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Side-by-side financial comparison of BOSTON BEER CO INC (SAM) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $385.7M, roughly 8.1× BOSTON BEER CO INC). Molson Coors Beverage Company runs the higher net margin — 7.6% vs -5.8%, a 13.5% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (-3.6% vs -4.1%). Molson Coors Beverage Company produced more free cash flow last quarter ($357.8M vs $22.1M). Over the past eight quarters, Molson Coors Beverage Company's revenue compounded faster (1.2% CAGR vs -4.9%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
SAM vs TAP — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $385.7M | $3.1B |
| Net Profit | $-22.5M | $238.3M |
| Gross Margin | 43.5% | 31.0% |
| Operating Margin | -8.6% | 10.4% |
| Net Margin | -5.8% | 7.6% |
| Revenue YoY | -4.1% | -3.6% |
| Net Profit YoY | 41.9% | -17.2% |
| EPS (diluted) | $-1.97 | $1.32 |
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.
| Q4 25 | $385.7M | $3.1B | ||
| Q3 25 | $537.5M | $3.5B | ||
| Q2 25 | $587.9M | $3.7B | ||
| Q1 25 | $453.9M | $2.7B | ||
| Q4 24 | $402.3M | $3.2B | ||
| Q3 24 | $605.5M | $3.6B | ||
| Q2 24 | $579.1M | $3.8B | ||
| Q1 24 | $426.1M | $3.0B |
| Q4 25 | $-22.5M | $238.3M | ||
| Q3 25 | $46.2M | $-2.9B | ||
| Q2 25 | $60.4M | $428.7M | ||
| Q1 25 | $24.4M | $121.0M | ||
| Q4 24 | $-38.8M | $287.8M | ||
| Q3 24 | $33.5M | $199.8M | ||
| Q2 24 | $52.3M | $427.0M | ||
| Q1 24 | $12.6M | $207.8M |
| Q4 25 | 43.5% | 31.0% | ||
| Q3 25 | 50.8% | 33.7% | ||
| Q2 25 | 49.8% | 34.3% | ||
| Q1 25 | 48.3% | 31.6% | ||
| Q4 24 | 39.9% | 32.0% | ||
| Q3 24 | 46.3% | 33.4% | ||
| Q2 24 | 46.0% | 34.6% | ||
| Q1 24 | 43.7% | 31.6% |
| Q4 25 | -8.6% | 10.4% | ||
| Q3 25 | 11.5% | -98.5% | ||
| Q2 25 | 14.0% | 15.6% | ||
| Q1 25 | 7.4% | 6.9% | ||
| Q4 24 | -13.9% | 12.0% | ||
| Q3 24 | 7.6% | 12.5% | ||
| Q2 24 | 12.2% | 15.6% | ||
| Q1 24 | 3.6% | 10.3% |
| Q4 25 | -5.8% | 7.6% | ||
| Q3 25 | 8.6% | -84.0% | ||
| Q2 25 | 10.3% | 11.5% | ||
| Q1 25 | 5.4% | 4.5% | ||
| Q4 24 | -9.6% | 8.9% | ||
| Q3 24 | 5.5% | 5.5% | ||
| Q2 24 | 9.0% | 11.1% | ||
| Q1 24 | 3.0% | 6.8% |
| Q4 25 | $-1.97 | $1.32 | ||
| Q3 25 | $4.25 | $-14.79 | ||
| Q2 25 | $5.45 | $2.13 | ||
| Q1 25 | $2.16 | $0.59 | ||
| Q4 24 | $-3.23 | $1.39 | ||
| Q3 24 | $2.86 | $0.96 | ||
| Q2 24 | $4.39 | $2.03 | ||
| Q1 24 | $1.04 | $0.97 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $223.4M | $896.5M |
| Total DebtLower is stronger | — | $6.3B |
| Stockholders' EquityBook value | $846.3M | $10.2B |
