Operating performance
Revenue, profitability, and free cash flow are shown together so you can see scale, margin conversion, and cash generation on one screen.
Annualised change across the filed history.
Revenue CAGR 5Y
38.0%
Free Cash Flow CAGR 5Y
33.2%
Operating Income CAGR 3Y
71.1%
Filing-backed read on scale, margins, and cash flow.
Free Cash Flow
FY 2025+120.3%
Net Margin
FY 2025+2.1 pt
Valuation snapshot
A target is published only when both the filing-backed DCF and the peer fair value clear the confidence gate.
Current price
—
Market cap —
Fair value estimate
Withheld
Filing-backed DCF failed the evidence gate.
Implied upside
—
DCF: At least 3 of the last 5 annual free-cash-flow observations must be positive.
Valuation anchors
Scale: $33.57 – $36.37
Peer
This score describes input coverage, not the probability that a valuation or investment return will be correct.
Evidence gate detail
Filing-backed DCF failed the evidence gate.
DCF: At least 3 of the last 5 annual free-cash-flow observations must be positive.
Policy
Filing-Backed v2
Basis
Operating cash flow less capex (firm-value proxy)
Shares
Diluted shares
Bridge
Net debt + securities
Market context
Market price unavailable
Current price stacked against the same public-equity anchors shown in the confidence-gated hero.
How to read this
Capital structure
The overview keeps the capital structure bridge close to the cash-generation picture so fair value can be read in equity terms.
FY 2025 · filed Feb 13, 2026
Cash & Securities
$269.4M
Total Debt
—
Net Cash / Debt
—
Equity
Peer context
The overview keeps peer evidence concise here and sends detailed bridging to the relative-valuation tab.
Peer fair value
Per-share fair value from the weighted peer set.
Average P/E
Price to earnings across covered peers.
Average P/S
Price to sales across covered peers.
Intrinsic context
The overview surfaces the baseline intrinsic read and the reverse-DCF question, then sends the deeper workbench to the intrinsic tab.
At least 3 of the last 5 annual free-cash-flow observations must be positive.
Company profile
Identifiers, classification, and listing detail behind every figure on this page.
$680.8M
Tangible Equity
$657.7M
Net cash or debt is unavailable because complete debt and cash evidence is required to bridge enterprise value into equity value.
Latest annual cash generation after capital spending.
Operating Cash Flow
$295.5M
Capital Expenditures
$-241.1M
Free Cash Flow
$54.4M
CFO Margin
18.0%
FCF Margin
3.3%
CFO / Net Income
3.70x
FCF / Net Income
0.68x
Quality and risk
Altman, Piotroski, liquidity, and leverage sit together so the valuation read can be judged against balance-sheet reality.
Distress risk from the latest annual balance sheet.
Nine filing-backed checks on profitability, leverage, and efficiency.
neutral
Current Ratio
1.49x
Quick Ratio
1.28x
Average EV/EBITDA
Enterprise multiple across covered peers.
4 peers across 2 active peer methods
Dutch Bros Inc. (BROS) market cap plus annual debt, less cash and eligible marketable securities.
A dated market value and complete annual debt and cash evidence are required for this bridge.
