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Dutch Bros BROS Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin25.1%-1.6pp25.3%-1.1pp25.9%-0.7pp26.3%+0.2pp26.7%+0.2pp
Operating margin9.6%+0.3pp9.4%+1.2pp9.8%+1.6pp9.3%+1.5pp9.2%+1.7pp
Net margin4.9%+1.0pp4.6%+1.4pp4.9%+2.1pp4%3.9%
Returns
Return on equity12.9%+2.9pp12.4%+3.9pp13.1%+5.3pp10.5%10%
Return on invested capital11.7%+1.1pp11.4%+1.8pp12%+1.9pp11%+1.8pp10.6%+1.6pp
Efficiency
Asset turnover0.6×0.0×0.6×0.0×0.6×0.0×0.6×0.0×0.6×0.0×
Liquidity
Current ratio1.4×-0.3×1.3×-0.6×1.5×-0.3×1.5×-0.4×1.6×-0.5×
Leverage
Debt-to-equity1.5×0.0×1.6×-0.1×1.6×-0.2×1.6×-0.2×1.5×-0.2×
Net debt / EBITDA2.9×-0.1×-0.3×-0.3×3.1×-0.5×3.1×-0.9×
Per Share
Book value per share$5.92+18.0%$5.47+10.9%$5.41+4.9%$5.15+12.6%$5.02+0.8%
Valuation
Market capitalization$9.01B+22.8%$6.44B-10.3%$7.78B+30.4%$6.65B+82.3%$8.93B+127%
Price / earnings97.5×-30.6×79.9×-84.9×97.4×-71.7×107×156.1×
Price / sales4.8×-0.3×3.7×-1.6×4.7×+0.1×4.3×+1.3×6.2×+2.6×
Price / book11.3×-0.2×9.2×-2.7×11.4×+0.3×10.1×+3.2×14×+6.3×
EV / EBITDA31.6×-2.3×25.1×-12.5×31.1×-2.1×29.4×+5.5×40.6×+13.0×

FAQ

What are Dutch Bros's profit margins?
Dutch Bros (BROS) runs a 25.1% gross margin and a 9.6% operating margin, with a 4.9% net margin.
Where do Dutch Bros's ratios come from?
Every ratio is computed from Dutch Bros's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.