Darden Restaurants (DRI) Financials

$213.57 -0.19 (-0.09%)

Closing price 03:59 PM Eastern

Extended Trading

$213.33 -0.24 (-0.11%)

As of 07:52 PM Eastern

Annual Income Statements for Darden Restaurants

This table shows Darden Restaurants' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	5/26/2024	5/28/2023	5/29/2022	5/30/2021	5/31/2020	5/26/2019	5/27/2018	5/28/2017	5/29/2016	5/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,028	982	953	629	-52	713	596	479	375	710
Consolidated Net Income / (Loss)	1,028	982	953	629	-52	713	596	479	375	710
Net Income / (Loss) Continuing Operations	1,031	984	955	632	-49	719	604	483	360	196
Total Pre-Tax Income	1,176	1,121	1,094	577	-161	782	606	637	450	175
Total Operating Income	1,314	1,202	1,162	649	48	833	767	678	622	368
Total Gross Profit	2,410	2,083	1,995	1,494	1,408	8,510	1,745	4,905	4,744	1,423
Total Revenue	11,390	10,488	9,630	7,196	7,807	8,510	8,080	7,170	6,934	6,764
Operating Revenue	11,390	10,488	9,630	7,196	7,807	8,510	8,080	7,170	6,934	6,764
Total Cost of Revenue	8,980	8,404	7,635	5,703	6,399	0.00	6,335	2,265	2,189	5,342
Operating Cost of Revenue	8,980	8,404	7,635	5,703	6,399	-	6,335	2,265	2,189	4,221
Total Operating Expenses	1,096	882	833	845	1,361	7,678	979	4,227	4,122	1,055
Selling, General & Admin Expense	479	386	373	396	376	406	410	388	385	430
Marketing Expense	145	118	93	91	238	255	252	240	238	243
Depreciation Expense	460	388	368	351	356	337	313	273	290	319
Impairment Charge	12	-11	-2.00	6.60	390	19	3.40	-8.40	5.80	62
Total Other Income / (Expense), net	-139	-81	-69	-72	-209	-50	-161	-40	-173	-192
Interest & Investment Income	-139	-81	-69	-64	-57	-50	-161	-40	-173	-192
Income Tax Expense	145	137	139	-56	-112	64	1.90	155	90	-21
Net Income / (Loss) Discontinued Operations	-2.90	-1.60	-1.90	-3.10	-3.20	-5.20	-7.80	-3.40	15	513
Basic Earnings per Share	$8.57	$8.06	$7.46	$4.83	($0.43)	$5.78	$4.81	$3.85	$2.94	$5.56
Weighted Average Basic Shares Outstanding	119.90M	121.90M	127.80M	130.40M	122.70M	123.50M	124M	124.30M	127.40M	127.70M
Diluted Earnings per Share	$8.51	$7.99	$7.39	$4.77	($0.43)	$5.69	$4.73	$3.80	$2.90	$5.47
Weighted Average Diluted Shares Outstanding	120.80M	122.90M	129M	131.80M	122.70M	125.40M	126M	126M	129.30M	129.70M
Weighted Average Basic & Diluted Shares Outstanding	118.86M	121.07M	123.95M	130.76M	129.89M	123.40M	123.90M	124.40M	127.60M	127.60M
Cash Dividends to Common per Share	$5.24	$4.84	$4.40	$1.55	$2.64	$3.00	$2.52	$2.24	$2.10	$2.20

This table shows Darden Restaurants' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	2/23/2025	11/24/2024	8/25/2024	5/26/2024	2/25/2024	11/26/2023	8/27/2023	5/28/2023	2/26/2023	11/27/2022	8/28/2022
Net Income / (Loss) Attributable to Common Shareholders	323	215	207	308	313	212	195	315	287	187	193
Consolidated Net Income / (Loss)	323	215	207	308	313	212	195	315	287	187	193
Net Income / (Loss) Continuing Operations	324	216	208	310	313	212	195	316	287	188	194
Total Pre-Tax Income	373	246	232	360	351	241	223	352	330	213	224
Total Operating Income	418	292	269	395	387	279	253	375	350	233	244
Total Gross Profit	702	613	563	657	646	550	558	603	585	443	454
Total Revenue	3,158	2,890	2,757	2,957	2,975	2,727	2,731	2,769	2,786	2,487	2,446
Operating Revenue	3,158	2,890	2,757	2,957	2,975	2,727	2,731	2,769	2,786	2,487	2,446
Total Cost of Revenue	2,456	2,277	2,194	2,301	2,329	2,177	2,173	2,167	2,202	2,044	1,993
Operating Cost of Revenue	2,456	2,277	2,194	2,301	2,329	2,177	2,173	2,167	2,202	2,044	1,993
Total Operating Expenses	284	321	294	261	258	272	305	228	235	210	209
Selling, General & Admin Expense	117	144	126	103	108	115	153	100	107	90	88
Marketing Expense	35	49	45	37	32	37	39	29	28	31	30
Depreciation Expense	132	128	122	120	118	113	110	97	98	97	96
Impairment Charge	0.10	0.00	1.00	1.40	0.40	7.50	3.10	1.80	1.30	-8.80	-4.90
Total Other Income / (Expense), net	-46	-46	-37	-35	-37	-37	-30	-22	-20	-20	-20
Interest & Investment Income	-46	-46	-37	-35	-37	-37	-30	-22	-20	-20	-20
Income Tax Expense	49	30	25	50	38	29	28	37	44	26	31
Net Income / (Loss) Discontinued Operations	-0.30	-0.60	-0.40	-1.90	-0.50	-0.20	-0.30	-0.50	-0.20	-0.30	-0.60
Basic Earnings per Share	$2.76	$1.83	$1.75	$2.57	$2.62	$1.77	$1.61	$2.60	$2.36	$1.53	$1.57
Weighted Average Basic Shares Outstanding	117.20M	117.50M	118.50M	119.90M	119.40M	119.90M	120.90M	121.90M	121.40M	122.10M	122.90M
Diluted Earnings per Share	$2.74	$1.82	$1.74	$2.56	$2.60	$1.76	$1.59	$2.57	$2.34	$1.52	$1.56
Weighted Average Diluted Shares Outstanding	118M	118.30M	119.20M	120.80M	120.40M	120.80M	122M	122.90M	122.50M	123.10M	123.90M
Weighted Average Basic & Diluted Shares Outstanding	117.03M	117.15M	117.50M	118.86M	119.36M	119.41M	120.31M	121.07M	120.93M	121.71M	122.39M
Cash Dividends to Common per Share	$1.40	$1.40	$1.40	$1.31	$1.31	$1.31	$1.31	$1.21	$1.21	$1.21	$1.21

