Saturday 17 October 2026 Export DRI’s income statement to Excel — free account

Darden Restaurants, Inc.

Darden Restaurants, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $13.2 billion, up 9.39% from fiscal 2025. In the quarter to August 2026, revenue grew 5.11%, EPS fell 7.24%, free cash flow fell 41.2% and total debt fell 23.4%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for five.

216.35 2.04 +0.95%

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Market cap: $24.3B
P/E: 21.0×
Fwd P/E: 17.4×
Dividend yield: 2.88%
F-score: 7/9
Altman Z: 2.56
Beneish M: −2.39
Dividend safety: 73/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 24.05

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	7	—	1	3	—	—	6	1	—	1

Insider Ownership 0.72%

Capital & Financial Ratios $m

Market Cap 24,250.00

Revenue 13,366.50

Net Income 1,182.30

Free Cash Flow 1,062.70

Net Debt 1,415.60

Current Ratio 0.30

Debt/Equity 0.79

P/E ratio 20.98

Fwd P/E 17.40

P/S ratio 1.84

P/B ratio 11.88

Past 5Y EPS Growth 16.83%

This Y EPS Growth 5.92%

Next Y EPS Growth 10.04%

Next Y revenue growth 3.72%

Next 5Y EPS Growth 8.44%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 57.90%

10-year low 10-year high

P/S against its own 10 years 75.16%

10-year low 10-year high

P/B against its own 10 years 99.37%

10-year low 10-year high

EV/Sales against its own 10 years 75.01%

10-year low 10-year high

EV/FCF against its own 10 years 83.45%

10-year low 10-year high

Dividends

Payout Ratio 0.61

Annual Dividend Rate 6.24

Annual Dividend Yield 2.88%

	total	individual payouts
2029	Powerpack
2028	Powerpack
2027	Powerpack
2026	6.24	1.50 1.50 1.62 1.62
2025	5.80	1.40 1.40 1.50 1.50
2024	5.42	1.31 1.31 1.40 1.40
2023	5.04	1.21 1.21 1.31 1.31
2022	5.83	1.10 1.10 1.21 1.21 1.21
2021	3.45	0.37 0.88 1.10 1.10
2020	1.18	0.88 0.30
2019	3.26	0.75 0.75 0.88 0.88
2018	2.76	0.63 0.63 0.75 0.75
2017	2.38	0.56 0.56 0.63 0.63
2016	2.12	0.50 0.50 0.56 0.56

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	195	240	220	221
Receivables	79	94	130	118
Inventory	291	312	326	321
Other	—	—	—	—
	823	938	943	953

	2024	2025	2026	Q'26
Payables	400	440	428	470
ST’ Debt	—	—	—	—
Other	847	913	955	485
	2,193	2,248	3,005	3,199

Compound Annual Growth %

	10y	5y	3y
Sales	6.66%	12.92%	8.00%
Cash Flow	8.49%	9.20%	6.07%
Earnings	12.40%	13.91%	7.11%
Book Value	1.24%	(4.73%)	0.09%

Revenue $m

	Aug	Nov	Feb	May	Year
’26	3,200	—	—	—	—
’26	3,045	3,102	3,345	3,719	13,211
’25	2,757	2,890	3,158	3,272	12,077
’24	2,731	2,727	2,975	2,957	11,390
’23	2,446	2,487	2,786	2,769	10,488
’22	2,306	2,272	2,449	2,603	9,630
’21	1,527	1,657	1,733	2,279	7,196

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Aug	Nov	Feb	May	Year
’26	279	—	—	—	—
’26	343	321	618	572	1,853
’25	273	389	588	457	1,707
’24	269	341	586	426	1,622
’23	428	208	505	412	1,553
’22	180	301	435	348	1,265
’21	207	222	317	448	1,194

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Aug	Nov	Feb	May	Year
’26	108	—	—	—	—
’26	183	116	455	384	1,138
’25	122	213	425	278	1,038
’24	115	172	431	279	997
’23	310	52	369	253	984
’22	96	207	330	240	872
’21	163	156	244	365	929

Fiscal quarters ending in the months shown.

