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Anheuser-Busch InBev SA vs Boston Beer: BUD and SAM compared
Anheuser-Busch InBev SA is the larger company: $15.0B of revenue in its latest quarter (Q2 2026) against $520M for Boston Beer (Q3 2026). Boston Beer is more profitable, with an operating margin of 10.8% against 6.2%.
Where the money goes: BUD and SAM
Anheuser-Busch InBev SA (BUD) · Q2 2026
Anheuser-Busch InBev SA, Q2 2026: revenue $15.0B, operating margin 6.2%, net earnings $1.7B. The chart follows the revenue to costs, profit and cash.
Boston Beer (SAM) · Q3 2026
Boston Beer, Q3 2026: revenue $520M (-3% year over year), operating margin 10.8%, net earnings $43.2M, operating cash flow $76.6M. The chart follows the revenue to costs, profit and cash.
| Anheuser-Busch InBev SA (BUD) | Boston Beer (SAM) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $15.0B | $520M |
| Revenue growth, Y/Y | — | -3% |
| Gross margin | 56.3% | 51.7% |
| Operating margin | 6.2% | 10.8% |
| Net earnings | $1.7B | $43.2M |
| Net margin | 11.2% | 8.3% |
| Operating cash flow | — | $76.6M |
| Free cash flow | — | $68.3M |
| Market value | — | $2.3B |
| Analysts’ mean target | — | $198.85 |
Questions
Which is bigger, Anheuser-Busch InBev SA or Boston Beer?
Anheuser-Busch InBev SA is the larger company: $15.0B of revenue in its latest quarter (Q2 2026) against $520M for Boston Beer (Q3 2026).
Is Anheuser-Busch InBev SA or Boston Beer growing faster?
Boston Beer is more profitable, with an operating margin of 10.8% against 6.2%.
More: Anheuser-Busch InBev SA earnings · how Anheuser-Busch InBev SA makes money · Boston Beer earnings · how Boston Beer makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Jul 30, 2026; 10-Q filed Oct 22, 2026). Fiscal quarters can end on different dates. Not investment advice.