Company / Operating Margin
Dutch Bros Inc. Operating Margin History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
9.8%
FY2025
5-year range
-22.3% / 9.8%
FY2021-FY2025
Trend
+18.8%
vs FY2024
Sector context
#86 of 195
Consumer Discretionary
What the data says
At 9.8%, Dutch Bros Inc.'s operating margin ranks #86 of 195 in the Consumer Discretionary sector. Operating Margin has increased for 4 consecutive years, from -22.3% in FY2021 to 9.8% in FY2025.
Based on SEC 10-K filings.
9.8% in FY2025 with a 5-year CAGR of +6.5%.
Improved from 4.8% to 9.8% over the past 2 years.
Consumer Discretionary sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +10.2pp
- 5-Year Change
- +6.5pp
- 10-Year Change
- -
Sector benchmark
#86 of 195 in Consumer DiscretionaryTop 44% of 195This company 9.8% Sector average 3.6%
▼
+174.4% above sector average
Key checks
Key Insights
- Dutch Bros Inc.'s operating margin has grown for 4 consecutive years.
- In FY2025, operating margin increased 18.8% year-over-year.
- Currently 6.3pp above the Consumer Discretionary sector average.
- Peak operating margin was recorded in FY2019.
Company context
Key Data Points
- Altman Z-Score 0.89 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 9.8% | +18.8% |
| FY2024 | 8.3% | +72.9% |
| FY2023 | 4.8% | +1468.6% |
| FY2022 | -0.4% | +98.4% |
| FY2021 | -22.3% | -764.9% |
| FY2020 | 3.4% | -73.6% |
| FY2019 | 12.7% | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026