Boston Beer is a top player in high-end malt beverages and adjacent categories in the US, with strong positions in craft beer, flavored malt beverages, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands: Samuel Adams, Angry Orchard, Twisted Tea, and Truly. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets, including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates almost all sales in the US.
1984
2.4K+
LTM Revenue $2.0B
LTM EBITDA $240M
$2.6B
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Boston Beer has a last 12-month revenue of $2.0B and a last 12-month EBITDA of $240M.
In the most recent fiscal year, Boston Beer achieved revenue of $2.0B and an EBITDA of $246M.
Boston Beer expects next 12-month revenue of XXX   and NTM EBITDA of XXX
See Boston Beer valuation multiples based on analyst estimatesFY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
---|---|---|---|---|---|
Revenue | $2.0B | $2.0B | XXX | XXX | XXX |
Gross Profit | $862M | $852M | XXX | XXX | XXX |
Gross Margin | 43% | 42% | XXX | XXX | XXX |
EBITDA | $210M | $246M | XXX | XXX | XXX |
EBITDA Margin | 10% | 12% | XXX | XXX | XXX |
Net Profit | $67.3M | $76.3M | XXX | XXX | XXX |
Net Margin | 3% | 4% | XXX | XXX | XXX |
Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Boston Beer's stock price is $244.
Boston Beer has current market cap of $2.7B, and EV of $2.6B.
See Boston Beer trading valuation dataEV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
---|---|---|---|---|---|---|
$2.6B | $2.7B | XXX | XXX | XXX | XXX | $9.58 |
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Sign UpAs of April 15, 2025, Boston Beer has market cap of $2.7B and EV of $2.6B.
Boston Beer's trades at 1.3x LTM EV/Revenue multiple, and 10.7x LTM EBITDA.
Analysts estimate Boston Beer's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Boston Beer and 10K+ public compsFY 2024 | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|
EV | $2.6B | XXX | XXX | XXX |
EV/Revenue | 1.3x | XXX | XXX | XXX |
EV/EBITDA | 10.4x | XXX | XXX | XXX |
P/E | 45.9x | XXX | XXX | XXX |
P/E/Growth | 1.0x | XXX | XXX | XXX |
EV/FCF | 14.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpBoston Beer's NTM/LTM revenue growth is 2%
Boston Beer's revenue per employee for the last fiscal year averaged $0.9M, while opex per employee averaged $0.3M for the same period.
Over next 12 months, Boston Beer's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Boston Beer's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Boston Beer and other 10K+ public compsFY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|---|
Revenue Growth | 0% | XXX | XXX | XXX | XXX |
EBITDA Margin | 12% | XXX | XXX | XXX | XXX |
EBITDA Growth | 17% | XXX | XXX | XXX | XXX |
Rule of 40 (SaaS-only) | 14% | XXX | XXX | XXX | XXX |
Revenue per Employee | $0.9M | XXX | XXX | XXX | XXX |
Opex per Employee | $0.3M | XXX | XXX | XXX | XXX |
S&M Expenses to Revenue | 27% | XXX | XXX | XXX | XXX |
G&A Expenses to Revenue | 9% | XXX | XXX | XXX | XXX |
R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
Opex to Revenue | 37% | XXX | XXX | XXX | XXX |
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2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
Heineken | XXX | XXX | XXX | XXX | XXX | XXX |
Endeavour Group | XXX | XXX | XXX | XXX | XXX | XXX |
Treasury Wine Estates | XXX | XXX | XXX | XXX | XXX | XXX |
United Spirits | XXX | XXX | XXX | XXX | XXX | XXX |
United Breweries | XXX | XXX | XXX | XXX | XXX | XXX |
XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Boston Beer acquired XXX companies to date.
Last acquisition by Boston Beer was XXXXXXXX, XXXXX XXXXX XXXXXX . Boston Beer acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiplesAcquired Company | EV | EV/Revenue | EV/EBITDA |
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XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
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Sign UpWhen was Boston Beer founded? | Boston Beer was founded in 1984. |
Where is Boston Beer headquartered? | Boston Beer is headquartered in United States of America. |
How many employees does Boston Beer have? | As of today, Boston Beer has 2.4K+ employees. |
Who is the CEO of Boston Beer? | Boston Beer's CEO is Mr. Michael Spillane. |
Is Boston Beer publicy listed? | Yes, Boston Beer is a public company listed on NYS. |
What is the stock symbol of Boston Beer? | Boston Beer trades under SAM ticker. |
When did Boston Beer go public? | Boston Beer went public in 1995. |
Who are competitors of Boston Beer? | Similar companies to Boston Beer include e.g. Heineken, Endeavour Group, Treasury Wine Estates, United Spirits. |
What is the current market cap of Boston Beer? | Boston Beer's current market cap is $2.7B |
What is the current revenue of Boston Beer? | Boston Beer's last 12-month revenue is $2.0B. |
What is the current EBITDA of Boston Beer? | Boston Beer's last 12-month EBITDA is $240M. |
What is the current EV/Revenue multiple of Boston Beer? | Current revenue multiple of Boston Beer is 1.3x. |
What is the current EV/EBITDA multiple of Boston Beer? | Current EBITDA multiple of Boston Beer is 10.7x. |
What is the current revenue growth of Boston Beer? | Boston Beer revenue growth between 2023 and 2024 was 0%. |
Is Boston Beer profitable? | Yes, Boston Beer is EBITDA-positive (as of the last 12 months). |
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