| Total Assets | $1.2B | $22.7B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $223.4M | $896.5M | ||
| Q3 25 | $250.5M | $950.2M | ||
| Q2 25 | $212.4M | $613.8M | ||
| Q1 25 | $152.5M | $412.7M | ||
| Q4 24 | $211.8M | $969.3M | ||
| Q3 24 | $255.6M | $1.0B | ||
| Q2 24 | $219.3M | $1.6B | ||
| Q1 24 | $205.4M | $458.4M |
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.2B | ||
| Q2 24 | — | $7.0B | ||
| Q1 24 | — | $6.2B |
| Q4 25 | $846.3M | $10.2B | ||
| Q3 25 | $911.0M | $10.3B | ||
| Q2 25 | $912.3M | $13.4B | ||
| Q1 25 | $897.0M | $13.1B | ||
| Q4 24 | $916.2M | $13.1B | ||
| Q3 24 | $1.0B | $13.3B | ||
| Q2 24 | $1.0B | $13.2B | ||
| Q1 24 | $1.0B | $13.1B |
| Q4 25 | $1.2B | $22.7B | ||
| Q3 25 | $1.2B | $22.9B | ||
| Q2 25 | $1.3B | $26.8B | ||
| Q1 25 | $1.2B | $25.9B | ||
| Q4 24 | $1.3B | $26.1B | ||
| Q3 24 | $1.4B | $26.6B | ||
| Q2 24 | $1.4B | $27.4B | ||
| Q1 24 | $1.4B | $26.1B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.47× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $39.9M | $540.7M |
| Free Cash FlowOCF − Capex | $22.1M | $357.8M |
| FCF MarginFCF / Revenue | 5.7% | 11.4% |
| Capex IntensityCapex / Revenue | 4.6% | 5.9% |
| Cash ConversionOCF / Net Profit | — | 2.27× |
| TTM Free Cash FlowTrailing 4 quarters | $215.6M | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.9M | $540.7M | ||
| Q3 25 | $101.8M | $616.1M | ||
| Q2 25 | $126.5M | $718.3M | ||
| Q1 25 | $1.9M | $-90.7M | ||
| Q4 24 | $41.9M | $494.5M | ||
| Q3 24 | $115.9M | $521.2M | ||
| Q2 24 | $96.0M | $869.2M | ||
| Q1 24 | $-4.9M | $25.4M |
| Q4 25 | $22.1M | $357.8M | ||
| Q3 25 | $89.2M | $483.0M | ||
| Q2 25 | $112.2M | $555.0M | ||
| Q1 25 | $-8.0M | $-328.0M | ||
| Q4 24 | $18.4M | $383.4M | ||
| Q3 24 | $99.2M | $350.4M | ||
| Q2 24 | $75.6M | $691.7M | ||
| Q1 24 | $-20.6M | $-189.3M |
| Q4 25 | 5.7% | 11.4% | ||
| Q3 25 | 16.6% | 13.9% | ||
| Q2 25 | 19.1% | 14.8% | ||
| Q1 25 | -1.8% | -12.2% | ||
| Q4 24 | 4.6% | 11.8% | ||
| Q3 24 | 16.4% | 9.7% | ||
| Q2 24 | 13.1% | 18.0% | ||
| Q1 24 | -4.8% | -6.2% |
| Q4 25 | 4.6% | 5.9% | ||
| Q3 25 | 2.3% | 3.8% | ||
| Q2 25 | 2.4% | 4.4% | ||
| Q1 25 | 2.2% | 8.8% | ||
| Q4 24 | 5.8% | 3.4% | ||
| Q3 24 | 2.8% | 4.7% | ||
| Q2 24 | 3.5% | 4.6% | ||
| Q1 24 | 3.7% | 7.0% |
| Q4 25 | — | 2.27× | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.09× | 1.68× | ||
| Q1 25 | 0.08× | -0.75× | ||
| Q4 24 | — | 1.72× | ||
| Q3 24 | 3.46× | 2.61× | ||
| Q2 24 | 1.83× | 2.04× | ||
| Q1 24 | -0.39× | 0.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
