QSR · Restaurant Brands International Inc. · Financials

$73.68 -0.80 (-1.07%)

Russell 1000 member Rebalance outlook locked

Market Cap

$33.85B

454.51M

Volume · Oct 27 284.61K Avg daily vol (3M) 2.82M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Pull these statements through the financial statements API or MCP →

Revenue

$9.43B +12.2%

FY2025

Net Income

$1.08B -25.6%

FY2025

Gross Margin

65.32% +0.9pp

FY2023

Operating Margin

23.34% -5.4pp

FY2025

Diluted EPS

$2.35 -26.1%

FY2025

Operating Cash Flow

$1.71B +14%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow Adjusted All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
Revenue	+13.2%	+13.7%	+8.8%	$9.7B	$9.43B	$8.41B	$7.02B	$6.51B	$5.74B	$4.97B	$5.6B	$5.36B	$4.58B	$4.15B	$4.05B	$1.2B	$1.15B	$1.97B
Rental Income	+0.8%	+3.0%	+0.9%	$848M	$832M	$837M	$851M	$813M	$793M	$718M	$833M	$744M	$765M	$753M	$760.2M	$242.7M	$213.7M	$151.3M
Cost of Revenue	—	—	—	—	—	—	$2.44B	$2.31B	$1.89B	$1.61B	$1.81B	$1.82B	$1.85B	$1.73B	$1.81B	$156.4M	$195.3M	$1.04B
Gross Profit	—	—	—	—	—	—	$4.59B^d	$4.19B^d	$3.85B^d	$3.36B^d	$3.79B^d	$3.54B^d	$2.73B^d	$2.42B^d	$2.24B^d	$826.5M	$743.1M	$727.4M
Gross Margin	—	—	—	—	—	—	65.32%^d	64.46%^d	67.07%^d	67.59%^d	67.64%^d	66.06%^d	59.57%^d	58.35%^d	55.35%^d	68.94%	64.83%	36.91%
General & Administrative	+5.5%	+12.7%	—	$723M	$741M	$733M	$704M	$631M	$484M	$407M	$406M	—	—	—	—	—	—	—
Selling, General & Administrative	—	—	—	—	—	—	—	—	—	$1.26B	$1.26B	$1.21B	$416M	$319M	$437.7M	$345.4M	$242.4M	$347.6M
Amortization of Intangibles	+20.9%	+9.9%	-1.3%	$68M	$69M	$58M	$37M	$39M	$41M	$43M	$44M	$70M	$72M	$72M	$78.3M	$35.9M	$36.3M	$38.2M
Depreciation & Amortization	+16.6%	+9.8%	+5.2%	$308M	$301M	$264M	$191M	$190M	$201M	$189M	$185M	$180M	$182M	$172M	$182M	$68.8M	$65.8M	$114.2M
Total Costs & Expenses	+16.2%	+15.3%	+9.7%	$7.09B	$7.23B	$5.99B	$4.97B	$4.61B	$3.86B	$3.55B	$3.6B	$3.44B	$2.84B	$2.48B	$2.86B	$1.02B	$624.1M	$1.55B
Operating Income	+5.1%	+9.1%	+6.3%	$2.61B	$2.2B	$2.42B	$2.05B	$1.9B	$1.88B	$1.42B	$2.01B	$1.92B	$1.74B	$1.67B	$1.19B	$181.1M	$522.2M	$417.7M
Operating Margin	—	—	—	—	23.34%	28.78%	29.21%	29.18%	32.74%	28.62%	35.82%	35.78%	37.92%	40.21%	29.42%	15.11%	45.56%	21.19%
EBITDA	+6.2%	+9.2%	+6.2%	$2.91B	$2.5B	$2.68B	$2.24B	$2.09B	$2.08B	$1.61B	$2.19B	$2.1B	$1.92B	$1.84B	$1.37B	$249.9M	$588M	$531.9M
Interest Income	+64.2%	+28.1%	+22.1%	$28M	$31M	$39M	$40M	$7M	$3M	$9M	$20M	$15M	$26M	$4M	$4.2M	$3.7M	—	—
Equity in Earnings of Unconsolidated Entities	—	—	—	$5M	$11M	$69M	$8M	-$44M	-$4M	-$39M	$11M	$22M	$12M	$20M	-$4.1M	-$9.5M	-$12.7M	-$4.1M
Pretax Income	+7.3%	+15.6%	+9.6%	$2.1B	$1.68B	$1.81B	$1.45B	$1.37B	$1.36B	$816M	$1.45B	$1.38B	$1.1B	$1.2B	$673.9M	-$254M	$322.2M	$159.7M
Income Tax	—	+48.9%	+11.5%	$279M	$483M	$364M	-$265M	-$117M	$110M	$66M	$341M	$238M	-$134M	$244M	$162.2M	$15.3M	$88.5M	$42M
Net Income	-10.1%	+7.5%	+7.7%	$1.7B	$1.08B	$1.45B	$1.72B	$1.48B	$1.25B	$750M	$1.11B	$1.14B	$1.24B	$956M	$511.7M	$158M	$233.7M	$117.7M
Net Margin	—	—	—	—	11.39%	17.19%	24.47%	22.78%	21.83%	15.1%	19.83%	21.36%	26.99%	23.06%	12.63%	13.18%	20.39%	5.97%
Net Income Attributable to Noncontrolling Interests	-14.2%	+2.5%	+8.1%	$428M	$299M	$424M	$528M	$474M	$415M	$264M	$468M	$532M	$587M	$340M	$136.6M	-$430.7M	—	—
Net Income Available to Common Stockholders	-8.3%	+9.8%	+22.3%	$1.27B	$776M	$1.02B	$1.19B	$1.01B	$838M	$486M	$643M	$612M	$626M	$346M	$103.9M	-$398.8M	$233.7M	$117.7M
Comprehensive Income	-4.3%	+16.4%	—	$1.08B	$915M	$636M	$1.18B	$1.04B	$1.01B	$429M	$799M	$315M	$1.71B	$1.07B	-$426M	-$674.7M	$398.6M	$120.7M
EPS (Basic) USD/shares	-10.4%	+7.9%	+16.6%	$3.73	$2.36	$3.21	$3.82	$3.28	$2.71	$1.61	$2.40	$2.46	$2.64	$1.48	$0.51	-$1.16	$0.67	$0.34
EPS (Diluted) USD/shares	-10.2%	+8.0%	+16.7%	$3.71	$2.35	$3.18	$3.76	$3.25	$2.69	$1.60	$2.37	$2.42	$2.54	$1.45	$0.50	-$2.32	$0.65	$0.33
Shares Outstanding (Basic Avg) shares	+2.3%	+1.7%	+4.9%	—	329M	319M	312M	307M	310M	302M	268M	249M	237M	233M	203.5M	343.7M	351M	349.7M
Shares Outstanding (Diluted Avg) shares	+0.1%	-0.5%	-0.4%	—	457M	454M	456M	455M	464M	468M	469M	473M	477M	470M	476M	358.2M	357.8M	354.1M

