10 Best Alcohol Stocks to Buy According to Billionaires

2. The Boston Beer Company, Inc. (NYSE:SAM)

Number of Billionaire Holders: 13

A pioneer of the American craft brewing revolution, The Boston Beer Company, Inc. (NYSE:SAM) is one of the largest American-owned beer companies, best known for its flagship brands such as Samuel Adams and Truly Hard Seltzer.

The Boston Beer Company, Inc. (NYSE:SAM) topped revenue estimates in Q4 2024, with sales of $402.3 million, surpassing the expected $389 million. However, the company reported a loss per share of $1.68, worse than the anticipated loss of $1.31, largely due to a $26 million contract settlement. The company ended 2024 with a cash balance of $212 million and zero debt, a rarity among the massive global beer conglomerates. Moreover, the business continues to be highly cash generative with free cash flow of $173 million in 2024, allowing it to repurchase $239 million during the year. As of February 21, 2025, TBBC had approximately $398 million remaining on the $1.6 billion repurchasing authorization.

The Boston Beer Company, Inc. (NYSE:SAM) remains a clear leader in the hard tea category and its Twisted Tea Brand enjoys a strong 84% market share, with the next best-selling competitor brand limited to a low single-digit share in the market. The company plans significant capital expenditures between $90 million and $110 million in 2025, primarily to reinforce its infrastructure and advertising to boost brand performance.