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Held by 1,046 of 6,047 reporting institutions (99th percentile) — extremely crowded.
Data as of Q2 2026
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What the company returns to shareholders — and whether it's covered by cash.
Free-cash-flow coverage unavailable. Last year: $693.0M dividends + $671.7M buybacks = $1.36B returned.
5 consecutive years of dividend increases · 12%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Modest payoff on reinvested capital. Current ROIC on all capital: 27%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-14
How a revenue dollar becomes profit — FY2026
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it. This year they exceeded net income, so the ribbons are capped at earnings and understate what was actually returned.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.21B 100.0% | $12.08B 100.0% | $11.39B 100.0% | $10.49B 100.0% | $9.63B 100.0% | $7.20B 100.0% | $7.81B 100.0% | $8.51B 100.0% | $8.08B 100.0% | $7.17B 100.0% |
| Gross Profit | $2.68B 20.3% | $2.47B 20.5% | $2.29B 20.1% | $1.99B 19.0% | $1.90B 19.7% | $1.40B 19.5% | $1.17B 15.0% | $1.59B 18.7% | $1.49B 18.5% | $1.33B 18.5% |
| Selling, General & Admin | $514.4M 3.9% | $520.3M 4.3% | $479.2M 4.2% | $386.1M 3.7% | $373.2M 3.9% | $396.2M 5.5% | $376.4M 4.8% | $405.5M 4.8% | $409.8M 5.1% | $387.7M 5.4% |
| Total Operating Expenses | $11.63B 88.0% | $10.71B 88.7% | $10.08B 88.5% | $9.29B 88.5% | $8.47B 87.9% | $6.55B 91.0% | $7.76B 99.4% | $7.68B 90.2% | $7.31B 90.5% | $6.49B 90.6% |
| Operating Income | $1.58B 12.0% | $1.36B 11.3% | $1.31B 11.5% | $1.20B 11.5% | $1.16B 12.1% | $648.7M 9.0% | $47.9M 0.6% | $832.5M 9.8% | $766.8M 9.5% | $677.5M 9.4% |
| Interest Expense | $126.5M 1.0% | $115.9M 1.0% | $93.5M 0.8% | $50.2M 0.5% | $40.9M 0.4% | $47.5M 0.7% | $49.3M 0.6% | $44.3M 0.5% | $152.4M 1.9% | $34.4M 0.5% |
| Other Income (Expense), net | — | — | — | $0 0.0% | $0 0.0% | -$8.7M -0.1% | -$151.6M -1.9% | $0 0.0% | $0 0.0% | — |
| Pretax Income | $1.39B 10.5% | $1.19B 9.8% | $1.18B 10.3% | $1.12B 10.7% | $1.09B 11.4% | $576.5M 8.0% | -$161.0M -2.1% | $782.3M 9.2% | $605.7M 7.5% | $637.3M 8.9% |
| Income Tax Expense | $174.9M 1.3% | $136.2M 1.1% | $145.0M 1.3% | $137.0M 1.3% | $138.8M 1.4% | -$55.9M -0.8% | -$111.8M -1.4% | $63.7M 0.7% | $1.9M 0.0% | $154.8M 2.2% |
| Net Income | $1.21B 9.1% | $1.05B 8.7% | $1.03B 9.0% | $981.9M 9.4% | $952.8M 9.9% | $629.3M 8.7% | -$52.4M -0.7% | $713.4M 8.4% | $596.0M 7.4% | $479.1M 6.7% |
| Per Share | ||||||||||
| EPS (Basic) | $10.45 | $8.93 | $8.57 | $8.06 | $7.46 | $4.83 | -$0.43 | $5.78 | $4.81 | $3.85 |
| EPS (Diluted) | $10.38 | $8.86 | $8.51 | $7.99 | $7.39 | $4.77 | -$0.43 | $5.69 | $4.73 | $3.80 |
| Weighted Avg Shares (Basic) | 115.5M | 117.5M | 119.9M | 121.9M | 127.8M | 130.4M | 122.7M | 123.5M | 124.0M | 124.3M |
| Weighted Avg Shares (Diluted) | 116.3M | 118.4M | 120.8M | 122.9M | 129.0M | 131.8M | 122.7M | 125.4M | 126.0M | 126.0M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $219.5M is below the $500.0M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2026-05-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~5.4% on $2.33B of debt.
