Dutch Bros (BROS) Gross Margin (2020 - 2026)
Dutch Bros' (BROS) quarterly Gross Margin came in at 23.14% in Q1 2026, down 220.0% YoY from 19.29% in Q1 2025, and down 4.17% on a QoQ basis from 24.15% in Q4 2025.
Dutch Bros (BROS) Gross Margin (2020 - 2026) Analysis & Trends
Dutch Bros (BROS) has 7 years of Gross Margin data on file, last reported at 23.14% in Q1 2026.
- Quarterly Gross Margin fell 220.0% year-over-year to 23.14% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 25.26% (down 106.0% YoY) and the FY2025 annual result came in at 25.88%, down 67.0% from the prior year.
- Gross Margin declined to 23.14% in Q1 2026, from 24.15% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 28.87% in Q2 2025 to a low of 20.37% in Q1 2022.
- A 5-year average of 25.48% and a median of 25.45% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 1280 bps — and 2023, when it soared 436 bps.
- Tracing BROS's Gross Margin over 5 years: stood at 26.93% in 2022, then fell by 14 bps to 23.27% in 2023, then grew by 10 bps to 25.66% in 2024, then fell by 6 bps to 24.15% in 2025, then slipped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 69.66% |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 70.33% |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 67.73% |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 74.80% |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 98.84% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 74.80% |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 70.75% |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 85.89% |
| 10 | Dutch Bros | 9.09 Bn | 8.99 Bn | 151.06 Mn | 27.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.42% |
| 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% |