EPS $

	Aug	Nov	Feb	May	Year
’26	2.04	—	—	—	—
’26	2.19	2.03	2.65	3.51	10.38
’25	1.74	1.82	2.74	2.58	8.86
’24	1.59	1.76	2.60	2.57	8.51
’23	1.56	1.52	2.34	2.58	7.99
’22	1.75	1.48	1.93	2.24	7.39
’21	0.28	0.73	0.98	2.78	4.77

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	71.02	82.38	97.91	26.15	110.89	110.96	133.36	135.87	169.00	183.34	Analyst estimates 2027–2029 Powerpack
	High	98.36	124.00	128.41	125.96	164.28	155.25	173.06	189.18	228.27	229.76
People
People	Employees	175,000	180,000	185,000	177,000	160,000	178,956	187,384	191,105	197,924	209,931
	Revenue/emp, $m	0.04	0.04	0.05	0.04	0.04	0.05	0.06	0.06	0.06	0.06
Income, $m
Income, $m	Revenue	7,170	8,080	8,510	7,807	7,196	9,630	10,488	11,390	12,077	13,211
	Gross margin, %	21.89	21.60	21.73	18.04	20.75	20.72	20.11	21.37	21.88	21.67
	EBT	637	606	782	(161)	577	1,094	1,121	1,176	1,187	1,389
	EBT margin, %	8.89	7.50	9.19	(2.06)	8.01	11.36	10.68	10.32	9.83	10.51
	Net income	479	596	713	(52)	629	953	982	1,028	1,050	1,207
	Depreciation	273	313	337	356	351	368	388	460	516	561
Per share, $
Per share, $	Revenue	57.68	65.16	68.91	63.63	55.18	75.35	86.04	95.00	102.78	114.38
	Earnings	3.85	4.81	5.78	(0.43)	4.83	7.46	8.06	8.57	8.93	10.45
	Cash flow	7.37	8.22	10.26	5.85	9.15	9.90	12.74	13.53	14.53	16.04
	Capex	(2.49)	(3.35)	(3.76)	(3.90)	(2.03)	(3.07)	(4.67)	(5.21)	(5.70)	(6.19)
	Free cash flow	4.88	4.87	6.50	1.95	7.12	6.82	8.07	8.31	8.83	9.85
	Book value	16.91	17.70	19.37	19.00	21.57	17.20	18.06	18.70	19.67	19.11
	Shares, m	124	124	124	123	130	128	122	120	118	116
Valuation, ×
Valuation, ×	P/E	23.10	18.17	20.16	0.00	28.43	16.73	19.64	17.53	24.28	19.28
	P/S	1.54	1.34	1.69	1.23	2.49	1.66	1.84	1.58	2.11	1.77
	P/B	5.26	4.94	6.00	4.12	6.37	7.27	8.78	8.04	11.02	10.56
	EV/Sales	1.64	1.44	1.74	1.25	2.45	1.71	1.89	1.69	2.27	1.87
	EV/FCF	19.41	19.24	18.49	40.98	18.99	18.88	20.17	19.28	26.38	21.74
Cash, $m
Cash, $m	Operating cash flow	916	1,020	1,268	717	1,194	1,265	1,553	1,622	1,707	1,853
	Capex	(310)	(415)	(465)	(479)	(265)	(392)	(569)	(625)	(669)	(715)
	Free cash flow	606	604	803	239	929	872	984	997	1,038	1,138
Balance, $m
Balance, $m	Working capital	(701)	(831)	(581)	(691)	23	(668)	(940)	(1,370)	(1,310)	(2,062)
	Total debt	937	927	928	929	930	901	885	1,370	2,129	1,638
	Net debt	704	780	470	166	(285)	480	517	1,176	1,889	1,418
	Shareholders’ equity	2,102	2,195	2,393	2,331	2,813	2,198	2,202	2,243	2,311	2,208
Returns, %
Returns, %	ROA	9.70	11.08	12.56	(0.66)	6.11	9.17	9.64	9.53	8.78	9.48
	ROIC	15.09	16.11	18.17	1.20	16.04	27.12	27.63	24.03	20.27	27.28
	ROE	23.64	27.74	31.10	(2.22)	24.47	38.03	44.63	46.25	46.10	53.41

Negative figures in brackets.

