Financials in USD. Standardized financial statements.
A compact view of how Restaurant Brands International Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $9.43B | $8.41B | $7.02B | $6.50B | $5.74B | $4.97B | $5.60B | $5.36B | $4.58B | $4.15B |
| Revenue Growth? | +12.2% | +19.7% | +7.9% | +13.3% | +15.5% | -11.3% | +4.6% | +17.1% | +10.4% | 0.0% |
| Cost of Revenue? | $5.56B | $5.38B | $4.22B | $3.91B | $3.37B | $3.00B | $3.21B | $2.24B | $2.33B | $2.18B |
| Gross Profit? | $3.88B | $3.02B | $2.80B | $2.60B | $2.37B | $1.97B | $2.39B | $3.12B | $2.25B | $1.97B |
| Gross Margin? | +41.1% | +36.0% | +39.9% | +39.9% | +41.4% | +39.7% | +42.7% | +58.2% | +49.1% | +47.4% |
| Operating Expenses? | $1.64B | $605.00M | $751.00M | $700.00M | $495.00M | $551.00M | $385.00M | $1.20B | $513.00M | $298.00M |
| Operating Income? | $2.24B | $2.42B | $2.05B | $1.90B | $1.88B | $1.42B | $2.01B | $1.92B | $1.74B | $1.67B |
| EBITDA? | $2.42B | $2.66B | $2.24B | $2.07B | $2.04B | $1.50B | $2.16B | $2.08B | $1.79B | $1.80B |
| Income Before Tax | $1.68B | $1.81B | $1.45B | $1.36B | $1.36B | $816.00M | $1.45B | $1.38B | $1.10B | $1.20B |
| Income Tax Expense | $483.00M | $364.00M | -$265.00M | -$117.00M | $110.00M | $66.00M | $341.00M | $238.00M | -$134.00M | $244.00M |
| Net Income? | $776.00M | $1.02B | $1.19B | $1.01B | $838.00M | $486.00M | $643.00M | $612.00M | $648.00M | $616.00M |
| EPS? | $2.36 | $3.21 | $3.82 | $3.28 | $2.71 | $1.61 | $2.40 | $2.46 | $2.64 | $1.48 |
| Diluted EPS? | $2.35 | $3.18 | $3.76 | $3.25 | $2.69 | $1.60 | $2.37 | $2.42 | $2.54 | $1.45 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality