Dutch Bros Ratios (2020-2025) | BROS

Ratios Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Profitability
Gross Margin 39.41%28.75%32.67%36.95%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%
EBT Margin 7.68%-5.97%-4.84%9.60%-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%
EBIT Margin 9.18%-5.10%-3.75%11.03%-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%
EBITDA Margin 9.18%-5.10%-3.75%11.03%-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%
Operating Margin 9.18%-5.10%-3.75%11.03%-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%
Net Margin 7.68%-6.53%-4.88%9.20%-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%
FCF Margin -4.60%7.64%10.65%-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%
Efficiency
Inventory Average 0.02B0.03B0.03B0.03B0.04B0.04B0.05B0.05B0.05B0.05B0.05B0.04B0.04B0.04B0.04B0.04B
Assets Average 0.53B0.72B0.92B1.04B1.16B1.23B1.32B1.50B1.70B1.92B2.23B2.40B2.47B2.63B2.79B2.87B
Equity Average 0.21B0.21B0.22B0.23B0.25B0.25B0.26B0.47B0.67B0.69B0.71B0.74B0.76B0.78B0.82B0.85B
Invested Capital 0.11B0.21B0.22B0.36B0.40B0.46B0.50B0.53B0.60B1.03B1.05B0.94B0.97B0.99B1.15B1.08B1.04B1.07B
Asset Utilization Ratio 0.940.770.660.650.640.640.640.610.570.540.500.500.520.520.520.54
Leverage & Solvency
Debt to Equity 0.510.170.320.580.640.750.820.991.020.140.140.350.330.320.310.360.240.23
Debt Ratio 0.150.070.120.140.150.160.170.200.200.060.060.120.100.100.090.100.070.07
Equity Ratio 0.300.420.390.240.240.220.210.200.200.410.380.340.310.310.310.290.300.30
Dividends & Payouts
FCF Payout Ratio -0.150.4814.94-0.180.030.06
Valuation
Enterprise Value -0.03B10.24B8.09B4.19B5.27B5.18B4.72B5.29B4.77B4.00B5.79B5.86B7.29B4.89B8.01B10.48B11.50B8.55B
Market Capitalization 10.15B7.99B4.11B5.18B5.10B4.61B5.18B4.66B3.81B5.61B5.85B7.34B4.94B8.08B10.60B11.56B8.61B
Return Ratios
Return on Sales 0.02%-0.26%-0.24%-0.23%-0.24%-0.04%-0.03%-0.02%0.00%0.01%0.01%0.03%0.04%0.05%0.05%0.05%0.06%0.06%
Return on Capital Employed -0.29%-0.20%-0.17%-0.02%0.00%0.01%0.03%0.03%0.03%0.04%0.04%0.04%0.05%0.05%0.05%0.05%
Return on Invested Capital -0.51%-0.42%-0.35%-0.03%0.03%0.03%0.05%0.07%0.07%0.08%0.09%0.11%0.11%
Return on Assets -0.22%-0.18%-0.16%-0.02%-0.02%-0.01%0.00%0.01%0.01%0.02%0.02%0.02%0.03%0.03%0.03%0.03%
Return on Equity -0.56%-0.61%-0.66%-0.11%-0.08%-0.05%0.00%0.02%0.01%0.05%0.07%0.08%0.09%0.09%0.11%0.11%