Is the business good?
How good a business is CBRL?
Cracker Barrel Old Country Store, Inc. earns −1.8% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−1.8%
Return on invested capital · cost of capital 9.0% · 11 points below what the capital costs: growth destroys value
- Operating margin
- −0.65%
Operating margin · Restaurants median 8.6% · 12 months to Q3 2026
- Cash conversion
- 2.26×
Cash conversion · 0.43× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +0.18%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 4.1% |
| FY2021 | 13% |
| FY2022 | 4.7% |
| FY2023 | 3.5% |
| FY2024 | 1.3% |
| FY2025 | 1.6% |
Details›
- Gross margin12 months to Q3 2026
- 69%
- Operating margin12 months to Q3 2026
- −0.65%
- Net margin12 months to Q3 2026
- 0.79%
- Free cash flow margin
- 1.8%
- Revenue, trailing twelve months
- $3.34B
- Free cash flow, trailing twelve months
- $59M
- Net income, trailing twelve months
- $26M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −1.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.