DRI · Darden Restaurants Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.35B | $3.10B | $3.04B | $2.89B | $3.16B | $2.76B | $2.73B | $2.97B | $2.73B | $2.49B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | $703.60M | $581.30M | $574.30M | $563.90M | $666.90M | $518.10M | $513.30M | $613.90M | $519.10M | $411.60M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $121.50M | $117.80M | $136.10M | $144.10M | $116.70M | $126.40M | $114.80M | $108.20M | $153.30M | $90.40M |
| Total Operating Expenses | $2.94B | $2.78B | $2.71B | $2.60B | $2.74B | $2.49B | $2.45B | $2.59B | $2.48B | $2.25B |
| D&A | $141.80M | $137.90M | $135.10M | $127.70M | $131.90M | $121.50M | $112.50M | $117.90M | $109.80M | $96.80M |
| Operating Income | $406.40M | $320.40M | $339.20M | $292.10M | $418.20M | $269.20M | $278.50M | $387.40M | $252.90M | $233.20M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $46.20M | $35.00M | $35.90M | $30.20M | $49.00M | $24.50M | $29.10M | $37.50M | $28.40M | $25.90M |
| Net Income | $306.80M | $237.20M | $257.80M | $215.10M | $323.40M | $207.20M | $212.10M | $312.90M | $194.50M | $187.20M |
| EPS - Basic | $2.67 | $2.05 | $2.21 | $1.83 | $2.76 | $1.75 | $1.77 | $2.62 | $1.61 | $1.53 |
| EPS - Diluted | $2.65 | $2.03 | $2.19 | $1.82 | $2.74 | $1.74 | $1.76 | $2.60 | $1.59 | $1.52 |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $240.40M | $224.10M | $211.00M | $240.00M | $224.20M | $192.50M | $194.80M | $243.90M | $192.10M | $367.80M |
| Accounts Receivable | $107.70M | $126.10M | $94.10M | $93.80M | $65.60M | $63.80M | $79.10M | $72.20M | $59.20M | $80.20M |
| Inventory | $345.30M | $354.50M | $309.60M | $311.60M | $324.60M | $297.70M | $290.50M | $298.20M | $287.00M | $287.90M |
| Accounts Payable | $451.40M | $460.80M | $468.70M | $439.60M | $417.20M | $401.00M | $399.50M | $406.00M | $419.60M | $426.20M |
| Current Assets | $1.01B | $1.04B | $932.80M | $937.70M | $880.60M | $819.60M | $822.80M | $876.40M | $835.70M | $997.70M |
| Total Assets | $12.89B | $12.94B | $12.76B | $12.59B | $12.56B | $11.36B | $11.32B | $11.36B | $11.27B | $10.24B |
| Current Liabilities | $2.61B | $2.65B | $2.35B | $2.25B | $2.28B | $2.32B | $2.19B | $2.27B | $2.09B | $1.94B |
| Long-term Debt | $2.14B | $2.14B | $2.14B | $2.13B | $2.12B | $1.39B | $1.37B | $1.37B | $1.48B | $885.80M |
| Total Liabilities | $10.78B | $10.86B | $10.53B | $10.28B | $10.36B | $9.21B | $9.08B | $9.18B | $9.12B | $8.04B |
| Stockholders' Equity | $2.10B | $2.08B | $2.23B | $2.31B | $2.20B | $2.14B | $2.24B | $2.18B | $2.15B | $2.20B |
