BLMNBloomin' Brands, Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (BBB) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -80% · now 28% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can BLMN take a bad year?
Bloomin' Brands, Inc. carries $636M of net debt at 2.78× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.78×
Net debt / EBITDA · 2.99× a year ago · the load is coming down
- Debt / equity
- 1.63×
Debt / equity
- Annualised volatility
- 77%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $703M
- Cash and short-term investments
- $67M
- Net debt
- $636M
- EBITDA, trailing twelve months
- $229M
- Operating profit, trailing twelve months
- $48M
- Debt / equity
- 1.63×
- Total debt / EBITDA
- 3.07×
- Annualised volatilitytwo years of daily moves
- 77%
- Worst drawdown on file
- −81%
- Below its 52-week high
- 28%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.