Symbols / SAM Stock $164.72 +2.26% The Boston Beer Company, Inc.

Consumer Defensive • Beverages - Brewers • United States • NYQ
SAM (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Consumer Defensive
Industry Beverages - Brewers
CEO Mr. C. James Koch J.D.
Exch · Country NYQ · United States
Market Cap 1.72B
Enterprise Value 1.55B
Income -61.44M
Sales 1.95B
FCF (ttm) 370.61M
Book/sh 66.97
Cash/sh 16.10
Employees 2,736
Insider 10d —
IPO Nov 21, 1995
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 14.86
PEG 0.77
P/S 0.88
P/B 2.46
P/C —
EV/EBITDA 6.77
EV/Sales 0.80
Quick Ratio 0.60
Current Ratio 0.93
Debt/Eq 5.09
LT Debt/Eq —
EPS (ttm) -6.14
EPS next Y 11.09
EPS Growth —
Revenue Growth -4.40%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2026-04-30
ROA 7.24%
ROE -7.75%
ROIC —
Gross Margin 48.70%
Oper. Margin 4.97%
Profit Margin -3.15%
Shs Outstand 8.35M
Shs Float 6.78M
Insider Own 9.29%
Instit Own 95.68%
Short Float 19.51%
Short Ratio 4.53
Short Interest 1.29M
52W High 264.46
vs 52W High -37.71%
52W Low 162.02
vs 52W Low 1.67%
Beta 0.79
Impl. Vol. 58.03%
Rel Volume 0.85
Avg Volume 242.22K
Volume 206.16K
Target (mean) $230.39
Tgt Median $223.00
Tgt Low $192.00
Tgt High $315.00
# Analysts 13
Recom Hold
Prev Close $161.08
Price $164.72
Change 2.26%
About

The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. Its flagship beer is Samuel Adams Boston Lager. The company offers various beers, hard ciders, spirits based ready to drink beverages, distilled spirits, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, and Sun Cruiser brand names. It markets and sells its products to a network wholesaler in the United States, as well as wholesalers, importers, or other agencies that in turn sell to retailers, such as grocery stores, club stores, convenience stores, liquor stores, bars, restaurants, stadiums, and other traditional and e-commerce retail outlets. It sells its products in Canada, Mexico, and internationally. The Boston Beer Company, Inc. was founded in 1984 and is based in Boston, Massachusetts.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$230.39
Mean price target
2. Current target
$164.72
Latest analyst target
3. DCF / Fair value
$799.36
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$164.72
Low
$192.00
High
$315.00
Mean
$230.39

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-06 main Morgan Stanley Equal-Weight → Equal-Weight $220
2026-05-05 main Bernstein Market Perform → Market Perform $210
2026-05-04 main Citigroup Neutral → Neutral $250
2026-05-01 main UBS Neutral → Neutral $245
2026-05-01 main RBC Capital Sector Perform → Sector Perform $242
2026-05-01 main Evercore ISI Group In-Line → In-Line $240
2026-04-15 main Citigroup Neutral → Neutral $270
2026-04-07 main UBS Neutral → Neutral $250
2026-03-30 main Deutsche Bank Hold → Hold $211
2026-02-26 main UBS Neutral → Neutral $230
2026-02-25 main Citigroup Neutral → Neutral $230
2026-02-25 main Morgan Stanley Equal-Weight → Equal-Weight $235
2026-01-14 main UBS Neutral → Neutral $234
2025-12-17 main Citigroup Neutral → Neutral $220
2025-11-21 main Piper Sandler Neutral → Neutral $220
2025-10-24 main UBS Neutral → Neutral $246
