Brinker International, Inc. (EAT) 10-Year Financial Performance & Capital Metrics

EAT • • Industrial / General

Consumer CyclicalRestaurantsCasual DiningFamily & Diner Casual

AboutBrinker International, Inc., together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. The company operates in two segments, Chili's and Maggiano's. As of June 30, 2021, it owned, operated, or franchised 1,648 restaurants comprising 1,594 restaurants under the Chili's Grill & Bar name and 54 restaurants under the Maggiano's Little Italy brand name. The company was founded in 1975 and is headquartered in Dallas, Texas.Show more

Revenue $5.38B +21.9%
EBITDA $719M +79.5%
Net Income $383M +146.7%
EPS (Diluted) 8.32 +144.7%
Gross Margin 18.25% +28.4%
EBITDA Margin 13.35% +47.2%
Operating Margin 9.51% +82.9%
Net Margin 7.12% +102.3%
ROE 186.74% -52.6%
ROIC 19.11% +120.5%
Debt/Equity 4.57 -91.0%
Interest Coverage 9.64 +173.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 290.5%
✓Strong 5Y profit CAGR of 73.5%
✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 80 (top 20%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 11.8%

✗Weaknesses

✗High debt to equity ratio of 4.6x
✗Expensive at 20.7x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.01%

5Y11.83%

3Y12.28%

TTM23.18%

Profit (Net Income) CAGR

10Y6.89%

5Y73.45%

3Y48.24%

TTM138%

EPS CAGR

10Y10.56%

5Y67.55%

3Y47.74%

TTM135.12%

ROCE

10Y Avg12.53%

5Y Avg12.98%

3Y Avg14.98%

Latest25.77%

Peer Comparison

Family & Diner Casual

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BJRIBJ's Restaurants, Inc.	956.77M	45.27	64.67	1.81%	1.99%	7.12%	2.57%	1.35
FWRGFirst Watch Restaurant Group, Inc.	992.38M	16.26	54.20	13.95%	0.24%	0.44%		1.36
DRIDarden Restaurants, Inc.	23.78B	206.55	23.31	6.03%	8.9%	49.43%	4.35%	2.70
EATBrinker International, Inc.	7.39B	166.27	19.98	21.95%	7.94%	129.14%	5.6%	4.57
CAKEThe Cheesecake Factory Incorporated	2.98B	59.75	18.67	4.13%	4.33%	39.63%	3.63%	4.30
CBRLCracker Barrel Old Country Store, Inc.	715.84M	32.06	15.56	0.37%	1.33%	10.05%	8.42%	2.44
DENNDenny's Corporation	321.87M	6.25	15.24	-2.5%	3.53%		0.29%
BDLFlanigan's Enterprises, Inc.	59.01M	31.75	11.72	8.99%	2.45%	6.36%	7.93%	0.60

