HIGHBuilt-inGeographic
94%
United States
“10-K Item 1A: 'In the United States, where approximately 94% of its beverages are sold'”
SAM · Concentration risk · 10-K extracted
Boston Beer Company, Inc. (The) (SAM) concentration risks
Updated
The most significant concentration Boston Beer Company, Inc. (The) discloses is United States at 94%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Boston Beer Company, Inc. (The)’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
single-sourced flavorings
“10-K Item 1A: 'some of these flavorings are single sourced. Twisted Tea and Truly Hard Seltzer brand beverages are particularly reliant on the use of flavorings'”
LOWOutside partySupplier
14%
City Brewing Company
“10-K Item 1A: 'approximately 14% of the Company's annual domestic shipment volume was produced under production service agreements with City Brewing Company, LLC and its subsidiaries'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile combines a high-share domestic geographic concentration, a high-share supplier dependency for certain flavorings, and a low-share contract manufacturing exposure — a layered set of risks that are each structural or dependency in character. The most prominent exposure is geographic: approximately 94% of beverages are sold in the United States, a high share by disclosed size that is structural in character, reflecting the company's domestic-first operating model and distribution footprint. The practical implication is that results are highly sensitive to U.S. consumer preferences, domestic regulatory conditions, and competitive dynamics in the American better-for-you beverage market, with limited international diversification to offset any domestic volume weakness. On the supply side, some flavorings are single-sourced, with the Twisted Tea and Truly Hard Seltzer brand beverages particularly reliant on specific flavorings. This is a high-share dependency in character — single-source flavoring arrangements mean the company cannot easily substitute if a supplier experiences a production disruption, raises prices, or exits the relationship, and the named brands make this exposure more concentrated than a generic flavoring reliance would be. A lower-share manufacturing dependency also exists: approximately 14% of annual domestic shipment volume was produced under production service agreements with City Brewing Company, LLC and its subsidiaries — a low share by disclosed size and dependency in character. While a relatively modest portion of total volume, it adds an external production counterparty whose capacity and commercial terms can affect delivery timelines and cost. Together, the profile is characterized by domestic concentration on the demand side and specific ingredient and contract manufacturing dependencies on the supply side.
For the engine’s reasoning on SAM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Beverages - Brewers
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| SAM● | Boston Beer Company, Inc. (The) | 2 | 0 | 1 | 3 |
| STZ | Constellation Brands, Inc. | 0 | 3 | 0 | 3 |
| TAP | Molson Coors Beverage Company | 0 | 0 | 0 | 0 |
| TAP-A | Molson Coors Beverage Company | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.