Boston Beer (SAM) Financials

$230.89 +2.34 (+1.02%)

Closing price 05/29/2025 03:59 PM Eastern

Extended Trading

$231.17 +0.28 (+0.12%)

As of 05/29/2025 04:37 PM Eastern

Annual Income Statements for Boston Beer

This table shows Boston Beer's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Net Income / (Loss) Attributable to Common Shareholders	60	76	67	15	192	110	-	99	87	98
Consolidated Net Income / (Loss)	60	76	67	15	192	110	-	99	87	98
Net Income / (Loss) Continuing Operations	60	76	67	15	192	110	-	99	87	98
Total Pre-Tax Income	88	110	91	6.91	244	144	-	116	137	155
Total Operating Income	76	100	91	8.00	244	145	-	116	138	156
Total Gross Profit	894	852	862	798	814	614	-	450	460	502
Total Revenue	2,013	2,009	2,090	2,058	1,736	1,250	-	863	906	960
Operating Revenue	2,013	2,009	2,090	2,058	1,736	1,250	-	863	906	960
Total Cost of Revenue	1,119	1,156	1,228	1,260	922	636	-	413	447	458
Operating Cost of Revenue	1,119	1,156	1,228	1,260	922	636	-	413	447	458
Total Operating Expenses	818	752	771	790	570	469	-	334	322	345
Selling, General & Admin Expense	190	175	158	134	118	113	-	73	78	72
Marketing Expense	552	556	578	607	448	356	-	259	244	274
Other Operating Expenses / (Income)	26	-	5.38	31	0.00	0.00	-	-	-	-
Impairment Charge	50	22	30	18	4.47	0.91	-	2.45	-0.24	0.26
Total Other Income / (Expense), net	12	9.59	0.65	-1.09	0.02	-0.54	-	0.47	-0.54	-1.16
Interest & Investment Income	13	11	2.56	-0.11	-0.20	0.65	-	0.55	0.17	0.06
Other Income / (Expense), net	-1.62	-1.41	-1.92	-0.98	0.22	-1.19	-	-0.08	-0.71	-1.22
Income Tax Expense	28	33	24	-7.64	52	34	-	17	50	57
Basic Earnings per Share	$5.07	$6.23	$5.46	$1.19	$15.73	$9.26	-	$24.54	$6.93	$7.46
Weighted Average Basic Shares Outstanding	11.77M	12.24M	12.32M	12.28M	12.20M	11.89M	11.73M	24.20M	12.66M	13.20M
Diluted Earnings per Share	$5.06	$6.21	$5.44	$1.17	$15.53	$9.16	-	$16.18	$6.79	$7.25
Weighted Average Diluted Shares Outstanding	11.77M	12.26M	12.35M	12.44M	12.28M	11.91M	11.73M	12.18M	12.80M	13.52M
Weighted Average Basic & Diluted Shares Outstanding	11.24M	12.02M	12.28M	12.29M	12.27M	12.15M	11.73M	12.10M	12.60M	13.20M

This table shows Boston Beer's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Net Income / (Loss) Attributable to Common Shareholders	24	-39	34	52	13	-18	45	58	-8.96	-11	27
Consolidated Net Income / (Loss)	24	-39	34	52	13	-18	45	58	-8.96	-11	27
Net Income / (Loss) Continuing Operations	24	-39	34	52	13	-18	45	58	-8.96	-11	27
Total Pre-Tax Income	36	-54	49	73	19	-22	64	80	-12	-15	38
Total Operating Income	34	-56	46	71	15	-26	62	78	-14	-17	38
Total Gross Profit	219	161	280	266	186	148	275	274	156	166	258
Total Revenue	454	402	605	579	426	394	602	603	410	448	596
Operating Revenue	454	402	605	579	426	394	602	603	410	448	596
Total Cost of Revenue	235	242	325	313	240	246	327	329	254	282	339
Operating Cost of Revenue	235	242	325	313	240	246	327	329	254	282	339
Total Operating Expenses	185	217	234	196	171	174	213	196	170	182	219
Selling, General & Admin Expense	48	48	44	48	50	44	42	45	44	42	37
Marketing Expense	138	140	148	144	120	129	153	149	125	139	154
Other Operating Expenses / (Income)	0.00	26	0.00	0.00	0.00	-	0.00	0.00	0.00	0.05	0.00
Impairment Charge	0.00	3.43	43	3.40	0.34	1.48	18	1.53	0.48	1.48	28
Total Other Income / (Expense), net	2.07	2.40	3.27	2.51	3.46	3.75	2.57	1.73	1.54	1.43	-0.13
Interest & Investment Income	2.33	3.23	3.58	2.95	3.49	4.02	3.48	1.86	1.64	1.75	0.76
Other Income / (Expense), net	-0.26	-0.83	-0.32	-0.44	-0.04	-0.27	-0.91	-0.12	-0.10	-0.32	-0.89
Income Tax Expense	11	-15	16	21	6.21	-4.06	19	22	-3.45	-3.96	11
Basic Earnings per Share	$2.16	($3.25)	$2.87	$4.40	$1.05	($1.47)	$3.70	$4.73	($0.73)	($0.92)	$2.21
Weighted Average Basic Shares Outstanding	11.28M	11.77M	11.68M	11.90M	12.05M	12.24M	12.23M	12.27M	12.31M	12.32M	12.32M
Diluted Earnings per Share	$2.16	($3.23)	$2.86	$4.39	$1.04	($1.48)	$3.70	$4.72	($0.73)	($0.92)	$2.21
Weighted Average Diluted Shares Outstanding	11.26M	11.77M	11.67M	11.89M	12.06M	12.26M	12.23M	12.28M	12.31M	12.35M	12.34M
Weighted Average Basic & Diluted Shares Outstanding	11.15M	11.24M	11.48M	11.72M	11.95M	12.02M	12.19M	12.24M	12.27M	12.28M	12.30M