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	3.26B	3.15B	3.14B	3.22B	3.08B	3.34B	3.8B	4.13B	4.42B	5.38B
Revenue Growth %	0.09%	-0.03%	-0%	0.03%	-0.04%	0.08%	0.14%	0.09%	0.07%	0.22%
Cost of Goods Sold+	2.64B	2.58B	2.59B	2.69B	2.67B	2.83B	3.3B	3.63B	3.79B	4.4B
COGS % of Revenue	0.81%	0.82%	0.83%	0.84%	0.87%	0.85%	0.87%	0.88%	0.86%	0.82%
Gross Profit+	618.62M	568.1M	548M	522.9M	408.6M	503.3M	499.2M	500.1M	627.3M	982.4M
Gross Margin %	0.19%	0.18%	0.17%	0.16%	0.13%	0.15%	0.13%	0.12%	0.14%	0.18%
Gross Profit Growth %	0.04%	-0.08%	-0.04%	-0.05%	-0.22%	0.23%	-0.01%	0%	0.25%	0.57%
Operating Expenses+	301.14M	824.3M	321.9M	292.2M	346M	304M	339.7M	355.7M	397.7M	470.4M
OpEx % of Revenue	0.09%	0.26%	0.1%	0.09%	0.11%	0.09%	0.09%	0.09%	0.09%	0.09%
Selling, General & Admin	127.59M	132.82M	136.01M	149.1M	136.3M	134.8M	144.1M	154.5M	183.7M	222M
SG&A % of Revenue	0.04%	0.04%	0.04%	0.05%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	173.55M	691.5M	185.9M	143.1M	209.7M	169.2M	195.6M	201.2M	214M	248.4M
Operating Income+	317.48M	-256.2M	226.1M	230.7M	62.6M	199.3M	159.5M	144.4M	229.6M	512M
Operating Margin %	0.1%	-0.08%	0.07%	0.07%	0.02%	0.06%	0.04%	0.03%	0.05%	0.1%
Operating Income Growth %	0.02%	-1.81%	1.88%	0.02%	-0.73%	2.18%	-0.2%	-0.09%	0.59%	1.23%
EBITDA+	473.84M	-99.79M	377.49M	378.3M	224.9M	349.5M	323.9M	312.9M	400.4M	718.6M
EBITDA Margin %	0.15%	-0.03%	0.12%	0.12%	0.07%	0.1%	0.09%	0.08%	0.09%	0.13%
EBITDA Growth %	0.04%	-1.21%	4.78%	0%	-0.41%	0.55%	-0.07%	-0.03%	0.28%	0.79%
D&A (Non-Cash Add-back)	156.37M	156.41M	151.39M	147.6M	162.3M	150.2M	164.4M	168.5M	170.8M	206.6M
EBIT	318.96M	258.1M	229.2M	233.4M	64.5M	201.4M	161.3M	145.7M	229.9M	513.1M
Net Interest Income+	-32.57M	-49.6M	-59M	-61.6M	-59.6M	-56.2M	-46.1M	-54.9M	-65M	-53.1M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	32.57M	49.55M	58.99M	61.6M	59.6M	56.2M	46.1M	54.9M	65M	53.1M
Other Income/Expense	-31.09M	464.7M	-55.9M	-58.9M	-57.7M	-54.1M	-44.3M	-53.6M	-64.7M	-52M
Pretax Income+	286.39M	208.5M	170.2M	171.8M	4.9M	145.2M	115.2M	90.8M	164.9M	460M
Pretax Margin %	0.09%	0.07%	0.05%	0.05%	0%	0.04%	0.03%	0.02%	0.04%	0.09%
Income Tax+	85.64M	57.69M	44.34M	16.9M	-19.5M	13.6M	-2.4M	-11.8M	9.6M	76.9M
Effective Tax Rate %	0.7%	0.72%	0.74%	0.9%	4.98%	0.91%	1.02%	1.13%	0.94%	0.83%
Net Income+	200.75M	150.82M	125.88M	154.9M	24.4M	131.6M	117.6M	102.6M	155.3M	383.1M
Net Margin %	0.06%	0.05%	0.04%	0.05%	0.01%	0.04%	0.03%	0.02%	0.04%	0.07%
Net Income Growth %	0.02%	-0.25%	-0.17%	0.23%	-0.84%	4.39%	-0.11%	-0.13%	0.51%	1.47%
Net Income (Continuing)	200.62M	150.82M	125.88M	154.9M	24.4M	131.6M	117.6M	102.6M	155.3M	383.1M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	3.42	2.94	2.72	3.96	0.63	2.82	2.58	2.28	3.40	8.32
