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

TRINITY INDUSTRIES INC is the larger business by last-quarter revenue ($611.2M vs $461.6M, roughly 1.3× BOSTON BEER CO INC). On growth, TRINITY INDUSTRIES INC posted the faster year-over-year revenue change (-2.9% vs -4.1%). Over the past eight quarters, BOSTON BEER CO INC's revenue compounded faster (-10.7% CAGR vs -13.1%).

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.

Trinity Industries Inc. is an American industrial corporation that owns a variety of businesses which provide products and services to the industrial, energy, transportation and construction sectors.

SAM vs TRN — Head-to-Head

Bigger by revenue
TRN
TRN
1.3× larger
TRN
$611.2M
$461.6M
SAM
Growing faster (revenue YoY)
TRN
TRN
+1.2% gap
TRN
-2.9%
-4.1%
SAM
Faster 2-yr revenue CAGR
SAM
SAM
Annualised
SAM
-10.7%
-13.1%
TRN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
SAM
SAM
TRN
TRN
Revenue
$461.6M
$611.2M
Net Profit
$194.2M
Gross Margin
46.4%
25.5%
Operating Margin
12.4%
54.9%
Net Margin
31.8%
Revenue YoY
-4.1%
-2.9%
Net Profit YoY
413.8%
EPS (diluted)
$2.16
$2.25

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
SAM
SAM
TRN
TRN
Q1 26
$461.6M
Q4 25
$385.7M
$611.2M
Q3 25
$537.5M
$454.1M
Q2 25
$587.9M
$506.2M
Q1 25
$453.9M
$585.4M
Q4 24
$402.3M
$629.4M
Q3 24
$605.5M
$798.8M
Q2 24
$579.1M
$841.4M
Net Profit
SAM
SAM
TRN
TRN
Q1 26
Q4 25
$-22.5M
$194.2M
Q3 25
$46.2M
$30.3M
Q2 25
$60.4M
$14.1M
Q1 25
$24.4M
$22.1M
Q4 24
$-38.8M
$37.8M
Q3 24
$33.5M
$31.4M
Q2 24
$52.3M
$54.4M
Gross Margin
SAM
SAM
TRN
TRN
Q1 26
46.4%
Q4 25
43.5%
25.5%
Q3 25
50.8%
31.1%
Q2 25
49.8%
26.4%
Q1 25
48.3%
24.3%
Q4 24
39.9%
24.6%
Q3 24
46.3%
21.2%
Q2 24
46.0%
21.3%
Operating Margin
SAM
SAM
TRN
TRN
Q1 26
12.4%
Q4 25
-8.6%
54.9%
Q3 25
11.5%
26.1%
Q2 25
14.0%
18.8%
Q1 25
7.4%
17.0%
Q4 24
-13.9%
17.8%
Q3 24
7.6%
15.3%
Q2 24
12.2%
16.9%
Net Margin
SAM
SAM
TRN
TRN
Q1 26
Q4 25
-5.8%
31.8%
Q3 25
8.6%
6.7%
Q2 25
10.3%
2.8%
Q1 25
5.4%
3.8%
Q4 24
-9.6%
6.0%
Q3 24
5.5%
3.9%
Q2 24
9.0%
6.5%
EPS (diluted)
SAM
SAM
TRN
TRN
Q1 26
$2.16
Q4 25
$-1.97
$2.25
Q3 25
$4.25
$0.37
Q2 25
$5.45
$0.17
Q1 25
$2.16
$0.26
Q4 24
$-3.23
$0.34
Q3 24
$2.86
$0.37
Q2 24
$4.39
$0.65

Balance Sheet & Financial Strength

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

Metric
SAM
SAM
TRN
TRN
Cash + ST InvestmentsLiquidity on hand
$164.1M
$201.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$682.6M
$1.1B
Total Assets
$1.2B
$8.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SAM
SAM
TRN
TRN
Q1 26
$164.1M
Q4 25
$223.4M
$201.3M
Q3 25
$250.5M
$66.3M
Q2 25
$212.4M
$147.7M
Q1 25
$152.5M
$94.9M
Q4 24
$211.8M
$228.2M
Q3 24
$255.6M
$222.4M
Q2 24
$219.3M
$257.1M
Stockholders' Equity
SAM
SAM
TRN
TRN
Q1 26
$682.6M
Q4 25
$846.3M
$1.1B
Q3 25
$911.0M
$1.0B
Q2 25
$912.3M
$1.0B
Q1 25
$897.0M
$1.1B
Q4 24
$916.2M
$1.1B
Q3 24
$1.0B
$1.1B
Q2 24
$1.0B
$1.1B
Total Assets
SAM
SAM
TRN
TRN
Q1 26
$1.2B
Q4 25
$1.2B
$8.4B
Q3 25
$1.2B
$8.9B
Q2 25
$1.3B
$8.8B
Q1 25
$1.2B
$8.7B
Q4 24
$1.3B
$8.8B
Q3 24
$1.4B
$8.8B
Q2 24
$1.4B
$9.0B

Cash Flow & Capital Efficiency

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

Metric
SAM
SAM
TRN
TRN
Operating Cash FlowLast quarter
$177.4M
Free Cash FlowOCF − Capex
$158.6M
FCF MarginFCF / Revenue
25.9%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
0.91×
TTM Free Cash FlowTrailing 4 quarters
$314.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SAM
SAM
TRN
TRN
Q1 26
Q4 25
$39.9M
$177.4M
Q3 25
$101.8M
$44.2M
Q2 25
$126.5M
$61.6M
Q1 25
$1.9M
$76.5M
Q4 24
$41.9M
$201.6M
Q3 24
$115.9M
$78.5M
Q2 24
$96.0M
$241.5M
Free Cash Flow
SAM
SAM
TRN
TRN
Q1 26
Q4 25
$22.1M
$158.6M
Q3 25
$89.2M
$35.3M
Q2 25
$112.2M
$52.9M
Q1 25
$-8.0M
$67.3M
Q4 24
$18.4M
$180.1M
Q3 24
$99.2M
$62.1M
Q2 24
$75.6M
$230.2M
FCF Margin
SAM
SAM
TRN
TRN
Q1 26
Q4 25
5.7%
25.9%
Q3 25
16.6%
7.8%
Q2 25
19.1%
10.5%
Q1 25
-1.8%
11.5%
Q4 24
4.6%
28.6%
Q3 24
16.4%
7.8%
Q2 24
13.1%
27.4%
Capex Intensity
SAM
SAM
TRN
TRN
Q1 26
Q4 25
4.6%
3.1%
Q3 25
2.3%
2.0%
Q2 25
2.4%
1.7%
Q1 25
2.2%
1.6%
Q4 24
5.8%
3.4%
Q3 24
2.8%
2.1%
Q2 24
3.5%
1.3%
Cash Conversion
SAM
SAM
TRN
TRN
Q1 26
Q4 25
0.91×
Q3 25
2.21×
1.46×
Q2 25
2.09×
4.37×
Q1 25
0.08×
3.46×
Q4 24
5.33×
Q3 24
3.46×
2.50×
Q2 24
1.83×
4.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SAM
SAM

Segment breakdown not available.

TRN
TRN

Manufacturing$296.5M49%
Leasing And Management$234.8M38%
Maintenance Services Domain$69.8M11%
Digital Logistics Services$11.2M2%

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