All 10 years →

Fiscal years to May 2026 · latest quarter Aug 2026 · fundamentals updated 9 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
YUM Yum! Brands, Inc.	$41.2B	18.8×	22.3×	+12.21% (above 0%: growing)	+131.34% (above 0%: growing)	+8.53% (above 0%: growing)	67.73%	30.20%	Compare
CMG Chipotle Mexican Grill, Inc.	$38.7B	27.4×	26.5×	+9.31% (above 0%: growing)	0.00%	+15.63% (above 0%: growing)	25.22%	15.70%	Compare
QSR Restaurant Brands International Inc.	$33.7B	20.0×	18.0×	+4.56% (above 0%: growing)	+151.72% (above 0%: growing)	+18.89% (above 0%: growing)	49.13%	28.49%	Compare
DRI Darden Restaurants, Inc.	$24.3B	21.0×	17.4×	+5.11% (above 0%: growing)	−7.24% (below 0%: shrinking)	−41.21% (below 0%: shrinking)	20.50%	9.98%
YUMC Yum China	$15.3B	16.5×	14.7×	+12.59% (above 0%: growing)	+20.69% (above 0%: growing)	+3.10% (above 0%: growing)	22.21%	11.09%	Compare
TXRH Texas Roadhouse, Inc.	$11.2B	26.9×	26.6×	+11.11% (above 0%: growing)	−0.53% (below 0%: shrinking)	+120.59% (above 0%: growing)	16.80%	8.50%	Compare
DPZ Domino's Pizza Inc	$10.0B	17.0×	16.4×	+3.36% (above 0%: growing)	+12.90% (above 0%: growing)	−3.26% (below 0%: shrinking)	40.18%	20.39%	Compare
EAT Brinker International, Inc.	$8.6B	18.2×	11.3×	+5.06% (above 0%: growing)	+27.80% (above 0%: growing)	+48.74% (above 0%: growing)	18.75%	10.87%	Compare
BROS Dutch Bros Inc.	$7.2B	57.0×	65.2×	+32.48% (above 0%: growing)	+40.00% (above 0%: growing)	+11.97% (above 0%: growing)	27.42%	12.78%	Compare
Median of peers	$13.3B	19.4×	20.2×	+10.21%	+24.25%	+13.80%	26.32%	14.24%

All 56 Restaurants stocks →

Darden Restaurants, Inc. (DRI) key facts

Strength: Darden Restaurants, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $13.2 billion, up 9.39% from fiscal 2025.
Strength: Net income was $1.2 billion, or $10.45 per share (basic), a net margin of 9.13%.
Darden Restaurants, Inc. (DRI) is a Restaurants company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
As of October 16, 2026, DRI traded at $216.35, a market capitalization of $24.3 billion.
At that price the stock trades at 21.0× trailing-twelve-month earnings and 1.8× sales; its P/E is higher than 58% of its own readings over the past ten years.
Darden Restaurants, Inc. pays an annual dividend of $6.24 per share, a yield of 2.88%, with a payout ratio of 61.0%.
Return on equity was 53.4% and debt-to-equity 0.79.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.56 (grey zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 9, 2026.

Financial Analysis (summary)

Updated 2 October 2026

Darden Restaurants reported revenue of $13.2 billion and net income of $1.2 billion in FY2026, while diluted EPS was $10.38. In Q1 FY2027, revenue was $3.2 billion, operating income was $319.3 million, and net income was $233.4 million. Trailing-twelve-month revenue to Q1 FY2027 was $13.4 billion.

FY2026 operating cash flow was $1.9 billion and free cash flow was $1.1 billion. At Q1 FY2027, net debt was $1.4 billion, the current ratio was 0.3×, and debt to equity was 0.8×. As of October 2, 2026, market capitalisation was $22.8 billion and P/E was 19.4×.

Read the full analysis →