EPS Growth %	0.12%	-0.14%	-0.07%	0.46%	-0.84%	3.48%	-0.09%	-0.12%	0.49%	1.45%
EPS (Basic)	3.47	2.98	2.75	4.04	0.64	2.89	2.63	2.33	3.50	8.59
Diluted Shares Outstanding	58.68M	51.25M	46.3M	39.1M	38.9M	46.6M	45.6M	45M	45.7M	46.1M
Basic Shares Outstanding	57.9M	50.64M	45.7M	38.3M	38.2M	45.5M	44.8M	44.1M	44.4M	44.6M
Dividend Payout Ratio	0.37%	0.47%	0.56%	0.39%	2.35%	0.01%	0.01%	0.01%	0%	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	178.44M	144.32M	156.3M	177M	224.4M	207.2M	201.2M	183.3M	234.1M	207M
Cash & Short-Term Investments	31.45M	9.06M	10.9M	13.4M	43.9M	23.9M	13.5M	15.1M	64.6M	18.9M
Cash Only	31.45M	9.06M	10.87M	13.4M	43.9M	23.9M	13.5M	15.1M	64.6M	18.9M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	45.61M	44.66M	53.7M	69.6M	87.7M	88.2M	70.9M	60.9M	60.6M	73.4M
Days Sales Outstanding	5.11	5.17	6.25	7.89	10.4	9.64	6.8	5.38	5.01	4.98
Inventory	70.56M	71.38M	70.9M	70.3M	78.9M	81.5M	91.1M	90.1M	88.3M	90.1M
Days Inventory Outstanding	9.76	10.09	10	9.52	10.79	10.49	10.06	9.05	8.51	7.47
Other Current Assets	0	0	0	0	0	0	0	0	0	0
Total Non-Current Assets+	1.28B	1.26B	1.19B	1.08B	2.13B	2.07B	2.28B	2.3B	2.36B	2.47B
Property, Plant & Equipment	1.04B	1B	938.9M	755.1M	1.86B	1.78B	1.98B	1.94B	1.97B	2.1B
Fixed Asset Turnover	3.12x	3.15x	3.34x	4.26x	1.66x	1.87x	1.92x	2.13x	2.24x	2.56x
Goodwill	164.01M	163.95M	163.8M	165.5M	187.6M	188.2M	195.1M	195M	194.8M	194.7M
Intangible Assets	30.23M	27.51M	24M	22.3M	23M	21.1M	27.4M	23.9M	19.9M	17.4M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	28.3M	30.2M	30.7M	26.4M	22.9M	25.3M	21M	48.2M	55.5M	56.3M
Total Assets+	1.46B	1.4B	1.35B	1.26B	2.36B	2.27B	2.48B	2.49B	2.59B	2.68B
Asset Turnover	2.23x	2.24x	2.33x	2.56x	1.31x	1.47x	1.53x	1.66x	1.70x	2.01x
Asset Growth %	0.02%	-0.04%	-0.04%	-0.07%	0.87%	-0.03%	0.09%	0%	0.04%	0.03%
Total Current Liabilities+	435.65M	436.36M	434.3M	421.6M	497.9M	571.6M	558M	535.9M	622.3M	675.6M
Accounts Payable	95.41M	104.23M	104.7M	97.5M	104.9M	127.7M	134.3M	125.7M	160.6M	168.5M
Days Payables Outstanding	13.2	14.73	14.77	13.21	14.34	16.44	14.83	12.63	15.48	13.97
Short-Term Debt	3.56M	9.65M	7.1M	9.7M	0	0	0	0	0	132.2M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	15.5M	-8.3M	0	0	0	0	0	155M
Current Ratio	0.41x	0.33x	0.36x	0.42x	0.45x	0.36x	0.36x	0.34x	0.38x	0.31x
Quick Ratio	0.25x	0.17x	0.20x	0.25x	0.29x	0.22x	0.20x	0.17x	0.23x	0.17x
Cash Conversion Cycle	1.67	0.53	1.48	4.21	6.84	3.7	2.03	1.8	-1.96	-1.53
Total Non-Current Liabilities+	1.25B	1.46B	1.63B	1.61B	2.34B	2.01B	2.19B	2.1B	1.93B	1.63B
Long-Term Debt	1.11B	1.32B	1.5B	1.21B	1.21B	917.9M	989.1M	912.2M	695M	346M
Capital Lease Obligations	0	0	0	2.8M	1.06B	1.01B	1.15B	1.13B	1.18B	1.22B
Deferred Tax Liabilities	0	0	0	0	12.9M	27.2M	0	0	0	0
