ARCO
$7.95-1.36%
Arcos Dorados Holdings Inc.Stock · Consumer Discretionary
ARCO financial statements
The full income statement, balance sheet, and cash-flow statement for Arcos Dorados Holdings Inc. (ARCO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2018-12 205.2M2019-12 204.1M2020-12 207.3M2021-12 210.5M2022-12 210.6M2023-12 210.7M2024-12 210.7M2025-09 210.7M2025-12 210.7M+2.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 4.68B+4.7% | 4.47B+3.2% | 4.33B+19.7% | 3.62B+36.1% | 2.66B+34.1% | |
| Cost of revenue | 89.5M+7.0% | 83.7M+0.4% | 83.4M+22.5% | 68.0M+34.4% | 50.6M+16.4% | |
| Selling, general & administrative | 313M+11.8% | 280M-1.8% | 285M+19.1% | 239M+13.4% | 211M+23.1% | |
| General & administrative | 313M+11.8% | 280M-1.8% | 285M+19.1% | 239M+13.4% | 211M+23.1% | |
| Restructuring | 8.72M | 0.00 | 0.00 | — | — | |
| Amortization of intangibles | 30.4M+27.6% | 23.8M+27.5% | 18.7M+49.5% | 12.5M+14.3% | 10.9M-7.5% | |
| Operating income | 364M+12.3% | 325M+3.3% | 314M+18.8% | 264M+89.5% | 140M+309.0% | |
| Interest expense | 13.7M-71.1% | 47.2M+46.4% | 32.3M-26.2% | 43.8M-11.7% | 49.5M+48.4% | |
| Other non-operating income | -1.48M+61.7% | -3.87M-212.8% | -1.24M-331.4% | -287K-113.1% | 2.19M-4.8% | |
| Pre-tax income | 341M+31.6% | 259M-6.8% | 278M+22.8% | 226M+191.0% | 77.8M+159.0% | |
| Income tax | 129M+17.1% | 110M+14.8% | 95.7M+12.0% | 85.5M+167.7% | 31.9M+82.1% | |
| 212M+42.6% | 149M-17.9% | 181M+29.2% | 140M+208.5% | 45.5M+130.4% | ||
| Net income to non-controlling interest | 468K-24.5% | 620K-45.7% | 1.14M+97.7% | 577K+57.2% | 367K+464.6% | |
| $1.01+42.3% | $0.71-17.4% | $0.86+28.4% | $0.67+204.5% | $0.22+130.6% | ||
| EPS (basic) | $1.01+42.3% | $0.71-17.4% | $0.86+28.4% | $0.67+204.5% | $0.22+130.6% | |
| Weighted-avg shares (basic) | 211M+0.0% | 211M+0.0% | 211M+0.0% | 211M+0.1% | 210M+1.0% | |
| Weighted-avg shares (diluted) | 211M+0.0% | 211M+0.0% | 211M+0.0% | 211M+0.0% | 211M+0.9% | |
| Dividends per share | $0.24+0.0% | $0.24+26.3% | $0.19+26.7% | $0.15+150241.7% | $0.00-99.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 852M+81.9% | 468M-22.6% | 605M-11.6% | 684M+26.7% | 540M+30.0% | ||
| Cash & equivalents | 373M+176.5% | 135M-31.3% | 197M-26.3% | 267M-4.3% | 279M+68.0% | |
| Short-term investments | 48.9M+1285.9% | 3.53M-93.0% | 50.1M+33.8% | 37.5M | 0.00 | |
| Inventory | 66.4M+28.5% | 51.6M-2.2% | 52.8M+5.5% | 50.1M+32.5% | 37.8M+12.5% | |
| Prepaid expenses | 104M-10.3% | 116M-2.6% | 119M-0.8% | 120M+0.6% | 119M+18.7% | |
| Other current assets | 234K-67.0% | 710K-40.7% | 1.20M-16.6% | 1.44M+19.2% | 1.21M+48.4% | |
| 3.89B+34.3% | 2.89B-4.2% | 3.02B+14.5% | 2.64B+11.7% | 2.36B+2.9% | ||
| Property, plant & equipment | 1.31B+16.1% | 1.13B+0.6% | 1.12B+30.8% | 856M+15.1% | 744M-6.7% | |
