Brinker International, Inc.
EAT Consumer Cyclical Restaurants
Brinker International, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $5.8 billion, up 7.86% from fiscal 2025. In the quarter to June 2026, revenue grew 5.06%, EPS grew 27.8%, free cash flow grew 48.7% and total debt fell 1.48%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three.
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Brinker International, Inc. (EAT) Altman Z-score
Brinker International, Inc.'s Altman Z-score for fiscal 2026 is 4.82, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 4.82 | 0.20 |
| FY2025 | 4.62 | 2.16 |
| FY2024 | 2.46 | 0.61 |
| FY2023 | 1.85 | 0.15 |
| FY2022 | 1.70 | (0.35) |
| FY2021 | 2.06 | 0.84 |
| FY2020 | 1.21 | (5.24) |
| FY2019 | 6.46 | 0.40 |
| FY2018 | 6.05 | 0.23 |
| FY2017 | 5.83 | (0.30) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.13) | — | −0.16 | |
| Retained earnings / total assets | 0.24 | — | 0.33 | |
| EBIT / total assets | 0.22 | — | 0.73 | |
| Market value of equity / total liabilities | 3.09 | — | 1.85 | |
| Sales / total assets | 2.06 | — | 2.06 | |
| Altman Z-score | Safe zone | 4.82 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.60 | ||
Z and Z″ put Brinker International, Inc. in different zones: safe zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CAVA CAVA Group, Inc. compare | 8.0× |
| TXRH Texas Roadhouse, Inc. compare | 5.7× |
| EAT Brinker International, Inc. | 4.8× |
| YUMC Yum China compare | 4.0× |
| WING Wingstop Inc. compare | 3.5× |
| DPZ Domino's Pizza Inc compare | 3.3× |
| BROS Dutch Bros Inc. compare | 3.0× |
| SHAK Shake Shack, Inc. compare | 2.5× |
| CAKE The Cheesecake Factory Incorporated compare | 2.3× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets