InsiderClue
Stocks · Consumer discretionary · Retail-Eating Places

Darden Restaurants

DRI Clue Score49
United States Fiscal year ends May CIK 0000940944
$197.66 -1.43% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $197.66 +29.19% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue7.17Operating income0.68Net income0.48EPS, diluted3.80Fiscal year 2018Revenue8.08 +12.7%Operating income0.77Net income0.60 +24.4%EPS, diluted4.73 +24.5%Fiscal year 2019Revenue8.51 +5.3%Operating income0.83Net income0.71 +19.7%EPS, diluted5.69 +20.3%Fiscal year 2020Revenue7.81 −8.3%Operating income0.05Net income−0.05 −107.3%EPS, diluted−0.43 −107.6%Fiscal year 2021Revenue7.20 −7.8%Operating income0.65Net income0.63EPS, diluted4.77Fiscal year 2022Revenue9.63 +33.8%Operating income1.16Net income0.95 +51.4%EPS, diluted7.39 +54.9%Fiscal year 2023Revenue10.49 +8.9%Operating income1.20Net income0.98 +3.1%EPS, diluted7.99 +8.1%Fiscal year 2024Revenue11.39 +8.6%Operating income1.31Net income1.03 +4.7%EPS, diluted8.51 +6.5%Fiscal year 2025Revenue12.08 +6.0%Operating income1.36Net income1.05 +2.1%EPS, diluted8.86 +4.1%Fiscal year 2026Revenue13.21 +9.4%Operating income1.58Net income1.21 +15.0%EPS, diluted10.38 +17.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 7.17 8.08 8.51 7.81 7.20 9.63 10.49 11.39 12.08 13.21
Growth +12.7% +5.3% −8.3% −7.8% +33.8% +8.9% +8.6% +6.0% +9.4%
Operating income 0.68 0.77 0.83 0.05 0.65 1.16 1.20 1.31 1.36 1.58
Net income 0.48 0.60 0.71 −0.05 0.63 0.95 0.98 1.03 1.05 1.21
Growth +24.4% +19.7% −107.3% +51.4% +3.1% +4.7% +2.1% +15.0%
EPS, diluted 3.80 4.73 5.69 −0.43 4.77 7.39 7.99 8.51 8.86 10.38
Growth +24.5% +20.3% −107.6% +54.9% +8.1% +6.5% +4.1% +17.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin18.5%Operating margin9.4%Net margin6.7%Free cash flow margin8.7%Fiscal year 2018Gross margin18.5%Operating margin9.5%Net margin7.4%Free cash flow margin7.7%Fiscal year 2019Gross margin18.7%Operating margin9.8%Net margin8.4%Free cash flow margin9.6%Fiscal year 2020Gross margin15.0%Operating margin0.6%Net margin−0.7%Free cash flow margin3.3%Fiscal year 2021Gross margin19.5%Operating margin9.0%Net margin8.7%Free cash flow margin13.0%Fiscal year 2022Gross margin19.7%Operating margin12.1%Net margin9.9%Free cash flow margin9.2%Fiscal year 2023Gross margin19.0%Operating margin11.5%Net margin9.4%Free cash flow margin9.4%Fiscal year 2024Gross margin20.1%Operating margin11.5%Net margin9.0%Free cash flow margin9.0%Fiscal year 2025Gross margin20.5%Operating margin11.3%Net margin8.7%Free cash flow margin8.8%Fiscal year 2026Gross margin20.3%Operating margin12.0%Net margin9.1%Free cash flow margin8.5%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 18.5% 18.5% 18.7% 15.0% 19.5% 19.7% 19.0% 20.1% 20.5% 20.3%
Operating margin 9.4% 9.5% 9.8% 0.6% 9.0% 12.1% 11.5% 11.5% 11.3% 12.0%
Net margin 6.7% 7.4% 8.4% −0.7% 8.7% 9.9% 9.4% 9.0% 8.7% 9.1%
Free cash flow margin 8.7% 7.7% 9.6% 3.3% 13.0% 9.2% 9.4% 9.0% 8.8% 8.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow0.92Capital expenditure−0.29Free cash flow0.62Buybacks−0.23Dividends paid−0.28Fiscal year 2018Operating cash flow1.02Capital expenditure−0.40Free cash flow0.62 +0.1%Buybacks−0.23Dividends paid−0.31Fiscal year 2019Operating cash flow1.27Capital expenditure−0.45Free cash flow0.82 +30.7%Buybacks−0.21Dividends paid−0.37Fiscal year 2020Operating cash flow0.72Capital expenditure−0.46Free cash flow0.26 −68.4%Buybacks−0.33Dividends paid−0.32Fiscal year 2021Operating cash flow1.19Capital expenditure−0.25Free cash flow0.94 +264.5%Buybacks−0.05Dividends paid−0.20Fiscal year 2022Operating cash flow1.26Capital expenditure−0.38Free cash flow0.89 −5.4%Buybacks−1.07Dividends paid−0.56Fiscal year 2023Operating cash flow1.55Capital expenditure−0.56Free cash flow0.99 +11.3%Buybacks−0.46Dividends paid−0.59Fiscal year 2024Operating cash flow1.62Capital expenditure−0.60Free cash flow1.02 +3.3%Buybacks−0.45Dividends paid−0.63Fiscal year 2025Operating cash flow1.71Capital expenditure−0.64Free cash flow1.06 +4.1%Buybacks−0.42Dividends paid−0.66Fiscal year 2026Operating cash flow1.85Capital expenditure−0.73Free cash flow1.12 +5.3%Buybacks−0.67Dividends paid−0.69
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 0.92 1.02 1.27 0.72 1.19 1.26 1.55 1.62 1.71 1.85
Capital expenditure −0.29 −0.40 −0.45 −0.46 −0.25 −0.38 −0.56 −0.60 −0.64 −0.73
Free cash flow 0.62 0.62 0.82 0.26 0.94 0.89 0.99 1.02 1.06 1.12
Growth +0.1% +30.7% −68.4% +264.5% −5.4% +11.3% +3.3% +4.1% +5.3%
Buybacks −0.23 −0.23 −0.21 −0.33 −0.05 −1.07 −0.46 −0.45 −0.42 −0.67
Dividends paid −0.28 −0.31 −0.37 −0.32 −0.20 −0.56 −0.59 −0.63 −0.66 −0.69

