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Darden Restaurants, Inc.

DRI Consumer Cyclical Restaurants

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%
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 (below 1: weak)
Debt/Equity 0.79
P/E ratio 20.98
Fwd P/E 17.40
P/S ratio 1.84
P/B ratio 11.88 (above 6: high)
Past 5Y EPS Growth 16.83% (at or above 15%: strong)
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
EV/Sales is 1.9×, against a ten-year median of 1.8×; over the ten years it ranged from 0.8× in 2020 to 3.1× in 2021.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to May

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
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

Darden Restaurants, Inc. vs peers in Restaurants (Q) = latest quarter vs a year earlier

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 →

DRI metrics, ten years each

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

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×.

Darden Restaurants, Inc. (DRI) Latest News

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stockrow.com/DRI · Data as of Oct 9, 2026 · For information only; not investment advice. · © 2026 stockrow.com