| Operating lease right-of-use | 1.13B+19.3% | 950M-0.5% | 955M+16.3% | 821M+7.5% | 764M-3.5% | |
| Goodwill | 16.6M+24.5% | 13.3M+12.1% | 11.9M+64.6% | 7.23M+38.7% | 5.21M-7.0% | |
| Intangible assets | 132M+148.3% | 53.3M-8.3% | 58.1M+22.8% | 47.3M+40.9% | 33.6M+6.8% | |
| Deferred tax assets | 104M+15.5% | 90.3M-8.0% | 98.2M+11.6% | 88.0M+29.7% | 67.8M+22.0% | |
| Other non-current assets | 252M+168.8% | 93.6M-10.2% | 104M+27.6% | 81.7M+14.3% | 71.4M-1.1% | |
| Total non-current assets | 3.03B+25.1% | 2.42B+0.4% | 2.41B+23.6% | 1.95B+7.2% | 1.82B-3.0% | |
| 829M+8.2% | 766M-9.0% | 842M+10.8% | 759M+22.9% | 618M+22.7% | ||
| Accounts payable | 357M+2.5% | 348M-7.2% | 375M+6.1% | 353M+31.3% | 269M+28.5% | |
| Accrued liabilities | 145M+28.4% | 113M-20.5% | 142M+23.6% | 115M+28.3% | 89.9M+13.5% | |
| Deferred revenue | 16.6M+142.9% | 6.82M+331.2% | 1.58M | — | — | |
| Short-term & current debt | 11.8M+348.8% | 2.62M+45.5% | 1.80M-90.5% | 19.0M+301.5% | 4.74M+51.5% | |
| Current lease liability | 107M+15.8% | 92.3M-1.3% | 93.5M+12.8% | 82.9M+4.8% | 79.1M+39.2% | |
| Other current liabilities | 7.26M+4.0% | 6.98M-2.0% | 7.13M-1.7% | 7.25M+8.2% | 6.70M+50.3% | |
| 3.11B+30.7% | 2.38B-4.8% | 2.50B+8.2% | 2.31B+8.0% | 2.14B+2.1% | ||
| Long-term debt | 1.13B+57.3% | 716M+0.4% | 713M+0.2% | 712M-3.7% | 739M-4.4% | |
| Deferred revenue (non-current) | 5.97M+14.6% | 5.21M | — | — | — | |
| Non-current lease liability | 1.00B+17.9% | 849M-0.5% | 853M+14.1% | 748M+5.7% | 707M-6.0% | |
| Operating lease liability (total) | 1.11B+17.7% | 941M-0.5% | 947M+14.0% | 831M+5.6% | 786M-2.9% | |
| Finance lease liability (total) | 11.7M+28.4% | 9.09M+6.9% | 8.50M+68.9% | 5.03M-18.0% | 6.14M+3.3% | |
| Deferred tax liabilities | 2.76M+32.3% | 2.08M+78.7% | 1.17M-70.3% | 3.93M-45.2% | 7.17M+41.5% | |
| Other non-current liabilities | 610K | 0.00 | 0.00-100.0% | 291K-77.5% | 1.29M-48.0% | |
| Total non-current liabilities | 2.28B+41.3% | 1.62B-2.6% | 1.66B+7.0% | 1.55B+2.0% | 1.52B-4.4% | |
| 770M+51.6% | 508M-1.4% | 515M+59.2% | 324M+46.8% | 220M+11.6% | ||
| Additional paid-in capital | 8.66M+0.0% | 8.66M-0.7% | 8.72M-5.3% | 9.21M-8.9% | 10.1M-12.5% | |
| Retained earnings | 826M+24.3% | 664M+17.3% | 566M+33.2% | 425M+34.4% | 316M+8.7% | |
| Treasury stock | 19.4M+0.0% | 19.4M+0.0% | 19.4M+0.0% | 19.4M+0.0% | 19.4M-51.0% | |
| Accumulated other comprehensive income | -568M+15.1% | -668M-18.7% | -563M+8.2% | -613M-0.9% | -608M-3.9% | |
| Non-controlling interest | 1.65M+22.2% | 1.35M-13.4% | 1.56M+93.8% | 804K+9.8% | 732K+55.7% | |
| Total equity incl. non-controlling | 772M+51.6% | 509M-1.4% | 517M+59.3% | 324M+46.7% | 221M+11.7% | |
| Total liabilities & equity | 3.89B+34.3% | 2.89B-4.2% | 3.02B+14.5% | 2.64B+11.7% | 2.36B+2.9% | |
| Common shares issued | 211M+0.0% | 211M+0.0% | 211M+0.0% | 211M+0.1% | 210M+1.5% | |
