
Boston Beer's debt-free balance sheet and margin gains offer support, but falling volumes, estimate cuts and a rich valuation warrant caution.
The Boston Beer Company, Inc. produces and sells alcoholic beverages primarily in the United States. The company is headquartered in Boston, Massachusetts.
| Revenue (TTM) | $1.93B |
| Gross Profit (TTM) | $941.13M |
| EBITDA | $197.42M |
| Operating Margin | 9.33% |
| Return on Equity | -8.61% |
| Return on Assets | 5.43% |
| Revenue/Share (TTM) | $182.49 |
| Book Value | $66.97 |
| Price-to-Book | 2.68 |
| Price-to-Sales (TTM) | 1.00 |
| EV/Revenue | 0.871 |
| EV/EBITDA | 8.74 |
| Quarterly Earnings Growth (YoY) | -9.00% |
| Quarterly Revenue Growth (YoY) | -3.30% |
| Shares Outstanding | $8.35M |
| Float | $6.66M |
| % Insiders | 9.34% |
| % Institutions | 100.89% |
Volatility is currently expanding

Boston Beer's debt-free balance sheet and margin gains offer support, but falling volumes, estimate cuts and a rich valuation warrant caution.

SAM's spirits-based RTD gains and supply-chain efficiencies are improving mix, but core-brand weakness keeps overall volume under pressure.

SAM's demand slump is dragging volumes, even as pricing, mix, brewery gains and new products help protect margins.

LEN, AXSM and SAM have been added to the Zacks Rank #5 (Strong Sell) List on July 27, 2026.

SAM's Q2 earnings and revenues fall short of estimates as weaker volumes and a 16.4% rise in marketing costs pressure results.

The Boston Beer Company, Inc. (SAM) Q2 2026 Earnings Call Transcript

Boston Beer NYSE: SAM said second-quarter demand remained challenging as declines in Twisted Tea and Truly continued to weigh on volume, even as Sun Cruiser and Angry Orchard posted growth and gross margin improved.

The beverage company reported net income of $51.6 million as its shipment volume decreased 4.5% year-over-year.

BOSTON, July 23, 2026 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the second quarter ended June 27, 2026. Key results were:

As of July 20, the Russell 2000 index, often referred to as the small-cap index, is up approximately 18% in 2026. That's about double the gains of the S&P 500 and evidence of the sector rotation in the market.
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