DUTCH BROS INC-CLASS A (BROS) Fundamental Analysis & Valuation

NYSE:BROS • US26701L1008

Current stock price

47.3 USD
-0.87 (-1.81%)
At close:
47.45 USD
+0.15 (+0.32%)
After Hours:

This BROS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. BROS Profitability Analysis

1.1 Basic Checks

  • In the past year BROS was profitable.
  • BROS had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: BROS reported negative net income in multiple years.
  • In the past 5 years BROS always reported a positive cash flow from operatings.
BROS Yearly Net Income VS EBIT VS OCF VS FCFBROS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M

1.2 Ratios

  • BROS has a Return On Assets (2.65%) which is comparable to the rest of the industry.
  • BROS has a Return On Equity of 11.73%. This is in the better half of the industry: BROS outperforms 72.22% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 5.04%, BROS is in line with its industry, outperforming 48.41% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for BROS is significantly below the industry average of 10.48%.
  • The last Return On Invested Capital (5.04%) for BROS is above the 3 year average (4.03%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.65%
ROE 11.73%
ROIC 5.04%
ROA(3y)1.39%
ROA(5y)0.29%
ROE(3y)6.25%
ROE(5y)0.32%
ROIC(3y)4.03%
ROIC(5y)N/A
BROS Yearly ROA, ROE, ROICBROS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30

1.3 Margins

  • The Profit Margin of BROS (4.87%) is comparable to the rest of the industry.
  • With a Operating Margin value of 10.34%, BROS perfoms like the industry average, outperforming 54.76% of the companies in the same industry.
  • In the last couple of years the Operating Margin of BROS has grown nicely.
  • The Gross Margin of BROS (29.05%) is worse than 77.78% of its industry peers.
  • BROS's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 10.34%
PM (TTM) 4.87%
GM 29.05%
OM growth 3YN/A
OM growth 5Y25.22%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4%
GM growth 5Y-3.29%
BROS Yearly Profit, Operating, Gross MarginsBROS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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4

2. BROS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BROS is destroying value.
  • The number of shares outstanding for BROS has been increased compared to 1 year ago.
  • Compared to 5 years ago, BROS has more shares outstanding
  • BROS has a better debt/assets ratio than last year.
BROS Yearly Shares OutstandingBROS Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
BROS Yearly Total Debt VS Total AssetsBROS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • An Altman-Z score of 2.87 indicates that BROS is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of BROS (2.87) is better than 75.40% of its industry peers.
  • BROS has a debt to FCF ratio of 11.40. This is a negative value and a sign of low solvency as BROS would need 11.40 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 11.40, BROS perfoms like the industry average, outperforming 54.76% of the companies in the same industry.
  • BROS has a Debt/Equity ratio of 0.88. This is a neutral value indicating BROS is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.88, BROS perfoms like the industry average, outperforming 58.73% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 11.4
Altman-Z 2.87
ROIC/WACC0.58
WACC8.64%
BROS Yearly LT Debt VS Equity VS FCFBROS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 1.49 indicates that BROS should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.49, BROS is in the better half of the industry, outperforming 69.05% of the companies in the same industry.
  • A Quick Ratio of 1.28 indicates that BROS should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.28, BROS is in the better half of the industry, outperforming 65.08% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.49
Quick Ratio 1.28
BROS Yearly Current Assets VS Current LiabilitesBROS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

9

3. BROS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 49.02% over the past year.
  • BROS shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 71.75% yearly.
  • The Revenue has grown by 27.88% in the past year. This is a very strong growth!
  • BROS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 37.99% yearly.
EPS 1Y (TTM)49.02%
EPS 3Y71.75%
EPS 5YN/A
EPS Q2Q%142.86%
Revenue 1Y (TTM)27.88%
Revenue growth 3Y30.39%
Revenue growth 5Y37.99%
Sales Q2Q%29.41%

3.2 Future

  • BROS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.75% yearly.
  • The Revenue is expected to grow by 22.38% on average over the next years. This is a very strong growth
EPS Next Y21.44%
EPS Next 2Y27.46%
EPS Next 3Y27.9%
EPS Next 5Y27.75%
Revenue Next Year26.27%
Revenue Next 2Y24.73%
Revenue Next 3Y23.92%
Revenue Next 5Y22.38%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
BROS Yearly Revenue VS EstimatesBROS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2B 4B 6B
BROS Yearly EPS VS EstimatesBROS Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 1 2 3 4

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1

4. BROS Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 62.24, which means the current valuation is very expensive for BROS.
  • BROS's Price/Earnings ratio is in line with the industry average.
  • BROS's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.70.
  • The Price/Forward Earnings ratio is 51.25, which means the current valuation is very expensive for BROS.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BROS indicates a slightly more expensive valuation: BROS is more expensive than 61.11% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.84. BROS is valued rather expensively when compared to this.
Industry RankSector Rank
PE 62.24
Fwd PE 51.25
BROS Price Earnings VS Forward Price EarningsBROS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 76.19% of the companies in the same industry are cheaper than BROS, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, BROS is valued a bit more expensive than 60.32% of the companies in the same industry.
Industry RankSector Rank
P/FCF 143.04
EV/EBITDA 29.09
BROS Per share dataBROS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • A more expensive valuation may be justified as BROS's earnings are expected to grow with 27.90% in the coming years.
PEG (NY)2.9
PEG (5Y)N/A
EPS Next 2Y27.46%
EPS Next 3Y27.9%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. BROS Dividend Analysis

5.1 Amount

  • BROS does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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BROS Fundamentals: All Metrics, Ratios and Statistics

DUTCH BROS INC-CLASS A

NYSE:BROS (3/13/2026, 8:12:37 PM)

