D

DARDEN RESTAURANTS, INC.

DRI · CIK 0000940944

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$12.08B6.0%
FY2025
Net income (FY)
$1.05B2.1%
FY2025
Free cash flow (FY)
$1.06B4.1%
FY2025
Diluted EPS (FY)
$8.864.1%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10BFY2008 · Revenue $6.63B · Net income $377.2M · 0001193125-10-165061 · filed 2010-07-23FY08Revenue $6.63BNet income $377.2M0001193125-10-165061 · filed 2010-07-23FY2009 · Revenue $7.22B · Net income $372.2M · 0001193125-11-194810 · filed 2011-07-22FY09Revenue $7.22BNet income $372.2M0001193125-11-194810 · filed 2011-07-22FY2010 · Revenue $7.11B · Net income $404.5M · 0000940944-12-000031 · filed 2012-07-20FY10Revenue $7.11BNet income $404.5M0000940944-12-000031 · filed 2012-07-20FY2011 · Revenue $7.50B · Net income $476.3M · 0000940944-13-000027 · filed 2013-07-19FY11Revenue $7.50BNet income $476.3M0000940944-13-000027 · filed 2013-07-19FY2012 · Revenue $5.33B · Net income $475.5M · 0000940944-14-000064 · filed 2014-07-18FY12Revenue $5.33BNet income $475.5M0000940944-14-000064 · filed 2014-07-18FY2013 · Revenue $5.92B · Net income $411.9M · 0000940944-15-000039 · filed 2015-07-24FY13Revenue $5.92BNet income $411.9M0000940944-15-000039 · filed 2015-07-24FY2014 · Revenue $6.29B · Net income $286.2M · 0000940944-16-000116 · filed 2016-07-25FY14Revenue $6.29BNet income $286.2M0000940944-16-000116 · filed 2016-07-25FY2015 · Revenue $6.76B · Net income $709.5M · 0000940944-17-000027 · filed 2017-07-21FY15Revenue $6.76BNet income $709.5M0000940944-17-000027 · filed 2017-07-21FY2016 · Revenue $6.93B · Net income $375.0M · 0000940944-18-000050 · filed 2018-07-20FY16Revenue $6.93BNet income $375.0M0000940944-18-000050 · filed 2018-07-20FY2017 · Revenue $7.17B · Net income $479.1M · 0000940944-19-000025 · filed 2019-07-19FY17Revenue $7.17BNet income $479.1M0000940944-19-000025 · filed 2019-07-19FY2018 · Revenue $8.08B · Net income $596.0M · 0000940944-20-000046 · filed 2020-07-24FY18Revenue $8.08BNet income $596.0M0000940944-20-000046 · filed 2020-07-24FY2019 · Revenue $8.51B · Net income $713.4M · 0000940944-21-000041 · filed 2021-07-23FY19Revenue $8.51BNet income $713.4M0000940944-21-000041 · filed 2021-07-23FY2020 · Revenue $7.81B · Net income −$52.4M · 0000940944-22-000042 · filed 2022-07-22FY20Revenue $7.81BNet income −$52.4M0000940944-22-000042 · filed 2022-07-22FY2021 · Revenue $7.20B · Net income $629.3M · 0000940944-23-000037 · filed 2023-07-21FY21Revenue $7.20BNet income $629.3M0000940944-23-000037 · filed 2023-07-21FY2022 · Revenue $9.63B · Net income $952.8M · 0000940944-24-000035 · filed 2024-07-19FY22Revenue $9.63BNet income $952.8M0000940944-24-000035 · filed 2024-07-19FY2023 · Revenue $10.49B · Net income $981.9M · 0000940944-25-000038 · filed 2025-07-18FY23Revenue $10.49BNet income $981.9M0000940944-25-000038 · filed 2025-07-18FY2024 · Revenue $11.39B · Net income $1.03B · 0000940944-25-000038 · filed 2025-07-18FY24Revenue $11.39BNet income $1.03B0000940944-25-000038 · filed 2025-07-18FY2025 · Revenue $12.08B · Net income $1.05B · 0000940944-25-000038 · filed 2025-07-18FY25Revenue $12.08BNet income $1.05B0000940944-25-000038 · filed 2025-07-18FY25Revenue $12.08BNet income $1.05B0000940944-25-000038 · filed 2025-07-18FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 1.8× since FY2008 · net margin 5.7% → 8.7%

