Boston Beer Company Inc (SAM)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 87,602 | 109,588 | 91,436 | 6,909 | 244,230 |
| Revenue | US$ in thousands | 2,012,930 | 2,008,620 | 2,090,330 | 2,057,620 | 1,736,430 |
| Pretax margin | 4.35% | 5.46% | 4.37% | 0.34% | 14.07% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $87,602K ÷ $2,012,930K
= 4.35%
The pretax margin of Boston Beer Company Inc has shown fluctuations over the past five years. In December 2020, the pretax margin was relatively healthy at 14.07%, indicating that the company was efficiently controlling its operating expenses relative to its revenue before accounting for taxes. However, there was a significant decline in December 2021, with the pretax margin plummeting to 0.34%, which may suggest challenges affecting profitability during that period.
Over the following years, Boston Beer Company Inc managed to improve its pretax margin, reaching 4.37% in December 2022, 5.46% in December 2023, and slightly dipping to 4.35% by December 2024. These improvements indicate that the company likely implemented strategies to enhance operational efficiency and cost management, leading to better profitability ratios.
Overall, while the pretax margin of Boston Beer Company Inc experienced fluctuations, the company demonstrated an ability to adapt and optimize its profitability over the analyzed period. Nonetheless, it may be important for stakeholders to monitor the trend closely to ensure sustained financial health and performance.
Peer comparison
Dec 31, 2024