This table details how cash moves in and out of Boston Beer's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Net Change in Cash & Equivalents	-87	118	114	-97	127	-72	43	-25	-3.16	18
Net Cash From Operating Activities	249	265	200	56	253	178	163	136	154	169
Net Cash From Continuing Operating Activities	249	265	200	56	253	185	163	136	154	169
Net Income / (Loss) Continuing Operations	60	76	67	15	192	110	93	99	87	98
Consolidated Net Income / (Loss)	60	76	67	15	192	110	93	99	87	98
Depreciation Expense	94	88	81	72	66	56	52	51	50	43
Non-Cash Adjustments To Reconcile Net Income	76	47	72	45	27	18	11	9.53	-6.24	-7.75
Changes in Operating Assets and Liabilities, net	19	54	-21	-75	-31	0.19	8.06	-24	24	35
Net Cash From Investing Activities	-96	-62	-89	-147	-139	-259	-55	-33	-46	-74
Net Cash From Continuing Investing Activities	-96	-62	-89	-147	-139	-259	-55	-33	-46	-74
Purchase of Property, Plant & Equipment	-76	-64	-91	-148	-140	-93	-55	-33	-50	-74
Sale of Property, Plant & Equipment	0.02	1.71	2.08	1.16	0.49	0.17	0.03	0.03	3.86	-
Other Investing Activities, net	-20	0.00	0.00	0.15	0.39	-0.24	0.14	0.03	0.04	0.06
Net Cash From Financing Activities	-239	-85	2.80	-6.64	12	8.86	-65	-128	-111	-77
Net Cash From Continuing Financing Activities	-239	-85	2.80	-6.64	12	8.86	-65	-128	-111	-77
Repayment of Debt	-1.89	-1.58	-32	-1.57	-101	-97	-0.08	-0.06	-0.06	-0.05
Repurchase of Common Equity	-239	-93	0.00	0.00	-	-	-88	-145	-165	-136
Issuance of Debt	0.00	0.00	30	0.00	100	97	0.00	-	-	-
Other Financing Activities, net	1.19	9.61	4.47	-5.07	14	9.24	23	16	53	59
Cash Income Taxes Paid	-52	-36	28	-41	36	31	16	43	31	45

This table details how cash moves in and out of Boston Beer's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Net Change in Cash & Equivalents	-59	-44	36	14	-93	-12	103	85	-58	-41	84
Net Cash From Operating Activities	1.94	42	116	96	-4.88	33	131	119	-18	-25	103
Net Cash From Continuing Operating Activities	1.94	42	116	96	-4.88	33	131	119	-18	-25	103
Net Income / (Loss) Continuing Operations	24	-39	34	52	13	-18	45	58	-8.96	-11	27
Consolidated Net Income / (Loss)	24	-39	34	52	13	-18	45	58	-8.96	-11	27
Depreciation Expense	23	23	24	24	23	22	23	22	22	21	21
Non-Cash Adjustments To Reconcile Net Income	-5.21	0.68	52	14	9.45	-7.37	30	18	6.23	11	50
Changes in Operating Assets and Liabilities, net	-40	57	6.29	6.15	-50	37	33	21	-37	-45	5.70
Net Cash From Investing Activities	-9.88	-24	-17	-20	-36	-15	-12	-17	-17	-19	-20
Net Cash From Continuing Investing Activities	-9.88	-24	-17	-20	-36	-15	-12	-17	-17	-19	-20
Purchase of Property, Plant & Equipment	-9.92	-24	-17	-20	-16	-15	-14	-17	-17	-20	-20
Sale of Property, Plant & Equipment	0.04	-	-	-	0.02	0.00	1.51	-	0.20	1.57	-
Other Investing Activities, net	0.00	-	-	-	-20	-	-	-	0.00	-	-
Net Cash From Financing Activities	-51	-62	-63	-62	-52	-30	-16	-16	-23	2.22	0.31
Net Cash From Continuing Financing Activities	-51	-62	-63	-62	-52	-30	-16	-16	-23	2.22	0.31
Repayment of Debt	-0.42	-0.41	-0.41	-0.51	-0.56	-0.39	-0.39	-0.38	-0.41	-0.40	-0.40
Repurchase of Common Equity	-49	-63	-63	-63	-50	-30	-17	-25	-21	-	-
Issuance of Debt	0.00	-	-	-	0.00	-	-	-	0.00	-	-
Other Financing Activities, net	-1.61	0.90	0.52	1.70	-1.93	1.06	1.19	8.91	-1.55	2.62	0.71
Cash Income Taxes Paid	0.02	-17	-48	12	0.02	-22	-15	-0.35	1.74	-9.72	81

This table presents Boston Beer's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Total Assets	1,250	1,430	1,421	1,387	1,379	1,054	640	570	616	645
Total Current Assets	417	504	423	345	413	219	232	168	194	224
Cash & Equivalents	212	298	181	27	163	37	108	66	91	94
Restricted Cash	0.00	0.00	0.00	39	-	-	-	-	-	-
Accounts Receivable	61	67	57	55	78	54	34	34	37	39
Inventories, net	117	116	148	149	131	106	70	51	52	56
Prepaid Expenses	20	21	27	21	30	12	13	11	8.73	12
Current Deferred & Refundable Income Taxes	6.68	1.71	10	53	10	9.46	5.71	7.62	4.93	22
Plant, Property, & Equipment, net	616	643	668	665	623	541	390	384	408	410
Total Noncurrent Assets	216	284	330	377	343	294	18	17	14	12
Noncurrent Note & Lease Receivables	17	0.00	-	-	-	-	-	-	-	-
Goodwill	113	113	113	113	113	113	3.68	3.68	3.68	3.68
Intangible Assets	16	60	76	104	104	104	2.10	-	-	-
Other Noncurrent Operating Assets	71	112	141	160	126	78	13	13	9.97	8.19
Total Liabilities & Shareholders' Equity	1,250	1,430	1,421	1,387	1,379	1,054	640	570	616	645
Total Liabilities	334	352	352	403	422	318	180	146	169	184
Total Current Liabilities	232	223	204	255	259	181	121	102	102	111
Accounts Payable	87	87	84	86	122	76	47	38	41	43
Accrued Expenses	139	127	111	162	130	99	73	64	61	68
Other Current Liabilities	5.74	9.11	8.87	7.63	8.23	5.17	-	-	-	-
Total Noncurrent Liabilities	102	129	148	148	162	138	59	44	68	73
Noncurrent Deferred & Payable Income Tax Liabilities	66	86	97	87	93	75	49	35	57	56
Other Noncurrent Operating Liabilities	36	43	51	61	70	63	9.85	9.52	11	17
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	916	1,078	1,069	983	957	736	460	424	447	461
Total Preferred & Common Equity	916	1,078	1,069	983	957	736	460	424	447	461
Total Common Equity	916	1,078	1,069	983	957	736	460	423	446	461
Common Stock	677	656	630	612	600	572	406	373	350	290
Retained Earnings	240	422	439	372	357	165	56	52	98	172
Accumulated Other Comprehensive Income / (Loss)	-0.70	-0.06	-0.21	-0.19	-0.25	-1.67	-1.20	-1.29	-1.10	-0.95

