the twelve months to 30 September 2026 was −5.05%, down 12.4 percentage points from fiscal 2025 (7.37%). Over the past ten years it has ranged from 0.39% (fiscal 2021) to 16.3% (fiscal 2015); the current reading is higher than 45% of that period. That is below the Beverages Brewers industry median of 8.53% and below the Consumer Defensive sector median of 1.70%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 7.37% 3.60
FY2024 3.77% (1.21)
FY2023 4.98% 0.64
FY2022 4.34% 3.95
FY2021 0.39% (13.67)
FY2020 14.1% 2.47
FY2019 11.6% (0.05)
FY2018 11.6% (1.76)
FY2017 13.4% (1.79)
FY2016 15.2% (1.08)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 10.8% (1.62)
Jun 2026 12.5% 56.34
Mar 2026 −43.9% (35.33)
Dec 2025 −8.56% (20.10)
43 more quarters

Against its own ten years

Low 0.39% High 16.3%
Ten-year median 11.6%
Current reading's percentile 2

Operating margin against peers

Company Operating margin
STZ Constellation Brands Inc compare 30.2%
ABEV Ambev S.A. compare 26.6%
BUD Anheuser-Busch InBev SA/NV compare 26.3%
FMX Fomento Economico Mexicano S.A.B. de C.V. compare 8.53%
CCU Compania Cervecerias Unidas, S.A. compare 7.32%
TAP Molson Coors Beverage Company compare 0.00%
SAM The Boston Beer Company, Inc. −5.05%
Beverages Brewers industry median 8.53%
Consumer Defensive sector median 1.70%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on SAM