Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Darden Restaurants

DRI stock analysis · Consumer Discretionary · Restaurants

FY 2025-05-25ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$206.01HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$23.5B

Price × SEC outstanding shares. Shares measured 2026-05-31. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$141.45

Equity cash-flow scenario · SEC outstanding shares at 2026-05-31 · -31.3% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

14.2%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

26.2%

5 industry peers · median 28.3×

How this is calculated ↗
Valuation

Historical multiples

20.7×

6 annual observations · snapshot P/E 22.4× · 8.0% versus history

How this is calculated ↗
Valuation

Free cash flow yield

4.5%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

27.9%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation)

How this is calculated ↗
Valuation

Value composite

50/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

11.2%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

4.3%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-5.5%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

1.9%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 1.9B2021-05-30: cfo $1,193,500,000.002021-05-30: capex $254,900,000.0020212022-05-29: cfo $1,264,600,000.002022-05-29: capex $376,900,000.0020222023-05-28: cfo $1,552,800,000.002023-05-28: capex $564,900,000.0020232024-05-26: cfo $1,621,700,000.002024-05-26: capex $601,200,000.0020242025-05-25: cfo $1,707,000,000.002025-05-25: capex $644,600,000.0020252026-05-31: cfo $1,853,100,000.002026-05-31: capex $734,000,000.002026
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$177.42$193.58$210.96
10.0%$130.01$141.45$153.73
12.0%$102.57$111.30$120.66

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2026-05-3113.2B1.2B1.9B734M12.9B
2025-05-2512.1B1B1.7B644.6M12.6B
2024-05-2611.4B1B1.6B601.2M11.3B
2023-05-2810.5B981.9M1.6B564.9M10.2B
2022-05-299.6B952.8M1.3B376.9M10.1B
2021-05-307.2B629.3M1.2B254.9M10.7B
2020-05-317.8B-52.4M717.4M459.9M9.9B
2019-05-268.5B713.4M1.3B452M5.9B
2018-05-278.1B596M1B396M5.5B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue12.1BRevenueFromContractWithCustomerExcludingAssessedTax2026-07-24
netIncome1BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-07-24
Parent/common earnings proxy1BNetIncomeLoss2026-07-24
cfo1.7BNetCashProvidedByUsedInOperatingActivitiesContinuingOperations2026-07-24
capex644.6MPaymentsToAcquirePropertyPlantAndEquipment2026-07-24
operatingIncome1.4BOperatingIncomeLoss2026-07-24
assets12.6BAssets2026-07-24
equity2.3BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-07-24
Parent book equity proxy2.3BStockholdersEquity2026-07-24
debt2.1BLongTermDebt2026-07-24
shortDebt0ShortTermBorrowings2025-07-18
cash240MCashAndCashEquivalentsAtCarryingValue2026-07-24
shares118.4MWeightedAverageNumberOfDilutedSharesOutstanding2026-07-24
dividends658.5MPaymentsOfDividends2026-07-24
buybacks418.2MPaymentsForRepurchaseOfCommonStock2026-07-24
issuance55.6MProceedsFromIssuanceOfCommonStock2026-07-24