Other Non-Current Liabilities	137.68M	141.12M	131.7M	150.2M	54.2M	54.8M	54.3M	57.4M	60.6M	70.8M
Total Liabilities	1.68B	1.9B	2.07B	2.04B	2.84B	2.58B	2.75B	2.63B	2.55B	2.31B
Total Debt+	1.11B	1.33B	1.51B	1.23B	2.4B	2.04B	2.27B	2.16B	2B	1.69B
Net Debt	1.08B	1.32B	1.5B	1.22B	2.36B	2.02B	2.26B	2.15B	1.93B	1.67B
Debt / Equity	-	-	-	-	-	-	-	-	50.74x	4.57x
Debt / EBITDA	2.35x	-	3.99x	3.25x	10.67x	5.85x	7.02x	6.91x	4.99x	2.36x
Net Debt / EBITDA	2.29x	-	3.96x	3.21x	10.47x	5.78x	6.98x	6.86x	4.83x	2.33x
Interest Coverage	9.75x	-5.17x	3.83x	3.75x	1.05x	3.55x	3.46x	2.63x	3.53x	9.64x
Total Equity+	-225.58M	-493.68M	-718.3M	-778.2M	-479.1M	-303.3M	-268.1M	-144.3M	39.4M	370.9M
Equity Growth %	-1.88%	-1.19%	-0.45%	-0.08%	0.38%	0.37%	0.12%	0.46%	1.27%	8.41%
Book Value per Share	-3.84	-9.63	-15.51	-19.90	-12.32	-6.51	-5.88	-3.21	0.86	8.05
Total Shareholders' Equity	-225.58M	-493.68M	-718.3M	-778.2M	-479.1M	-303.3M	-268.1M	-144.3M	39.4M	370.9M
Common Stock	17.63M	17.63M	17.6M	17.6M	7M	7M	7M	6M	6M	6M
Retained Earnings	2.55B	2.63B	2.68B	2.77B	-397.5M	-266.1M	-148.4M	-351.9M	-196.6M	186.5M
Treasury Stock	-3.27B	-3.63B	-3.92B	-4.08B	-751.8M	-724.9M	-812.3M	-482.4M	-471.5M	-529.7M
Accumulated OCI	-11.59M	-11.92M	-5.8M	-5.6M	-6.2M	-4.7M	-5.3M	-6M	-6.3M	-6.4M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	394.7M	312.89M	284.45M	212.7M	245M	369.7M	252.2M	256.3M	421.9M	679M
Operating CF Margin %	0.12%	0.1%	0.09%	0.07%	0.08%	0.11%	0.07%	0.06%	0.1%	0.13%
Operating CF Growth %	0.07%	-0.21%	-0.09%	-0.25%	0.15%	0.51%	-0.32%	0.02%	0.65%	0.61%
Net Income	200.75M	150.82M	125.88M	154.9M	24.4M	131.6M	117.6M	102.6M	155.3M	383.1M
Depreciation & Amortization	156.37M	156.41M	151.39M	147.6M	162.3M	150.2M	164.4M	168.5M	170.8M	206.6M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	23.9M	-22.7M	3.42M	-75.8M	8.6M	-12.5M	-11.7M	-30.9M	-20.6M	12.6M
Other Non-Cash Items	34.04M	31.61M	40.95M	12.8M	47.7M	31.7M	45.3M	42.9M	60.9M	71.4M
Working Capital Changes	-20.23M	-1.03M	-37.19M	-26.8M	2M	68.7M	-63.4M	-26.8M	55.5M	5.3M
Change in Receivables	-3.68M	3.49M	-3.28M	-3M	4.1M	-9.9M	3.4M	700K	-600K	-12.9M
Change in Inventory	-1.64M	-1.56M	-1.22M	400K	-4M	-3.2M	-7.1M	-1.1M	-1.5M	-3.5M
Change in Payables	-5.78M	2.98M	1.57M	-4.1M	9.8M	21.1M	200K	-5.8M	30.8M	-7.6M
Cash from Investing+	-214.11M	-99.42M	-77.79M	321.3M	-194M	-90.9M	-234.2M	-174.2M	-192.2M	-263.4M
Capital Expenditures	-112.79M	-102.57M	-101.28M	-167.6M	-104.5M	-94M	-150.3M	-184.9M	-198.9M	-265.3M
CapEx % of Revenue	0.03%	0.03%	0.03%	0.05%	0.03%	0.03%	0.04%	0.04%	0.05%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	3.61M	490.4M	3.9M	1.5M	22.6M	5.2M	2M	900K
