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Side-by-side financial comparison of Mechanics Bancorp (MCHB) and BOSTON BEER CO INC (SAM). Click either name above to swap in a different company.

BOSTON BEER CO INC is the larger business by last-quarter revenue ($461.6M vs $458.8M, roughly 1.0× Mechanics Bancorp). Over the past eight quarters, Mechanics Bancorp's revenue compounded faster (232.1% CAGR vs -10.7%).

Mechanics Bancorp is a U.S.-headquartered bank holding company operating Mechanics Bank as its core subsidiary. It offers retail banking, commercial banking, and wealth management services including deposits, loans, and investment advisory, primarily serving consumers and small-to-medium enterprises across California.

The Boston Beer Company is an American brewery founded in 1984 by James "Jim" Koch and Rhonda Kallman. Boston Beer Company's first brand of beer was named Samuel Adams after Founding Father Samuel Adams, an American revolutionary patriot. Since its founding, Boston Beer has started several other brands, and in 2019 completed a merger with Dogfish Head Brewery.

MCHB vs SAM — Head-to-Head

Bigger by revenue
SAM
SAM
1.0× larger
SAM
$461.6M
$458.8M
MCHB
Faster 2-yr revenue CAGR
MCHB
MCHB
Annualised
MCHB
232.1%
-10.7%
SAM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MCHB
MCHB
SAM
SAM
Revenue
$458.8M
$461.6M
Net Profit
Gross Margin
46.4%
Operating Margin
12.4%
Net Margin
Revenue YoY
-4.1%
Net Profit YoY
EPS (diluted)
$2.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MCHB
MCHB
SAM
SAM
Q1 26
$461.6M
Q4 25
$458.8M
$385.7M
Q3 25
$255.4M
$537.5M
Q2 25
$49.0M
$587.9M
Q1 25
$45.4M
$453.9M
Q4 24
$29.6M
$402.3M
Q3 24
$147.9M
$605.5M
Q2 24
$42.9M
$579.1M
Net Profit
MCHB
MCHB
SAM
SAM
Q1 26
Q4 25
$-22.5M
Q3 25
$55.2M
$46.2M
Q2 25
$-4.4M
$60.4M
Q1 25
$-4.5M
$24.4M
Q4 24
$-123.3M
$-38.8M
Q3 24
$39.9M
$33.5M
Q2 24
$-6.2M
$52.3M
Gross Margin
MCHB
MCHB
SAM
SAM
Q1 26
46.4%
Q4 25
43.5%
Q3 25
50.8%
Q2 25
49.8%
Q1 25
48.3%
Q4 24
39.9%
Q3 24
46.3%
Q2 24
46.0%
Operating Margin
MCHB
MCHB
SAM
SAM
Q1 26
12.4%
Q4 25
-8.6%
Q3 25
17.7%
11.5%
Q2 25
-9.8%
14.0%
Q1 25
-10.5%
7.4%
Q4 24
-312.2%
-13.9%
Q3 24
37.5%
7.6%
Q2 24
-18.6%
12.2%
Net Margin
MCHB
MCHB
SAM
SAM
Q1 26
Q4 25
-5.8%
Q3 25
21.6%
8.6%
Q2 25
-9.0%
10.3%
Q1 25
-9.8%
5.4%
Q4 24
-416.4%
-9.6%
Q3 24
27.0%
5.5%
Q2 24
-14.5%
9.0%
EPS (diluted)
MCHB
MCHB
SAM
SAM
Q1 26
$2.16
Q4 25
$-1.97