This table details how cash moves in and out of Darden Restaurants' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	5/26/2024	5/28/2023	5/29/2022	5/30/2021	5/31/2020	5/26/2019	5/27/2018	5/28/2017	5/29/2016	5/31/2015
Net Change in Cash & Equivalents	-196	-56	-743	451	306	310	-104	-42	-612	-57
Net Cash From Operating Activities	1,622	1,553	1,265	1,194	717	1,268	1,002	916	802	806
Net Cash From Continuing Operating Activities	1,622	1,553	1,265	1,194	717	1,268	1,020	916	820	874
Net Income / (Loss) Continuing Operations	1,031	984	955	632	-49	719	604	483	360	196
Consolidated Net Income / (Loss)	1,028	982	953	629	-52	713	596	479	375	710
Net Income / (Loss) Discontinued Operations	-2.90	-1.60	-1.90	-3.10	-3.20	-5.20	-7.80	-3.40	15	513
Depreciation Expense	460	388	368	351	356	337	313	273	290	319
Non-Cash Adjustments To Reconcile Net Income	63	56	69	44	579	85	77	43	126	150
Changes in Operating Assets and Liabilities, net	69	125	-128	166	-169	128	24	118	27	140
Net Cash From Investing Activities	-1,325	-568	-389	-264	-544	-463	-451	-1,070	75	-245
Net Cash From Continuing Investing Activities	-1,325	-568	-389	-264	-544	-463	-451	-1,070	75	-235
Purchase of Property, Plant & Equipment	-628	-594	-403	-270	-485	-478	-419	-318	-252	-313
Acquisitions	-701	0.00	0.00	-	-56	0.00	-40	-764	0.00	0.00
Sale of Property, Plant & Equipment	3.30	25	10	5.40	5.80	13	3.30	8.30	325	68
Other Investing Activities, net	1.50	0.50	3.40	1.20	-9.50	2.10	4.80	4.70	1.80	-
Net Cash From Financing Activities	-483	-1,033	-1,610	-479	139	-484	-637	129	-1,453	-2,202
Net Cash From Continuing Financing Activities	-483	-1,033	-1,597	-479	139	-484	-637	129	-1,121	-1,785
Repayment of Debt	-632	-20	-2.70	-270	-750	-144	-1,386	-7.50	-1,100	-1,673
Repurchase of Common Equity	-454	-459	-1,071	-45	-330	-208	-235	-230	-185	-502
Payment of Dividends	-628	-590	-563	-203	-322	371	-314	-279	-268	-279
Issuance of Debt	1,187	0.00	0.00	0.00	1,021	138	1,260	500	0.60	0.00
Issuance of Common Equity	44	35	40	46	526	59	38	113	99	160
Other Net Changes in Cash	-9.80	-7.20	-8.50	0.50	-6.10	-10	-18	-18	-36	1,583

This table details how cash moves in and out of Darden Restaurants' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	2/23/2025	11/24/2024	8/25/2024	5/26/2024	2/25/2024	11/26/2023	8/27/2023	5/28/2023	2/26/2023	11/27/2022	8/28/2022
Net Change in Cash & Equivalents	-2.80	25	-3.20	-48	48	-21	-176	81	35	-136	-36
Net Cash From Operating Activities	588	389	273	426	586	341	269	412	505	208	428
Net Cash From Continuing Operating Activities	588	389	273	426	586	341	269	412	505	208	428
Net Income / (Loss) Continuing Operations	324	216	208	310	313	212	195	316	287	188	194
Consolidated Net Income / (Loss)	324	215	207	308	313	212	195	315	287	187	193
Net Income / (Loss) Discontinued Operations	-0.20	-0.60	-0.40	-1.90	-0.50	-0.20	-0.30	-0.50	-0.20	-0.30	-0.60
Depreciation Expense	132	128	122	120	118	113	110	97	98	97	96
Non-Cash Adjustments To Reconcile Net Income	17	12	28	10	3.60	18	30	14	14	8.90	19
Changes in Operating Assets and Liabilities, net	116	33	-84	-14	151	-2.40	-66	-15	106	-85	120
Net Cash From Investing Activities	-160	-790	-150	-149	-153	-169	-854	-159	-136	-155	-118
Net Cash From Continuing Investing Activities	-160	-790	-150	-149	-153	-169	-854	-159	-136	-155	-118
Purchase of Property, Plant & Equipment	-163	-176	-152	-149	-154	-169	-156	-163	-137	-166	-129
Other Investing Activities, net	2.90	-0.10	1.80	-0.10	1.30	0.10	0.20	-	0.30	0.10	0.10
Net Cash From Financing Activities	-423	426	-127	-325	-375	-193	409	-170	-328	-190	-345
Net Cash From Continuing Financing Activities	-423	426	-127	-325	-375	-193	409	-170	-328	-190	-345
Repurchase of Common Equity	-53	-142	-172	-97	-33	-181	-143	-35	-124	-100	-199
Payment of Dividends	-164	-165	-166	-156	-156	-157	-159	-147	-147	-148	-149
Issuance of Debt	-217	731	207	-72	-191	755	695	-	-58	58	0.00
Issuance of Common Equity	17	12	9.70	6.60	11	3.60	22	17	6.60	5.30	6.40
Other Financing Activities, net	-5.80	-4.60	-5.10	-	-5.50	-3.00	-5.50	-	-5.40	-4.50	-4.30
Other Net Changes in Cash	-7.90	-	0.00	-0.50	-9.30	-	0.00	-1.70	-6.40	1.40	-0.50

This table presents Darden Restaurants' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	5/26/2024	5/28/2023	5/29/2022	5/30/2021	5/31/2020	5/26/2019	5/27/2018	5/28/2017	5/29/2016	5/31/2015
Total Assets	11,323	10,242	10,136	10,656	9,946	5,893	5,470	5,292	4,583	5,995
Total Current Assets	823	998	1,179	1,871	1,101	893	554	588	820	1,056
Cash & Equivalents	195	368	421	1,215	763	457	147	233	275	536
Accounts Receivable	79	80	72	68	50	88	84	76	64	78
Inventories, net	291	288	271	191	207	207	205	179	175	164
Prepaid Expenses	137	155	141	60	63	98	90	81	76	69
Current Deferred & Refundable Income Taxes	122	107	275	337	18	42	16	6.20	209	176
Plant, Property, & Equipment, net	0.00	3,725	0.00	0.00	0.00	2,553	2,430	2,272	2,042	3,216
Total Noncurrent Assets	10,500	5,519	8,956	8,785	8,845	2,448	2,486	2,432	1,721	1,723
Goodwill	1,391	1,037	1,037	1,037	1,037	1,184	1,184	1,202	872	872
Intangible Assets	1,148	806	806	806	806	951	951	950	575	575
Other Noncurrent Operating Assets	7,961	3,675	7,113	6,941	7,001	313	352	280	274	276
Total Liabilities & Shareholders' Equity	11,323	10,242	10,136	10,656	9,946	5,893	5,470	5,292	4,583	5,995
Total Liabilities	9,081	8,040	7,938	7,843	7,615	3,500	3,275	3,191	2,631	3,661
Total Current Liabilities	2,193	1,937	1,848	1,848	1,793	1,474	1,385	1,289	1,187	1,197
Short-Term Debt	87	0.00	-	-	270	0.00	-	-	-	15
Accounts Payable	400	426	367	305	249	333	277	250	242	199
Current Deferred Revenue	592	512	498	474	468	429	416	389	360	329
Current Deferred & Payable Income Tax Liabilities	6.10	7.80	32	36	6.20	12	0.00	1.90	0.00	13
Current Employee Benefit Liabilities	190	173	182	177	150	175	178	149	135	141
Other Taxes Payable	71	66	65	61	43	54	57	54	49	-
Other Current Liabilities	847	753	705	796	606	472	458	446	401	449
Total Noncurrent Liabilities	6,888	6,103	6,090	5,995	5,822	2,026	1,890	1,901	1,444	2,465
Long-Term Debt	1,370	885	901	930	929	928	927	937	440	1,452
Noncurrent Deferred Revenue	3,705	-	3,756	4,089	4,276	354	318	283	250	226
Noncurrent Deferred & Payable Income Tax Liabilities	232	142	201	222	56	157	114	146	255	342
Other Noncurrent Operating Liabilities	1,581	5,076	1,232	755	561	587	532	536	499	445
Total Equity & Noncontrolling Interests	2,243	2,202	2,198	2,813	2,331	2,393	2,195	2,102	1,952	2,334
Total Preferred & Common Equity	2,243	2,202	2,198	2,813	2,331	2,393	2,195	2,102	1,952	2,334
Total Common Equity	2,243	2,202	2,198	2,813	2,331	2,393	2,195	2,102	1,952	2,334
Common Stock	2,252	2,231	2,226	2,287	2,205	1,685	1,632	1,615	1,503	1,406
Retained Earnings	-36	-33	-26	522	144	807	658	560	548	1,026
Accumulated Other Comprehensive Income / (Loss)	26	3.20	-1.90	4.20	-18	-98	-85	-63	-87	-87

