Dutch Bros Inc. (BROS) stock

BROSNYSERetail-Eating & Drinking PlacesFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 13/302% above fair value

$35.90+2.19 (+6.50%)

Close on Nov 13, 2026Market cap $6.27BP/E 46.0Yield –

Dutch Bros operating margin

Operating margin is operating income as a percentage of revenue.

Dutch Bros's operating margin for the twelve months ending Sep 30, 2026 was 9.5%. For fiscal 2025 it was 9.8%, against 8.3% the year before. The highest annual figure on record is 12.7% in fiscal 2019.

Annual operating margin

Period	Period end	Value	Change (pts)
FY2025	Dec 31, 2025	9.8%	+1.6
FY2024	Dec 31, 2024	8.3%	+3.5
FY2023	Dec 31, 2023	4.8%	+5.1
FY2022	Dec 31, 2022	-0.4%	+22.0
FY2021	Dec 31, 2021	-22.3%	−25.7
FY2020	Dec 31, 2020	3.4%	−9.4
FY2019	Dec 31, 2019	12.7%	–

Quarterly operating margin

Change is against the same quarter a year earlier.

Period	Period end	Value	Change (pts)
Q3 FY2026	Sep 30, 2026	9.6%	−0.2
Q2 FY2026	Jun 30, 2026	12.8%	−0.4
Q1 FY2026	Mar 31, 2026	7.4%	−1.4
Q4 FY2025	Dec 31, 2025	7.7%	+3.1
Q3 FY2025	Sep 30, 2025	9.8%	+0.2
Q2 FY2025	Jun 30, 2025	13.1%	+3.2
Q1 FY2025	Mar 31, 2025	8.7%	−0.5
Q4 FY2024	Dec 31, 2024	4.6%	+3.7
Q3 FY2024	Sep 30, 2024	9.6%	+0.3
Q2 FY2024	Jun 30, 2024	9.9%	+2.1
Q1 FY2024	Mar 31, 2024	9.3%	+9.4
Q4 FY2023	Dec 31, 2023	0.9%	−1.0
Q3 FY2023	Sep 30, 2023	9.3%	+6.7
Q2 FY2023	Jun 30, 2023	7.8%	+6.4
Q1 FY2023	Mar 31, 2023	-0.1%	+9.2
Q4 FY2022	Dec 31, 2022	1.9%	+6.9
Q3 FY2022	Sep 30, 2022	2.6%	+91.0
Q2 FY2022	Jun 30, 2022	1.4%	−9.6
Q1 FY2022	Mar 31, 2022	-9.3%	−5.6
Q4 FY2021	Dec 31, 2021	-5.1%	+0.0
Q3 FY2021	Sep 30, 2021	-88.3%	−97.5
Q2 FY2021	Jun 30, 2021	11.0%	–
Q1 FY2021	Mar 31, 2021	-3.8%	–
Q4 FY2020	Dec 31, 2020	-5.1%	–
Q3 FY2020	Sep 30, 2020	9.2%	–