Dutch Bros (BROS) Gross Margin (2020 - 2026)
Dutch Bros posted quarterly Gross Margin of 23.14% for Q1 2026, down 220.0% year-on-year from 19.29% in Q1 2025, and down 4.17% on a QoQ basis from 24.15% in Q4 2025.
Dutch Bros (BROS) has 7 years of Gross Margin data on file, last reported at 23.14% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 220.0% year-over-year to 23.14%; the trailing twelve-month figure through Mar 2026 stood at 25.26% (down 106.0% YoY), and the FY2025 full-year result was 25.88%, down 67.0% from the prior year.
- Gross Margin for Q1 2026 stood at 23.14%, down from 24.15% in the prior quarter.
- Across five years, Gross Margin topped out at 28.87% in Q2 2025 and bottomed at 20.37% in Q1 2022.
- The 5-year median for Gross Margin is 25.45% (2022), against an average of 25.48%.
- The widest annual swing landed in 2022, when Gross Margin sank 1280 bps; it then soared 436 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 26.93% in 2022, then retreated by 14 bps to 23.27% in 2023, then increased by 10 bps to 25.66% in 2024, then retreated by 6 bps to 24.15% in 2025, then dropped by 4 bps to 23.14% in 2026.
- The last three Gross Margin figures came in at 23.14% (Q1 2026), 24.15% (Q4 2025), and 25.21% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 98.63% |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 67.12% |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 84.44% |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 94.61% |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 98.82% |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 99.05% |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 86.00% |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 40.37% |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 290.04% |
| 10 | Dutch Bros | 7.47 Bn | 7.43 Bn | 107.48 Mn | 23.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.14% |
| Dec 31, 2025 | 24.15% |
| Sep 30, 2025 | 25.21% |
| Jun 30, 2025 | 28.87% |
| Mar 31, 2025 | 25.34% |
| Dec 31, 2024 | 25.66% |
| Sep 30, 2024 | 26.63% |
| Jun 30, 2024 | 27.79% |
| Mar 31, 2024 | 26.09% |
| Dec 31, 2023 | 23.27% |
| Sep 30, 2023 | 28.42% |
| Jun 30, 2023 | 28.51% |
| Mar 31, 2023 | 23.19% |
| Dec 31, 2022 | 26.93% |
| Sep 30, 2022 | 25.45% |
| Jun 30, 2022 | 24.15% |
| Mar 31, 2022 | 20.37% |
| Dec 31, 2021 | 24.46% |
| Sep 30, 2021 | 30.06% |
| Jun 30, 2021 | 36.95% |
| Mar 31, 2021 | 32.67% |
| Dec 31, 2020 | 28.75% |
| Sep 30, 2020 | 39.41% |