# Boston Beer share price today (The Boston Beer Company, Inc., SAM)

> The Boston Beer Company, Inc.'s P/E is near the low end of its own history, higher than only 4% of past readings, and its quarterly results are still getting worse. SAM · Consumer Staples · Beverages - Brewers · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/sam

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: $215.46 (+4.1% in a year)
- P/E: 18.8× (lower than 96% of the last 3.8 years)
- Revenue (Sep 2026): $520 M (−3.2% on a year ago)
- Profit (Sep 2026): $43.0 M (−6.5% on a year ago)
- Operating margin: 11.8% (flat on a year ago)
- ROE: 13%, FY25
- ROIC: 22.9%, against a 8.6% cost of capital: +14.3 points

The main question: yearly earnings per share moved +95.4% while the share price moved +4.1%. ## What is the Boston Beer share price today? The Boston Beer Company, Inc.'s share price was $215.46 at the close on 3 November 2026. It has been stalling near its high for 3 weeks. That is 8.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between $164 and $257, and at that close it sat 55% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 3 weeks in a row. Over the last 10 years the share price moved +26% while the S&P 500 moved +255%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Boston Beer pay? The Boston Beer Company, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Boston Beer on? Boston Beer is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Boston Beer profitable? The Boston Beer Company, Inc. earned $43.0 M of net profit in the Sep 2026 quarter, −6.5% on the same quarter a year earlier. Full-year FY25 profit was $108 M. Over 4 years profit has grown 65.3% a year on average. That is 8.3% of the quarter's revenue. The same quarter a year earlier earned $46.0 M. 4 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $108 M (+81.6% on the year before). Why profit moved: revenue changed −3.2% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −239.3% and revenue −3.8%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Boston Beer make, and is it growing? The Boston Beer Company, Inc. reported $520 M of revenue in the Sep 2026 quarter, −3.2% on the same quarter a year earlier. Over 4 years it has grown −1.1% a year on average. The last full year, FY25, came in at $2.0 B. The last four reported quarters add to $1.9 B. FY25 revenue was $2.0 B, −2.4% on the year before. Recent pace: the last four quarters grew −3.8% on average, against −1.1% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −3.7%, against −2.4% a year over the last 8 quarters (stabilising). ## How much of every $100 of sales does Boston Beer keep? The Boston Beer Company, Inc.'s operating margin was 11.8% in the Sep 2026 quarter, about the same as the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 2.8% and 7.7%. The latest quarter is above every full year in that period. In the latest quarter it moved +0.0 percentage points on the same quarter a year ago. Across 5 years it has been between 2.8% and 7.7%, and FY25's 7.7% is the highest of them. Why the margin moved: operating margin changed +0.0 percentage points on the year while gross margin changed +0.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is Boston Beer's profit turning into cash? Over the last 3 years, 322% of The Boston Beer Company, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $270 M of operating cash against $108 M of profit. After $54.6 M of spending on assets, $216 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Boston Beer's cash go? The Boston Beer Company, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $195 M on assets over the last 3 years. Averaged over those years that is 3.3% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $195 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Boston Beer's P/E ratio, and how does it compare with its own history? The Boston Beer Company, Inc.'s P/E is 18.8×, near the low end of its own history: it has been lower only 4% of the time. Its usual P/E (the middle reading) is 43.9×, over 3.8 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +95.4% while the price moved +4.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved −13.9% a year; about +22.7% a year came from earnings growth and about −36.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Boston Beer business getting better or worse? The Boston Beer Company, Inc.'s business is turning around. EPS growth has swung from −196.1% at its low to −180.9%, rising from a low 1 quarters ago, with ROCE steady at 15.5%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does Boston Beer earn on its capital? The Boston Beer Company, Inc. earned a ROE of 13% in FY25. That is up from a low of 2% in FY21. Its return on capital used (ROIC) is 14.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 5.5% net margin and 1.65× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 5.5% net margin × 1.65× asset turnover × 1.41× leverage (assets divided by equity) ≈ 12.8% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 22.9% − 8.6% = +14.3 percentage points. The 8.6% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 22.9% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 15.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Boston Beer have too much debt? The Boston Beer Company, Inc. has total debt of $29.5 M against shareholder equity of $736 M as of Sep 2026, so its debt is 0.04× its equity, which is very little. Year by year, that ratio went from 0.07 in FY21 to 0.05 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Boston Beer shareholding pattern? 25.1% of The Boston Beer Company, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 6.8 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Boston Beer from balance-sheet trouble? For The Boston Beer Company, Inc., the Z-score is 4.40. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 4.40 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Boston Beer rank in its industry? 43.4 out of 100, rank 3 of 4 in Beverages - Brewers, with 72% of the evidence available. The Boston Beer Company, Inc. scores 43.4 out of 100 against the 4 companies it is compared with in Beverages - Brewers, ranking 3. Relative strength against the index is 1.9%, and revenue and profit growth are weak. The four parts add up to the total exactly: 5 + 10 + 10 + 18.4 = 43.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Boston Beer compared with? Boston Beer ranks 3 of 4 Beverages - Brewers companies on the 4-Factor Sector Score, with 43.4 out of 100. 1. [Anheuser-Busch InBev SA/NV](https://www.sectoralpha.in/us/stocks/bud) BUD · quiet · Evidence leans up · 78% evidence 59.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Revenue 7% · Profit 25.4% · Operating margin change 0.7 points · 83% evidence Capital efficiency 11.4/25 · ROCE 9% · Operating margin 27.3% · 76% evidence Valuation 15.0/20 · P/E 17.4× · PEG 0.54 · 50% evidence Relative strength 12.8/20 · Lead over its industry 6.3% · Lead over S&P 500 2.7% · 1 year 28.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.6 + 11.4 + 15 + 12.8 = 59.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Constellation Brands, Inc.](https://www.sectoralpha.in/us/stocks/stz) STZ · turning · Evidence leans up · 82% evidence 50.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.6/35 · Revenue -4.3% · Profit 57.4% · Operating margin change -3 points · 95% evidence Capital efficiency 15.8/25 · ROCE 15.8% · Operating margin 33.6% · 76% evidence Valuation 13.7/20 · P/E 11.6× · PEG 0.97 · 50% evidence Relative strength 7.4/20 · Lead over its industry -3.5% · Lead over S&P 500 -7.4% · 1 year 8.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 13.6 + 15.8 + 13.7 + 7.4 = 50.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 3. The Boston Beer Company, Inc. this page SAM · turning · Evidence leans down · 72% evidence 43.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.0/35 · Revenue -3.7% · Profit -180.2% · Operating margin change 0 points · 95% evidence Capital efficiency 10.0/25 · ROCE 13.7% · Operating margin 11.8% · 76% evidence Valuation 10.0/20 · P/E -22.5× · PEG n/a · 0% evidence Relative strength 18.4/20 · Lead over its industry 6.5% · Lead over S&P 500 1.9% · 1 year 7.7% · 100% evidence · 3 of 12 weeks ahead Exact sum: 5 + 10 + 10 + 18.4 = 43.4 · What this means: Relative strength against the index is 1.9%, and revenue and profit growth are weak. 4. Molson Coors Beverage Company TAP-A · turning · Too little evidence to rank firmly · 48% evidence 32.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.7/43.75 · Revenue -1.8% · Profit -320.2% · Operating margin change -7.2 points · 83% evidence Capital efficiency 9.5/31.25 · ROCE 7.8% · Operating margin 11.3% · 76% evidence Valuation 12.5/25 · P/E -3.2× · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 10.7 + 9.5 + 12.5 = 32.7 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Beverages - Brewers](https://www.sectoralpha.in/us/sectors/beverages-brewers), all 4 compared on one page. ## Which companies are close to Boston Beer in size? Boston Beer is the 6th largest of 7 Beverages - Brewers companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Anheuser-Busch InBev SA/NV, Ambev S.A., Fomento Económico Mexicano, S.A.B. de C.V., Constellation Brands, Inc. and Molson Coors Beverage Company. Just below it: Compañía Cervecerías Unidas S.A. ### Beverages - Brewers companies close in size

