Brinker International EAT
NYSE · Retail-Eating Places · $9.2B$212.66−3.53%Nov 5 close · Databento
EAT Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing
Nov 5, 2026CLOSE $212.661D −3.53%3M −6.54%SMA20 $202.38SMA50 $206.73RSI(14) 54.9
212.66
RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 54.9
Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.
The numbers
fiscal 2026, as filed with the SEC · 66-metric EOD snapshot via DatabentoMarket cap$9.2B
EV / True FCF19.8x
Revenue$5.8B +7.9%
True FCF (ex-SBC)$525.3M +34.8%
Rule of 4017.5%
ROIC36.2%
True FCF Yield5.7%
EPS, diluted$10.87 +30.6%
Modern Valuation (EOD)
Market Cap$9.2B
Enterprise Value$10.4B
EV / True FCF19.82
EV / FCF18.67
EV / Gross Profit—
EV / EBIT16.79
EV / Sales1.79
P / E (GAAP)18.90
P / FCF16.51
P / Oper. CF11.66
P / Book20.75
Owner & Cash Yields
True FCF Yield5.7%
FCF Yield6.1%
Owner Earn. Yield4.8%
Earnings Yield5.3%
Shareholder Yield+4.5%
Buyback Yield4.8%
Dividend Yield0.54%
Dividend / sh$1.14
Payout Ratio0%
FCF / sh$13.42
EPS (diluted)$10.87
Compounder & Returns
Rule of 4017.5%
ROIC36.2%
Cash ROIC (CROIC)33.8%
GP / Assets—
ROE109.8%
ROA17.3%
Gross Margin—
Oper. Margin10.7%
Net Margin8.4%
FCF Margin9.6%
True FCF Margin9.0%
Quality & Dilution
Cash Conversion115%
Accrual Ratio−10.7%
SBC % of FCF5.8%
SBC % of Rev0.6%
Reinvest. Rate29%
Sales Growth Y/Y+7.9%
Sales 3Y CAGR+12.0%
EPS Growth Y/Y+30.6%
FCF Growth Y/Y+34.8%
FCF 3Y CAGR+98.4%
Share Change Y/Y−2.8%
Balance Sheet & Scale
Revenue (FY)$5.8B
Gross Profit (FY)—
Oper. Income (FY)$619.9M
GAAP Net Income$487.0M
True FCF (ex-SBC)$525.3M
Cash & Equiv$110.0M
Total Debt$1.3B
Net Cash (Debt)$-1.2B
Net Cash % MCap−13.1%
Debt / FCF (yrs)2.4y
Current Ratio0.4541.54M sh
Price & Technicals (EOD)
Perf Week−3.29%
Perf Month+14.76%
Perf Quarter−5.57%
Perf Half Y+45.36%
Perf YTD+34.33%
SMA 20 Dist+5.08%$202.38
SMA 50 Dist+2.87%$206.73
SMA 100 Dist+4.45%$203.59
Window High−16.26%$253.94
Window Low+68.34%$126.33
RSI (14) · Vol54.962%v
Income Distribution & Cash Flow ConversionHow every dollar of EAT revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow
Where Every $100 of Revenue Goes (FY2026)
Cost of Revenue (COGS)$867.8M ($14.9 / $100)
Operating Expenses$4.3B ($74.4 / $100)
Tax & Non-Operating$132.9M ($2.3 / $100)
Net Profit Kept$487.0M ($8.4 / $100)
Earnings Quality: GAAP Profit → True Owner Cash (FY2026)
GAAP Net Income$487.0M (8.4% margin)
Operating Cash Flow (OCF)$789.4M(13.6% of rev)
Less: Capital Expenditures−$231.9M(4.0% of rev)
Standard Free Cash Flow (FCF)$557.5M(9.6% margin)
Less: Stock-Based Comp (SBC)−$32.2M(5.8% of FCF)
True FCF (Owner Cash ex-SBC)$525.3M(9.0% of rev)
Revenue by fiscal year
Operating leverage — margins
GrossOperatingNet
| Line Item (USD) | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY Δ | 4Y CAGR | Trend |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | $3.8B | $4.1B | $4.4B | $5.4B | $5.8B | +7.9% | +11.2% | |
| Cost of Revenue (COGS) | — | — | — | — | $867.8M | — | — | |
| Operating Income (EBIT) | $159.5M | $144.4M | $229.6M | $512.0M | $619.9M | +21.1% | +40.4% | |
| Interest Expense | $46.1M | $54.9M | $65.0M | $53.1M | $40.5M | −23.7% | −3.2% | |
| Income Tax Expense | $-2.4M | $-11.8M | $9.6M | $76.9M | $93.9M | +22.1% | — | |
| GAAP Net Income | $117.6M | $102.6M | $155.3M | $383.1M | $487.0M | +27.1% | +42.7% | |
| Diluted EPS | $2.58 | $2.28 | $3.40 | $8.32 | $10.87 | +30.6% | +43.3% | |
| Diluted Shares | 45.6M | 45.0M | 45.7M | 46.1M | 44.8M | −2.8% | −0.4% | |
| Balance Sheet | ||||||||
| Cash & Equivalents | $13.5M | $15.1M | $64.6M | $18.9M | $110.0M | +482.0% | +69.0% | |
| Inventory | $35.6M | $34.5M | $34.5M | $35.2M | $34.5M | −2.0% | −0.8% | |
| Total Current Assets | $201.2M | $183.3M | $234.1M | $207.0M | $307.7M | +48.6% | +11.2% | |
| Total Assets | $2.5B | $2.5B | $2.6B | $2.7B | $2.8B | +5.1% | +3.2% | |
| Total Current Liabilities | $558.0M | $535.9M | $622.3M | $675.6M | $676.7M | +0.2% | +4.9% | |
| Total Debt (Short + Long Term) | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | +0.0% | +0.0% | |
| Stockholders' Equity | $-268.1M | $-144.3M | $39.4M | $370.9M | $443.7M | +19.6% | — | |
| Net Cash / (Net Debt) | $-1.3B | $-1.3B | $-1.2B | $-1.3B | $-1.2B | +7.0% | — | |
| Invested Capital | $1.0B | $1.2B | $1.3B | $1.7B | $1.6B | −1.1% | +12.4% | |
| Cash Flow & Capital Allocation | ||||||||
| Operating Cash Flow (OCF) | $252.2M | $256.3M | $421.9M | $679.0M | $789.4M | +16.3% | +33.0% | |
| Depreciation & Amortization (D&A) | $161.3M | $165.3M | $167.9M | $204.3M | $216.6M | +6.0% | +7.6% | |
| Stock-Based Compensation (SBC) | $18.6M | $14.4M | $25.9M | $31.4M | $32.2M | +2.5% | +14.7% | |
| Capital Expenditures (CapEx) | $150.3M | $184.9M | $198.9M | $265.3M | $231.9M | −12.6% | +11.5% | |
| Free Cash Flow (FCF) | $101.9M | $71.4M | $223.0M | $413.7M | $557.5M | +34.8% | +52.9% | |
| True FCF (ex-SBC Owner Cash) | $83.3M | $57.0M | $197.1M | $382.3M | $525.3M | +37.4% | +58.5% | |
| Share Repurchases (Buybacks) | $100.9M | $5.0M | $25.8M | $90.2M | $443.9M | +392.1% | +44.8% | |
| Dividends Paid | $1.1M | $600,000 | $200,000 | $0 | $0 | — | — | |
Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.
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