Restaurant Brands International financials
$71.48+0.07%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.43B | $8.41B | $7.02B | $6.50B | $5.74B | $4.97B | $5.60B | $5.36B | $4.58B | $4.15B |
| Gross profit | $5.10B | $4.90B | $4.59B | $3.67B | $3.85B | $2.84B | $3.26B | $3.12B | $2.25B | $1.97B |
| Gross margin | 54.1% | 58.3% | 65.3% | 56.5% | 67.1% | 57.2% | 58.1% | 58.2% | 49.1% | 47.4% |
| Operating income | $2.45B | $2.29B | $2.10B | $1.94B | $1.88B | $1.46B | $2.00B | $1.90B | $1.72B | $1.65B |
| Net income | $776.0M | $1.02B | $1.19B | $1.01B | $838.0M | $486.0M | $643.0M | $612.0M | $626.0M | $346.0M |
| Net margin | 8.2% | 12.1% | 16.9% | 15.5% | 14.6% | 9.8% | 11.5% | 11.4% | 13.7% | 8.3% |
| Diluted EPS | $2.35 | $3.18 | $3.76 | $3.25 | $2.69 | $1.60 | $2.37 | $2.42 | $2.54 | $1.45 |
| EBITDA | $2.75B | $2.56B | $2.29B | $2.13B | $2.08B | $1.65B | $2.18B | $2.08B | $1.91B | $1.82B |
| Operating cash flow | $1.71B | $1.50B | $1.32B | $1.49B | $1.73B | $921.0M | $1.48B | $1.17B | $1.39B | $1.25B |
| Free cash flow | $1.45B | $1.30B | $1.20B | $1.39B | $1.62B | $804.0M | $1.41B | $1.08B | $1.35B | $1.22B |
| Diluted shares | 457.0M | 454.0M | 456.0M | 455.0M | 464.0M | 468.0M | 469.0M | 473.0M | 477.0M | 470.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.16B | $1.33B | $1.14B | $1.18B | $1.09B | $1.56B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $13.58B | $13.96B | $13.27B | $13.28B | $13.35B | $12.82B |
| Total assets | $25.61B | $24.63B | $23.39B | $22.75B | $23.25B | $22.78B |
| Total liabilities | $20.46B | $19.79B | $18.66B | $18.48B | $19.39B | $19.06B |
| Shareholders' equity | $5.16B | $4.84B | $4.73B | $4.27B | $3.85B | $3.72B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology