DUTCH BROS INC-CLASS A (BROS) Stock Fundamental Analysis

NYSE:BROS • US26701L1008

53.61 USD
-0.3 (-0.56%)
At close: Feb 27, 2026
53.42 USD
-0.19 (-0.35%)
After Hours: 2/27/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

BROS gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 125 industry peers in the Hotels, Restaurants & Leisure industry. Both the profitability and the financial health of BROS get a neutral evaluation. Nothing too spectacular is happening here. BROS is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • BROS had positive earnings in the past year.
  • BROS had a positive operating cash flow in the past year.
  • In multiple years BROS reported negative net income over the last 5 years.
  • Each year in the past 5 years BROS had a positive operating cash flow.
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

  • Looking at the Return On Assets, with a value of 2.65%, BROS is in line with its industry, outperforming 50.79% of the companies in the same industry.
  • With a decent Return On Equity value of 11.73%, BROS is doing good in the industry, outperforming 69.84% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 5.04%, BROS is in line with its industry, outperforming 49.21% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for BROS is significantly below the industry average of 10.88%.
  • The 3 year average ROIC (4.03%) for BROS is below the current ROIC(5.04%), indicating increased profibility in the last year.
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

  • BROS has a Profit Margin (4.87%) which is comparable to the rest of the industry.
  • BROS has a Operating Margin of 10.34%. This is comparable to the rest of the industry: BROS outperforms 54.76% of its industry peers.
  • BROS's Operating Margin has improved in the last couple of years.
  • BROS has a worse Gross Margin (29.05%) than 77.78% of its industry peers.
  • In the last couple of years the Gross Margin of BROS has declined.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BROS is destroying value.
  • Compared to 1 year ago, BROS has more shares outstanding
  • The number of shares outstanding for BROS has been increased compared to 5 years ago.
  • The debt/assets ratio for BROS has been reduced compared to a year ago.
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 3.10 indicates that BROS is not in any danger for bankruptcy at the moment.
  • BROS's Altman-Z score of 3.10 is fine compared to the rest of the industry. BROS outperforms 78.57% of its industry peers.
  • The Debt to FCF ratio of BROS is 11.40, which is on the high side as it means it would take BROS, 11.40 years of fcf income to pay off all of its debts.
  • BROS has a Debt to FCF ratio (11.40) which is in line with its industry peers.
  • 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 3.1
ROIC/WACC0.6
WACC8.45%
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.
  • BROS's Current ratio of 1.49 is fine compared to the rest of the industry. BROS outperforms 69.84% of its industry peers.
  • BROS has a Quick Ratio of 1.28. This is a normal value and indicates that BROS is financially healthy and should not expect problems in meeting its short term obligations.
  • BROS has a better Quick ratio (1.28) than 65.08% of its industry peers.
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. Growth

3.1 Past

  • BROS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 49.02%, which is quite impressive.
  • BROS shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 71.75% yearly.
  • BROS shows a strong growth in Revenue. In the last year, the Revenue has grown by 27.88%.
  • 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

  • The Earnings Per Share is expected to grow by 28.20% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, BROS will show a very strong growth in Revenue. The Revenue will grow by 22.42% on average per year.
EPS Next Y20.6%
EPS Next 2Y25.96%
EPS Next 3Y29.55%
EPS Next 5Y28.2%
Revenue Next Year25.97%
Revenue Next 2Y24.58%
Revenue Next 3Y23.81%
Revenue Next 5Y22.42%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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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Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • BROS is valuated quite expensively with a Price/Earnings ratio of 70.54.
  • Based on the Price/Earnings ratio, BROS is valued a bit more expensive than the industry average as 61.11% of the companies are valued more cheaply.
  • BROS is valuated expensively when we compare the Price/Earnings ratio to 27.07, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 58.49, the valuation of BROS can be described as expensive.
  • Based on the Price/Forward Earnings ratio, BROS is valued a bit more expensive than 65.08% of the companies in the same industry.
  • BROS's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.05.
Industry RankSector Rank
PE 70.54
Fwd PE 58.49
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

  • Based on the Enterprise Value to EBITDA ratio, BROS is valued a bit more expensive than 76.19% of the companies in the same industry.
  • BROS's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. BROS is more expensive than 60.32% of the companies in the same industry.
Industry RankSector Rank
P/FCF 162.1
EV/EBITDA 32.23
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 BROS does not grow enough to justify the current Price/Earnings ratio.
  • BROS's earnings are expected to grow with 29.55% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.42
PEG (5Y)N/A
EPS Next 2Y25.96%
EPS Next 3Y29.55%

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

0

5. Dividend

5.1 Amount

  • No dividends for BROS!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

DUTCH BROS INC-CLASS A

NYSE:BROS (2/27/2026, 8:04:00 PM)

After market: 53.42 -0.19 (-0.35%)

53.61

-0.3 (-0.56%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners91.05%
Inst Owner Change3.04%
Ins Owners0.92%
Ins Owner Change-71.92%
Market Cap8.82B
Revenue(TTM)1.64B
Net Income(TTM)79.84M
Analysts85.19
Price Target77.47 (44.51%)
Short Float %10.6%
Short Ratio2.98
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)0.28%
PT rev (3m)2.17%
EPS NQ rev (1m)-15.22%
EPS NQ rev (3m)-13.97%
EPS NY rev (1m)-1.04%
EPS NY rev (3m)-0.53%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)0.36%
Revenue NY rev (1m)0.29%
Revenue NY rev (3m)1.66%
Valuation
Industry RankSector Rank
PE 70.54
Fwd PE 58.49
P/S 5.38
P/FCF 162.1
P/OCF 29.84
P/B 12.95
P/tB 13.41
EV/EBITDA 32.23
EPS(TTM)0.76
EY1.42%
EPS(NY)0.92
Fwd EY1.71%
FCF(TTM)0.33
FCFY0.62%
OCF(TTM)1.8
OCFY3.35%
SpS9.96
BVpS4.14
TBVpS4
PEG (NY)3.42
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 3.1
F-Score6
WACC8.45%
ROIC/WACC0.6
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 Y20.6%
EPS Next 2Y25.96%
EPS Next 3Y29.55%
EPS Next 5Y28.2%
Revenue 1Y (TTM)27.88%
Revenue growth 3Y30.39%
Revenue growth 5Y37.99%
Sales Q2Q%29.41%
Revenue Next Year25.97%
Revenue Next 2Y24.58%
Revenue Next 3Y23.81%
Revenue Next 5Y22.42%
EBIT growth 1Y36.62%
EBIT growth 3YN/A
EBIT growth 5Y72.79%
EBIT Next Year127.79%
EBIT Next 3Y53.51%
EBIT Next 5Y40.86%
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 FAQ

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

ChartMill assigns a fundamental rating of 5 / 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 70.54 and the Price/Book (PB) ratio is 12.95.


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 20.6% in the next year.