This table presents Darden Restaurants' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	2/23/2025	11/24/2024	8/25/2024	5/26/2024	2/25/2024	11/26/2023	8/27/2023	5/28/2023	2/26/2023	11/27/2022	8/28/2022
Total Assets	12,561	12,519	11,356	11,323	11,358	11,322	11,269	10,242	10,075	10,025	10,015
Total Current Assets	881	880	820	823	876	868	836	998	891	892	941
Cash & Equivalents	224	217	193	195	244	196	192	368	275	241	378
Accounts Receivable	66	78	64	79	72	80	59	80	58	72	51
Inventories, net	325	318	298	291	298	311	287	288	306	296	273
Prepaid Expenses	137	152	162	137	140	142	199	155	166	168	171
Current Deferred & Refundable Income Taxes	129	115	104	122	123	139	99	107	86	116	69
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3,725	0.00	0.00	0.00
Total Noncurrent Assets	11,680	11,640	10,536	10,500	10,482	10,454	10,434	5,519	9,185	9,133	9,074
Goodwill	1,653	1,654	1,391	1,391	1,398	1,393	1,377	1,037	1,037	1,037	1,037
Intangible Assets	1,346	1,346	1,148	1,148	1,148	1,148	1,148	806	806	806	806
Other Noncurrent Operating Assets	8,681	8,639	7,997	7,961	7,936	7,914	7,909	3,675	7,341	7,290	7,230
Total Liabilities & Shareholders' Equity	12,561	12,519	11,356	11,323	11,358	11,322	11,269	10,242	10,075	10,025	10,015
Total Liabilities	10,358	10,448	9,212	9,081	9,177	9,282	9,121	8,040	8,032	8,004	7,950
Total Current Liabilities	2,283	2,401	2,325	2,193	2,272	2,382	2,094	1,937	1,950	1,906	1,825
Short-Term Debt	58	275	294	87	159	350	95	0.00	-	58	-
Accounts Payable	417	409	401	400	406	424	420	426	424	435	407
Current Deferred Revenue	640	552	555	592	626	547	542	512	548	464	468
Current Deferred & Payable Income Tax Liabilities	1.10	2.00	1.70	6.10	8.50	8.40	8.50	7.80	24	19	43
Current Employee Benefit Liabilities	203	193	161	190	196	177	169	173	168	137	137
Other Taxes Payable	75	81	82	71	69	70	74	66	65	68	71
Other Current Liabilities	889	890	831	847	809	805	786	753	723	725	700
Total Noncurrent Liabilities	8,075	8,047	6,887	6,888	6,905	6,901	7,027	6,103	6,081	6,098	6,125
Long-Term Debt	2,123	2,122	1,386	1,370	1,373	1,368	1,477	885	881	886	895
Noncurrent Deferred Revenue	3,898	3,939	3,637	3,705	3,774	3,815	3,878	-	3,739	3,731	3,746
Noncurrent Deferred & Payable Income Tax Liabilities	301	292	236	232	241	242	231	142	146	178	192
Other Noncurrent Operating Liabilities	1,753	1,695	1,628	1,581	1,517	1,475	1,441	5,076	1,316	1,304	1,292
Total Equity & Noncontrolling Interests	2,203	2,071	2,144	2,243	2,181	2,040	2,148	2,202	2,044	2,021	2,064
Total Preferred & Common Equity	2,203	2,071	2,144	2,243	2,181	2,040	2,148	2,202	2,044	2,021	2,064
Total Common Equity	2,203	2,071	2,144	2,243	2,181	2,040	2,148	2,202	2,044	2,021	2,064
Common Stock	2,278	2,261	2,262	2,252	2,253	2,241	2,257	2,231	2,213	2,215	2,215
Retained Earnings	-108	-219	-145	-36	-102	-229	-125	-33	-169	-200	-152
Accumulated Other Comprehensive Income / (Loss)	33	29	26	26	30	27	16	3.20	0.10	6.00	0.40

