Boston Beer Co Inc income statement

In fiscal 2025, Boston Beer Co Inc reported revenue of $1.96bn, down 2.4% on the year before, operating income of $145m (a 7.4% margin) and net income of $108m, or $9.89 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Boston Beer Co Inc: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	415	464	513	580	739	903	960	906	863	996	1,250	1,736	2,058	2,090	2,009	2,013	1,965	1,908
Cost of revenue	—	—	—	—	—	—	—	447	413	483	636	922	1,260	1,228	1,156	1,119	1,012	971
Gross profit	214	256	285	315	385	465	502	460	450	512	614	814	798	862	852	894	953	937
Selling and marketing	122	136	157	169	208	251	274	244	259	305	356	448	607	578	556	552	610	639
General and administrative	37	39	43	50	62	66	72	78	73	91	113	118	134	158	175	190	191	196
Operating income	54	81	104	96	113	147	156	138	116	116	145	244	8	91	100	76	145	−96
Income before tax	54	81	104	96	113	146	155	137	116	116	144	244	7	91	110	88	153	−88
Income tax	23	31	37	36	42	55	57	50	17	24	34	52	−8	24	33	28	45	−15
Net income	31	50	66	59	70	91	98	87	99	93	110	192	15	67	76	60	108	−73
Diluted EPS	$2.17	$3.52	$4.81	$4.39	$5.18	$6.69	$7.25	$6.79	$8.09	$7.82	$9.16	$15.53	$1.17	$5.44	$6.21	$5.06	$9.89	−$7.02
Diluted shares (average)	14m	14m	14m	13m	14m	13m	14m	13m	12m	12m	12m	12m	12m	12m	12m	12m	11m	10m
EBITDA	71	99	122	116	139	182	199	187	167	168	201	310	80	172	188	170	235	−10

US$ millions unless shown otherwise. Fiscal quarters.

Boston Beer Co Inc: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	402	454	588	537	386	434	568	520
Cost of revenue	242	235	295	264	218	220	282	251
Gross profit	161	219	293	273	168	214	286	269
Selling and marketing	140	138	160	165	148	140	186	165
General and administrative	48	48	46	45	52	52	49	43
Operating income	−56	34	82	62	−33	−190	71	56
Income before tax	−54	36	84	64	−31	−189	72	59
Income tax	−15	11	24	18	−8	−44	21	16
Net income	−39	24	60	46	−23	−145	52	43
Diluted EPS	−$3.21	$2.16	$5.45	$4.25	−$1.93	−$13.88	$4.96	$4.21
EBITDA	−33	57	104	85	−10	−169	92	77

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: SAM vs WEST CELH vs SAM FIZZ vs SAM

More: Beverages stocks compared, Consumer Staples sector, rankings of US companies

Figures from Boston Beer Co Inc's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Boston Beer Co Inc.