Dutch Bros reported a gross margin of 27.42% and a net margin of 9.37% for the quarter ended Jun 2026. These financial ratios cover 24 quarters of results from Sep 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||||
| Gross Margin | 30.06% | 24.46% | 20.37% | 24.15% | 25.45% | 26.93% | 23.19% | 28.51% | 28.42% | 23.27% | 26.09% | 27.79% | 26.63% | 25.66% | 25.34% | 28.87% | 25.21% | 24.15% | 23.14% | 27.42% | ||||
| EBT Margin | -90.99% | -6.48% | -10.84% | -0.46% | -0.89% | 1.23% | -3.45% | 4.63% | 5.76% | -1.20% | 9.08% | 8.01% | 7.81% | 2.18% | 6.74% | 10.97% | 8.25% | 7.02% | 5.81% | 11.66% | ||||
| EBIT Margin | -88.35% | -5.06% | -9.35% | 1.43% | 2.61% | 1.87% | -0.12% | 7.84% | 9.34% | 0.86% | 9.30% | 9.91% | 9.61% | 4.60% | 8.75% | 13.15% | 9.79% | 7.66% | 7.39% | 12.78% | ||||
| EBITDA Margin | -88.35% | -5.06% | -9.35% | 1.43% | 2.61% | 1.87% | -0.12% | 7.84% | 9.34% | 0.86% | 9.30% | 9.91% | 9.61% | 4.60% | 8.75% | 13.15% | 9.79% | 7.66% | 7.39% | 12.78% | ||||
| Operating Margin | -88.35% | -5.06% | -9.35% | 1.43% | 2.61% | 1.87% | -0.12% | 7.84% | 9.34% | 0.86% | 9.30% | 9.91% | 9.61% | 4.60% | 8.75% | 13.15% | 9.79% | 7.66% | 7.39% | 12.78% | ||||
| Net Margin | -90.01% | -5.83% | -10.70% | -0.94% | 0.80% | -1.40% | -4.76% | 3.89% | 5.07% | -1.48% | 5.89% | 6.82% | 6.42% | 1.86% | 6.33% | 9.22% | 6.44% | 6.57% | 5.10% | 9.37% | ||||
| FCF Margin | -17.81% | -25.88% | -26.77% | -14.17% | -12.45% | -17.90% | -20.38% | -6.51% | -6.19% | -6.18% | -5.91% | -1.51% | 7.81% | 5.68% | -2.44% | 8.58% | 4.47% | 1.91% | 5.97% | 7.25% | ||||
| Efficiency | ||||||||||||||||||||||||
| Inventory AverageInventory Avg. | 0.02B | 0.03B | 0.03B | 0.03B | 0.04B | 0.04B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.05B | 0.04B | 0.04B | |||||
| Assets AverageAssets Avg. | 0.53B | 0.72B | 0.92B | 1.04B | 1.16B | 1.23B | 1.32B | 1.50B | 1.70B | 1.92B | 2.23B | 2.40B | 2.47B | 2.63B | 2.79B | 2.87B | 2.97B | 3.06B | 3.24B | |||||
| Invested CapitalInvested Cap. | 0.25B | 0.28B | 0.34B | 0.37B | 0.43B | 0.46B | 0.50B | 0.55B | 0.77B | 0.77B | 0.96B | 0.99B | 1.01B | 1.00B | 1.10B | 1.04B | 1.07B | 1.10B | 1.13B | 1.18B | ||||
| Asset Utilization RatioAsset Util. | 0.94 | 0.77 | 0.66 | 0.65 | 0.64 | 0.64 | 0.64 | 0.61 | 0.57 | 0.54 | 0.50 | 0.50 | 0.52 | 0.52 | 0.52 | 0.54 | 0.55 | 0.57 | 0.58 | |||||
| Leverage & Solvency | ||||||||||||||||||||||||
| Debt Ratio | 0.07 | 0.12 | 0.14 | 0.15 | 0.17 | 0.17 | 0.20 | 0.20 | 0.06 | 0.06 | 0.13 | 0.11 | 0.11 | 0.09 | 0.11 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | ||||
| Dividends & Payouts | ||||||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | -27.82 | 31.60 | 5.30 | 5.59 | 3.06 | |||||||||||||||||||
| FCF Payout RatioFCF Cover | -0.18 | 0.03 | 0.06 | 0.19 | 0.42 | |||||||||||||||||||
| Dividend YieldDiv. Yield | 0.06% | 0.01% | 0.01% | 0.06% | 0.13% | |||||||||||||||||||
