QSR
$69.91+0.21%
as of close, Oct 2, 2026
☾ AH $69.91 +0.21%
Restaurant Brands International Inc.Stock · Consumer DiscretionaryRussell 1000 0.04%Russell 3000 0.03%MSCI World 0.03%MSCI ACWI 0.02%
QSR financial statements
The full income statement, balance sheet, and cash-flow statement for Restaurant Brands International Inc. (QSR), 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)
2024-06 316.9M2024-09 323.7M2024-12 324.4M2025-03 327.6M2025-06 327.8M2025-09 327.8M2025-12 346.3M2026-03 347.3M2026-06 349.2M+10.2% 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 | |
| 9.43B+12.2% | 8.41B+19.7% | 7.02B+7.9% | 6.50B+13.3% | 5.74B+15.5% | ||
| Lease income | 828M-0.6% | 833M-0.7% | 839M+4.1% | 806M+2.4% | 787M+10.4% | |
| Cost of revenue | — | — | 2.44B+5.3% | 2.31B+22.3% | 1.89B+17.4% | |
| Selling, general & administrative | 741M+1.1% | 733M+4.1% | 704M+11.6% | 631M+30.4% | 484M-61.7% | |
| General & administrative | 741M+1.1% | 733M+4.1% | 704M+11.6% | 631M+30.4% | 484M+18.9% | |
| Amortization of intangibles | 69.0M+19.0% | 58.0M+56.8% | 37.0M-5.1% | 39.0M-4.9% | 41.0M-4.7% | |
| Operating income | 2.20B-9.0% | 2.42B+17.9% | 2.05B+8.1% | 1.90B+1.0% | 1.88B+32.1% | |
| Interest & investment income | 31.0M-20.5% | 39.0M-2.5% | 40.0M+471.4% | 7.00M+133.3% | 3.00M-66.7% | |
| Equity-method income | 11.0M-84.1% | 69.0M+762.5% | 8.00M+118.2% | -44.0M-1000.0% | -4.00M+89.7% | |
| Pre-tax income | 1.68B-6.9% | 1.81B+24.5% | 1.45B+6.4% | 1.36B+0.1% | 1.36B+67.0% | |
| Income tax | 483M+32.7% | 364M+237.4% | -265M-126.5% | -117M-206.4% | 110M+66.7% | |
| 1.07B+5.3% | 1.02B-14.2% | 1.19B+18.1% | 1.01B+20.3% | 838M+11.7% | ||
| Discontinued operations | -126M | 0.00 | 0.00 | — | — | |
| Net income to non-controlling interest | 299M-29.5% | 424M-19.7% | 528M+11.4% | 474M+14.2% | 415M+57.2% | |
| Net income to common | 776M-24.0% | 1.02B-14.2% | 1.19B+18.1% | 1.01B+20.3% | 838M+72.4% | |
| $2.35-26.1% | $3.18-15.4% | $3.76+15.7% | $3.25+20.8% | $2.69+68.1% | ||
| EPS (basic) | $2.36-26.5% | $3.21-16.0% | $3.82+16.5% | $3.28+21.0% | $2.71+68.3% | |
| Weighted-avg shares (basic) | 329M+3.1% | 319M+2.2% | 312M+1.6% | 307M-1.0% | 310M+2.6% | |
| Weighted-avg shares (diluted) | 457M+0.7% | 454M-0.4% | 456M+0.2% | 455M-1.9% | 464M-0.9% | |
| Dividends per share | $2.48+6.9% | $2.32+5.5% | $2.20+1.9% | $2.16+1.9% | $2.12+1.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.83B+24.0% | 2.28B+5.0% | 2.17B+6.1% | 2.05B+12.8% | 1.82B-19.8% | ||
| Cash & equivalents | 1.16B-12.8% | 1.33B+17.1% | 1.14B-3.3% | 1.18B+8.4% | 1.09B-30.3% | |
| Inventory | 205M+44.4% | 142M-14.5% | 166M+24.8% | 133M+38.5% | 96.0M+0.0% | |
| Prepaid expenses | 179M+65.7% | 108M-9.2% | 119M-3.3% | 123M+43.0% | 86.0M+19.4% | |
| 25.6B+4.0% | 24.6B+5.3% | 23.4B+2.8% | 22.7B-2.2% | 23.2B+2.1% | ||
| Property, plant & equipment | 2.30B+95.3% | 1.18B-11.3% | 1.33B-5.1% | 1.40B-7.3% | 1.51B-0.9% | |
| Operating lease right-of-use | 1.96B+5.9% | 1.85B+65.1% | 1.12B+3.7% | 1.08B-4.2% | 1.13B-1.9% | |
