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Boston Beer profit margin SAM

Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.

Net margin, 12 months
−3.8%
Operating margin, 12 months
−5.1%
Net margin on a year earlier
−8.5 pts
Peer median
4.3%

Over the twelve months to Sep 26, 2026, Boston Beer kept −3.8% of its revenue as net profit, with an operating margin of −5.1% and a gross margin of 49.1%.

Five years earlier its net margin was 4.6%.

The median for 10 consumer staples stocks of a similar size is 4.3%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY20255.5%7.4%48.5%
FY20243.0%3.8%44.4%
FY20233.8%5.0%42.4%
FY20223.2%4.3%41.2%
FY20210.7%0.4%38.8%
FY202011.1%14.1%46.9%
FY20198.8%11.6%49.1%
FY20189.3%11.6%51.4%
FY201711.5%13.4%52.1%
FY20169.6%15.2%50.7%
FY201510.3%16.3%52.3%
FY201410.0%16.2%51.5%
FY20139.5%15.3%52.1%
FY201210.2%16.5%54.3%
FY201112.9%20.2%55.5%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q3 FY26−3.8%−8.5 pts−5.1%
Q2 FY26−3.6%−7.5 pts−4.7%
Q1 FY26−3.1%−6.7 pts−4.1%
Q4 FY255.5%+2.6 pts7.4%
Q3 FY254.7%+0.6 pts6.1%
Q2 FY253.9%−0.7 pts5.2%
Q1 FY253.5%−1.3 pts4.6%
Q4 FY243.0%−0.8 pts3.8%
Q3 FY244.0%−0.0 pts5.3%
Q2 FY244.6%+1.4 pts6.1%
Q1 FY244.8%+1.9 pts6.4%
Q4 FY233.8%+0.6 pts5.0%

Against its peers

Companies in Consumer Defensive nearest Boston Beer's size, closest first, today.

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Boston Beer

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.