Dutch Bros (BROS) Gross Margin (2020 - 2026)
Dutch Bros' Gross Margin came in at 27.42% for Q2 2026, down 1.45 percentage points from 28.87% a year earlier but up 4.28 percentage points from the prior quarter.
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Analysis
Dutch Bros (BROS) Gross Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Dutch Bros reported Gross Margin of 25.10%, down 1.63 percentage points year-over-year; for FY2025, it was 25.88%, down 0.67 percentage points from FY2024.
- Gross Margin carries a five-year change of -9.53 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 26.55% in FY2024 (+0.53 pp), 26.02% in FY2023 (+1.54 pp), 24.48% in FY2022 (-6.31 pp) and 30.79% in FY2021 (-4.62 pp).
- The five-year range for quarterly Gross Margin is 20.37% (Q1 2022) to 30.06% (Q3 2021).
- Year-over-year, Gross Margin has declined for four consecutive quarters, with an average year-over-year change of -0.71 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q2 2023 (a gain of 4.36 percentage points), and the weakest in Q2 2022 (a drop of 12.80 percentage points).
- Business Quant data shows BROS's Gross Margin at 23.14% (Q1 2026), 24.15% (Q4 2025) and 25.21% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 171.96 Bn | 166.78 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 110.34 Bn | 97.96 Bn | - | - |
| 3 | Yum Brands | 41.48 Bn | 38.36 Bn | 1.47 Bn | 67.73% |
| 4 | Chipotle Mexican Grill | 39.00 Bn | 34.98 Bn | - | - |
| 5 | Restaurant Brands International | 25.80 Bn | 21.35 Bn | 1.38 Bn | 54.64% |
| 6 | Darden Restaurants | 24.38 Bn | 23.48 Bn | 1.68 Bn | 52.65% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 54.64% |
| 8 | Yum China Holdings | 15.57 Bn | 9.23 Bn | 537.00 Mn | 17.11% |
| 9 | Texas Roadhouse | 11.21 Bn | 10.55 Bn | - | - |
| 10 | Dutch Bros | 5.53 Bn | 4.46 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();