DARDEN RESTAURANTS, INC.
DRI · Consumer Discretionary · $23.2B mkt cap · FY2025 filings · Narrow moat
On the watchlist
The four filters
Pricing power30
Median gross margin 18.9% over 10y, stable.
Returns on capital97
Median ROIC 26.2%, above the 9% hurdle in 90% of years.
Balance-sheet safety66
Net debt/EBITDA 1.0x, interest coverage 12x.
Capital discipline88
Owner earnings +10.2%/yr, share count shrinking (buybacks).
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $981.9M
- Est. intrinsic value / share
- $151.06
- Recent price
- $198.57
- Discount to value
- 31% above value
Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Score history begins 2026-07-17. Check back as the record builds.
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.