The Tip Desk

DARDEN RESTAURANTS INC

Company Stats

Market Cap
$22.0B
as of Sep 30, 2026
Enterprise Value
$24.0B
Shares Outstanding
114.1M
Free Float
94.4%

Income Statement

Revenue
$13.2B
Operating Income
$1.6B
Net Income
$1.2B
EBITDA
$2.1B
Non-cash Impairment
$23.0M
Revenue Growth, 3Y
8.0%
FCF Margin, 3Y Avg
8.7%
FCF Margin, Worst Year
8.5%

Cash Flow

Free Cash Flow
$1.1B
FCF Yield
5.1%
Owner FCF Yield
4.7%

Balance Sheet

Cash & Equivalents
$219.5M
Total Debt
$2.2B
Net Debt
$2.0B
Net Debt / EBITDA
0.92x
EV / EBITDA
11.20x
Net Debt / EBIT
1.24x

Returns & Capital

Dividends Paid
$693.0M
Dividend Yield
3.1%
Dividend Payout, 3Y Avg
60.4%
Share Repurchases
$671.7M
Buyback Yield, 3Y Avg
2.3%
SBC, 3Y Avg
$75.6M

Cash Flow by Year

YearRevenueFCFMargin
FY2026$13.2B$1.1B8.5%
FY2025$12.1B$1.1B8.8%
FY2024$11.4B$1.0B9.0%
FY2023$10.5B$987.9M9.4%
FY2022$9.6B$887.7M9.2%

Annual filing data through FY ended May 31, 2026; shares and float as of October 26, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage