Boston Beer Company Inc. (The) Common Stock (SAM)

FairStock Score: 58/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett-and-Graham-minded investor, I start with durable earning power. Boston Beer owns recognizable brands—Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, and Sun Cruiser—and sells through U.S. wholesalers. That is a real distribution advantage, but alcoholic beverages are fashion-prone and competitive, so I would not call this a wide moat. The numbers are uneven. In fiscal Q1 2026, the quarter ended 2026-03-28, revenue was $461.6M and net income was negative $145.3M, or diluted EPS of negative $13.88. In fiscal Q2 2026, the quarter ended 2026-06-27, revenue was $607.8M with net income of $51.6M and diluted EPS of $4.96. For FY2025, revenue was $2.1B and net income was $108.5M, or diluted EPS of $9.89; FY2024 net income was $59.7M and FY2023 was $76.3M. FairStock’s Lynch category is SLOW GROWER—Shrinking, because profit fell about 10.8% a year over five years while revenue grew 2.4%. Still, the balance sheet is strong: debt-to-equity is 0.04, Piotroski is 9/9, and trailing free cash flow is $206.0M, an 11.2% FCF yield. At the 2026-10-13 close of $177.23, the P/E is negative 26.57 on TTM EPS of negative $6.67, P/B is 2.50, and EV/EBITDA is 8.34. A negative P/E means reported earnings cannot anchor valuation. The price looks more reasonable on cash flow than on profits, but shrinking profits and a Q1 loss make me want consistency before calling it a bargain.

In plain English: Boston Beer makes alcoholic drinks such as Samuel Adams beer, Twisted Tea, Truly hard seltzer, and Angry Orchard cider. Its business looks uneven: revenue has slipped, it had a large loss in the first quarter of fiscal 2026, and then made money again in the second quarter. At the recent close of $177.23 on 2026-10-13, the price looks fair-to-cheap based on cash flow but expensive-looking because profits have been weak and negative over the last year.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-27) · fiscal Q1 2026 10-Q (period ended 2026-03-28) · fiscal Q3 2025 10-Q (period ended 2025-09-27) · fiscal Q2 2025 10-Q (period ended 2025-06-28) · FY2025 10-K (period ended 2025-12-27) · FY2024 10-K (period ended 2024-12-28) · FY2023 10-K (period ended 2023-12-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer