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

USA • New York Stock Exchange • NYSE:BROS • US26701L1008

54.075 USD
+0.59 (+1.09%)
Last: Feb 4, 2026, 12:38 PM
Fundamental Rating

5

BROS gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 132 industry peers in the Hotels, Restaurants & Leisure industry. While BROS seems to be doing ok healthwise, there are quite some concerns on its profitability. BROS is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

3

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 0 100M -100M 200M

1.2 Ratios

  • BROS has a Return On Assets (2.12%) which is in line with its industry peers.
  • With a decent Return On Equity value of 9.46%, BROS is doing good in the industry, outperforming 68.94% of the companies in the same industry.
  • BROS has a Return On Invested Capital (3.89%) which is in line with its industry peers.
Industry RankSector Rank
ROA 2.12%
ROE 9.46%
ROIC 3.89%
ROA(3y)0.37%
ROA(5y)-0.24%
ROE(3y)1.1%
ROE(5y)-2.02%
ROIC(3y)N/A
ROIC(5y)N/A
BROS Yearly ROA, ROE, ROICBROS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

1.3 Margins

  • BROS has a Profit Margin (4.04%) which is comparable to the rest of the industry.
  • BROS's Profit Margin has declined in the last couple of years.
  • BROS has a Operating Margin (9.95%) which is in line with its industry peers.
  • BROS's Operating Margin has declined in the last couple of years.
  • BROS has a Gross Margin of 29.45%. This is in the lower half of the industry: BROS underperforms 75.00% of its industry peers.
  • BROS's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 9.95%
PM (TTM) 4.04%
GM 29.45%
OM growth 3YN/A
OM growth 5Y-5.29%
PM growth 3YN/A
PM growth 5Y-25.4%
GM growth 3Y-0.28%
GM growth 5Y-4.98%
BROS Yearly Profit, Operating, Gross MarginsBROS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 20 -20 40

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6

2. Health

2.1 Basic Checks

  • BROS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • BROS has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, BROS has less 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 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 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • An Altman-Z score of 3.12 indicates that BROS is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of BROS (3.12) is better than 81.06% of its industry peers.
  • The Debt to FCF ratio of BROS is 9.26, which is on the high side as it means it would take BROS, 9.26 years of fcf income to pay off all of its debts.
  • BROS has a better Debt to FCF ratio (9.26) than 62.88% of its industry peers.
  • BROS has a Debt/Equity ratio of 0.89. This is a neutral value indicating BROS is somewhat dependend on debt financing.
  • BROS has a better Debt to Equity ratio (0.89) than 60.61% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF 9.26
Altman-Z 3.12
ROIC/WACC0.45
WACC8.69%
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 0 200M 400M

2.3 Liquidity

  • A Current Ratio of 1.52 indicates that BROS should not have too much problems paying its short term obligations.
  • The Current ratio of BROS (1.52) is better than 71.21% of its industry peers.
  • A Quick Ratio of 1.32 indicates that BROS should not have too much problems paying its short term obligations.
  • BROS has a better Quick ratio (1.32) than 68.94% of its industry peers.
Industry RankSector Rank
Current Ratio 1.52
Quick Ratio 1.32
BROS Yearly Current Assets VS Current LiabilitesBROS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 100M 200M 300M

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9

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 37.50% over the past year.
  • BROS shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -11.03% yearly.
  • BROS shows a strong growth in Revenue. In the last year, the Revenue has grown by 28.93%.
  • BROS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 39.97% yearly.
EPS 1Y (TTM)37.5%
EPS 3YN/A
EPS 5Y-11.03%
EPS Q2Q%18.75%
Revenue 1Y (TTM)28.93%
Revenue growth 3Y37.03%
Revenue growth 5Y39.97%
Sales Q2Q%25.24%

3.2 Future

  • BROS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 33.31% yearly.
  • BROS is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 24.85% yearly.
EPS Next Y36.89%
EPS Next 2Y34.76%
EPS Next 3Y33.54%
EPS Next 5Y33.31%
Revenue Next Year28.78%
Revenue Next 2Y27.22%
Revenue Next 3Y25.7%
Revenue Next 5Y24.85%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of 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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2

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 81.93, the valuation of BROS can be described as expensive.
  • The rest of the industry has a similar Price/Earnings ratio as BROS.
  • BROS is valuated expensively when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 58.38, the valuation of BROS can be described as expensive.
  • 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 60.61% of the companies listed 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 25.51.
Industry RankSector Rank
PE 81.93
Fwd PE 58.38
BROS Price Earnings VS Forward Price EarningsBROS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BROS indicates a slightly more expensive valuation: BROS is more expensive than 78.03% of the companies listed in the same industry.
  • BROS's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 136.02
EV/EBITDA 34.89
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.
  • A more expensive valuation may be justified as BROS's earnings are expected to grow with 33.54% in the coming years.
PEG (NY)2.22
PEG (5Y)N/A
EPS Next 2Y34.76%
EPS Next 3Y33.54%

