Boston Beer Company, Inc. (The)
Description
The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names. The company markets and sells its products to a network wholesaler in the United States, as well as wholesalers, importers, or other agencies that in turn sell to retailers, such as grocery stores, club stores, convenience stores, liquor stores, bars, restaurants, stadiums, and other e-commerce retail outlets. It sells its products in Canada, Europe, Israel, Australia, New Zealand, the Caribbean, the Pacific Rim, Mexico, and Central and South America. The Boston Beer Company, Inc. was founded in 1984 and is based in Boston, Massachusetts.
About
CEO
Mr. Michael Spillane
Employees
2,793
Instrument type
Common Stock
Sector
Consumer Defensive
Industry
Beverages - Brewers
MIC code
XNYS
Address
One Design Center Place, Boston, MA 02210, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 22, 2025 | — | — | — | — |
| Jul 23, 2025 | — | — | — | — |
| Apr 24, 2025 | — | — | — | — |
| Feb 25, 2025 | -1.21 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 6 | — | 9 |
| Average estimate | — | 1.16 | — | 11.54 |
| Low estimate | — | 0.91 | — | 10.68 |
| High estimate | — | 1.30 | — | 12.75 |
| Last year EPS | — | 1.06 | — | 9.60 |
[stock_revenue_estimate]
Growth estimates
Current qtr
12.400%
Next qtr. (Mar 2025)
8.700%
Current year
33.950%
Next year (Dec 2025)
20.140%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 2.01B | 2.09B | 2.06B | 1.74B | 1.25B |
| Cost of revenue | 1.16B | 1.23B | 1.26B | 921.98M | 635.66M |
| Gross profit | 852.37M | 861.99M | 797.79M | 814.45M | 614.17M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 730.55M | 735.93M | 740.62M | 565.78M | 468.34M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 121.82M | 126.05M | 57.17M | 248.67M | 145.82M |
| Non operating interest income | |||||
| Income | — | — | — | — | 647,000 |
| Expense | — | — | — | — | — |
| Other income expense | -23.23M | -37.18M | -50.16M | -4.24M | -2.10M |
| Pretax income | 109.59M | 91.44M | 6.91M | 244.23M | 144.37M |
| Tax provision | 33.34M | 24.17M | -7.64M | 52.27M | 34.33M |
| Net income | 76.25M | 67.26M | 14.55M | 191.96M | 110.04M |
| Basic EPS | 6.23 | 5.46 | 1.19 | 15.73 | 9.26 |
| Diluted EPS | 6.21 | 5.44 | 1.17 | 15.53 | 9.16 |
| Basic average shares | 12.24M | 12.32M | 12.28M | 12.13M | 11.78M |
| Diluted average shares | 12.24M | 12.32M | 12.28M | 12.13M | 11.78M |
| EBITDA | 231.79M | 242.67M | 178.45M | 318.80M | 203.01M |
| Net income from continuing op. | 76.25M | 67.26M | 14.55M | 191.96M | 110.04M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 1.43B | 1.42B | 1.39B | 1.38B | 1.05B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 298.49M | 180.56M | 26.85M | 163.28M | 36.67M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 67.00M | 56.67M | 55.02M | 78.36M | 54.40M |
| Other receivables | — | — | — | — | — |
| Inventory | 115.77M | 148.45M | 149.12M | 130.91M | 106.04M |
| Prepaid assets | 15.88M | 23.68M | 19.98M | 23.44M | 6.61M |
| Restricted cash | — | — | 39.47M | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 4.66M | 3.78M | 1.48M | 6.79M | 5.47M |
| Non current assets | |||||
| Properties | 94.05M | 102.26M | 112.57M | 120.07M | 119.77M |
| Land and improvements | 25.75M | 25.78M | 25.67M | 25.75M | 25.76M |
| Machinery furniture equipment | 817.91M | 797.83M | 759.34M | 672.91M | 600.71M |
| Construction in progress | 66.70M | 41.32M | 35.62M | 84.56M | 59.03M |
| Leases | 74.60M | 75.26M | 70.42M | 43.16M | 48.53M |
| Accumulated depreciation | -648.33M | -568.33M | -493.59M | -439.21M | -389.28M |
