Restaurant Brands International Inc. logo QSR - Restaurant Brands International Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 27
HOLD 15
SELL 2
STRONG
SELL 0
| PRICE TARGET: $83.73 DETAILS
HIGH: $92.00
LOW: $71.00
MEDIAN: $84.00
CONSENSUS: $83.73
UPSIDE: 11.08%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Revenue
Revenue 9,434 8,406 7,022 6,505 5,739 4,968 5,603 5,357 4,576 4,146 4,052.2 1,198.8 1,146.3 1,970.9
Cost of Revenue 5,558 5,382 4,220 3,907 3,365 2,995 3,211 2,240 2,328 2,181 2,312.7 335.4 347.7 1,152.3
Gross Profit 3,876 3,024 2,802 2,598 2,374 1,973 2,392 3,117 2,248 1,965 1,739.5 863.4 798.6 818.6
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 713 691 647 561 450 388 387 1,139 329 281 304 206.4 204.8 272.8
Other Expenses 925 (86) 104 139 45 163 (2) 61 184 17 243.3 475.9 71.6 128.1
Operating Expenses 1,638 605 751 700 495 551 385 1,200 513 298 547.3 682.3 276.4 400.9
Operating Income
Operating Income 2,238 2,419 2,051 1,898 1,879 1,422 2,007 1,917 1,735 1,667 1,192.2 181.1 522.2 417.7
Interest Expense 516 804 766 542 428 484 596 591 507.6 449.7 470.5 276.8 196.5 221.7
Interest Income 28 39 40 7 3 9 20 15 26.4 4.1 4.2 3.7 2.6 1.1
Profitability
EBITDA 2,424 2,664 2,239 2,067 2,045 1,496 2,160 2,083 1,788 1,804 1,303.5 86.5 578.6 482.9
EBIT 2,200 2,400 2,048 1,877 1,844 1,307 1,975 1,903 1,606 1,632 1,121.5 17.7 512.8 368.7
Income Before Tax 1,684 1,809 1,453 1,365 1,363 816 1,452 1,382 1,101 1,200 673.9 (254) 322.2 159.7
Income Tax Expense 483 364 (265) (117) 110 66 341 238 (134) 244 162.2 15.3 88.5 42
Net Income 776 1,021 1,190 1,008 838 486 643 612 648 616 375.1 161.4 233.7 117.7
Per Share Data
EPS (Basic) 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) 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 334 319 312 307 310 302 268 249 237 232.9 203.5 343.7 351 349.7
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Current Assets
Cash & Cash Equivalents 1,163 1,334 1,139 1,178 1,087 1,560 1,533 913 1,097 1,460.4
Short-Term Investments 0 0 0 0 0 0 0 0 0 0
Net Receivables 794 698 749 614 547 536 527 452 489 403.5
Inventory 205 142 166 133 96 96 84 75 78 71.8
Other Current Assets 668 108 119 123 0 0 0 0 0 57.7
Total Current Assets 2,830 2,282 2,173 2,048 1,816 2,264 2,196 1,500 1,750 2,097
Non-Current Assets
Property, Plant & Equipment 4,264 4,088 3,074 3,032 3,165 3,183 3,183 1,996 2,133.3 2,054.7
Goodwill 6,306 5,986 5,775 5,688 6,006 5,739 5,651 5,486 5,782.3 4,675.1
Intangible Assets 11,190 10,922 11,107 10,991 11,417 10,701 10,563 10,463 11,062.2 9,228
Long-Term Investments 169 390 360 607 324 271 0 0 0 0
Other Non-Current Assets 856 964 902 380 518 619 767 696 497 1,070.1
Total Non-Current Assets 22,785 22,350 21,218 20,698 21,430 20,513 20,164 18,641 19,474 17,027.9
Total Assets 25,615 24,632 23,391 22,746 23,246 22,777 22,360 20,141 21,224 19,124.9
Current Liabilities
Account Payables 866 765 790 758 614 464 644 513 496 369.8
Short-Term Debt 268 222 101 127 96 79 101 91 78 93.9
Deferred Revenue 77 307 325 273 269 233 203 194 258 249.1
Other Current Liabilities 1,054 159 165 153 189 90 65 80 90 163.9
Total Current Liabilities 2,891 2,364 2,144 2,116 1,878 1,601 1,703 1,408 1,655 1,210.7
Non-Current Liabilities
Long-Term Debt 15,150 13,455 12,854 12,839 12,916 12,397 11,759 11,823 11,801 8,410.2
Deferred Tax Liabilities 1,120 1,208 1,296 1,313 1,374 1,425 1,564 1,519 1,508 1,715.1
Other Non-Current Liabilities (1,428) 105 342 238 1,189 1,599 1,029 847 1,166 482