| Payout Ratio | -0.04 | 0.03 | 0.19 | 0.18 | 0.33 | |||||||||||||||||||
| Valuation | ||||||||||||||||||||||||
| Price to EarningsP/E | -60.64 | -0.00B | -555.80 | -0.00B | 0.00B | -0.00B | -551.81 | 480.00 | 307.28 | -0.00B | 360.58 | 288.11 | 227.47 | 0.00B | 446.93 | 293.20 | 315.62 | 345.51 | 352.77 | 243.04 | ||||
| Price to SalesP/S | 54.58 | 59.44 | 59.46 | 27.80 | 25.67 | 22.87 | 26.27 | 18.65 | 15.57 | 22.07 | 21.25 | 19.65 | 14.60 | 23.56 | 28.29 | 27.05 | 20.33 | 22.71 | 17.98 | 22.77 | ||||
| Price to BookP/B | 33.32 | 38.95 | 42.39 | 23.31 | 20.92 | 18.32 | 20.84 | 17.26 | 6.14 | 8.30 | 8.40 | 8.75 | 6.56 | 10.57 | 12.62 | 13.49 | 9.95 | 11.22 | 9.07 | 12.86 | ||||
| Enterprise Value | 7.17B | 8.43B | 9.13B | 5.27B | 5.18B | 4.72B | 5.29B | 4.77B | 4.31B | 5.79B | 5.86B | 6.34B | 4.89B | 8.01B | 9.93B | 11.19B | 8.55B | 10.02B | 8.31B | 12.45B | ||||
| EV to EBIT | -62.56 | -0.00B | -641.77 | 0.00B | 0.00B | 0.00B | -0.00B | 243.72 | 174.42 | 0.00B | 229.21 | 197.09 | 150.30 | 507.69 | 319.51 | 204.72 | 206.13 | 295.09 | 242.23 | 176.85 | ||||
| EV to EBITDA | -62.56 | -0.00B | -641.77 | 0.00B | 0.00B | 0.00B | -0.00B | 243.72 | 174.42 | 0.00B | 229.21 | 197.09 | 150.30 | 507.69 | 319.51 | 204.72 | 206.13 | 295.09 | 242.23 | 176.85 | ||||
| Market Capitalization | 7.08B | 8.33B | 9.05B | 5.18B | 5.10B | 4.61B | 5.18B | 4.66B | 4.12B | 5.61B | 5.85B | 6.38B | 4.94B | 8.08B | 10.05B | 11.25B | 8.61B | 10.07B | 8.35B | 12.54B | ||||
| Price to FCFP/FCF | -306.44 | -229.66 | -222.10 | -196.22 | -206.26 | -127.73 | -128.89 | -286.70 | -251.67 | -356.92 | -359.39 | -0.00B | 187.03 | 414.90 | -0.00B | 315.14 | 455.13 | 0.00B | 301.11 | 314.19 | ||||
| EV to FCF | -310.28 | -232.44 | -224.10 | -199.76 | -209.64 | -130.57 | -131.53 | -293.53 | -263.24 | -368.25 | -360.38 | -0.00B | 185.07 | 411.46 | -0.00B | 313.56 | 452.03 | 0.00B | 299.69 | 311.90 | ||||
| EV to CFO | 445.44 | 0.00B | -0.00B | 301.94 | 198.93 | 275.65 | 0.00B | 111.59 | 87.79 | 128.58 | 142.33 | 106.54 | 58.55 | 128.71 | 269.16 | 124.47 | 95.96 | 125.83 | 98.07 | 110.96 | ||||
| Return Ratios | ||||||||||||||||||||||||
| Return on Sales [ROS]ROS | -88.35% | -5.06% | -9.35% | 1.43% | 2.61% | 1.87% | -0.12% | 7.84% | 9.34% | 0.86% | 9.30% | 9.91% | 9.61% | 4.60% | 8.75% | 13.15% | 9.79% | 7.66% | 7.39% | 12.78% | ||||
| Return on Capital Employed [ROCE]ROCE | -28.52% | -20.08% | -17.15% | -1.59% | -0.28% | 1.17% | 2.77% | 3.46% | 2.96% | 4.06% | 4.08% | 4.16% | 4.69% | 4.58% | 5.18% | 5.41% | 5.91% | 5.87% | 6.05% | |||||
| Return on Invested Capital [ROIC]ROIC | -41.39% | -38.65% | -37.22% | -2.94% | -0.68% | 4.21% | -0.89% | 3.51% | 3.52% | 6.08% | 6.62% | 7.01% | 8.26% | 9.20% | 10.75% | 11.43% | 12.85% | 12.63% | 13.09% | |||||
| Return on Assets [ROA]ROA | -22.31% | -17.99% | -15.60% | -2.37% | -1.66% | -1.01% | -0.07% | 0.73% | 0.58% | 1.85% | 2.16% | 2.34% | 2.69% | 2.76% | 3.19% | 3.30% | 3.95% | 3.87% | 4.06% |