Boston Beer (SAM) Gross Margin (2010 - 2026)
Boston Beer's (SAM) quarterly Gross Margin came in at 47.12% in Q2 2026, up 35.0% on a YoY basis from 34.9% in Q2 2025, and up 1.65% quarter-over-quarter from 46.35% in Q1 2026.
Analysis
Boston Beer (SAM) Gross Margin (2010 - 2026) Analysis & Trends
Boston Beer (SAM) has reported Gross Margin for 17 consecutive years, with 47.12% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 35.0% year-over-year to 47.12%; the trailing twelve-month figure through Jun 2026 stood at 45.91% (up 217.0% YoY), and the FY2025 full-year result was 45.64%, up 383.0% from the prior year.
- Gross Margin improved to 47.12% in Q2 2026 per SAM's latest filing, from 46.35% in the prior quarter.
- Across five years, Gross Margin topped out at 47.79% in Q3 2025 and bottomed at 34.77% in Q4 2022.
- Historically, Gross Margin has averaged 41.72% across 5 years, with a median of 41.98% in 2024.
- The widest YoY moves for Gross Margin: up 1185 bps in 2022, down 509 bps in 2022.
- Over 5 years, Gross Margin stood at 34.77% in 2022, then increased by 2 bps to 35.43% in 2023, then climbed by 6 bps to 37.43% in 2024, then climbed by 10 bps to 41.0% in 2025, then grew by 15 bps to 47.12% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 47.12%, 46.35%, and 41.0% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ambev | 47.60 Bn | 44.09 Bn | 2.06 Bn | 51.86% |
| 2 | Constellation Brands | 21.89 Bn | 21.79 Bn | 1.32 Bn | 50.98% |
| 3 | Molson Coors Beverage | 8.77 Bn | 6.83 Bn | 1.06 Bn | 29.50% |
| 4 | United Breweries | 2.20 Bn | -245.21 Bn | 252.83 Bn | 41.60% |
| 5 | Boston Beer | 1.75 Bn | 1.49 Bn | 286.37 Mn | 47.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 47.12% |
| Mar 28, 2026 | 46.35% |
| Dec 27, 2025 | 41.00% |
| Sep 27, 2025 | 47.79% |
| Jun 28, 2025 | 46.77% |
| Mar 29, 2025 | 45.55% |
| Dec 28, 2024 | 37.43% |
| Sep 28, 2024 | 43.64% |
| Jun 29, 2024 | 43.38% |
| Mar 30, 2024 | 41.21% |
| Dec 30, 2023 | 35.43% |
| Sep 30, 2023 | 42.95% |
| Jul 1, 2023 | 42.75% |
| Apr 1, 2023 | 35.77% |
| Dec 31, 2022 | 34.77% |
| Sep 24, 2022 | 40.63% |
| Jun 25, 2022 | 40.57% |
| Mar 26, 2022 | 37.82% |
| Dec 25, 2021 | 26.70% |
| Sep 25, 2021 | 28.78% |