This table presents Boston Beer's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/29/2025	9/28/2024	6/29/2024	3/30/2024	9/30/2023	7/1/2023	4/1/2023	9/24/2022
Total Assets	1,240	1,382	1,435	1,384	1,517	1,493	1,393	1,531
Total Current Assets	414	536	526	453	579	517	404	529
Cash & Equivalents	152	256	219	205	311	208	123	222
Accounts Receivable	88	94	125	73	88	117	80	92
Inventories, net	145	160	152	147	148	156	151	192
Prepaid Expenses	29	26	28	27	32	35	39	18
Current Deferred & Refundable Income Taxes	0.10	0.00	1.16	0.24	0.00	1.75	11	4.25
Plant, Property, & Equipment, net	604	619	627	635	647	656	663	671
Total Noncurrent Assets	222	227	282	296	290	319	326	331
Noncurrent Note & Lease Receivables	17	17	19	19	-	-	-	-
Goodwill	113	113	113	113	113	113	113	113
Intangible Assets	16	17	60	60	60	76	76	76
Other Noncurrent Operating Assets	77	81	91	105	118	130	137	142
Total Liabilities & Shareholders' Equity	1,240	1,382	1,435	1,384	1,517	1,493	1,393	1,531
Total Liabilities	343	368	395	337	396	405	351	457
Total Current Liabilities	241	264	270	211	265	263	208	314
Accounts Payable	110	103	115	98	115	121	101	151
Accrued Expenses	119	154	147	105	141	133	98	154
Other Current Liabilities	12	6.60	7.48	8.35	9.03	8.97	8.91	8.61
Total Noncurrent Liabilities	102	104	125	126	131	143	144	143
Noncurrent Deferred & Payable Income Tax Liabilities	63	66	86	86	86	95	96	90
Other Noncurrent Operating Liabilities	39	38	39	40	45	47	47	53
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	897	1,014	1,041	1,047	1,121	1,087	1,041	1,074
Total Preferred & Common Equity	897	1,014	1,041	1,047	1,121	1,087	1,041	1,074
Total Common Equity	897	1,014	1,041	1,047	1,121	1,087	1,041	1,074
Common Stock	682	672	668	663	651	646	633	624
Retained Earnings	215	342	373	384	470	441	408	451
Accumulated Other Comprehensive Income / (Loss)	-0.55	-0.24	-0.28	-0.22	-0.21	-0.07	-0.19	-0.46

