Boston Beer Company (SAM) earnings

Results to: Sep 2026
Latest analysed call: Sep 2026 (Q3 FY26)
Balance sheet to: Dec 2025

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Boston Beer Company earnings: last reported Thu, 22 Oct 2026, for the quarter ended Sep 2026.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	520 $ million	−3.2% YoY	Quarterly, as filed	Quarter to Sep 2026	Revenue from operations as filed.
Operating margin	10.8 %	−0.7 pts YoY	Operating profit / revenue	Quarter to Sep 2026	For the quarter; a change is in percentage points.
Net profit	43.2 $ million	−6.5% YoY	Quarterly, as filed	Quarter to Sep 2026	Profit after tax as filed.

Source: Inve data from filed results (SEC filings) · to Sep 2026

Price

$202.28 +3.35% · +$6.56

Last close Oct 23, 2026 · US · USD · Source: Inve

Performance −7.5% 1Y

1Y: $218.67 on 22 Oct 2025 → $202.28. High $260.05 (9 Apr 2026), low $161.08 (4 Jun 2026).

Previous close: $195.72
52-week range: $161.08 – $260.05
One year: −7.90%

Overview

Symbol: SAM
Sector: Consumer Staples
Exchange: US
Currency: USD

Financials

What the filings say

Net profit, year on year: −6% (quarter to sep 2026 against sep 2025).

In $ million. Oldest period first.

Line item	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	402	454	588	537	386	434	568	520
Operating profit	-56	34	82	62	-33	-190	71	56
Operating margin	−13.9%	7.4%	14.0%	11.5%	−8.6%	−43.9%	12.4%	10.8%
Other income	2	2	2	2	2	2	2	3
Profit before tax	-54	36	84	64	-31	-189	72	59
Tax rate	27.7%	31.9%	28.1%	28.1%	26.3%	23.1%	28.7%	26.7%
Net profit	-39	24	60	46	-23	-145	52	43
EPS ($ per share)	—	2.16	5.45	4.25	—	-13.88	4.96	4.21

Source: Inve data · income statement, quarterly · to Sept 2026

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Reserves	56	165	357	372	439	422	240	148
Total liabilities	180	318	422	403	352	352	334	347
Fixed assets	390	541	623	665	668	643	616	578
Total assets	640	1,054	1,379	1,387	1,421	1,430	1,250	1,194

Source: Inve data · balance sheet · to Dec 2025

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from operations	163	178	253	56	200	265	249	270
Cash from investing	-55	-259	-139	-147	-89	-62	-96	-55
Cash from financing	-65	9	12	-7	3	-85	-239	-204
Net cash flow	43	-72	127	-97	114	118	-87	12
Capital expenditure	-55	-93	-140	-148	-91	-64	-76	-55
Free cash flow	108	85	113	-92	109	201	173	216

Source: Inve data · cash flow · to Dec 2025

Insider filings

26 filings between Oct 28, 2025 and May 27, 2026.

Open market

decisions to buy or sell

Purchases

None

No insider bought shares.

Sales

$642.0K

2 sales by 1 insider

Compensation

not trading decisions

14: Award — granted as compensation
1: Option exercise — converted options into shares
9: Tax withheld — shares kept back by the company to cover tax

Who traded

open market only

Insider	Bought	Sold	Last filing
Spillane Michael	—	$642.0K	Nov 4, 2025

Latest filings (50)

