Boston Beer Company Inc (SAM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 76,250 | 67,263 | 14,553 | 191,960 | 110,041 |
| Revenue | US$ in thousands | 2,008,620 | 2,090,330 | 2,057,620 | 1,736,430 | 1,249,820 |
| Net profit margin | 3.80% | 3.22% | 0.71% | 11.05% | 8.80% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $76,250K ÷ $2,008,620K
= 3.80%
Boston Beer Company Inc's net profit margin has fluctuated over the past five years. In 2023, the company achieved a net profit margin of 3.80%, which represents a slight increase from the prior year and indicates that the company is able to generate $0.038 of profit for every dollar in sales.
The net profit margin in 2023 is higher than the margin in 2022, showing improved profitability. However, when compared to 2020 and 2019, the net profit margin is lower, signifying a decrease in profitability over the past few years.
It is important for Boston Beer Company Inc to continue monitoring and managing its expenses and revenues effectively to maintain or improve its net profit margin in the future. This ratio provides insight into the company's ability to control costs and generate profits from its operations.
Peer comparison
Dec 31, 2023