What are Dutch Bros's profit margins?

Dutch Bros (BROS) runs a 25.3% gross margin and a 9.4% operating margin, with a 4.6% 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.

Dutch Bros BROS Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	25.3%-0.6pp	25.9%-0.4pp	26.3%-0.4pp	26.7%+0.4pp	26.3%-0.2pp
Operating margin	9.4%-0.4pp	9.8%+0.5pp	9.3%+0.1pp	9.2%+1.0pp	8.2%-0.1pp
Net margin	4.6%-0.3pp	4.9%+0.8pp	4%—	——	——
EBITDA margin	16.7%-0.2pp	16.9%+0.5pp	16.4%0.0pp	16.4%+1.0pp	15.4%-0.1pp
Free cash flow margin	5.2%+1.9pp	3.3%-0.9pp	4.3%-0.8pp	5%+2.6pp	2.4%+0.4pp
Returns
Return on equity	12.4%-0.7pp	13.1%+2.6pp	10.5%—	——	——
Return on assets	2.7%-0.2pp	2.9%+0.6pp	2.3%—	——	——
Return on invested capital	11.4%-0.6pp	12%+1.0pp	11%+0.4pp	10.6%+1.0pp	9.6%-0.5pp
Efficiency
Asset turnover	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×
Inventory turnover	34.5×+6.1×	28.4×+1.4×	27.1×+3.2×	23.9×-0.1×	24×+1.4×
Liquidity
Current ratio	1.3×-0.2×	1.5×0.0×	1.5×-0.1×	1.6×-0.3×	1.9×+0.2×
Quick ratio	1.2×-0.1×	1.3×0.0×	1.3×-0.1×	1.4×-0.3×	1.8×+0.2×
Cash ratio	1×-0.1×	1.1×-0.1×	1.2×-0.1×	1.3×-0.3×	1.6×+0.2×
Leverage
Debt-to-equity	1.6×0.0×	1.6×0.0×	1.6×0.0×	1.5×-0.2×	1.7×0.0×
Debt-to-assets	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.3×0.0×	0.4×0.0×
Net debt / EBITDA	3×+0.1×	3×-0.1×	3.1×0.0×	3.1×-0.3×	3.4×+0.1×
Per Share
Book value per share	$5.47+1.0%	$5.41+5.0%	$5.15+2.8%	$5.02+1.7%	$4.93-4.5%
Valuation
Market capitalization	$6.44B-17.2%	$7.78B+17.0%	$6.65B-25.6%	$8.93B+24.5%	$7.18B+20.4%
Enterprise value	$7.32B-14.9%	$8.6B+15.9%	$7.41B-23.3%	$9.66B+22.6%	$7.88B+19.2%
Price / earnings	79.9×-17.5×	97.4×-9.6×	107×—	——	——
Price / sales	3.7×-1.1×	4.7×+0.4×	4.3×-1.8×	6.2×+0.9×	5.3×+0.6×
Price / book	9.2×-2.2×	11.4×+1.3×	10.1×-3.9×	14×+2.1×	12×+0.9×
EV / EBITDA	25.1×-6.0×	31.1×+1.7×	29.4×-11.2×	40.6×+3.1×	37.6×+4.4×
EV / sales	4.2×-1.1×	5.2×+0.4×	4.8×-1.8×	6.7×+0.9×	5.8×+0.6×
Free cash flow yield	1.4%+0.7pp	0.7%-0.3pp	1%+0.2pp	0.8%+0.4pp	0.5%0.0pp
Earnings yield	1.3%+0.2pp	1%+0.1pp	0.9%—	——	——

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Questions, answered.

What are Dutch Bros's profit margins?: Dutch Bros (BROS) runs a 25.3% gross margin and a 9.4% operating margin, with a 4.6% 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.