Dutch Bros (BROS) Operating Margin (2019 - 2025)

Dutch Bros has reported Operating Margin for 7 years, with the latest figure at 9.84% in FY2025.

• For the quarter ending Q1 2026, Operating Margin fell 136.0% year-over-year to 7.39%; the trailing twelve-month figure through Mar 2026 stood at 9.41% (up 121.0% YoY), and the FY2025 full-year result was 9.84%, up 156.0% from the prior year.
• Operating Margin for FY2025 stood at 9.84%, up from 8.28% in the prior year.
• The five-year high for Operating Margin was 9.84% in FY2025, with the low at 22.34% in FY2021.
• Historically, Operating Margin has averaged 0.04% across 5 years, with a median of 4.79% in 2023.
• Annual changes were most pronounced in 2021 — Operating Margin tumbled 2570 bps — and 2022, when it surged 2199 bps.
• Dutch Bros' Operating Margin stood at 22.34% in 2021, then jumped by 98 bps to 0.35% in 2022, then surged by 1454 bps to 4.79% in 2023, then soared by 73 bps to 8.28% in 2024, then grew by 19 bps to 9.84% in 2025.
• The last three Operating Margin figures came in at 9.84% (FY2025), 8.28% (FY2024), and 4.79% (FY2023), per Business Quant data.