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QSR · Restaurant Brands International Inc.

$74.87 +0.46 (+0.62%) At close · Jul 28
Market Cap
$33.96B
Shares
456.34M

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue
$9.43B +12.2%
FY2025 Revenue FY2012–FY2025
Net Income
$1.08B -25.6%
FY2025 Net Income FY2012–FY2025
Gross Margin
68.94% +4.1pp
FY2014 Gross Margin FY2012–FY2014
Operating Margin
23.34% -5.4pp
FY2025 Operating Margin FY2012–FY2025
Diluted EPS
$2.35 -26.1%
FY2025 Diluted EPS FY2012–FY2025
Operating Cash Flow
$1.71B +14%
FY2025 Operating Cash Flow FY2012–FY2025

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

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012
$9.59B $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
$845M $832M $837M $851M $813M $793M $718M $833M $744M $765M $753M $760.2M $242.7M $213.7M $151.3M
$2.49B $2.44B $2.31B $1.89B $1.61B $1.81B $1.82B $1.85B $1.73B $1.81B $156.4M $195.3M $1.04B
$826.5M $743.1M $727.4M
68.94% 64.83% 36.91%
$730M $741M $733M $704M $631M $484M $407M $406M
$1.26B $1.26B $1.21B $416M $319M $437.7M $345.4M $242.4M $347.6M
$69M $69M $58M $37M $39M $41M $43M $44M $70M $72M $72M $78.3M $35.9M $36.3M $38.2M
$308M $301M $264M $191M $190M $201M $189M $185M $180M $182M $172M $182M $68.8M $65.8M $114.2M
$7.22B $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
$2.37B $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
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%
$2.68B $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
$29M $31M $39M $40M $7M $3M $9M $20M $15M $26M $4M $4.2M $3.7M
$8M $11M $69M $8M -$44M -$4M -$39M $11M $22M $12M $20M -$4.1M -$9.5M -$12.7M -$4.1M
$1.86B $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
$439M $483M $364M -$265M -$117M $110M $66M $341M $238M -$134M $244M $162.2M $15.3M $88.5M $42M
$1.3B $1.08B $1.45B $1.72B $1.48B $1.25B $750M $1.11B $1.14B $1.24B $956M $511.7M $161.4M $233.7M $117.7M
11.39% 17.19% 24.47% 22.78% 21.83% 15.1% 19.83% 21.36% 26.99% 23.06% 12.63% 13.46% 20.39% 5.97%
$344M $299M $424M $528M $474M $415M $264M $468M $532M $587M $340M $136.6M -$430.7M
$955M $776M $1.02B $1.19B $1.01B $838M $486M $643M $612M $626M $346M $103.9M -$398.8M $233.7M $117.7M
$1.07B $915M $636M $1.18B $1.04B $1.01B $429M $799M $315M -$426M -$674.7M $398.6M $120.7M
USD/shares $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
USD/shares $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 329M 319M 312M 307M 310M 302M 268M 249M 237M 233M 203.5M 343.7M 351M 349.7M
shares 457M 454M 456M 455M 464M 468M 469M 473M 477M 470M 476M 358.2M 357.8M 354.1M
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.

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
Peer median 6.53×
EV/EBIT
P/E (TTM)
26.29×
Peer median 25.90×

Peer medians compare against the 14 similar-size Restaurants companies (of 40 listed).

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) 153 filings 130 filers Visit website Investor relations