| Retained Earnings | ($217.40M) | ($235.70M) | ($100.60M) | ($16.10M) | ($108.40M) | ($144.50M) | ($35.50M) | ($101.60M) | ($124.80M) | ($32.50M) |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $342.50M | - | - | $273.20M | - | - | $269.10M | - |
| Investing Cash Flow | - | - | ($159.30M) | - | - | ($149.70M) | - | - | ($854.20M) | - |
| Financing Cash Flow | - | - | ($212.20M) | - | - | ($126.70M) | - | - | $409.40M | - |
| CapEx | - | - | $174.10M | - | - | $145.20M | - | - | $150.90M | - |
| Free Cash Flow | - | - | $168.40M | - | - | $128.00M | - | - | $118.20M | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 21.0% | 18.7% | 18.9% | 19.5% | 21.1% | 18.8% | 18.8% | 20.6% | 19.0% | 16.6% |
| Operating margin | 12.1% | 10.3% | 11.1% | 10.1% | 13.2% | 9.8% | 10.2% | 13.0% | 9.3% | 9.4% |
| EBITDA margin | 16.4% | 14.8% | 15.6% | 14.5% | 17.4% | 14.2% | 14.3% | 17.0% | 13.3% | 13.3% |
| Net margin | 9.2% | 7.6% | 8.5% | 7.4% | 10.2% | 7.5% | 7.8% | 10.5% | 7.1% | 7.5% |
| Free cash flow margin | - | - | 5.5% | - | - | 4.6% | - | - | 4.3% | - |
| FCF / Net income | - | - | 0.65 | - | - | 0.62 | - | - | 0.61 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 3.6% | 3.8% | 4.5% | 5.0% | 3.7% | 4.6% | 4.2% | 3.6% | 5.6% | 3.6% |
| Effective tax rate | 13.1% | 12.9% | 12.2% | 12.3% | 13.2% | 10.6% | 12.1% | 10.7% | 12.7% | 12.2% |
| Return on assets | 2.4% | 1.8% | 2.0% | 1.7% | 2.6% | 1.8% | 1.9% | 2.8% | 1.7% | 1.8% |
| Return on equity | 14.6% | 11.4% | 11.6% | 9.3% | 14.7% | 9.7% | 9.5% | 14.3% | 9.1% | 8.5% |
| Return on invested capital | 8.3% | 6.6% | 6.8% | 5.8% | 8.4% | 6.8% | 6.8% | 9.7% | 6.1% | 6.6% |
| Liquidity | ||||||||||
| Current ratio | 0.39 | 0.39 | 0.40 | 0.42 | 0.39 | 0.35 | 0.38 | 0.39 | 0.40 | 0.51 |
| Quick ratio | 0.25 | 0.26 | 0.27 | 0.28 | 0.24 | 0.22 | 0.24 | 0.25 | 0.26 | 0.37 |
| Cash ratio | 0.09 | 0.08 | 0.09 | 0.11 | 0.10 | 0.08 | 0.09 | 0.11 | 0.09 | 0.19 |
| Leverage | ||||||||||
| Debt / Equity | 1.02 | 1.03 | 0.96 | 0.92 | 0.96 | 0.65 | 0.61 | 0.63 | 0.69 | 0.40 |
| Debt / Assets | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.12 | 0.12 | 0.12 | 0.13 | 0.09 |
| Debt / EBITDA | 3.91 | 4.67 | 4.50 | 5.07 | 3.86 | 3.55 | 3.50 | 2.72 | 4.07 | 2.68 |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 6.13 | 6.22 | 5.73 | 5.45 | 5.70 | 5.30 | 5.05 | 5.21 | 5.25 | 4.65 |
| Liabilities / Assets | 0.84 | 0.84 | 0.83 | 0.82 | 0.82 | 0.81 | 0.80 | 0.81 | 0.81 | 0.79 |
| Efficiency | ||||||||||
| Asset turnover | 0.26 | 0.24 | 0.24 | 0.23 | 0.25 | 0.24 | 0.24 | 0.26 | 0.24 | 0.24 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 12d | 15d | 11d | 12d | 8d | 8d | 11d | 9d | 8d | 12d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 82.0x | 86.1x | 95.2x | 112.1x | 69.8x | 88.5x | 83.9x | 65.2x | 98.1x | 106.1x |
