financial statements

The full income statement, balance sheet, and cash-flow statement for Darden Restaurants Inc. (DRI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Income Statement	as ofMay 25 ’25	as ofMay 26 ’24	as ofMay 28 ’23	as ofMay 29 ’22	as ofMay 30 ’21	as ofMay 31 ’20
Revenue	12.1B YoY+6.0%	11.4B YoY+8.6%	10.5B YoY+8.9%	9.63B YoY+33.8%	7.20B YoY-7.8%	7.81B YoY-8.3%
Gross profit	2.47B YoY+8.0%	2.29B YoY+15.0%	1.99B YoY+4.7%	1.90B YoY+35.6%	1.40B YoY+19.8%	1.17B YoY-26.6%
Selling, general & administrative	520M YoY+8.6%	479M YoY+24.1%	386M YoY+3.5%	373M YoY-5.8%	396M YoY+5.3%	376M YoY-7.2%
General & administrative	520M YoY+8.6%	479M YoY+24.1%	386M YoY+3.5%	373M YoY-5.8%	396M YoY+5.3%	376M YoY-7.2%
Selling & marketing	170M YoY+17.6%	145M YoY+22.1%	118M YoY+26.9%	93.2M YoY+2.3%	91.1M YoY-61.7%	238M YoY-6.8%
Operating income	1.36B YoY+3.7%	1.31B YoY+9.4%	1.20B YoY+3.4%	1.16B YoY+79.2%	649M YoY+1254.3%	47.9M YoY-94.2%
Interest expense	116M YoY+24.0%	93.5M YoY+86.3%	50.2M YoY+22.7%	40.9M YoY-13.9%	47.5M YoY-3.7%	49.3M YoY+11.3%
Other non-operating income	—	—	0.00	0.00 YoY+100.0%	-8.70M YoY+94.3%	-152M
Pre-tax income	1.19B YoY+1.0%	1.18B YoY+4.9%	1.12B YoY+2.5%	1.09B YoY+89.7%	577M YoY+458.1%	-161M YoY-120.6%
Income tax	136M YoY-6.1%	145M YoY+5.8%	137M YoY-1.3%	139M YoY+348.3%	-55.9M YoY+50.0%	-112M YoY-275.5%
	1.05B YoY+2.1%	1.03B YoY+4.7%	982M YoY+3.1%	953M YoY+51.4%	629M YoY+1301.0%	-52.4M YoY-107.3%
Income from continuing operations	1.05B YoY+2.0%	1.03B YoY+4.8%	984M YoY+3.0%	955M YoY+51.0%	632M YoY+1385.4%	-49.2M YoY-106.8%
Discontinued operations	-1.40M YoY+51.7%	-2.90M YoY-81.3%	-1.60M YoY+15.8%	-1.90M YoY+38.7%	-3.10M YoY+3.1%	-3.20M YoY+38.5%
	$8.86 YoY+4.1%	$8.51 YoY+6.5%	$7.99 YoY+8.1%	$7.39 YoY+54.9%	$4.77 YoY+1209.3%	-$0.43 YoY-107.6%
EPS (basic)	$8.93 YoY+4.2%	$8.57 YoY+6.3%	$8.06 YoY+8.0%	$7.46 YoY+54.5%	$4.83 YoY+1223.3%	-$0.43 YoY-107.4%
Weighted-avg shares (basic)	118M YoY-2.0%	120M YoY-1.6%	122M YoY-4.6%	128M YoY-2.0%	130M YoY+6.3%	123M YoY-0.6%
Weighted-avg shares (diluted)	118M YoY-2.0%	121M YoY-1.7%	123M YoY-4.7%	129M YoY-2.1%	132M YoY+7.4%	123M YoY-2.2%
Dividends per share	$5.60 YoY+6.9%	$5.24 YoY+8.3%	$4.84 YoY+10.0%	$4.40 YoY+183.9%	$1.55 YoY-41.3%	$2.64 YoY-12.0%
Balance Sheet	as ofMay 25 ’25	as ofMay 26 ’24	as ofMay 28 ’23	as ofMay 29 ’22	as ofMay 30 ’21	as ofMay 31 ’20