Q3 25
$0.26
$4.25
Q2 25
$-0.23
$5.45
Q1 25
$-0.24
$2.16
Q4 24
$-6.53
$-3.23
Q3 24
$0.20
$2.86
Q2 24
$-0.33
$4.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MCHB
MCHB
SAM
SAM
Cash + ST InvestmentsLiquidity on hand
$1.0B
$164.1M
Total DebtLower is stronger
$192.0M
Stockholders' EquityBook value
$2.9B
$682.6M
Total Assets
$22.4B
$1.2B
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MCHB
MCHB
SAM
SAM
Q1 26
$164.1M
Q4 25
$1.0B
$223.4M
Q3 25
$1.4B
$250.5M
Q2 25
$201.1M
$212.4M
Q1 25
$252.2M
$152.5M
Q4 24
$999.7M
$211.8M
Q3 24
$205.9M
$255.6M
Q2 24
$218.7M
$219.3M
Total Debt
MCHB
MCHB
SAM
SAM
Q1 26
Q4 25
$192.0M
Q3 25
$190.1M
Q2 25
$225.3M
Q1 25
$225.2M
Q4 24
$0
Q3 24
$0
Q2 24
$224.9M
Stockholders' Equity
MCHB
MCHB
SAM
SAM
Q1 26
$682.6M
Q4 25
$2.9B
$846.3M
Q3 25
$2.8B
$911.0M
Q2 25
$2.4B
$912.3M
Q1 25
$400.8M
$897.0M
Q4 24
$2.3B
$916.2M
Q3 24
$2.3B
$1.0B
Q2 24
$2.2B
$1.0B
Total Assets
MCHB
MCHB
SAM
SAM
Q1 26
$1.2B
Q4 25
$22.4B
$1.2B
Q3 25
$22.7B
$1.2B
Q2 25
$7.6B
$1.3B
Q1 25
$7.8B
$1.2B
Q4 24
$16.5B
$1.3B
Q3 24
$9.2B
$1.4B
Q2 24
$9.3B
$1.4B
Debt / Equity
MCHB
MCHB
SAM
SAM
Q1 26
Q4 25
0.07×
Q3 25
0.07×
Q2 25
0.09×
Q1 25
0.56×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.10×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MCHB
MCHB
SAM
SAM
Operating Cash FlowLast quarter
$193.6M
Free Cash FlowOCF − Capex
$187.1M
FCF MarginFCF / Revenue
40.8%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$263.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MCHB
MCHB
SAM
SAM
Q1 26
Q4 25
$193.6M
$39.9M
Q3 25
$112.0M
$101.8M
Q2 25
$-9.8M
$126.5M
Q1 25
$-22.5M
$1.9M
Q4 24
$292.3M
$41.9M
Q3 24
$247.0M
$115.9M
Q2 24
$-21.8M
$96.0M
Free Cash Flow
MCHB
MCHB
SAM
SAM
Q1 26
Q4 25
$187.1M
$22.1M
Q3 25
$109.1M
$89.2M
Q2 25
$-9.9M
$112.2M
Q1 25
$-22.6M
$-8.0M
Q4 24
$285.9M
$18.4M
Q3 24
$244.5M
$99.2M
Q2 24
$-22.0M
$75.6M
FCF Margin
MCHB
MCHB
SAM
SAM
Q1 26
Q4 25
40.8%
5.7%
Q3 25
42.7%
16.6%
Q2 25
-20.2%
19.1%
Q1 25
-49.7%
-1.8%
Q4 24
965.3%
4.6%
Q3 24
165.4%
16.4%
Q2 24
-51.3%
13.1%
Capex Intensity
MCHB
MCHB
SAM
SAM
Q1 26
Q4 25
1.4%
4.6%
Q3 25
1.1%
2.3%
Q2 25
0.2%
2.4%
Q1 25
0.1%
2.2%
Q4 24
21.5%
5.8%
Q3 24
1.7%
2.8%
Q2 24
0.7%
3.5%
Cash Conversion
MCHB
MCHB
SAM
SAM
Q1 26
Q4 25
Q3 25
2.03×
2.21×
Q2 25
2.09×
Q1 25
0.08×
Q4 24
Q3 24
6.18×
3.46×
Q2 24
1.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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