2025-10-08 main UBS Neutral → Neutral $230
2025-10-06 down Citigroup Buy → Neutral $235
2025-09-30 main Jefferies Hold → Hold $225
2025-07-25 main Evercore ISI Group In-Line → In-Line $250
News
RSS: Latest SAM news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-27 FISHER CYNTHIA A Director — 358 $0.00 $0
2026-05-27 SWANSON CYNTHIA Director — 358 $0.00 $0
2026-05-27 NEMETH JULIO N Director — 358 $0.00 $0
2026-05-27 JOYCE MEGHAN V Director — 358 $0.00 $0
2026-05-27 STONE CHRISTOPHER ISAAC Director — 358 $0.00 $0
2026-05-27 JORDAN JOSEPH HUGH Director — 358 $0.00 $0
2026-04-02 FISHER CYNTHIA A Director — 1,560 $157.58 $245,825
2026-03-20 MURPHY MATTHEW DONAL Officer — 129 $223.21 $28,794
2026-02-27 MURPHY MATTHEW DONAL Officer — 1,764 $0.00 $0
2026-02-27 HEATH TARA L Officer — 2,206 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,964.99
-2.38%
2,012.93
+0.21%
2,008.62
-3.91%
2,090.33
Operating Revenue
2,087.25
-2.36%
2,137.80
+0.21%
2,133.29
-4.02%
2,222.67
Cost Of Revenue
1,012.41
-9.54%
1,119.19
-3.21%
1,156.26
-5.87%
1,228.35
Reconciled Cost Of Revenue
1,012.41
-9.54%
1,119.19
-3.21%
1,156.26
-5.87%
1,228.35
Gross Profit
952.58
+6.58%
893.73
+4.85%
852.37
-1.12%
861.99
Operating Expense
800.74
+7.93%
741.94
+1.56%
730.55
-0.73%
735.93
Selling General And Administration
800.74
+7.93%
741.94
+1.56%
730.55
-0.73%
735.93
Selling And Marketing Expense
609.95
+10.49%
552.03
-0.71%
556.00
-3.87%
578.40
General And Administrative Expense
190.79
+0.47%
189.91
+8.80%
174.55
+10.80%
157.53
Other Gand A
190.79
+0.47%
189.91
+8.80%
174.55
+10.80%
157.53
Total Expenses
1,813.16
-2.58%
1,861.13
-1.36%
1,886.80
-3.94%
1,964.28
Operating Income
151.84
+0.03%
151.79
+24.60%
121.82
-3.35%
126.05
Total Operating Income As Reported
144.88
+90.70%
75.97
-24.03%
100.00
+10.14%
90.79
EBITDA
242.28
-1.43%
245.78
+17.06%
209.96
+1.23%
207.41
Normalized EBITDA
249.23
-22.50%
321.61
+38.75%
231.79
-4.48%
242.67
Reconciled Depreciation
90.44
-3.78%
93.99
+6.64%
88.14
+8.34%
81.36
EBIT
151.84
+0.03%
151.79
+24.60%
121.82
-3.35%
126.05
Total Unusual Items
-6.96
+90.83%
-75.82
-247.45%
-21.82
+38.11%
-35.26
Total Unusual Items Excluding Goodwill
-6.96
+90.83%
-75.82
-247.45%
-21.82
+38.11%
-35.26
Special Income Charges
-6.96
+90.83%
-75.82
-247.45%
-21.82
+38.11%
-35.26
Other Special Charges
—
26.05
—
5.38
Impairment Of Capital Assets
6.96
-86.03%
49.77
+128.06%
21.82
-26.97%
29.88
Net Income
108.47
+81.71%
59.70
-21.71%
76.25
+13.36%
67.26
Pretax Income
153.46
+75.18%
87.60
-20.06%
109.59
+19.85%
91.44
Net Non Operating Interest Income Expense
9.94
-24.98%
13.25
+20.50%
10.99
+329.32%
2.56
Net Interest Income
9.94
-24.98%
13.25
+20.50%
10.99
+329.32%
2.56
Interest Income Non Operating
—
13.25
+20.50%
10.99
+329.32%
2.56
Interest Income
—
13.25
+20.50%
10.99
+329.32%
2.56
Other Income Expense
-8.32
+89.26%
-77.44
-233.36%
-23.23
+37.52%
-37.18
Other Non Operating Income Expenses
-1.36
+15.99%
-1.62
-15.06%
-1.41
+26.51%
-1.92
Tax Provision
44.99
+61.22%
27.91
-16.29%
33.34
+37.91%
24.17
Tax Rate For Calcs
0.00
-7.97%
0.00
+5.49%
0.00
+14.39%
0.00
Tax Effect Of Unusual Items
-2.04
+91.56%
-24.15
-266.51%
-6.59
+29.20%
-9.31
Net Income Including Noncontrolling Interests
