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Darden Restaurants (DRI) Financials

Darden Restaurants logo
$197.29 +3.56 (+1.84%)
Closing price 03:59 PM Eastern
Extended Trading
$197.26 -0.03 (-0.01%)
As of 05:20 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 5/31/2015 5/29/2016 5/28/2017 5/27/2018 5/26/2019 5/31/2020 5/30/2021 5/29/2022 5/28/2023 5/26/2024 5/25/2025
Net Income / (Loss) Attributable to Common Shareholders		 710 375 479 596 713 -52 629 953 982 1,028 1,050
Consolidated Net Income / (Loss)		 710 375 479 596 713 -52 629 953 982 1,028 1,050
Net Income / (Loss) Continuing Operations		 196 360 483 604 719 -49 632 955 984 1,031 1,051
Total Pre-Tax Income 		175 450 637 606 782 -161 577 1,094 1,121 1,176 1,187
Total Operating Income		 368 622 678 767 833 48 649 1,162 1,202 1,314 1,362
Total Gross Profit		 1,423 4,744 4,905 1,745 8,510 1,408 1,494 1,995 2,109 2,435 2,643
Total Revenue		 6,764 6,934 7,170 8,080 8,510 7,807 7,196 9,630 10,488 11,390 12,077
Operating Revenue		 6,764 6,934 7,170 8,080 8,510 7,807 7,196 9,630 10,488 11,390 12,077
Total Cost of Revenue		 5,342 2,189 2,265 6,335 0.00 6,399 5,703 7,635 8,379 8,956 9,434
Operating Cost of Revenue		 4,221 2,189 2,265 6,335 - 6,399 5,703 7,635 8,379 8,956 9,434
Total Operating Expenses		 1,055 4,122 4,227 979 7,678 1,361 845 833 908 1,120 1,280
Selling, General & Admin Expense		 430 385 388 410 406 376 396 373 386 479 520
Marketing Expense		 243 238 240 252 255 238 91 93 118 145 170
Depreciation Expense		 319 290 273 313 337 356 351 368 388 460 516
Impairment Charge		 62 5.80 -8.40 3.40 19 390 6.60 -2.00 -11 12 49
Other Special Charges / (Income)		 - - - - - - - - 26 24 25
Total Other Income / (Expense), net		 -192 -173 -40 -161 -50 -209 -72 -69 -81 -139 -175
Interest & Investment Income		 -192 -173 -40 -161 -50 -57 -64 -69 -81 -139 -175
Income Tax Expense		 -21 90 155 1.90 64 -112 -56 139 137 145 136
Net Income / (Loss) Discontinued Operations		 513 15 -3.40 -7.80 -5.20 -3.20 -3.10 -1.90 -1.60 -2.90 -1.40
Basic Earnings per Share		 $5.56 $2.94 $3.85 $4.81 $5.78 ($0.43) $4.83 $7.46 $8.06 $8.57 $8.93
Weighted Average Basic Shares Outstanding		 127.70M 127.40M 124.30M 124M 123.50M 122.70M 130.40M 127.80M 121.90M 119.90M 117.50M
Diluted Earnings per Share		 $5.47 $2.90 $3.80 $4.73 $5.69 ($0.43) $4.77 $7.39 $7.99 $8.51 $8.86
Weighted Average Diluted Shares Outstanding		 129.70M 129.30M 126M 126M 125.40M 122.70M 131.80M 129M 122.90M 120.80M 118.40M
Weighted Average Basic & Diluted Shares Outstanding		 127.60M 127.60M 124.40M 123.90M 123.40M 129.89M 130.76M 123.95M 121.07M 118.86M 117.03M
Cash Dividends to Common per Share		 $2.20 $2.10 $2.24 $2.52 $3.00 $2.64 $1.55 $4.40 $4.84 $5.24 $5.60

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 8/27/2023 11/26/2023 2/25/2024 5/26/2024 8/25/2024 11/24/2024 2/23/2025 5/25/2025 8/24/2025 11/23/2025 2/22/2026
Net Income / (Loss) Attributable to Common Shareholders		 195 212 313 308 207 215 323 304 258 237 307
Consolidated Net Income / (Loss)		 195 212 313 308 207 215 323 304 258 237 307
Net Income / (Loss) Continuing Operations		 195 212 313 310 208 216 324 304 258 237 311
Total Pre-Tax Income 		223 241 351 360 232 246 373 337 294 272 357
Total Operating Income		 253 279 387 395 269 292 418 383 339 320 406
Total Gross Profit		 558 550 646 657 567 618 708 765 623 630 743
Total Revenue		 2,731 2,727 2,975 2,957 2,757 2,890 3,158 3,272 3,045 3,102 3,345
Operating Revenue		 2,731 2,727 2,975 2,957 2,757 2,890 3,158 3,272 3,045 3,102 3,345
Total Cost of Revenue		 2,173 2,177 2,329 2,301 2,190 2,272 2,450 2,507 2,421 2,472 2,602
Operating Cost of Revenue		 2,173 2,177 2,329 2,301 2,190 2,272 2,450 2,507 2,421 2,472 2,602
Total Operating Expenses		 305 272 258 261 298 326 290 382 284 310 337
Selling, General & Admin Expense		 153 115 108 103 126 144 117 133 136 118 122
Marketing Expense		 39 37 32 37 45 49 35 41 49 49 39
Depreciation Expense		 110 113 118 120 122 128 132 135 135 138 142
Impairment Charge		 3.10 7.50 0.40 1.40 1.00 0.00 0.10 48 -42 -2.90 25
Other Special Charges / (Income)		 - - - - 4.50 5.50 6.10 - 5.90 8.10 8.80
Total Other Income / (Expense), net		 -30 -37 -37 -35 -37 -46 -46 -46 -45 -48 -50
Interest & Investment Income		 -30 -37 -37 -35 -37 -46 -46 -46 -45 -48 -50
Income Tax Expense		 28 29 38 50 25 30 49 33 36 35 46
Net Income / (Loss) Discontinued Operations		 -0.30 -0.20 -0.50 -1.90 -0.40 -0.60 -0.30 -0.10 -0.10 -0.20 -3.80
Basic Earnings per Share		 $1.61 $1.77 $2.62 $2.57 $1.75 $1.83 $2.76 $2.59 $2.21 $2.05 $2.67
Weighted Average Basic Shares Outstanding		 120.90M 119.90M 119.40M 119.90M 118.50M 117.50M 117.20M 117.50M 116.70M 115.90M 115M
Diluted Earnings per Share		 $1.59 $1.76 $2.60 $2.56 $1.74 $1.82 $2.74 $2.56 $2.19 $2.03 $2.65
Weighted Average Diluted Shares Outstanding		 122M 120.80M 120.40M 120.80M 119.20M 118.30M 118M 118.40M 117.60M 116.70M 115.80M
Weighted Average Basic & Diluted Shares Outstanding		 120.31M 119.41M 119.36M 118.86M 117.50M 117.15M 117.03M 117.03M 116.31M 115.14M 114.54M
Cash Dividends to Common per Share		 $1.31 $1.31 $1.31 $1.31 $1.40 $1.40 $1.40 - $1.50 $1.50 $1.50

