Dutch Bros Inc. (BROS) vs The Cheesecake Factory Incorporated (CAKE)

Dutch Bros Inc. and The Cheesecake Factory Incorporated are both Restaurants companies. Dutch Bros Inc. is the larger, with a market value of $6.8B against $5.3B — 1.3× the size. The Cheesecake Factory Incorporated trades at the lower P/E: 27.3× against 52.8×. Dutch Bros Inc. grew revenue faster over the last twelve months: 29.7% against 5.66%. Dutch Bros Inc. has the higher net margin (4.91% vs 4.61%) and the lower return on invested capital (12.4% vs 14.4%). Across the 22 metrics below, Dutch Bros Inc. leads on 12 and The Cheesecake Factory Incorporated on 10.

Valuation

Metric BROS CAKE Restaurants median
P/E 52.81 27.25 22.14
P/S 2.72 1.26 0.91
P/B 5.24 9.38 2.01
Price to free cash flow 53.76 23.72 19.41
EV/EBITDA 16.03 16.71 11.48
EV/Sales 2.68 1.37 1.20
Earnings yield 1.89% 3.67% 2.30%
Free cash flow yield 1.86% 4.22% 3.92%

Profitability

Metric BROS CAKE Restaurants median
Gross margin 25.10% 16.50% 38.77%
Operating margin 9.57% 5.27% 4.30%
Net margin 4.91% 4.61% 1.85%
Free cash flow margin 5.05% 5.29% 3.12%
Return on equity 10.21% 38.83% 3.07%
Return on assets 2.99% 5.54% 1.50%
Return on invested capital 12.44% 14.39% 3.14%

Growth

Metric BROS CAKE Restaurants median
Revenue growth (TTM) 29.65% 5.66% 5.16%
EPS growth (last fiscal year) 88.24% (4.38%) —
Revenue growth, 5-year CAGR 37.99% 13.60% 10.57%
Net income growth, 5-year CAGR 69.39% 0.00% 0.00%

Health

Metric BROS CAKE Restaurants median
Debt to equity 0.20 1.08 0.10
Current ratio 1.35 0.59 0.81
Net debt to EBITDA (0.25) 1.40 0.43

Dividend

Metric BROS CAKE Restaurants median
Dividend yield — 3.04% 2.32%
Payout ratio 0.00 0.81 0.00

Size

Metric BROS CAKE Restaurants median
Market cap 6.75b 5.27b 482.66m

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