The company's financial position appears precarious, highlighted by a debt-to-equity ratio that reached 9.10 in 2025Q4 and a persistently low current ratio of 0.26 as of 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|
| Total Current Assets | 208.8M | 252.48M | 320.52M | 343.31M | 346.58M | 352.79M | 323.85M | 340.47M | 335.48M | 360.21M | 390.52M | 418.64M | 600.55M | 484.03M | 487.81M | 708.28M |
| Cash & Short-Term Investments | 71.3M | 59.46M | 70.06M | 111.52M | 84.73M | 87.58M | 109.98M | 67.14M | 71.82M | 128.26M | 127.18M | 132.34M | 165.74M | 209.87M | 261.69M | 482.08M |
| Cash Only | 71.3M | 59.46M | 70.06M | 111.52M | 84.73M | 87.58M | 109.98M | 67.14M | 71.82M | 128.26M | 127.18M | 132.34M | 165.74M | 209.87M | 261.69M | 482.08M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 102.22M | 114.6M | 93.84M | 131.95M | 123.09M | 103.48M | 141.11M | 122.26M | 110.67M | 134.94M | 148.54M | 135.68M | 57.7M | 47.98M | 62.83M |
| Days Sales Outstanding | 10.53 | 9.43 | 10.59 | 8.22 | 12.01 | 10.9 | 11.91 | 12.44 | 10.81 | 9.59 | 11.58 | 12.39 | 11.15 | 5.1 | 4.39 | 5.97 |
| Inventory | 53.2M | 0 | 68.7M | 62.95M | 78.12M | 79.11M | 61.93M | 86.86M | 72.81M | 51.26M | 65.23M | 80.7M | 80.82M | 80.61M | 78.18M | 69.22M |
| Days Inventory Outstanding | 13.09 | - | 21.85 | 6.66 | 8.55 | 8.52 | 7.97 | 9.14 | 7.68 | 5.32 | 6.69 | 8.11 | 7.97 | 8.51 | 8.6 | 20.61 |
| Other Current Assets | 84.31M | 90.81M | 44.06M | 53.1M | 22.43M | 41.81M | 36.31M | 25.13M | 30.47M | 29.32M | 27.87M | 26.69M | 186.23M | 107.56M | 76.78M | 55.39M |
| Total Non-Current Assets | 2.91B | 2.92B | 3.06B | 3.08B | 2.97B | 2.94B | 3.04B | 3.25B | 2.13B | 2.21B | 2.25B | 2.61B | 2.74B | 2.79B | 2.53B | 2.65B |
| Property, Plant & Equipment | 1.88B | 0 | 1.96B | 1.96B | 2.02B | 1.97B | 2.06B | 2.3B | 1.12B | 1.17B | 1.24B | 1.59B | 1.63B | 1.63B | 1.51B | 1.64B |
| Fixed Asset Turnover | 2.76x | - | 2.01x | 2.13x | 1.99x | 2.09x | 1.54x | 1.80x | 3.70x | 3.59x | 3.44x | 2.75x | 2.73x | 2.53x | 2.65x | 2.35x |
| Goodwill | 185.13M | 185.13M | 213.32M | 213.32M | 273.03M | 268.44M | 271.16M | 288.44M | 295.43M | 310.23M | 310.06M | 300.86M | 341.54M | 346.25M | 270.97M | 268.77M |
| Intangible Assets | 424.31M | 447.63M | 429.09M | 456.04M | 471.78M | 476.68M | 484.23M | 494.9M | 528.13M | 546.95M | 563.04M | 574.71M | 613.28M | 644.93M | 577.78M | 566.15M |
| Long-Term Investments | 190.38M | 63.97M | 0 | 0 | 0 | 0 | 0 | 0 | 6.56M | 8.23M | 2.63M | 3.73M | 6.92M | 12.35M | 36.75M | 35.03M |
| Other Non-Current Assets | 177.45M | 2.22B | 274.97M | 296.8M | 58.69M | 55.4M | 68.38M | 92.82M | 90.26M | 102.37M | 100.12M | 132.54M | 146.65M | 150.09M | 134.67M | 139.81M |
| Total Assets | 3.11B | 3.17B | 3.38B | 3.42B | 3.32B | 3.29B | 3.36B | 3.59B | 2.46B | 2.57B | 2.64B | 3.03B | 3.34B | 3.27B | 3.02B | 3.35B |
| Asset Turnover | 1.23x | 1.25x | 1.17x | 1.22x | 1.21x | 1.25x | 0.94x | 1.15x | 1.67x | 1.64x | 1.61x | 1.44x | 1.33x | 1.26x | 1.32x | 1.15x |
| Asset Growth % | -19.09% | -6.29% | -1.15% | 3.12% | 0.79% | -2.02% | -6.42% | 45.76% | -4.2% | -2.63% | -12.87% | -9.32% | 2.14% | 8.54% | -10.06% | - |
| Total Current Liabilities | 799.88M | 878.65M | 952.34M | 1B | 978.87M | 984.63M | 950.1M | 962.02M | 791.04M | 860.86M | 823.41M | 814.17M | 840.11M | 744.5M | 691.38M | 956.42M |
| Accounts Payable | 144.52M | 138.19M | 153.16M | 155.87M | 183.72M | 167.98M | 141.46M | 174.88M | 174.49M | 185.46M | 195.37M | 193.12M | 191.21M | 164.62M | 131.81M | 97.39M |
| Days Payables Outstanding | 43.79 | 13.99 | 48.7 | 16.5 | 20.11 | 18.08 | 18.22 | 18.41 | 18.41 | 19.25 | 20.04 | 19.41 | 18.85 | 17.39 | 14.5 | 28.99 |
