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BLMNBloomin' Brands, Inc.
$8.55$732M
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  4. Financial Ratios

Bloomin' Brands, Inc. (BLMN) Financial Ratios

Latest Ratios: P/E Ratio 135.5x · EV/EBITDA 7.9x · ROE 2.3%. (2011–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

BLMN Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Market Cap$732M$579M$1.1B$2.7B$2.1B$2.3B$1.7B$2.0B$1.7B$2.1B$2.1B
Enterprise Value$2.7B$2.5B$3.3B$4.6B$4.1B$4.1B$4.0B$4.4B$2.7B$3.1B$3.0B
P/E Ratio →135.50107.61—11.0020.3510.47—15.2215.6920.9253.03
P/S Ratio0.180.150.270.650.520.550.520.480.410.510.48
P/B Ratio2.161.727.566.597.5410.13151.2711.1626.3435.259.91
P/FCF7.565.98142.5410.8512.068.0832.5012.7321.0814.3425.76
P/OCF2.652.094.625.105.285.6111.946.245.845.206.05

P/E links to full P/E history page with 30-year chart

BLMN EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
EV / Revenue—0.640.821.111.031.011.261.070.660.740.71
EV / EBITDA7.927.4710.3310.259.088.77755.3511.397.809.219.41
EV / EBIT16.5778.36860.7316.3622.9213.50—23.1318.6320.4430.74
EV / FCF—26.25440.6718.5324.1914.8278.3128.3733.8921.0137.79

BLMN Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Gross Margin8.9%8.9%70.9%17.3%16.8%17.7%10.6%16.2%16.2%16.6%16.3%
Operating Margin4.1%4.1%3.5%6.8%7.6%7.5%-5.5%4.6%3.5%3.5%3.0%
Net Profit Margin0.1%0.1%-3.2%5.9%2.5%5.2%-5.0%3.2%2.6%2.4%1.0%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
ROE2.3%2.3%-46.4%72.1%41.0%184.4%-168.5%108.2%172.4%74.7%13.0%
ROA0.2%0.2%-3.8%7.3%3.1%6.5%-4.6%4.3%4.3%3.8%1.5%
ROIC5.3%5.3%4.5%9.1%10.3%10.4%-5.3%7.7%10.2%9.9%6.9%
ROCE6.9%6.9%5.8%11.9%13.2%13.1%-6.9%8.9%8.6%8.3%6.3%

BLMN Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Debt / Equity6.006.0016.314.937.898.85223.3114.1017.1318.525.24
Debt / EBITDA5.945.947.214.494.744.18462.706.453.163.303.39
Net Debt / Equity—5.8215.814.667.588.46213.2713.7216.0116.404.63
Net Debt / EBITDA5.775.776.994.254.563.99441.906.282.952.932.99
Debt / FCF—20.27298.137.6812.136.7445.8115.6412.816.6712.03
Interest Coverage0.710.710.065.433.395.33-2.723.883.233.682.15

BLMN Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Current Ratio0.290.290.340.340.350.360.340.350.420.420.47
Quick Ratio0.220.220.260.280.270.280.280.260.330.360.40
Cash Ratio0.070.070.070.110.090.090.120.070.090.150.15
Asset Turnover—1.251.171.221.211.250.941.151.671.641.61
Inventory Turnover58.6258.6216.7154.7942.6842.8645.7739.9247.5268.5854.55
Days Sales Outstanding—9.4310.598.2212.0110.9011.9112.4410.819.5911.58

BLMN Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Dividend Yield5.3%6.6%7.8%3.1%2.4%—1.1%1.8%2.0%1.5%1.5%
Payout Ratio711.3%711.3%—33.9%48.8%——27.4%31.1%30.9%75.2%

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Earnings Yield0.7%0.9%—9.1%4.9%9.5%—6.6%6.4%4.8%1.9%
FCF Yield13.2%16.7%0.7%9.2%8.3%12.4%3.1%7.9%4.7%7.0%3.9%
Buyback Yield0.0%0.0%25.4%2.6%5.3%0.0%0.1%5.4%6.8%12.8%15.1%
Total Shareholder Yield5.3%6.6%33.2%5.7%7.7%0.0%1.1%7.2%8.8%14.3%16.6%
Shares Outstanding—$85M$86M$96M$99M$108M$87M$90M$94M$100M$114M

Key Metrics

Growth RegimeDecelerating
ProfitabilityStrained
Balance SheetStrained
Cash FlowMixed
Top Statement Risk

High leverage and thin margins

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q2)

Margin Volatility Masks Underlying Strain

Gross margin swung from 70.2% in 2025Q4 to 14.0% in 2026Q2, as reported in financial statements, while operating margin remains thin at 3.8%, indicating classification shifts and persistent cost pressures.

