CARROLS RESTAURANT GROUP, INC.
Consumer Discretionary · Retail-Eating Places · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|---|
| Revenue | $1.73B | $1.65B | $1.55B | $351.5M | $1.46B | $1.18B |
| Operating income | −$45.5M | −$10.9M | $4.1M | −$22.0M | −$8.7M | $33.4M |
| Net income | −$75.6M | −$43.0M | −$29.5M | −$22.2M | −$31.9M | $10.1M |
| Total assets | $1.61B | $1.69B | $1.76B | — | $1.75B | $600.3M |
| Total liabilities | $1.46B | $1.47B | $1.49B | — | $1.44B | $414.7M |
| Equity | $150.8M | $214.2M | $271.5M | — | $309.5M | $185.5M |
| EPS (diluted) | $-1.49 | $-0.86 | $-0.58 | — | $-0.74 | $0.22 |
| Shares out. | 56.3M | 54.6M | 53.3M | 52.7M | 37.0M | 36.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- −2.6%
- Net margin
- −4.4%
- Return on equity
- −50.1%
- Return on assets
- −4.7%
- Return on capital (ROCE)
- −3.2%
- Liabilities / assets
- 90.6%
- Debt / equity
- 9.66×
- Book value / share
- $2.68
- Revenue growth (YoY)
- 4.7%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2023- Altman Z″ (distress)
- -0.81distress
- Accruals / assets
- −6.0%clean
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 3 warning● 3 good- Altman Z″ in the distress zone
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Cambridge Franchise Holdings, LlcDirector | May 16, 2024 | D | 10.4M | — |
| Mucher NathanOfficer — SVP, Chief Information Officer | May 16, 2024 | D | 64,907 | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Other material eventMay 16, 2024
- Shareholder voteMay 15, 2024
- Other material eventMay 6, 2024
- Director / officer changeMar 15, 2024
- Other material eventFeb 22, 2024
- Entered a material agreementJan 16, 2024
- Results of operations · Regulation FD disclosureJan 8, 2024
- Entered a material agreementNov 13, 2023
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Corporate family
Spin-offs from CARROLS RESTAURANT GROUP, INC. (1)
- Fiesta Restaurant Group, Inc.completedMay 7, 2012details
From the spin-off filings we track. Follow a company to walk its own history.