Red Robin Gourmet Burgers Inc. (RRGB) intrinsic value & 10-year financials
Red Robin Gourmet Burgers Inc. (RRGB) has a Graham intrinsic value of $13.67 per share. At $8.81 on Oct 17, 2026, the stock trades 36% below that value. Over the last 10 fiscal years revenue shrank 0.8% a year to $1.2B, with an average return on invested capital of -6.0%.
- Graham intrinsic value
- $13.67
- Share price (Oct 17, 2026)
- $8.81
- Price vs Graham value
- 36% below
- Market cap
- $156.7M
- Revenue (FY2025)
- $1.2B
- Revenue growth (10-yr CAGR)
- -0.8%
- ROIC (10-yr avg)
- -6.0%
- Free cash flow (FY2025)
- $6.2M
RRGB 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.2B | -$23.3M | -$1.31 | $6.2M | 0.2% | 0.7% |
| FY2024 | $1.2B | -$77.5M | -$4.93 | -$19.0M | -4.3% | -11.2% |
| FY2023 | $1.3B | -$21.2M | -$1.34 | -$50.6M | 0.3% | 0.8% |
| FY2022 | $1.3B | -$77.8M | -$4.91 | -$2.6M | -4.5% | -9.1% |
| FY2021 | $1.2B | -$50.0M | -$3.19 | $5.0M | -3.2% | -5.2% |
| FY2020 | $868.7M | -$276.1M | -$19.29 | -$1.9M | -31.7% | -41.9% |
| FY2019 | $1.3B | -$7.9M | -$0.61 | — | -1.0% | -1.2% |
| FY2018 | $1.3B | -$6.4M | -$0.49 | — | -0.8% | -0.9% |
| FY2017 | $1.4B | $30.0M | $2.31 | — | 2.8% | 5.9% |
| FY2016 | $1.3B | $11.7M | $0.87 | — | 0.9% | 1.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
RED ROBIN GOURMET BURGERS INC is facing top-line stagnation, with revenue contracting over the decade.
RED ROBIN GOURMET BURGERS INC has historically struggled to out-earn its cost of capital, averaging just -6.0% ROIC.
RED ROBIN GOURMET BURGERS INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, RED ROBIN GOURMET BURGERS INC is modeled at -0.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $13.67 per share.