	938M YoY+14.0%	823M YoY-17.5%	998M YoY-15.4%	1.18B YoY-37.0%	1.87B YoY+69.9%	1.10B YoY+23.4%
Cash & equivalents	240M YoY+23.2%	195M YoY-47.0%	368M YoY-12.6%	421M YoY-65.4%	1.21B YoY+59.1%	763M YoY+66.9%
Accounts receivable	93.8M YoY+18.6%	79.1M YoY-1.4%	80.2M YoY+11.4%	72.0M YoY+5.6%	68.2M YoY+36.9%	49.8M YoY-43.6%
Inventory	312M YoY+7.3%	291M YoY+0.9%	288M YoY+6.4%	271M YoY+41.8%	191M YoY-7.8%	207M YoY-0.2%
Prepaid expenses	157M YoY+14.6%	137M YoY-11.5%	155M YoY+9.3%	141M YoY+134.9%	60.2M YoY-4.4%	63.0M YoY-35.8%
	12.6B YoY+11.2%	11.3B YoY+10.6%	10.2B YoY+1.0%	10.1B YoY-4.9%	10.7B YoY+7.1%	9.95B YoY+68.8%
Property, plant & equipment	2.81B YoY+0.0%	2.81B YoY+0.0%	2.81B YoY+0.0%	2.81B YoY+0.0%	2.81B YoY+2.0%	2.76B YoY+8.0%
Operating lease right-of-use	3.56B YoY+3.7%	3.43B YoY+1.6%	3.37B YoY-2.6%	3.47B YoY-8.2%	3.78B YoY-4.9%	3.97B
Goodwill	1.66B YoY+19.3%	1.39B YoY+34.1%	1.04B YoY+0.0%	1.04B YoY+0.0%	1.04B YoY+0.0%	1.04B YoY-12.4%
Intangible assets	14.3M YoY-11.7%	16.2M YoY+43.4%	11.3M YoY-15.0%	13.3M YoY-13.1%	15.3M YoY-12.1%	17.4M YoY-65.1%
Long-term investments	22.3M YoY+0.0%	22.3M YoY+0.0%	22.3M YoY+0.0%	22.3M YoY+0.0%	22.3M YoY+0.0%	22.3M YoY+0.0%
Other non-current assets	372M YoY+6.9%	348M YoY+15.4%	301M YoY+3.3%	292M YoY-1.4%	296M YoY+7.4%	275M YoY-12.1%
	2.25B YoY+2.5%	2.19B YoY+13.2%	1.94B YoY+4.9%	1.85B YoY-0.0%	1.85B YoY+3.1%	1.79B YoY+21.6%
Accounts payable	440M YoY+10.0%	400M YoY-6.3%	426M YoY+16.2%	367M YoY+20.5%	305M YoY+22.1%	249M YoY-25.0%
Deferred revenue	458M YoY+0.0%	458M YoY+0.0%	458M YoY+0.0%	458M YoY-3.5%	474M YoY+1.3%	468M YoY+9.2%
Short-term & current debt	0.00 YoY-100.0%	86.8M	0.00	0.00	0.00 YoY-100.0%	270M
Current lease liability	220M YoY+10.7%	199M YoY+8.9%	183M YoY-1.8%	186M YoY+5.1%	177M YoY+10.1%	161M
Other current liabilities	913M YoY+7.8%	847M YoY+12.6%	753M YoY+6.8%	705M YoY-11.5%	796M YoY+31.3%	606M YoY+28.4%
	10.3B YoY+13.2%	9.08B YoY+12.9%	8.04B YoY+1.3%	7.94B YoY+1.2%	7.84B YoY+3.0%	7.61B YoY+117.6%
Long-term debt	2.13B YoY+55.3%	1.37B YoY+54.9%	885M YoY-1.8%	901M YoY-3.1%	930M YoY+0.1%	929M YoY+0.1%
Deferred revenue (non-current)	5.30M YoY+8.2%	4.90M YoY+81.5%	2.70M YoY-3.6%	2.80M YoY+27.3%	2.20M YoY-21.4%	2.80M YoY-28.2%
