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Dutch Bros Valuation Multiples
Discover revenue and EBITDA valuation multiples for Dutch Bros and similar public comparables like McDonald's Japan, Brinker International, Food & Life Companies, Guming Holdings and more.
Dutch Bros Overview
About Dutch Bros
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.
Founded
2021
HQ
Employees
32.0K
Website
Sectors
Financials (LTM)
EV
$8B
Dutch Bros Financials
Dutch Bros reported last 12-month revenue of $2B and EBITDA of $321M.
In the same LTM period, Dutch Bros generated $478M in gross profit, $321M in EBITDA, and $98M in net income.
Revenue (LTM)
Dutch Bros P&L
In the most recent fiscal year, Dutch Bros reported revenue of $2B and EBITDA of $303M.
Dutch Bros expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $478M | XXX | $424M | XXX | XXX | XXX |
| Gross Margin | 27% | XXX | 26% | XXX | XXX | XXX |
| EBITDA | $321M | XXX | $303M | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $98M | XXX | $80M | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 5% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Dutch Bros Stock Performance
Dutch Bros has current market cap of $7B, and enterprise value of $8B.
Market Cap Evolution
Dutch Bros' stock price is $53.44.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $7B | 0.0% | XXX | XXX | XXX | $0.63 |
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Start Free TrialDutch Bros Valuation Multiples
Dutch Bros trades at 4.3x EV/Revenue multiple, and 23.7x EV/EBITDA.
EV / Revenue (LTM)
Dutch Bros Financial Valuation Multiples
As of April 19, 2026, Dutch Bros has market cap of $7B and EV of $8B.
Equity research analysts estimate Dutch Bros' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Dutch Bros has a P/E ratio of 69.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 4.3x | XXX | 4.7x | XXX | XXX | XXX |
| EV/EBITDA | 23.7x | XXX | 25.2x | XXX | XXX | XXX |
| EV/EBIT | 43.3x | XXX | 46.1x | XXX | XXX | XXX |
| EV/Gross Profit | 16.0x | XXX | 18.0x | XXX | XXX | XXX |
| P/E | 69.1x | XXX | 85.2x | XXX | XXX | XXX |
| EV/FCF | 173.4x | XXX | 140.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Dutch Bros Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Dutch Bros Margins & Growth Rates
Dutch Bros' revenue in the last 12 month grew by 24%.
Dutch Bros' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
Dutch Bros' rule of 40 is 43% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Dutch Bros' rule of X is 80% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Dutch Bros Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 24% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 23% | XXX | 21% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 43% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 80% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 15% | XXX | 16% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 16% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Dutch Bros Public Comps
See public comps and valuation multiples for other Restaurants & Nightlife comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Dutch Bros | XXX | XXX | XXX | XXX | XXX | XXX |
| McDonald's Japan | XXX | XXX | XXX | XXX | XXX | XXX |
| Brinker International | XXX | XXX | XXX | XXX | XXX | XXX |
| Food & Life Companies | XXX | XXX | XXX | XXX | XXX | XXX |
| Guming Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Wingstop | 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 M&A Activity
Dutch Bros acquired XXX companies to date.
Last acquisition by Dutch Bros was on XXXXXXXX, XXXXX. Dutch Bros acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Dutch Bros
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialDutch Bros Investment Activity
Dutch Bros invested in XXX companies to date.
Dutch Bros made its latest investment on XXXXXXXX, XXXXX. Dutch Bros invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Dutch Bros
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Dutch Bros
| When was Dutch Bros founded? | Dutch Bros was founded in 2021. |
| Where is Dutch Bros headquartered? | Dutch Bros is headquartered in United States. |
| How many employees does Dutch Bros have? | As of today, Dutch Bros has over 32K employees. |
| Who is the CEO of Dutch Bros? | Dutch Bros' CEO is Christine Barone. |
| Is Dutch Bros publicly listed? | Yes, Dutch Bros is a public company listed on NYSE. |
| 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? | Dutch Bros main competitors are McDonald's Japan, Brinker International, Food & Life Companies, Guming Holdings. |
| What is the current market cap of Dutch Bros? | Dutch Bros' current market cap is $7B. |
| What is the current revenue of Dutch Bros? | Dutch Bros' last 12 months revenue is $2B. |
| What is the current revenue growth of Dutch Bros? | Dutch Bros revenue growth (NTM/LTM) is 24%. |
| What is the current EV/Revenue multiple of Dutch Bros? | Current revenue multiple of Dutch Bros is 4.3x. |
| Is Dutch Bros profitable? | Yes, Dutch Bros is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Dutch Bros? | Dutch Bros' last 12 months EBITDA is $321M. |
| What is Dutch Bros' EBITDA margin? | Dutch Bros' last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Dutch Bros? | Current EBITDA multiple of Dutch Bros is 23.7x. |
| What is the current FCF of Dutch Bros? | Dutch Bros' last 12 months FCF is $44M. |
| What is Dutch Bros' FCF margin? | Dutch Bros' last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of Dutch Bros? | Current FCF multiple of Dutch Bros is 173.4x. |
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