Dutch Bros (BROS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Dutch Bros

NYSE•Consumer Cyclical•Restaurants

$43.44-1.52(-0.03%)After hours

Market Cap

$5.38B

P/E

58.3x

P/S

2.9x

P/B

6.7x

Dutch Bros Inc., together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company sells and distributes coffee, coffee-related products, and accessories. It operates through Company-Operated Shops and Franchising and Other segments. The company sells its products under various brands such as Dutch Bros, Dutch Bros Coffee, Dutch Bros Rebel, Dutch Bros, and Blue Rebel. Dutch Bros Inc. was founded in 1992 and is based in Tempe, Arizona.

How this company scores

ExcellentMetricSide Score: 83/100

Strongest: Cash & Earnings Quality (24/25); weakest: Profitability (16/25).

Profitability16/25

Growth22/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality24/25

Strengths

Growing revenueRising free cash flowRising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 58.3x5y range 58.3x – 197661.3x

Currently below its 13-quarter median.

P/S · 2.9x5y range 2.0x – 6.0x

Currently near its 17-quarter median.

P/B · 6.7x5y range 5.9x – 17.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Share Dilution

Red Flag

Shares outstanding increased 18.2% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $5.38B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.88B
Q. Revenue: $550.85M
TTM EBITDA: $371.66M
TTM Op. Income: $180.15M
Q. Op. Income: $70.41M
TTM Net Income: $92.37M
Q. Net Income: $37.41M
EPS: $0.28
Shares Out.: $134.49M

$1.88B in TTM revenue grew 29.6% YoY, reaching $550.85M last quarter. TTM EBITDA of $371.66M and TTM operating income of $180.15M show growth is flowing through to the bottom line. TTM net income of $92.37M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 27.4%
EBITDA Margin: 19.2%
Op. Margin: 12.8%
Net Margin: 6.8%

Op. margin of 12.8% is down 0.4% YoY — costs are rising relative to revenue. Net margin at 6.8% and gross margin of 27.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 3% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 58.3x
P/S Ratio: 2.9x
P/B Ratio: 6.7x

At 58.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.9x and P/B of 6.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 5 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.38B
Cash: $268.62M
Long-Term Debt: $194.60M
Book Value: $797.65M
D/E Ratio: 0.2
Debt/EBITDA: 1.8

With $3.38B in assets and $194.60M in long-term debt, D/E is 0.2and book value is $797.65M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 5 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $112.21M
TTM Free Cash Flow: $95.03M
FCF Margin: 5.0%
FCF / Net Income: 1.0

TTM FCF of $95.03M on $112.21M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.