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 5/31/2015 5/29/2016 5/28/2017 5/27/2018 5/26/2019 5/31/2020 5/30/2021 5/29/2022 5/28/2023 5/26/2024 5/25/2025
Net Change in Cash & Equivalents		 -57 -612 -42 -104 310 306 451 -743 -56 -196 34
Net Cash From Operating Activities		 806 802 916 1,002 1,268 717 1,194 1,265 1,553 1,622 1,707
Net Cash From Continuing Operating Activities		 874 820 916 1,020 1,268 717 1,194 1,265 1,553 1,622 1,707
Net Income / (Loss) Continuing Operations		 196 360 483 604 719 -49 632 955 984 1,031 1,051
Consolidated Net Income / (Loss)		 710 375 479 596 713 -52 629 953 982 1,028 1,050
Net Income / (Loss) Discontinued Operations		 513 15 -3.40 -7.80 -5.20 -3.20 -3.10 -1.90 -1.60 -2.90 -1.40
Depreciation Expense		 319 290 273 313 337 356 351 368 388 460 516
Non-Cash Adjustments To Reconcile Net Income		 150 126 43 77 85 579 44 69 56 63 123
Changes in Operating Assets and Liabilities, net		 140 27 118 24 128 -169 166 -128 125 69 17
Net Cash From Investing Activities		 -245 75 -1,070 -451 -463 -544 -264 -389 -568 -1,325 -1,278
Net Cash From Continuing Investing Activities		 -235 75 -1,070 -451 -463 -544 -264 -389 -568 -1,325 -1,278
Purchase of Property, Plant & Equipment		 -313 -252 -318 -419 -478 -485 -270 -403 -594 -628 -672
Acquisitions		 0.00 0.00 -764 -40 0.00 -56 - 0.00 0.00 -701 -614
Sale of Property, Plant & Equipment		 68 325 8.30 3.30 13 5.80 5.40 10 25 3.30 2.50
Other Investing Activities, net		 - 1.80 4.70 4.80 2.10 -9.50 1.20 3.40 0.50 1.50 4.80
Net Cash From Financing Activities		 -2,202 -1,453 129 -637 -484 139 -479 -1,610 -1,033 -483 -386
Net Cash From Continuing Financing Activities		 -1,785 -1,121 129 -637 -484 139 -479 -1,597 -1,033 -483 -386
Repayment of Debt		 -1,673 -1,100 -7.50 -1,386 -144 -750 -270 -2.70 -0.20 -612 -6.90
Repurchase of Common Equity		 -502 -185 -230 -235 -208 -330 -45 -1,071 -459 -454 -418
Payment of Dividends		 -279 -268 -279 -314 371 -322 -203 -563 -590 -628 -659
Issuance of Debt		 0.00 0.60 500 1,260 138 1,021 0.00 0.00 0.00 1,187 663
Issuance of Common Equity		 160 99 113 38 59 526 46 40 35 44 56
Other Financing Activities, net		 93 0.00 33 - 41 -5.20 -7.10 - -20 -20 -21
Other Net Changes in Cash		 1,583 -36 -18 -18 -10 -6.10 0.50 -8.50 -7.20 -9.80 -8.50

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 8/27/2023 11/26/2023 2/25/2024 5/26/2024 8/25/2024 11/24/2024 2/23/2025 5/25/2025 8/24/2025 11/23/2025 2/22/2026
Net Change in Cash & Equivalents		 -176 -21 48 -48 -3.20 25 -2.80 16 -29 13 9.90
Net Cash From Operating Activities		 269 341 586 426 273 389 588 457 343 321 618
Net Cash From Continuing Operating Activities		 269 341 586 426 273 389 588 457 343 321 618
Net Income / (Loss) Continuing Operations		 195 212 313 310 208 216 324 304 258 237 311
Consolidated Net Income / (Loss)		 195 212 313 308 207 215 324 304 258 237 307
Net Income / (Loss) Discontinued Operations		 -0.30 -0.20 -0.50 -1.90 -0.40 -0.60 -0.20 -0.20 -0.10 -0.20 -3.80
Depreciation Expense		 110 113 118 120 122 128 132 135 135 138 142
Non-Cash Adjustments To Reconcile Net Income		 30 18 3.60 10 28 12 17 67 -31 22 59
Changes in Operating Assets and Liabilities, net		 -66 -2.40 151 -14 -84 33 116 -49 -20 -77 106
Net Cash From Investing Activities		 -854 -169 -153 -149 -150 -790 -160 -179 -159 -205 -159
Net Cash From Continuing Investing Activities		 -854 -169 -153 -149 -150 -790 -160 -179 -159 -205 -159
Purchase of Property, Plant & Equipment		 -156 -169 -154 -149 -152 -176 -163 -181 -180 -208 -171
Sale of Property, Plant & Equipment		 1.60 0.40 - 1.30 0.00 - - 2.50 20 3.80 8.90
Other Investing Activities, net		 0.20 0.10 1.30 -0.10 1.80 -0.10 2.90 0.20 0.00 - 3.30
Net Cash From Financing Activities		 409 -193 -375 -325 -127 426 -423 -262 -212 -103 -447
Net Cash From Continuing Financing Activities		 409 -193 -375 -325 -127 426 -423 -262 -212 -103 -447
Repayment of Debt		 -1.40 -610 -0.40 -20 - -6.90 - - - - 276
Repurchase of Common Equity		 -143 -181 -33 -97 -172 -142 -53 -51 -183 -224 -127
Payment of Dividends		 -159 -157 -156 -156 -166 -165 -164 -164 -175 -174 -173
Issuance of Debt		 695 755 -191 -72 207 731 -217 -58 142 296 -438
Issuance of Common Equity		 22 3.60 11 6.60 9.70 12 17 17 8.80 3.90 5.50
Other Net Changes in Cash		 0.00 - -9.30 -0.50 - - -7.90 -0.60 - - -2.10

