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Dutch Bros BROS Gross margin

Gross margin at other companies

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Yum! BrandsYUM
68.9%-2.2pp
The J.M. Smucker Company logo
The J.M. Smucker CompanySJM
33.5%-5.3pp
Restaurant Brands International logo
Restaurant Brands InternationalQSR
65.3%+0.9pp
Keurig Dr Pepper logo
Keurig Dr PepperKDP
53.8%-1.5pp
Coca-Cola logo
Coca-ColaKO
61.7%+0.7pp

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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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
Debt / equity1.6×-0.1×
Current ratio1.3×-0.6×

Where this comes from

Calculated from Dutch Bros’s reported figures.

Based on trailing twelve months.

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 gross margin?
Dutch Bros (BROS) reported gross margin of 25.3% in Q1 2026.
How has Dutch Bros's gross margin changed year-over-year?
Dutch Bros's gross margin decreased by 4.0% year-over-year, from 26.3% to 25.3%.
What is the long-term trend for Dutch Bros's gross margin?
Over 4 years (2021 to 2025), Dutch Bros's gross margin has grown at a -4.3% compound annual growth rate (CAGR), from 30.8% to 25.9%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.