Cash of $219.5M is below short-term debt of $693.6M — relies on refinancing/operations.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
EOD close · as of 2026-10-14
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE 55% against ROIC 27% — 28% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is 53.4% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 1.7× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Gross Profit | 18.7 | 15.0 | 19.5 | 19.7 | 19.0 | 20.1 | 20.5 | 20.3 |
| SG&A | 4.8 | 4.8 | 5.5 | 3.9 | 3.7 | 4.2 | 4.3 | 3.9 |
| Operating Income | 9.8 | 0.6 | 9.0 | 12.1 | 11.5 | 11.5 | 11.3 | 12.0 |
| Income Tax | 0.7 | -1.4 | -0.8 | 1.4 | 1.3 | 1.3 | 1.1 | 1.3 |
| Net Income | 8.4 | -0.7 | 8.7 | 9.9 | 9.4 | 9.0 | 8.7 | 9.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on DRI: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow on any basis, so a reverse DCF can't be run.
Ranked against 26 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MCD | $168.6B | 19.9× | 16.2× | 6.3× | 3.7% | — | 31.9% | -478% | 22.0% | 3.1× | 3,384 |
| YUM | $40.0B | 26.4× | 14.2× | 4.9× | 8.8% | 69.8% | 19.0% | -21.3% | -21.4% | -0.2× | 1,398 |
| CMG | $38.7B | 26.8× | 16.7× | 3.2× | 5.4% | — | 12.9% | 54.3% | 54.3% | -0.1× | 1,161 |
| QSR | $25.3B | 30.8× | 16.0× | 2.7× | 12.2% | — | 11.4% | 29.6% | 6.4% | 5.5× | 563 |
| DRI | $23.6B | 20.1× | 12.0× | 1.8× | 9.4% | 20.3% | 9.1% | 54.7% | 26.6% | 1.0× | 1,046 |
| YUMC | $14.6B | 17.2× | 8.1× | 1.2× | 4.4% | — | 7.9% | 17.3% | 17.2% | -0.3× | 640 |
| ARMK | $14.4B | 44.9× | 15.1× | 0.8× | 6.4% | — | 1.8% | 10.4% | 3.8% | 3.8× | 522 |
| TXRH | $10.9B | 27.3× | 15.9× | 1.9× | 9.4% | — | 7.0% | 28.4% | 28.4% | -0.2× | 620 |
| EAT | $8.6B | 18.8× | 10.1× | 1.5× | 7.9% | — | 8.4% | 110% | 110% | -0.1× | 493 |
| CAVA | $6.0B | 95.5× | 44.5× | 5.1× | 22.4% | — | 5.4% | 8.2% | 8.2% | -2.2× | 520 |
| CAKE | $5.6B | 36.9× | 20.4× | 1.5× | 4.7% | — | 4.0% | 34.0% | 13.9% | 1.4× | 338 |
| WING | $3.3B | 19.8× | 21.3× | 4.8× | 11.4% | — | 25.0% | -23.7% | 36.9% | 5.0× | 407 |
| ARCO | $1.7B | 7.8× | 4.6× | 0.4× | 4.7% | 98.1% | 4.5% | 27.5% | 11.1% | 1.4× | 173 |
| CBRL | $1.4B | 30.4× | 10.4× | 0.4× | 0.4% | 69.0% | 1.3% | 10.0% | 4.9% | 2.5× | 271 |
| BH | $1.3B | — | 21.1× | 3.2× | 9.2% | 59.2% | -9.5% | -7.2% | -4.9% | -0.4× | 115 |
| BJRI | $1.3B | 27.6× | 10.8× | 0.9× | 3.1% | 74.7% | 3.5% | 13.3% | 10.8% | 0.5× | 186 |
| BLMN | $801M | 93.5× | 7.1× | 0.2× | 0.1% | 70.2% | 0.2% | 2.5% | 0.7% | 3.4× | 231 |
| FWRG | $730M | 38.2× | 10.5× | 0.6× | 20.3% | — | 1.6% | 3.1% | 2.1% | 2.8× | 202 |
| PZZA | $632M | 21.3× | 7.2× | 0.3× | -0.3% | — | 1.5% | -6.9% | 11.3% | 3.8× | 255 |
| LOCO | $479M | 17.5× | 9.0× | 1.0× | 3.6% | — | 5.4% | 9.1% | 7.7% | 0.8× | 145 |
| KRUS | $464M | — | 44.9× | 1.6× | 18.9% | — | -0.7% | -0.8% | -0.8% | -5.1× | 145 |
| NATH | $417M | 21.0× | 14.2× | 2.6× | 9.4% | 34.3% | 12.4% | -141% | 59.0% | 0.8× | 124 |
| DIN | $395M | 28.1× | — | 0.5× | 8.2% | 40.9% | 1.9% | -6.2% | 1.9% | — | 149 |
