Dutch Bros Inc

BROS · NYSE · Consumer Cyclical / Restaurants

35.90USD+2.19 (+6.50%)

Price History

Full chart

Market Stats

Previous Close33.71

Open33.56

Day Range33.25 – 36.03

52-Week Range33.17 – 74.02

Volume6.22M

Market Cap4.70B

P/E (TTM)44.23

Forward P/E36.50

EPS0.77

Dividend Yield0.00%

Beta1.93

50-Day Avg40.37

200-Day Avg52.35

About

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.

Company Details

SectorConsumer Cyclical
IndustryRestaurants
CEOMs. Christine Barone
Employees28.00K
Headquarters1930 W. Rio Salado Pkwy, Tempe, AZ, United States, 85281, USA
Websitehttps://www.dutchbros.com

Leadership

Mr. Travis BoersmaCo-Founder & Executive Chairman of the Board · b. 1971
Ms. Christine BaroneCEO, President & Director · b. 1974
Mr. Joshua GuenserChief Financial Officer · b. 1979
Ms. Victoria J. TullettChief Legal Officer & Company Secretary · b. 1968
Ms. Tana DavilaChief Marketing Officer · b. 1983
Mr. Venki KrishnababuChief Technology & Information Officer
Neil Patel C.F.A.Senior Manager of Investor Relations
Mr. Brian MaxwellVice Chair · b. 1971
Andrew ConwaySenior VP of Operations Systems and Standard · b. 1981
Mr. Brian CahoeChief Development Officer

Financials

Income Statement

Currency: USD	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	238.37M	327.41M	497.88M	739.01M	965.78M	1.28B	1.64B
Growth (%)	-	+37.36%	+52.06%	+48.43%	+30.68%	+32.64%	+27.88%
Cost of Revenue	142.31M	211.48M	344.57M	558.10M	714.48M	940.89M	1.21B
Gross Profit	96.06M	115.94M	153.30M	180.92M	251.30M	340.13M	423.95M
Gross Margin	40.30%	35.41%	30.79%	24.48%	26.02%	26.55%	25.88%
Operating Expense	65.76M	104.94M	264.53M	183.53M	205.07M	234.04M	262.77M
Operating Income	30.30M	11.00M	-111.23M	-2.61M	46.22M	106.09M	161.18M
Operating Margin	12.71%	3.36%	-22.34%	-0.35%	4.79%	8.28%	9.84%
EBITDA	40.49M	26.17M	-87.25M	46.09M	118.38M	204.91M	279.06M
EBITDA Margin	16.99%	7.99%	-17.52%	6.24%	12.26%	16.00%	17.04%
Net Income	28.39M	5.72M	-12.68M	-4.75M	1.72M	35.26M	79.84M
Net Income Margin	11.91%	1.75%	-2.55%	-0.64%	0.18%	2.75%	4.87%
Interest Expense	2.35M	3.74M	7.09M	18.02M	32.32M	27.02M	28.30M
Interest Expense % of Total Revenue	0.98%	1.14%	1.42%	2.44%	3.35%	2.11%	1.73%

Balance Sheet

Currency: USD	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	168.28M	259.66M	553.70M	1.19B	1.76B	2.50B	3.01B
Total Liabilities	90.27M	183.67M	339.97M	934.38M	1.09B	1.74B	2.11B
Total Equity	78.02M	75.99M	94.52M	129.12M	364.35M	537.37M	680.82M
Cash	15.58M	31.64M	18.51M	20.18M	133.54M	293.35M	269.40M
Total Debt	47.91M	95.12M	150.69M	625.42M	676.58M	942.91M	1.09B
Net Debt	32.32M	63.48M	132.18M	605.24M	543.04M	649.55M	819.62M

