Consumer Cyclical · Restaurants
Price
$211.86
Market Cap
$24.3B
Employees
191,105
Beta
0.59
Avg Volume
1,203,064
CEO
Ricardo Cardenas
Business Description
Darden Restaurants, Inc., through its various subsidiaries, focuses on the ownership and operation of full-service dining establishments across both the United States and Canada. As of May 29, 2022, the company's extensive portfolio comprised 1,867 directly managed restaurants. These included a significant presence from its flagship brands: 884 Olive Garden outlets, 546 LongHorn Steakhouse locations, 172 Cheddar's Scratch Kitchens, 85 Yard House venues, 62 Capital Grille branches, 45 Seasons 52 restaurants, 42 Bahama Breeze sites, 28 Eddie V's Prime Seafood establishments, and 3 Capital Burger eateries. In addition to its owned operations, Darden also oversees 60 franchised restaurants, specifically 35 Olive Garden units, 18 LongHorn Steakhouse units, 4 Cheddar's Scratch Kitchens, 2 Capital Grille locations, and 1 Bahama Breeze restaurant. The company, which originated in 1968, is headquartered in Orlando, Florida.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
23.72
Stock Price: $211.86
EPS (Diluted): 8.93
EPS (Diluted): 8.93
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
10.45
Stock Price: $211.86
Total Equity: $2.31B
Shares: 118,400,000
Total Equity: $2.31B
Shares: 118,400,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
12.37
Market Cap: $24.27B
Total Debt: $2.17B
Cash: $240.00M
EBITDA: $1.88B
Total Debt: $2.17B
Cash: $240.00M
EBITDA: $1.88B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$28.9B
Market Cap: $24.27B
Total Debt: $2.17B
Cash: $240.00M
Total Debt: $2.17B
Cash: $240.00M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
69.4%
Gross Profit: $2.64B
Revenue: $12.08B
Revenue: $12.08B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
12.0%
Operating Income: $1.36B
Revenue: $12.08B
Revenue: $12.08B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
9.1%
Net Income: $1.05B
Revenue: $12.08B
Revenue: $12.08B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
45.4%
Net Income: $1.05B
Total Equity: $2.31B
Total Equity: $2.31B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
28.4%
Operating Income: $1.36B
Tax Rate: 11.5%
Equity: $2.31B
Total Debt: $2.17B
Cash: $240.00M
Tax Rate: 11.5%
Equity: $2.31B
Total Debt: $2.17B
Cash: $240.00M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.31
Current Assets: $937.70M
Current Liabilities: $2.25B
Current Liabilities: $2.25B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.94
Short-Term Debt: $0.00
Long-Term Debt: $2.17B
Total Debt: $2.17B
Total Equity: $2.31B
Long-Term Debt: $2.17B
Total Debt: $2.17B
Total Equity: $2.31B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$102.00
Revenue: $12.08B
Shares: 118,400,000
Shares: 118,400,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$19.52
Total Equity: $2.31B
Shares: 118,400,000
Shares: 118,400,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$8.74
Operating CF: $1.71B
CapEx: -$671.90M
Shares: 118,400,000
CapEx: -$671.90M
Shares: 118,400,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
3.0%
Last Dividend: N/A
Stock Price: $211.86
Stock Price: $211.86
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $1.05B
Net Income: $1.05B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares DRI against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 27, 2026 3:14am (5h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $7.2B | $9.6B | $10.5B | $11.4B | $12.1B |
| Cost of Revenue | $5.7B | $7.6B | $8.4B | $9.0B | $9.4B |
| Gross Profit | $1.5B | $2.0B | $2.1B | $2.4B | $2.6B |