| PTLO | $338M | 17.3× | 9.2× | 0.5× | 3.0% | — | 2.6% | 4.1% | 2.4% | 4.5× | 173 |
| PC | $274M | — | — | 82.0× | -12.2% | 24.8% | -127% | -52.1% | -50.5% | — | 2 |
Peers = companies sharing DRI's sector (Retail-Eating Places) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Earns 5.82pts above its cost of capital, positive in 5 of the last 5 years.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2020 | 0.5% | 7.8% (today's — no rate published for this year) | -7.2pts |
| FY2021 | 7.6% | 7.8% (today's — no rate published for this year) | -0.2pts |
| FY2022 | 13.0% | 8.4% | 4.6pts |
| FY2023 | 13.3% | 7.2% | 6.1pts |
| FY2024 | 12.9% | 7.6% | 5.3pts |
| FY2025 | 11.9% | 7.2% | 4.7pts |
| FY2026 | 13.6% | 6.9% | 6.7pts |
| Now | 26.6% | 7.8% | 18.8pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2017 | 18.5% | 9.4% | 6.7% |
| FY2018 | 18.5% | 9.5% | 7.4% |
| FY2019 | 18.7% | 9.8% | 8.4% |
| FY2020 | 15.0% | 0.6% | -0.7% |
| FY2021 | 19.5% | 9.0% | 8.7% |
| FY2022 | 19.7% | 12.1% | 9.9% |
| FY2023 | 19.0% | 11.5% | 9.4% |
| FY2024 | 20.1% | 11.5% | 9.0% |
| FY2025 | 20.5% | 11.3% | 8.7% |
| FY2026 | 20.3% | 12.0% | 9.1% |
Leverage and buybacks account for 28 points of the 55% return on equity in FY2026. The business earns 27% on the capital it employs; the rest is balance sheet.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
$1.7B of goodwill — 16% of invested capital. The gap is what was paid above the fair value of what was bought; it is real capital shareholders provided, so neither bar is the whole answer.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Fewer than three profitable years with a cash flow statement, so cash conversion cannot be judged.
No material counter-signal in the checked set: FCF / net income over 3 and 5 years, Sloan accruals, SBC as a share of revenue, SBC as a share of operating cash flow, SBC-adjusted free cash flow, free cash flow per diluted share, buybacks against SBC issued, capex vs depreciation, free cash flow against revenue, share count since the first year on file, cash conversion cycle (DSO, DIO, DPO), receivables growth against revenue growth.
Missing from our data, so excluded from this answer: 3 years of cash flow.
Covers interest 8.8x even after a 30% EBITDA decline.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 12.51x |
| 5% | 11.89x |
| 10% | 11.26x |
| 15% | 10.64x |
| 20% | 10.01x |
| 25% | 9.38x |
| 30% | 8.76x |
| 35% | 8.13x |
| 40% | 7.51x |
| 45% | 6.88x |
| 50% | 6.26x |
| 55% | 5.63x |
| 60% | 5.00x |
Ladder as of 2026-05-31 (10-K); cash from the 2026-05-31 balance sheet; FCF from FY2026.
Balance sheet at 2026-05-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Net debt is 3.6x EBITDA, so coverage today depends on earnings holding up rather than on the balance sheet.
No positive free cash flow to discount, so the price cannot be expressed as a growth requirement.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: free_cash_flow.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.