This table displays calculated financial ratios and metrics derived from Darden Restaurants' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	5/26/2024	5/28/2023	5/29/2022	5/30/2021	5/31/2020	5/26/2019	5/27/2018	5/28/2017	5/29/2016	5/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.60%	8.91%	33.82%	-7.82%	-8.27%	5.33%	12.69%	3.41%	2.51%	7.61%
EBITDA Growth	11.61%	3.85%	54.47%	292.90%	-78.43%	8.27%	13.63%	4.16%	32.83%	9.54%
EBIT Growth	9.35%	3.41%	81.59%	717.16%	-112.46%	8.57%	13.18%	8.89%	69.26%	19.00%
NOPAT Growth	9.22%	3.96%	42.59%	2,022.28%	-95.62%	0.04%	49.02%	3.07%	20.84%	27.07%
Net Income Growth	4.65%	3.05%	51.41%	1,300.95%	-107.35%	19.70%	24.40%	27.76%	-47.15%	147.90%
EPS Growth	6.51%	8.12%	54.93%	1,209.30%	-107.56%	20.30%	24.47%	31.03%	-46.98%	147.90%
Operating Cash Flow Growth	4.44%	22.79%	5.96%	66.36%	-43.40%	26.53%	9.33%	14.19%	-0.48%	45.17%
Free Cash Flow Firm Growth	-63.96%	17.42%	-9.03%	631.80%	-84.98%	45.52%	426.02%	-111.16%	117.81%	-47.90%
Invested Capital Growth	28.92%	1.49%	5.95%	-8.62%	-3.36%	-3.36%	6.11%	33.15%	-35.12%	-9.46%
Revenue Q/Q Growth	1.68%	1.61%	3.48%	16.31%	-10.94%	1.13%	2.53%	2.06%	-1.25%	3.49%
EBITDA Q/Q Growth	2.51%	2.61%	1.24%	1,098.19%	-79.31%	0.75%	6.76%	-1.18%	2.30%	13.86%
EBIT Q/Q Growth	1.62%	3.11%	1.29%	334.00%	-111.92%	-0.02%	8.46%	-2.15%	5.89%	28.31%
NOPAT Q/Q Growth	0.41%	3.64%	-8.33%	481.02%	-95.98%	4.69%	6.91%	-2.62%	0.61%	-6.17%
Net Income Q/Q Growth	-0.68%	3.52%	-8.35%	387.09%	-108.24%	4.93%	9.30%	-3.19%	10.07%	2.72%
EPS Q/Q Growth	-0.12%	4.44%	-6.93%	351.05%	-108.40%	4.79%	7.26%	-4.76%	8.61%	2.72%
Operating Cash Flow Q/Q Growth	0.85%	4.31%	-7.29%	120.61%	-43.51%	8.27%	3.71%	1.08%	-0.62%	38.85%
Free Cash Flow Firm Q/Q Growth	11.40%	-0.03%	-11.01%	280.13%	-84.27%	17.70%	369.71%	-128.07%	-0.84%	-60.14%
Invested Capital Q/Q Growth	1.05%	2.61%	1.20%	0.67%	-6.15%	-2.63%	0.63%	38.99%	-1.60%	-1.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.16%	19.87%	20.72%	20.75%	18.04%	100.00%	21.60%	68.41%	68.43%	21.03%
EBITDA Margin	15.58%	15.16%	15.89%	13.77%	3.23%	13.74%	13.36%	13.25%	13.16%	10.16%
Operating Margin	11.54%	11.46%	12.07%	9.01%	0.61%	9.78%	9.49%	9.45%	8.97%	5.43%
EBIT Margin	11.54%	11.46%	12.07%	8.89%	-1.33%	9.78%	9.49%	9.45%	8.97%	5.43%
Profit (Net Income) Margin	9.02%	9.36%	9.89%	8.75%	-0.67%	8.38%	7.38%	6.68%	5.41%	10.49%
Tax Burden Percent	87.42%	87.63%	87.13%	109.16%	32.55%	91.19%	98.40%	75.18%	83.39%	404.73%
Interest Burden Percent	89.45%	93.24%	94.09%	90.08%	155.26%	93.97%	78.99%	94.07%	72.28%	47.69%
Effective Tax Rate	12.34%	12.23%	12.69%	-9.70%	0.00%	8.14%	0.31%	24.29%	20.01%	-12.04%
Return on Invested Capital (ROIC)	37.02%	39.09%	38.98%	26.88%	1.19%	26.25%	26.57%	20.98%	18.68%	12.11%
ROIC Less NNEP Spread (ROIC-NNEP)	23.03%	24.46%	-24.33%	-82.42%	-17.78%	17.97%	3.47%	12.88%	-4.84%	37.87%
Return on Net Nonoperating Assets (RNNOA)	9.22%	5.55%	-0.95%	-2.41%	-3.41%	4.85%	1.18%	2.65%	-1.18%	19.49%
Return on Equity (ROE)	46.25%	44.63%	38.03%	24.47%	-2.22%	31.10%	27.74%	23.64%	17.50%	31.60%
Cash Return on Invested Capital (CROIC)	11.76%	37.61%	33.20%	35.89%	4.61%	29.67%	20.64%	-7.45%	61.28%	22.04%
Operating Return on Assets (OROA)	12.19%	11.80%	11.18%	6.21%	-1.31%	14.65%	14.25%	13.72%	11.76%	5.62%
Return on Assets (ROA)	9.53%	9.64%	9.17%	6.11%	-0.66%	12.56%	11.08%	9.70%	7.09%	10.85%
Return on Common Equity (ROCE)	46.25%	44.63%	38.03%	24.47%	-2.22%	31.10%	27.74%	23.64%	17.50%	31.60%
Return on Equity Simple (ROE_SIMPLE)	45.82%	44.60%	43.34%	22.37%	-2.25%	29.82%	27.16%	22.80%	19.21%	30.41%
Net Operating Profit after Tax (NOPAT)	1,152	1,055	1,015	712	34	765	764	513	498	412
NOPAT Margin	10.11%	10.06%	10.54%	9.89%	0.43%	8.99%	9.46%	7.15%	7.18%	6.09%
Net Nonoperating Expense Percent (NNEP)	13.99%	14.63%	63.30%	109.30%	18.97%	8.29%	23.10%	8.10%	23.51%	-25.76%
Cost of Revenue to Revenue	78.84%	80.14%	79.28%	79.25%	81.96%	0.00%	78.40%	31.59%	31.57%	78.97%
SG&A Expenses to Revenue	4.21%	3.68%	3.88%	5.51%	4.82%	4.76%	5.07%	5.41%	5.55%	6.36%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.62%	8.41%	8.65%	11.74%	17.43%	90.22%	12.11%	58.96%	59.45%	15.60%
Earnings before Interest and Taxes (EBIT)	1,314	1,202	1,162	640	-104	833	767	678	622	368
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,774	1,590	1,531	991	252	1,169	1,080	950	912	687
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.78	8.48	6.61	5.97	3.53	5.34	4.17	4.26	3.47	2.71
Price to Tangible Book Value (P/TBV)	0.00	52.18	40.96	17.32	16.85	49.53	151.93	0.00	13.41	7.14
Price to Revenue (P/Rev)	1.53	1.78	1.51	2.33	1.05	1.50	1.13	1.25	0.98	0.94
Price to Earnings (P/E)	16.97	19.01	15.24	26.68	0.00	17.92	15.37	18.68	18.06	8.92
Dividend Yield	3.59%	3.14%	3.78%	1.21%	4.98%	2.89%	3.41%	3.11%	3.71%	4.37%
Earnings Yield	5.89%	5.26%	6.56%	3.75%	0.00%	5.58%	6.51%	5.35%	5.54%	11.21%
Enterprise Value to Invested Capital (EV/IC)	5.34	7.06	5.60	6.53	3.13	4.63	3.36	3.46	3.31	2.25
Enterprise Value to Revenue (EV/Rev)	1.64	1.83	1.56	2.29	1.11	1.56	1.23	1.35	1.00	1.07
Enterprise Value to EBITDA (EV/EBITDA)	10.54	12.07	9.80	16.66	34.32	11.34	9.21	10.16	7.60	10.57
Enterprise Value to EBIT (EV/EBIT)	14.23	15.96	12.91	25.79	0.00	15.92	12.96	14.25	11.15	19.75
Enterprise Value to NOPAT (EV/NOPAT)	16.23	18.19	14.78	23.19	258.12	17.33	13.00	18.82	13.94	17.63
Enterprise Value to Operating Cash Flow (EV/OCF)	11.53	12.36	11.86	13.83	12.06	10.46	9.92	10.53	8.65	9.00
Enterprise Value to Free Cash Flow (EV/FCFF)	51.13	18.91	17.36	17.37	66.66	15.34	16.74	0.00	4.25	9.68