| Goodwill | 284.70M | 301.38M | 328.74M | 328.99M | 329.33M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 59.64M | 76.32M | 103.68M | 103.93M | 104.27M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 42.66M | 35.64M | 19.35M | 10.78M | 23.78M |
| Total liabilities | 352.06M | 352.22M | 403.38M | 421.86M | 318.42M |
| Current liabilities | |||||
| Accounts payable | 87.25M | 84.25M | 85.92M | 121.65M | 76.37M |
| Accrued expenses | 61.83M | 65.64M | 85.22M | 54.95M | 53.41M |
| Short term debt | 9.11M | 8.87M | 7.63M | 8.23M | 5.17M |
| Deferred revenue | 8.90M | 6.84M | 8.05M | 13.52M | 6.98M |
| Tax payable | 6.76M | 7.23M | 7.34M | 10.13M | 3.32M |
| Pensions | 49.45M | 31.45M | 21.48M | 50.94M | 35.39M |
| Other current liabilities | — | — | 39.47M | — | — |
| Non current liabilities | |||||
| Long term debt | 36.16M | 45.27M | 53.85M | 59.17M | 53.94M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 85.72M | 96.59M | 87.50M | 92.67M | 75.01M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 6.89M | 6.09M | 6.93M | 10.60M | 8.82M |
| Shareholders equity | |||||
| Common stock | 121,000 | 123,000 | 123,000 | 122,000 | 121,000 |
| Retained earnings | 421.57M | 439.12M | 371.86M | 357.36M | 165.40M |
| Other shareholders equity | -57,000 | -210,000 | -194,000 | -252,000 | -1.67M |
| Total shareholders equity | 1.08B | 1.07B | 983.41M | 956.97M | 735.64M |
| Additional paid in capital | 656.30M | 629.52M | 611.62M | 599.74M | 571.78M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||
| Net Income | 76.25M | 67.26M | 14.55M | 191.96M | 110.04M | 92.66M | 99.05M | 87.35M | 98.41M | 90.74M | 70.39M | 59.47M | 66.06M | 50.14M | 31.12M | 8.09M | 22.49M | 18.19M | 15.56M | 12.50M | 10.56M | 8.55M | 7.83M | 11.24M | 11.10M | 7.90M | 7.60M | 8.40M | 12.60M |
| Depreciation | 88.14M | 81.36M | 72.10M | 65.66M | 56.27M | 51.97M | 51.26M | 49.56M | 42.89M | 35.14M | 25.90M | 20.21M | 18.79M | 17.43M | 16.92M | 12.50M | 6.65M | 4.99M | 4.52M | 5.03M | 7.11M | 6.15M | 6.66M | 6.44M | 5.90M | 5.20M | 4.50M | 3.00M | 1.60M |
| Deferred Taxes | -10.87M | 9.10M | -5.23M | 17.66M | 7.40M | 14.35M | -22.44M | 8.24M | 6.99M | 15.35M | 11.63M | 2.07M | -453,000 | 4.43M | 2.13M | 7.76M | -1.70M | -731,000 | 952,000 | -449,000 | 1.43M | -763,000 | 1.87M | 1.74M | 1.10M | -1.90M | 1.60M | -300,000 | — |
| Stock-Based Compensation | 16.97M | 13.99M | 18.62M | 15.28M | 12.34M | 10.04M | 6.32M | 6.15M | 6.67M | 6.86M | 7.32M | 6.53M | 6.18M | 3.12M | 4.11M | 4.15M | 3.06M | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 7.90M | 8.06M | 7.62M | 7.36M | 4.21M | — | — | — | — | — | — | — | — | — | — | 2.08M | 4.74M | 876,000 | — | — | — | — | — | — | -100,000 | 200,000 | — | -200,000 | -200,000 |
| Accounts Receivable | -10.34M | -2.04M | 23.07M | -24.01M | -12.26M | -1.64M | 2.95M | 2.53M | -2.29M | 5.16M | -10.54M | -8.31M | -3.16M | -2.15M | 177,000 | -142,000 | -236,000 | -8.60M | 3.55M | -2.54M | 7.51M | 1.33M | -6.63M | 3.84M | -3.90M | 4.20M | 300,000 | -1.90M | -6.00M |
| Accounts Payable | 2.76M | -2.22M | -27.36M | 40.77M | 21.42M | 6.35M | 245,000 | -1.81M | 5.99M | 884,000 | 3.17M | 8.00M | -617,000 | -5.83M | 5.05M | 2.50M | -234,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 16.89M | -20.42M | -35.15M | -69.04M | -39.10M | -19.85M | -3.78M | -12.16M | 12.31M | 9.13M | -11.31M | -10.95M | -8.88M | 986,000 | -3.70M | -380,000 | -2.12M | 6.00M | 961,000 | -264,000 | -4.47M | 1.99M | 4.34M | -758,000 | 300,000 | 1.40M | 1.40M | -3.20M | -5.20M |
| Operating Cash Flow | 187.71M | 155.09M | 68.22M | 245.62M | 160.32M | 153.88M | 133.59M | 139.86M | 170.96M | 163.26M | 96.56M | 77.02M | 77.92M | 68.13M | 55.80M | 36.55M | 32.65M | 20.73M | 25.54M | 14.27M | 22.14M | 17.25M | 14.08M | 22.51M | 14.40M | 17.00M | 15.40M | 5.80M | 2.80M |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditures | -62.38M | -88.51M | -146.76M | -139.51M | -93.07M | -55.43M | -32.96M | -46.06M | -74.19M | -151.78M | -100.64M | -65.97M | -19.60M | -13.59M | -16.99M | -59.53M | -25.60M | -9.01M | -13.84M | -4.56M | -1.70M | -2.12M | -3.23M | -5.04M | -3.60M | -5.20M | -15.30M | -11.40M | -4.30M |