MarginsNet marginFCF margin
0%5%10%FY2008 · Net margin 5.7% · FCF margin 5.1%FY08Net margin 5.7%FCF margin 5.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 5.2% · FCF margin 3.4%FY09Net margin 5.2%FCF margin 3.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 5.7% · FCF margin 6.6%FY10Net margin 5.7%FCF margin 6.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 6.4% · FCF margin 4.6%FY11Net margin 6.4%FCF margin 4.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 8.9% · FCF margin 1.0%FY12Net margin 8.9%FCF margin 1.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 7.0% · FCF margin 1.4%FY13Net margin 7.0%FCF margin 1.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 4.6% · FCF margin 2.2%FY14Net margin 4.6%FCF margin 2.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 10.5% · FCF margin 8.5%FY15Net margin 10.5%FCF margin 8.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 5.4% · FCF margin 8.5%FY16Net margin 5.4%FCF margin 8.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 6.7% · FCF margin 8.7%FY17Net margin 6.7%FCF margin 8.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 7.4% · FCF margin 7.7%FY18Net margin 7.4%FCF margin 7.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 8.4% · FCF margin 9.6%FY19Net margin 8.4%FCF margin 9.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -0.7% · FCF margin 3.3%FY20Net margin -0.7%FCF margin 3.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 8.7% · FCF margin 13.0%FY21Net margin 8.7%FCF margin 13.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 9.9% · FCF margin 9.2%FY22Net margin 9.9%FCF margin 9.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 9.4% · FCF margin 9.4%FY23Net margin 9.4%FCF margin 9.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 9.0% · FCF margin 9.0%FY24Net margin 9.0%FCF margin 9.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 8.7% · FCF margin 8.8%FY25Net margin 8.7%FCF margin 8.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 8.7%FCF margin 8.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 8.7% · free cash flow 8.8% of revenue

Cash engineOperating cash flowFree cash flow
$0$500M$1B$1.5BFY2008 · OCF $766.8M · FCF $337.6M · 0001193125-10-165061 · filed 2010-07-23FY08OCF $766.8MFCF $337.6M0001193125-10-165061 · filed 2010-07-23FY2009 · OCF $783.5M · FCF $248.2M · 0001193125-11-194810 · filed 2011-07-22FY09OCF $783.5MFCF $248.2M0001193125-11-194810 · filed 2011-07-22FY2010 · OCF $903.4M · FCF $471.3M · 0000940944-12-000031 · filed 2012-07-20FY10OCF $903.4MFCF $471.3M0000940944-12-000031 · filed 2012-07-20FY2011 · OCF $894.7M · FCF $347.0M · 0000940944-13-000027 · filed 2013-07-19FY11OCF $894.7MFCF $347.0M0000940944-13-000027 · filed 2013-07-19FY2012 · OCF $513.5M · FCF $55.9M · 0000940944-14-000064 · filed 2014-07-18FY12OCF $513.5MFCF $55.9M0000940944-14-000064 · filed 2014-07-18FY2013 · OCF $594.4M · FCF $84.3M · 0000940944-15-000039 · filed 2015-07-24FY13OCF $594.4MFCF $84.3M0000940944-15-000039 · filed 2015-07-24FY2014 · OCF $555.4M · FCF $140.6M · 0000940944-16-000116 · filed 2016-07-25FY14OCF $555.4MFCF $140.6M0000940944-16-000116 · filed 2016-07-25FY2015 · OCF $874.3M · FCF $577.8M · 0000940944-17-000027 · filed 2017-07-21FY15OCF $874.3MFCF $577.8M0000940944-17-000027 · filed 2017-07-21FY2016 · OCF $820.4M · FCF $592.1M · 0000940944-18-000050 · filed 2018-07-20FY16OCF $820.4MFCF $592.1M0000940944-18-000050 · filed 2018-07-20FY2017 · OCF $916.3M · FCF $623.3M · 0000940944-19-000025 · filed 2019-07-19FY17OCF $916.3MFCF $623.3M0000940944-19-000025 · filed 2019-07-19FY2018 · OCF $1.02B · FCF $623.8M · 0000940944-20-000046 · filed 2020-07-24FY18OCF $1.02BFCF $623.8M0000940944-20-000046 · filed 2020-07-24FY2019 · OCF $1.27B · FCF $815.6M · 0000940944-21-000041 · filed 2021-07-23FY19OCF $1.27BFCF $815.6M0000940944-21-000041 · filed 2021-07-23FY2020 · OCF $717.4M · FCF $257.5M · 0000940944-22-000042 · filed 2022-07-22FY20OCF $717.4MFCF $257.5M0000940944-22-000042 · filed 2022-07-22FY2021 · OCF $1.19B · FCF $938.6M · 0000940944-23-000037 · filed 2023-07-21FY21OCF $1.19BFCF $938.6M0000940944-23-000037 · filed 2023-07-21FY2022 · OCF $1.26B · FCF $887.7M · 0000940944-24-000035 · filed 2024-07-19FY22OCF $1.26BFCF $887.7M0000940944-24-000035 · filed 2024-07-19FY2023 · OCF $1.55B · FCF $987.9M · 0000940944-25-000038 · filed 2025-07-18FY23OCF $1.55BFCF $987.9M0000940944-25-000038 · filed 2025-07-18FY2024 · OCF $1.62B · FCF $1.02B · 0000940944-25-000038 · filed 2025-07-18FY24OCF $1.62BFCF $1.02B0000940944-25-000038 · filed 2025-07-18FY2025 · OCF $1.71B · FCF $1.06B · 0000940944-25-000038 · filed 2025-07-18FY25OCF $1.71BFCF $1.06B0000940944-25-000038 · filed 2025-07-18FY25OCF $1.71BFCF $1.06B0000940944-25-000038 · filed 2025-07-18’09’13’17’21’25