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash0.23Total debt0.94Net cash (debt)−0.70Shareholders’ equity2.10Debt to equity0.45Fiscal year 2018Cash0.15Total debt0.93Net cash (debt)−0.78Shareholders’ equity2.19Debt to equity0.42Fiscal year 2019Cash0.46Total debt0.93Net cash (debt)−0.47Shareholders’ equity2.39Debt to equity0.39Fiscal year 2020Cash0.76Total debt0.93Net cash (debt)−0.17Shareholders’ equity2.33Debt to equity0.40Fiscal year 2021Cash1.21Total debt0.93Net cash (debt)0.28Shareholders’ equity2.81Debt to equity0.33Fiscal year 2022Cash0.42Total debt0.90Net cash (debt)−0.48Shareholders’ equity2.20Debt to equity0.41Fiscal year 2023Cash0.37Total debt0.88Net cash (debt)−0.52Shareholders’ equity2.20Debt to equity0.40Fiscal year 2024Cash0.19Total debt1.37Net cash (debt)−1.18Shareholders’ equity2.24Debt to equity0.61Fiscal year 2025Cash0.24Total debt2.13Net cash (debt)−1.89Shareholders’ equity2.31Debt to equity0.92Fiscal year 2026Cash0.22Total debt2.33Net cash (debt)−2.11Shareholders’ equity2.21Debt to equity1.06
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 0.23 0.15 0.46 0.76 1.21 0.42 0.37 0.19 0.24 0.22
Total debt 0.94 0.93 0.93 0.93 0.93 0.90 0.88 1.37 2.13 2.33
Net cash (debt) −0.70 −0.78 −0.47 −0.17 0.28 −0.48 −0.52 −1.18 −1.89 −2.11
Shareholders’ equity 2.10 2.19 2.39 2.33 2.81 2.20 2.20 2.24 2.31 2.21
Debt to equity 0.45 0.42 0.39 0.40 0.33 0.41 0.40 0.61 0.92 1.06

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending May, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 28 May 2017 FY2018 27 May 2018 FY2019 26 May 2019 FY2020 31 May 2020 FY2021 30 May 2021 FY2022 29 May 2022 FY2023 28 May 2023 FY2024 26 May 2024 FY2025 25 May 2025 FY2026 31 May 2026
Revenue and profit
7.17 8.08 8.51 7.81 7.20 9.63 10.49 11.39 12.08 13.21
Growth +12.7% +5.3% −8.3% −7.8% +33.8% +8.9% +8.6% +6.0% +9.4%
1.33 1.49 1.59 1.17 1.40 1.90 1.99 2.29 2.47 2.68
Growth +12.3% +6.7% −26.6% +19.8% +35.6% +4.7% +15.0% +8.0% +8.5%
0.39 0.41 0.41 0.38 0.40 0.37 0.39 0.48 0.52 0.51
0.68 0.77 0.83 0.05 0.65 1.16 1.20 1.31 1.36 1.58
Growth +13.2% +8.6% −94.2% +1,254.3% +79.2% +3.4% +9.4% +3.7% +16.2%
0.64 0.61 0.78 −0.16 0.58 1.09 1.12 1.18 1.19 1.39
0.15 0.00 0.06 −0.11 −0.06 0.14 0.14 0.15 0.14 0.17
0.48 0.60 0.71 −0.05 0.63 0.95 0.98 1.03 1.05 1.21
Growth +24.4% +19.7% −107.3% +51.4% +3.1% +4.7% +2.1% +15.0%
Per share
3.85 4.81 5.78 −0.43 4.83 7.46 8.06 8.57 8.93 10.45
3.80 4.73 5.69 −0.43 4.77 7.39 7.99 8.51 8.86 10.38
Growth +24.5% +20.3% −107.6% +54.9% +8.1% +6.5% +4.1% +17.2%
124.3 124.0 123.5 122.7 130.4 127.8 121.9 119.9 117.5 115.5
126.0 126.0 125.4 122.7 131.8 129.0 122.9 120.8 118.4 116.3
Growth +0.0% −0.5% −2.2% +7.4% −2.1% −4.7% −1.7% −2.0% −1.8%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 12.9% a year over five years, and earnings per share grew 16.8% a year.
  • The diluted share count fell 11.8% in five years, so buybacks did some of the work per share.
  • Operating margin is up 3.0 points on five years ago, at 12.0%.
  • A net loss in 1 of 10 years on file.