Dutch Bros (BROS) Gross Margin (2020 - 2026)
Dutch Bros' (BROS) quarterly Gross Margin came in at 27.42% in Q2 2026, down 145.0% on a YoY basis from 60.94% in Q2 2025, and up 18.49% quarter-over-quarter from 23.14% in Q1 2026.
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Analysis
Dutch Bros (BROS) Gross Margin (2020 - 2026) Analysis & Trends
Dutch Bros (BROS) has reported Gross Margin for 7 consecutive years, with 27.42% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 145.0% year-over-year to 27.42%; the trailing twelve-month figure through Jun 2026 stood at 25.1% (down 163.0% YoY), and the FY2025 full-year result was 25.88%, down 67.0% from the prior year.
- Gross Margin climbed to 27.42% in Q2 2026 per BROS's latest filing, from 23.14% 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.
- Historically, Gross Margin has averaged 25.59% across 5 years, with a median of 25.55% in 2022.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 1280 bps in 2022, then jumped 436 bps in 2023.
- Over 5 years, Gross Margin stood at 26.93% in 2022, then decreased by 14 bps to 23.27% in 2023, then rose by 10 bps to 25.66% in 2024, then decreased by 6 bps to 24.15% in 2025, then advanced by 14 bps to 27.42% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 27.42%, 23.14%, and 24.15% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 168.67 Bn | 167.85 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 107.32 Bn | 103.72 Bn | 6.49 Bn | 69.66% |
| 3 | Chipotle Mexican Grill | 41.40 Bn | 40.73 Bn | 2.35 Bn | 70.33% |
| 4 | Yum Brands | 38.39 Bn | 37.72 Bn | 1.47 Bn | 67.73% |
| 5 | Restaurant Brands International | 25.02 Bn | 25.51 Bn | 1.89 Bn | 74.80% |
| 6 | Darden Restaurants | 24.39 Bn | 24.17 Bn | 3.68 Bn | 98.84% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 15.95 Bn | 1.89 Bn | 74.80% |
| 8 | Yum China Holdings | 14.09 Bn | 13.41 Bn | 2.22 Bn | 70.75% |
| 9 | Texas Roadhouse | 10.81 Bn | 10.63 Bn | 1.44 Bn | 85.89% |
| 10 | Dutch Bros | 6.71 Bn | 6.62 Bn | 151.06 Mn | 27.42% |
Historic Data
Download Data
Historic 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% |
API Access
Dutch Bros Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BROS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BROS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BROS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();