Boston Beer (SAM) Gross Margin (2010 - 2026)

Boston Beer has disclosed Gross Margin across 17 years of filings, most recently posting 49.31% for Q1 2026.

• Quarterly Gross Margin rose 100.0% year-over-year to 49.31% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 50.29% (up 569.0% YoY) and the FY2025 annual result came in at 48.48%, up 408.0% from the prior year.
• Gross Margin eased to 49.31% in Q1 2026, from 58.48% in the prior quarter.
• Over five years, Gross Margin peaked at 58.48% in Q4 2025 and troughed at 28.53% in Q4 2023.
• A 5-year average of 43.93% and a median of 43.64% in 2024 frame the typical range for Gross Margin.
• Annual changes were most pronounced in 2022 — Gross Margin soared 2767 bps — and 2023, when it tumbled 1963 bps.
• Tracing SAM's Gross Margin over 5 years: stood at 48.16% in 2022, then tumbled by 41 bps to 28.53% in 2023, then jumped by 40 bps to 39.94% in 2024, then surged by 46 bps to 58.48% in 2025, then slipped by 16 bps to 49.31% in 2026.
• Business Quant data shows SAM's Gross Margin at 49.31% in Q1 2026, 58.48% in Q4 2025, and 50.81% in Q3 2025.