Dutch Bros (BROS) Net Margin (2020 - 2026)
Dutch Bros (BROS) posted Net Margin of 5.1% for Q1 2026, down 22.47% on a QoQ basis from 6.57% in Q4 2025, and down 123.0% year-over-year from 22.15% in Q1 2025.
Dutch Bros (BROS) Net Margin (2020 - 2026) Analysis & Trends
Dutch Bros' Net Margin history runs 7 years deep, the most recent figure standing at 5.1% for 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 was 5.1% for Q1 2026 at Dutch Bros, down from 6.57% in the prior quarter.
- Across five years, Net Margin topped out at 9.22% in Q2 2025 and bottomed at 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.
- Peak annual rise in Net Margin reached 9081 bps in 2022, while the deepest fall reached 1014 bps in 2022.
- Dutch Bros' Net Margin stood at 1.4% in 2022, then decreased by 6 bps to 1.48% in 2023, then jumped by 225 bps to 1.86% in 2024, then jumped by 254 bps to 6.57% in 2025, then declined by 22 bps to 5.1% in 2026.
- Business Quant data shows BROS's Net Margin at 5.1% in Q1 2026, 6.57% in Q4 2025, and 6.44% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 118.28 Bn | 116.58 Bn | 6.32 Bn | 5.36% |
| 2 | Yum Brands | 41.26 Bn | 40.58 Bn | 1.38 Bn | 20.98% |
| 3 | Chipotle Mexican Grill | 41.21 Bn | 40.34 Bn | 2.61 Bn | 9.81% |
| 4 | Restaurant Brands International | 25.26 Bn | 24.25 Bn | 2.14 Bn | 14.93% |
| 5 | Darden Restaurants | 22.64 Bn | 22.40 Bn | 3.31 Bn | -0.11% |
| 6 | Yum China Holdings | 15.35 Bn | 13.92 Bn | 2.31 Bn | 10.06% |
| 7 | Texas Roadhouse | 12.76 Bn | 12.54 Bn | 1.40 Bn | 7.56% |
| 8 | Dominos Pizza | 11.11 Bn | 10.98 Bn | 478.23 Mn | 11.37% |
| 9 | Dutch Bros | 8.18 Bn | 7.92 Bn | 107.48 Mn | 5.10% |
| 10 | Brinker International | 8.13 Bn | 8.07 Bn | 1.10 Bn | 8.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 9.20% |