This table displays calculated financial ratios and metrics derived from Boston Beer's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.21%	-3.91%	1.59%	18.50%	38.93%	0.00%	0.00%	-4.79%	-5.57%	6.30%
EBITDA Growth	-9.85%	9.69%	115.17%	-74.49%	55.05%	284.84%	-68.85%	-10.54%	-5.73%	9.48%
EBIT Growth	-24.59%	10.93%	1,166.21%	-97.13%	70.07%	0.00%	-100.00%	-15.60%	-11.62%	6.44%
NOPAT Growth	-25.60%	4.18%	296.49%	-91.22%	73.78%	0.00%	-100.00%	12.50%	-11.56%	8.54%
Net Income Growth	-21.71%	13.36%	362.19%	-92.42%	74.44%	0.00%	0.00%	13.39%	-11.24%	8.45%
EPS Growth	-18.52%	14.15%	364.96%	-92.47%	69.54%	0.00%	0.00%	138.29%	-6.34%	8.37%
Operating Cash Flow Growth	-6.13%	32.61%	255.16%	-77.78%	42.17%	9.05%	20.20%	-11.81%	-8.59%	19.45%
Free Cash Flow Firm Growth	-28.79%	85.77%	189.99%	-209.60%	141.09%	-4,064.37%	-93.80%	-3.40%	8.47%	682.73%
Invested Capital Growth	-9.63%	-12.22%	-3.17%	15.55%	13.55%	98.62%	-1.67%	0.66%	-3.27%	2.01%
Revenue Q/Q Growth	0.43%	-2.61%	4.99%	-5.20%	10.12%	0.00%	0.00%	-1.49%	0.47%	-0.28%
EBITDA Q/Q Growth	-14.74%	-4.17%	51.11%	-58.90%	9.74%	263.96%	-65.98%	-10.25%	5.21%	-2.11%
EBIT Q/Q Growth	-29.19%	-8.42%	171.38%	-94.29%	11.51%	0.00%	-100.00%	-14.55%	6.45%	-3.39%
NOPAT Q/Q Growth	-27.67%	-10.54%	140.23%	-83.06%	10.71%	0.00%	-100.00%	9.29%	7.11%	-3.08%
Net Income Q/Q Growth	-25.68%	-8.08%	150.10%	-85.32%	11.02%	0.00%	0.00%	9.22%	7.44%	-2.92%
EPS Q/Q Growth	-25.70%	-8.27%	138.60%	-85.19%	86.21%	0.00%	0.00%	121.64%	7.95%	-2.42%
Operating Cash Flow Q/Q Growth	3.82%	27.85%	-13.18%	-41.02%	3.65%	-10.01%	20.36%	-11.74%	14.58%	-6.87%
Free Cash Flow Firm Q/Q Growth	3.11%	48.80%	-19.25%	-29.86%	-6.35%	27.47%	-92.53%	-19.39%	44.33%	-5.67%
Invested Capital Q/Q Growth	-7.14%	-3.77%	4.23%	-2.73%	4.24%	1.03%	-3.76%	3.96%	-4.79%	1.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.40%	42.44%	41.24%	38.77%	46.90%	49.14%	0.00%	52.13%	50.71%	52.26%
EBITDA Margin	8.36%	9.30%	8.14%	3.85%	17.86%	16.00%	0.00%	19.33%	20.58%	20.61%
Operating Margin	3.77%	4.98%	4.34%	0.39%	14.06%	11.59%	0.00%	13.40%	15.19%	16.27%
EBIT Margin	3.69%	4.91%	4.25%	0.34%	14.08%	11.50%	0.00%	13.39%	15.11%	16.14%
Profit (Net Income) Margin	2.97%	3.80%	3.22%	0.71%	11.05%	8.80%	0.00%	11.48%	9.64%	10.25%
Tax Burden Percent	68.14%	69.58%	73.56%	210.64%	78.60%	76.22%	0.00%	85.28%	63.70%	63.49%
Interest Burden Percent	117.82%	111.15%	102.88%	98.43%	99.92%	100.45%	0.00%	100.47%	100.12%	100.04%
Effective Tax Rate	31.86%	30.42%	26.44%	-110.64%	21.40%	23.78%	0.00%	14.72%	36.30%	36.51%
Return on Invested Capital (ROIC)	6.98%	8.35%	7.40%	1.97%	25.72%	21.02%	0.00%	27.66%	24.25%	27.24%
ROIC Less NNEP Spread (ROIC-NNEP)	3.87%	5.56%	7.02%	3.97%	25.70%	21.59%	0.00%	27.15%	24.63%	28.12%
Return on Net Nonoperating Assets (RNNOA)	-0.99%	-1.24%	-0.84%	-0.47%	-3.04%	-2.62%	0.00%	-4.89%	-5.01%	-5.31%
Return on Equity (ROE)	5.99%	7.10%	6.56%	1.50%	22.68%	18.40%	0.00%	22.77%	19.24%	21.93%
Cash Return on Invested Capital (CROIC)	17.10%	21.37%	10.62%	-12.46%	13.03%	-45.03%	1.68%	27.00%	27.58%	25.26%
Operating Return on Assets (OROA)	5.55%	6.92%	6.33%	0.51%	20.09%	16.97%	0.00%	19.50%	21.72%	24.78%
Return on Assets (ROA)	4.45%	5.35%	4.79%	1.05%	15.78%	12.99%	0.00%	16.71%	13.85%	15.74%
Return on Common Equity (ROCE)	5.99%	7.10%	6.56%	1.50%	22.68%	18.40%	0.00%	22.76%	19.24%	21.93%
Return on Equity Simple (ROE_SIMPLE)	6.52%	7.07%	6.29%	1.48%	20.06%	14.96%	0.00%	23.39%	19.56%	21.34%
Net Operating Profit after Tax (NOPAT)	52	70	67	17	192	110	0.00	99	88	99
NOPAT Margin	2.57%	3.46%	3.20%	0.82%	11.05%	8.84%	0.00%	11.43%	9.67%	10.33%
Net Nonoperating Expense Percent (NNEP)	3.11%	2.78%	0.38%	-2.00%	0.02%	-0.57%	0.00%	0.51%	-0.37%	-0.87%
Return On Investment Capital (ROIC_SIMPLE)	5.65%	6.45%	6.25%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	55.60%	57.56%	58.76%	61.23%	53.10%	50.86%	0.00%	47.87%	49.29%	47.74%
SG&A Expenses to Revenue	9.43%	8.69%	7.54%	6.49%	6.81%	9.02%	0.00%	8.47%	8.61%	7.45%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	40.63%	37.46%	36.89%	38.38%	32.84%	37.55%	0.00%	38.73%	35.52%	35.99%
Earnings before Interest and Taxes (EBIT)	74	99	89	7.02	244	144	0.00	116	137	155
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	168	187	170	79	310	200	52	167	187	198
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.77	3.91	3.79	6.56	12.98	6.20	6.03	5.31	4.78	5.75
Price to Tangible Book Value (P/TBV)	4.39	4.65	4.61	8.40	16.78	8.78	6.11	5.35	4.82	5.80
Price to Revenue (P/Rev)	1.72	2.10	1.94	3.13	7.16	3.65	0.00	2.60	2.35	2.76
Price to Earnings (P/E)	57.93	55.25	60.23	442.95	64.73	41.42	0.00	22.69	24.41	26.96
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.73%	1.81%	1.66%	0.23%	1.54%	2.41%	0.00%	4.41%	4.10%	3.71%
Enterprise Value to Invested Capital (EV/IC)	4.61	5.02	4.36	6.96	15.45	6.47	7.58	6.10	5.74	6.96
Enterprise Value to Revenue (EV/Rev)	1.61	1.95	1.85	3.10	7.06	3.62	0.00	2.53	2.25	2.67
Enterprise Value to EBITDA (EV/EBITDA)	19.28	20.96	22.74	80.64	39.54	22.61	51.32	13.08	10.95	12.94