108.47
+81.71%
59.70
-21.71%
76.25
+13.36%
67.26
Net Income From Continuing Operation Net Minority Interest
108.47
+81.71%
59.70
-21.71%
76.25
+13.36%
67.26
Net Income From Continuing And Discontinued Operation
108.47
+81.71%
59.70
-21.71%
76.25
+13.36%
67.26
Net Income Continuous Operations
108.47
+81.71%
59.70
-21.71%
76.25
+13.36%
67.26
Normalized Income
113.38
+1.82%
111.36
+21.73%
91.48
-1.86%
93.22
Net Income Common Stockholders
108.47
+81.71%
59.70
-21.71%
76.25
+13.36%
67.26
Diluted EPS
9.89
+95.45%
5.06
-18.52%
6.21
+14.15%
5.44
Basic EPS
9.90
+95.27%
5.07
-18.62%
6.23
+14.10%
5.46
Basic Average Shares
10.96
-6.91%
11.77
-3.83%
12.24
-0.60%
12.32
Diluted Average Shares
10.96
-6.91%
11.77
-3.83%
12.24
-0.83%
12.35
Diluted NI Availto Com Stockholders
108.47
+81.71%
59.70
-21.71%
76.25
+13.63%
67.11
Excise Taxes
122.26
-2.10%
124.88
+0.17%
124.67
-5.79%
132.33
Total Other Finance Cost
-9.94
+24.98%
-13.25
-20.50%
-10.99
-329.32%
-2.56
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,193.60
-4.51%
1,250.02
-12.59%
1,429.99
+0.65%
1,420.77
Current Assets
417.58
+0.07%
417.29
-17.12%
503.51
+18.96%
423.27
Cash Cash Equivalents And Short Term Investments
223.38
+5.46%
211.82
-29.04%
298.49
+65.31%
180.56
Cash And Cash Equivalents
223.38
+5.46%
211.82
-29.04%
298.49
+65.31%
180.56
Receivables
81.35
+19.45%
68.10
-0.88%
68.71
+2.86%
66.80
Accounts Receivable
57.09
-7.05%
61.42
-8.32%
67.00
+18.22%
56.67
Taxes Receivable
24.26
+263.10%
6.68
+290.47%
1.71
-83.10%
10.13
Inventory
92.53
-21.02%
117.16
+1.20%
115.77
-22.01%
148.45
Raw Materials
37.40
-22.61%
48.32
-12.33%
55.12
-32.14%
81.22
Work In Process
20.37
+7.90%
18.88
+0.68%
18.75
-7.97%
20.37
Finished Goods
34.77
-30.41%
49.96
+19.22%
41.91
-10.55%
46.85
Prepaid Assets
17.50
+1.23%
17.29
+8.85%
15.88
-32.93%
23.68
Restricted Cash
—
—
—
0.00
Other Current Assets
2.82
-3.59%
2.92
-37.26%
4.66
+23.07%
3.78
Total Non Current Assets
776.02
-6.81%
832.73
-10.12%
926.48
-7.12%
997.50
Net PPE
608.35
-5.55%
644.08
-5.01%
678.07
-4.72%
711.68
Gross PPE
1,392.50
+2.17%
1,362.89
+2.75%
1,326.40
+3.62%
1,280.01
Accumulated Depreciation
-784.15
-9.09%
-718.81
-10.87%
-648.33
-14.08%
-568.33
Properties
0.00
0.00
0.00
0.00
Land And Improvements
31.00
+19.32%
25.98
+0.89%
25.75
-0.10%
25.78
Buildings And Improvements
276.48
+7.65%
256.83
+3.82%
247.38
+4.13%
237.56
Machinery Furniture Equipment
882.17
+0.78%
875.37
+7.03%
817.91
+2.52%
797.83
Construction In Progress
49.15
+5.39%
46.64
-30.08%
66.70
+61.41%
41.32
Other Properties
83.14
-3.57%
86.22
-8.33%
94.05
-8.03%
102.26
Leases
70.56
-1.79%
71.85
-3.70%
74.60
-0.87%
75.26
Goodwill And Other Intangible Assets
127.28
-1.31%
128.97
-25.09%
172.17
-8.83%
188.85
Goodwill
112.53
+0.00%
112.53
+0.00%
112.53
+0.00%
112.53
Other Intangible Assets
14.75
-10.29%
16.45
-72.43%
59.64
-21.85%
76.32
Non Current Prepaid Assets
7.10
-50.95%
14.47
-56.90%
33.58
-45.25%
61.34
Other Non Current Assets
22.06
-22.48%
28.46
-33.28%
42.66
+19.72%
35.63
Total Liabilities Net Minority Interest
347.31
+4.04%
333.83
-5.18%
352.06
-0.05%
352.22
Current Liabilities
252.53
+9.03%
231.63
+3.74%
223.29
+9.31%
204.27
Payables And Accrued Expenses
172.72
