Is BOSTON BEER CO INC financially healthy?

BOSTON BEER CO INC scores 7 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of BOSTON BEER CO INC?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), AQR CAPITAL MANAGEMENT LLC (trimming), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

BOSTON BEER CO INC (SAM)

NYSE · Common Stock · Malt Beverages

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

7 / 8

PASSReturn on assets positiveROA 9.1%
PASSOperating cash flow positiveOCF 270M
PASSReturn on assets improving4.8% → 9.1%
PASSCash flow exceeds earningsOCF 270M vs NI 108M
FAILLong-term debt ratio fallingno debt reported
FAILCurrent ratio improving1.80 → 1.65
PASSNo share dilution12M → 11M shares
PASSGross margin improving44.4% → 48.5%
PASSAsset turnover improving1.61× → 1.65×

Altman Z-score

5.45safe

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Cash conversion: 249.1%
Share count change: -7.0%

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$1.7B	$192.0M	$113.4M	46.9%	12,283,000
FY2021	$2.1B	$14.6M	−$91.6M	38.8%	12,436,000
FY2022	$2.1B	$67.3M	$109.4M	41.2%	12,345,000
FY2023	$2.0B	$76.3M	$201.1M	42.4%	12,258,000
FY2024	$2.0B	$59.7M	$172.6M	44.4%	11,766,000
FY2025

Ownership flow

12 institutions tracked — 9 added, 3 reduced. Index money added 367,796 shares while active managers cut 210,126.

Institutional holders of BOSTON BEER CO INC and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	1,015,254	+245,004	$179.7M
FMR LLC	Active fund	60,625	−134,740	$10.7M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	539,988	−111,996	$95.6M
GEODE CAPITAL MANAGEMENT, LLC	Index	205,368	+63,255

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $23.3M
2025Q1: $49.4M
2024Q1: $50.0M
2023Q1: $21.1M
2018Q1: $16.6M
2017Q1: $33.3M

Identity

CIK: 0000949870
FIGI: BBG000BCZBF1
SIC: 2082 · Malt Beverages
Incorporated: MA
Headquarters: BOSTON, MA

Ownership

Institutional: 109.4%
Institutions: 439
Insiders: 9.3%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Related companies

Companies filing in the same SEC industry group.

MOLSON COORS BEVERAGE COTAP BROWN FORMAN CORPBF-B Keurig Dr Pepper Inc.KDP COCA COLA COKO PEPSICO INCPEP Primo Brands CorpPRMB

Questions about BOSTON BEER CO INC

Is BOSTON BEER CO INC financially healthy?: BOSTON BEER CO INC scores 7 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of BOSTON BEER CO INC?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), AQR CAPITAL MANAGEMENT LLC (trimming), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.