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 5/31/2015 5/29/2016 5/28/2017 5/27/2018 5/26/2019 5/31/2020 5/30/2021 5/29/2022 5/28/2023 5/26/2024 5/25/2025
Total Assets		 5,995 4,583 5,292 5,470 5,893 9,946 10,656 10,136 10,242 11,323 12,587
Total Current Assets		 1,056 820 588 554 893 1,101 1,871 1,179 998 823 938
Cash & Equivalents		 536 275 233 147 457 763 1,215 421 368 195 240
Accounts Receivable		 78 64 76 84 88 50 68 72 80 79 94
Inventories, net		 164 175 179 205 207 207 191 271 288 291 312
Prepaid Expenses		 69 76 81 90 98 63 60 141 155 137 157
Current Deferred & Refundable Income Taxes		 176 209 6.20 16 42 18 337 275 107 122 136
Plant, Property, & Equipment, net		 3,216 2,042 2,272 2,430 2,553 0.00 0.00 0.00 3,725 4,184 0.00
Total Noncurrent Assets		 1,723 1,721 2,432 2,486 2,448 8,845 8,785 8,956 5,519 6,316 11,649
Goodwill		 872 872 1,202 1,184 1,184 1,037 1,037 1,037 1,037 1,391 1,659
Intangible Assets		 575 575 950 951 951 806 806 806 806 1,148 1,346
Other Noncurrent Operating Assets		 276 274 280 352 313 7,001 6,941 7,113 3,675 3,777 8,644
Total Liabilities & Shareholders' Equity		 5,995 4,583 5,292 5,470 5,893 9,946 10,656 10,136 10,242 11,323 12,587
Total Liabilities		 3,661 2,631 3,191 3,275 3,500 7,615 7,843 7,938 8,040 9,081 10,276
Total Current Liabilities		 1,197 1,187 1,289 1,385 1,474 1,793 1,848 1,848 1,937 2,193 2,248
Short-Term Debt		 15 - - - 0.00 270 - - 0.00 87 0.00
Accounts Payable		 199 242 250 277 333 249 305 367 426 400 440
Current Deferred Revenue		 329 360 389 416 429 468 474 498 512 592 599
Current Deferred & Payable Income Tax Liabilities		 13 0.00 1.90 0.00 12 6.20 36 32 7.80 6.10 4.70
Current Employee Benefit Liabilities		 141 135 149 178 175 150 177 182 173 190 208
Other Taxes Payable		 - 49 54 57 54 43 61 65 66 71 83
Other Current Liabilities		 449 401 446 458 472 606 796 705 753 847 913
Total Noncurrent Liabilities		 2,465 1,444 1,901 1,890 2,026 5,822 5,995 6,090 6,103 6,888 8,028
Long-Term Debt		 1,452 440 937 927 928 929 930 901 885 1,370 2,129
Noncurrent Deferred Revenue		 226 250 283 318 354 4,276 4,089 3,756 - - 3,817
Noncurrent Deferred & Payable Income Tax Liabilities		 342 255 146 114 157 56 222 201 142 232 279
Other Noncurrent Operating Liabilities		 445 499 536 532 587 561 755 1,232 5,076 5,286 1,804
Total Equity & Noncontrolling Interests		 2,334 1,952 2,102 2,195 2,393 2,331 2,813 2,198 2,202 2,243 2,311
Total Preferred & Common Equity		 2,334 1,952 2,102 2,195 2,393 2,331 2,813 2,198 2,202 2,243 2,311
Total Common Equity		 2,334 1,952 2,102 2,195 2,393 2,331 2,813 2,198 2,202 2,243 2,311
Common Stock		 1,406 1,503 1,615 1,632 1,685 2,205 2,287 2,226 2,231 2,252 2,296
Retained Earnings		 1,026 548 560 658 807 144 522 -26 -33 -36 -16
Accumulated Other Comprehensive Income / (Loss)		 -87 -87 -63 -85 -98 -18 4.20 -1.90 3.20 26 32