+3.68%
166.60
+6.91%
155.83
-0.81%
157.11
Payables
101.23
+6.87%
94.72
+0.76%
94.00
+2.76%
91.48
Accounts Payable
94.97
+8.82%
87.28
+0.04%
87.25
+3.56%
84.25
Current Accrued Expenses
71.50
-0.53%
71.88
+16.25%
61.83
-5.79%
65.64
Pensionand Other Post Retirement Benefit Plans Current
53.71
+11.91%
47.99
-2.94%
49.45
+57.23%
31.45
Total Tax Payable
6.25
-16.01%
7.44
+10.17%
6.76
-6.53%
7.23
Current Debt And Capital Lease Obligation
12.76
+122.53%
5.74
-37.07%
9.11
+2.79%
8.87
Current Capital Lease Obligation
12.76
+122.53%
5.74
-37.07%
9.11
+2.79%
8.87
Current Deferred Liabilities
13.34
+18.01%
11.30
+27.06%
8.89
+30.04%
6.84
Current Deferred Revenue
13.34
+18.01%
11.30
+27.06%
8.89
+30.04%
6.84
Other Current Liabilities
—
—
—
—
Total Non Current Liabilities Net Minority Interest
94.78
-7.26%
102.20
-20.64%
128.78
-12.96%
147.96
Long Term Debt And Capital Lease Obligation
25.11
-16.86%
30.20
-16.47%
36.16
-20.13%
45.27
Long Term Capital Lease Obligation
25.11
-16.86%
30.20
-16.47%
36.16
-20.13%
45.27
Non Current Deferred Liabilities
64.78
-1.55%
65.80
-23.24%
85.72
-11.25%
96.59
Non Current Deferred Taxes Liabilities
64.78
-1.55%
65.80
-23.24%
85.72
-11.25%
96.59
Other Non Current Liabilities
4.88
-21.13%
6.19
-10.15%
6.89
+13.18%
6.09
Stockholders Equity
846.28
-7.63%
916.19
-15.00%
1,077.93
+0.88%
1,068.55
Common Stock Equity
846.28
-7.63%
916.19
-15.00%
1,077.93
+0.88%
1,068.55
Capital Stock
0.10
-7.89%
0.11
-5.79%
0.12
-1.63%
0.12
Common Stock
0.10
-7.89%
0.11
-5.79%
0.12
-1.63%
0.12
Share Issued
10.48
-7.54%
11.33
-6.36%
12.10
-1.66%
12.31
Ordinary Shares Number
10.48
-7.54%
11.33
-6.36%
12.10
-1.66%
12.31
Additional Paid In Capital
698.81
+3.31%
676.45
+3.07%
656.30
+4.25%
629.51
Retained Earnings
147.74
-38.52%
240.31
-42.99%
421.57
-4.00%
439.12
Gains Losses Not Affecting Retained Earnings
-0.38
+45.40%
-0.70
-1121.05%
-0.06
+72.86%
-0.21
Other Equity Adjustments
-0.38
+45.40%
-0.70
-1121.05%
-0.06
+72.86%
-0.21
Total Equity Gross Minority Interest
846.28
-7.63%
916.19
-15.00%
1,077.93
+0.88%
1,068.55
Total Capitalization
846.28
-7.63%
916.19
-15.00%
1,077.93
+0.88%
1,068.55
Working Capital
165.04
-11.10%
185.66
-33.74%
280.22
+27.95%
219.00
Invested Capital
846.28
-7.63%
916.19
-15.00%
1,077.93
+0.88%
1,068.55
Total Debt
37.87
+5.38%
35.94
-20.62%
45.27
-16.38%
54.14
Capital Lease Obligations
37.87
+5.38%
35.94
-20.62%
45.27
-16.38%
54.14
Net Tangible Assets
719.00
-8.67%
787.21
-13.09%
905.76
+2.96%
879.70
Tangible Book Value
719.00
-8.67%
787.21
-13.09%
905.76
+2.96%
879.70
Non Current Note Receivables
11.22
-32.98%
16.74
0.00
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
270.16
+8.54%
248.89
-6.13%
265.15
+32.61%
199.94
Cash Flow From Continuing Operating Activities
270.16
+8.54%
248.89
-6.13%
265.15
+32.61%
199.94
Net Income From Continuing Operations
108.47
+81.71%
59.70
-21.71%
76.25
+13.36%
67.26
Depreciation Amortization Depletion
90.44
-3.78%
93.99
+6.64%
88.14
+8.34%
81.36
Depreciation And Amortization
90.44
-3.78%
93.99
+6.64%
88.14
+8.34%
81.36
Other Non Cash Items
-3.46
-146.27%
7.49
-5.28%
7.90
-1.97%
8.06
Stock Based Compensation
21.75
+14.77%
18.95
+11.68%
16.97
+21.33%
13.99
Asset Impairment Charge
