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Dutch Bros Inc.
NYSE · CIK 1866581
Last close38.67
Daily change+0.06 (0.16%)
10 Years gain+5.43%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
BROS · STANDARD
SIC 5810 · Retail-Eating & Drinking Places · Fiscal year end 1231
Fundamental
84.8Momentum
57.2Acceleration
57.2Confidence
78.0Annual Revenue7
Quarterly Revenue22
Annual CFO7
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth25.0 / 25
Quality23.7 / 25
Capital Efficiency19.6 / 20
Balance Sheet12.1 / 15
Shareholder Economics0.0 / 10
Forward Indicators4.4 / 5
Signals
Operating leverageOperating margin improved by 1.4473 percentage points.
Net debt reductionNet debt declined versus the comparison period.
Strong operating leverageOperating income is growing faster than revenue while operating margin expands.
Warnings
Heavy share dilution · HIGHDiluted share count increased 10.9104%.
Key Metrics
Revenue Growth TTM43.4%OK
Revenue CAGR 3Y30.39%OK
Gross Margin26.17%OK
Operating Margin10.83%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC24.48%OK
Incremental Operating Margin 3Y19.68%OK
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y10.91%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $1.64B | $423.95M | $161.18M | $295.55M | $54.41M | 25.88% | 9.84% | 3.32% | 25.44% | 125.76M |
| 2025 FY Dec 31, 2024 | $1.28B | $340.13M | $106.09M | $246.43M | $24.69M | 26.55% | 8.28% | 1.93% | 20.46% | 104.13M |
| 2025 FY Dec 31, 2023 | $965.78M | $251.30M | $46.22M | $139.92M | -$88.54M | 26.02% | 4.79% | -9.17% | 11.15% | 62.07M |
| 2024 FY Dec 31, 2022 | $739.01M | $180.92M | -$2.61M | $59.88M | -$128.00M | 24.48% | -0.35% | -17.32% | -1.43% | 51.87M |
| 2023 FY Dec 31, 2021 | $497.88M | $153.30M | -$111.23M | $80.38M | -$38.07M | 30.79% | -22.34% | -7.65% | -115.49% | 45.86M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $1.85B | sum latest 4 fiscal quarters Revenue | OK | 0001866581-26-000133, 0001866581-25-000227 |
| Revenue Growth TTM | 43.4% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001866581-26-000133, 0001866581-25-000227 |
| Revenue CAGR 3Y | 30.39% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001866581-26-000006 |
| Revenue CAGR 5Y | 37.99% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001866581-26-000006 |
| Gross Profit CAGR 3Y | 32.82% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001866581-26-000006 |
| Operating Income Growth | 65.52% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0001866581-26-000133, 0001866581-25-000227 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 26.17% | Gross Profit / Revenue | OK | 0001866581-26-000133, 0001866581-25-000227 |
| Operating Margin | 10.83% | Operating Income / Revenue | OK | 0001866581-26-000133, 0001866581-25-000227 |
| ROIC | 24.48% | NOPAT / Average Invested Capital | OK | 0001866581-26-000133, 0001866581-25-000227 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0001866581-26-000133 |
| Current Ratio | 1.35x | Current Assets / Current Liabilities | OK | derived |
| Cash / Debt | 1.34x | (Cash + Short-term Investments) / Total Debt | OK | 0001866581-26-000133 |
| Revenue per Diluted Share | $13.76 | Revenue / Diluted Shares | OK | 0001866581-26-000133, 0001866581-25-000227 |