Cash from Financing+	-204.27M	-235.85M	-204.85M	-531.5M	-20.5M	-298.8M	-28.4M	-80.5M	-180.2M	-461.3M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-74.07M	-70.77M	-70.01M	-60.3M	-57.4M	-1.5M	-1.1M	-600K	-200K	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	5.46M	0	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	281.91M	212.54M	183.17M	45.1M	140.5M	275.7M	101.9M	71.4M	223M	413.7M
FCF Margin %	0.09%	0.07%	0.06%	0.01%	0.05%	0.08%	0.03%	0.02%	0.05%	0.08%
FCF Growth %	0.23%	-0.25%	-0.14%	-0.75%	2.12%	0.96%	-0.63%	-0.3%	2.12%	0.86%
FCF per Share	4.80	4.15	3.96	1.15	3.61	5.92	2.23	1.59	4.88	8.97
FCF Conversion (FCF/Net Income)	1.97x	2.07x	2.26x	1.37x	10.04x	2.81x	2.14x	2.50x	2.72x	1.77x
Interest Paid	28.99M	39.77M	0	0	0	0	41M	51M	50.3M	55.1M
Taxes Paid	45.74M	89.03M	0	0	0	0	4.7M	12.4M	26.1M	64.3M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-	-	-	-	-	-	-	394.16%	186.74%
Return on Invested Capital (ROIC)	28.05%	-22.82%	21.14%	28.49%	4.06%	8.32%	6.45%	5.42%	8.66%	19.11%
Gross Margin	18.99%	18.03%	17.48%	16.25%	13.27%	15.08%	13.12%	12.1%	14.21%	18.25%
Net Margin	6.16%	4.79%	4.01%	4.81%	0.79%	3.94%	3.09%	2.48%	3.52%	7.12%
Debt / Equity	-	-	-	-	-	-	-	-	50.74x	4.57x
Interest Coverage	9.75x	-5.17x	3.83x	3.75x	1.05x	3.55x	3.46x	2.63x	3.53x	9.64x
FCF Conversion	1.97x	2.07x	2.26x	1.37x	10.04x	2.81x	2.14x	2.50x	2.72x	1.77x
Revenue Growth	8.5%	-3.28%	-0.49%	2.63%	-4.33%	8.42%	13.97%	8.65%	6.82%	21.95%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Chili's Restaurants	2.82B	2.72B	2.7B	-	-	-	-	-	-	4.88B
Chili's Restaurants Growth	-	-3.66%	-0.73%	-	-	-	-	-	-	-
Maggiano's Restaurants	434.1M	430.84M	435.24M	-	-	-	-	-	-	501.3M
Maggiano's Restaurants Growth	-	-0.75%	1.02%	-	-	-	-	-	-	-
Company sales	-	-	-	3.11B	3B	3.28B	3.71B	4.09B	4.37B	-
Company sales Growth	-	-	-	-	-3.26%	9.12%	13.21%	10.27%	6.79%	-
Franchise revenues	-	-	-	170.3M	113.3M	87.1M	149.6M	40M	44M	-
Franchise revenues Growth	-	-	-	-	-33.47%	-23.12%	71.76%	-73.26%	10.00%	-

Frequently Asked Questions

Valuation & Price

Brinker International, Inc. (EAT) has a price-to-earnings (P/E) ratio of 20.0x. This is roughly in line with market averages.

Growth & Financials

Brinker International, Inc. (EAT) reported $5.59B in revenue for fiscal year 2025. This represents a 98% increase from $2.82B in 2012.

Brinker International, Inc. (EAT) grew revenue by 21.9% over the past year. This is strong growth.

Yes, Brinker International, Inc. (EAT) is profitable, generating $444.1M in net income for fiscal year 2025 (7.1% net margin).

Dividend & Returns

Brinker International, Inc. (EAT) has a return on equity (ROE) of 186.7%. This is excellent, indicating efficient use of shareholder capital.

Brinker International, Inc. (EAT) generated $469.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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