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

NYSE:BROS • US26701L1008

48.81 USD
-0.92 (-1.85%)
At close: Feb 20, 2026
48.85 USD
+0.04 (+0.08%)
After Hours: 2/20/2026, 8:19:45 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall BROS gets a fundamental rating of 4 out of 10. We evaluated BROS against 126 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 shows excellent growth, but is valued quite expensive already.


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.
  • Of the past 5 years BROS 4 years 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

  • BROS has a Return On Assets of 2.12%. This is comparable to the rest of the industry: BROS outperforms 49.21% of its industry peers.
  • The Return On Equity of BROS (9.46%) is better than 68.25% of its industry peers.
  • The Return On Invested Capital of BROS (4.67%) is comparable to the rest of the 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 10.58%.
  • The 3 year average ROIC (4.03%) for BROS is below the current ROIC(4.67%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.12%
ROE 9.46%
ROIC 4.67%
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 (4.04%) which is comparable to the rest of the industry.
  • BROS's Operating Margin of 9.95% is in line compared 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.
  • With a Gross Margin value of 29.45%, BROS is not doing good in the industry: 76.98% of the companies in the same industry are doing better.
  • 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 5Y25.22%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.71%
GM growth 5Y-6.5%
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

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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
  • 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 2.91 indicates that BROS is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of BROS (2.91) is better than 74.60% 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.
  • The Debt to FCF ratio of BROS (9.26) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.89 indicates that BROS is somewhat dependend on debt financing.
  • BROS has a Debt to Equity ratio (0.89) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF 9.26
Altman-Z 2.91
ROIC/WACC0.55
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 1.52 indicates that BROS should not have too much problems paying its short term obligations.
  • BROS has a Current ratio of 1.52. This is in the better half of the industry: BROS outperforms 69.84% 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 Quick ratio of 1.32. This is in the better half of the industry: BROS outperforms 66.67% 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 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

  • The Earnings Per Share has grown by an impressive 49.02% over the past year.
  • The Earnings Per Share has been growing by 71.75% on average over the past years. This is a very strong growth
  • The Revenue has grown by 27.88% in the past year. This is a very strong growth!
  • The Revenue has been growing by 37.99% on average over the past years. This is a very strong growth!
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

  • 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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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 64.22.
  • BROS's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of BROS to the average of the S&P500 Index (26.99), we can say BROS is valued expensively.
  • The Price/Forward Earnings ratio is 53.25, which means the current valuation is very expensive for BROS.
  • BROS's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BROS is more expensive than 62.70% 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 28.02.
Industry RankSector Rank
PE 64.22
Fwd PE 53.25
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

  • Based on the Enterprise Value to EBITDA ratio, BROS is valued a bit more expensive than the industry average as 79.37% of the companies are valued more cheaply.
  • Based on the Price/Free Cash Flow ratio, BROS is valued a bit more expensive than 61.11% of the companies in the same industry.
Industry RankSector Rank
P/FCF 122.77
EV/EBITDA 31.95
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 29.55% in the coming years.
PEG (NY)3.12
PEG (5Y)N/A
EPS Next 2Y25.96%
EPS Next 3Y29.55%

More info and screens

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 (2/20/2026, 8:19:45 PM)

After market: 48.85 +0.04 (+0.08%)

48.81

-0.92 (-1.85%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners91.05%
Inst Owner Change3.02%
Ins Owners0.92%
Ins Owner Change-95.45%
Market Cap8.03B
Revenue(TTM)1.64B
Net Income(TTM)62.08M
Analysts85.19
Price Target77.47 (58.72%)
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)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)0.28%
PT rev (3m)2.17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.99%
EPS NY rev (1m)-1.04%
EPS NY rev (3m)-0.53%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)0.67%
Revenue NY rev (1m)0.29%
Revenue NY rev (3m)1.66%
Valuation
Industry RankSector Rank
PE 64.22
Fwd PE 53.25
P/S 5.22
P/FCF 122.77
P/OCF 28.87
P/B 12.23
P/tB 12.68
EV/EBITDA 31.95
EPS(TTM)0.76
EY1.56%
EPS(NY)0.92
Fwd EY1.88%
FCF(TTM)0.4
FCFY0.81%
OCF(TTM)1.69
OCFY3.46%
SpS9.34
BVpS3.99
TBVpS3.85
PEG (NY)3.12
PEG (5Y)N/A
Graham Number8.26
Profitability
Industry RankSector Rank
ROA 2.12%
ROE 9.46%
ROCE 5.67%
ROIC 4.67%
ROICexc 5.19%
ROICexgc 5.24%
OM 9.95%
PM (TTM) 4.04%
GM 29.45%
FCFM 4.25%
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)4.54%
ROICexgc(5y)N/A
ROCE(3y)4.89%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-1.07%
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 3Y-1.71%
GM growth 5Y-6.5%
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 2.91
F-Score7
WACC8.54%
ROIC/WACC0.55
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
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 1Y43.75%
EBIT growth 3YN/A
EBIT growth 5Y72.79%
EBIT Next Year125.46%
EBIT Next 3Y54.13%
EBIT Next 5Y40.64%
FCF growth 1Y723.16%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y21.35%
OCF growth 3YN/A
OCF growth 5YN/A

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 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 64.22 and the Price/Book (PB) ratio is 12.23.


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.