Dutch Bros Inc.

BROS Consumer Cyclical Restaurants

Dutch Bros Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 27.9% from fiscal 2024.

Revenue
+29.8%
EPS
+42.9%
Free cash flow
+429.1%
Total debt
−99.2%

Quarter to September 2026, against a year earlier

34.91 9.08 −20.64%
Market cap
$6.0B
P/E
44.8×
Fwd P/E
51.6×
Dividend yield
—
F-score
5/9
Altman Z
2.99
Beneish M
−2.09
Dividend safety
70/100

Dutch Bros Inc. (BROS) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Dutch Bros Inc. (BROS) trades at a EV/EBITDA of 14.3×. Over the past ten years it has ranged from 0.0× (September 2022) to 90.0× (December 2022); the current reading is higher than 20% of that period. That is above the Restaurants industry median of 12.8× and above the Consumer Cyclical sector median of 9.8×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 27.5× 2.11%
FY2024 26.9× 37.55%
FY2023 19.6× (52.16%)
FY2022 41.0× —
FY2021 0.0× —
FY2020 62.5× 0.00%
FY2019 62.5× —

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 15.8× (48.04%)
Jun 2026 30.5× 39.21%
Mar 2026 21.9× (20.47%)
Dec 2025 27.5× (0.53%)
21 more quarters

Against its own ten years

Low 0.0× High 90.0×
Ten-year median 24.1×
Current reading's percentile 20

EV/EBITDA against peers

Company EV/EBITDA
YUMC Yum China compare 8.9×
EAT Brinker International, Inc. compare 10.7×
BROS Dutch Bros Inc. 14.3×
DPZ Domino's Pizza Inc compare 14.4×
JMKE Jersey Mike�s Subs Inc. compare 16.8×
CAKE The Cheesecake Factory Incorporated compare 17.0×
TXRH Texas Roadhouse, Inc. compare 17.8×
WING Wingstop Inc. compare 23.8×
CAVA CAVA Group, Inc. compare 41.4×
Restaurants industry median 12.8×
Consumer Cyclical sector median 9.8×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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