Is the business good?
How good a business is EAT?
Brinker International, Inc. earns 63% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
63%
Return on invested capital · cost of capital 9.0% · 54 points above what the capital costs: growth creates value
- Operating margin
- 11%
Operating margin · Restaurants median 8.6% · 12 months to Q4 2026
- Cash conversion
- 1.15×
Cash conversion · 1.08× a year ago · every dollar of reported profit arrived as cash, and more
- Gross margin
- 74%
Gross margin
| Year | Operating margin |
|---|---|
| FY2021 | 6.0% |
| FY2022 | 4.2% |
| FY2023 | 3.5% |
| FY2024 | 5.2% |
| FY2025 | 9.5% |
| FY2026 | 11% |
Details›
- Gross margin12 months to Q4 2026
- 74%
- Operating margin12 months to Q4 2026
- 11%
- Net margin12 months to Q4 2026
- 8.4%
- Free cash flow margin
- 9.6%
- Revenue, trailing twelve months
- $5.81B
- Free cash flow, trailing twelve months
- $558M
- Net income, trailing twelve months
- $487M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 63%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.