Total Non-Current Liabilities 17,565 17,425 16,517 16,362 17,515 17,455 16,398 15,115 15,008 11,128.6
Total Liabilities 20,456 19,789 18,661 18,478 19,393 19,056 18,101 16,523 16,663 12,339.3
Stockholders' Equity
Common Stock 2,859 2,357 1,973 2,057 2,156 2,399 2,478 1,737 2,052 1,955.1
Retained Earnings 1,795 1,860 1,599 1,121 791 622 775 674 651 445.7
Accumulated Other Comprehensive Income (1,020) (1,107) (706) (679) (710) (854) (763) (800) (476) (698.3)
Total Stockholders' Equity 3,634 3,110 2,866 2,499 2,237 2,167 2,490 1,611 2,226.4 4,999.5
Total Liabilities & Equity 25,615 24,632 23,391 22,746 23,246 22,777 22,360 20,141 21,223.5 19,124.9
Debt Metrics
Total Debt 17,579 15,956 14,515 14,491 14,620 14,123 13,466 12,332 12,375 8,998.3
Net Debt 16,416 14,622 13,376 13,313 13,533 12,563 11,933 11,419 11,278 7,537.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Operating Activities
Net Income 1,075 1,021 1,190 1,482 1,253 750 1,111 1,144 1,235.3 955.9
Depreciation & Amortization 301 264 194.5 190 201 189 185 180 181.1 172.1
Stock-Based Compensation 151 172 194 136 102 84 68 48 48.3 35.1
Change in Working Capital (112) (109) (269) (310) 158 (194) 131 (123) 394 2.4
Other Non-Cash Items 202 160 451.4 52 17 300 (77) (113) 265.7 23.4
Operating Cash Flow 1,714 1,503 1,323 1,490 1,726 921 1,476 1,165 1,382 1,269
Investing Activities
Capital Expenditure (265) (201) (120) (100) (106) (117) (62) (86) (36.7) (33.7)
Acquisitions (152) (540) 0 (12) (1,004) 0 0 8 (1,635.9) 30
Purchases of Investments 0 0 0 (71) 0 0 0 0 0 0
Sales/Maturities of Investments 0 74 112 71 5 33 24 33 788.2 28
Other Investing Activities 18 7 19 48 2 5 8 1 26.6 2.6
Investing Cash Flow (399) (660) 11 (64) (1,103) (79) (30) (44) (857.8) 26.9
Financing Activities
Net Debt Issuance (427) 260 (37) (92) 446 527 (16) 1 3,108 (70)
Stock Repurchased 0 0 (500) (326) (551) (380) 0 (621) (330.2) 0
Dividends Paid (1,108) (1,029) (990) (971) (974) (1,009.7) (901) (728) (663.5) (538.1)
Other Financing Activities 66 66 93 31 (74) (40.3) (27) 2 (3,078.2) 3.5
Financing Cash Flow (1,436) (625) (1,374) (1,307) (1,093) (821) (842) (1,285) (935.2) (590.9)
Cash Position
Net Change in Cash (171) 195 (39) 91 (473) 27 620 (184) (387) 702.6
Cash at Beginning 1,334 1,139 1,178 1,087 1,560 1,533 913 1,097 1,460.4 757.8
Cash at End 1,163 1,334 1,139 1,178 1,087 1,560 1,533 913 1,073.4 1,460.4
Free Cash Flow 1,449 1,302 1,203 1,390 1,620 804 1,414 1,079 1,345.3 1,235.3
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Income Statement
Revenue 9,434 8,406 7,022 6,505 5,739 4,968 5,603 5,357 4,576 4,146 4,052.2 1,198.8 1,146.3 1,970.9
Gross Profit 3,876 3,024 2,802 2,598 2,374 1,973 2,392 3,117 2,248 1,965 1,739.5 863.4 798.6 818.6
Operating Income 2,238 2,419 2,051 1,898 1,879 1,422 2,007 1,917 1,735 1,667 1,192.2 181.1 522.2 417.7
Net Income 776 1,021 1,190 1,008 838 486 643 612 648 616 375.1 161.4 233.7 117.7
EPS (Diluted) 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
Balance Sheet
Cash & Equivalents 1,163 1,334 1,139 1,178 1,087 1,560 1,533 913 1,097 1,460.4
Total Assets 25,615 24,632 23,391 22,746 23,246 22,777 22,360 20,141 21,224 19,124.9
Total Debt 17,579 15,956 14,515 14,491 14,620 14,123 13,466 12,332 12,375 8,998.3
Stockholders' Equity 3,634 3,110 2,866 2,499 2,237 2,167 2,490 1,611 2,226.4 4,999.5
Cash Flow
Operating Cash Flow 1,714 1,503 1,323 1,490 1,726 921 1,476 1,165 1,382 1,269
Capital Expenditure (265) (201) (120) (100) (106) (117) (62) (86) (36.7) (33.7)
Free Cash Flow 1,449 1,302 1,203 1,390 1,620 804 1,414 1,079 1,345.3 1,235.3