Darden Restaurants, Inc.

DRI

Consumer CyclicalLarge CapUS Equities · NYSE / NASDAQ

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Company Profile

Darden Restaurants, Inc., together with its subsidiaries, owns and operates full-service restaurants in the United States and Canada. The company operates under Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Chuy's, Yard House, Ruth's Chris Steak House, The Capital Grille, Seasons 52, Eddie V's Prime Seafood, Bahama Breeze, The Capital Burger, Darden and Darden Restaurants brand names. Darden Restaurants, Inc. was founded in 1938 and is based in Orlando, Florida.

Valuation

Market Cap$22.2B

Current Price$213.25as of Jun 23, 2026

P/E Ratio21.11

P/B Ratio9.59

EV / EBITDA14.96

EV / Sales2.33

Profitability

Operating Margin11.9%

Net Profit Margin8.7%

EBITDA Margin15.6%

Returns

ROE45.4%

ROCE13.9%

ROIC %-

ROA8.3%

Solvency

Current Ratio0.42

Debt / Equity2.70

Debt / Assets0.49

CFO / Net Profit1.62

Price History▼ 3.66% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$12.1B▲ 6.0%

EBITDA$1.9B▲ 5.8%

Net Profit$1.0B▲ 2.1%

Cash from Ops (CFO)$1.7B▲ 5.4%

Free Cash Flow (FCF)$1.0B▲ 4.4%

Revenue CAGR 3Y7.8%

Revenue CAGR 5Y-

Net Profit CAGR 3Y3.3%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$12.1B	$1.9B	$1.0B	$1.0B	45.4%	6.0%	2.1%
2024	$11.4B	$1.8B	$1.0B	$984M	45.8%	8.6%	4.7%
2023	$10.5B	$1.6B	$982M	$951M	44.6%	8.9%	3.1%
2022	$9.6B	$1.5B	$953M	$854M	43.3%	-	-
2021	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2022	2023	2024	2025
Total Revenue	9,630	10,487.80	11,390	12,076.70
Operating Revenue	9,630	10,487.80	11,390	12,076.70
Cost Of Revenue	7,635	8,378.50	8,955.50	9,434.10
Gross Profit	1,995	2,109.30	2,434.50	2,642.60
Operating Expense	834.80	892.20	1,083.60	1,206.30
Selling General And Administration	466.40	504.40	623.70	690.20
Total Expenses	8,469.80	9,270.70	10,039.10	10,640.40
Operating Income	1,160.20	1,217.10	1,350.90	1,436.30
Total Operating Income As Reported	1,162.20	1,201.80	1,314.20	1,362.30
EBITDA	1,532.50	1,597.40	1,778.60	1,881.80
Normalized EBITDA	1,530.50	1,612.70	1,815.30	1,955.80
EBIT	1,164.10	1,209.60	1,318.70	1,365.70
Interest Income	1.90	7.80	4.50	3.40
Interest Expense	70.60	89.10	143.20	178.50
Net Interest Income	-68.70	-81.30	-138.70	-175.10
Other Income Expense	2	-15.30	-36.70	-74
Interest Income Non Operating	1.90	7.80	4.50	3.40
Interest Expense Non Operating	70.60	89.10	143.20	178.50
Net Non Operating Interest Income Expense	-68.70	-81.30	-138.70	-175.10
Pretax Income	1,093.50	1,120.50	1,175.50	1,187.20
Tax Provision	138.80	137	145	136.20
Tax Rate For Calcs	0	0	0	0
Tax Effect Of Unusual Items	0.25	-1.87	-4.51	-8.51
Net Income Continuous Operations	954.70	983.50	1,030.50	1,051
Net Income From Continuing And Discontinued Operation	952.80	981.90	1,027.60	1,049.60
Net Income From Continuing Operation Net Minority Interest	954.70	983.50	1,030.50	1,051
Net Income	952.80	981.90	1,027.60	1,049.60
Net Income Common Stockholders	952.80	981.90	1,027.60	1,049.60
Net Income Including Noncontrolling Interests	952.80	981.90	1,027.60	1,049.60
Normalized Income	952.95	996.93	1,062.69	1,116.49
Diluted NI Availto Com Stockholders	952.80	981.90	1,027.60	1,049.60
Basic Average Shares	127.80	121.90	119.90	117.50
Diluted Average Shares	129	122.90	120.80	118.40
Reconciled Depreciation	368.40	387.80	459.90	516.10
Reconciled Cost Of Revenue	7,635	8,378.50	8,955.50	9,434.10
Total Unusual Items	2	-15.30	-36.70	-74
Total Unusual Items Excluding Goodwill	2	-15.30	-36.70	-74
Net Income Discontinuous Operations	-1.90	-1.60	-2.90	-1.40
Special Income Charges	2	-15.30	-36.70	-74
Other Special Charges	-	25.90	24.30	24.80
Write Off	-4	2.10	-1	1
Impairment Of Capital Assets	6.80	2.40	0.30	0.10
Depreciation Amortization Depletion Income Statement	368.40	387.80	459.90	516.10
Depreciation And Amortization In Income Statement	368.40	387.80	459.90	516.10
General And Administrative Expense	373.20	386.10	479.20	520.30
Other Gand A	373.20	386.10	479.20	520.30
Gain On Sale Of Ppe	4.80	15.10	-13.10	-48.10
Selling And Marketing Expense	93.20	118.30	144.50	169.90