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.65	0.40	0.41	0.33	0.51	0.39	0.42	0.45	0.23	0.63
Long-Term Debt to Equity	0.61	0.40	0.41	0.33	0.40	0.39	0.42	0.45	0.23	0.62
Financial Leverage	0.40	0.23	0.04	0.03	0.19	0.27	0.34	0.21	0.24	0.51
Leverage Ratio	4.85	4.63	4.15	4.00	3.35	2.48	2.50	2.44	2.47	2.91
Compound Leverage Factor	4.34	4.32	3.90	3.61	5.21	2.33	1.98	2.29	1.78	1.39
Debt to Total Capital	39.39%	28.67%	29.07%	24.84%	33.96%	27.94%	29.68%	30.83%	18.39%	38.61%
Short-Term Debt to Total Capital	2.35%	0.00%	0.00%	0.00%	7.65%	0.00%	0.00%	0.00%	0.00%	0.39%
Long-Term Debt to Total Capital	37.04%	28.67%	29.07%	24.84%	26.31%	27.94%	29.68%	30.83%	18.39%	38.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.61%	71.33%	70.93%	75.16%	66.04%	72.06%	70.32%	69.17%	81.61%	61.40%
Debt to EBITDA	0.82	0.56	0.59	0.94	4.75	0.79	0.86	0.99	0.48	2.14
Net Debt to EBITDA	0.71	0.33	0.31	-0.29	1.73	0.40	0.72	0.74	0.18	1.36
Long-Term Debt to EBITDA	0.77	0.56	0.59	0.94	3.68	0.79	0.86	0.99	0.48	2.11
Debt to NOPAT	1.26	0.84	0.89	1.31	35.75	1.21	1.21	1.83	0.88	3.56
Net Debt to NOPAT	1.10	0.49	0.47	-0.40	12.99	0.62	1.02	1.37	0.33	2.26
Long-Term Debt to NOPAT	1.19	0.84	0.89	1.31	27.70	1.21	1.21	1.83	0.88	3.53
Altman Z-Score	2.39	2.69	2.34	2.23	1.33	4.17	3.60	3.45	3.58	2.58
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.38	0.52	0.64	1.01	0.61	0.61	0.40	0.46	0.69	0.88
Quick Ratio	0.12	0.23	0.27	0.69	0.45	0.37	0.17	0.24	0.29	0.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	366	1,015	864	950	130	864	594	-182	1,633	750
Operating Cash Flow to CapEx	259.47%	272.95%	322.27%	450.55%	149.86%	272.78%	241.11%	295.58%	0.00%	329.37%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.06	1.03	0.93	0.70	0.99	1.50	1.50	1.45	1.31	1.03
Accounts Receivable Turnover	143.00	137.82	137.38	121.97	113.06	98.96	101.25	102.50	97.65	83.61
Inventory Turnover	31.05	30.10	33.09	28.68	30.90	0.00	32.98	12.79	12.90	29.62
Fixed Asset Turnover	2.88	0.00	0.00	0.00	0.00	3.42	3.44	3.32	2.64	2.05
Accounts Payable Turnover	21.75	21.19	22.74	20.59	21.99	0.00	24.06	9.22	9.94	24.73
Days Sales Outstanding (DSO)	2.55	2.65	2.66	2.99	3.23	3.69	3.60	3.56	3.74	4.37
Days Inventory Outstanding (DIO)	11.76	12.13	11.03	12.73	11.81	0.00	11.07	28.54	28.29	12.32
Days Payable Outstanding (DPO)	16.78	17.22	16.05	17.73	16.60	0.00	15.17	39.59	36.74	14.76
Cash Conversion Cycle (CCC)	-2.47	-2.45	-2.36	-2.01	-1.56	3.69	-0.49	-7.48	-4.72	1.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,505	2,719	2,679	2,528	2,767	2,863	2,963	2,792	2,097	3,232
Invested Capital Turnover	3.66	3.89	3.70	2.72	2.77	2.92	2.81	2.93	2.60	1.99
Increase / (Decrease) in Invested Capital	786	40	150	-239	-96	-100	171	695	-1,135	-338
Enterprise Value (EV)	18,704	19,186	15,001	16,504	8,655	13,254	9,941	9,653	6,938	7,260
Market Capitalization	17,442	18,669	14,520	16,788	8,219	12,783	9,161	8,949	6,773	6,328
Book Value per Share	$18.79	$18.20	$17.62	$21.50	$19.29	$19.46	$17.73	$16.90	$15.40	$18.55
Tangible Book Value per Share	($2.48)	$2.96	$2.84	$7.41	$4.04	$2.10	$0.49	($0.40)	$3.99	$7.05
Total Capital	3,700	3,086	3,099	3,743	3,530	3,320	3,121	3,038	2,392	3,801
Total Debt	1,457	885	901	930	1,199	928	927	937	440	1,467
Total Long-Term Debt	1,370	885	901	930	929	928	927	937	440	1,452
Net Debt	1,262	517	480	-285	436	470	780	704	165	931
Capital Expenditures (CapEx)	625	569	392	265	479	465	416	310	-74	245
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,478	-1,308	-1,089	-1,192	-1,185	-1,039	-978	-934	-642	-661
Debt-free Net Working Capital (DFNWC)	-1,283	-940	-668	23	-421	-582	-831	-701	-367	-125
Net Working Capital (NWC)	-1,370	-940	-668	23	-691	-582	-831	-701	-367	-140
Net Nonoperating Expense (NNE)	124	73	62	82	86	51	168	34	123	-298
Net Nonoperating Obligations (NNO)	1,262	517	480	-285	436	470	768	690	145	899
Total Depreciation and Amortization (D&A)	460	388	368	351	356	337	313	273	290	319
Debt-free, Cash-free Net Working Capital to Revenue	-12.97%	-12.47%	-11.31%	-16.56%	-15.18%	-12.21%	-12.10%	-13.03%	-9.25%	-9.78%
Debt-free Net Working Capital to Revenue	-11.26%	-8.96%	-6.94%	0.32%	-5.40%	-6.83%	-10.28%	-9.78%	-5.29%	-1.85%
Net Working Capital to Revenue	-12.03%	-8.96%	-6.94%	0.32%	-8.86%	-6.83%	-10.28%	-9.78%	-5.29%	-2.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$8.57	$8.06	$7.46	$4.83	($0.43)	$5.78	$4.81	$3.85	$2.94	$4.96
Adjusted Weighted Average Basic Shares Outstanding	119.90M	121.90M	127.80M	130.40M	122.70M	123.50M	124M	124.30M	127.40M	143.13M
Adjusted Diluted Earnings per Share	$8.51	$7.99	$7.39	$4.77	($0.43)	$5.69	$4.73	$3.80	$2.90	$4.88
Adjusted Weighted Average Diluted Shares Outstanding	120.80M	122.90M	129M	131.80M	122.70M	125.40M	126M	126M	129.30M	145.38M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$5.78	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	118.86M	121.07M	123.95M	130.76M	129.89M	123.08M	123.54M	125.42M	126.22M	141.98M
Normalized Net Operating Profit after Tax (NOPAT)	1,163	1,046	1,013	459	307	782	768	507	502	301
Normalized NOPAT Margin	10.21%	9.97%	10.52%	6.37%	3.93%	9.19%	9.50%	7.07%	7.24%	4.45%
Pre Tax Income Margin	10.32%	10.68%	11.36%	8.01%	-2.06%	9.19%	7.50%	8.89%	6.49%	2.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	61.15%	60.07%	59.09%	32.19%	-615.08%	-51.98%	52.60%	58.26%	71.52%	39.31%
Augmented Payout Ratio	105.32%	106.78%	171.53%	39.41%	-1,245.42%	-22.89%	92.00%	106.30%	120.80%	110.11%

