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Dutch Bros Inc is an operator and franchisor of drive-thru coffee shops that are focused on serving hand-crafted beverages. The company's hand-crafted beverage-focused lineup features hot and cold espresso-based beverages, cold brew coffee products, proprietary energy drinks, tea, lemonade, smoothies and other beverages. The company has two reportable operating segments Company-operated shops and Franchising. It derives maximum revenue from Company operated shops.
2021
26K+
LTM Revenue $1.4B
LTM EBITDA $244M
$8.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Dutch Bros has a last 12-month revenue of $1.4B and a last 12-month EBITDA of $244M.
In the most recent fiscal year, Dutch Bros achieved revenue of $1.3B and an EBITDA of $205M.
Dutch Bros expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Dutch Bros valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $966M | $1.3B | XXX | XXX | XXX |
| Gross Profit | $181M | $251M | XXX | XXX | XXX |
| Gross Margin | 19% | 20% | XXX | XXX | XXX |
| EBITDA | $118M | $205M | XXX | XXX | XXX |
| EBITDA Margin | 12% | 16% | XXX | XXX | XXX |
| Net Profit | -$4.8M | $1.7M | XXX | XXX | XXX |
| Net Margin | 0% | 0% | XXX | XXX | XXX |
| Net Debt | $190M | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Dutch Bros's stock price is $58.
Dutch Bros has current market cap of $7.3B, and EV of $8.0B.
See Dutch Bros trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8.0B | $7.3B | XXX | XXX | XXX | XXX | $0.52 |
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Sign UpAs of April 15, 2025, Dutch Bros has market cap of $7.3B and EV of $8.0B.
Dutch Bros's trades at 5.8x LTM EV/Revenue multiple, and 32.6x LTM EBITDA.
Analysts estimate Dutch Bros's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Dutch Bros and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $8.0B | XXX | XXX | XXX |
| EV/Revenue | 6.2x | XXX | XXX | XXX |
| EV/EBITDA | 38.8x | XXX | XXX | XXX |
| P/E | 207.3x | XXX | XXX | XXX |
| P/E/Growth | 2.2x | XXX | XXX | XXX |
| EV/FCF | 322.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpDutch Bros's NTM/LTM revenue growth is 24%
Dutch Bros's revenue per employee for the last fiscal year averaged $49K, while opex per employee averaged $9K for the same period.
Over next 12 months, Dutch Bros's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Dutch Bros's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Dutch Bros and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 33% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 73% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 40% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $49K | XXX | XXX | XXX | XXX |
| Opex per Employee | $9K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 18% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Americana Restaurants | XXX | XXX | XXX | XXX | XXX | XXX |
| Collins Foods | XXX | XXX | XXX | XXX | XXX | XXX |
| Domino's Pizza Enterprises | XXX | XXX | XXX | XXX | XXX | XXX |
| Endeavour Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Guzman y Gomez | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Dutch Bros acquired XXX companies to date.
Last acquisition by Dutch Bros was XXXXXXXX, XXXXX XXXXX XXXXXX . Dutch Bros acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Dutch Bros founded? | Dutch Bros was founded in 2021. |
| Where is Dutch Bros headquartered? | Dutch Bros is headquartered in United States of America. |
| How many employees does Dutch Bros have? | As of today, Dutch Bros has 26K+ employees. |
| Who is the CEO of Dutch Bros? | Dutch Bros's CEO is Ms. Christine Barone. |
| Is Dutch Bros publicy listed? | Yes, Dutch Bros is a public company listed on NYS. |
| What is the stock symbol of Dutch Bros? | Dutch Bros trades under BROS ticker. |
| When did Dutch Bros go public? | Dutch Bros went public in 2021. |
| Who are competitors of Dutch Bros? | Similar companies to Dutch Bros include e.g. Americana Restaurants, Collins Foods, Domino's Pizza Enterprises, Endeavour Group. |
| What is the current market cap of Dutch Bros? | Dutch Bros's current market cap is $7.3B |
| What is the current revenue of Dutch Bros? | Dutch Bros's last 12-month revenue is $1.4B. |
| What is the current EBITDA of Dutch Bros? | Dutch Bros's last 12-month EBITDA is $244M. |
| What is the current EV/Revenue multiple of Dutch Bros? | Current revenue multiple of Dutch Bros is 5.8x. |
| What is the current EV/EBITDA multiple of Dutch Bros? | Current EBITDA multiple of Dutch Bros is 32.6x. |
| What is the current revenue growth of Dutch Bros? | Dutch Bros revenue growth between 2023 and 2024 was 33%. |
| Is Dutch Bros profitable? | Yes, Dutch Bros is EBITDA-positive (as of the last 12 months). |
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