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Boston Beer Co Inc. (SAM) Fundamental Analysis & AI Grade 2026

SAM NYSE Malt Beverages MA CIK: 0000949870
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-28
Combined AI Grade
D
85% Confidence
N/A
D
85% Conf
Pending
Analysis scheduled

📊 SAM Key Takeaways

Revenue: $433.9M
Net Margin: -33.5%
Free Cash Flow: $-32.8M
Current Ratio: 0.93x
Debt/Equity: 0.00x
EPS: $-13.88
AI Grade: D with 85% confidence
Boston Beer Co Inc. (SAM) receives a D fundamental grade with 85% confidence from our AI analysis based on SEC 10-K filings. With revenue of $433.9M, net profit margin of -33.5%, and return on equity (ROE) of -21.3%, Boston Beer Co Inc. demonstrates mixed fundamentals in the Consumer sector. Below is our complete SAM stock analysis for 2026.

Is Boston Beer Co Inc. (SAM) a Good Investment?

Claude

Boston Beer is experiencing severe operational deterioration with $145.3M net loss, -43.9% operating margin, and negative free cash flow of -$32.8M despite 49.3% gross margins, indicating core business performance collapse rather than pricing issues. While the strong balance sheet with $164.1M cash and minimal debt provides survival runway, deteriorating liquidity (0.93x current ratio) and declining revenue (-5.9% YoY) signal a struggling business requiring urgent operational restructuring.

Boston Beer Co Inc. Key Strengths (SAM)

Claude
  • + Minimal debt burden with Debt/Equity of 0.00x and only $411K long-term debt provides financial flexibility
  • + Healthy gross margin of 49.3% demonstrates product pricing power and production efficiency
  • + Substantial cash reserves of $164.1M and $682.6M stockholders equity provide meaningful cushion for operational recovery attempts

SAM Stock Risks: Boston Beer Co Inc. Investment Risks

Claude
  • ! Severe operating losses of -$190.5M with -43.9% operating margin indicate fundamental business model breakdown
  • ! Negative operating cash flow (-$20.4M) and free cash flow (-$32.8M) reveal cash burn despite accounting profitability gaps
  • ! Liquidity stress with current ratio 0.93x and quick ratio 0.67x below safe thresholds for working capital needs
  • ! Declining revenue trend (-5.9% YoY) combined with collapsing margins suggests market share loss or demand contraction
  • ! Worsening net margin of -33.5% with negative ROE (-21.3%) and ROA (-12.4%) indicate value destruction

Key Metrics to Watch

Claude
  • * Operating margin trajectory - critical to monitor path from -43.9% toward breakeven
  • * Operating cash flow and free cash flow - must return to positive to validate business viability
  • * Revenue growth rate - need inflection from -5.9% decline to positive growth
  • * Current and quick ratios - must recover above 1.0x to ensure liquidity sustainability

Boston Beer Co Inc. (SAM) Financial Metrics & Key Ratios

Revenue
$433.9M
Net Income
$-145.3M
EPS (Diluted)
$-13.88
Free Cash Flow
$-32.8M
Total Assets
$1.2B
Cash Position
$164.1M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

SAM Profit Margin, ROE & Profitability Analysis

Gross Margin 49.3%
Operating Margin -43.9%
Net Margin -33.5%
ROE -21.3%
ROA -12.4%
FCF Margin -7.5%

SAM vs Consumer Sector: How Boston Beer Co Inc. Compares

How Boston Beer Co Inc. compares to Consumer sector averages

Net Margin
SAM -33.5%
vs
Sector Avg 8.0%
SAM Sector
ROE
SAM -21.3%
vs
Sector Avg 18.0%
SAM Sector
Current Ratio
SAM 0.9x
vs
Sector Avg 1.5x
SAM Sector
Debt/Equity
SAM 0.0x
vs
Sector Avg 0.8x
SAM Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Boston Beer Co Inc. Stock Overvalued? SAM Valuation Analysis 2026

Based on fundamental analysis, Boston Beer Co Inc. has mixed fundamental signals relative to the Consumer sector in 2026.

