SAM · NYSE · Consumer Defensive
The Boston Beer Company, Inc. (SAM) — Rank #21 by gross profitability (GP/assets 0.77) · ROE 14.7% · Piotroski F-Score N/A.
As-of 2026-10-30 · CIK 0000949870 · all metrics point-in-time as of the filing date.
About
The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States.
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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.
- Industry
- Beverages - Brewers
- Sector
- Consumer Defensive
- State
- MA
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 27
- Website
- bostonbeer.com
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
2,736
Industry
Beverages - Brewers
Exchange
NYSE
10/11
Flags passed
SAM fails 1 critical flag
Passes 10 of 11 quality flags
- FAILRevenue declining YoY
Revenue contracted year over year
- PASSGross margin holding
- PASSDilution within 2%
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSOperating margin holding
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Operating leverage expanding · Sequential beat (rev + EPS)
No data Balance sheet — not counted as a pass.
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passFCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Does it make money well?
Warning: Revenue declining YoY · GP/assets 0.77
Gross profitability (GP / assets)
0.77
Primary signal (Novy-Marx).
1st of 13 SIC 20 peers
Return on equity
14.7%
Gross margin
48.5%
5th of 13 SIC 20 peers
Revenue growth (YoY)
-2.4%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
-2.0%
Revenue CAGR (5Y)
2.5%
Earnings CAGR (3Y)
17.3%
FCF CAGR (3Y)
25.4%
Cash Flow Health
Is the cash real?
No warning flags · FCF 99% above net income
Free cash flow
$215.59M
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
98.8%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.1%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
No warning flags · net cash $308.07M
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.68
7th of 13 SIC 20 peers (best = lowest)
Current ratio
1.13×
13th of 13 SIC 20 peers
Quick ratio
0.86×
Net cash
$308.07M
Cash & equivalents minus total debt.
Piotroski F-Score
N/A
Only 8/9 components determinable.
Valuation
Is the price reasonable?
No warning flags
Capital allocation quality
Composite score
3.7 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports