Brinker International, Inc. (EAT) financials

NYSE · Consumer Cyclical · Restaurants · 83,840 employees · CEO Kevin D. Hochman

Price: $212.18 -3.51%
Market cap: $8.81B
Enterprise value: $10.6B
Last report: Q1 '27 filed 2026-10-28
Next report: 2027-01-27 EPS est. $3.36

Revenue (TTM)$5.93B+6.1% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)11.0%+0.8 pp vs a year agoOperating income $653M

Net income (TTM)$501M+12.8% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$601M+28.0% vs a year agoCapex $237M

Diluted EPS (TTM)$11.34+17.6% vs a year agoSum of the last 4 quarters

Net cash-$1.77B+1.0% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $8.81B
Revenue: $5.93B
Revenue growth: +9%
Profit margin: 8.4%
P/E: 18.3×
P/S: 1.5×
EV / EBITDA: 12.1×
Free cash flow: $601M
Net income: $501M
Revenue estimate: $6.32B
Earnings: 2027-01-27
Dividend: –

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-10-28): revenue beat by 1.3%, EPS beat by 13.1%Revenue $1.48B vs $1.46B expected (+1.3%); EPS $2.77 vs $2.45 (+13.1%).
Revenue growth steady: 9.4% year on yearQ1 '27 revenue $1.48B, against an average of 8.4% over the four quarters before.
Operating margin 11.0% (TTM), +0.8 pp on a year agoOperating income grew 13.9% while revenue grew 6.1%.
Capex 4.0% of revenue (a year ago 4.8%)$237M invested in the last 4 quarters (-11.5% on a year earlier). Free cash flow $601M = 120.0% of net income.
Returned $475M to shareholders = 79.0% of free cash flowBuybacks $475M (a year earlier $150M), dividends $0, stock-based pay $24.4M (TTM).
Diluted share count down 6.1% in a year43M diluted shares in Q1 '27, 45.8M a year earlier.
Net debt $1.77BCash + short-term investments $30.7M, debt incl. leases $1.8B; a year ago net debt $1.79B.
Chilis Restaurants: revenue +10.5%, margin 14.8% (was 13.5%)Fastest-growing reported segment in Q1 '27: operating income $205M on revenue $1.38B (from the segment note of the filing).

Last quarter: Q1 '27

Quarter ended 2026-09-23. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q1 '27	Year ago	Change
Revenue	$1.48B	$1.35B	+9.4%
Gross margin	14.5%	74.5%	-59.9 pp
Operating income	$151M	$118M	+28.1%
Operating margin	10.2%	8.7%	+1.5 pp
Net income	$113M	$99.5M	+13.9%
Diluted EPS	$2.64	$2.17	+21.7%
Operating cash flow	$169M	$121M	+40.0%
Capex	$63.4M	$58.6M	+8.2%
Free cash flow	$106M	$62.2M	+69.9%
R&D	$0	$0	–
Stock-based compensation	$8.3M	$7.9M	+5.1%

Reported vs consensus

2026-10-28

	Actual	Consensus	vs consensus
Revenue	$1.48B	$1.46B	+1.3%
EPS (as estimated)	$2.77	$2.45	+13.1%

From the report of 2026-10-28 for Q1 '27: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q1 '27	y/y	Share	TTM	TTM y/y	12 quarters
Chili's Restaurants	$1.38B	+10.5%	93.6%	$5.48B	–
Maggiano's Restaurants	$94.9M	-4.6%	6.4%	$450M	–

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q1 '27

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
Chilis Restaurants	$1.38B	+10.5%	$205M	+21.3%	14.8%	13.5%	$829M
Maggianos Restaurants	$94.9M	-4.6%	-$3.6M	+12.2%	-3.8%	-4.1%	$17M
Corporate And Other	$0	–	-$50.4M	-7.2%	–	–	-$193M

Operating income by segment

quarterly

Segment operating margin

quarterly

Fourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $838M
Capex: -$237M
Buybacks: -$475M
Dividends: $0
Acquisitions: -$26.9M
Net debt issued: -$103M
Stock-based compensation: $24.4M
Free cash flow: $601M
Returned to shareholders / FCF: 79.0%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	18.3×	16.1×	8.5× – 20.8×
EV / EBITDA	12.1×	11.8×	10.0× – 13.3×
EV / Sales	1.8×	1.3×	0.9× – 1.8×
Price / FCF	14.7×	15.8×	9.9× – 22.4×
Price / Book	22.3×	40.0× 3 of 5 years	16.7× – 82.1×
FCF yield	6.8%	6.9%	4.5% – 10.1%
Return on invested capital	23.9%	13.6%	7.0% – 22.8%
Return on equity	123.0%	98.4%	-71.1% – 394.2%

Analysts

Consensus target $255.76 (+20.5%)
range $200.00 – $300.00 · rating Buy

Strong buy1

Buy28

Hold19

Sell2

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2027	$6.32B	+8.7%	$13.68	+25.8%	15.5×	13
FY2028	$6.51B	+3.0%	$14.85	+8.5%	14.3×	13
FY2029	$6.83B	+5.0%	$16.64	+12.1%	12.8×	3
FY2030	$7.28B	+6.5%	$18.57	+11.6%	11.4×	1

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 260 figures Brinker International, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
	–	–	–	$28.8M	–	–
	–	–	–	$4.5M	–	–
	–	–	–	$3.1M	–	–
	2,957	–	–	–	–	–
Accounts Payable, Current	$170M	$160M	+6.2%	$169M	$169M	+0.2%
Accounts Receivable, after Allowance for Credit Loss, Current	$70.2M	$61.6M	+14.0%	$81.4M	$73.4M	+10.9%
Accrual for Taxes Other than Income Taxes, Current	$32.4M	$31M	+4.5%	$27M	$25.2M	+7.1%
Accrued Income Taxes, Current	$8.1M	$5.4M	+50.0%	$3.5M	$6.5M	-46.2%
Accrued Insurance, Current	$49.9M	$43.4M	+15.0%	$52M	$39.7M	+31.0%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$1.87B	$1.79B	+4.4%	$1.83B	$1.76B	+3.9%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$6.7M	-$6.5M	-3.1%	-$6.7M	-$6.4M	-4.7%
Additional Paid in Capital, Common Stock	$633M	$661M	-4.2%	$683M	$715M	-4.5%
Advertising Expense	–	–	–	$164M	$147M	+11.6%
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	–	0	0	–
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$8.3M	$7.9M	+5.1%	$32.2M	$31.4M	+2.5%
Asset Impairment Charges	–	–	–	$5.7M	$4.6M	+23.9%
Assets	$2.78B	$2.71B	+2.4%	$2.82B	$2.68B	+5.1%
Assets, Current	$222M	$215M	+3.3%	$308M	$207M	+48.6%
Buildings and Improvements, Gross	$1.86B	$1.77B	+4.8%	$1.82B	$1.76B	+3.4%
Business Combination, Separately Recognized Transactions, Net Gains and Losses	-$300K	$0	–	-$1.6M2022-06-29	$0	–
Capital Expenditures Incurred but Not yet Paid	$21.7M	$23.1M	-6.1%	$23.5M	$31.7M	-25.9%
Cash and Cash Equivalents, at Carrying Value	$30.7M	$33.6M	-8.6%	$110M	$18.9M	+482.0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$110M2026-06-24	$18.9M	+482.0%	$110M	$18.9M	+482.0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	$30.7M	$33.6M	-8.6%	$13.5M2022-06-29	$23.9M	-43.5%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	-$79.3M	$14.7M	-639.5%	$91.1M	-$45.7M	+299.3%
Common Stock, Par or Stated Value Per Share	$0.10	$0.10	0.0%	$0.10	$0.10	0.0%
Common Stock, Shares Authorized	250M	250M	0.0%	250M	250M	0.0%
Common Stock, Shares, Issued	60.3M	60.3M	0.0%	60.3M	60.3M	0.0%
Common Stock, Shares, Outstanding	41.9M	44.4M	-5.6%	42.2M	44.5M	-5.2%
Common Stock, Value, Issued	$6M	$6M	0.0%	$6M	$6M	0.0%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$113M	$99.4M	+14.0%	$487M	$383M	+27.1%
Construction in Progress, Gross	$48.3M	$53.7M	-10.1%	$61.8M	$71.8M	-13.9%
Contract with Customer, Liability	–	–	–	$9.8M2025-06-25	$9.7M	+1.0%
Contract with Customer, Liability, Current	$47.3M	$50.8M	-6.9%	$52.8M	$57.2M	-7.7%
Cooperative Advertising Amount	–	–	–	$7.6M	$6.5M	+16.9%
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization	$378M	$345M	+9.8%	$1.49B	$1.35B	+10.1%
Cost, Depreciation and Amortization	$55.7M	$53.6M	+3.9%	$219M	$207M	+5.9%
Costs and Expenses	$1.32B	$1.23B	+7.6%	$5.19B	$4.87B	+6.5%
Current Federal Tax Expense (Benefit)	–	–	–	$30.4M	$33.2M	-8.4%
Current Foreign Tax Expense (Benefit)	–	–	–	$0	$600K	-100.0%
Current Income Tax Expense (Benefit)	–	–	–	$61.6M	$64.4M	-4.3%
Current State and Local Tax Expense (Benefit)	–	–	–	$31.2M	$30.6M	+2.0%
Debt and Lease Obligation	$485M	$553M	-12.3%	$448M	$448M	+0.1%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$0	$3.8M	-100.0%	$3.2M	$4M	-20.0%
Debt Issuance Costs, Line of Credit Arrangements, Gross	–	–	–	$3.6M2025-06-25	–	–
Deferred Federal Income Tax Expense (Benefit)	–	–	–	$31.2M	$15.2M	+105.3%
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	$400K	-$100K	+500.0%
Deferred Income Tax Assets, Net	$66.6M	$98.4M	-32.3%	$69.1M	$101M	-31.9%
Deferred Income Tax Expense (Benefit)	–	–	–	$32.3M	$12.5M	+158.4%
Deferred State and Local Income Tax Expense (Benefit)	–	–	–	$700K	-$2.6M	+126.9%
Deferred Tax Assets, Deferred Income	$6.3M2026-06-24	$7.3M	-13.7%	$6.3M	$7.3M	-13.7%
Deferred Tax Assets, Net	$69.1M2026-06-24	$101M	-31.9%	$69.1M	$101M	-31.9%
Deferred Tax Assets, Net of Valuation Allowance	$635M2026-06-24	$625M	+1.5%	$635M	$625M	+1.5%
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	$2.8M2026-06-24	$3.7M	-24.3%	$2.8M	$3.7M	-24.3%
Deferred Tax Assets, Other	$11.7M2026-06-24	$13.9M	-15.8%	$11.7M	$13.9M	-15.8%
Deferred Tax Assets, Other Tax Carryforwards	$4M2026-06-24	$4.6M	-13.0%	$4M	$4.6M	-13.0%
Deferred Tax Assets, Tax Credit Carryforwards, Other	$5.6M2026-06-24	$26.7M	-79.0%	$5.6M	$26.7M	-79.0%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits	$200K2026-06-24	$100K	+100.0%	$200K	$100K	+100.0%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	$9.1M2026-06-24	$13.1M	-30.5%	$9.1M	$13.1M	-30.5%
Deferred Tax Assets, Tax Deferred Expense, Other	$18.4M2026-06-24	$31.3M	-41.2%	$18.4M	$31.3M	-41.2%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-23, 10-K 2026-06-24, 10-Q 2026-03-25, 10-Q 2025-12-24, 10-Q 2025-09-24, 10-K 2025-06-25, 10-Q 2025-03-26, 10-Q 2024-12-25, 10-Q 2024-09-25

Data as of 2026-11-02