Return on Equity
-21.3%
Sector avg: 18%
Net Profit Margin
-33.5%
Sector avg: 8%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.8x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Boston Beer Co Inc. Balance Sheet: SAM Debt, Cash & Liquidity

Current Ratio
0.93x
Quick Ratio
0.67x
Debt/Equity
0.00x
Debt/Assets
41.7%
Interest Coverage
N/A
Long-term Debt
$411.0K

SAM Revenue & Earnings Growth: 5-Year Financial Trend

SAM 5-year financial data: Year 2021: Revenue $2.2B, Net Income $110.0M, EPS $9.16. Year 2022: Revenue $2.2B, Net Income $192.0M, EPS $15.53. Year 2023: Revenue $2.2B, Net Income $14.6M, EPS $1.17. Year 2024: Revenue $2.2B, Net Income $67.3M, EPS $5.44. Year 2025: Revenue $2.1B, Net Income $76.3M, EPS $6.21.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Boston Beer Co Inc.'s revenue has remained relatively flat over the 5-year period, with a 3% decline. The most recent EPS of $6.21 reflects profitable operations.

SAM Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-7.5%
Free cash flow / Revenue

SAM Quarterly Earnings & Performance

Quarterly financial performance data for Boston Beer Co Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $461.6M $24.4M $2.16
Q3 2025 $571.5M $12.6M $2.86
Q2 2025 $614.2M $12.6M $4.39
Q1 2025 $452.2M $12.6M $1.04
Q3 2024 $639.4M -$9.0M $2.86
Q2 2024 $614.2M -$9.0M $3.98
Q1 2024 $435.2M -$9.0M $-0.73
Q3 2023 $634.3M -$2.0M $2.21

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Boston Beer Co Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$20.4M
Cash generated from operations
Stock Buybacks
$23.3M
Shares repurchased (TTM)
Capital Expenditures
$12.3M
Investment in assets
Dividends
None
No dividend program

SAM SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Boston Beer Co Inc. (CIK: 0000949870)

📋 Recent SEC Filings

Date Form Document Action
May 28, 2026 4 xslF345X06/primarydocument.xml View →
May 28, 2026 4 xslF345X06/primarydocument.xml View →
May 28, 2026 4 xslF345X06/primarydocument.xml View →
May 28, 2026 4 xslF345X06/primarydocument.xml View →
May 28, 2026 4 xslF345X06/primarydocument.xml View →

Frequently Asked Questions about SAM

What is the AI rating for SAM?

Boston Beer Co Inc. (SAM) has an AI grade of D with 85% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SAM's key strengths?

Claude: Minimal debt burden with Debt/Equity of 0.00x and only $411K long-term debt provides financial flexibility. Healthy gross margin of 49.3% demonstrates product pricing power and production efficiency.

What are the risks of investing in SAM?

Claude: Severe operating losses of -$190.5M with -43.9% operating margin indicate fundamental business model breakdown. Negative operating cash flow (-$20.4M) and free cash flow (-$32.8M) reveal cash burn despite accounting profitability gaps.

What is SAM's revenue and growth?

Boston Beer Co Inc. reported revenue of $433.9M.

Does SAM pay dividends?

Boston Beer Co Inc. does not currently pay dividends.

Where can I find SAM SEC filings?

Official SEC filings for Boston Beer Co Inc. (CIK: 0000949870) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SAM's EPS?

Boston Beer Co Inc. has a diluted EPS of $-13.88.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is SAM's fundamental grade?

Based on our AI fundamental analysis in May 2026, Boston Beer Co Inc. has a D grade with 85% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is SAM stock overvalued or undervalued?

Valuation metrics for SAM: ROE of -21.3% (sector avg: 18%), net margin of -33.5% (sector avg: 8%). Compare these metrics with sector averages to assess valuation.

What is SAM's AI grade for 2026?

Our dual AI analysis gives Boston Beer Co Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is SAM's free cash flow?

Boston Beer Co Inc.'s operating cash flow is $-20.4M, with capital expenditures of $12.3M. FCF margin is -7.5%.

How does SAM compare to other Consumer stocks?

Vs Consumer sector averages: Net margin -33.5% (avg: 8%), ROE -21.3% (avg: 18%), current ratio 0.93 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-28 | Powered by Claude AI