Peer Comparison

Consumer Cyclical sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Darden Restaurants, Inc.this co.	DRI	$22.2B	21.11	9.59	45.4%	14.96
Williams-Sonoma, Inc.	WSM	$24.5B	22.51	11.77	52.3%	15.14
Lennar Corporation	LEN	$22.6B	10.89	1.03	9.5%	8.58
PulteGroup, Inc.	PHM	$22.5B	10.15	1.73	17.1%	7.55
Rollins, Inc.	ROL	$22.4B	42.51

Learn while you research

Hand-picked academy chapters to deepen your understanding of Darden Restaurants, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Leverage Ratios

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$12.1B

$1.9B

$1.0B

45.4%

6.0%

2.1%

2024

$11.4B

$1.8B

$1.0B

$984M

45.8%

8.6%

4.7%

2023

$10.5B

$1.6B

$982M

$951M

44.6%

8.9%

3.1%

2022

$9.6B

$1.5B

$953M

$854M

43.3%

2021

Metric

2022

2023

2024

2025

Total Revenue

9,630

10,487.80

11,390

12,076.70

Operating Revenue

9,630

10,487.80

11,390

12,076.70

Cost Of Revenue

7,635

8,378.50

8,955.50

9,434.10

Gross Profit

1,995

2,109.30

2,434.50

2,642.60

Operating Expense

834.80

892.20

1,083.60

1,206.30

Selling General And Administration

466.40

504.40

623.70

690.20

Total Expenses

8,469.80

9,270.70

10,039.10

10,640.40

Operating Income

1,160.20

1,217.10

1,350.90

1,436.30

Total Operating Income As Reported

1,162.20

1,201.80

1,314.20

1,362.30

EBITDA

1,532.50

1,597.40

1,778.60

1,881.80

Normalized EBITDA

1,530.50

1,612.70

1,815.30

1,955.80

EBIT

1,164.10

1,209.60

1,318.70

1,365.70

Interest Income

1.90

7.80

4.50

3.40

Interest Expense

70.60

89.10

143.20

178.50

Net Interest Income

-68.70

-81.30

-138.70

-175.10

Other Income Expense

-15.30

-36.70

-74

Interest Income Non Operating

1.90

7.80

4.50

3.40

Interest Expense Non Operating

70.60

89.10

143.20

178.50

Net Non Operating Interest Income Expense

-68.70

-81.30

-138.70

-175.10

Pretax Income

1,093.50

1,120.50

1,175.50

1,187.20

Tax Provision

138.80

137

145

136.20

Tax Rate For Calcs

Tax Effect Of Unusual Items

0.25

-1.87

-4.51

-8.51

Net Income Continuous Operations

954.70

983.50

1,030.50

1,051

Net Income From Continuing And Discontinued Operation

952.80

981.90

1,027.60

1,049.60

Net Income From Continuing Operation Net Minority Interest

954.70

983.50

1,030.50

1,051

Net Income

952.80

981.90

1,027.60

1,049.60

Net Income Common Stockholders

952.80

981.90

1,027.60

1,049.60

Net Income Including Noncontrolling Interests

952.80

981.90

1,027.60

1,049.60

Normalized Income

952.95

996.93

1,062.69

1,116.49

Diluted NI Availto Com Stockholders

952.80

981.90

1,027.60

1,049.60

Basic Average Shares

127.80

121.90

119.90

117.50

Diluted Average Shares

129

122.90

120.80

118.40

Reconciled Depreciation

368.40

387.80

459.90

516.10

Reconciled Cost Of Revenue

7,635

8,378.50

8,955.50

9,434.10

Total Unusual Items

-15.30

-36.70

-74

Total Unusual Items Excluding Goodwill

-15.30

-36.70

-74

Net Income Discontinuous Operations

-1.90

-1.60

-2.90

-1.40

Special Income Charges

-15.30

-36.70

-74

Other Special Charges

25.90

24.30

24.80

Write Off

-4

2.10

-1

Impairment Of Capital Assets

6.80

2.40

0.30

0.10

Depreciation Amortization Depletion Income Statement

368.40

387.80

459.90

516.10

Depreciation And Amortization In Income Statement

368.40

387.80

459.90

516.10

General And Administrative Expense

373.20

386.10

479.20

520.30

Other Gand A

373.20

386.10

479.20

520.30

Gain On Sale Of Ppe

4.80

15.10

-13.10

-48.10

Selling And Marketing Expense

93.20

118.30

144.50

169.90

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Darden Restaurants, Inc.this co.

DRI

$22.2B

21.11

9.59

45.4%

14.96

Williams-Sonoma, Inc.

WSM

$24.5B

22.51

11.77

52.3%

15.14

Lennar Corporation

LEN

$22.6B

10.89

1.03

9.5%

8.58

PulteGroup, Inc.

PHM

$22.5B

10.15

1.73

17.1%

7.55

Rollins, Inc.

ROL

$22.4B

42.51

Darden Restaurants, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Darden Restaurants, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on