Enterprise Value to EBIT (EV/EBIT)	43.66	39.70	43.55	908.95	50.17	31.46	0.00	18.88	14.91	16.52
Enterprise Value to NOPAT (EV/NOPAT)	62.71	56.26	57.96	378.75	63.88	40.93	0.00	22.12	23.28	25.81
Enterprise Value to Operating Cash Flow (EV/OCF)	13.04	14.76	19.36	113.33	48.39	25.37	16.32	16.05	13.24	15.17
Enterprise Value to Free Cash Flow (EV/FCFF)	25.59	21.98	40.37	0.00	126.12	0.00	446.85	22.66	20.48	27.84
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.26	-0.22	-0.12	-0.12	-0.12	-0.12	-0.20	-0.18	-0.20	-0.19
Leverage Ratio	1.34	1.33	1.37	1.43	1.44	1.42	1.37	1.36	1.39	1.39
Compound Leverage Factor	1.58	1.48	1.41	1.40	1.44	1.42	0.00	1.37	1.39	1.39
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.11%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.97%	99.97%	99.86%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.47
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.94
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	8.47	9.46	9.20	11.54	20.01	10.49	9.60	11.68	10.16	11.50
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.03%	0.03%	0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.80	2.26	2.07	1.35	1.59	1.21	1.92	1.65	1.91	2.01
Quick Ratio	1.18	1.64	1.16	0.32	0.93	0.50	1.18	0.98	1.26	1.20
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	127	178	96	-107	97	-237	5.97	96	100	92
Operating Cash Flow to CapEx	326.40%	425.07%	225.91%	38.36%	181.64%	191.52%	294.86%	412.54%	334.77%	227.38%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.50	1.41	1.49	1.49	1.43	1.48	0.00	1.46	1.44	1.54
Accounts Receivable Turnover	31.35	32.48	37.43	30.85	26.16	28.25	0.00	24.50	23.96	25.31
Inventory Turnover	9.61	8.75	8.26	9.00	7.78	7.21	0.00	8.01	8.20	8.51
Fixed Asset Turnover	3.20	3.07	3.14	3.20	2.98	2.69	0.00	2.18	2.22	2.43
Accounts Payable Turnover	12.83	13.48	14.44	12.14	9.31	10.30	0.00	10.49	10.73	11.71
Days Sales Outstanding (DSO)	11.64	11.24	9.75	11.83	13.95	12.92	0.00	14.90	15.24	14.42
Days Inventory Outstanding (DIO)	37.98	41.70	44.21	40.57	46.90	50.61	0.00	45.57	44.51	42.91
Days Payable Outstanding (DPO)	28.46	27.07	25.28	30.07	39.20	35.45	0.00	34.78	34.03	31.18
Cash Conversion Cycle (CCC)	21.17	25.87	28.68	22.33	21.66	28.08	0.00	25.69	25.72	26.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	704	779	888	917	794	699	352	358	356	368
Invested Capital Turnover	2.71	2.41	2.32	2.41	2.33	2.38	0.00	2.42	2.51	2.64
Increase / (Decrease) in Invested Capital	-75	-109	-29	123	95	347	-5.97	2.34	-12	7.24
Enterprise Value (EV)	3,246	3,915	3,871	6,380	12,262	4,521	2,667	2,182	2,041	2,559
Market Capitalization	3,458	4,213	4,051	6,446	12,425	4,558	2,775	2,248	2,132	2,653
Book Value per Share	$79.77	$88.42	$86.91	$80.07	$78.17	$61.13	$39.61	$36.00	$35.56	$35.70
Tangible Book Value per Share	$68.54	$74.30	$71.55	$62.47	$60.49	$43.11	$39.12	$35.69	$35.27	$35.41
Total Capital	916	1,078	1,069	983	957	736	460	424	447	462
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.53
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.47
Net Debt	-212	-298	-181	-66	-163	-37	-108	-66	-91	-94
Capital Expenditures (CapEx)	76	62	89	147	140	93	55	33	46	74
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-26	-18	38	24	-9.53	1.33	2.66	0.95	1.33	18
Debt-free Net Working Capital (DFNWC)	186	280	219	90	154	38	111	67	92	113
Net Working Capital (NWC)	186	280	219	90	154	38	111	67	92	112
Net Nonoperating Expense (NNE)	-7.92	-6.67	-0.47	2.29	-0.02	0.41	0.00	-0.40	0.34	0.74
Net Nonoperating Obligations (NNO)	-212	-298	-181	-66	-163	-37	-108	-66	-91	-94
Total Depreciation and Amortization (D&A)	94	88	81	72	66	56	52	51	50	43
Debt-free, Cash-free Net Working Capital to Revenue	-1.30%	-0.91%	1.84%	1.16%	-0.55%	0.11%	0.00%	0.11%	0.15%	1.91%
Debt-free Net Working Capital to Revenue	9.22%	13.95%	10.48%	4.39%	8.85%	3.04%	0.00%	7.72%	10.19%	11.72%
Net Working Capital to Revenue	9.22%	13.95%	10.48%	4.39%	8.85%	3.04%	0.00%	7.72%	10.19%	11.71%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.07	$6.23	$5.46	$1.19	$47.19	$27.78	$7.90	$8.18	$6.93	$7.46
Adjusted Weighted Average Basic Shares Outstanding	11.77M	12.24M	12.32M	12.28M	24.33M	23.77M	11.84M	11.83M	12.50M	12.83M
Adjusted Diluted Earnings per Share	$5.06	$6.21	$5.44	$1.17	$15.53	$18.32	$7.82	$8.09	$6.79	$7.25
Adjusted Weighted Average Diluted Shares Outstanding	11.77M	12.26M	12.35M	12.44M	12.28M	11.91M	11.73M	12.18M	12.80M	13.52M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.24M	12.02M	12.28M	12.29M	12.27M	12.15M	11.62M	11.83M	12.50M	12.83M
Normalized Net Operating Profit after Tax (NOPAT)	86	85	89	19	195	111	0.00	101	88	99
Normalized NOPAT Margin	4.26%	4.22%	4.25%	0.90%	11.26%	8.89%	0.00%	11.67%	9.66%	10.35%
Pre Tax Income Margin	4.35%	5.46%	4.37%	0.34%	14.07%	11.55%	0.00%	13.46%	15.13%	16.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	399.72%	121.81%	0.00%	0.00%	0.00%	0.00%	0.00%	145.99%	188.51%	137.89%