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 5/28/2023 8/27/2023 11/26/2023 2/25/2024 5/26/2024 8/25/2024 11/24/2024 2/23/2025 8/24/2025 11/23/2025 2/22/2026
Total Assets		 10,242 11,269 11,322 11,358 11,323 11,356 12,519 12,561 12,760 12,940 12,889
Total Current Assets		 998 836 868 876 823 820 880 881 933 1,043 1,009
Cash & Equivalents		 368 192 196 244 195 193 217 224 211 224 240
Accounts Receivable		 80 59 80 72 79 64 78 66 94 126 108
Inventories, net		 288 287 311 298 291 298 318 325 310 355 345
Prepaid Expenses		 155 199 142 140 137 162 152 137 162 153 137
Current Deferred & Refundable Income Taxes		 107 99 139 123 122 104 115 129 156 186 179
Plant, Property, & Equipment, net		 3,725 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 5,519 10,434 10,454 10,482 10,500 10,536 11,640 11,680 11,827 11,897 11,880
Goodwill		 1,037 1,377 1,393 1,398 1,391 1,391 1,654 1,653 1,658 1,658 1,658
Intangible Assets		 806 1,148 1,148 1,148 1,148 1,148 1,346 1,346 1,346 1,346 1,346
Other Noncurrent Operating Assets		 3,675 7,909 7,914 7,936 7,961 7,997 8,639 8,681 8,822 8,892 8,875
Total Liabilities & Shareholders' Equity		 10,242 11,269 11,322 11,358 11,323 11,356 12,519 12,561 12,760 12,940 12,889
Total Liabilities		 8,040 9,121 9,282 9,177 9,081 9,212 10,448 10,358 10,534 10,860 10,785
Total Current Liabilities		 1,937 2,094 2,382 2,272 2,193 2,325 2,401 2,283 2,347 2,651 2,608
Short-Term Debt		 0.00 95 350 159 87 294 275 58 142 438 290
Accounts Payable		 426 420 424 406 400 401 409 417 469 461 451
Current Deferred Revenue		 512 542 547 626 592 555 552 640 563 567 655
Current Deferred & Payable Income Tax Liabilities		 7.80 8.50 8.40 8.50 6.10 1.70 2.00 1.10 1.30 1.30 1.40
Current Employee Benefit Liabilities		 173 169 177 196 190 161 193 203 180 188 204
Other Taxes Payable		 66 74 70 69 71 82 81 75 93 93 80
Other Current Liabilities		 753 786 805 809 847 831 890 889 899 902 927
Total Noncurrent Liabilities		 6,103 7,027 6,901 6,905 6,888 6,887 8,047 8,075 8,187 8,209 8,177
Long-Term Debt		 885 1,477 1,368 1,373 1,370 1,386 2,122 2,123 2,135 2,139 2,141
Noncurrent Deferred Revenue		 - 3,878 3,815 3,774 3,705 3,637 3,939 3,898 3,878 3,830 3,754
Noncurrent Deferred & Payable Income Tax Liabilities		 142 231 242 241 232 236 292 301 333 352 354
Other Noncurrent Operating Liabilities		 5,076 1,441 1,475 1,517 1,581 1,628 1,695 1,753 1,841 1,888 1,927
Total Equity & Noncontrolling Interests		 2,202 2,148 2,040 2,181 2,243 2,144 2,071 2,203 2,226 2,080 2,104
Total Preferred & Common Equity		 2,202 2,148 2,040 2,181 2,243 2,144 2,071 2,203 2,226 2,080 2,104
Total Common Equity		 2,202 2,148 2,040 2,181 2,243 2,144 2,071 2,203 2,226 2,080 2,104
Common Stock		 2,231 2,257 2,241 2,253 2,252 2,262 2,261 2,278 2,300 2,298 2,297
Retained Earnings		 -33 -125 -229 -102 -36 -145 -219 -108 -101 -236 -217
Accumulated Other Comprehensive Income / (Loss)		 3.20 16 27 30 26 26 29 33 26 18 24

