Dutch Bros (BROS) Net Margin (2020 - 2026)
Dutch Bros' (BROS) quarterly Net Margin came in at 5.1% in Q1 2026, down 123.0% YoY from 22.15% in Q1 2025, and down 22.47% on a QoQ basis from 6.57% in Q4 2025.
Dutch Bros (BROS) Net Margin (2020 - 2026) Analysis & Trends
Dutch Bros (BROS) has 7 years of Net Margin data on file, last reported at 5.1% in Q1 2026.
- Quarterly Net Margin fell 123.0% year-over-year to 5.1% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.78% (up 144.0% YoY) and the FY2025 annual result came in at 7.16%, up 197.0% from the prior year.
- Net Margin retreated to 5.1% in Q1 2026, from 6.57% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 9.22% in Q2 2025 to a low of 10.7% in Q1 2022.
- A 5-year average of 2.65% and a median of 5.07% in 2023 frame the typical range for Net Margin.
- The widest YoY moves for Net Margin: up 9081 bps in 2022, down 1014 bps in 2022.
- Tracing BROS's Net Margin over 5 years: stood at 1.4% in 2022, then fell by 6 bps to 1.48% in 2023, then surged by 225 bps to 1.86% in 2024, then surged by 254 bps to 6.57% in 2025, then slipped by 22 bps to 5.1% in 2026.
- The last three Net Margin figures came in at 5.1% (Q1 2026), 6.57% (Q4 2025), and 6.44% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 33.27% |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 11.21% |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 12.05% |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 39.33% |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 20.12% |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | -0.08% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 26.39% |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 8.35% |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 7.26% |
| 10 | Dutch Bros | 9.09 Bn | 8.99 Bn | 151.06 Mn | 9.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.37% |
| Mar 31, 2026 | 5.10% |
| Dec 31, 2025 | 6.57% |
| Sep 30, 2025 | 6.44% |
| Jun 30, 2025 | 9.22% |
| Mar 31, 2025 | 6.33% |
| Dec 31, 2024 | 1.86% |
| Sep 30, 2024 | 6.42% |
| Jun 30, 2024 | 6.82% |
| Mar 31, 2024 | 5.89% |
| Dec 31, 2023 | -1.48% |
| Sep 30, 2023 | 5.07% |
| Jun 30, 2023 | 3.89% |
| Mar 31, 2023 | -4.76% |
| Dec 31, 2022 | -1.40% |
| Sep 30, 2022 | 0.80% |
| Jun 30, 2022 | -0.94% |
| Mar 31, 2022 | -10.70% |
| Dec 31, 2021 | -5.83% |
| Sep 30, 2021 | -90.01% |