Cracker Barrel OLD Country Store, Inc key statistics and ratios

In fiscal 2026, Cracker Barrel OLD Country Store, Inc had return on equity of 6.7%, an operating margin of -0.4%, debt equal to 70.5% of equity and a current ratio of 0.58. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cracker Barrel OLD Country Store, Inc: financial ratios, annual
Fiscal year	2010Jul 2010	2011Jul 2011	2012Aug 2012	2013Aug 2013	2014Aug 2014	2015Jul 2015	2016Jul 2016	2017Jul 2017	2018Aug 2018	2019Aug 2019	2020Jul 2020	2021Jul 2021	2022Jul 2022	2023Jul 2023	2024Aug 2024	2025Aug 2025	2026Jul 2026
Gross margin	69.0%	68.3%	67.9%	67.7%	67.5%	67.5%	68.1%	69.5%	69.1%	69.7%	69.1%	69.3%	67.9%	67.2%	68.7%	69.0%	69.1%
Operating margin	6.8%	6.9%	7.4%	7.6%	7.8%	9.0%	9.6%	10.7%	9.7%	9.2%	4.1%	13.0%	4.7%	3.5%	1.3%	1.6%	−0.4%
Net margin	3.5%	3.5%	4.0%	4.4%	4.9%	5.8%	6.5%	6.9%	8.2%	7.3%	−1.3%	9.0%	4.0%	2.9%	1.2%	1.3%	1.0%
Free-cash-flow margin	5.9%	2.5%	5.4%	5.1%	3.2%	8.6%	5.4%	7.2%	5.9%	7.3%	−5.4%	8.2%	3.3%	3.6%	1.2%	1.7%	2.7%
Return on equity	44.5%	37.1%	31.7%	27.1%	26.1%	30.7%	35.6%	37.7%	44.0%	37.7%	−6.3%	47.0%	22.4%	19.9%	8.9%	10.3%	6.7%
Return on assets	6.6%	6.5%	7.6%	8.4%	9.4%	10.9%	12.3%	13.4%	16.2%	14.4%	−1.6%	10.3%	5.6%	4.4%	1.9%	2.1%	1.5%
Asset turnover	1.86	1.87	1.89	1.88	1.90	1.89	1.89	1.94	1.99	1.98	1.22	1.14	1.39	1.53	1.58	1.61	1.59
Current ratio	0.76	0.92	1.06	0.96	0.96	1.03	0.96	0.95	0.84	0.62	1.43	0.76	0.63	0.58	0.61	0.50	0.58
Debt to equity	303.0%	205.3%	137.2%	82.6%	75.7%	74.3%	76.0%	73.5%	68.8%	66.1%	226.9%	49.3%	82.8%	85.8%	108.3%	105.0%	70.5%
Interest cover (operating income ÷ interest)	3.4x	3.2x	4.3x	5.6x	11.9x	15.3x	20.0x	21.9x	19.4x	17.2x	—	—	—	—	—	—	—
Effective tax rate	—	—	—	—	—	—	—	—	—	—	—	—	—	4.4%	—	−22.9%	—
Capital spending as % of revenue	2.9%	3.2%	3.1%	2.8%	3.4%	3.2%	3.9%	3.8%	5.0%	4.5%	11.8%	2.5%	3.0%	3.7%	3.7%	4.6%	3.5%
Free cash flow ÷ net income	166.5%	70.7%	134.7%	114.3%	65.1%	148.4%	83.1%	104.1%	72.0%	100.5%	—	90.6%	81.1%	124.7%	99.4%	128.8%	279.2%
Dividends ÷ net income	21.8%	23.3%	21.7%	38.7%	54.1%	58.4%	135.0%	97.5%	83.7%	86.6%	—	12.4%	87.1%	117.2%	283.6%	49.8%	73.1%
Dividends and buybacks ÷ free cash flow	57.1%	88.6%	26.9%	36.5%	97.6%	39.3%	171.7%	93.7%	124.4%	86.2%	—	28.9%	230.4%	108.1%	285.3%	38.7%	26.2%

US$ thousands unless shown otherwise. Fiscal quarters.

Cracker Barrel OLD Country Store, Inc: financial ratios, quarterly
Quarter	2025 Q1Nov 2024	2025 Q2Jan 2025	2025 Q3May 2025	2025 Q4Aug 2025	2026 Q1Oct 2025	2026 Q2Jan 2026	2026 Q3May 2026	2026 Q4Jul 2026
Gross margin	69.4%	67.4%	69.9%	69.5%	68.8%	66.5%	69.8%	71.2%
Operating margin	0.8%	3.1%	1.8%	0.5%	−4.1%	0.1%	0.8%	1.5%
Net margin	0.6%	2.3%	1.5%	0.8%	−3.1%	0.1%	5.4%	1.4%
Free-cash-flow margin	−5.1%	6.3%	−1.7%	6.5%	−11.2%	2.8%	8.4%	10.1%
Current ratio	0.69	0.62	0.65	0.50	0.51	0.49	0.50	0.58
Debt to equity	119.6%	102.3%	104.3%	105.0%	128.3%	124.8%	104.5%	70.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 5 checks passed · July 31, 2026

What it owns · $2.0bn

Short-term assets $276mLonger-term assets $1.7bn

What it owes, and who funded it · $954m

Short-term liabilities $476mShareholders' equity $478m

Short-term assets cover short-term liabilities $276m of assets due within a year against $476m of liabilities due within a year.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt $37m of cash against $337m of debt.
Debt below 40% of shareholders' equity Debt is 71% of equity.
Debt burden no higher than five years ago Debt to equity moved from 54% to 71% over five years.
A year's operating cash flow covers at least 20% of debt $206m of operating cash flow against $337m of debt.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Cracker Barrel OLD Country Store, Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

55 /100

Moderate moat

How hard Cracker Barrel OLD Country Store's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 6 / 20

Net income has been a median 5.1% of total assets over 10 years.
Pricing power 20 / 20

Gross margin has been a median 69.1%, moving by 0.7 percentage points (standard deviation) across 10 years.
Durability 0 / 20

Operating margin has been a median 4.4%; its worst year was -0.4%.
Cash conversion 11 / 20

Free cash flow was positive in 9 of 10 years, at a median 3.4% of revenue.
Discipline 18 / 20

The diluted share count fell 5.1% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Cracker Barrel OLD Country Store, Inc's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cracker Barrel OLD Country Store, Inc.