Stocks · Consumer Cyclical · Restaurants
Dutch Bros Inc. BROS
$38.67 +0.16% Close, Oct 2, 2026 · NYSE · Market cap $6.68B
Strong growth
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- At 53.7× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
- Diluted EPS over the last four quarters was $0.72, up 52.8% year over year.
- Net debt is 3.2× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Consumer Cyclical sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 5%
- EPS growth (TTM, YoY)Top 18%
- FCF growth (TTM, YoY)Top 43%
- Revenue growth, 3-year CAGRTop 2%
- Revenue growth accelerationTop 30%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 44%
- Gross marginBottom 31%
- Operating marginTop 35%
- Cash conversion (OCF / net income)Top 12%
- Accruals (lower is better)Top 29%
- Net debt / EBITDA (lower is better)Bottom 44%
- Interest coverTop 25%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 34%
- Free-cash-flow yieldBottom 25%
- EBITDA / enterprise valueBottom 22%
- Sales / enterprise valueBottom 9%
- P/E vs own 5-year history (lower is better)Top 8%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 45%
- 6-month returnBottom 18%
- 1-year return vs S&P 500Bottom 31%
- Distance from 52-week highBottom 20%
- Trend checklist (0–4)Bottom 18%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 30%
- Consecutive EPS beatsBottom 33%
- Share of analysts rating BuyTop 4%
- Upside to consensus price targetTop 13%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 27%
- Maximum drawdown, 3 yearsBottom 49%
- Beta vs S&P 500 (lower is better)Bottom 10%
- Net debt / EBITDA (lower is better)Bottom 44%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 28.4% | 29.6% | ↑ |
| EPS growth (YoY) | 63.6% | 52.8% | ↓ |
| Gross margin | 26.7% | 25.0% | ↓ |
| Operating margin | 9.2% | 9.7% | ↑ |
| FCF margin | 5.0% | 5.0% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 29.6% | 28.4% | ↑ | Top 5% |
| EPS growth (TTM, YoY) | 52.8% | 63.6% | ↓ | Top 18% |
| Gross margin | 25.0% | 26.7% | ↓ | Bottom 31% |
| Operating margin | 9.7% | 9.2% | ↑ | Top 35% |
| Net margin | 4.9% | 3.9% | ↑ | — |
| Free-cash-flow margin | 5.0% | 5.0% | ↑ | — |
| Return on invested capital | 4.8% | — | Bottom 44% | |
| Revenue growth, 3-year CAGR | 30.4% | — | Top 2% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -8.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.9%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +9.8 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 3.16×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 13.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 0.02%
- Shareholder yield
- 0.02%
- Share count change, 1 year
- +6.3%
- Share count change, 3-year CAGR
- +32.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +24.4%
- Average 2-day reaction, last 8
- +0.8%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $70.62
- Target vs current price
- +82.6%
- Analysts with a rating
- 26
- Share rating Buy or Strong Buy
- 96%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 5, 2026 | +14.0% | +2.4% | -22.7% | -27.8% | — |
| May 6, 2026 | +0.0% | +3.3% | -11.4% | -1.0% | +15.1% |
| Feb 12, 2026 | +70.0% | -5.0% | -7.0% | -10.0% | -1.5% |
| Nov 5, 2025 | +13.6% | +0.7% | +1.5% | +10.9% | +1.1% |
| Aug 6, 2025 | +44.4% | +0.6% | +19.8% | +24.8% | +0.7% |
| May 7, 2025 | +35.4% | -0.6% | +17.8% | +21.4% | -4.8% |
| Feb 12, 2025 | +250.0% | +0.8% | +32.4% | -2.9% | +0.4% |
| Nov 6, 2024 | +33.3% | +3.9% | +45.0% | +61.2% | +92.1% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 5, 2026 | $0.33 | $0.29 | +14.0% | $550.9M |
| May 6, 2026 | $0.16 | $0.16 | +0.0% | $464.4M |
| Feb 12, 2026 | $0.17 | $0.10 | +70.0% | $443.6M |
| Nov 5, 2025 | $0.19 | $0.17 | +13.6% | $423.6M |
| Aug 6, 2025 | $0.26 | $0.18 | +44.4% | $415.8M |
| May 7, 2025 | $0.14 | $0.10 | +35.4% | $355.2M |
| Feb 12, 2025 | $0.07 | $0.02 | +250.0% | $342.8M |
| Nov 6, 2024 | $0.16 | $0.12 | +33.3% | $338.2M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 53.7× | 158.0× | 0th | Bottom 34% |
| P/E (forward) | 40.3× | — | — | — |
| EV / EBITDA | 25.7× | — | — | Bottom 22% |
| EV / Sales | 4.05× | — | — | Bottom 9% |
| Free-cash-flow yield | 1.42% | — | — | Bottom 25% |
| Earnings yield | 1.86% | — | — | Bottom 34% |
P/E over the past five years
Range 74.1× – 241.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -25.0%
- Earnings per share growth (TTM)
- +52.8%
- Change in P/E multiple
- -50.3%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -17.8%
- 200-day average slope (20 days)
- -2.9%
- Distance from 50-day average
- -21.3%
- Distance from 200-day average
- -30.4%
- RSI (14)
- 27.1
- Relative volume
- 0.70×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 54.9%
- Volatility vs own 5-year history
- 46th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.85
- Correlation with S&P 500
- 0.46
- Current drawdown from 1-year high
- -47.3%
- Maximum drawdown, 3 years
- -55.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 1, 2021 | Sep 27, 2023 | -70.1% | 478 days | 346 days (Feb 13, 2025) |
| Feb 18, 2025 | Sep 28, 2026 | -55.8% | 404 days | Not yet recovered |
| Sep 21, 2021 | Oct 6, 2021 | -24.1% | 11 days | 8 days (Oct 18, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $6.68B
- P/E (TTM)
- 53.7
- EPS, diluted (TTM)
- $0.72
- Revenue (TTM)
- $1.88B
- 52-week range
- $37.40 – $74.02
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $497.9M | $739.0M | $965.8M | $1.28B | $1.64B |
| Gross profit | $153.3M | $180.9M | $251.3M | $340.1M | $423.9M |
| Operating income | -$111.2M | -$2.6M | $46.2M | $106.1M | $161.2M |
| Net income | -$12.7M | -$4.8M | $1.7M | $35.3M | $79.8M |
| EPS (diluted) | -$0.28 | -$0.09 | $0.03 | $0.31 | $0.63 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $338.2M | $342.8M | $355.2M | $415.8M | $423.6M | $443.6M | $464.4M | $550.9M |
| Net income | $12.6M | $3.6M | $15.4M | $25.6M | $17.5M | $21.4M | $16.1M | $37.4M |
| EPS (diluted) | $0.11 | $0.03 | $0.13 | $0.20 | $0.14 | $0.17 | $0.13 | $0.28 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $80.4M | $59.9M | $139.9M | $246.4M | $295.5M |
| Capital expenditure | -$118.4M | -$187.9M | -$228.5M | -$221.7M | -$241.1M |
| Free cash flow | -$38.1M | -$128.0M | -$88.5M | $24.7M | $54.4M |
| Dividends paid | -$213.3M | $0 | $0 | $0 | $0 |
| Net share buybacks | $237.2M | -$3.9M | $331.2M | -$1.1M | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $268.6M
- Total assets
- $3.38B
- Total liabilities
- $2.40B
- Total debt
- $1.21B
- Net debt
- $938.7M
- Shareholders’ equity
- $797.7M
As of Jun 30, 2026 (filed Aug 6, 2026).
Short interest
- Shares sold short
- 16,413,424
- Days to cover
- 3.89
- Change vs previous report
- -4.2%
FINRA short interest, settlement date Sep 15, 2026.