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%-1.1pp	25.9%-0.7pp	26.3%+0.2pp	26.7%+0.2pp	26.3%-0.3pp
Operating margin	9.4%+1.2pp	9.8%+1.6pp	9.3%+1.5pp	9.2%—	8.2%—
Net margin	4.6%—	4.9%—	4%—	——	——
Returns
Return on equity	12.4%—	13.1%—	10.5%—	——	——
Return on invested capital	11.4%+1.8pp	12%+1.9pp	11%+1.8pp	10.6%—	9.6%—
Efficiency
Asset turnover	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×-0.1×
Liquidity
Current ratio	1.3×-0.6×	1.5×-0.3×	1.5×-0.4×	1.6×-0.5×	1.9×-0.3×
Leverage
Debt-to-equity	1.6×-0.1×	1.6×-0.2×	1.6×-0.2×	1.5×-0.2×	1.7×-0.4×
Net debt / EBITDA	3×-0.3×	3×-0.3×	3.1×-0.5×	3.1×—	3.4×—
Per Share
Book value per share	$5.47+10.9%	$5.41+4.9%	$5.15+12.6%	$5.02+0.8%	$4.93-1.4%
Valuation
Market capitalization	$6.44B-10.3%	$7.78B+30.4%	$6.65B+82.3%	$8.93B+127%	$7.18B+133%
Price / earnings	79.9×—	97.4×—	107×—	——	——
Price / sales	3.7×-1.6×	4.7×+0.1×	4.3×+1.3×	6.2×+2.6×	5.3×+2.3×
Price / book	9.2×-2.7×	11.4×+0.3×	10.1×+3.2×	14×+6.3×	12×+4.6×
EV / EBITDA	25.1×-12.5×	31.1×-2.1×	29.4×+5.5×	40.6×—	37.6×—

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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.