SAM Boston Beer Co margins

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Relative Growth: Rel. Growth: 24
Relative Strength: Rel. Strength: 47
Relative Valuation: Rel. Valuation: 26
Relative Profitability: Rel. Profitability: 22
Gross margin
49.1%
Operating margin
-5.1%
EBITDA margin
-0.1%
Net margin
-3.8%

At present, Boston Beer Co currently has a gross margin of 49.1%, an operating margin of -5.1%, an EBITDA margin of -0.1%, and a net margin of -3.8%; its operating margin is negative at -5.1%, its EBITDA margin is negative at -0.1%, and its net margin is negative at -3.8%. Gross margin recorded the largest improvement, increasing by 1.4 percentage points. EBITDA margin recorded the largest decline, decreasing by 11.3 percentage points.

SAM margin history

Gross, operating, EBITDA and net margin trends

Boston Beer Co's margins averaged 46.08% gross, 3% operating, 8.04% EBITDA, and 2.28% net during the last 3 years. Against the three-year averages, gross margin is above its three-year average and operating, EBITDA, and net margins are below their three-year averages.

SAM margin expansion

Year-over-year margin changes in percentage points

The strongest improvement was in gross margin, which increased by 1.4 percentage points, whereas operating margin contracted by 11.2 percentage points, EBITDA margin by 11.3 percentage points, and net margin by 8.5 percentage points.

Gross margin expansion
1.4pp
Operating margin expansion
-11.2pp
EBITDA margin expansion
-11.3pp
Net margin expansion
-8.5pp

SAM Gross margin

Boston Beer Co's gross margin averaged 46.08% during the last 3 years. Boston Beer Co currently reports a gross margin of 49.1%, 3 percentage points above its three-year average. Over the last 3 years, Boston Beer Co's gross margin peaked at 49.1% in Sep 2026 and reached a low of 42.4% in Dec 2023.

SAM Operating margin

Over the last 3 years, the average operating margin for Boston Beer Co was 3%. The current operating margin stands at -5.1%, 8.1 percentage points below its three-year average. Boston Beer Co's operating margin ranged from a low of -5.1% in Sep 2026 to a high of 7.4% in Dec 2025.

SAM EBITDA margin

Looking back over the last 3 years, Boston Beer Co recorded an average EBITDA margin of 8.04%. Boston Beer Co's current EBITDA margin is -0.1% and is 8.1 percentage points below its three-year average. The highest EBITDA margin for Boston Beer Co was 12.4% in Dec 2025, while the lowest was -0.1% in Sep 2026.

SAM Net margin

Reviewing the last 3 years, Boston Beer Co recorded an average net margin of 2.28%. Boston Beer Co's current net margin is -3.8% and is 6.1 percentage points below its three-year average. The highest net margin for Boston Beer Co was 5.5% in Dec 2025, while the lowest was -3.8% in Sep 2026.

SAM margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 49.1%, SAM stands above the Consumer Defensive sector average. Compared to its Consumer Defensive sector average of 36.6%, Boston Beer Co's gross margin is 34% higher.

SAM margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Boston Beer Co's gross margin?

The current gross margin for SAM is 49.1% as of Sep 26, 2026.

What is Boston Beer Co's operating margin?

As of Sep 26, 2026, SAM has an operating margin of -5.1%.

What is Boston Beer Co's EBITDA margin?

As of Sep 26, 2026, SAM has an EBITDA margin of -0.1%.

What is Boston Beer Co's net margin?

For the period ending Sep 26, 2026, SAM recorded a net margin of -3.8%.

What are the average margins of SAM?

The three-year average margins for SAM were 46.1% gross, 3.0% operating, 8.0% EBITDA, and 2.3% net.

What are the highest historical margins of SAM?

Over the last 5 years, Boston Beer Co's highest margins were 49.1% gross in Sep 2026, 7.4% operating in Dec 2025, 12.4% EBITDA in Dec 2025, and 5.5% net in Dec 2025.

What are the lowest historical margins of SAM?

Over the last 5 years, Boston Beer Co's lowest margins were 36.4% gross in Jun 2022, -5.1% operating in Sep 2026, -0.2% EBITDA in Jun 2022, and -3.8% net in Sep 2026.