| Operating Expenses | $844.8M | $832.8M | $907.5M | $1.1B | $1.3B |
| Operating Income | $648.7M | $1.2B | $1.2B | $1.3B | $1.4B |
| Net Income | $629.3M | $952.8M | $981.9M | $1.0B | $1.0B |
| EBITDA | $992.6M | $1.5B | $1.6B | $1.8B | $1.9B |
| EPS | $4.83 | $7.46 | $8.06 | $8.57 | $8.93 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 27, 2026 3:15am (5h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.2B | $420.6M | $367.8M | $194.8M | $240.0M |
| Total Current Assets | $1.9B | $1.2B | $997.7M | $822.8M | $937.7M |
| Total Assets | $10.7B | $10.1B | $10.2B | $11.3B | $12.6B |
| Current Liabilities | $1.8B | $1.8B | $1.9B | $2.2B | $2.2B |
| Long-Term Debt | $929.8M | $929.0M | $930.3M | $1.4B | $2.2B |
| Total Liabilities | $7.8B | $7.9B | $8.0B | $9.1B | $10.3B |
| Total Equity | $2.8B | $2.2B | $2.2B | $2.2B | $2.3B |
| Retained Earnings | $522.3M | -$25.9M | -$32.5M | -$35.5M | -$16.1M |
Cash Flow (Annual)
Last updated: Jun 27, 2026 3:15am (5h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.2B | $1.3B | $1.5B | $1.6B | $1.7B |
| Capital Expenditure | -$269.1M | -$399.1M | -$593.8M | -$628.3M | -$671.9M |
| Free Cash Flow | $924.9M | $857.0M | $951.8M | $983.6M | $1.0B |
| Acquisitions (net) | $0 | $0 | $0 | -$701.1M | -$613.7M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$45.4M | -$1.1B | -$458.7M | -$453.9M | -$418.2M |
| Net Change in Cash | $451.4M | -$742.6M | -$55.9M | -$196.1M | $34.4M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 3:48pm (17h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$13.7B $13.6B – $13.8B
|
$14.5B $14.5B – $14.5B
|
$15.5B $15.5B – $15.5B
|
$16.4B $16.2B – $16.5B
|
| EBITDA |
$2.4B $2.3B – $2.4B
|
$2.5B $2.5B – $2.5B
|
$2.7B $2.7B – $2.7B
|
$2.8B $2.8B – $2.8B
|
| Net Income |
$1.4B $1.3B – $1.4B
|
$1.5B $1.5B – $1.6B
|
$1.7B $1.6B – $1.8B
|
$1.9B $1.9B – $1.9B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 27, 2026 3:14am (5h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +33.8% | +8.9% | +8.6% | +6.0% |
| Gross Profit Growth | +33.6% | +5.7% | +15.4% | +8.5% |
| Operating Income Growth | +79.2% | +3.4% | +9.4% | +3.7% |
| Net Income Growth | +51.4% | +3.1% | +4.7% | +2.1% |
| EBITDA Growth | +54.4% | +4.2% | +11.3% | +5.8% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:49pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-04-10 | $1.50 | 2026-03-18 | 2026-04-10 | 2026-05-01 |
| 2026-01-09 | $1.50 | 2025-12-18 | 2026-01-09 | 2026-02-02 |
| 2025-10-10 | $1.50 | 2025-09-18 | 2025-10-10 | 2025-11-03 |
| 2025-07-10 | $1.50 | 2025-06-20 | 2025-07-10 | 2025-08-01 |
| 2025-04-10 | $1.40 | 2025-03-20 | 2025-04-10 | 2025-05-01 |
| 2025-01-10 | $1.40 | 2024-12-19 | 2025-01-10 | 2025-02-03 |
| 2024-10-10 | $1.40 | 2024-09-19 | 2024-10-10 | 2024-11-01 |
| 2024-07-10 | $1.40 | 2024-06-20 | 2024-07-10 | 2024-08-01 |
| 2024-04-09 | $1.31 | 2024-03-21 | 2024-04-10 | 2024-05-01 |
| 2024-01-09 | $1.31 | 2023-12-15 | 2024-01-10 | 2024-02-01 |
| 2023-10-06 | $1.31 | 2023-09-21 | 2023-10-10 | 2023-11-01 |
| 2023-07-07 | $1.31 | 2023-06-22 | 2023-07-10 | 2023-08-01 |
| 2023-04-06 | $1.21 | 2023-03-23 | 2023-04-10 | 2023-05-01 |
| 2023-01-09 | $1.21 | 2022-12-16 | 2023-01-10 | 2023-02-01 |
| 2022-10-06 | $1.21 | 2022-09-22 | 2022-10-10 | 2022-11-01 |
| 2022-07-07 | $1.21 | 2022-06-23 | 2022-07-08 | 2022-08-01 |
| 2022-04-07 | $1.10 | 2022-03-24 | 2022-04-08 | 2022-05-02 |
| 2022-01-07 | $1.10 | 2021-12-17 | 2022-01-10 | 2022-02-01 |
| 2021-10-07 | $1.10 | 2021-09-23 | 2021-10-08 | 2021-11-01 |
| 2021-07-08 | $1.10 | 2021-06-24 | 2021-07-09 | 2021-08-02 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for DRI — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30