FY2025: $1.71B operating cash − $644.6M capex = $1.06B free cash flow

Returns on capitalReturn on equityReturn on assets
0%20%40%FY2009 · ROE 23.2% · ROA 7.4%FY09ROE 23.2%ROA 7.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 21.4% · ROA 7.7%FY10ROE 21.4%ROA 7.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 24.6% · ROA 8.7%FY11ROE 24.6%ROA 8.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 25.8% · ROA 8.0%FY12ROE 25.8%ROA 8.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 20.0% · ROA 5.9%FY13ROE 20.0%ROA 5.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 13.3% · ROA 4.0%FY14ROE 13.3%ROA 4.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 30.4% · ROA 11.8%FY15ROE 30.4%ROA 11.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 19.2% · ROA 8.2%FY16ROE 19.2%ROA 8.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 22.8% · ROA 9.1%FY17ROE 22.8%ROA 9.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 27.2% · ROA 10.9%FY18ROE 27.2%ROA 10.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 29.8% · ROA 12.1%FY19ROE 29.8%ROA 12.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -2.2% · ROA -0.5%FY20ROE -2.2%ROA -0.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 22.4% · ROA 5.9%FY21ROE 22.4%ROA 5.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 43.3% · ROA 9.4%FY22ROE 43.3%ROA 9.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 44.6% · ROA 9.6%FY23ROE 44.6%ROA 9.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 45.8% · ROA 9.1%FY24ROE 45.8%ROA 9.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 45.4% · ROA 8.3%FY25ROE 45.4%ROA 8.3%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 45.4%ROA 8.3%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 23% (FY2009) → 45% (FY2025) · on assets 8.3%

Balance sheetLiabilitiesEquity
$0$5B$10BFY2009 · Liabilities $3.42B · Equity $1.61BFY09Liabilities $3.42BEquity $1.61B0001193125-10-165061 · filed 2010-07-23FY2010 · Liabilities $3.38B · Equity $1.89BFY10Liabilities $3.38BEquity $1.89B0001193125-11-194810 · filed 2011-07-22FY2011 · Liabilities $3.53B · Equity $1.94BFY11Liabilities $3.53BEquity $1.94B0000940944-12-000031 · filed 2012-07-20FY2012 · Liabilities $4.10B · Equity $1.84BFY12Liabilities $4.10BEquity $1.84B0000940944-13-000027 · filed 2013-07-19FY2013 · Liabilities $4.88B · Equity $2.06BFY13Liabilities $4.88BEquity $2.06B0000940944-14-000064 · filed 2014-07-18FY2014 · Liabilities $4.93B · Equity $2.16BFY14Liabilities $4.93BEquity $2.16B0000940944-15-000039 · filed 2015-07-24FY2015 · Liabilities $3.66B · Equity $2.33BFY15Liabilities $3.66BEquity $2.33B0000940944-16-000116 · filed 2016-07-25FY2016 · Liabilities $2.63B · Equity $1.95BFY16Liabilities $2.63BEquity $1.95B0000940944-17-000027 · filed 2017-07-21FY2017 · Liabilities $3.19B · Equity $2.10BFY17Liabilities $3.19BEquity $2.10B0000940944-18-000050 · filed 2018-07-20FY2018 · Liabilities $3.27B · Equity $2.19BFY18Liabilities $3.27BEquity $2.19B0000940944-19-000025 · filed 2019-07-19FY2019 · Liabilities $3.50B · Equity $2.39BFY19Liabilities $3.50BEquity $2.39B0000940944-20-000046 · filed 2020-07-24FY2020 · Liabilities $7.61B · Equity $2.33BFY20Liabilities $7.61BEquity $2.33B0000940944-21-000041 · filed 2021-07-23FY2021 · Liabilities $7.84B · Equity $2.81BFY21Liabilities $7.84BEquity $2.81B0000940944-22-000042 · filed 2022-07-22FY2022 · Liabilities $7.94B · Equity $2.20BFY22Liabilities $7.94BEquity $2.20B0000940944-23-000037 · filed 2023-07-21FY2023 · Liabilities $8.04B · Equity $2.20BFY23Liabilities $8.04BEquity $2.20B0000940944-24-000035 · filed 2024-07-19FY2024 · Liabilities $9.08B · Equity $2.24BFY24Liabilities $9.08BEquity $2.24B0000940944-25-000038 · filed 2025-07-18FY2025 · Liabilities $10.28B · Equity $2.31BFY25Liabilities $10.28BEquity $2.31B0000940944-25-000038 · filed 2025-07-18FY25Liabilities $10.28BEquity $2.31B0000940944-25-000038 · filed 2025-07-18’09’13’17’21’25

FY2025: $12.59B assets · $10.28B liabilities · $2.31B equity

The receipts