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BROS

NYSE
Neutral · 49/100

Dutch Bros Inc

Consumer Discretionary
Hotels, Restaurants & Leisure

$70.71

2.0%

Updated Today 12:11 PM ET

Report Card

BROS at a glance — five pillars scored 0–100 from real filed financials.

Value
0
Growth
0
Profitability
0
Health
0
Dividends
0

Overall: 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% over the last 12 months

Price 50-day average 200-day averageSource: Yahoo Finance · refreshed daily
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

14.0%

Interest Coverage

Current Ratio

1.33x

Dividend Yield

Implied Growth (rev. DCF)

8.5%

Rating Score

49/100

Business Overview
Research

Dutch Bros Inc (BROS) is a large-cap company in the Hotels, Restaurants & Leisure industry, part of the Consumer Discretionary sector of the S&P 500, 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.

Technical Analysis (Educational)
Research

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 $70.71, above its 50-day average ($59.47) and 200-day average ($56.48). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.

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 (~4.5% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.

Support & resistance. Over the last month BROS found buyers near $54.00 (support) and sellers near $74.02 (resistance); its 52-week range is $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. It updates daily as the price and indicators change.

Revenue Growth
Research

4Y CAGR

34.7%

4/4 checks passedRevenue growingRevenue growth beats sector midpointEPS growingEPS growing faster than revenue

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
Research
3/4 checks passedProfitableNet margin above sector midpointROE above 12%ROIC above 10%

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 14.0%. Thin margins leave less cushion if costs rise.

Debt Analysis
Research
3/3 checks passedDebt under 1× equityDebt under 2× equityShort-term bills covered

Total Debt

$201.49M

Net Debt

-$62.03M

Net cash position

Net Debt / EBITDA

-0.38x

Debt / Equity

0.91x

Leverage: debt-to-equity is 0.9x, with a current ratio of 1.3x. That is a moderate, manageable debt load for most businesses. It carries roughly $201.49M of total debt against $263.52M of cash.

Cash Flow Analysis
Research
1/3 checks passedPositive free cash flowFCF yield above 2%Market expects achievable growth (<8%)

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
Research
2/4 checks passedPositive earnings (P/E meaningful)P/E below sector's upper bandForward P/E below trailing (earnings growing)Trading below DCF fair value

P/E

147.55x

P/S

7.26x

P/B

14.79x

EV / EBITDA

42.81x

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.

DCF fair value / share

$14.61

Current price

$70.71

-79% · Above fair-value estimate

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%

PV of 10-yr free cash flow$840.70M
PV of terminal value$1.41B
Estimated equity value$2.25B
Shares outstanding154M

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 its Consumer Discretionary sector peers in the S&P 500.

TTM P/E
147.6xExpensive
Forward P/E
105.4xExpensive
P/S ratio
7.3xExpensive
Revenue growth
28.4%Strong
EPS growth
64.6%Strong
Gross margin
28.5%Average
Net margin
4.6%Average
ROE
12.1%Average

Bands show the middle half (25th–75th percentile) of the 50 Consumer Discretionary companies in the S&P 500 — 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.

In the Consumer Discretionary sector (92 S&P 500 companies), BROS ranks #28 of 92 by our overall rating. It trades at a premium versus the sector on earnings (147.6x P/E vs. 25.4x median) with a lower return on equity (12.1% vs. 24.8%) and faster revenue growth (28.4% vs. 6.2%).

P/E vs sector

147.6x

median 25.4x

ROE vs sector

12.1%

median 24.8%

Growth vs sector

28.4%

median 6.2%

Sector rank

#28

of 92 by rating

CompanyP/ERev Gr.Rating
BROSThis stock147.6x28.4%Neutral· 49
HTHT17.6x7.9%Favorable· 69
ARMK41.5x10.2%Weak· 36
H4.2%Weak· 22
FLUT18.9%Weak· 30
IHG32.7x5.4%Neutral· 50
BJRINot rated
CAKENot rated
Consumer Discretionary median25.4x6.2%22/100

Valuation vs. quality map

sector medianHTHTARMKIHGBROSP/E — cheaper ←→ pricierROE — more profitable ↑

The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.

Compare side by side

Peers are the closest Consumer Discretionary companies by sub-industry and size. Sector median is across all 92 S&P 500 names in the sector. Educational, not a recommendation.

5-Year Projection Model

Project revenue → earnings → price. Edit the assumptions to build your own case.

2030 price target (Base Case)

$0.00 $0.00

vs. $70.71 today · expected CAGR 18%31%

Metric20262027202820292030
Revenue$2.10B$2.68B$3.44B$4.40B$5.63B
Net income$104.84M$134.20M$171.77M$219.87M$281.43M
EPS$0.68$0.87$1.11$1.43$1.83
Share price (low)$60.51$77.45$99.14$126.90$162.43
Share price (high)$100.62$128.80$164.86$211.02$270.11
CAGR (low–high)-14% / 42%5% / 35%12% / 33%16% / 31%18% / 31%

Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.

Bull Case

The case for BROS:

  • Revenue is growing 28.4% a year, a sign of real demand.
  • As an established S&P 500 member in Consumer Discretionary, it brings scale and a long operating history.
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
Research

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
Research

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.

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 grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — 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.