| Short-Term Debt | 177.04M | 179.66M | 158.81M | 0 | 1.64M | 10.96M | 38.71M | 26.41M | 27.19M | 26.34M | 35.08M | 31.85M | 25.96M | 13.55M | 22.99M | 332.9M |
| Deferred Revenue (Current) | 925.22M | 0 | 374.1M | 380.15M | 394.21M | 398.8M | 381.62M | 369.28M | 342.71M | 378.23M | 388.54M | 382.59M | 376.7M | 359.44M | 329.52M | 136.3M |
| Other Current Liabilities | 156.93M | 560.8M | 182.22M | 211.43M | 110.78M | 98.15M | -96.36M | -78.71M | 145.4M | 157.2M | 122.43M | 110.62M | 124.69M | 105.94M | 98.44M | 109.52M |
| Current Ratio | 0.26x | 0.29x | 0.34x | 0.34x | 0.35x | 0.36x | 0.34x | 0.35x | 0.42x | 0.42x | 0.47x | 0.51x | 0.71x | 0.65x | 0.71x | 0.74x |
| Quick Ratio | 0.19x | 0.29x | 0.26x | 0.28x | 0.27x | 0.28x | 0.28x | 0.26x | 0.33x | 0.36x | 0.40x | 0.42x | 0.62x | 0.54x | 0.59x | 0.67x |
| Cash Conversion Cycle | -20.17 | - | -16.27 | -1.62 | 0.45 | 1.33 | 1.67 | 3.18 | 0.09 | -4.35 | -1.77 | 1.09 | 0.27 | -3.77 | -1.51 | -2.42 |
| Total Non-Current Liabilities | 1.92B | 1.96B | 2.29B | 2.01B | 2.07B | 2.09B | 2.4B | 2.45B | 1.62B | 1.66B | 1.62B | 1.8B | 1.95B | 2.05B | 2.1B | 2.36B |
| Long-Term Debt | 1.04B | 1.83B | 1.03B | 780.72M | 828.51M | 782.11M | 997.77M | 1.02B | 1.07B | 1.09B | 1.05B | 1.29B | 1.29B | 1.41B | 1.47B | 1.78B |
| Capital Lease Obligations | 3.2B | 1.05B | 1.09B | 1.09B | 1.15B | 1.18B | 1.22B | 1.28B | 22.86M | 21.59M | -547K | 0 | 634K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 66.95M | 9.01M | 33.82M | 0 | 0 | 27.3M | 55.2M | 13.78M | 14.79M | 16.93M | 16.71M | 53.55M | 181.13M | 150.58M | 195.87M | 193.26M |
| Other Non-Current Liabilities | 862.82M | -945.4M | 143.28M | 141.67M | 90.53M | 97.94M | 130.15M | 138.06M | 168.67M | 188.85M | 370.16M | 424.79M | 440.23M | 362.84M | 350.01M | 317.43M |
| Total Liabilities | 2.72B | 2.83B | 3.25B | 3.01B | 3.05B | 3.07B | 3.35B | 3.42B | 2.41B | 2.52B | 2.45B | 2.61B | 2.79B | 2.79B | 2.8B | 3.31B |
| Total Debt | 1.22B | 3.07B | 2.27B | 2.03B | 2.16B | 1.97B | 2.45B | 2.5B | 1.09B | 1.12B | 1.09B | 1.32B | 1.32B | 1.42B | 1.49B | 2.11B |
| Net Debt | 1.15B | 3.01B | 2.2B | 1.92B | 2.08B | 1.88B | 2.34B | 2.43B | 1.02B | 989.84M | 962.31M | 1.18B | 1.15B | 1.21B | 1.23B | 1.63B |
| Debt / Equity | 3.06x | 9.10x | 16.31x | 4.93x | 7.89x | 8.85x | 223.31x | 14.10x | 17.13x | 18.52x | 5.24x | 3.02x | 2.34x | 2.91x | 6.79x | 52.34x |
| Debt / EBITDA | 5.43x | 9.01x | 7.21x | 4.49x | 4.74x | 4.18x | 462.70x | 6.45x | 3.16x | 3.30x | 3.39x | 3.13x | 3.44x | 3.64x | 4.44x | 5.75x |
| Net Debt / EBITDA | 5.11x | 8.84x | 6.99x | 4.25x | 4.56x | 3.99x | 441.90x | 6.28x | 2.95x | 2.93x | 2.99x | 2.81x | 3.00x | 3.11x | 3.66x | 4.43x |
| Interest Coverage | 1.06x | 0.71x | 0.06x | 5.42x | 3.39x | 5.33x | -2.72x | 3.88x | 3.23x | 3.68x | 2.15x | 4.04x | 3.01x | 3.22x | 1.85x | 2.57x |
| Total Equity | 398.77M | 337.17M | 139.45M | 412M | 273.91M | 222.85M | 10.96M | 177.48M | 63.9M | 60.36M | 208.01M | 435.47M | 561.55M | 487.04M | 220.21M | 40.3M |
| Equity Growth % | 225.99% | 141.79% | -66.15% | 50.42% | 22.91% | 1933.86% | -93.83% | 177.73% | 5.87% | -70.98% | -52.23% | -22.45% | 15.3% | 121.17% | 446.46% | - |
| Book Value per Share | 4.65 | 3.96 | 1.62 | 4.27 | 2.78 | 2.07 | 0.13 | 1.98 | 0.68 | 0.61 | 1.82 | 3.47 | 4.38 | 3.80 | 1.92 | 0.38 |
| Total Shareholders' Equity | 395.53M | 333.6M | 135.51M | 409.12M | 271.37M | 216.46M | 4.14M | 170.34M | 54.82M | 49.47M | 195.35M | 421.9M | 556.45M | 482.71M | 214.29M | 30.85M |
| Common Stock | 854K | 852K | 849K | 870K | 877K | 893K | 879K | 869K | 913K | 919K | 1.04M | 1.19M | 1.26M | 1.25M | 1.21M | 1.07M |
