Forensic Analysis · Restaurants · as of Nov 8, 2026
Bloomin' Brands, Inc. (BLMN)
A forensic read on Bloomin' Brands, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
-2.0
Distress distance
Clean
Earnings quality
3
Forensic signals
3.5%
ROE
0.1%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Bloomin' Brands, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads -2.0, placing it in the Distress zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
1.3%
FY2025
Return on invested capital.Return on invested capital is 1.3% in the latest fiscal year and slipping across FY2023–FY2025 from 11.0%. After-tax operating profit was $254M in FY2023 and $29M in FY2025, with operating income at 6.8% of revenue in FY2023, 3.5% in FY2024 and 0.9% in FY2025. The capital base behind it went from $2.3B in FY2023 to $2.3B in FY2025 (-1%), while the revenue it carried went from $4.2B to $4.0B. FY2025's operating profit carried a $71M asset write-down and a $28M goodwill write-off that alone took about 3.4 points off that year's return, so about 3.4 of the 9.7-point fall across FY2023–FY2025 is that charge landing in the latest year rather than the capital earning less. FY2024's operating profit carried a $46M asset write-down that alone took about 1.6 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it. A non-cash write-down lowers the reported return in the year it lands.
$28M
FY2025
Goodwill impairments.Took $28M of goodwill writedowns across 1 year (FY2025 ($28M)) — about 342% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.
-53%
FY2024→FY2025
Dividend — cut.The payout was CUT ~53% in FY2025 (from FY2024). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies.
Key fundamentals
Latest Revenue$3.96B
Revenue Growth YoY+0.1%
Revenue CAGR (2yr)-2.6%
Net Margin0.2%
Free Cash Flow$96.8M
Return on Equity3.5%
Debt / Equity2.36x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Bloomin' Brands, Inc.'s actual 10-K/10-Q/8-K filings?