1. [Anheuser-Busch InBev SA/NV](https://www.sectoralpha.in/us/stocks/bud) $161.1 billion
2. [Ambev S.A.](https://www.sectoralpha.in/us/stocks/abev) $41.2 billion
3. [Fomento Económico Mexicano, S.A.B. de C.V.](https://www.sectoralpha.in/us/stocks/fmx) $38.5 billion
4. [Constellation Brands, Inc.](https://www.sectoralpha.in/us/stocks/stz) $23.4 billion
5. [Molson Coors Beverage Company](https://www.sectoralpha.in/us/stocks/tap) $7.8 billion
6. The Boston Beer Company, Inc. $2.1 billion
7. [Compañía Cervecerías Unidas S.A.](https://www.sectoralpha.in/us/stocks/ccu) $1.9 billion

[All 7 Beverages - Brewers companies, largest first](https://www.sectoralpha.in/us/sectors/beverages-brewers#all-companies)

### Companies close in size in other industries

1. [ManpowerGroup Inc.](https://www.sectoralpha.in/us/stocks/man) $2.2 billion · Staffing & Employment Services
2. [Harmony Biosciences Holdings, Inc.](https://www.sectoralpha.in/us/stocks/hrmy) $2.2 billion · Biotechnology
3. The Boston Beer Company, Inc. $2.2 billion
4. [Xencor, Inc.](https://www.sectoralpha.in/us/stocks/xncr) $2.2 billion · Biotechnology
5. [UFP Technologies, Inc.](https://www.sectoralpha.in/us/stocks/ufpt) $2.2 billion · Medical Devices

## What else do people ask about Boston Beer? ### What were Boston Beer's latest quarterly results? The Boston Beer Company, Inc. reported revenue of $520 M and net profit of $43.0 M for the Sep 2026 quarter. Revenue fell 3.2% and profit fell 6.5% compared with a year earlier. Earnings per share were $4.21 (as of 3 November 2026). ### What is Boston Beer's market cap? The Boston Beer Company, Inc.'s market capitalisation is $2.1 B at a stock price of $215.46. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Boston Beer performing? The Boston Beer Company, Inc.'s share price has been stalling near its high for 3 weeks. In its latest quarter, revenue fell 3.2% and profit fell 6.5% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 3 weeks running (as of 3 November 2026). ### Will Boston Beer's stock price go up? This page does not forecast The Boston Beer Company, Inc.'s stock price. What it shows instead: the stock price is $215.46, and it has been stalling near its high for 3 weeks. Its P/E of 18.8× is higher than 4% of its own last 4 years (as of 3 November 2026). ### Is Boston Beer's profit real cash? Yes, over the last 3 years, 322% of The Boston Beer Company, Inc.'s reported profit came in as cash from operations. The latest year was lower at 250%, so the trend is worth watching. In FY25, operating cash was $270 M against reported profit of $108 M. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is Boston Beer in its business cycle? The Boston Beer Company, Inc.'s FY25 operating margin was 7.7%, against a 5-year range of 2.8% to 7.7%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 11.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Boston Beer story? The main question: yearly earnings per share moved +95.4% while the share price moved +4.1%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Boston Beer a stock worth studying right now? What the numbers show: The Boston Beer Company, Inc.'s P/E is near the low end of its own history, higher than only 4% of past readings, and its quarterly results are still getting worse. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.