Annual Metrics And Ratios for Darden Restaurants

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 5/31/2015 5/29/2016 5/28/2017 5/27/2018 5/26/2019 5/31/2020 5/30/2021 5/29/2022 5/28/2023 5/26/2024 5/25/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.61% 2.51% 3.41% 12.69% 5.33% -8.27% -7.82% 33.82% 8.91% 8.60% 6.03%
EBITDA Growth		 9.54% 32.83% 4.16% 13.63% 8.27% -78.43% 292.90% 54.47% 3.85% 11.61% 5.88%
EBIT Growth		 19.00% 69.26% 8.89% 13.18% 8.57% -112.46% 717.16% 81.59% 3.41% 9.35% 3.66%
NOPAT Growth		 27.07% 20.84% 3.07% 49.02% 0.04% -95.62% 2,022.28% 42.59% 3.96% 9.22% 4.68%
Net Income Growth		 147.90% -47.15% 27.76% 24.40% 19.70% -107.35% 1,300.95% 51.41% 3.05% 4.65% 2.14%
EPS Growth		 147.90% -46.98% 31.03% 24.47% 20.30% -107.56% 1,209.30% 54.93% 8.12% 6.51% 4.11%
Operating Cash Flow Growth		 45.17% -0.48% 14.19% 9.33% 26.53% -43.40% 66.36% 5.96% 22.79% 4.44% 5.26%
Free Cash Flow Firm Growth		 -47.90% 117.81% -111.16% 426.02% 45.52% -84.98% 631.80% -9.03% 17.42% -63.96% 39.62%
Invested Capital Growth		 -9.46% -35.12% 33.15% 6.11% -3.36% -3.36% -8.62% 5.95% 1.49% 28.92% 19.84%
Revenue Q/Q Growth		 3.49% -1.25% 2.06% 2.53% 1.13% -10.94% 16.31% 3.48% 1.61% 1.68% 2.67%
EBITDA Q/Q Growth		 13.86% 2.30% -1.18% 6.76% 0.75% -79.31% 1,098.19% 1.24% 2.61% 2.51% 0.14%
EBIT Q/Q Growth		 28.31% 5.89% -2.15% 8.46% -0.02% -111.92% 334.00% 1.29% 3.11% 1.62% -0.92%
NOPAT Q/Q Growth		 -6.17% 0.61% -2.62% 6.91% 4.69% -95.98% 481.02% -8.33% 3.64% 0.41% 0.47%
Net Income Q/Q Growth		 2.72% 10.07% -3.19% 9.30% 4.93% -108.24% 387.09% -8.35% 3.52% -0.68% -0.40%
EPS Q/Q Growth		 2.72% 8.61% -4.76% 7.26% 4.79% -108.40% 351.05% -6.93% 4.44% -0.12% 0.00%
Operating Cash Flow Q/Q Growth		 38.85% -0.62% 1.08% 3.71% 8.27% -43.51% 120.61% -7.29% 4.31% 0.85% 1.85%
Free Cash Flow Firm Q/Q Growth		 -60.14% -0.84% -128.07% 369.71% 17.70% -84.27% 280.13% -11.01% -0.03% 11.40% 0.37%
Invested Capital Q/Q Growth		 -1.55% -1.60% 38.99% 0.63% -2.63% -6.15% 0.67% 1.20% 2.61% 1.05% 0.97%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 21.03% 68.43% 68.41% 21.60% 100.00% 18.04% 20.75% 20.72% 19.87% 21.16% 21.88%
EBITDA Margin		 10.16% 13.16% 13.25% 13.36% 13.74% 3.23% 13.77% 15.89% 15.16% 15.58% 15.55%
Operating Margin		 5.43% 8.97% 9.45% 9.49% 9.78% 0.61% 9.01% 12.07% 11.46% 11.54% 11.28%
EBIT Margin		 5.43% 8.97% 9.45% 9.49% 9.78% -1.33% 8.89% 12.07% 11.46% 11.54% 11.28%
Profit (Net Income) Margin		 10.49% 5.41% 6.68% 7.38% 8.38% -0.67% 8.75% 9.89% 9.36% 9.02% 8.69%
Tax Burden Percent		 404.73% 83.39% 75.18% 98.40% 91.19% 32.55% 109.16% 87.13% 87.63% 87.42% 88.41%
Interest Burden Percent		 47.69% 72.28% 94.07% 78.99% 93.97% 155.26% 90.08% 94.09% 93.24% 89.45% 87.15%
Effective Tax Rate		 -12.04% 20.01% 24.29% 0.31% 8.14% 0.00% -9.70% 12.69% 12.23% 12.34% 11.47%
Return on Invested Capital (ROIC)		 12.11% 18.68% 20.98% 26.57% 26.25% 1.19% 26.88% 38.98% 39.09% 37.02% 31.30%
ROIC Less NNEP Spread (ROIC-NNEP)		 37.87% -4.84% 12.88% 3.47% 17.97% -17.78% -82.42% -24.33% 24.46% 23.03% 21.38%
Return on Net Nonoperating Assets (RNNOA)		 19.49% -1.18% 2.65% 1.18% 4.85% -3.41% -2.41% -0.95% 5.55% 9.22% 14.79%
Return on Equity (ROE)		 31.60% 17.50% 23.64% 27.74% 31.10% -2.22% 24.47% 38.03% 44.63% 46.25% 46.10%
Cash Return on Invested Capital (CROIC)		 22.04% 61.28% -7.45% 20.64% 29.67% 4.61% 35.89% 33.20% 37.61% 11.76% 13.26%
Operating Return on Assets (OROA)		 5.62% 11.76% 13.72% 14.25% 14.65% -1.31% 6.21% 11.18% 11.80% 12.19% 11.40%
Return on Assets (ROA)		 10.85% 7.09% 9.70% 11.08% 12.56% -0.66% 6.11% 9.17% 9.64% 9.53% 8.78%
Return on Common Equity (ROCE)		 31.60% 17.50% 23.64% 27.74% 31.10% -2.22% 24.47% 38.03% 44.63% 46.25% 46.10%
Return on Equity Simple (ROE_SIMPLE)		 30.41% 19.21% 22.80% 27.16% 29.82% -2.25% 22.37% 43.34% 44.60% 45.82% 45.41%
Net Operating Profit after Tax (NOPAT)		 412 498 513 764 765 34 712 1,015 1,055 1,152 1,206
NOPAT Margin		 6.09% 7.18% 7.15% 9.46% 8.99% 0.43% 9.89% 10.54% 10.06% 10.11% 9.99%
Net Nonoperating Expense Percent (NNEP)		 -25.76% 23.51% 8.10% 23.10% 8.29% 18.97% 109.30% 63.30% 14.63% 13.99% 9.93%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 27.16%
Cost of Revenue to Revenue		 78.97% 31.57% 31.59% 78.40% 0.00% 81.96% 79.25% 79.28% 80.14% 78.84% 78.12%
SG&A Expenses to Revenue		 6.36% 5.55% 5.41% 5.07% 4.76% 4.82% 5.51% 3.88% 3.68% 4.21% 4.31%
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		 15.60% 59.45% 58.96% 12.11% 90.22% 17.43% 11.74% 8.65% 8.41% 9.62% 10.60%
Earnings before Interest and Taxes (EBIT)		 368 622 678 767 833 -104 640 1,162 1,202 1,314 1,362
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 687 912 950 1,080 1,169 252 991 1,531 1,590 1,774 1,878
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.71 3.47 4.26 4.17 5.34 3.53 5.97 6.61 8.48 7.78 10.26
Price to Tangible Book Value (P/TBV)		 7.14 13.41 0.00 151.93 49.53 16.85 17.32 40.96 52.18 0.00 0.00
Price to Revenue (P/Rev)		 0.94 0.98 1.25 1.13 1.50 1.05 2.33 1.51 1.78 1.53 1.96
Price to Earnings (P/E)		 8.92 18.06 18.68 15.37 17.92 0.00 26.68 15.24 19.01 16.97 22.59
Dividend Yield		 4.37% 3.71% 3.11% 3.41% 2.89% 4.98% 1.21% 3.78% 3.14% 3.59% 2.76%
Earnings Yield		 11.21% 5.54% 5.35% 6.51% 5.58% 0.00% 3.75% 6.56% 5.26% 5.89% 4.43%
Enterprise Value to Invested Capital (EV/IC)		 2.25 3.31 3.46 3.36 4.63 3.13 6.53 5.60 7.06 5.34 6.09
Enterprise Value to Revenue (EV/Rev)		 1.07 1.00 1.35 1.23 1.56 1.11 2.29 1.56 1.83 1.64 2.12
Enterprise Value to EBITDA (EV/EBITDA)		 10.57 7.60 10.16 9.21 11.34 34.32 16.66 9.80 12.07 10.54 13.63
Enterprise Value to EBIT (EV/EBIT)		 19.75 11.15 14.25 12.96 15.92 0.00 25.79 12.91 15.96 14.23 18.79
Enterprise Value to NOPAT (EV/NOPAT)		 17.63 13.94 18.82 13.00 17.33 258.12 23.19 14.78 18.19 16.23 21.23
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.00 8.65 10.53 9.92 10.46 12.06 13.83 11.86 12.36 11.53 15.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 9.68 4.25 0.00 16.74 15.34 66.66 17.37 17.36 18.91 51.13 50.12
