Brinker International Inc (EAT)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Dec 23, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 775,800 | 1,653,100 | 707,000 | 588,300 | 539,700 | 544,200 | 571,900 | 548,300 | 500,100 | 441,000 | 424,300 | 418,600 | 457,900 | 548,600 | 539,300 | 475,900 | 862,100 | 773,300 | 1,124,400 | 1,112,200 |
| Revenue (ttm) | US$ in thousands | 5,384,200 | 5,130,500 | 4,825,700 | 4,541,600 | 4,415,100 | 4,282,400 | 4,245,300 | 4,190,200 | 4,133,200 | 4,079,200 | 3,976,400 | 3,883,200 | 3,804,100 | 3,791,200 | 3,639,200 | 3,474,100 | 3,358,400 | 3,089,900 | 3,001,600 | 2,804,100 |
| Gross profit margin | 14.41% | 32.22% | 14.65% | 12.95% | 12.22% | 12.71% | 13.47% | 13.09% | 12.10% | 10.81% | 10.67% | 10.78% | 12.04% | 14.47% | 14.82% | 13.70% | 25.67% | 25.03% | 37.46% | 39.66% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $775,800K ÷ $5,384,200K
= 14.41%
Brinker International Inc’s gross profit margin has exhibited significant fluctuations over the specified period. Starting at a high of 39.66% on December 23, 2020, and slightly decreasing to 37.46% by the end of December 2020, the margin experienced a notable decline during the early 2021 period, reaching 25.03% by March 31, 2021, and marginally increasing to 25.67% by June 30, 2021.
Subsequently, the gross profit margin continued a downward trend, reaching a low of 13.70% on September 30, 2021, before modestly recovering to 14.82% at the end of 2021. For the remainder of 2022, the margin remained relatively low, fluctuating between approximately 10.78% and 12.10%, indicative of sustained pressure on gross profitability. A slight upward movement was observed into early 2023, with the margin reaching 13.09% on September 30, 2023.
Turning into 2024, the gross profit margin displayed a gradual increase, culminating at 14.65% by December 31, 2024. A marked outlier is apparent in the first quarter of 2025, with a substantial jump to 32.22%, followed by a decline to 14.41% in June 2025.
Overall, the data indicates that Brinker International's gross profit margin experienced a significant decline from its initial high in late 2020 to a trough around mid-2022, shortly afterwards showing signs of stabilization and moderate recovery. The dramatic spike in early 2025 suggests a potential extraordinary event or one-time adjustment that temporarily inflated profitability metrics. This overall trend reflects substantial challenges in maintaining gross profitability, likely influenced by industry factors, cost pressures, and operational shifts over this period.
Peer comparison
Jun 30, 2025