Filing Flows › Comparisons › SBUX vs BROS
Starbucks vs Dutch Bros: SBUX and BROS compared
Starbucks is the larger company: $9.1B of revenue in its latest quarter (Q4 FY26) against $550M for Dutch Bros (Q3 2026). Dutch Bros is growing faster (+30% against -4% a year earlier). Starbucks is more profitable, with an operating margin of 10.8% against 9.6%.
Where the money goes: SBUX and BROS
Starbucks (SBUX) · Q4 FY26
Starbucks, Q4 FY26: revenue $9.1B (-4% year over year), operating margin 10.8%, net earnings $677M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
Dutch Bros (BROS) · Q3 2026
Dutch Bros, Q3 2026: revenue $550M (+30% year over year), operating margin 9.6%, net earnings $27.2M, operating cash flow $100M. The chart follows the revenue to costs, profit and cash.
| Starbucks (SBUX) | Dutch Bros (BROS) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $9.1B | $550M |
| Revenue growth, Y/Y | -4% | +30% |
| Operating margin | 10.8% | 9.6% |
| Net earnings | $677M | $27.2M |
| Net margin | 7.4% | 4.9% |
| Operating cash flow | $1.4B | $100M |
| Free cash flow | $1.0B | $14.8M |
| Market value | $120.6B | $4.7B |
| P/E | 60.8× | 50.5× |
| Analysts’ mean target | $110.76 | $62.64 |
Where the revenue comes from
Starbucks
- Company-operated coffeehouses: $7.4B (81%)
- Licensed coffeehouses: $1.2B (13%)
- Other: $516M (6%)
Dutch Bros
- Company-operated shops: $515M (94%)
- Franchising and other: $34.8M (6%)
Questions
Which is bigger, Starbucks or Dutch Bros?
Starbucks is the larger company: $9.1B of revenue in its latest quarter (Q4 FY26) against $550M for Dutch Bros (Q3 2026).
Is Starbucks or Dutch Bros growing faster?
Dutch Bros is growing faster (+30% against -4% a year earlier).
Which is more profitable, Starbucks or Dutch Bros?
Starbucks is more profitable, with an operating margin of 10.8% against 9.6%.
More: Starbucks earnings · how Starbucks makes money · Dutch Bros earnings · how Dutch Bros makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Oct 29, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.