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

NYSE:BROS • US26701L1008

51.31 USD
-3.2 (-5.87%)
At close: Mar 6, 2026
51.31 USD
0 (0%)
After Hours: 3/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

5

Taking everything into account, BROS scores 5 out of 10 in our fundamental rating. BROS was compared to 125 industry peers in the Hotels, Restaurants & Leisure industry. BROS has an average financial health and profitability rating. BROS shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

4

1. BROS Profitability Analysis

1.1 Basic Checks

  • BROS had positive earnings in the past year.
  • In the past year BROS had a positive cash flow from operations.
  • 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

  • With a Return On Assets value of 2.65%, BROS perfoms like the industry average, outperforming 53.60% of the companies in the same industry.
  • BROS has a better Return On Equity (11.73%) than 71.20% 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 48.80% of the companies in the same industry.
  • BROS had an Average Return On Invested Capital over the past 3 years of 4.03%. This is significantly below the industry average of 10.72%.
  • 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

  • BROS has a Profit Margin (4.87%) which is in line with its industry peers.
  • With a Operating Margin value of 10.34%, BROS perfoms like the industry average, outperforming 53.60% of the companies in the same industry.
  • BROS's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 29.05%, BROS is doing worse than 77.60% of the companies in the same industry.
  • 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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5

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.
  • BROS has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, BROS has more shares outstanding
  • 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

  • BROS has an Altman-Z score of 3.13. This indicates that BROS is financially healthy and has little risk of bankruptcy at the moment.
  • BROS's Altman-Z score of 3.13 is fine compared to the rest of the industry. BROS outperforms 78.40% 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.
  • Looking at the Debt to FCF ratio, with a value of 11.40, BROS is in line with its industry, outperforming 55.20% of the companies in the same industry.
  • A Debt/Equity ratio of 0.88 indicates that BROS is somewhat dependend on debt financing.
  • BROS has a Debt to Equity ratio (0.88) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 11.4
Altman-Z 3.13
ROIC/WACC0.59
WACC8.54%
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 has a better Current ratio (1.49) than 70.40% 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.
  • With a decent Quick ratio value of 1.28, BROS is doing good in the industry, outperforming 65.60% 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

  • 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.
  • The Earnings Per Share has been growing by 71.75% on average over the past years. This is a very strong growth
  • BROS shows a strong growth in Revenue. In the last year, the Revenue has grown by 27.88%.
  • Measured over the past years, BROS shows a very strong growth in Revenue. The Revenue has been growing by 37.99% on average per year.
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

  • Based on estimates for the next years, BROS will show a very strong growth in Earnings Per Share. The EPS will grow by 28.20% on average per year.
  • BROS is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 22.42% yearly.
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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1

4. BROS Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 67.51, BROS can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, BROS is valued a bit more expensive than the industry average as 60.80% of the companies are valued more cheaply.
  • The average S&P500 Price/Earnings ratio is at 26.29. BROS is valued rather expensively when compared to this.
  • BROS is valuated quite expensively with a Price/Forward Earnings ratio of 55.98.
  • 63.20% of the companies in the same industry are cheaper than BROS, based on the Price/Forward Earnings ratio.
  • BROS is valuated expensively when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 67.51
Fwd PE 55.98
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

  • BROS's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. BROS is more expensive than 76.80% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, BROS is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 155.14
EV/EBITDA 32.75
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)3.28
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. BROS Dividend Analysis

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

BROS Fundamentals: All Metrics, Ratios and Statistics

DUTCH BROS INC-CLASS A

NYSE:BROS (3/6/2026, 8:04:00 PM)

After market: 51.31 0 (0%)

51.31

-3.2 (-5.87%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners93.12%
Inst Owner Change3.04%
Ins Owners0.14%
Ins Owner Change-71.92%
Market Cap8.44B
Revenue(TTM)1.64B
Net Income(TTM)79.84M
Analysts85.19
Price Target77.47 (50.98%)
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)0.28%
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 67.51
Fwd PE 55.98
P/S 5.15
P/FCF 155.14
P/OCF 28.56
P/B 12.4
P/tB 12.84
EV/EBITDA 32.75
EPS(TTM)0.76
EY1.48%
EPS(NY)0.92
Fwd EY1.79%
FCF(TTM)0.33
FCFY0.64%
OCF(TTM)1.8
OCFY3.5%
SpS9.96
BVpS4.14
TBVpS4
PEG (NY)3.28
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 3.13
F-Score6
WACC8.54%
ROIC/WACC0.59
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 67.51 and the Price/Book (PB) ratio is 12.4.


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.