| Retained Earnings | -861.94M | -917.6M | -925.83M | -528.83M | -706.11M | -698.17M | -918.1M | -755.09M | -920.01M | -944.95M | -786.78M | -518.36M | -474.99M | -565.15M | -773.09M | -822.63M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 13.33M | 9.11M | -212.79M | -178.3M | -185.31M | -205.99M | -211.45M | -169.78M | -142.75M | -99.2M | -111.14M | -147.37M | -60.54M | -26.42M | -14.8M | -22.34M |
| Minority Interest | 3.24M | 3.56M | 3.94M | 2.88M | 2.54M | 6.39M | 6.81M | 7.14M | 9.09M | 10.89M | 12.65M | 13.57M | 5.1M | 4.33M | 5.92M | 9.45M |
High Debt Service Burden
As reported in financial statements, BLMN's debt-to-equity ratio reached a precarious 9.10 in 2025Q4, reflecting a significant reliance on external financing that complicates the company's ability to navigate interest rate fluctuations while maintaining its thin operating margins and overall capital structure integrity.
The dramatic swings in leverage, ranging from 3.06 to 16.31 over the last ten quarters, suggest that management is struggling to maintain a consistent capital structure. This volatility implies that the company may be forced to prioritize debt service over reinvestment, potentially limiting its ability to modernize its restaurant portfolio.
Based on recent SEC filings, BLMN's current ratio has remained consistently low, hovering between 0.26 and 0.44, which indicates a persistent lack of short-term liquidity to cover immediate obligations without relying on revolving credit facilities or rapid cash flow generation from operations.
A current ratio consistently below 0.50 suggests that the company operates with virtually no margin for error regarding working capital management. Investors should monitor whether this structural tightness forces the company to defer essential maintenance or marketing spend during periods of seasonal revenue weakness.
According to the company's balance sheet data, retained earnings have remained deeply negative, reaching -$861.9M in 2026Q1, which highlights a long-term trend of capital erosion that significantly limits the company's book value and overall financial resilience against potential operational downturns.
The persistent deficit in retained earnings suggests that historical losses and capital allocation decisions have severely impaired the equity base. This trend warrants further investigation into whether the company's current strategy can generate sufficient returns to eventually reverse this negative trajectory or if it will continue to rely on debt to fund operations.
As indicated by the provided financial data, the sudden disappearance of net PPE from $1.9B in 2026Q1 to $0 in 2025Q4 suggests potential accounting distortions or significant shifts in asset classification that make headline balance sheet figures difficult to interpret for long-term valuation purposes.
The extreme variance in reported PPE values suggests that the company's asset base may be subject to significant impairment risks or non-standard accounting treatments. Analysts should be cautious, as these fluctuations may obscure the true underlying value of the company's physical restaurant footprint and its ability to generate future cash flows.
Quick answers to the most common questions about buying BLMN stock.
As of 2025, Bloomin' Brands, Inc. (BLMN) had total assets of $3.17B including $252.5M in current assets.
Bloomin' Brands, Inc. (BLMN) carries total debt of $3.07B, offset by $59.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Bloomin' Brands, Inc. (BLMN) has total shareholders' equity (book value) of $333.6M ($3.96 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Bloomin' Brands, Inc. (BLMN) reported a current ratio of 0.29x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.