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How THE BOSTON BEER COMPANY, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$2.1B · 100%Cost of revenue$1.0B · 49%Gross profit$953M · 46%Operating income$145M · 7%Income before tax$153M · 7%Income tax$45M · 2%Net income$108M · 5%As of 2025-12-27 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$2.1B100%
Cost of revenue$1.0B49%
$953M46%
$145M7%
Income before tax$153M7%
Income tax$45M2%
$108M5%
Source: · event Dec 27, 2025 · retrieved Oct 15, 2026 · annual-row source set
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