After market: 47.45 +0.15 (+0.32%)

47.3

-0.87 (-1.81%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners93.12%
Inst Owner Change2.94%
Ins Owners0.14%
Ins Owner Change-68.58%
Market Cap7.78B
Revenue(TTM)1.64B
Net Income(TTM)79.84M
Analysts85.19
Price Target77.47 (63.78%)
Short Float %10.42%
Short Ratio2.55
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)38.79%
Min EPS beat(2)7.83%
Max EPS beat(2)69.76%
EPS beat(4)4
Avg EPS beat(4)36.61%
Min EPS beat(4)7.83%
Max EPS beat(4)69.76%
EPS beat(8)8
Avg EPS beat(8)109.39%
EPS beat(12)12
Avg EPS beat(12)106.51%
EPS beat(16)13
Avg EPS beat(16)48.59%
Revenue beat(2)2
Avg Revenue beat(2)1.33%
Min Revenue beat(2)0.27%
Max Revenue beat(2)2.39%
Revenue beat(4)4
Avg Revenue beat(4)1.17%
Min Revenue beat(4)0.27%
Max Revenue beat(4)2.39%
Revenue beat(8)8
Avg Revenue beat(8)2.28%
Revenue beat(12)9
Avg Revenue beat(12)0.54%
Revenue beat(16)12
Avg Revenue beat(16)0.65%
PT rev (1m)0%
PT rev (3m)1.04%
EPS NQ rev (1m)-15.22%
EPS NQ rev (3m)-14.29%
EPS NY rev (1m)0.7%
EPS NY rev (3m)0.53%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)0.27%
Revenue NY rev (1m)0.53%
Revenue NY rev (3m)0.87%
Valuation
Industry RankSector Rank
PE 62.24
Fwd PE 51.25
P/S 4.75
P/FCF 143.04
P/OCF 26.33
P/B 11.43
P/tB 11.83
EV/EBITDA 29.09
EPS(TTM)0.76
EY1.61%
EPS(NY)0.92
Fwd EY1.95%
FCF(TTM)0.33
FCFY0.7%
OCF(TTM)1.8
OCFY3.8%
SpS9.96
BVpS4.14
TBVpS4
PEG (NY)2.9
PEG (5Y)N/A
Graham Number8.41
Profitability
Industry RankSector Rank
ROA 2.65%
ROE 11.73%
ROCE 6.12%
ROIC 5.04%
ROICexc 5.58%
ROICexgc 5.64%
OM 10.34%
PM (TTM) 4.87%
GM 29.05%
FCFM 3.32%
ROA(3y)1.39%
ROA(5y)0.29%
ROE(3y)6.25%
ROE(5y)0.32%
ROIC(3y)4.03%
ROIC(5y)N/A
ROICexc(3y)4.5%
ROICexc(5y)N/A
ROICexgc(3y)4.56%
ROICexgc(5y)N/A
ROCE(3y)4.89%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-0.88%
ROICexc growth 3YN/A
ROICexc growth 5Y2.45%
OM growth 3YN/A
OM growth 5Y25.22%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4%
GM growth 5Y-3.29%
F-Score6
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 11.4
Debt/EBITDA 2.11
Cap/Depr 209.44%
Cap/Sales 14.72%
Interest Coverage 4.35
Cash Conversion 103.86%
Profit Quality 68.15%
Current Ratio 1.49
Quick Ratio 1.28
Altman-Z 2.87
F-Score6
WACC8.64%
ROIC/WACC0.58
Cap/Depr(3y)259.44%
Cap/Depr(5y)333.59%
Cap/Sales(3y)18.56%
Cap/Sales(5y)20.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)49.02%
EPS 3Y71.75%
EPS 5YN/A
EPS Q2Q%142.86%
EPS Next Y21.44%
EPS Next 2Y27.46%
EPS Next 3Y27.9%
EPS Next 5Y27.75%
Revenue 1Y (TTM)27.88%
Revenue growth 3Y30.39%
Revenue growth 5Y37.99%
Sales Q2Q%29.41%
Revenue Next Year26.27%
Revenue Next 2Y24.73%
Revenue Next 3Y23.92%
Revenue Next 5Y22.38%
EBIT growth 1Y36.62%
EBIT growth 3YN/A
EBIT growth 5Y72.79%
EBIT Next Year127.5%
EBIT Next 3Y53.51%
EBIT Next 5Y40.48%
FCF growth 1Y120.34%
FCF growth 3YN/A
FCF growth 5Y33.21%
OCF growth 1Y19.93%
OCF growth 3Y70.26%
OCF growth 5Y40.73%

DUTCH BROS INC-CLASS A / BROS Fundamental Analysis FAQ

What is the ChartMill fundamental rating of DUTCH BROS INC-CLASS A (BROS) stock?

ChartMill assigns a fundamental rating of 4 / 10 to BROS.


What is the valuation status for BROS stock?

ChartMill assigns a valuation rating of 1 / 10 to DUTCH BROS INC-CLASS A (BROS). This can be considered as Overvalued.


What is the profitability of BROS stock?

DUTCH BROS INC-CLASS A (BROS) has a profitability rating of 4 / 10.


What is the valuation of DUTCH BROS INC-CLASS A based on its PE and PB ratios?

The Price/Earnings (PE) ratio for DUTCH BROS INC-CLASS A (BROS) is 62.24 and the Price/Book (PB) ratio is 11.43.


What is the earnings growth outlook for DUTCH BROS INC-CLASS A?

The Earnings per Share (EPS) of DUTCH BROS INC-CLASS A (BROS) is expected to grow by 21.44% in the next year.