Dutch Bros Inc. BROS
Restaurants · IPO 2021 · data as of November 13, 2026
Dutch Bros Inc. (BROS) is a consumer discretionary company listed in the US with a market value of about $5.0B. In the twelve months to September 30, 2026 it had revenue of $2.0B and net income of $102M, a net margin of 5.1%.
Its overall Stock Analiz score is 1.6 out of 5 (weak). The strongest part is future growth (4/5); the weakest is value (0/5).
Key numbers: a P/E of 46.0, a price to free cash flow of 54.5, 5-year revenue growth of 38% a year, a 5-year average ROIC of -14%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 53% below the current price.
Score: 1.6 / 5
Checks passed
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- Positive free cash flow
- Interest covered more than 5 times
- Stock-based pay below 5% of revenue
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year average ROIC above 12%
Valuation
Growth and quality
Financials, last 7 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0B | $1.6B | $1.3B | $966M | $739M | $498M | $327M | $238M |
| Net income | $102M | $80M | $35M | $2M | -$5M | -$13M | $0 | $0 |
| Free cash flow | $91M | $54M | $25M | -$89M | -$128M | -$38M | $13M | $17M |
| EPS (diluted) | $0.78 | $0.64 | $0.34 | $0.03 | $-0.09 | $-0.28 | — | — |
| Net margin | 5.1% | 4.9% | 2.8% | 0.2% | -0.6% | -2.5% | 0.0% | 0.0% |
| ROIC | — | 10.3% | 7.6% | 4.1% | -0.5% | -89.5% | 8.3% | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 26 analysts is $55.04, 53% above the current price; targets range from $29.00 to $79.00; the consensus rating is “Strong buy”; expected EPS is $0.92 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Dutch Bros’s P/E ratio?
About 46.0, based on the last twelve months of diluted earnings per share (forward P/E about 36.3).
Is Dutch Bros stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 53% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Dutch Bros pay a dividend?
Not currently.
Is Dutch Bros a good stock to buy?
We do not give buy or sell advice. Dutch Bros scores 1.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.