Boston Beer Company, Inc. (The) (SAM) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 47.1%
EBITDA Margin: 15.1%
Op. Margin: 11.6%
Net Margin: 8.5%

Op. margin of 11.6% is down 1.5% YoY — costs are rising relative to revenue. Net margin at 8.5% and gross margin of 47.1% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit