BJRIBJ's Restaurants, Inc.
Is the business good?
A genuinely good business: 7 of 9 health tests passed, earnings fully cash-backed (3.8×), and margins widening.
High fundamental quality. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
A balanced mix of margins, efficiency, and leverage. ROE 11% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is BJRI?
BJ's Restaurants, Inc. earns 7.3% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 1.7 points below what the capital costs: growth destroys value
- Operating margin
- 2.7%
Operating margin · Restaurants median 7.8% · 12 months to Q2 2026
- Cash conversion
- 3.80×
Cash conversion · 5.54× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −4.7%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −11% |
| FY2021 | −1.5% |
| FY2022 | −0.43% |
| FY2023 | 1.0% |
| FY2024 | 1.0% |
| FY2025 | 3.3% |
Details›
- Gross margin12 months to Q2 2026
- 75%
- Operating margin12 months to Q2 2026
- 2.7%
- Net margin12 months to Q2 2026
- 2.9%
- Free cash flow margin
- 3.2%
- Revenue, trailing twelve months
- $1.43B
- Free cash flow, trailing twelve months
- $46M
- Net income, trailing twelve months
- $41M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 7.3%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.