Stocks · Consumer Defensive · Beverages - Alcoholic
The Boston Beer Company, Inc. SAM
$167.50 +0.97% Close, Oct 2, 2026 · NYSE · Market cap $1.74B
High quality
Next earnings report: Oct 22, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $-6.79, down 195.6% year over year.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
- The diluted share count fell 6.4% in a year, mainly through buybacks.
PromtFinance scores
Each score is a percentile within the Consumer Defensive sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 40%
- EPS growth (TTM, YoY)Bottom 9%
- FCF growth (TTM, YoY)Bottom 38%
- Revenue growth, 3-year CAGRBottom 32%
- Revenue growth accelerationTop 42%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 17%
- Gross marginTop 31%
- Operating marginBottom 49%
- Accruals (lower is better)Top 3%
- Net debt / EBITDA (lower is better)Top 1%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 22%
- Free-cash-flow yieldTop 17%
- EBITDA / enterprise valueBottom 14%
- Sales / enterprise valueTop 26%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 29%
- 6-month returnBottom 10%
- 1-year return vs S&P 500Bottom 34%
- Distance from 52-week highBottom 33%
- Trend checklist (0–4)Bottom 22%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 18%
- Consecutive EPS beatsBottom 15%
- Share of analysts rating BuyBottom 10%
- Upside to consensus price targetBottom 48%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 43%
- Maximum drawdown, 3 yearsBottom 40%
- Beta vs S&P 500 (lower is better)Top 28%
- Net debt / EBITDA (lower is better)Top 1%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 1.3% | 1.8% | ↑ |
| EPS growth (YoY) | -204.1% | -195.6% | ↑ |
| Gross margin | 46.5% | 45.1% | ↓ |
| Operating margin | 5.2% | 5.8% | ↑ |
| FCF margin | 10.8% | 9.9% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 1.8% | 1.3% | ↑ | Bottom 40% |
| EPS growth (TTM, YoY) | -195.6% | -204.1% | ↑ | Bottom 9% |
| Gross margin | 45.1% | 46.5% | ↓ | Top 31% |
| Operating margin | 5.8% | 5.2% | ↑ | Bottom 49% |
| Net margin | -3.4% | 3.9% | ↓ | — |
| Free-cash-flow margin | 9.9% | 10.8% | ↓ | — |
| Return on invested capital | 13.3% | — | Top 17% | |
| Revenue growth, 3-year CAGR | -0.0% | — | Bottom 32% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -26.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +6.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -28.67×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 8.74%
- Shareholder yield
- 8.74%
- Share count change, 1 year
- -6.4%
- Share count change, 3-year CAGR
- -5.5%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 27, 2026 (filed Jul 23, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- -4.8%
- Average 2-day reaction, last 8
- -0.2%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $206.67
- Target vs current price
- +23.4%
- Analysts with a rating
- 32
- Share rating Buy or Strong Buy
- 19%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 23, 2026 | -24.4% | +0.3% | +7.6% | +7.5% | — |
| Apr 30, 2026 | -16.3% | +0.2% | -12.7% | -23.7% | -22.4% |
| Feb 24, 2026 | +9.0% | +1.5% | -0.4% | -1.1% | -20.2% |
| Oct 23, 2025 | +12.4% | +0.4% | -2.6% | -11.7% | -0.4% |
| Jul 24, 2025 | +24.7% | -2.9% | +1.9% | +5.1% | +8.6% |
| Apr 24, 2025 | +176.9% | -1.2% | +0.2% | -2.7% | -20.9% |
| Feb 25, 2025 | -38.8% | +0.2% | +6.1% | +1.4% | +4.0% |
| Oct 24, 2024 | +7.9% | +0.1% | -0.7% | +2.5% | -17.0% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 23, 2026 | $3.65 | $4.83 | -24.4% | $568.3M |
| Apr 30, 2026 | $1.64 | $1.96 | -16.3% | $433.9M |
| Feb 24, 2026 | -$2.12 | -$2.33 | +9.0% | $385.7M |
| Oct 23, 2025 | $4.25 | $3.78 | +12.4% | $537.5M |
| Jul 24, 2025 | $5.45 | $4.37 | +24.7% | $625.4M |
| Apr 24, 2025 | $2.16 | $0.78 | +176.9% | $453.9M |
| Feb 25, 2025 | -$1.68 | -$1.21 | -38.8% | $429.2M |
| Oct 24, 2024 | $5.35 | $4.96 | +7.9% | $605.5M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (forward) | 18.7× | — | — | — |
| EV / EBITDA | 185.0× | — | — | Bottom 14% |
| EV / Sales | 0.72× | — | — | Top 26% |
| Free-cash-flow yield | 11.81% | — | — | Top 17% |
| Earnings yield | -4.05% | — | — | Bottom 22% |
P/E over the past five years
Range 23.4× – 357.7× since Jun 26, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -24.4%
- Earnings per share growth (TTM)
- -195.6%
- Change in P/E multiple
- -50.8%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -2.2%
- 200-day average slope (20 days)
- -1.4%
- Distance from 50-day average
- -5.4%
- Distance from 200-day average
- -16.6%
- RSI (14)
- 44.7
- Relative volume
- 0.49×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 33.6%
- Volatility vs own 5-year history
- 32th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.22
- Correlation with S&P 500
- 0.10
- Current drawdown from 1-year high
- -35.6%
- Maximum drawdown, 3 years
- -59.1%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 20, 2021 | Jun 4, 2026 | -87.7% | 1287 days | Not yet recovered |
| Oct 23, 2020 | Nov 24, 2020 | -18.0% | 22 days | 49 days (Feb 5, 2021) |
| Feb 17, 2021 | Mar 3, 2021 | -15.7% | 10 days | 23 days (Apr 6, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $1.74B
- EPS, diluted (TTM)
- -$6.79
- Revenue (TTM)
- $2.09B
- 52-week range
- $158.68 – $264.46
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $2.06B | $2.09B | $2.01B | $2.01B | $2.09B |
| Gross profit | $797.8M | $862.0M | $852.4M | $893.7M | $952.6M |
| Operating income | $8.0M | $90.8M | $100.0M | $76.0M | $144.9M |
| Net income | $14.6M | $67.3M | $76.3M | $59.7M | $108.5M |
| EPS (diluted) | $1.17 | $5.44 | $6.22 | $5.06 | $9.89 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $605.5M | $402.3M | $453.9M | $587.9M | $537.5M | $507.9M | $433.9M | $607.8M |
| Net income | $33.5M | -$38.8M | $24.4M | $60.4M | $46.2M | -$22.5M | -$145.3M | $51.6M |
| EPS (diluted) | $2.87 | -$3.38 | $2.16 | $5.45 | $4.25 | -$2.12 | -$13.88 | $4.96 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $56.3M | $199.9M | $265.2M | $248.9M | $270.2M |
| Capital expenditure | -$147.9M | -$90.6M | -$64.1M | -$76.3M | -$54.6M |
| Free cash flow | -$91.6M | $109.4M | $201.1M | $172.6M | $215.6M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $10.5M | $7.9M | -$92.9M | -$238.6M | -$204.9M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $265.5M
- Total assets
- $1.26B
- Total liabilities
- $540.5M
- Total debt
- $31.6M
- Net debt
- -$234.0M
- Shareholders’ equity
- $714.6M
As of Jun 27, 2026 (filed Jul 23, 2026).
Short interest
- Shares sold short
- 1,581,690
- Days to cover
- 7.15
- Change vs previous report
- +11.2%
FINRA short interest, settlement date Sep 15, 2026.