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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.
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Boston Beer Company is a U.S. alcoholic beverage maker best known for Samuel Adams beer and a portfolio that includes hard seltzers, ciders and ready-to-drink drinks. Long-term growth may be supported by brand strength, product innovation and national distribution that could help the company expand across beverage categories.
Principal risks are intense competition from large brewers and craft peers, exposure to commodity and packaging cost volatility, reliance on a few core brands and changes in regulation or excise taxes that could pressure volumes and margins.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 153.46M | 87.60M | 109.59M | 91.44M | 6.91M |
| Net income | 108.47M | 59.70M | 76.25M | 67.26M | 14.55M |
| Selling general administrative | 190.79M | 189.91M | 174.55M | 157.53M | 133.62M |
| Selling and marketing expenses | 609.95M | 552.03M | 556.00M | 578.40M | 606.99M |
| Gross profit | 952.58M | 893.73M | 852.37M | 861.99M | 797.79M |
| Reconciled depreciation | 90.44M | 93.99M | 87.19M | 81.36M | 72.10M |
| Ebit | 153.46M | 151.79M | 121.82M | 161.31M | 106.35M |
| Ebitda | 243.90M | 245.78M | 209.96M | 242.67M | 178.45M |
| Depreciation and amortization | 90.44M | 93.99M | 88.14M | 81.36M | 72.10M |
| Non operating income net other | - | - | - | -1.92M | -0.98M |
| Operating income | 144.88M | 75.97M | 100.00M | 161.31M | 106.35M |
| Other operating expenses | 1942.37M | 1936.95M | 1908.62M | 1964.28M | 2000.45M |
| Interest expense | - | - | 10.99M | 2.56M | 99.44M |
| Tax provision | 44.99M | 27.91M | 33.43M | 24.17M | -7.64M |
| Interest income | 9.94M | 13.25M | 10.99M | 2.56M | 0.11M |
| Net interest income | 9.94M | 13.25M | 8.73M | 2.56M | -0.11M |
| Non recurring | - | - | - | 27.10M | 18.50M |
| Income tax expense | 44.99M | 27.91M | 33.34M | 24.17M | -7.64M |
| Total revenue | 2087.25M | 2012.93M | 2008.62M | 2090.33M | 2057.62M |
| Total operating expenses | 807.70M | 817.76M | 752.37M | 735.93M | 740.62M |
| Cost of revenue | 1134.67M | 1119.19M | 1156.26M | 1228.35M | 1259.83M |
| Total other income expense net | 8.58M | 11.63M | 9.59M | -69.88M | -99.44M |
| Net income from continuing ops | 108.47M | 59.70M | 82.96M | 67.26M | 14.55M |
| Net income applicable to common shares | 108.47M | 59.70M | 76.25M | 67.26M | 14.55M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 1193.60M | 1250.02M | 1429.99M | 1420.77M | 1391.58M |
| Intangible assets | 14.75M | 16.45M | 59.64M | 76.32M | 103.68M |
| Other current assets | 20.32M | 20.21M | 20.54M | 27.46M | 21.46M |
| Total liab | 347.31M | 333.83M | 352.06M | 352.22M | 408.17M |
| Total stockholder equity | 846.28M | 916.19M | 1077.93M | 1068.55M | 983.41M |
| Deferred long term liab | - | - | - | 96.59M | 87.50M |
| Other current liab | 131.46M | 117.97M | 111.28M | 104.31M | 158.29M |
| Common stock | 0.10M | 0.11M | 0.12M | 0.12M | 0.12M |
| Capital stock | 0.10M | 0.11M | 0.12M | 0.12M | 0.12M |
| Retained earnings | 147.74M | 240.31M | 421.57M | 439.12M | 371.86M |
| Other liab | - | - | - | 102.16M | 94.42M |
| Good will | 112.53M | 112.53M | 112.53M | 112.53M | 112.53M |
| Other assets | 29.16M | 42.94M | 76.24M | 96.97M | 107.65M |
| Cash | 223.38M | 211.82M | 298.49M | 180.56M | 26.85M |
| Cash and equivalents | 223.38M | 211.82M | 298.49M | 180.56M | 26.85M |
| Total current liabilities | 252.53M | 231.63M | 223.29M | 204.27M | 259.90M |
| Current deferred revenue | 13.34M | 11.30M | 8.89M | 6.84M | 8.05M |
| Net debt | -185.50M | -173.04M | -253.22M | -126.42M | 34.63M |
| Short term debt | 12.76M | 7.64M | 9.11M | 8.87M | 7.63M |
| Short long term debt total | 37.87M | 38.78M | 45.27M | 54.14M | 61.48M |
| Other stockholder equity | 698.81M | 676.45M | 656.30M | 629.51M | 611.62M |
| Property plant equipment | 608.35M | 644.08M | 678.07M | 711.68M | 717.59M |
| Total current assets | 417.58M | 417.29M | 503.51M | 423.27M | 350.13M |