Cash Flow

Currency: USD	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	56.70M	53.55M	80.38M	59.88M	139.91M	246.43M	295.55M
Investing Cash Flow	-39.95M	-45.57M	-121.09M	-192.57M	-227.28M	-212.07M	-241.07M
Financing Cash Flow	-12.68M	8.08M	27.58M	134.36M	200.73M	125.45M	-78.43M
Capital Expenditure	39.47M	40.58M	118.44M	187.88M	228.46M	221.74M	241.13M
Free Cash Flow	17.24M	12.97M	-38.07M	-128.00M	-88.54M	24.69M	54.41M
Dividends Paid	6.63M	7.75M	213.31M	4.15M	0	-	-
FCF to OCF	30.40%	24.23%	-47.36%	-213.75%	-63.28%	10.02%	18.41%
Dividend Paid to FCF	38.43%	59.73%	-560.32%	-3.24%	0.00%	-	-

Earnings

Report Date	Mar 31, 2021	Jun 30, 2021	Sep 16, 2021	Nov 10, 2021	Mar 1, 2022	May 11, 2022	Aug 10, 2022	Nov 9, 2022	Feb 22, 2023	May 9, 2023	Aug 8, 2023	Nov 7, 2023	Feb 21, 2024	May 7, 2024	Aug 7, 2024	Nov 6, 2024	Feb 12, 2025	May 7, 2025	Aug 6, 2025	Nov 5, 2025	Feb 12, 2026	May 6, 2026	Aug 5, 2026	Nov 4, 2026
EPS Estimate	0.00	0.00	0.08	0.08	0.02	0.01	0.07	0.08	0.07	-0.03	0.06	0.07	0.02	0.02	0.13	0.12	0.02	0.11	0.18	0.15	0.09	0.15	0.27	0.22
EPS Actual	0.58	0.58	0.08	0.23	0.02	-0.02	0.05	0.09	0.03	-0.07	0.13	0.14	0.04	0.09	0.19	0.16	0.07	0.14	0.26	0.15	0.17	0.16	0.28	0.20
Surprise	-	-	0.00%	187.50%	0.00%	-300.00%	-28.57%	12.50%	-57.14%	-126.00%	116.67%	100.00%	100.00%	350.00%	46.15%	33.33%	250.00%	27.27%	44.44%	0.00%	82.21%	6.67%	3.70%	-9.09%
Timing	-	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap4.70B

Enterprise Value5.93B

Trailing P/E44.23

Forward P/E36.50

PEG Ratio1.46

Price / Sales2.34

Price / Book5.82

EPS0.77

Book Value6.02

Revenue (TTM)2.01B

Gross Profit (TTM)497.43M

EBITDA342.24M

Profit Margin5.08%

Operating Margin9.83%

Return on Equity15.12%

Return on Assets3.84%

Shares Outstanding137.95M

Shares Float133.19M

Beta1.93

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Strong Buy

Based on 26 analystsTarget 55.04

Strong Buy
21
Buy
3
Hold
1
Sell
1

Ownership Breakdown

Institutions: 94.34%
Insiders: 3.01%
Retail / Other: 2.65%

Top Institutional Holders

FMR Inc
16.72M12.12%
BlackRock Inc
14.66M10.63%
T. Rowe Price Associates, Inc.
9.59M6.95%
Vanguard Capital Management, LLC
6.07M4.40%
Vanguard Portfolio Management, LLC
5.94M4.30%
T. Rowe Price Investment Management,Inc.
4.27M3.09%
State Street Corp
3.85M2.79%
Wellington Management Company LLP
3.09M2.24%
Baillie Gifford & Co Limited.
2.74M1.99%
Geode Capital Management, LLC
2.48M1.80%
Citadel Advisors Llc
2.21M1.60%
Westfield Capital Management Company, L.P.
2.18M1.58%
1832 Asset Management L.P
2.01M1.46%
The Goldman Sachs Group Inc
1.99M1.44%

Top Fund Holders

T. Rowe Price New Horizons
6.41M4.64%
Fidelity Contrafund
5.67M4.11%
iShares Core S&P Mid-Cap ETF
4.66M3.38%
Vanguard MStar Total Stk Mkt Idx Invest
4.38M3.17%
Vanguard Small Cap Index
3.11M2.25%
BlackRock Mid-Cap Growth Equity Instl
2.04M1.48%