Dutch Bros BROS Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 25.9%-0.7pp | 26.5%+0.5pp | 26%+1.5pp | 24.5%-6.3pp | |
| Operating margin | 9.8%+1.6pp | 8.3%+3.5pp | 4.8%— | —— | |
| Net margin | 4.9%+2.1pp | 2.8%— | —— | -0.6%+11.7pp | |
| EBITDA margin | 16.9%+1.3pp | 15.5%+3.6pp | 11.9%— | —— | |
| Free cash flow margin | 3.3%+1.4pp | 1.9%+11.1pp | -9.2%+8.2pp | -17.3%-9.7pp | |
| Returns | |||||
| Return on equity | 13.1%+5.3pp | 7.8%— | —— | -4.3%+68.0pp | |
| Return on assets | 2.9%+1.2pp | 1.7%— | —— | -0.5%+14.6pp | |
| Return on invested capital | 12%+1.9pp | 10.1%+4.1pp | 6%— | —— | |
| Efficiency | |||||
| Asset turnover | 0.6×0.0× | 0.6×-0.1× | 0.7×-0.2× | 0.8×-0.4× | |
| Inventory turnover | 28.4×+5.9× | 22.6×+6.0× | 16.6×-1.3× | 17.8×+0.1× | |
| Liquidity | |||||
| Current ratio | 1.5×-0.3× | 1.8×+0.3× | 1.5×+1.1× | 0.4×-0.1× | |
| Quick ratio | 1.3×-0.3× | 1.6×+0.4× | 1.1×+0.9× | 0.2×-0.1× | |
| Cash ratio | 1.1×-0.3× | 1.4×+0.5× | 1×+0.9× | 0.1×0.0× | |
| Leverage | |||||
| Debt-to-equity | 1.6×-0.2× | 1.8×-0.1× | 1.9×-2.1× | 4×+3.9× | |
| Debt-to-assets | 0.4×0.0× | 0.4×0.0× | 0.4×-0.1× | 0.4×+0.4× | |
| Net debt / EBITDA | 3×-0.3× | 3.3×-1.4× | 4.7×— | —— | |
| Per Share | |||||
| Book value per share | $5.41+4.9% | $5.16-12.1% | $5.87+136% | $2.49+20.8% | |
| Valuation | |||||
| Market capitalization | $7.78B+30.4% | $5.96B+150% | $2.39B+46.2% | $1.63B-35.7% | |
| Enterprise value | $8.6B+30.0% | $6.61B+126% | $2.93B+37.8% | $2.13B-15.8% | |
| Price / earnings | 97.4×-71.7× | 169.1×— | —— | —— | |
| Price / sales | 4.7×+0.1× | 4.7×+2.2× | 2.5×+0.3× | 2.2×-2.9× | |
| Price / book | 11.4×+0.3× | 11.1×+4.5× | 6.6×-6.1× | 12.7×-14.2× | |
| EV / EBITDA | 31.1×-2.1× | 33.2×+7.8× | 25.4×— | —— | |
| EV / sales | 5.2×+0.1× | 5.2×+2.1× | 3×+0.2× | 2.9×-2.2× | |
| Free cash flow yield | 0.7%+0.3pp | 0.4%+4.1pp | -3.7%+4.1pp | -7.8%-6.3pp | |
| Earnings yield | 1%+0.4pp | 0.6%— | —— | -0.3%+2.1pp | |
| PEG ratio | 0.8×— | —— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