| Net tangible assets | - | - | - | 879.70M | 767.20M |
| Net receivables | 81.35M | 68.10M | 68.71M | 66.80M | 108.44M |
| Inventory | 92.53M | 117.16M | 115.77M | 148.45M | 153.91M |
| Accounts payable | 94.97M | 87.28M | 87.25M | 84.25M | 85.92M |
| Accumulated other comprehensive income | -0.38M | -0.70M | -0.06M | -0.21M | -0.19M |
| Common stock total equity | - | - | - | 0.12M | 0.12M |
| Retained earnings total equity | - | - | - | 439.12M | 371.86M |
| Non currrent assets other | 40.38M | 42.94M | 76.24M | 0.38M | 107.65M |
| Non current assets total | 776.02M | 832.73M | 926.48M | 997.50M | 1041.44M |
| Capital lease obligations | 37.87M | 35.94M | 45.27M | 54.14M | 61.48M |
| Long term debt total | 0.01M | 0.94M | 1.45M | 0.52M | 1.46M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -96.25M | -62.38M | -88.51M | -146.62M |
| Change to liabilities | - | - | - | -52.85M | -27.36M |
| Total cashflows from investing activities | -54.52M | -96.25M | -62.38M | -88.51M | -146.62M |
| Net borrowings | -1.73M | -1.89M | -1.57M | -1.67M | -1.57M |
| Total cash from financing activities | -204.08M | -239.31M | -84.84M | 2.80M | -6.64M |
| Change to operating activities | - | - | - | -5.57M | -39.55M |
| Net income | 108.47M | 59.70M | 76.25M | 67.26M | 14.55M |
| Change in cash | 11.56M | -86.67M | 117.93M | 114.24M | -96.96M |
| Begin period cash flow | 211.82M | 298.49M | 180.56M | 66.32M | 163.28M |
| End period cash flow | 223.38M | 211.82M | 298.49M | 180.56M | 66.32M |
| Total cash from operating activities | 270.16M | 248.89M | 265.15M | 199.94M | 56.30M |
| Depreciation | 93.99M | 93.99M | 88.14M | 81.36M | 72.10M |
| Other cashflows from investing activities | -2.47M | -19.98M | 1.71M | 2.08M | 0.14M |
| Change to inventory | 23.41M | 6.91M | 31.50M | 0.13M | -26.02M |
| Change to account receivables | 4.35M | 5.55M | -10.34M | -2.04M | 23.07M |
| Sale purchase of stock | -204.87M | -238.61M | -92.88M | 7.95M | 10.46M |
| Other cashflows from financing activities | 2.51M | 1.19M | 9.61M | 26.53M | -5.07M |
| Change to netincome | - | - | - | 50.27M | 39.51M |
| Capital expenditures | 54.56M | 76.28M | 64.09M | 90.58M | 147.92M |
| Change receivables | - | - | - | -2.04M | 23.07M |
| Cash flows other operating | - | - | - | 55.81M | -71.62M |
| Cash and cash equivalents changes | - | - | - | 114.24M | -96.96M |
| Change in working capital | 47.02M | 38.92M | 64.94M | -9.70M | -69.86M |
| Stock based compensation | 21.75M | 18.95M | 16.97M | 13.99M | 18.61M |
| Other non cash items | -0.06M | 57.25M | 29.72M | 37.94M | 26.12M |
| Free cash flow | 215.59M | 172.62M | 201.06M | 109.36M | -91.62M |
Sector: Consumer Defensive Industry: Beverages - Brewers
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| SAM Boston Beer Company Inc |
2.74 1.25% |
221.90 | - | 16.81 | 0.93 | 2.47 | 0.79 | 7.96 |
| BUD Anheuser Busch Inbev NV ADR |
0.90 1.06% |
84.97 | 21.47 | 17.61 | 2.39 | 1.67 | 3.49 | 9.94 |
| BUDFF Anheuser-Busch InBev SA/NV |
- -% |
83.90 | 21.54 | 17.39 | 2.39 | 1.65 | 3.49 | 9.94 |
| HINKF Heineken N.V |
- -% |
93.15 | 20.24 | 16.16 | 1.92 | 2.69 | 2.58 | 12.55 |
| ABEV Ambev SA ADR |
-0.02 0.71% |
2.78 | 15.10 | 13.33 | 0.53 | 2.70 | 2.60 | 7.74 |
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.
One Design Center Place, Boston, MA, United States, 02210
617 368 5000
2736
| Name | Title | Year Born |
|---|---|---|
| Mr. C. James Koch | Founder & Chairman | 1950 |
| Mr. David A. Burwick | Pres, CEO & Director | 1962 |
| Mr. Samuel A. Calagione III | Founder, Brewer of Dogfish Head & Director | 1970 |
| Mr. Frank H. Smalla | CFO & Treasurer | 1966 |
| Mr. John C. Geist | Chief Sales Officer | 1960 |
| Ms. Lesya Lysyj | Chief Marketing Officer | 1963 |
| Mr. Matthew Donal Murphy | Chief Accounting Officer | 1969 |
| Ms. Tara L. Heath | Chief Legal Officer & Gen. Counsel | 1975 |
| Ms. Carolyn L. O'Boyle | Chief People Officer | 1979 |
| Mr. Paul Weaver | Director & Head of Cannabis | NA |
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