This table displays calculated financial ratios and metrics derived from Darden Restaurants' official financial filings.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	2/23/2025	11/24/2024	8/25/2024	5/26/2024	2/25/2024	11/26/2023	8/27/2023	5/28/2023	2/26/2023	11/27/2022	8/28/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.16%	5.97%	0.97%	6.80%	6.77%	9.68%	11.63%	6.38%	13.77%	9.43%	6.08%
EBITDA Growth	8.87%	7.37%	7.72%	9.22%	12.74%	18.48%	6.74%	9.37%	13.44%	-1.40%	-8.06%
EBIT Growth	7.95%	4.88%	6.45%	5.58%	10.72%	19.43%	3.56%	10.73%	16.32%	-3.87%	-12.97%
NOPAT Growth	4.98%	4.61%	9.09%	1.52%	13.88%	19.54%	4.76%	12.41%	15.43%	-1.35%	-14.13%
Net Income Growth	3.36%	1.41%	6.53%	-2.22%	9.18%	13.30%	0.78%	11.86%	16.03%	-3.11%	-16.41%
EPS Growth	5.38%	3.41%	9.43%	-0.39%	11.11%	15.79%	1.92%	15.25%	21.24%	2.70%	-10.86%
Operating Cash Flow Growth	0.41%	14.03%	1.52%	3.32%	16.02%	64.00%	-37.10%	18.44%	16.07%	-31.01%	137.27%
Free Cash Flow Firm Growth	30.60%	27.23%	119.08%	-250.92%	-257.03%	-387.26%	-296.06%	99.62%	136.04%	131.62%	141.16%
Invested Capital Growth	19.94%	19.32%	2.90%	28.92%	30.91%	30.78%	36.67%	1.49%	0.10%	-0.06%	-5.82%
Revenue Q/Q Growth	9.27%	4.82%	-6.77%	-0.59%	9.07%	-0.12%	-1.39%	-0.62%	12.05%	1.65%	-6.02%
EBITDA Q/Q Growth	31.04%	7.45%	-24.15%	1.94%	29.23%	7.80%	-23.09%	5.22%	35.82%	-2.88%	-21.20%
EBIT Q/Q Growth	43.17%	8.51%	-31.92%	2.07%	39.10%	10.12%	-32.47%	7.03%	50.04%	-4.50%	-27.79%
NOPAT Q/Q Growth	41.76%	6.41%	-29.28%	-1.59%	41.27%	10.97%	-34.19%	10.39%	48.28%	-2.75%	-29.39%
Net Income Q/Q Growth	50.35%	3.81%	-32.75%	-1.53%	47.52%	9.05%	-38.27%	9.94%	53.10%	-3.01%	-31.49%
EPS Q/Q Growth	50.55%	4.60%	-32.03%	-1.54%	47.73%	10.69%	-38.13%	9.83%	53.95%	-2.56%	-30.04%
Operating Cash Flow Q/Q Growth	51.36%	42.24%	-35.87%	-27.28%	71.89%	26.64%	-34.73%	-18.34%	142.97%	-51.43%	22.90%
Free Cash Flow Firm Q/Q Growth	23.99%	-411.86%	131.06%	5.75%	20.30%	18.25%	-345.77%	-1.93%	45.80%	-44.21%	150.23%
Invested Capital Q/Q Growth	-2.13%	17.07%	3.59%	1.05%	-2.64%	0.96%	29.79%	2.61%	-2.73%	5.51%	-3.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.24%	21.20%	20.41%	22.21%	21.70%	20.17%	20.42%	21.76%	20.99%	17.80%	18.54%
EBITDA Margin	17.42%	14.53%	14.17%	17.42%	16.99%	14.34%	13.28%	17.03%	16.09%	13.27%	13.89%
Operating Margin	13.24%	10.11%	9.76%	13.37%	13.02%	10.21%	9.26%	13.52%	12.56%	9.38%	9.98%
EBIT Margin	13.24%	10.11%	9.76%	13.37%	13.02%	10.21%	9.26%	13.52%	12.56%	9.38%	9.98%
Profit (Net Income) Margin	10.24%	7.44%	7.52%	10.42%	10.52%	7.78%	7.12%	11.38%	10.29%	7.53%	7.89%
Tax Burden Percent	86.77%	87.47%	89.27%	85.58%	89.17%	87.86%	87.14%	89.42%	86.77%	87.72%	86.01%
Interest Burden Percent	89.12%	84.18%	86.22%	91.05%	90.58%	86.68%	88.26%	94.10%	94.40%	91.51%	91.89%
Effective Tax Rate	13.15%	12.28%	10.56%	13.89%	10.69%	12.05%	12.72%	10.44%	13.17%	12.14%	13.73%
Return on Invested Capital (ROIC)	35.47%	26.28%	27.85%	42.14%	42.59%	31.47%	28.50%	47.07%	42.50%	30.19%	31.62%
ROIC Less NNEP Spread (ROIC-NNEP)	33.01%	24.06%	25.51%	38.50%	39.09%	28.52%	25.74%	43.00%	38.94%	26.20%	24.64%
Return on Net Nonoperating Assets (RNNOA)	24.43%	21.67%	17.05%	15.42%	17.52%	15.63%	11.60%	9.75%	8.69%	5.08%	2.59%
Return on Equity (ROE)	59.90%	47.95%	44.90%	57.56%	60.11%	47.10%	40.10%	56.82%	51.20%	35.28%	34.21%
Cash Return on Invested Capital (CROIC)	13.34%	12.68%	29.88%	11.76%	10.73%	8.48%	3.87%	37.61%	38.34%	35.93%	42.82%
Operating Return on Assets (OROA)	13.02%	9.82%	9.85%	14.12%	13.61%	10.54%	9.38%	13.92%	12.78%	9.17%	9.49%
Return on Assets (ROA)	10.07%	7.23%	7.58%	11.01%	10.99%	8.02%	7.21%	11.71%	10.47%	7.36%	7.50%
Return on Common Equity (ROCE)	59.90%	47.95%	44.90%	57.56%	60.11%	47.10%	40.10%	56.82%	51.20%	35.28%	34.21%
Return on Equity Simple (ROE_SIMPLE)	47.83%	50.38%	48.53%	0.00%	47.44%	49.43%	45.78%	0.00%	46.41%	44.98%	44.32%
Net Operating Profit after Tax (NOPAT)	363	256	241	340	346	245	221	335	304	205	211
NOPAT Margin	11.50%	8.87%	8.73%	11.51%	11.63%	8.98%	8.08%	12.11%	10.90%	8.24%	8.61%
Net Nonoperating Expense Percent (NNEP)	2.45%	2.22%	2.34%	3.64%	3.50%	2.95%	2.76%	4.07%	3.56%	4.00%	6.98%
Return On Investment Capital (ROIC_SIMPLE)	8.28%	5.73%	-	-	-	6.52%	-	-	-	-	-
Cost of Revenue to Revenue	77.76%	78.80%	79.59%	77.79%	78.30%	79.83%	79.58%	78.24%	79.01%	82.20%	81.46%
SG&A Expenses to Revenue	3.70%	4.99%	4.58%	3.48%	3.64%	4.21%	5.61%	3.63%	3.84%	3.64%	3.61%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.00%	11.09%	10.65%	8.84%	8.68%	9.96%	11.16%	8.23%	8.43%	8.43%	8.56%
Earnings before Interest and Taxes (EBIT)	418	292	269	395	387	279	253	375	350	233	244
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	550	420	391	515	505	391	363	472	448	330	340
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	10.17	9.51	8.54	7.78	9.11	8.88	8.48	8.48	8.17	8.46	7.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	52.18	83.44	96.53	65.59
Price to Revenue (P/Rev)	1.90	1.70	1.60	1.53	1.77	1.65	1.69	1.78	1.62	1.71	1.48
Price to Earnings (P/E)	21.26	18.89	17.60	16.97	19.21	17.97	18.53	19.01	17.61	18.82	15.80
Dividend Yield	2.88%	3.23%	3.46%	3.59%	3.09%	3.35%	3.28%	3.14%	3.45%	3.31%	3.87%
Earnings Yield	4.70%	5.30%	5.68%	5.89%	5.21%	5.56%	5.40%	5.26%	5.68%	5.31%	6.33%
Enterprise Value to Invested Capital (EV/IC)	5.86	5.15	5.45	5.34	6.10	5.51	5.56	7.06	6.53	6.54	5.80
Enterprise Value to Revenue (EV/Rev)	2.07	1.89	1.73	1.64	1.89	1.78	1.82	1.83	1.68	1.78	1.53
Enterprise Value to EBITDA (EV/EBITDA)	12.99	11.95	10.99	10.54	12.23	11.74	12.16	12.07	11.17	11.90	9.98
Enterprise Value to EBIT (EV/EBIT)	17.72	16.28	14.88	14.23	16.36	15.64	16.19	15.96	14.85	15.95	13.30
Enterprise Value to NOPAT (EV/NOPAT)	20.29	18.49	16.89	16.23	18.44	17.78	18.41	18.19	17.01	18.22	15.28
Enterprise Value to Operating Cash Flow (EV/OCF)	14.53	13.08	12.18	11.53	13.16	12.86	14.06	12.36	11.63	12.55	9.90
