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Side-by-side financial comparison of Dutch Bros Inc. (BROS) and On Holding AG (ONON), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Dutch Bros Inc., originally written Dutch Bros., is a publicly held drive-through coffee chain in the United States. Founded in 1992 by Dane and Travis Boersma, it is headquartered in Tempe, Arizona, after having been based in Grants Pass, Oregon, for many years prior to 2025. It has company-owned and franchise locations primarily located in the Western United States, although the company has expanded as far east as Orlando, Florida.

On Holding AG is a Swiss athletic shoe and performance sportswear company that designs and markets sports clothing and running shoes.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
BROS
BROS
ONON
ONON
Q4 25
$443.6M
Q3 25
$423.6M
Q2 25
$415.8M
Q1 25
$355.2M
Q4 24
$342.8M
Q3 24
$338.2M
Q2 24
$324.9M
Q1 24
$275.1M
Net Profit
BROS
BROS
ONON
ONON
Q4 25
$21.4M
Q3 25
$17.5M
Q2 25
$25.6M
Q1 25
$15.4M
Q4 24
$3.6M
Q3 24
$12.6M
Q2 24
$11.9M
Q1 24
$7.1M
Gross Margin
BROS
BROS
ONON
ONON
Q4 25
24.1%
Q3 25
25.2%
Q2 25
28.9%
Q1 25
25.3%
Q4 24
25.7%
Q3 24
26.6%
Q2 24
27.8%
Q1 24
26.1%
Operating Margin
BROS
BROS
ONON
ONON
Q4 25
7.7%
Q3 25
9.8%
Q2 25
13.1%
Q1 25
8.7%
Q4 24
4.6%
Q3 24
9.6%
Q2 24
9.9%
Q1 24
9.3%
Net Margin
BROS
BROS
ONON
ONON
Q4 25
4.8%
Q3 25
4.1%
Q2 25
6.2%
Q1 25
4.3%
Q4 24
1.1%
Q3 24
3.7%
Q2 24
3.7%
Q1 24
2.6%
EPS (diluted)
BROS
BROS
ONON
ONON
Q4 25
$0.17
Q3 25
$0.14
Q2 25
$0.20
Q1 25
$0.13
Q4 24
$0.03
Q3 24
$0.11
Q2 24
$0.12
Q1 24
$0.08

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

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