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Darden Restaurants (DRI) Financials

Darden Restaurants logo
$213.97 +9.95 (+4.88%)
Closing price 05/27/2025 03:59 PM Eastern
Extended Trading
$214.52 +0.55 (+0.26%)
As of 04:00 AM Eastern
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Annual Income Statements for Darden Restaurants

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

Quarterly Income Statements for Darden Restaurants

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

Annual Cash Flow Statements for Darden Restaurants

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

Quarterly Cash Flow Statements for Darden Restaurants

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

Annual Balance Sheets for Darden Restaurants

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

Quarterly Balance Sheets for Darden Restaurants

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

Annual Metrics And Ratios for Darden Restaurants

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%

Quarterly Metrics And Ratios for Darden Restaurants

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. See where experts think Darden Restaurants is headed by visiting Darden Restaurants' forecast page.

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%.



This page (NYSE:DRI) was last updated on 5/28/2025 by MarketBeat.com Staff
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