Dutch Bros (BROS) Operating Margin (2020 - 2026)
Dutch Bros' (BROS) quarterly Operating Margin came in at 12.78% in Q2 2026, down 36.0% on a YoY basis from 19.97% in Q2 2025, and up 73.05% quarter-over-quarter from 7.39% in Q1 2026.
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Dutch Bros (BROS) Operating Margin (2020 - 2026) Analysis & Trends
Dutch Bros (BROS) has reported Operating Margin for 7 consecutive years, with 12.78% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 36.0% year-over-year to 12.78%; the trailing twelve-month figure through Jun 2026 stood at 9.57% (up 34.0% YoY), and the FY2025 full-year result was 9.84%, up 156.0% from the prior year.
- Operating Margin grew to 12.78% in Q2 2026 per BROS's latest filing, from 7.39% in the prior quarter.
- Across five years, Operating Margin topped out at 13.15% in Q2 2025 and bottomed at 9.35% in Q1 2022.
- Historically, Operating Margin has averaged 5.97% across 5 years, with a median of 7.75% in 2025.
- The widest YoY moves for Operating Margin: up 9095 bps in 2022, down 960 bps in 2022.
- Over 5 years, Operating Margin stood at 1.87% in 2022, then plunged by 54 bps to 0.86% in 2023, then jumped by 437 bps to 4.6% in 2024, then surged by 66 bps to 7.66% in 2025, then surged by 67 bps to 12.78% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 12.78%, 7.39%, and 7.66% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 168.67 Bn | 167.85 Bn | 6.42 Bn | 47.02% |
| 2 | Starbucks | 107.32 Bn | 103.72 Bn | 6.49 Bn | 10.52% |
| 3 | Chipotle Mexican Grill | 41.40 Bn | 40.73 Bn | 2.35 Bn | 15.70% |
| 4 | Yum Brands | 38.39 Bn | 37.72 Bn | 1.47 Bn | 30.20% |
| 5 | Restaurant Brands International | 25.02 Bn | 25.51 Bn | 1.89 Bn | 28.41% |
| 6 | Darden Restaurants | 24.39 Bn | 24.17 Bn | 3.68 Bn | 13.90% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 15.95 Bn | 1.89 Bn | 28.41% |
| 8 | Yum China Holdings | 14.09 Bn | 13.41 Bn | 2.22 Bn | 11.09% |
| 9 | Texas Roadhouse | 10.81 Bn | 10.63 Bn | 1.44 Bn | 8.50% |
| 10 | Dutch Bros | 6.71 Bn | 6.62 Bn | 151.06 Mn | 12.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.78% |
| Mar 31, 2026 | 7.39% |
| Dec 31, 2025 | 7.66% |
| Sep 30, 2025 | 9.79% |
| Jun 30, 2025 | 13.15% |
| Mar 31, 2025 | 8.75% |
| Dec 31, 2024 | 4.60% |
| Sep 30, 2024 | 9.61% |
| Jun 30, 2024 | 9.91% |
| Mar 31, 2024 | 9.30% |
| Dec 31, 2023 | 0.86% |
| Sep 30, 2023 | 9.34% |
| Jun 30, 2023 | 7.84% |
| Mar 31, 2023 | -0.12% |
| Dec 31, 2022 | 1.87% |
| Sep 30, 2022 | 2.61% |
| Jun 30, 2022 | 1.43% |
| Mar 31, 2022 | -9.35% |
| Dec 31, 2021 | -5.06% |
| Sep 30, 2021 | -88.35% |
API Access
Dutch Bros Operating 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=operating-margin&ticker=BROS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=BROS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();