6.96
-86.03%
49.77
+128.06%
21.82
-26.97%
29.88
Deferred Tax
-1.02
+94.89%
-19.92
-83.22%
-10.87
-219.50%
9.10
Deferred Income Tax
-1.02
+94.89%
-19.92
-83.22%
-10.87
-219.50%
9.10
Operating Gains Losses
—
—
—
-0.24
Gain Loss On Sale Of PPE
—
—
—
-0.24
Change In Working Capital
47.02
+20.83%
38.92
-40.07%
64.94
+769.31%
-9.70
Change In Receivables
4.35
-21.56%
5.55
+153.66%
-10.34
-406.37%
-2.04
Changes In Account Receivables
4.35
-21.56%
5.55
+153.66%
-10.34
-406.37%
-2.04
Change In Inventory
23.41
+238.86%
6.91
-78.07%
31.50
+23945.80%
0.13
Change In Prepaid Assets
-11.12
-176.98%
14.45
-65.38%
41.74
-36.38%
65.61
Change In Payables And Accrued Expense
20.83
+39.62%
14.92
-10.36%
16.65
+131.50%
-52.85
Change In Accrued Expense
15.61
+26.68%
12.32
-11.26%
13.88
+127.42%
-50.63
Change In Payable
5.23
+100.88%
2.60
-5.83%
2.76
+224.52%
-2.22
Change In Account Payable
5.23
+100.88%
2.60
-5.83%
2.76
+224.52%
-2.22
Change In Other Current Assets
7.62
+23.78%
6.16
+205.25%
-5.85
+58.31%
-14.03
Change In Other Current Liabilities
1.93
+121.33%
-9.06
-3.49%
-8.76
-34.42%
-6.52
Investing Cash Flow
-54.52
+43.36%
-96.25
-54.31%
-62.38
+29.52%
-88.51
Cash Flow From Continuing Investing Activities
-54.52
+43.36%
-96.25
-54.31%
-62.38
+29.52%
-88.51
Net PPE Purchase And Sale
-54.52
+28.51%
-76.25
-22.25%
-62.38
+29.52%
-88.51
Purchase Of PPE
-54.56
+28.47%
-76.28
-19.02%
-64.09
+29.25%
-90.58
Sale Of PPE
0.05
+104.35%
0.02
-98.65%
1.71
-17.68%
2.08
Capital Expenditure
-54.56
+28.47%
-76.28
-19.02%
-64.09
+29.25%
-90.58
Net Business Purchase And Sale
—
—
—
—
Purchase Of Business
—
—
—
—
Net Other Investing Changes
—
-20.00
—
—
Financing Cash Flow
-204.08
+14.72%
-239.31
-182.07%
-84.84
-3130.07%
2.80
Cash Flow From Continuing Financing Activities
-204.08
+14.72%
-239.31
-182.07%
-84.84
-3130.07%
2.80
Net Issuance Payments Of Debt
-1.73
+8.38%
-1.89
-19.75%
-1.57
+5.80%
-1.67
Issuance Of Debt
—
0.00
0.00
-100.00%
30.00
Repayment Of Debt
-1.73
+8.38%
-1.89
-19.75%
-1.57
+95.03%
-31.67
Long Term Debt Issuance
—
0.00
0.00
-100.00%
30.00
Long Term Debt Payments
-1.73
+8.38%
-1.89
-19.75%
-1.57
+95.03%
-31.67
Net Long Term Debt Issuance
-1.73
+8.38%
-1.89
-19.75%
-1.57
+5.80%
-1.67
Short Term Debt Issuance
—
—
0.00
-100.00%
30.00
Short Term Debt Payments
—
—
0.00
+100.00%
-30.00
Net Short Term Debt Issuance
—
—
0.00
0.00
Net Common Stock Issuance
-202.42
+15.17%
-238.61
-156.91%
-92.88
0.00
Common Stock Payments
-202.42
+15.17%
-238.61
-156.91%
-92.88
0.00
Repurchase Of Capital Stock
-202.42
+15.17%
-238.61
-156.91%
-92.88
0.00
Proceeds From Stock Option Exercised
2.51
-30.14%
3.60
-69.32%
11.72
+47.53%
7.95
Net Other Financing Charges
-2.44
-1.54%
-2.41
-13.91%
-2.11
+39.18%
-3.47
Changes In Cash
11.56
+113.34%
-86.67
-173.49%
117.93
+3.23%
114.24
Beginning Cash Position
211.82
-29.04%
298.49
+65.31%
180.56
+172.25%
66.32
End Cash Position
223.38
+5.46%
211.82
-29.04%
298.49
+65.31%
180.56
Free Cash Flow
215.59
+24.90%
172.62
-14.15%
201.06
+83.85%
109.36
Income Tax Paid Supplemental Data
63.42
+21.90%
52.03
+45.62%
35.73
+26.95%
28.14
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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