Invesaro

Stocks Comparison

Dutch Bros vs Cannae: revenue, profit, margins and growth compared

Dutch Bros brought in $1.6B of revenue in fiscal 2025, Cannae $423.6M in fiscal 2025. Revenue changed by +27.9% at Dutch Bros and -6.4% at Cannae on the year before, so Dutch Bros grew faster. Dutch Bros kept 4.9% of its revenue as net profit, Cannae -121.2%. Free cash flow was $54.4M at Dutch Bros and -$28.5M at Cannae.

Side by side, latest fiscal year

BROSCNNE
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.6B$423.6M
Revenue growth+27.9%-6.4%
Net income$79.8M-$513.2M
Net margin4.9%-121.2%
Free cash flow$54.4M-$28.5M
Free cash flow margin3.3%-6.7%
Earnings per share (diluted)$0.64-$9.08
Cash$269.4M$182M
Debt$202.5M$70.8M
Price to earnings59.2n/a
Market value$6.6B$682.7M
Dividend yieldn/an/a
Rank by revenue in sector#386 of 778 · Consumer discretionary#582 of 778 · Consumer discretionary

Over the years

Revenue
BROS FY2019: $238.4MBROS FY2021: $327.4MBROS FY2021: $497.9MBROS FY2022: $739MBROS FY2023: $965.8MBROS FY2024: $1.3BBROS FY2025: $1.6BCNNE FY2018: $1.3BCNNE FY2019: $1.4BCNNE FY2020: $3BCNNE FY2021: $742.2MCNNE FY2022: $662.1MCNNE FY2023: $570MCNNE FY2024: $452.5MCNNE FY2025: $423.6MFY18FY19FY20FY21FY22FY23FY24FY25
BROS $1.6BCNNE $423.6M
Net income
BROS FY2019: $0BROS FY2021: $0BROS FY2021: -$12.7MBROS FY2022: -$4.8MBROS FY2023: $1.7MBROS FY2024: $35.3MBROS FY2025: $79.8MCNNE FY2018: $27.6MCNNE FY2019: $77.3MCNNE FY2020: $1.8BCNNE FY2021: -$287MCNNE FY2022: -$428.1MCNNE FY2023: -$313.4MCNNE FY2024: -$304.6MCNNE FY2025: -$513.2MFY18FY19FY20FY21FY22FY23FY24FY25
BROS $79.8MCNNE -$513.2M
Net margin
BROS FY2019: 0.0%BROS FY2021: 0.0%BROS FY2021: -2.5%BROS FY2022: -0.6%BROS FY2023: 0.2%BROS FY2024: 2.8%BROS FY2025: 4.9%CNNE FY2018: 2.1%CNNE FY2019: 5.4%CNNE FY2020: 60.2%CNNE FY2021: -38.7%CNNE FY2022: -64.7%CNNE FY2023: -55.0%CNNE FY2024: -67.3%CNNE FY2025: -121.2%FY18FY19FY20FY21FY22FY23FY24FY25
BROS 4.9%CNNE -121.2%
Revenue growth
BROS FY2021: +37.4%BROS FY2021: +52.1%BROS FY2022: +48.4%BROS FY2023: +30.7%BROS FY2024: +32.6%BROS FY2025: +27.9%CNNE FY2019: +9.3%CNNE FY2020: +105.4%CNNE FY2021: -75.0%CNNE FY2022: -10.8%CNNE FY2023: -13.9%CNNE FY2024: -20.6%CNNE FY2025: -6.4%FY19FY20FY21FY22FY23FY24FY25
BROS +27.9%CNNE -6.4%
Free cash flow
BROS FY2019: $17.2MBROS FY2021: $13MBROS FY2021: -$38.1MBROS FY2022: -$128MBROS FY2023: -$88.5MBROS FY2024: $24.7MBROS FY2025: $54.4MCNNE FY2018: -$38.5MCNNE FY2019: -$112.5MCNNE FY2020: -$136.2MCNNE FY2021: -$189.8MCNNE FY2022: -$219.4MCNNE FY2023: -$97.8MCNNE FY2024: -$97.1MCNNE FY2025: -$28.5MFY18FY19FY20FY21FY22FY23FY24FY25
BROS $54.4MCNNE -$28.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Dutch Bros and Cannae

Which is bigger by revenue, Dutch Bros or Cannae?

Dutch Bros is bigger by revenue: $1.6B in fiscal 2025, against $423.6M for Cannae in fiscal 2025.

Which keeps more of its revenue as profit, Dutch Bros or Cannae?

Dutch Bros had a net margin of 4.9% in fiscal 2025; Cannae had -121.2% in fiscal 2025.

Which grew revenue faster, Dutch Bros or Cannae?

In their latest fiscal years revenue changed by +27.9% at Dutch Bros and -6.4% at Cannae.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies