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Boston Beer SAM Selling Expense

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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 us-gaap:SellingExpense.

The official record: Boston Beer’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Boston Beer's selling expense?
Boston Beer (SAM) reported selling expense of $25.28M in Q4 2025.
How has Boston Beer's selling expense changed year-over-year?
Boston Beer's selling expense decreased by 2.9% year-over-year, from $26.03M to $25.28M.
What is the long-term trend for Boston Beer's selling expense?
Over 4 years (2021 to 2025), Boston Beer's selling expense has grown at a -11.7% compound annual growth rate (CAGR), from $166.6M to $101.1M.
What does selling expense mean?
The total costs incurred to market, promote, and sell products to customers, excluding general administrative overhead. This metric measures the intensity of the company's sales efforts and the cost of maintaining market share.