Darden Restaurants
Darden Restaurants returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q4 | May 31, 2026 | 35.36% | 15.67% | — | 53.41% | 9.48% | 27.7 pp |
| FY 2026 Q3 | Feb 22, 2026 | 30.2% | 14.09% | 56.73% | 51.34% | 8.69% | 22.5 pp |
| FY 2026 Q2 | Nov 23, 2025 | 29.62% | 14.31% | 56.17% | 54.06% | 8.82% | 21.9 pp |
| FY 2026 Q1 | Aug 24, 2025 | 31.88% | 14.73% | 13.77% | 50.36% | 9.12% | 24.2 pp |
| FY 2025 Q4 | May 25, 2025 | 31.3% | 13.99% | 7.76% | 46.1% | 8.78% | 23.6 pp |
| FY 2025 Q3 | Feb 23, 2025 | 31.47% | 14.2% | 7.67% | 48.08% | 8.81% | 23.8 pp |
| FY 2025 Q2 | Nov 24, 2024 | 30.29% | 14.1% | 11.39% | 50.76% | 8.75% | 22.6 pp |
| FY 2025 Q1 | Aug 25, 2024 | 32.74% | 14.62% | 104.65% | 48.48% | 9.2% | 25 pp |
| FY 2024 Q4 | May 26, 2024 | 37.02% | 15.08% | 12.37% | 46.25% | 9.53% | 29.3 pp |
| FY 2024 Q3 | Feb 25, 2024 | 37.51% | 15.03% | 15.89% | 48.98% | 9.65% | 29.8 pp |
| FY 2024 Q2 | Nov 26, 2023 | 35.15% | 14.72% | 15.29% | 49.66% | 9.45% | 27.5 pp |
| FY 2024 Q1 | Aug 27, 2023 | 34.86% | 13.94% | 8.98% | 46.69% | 9.24% | 27.2 pp |
| FY 2023 Q4 | May 28, 2023 | 39.09% | 14.49% | 100.45% | 44.63% | 9.64% | 31.4 pp |
| FY 2023 Q3 | Feb 26, 2023 | 38.41% | 14.11% | -3,473.36% | 43.81% | 9.35% | 30.7 pp |
| FY 2023 Q2 | Nov 27, 2022 | 35.85% | 13.33% | — | 39.83% | 8.9% | 28.1 pp |
| FY 2023 Q1 | Aug 28, 2022 | 36.82% | 13.23% | — | 37.99% | 8.9% | 29.1 pp |
| FY 2022 Q4 | May 29, 2022 | 38.98% | 13.6% | — | 38.03% | 9.17% | 31.3 pp |
| FY 2022 Q3 | Feb 27, 2022 | 42.94% | 13.64% | — | 42.77% | 10.24% | 35.2 pp |
| FY 2022 Q2 | Nov 28, 2021 | 37.08% | 11.7% | — | 36.87% | 9.06% | 29.4 pp |
| FY 2022 Q1 | Aug 29, 2021 | — | 10.23% | — | 32.14% | 8.11% | — |
| FY 2021 Q4 | May 30, 2021 | — | 7.65% | — | 24.47% | 6.11% | — |
| FY 2021 Q3 | Feb 28, 2021 | — | -3.19% | — | -8.92% | -2.18% | — |
| FY 2021 Q2 | Nov 29, 2020 | — | -1.65% | — | -4.89% | -1.18% | — |
| FY 2021 Q1 | Aug 30, 2020 | — | -1.18% | — | -7.86% | -1.92% | — |
| FY 2020 Q4 | May 31, 2020 | — | 0.76% | — | -2.22% | -0.66% | — |
| FY 2020 Q3 | Feb 23, 2020 | 28.3% | 13.87% | 1,318.2% | 27.3% | 8.11% | 20.6 pp |
| FY 2020 Q2 | Nov 24, 2019 | 26.94% | 13.88% | — | 27.71% | 8.2% | 19.2 pp |
| FY 2020 Q1 | Aug 25, 2019 | 25.47% | 13.69% | — | 30.83% | 9.43% | 17.8 pp |
| FY 2019 Q4 | May 26, 2019 | 26.2% | 19.58% | — | 31.1% | 12.56% | 18.5 pp |
| FY 2019 Q3 | Feb 24, 2019 | 24.78% | 20.21% | — | 30.62% | 12.19% | 17.1 pp |
| FY 2019 Q2 | Nov 25, 2018 | — | 19.86% | — | 31.9% | 12.41% | — |