The dramatic gross margin oscillation likely reflects accounting reclassifications rather than true cost changes, but the consistently low operating margin (averaging around 4% in recent quarters) suggests limited pricing power and high fixed costs. Net margin of 3.1% in 2026Q2 is an improvement from negative quarters, yet it remains far below peers like Darden's 9.1%, indicating structural profitability challenges. Investors should monitor whether margin recovery is sustainable or merely a result of one-time adjustments.

Leverage Easing but Debt Service Still Heavy

Debt-to-equity improved from 16.31 in 2024Q4 to 4.40 in 2026Q2, as per SEC filings, but interest coverage of 3.43x remains thin relative to operating margin, leaving little room for rate shocks.

The deleveraging trend is positive, but the absolute debt load of $1.9B against equity of $431.8M keeps the balance sheet strained. Interest coverage of 3.43x in 2026Q2 is below the 5.0x seen in 2025Q1, indicating that rising rates or margin compression could quickly erode the cushion. The D/EBITDA of 22.7x is elevated, though this may be distorted by lease capitalization under ASC 842, warranting a closer look at lease-adjusted leverage.

Liquidity Cushion Dangerously Thin

Current ratio stands at 0.25 with quick ratio at 0.18, as reported in recent filings, indicating minimal short-term liquidity buffer against operational disruptions or unexpected cash needs.

With cash of only $66.6M and current liabilities far exceeding current assets, the company appears vulnerable to a sudden downturn or a need for emergency capital. The negative working capital is common in restaurants due to high payable turnover, but the extreme low current ratio suggests reliance on ongoing cash generation and access to credit. This thin liquidity position amplifies the risk of any operational misstep, especially given the volatile FCF margins.

Working Capital Efficiency Shows Mixed Signals

Cash conversion cycle turned negative at -6 days in 2026Q2, as per financial statements, reflecting favorable payment terms, but asset turnover of 0.33x remains low, indicating inefficient use of assets.

The negative CCC suggests the company is effectively using supplier financing, with DPO of 16 days exceeding DSO and DIO combined. However, asset turnover of 0.33x is below peers like Darden (which typically exceeds 0.8x), implying that BLMN's asset base, including significant lease assets, is not generating sufficient revenue. This inefficiency may be a result of underperforming units or a portfolio of brands that require more capital per dollar of sales.

Returns on Capital Remain Subpar

ROIC of 1.2% in 2026Q2, as reported in financial statements, is far below the cost of capital and peer averages, indicating that the company is not generating adequate returns on its invested capital.

Over the past ten quarters, ROIC has rarely exceeded 2%, with negative readings in several quarters, reflecting a business that is barely covering its capital costs. This is in stark contrast to peers like Darden and Texas Roadhouse, which post ROICs above 14%. The low returns appear driven by thin margins and a heavy asset base, suggesting that management's capital allocation has not created shareholder value. Improvement would require either margin expansion or asset rationalization.

Misapplied Metric: Debt-to-Equity

The commonly cited debt-to-equity ratio of 4.40, as per recent filings, may overstate financial risk because it includes capitalized operating leases under ASC 842, which are not traditional debt.

For restaurant companies, lease obligations are integral to operations, but treating them as debt can distort leverage comparisons. A more appropriate measure would be lease-adjusted leverage, such as debt-to-EBITDA excluding lease liabilities, or using a multiple of rent expense. Additionally, the market may be undervaluing BLMN's sum-of-the-parts, particularly the high-growth Brazilian operations, which are obscured by consolidated financials. Investors should focus on unlevered free cash flow and segment-level returns to assess true earning power.

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Includes 30+ ratios · 15 years · Updated daily

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BLMN — Frequently Asked Questions

Quick answers to the most common questions about buying BLMN stock.

What is Bloomin' Brands, Inc.'s P/E ratio?

Bloomin' Brands, Inc.'s current P/E ratio is 135.5x. The historical average is 29.7x. This places it at the 100th percentile of its historical range.

What is Bloomin' Brands, Inc.'s EV/EBITDA?

Bloomin' Brands, Inc.'s current EV/EBITDA is 7.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.5x.

What is Bloomin' Brands, Inc.'s ROE?

Bloomin' Brands, Inc.'s return on equity (ROE) is 2.3%. The historical average is 56.1%.

Is BLMN stock overvalued?

Based on historical data, Bloomin' Brands, Inc. is trading at a P/E of 135.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What is Bloomin' Brands, Inc.'s dividend yield?

Bloomin' Brands, Inc.'s current dividend yield is 5.25% with a payout ratio of 711.3%.

What are Bloomin' Brands, Inc.'s profit margins?

Bloomin' Brands, Inc. has 8.9% gross margin and 4.1% operating margin.

How much debt does Bloomin' Brands, Inc. have?

Bloomin' Brands, Inc.'s Debt/EBITDA ratio is 5.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.