This table displays calculated financial ratios and metrics derived from Boston Beer's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.53%	2.18%	0.64%	-4.01%	3.92%	-12.02%	0.86%	-2.10%	-4.68%	28.56%	6.20%
EBITDA Growth	45.47%	-624.59%	-16.93%	-5.98%	392.06%	-234.64%	43.30%	9.75%	-54.72%	106.40%	201.18%
EBIT Growth	118.80%	-117.02%	-24.88%	-10.06%	209.04%	-52.94%	61.68%	10.54%	-523.16%	76.62%	149.03%
NOPAT Growth	123.71%	-116.10%	-28.05%	-10.97%	205.35%	-54.27%	58.81%	5.66%	-547.35%	76.96%	151.62%
Net Income Growth	93.79%	-113.83%	-26.01%	-9.81%	240.65%	-58.75%	66.00%	8.78%	-358.11%	77.95%	146.71%
EPS Growth	107.69%	-118.24%	-22.70%	-6.99%	242.47%	-60.87%	67.42%	9.51%	-356.25%	77.45%	146.43%
Operating Cash Flow Growth	139.70%	27.95%	-11.72%	-19.30%	72.60%	230.96%	26.89%	-26.80%	56.54%	-569.02%	417.80%
Free Cash Flow Firm Growth	36.38%	-60.34%	-3.15%	30.11%	57.91%	421.51%	-27.81%	-35.05%	154.72%	109.94%	150.45%
Invested Capital Growth	-11.50%	-9.63%	-6.35%	-6.62%	-8.44%	-12.22%	-4.92%	-2.96%	-6.64%	-3.17%	-9.64%
Revenue Q/Q Growth	12.82%	-33.56%	4.56%	35.92%	8.21%	-34.55%	-0.28%	47.15%	-8.39%	-24.97%	-3.21%
EBITDA Q/Q Growth	266.81%	-148.63%	-26.09%	142.65%	930.90%	-105.57%	-16.36%	1,169.98%	127.36%	-94.07%	-35.94%
EBIT Q/Q Growth	158.94%	-224.91%	-35.32%	359.49%	158.46%	-143.24%	-22.57%	657.08%	18.00%	-145.71%	-47.06%
NOPAT Q/Q Growth	158.65%	-225.36%	-38.11%	391.59%	156.66%	-141.74%	-23.42%	681.71%	17.03%	-142.97%	-49.05%
Net Income Q/Q Growth	162.99%	-215.64%	-35.97%	315.49%	169.50%	-140.01%	-21.95%	748.00%	21.56%	-141.84%	-48.85%
EPS Q/Q Growth	166.87%	-212.94%	-34.85%	322.12%	170.27%	-140.00%	-21.61%	746.58%	20.65%	-141.63%	-48.72%
Operating Cash Flow Q/Q Growth	-95.37%	-63.84%	20.70%	2,065.60%	-114.91%	-75.05%	10.34%	767.48%	28.73%	-124.17%	-36.35%
Free Cash Flow Firm Q/Q Growth	233.98%	-56.67%	-23.92%	23.86%	-2.88%	5.83%	2.20%	50.33%	220.73%	-85.35%	-8.06%
Invested Capital Q/Q Growth	5.71%	-7.14%	-7.63%	-2.38%	7.93%	-3.77%	-7.90%	-4.28%	3.47%	4.23%	-5.99%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	48.31%	39.94%	46.28%	46.01%	43.74%	37.56%	45.65%	45.44%	37.97%	36.98%	43.21%
EBITDA Margin	12.41%	-8.39%	11.47%	16.22%	9.09%	-1.18%	13.89%	16.56%	1.92%	0.77%	9.78%
Operating Margin	7.44%	-13.93%	7.57%	12.23%	3.60%	-6.59%	10.22%	12.99%	-3.40%	-3.76%	6.43%
EBIT Margin	7.38%	-14.13%	7.52%	12.15%	3.59%	-6.65%	10.07%	12.97%	-3.43%	-3.83%	6.28%
Profit (Net Income) Margin	5.38%	-9.63%	5.54%	9.04%	2.96%	-4.60%	7.53%	9.62%	-2.18%	-2.55%	4.57%
Tax Burden Percent	68.11%	72.27%	68.26%	71.38%	66.97%	81.71%	70.70%	72.45%	72.21%	74.24%	71.37%
Interest Burden Percent	106.96%	94.32%	107.87%	104.19%	122.81%	84.66%	105.74%	102.37%	88.30%	89.77%	102.03%
Effective Tax Rate	31.89%	0.00%	31.74%	28.62%	33.03%	0.00%	29.30%	27.55%	0.00%	0.00%	28.63%
Return on Invested Capital (ROIC)	13.04%	-26.45%	13.21%	20.54%	5.55%	-11.11%	17.94%	21.69%	-5.18%	-6.09%	10.18%
ROIC Less NNEP Spread (ROIC-NNEP)	12.26%	-26.63%	12.42%	19.70%	4.14%	-11.12%	17.26%	20.96%	-6.49%	-6.37%	10.25%
Return on Net Nonoperating Assets (RNNOA)	-2.26%	6.82%	-3.29%	-3.95%	-0.65%	2.48%	-4.19%	-3.40%	0.39%	0.77%	-1.50%
Return on Equity (ROE)	10.79%	-19.64%	9.91%	16.58%	4.90%	-8.62%	13.75%	18.29%	-4.79%	-5.32%	8.68%
Cash Return on Invested Capital (CROIC)	20.33%	17.10%	15.69%	16.68%	19.01%	21.37%	14.41%	9.91%	13.02%	10.62%	13.23%
Operating Return on Assets (OROA)	11.48%	-21.23%	10.40%	16.61%	5.24%	-9.38%	13.63%	17.95%	-5.10%	-5.70%	8.36%
Return on Assets (ROA)	8.36%	-14.47%	7.65%	12.35%	4.31%	-6.49%	10.19%	13.31%	-3.25%	-3.80%	6.08%
Return on Common Equity (ROCE)	10.79%	-19.64%	9.91%	16.58%	4.90%	-8.62%	13.75%	18.29%	-4.79%	-5.32%	8.68%
Return on Equity Simple (ROE_SIMPLE)	7.97%	0.00%	7.92%	8.85%	9.34%	0.00%	7.40%	5.97%	5.79%	0.00%	2.50%
Net Operating Profit after Tax (NOPAT)	23	-39	31	51	10	-18	43	57	-9.76	-12	27
NOPAT Margin	5.07%	-9.75%	5.17%	8.73%	2.41%	-4.61%	7.23%	9.41%	-2.38%	-2.63%	4.59%
Net Nonoperating Expense Percent (NNEP)	0.79%	0.18%	0.79%	0.84%	1.41%	0.01%	0.68%	0.73%	1.31%	0.28%	-0.06%
Return On Investment Capital (ROIC_SIMPLE)	2.56%	-4.28%	-	-	-	-1.68%	-	-	-	-1.10%	-
Cost of Revenue to Revenue	51.69%	60.06%	53.72%	53.99%	56.26%	62.44%	54.35%	54.56%	62.03%	63.02%	56.79%
SG&A Expenses to Revenue	10.57%	11.85%	7.24%	8.29%	11.83%	11.10%	7.02%	7.44%	10.66%	9.30%	6.27%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	40.87%	53.87%	38.71%	33.78%	40.13%	44.15%	35.43%	32.45%	41.37%	40.74%	36.78%
Earnings before Interest and Taxes (EBIT)	34	-57	46	70	15	-26	61	78	-14	-17	37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	56	-34	69	94	39	-4.66	84	100	7.87	3.46	58
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.00	3.77	3.28	3.50	3.55	3.91	4.25	3.48	3.88	3.79	3.64
Price to Tangible Book Value (P/TBV)	3.50	4.39	3.75	4.20	4.24	4.65	5.02	4.21	4.73	4.61	4.41
Price to Revenue (P/Rev)	1.32	1.72	1.66	1.82	1.83	2.10	2.31	1.84	1.95	1.94	1.96
Price to Earnings (P/E)	37.64	57.93	41.35	39.59	37.95	55.25	57.45	58.27	66.98	60.23	145.20
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.66%	1.73%	2.42%	2.53%	2.64%	1.81%	1.74%	1.72%	1.49%	1.66%	0.69%
