What is the primary revenue source for Boston Beer Company (SAM)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze SAM's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Boston Beer Company's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Boston Beer Company Makes Money: SAM Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Neutral

Revenue and operating profit showed little change or moved in different directions year over year, with no clear trend.

Operating margin improved by 0.82 percentage points year over year.

Revenue: USD 1.00B
Cost of revenue: USD 501.94M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Operating marginNet effect of covid-19 on revenue, cost of goods sold and operating expense · operating_income / revenue * 100
RevenueNet revenue · Revenues
Cost of revenueCost of goods sold · CostOfGoodsAndServicesSold

The filing lacks sufficient revenue breakdown data to identify specific revenue sources.

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Property, plant and equipment: USD 554.91M
Cash and cash equivalents: USD 265.55M
Inventory: USD 118.12M
Total liabilities: USD 540.52M
Shareholder equity: USD 714.57M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Property, plant and equipmentProperty, plant, and equipment, net · PropertyPlantAndEquipmentNet
Shareholder equityTotal stockholders' equity · StockholdersEquity
Total liabilitiesTotal liabilities · Liabilities
InventoryInventories, net · InventoryNet
Cash and cash equivalentsCash and cash equivalents · CashAndCashEquivalentsAtCarryingValue

Cash

Did accounting profit ultimately turn into cash?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Free cash flow remains positive after capital expenditure.

Operating cash flow: USD 117.58M
Free cash flow: USD 94.71M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Free cash flowcfo - capex
Operating cash flowsum(waterfull.operating)

Some conclusions lack complete source metrics and should be interpreted cautiously.

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Share repurchases: USD 49.96M
Stock issuance proceeds: USD 1.16M
Net shareholder return: USD 48.80M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)
Stock issuance proceedsProceeds from exercise of stock options and sale of investment shares · ProceedsFromStockOptionsExercised · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

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Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?