公司概述
Dutch Bros Inc. operates and franchises drive-thru shops across the United States, specializing in the sale and distribution of coffee, coffee-related products, and accessories through its Company-Operated Shops and Franchising and Other segments. The company is positioned within the Consumer Cyclical sector, specifically under the Restaurants industry, which classifies its performance with broader economic cycles and consumer discretionary spending patterns. With a market capitalization of $9.20 billion and an annual revenue of $1.64 billion, the entity manages a substantial workforce comprising 23,000 employees. These valuation and revenue figures indicate that the company holds a significant position as a mid-to-large-cap entity within the quick-service restaurant landscape, reflecting substantial asset base and operational reach.
财务健康
The company reported a total revenue of $1.64 billion and net income of $79.84 million for the trailing twelve months, resulting in an EBITDA of $284.55 million. The substantial gap between the $1.64 billion revenue and the $79.84 million net income reveals a cost structure where operating expenses and taxes consume approximately 95% of top-line earnings before interest. Free cash flow stands at -$2,030,375, which indicates a current period of capital expenditure intensity or working capital adjustments that temporarily reduces immediate financial flexibility despite positive earnings. The gross margin is 25.9%, suggesting moderate pricing power and cost of goods control in the food and beverage sector. The operating margin of 8.2% and profit margin of 4.9% further illustrate the high fixed-cost environment typical of franchise-heavy models where efficiency in labor and supply chain management is critical. In terms of leverage, total cash of $269.87 million is significantly lower than total debt of $1.09 billion, creating a net debt position, while the debt-to-equity ratio of 121.29% highlights a highly leveraged balance sheet reliant on equity financing or retained earnings to service obligations. The current ratio of 1.49 suggests adequate short-term liquidity to cover current liabilities, though the margin is not excessively high. Return on equity is 14.1%, demonstrating efficient generation of profit from shareholders' capital, whereas return on assets is 3.8%, indicating that the asset base is large relative to the net income generated.
估值评估
The trailing twelve months P/E ratio is 87.27, while the forward P/E is 46.56, implying that the market expects a significant expansion in earnings growth to justify the current high multiple over the coming year. The price-to-book ratio stands at 10.42, indicating that the market values the company at a substantial premium over its net asset book value, likely driven by intangible brand value or growth prospects. Alternative valuation metrics show a price-to-sales ratio of 5.62 and an EV/EBITDA of 28.58, suggesting that investors are willing to pay a high multiple relative to sales and operating cash flow, consistent with high-growth consumer brands. The 52-week high is $77.88 and the 52-week low is $44.58; without a specific current price provided in the source data, the relative trading position cannot be mathematically calculated, but the range defines the recent volatility envelope. The beta value is 2.51, which signifies that the stock's price volatility is more than double that of the broader market, exposing investors to heightened risk during market downturns.
Growth & Income
Revenue growth year-over-year is 29.4%, while earnings growth year-over-year is 432.8%, demonstrating that profitability is expanding at a rate vastly exceeding top-line sales growth. This disparity implies that cost synergies, margin expansion, or a significant one-time gain may be driving the earnings surge, though the specific drivers are not detailed in the provided facts. As a non-dividend payer, the company has a dividend yield of N/A and a payout ratio of 0.0%, meaning it retains all net income to fund expansion, pay down debt, or reinvest in the business rather than distributing cash to shareholders. Consequently, the overall growth and income profile is characterized by aggressive capital retention to fuel the rapid 432.8% earnings expansion and 29.4% revenue increase, prioritizing capital appreciation over current income generation.