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.63 0.23 0.45 0.42 0.39 0.51 0.33 0.41 0.40 0.65 0.92
Long-Term Debt to Equity		 0.62 0.23 0.45 0.42 0.39 0.40 0.33 0.41 0.40 0.61 0.92
Financial Leverage		 0.51 0.24 0.21 0.34 0.27 0.19 0.03 0.04 0.23 0.40 0.69
Leverage Ratio		 2.91 2.47 2.44 2.50 2.48 3.35 4.00 4.15 4.63 4.85 5.25
Compound Leverage Factor		 1.39 1.78 2.29 1.98 2.33 5.21 3.61 3.90 4.32 4.34 4.58
Debt to Total Capital		 38.61% 18.39% 30.83% 29.68% 27.94% 33.96% 24.84% 29.07% 28.67% 39.39% 47.95%
Short-Term Debt to Total Capital		 0.39% 0.00% 0.00% 0.00% 0.00% 7.65% 0.00% 0.00% 0.00% 2.35% 0.00%
Long-Term Debt to Total Capital		 38.21% 18.39% 30.83% 29.68% 27.94% 26.31% 24.84% 29.07% 28.67% 37.04% 47.95%
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		 61.40% 81.61% 69.17% 70.32% 72.06% 66.04% 75.16% 70.93% 71.33% 60.61% 52.05%
Debt to EBITDA		 2.14 0.48 0.99 0.86 0.79 4.75 0.94 0.59 0.56 0.82 1.13
Net Debt to EBITDA		 1.36 0.18 0.74 0.72 0.40 1.73 -0.29 0.31 0.33 0.71 1.01
Long-Term Debt to EBITDA		 2.11 0.48 0.99 0.86 0.79 3.68 0.94 0.59 0.56 0.77 1.13
Debt to NOPAT		 3.56 0.88 1.83 1.21 1.21 35.75 1.31 0.89 0.84 1.26 1.77
Net Debt to NOPAT		 2.26 0.33 1.37 1.02 0.62 12.99 -0.40 0.47 0.49 1.10 1.57
Long-Term Debt to NOPAT		 3.53 0.88 1.83 1.21 1.21 27.70 1.31 0.89 0.84 1.19 1.77
Altman Z-Score		 2.58 3.58 3.45 3.60 4.17 1.33 2.23 2.34 2.69 2.39 2.57
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		 0.88 0.69 0.46 0.40 0.61 0.61 1.01 0.64 0.52 0.38 0.42
Quick Ratio		 0.51 0.29 0.24 0.17 0.37 0.45 0.69 0.27 0.23 0.12 0.15
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 750 1,633 -182 594 864 130 950 864 1,015 366 511
Operating Cash Flow to CapEx		 329.37% 0.00% 295.58% 241.11% 272.78% 149.86% 450.55% 322.27% 272.95% 259.47% 255.00%
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		 1.03 1.31 1.45 1.50 1.50 0.99 0.70 0.93 1.03 1.06 1.01
Accounts Receivable Turnover		 83.61 97.65 102.50 101.25 98.96 113.06 121.97 137.38 137.82 143.00 139.70
Inventory Turnover		 29.62 12.90 12.79 32.98 0.00 30.90 28.68 33.09 30.10 31.05 31.34
Fixed Asset Turnover		 2.05 2.64 3.32 3.44 3.42 0.00 0.00 0.00 0.00 2.88 2.71
Accounts Payable Turnover		 24.73 9.94 9.22 24.06 0.00 21.99 20.59 22.74 21.19 21.75 22.49
Days Sales Outstanding (DSO)		 4.37 3.74 3.56 3.60 3.69 3.23 2.99 2.66 2.65 2.55 2.61
Days Inventory Outstanding (DIO)		 12.32 28.29 28.54 11.07 0.00 11.81 12.73 11.03 12.13 11.76 11.65
Days Payable Outstanding (DPO)		 14.76 36.74 39.59 15.17 0.00 16.60 17.73 16.05 17.22 16.78 16.23
Cash Conversion Cycle (CCC)		 1.93 -4.72 -7.48 -0.49 3.69 -1.56 -2.01 -2.36 -2.45 -2.47 -1.97
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,232 2,097 2,792 2,963 2,863 2,767 2,528 2,679 2,719 3,505 4,200
Invested Capital Turnover		 1.99 2.60 2.93 2.81 2.92 2.77 2.72 3.70 3.89 3.66 3.13
Increase / (Decrease) in Invested Capital		 -338 -1,135 695 171 -100 -96 -239 150 40 786 695
Enterprise Value (EV)		 7,260 6,938 9,653 9,941 13,254 8,655 16,504 15,001 19,186 18,704 25,599
Market Capitalization		 6,328 6,773 8,949 9,161 12,783 8,219 16,788 14,520 18,669 17,442 23,710
Book Value per Share		 $18.55 $15.40 $16.90 $17.73 $19.46 $19.29 $21.50 $17.62 $18.20 $18.79 $19.75
Tangible Book Value per Share		 $7.05 $3.99 ($0.40) $0.49 $2.10 $4.04 $7.41 $2.84 $2.96 ($2.48) ($5.93)
Total Capital		 3,801 2,392 3,038 3,121 3,320 3,530 3,743 3,099 3,086 3,700 4,440
Total Debt		 1,467 440 937 927 928 1,199 930 901 885 1,457 2,129
Total Long-Term Debt		 1,452 440 937 927 928 929 930 901 885 1,370 2,129
Net Debt		 931 165 704 780 470 436 -285 480 517 1,262 1,889
Capital Expenditures (CapEx)		 245 -74 310 416 465 479 265 392 569 625 669
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -661 -642 -934 -978 -1,039 -1,185 -1,192 -1,089 -1,308 -1,478 -1,550
Debt-free Net Working Capital (DFNWC)		 -125 -367 -701 -831 -582 -421 23 -668 -940 -1,283 -1,310
Net Working Capital (NWC)		 -140 -367 -701 -831 -582 -691 23 -668 -940 -1,370 -1,310
Net Nonoperating Expense (NNE)		 -298 123 34 168 51 86 82 62 73 124 156
Net Nonoperating Obligations (NNO)		 899 145 690 768 470 436 -285 480 517 1,262 1,889
Total Depreciation and Amortization (D&A)		 319 290 273 313 337 356 351 368 388 460 516
Debt-free, Cash-free Net Working Capital to Revenue		 -9.78% -9.25% -13.03% -12.10% -12.21% -15.18% -16.56% -11.31% -12.47% -12.97% -12.83%
Debt-free Net Working Capital to Revenue		 -1.85% -5.29% -9.78% -10.28% -6.83% -5.40% 0.32% -6.94% -8.96% -11.26% -10.85%
Net Working Capital to Revenue		 -2.07% -5.29% -9.78% -10.28% -6.83% -8.86% 0.32% -6.94% -8.96% -12.03% -10.85%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.96 $2.94 $3.85 $4.81 $5.78 ($0.43) $4.83 $7.46 $8.06 $8.57 $8.93
Adjusted Weighted Average Basic Shares Outstanding		 143.13M 127.40M 124.30M 124M 123.50M 122.70M 130.40M 127.80M 121.90M 119.90M 117.50M
Adjusted Diluted Earnings per Share		 $4.88 $2.90 $3.80 $4.73 $5.69 ($0.43) $4.77 $7.39 $7.99 $8.51 $8.86
Adjusted Weighted Average Diluted Shares Outstanding		 145.38M 129.30M 126M 126M 125.40M 122.70M 131.80M 129M 122.90M 120.80M 118.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $5.78 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 141.98M 126.22M 125.42M 123.54M 123.08M 129.89M 130.76M 123.95M 121.07M 118.86M 117.03M
Normalized Net Operating Profit after Tax (NOPAT)		 301 502 507 768 782 307 459 1,013 1,046 1,163 1,272
Normalized NOPAT Margin		 4.45% 7.24% 7.07% 9.50% 9.19% 3.93% 6.37% 10.52% 9.97% 10.21% 10.53%
Pre Tax Income Margin		 2.59% 6.49% 8.89% 7.50% 9.19% -2.06% 8.01% 11.36% 10.68% 10.32% 9.83%
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		 39.31% 71.52% 58.26% 52.60% -51.98% -615.08% 32.19% 59.09% 60.07% 61.15% 62.74%
Augmented Payout Ratio		 110.11% 120.80% 106.30% 92.00% -22.89% -1,245.42% 39.41% 171.53% 106.78% 105.32% 102.58%