Date	Insider	What	Shares	Value
May 27, 2026	Swanson Cynthia Director	Award	358	$0
May 27, 2026	Fisher Cynthia A Director	Award	358	$0
May 27, 2026	Nemeth Julio N Director	Award	358	$0
May 27, 2026	Stone Christopher Isaac Director	Award	358	$0
May 27, 2026	Joyce Meghan V. Director	Award	358	$0
May 27, 2026	JORDAN JOSEPH HUGH Director	Award	358	$0
Apr 2, 2026	Fisher Cynthia A Director	Option exercise	1,560	$245.8K
Mar 20, 2026	Murphy Matthew Donal CAO & VP of Finance	Award	129	$17.6K
Mar 1, 2026	Murphy Matthew Donal CAO & VP of Finance	Tax withheld	193	$43.8K
Mar 1, 2026	Lysyj Lesya Chief Marketing Officer	Tax withheld	383	$86.9K
Mar 1, 2026	Murphy Matthew Donal CAO & VP of Finance	Award	1,764	$0
Mar 1, 2026	HEATH TARA L. Chief Legal Officer	Tax withheld	297	$67.4K
Mar 1, 2026	HEATH TARA L. Chief Legal Officer	Award	2,206	$0
Mar 1, 2026	Fritsch Annette N VP of Product Design and R&D	Tax withheld	270	$61.2K
Mar 1, 2026	Reynoso Diego CFO and Treasurer	Tax withheld	622	$141.1K
Mar 1, 2026	Reynoso Diego CFO and Treasurer	Award	5,734	$0
Mar 1, 2026	Hodges Philip A. Chief Operating Officer	Tax withheld	1,587	$359.9K
Mar 1, 2026	Crowley Michael R. Chief Sales Officer	Tax withheld	341	$77.3K
Mar 1, 2026	Crowley Michael R. Chief Sales Officer	Award	2,206	$0
Mar 1, 2026	Savastano Philip E. Chief Supply Chain Officer	Tax withheld	134	$30.4K
Mar 1, 2026	Savastano Philip E. Chief Supply Chain Officer	Award	1,544	$0
Mar 1, 2026	Boynton Laura J. Chief People Officer	Tax withheld	88	$20.0K
Mar 1, 2026	Boynton Laura J. Chief People Officer	Award	1,324	$0
Nov 4, 2025	Spillane Michael Director	Sale	1,152	$236.3K
Nov 4, 2025	Spillane Michael Director	Sale	1,968	$405.7K
Oct 28, 2025	Hodges Philip A. Chief Operating Officer	Award	13,186	$0
Aug 11, 2025	Hodges Philip A. Chief Supply Chain Officer	Award	13,796	$0
Aug 11, 2025	Reynoso Diego CFO and Treasurer	Award	5,518	$0
Aug 8, 2025	Fritsch Annette N VP of Product Design and R&D	Sale	464	$101.6K
Aug 8, 2025	Fritsch Annette N VP of Product Design and R&D	Sale	136	$29.9K
Mar 19, 2025	Murphy Matthew Donal CAO & VP of Finance	Award	120	$17.6K
Mar 19, 2025	O'Boyle Carolyn L. Chief People Officer	Award	120	$17.6K
Mar 13, 2025	VALETTE JEAN MICHEL Director	Sale	2,600	$593.3K
Mar 13, 2025	VALETTE JEAN MICHEL Director	Sale	900	$206.3K
Mar 1, 2025	O'Boyle Carolyn L. Chief People Officer	Tax withheld	303	$73.9K
Mar 1, 2025	O'Boyle Carolyn L. Chief People Officer	Award	6,565	$0
Mar 1, 2025	Crowley Michael R. Chief Sales Officer	Tax withheld	170	$41.4K
Mar 1, 2025	Crowley Michael R. Chief Sales Officer	Award	8,207	$0
Mar 1, 2025	Spillane Michael President and CEO	Award	4,103	$0
Mar 1, 2025	HEATH TARA L. Chief Legal Officer	Tax withheld	157	$38.3K
Mar 1, 2025	HEATH TARA L. Chief Legal Officer	Award	8,207	$0
Mar 1, 2025	Hodges Philip A. Chief Supply Chain Officer	Tax withheld	444	$108.2K
Mar 1, 2025	Hodges Philip A. Chief Supply Chain Officer	Award	4,103	$0
Mar 1, 2025	Lysyj Lesya Chief Marketing Officer	Award	6,565	$0
Mar 1, 2025	Lysyj Lesya Chief Marketing Officer	Tax withheld	309	$75.3K
Mar 1, 2025	Reynoso Diego CFO and Treasurer	Award	9,437	$0
Mar 1, 2025	Reynoso Diego CFO and Treasurer	Tax withheld	426	$103.8K
Mar 1, 2025	Murphy Matthew Donal CAO & VP of Finance	Award	1,437	$0
Mar 1, 2025	Fritsch Annette N VP of Product Design and R&D	Tax withheld	129	$31.4K
Mar 1, 2025	Fritsch Annette N VP of Product Design and R&D	Award	8,207	$0

Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.

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