Brinker INTERNATIONAL, Inc. (EAT) intrinsic value & 10-year financials
Brinker INTERNATIONAL, Inc. (EAT) has a Graham intrinsic value of $175.86 per share. At $204.14 on Oct 17, 2026, the stock trades 16% above that value. Over the last 10 fiscal years revenue grew 5.7% a year to $5.4B, with an average return on invested capital of 27.2%.
- Graham intrinsic value
- $175.86
- Share price (Oct 17, 2026)
- $204.14
- Price vs Graham value
- 16% above
- Market cap
- $9.4B
- Revenue (FY2025)
- $5.4B
- Revenue growth (10-yr CAGR)
- 5.7%
- ROIC (10-yr avg)
- 27.2%
- Free cash flow (FY2025)
- $413.7M
EAT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $5.4B | $383.1M | $8.32 | $413.7M | 9.5% | 55.4% |
| FY2024 | $4.4B | $155.3M | $3.40 | $223.0M | 5.2% | 28.6% |
| FY2023 | $4.1B | $102.6M | $2.28 | $71.4M | 3.5% | 19.8% |
| FY2022 | $3.8B | $117.6M | $2.58 | $101.9M | 4.2% | 24.6% |
| FY2021 | $3.3B | $131.6M | $2.83 | $275.7M | 6.0% | 28.3% |
| FY2020 | $3.1B | $24.4M | $0.63 | $140.5M | 2.0% | 11.4% |
| FY2019 | $3.2B | $154.9M | $3.96 | $45.1M | 7.2% | 35.1% |
| FY2018 | $3.1B | $125.9M | $2.72 | $183.2M | 7.2% | 21.1% |
| FY2017 | $3.2B | $150.8M | $2.94 | $210.3M | 8.1% | 22.0% |
| FY2016 | $3.3B | $200.7M | $3.42 | $281.9M | 9.7% | 25.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BRINKER INTERNATIONAL, INC has demonstrated mature, steady growth, with revenue compounding at 5.7% annually over the past decade.
BRINKER INTERNATIONAL, INC has earned high returns on invested capital, averaging 27.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, BRINKER INTERNATIONAL, INC shows that management has aggressively returned capital to shareholders by retiring 21.4% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BRINKER INTERNATIONAL, INC is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $175.86 per share.