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Dutch Bros BROS Debt-to-equity

Debt-to-equity at other companies

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1.3×0.0×
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Restaurant Brands InternationalQSR
4.2×-0.9×
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Keurig Dr PepperKDP
+0.4×
Coca-Cola logo
Coca-ColaKO
1.3×-0.6×

Other financials

Income statement

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Revenue$464.4M+30.8%
Gross profit$107.5M+19.4%
Operating income$34.3M+10.4%
Net income$16.1M+4.8%
EPS (diluted)$0.130.0%

Balance sheet

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Cash & equivalents$263.5M-16.7%
Total debt$1.1B+12.1%
Total equity$696.4M+16.3%
Total assets$3.1B+12.3%

Cash flow

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Operating cash flow$84.7M+130%
CapEx$57.0M+25.1%
Free cash flow$27.7M+420%

Valuation

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Market cap$9.7B-10.3%
Enterprise value$10.58B-7.2%
P/E120.4×-128×
P/S5.6×-2.4×

Profitability

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Gross margin25.3%-1.1pp
Operating margin9.4%+1.2pp
Net margin4.6%+1.4pp
FCF margin5.2%+2.8pp

Returns & leverage

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Return on equity12.4%+3.9pp
Current ratio1.3×-0.6×

Where this comes from

Calculated from Dutch Bros’s reported figures.

Based on the most recent quarter.

The official record: Dutch Bros’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Dutch Bros's debt-to-equity?
Dutch Bros (BROS) reported debt-to-equity of 1.6× in Q1 2026.
How has Dutch Bros's debt-to-equity changed year-over-year?
Dutch Bros's debt-to-equity decreased by 3.6% year-over-year, from 1.7× to 1.6×.
What is the long-term trend for Dutch Bros's debt-to-equity?
Over 5 years (2020 to 2025), Dutch Bros's debt-to-equity has grown at a 31.9% compound annual growth rate (CAGR), from 0.4× to 1.6×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.