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Molson Coors Beverage vs Boston Beer: TAP and SAM compared
Molson Coors Beverage is the larger company: $3.4B of revenue in its latest quarter (Q3 2026) against $520M for Boston Beer (Q3 2026). Molson Coors Beverage is growing faster (-2% against -3% a year earlier). Molson Coors Beverage is more profitable, with an operating margin of 11.5% against 10.8%.
Where the money goes: TAP and SAM
Molson Coors Beverage (TAP) · Q3 2026
Molson Coors Beverage, Q3 2026: revenue $3.4B (-2% year over year), operating margin 11.5%, net earnings $272M, operating cash flow $460M. 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.
| Molson Coors Beverage (TAP) | Boston Beer (SAM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.4B | $520M |
| Revenue growth, Y/Y | -2% | -3% |
| Gross margin | 30.3% | 51.7% |
| Operating margin | 11.5% | 10.8% |
| Net earnings | $272M | $43.2M |
| Net margin | 8.0% | 8.3% |
| Operating cash flow | $460M | $76.6M |
| Free cash flow | $326M | $68.3M |
| Market value | $8.4B | $2.3B |
| Analysts’ mean target | $43.43 | $198.85 |
Questions
Which is bigger, Molson Coors Beverage or Boston Beer?
Molson Coors Beverage is the larger company: $3.4B of revenue in its latest quarter (Q3 2026) against $520M for Boston Beer (Q3 2026).
Is Molson Coors Beverage or Boston Beer growing faster?
Molson Coors Beverage is growing faster (-2% against -3% a year earlier).
Which is more profitable, Molson Coors Beverage or Boston Beer?
Molson Coors Beverage is more profitable, with an operating margin of 11.5% against 10.8%.
More: Molson Coors Beverage earnings · how Molson Coors Beverage makes money · Boston Beer earnings · how Boston Beer makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 22, 2026). Fiscal quarters can end on different dates. Not investment advice.