Boston Beer
SAM · Distillers & Vintners
$202.28
3.4%Molson Coors
TAP · Distillers & Vintners
$41.21
1.1%The short version
- Molson Coors is the larger business, with $11.1B of revenue in fiscal 2025 against $2.0B for Boston Beer, about 5.7 times as much.
- Boston Beer grew revenue faster (−2.4%, against −4.2%).
- Boston Beer kept more of each dollar of sales as operating profit (7.4% operating margin, against −21.0% operating margin).
- Boston Beer turned more of its sales into free cash flow (11.0% FCF margin, against 9.6% FCF margin).
- Boston Beer earned a higher return on the capital invested in it (15.4%, against −10.7%).
| Latest fiscal year | SAM · FY25 | TAP · FY25 |
|---|---|---|
| Size | ||
| Market cap | $2.1B | $8.2B |
| Revenue | $2.0B | $11.1B |
| Free cash flow | $216M | $1.1B |
| Net income | $109M | −$2.1B |
| Growth | ||
| Revenue growth | −2.4% | −4.2% |
| 5-year growth | 2.5% | 2.9% |
| Share count change | −7.1% | −5.2% |
| Profitability | ||
| Gross margin | 48.5% | 38.4% |
| Operating margin | 7.4% | −21.0% |
| Net margin | 5.5% | −19.2% |
| FCF margin | 11.0% | 9.6% |
| Return on capital | 15.4% | −10.7% |
| Return on equity | 12.3% | −18.4% |
| Balance sheet | ||
| Net debt | −$222M | $5.5B |
| Net debt / EBITDA | −0.9x | — |
| Dividends and buybacks | $202M | $1.0B |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | 7 | 3 |
FY16
SAM $906M
TAP $4.9B
FY17
SAM $863M
TAP $11.0B
FY18
SAM $996M
TAP $10.8B
FY19
SAM $1.2B
TAP $10.6B
FY20
SAM $1.7B
TAP $9.7B
FY21
SAM $2.1B
TAP $10.3B
FY22
SAM $2.1B
TAP $10.7B
FY23
SAM $2.0B
TAP $11.7B
FY24
SAM $2.0B
TAP $11.6B
FY25
SAM $2.0B
TAP $11.1B
SAM
TAP
FY16
SAM 15.2%
TAP 68.0%
FY17
SAM 13.4%
TAP 15.3%
FY18
SAM 11.6%
TAP 15.2%
FY19
SAM 11.6%
TAP 7.2%
FY20
SAM 14.1%
TAP −4.2%
FY21
SAM 0.4%
TAP 14.2%
FY22
SAM 4.3%
TAP 1.5%
FY23
SAM 5.0%
TAP 12.3%
FY24
SAM 3.8%
TAP 15.1%
FY25
SAM 7.4%
TAP −21.0%
SAM
TAP
FY16
SAM $104M
TAP $785M
FY17
SAM $103M
TAP $1.3B
FY18
SAM $108M
TAP $1.7B
FY19
SAM $85.0M
TAP $1.3B
FY20
SAM $113M
TAP $1.1B
FY21
SAM −$91.6M
TAP $1.1B
FY22
SAM $109M
TAP $841M
FY23
SAM $201M
TAP $1.4B
FY24
SAM $173M
TAP $1.2B
FY25
SAM $216M
TAP $1.1B
SAM
TAP
FY16
SAM 24.2%
TAP 10.8%
FY17
SAM 27.6%
TAP 7.2%
FY18
SAM 26.0%
TAP 5.8%
FY19
SAM 21.0%
TAP 1.7%
FY20
SAM 25.6%
TAP −1.5%
FY21
SAM 0.9%
TAP 5.9%
FY22
SAM 7.2%
TAP 0.6%
FY23
SAM 8.3%
TAP 5.8%
FY24
SAM 7.0%
TAP 7.2%
FY25
SAM 15.4%
TAP −10.7%
SAM
TAP
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.