The Boston Beer Company, Inc. (SAM) AI Stock Analysis

Established in 1984 and headquartered in Boston, Massachusetts, The Boston Beer Company, Inc. produces and distributes alcoholic beverages primarily in the United States. Its brand portfolio features flagship beer Samuel Adams Boston Lager, Twisted Tea, Truly Hard Seltzer, Angry Orchard, and Dogfish Head, as well as Angel City, Coney Island, and Concrete Beach. Boston Beer sells products through approximately 400 wholesalers to retailers such as grocery stores, club stores, convenience stores, restaurants, and stadiums. The company also exports products internationally to regions including Canada, Europe, Australia, and Latin America.

From FY2021 to FY2025, Boston Beer expanded revenue from $2.06B to $2.09B, reflecting a 5-year revenue CAGR of 3.7%. Profitability improved over this period, with gross margin rising from 38.8% in FY2021 to 45.6% in FY2025, while net income increased from $14.6M to $108.5M. In FY2025, operating margin reached 6.9% and diluted EPS was $9.74. However, performance slowed in the latest quarter ending June 30, 2026, as quarterly revenue fell 3.3% year-over-year and quarterly earnings declined 9.0%. Trailing twelve month results show revenue of $1.93B and an EPS of -$6.67, reflecting a profit margin of -3.6%.

As of June 30, 2026, Boston Beer held $265.5M in cash and short-term investments against total debt of $31.6M, resulting in net cash of $234.0M. The company maintains conservative leverage with a debt-to-equity ratio of 0.04 and a current ratio of 1.05. In FY2025, operating cash flow stood at $270.2M and free cash flow reached $215.6M. Capital allocation in FY2025 prioritized capital expenditures of $54.6M and share buybacks of $204.9M, supporting a 5-year share count reduction of 16.4%.

Boston Beer trades at a forward P/E of 16.4x, above the 14.3x median of its US-listed Consumer Defensive peers. Its price-to-sales ratio of 1.0x also trades at a premium to the peer median of 0.7x, though its EV-to-EBITDA multiple of 7.8x sits below the peer median of 11.7x. The company has an enterprise value of $1.49B and a market cap of $1.88B. Over the past year, SAM stock fell 19.9%, trailing the S&P 500 (SPY) return of 16.8%. Over a 5-year span, the shares dropped 64.6% compared to an 83.0% gain for SPY.

Wall Street sentiment is predominantly neutral, with 11 Hold ratings, 1 Strong Buy, and 1 Strong Sell among analysts. The mean price target is $194.31, representing a 7.5% upside from the last close of $180.82. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $1.92B and EPS of $8.93, a decline of 9.7%. Boston Beer exceeded EPS estimates in 1 of the last 4 quarters. The next earnings date is scheduled for October 22, 2026.

This page is an AI-written research summary of The Boston Beer Company, Inc. (SAM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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