Boston Beer Company Inc (SAM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 893,732 | 852,369 | 861,986 | 797,792 | 814,452 |
| Revenue | US$ in thousands | 2,012,930 | 2,008,620 | 2,090,330 | 2,057,620 | 1,736,430 |
| Gross profit margin | 44.40% | 42.44% | 41.24% | 38.77% | 46.90% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $893,732K ÷ $2,012,930K
= 44.40%
Boston Beer Company Inc's gross profit margin has displayed fluctuations over the past five years. In 2020, the gross profit margin stood at 46.90%, indicating that for every dollar of revenue generated, the company retained $0.469 as gross profit. However, there was a notable decrease in this metric in 2021, falling to 38.77%. This decline suggests a decrease in profitability and efficiency in managing production costs.
Subsequently, there was an improvement in the gross profit margin in 2022, reaching 41.24%, signifying a positive trend in the company's ability to generate profits from its core operations. The margin further increased in 2023 to 42.44%, indicating continued progress in cost management and revenue generation.
By the end of 2024, Boston Beer Company Inc's gross profit margin had reached 44.40%, reflecting a strong performance in maintaining a healthy margin between revenue and production costs. Overall, the company has shown fluctuations in its gross profit margin over the years, with a recent trend of improvement, suggesting a potential for sustained profitability and operational efficiency.
Peer comparison
Dec 31, 2024