Enterprise Value to Free Cash Flow (EV/FCFF)	47.87	44.19	18.51	51.13	64.45	73.69	165.81	18.91	17.05	18.19	13.14
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.99	1.16	0.78	0.65	0.70	0.84	0.73	0.40	0.43	0.47	0.43
Long-Term Debt to Equity	0.96	1.02	0.65	0.61	0.63	0.67	0.69	0.40	0.43	0.44	0.43
Financial Leverage	0.74	0.90	0.67	0.40	0.45	0.55	0.45	0.23	0.22	0.19	0.11
Leverage Ratio	5.46	5.80	5.27	4.85	5.07	5.26	5.05	4.63	4.68	4.48	4.27
Compound Leverage Factor	4.86	4.88	4.55	4.42	4.60	4.56	4.46	4.36	4.42	4.10	3.92
Debt to Total Capital	49.75%	53.65%	43.93%	39.39%	41.25%	45.73%	42.27%	28.67%	30.12%	31.83%	30.25%
Short-Term Debt to Total Capital	1.33%	6.16%	7.69%	2.35%	4.27%	9.31%	2.56%	0.00%	0.00%	1.96%	0.00%
Long-Term Debt to Total Capital	48.42%	47.49%	36.24%	37.04%	36.98%	36.41%	39.70%	28.67%	30.12%	29.88%	30.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.25%	46.35%	56.07%	60.61%	58.75%	54.27%	57.73%	71.33%	69.88%	68.17%	69.75%
Debt to EBITDA	1.16	1.31	0.93	0.82	0.89	1.03	0.98	0.56	0.57	0.63	0.60
Net Debt to EBITDA	1.04	1.19	0.83	0.71	0.74	0.91	0.86	0.33	0.39	0.47	0.34
Long-Term Debt to EBITDA	1.13	1.16	0.77	0.77	0.79	0.82	0.92	0.56	0.57	0.59	0.60
Debt to NOPAT	1.82	2.03	1.43	1.26	1.33	1.56	1.48	0.84	0.87	0.97	0.91
Net Debt to NOPAT	1.63	1.84	1.27	1.10	1.12	1.38	1.30	0.49	0.60	0.72	0.53
Long-Term Debt to NOPAT	1.77	1.79	1.18	1.19	1.20	1.24	1.39	0.84	0.87	0.91	0.91
Altman Z-Score	2.20	1.96	2.10	2.12	2.24	2.04	2.08	2.42	2.24	2.21	2.02
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.39	0.37	0.35	0.38	0.39	0.36	0.40	0.52	0.46	0.47	0.52
Quick Ratio	0.13	0.12	0.11	0.12	0.14	0.12	0.12	0.23	0.17	0.16	0.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-328	-432	138	-446	-473	-593	-726	295	301	207	370
Operating Cash Flow to CapEx	360.42%	221.05%	180.33%	289.21%	379.40%	201.90%	174.17%	259.47%	370.16%	133.72%	361.93%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.98	0.97	1.01	1.06	1.05	1.03	1.01	1.03	1.02	0.98	0.95
Accounts Receivable Turnover	170.72	146.48	185.63	143.00	172.60	145.00	196.04	137.82	187.33	141.92	165.18
Inventory Turnover	29.63	28.96	30.79	31.05	29.29	28.74	30.65	30.10	30.21	30.58	32.35
Fixed Asset Turnover	0.00	0.00	0.00	2.88	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	22.42	21.87	21.94	21.75	21.32	20.29	20.77	21.19	21.46	20.36	21.39
Days Sales Outstanding (DSO)	2.14	2.49	1.97	2.55	2.11	2.52	1.86	2.65	1.95	2.57	2.21
Days Inventory Outstanding (DIO)	12.32	12.60	11.86	11.76	12.46	12.70	11.91	12.13	12.08	11.93	11.28
Days Payable Outstanding (DPO)	16.28	16.69	16.64	16.78	17.12	17.99	17.57	17.22	17.01	17.93	17.06
Cash Conversion Cycle (CCC)	-1.83	-1.59	-2.82	-2.47	-2.54	-2.77	-3.80	-2.45	-2.98	-3.42	-3.57
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,160	4,251	3,631	3,505	3,469	3,562	3,528	2,719	2,650	2,724	2,582
Invested Capital Turnover	3.08	2.96	3.19	3.66	3.66	3.50	3.53	3.89	3.90	3.66	3.67
Increase / (Decrease) in Invested Capital	692	688	102	786	819	838	947	40	2.60	-1.70	-160
Enterprise Value (EV)	24,357	21,883	19,800	18,704	21,161	19,643	19,604	19,186	17,310	17,808	14,974
Market Capitalization	22,400	19,704	18,313	17,442	19,873	18,120	18,223	18,669	16,704	17,105	14,456
Book Value per Share	$18.81	$17.62	$18.04	$18.79	$18.26	$16.95	$17.74	$18.20	$16.79	$16.51	$16.65
Tangible Book Value per Share	($6.80)	($7.91)	($3.33)	($2.48)	($3.06)	($4.17)	($3.11)	$2.96	$1.65	$1.45	$1.78
Total Capital	4,384	4,468	3,823	3,700	3,712	3,758	3,721	3,086	2,925	2,965	2,959
Total Debt	2,181	2,397	1,680	1,457	1,532	1,718	1,573	885	881	944	895
Total Long-Term Debt	2,123	2,122	1,386	1,370	1,373	1,368	1,477	885	881	886	895
Net Debt	1,957	2,180	1,487	1,262	1,288	1,523	1,380	517	606	703	518
Capital Expenditures (CapEx)	163	176	152	147	154	169	155	159	136	155	118
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,569	-1,464	-1,404	-1,478	-1,481	-1,360	-1,355	-1,308	-1,335	-1,197	-1,262
Debt-free Net Working Capital (DFNWC)	-1,344	-1,246	-1,211	-1,283	-1,237	-1,164	-1,163	-940	-1,060	-956	-884
Net Working Capital (NWC)	-1,403	-1,521	-1,505	-1,370	-1,396	-1,514	-1,259	-940	-1,060	-1,014	-884
Net Nonoperating Expense (NNE)	40	41	34	32	33	33	26	20	17	18	18
Net Nonoperating Obligations (NNO)	1,957	2,180	1,487	1,262	1,288	1,523	1,380	517	606	703	518
Total Depreciation and Amortization (D&A)	132	128	122	120	118	113	110	97	98	97	96
Debt-free, Cash-free Net Working Capital to Revenue	-13.34%	-12.64%	-12.30%	-12.97%	-13.22%	-12.35%	-12.58%	-12.47%	-12.93%	-11.99%	-12.91%
Debt-free Net Working Capital to Revenue	-11.43%	-10.76%	-10.61%	-11.26%	-11.05%	-10.57%	-10.80%	-8.96%	-10.26%	-9.58%	-9.05%
Net Working Capital to Revenue	-11.92%	-13.14%	-13.18%	-12.03%	-12.46%	-13.75%	-11.68%	-8.96%	-10.26%	-10.16%	-9.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.76	$1.83	$1.75	$2.57	$2.62	$1.77	$1.61	$2.60	$2.36	$1.53	$1.57
Adjusted Weighted Average Basic Shares Outstanding	117.20M	117.50M	118.50M	119.90M	119.40M	119.90M	120.90M	121.90M	121.40M	122.10M	122.90M
Adjusted Diluted Earnings per Share	$2.74	$1.82	$1.74	$2.56	$2.60	$1.76	$1.59	$2.57	$2.34	$1.52	$1.56
Adjusted Weighted Average Diluted Shares Outstanding	118M	118.30M	119.20M	120.80M	120.40M	120.80M	122M	122.90M	122.50M	123.10M	123.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	117.03M	117.15M	117.50M	118.86M	119.36M	119.41M	120.31M	121.07M	120.93M	121.71M	122.39M
Normalized Net Operating Profit after Tax (NOPAT)	363	256	242	342	346	252	223	337	305	197	206
Normalized NOPAT Margin	11.50%	8.87%	8.77%	11.55%	11.64%	9.22%	8.18%	12.17%	10.94%	7.93%	8.44%
Pre Tax Income Margin	11.80%	8.51%	8.42%	12.17%	11.80%	8.85%	8.17%	12.73%	11.85%	8.58%	9.17%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	61.77%	61.65%	61.13%	61.15%	59.79%	60.40%	60.99%	60.07%	61.16%	63.09%	62.08%
Augmented Payout Ratio	105.85%	104.23%	107.59%	105.32%	97.66%	108.34%	101.93%	106.78%	130.82%	164.11%	180.57%

