Latest revenue
$3.35B
as of 2026-02-22
Latest net income
$306.8M
as of 2026-02-22
Net margin
9.2%
as of 2026-02-22
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $23.31B
- Enterprise value
- $25.50B
- P/E (trailing)
- 22.2×
- Forward P/E
- —
- P/B
- 11.08×
- Dividend yield
- 2.9%
- 52-wk high
- $228.27
- 52-wk low
- $169.00
- Beta
- —
- Shares out
- 114.5M
5-year trend
What this company does
Darden operates roughly 2,000 full-service restaurants across the US under brands including Olive Garden, LongHorn Steakhouse, Cheddar's, Yard House, Ruth's Chris, and The Capital Grille. Nearly all revenue comes from company-owned restaurant sales, with a small contribution from 164 franchised locations domestically and abroad; nine-month sales reached $9.49 billion, up 8% year-over-year. Following last year's $614 million Chuy's acquisition, Darden is now focused on integrating that brand while returning cash through aggressive buybacks ($531 million) and a raised $4.50 nine-month dividend.
Generated from DRI's filing dated 2025-07-18
Key risks
- Margin compression: Q3 operating income fell to $406.4M from $418.2M YoY despite 5.9% sales growth, with $25.1M impairment charge
- Aggressive capital return outpacing FCF: $531.5M buybacks + $525.2M dividends YTD vs $1,281M operating cash flow, driving retained earnings to -$217.4M
- Rising leverage: Short-term debt jumped from $0 to $290M; total liabilities grew to $10.78B against just $2.10B equity and $240M cash
Generated from DRI's filing dated 2025-07-18
Profitability
Operating margin
11.3%
2.2%Net margin
8.7%
3.7%Return on equity
45.4%
0.9%Return on assets
8.3%
8.1%Leverage
Debt / equity
4.45×
9.8%Long-term debt / equity
0.92×
50.7%Debt / assets
81.6%
1.8%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-02-22 | $3.35B | +5.9% | $306.8M | -5.1% | 9.2% |
Q4 2025 2025-11-23 | $3.10B | +7.3% | $237.2M | +10.3% | 7.6% |
Q3 2025 2025-08-24 | $3.04B | +10.4% | $257.8M | +24.4% | 8.5% |
Q2 2025 2025-05-25 | $3.27B | +10.6% | $303.9M | -1.4% | 9.3% |
Q1 2025 2025-02-23 | $3.16B | +6.2% | $323.4M | +3.4% | 10.2% |
Q4 2024 2024-11-24 | $2.89B | +6.0% | $215.1M | +1.4% | 7.4% |
Q3 2024 2024-08-25 | $2.76B | +1.0% | $207.2M | +6.5% | 7.5% |
Q2 2024 2024-05-26 | $2.96B | — | $308.1M | — | 10.4% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Retail-Eating Places · SIC 5812
Your notes
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Insider activity
Insider buying
$0
Insider selling
$22.9M
Net activity
−$22.9M
Distinct insiders
14
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns DRI
Institutional value
$12.01B
Total shares held
62.2M
Distinct holders
720
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | Capital World Investors | 14.9M | $2.93B | — | New |
| 2 | BlackRock, Inc. | 9.6M | $1.89B | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 7.5M | $1.47B | — | New |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 5.4M | $1.05B | — | New |
| 5 | Invesco Ltd. | 1.9M | $364.8M | — | New |
| 6 | DIMENSIONAL FUND ADVISORS LP | 1.3M | $248.1M | — | New |
| 7 | BAHL & GAYNOR INC | 1.0M | $198.0M | — | New |
| 8 | Bank of New York Mellon Corp | 1.0M | $198.0M | — | New |
| 9 | UBS Group AG | 964.8K | $189.1M | — | New |
| 10 | Hamlin Capital Management, LLC | 851.0K | $166.8M | — | New |
| 11 | Capital International Investors | 718.2K | $140.7M | — | New |
| 12 | Legal & General Group Plc | 696.3K | $136.5M | — | New |
| 13 | VANGUARD FIDUCIARY TRUST CO | 663.3K | $130.0M | — | New |
| 14 | Boston Partners | 593.1K | $116.3M | — | New |
| 15 | WELLS FARGO & COMPANY/MN | 578.1K | $113.3M | — | New |
| 16 | ENVESTNET ASSET MANAGEMENT INC | 493.3K | $96.7M | — | New |
| 17 | DEUTSCHE BANK AG\ | 464.0K | $91.0M | — | New |
| 18 | CITIGROUP INC | 440.3K | $86.3M | — | New |
| 19 | Nuveen, LLC | 381.7K | $74.8M | — | New |
| 20 | JANE STREET GROUP, LLC | 378.0K | $74.1M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Q3 operating margin compressed to 12.1% from 13.2% YoY despite 5.9% sales growth—why are labor and restaurant expenses outpacing menu pricing?
- 2
You took a $25.1M Q3 impairment charge after a $19.8M nine-month gain on disposals—which brands or units are underperforming, and is more coming?
- 3
With $531M in buybacks and $525M dividends versus $1.28B operating cash flow, why add $290M short-term debt rather than moderate capital return?
Refreshed when DRI files a new report · last from 2025-07-18