DRINYSERetail-Eating PlacesFiscal year ends May 30
DARDEN RESTAURANTS INC
Financials through Q1 FY2027, quarter ended Aug 30, 2026Last filing: 10-Q on Oct 2, 2026
$216.24−0.11 (-0.05%)
Close on Oct 19, 2026
- Market cap
- $24.74B
- P/E (TTM)
- 21.1
- Dividend yield
- 2.77%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
20.3%+0.8 pts over 5 years
Operating margin
12.0%+3.0 pts over 5 years
Net margin
9.1%+0.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.4% | +8.0% | +12.9% | +6.7% | |
| Gross profit | +8.5% | +10.4% | +13.8% | +7.5% | |
| Operating income | +16.2% | +9.6% | +19.5% | +9.8% | |
| Net income | +15.0% | +7.1% | +13.9% | +12.4% | |
| EPS, diluted | +17.2% | +9.1% | +16.8% | +13.6% | |
| Free cash flow | +5.3% | +4.2% | +3.6% | +6.6% | |
| Dividend per share | +7.1% | +7.4% | +31.1% | +11.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 23.6% | 24.5% | 53.4% | |
| Return on assets | 9.7% | 6.1% | 9.5% | |
| Current ratio | 0.46 | 1.01 | 0.31 | |
| Debt to equity | 0.45 | 0.33 | – | |
| Net debt to EBITDA | 0.74× | -0.29× | – | |
| Interest coverage | 19.7× | 13.7× | 12.5× | |
| Inventory turnover | 33.0× | 29.1× | 33.0× | |
| Capex to revenue | 4.1% | 3.5% | 5.6% | |
| Diluted shares | 126M | 132M | 116M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Darden Restaurants generated $8.00B from operations and spent $9.13B on capital expenditure, dividends and share buybacks. 32% of that went back into the business.
Generated
$8.00B
Used
$9.13B
Capital expenditure$2.92B32%Dividends$3.13B34%Share buybacks$3.07B34%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.1%
×Asset turnover1.04×
×Equity multiplier5.63×
=Return on equity, FY202653.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 9.1% | 1.04× | 5.63× | 53.4% |
| FY2025 | 8.7% | 1.01× | 5.25× | 46.1% |
| FY2024 | 9.0% | 1.06× | 4.85× | 46.2% |
| FY2023 | 9.4% | 1.03× | 4.63× | 44.6% |
| FY2022 | 9.9% | 0.93× | 4.15× | 38.0% |
| FY2021 | 8.7% | 0.70× | 4.00× | 24.5% |
| FY2020 | -0.7% | 0.99× | 3.35× | -2.2% |
| FY2019 | 8.4% | 1.50× | 2.48× | 31.1% |
| FY2018 | 7.4% | 1.50× | 2.50× | 27.7% |
| FY2017 | 6.7% | 1.45× | 2.44× | 23.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
5of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$1.21B
- Cash generatingOperating cash flow above zero$1.85B
- Return on assets improvedROA up on the prior year9.3% → 9.6%
- Earnings backed by cashOperating cash flow above net income$1.85B vs $1.21B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.42 → 0.31
- No dilutionShare count did not rise118M → 116M
- Gross margin improvedGross margin up on the prior year20.47% → 20.30%
- More efficientAsset turnover rose1.07 → 1.05