Enterprise Value to Invested Capital (EV/IC)	3.41	4.61	4.04	4.17	4.17	5.02	5.50	4.07	4.26	4.36	4.32
Enterprise Value to Revenue (EV/Rev)	1.24	1.61	1.53	1.71	1.73	1.95	2.16	1.74	1.89	1.85	1.85
Enterprise Value to EBITDA (EV/EBITDA)	13.65	19.28	15.53	16.20	16.11	20.96	22.87	21.09	24.35	22.74	32.69
Enterprise Value to EBIT (EV/EBIT)	27.43	43.66	29.20	28.54	27.40	39.70	41.38	42.30	50.78	43.55	112.46
Enterprise Value to NOPAT (EV/NOPAT)	39.36	62.71	42.83	40.96	39.03	56.26	57.28	58.00	66.86	57.96	132.47
Enterprise Value to Operating Cash Flow (EV/OCF)	9.93	13.04	12.79	13.43	12.61	14.76	21.48	19.92	17.54	19.36	15.99
Enterprise Value to Free Cash Flow (EV/FCFF)	15.75	25.59	24.92	24.16	20.95	21.98	37.22	40.43	31.59	40.37	31.02
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.18	-0.26	-0.27	-0.20	-0.16	-0.22	-0.24	-0.16	-0.06	-0.12	-0.15
Leverage Ratio	1.35	1.34	1.36	1.38	1.33	1.33	1.39	1.40	1.37	1.37	1.42
Compound Leverage Factor	1.44	1.27	1.46	1.43	1.63	1.12	1.47	1.43	1.21	1.23	1.45
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	6.85	8.12	7.56	7.67	8.70	9.17	9.39	7.77	8.93	8.95	7.09
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.72	1.80	2.03	1.95	2.14	2.26	2.19	1.97	1.94	2.07	1.69
Quick Ratio	1.00	1.18	1.33	1.28	1.32	1.64	1.51	1.24	0.98	1.16	1.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	120	36	83	109	88	90	85	84	56	17	118
Operating Cash Flow to CapEx	19.63%	178.25%	694.69%	471.67%	-31.08%	213.93%	1,053.91%	679.88%	-104.12%	-133.74%	530.25%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.56	1.50	1.38	1.37	1.46	1.41	1.35	1.38	1.49	1.49	1.33
Accounts Receivable Turnover	25.40	31.35	22.02	16.50	26.46	32.48	22.87	17.40	22.75	37.43	22.69
Inventory Turnover	7.63	9.61	7.28	7.31	7.67	8.75	7.00	7.53	7.82	8.26	6.15
Fixed Asset Turnover	3.29	3.20	3.17	3.12	3.12	3.07	3.13	3.09	3.11	3.14	2.98
Accounts Payable Turnover	10.70	12.83	10.33	9.54	11.49	13.48	8.96	9.44	11.49	14.44	8.30
Days Sales Outstanding (DSO)	14.37	11.64	16.58	22.12	13.80	11.24	15.96	20.97	16.04	9.75	16.08
Days Inventory Outstanding (DIO)	47.84	37.98	50.15	49.96	47.57	41.70	52.12	48.49	46.66	44.21	59.37
Days Payable Outstanding (DPO)	34.10	28.46	35.35	38.24	31.78	27.07	40.73	38.65	31.78	25.28	43.98
Cash Conversion Cycle (CCC)	28.10	21.17	31.38	33.84	29.59	25.87	27.35	30.82	30.93	28.68	31.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	745	704	759	821	841	779	810	879	919	888	852
Invested Capital Turnover	2.57	2.71	2.56	2.35	2.30	2.41	2.48	2.30	2.18	2.32	2.22
Increase / (Decrease) in Invested Capital	-97	-75	-51	-58	-78	-109	-42	-27	-65	-29	-91
Enterprise Value (EV)	2,539	3,246	3,066	3,427	3,506	3,915	4,455	3,577	3,914	3,871	3,683
Market Capitalization	2,691	3,458	3,321	3,647	3,711	4,213	4,766	3,784	4,037	4,051	3,905
Book Value per Share	$79.78	$79.77	$86.56	$87.05	$86.84	$88.42	$91.60	$88.61	$84.80	$86.91	$87.36
Tangible Book Value per Share	$68.35	$68.54	$75.52	$72.65	$72.56	$74.30	$77.52	$73.23	$69.42	$71.55	$71.99
Total Capital	897	916	1,014	1,041	1,047	1,078	1,121	1,087	1,041	1,069	1,074
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-152	-212	-256	-219	-205	-298	-311	-208	-123	-181	-222
Capital Expenditures (CapEx)	9.88	24	17	20	16	15	12	17	17	19	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	21	-26	16	37	36	-18	3.87	47	74	38	-6.88
Debt-free Net Working Capital (DFNWC)	173	186	272	256	242	280	315	254	196	219	215
Net Working Capital (NWC)	173	186	272	256	242	280	315	254	196	219	215
Net Nonoperating Expense (NNE)	-1.41	-0.47	-2.23	-1.79	-2.31	-0.02	-1.81	-1.26	-0.80	-0.35	0.09
Net Nonoperating Obligations (NNO)	-152	-212	-256	-219	-205	-298	-311	-208	-123	-181	-222
Total Depreciation and Amortization (D&A)	23	23	24	24	23	22	23	22	22	21	21
Debt-free, Cash-free Net Working Capital to Revenue	1.01%	-1.30%	0.82%	1.85%	1.78%	-0.91%	0.19%	2.26%	3.56%	1.84%	-0.35%
Debt-free Net Working Capital to Revenue	8.48%	9.22%	13.57%	12.81%	11.93%	13.95%	15.26%	12.36%	9.48%	10.48%	10.81%
Net Working Capital to Revenue	8.48%	9.22%	13.57%	12.81%	11.93%	13.95%	15.26%	12.36%	9.48%	10.48%	10.81%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.16	($3.25)	$2.87	$4.40	$1.05	($1.47)	$3.70	$4.73	($0.73)	($0.92)	$2.21
Adjusted Weighted Average Basic Shares Outstanding	11.28M	11.77M	11.68M	11.90M	12.05M	12.24M	12.23M	12.27M	12.31M	12.32M	12.32M
Adjusted Diluted Earnings per Share	$2.16	($3.23)	$2.86	$4.39	$1.04	($1.48)	$3.70	$4.72	($0.73)	($0.92)	$2.21
Adjusted Weighted Average Diluted Shares Outstanding	11.26M	11.77M	11.67M	11.89M	12.06M	12.26M	12.23M	12.28M	12.31M	12.35M	12.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.15M	11.24M	11.48M	11.72M	11.95M	12.02M	12.19M	12.24M	12.27M	12.28M	12.30M
Normalized Net Operating Profit after Tax (NOPAT)	23	-37	60	53	11	-17	56	58	-9.42	-11	48
Normalized NOPAT Margin	5.07%	-9.15%	9.97%	9.15%	2.47%	-4.35%	9.38%	9.60%	-2.30%	-2.40%	7.97%
Pre Tax Income Margin	7.90%	-13.33%	8.11%	12.66%	4.41%	-5.63%	10.65%	13.28%	-3.02%	-3.44%	6.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	332.88%	399.72%	256.89%	173.65%	124.48%	121.81%	75.31%	70.65%	35.01%	0.00%	0.00%