Quarterly Metrics And Ratios for Darden Restaurants

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 8/27/2023 11/26/2023 2/25/2024 5/26/2024 8/25/2024 11/24/2024 2/23/2025 5/25/2025 8/24/2025 11/23/2025 2/22/2026
DEI Shares Outstanding		 - - - - - - - - - - 115,139,249.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 115,139,249.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 2.66
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 221 245 346 340 241 256 363 346 298 279 354
Return On Investment Capital (ROIC_SIMPLE)		 - 6.52% - - - 5.73% 8.28% 7.79% 6.61% 6.00% 7.80%
Earnings before Interest and Taxes (EBIT)		 253 279 387 395 269 292 418 383 339 320 406
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 363 391 505 515 391 420 550 518 474 458 548
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -726 -593 -473 -446 138 -432 -328 -349 -363 96 219
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,528 3,562 3,469 3,505 3,631 4,251 4,160 4,200 4,292 4,433 4,295
Increase / (Decrease) in Invested Capital		 947 838 819 786 102 688 692 695 661 183 135
Book Value per Share		 $17.74 $16.95 $18.26 $18.79 $18.04 $17.62 $18.81 $19.75 $19.02 $17.89 $18.27
Tangible Book Value per Share		 ($3.11) ($4.17) ($3.06) ($2.48) ($3.33) ($7.91) ($6.80) ($5.93) ($6.66) ($7.95) ($7.82)
Total Capital		 3,721 3,758 3,712 3,700 3,823 4,468 4,384 4,440 4,503 4,658 4,535
Total Debt		 1,573 1,718 1,532 1,457 1,680 2,397 2,181 2,129 2,277 2,577 2,431
Total Long-Term Debt		 1,477 1,368 1,373 1,370 1,386 2,122 2,123 2,129 2,135 2,139 2,141
Net Debt		 1,380 1,523 1,288 1,262 1,487 2,180 1,957 1,889 2,066 2,353 2,191
Capital Expenditures (CapEx)		 155 169 154 147 152 176 163 179 159 205 163
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1,355 -1,360 -1,481 -1,478 -1,404 -1,464 -1,569 -1,550 -1,483 -1,393 -1,550
Debt-free Net Working Capital (DFNWC)		 -1,163 -1,164 -1,237 -1,283 -1,211 -1,246 -1,344 -1,310 -1,272 -1,169 -1,309
Net Working Capital (NWC)		 -1,259 -1,514 -1,396 -1,370 -1,505 -1,521 -1,403 -1,310 -1,414 -1,607 -1,599
Net Nonoperating Expense (NNE)		 26 33 33 32 34 41 40 42 40 42 47
Net Nonoperating Obligations (NNO)		 1,380 1,523 1,288 1,262 1,487 2,180 1,957 1,889 2,066 2,353 2,191
Total Depreciation and Amortization (D&A)		 110 113 118 120 122 128 132 135 135 138 142
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.61 $1.77 $2.62 $2.57 $1.75 $1.83 $2.76 $2.59 $2.21 $2.05 $2.67
Adjusted Weighted Average Basic Shares Outstanding		 120.90M 119.90M 119.40M 119.90M 118.50M 117.50M 117.20M 117.50M 116.70M 115.90M 115M
Adjusted Diluted Earnings per Share		 $1.59 $1.76 $2.60 $2.56 $1.74 $1.82 $2.74 $2.56 $2.19 $2.03 $2.65
Adjusted Weighted Average Diluted Shares Outstanding		 122M 120.80M 120.40M 120.80M 119.20M 118.30M 118M 118.40M 117.60M 116.70M 115.80M
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		 120.31M 119.41M 119.36M 118.86M 117.50M 117.15M 117.03M 117.03M 116.31M 115.14M 114.54M
Normalized Net Operating Profit after Tax (NOPAT)		 223 252 346 342 242 256 363 389 266 284 383
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Financials Breakdown Chart

