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Boston Beer SAM Gross Profit

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Other financials

Income statement

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Revenue$568.3M-3.3%
Operating income$70.8M-13.8%
Net income$51.6M-14.7%
EPS (diluted)$4.96-9.0%

Balance sheet

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Cash & equivalents$265.5M+25.0%
Total debt$31.6M-28.1%
Total equity$714.6M-21.7%
Total assets$1.3B-1.0%

Cash flow

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Operating cash flow$138.0M+9.1%
CapEx$10.5M-25.9%
Free cash flow$127.5M+13.6%

Valuation

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Market cap$1.88B-20.8%
Enterprise value$1.65B-25.3%
P/E146.1×
P/S-0.2×

Profitability

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Gross margin48.9%+2.4pp
Operating margin5.7%
Net margin4.6%
FCF margin10.7%-0.1pp

Returns & leverage

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Return on equity10.2%
Debt / equity0.0×
Current ratio-0.7×

Where this comes from

Calculated from Boston Beer’s reported figures.

The source filing: Boston Beer’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-314203
Line itemThirteen weeks ended / June 27,2026Thirteen weeks ended / June 28,2025Twenty-six weeks ended / June 27,2026Twenty-six weeks ended / June 28,2025
Less excise taxes39,41937,47667,06564,966
Net revenue568,338587,9491,002,2681,041,816
Cost of goods sold281,968295,431501,937530,035
Gross profit286,370292,518500,331511,781
Operating expenses:
Advertising, promotional, and selling expenses185,881159,713325,957297,249
General and administrative expenses48,87845,751101,18093,702
Impairment of brewery assets2344,9852364,985

Item 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Boston Beer's gross profit?
Boston Beer (SAM) reported gross profit of $286.37M in Q2 2026.
How has Boston Beer's gross profit changed year-over-year?
Boston Beer's gross profit decreased by 2.1% year-over-year, from $292.52M to $286.37M.
What is the long-term trend for Boston Beer's gross profit?
Over 4 years (2021 to 2025), Boston Beer's gross profit has grown at a 4.5% compound annual growth rate (CAGR), from $797.79M to $952.58M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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