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Boston Beer SAM Less Excise Taxes

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Other financials

Income statement

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Revenue$433.9M-4.4%
Gross profit$214.0M-2.4%
Operating income-$190.5M-664%
Net income-$145.3M-695%
EPS (diluted)-$13.88-743%

Balance sheet

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Cash & equivalents$164.1M+7.7%
Total debt$34.7M-25.8%
Total equity$682.6M-23.9%
Total assets$1.2B-5.6%

Cash flow

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Operating cash flow-$20.4M-1,154%
CapEx$12.3M+24.2%
Free cash flow-$32.8M-310%

Valuation

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Market cap$1.9B-10.4%

Profitability

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Gross margin48.7%+3.3pp
Operating margin5.7%
Net margin4.6%
FCF margin9.8%+0.7pp

Returns & leverage

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Return on equity10.2%
Debt / equity0.1×0.0×
Current ratio0.9×-0.8×

Where this comes from

Reported directly by Boston Beer in its filing.

Tagged under the XBRL concept sam:LessExciseTaxes.

The official record: Boston Beer’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Boston Beer's less excise taxes?
Boston Beer (SAM) reported less excise taxes of $27.65M in Q1 2026.
How has Boston Beer's less excise taxes changed year-over-year?
Boston Beer's less excise taxes increased by 0.6% year-over-year, from $27.49M to $27.65M.
What is the long-term trend for Boston Beer's less excise taxes?
Over 4 years (2021 to 2025), Boston Beer's less excise taxes has grown at a -3.2% compound annual growth rate (CAGR), from $139.03M to $122.26M.
What does less excise taxes mean?
Represents the mandatory government levies imposed on the production or sale of alcoholic beverages. This metric is deducted from gross revenue to arrive at net revenue, reflecting the portion of sales that must be remitted to tax authorities.