Non-current lease liability	3.82B YoY+3.0%	3.70B YoY+1.0%	3.67B YoY-2.3%	3.76B YoY-8.1%	4.09B YoY-4.4%	4.28B
Deferred tax liabilities	279M YoY+20.2%	232M YoY+63.2%	142M YoY-29.3%	201M YoY-9.3%	222M YoY+295.0%	56.1M YoY-64.2%
Other non-current liabilities	1.80B YoY+14.1%	1.58B YoY+12.3%	1.41B YoY+14.3%	1.23B YoY+63.2%	755M YoY+34.6%	561M YoY-4.5%
	2.31B YoY+3.1%	2.24B YoY+1.9%	2.20B YoY+0.2%	2.20B YoY-21.9%	2.81B YoY+20.7%	2.33B YoY-2.6%
Preferred stock	0.00	0.00	0.00	0.00	0.00	0.00
Retained earnings	-16.1M YoY+54.6%	-35.5M YoY-9.2%	-32.5M YoY-25.5%	-25.9M YoY-105.0%	522M YoY+264.0%	144M YoY-82.2%
Treasury stock	0.00	0.00	0.00	0.00	0.00	0.00
Accumulated other comprehensive income	31.8M YoY+24.2%	25.6M YoY+700.0%	3.20M YoY+268.4%	-1.90M YoY-145.2%	4.20M YoY+123.9%	-17.6M YoY+82.1%
Total liabilities & equity	12.6B YoY+11.2%	11.3B YoY+10.6%	10.2B YoY+1.0%	10.1B YoY-4.9%	10.7B YoY+7.1%	9.95B YoY+68.8%
Common shares issued	117M YoY-1.6%	119M YoY-1.8%	121M YoY-2.3%	124M YoY-5.3%	131M YoY+0.7%	130M YoY+5.5%
Common shares outstanding	117M YoY-1.6%	119M YoY-1.8%	121M YoY-2.3%	124M YoY-5.3%	131M YoY+0.7%	130M YoY+5.5%
Shares outstanding (cover)	117M YoY-1.5%	119M YoY-1.8%	121M YoY-2.3%	124M YoY-5.2%	131M YoY+0.7%	130M YoY+5.5%
Cash Flow	as ofMay 25 ’25	as ofMay 26 ’24	as ofMay 28 ’23	as ofMay 29 ’22	as ofMay 30 ’21	as ofMay 31 ’20
	1.71B YoY+5.3%	1.62B YoY+4.4%	1.55B YoY+22.8%	1.26B YoY+6.0%	1.19B YoY+66.4%	717M YoY-43.4%
Depreciation & amortization	516M YoY+12.2%	460M YoY+18.6%	388M YoY+5.3%	368M YoY+5.0%	351M YoY-1.4%	356M YoY+5.7%
Share-based compensation	79.1M YoY+15.5%	68.5M YoY+1.5%	67.5M YoY+11.6%	60.5M YoY-16.4%	72.4M YoY+36.6%	53.0M YoY-11.4%
Deferred income taxes	900K YoY+228.6%	-700K YoY+98.8%	-56.1M YoY-115.8%	-26.0M YoY-115.7%	166M YoY+223.3%	-135M YoY-373.4%
Change in inventory	20.5M YoY+466.1%	-5.60M YoY-132.4%	17.3M YoY-78.3%	79.8M YoY+595.7%	-16.1M YoY-215.8%	13.9M YoY+561.9%
Change in payables	26.6M YoY+335.4%	-11.3M YoY-127.6%	40.9M YoY-5.3%	43.2M YoY-11.7%	48.9M YoY+171.4%	-68.5M YoY-224.5%
	-1.28B YoY+3.5%	-1.32B YoY-133.0%	-568M YoY-46.1%	-389M YoY-47.5%	-264M YoY+51.5%	-544M YoY-17.6%
Capital expenditure	645M YoY+7.2%	601M YoY+6.4%	565M YoY+49.9%	377M YoY+47.9%	255M YoY-44.6%	460M YoY+1.7%
Acquisitions	614M YoY-12.5%	701M	0.00	0.00	0.00 YoY-100.0%	55.8M