| Common shares outstanding | 211M+0.0% | 211M+0.0% | 211M | — | 210M+1.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 296M+11.1% | 267M-30.1% | 382M+10.6% | 345M+33.9% | 258M+1516.2% | ||
| Depreciation & amortization | 197M+11.2% | 177M+18.8% | 149M+24.6% | 120M-0.5% | 120M-5.1% | |
| Intangible amortization | 30.4M+27.6% | 23.8M+27.5% | 18.7M+49.5% | 12.5M+14.3% | 10.9M-7.5% | |
| Deferred income taxes | -4.85M+57.4% | -11.4M-164.2% | -4.31M+72.1% | -15.4M+3.8% | -16.1M-3511.0% | |
| Change in inventory | 9.29M+118.5% | 4.25M+188.0% | -4.83M-179.9% | 6.04M | — | |
| Other operating activities | 10.9M+1828.0% | 567K+357.7% | -220K+93.8% | -3.52M-310.3% | -858K-134.0% | |
| -335M-19.5% | -280M+26.3% | -380M-46.5% | -260M-139.8% | -108M-22.1% | ||
| Capital expenditure | 281M-14.1% | 328M-9.0% | 360M+65.9% | 217M+88.8% | 115M+33.2% | |
| Free cash flow | 15.0M+124.7% | -60.8M-378.0% | 21.9M-83.0% | 128M-10.3% | 143M+303.3% | |
| Acquisitions | 7.06M+16.0% | 6.08M+192.3% | 2.08M-56.6% | 4.80M+2494.6% | 185K-95.2% | |
| Proceeds from sale of PP&E | 2.57M-68.7% | 8.21M+223.2% | 2.54M-6.4% | 2.71M+36.6% | 1.99M+148.4% | |
| Other investing activities | 3.69M+294.7% | 936K+28.7% | 727K+214.5% | -635K+87.1% | -4.92M-670.8% | |
| 289M+877.0% | -37.2M-214.3% | -11.8M+80.3% | -60.0M-234.6% | -17.9M-114.2% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net short-term debt | — | — | 29.4M+8085.0% | 359K | 0.00+100.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 50.6M+0.0% | 50.6M+26.3% | 40.0M+26.7% | 31.6M+150314.3% | 21.0K-99.8% | |
| Other financing activities | -7.14M-34.1% | -5.33M-6.0% | -5.03M+27.8% | -6.96M-75.1% | -3.98M+9.3% | |
| FX effect on cash | -11.7M-6.8% | -11.0M+81.8% | -60.1M-59.3% | -37.7M-98.5% | -19.0M-107.4% | |
| Net change in cash | 238M+487.0% | -61.6M+12.3% | -70.3M-490.9% | -11.9M-110.5% | 113M+155.8% | |
| Interest paid | 59.4M+14.1% | 52.0M+9.5% | 47.5M-15.7% | 56.4M+7.2% | 52.6M-7.9% | |
| Income taxes paid | 116M-3.9% | 121M+66.1% | 72.8M-7.8% | 78.9M+128.5% | 34.5M+53.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.55B+0.8% | 1.53B-42.6% | 2.67B+51.9% | 1.76B+43.4% | 1.23B+17.7% | |
| P/E | 7.3×-29.3% | 10.3×-45.9% | 19.0×-50.8% | 38.7×+43.4% | 27.0× | |
| P/S | 0.3×-3.7% | 0.3×-53.5% | 0.7×+11.6% | 0.7×+43.4% | 0.5×-12.2% | |
| P/B | 2.0×-33.5% | 3.0×-63.5% | 8.3×+3.5% | 8.0×+43.4% | 5.6×+5.5% | |
| P/FCF | 103.1× | — | 20.8×+69.3% | 12.3×+43.4% | 8.6× | |
| Earnings yield | 13.7%+41.4% | 9.7%+84.7% | 5.3%+103.1% | 2.6%-30.3% | 3.7% | |
| FCF yield | 0.97% | — | 4.8%-40.9% | 8.1%-30.3% | 11.7% | |
| Dividend yield | 3.3%-0.8% | 3.3%+120.2% | 1.5%-16.6% | 1.8%+104743.5% | 0.00%-99.8% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: ARCO’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ARCO filings on SEC EDGAR → Not investment advice.