Dutch Bros Inc. (BROS) Financial Ratios
7 years of historical data (2019–2025) · Consumer Cyclical · Restaurants
EV/EBITDA
↓
27.60
↓-18% vs avg
5yr avg: 33.78
30Y Low21.7·High49.1
P/FCF
↓
125.12
↓-35% vs avg
5yr avg: 192.45
30Y Low141.5·High141.5
P/B Ratio
↓
7.50
+4% vs avg
5yr avg: 7.22
30Y Low2.9·High10.9
ROE
↑
9.6%
↓+1077% vs avg
5yr avg: 0.8%
30Y Low-9%·High36%
Debt/EBITDA
↓
3.94
↓-46% vs avg
5yr avg: 7.35
30Y Low1.2·High14.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BROS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Dutch Bros Inc. trades at 85.0x earnings, 82% below its 5-year average of 469.8x, sitting at the 0th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.4x, the stock trades at a premium of 338%. On a free-cash-flow basis, the stock trades at 125.1x P/FCF, 35% below the 5-year average of 192.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.8B | $7.7B | $6.0B | $2.0B | $1.5B | $2.3B | — | — |
| Enterprise Value | $7.6B | $8.5B | $6.7B | $2.5B | $2.1B | $2.5B | — | — |
| P/E Ratio → | 85.05 | 97.17 | 168.97 | 1143.32 | — | — | — | — |
| P/S Ratio | 4.16 | 4.70 | 4.69 | 2.04 | 1.98 | 4.69 | — | — |
| P/B Ratio | 7.50 | 8.58 | 7.87 | 2.91 | 5.80 | 10.92 | — | — |
| P/FCF | 125.12 | 141.50 | 243.40 | — | — | — | — | — |
| P/OCF | 23.03 | 26.05 | 24.39 | 14.05 | 24.42 | 29.05 | — | — |
P/E links to full P/E history page with 30-year chart
BROS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Dutch Bros Inc.'s enterprise value stands at 27.6x EBITDA, 18% below its 5-year average of 33.8x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 143% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.20 | 5.20 | 2.60 | 2.80 | 4.96 | — | — |
| EV / EBITDA | 27.60 | 30.83 | 33.45 | 21.75 | 49.09 | — | — | — |
| EV / EBIT | 47.32 | 52.85 | 59.52 | 50.95 | 1515.75 | — | — | — |
| EV / FCF | — | 156.57 | 269.71 | — | — | — | — | — |
BROS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Dutch Bros Inc. earns an operating margin of 9.8%, above the Consumer Cyclical sector average of 2.9%. Operating margins have expanded from 4.8% to 9.8% over the past 3 years, signaling improving operational efficiency. ROE of 9.6% is modest. ROIC of 7.7% represents adequate returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.9% | 25.9% | 26.6% | 26.0% | 24.5% | 30.8% | 35.4% | 40.3% |
| Operating Margin | 9.8% | 9.8% | 8.3% | 4.8% | -0.4% | -22.3% | 3.4% | 12.7% |
| Net Profit Margin | 4.9% | 4.9% | 2.8% | 0.2% | -0.6% | -2.5% | 1.7% | 11.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 9.6% | 9.6% | 4.9% | 0.4% | -2.0% | -8.8% | 7.4% | 36.4% |
| ROA | 2.9% | 2.9% | 1.7% | 0.1% | -0.5% | -3.1% | 2.7% | 16.9% |
| ROIC | 7.7% | 7.7% | 6.0% | 3.3% | -0.3% | -34.4% | 6.6% | 20.6% |
| ROCE | 6.4% | 6.4% | 5.4% | 3.6% | -0.4% | -36.2% | 6.6% | 22.4% |
BROS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Dutch Bros Inc. carries a Debt/EBITDA ratio of 3.9x, which is moderately leveraged (10% below the sector average of 4.4x). Net debt stands at $820M ($1.1B total debt minus $269M cash). Interest coverage of 5.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.21 | 1.21 | 1.23 | 1.00 | 2.48 | 0.71 | 1.25 | 0.61 |
| Debt / EBITDA | 3.94 | 3.94 | 4.74 | 5.87 | 14.85 | — | 3.58 | 1.20 |
| Net Debt / Equity | — | 0.91 | 0.85 | 0.80 | 2.40 | 0.62 | 0.84 | 0.41 |
| Net Debt / EBITDA | 2.97 | 2.97 | 3.26 | 4.71 | 14.37 | — | 2.39 | 0.81 |
| Debt / FCF | — | 15.06 | 26.30 | — | — | — | 4.89 | 1.88 |
| Interest Coverage | 5.69 | 5.69 | 4.14 | 1.52 | 0.08 | -15.86 | 2.85 | 13.14 |
BROS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.49x means Dutch Bros Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.49 | 1.49 | 1.76 | 1.49 | 0.39 | 0.44 | 1.05 | 1.12 |
| Quick Ratio | 1.28 | 1.28 | 1.58 | 1.15 | 0.20 | 0.27 | 0.79 | 0.79 |
| Cash Ratio | 1.12 | 1.12 | 1.44 | 0.97 | 0.09 | 0.13 | 0.53 | 0.47 |
| Asset Turnover | — | 0.54 | 0.51 | 0.55 | 0.62 | 0.90 | 1.26 | 1.42 |
| Inventory Turnover | 24.82 | 24.82 | 25.79 | 15.22 | 14.23 | 14.76 | 13.57 | 13.04 |
| Days Sales Outstanding | — | 4.10 | 3.02 | 3.45 | 5.91 | 7.80 | 12.08 | 10.14 |
BROS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Dutch Bros Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 1.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | 9.1% | — | — |
| Payout Ratio | — | — | — | — | — | — | 135.4% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.2% | 1.0% | 0.6% | 0.1% | — | — | — | — |
| FCF Yield | 0.8% | 0.7% | 0.4% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 12.3% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 21.5% | — | — |
| Shares Outstanding | — | $126M | $115M | $62M | $52M | $46M | $47M | $47M |
Peer Comparison
Compare BROS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BROSYou | $7B | 85.0 | 27.6 | 125.1 | 25.9% | 9.8% | 9.6% | 7.7% | 3.9 |
 SBUX | $119B | 64.0 | 27.0 | 48.7 | 24.2% | 9.6% | — | 17.7% | 5.1 |
 QSR | $27B | 33.7 | 17.8 | 18.9 | 41.1% | 23.7% | 15.5% | 8.2% | 7.1 |
 WEN | $1B | 7.3 | 9.4 | 5.1 | 35.2% | 16.5% | 68.3% | 7.1% | 7.7 |
 JACK | $266M | -3.3 | 82.9 | 3.6 | 28.7% | -1.2% | — | -0.6% | 77.6 |
 MCD | $202B | 23.7 | 17.6 | 28.1 | 57.4% | 46.1% | — | 18.7% | 3.8 |
 YUM | $43B | 28.3 | 20.0 | 26.5 | 46.2% | 30.8% | — | 48.1% | 4.4 |
 DENN | $322M | 15.2 | 12.1 | 350.6 | 73.4% | 10.0% | — | 9.7% | 6.8 |
 SHAK | $3B | 63.5 | 17.3 | 49.3 | 18.0% | 5.9% | 8.7% | 6.0% | 4.7 |
 TXRH | $10B | 25.9 | 17.1 | 30.4 | 12.4% | 8.6% | 28.4% | 14.5% | 2.7 |
 WING | $4B | 21.7 | 21.9 | 34.8 | 82.6% | 27.6% | — | 46.0% | 6.1 |
| Consumer Cyclical Median | — | 19.4 | 11.4 | 15.3 | 36.8% | 2.9% | 5.7% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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Start ComparisonBROS — Frequently Asked Questions
Quick answers to the most common questions about buying BROS stock.
What is Dutch Bros Inc.'s P/E ratio?
Dutch Bros Inc.'s current P/E ratio is 85.0x. The historical average is 133.1x.
What is Dutch Bros Inc.'s EV/EBITDA?
Dutch Bros Inc.'s current EV/EBITDA is 27.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 33.8x.
What is Dutch Bros Inc.'s ROE?
Dutch Bros Inc.'s return on equity (ROE) is 9.6%. The historical average is 6.8%.
Is BROS stock overvalued?
Based on historical data, Dutch Bros Inc. is trading at a P/E of 85.0x. Compare with industry peers and growth rates for a complete picture.
What are Dutch Bros Inc.'s profit margins?
Dutch Bros Inc. has 25.9% gross margin and 9.8% operating margin.
How much debt does Dutch Bros Inc. have?
Dutch Bros Inc.'s Debt/EBITDA ratio is 3.9x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.