| FY 2019 Q1 | Aug 26, 2018 | — | 19.2% | — | 29.68% | 12% | — |
| FY 2018 Q4 | May 27, 2018 | 26.45% | 18.48% | 148.62% | 27.74% | 10.86% | 18.8 pp |
| FY 2018 Q3 | Feb 25, 2018 | — | 19.02% | — | 26.61% | 10.76% | — |
| FY 2018 Q2 | Nov 26, 2017 | 21.1% | 19.5% | 2% | 25.75% | 10.08% | 13.4 pp |
| FY 2018 Q1 | Aug 27, 2017 | 21.2% | 19.18% | 1.39% | 25.28% | 10.17% | 13.5 pp |
| FY 2017 Q4 | May 28, 2017 | 20.84% | 17.8% | 2.22% | 23.64% | 9.5% | 13.1 pp |
| FY 2017 Q3 | Feb 26, 2017 | 25.25% | 20.52% | — | 25.44% | 10.78% | 17.5 pp |
| FY 2017 Q2 | Nov 27, 2016 | 23.32% | 20.49% | — | 22.64% | 9.02% | 15.6 pp |
| FY 2017 Q1 | Aug 28, 2016 | 19.47% | 15.99% | — | 18.88% | 7.67% | 11.8 pp |
| FY 2016 Q4 | May 29, 2016 | 18.49% | 15.19% | — | 17.5% | 7.09% | 10.8 pp |
| FY 2016 Q3 | Feb 28, 2016 | 18.22% | 14.78% | — | 16.4% | 6.49% | 10.5 pp |
| FY 2016 Q2 | Nov 29, 2015 | 16.2% | 13.68% | — | 18.01% | 6.72% | 8.5 pp |
| FY 2016 Q1 | Aug 30, 2015 | 12.01% | 9.23% | — | 12.86% | 4.82% | 4.3 pp |
| FY 2015 Q4 | May 31, 2015 | — | 7.15% | — | 31.6% | 10.84% | — |
| FY 2015 Q3 | Feb 22, 2015 | — | — | — | 31.69% | 10.44% | — |
| FY 2015 Q2 | Nov 23, 2014 | — | — | — | 32.01% | 10.3% | — |
| FY 2015 Q1 | Aug 24, 2014 | — | — | — | 34.25% | 10.91% | — |
| FY 2014 Q4 | May 25, 2014 | — | 5.61% | — | 13.58% | 4.08% | — |
| FY 2014 Q3 | Feb 23, 2014 | — | — | — | 16.35% | 4.69% | — |
| FY 2014 Q2 | Nov 24, 2013 | — | — | — | 18.23% | 5.11% | — |
| FY 2014 Q1 | Aug 25, 2013 | — | — | — | 18.89% | 5.68% | — |
| FY 2013 Q4 | May 26, 2013 | 7.46% | 8.26% | — | 21.11% | 6.4% | -0.2 pp |
| FY 2013 Q3 | Feb 24, 2013 | — | — | — | 23.08% | 6.67% | — |
| FY 2013 Q2 | Nov 25, 2012 | — | — | — | 25.7% | 7.24% | — |
| FY 2013 Q1 | Aug 26, 2012 | — | — | — | 25.5% | 8.26% | — |
| FY 2012 Q4 | May 27, 2012 | — | — | — | 25.17% | 8.33% | — |
| FY 2012 Q3 | Feb 26, 2012 | — | — | — | 24.96% | 8.14% | — |
| FY 2012 Q2 | Nov 27, 2011 | — | — | — | 24.99% | 8.08% | — |
| FY 2012 Q1 | Aug 28, 2011 | — | — | — | 24.89% | 8.78% | — |
| FY 2011 Q4 | May 29, 2011 | — | — | — | 24.87% | 8.89% | — |
| FY 2011 Q3 | Feb 27, 2011 | — | — | — | 24.12% | 8.53% | — |
| FY 2011 Q2 | Nov 28, 2010 | — | — | — | — | — | — |
| FY 2011 Q1 | Aug 29, 2010 | — | — | — | — | — | — |
| FY 2010 Q4 | May 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Feb 28, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · DRI, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.