Proceeds from sale of PP&E	2.50M YoY-24.2%	3.30M YoY-87.0%	25.4M YoY+151.5%	10.1M YoY+87.0%	5.40M YoY-6.9%	5.80M YoY-56.1%
Other investing activities	-4.80M YoY-220.0%	-1.50M YoY-200.0%	-500K YoY+85.3%	-3.40M YoY-183.3%	-1.20M YoY-112.6%	9.50M YoY+552.4%
	-386M YoY+20.2%	-483M YoY+53.2%	-1.03B YoY+35.8%	-1.61B YoY-236.1%	-479M YoY-445.3%	139M YoY+128.6%
Long-term debt issued	750M YoY-31.8%	1.10B	0.00	0.00	—	0.00
Long-term debt repaid	0.00 YoY-100.0%	600M	0.00	0.00	—	0.00
Common stock issued	55.6M YoY+27.5%	43.6M YoY+23.2%	35.4M YoY-11.9%	40.2M YoY-13.0%	46.2M YoY-91.2%	526M YoY+786.8%
Common stock repurchased	418M YoY-7.9%	454M YoY-1.0%	459M YoY-57.2%	1.07B YoY+2259.7%	45.4M YoY-86.3%	330M YoY+59.2%
Dividends paid	659M YoY+4.8%	628M YoY+6.5%	590M YoY+4.8%	563M YoY+177.9%	203M YoY-37.1%	322M YoY-13.1%
Other financing activities	—	—	-200K YoY+92.6%	-2.70M	0.00 YoY-100.0%	600K YoY+500.0%
Net change in cash	34.4M YoY+117.5%	-196M YoY-250.8%	-55.9M YoY+92.5%	-743M YoY-264.5%	451M YoY+47.5%	306M YoY-1.4%
Interest paid	172M YoY+27.2%	135M YoY+64.0%	82.4M YoY+26.8%	65.0M YoY+4.0%	62.5M YoY+8.5%	57.6M YoY+13.4%
Income taxes paid	149M YoY+9.0%	136M YoY+187.6%	47.4M YoY-53.8%	103M YoY+64.2%	62.5M YoY+20733.3%	300K YoY-98.7%
Valuation Ratios	as ofMay 25 ’25	as ofMay 26 ’24	as ofMay 28 ’23	as ofMay 29 ’22	as ofMay 30 ’21	as ofMay 31 ’20
Market cap	23.9B YoY+36.1%	17.5B YoY-10.2%	19.5B YoY+25.0%	15.6B YoY-16.6%	18.7B YoY+87.6%	9.98B YoY-32.5%
P/E	22.7× YoY+33.1%	17.0× YoY-17.7%	20.7× YoY+33.6%	15.5×	—	14.7× YoY-32.7%
P/S	2.0× YoY+29.1%	1.6× YoY-17.3%	1.9× YoY+9.9%	1.7× YoY-42.7%	3.0× YoY+183.2%	1.1× YoY-39.6%
P/B	10.8× YoY+34.2%	8.1× YoY-15.8%	9.6× YoY+36.4%	7.0× YoY-2.8%	7.2× YoY+81.7%	4.0× YoY-37.7%
P/FCF	22.5× YoY+26.6%	17.8× YoY-11.7%	20.1× YoY+26.2%	15.9× YoY-76.3%	67.1× YoY+467.7%	11.8× YoY-41.0%
Earnings yield	4.4% YoY-24.9%	5.9% YoY+21.5%	4.8% YoY-25.2%	6.5%	—	6.8% YoY+48.5%
FCF yield	4.4% YoY-21.0%	5.6% YoY+13.2%	5.0% YoY-20.7%	6.3% YoY+321.2%	1.5% YoY-82.4%	8.5% YoY+69.5%
Dividend yield	2.7% YoY-22.7%	3.6% YoY+18.3%	3.0% YoY-14.0%	3.5% YoY+222.6%	1.1% YoY-68.5%	3.4% YoY+37.5%
Source filing	10-K	10-K	10-K	10-K	10-K	10-K

About this data

Source: DRI's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DRI filings on SEC EDGAR → Not investment advice.

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