^d Gross profit for periods the company did not report it, or tagged its operating income as gross profit, is Revenue − Cost of Revenue. Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2012–FY2025: $1.38B in buybacks, $9.43B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balance	As of	Amount	Source
Current long-term debt and lease obligations	2026-06-30	USD 82,000,000	10-Q filed 2026-08-06
Current operating lease liabilities	2026-06-30	USD 212,000,000	10-Q filed 2026-08-06
Long-term debt, including current maturities	2026-06-30	USD 13,254,000,000	10-Q filed 2026-08-06
Related accounting measures — not additional borrowing Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year. Current portion of long-term debt USD 48,000,000 Noncurrent debt carrying amount USD 13,206,000,000
Noncurrent finance lease liabilities	2026-06-30	USD 243,000,000	10-Q filed 2026-08-06
Noncurrent operating lease liabilities	2026-06-30	USD 1,908,000,000	10-Q filed 2026-08-06

Instrument and agreement coverage is incomplete. Additional filings are awaiting review.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

4.75×

Peer median 3.29×

EV/EBIT

17.67×

Peer median 18.05×

P/E (TTM)

20.08×

Peer median 20.85×

EV/Adj. EBITDA (FY2026)

15.18×

Peer median 13.35×

Peer medians compare against the 14 similar-size Restaurants companies (of 50 listed).

EV/Adj. EBITDA uses the company-stated “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Tim Hortons	$4,247,000,000	$4,040,000,000	$3,972,000,000	$3,801,000,000	$3,331,000,000	$2,810,000,000	$3,344,000,000	$3,292,000,000
Restaurant Holdings	$1,840,000,000	$1,116,000,000	—	—	—	—	—	—
Burger King	$1,316,000,000	$1,333,000,000	$1,297,000,000	$1,196,000,000	$1,156,000,000	$1,602,000,000	$1,777,000,000	$1,651,000,000
International Segment	$998,000,000	$935,000,000	$874,000,000	$751,000,000	$688,000,000	—	—	—
Popeyes Louisiana Kitchen	$800,000,000	$768,000,000	$692,000,000	$619,000,000	$559,000,000	$556,000,000	$482,000,000	$414,000,000
Firehouse Subs	$232,000,000	$214,000,000	$187,000,000	$138,000,000	$5,000,000	$0	$0	—

By Geography (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
United States	$4,557,000,000	$3,783,000,000	$2,518,000,000	$2,270,000,000	$2,003,000,000	$1,889,000,000	$1,930,000,000	$1,785,000,000
Canada	$3,846,000,000	$3,684,000,000	$3,630,000,000	$3,484,000,000	$3,048,000,000	$2,546,000,000	$3,037,000,000	$2,984,000,000
Others	$1,031,000,000	$939,000,000	$874,000,000	$751,000,000	$688,000,000	$533,000,000	$636,000,000	$588,000,000

By Product & Service (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Royalty Property Revenue and Franchisor	$2,960,000,000	$2,919,000,000	$2,903,000,000	$2,661,000,000	$2,443,000,000	$2,121,000,000	$2,381,000,000	$3,002,000,000
Royalty	$1,977,000,000	$1,940,000,000	$1,920,000,000	$1,737,000,000	$1,561,000,000	$1,327,000,000	$1,459,000,000	$2,165,000,000
Advertising	$1,217,000,000	$1,187,000,000	$1,169,000,000	$1,025,000,000	$918,000,000	$834,000,000	$860,000,000	—
Franchisor	$151,000,000	$142,000,000	$132,000,000	$111,000,000	$89,000,000	$76,000,000	$89,000,000	$93,000,000
Product	—	—	$2,950,000,000	$2,819,000,000	$2,378,000,000	$2,013,000,000	$2,362,000,000	$2,355,000,000

Key facts CIK 1618756 CUSIP 76131D103 13F (30d) 129 filings 122 filers Visit website Investor relations