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 statistics

96 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Feb 11, 2027 (estimated, during market hours)
Last ex-dividend date: No dividends
Fundamentals through: Sep 30, 2026
Share price as of: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $6.27B; $850.63M
Enterprise Value: $6.45B; $1.26B
PE Ratio: 46.03; 26.62
PS Ratio: 3.12; 0.84
PB Ratio: 7.56; 3.13
P/TBV Ratio: 8.18; 5.92
P/FCF Ratio: 68.97; 24.76
P/OCF Ratio: 16.65; 10.33

Enterprise valuationIndustry

EV / Sales: 3.21; 1.27
EV / EBITDA: 19.19; 11.89
EV / EBIT: 33.70; 19.19
EV / FCF: 70.97; 30.13

Share statisticsIndustry

Shares Outstanding: 175M; 35M
Shares Change (YoY): 7.27%; 0.32%
Float: 129M; 26M
Shares Held by Insiders: 26.0%; 13.9%
Shares Held by Institutions: 74.8%; 74.9%

Short sellingIndustry

Short Interest: 17M; –
Short Interest Change: -16.2%; -2.87%
Short % of Float: 13.1%; 8.80%
Short % of Shares Outstanding: 9.72%; 5.90%
Days to Cover: 3.95; 3.92

Stock price statisticsIndustry

52-Week High: $74.02; –
52-Week Low: $33.17; –
20-Day Moving Average: $40.07; –
50-Day Moving Average: $40.16; –
200-Day Moving Average: $52.25; –
Average True Range (14): $2.21; –
Price Change (1 Week): 6.31%; 1.02%
Price Change (1 Month): -12.7%; 3.70%
Price Change (3 Months): -28.8%; -6.95%
Price Change (6 Months): -29.6%; 11.7%
Price Change (YTD): -41.4%; 3.39%
Price Change (1 Year): -37.7%; 8.13%
Price Change (3 Years): 27.2%; -16.3%
Price Change (5 Years): -42.2%; -42.2%
Average Volume (10 Days): 7M; –
Average Volume (20 Days): 6M; –
Average Volume (90 Days): 4M; –
Relative Volume: 1.44; 0.73
Relative Strength Index (14): 40.7; 53.6
Volatility (1 Year): 55.6%; 55.6%
Beta (5 Years): 1.97; 1.03

MarginsIndustry

Gross Margin: 24.8%; 32.3%
Operating Margin: 9.53%; 4.39%
Profit Margin: 5.08%; 1.93%
EBITDA Margin: 16.7%; 8.92%
FCF Margin: 4.53%; 2.38%

Returns on capitalIndustry

Return on Equity (ROE): 13.7%; 7.95%
Return on Assets (ROA): 3.17%; 2.10%
Return on Invested Capital (ROIC): 21.3%; 12.4%
Return on Capital Employed (ROCE): 5.92%; 5.22%

Financial positionIndustry

Current Ratio: 1.03; 0.78
Quick Ratio: 0.77; 0.45
Debt / Equity: 0.24; 0.56
Debt / EBITDA: 0.59; 3.02
Debt / FCF: 2.17; 7.64
Net Debt / EBITDA: 0.01; 2.62

GrowthIndustry

Revenue Growth (YoY): 30.7%; 6.48%
Net Income Growth (YoY): 64.3%; 5.87%
EPS Growth (YoY): 56.0%; 5.93%
FCF Growth (YoY): 39.0%; 12.9%
Revenue Growth (3Y CAGR): 30.4%; 6.75%
Revenue Growth (5Y CAGR): 38.0%; 9.96%

EfficiencyIndustry

Asset Turnover: 0.62; 1.03
Inventory Turnover: 34.62; 42.08
Revenue Per Employee: $62.77K; $98.45K
Profits Per Employee: $3.19K; $2.40K
Employee Count: 32,000; 6,500
WACC: 14.7%; 8.75%

Income statement (TTM)Industry

Revenue: $2.01B; $886.68M
Gross Profit: $497.43M; $497.43M
Operating Income: $191.48M; $28.21M
Net Income: $102.03M; $17.16M
EBITDA: $336.30M; $65.94M
EPS (Diluted): $0.78; $0.34

Balance sheetIndustry

Cash & Short-Term Investments: $194.61M; $36.54M
Total Debt: $197.64M; $337.23M
Net Cash (Debt): -$3.03M; -$2.59M
Net Cash Per Share: -$0.02; -$0.26
Equity (Book Value): $829.78M; $106.18M
Book Value Per Share: $4.75; $2.94
Tangible Book Value: $766.20M; $4.55M
Working Capital: $9.19M; -$13.18M

Cash flow (TTM)Industry

Operating Cash Flow: $376.67M; $72.42M
Capital Expenditures: -$285.74M; -$66.96M
Free Cash Flow: $90.93M; $20.20M
FCF Per Share: $0.52; $0.43

Dividends and yieldsIndustry

Earnings Yield: 1.63%; 2.12%
FCF Yield: 1.45%; 3.06%

Taxes and interestIndustry

Income Tax: $26.76M; $1.89M

Scores and fair valueIndustry

Graham Number: $9.13; $9.55
Graham Upside: -74.6%; -62.0%
Altman Z-Score: 2.33; 2.11
Piotroski F-Score: 5; 5
Beneish M-Score: -2.09; -2.69

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	BROS	S&P 500	Difference	BROS per year	S&P 500 per year
1 month	-5.5%	-3.0%	−2.4 pts
3 months	-29.8%	-2.8%	−27.0 pts
Year to date	-41.4%	+11.5%	−52.8 pts
1 year	-35.2%	+13.5%	−48.6 pts
3 years	+32.8%	+77.7%	−44.9 pts	+9.9%	+21.1%
5 years	-42.2%	+72.6%	−114.8 pts	-10.4%	+11.5%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

17M BROS shares were sold short on Oct 30, 2026, down 16.2% from the previous report, or 13.13% of the shares available to trade. At recent volumes it would take 4.0 days to buy them back. Over the last 20 sessions, 50.0% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	16,977,402	-16.2%	4,298,028	4.0
Oct 15, 2026	20,249,678	-2.9%	4,231,785	4.8
Sep 30, 2026	20,850,463	+27.0%	4,772,719	4.4
Sep 15, 2026	16,413,424	-4.2%	4,224,561	3.9
Aug 31, 2026	17,133,875	+20.1%	3,673,951	4.7
Aug 14, 2026	14,268,890	+3.5%	5,510,367	2.6
Jul 31, 2026	13,780,964	-1.9%	2,324,822	5.9
Jul 15, 2026	14,045,520	-1.8%	2,980,560	4.7
Jun 30, 2026	14,296,357	-11.2%	3,556,020	4.0
Jun 15, 2026	16,091,468	-10.7%	3,723,884	4.3
May 29, 2026	18,021,946	+0.2%	3,558,234	5.1
May 15, 2026	17,989,257	-0.4%	5,537,304	3.3