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Dutch Bros profit margin BROS

Gross, operating and net profit as a share of revenue over the last twelve months, from 2021.

Net margin, 12 months
4.9%
Operating margin, 12 months
9.6%
Net margin on a year earlier
+1.0 pts
Peer median
7.2%

Over the twelve months to Jun 30, 2026, Dutch Bros kept 4.9% of its revenue as net profit, with an operating margin of 9.6% and a gross margin of 25.1%.

Five years earlier its net margin was −1.3%.

The median for 10 restaurant stocks of a similar size is 7.2%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY20254.9%9.8%25.9%
FY20242.8%8.3%26.5%
FY20230.2%4.8%26.0%
FY2022−0.6%−0.4%24.5%
FY2021−2.5%−22.3%30.8%
FY2020n/an/an/a

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY264.9%+1.0 pts9.6%
Q1 FY264.6%+1.4 pts9.4%
Q4 FY254.9%+2.1 pts9.8%
Q3 FY254.0%+1.5 pts9.3%
Q2 FY253.9%+2.0 pts9.2%
Q1 FY253.2%+2.0 pts8.2%
Q4 FY242.8%+2.6 pts8.3%
Q3 FY242.5%+2.3 pts7.8%
Q2 FY241.9%+1.9 pts7.6%
Q1 FY241.2%+1.7 pts6.9%
Q4 FY230.2%+0.8 pts4.8%
Q3 FY230.3%+1.1 pts5.2%

Against its peers

Companies in Restaurants nearest Dutch Bros' size, closest first, today.

CompanyProfit margin
BROSDutch Bros4.9%
EATBrinker International8.4%
CAVACava4.8%
CAKECheesecake Factory4.6%
TXRHTexas Roadhouse6.6%
ARMKAramark1.9%
YUMCYum China7.8%
WINGWingstop16.2%
SHAKShake Shack2.6%
DRIDarden Restaurants8.8%
QSRRestaurant Brands International13.1%
Peer median7.2%

Where Dutch Bros ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Dutch Bros

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.