Frequently Asked Questions About Boston Beer's Financials

When does Boston Beer's fiscal year end?

According to the most recent income statement we have on file, Boston Beer's financial year ends in December. Their financial year 2024 ended on December 28, 2024.

How has Boston Beer's net income changed over the last 9 years?

Boston Beer's net income appears to be on a downward trend, with a most recent value of $59.70 million in 2024, falling from $98.41 million in 2015. The previous period was $76.25 million in 2023. View Boston Beer's forecast to see where analysts expect Boston Beer to go next.

What is Boston Beer's operating income?

Boston Beer's total operating income in 2024 was $75.97 million, based on the following breakdown:

Total Gross Profit: $893.73 million
Total Operating Expenses: $817.76 million

How has Boston Beer revenue changed over the last 9 years?

Over the last 9 years, Boston Beer's total revenue changed from $959.93 million in 2015 to $2.01 billion in 2024, a change of 109.7%.

How much debt does Boston Beer have?

Boston Beer's total liabilities were at $333.83 million at the end of 2024, a 5.2% decrease from 2023, and a 81.3% increase since 2015.

How much cash does Boston Beer have?

In the past 9 years, Boston Beer's cash and equivalents has ranged from $26.85 million in 2021 to $298.49 million in 2023, and is currently $211.82 million as of their latest financial filing in 2024.

How has Boston Beer's book value per share changed over the last 9 years?

Over the last 9 years, Boston Beer's book value per share changed from 35.70 in 2015 to 79.77 in 2024, a change of 123.5%.

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This page (NYSE:SAM) was last updated on 5/30/2025 by MarketBeat.com Staff

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Boston Beer (SAM) Financials

Frequently Asked Questions About Boston Beer's Financials

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Boston Beer (SAM) Financials

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