Key Financial Trends

Darden Restaurants (NYSE: DRI) has reported a multi-year pattern of steady operating performance with consistent cash flow generation and active capital returns. Below are the key four-year trends drawn from quarterly cash flow statements, income statements, and balance sheets for DRI (latest quarters shown are through Q2 2026).

  • Revenue resilience and growth: Operating revenue hovered around the $3.0B level, with Q2 2026 at approximately $3.102B vs Q2 2025 at about $2.89B (roughly 7% year-over-year growth).
  • Solid quarterly profitability: Net income attributable to common shareholders reached notable levels in several quarters (e.g., Q3 2025 about $323.4M and Q4 2025 about $303.9M), indicating sustained profitability across multiple periods.
  • Strength in cash flow from operations: Cash flow from continuing operating activities was strong in several quarters, including Q3 2025 at $588.2M and Q4 2024 at $457.0M, underscoring strong cash generation from core operations.
  • Meaningful free cash flow in high-variance quarters: In quarters like Q3 2025, free cash flow (CFO minus capex) was roughly $425M (CFO about $588.2M less capex around $163.2M), signaling ample cash for debt repayment, dividends, or buybacks.
  • Shareholder returns: The company continues returning capital via dividends and stock repurchases. Dividends per share have trended around $1.3–$1.5, and buybacks have been substantial (e.g., $224.4M in Q2 2026 and $182.7M in Q1 2026).
  • Capital investments remain steady: Capex per quarter has been moderate and consistent, typically in the $150–$210M range, supporting ongoing store refreshes and capacity improvements.
  • Balance sheet and capitalization: Total assets have generally ranged from roughly $12.0B to $12.9B with equity around $2.0–$2.2B, indicating a solid but investment-heavy balance sheet structure.
  • Liquidity snapshot: Cash balances have been modest (roughly $200–$320M in recent quarters) with total current liabilities often above $2.0B, suggesting a tighter near-term liquidity cushion despite strong operating cash flow in some periods.
  • Financing outflows pressure: Net cash from financing activities has been negative in many quarters due to dividend payments and share buybacks, and occasionally net debt activity. Examples include Q3 2025 (-$422.8M) and Q4 2025 (-$261.9M) bookings.
  • Near-term liquidity risk indicators: The mix of cash vs. current liabilities yields relatively low near-term liquidity in some periods (for example, Q2 2026 current assets around $1.04B versus current liabilities around $2.65B, implying a near-term liquidity challenge if operating cash flow slows).

Overall, DRI shows durable profitability and solid operating cash flow, with active capital returns and ongoing capex. Investors may find the combination of stable revenue, PSC-level profitability, and generous cash returns attractive, while watching liquidity and near-term financing outflows as factors that could influence balance sheet flexibility in softer macro environments.

05/20/26 06:34 PM ETAI Generated. May Contain Errors.

Darden Restaurants Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Darden Restaurants' financial year ends in May. Their financial year 2025 ended on May 25, 2025.

Darden Restaurants' net income appears to be on an upward trend, with a most recent value of $1.05 billion in 2025, rising from $709.50 million in 2015. The previous period was $1.03 billion in 2024. See Darden Restaurants' forecast for analyst expectations on what's next for the company.

Darden Restaurants' total operating income in 2025 was $1.36 billion, based on the following breakdown:
  • Total Gross Profit: $2.64 billion
  • Total Operating Expenses: $1.28 billion

Over the last 10 years, Darden Restaurants' total revenue changed from $6.76 billion in 2015 to $12.08 billion in 2025, a change of 78.5%.

Darden Restaurants' total liabilities were at $10.28 billion at the end of 2025, a 13.2% increase from 2024, and a 180.7% increase since 2015.

In the past 10 years, Darden Restaurants' cash and equivalents has ranged from $146.90 million in 2018 to $1.21 billion in 2021, and is currently $240 million as of their latest financial filing in 2025.

Over the last 10 years, Darden Restaurants' book value per share changed from 18.55 in 2015 to 19.75 in 2025, a change of 6.5%.


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Financial statements for NYSE:DRI last updated on 3/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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On August 15, 1971, Nixon ended the Bretton Woods agreement and untethered the dollar from gold. Since that ni...
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One page of the SpaceX S-1 will move this stock overnight
When SpaceX files its S-1 in June, the SEC will require full disclosure of operating expenses - including powe...
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The Death of the Nasdaq?
The Death of the Nasdaq? Wall Street legend Marc Chaikin's award-winning system turned bearish on software ...
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SpaceX eyes a 1.75 trillion valuation - here's what to know
Elon Musk's team has quietly filed confidential paperwork with the SEC for what Bloomberg estimates could be a...
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