Dutch Bros vs Chagee Holdings
Dutch Bros and Chagee Holdings are similar in size: $1.64bn and $1.80bn of revenue in their latest fiscal years. Dutch Bros grew faster (27.9% against 4.2%). Chagee Holdings kept more of each dollar of sales as profit: a net margin of 9.1% against 4.9%. Chagee Holdings carries less debt relative to equity (0.0% against 30.3%).
| Latest fiscal year | Dutch BrosBROS, 2025 | Chagee HoldingsCHA, 2025 |
|---|---|---|
| Revenue | $1.64bn | $1.80bn |
| Revenue growth | 27.9% | 4.2% |
| Net income | $79.8m | $163m |
| Operating margin | 9.8% | 10.4% |
| Net margin | 4.9% | 9.1% |
| Return on equity | 13.1% | 23.1% |
| Free cash flow | $54.4m | $171m |
| Cash | $269m | $1.09bn |
| Total debt | $206m | $0 |
| Debt to equity | 30.3% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $5.86bn | $2.09bn |
| Price vs our value range | Above our value range | — |
| Moat score | 19 (Weak) | — |
| Insider trades, 12 months | 2 buys, 81 sales | 0 buys, 0 sales |