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

NYSE:BROS • US26701L1008

Current stock price

51.29 USD
+1.04 (+2.07%)
At close:
51.12 USD
-0.17 (-0.33%)
After Hours:

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

4

1. BROS Profitability Analysis

1.1 Basic Checks

  • In the past year BROS was profitable.
  • In the past year BROS had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: BROS reported negative net income in multiple years.
  • In the past 5 years BROS always reported a positive cash flow from operatings.
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 53.97% 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 72.22% of the companies in the same industry.
  • BROS has a Return On Invested Capital (5.04%) which is in line with its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BROS is significantly below the industry average of 10.59%.
  • 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's Profit Margin of 4.87% is in line compared to the rest of the industry. BROS outperforms 57.14% of its industry peers.
  • BROS has a Operating Margin (10.34%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of BROS has grown nicely.
  • 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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4

2. BROS Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BROS is destroying value.
  • The number of shares outstanding for BROS has been increased compared to 1 year ago.
  • The number of shares outstanding for BROS has been increased compared to 5 years ago.
  • 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

  • BROS has an Altman-Z score of 2.95. This is not the best score and indicates that BROS is in the grey zone with still only limited risk for bankruptcy at the moment.
  • BROS has a Altman-Z score of 2.95. This is in the better half of the industry: BROS outperforms 76.19% 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.
  • With a Debt to FCF ratio value of 11.40, BROS perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
  • BROS has a Debt/Equity ratio of 0.88. This is a neutral value indicating BROS is somewhat dependend on debt financing.
  • BROS's Debt to Equity ratio of 0.88 is in line compared to the rest of the industry. BROS outperforms 57.94% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 11.4
Altman-Z 2.95
ROIC/WACC0.58
WACC8.62%
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

  • BROS has a Current Ratio of 1.49. 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 Current ratio of 1.49. This is in the better half of the industry: BROS outperforms 69.05% of its industry peers.
  • A Quick Ratio of 1.28 indicates that BROS should not have too much problems paying its short term obligations.
  • BROS has a Quick ratio of 1.28. This is in the better half of the industry: BROS outperforms 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. 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.
  • BROS shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 71.75% yearly.
  • The Revenue has grown by 27.88% in the past year. This is a very strong growth!
  • 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 27.75% on average per year.
  • The Revenue is expected to grow by 22.38% on average over the next years. This is a very strong growth
EPS Next Y21.44%
EPS Next 2Y27.46%
EPS Next 3Y27.9%
EPS Next 5Y27.75%
Revenue Next Year26.27%
Revenue Next 2Y24.73%
Revenue Next 3Y23.92%
Revenue Next 5Y22.38%

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.
  • 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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1

4. BROS Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 67.49, BROS can be considered very expensive at the moment.
  • 60.32% of the companies in the same industry are cheaper than BROS, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 26.11, BROS is valued quite expensively.
  • The Price/Forward Earnings ratio is 55.57, which means the current valuation is very expensive for BROS.
  • 61.11% of the companies in the same industry are cheaper than BROS, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of BROS to the average of the S&P500 Index (24.12), we can say BROS is valued expensively.
Industry RankSector Rank
PE 67.49
Fwd PE 55.57
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 76.98% of the companies in the same industry.
  • 60.32% of the companies in the same industry are cheaper than BROS, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 155.1
EV/EBITDA 30.29
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 27.90% in the coming years.
PEG (NY)3.15
PEG (5Y)N/A
EPS Next 2Y27.46%
EPS Next 3Y27.9%

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

0

5. BROS Dividend Analysis

5.1 Amount

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

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BROS Fundamentals: All Metrics, Ratios and Statistics

DUTCH BROS INC-CLASS A

NYSE:BROS (3/17/2026, 8:04:00 PM)

After market: 51.12 -0.17 (-0.33%)

51.29

+1.04 (+2.07%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners93.12%
Inst Owner Change2.94%
Ins Owners0.14%
Ins Owner Change-68.58%
Market Cap8.44B
Revenue(TTM)1.64B
Net Income(TTM)79.84M
Analysts85.19
Price Target77.47 (51.04%)
Short Float %10.34%
Short Ratio2.45
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%
PT rev (3m)1.04%
EPS NQ rev (1m)-14.98%
EPS NQ rev (3m)-14.04%
EPS NY rev (1m)0.7%
EPS NY rev (3m)0.53%
Revenue NQ rev (1m)0.16%
Revenue NQ rev (3m)0.24%
Revenue NY rev (1m)0.53%
Revenue NY rev (3m)0.87%
Valuation
Industry RankSector Rank
PE 67.49
Fwd PE 55.57
P/S 5.15
P/FCF 155.1
P/OCF 28.55
P/B 12.4
P/tB 12.83
EV/EBITDA 30.29
EPS(TTM)0.76
EY1.48%
EPS(NY)0.92
Fwd EY1.8%
FCF(TTM)0.33
FCFY0.64%
OCF(TTM)1.8
OCFY3.5%
SpS9.96
BVpS4.14
TBVpS4
PEG (NY)3.15
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 2.95
F-Score6
WACC8.62%
ROIC/WACC0.58
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 Y21.44%
EPS Next 2Y27.46%
EPS Next 3Y27.9%
EPS Next 5Y27.75%
Revenue 1Y (TTM)27.88%
Revenue growth 3Y30.39%
Revenue growth 5Y37.99%
Sales Q2Q%29.41%
Revenue Next Year26.27%
Revenue Next 2Y24.73%
Revenue Next 3Y23.92%
Revenue Next 5Y22.38%
EBIT growth 1Y36.62%
EBIT growth 3YN/A
EBIT growth 5Y72.79%
EBIT Next Year127.5%
EBIT Next 3Y53.51%
EBIT Next 5Y40.48%
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 Fundamental Analysis 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 67.49 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 21.44% in the next year.