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0

5. Dividend

5.1 Amount

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

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DUTCH BROS INC-CLASS A

NYSE:BROS (2/4/2026, 12:38:06 PM)

54.075

+0.59 (+1.09%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)11-05
Earnings (Next)02-12
Inst Owners91.05%
Inst Owner Change0.13%
Ins Owners0.92%
Ins Owner Change-145.14%
Market Cap8.90B
Revenue(TTM)1.54B
Net Income(TTM)62.08M
Analysts84.62
Price Target77.26 (42.88%)
Short Float %9.62%
Short Ratio3.17
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)24.59%
Min EPS beat(2)7.83%
Max EPS beat(2)41.35%
EPS beat(4)4
Avg EPS beat(4)75.22%
Min EPS beat(4)7.83%
Max EPS beat(4)224.17%
EPS beat(8)8
Avg EPS beat(8)114.38%
EPS beat(12)11
Avg EPS beat(12)95.82%
EPS beat(16)13
Avg EPS beat(16)45.69%
Revenue beat(2)2
Avg Revenue beat(2)0.63%
Min Revenue beat(2)0.27%
Max Revenue beat(2)0.98%
Revenue beat(4)4
Avg Revenue beat(4)2%
Min Revenue beat(4)0.27%
Max Revenue beat(4)5.75%
Revenue beat(8)7
Avg Revenue beat(8)1.8%
Revenue beat(12)9
Avg Revenue beat(12)0.43%
Revenue beat(16)12
Avg Revenue beat(16)0.61%
PT rev (1m)0.49%
PT rev (3m)-1.87%
EPS NQ rev (1m)0.05%
EPS NQ rev (3m)-12.86%
EPS NY rev (1m)0.05%
EPS NY rev (3m)0.49%
Revenue NQ rev (1m)0.11%
Revenue NQ rev (3m)1.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.86%
Valuation
Industry RankSector Rank
PE 81.93
Fwd PE 58.38
P/S 5.79
P/FCF 136.02
P/OCF 31.99
P/B 13.55
P/tB 14.05
EV/EBITDA 34.89
EPS(TTM)0.66
EY1.22%
EPS(NY)0.93
Fwd EY1.71%
FCF(TTM)0.4
FCFY0.74%
OCF(TTM)1.69
OCFY3.13%
SpS9.34
BVpS3.99
TBVpS3.85
PEG (NY)2.22
PEG (5Y)N/A
Graham Number7.7
Profitability
Industry RankSector Rank
ROA 2.12%
ROE 9.46%
ROCE 5.67%
ROIC 3.89%
ROICexc 4.32%
ROICexgc 4.36%
OM 9.95%
PM (TTM) 4.04%
GM 29.45%
FCFM 4.25%
ROA(3y)0.37%
ROA(5y)-0.24%
ROE(3y)1.1%
ROE(5y)-2.02%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-28.12%
ROICexc growth 3YN/A
ROICexc growth 5Y-24.54%
OM growth 3YN/A
OM growth 5Y-5.29%
PM growth 3YN/A
PM growth 5Y-25.4%
GM growth 3Y-0.28%
GM growth 5Y-4.98%
F-Score7
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF 9.26
Debt/EBITDA 2.24
Cap/Depr 195.33%
Cap/Sales 13.84%
Interest Coverage 3.91
Cash Conversion 106.2%
Profit Quality 105.35%
Current Ratio 1.52
Quick Ratio 1.32
Altman-Z 3.12
F-Score7
WACC8.69%
ROIC/WACC0.45
Cap/Depr(3y)329.63%
Cap/Depr(5y)343.93%
Cap/Sales(3y)22.13%
Cap/Sales(5y)20.51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)37.5%
EPS 3YN/A
EPS 5Y-11.03%
EPS Q2Q%18.75%
EPS Next Y36.89%
EPS Next 2Y34.76%
EPS Next 3Y33.54%
EPS Next 5Y33.31%
Revenue 1Y (TTM)28.93%
Revenue growth 3Y37.03%
Revenue growth 5Y39.97%
Sales Q2Q%25.24%
Revenue Next Year28.78%
Revenue Next 2Y27.22%
Revenue Next 3Y25.7%
Revenue Next 5Y24.85%
EBIT growth 1Y43.75%
EBIT growth 3YN/A
EBIT growth 5Y32.56%
EBIT Next Year188.75%
EBIT Next 3Y66.43%
EBIT Next 5Y49.57%
FCF growth 1Y160.03%
FCF growth 3YN/A
FCF growth 5Y7.46%
OCF growth 1Y148.3%
OCF growth 3Y45.27%
OCF growth 5Y34.16%

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 2 / 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 3 / 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 81.93 and the Price/Book (PB) ratio is 13.55.


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 36.89% in the next year.