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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Dutch Bros (BROS) Gross Margin (2020 - 2025)

Dutch Bros' Gross Margin history spans 6 years, with the latest figure at 24.15% for Q4 2025.

  • For Q4 2025, Gross Margin fell 151.0% year-over-year to 24.15%; the TTM value through Dec 2025 reached 25.88%, down 67.0%, while the annual FY2025 figure was 25.88%, 67.0% down from the prior year.
  • Gross Margin reached 24.15% in Q4 2025 per BROS's latest filing, down from 25.21% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 36.95% in Q2 2021 to a low of 20.37% in Q1 2022.
  • Average Gross Margin over 5 years is 26.71%, with a median of 25.87% recorded in 2024.
  • Peak YoY movement for Gross Margin: plummeted -1280bps in 2022, then skyrocketed 436bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 24.46% in 2021, then increased by 10bps to 26.93% in 2022, then decreased by -14bps to 23.27% in 2023, then rose by 10bps to 25.66% in 2024, then decreased by -6bps to 24.15% in 2025.
  • Per Business Quant, the three most recent readings for BROS's Gross Margin are 24.15% (Q4 2025), 25.21% (Q3 2025), and 28.87% (Q2 2025).