Boston Beer Company Inc (SAM)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 100,001 | 90,791 | 7,997 | 244,207 | 144,912 |
| Revenue | US$ in thousands | 2,008,620 | 2,090,330 | 2,057,620 | 1,736,430 | 1,249,820 |
| Operating profit margin | 4.98% | 4.34% | 0.39% | 14.06% | 11.59% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $100,001K ÷ $2,008,620K
= 4.98%
The operating profit margin of Boston Beer Company Inc has fluctuated over the past five years, ranging from a low of 0.39% in 2021 to a high of 14.06% in 2020. In 2023, the operating profit margin improved to 4.98% from 4.34% in 2022. This improvement suggests that the company was able to better control its operating expenses relative to its revenue in the most recent year. However, the current margin is still significantly lower than the levels seen in 2020 and 2019. Further analysis would be required to understand the specific factors driving these changes in operating profit margin over the years.
Peer comparison
Dec 31, 2023