BRINKER INTERNATIONAL, INC (EAT) — payout ratio, two ways

Fiscal year ending 2024-06-26 · sector Consumer discretionary · payout ratios computed from SEC filings, not taken from a data vendor.

Basis	Payout	Why it differs
GAAP earnings	0.1%	The figure most screeners publish.
Free cash flow	0.1%	What is left after maintaining the business.

No operating cash flow figure is shown. This company does not report the inputs for it in its XBRL filings — capital expenditure, in particular, is often folded into a single investing total rather than tagged on its own. The figure is absent from the filings, not zero, and inventing one from a balance-sheet movement would be a guess dressed as a measurement.

All bases agree, within a percentage point. No denominator flatters this dividend more than another; there is nothing here that a single headline figure would hide.

Coverage rating 67 / 100 — Adequate. ? Peer standing 49/50Direction 18/30Stability 0/20

Free cash flow payout, last 6 years

Fiscal year	Payout
2024-06-26	0.1%
2023-06-28	0.8%
2022-06-29	1.1%
2021-06-30	0.5%
2020-06-24	40.9%
2019-06-26	133.7%

Among the 45 consumer discretionary companies here, 98% pay out a larger share on this basis — this is comfortable for the sector.

The arithmetic

GAAP earnings — dividends declared per share $0.00 ÷ diluted EPS $3.40
Free cash flow — dividends paid $0.2m ÷ (operating cash flow $421.9m − capex $198.9m)

Where the figures came from

10-K filed 2026-08-19 · accession 0000703351-26-000029
10-K filed 2025-08-15 · accession 0000703351-25-000035

Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.

Caveats on this company

DPS derived from dividends paid ($0.00); no per-share tag filed
basis discarded as outside the sane band (ratio too small to state): ocf

Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.