BROS Dutch Bros Inc
$40.80
▼ 0.7%Updated Oct 16, 2:25 PM ET
Report Card
BROS at a glance — five pillars scored 0–100 from real filed financials.
How the 0–100 rating is calculatedOverall: Neutral · 49/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
Price — Past Year
▲ Up 4.6% in the year to Jul 6, 2026
Key Metrics
Market Cap
$11.89B
P/E
147.55x
Forward P/E (est.)
105.4x
ROE
12.1%
Revenue Growth
28.4%
EPS Growth
64.6%
Profit Margin
4.6%
FCF Yield
1.8%
Debt / Equity
0.91x
ROIC
13.0%
Interest Coverage
—
Current Ratio
1.35x
Dividend Yield
—
Implied Growth (rev. DCF)
8.5%
Rating Score
49/100
Business Overview
Dutch Bros Inc (BROS) is a large-cap NYSE-listed company in the Hotels, Restaurants & Leisure industry, within the Consumer Discretionary sector, with a market value around $11.89B.
In its latest reported year it generated about $1.64B in revenue and $79.84M in net profit.
Our model rates BROS Neutral (49/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Economic Moat
Evidence of durable competitive advantage in the filed financials (7 years of history).
Profit margins and economic moats, explainedThe numbers don't show a durable competitive advantage — margins, growth, or returns on capital have been unstable or thin. Great returns are still possible; they just aren't protected.
7.6% average over the last 3 years
±10.8 pts around 2.3% across 7 years
grew in 6 of the last 6 year-over-year periods
positive in 4 of 7 years
13.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical Analysis (Educational)
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what BROS's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. BROS trades near $40.80, below its 50-day average ($59.47) and 200-day average ($56.48). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 60 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. BROS's is $3.21 (~7.9% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. In the month to Jul 6, 2026, BROS found buyers near $54.00 (support) and sellers near $74.02 (resistance); its 52-week range then was $44.58–$74.65. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.2× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. The indicators were last computed on Jul 6, 2026; the price is current.
Revenue Growth
4Y CAGR
34.7%
Revenue moved from $238.37M in 2019 to $1.64B in 2025, a 37.9% compound annual growth rate. The most recent year grew a strong 28.4% year over year. Consistent top-line growth is one sign of healthy demand.
Profitability
Gross Margin
28.5%
Operating Margin
9.8%
Net Margin
4.9%
ROE
12.1%
Dutch Bros Inc keeps about 4.6% of each sales dollar as net profit, with a 28.5% gross margin and 9.8% operating margin. Return on equity is 12.1% and return on invested capital about 13.0%. Thin margins leave less cushion if costs rise.
Debt Analysis
Total Debt
$200.51M
Net Debt
-$68.11M
Net cash position
Net Debt / EBITDA
-0.42x
Debt / Equity
0.91x
Leverage: debt-to-equity is 0.9x, with a current ratio of 1.4x. That is a moderate, manageable debt load for most businesses. It carries roughly $200.51M of total debt against $268.62M of cash.
Cash Flow Analysis
Operating CF
$295.55M
Free Cash Flow
$54.41M
FCF Margin
3.3%
In the latest year Dutch Bros Inc produced about $295.55M of operating cash flow and $54.41M of free cash flow after capital spending. That is a free-cash-flow yield of about 1.8% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Valuation Analysis
P/E
147.55x
P/S
7.26x
P/B
14.79x
EV / EBITDA
42.79x
BROS trades at 147.6x trailing earnings (about 105.4x on estimated forward earnings), 7.3x sales, and 14.8x book value. Reverse-engineering today's price implies the market expects roughly 8.5% long-term free-cash-flow growth. That is a rich multiple that prices in a lot of future growth.
DCF Fair Value (Educational)
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
How this DCF estimate is calculatedDCF fair value / share
$14.61
Current price
$40.80
Starting FCF (latest 10-K)
$54.41M
Growth, years 1–5
20.0%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Metrics vs. Sector Range
Where BROS sits versus the Consumer Discretionary companies we cover.
Bands show the middle half (25th–75th percentile) of the 85 Consumer Discretionary companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
Sector Peer Comparison
How BROS stacks up against its Consumer Discretionary peers — valuation, profitability, and growth versus the sector median.
Among the 85 rated Consumer Discretionary companies we cover, BROS ranks #48 by our overall rating. It trades at a premium versus the sector on earnings (147.6x P/E vs. 24.6x median) with a lower return on equity (12.1% vs. 26.2%) and faster revenue growth (28.4% vs. 6.8%).
P/E vs sector
147.6x
median 24.6x
ROE vs sector
12.1%
median 26.2%
Growth vs sector
28.4%
median 6.8%
Sector rank
#48
of 85 rated
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Consumer Discretionary companies by sub-industry and size, preferring ones with full data. Sector medians and rank use the 85 rated companies among the 158 Consumer Discretionary stocks we cover. Educational, not a recommendation.
5-Year Projection Model
Project revenue → earnings → price. Edit the assumptions to build your own case.
What drives this projection, and its limits2030 scenario price range (Base Case)
$85.94 – $142.92
vs. $40.80 today · implied CAGR 16% – 28%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $2.10B | $2.68B | $3.44B | $4.40B | $5.63B |
| Net income | $104.84M | $134.20M | $171.77M | $219.87M | $281.43M |
| EPS | $0.36 | $0.46 | $0.59 | $0.75 | $0.97 |
| Share price (low) | $32.02 | $40.98 | $52.46 | $67.14 | $85.94 |
| Share price (high) | $53.24 | $68.15 | $87.23 | $111.65 | $142.92 |
| CAGR (low–high) | -22% / 30% | 0% / 29% | 9% / 29% | 13% / 29% | 16% / 28% |
Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions.
Bull Case
The case for BROS:
- Revenue is growing 28.4% a year, a sign of real demand.
Bear Case
The case against BROS:
- Thin net margins (4.6%) leave little room for error.
- A rich 147.6x earnings multiple prices in a lot of growth.
Key Risks
Valuation risk — at 147.6x earnings, disappointing results could compress the multiple.
Margin risk — thin profitability (4.6%) is vulnerable to cost or pricing pressure.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
Investment Thesis
On balance, the picture is mixed: Dutch Bros Inc is a large-cap consumer discretionary business still growing nicely, with modest profitability, and a heavier debt load to watch. It trades at 147.6x earnings, which our model scores Neutral (49/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 31 Wall Street analysts covering BROS recommend (September 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
BROS's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen. How to read a 10-K
BROS — frequently asked questions
Is BROS a good stock to buy?
We don't give buy or sell advice. Our model rates Dutch Bros Inc Neutral (49/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is BROS's rating on The Stocks School?
Dutch Bros Inc currently scores 49/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does BROS's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Dutch Bros Inc's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for BROS calculated?
It's a scenario model. It starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. It's a tool for thinking, not a prediction.
Is this BROS analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell BROS. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.