| P / B | 12.0x | 9.8x | 11.0x | 10.4x | 10.2x | 8.6x | 8.0x | 9.4x | 8.9x | 9.0x |
| P / S | 7.5x | 6.6x | 8.1x | 8.4x | 7.1x | 6.7x | 6.5x | 6.9x | 7.0x | 8.0x |
| EV / EBITDA | 49.4x | 48.7x | 55.8x | 62.0x | 44.5x | 50.1x | 48.6x | 42.6x | 56.0x | 61.7x |
| Growth | ||||||||||
| Revenue growth (YoY) | 5.9% | 7.3% | 10.4% | 6.0% | 6.2% | 1.0% | 9.7% | 6.8% | 11.6% | 9.4% |
| Revenue CAGR (3y) | 6.3% | 7.7% | 7.6% | 8.3% | 8.8% | 6.1% | 18.1% | 19.7% | 21.4% | 6.5% |
| Revenue CAGR (5y) | 14.1% | 13.4% | 14.8% | 7.0% | 6.1% | 5.3% | 6.7% | 5.8% | 5.8% | 5.7% |
| Gross profit growth (YoY) | 5.5% | 3.1% | 10.8% | 9.9% | 8.6% | -0.2% | 24.7% | 10.3% | 22.7% | -3.5% |
| Operating income growth (YoY) | -2.8% | 9.7% | 26.0% | 4.9% | 8.0% | 6.4% | 19.4% | 10.7% | 3.6% | -4.0% |
| Net income growth (YoY) | -5.1% | 10.3% | 24.4% | 1.4% | 3.4% | 6.5% | 13.3% | 9.2% | 0.8% | -3.1% |
| EPS growth (YoY) | -3.3% | 11.5% | 25.9% | 3.4% | 5.4% | 9.4% | 15.8% | 11.1% | 1.9% | 2.7% |
| EPS CAGR (3y) | 4.2% | 10.1% | 12.0% | 7.1% | 12.4% | -0.2% | 34.1% | 38.4% | 78.4% | 96.6% |
| EPS CAGR (5y) | 22.0% | 22.7% | 50.9% | 55.5% | 7.7% | 4.9% | 13.9% | 7.8% | 3.8% | 17.8% |
| FCF growth (YoY) | - | - | 31.6% | - | - | 8.3% | - | - | -61.2% | - |
| FCF CAGR (5y) | - | - | 0.5% | - | - | -1.3% | - | - | 3.4% | - |
| Book value growth (YoY) | -4.5% | -10.0% | 3.8% | 3.1% | 1.0% | -0.2% | 1.9% | 6.7% | 4.1% | 0.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-05-25.
Business segments
$12.08B totalOlive Garden Segment$5.21B · 43.2%
Long Horn Steakhouse Segment$3.03B · 25.1%
All Other Segments$2.53B · 21.0%
Fine Dining Segment$1.30B · 10.8%
Peer comparison
Same SIC group: Retail-Eating Places
Comparing DARDEN RESTAURANTS INC against the 5 most active filers in the same SIC group.
Dividends
$6.00/share trailing 12 months · +7.1% YoY
| Ex-date | Per share |
|---|---|
| Apr 10, 2026 | $1.5000 |
| Jan 9, 2026 | $1.5000 |
| Oct 10, 2025 | $1.5000 |
| Jul 10, 2025 | $1.5000 |
| Apr 10, 2025 | $1.4000 |
| Jan 10, 2025 | $1.4000 |
| Oct 10, 2024 | $1.4000 |
| Jul 10, 2024 | $1.4000 |
| Apr 9, 2024 | $1.3100 |
| Jan 9, 2024 | $1.3100 |
| Oct 6, 2023 | $1.3100 |
| Jul 7, 2023 | $1.3100 |
| Apr 6, 2023 | $1.2100 |
| Jan 9, 2023 | $1.2100 |
| Oct 6, 2022 | $1.2100 |
| Jul 7, 2022 | $1.2100 |
| Apr 7, 2022 | $1.1000 |
| Jan 7, 2022 | $1.1000 |
| Oct 7, 2021 | $1.1000 |
| Jul 8, 2021 | $1.1000 |
| Apr 8, 2021 | $0.8800 |
| Jan 7, 2021 | $0.3700 |
| Oct 8, 2020 | $0.3000 |
| Jan 9, 2020 | $0.8800 |