Frequently Asked Questions About Darden Restaurants' Financials

When does Darden Restaurants's financial year end?

According to the most recent income statement we have on file, Darden Restaurants' fiscal year ends in May. Their fiscal year 2024 ended on May 26, 2024.

How has Darden Restaurants' net income changed over the last 9 years?

Darden Restaurants' net income appears to be on an upward trend, with a most recent value of $1.03 billion in 2024, rising from $709.50 million in 2015. The previous period was $981.90 million in 2023. Find out what analysts predict for Darden Restaurants in the coming months.

What is Darden Restaurants's operating income?

Darden Restaurants's total operating income in 2024 was $1.31 billion, based on the following breakdown:

Total Gross Profit: $2.41 billion
Total Operating Expenses: $1.10 billion

How has Darden Restaurants revenue changed over the last 9 years?

Over the last 9 years, Darden Restaurants' total revenue changed from $6.76 billion in 2015 to $11.39 billion in 2024, a change of 68.4%.

How much debt does Darden Restaurants have?

Darden Restaurants' total liabilities were at $9.08 billion at the end of 2024, a 12.9% increase from 2023, and a 148.0% increase since 2015.

How much cash does Darden Restaurants have?

In the past 9 years, Darden Restaurants' cash and equivalents has ranged from $146.90 million in 2018 to $1.21 billion in 2021, and is currently $194.80 million as of their latest financial filing in 2024.

How has Darden Restaurants' book value per share changed over the last 9 years?

Over the last 9 years, Darden Restaurants' book value per share changed from 18.55 in 2015 to 18.79 in 2024, a change of 1.3%.

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This page (NYSE:DRI) was last updated on 5/29/2025 by MarketBeat.com Staff

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Darden Restaurants (DRI) Financials

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