| Net Intangibles | — | — | — | — | — | -50,000 | — | — | -100,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | -165.52M | — | — | — | -100,000 | -100,000 | -2.75M | -1.73M | — | — | — | -44.96M | -11.51M | — | — | — | — | — | — | -897,000 | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -30.26M | -3.78M | -45.49M | -10.00M | -38.05M | -46.50M | -11.50M | -2.30M | -5.50M | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 20.98M | 20.47M | 17.34M | 10.24M | 48.64M | 52.70M | 2.90M | 1.20M | 2.60M | 600,000 |
| Investing Cash Flow | -62.38M | -88.51M | -146.62M | -139.12M | -258.83M | -55.29M | -32.93M | -46.02M | -74.23M | -151.83M | -103.33M | -67.32M | -19.60M | -13.59M | -16.99M | -104.49M | -48.62M | -9.01M | -13.84M | -13.83M | 15.00M | -30.27M | -2.99M | 4.66M | 2.70M | -13.80M | -20.70M | -13.00M | -4.20M |
| Financing Activities | |||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | 100.00M | 97.00M | — | — | — | — | — | — | 628,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -1.58M | -31.67M | -1.57M | -101.26M | -97.38M | -78,000 | -60,000 | -58,000 | -54,000 | -53,000 | -787,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -2.11M | -3.47M | -15.54M | -1.69M | — | — | — | 12.52M | 15.35M | 17.35M | 5.28M | 7.89M | 5.35M | 3.01M | 2.11M | 4.48M | 2.09M | 2.46M | 310,000 | — | — | 80,000 | — | 113,000 | -100,000 | — | — | -100,000 | 100,000 |
| Financing Cash Flow | -96.57M | -35.15M | -17.11M | -2.95M | 795,000 | -87.48M | -143.87M | -151.46M | -119.00M | 10.23M | -24.13M | -8.72M | -56.79M | -64.42M | -4.98M | -5.57M | -543,000 | 1.67M | -9.28M | 2.56M | -27.45M | -8.78M | -3.54M | -21.09M | -9.80M | 100,000 | 600,000 | 500,000 | 30.70M |
| Other Cash Details | |||||||||||||||||||||||||||||
| End Cash Position | 298.49M | 180.56M | 66.32M | 163.28M | 36.67M | 108.40M | 65.64M | 91.04M | 94.19M | 76.40M | 49.52M | 74.46M | 49.45M | 48.97M | 55.48M | 9.07M | 79.29M | 63.15M | 41.52M | 35.79M | 27.79M | 20.61M | 47.87M | 6.26M | 5.30M | 8.70M | — | 5.10M | — |
| Income Tax Paid | — | 28.14M | 53.89M | 36.03M | 30.76M | 11.35M | 43.01M | 30.98M | 45.08M | 42.32M | 29.44M | 18.78M | 40.56M | 24.77M | 18.19M | 8.84M | 14.72M | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 201.06M | 109.36M | -91.62M | 113.41M | 85.01M | 107.94M | 103.00M | 104.28M | 94.40M | -10.57M | -673,000 | 29.32M | 53.16M | 54.22M | 48.57M | -19.70M | 28.19M | 19.92M | 14.87M | 14.71M | 17.91M | 11.48M | 16.01M | 11.73M | 10.00M | 17.20M | -8.30M | 4.40M | -1.90M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Midcap ETF | Nov 30, 2024 | 283,137 | 69.33M | 3.01% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 276,200 | 67.63M | 2.93% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 217,106 | 53.16M | 2.31% |
| Price (T.Rowe) Mid Cap Growth Fund | Sep 30, 2024 | 199,500 | 48.85M | 2.12% |
| Fidelity Select Portfolios - Consumer Staples | Nov 30, 2024 | 152,900 | 37.44M | 1.62% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 133,518 | 32.69M | 1.42% |
| Fidelity Central Investment Port-U.S. Equity Central Fd | Sep 30, 2024 | 121,250 | 29.69M | 1.29% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 119,864 | 29.35M | 1.27% |
| Price (T.Rowe) Small Cap Stock Fund | Sep 30, 2024 | 107,293 | 26.27M | 1.14% |
| Longleaf Partners Small-Cap Fund | Sep 30, 2024 | 106,204 | 26.00M | 1.13% |
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