This paper deals with analysis of foam core sandwich beams subject to static indentation and subsequent unloading (removal of load). Sandwich beams are assumed continuously supported by a rigid platen to eliminate global bending. An analytical model is presented assuming an elastic-perfectly plastic compressive behaviour of the foam core. An elastic part of indentation response is described using the Winkler foundation model. Upon removal of the load, an elastic unloading response of the foam core is assumed. Also, finite element (FE) analysis of static indentation and unloading of sandwich beams is performed using the FE code ABAQUS. The foam core is modelled using the crushable foam material model. To obtain input data for the analytical model and to calibrate the crushable foam model in FE analysis, the response of the foam core is experimentally characterized in uniaxial compression, up to densification, with subsequent unloading and tension until tensile fracture. Both models can predict load-displacement response of sandwich beams under static indentation and a residual dent magnitude in the face sheet after unloading along with residual strain levels in the foam core at the unloaded equilibrium state. The analytical and FE analyses are experimentally verified through static indentation tests of composite sandwich beams with two different foam cores. The load-displacement response, size of a crushed core zone and the depth of a residual dent are measured in the testing. A digital speckle photography technique is also used in the indentation tests in order to measure the strain levels in the crushed core zone. The experimental results are in good agreement with the analytical and FE analyses.