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Restaurants · Consumer Cyclical · Fiscal year ends Jun 24
Brinker International reported revenue of $5.8B in the fiscal year ended Jun 2026, up 7.9% from the year before. Operating income was $620M, an operating margin of 10.7%, and net income was $487M. Operating cash flow of $789M less capital expenditure of $232M left free cash flow of $558M. Net debt was $310M.
Ranks among the 15 restaurants companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 3,804 | 4,133 | 4,415 | 5,384 | 5,807 |
| Cost of revenue | 1,049 | 1,146 | 1,108 | 1,351 | 1,488 |
| Gross profit | 2,756 | 2,987 | 3,308 | 4,034 | 4,320 |
| Operating income | 160 | 144 | 230 | 512 | 620 |
| Interest expense | 46.1 | 54.9 | 65.0 | 53.1 | 40.5 |
| Pre-tax income | 115 | 90.8 | 165 | 460 | 581 |
| Income tax | −2.4 | −11.8 | 9.6 | 76.9 | 93.9 |
| Net income | 118 | 103 | 155 | 383 | 487 |
| Diluted EPS | 2.58 | 2.28 | 3.40 | 8.32 | 10.87 |
| Diluted shares | 45.6 | 45.0 | 45.7 | 46.1 | 44.8 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 13.5 | 15.1 | 64.6 | 18.9 | 110 |
| Receivables | 66.4 | 60.9 | 60.6 | 73.4 | 81.4 |
| Inventory | 35.6 | 34.5 | 34.5 | 35.2 | 34.5 |
| Current assets | 201 | 183 | 234 | 207 | 308 |
| Net PP&E | 817 | 808 | 880 | 953 | 967 |
| Goodwill | 195 | 195 | 195 | 195 | 195 |
| Total assets | 2,484 | 2,487 | 2,593 | 2,679 | 2,815 |
| Payables | 134 | 126 | 161 | 169 | 169 |
| Deferred revenue | 83.9 | 73.0 | 64.8 | 57.2 | 52.8 |
| Current liabilities | 558 | 536 | 622 | 676 | 677 |
| Long-term debt | 989 | 912 | 786 | 426 | 420 |
| Total liabilities | 2,753 | 2,631 | 2,554 | 2,308 | 2,371 |
| Shareholders' equity | −268 | −144 | 39.4 | 371 | 444 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | 252 | 256 | 422 | 679 | 789 |
| Capital expenditure | 150 | 185 | 199 | 265 | 232 |
| Free cash flow | 102 | 71.4 | 223 | 414 | 558 |
| Depreciation & amortisation | 161 | 165 | 168 | 204 | 217 |
| Stock-based compensation | 18.6 | 14.4 | 25.9 | 31.4 | 32.2 |
| Acquisitions | 107 | 0.0 | 0.0 | – | – |
| Share buybacks | 101 | 5.0 | 25.8 | 90.2 | 444 |
| Dividends paid | 1.1 | 0.6 | 0.2 | 0.0 | 0.0 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 8.7% | 6.8% | 21.9% | 7.9% |
| Operating income growth (YoY) | – | −9.5% | 59.0% | 123.0% | 21.1% |
| EPS growth (YoY) | – | −11.6% | 49.1% | 144.7% | 30.6% |
| Gross margin | 72.4% | 72.3% | 74.9% | 74.9% | 74.4% |
| Operating margin | 4.2% | 3.5% | 5.2% | 9.5% | 10.7% |
| Net margin | 3.1% | 2.5% | 3.5% | 7.1% | 8.4% |
| Return on equityBlank when equity is negative | – | – | 394.2% | 103.3% | 109.8% |
| ROCEEBIT ÷ (assets − current liabilities) | 8.3% | 7.4% | 11.7% | 25.6% | 29.0% |
| Free cash flow margin | 2.7% | 1.7% | 5.1% | 7.7% | 9.6% |
| Cash conversion (CFO ÷ net income) | 2.14x | 2.50x | 2.72x | 1.77x | 1.62x |
| Receivable days | 6 | 5 | 5 | 5 | 5 |
| Inventory days | 12 | 11 | 11 | 10 | 8 |
| Payable days | 47 | 40 | 53 | 46 | 41 |
| Interest cover | 3.46x | 2.63x | 3.53x | 9.64x | 15.3x |
| Debt ÷ equity | – | – | 20.0x | 1.15x | 0.95x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 976 | 897 | 722 | 407 | 310 |
| Current ratio | 0.36x | 0.34x | 0.38x | 0.31x | 0.45x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.