| Goodwill | 6.31B+5.3% | 5.99B+3.7% | 5.78B+1.5% | 5.69B-5.3% | 6.01B+4.7% | |
| Intangible assets | 11.2B+2.5% | 10.9B-1.7% | 11.1B+1.1% | 11.0B-3.7% | 11.4B+6.7% | |
| Other non-current assets | 1.02B-24.3% | 1.35B+7.3% | 1.26B+27.9% | 987M+29.5% | 762M-7.5% | |
| 2.89B+22.3% | 2.36B+10.3% | 2.14B+1.3% | 2.12B+12.7% | 1.88B+17.3% | ||
| Accounts payable | 866M+13.2% | 765M-3.2% | 790M+4.2% | 758M+23.5% | 614M+32.3% | |
| Short-term & current debt | 32.0M-82.9% | 187M+179.1% | 67.0M-29.5% | 95.0M+53.2% | 62.0M-21.5% | |
| Current lease liability | 200M+3.6% | 193M+31.3% | 147M+7.3% | 137M-2.1% | 140M+2.2% | |
| Other current liabilities | 230M+85.5% | 124M+6.0% | 117M+7.3% | 109M-6.8% | 117M+46.3% | |
| Finance lease liability (current) | 36.0M+2.9% | 35.0M+2.9% | 34.0M+6.3% | 32.0M-5.9% | 34.0M+6.3% | |
| 20.5B+3.4% | 19.8B+6.0% | 18.7B+1.0% | 18.5B-4.7% | 19.4B+1.8% | ||
| Long-term debt | 13.3B-1.5% | 13.5B+4.7% | 12.9B+0.1% | 12.8B-0.6% | 12.9B+4.2% | |
| Deferred revenue (non-current) | 517M+0.0% | 517M-6.8% | 555M+2.8% | 540M+1.7% | 531M+0.6% | |
| Non-current lease liability | 1.90B+7.3% | 1.77B+67.1% | 1.06B+3.1% | 1.03B-4.0% | 1.07B-1.1% | |
| Operating lease liability (total) | 2.10B+7.0% | 1.96B+62.8% | 1.21B+3.6% | 1.16B-3.8% | 1.21B-0.7% | |
| Finance lease liability (total) | 297M-7.5% | 321M-7.2% | 346M+0.9% | 343M-6.5% | 367M+5.8% | |
| Finance lease liability | 261M-8.7% | 286M-8.3% | 312M+0.3% | 311M-6.6% | 333M+5.7% | |
| Deferred tax liabilities | 1.12B-7.3% | 1.21B-6.8% | 1.30B-1.3% | 1.31B-4.4% | 1.37B-3.6% | |
| Other non-current liabilities | 1.03B+46.5% | 706M-29.1% | 996M+14.2% | 872M-52.1% | 1.82B-18.5% | |
| 3.63B+16.8% | 3.11B+8.5% | 2.87B+14.7% | 2.50B+11.7% | 2.24B+3.2% | ||
| Common stock | 2.86B+21.3% | 2.36B+19.5% | 1.97B-4.1% | 2.06B-4.6% | 2.16B-10.1% | |
| Retained earnings | 1.79B-3.5% | 1.86B+16.3% | 1.60B+42.6% | 1.12B+41.7% | 791M+27.2% | |
| Accumulated other comprehensive income | -1.02B+7.9% | -1.11B-56.8% | -706M-4.0% | -679M+4.4% | -710M+16.9% | |
| Non-controlling interest | 1.52B-12.0% | 1.73B-7.0% | 1.86B+5.4% | 1.77B+9.5% | 1.62B+4.0% | |
| Total equity incl. non-controlling | 5.16B+6.5% | 4.84B+2.4% | 4.73B+10.8% | 4.27B+10.8% | 3.85B+3.5% | |
| Total liabilities & equity | 25.6B+4.0% | 24.6B+5.3% | 23.4B+2.8% | 22.7B-2.2% | 23.2B+2.1% | |
| Common shares issued | 346M+6.7% | 324M+3.8% | 312M+1.7% | 307M-0.6% | 309M+1.4% | |
| Common shares outstanding | 346M+6.7% | 324M+3.8% | 312M+1.7% | 307M-0.6% | 309M+1.4% | |
| Shares outstanding (cover) | — | — | 313M+1.8% | 308M-0.5% | 310M+1.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.71B+14.0% | 1.50B+13.6% | 1.32B-11.2% | 1.49B-13.7% | 1.73B+87.4% | ||
| Depreciation & amortization | 301M+14.0% | 264M+38.2% | 191M+0.5% | 190M-5.5% | 201M+6.3% | |
| Intangible amortization | 69.0M+19.0% | 58.0M+56.8% | 37.0M-5.1% | 39.0M-4.9% | 41.0M-4.7% | |
| Share-based compensation | 151M-12.2% | 172M-11.3% | 194M+42.6% | 136M+33.3% | 102M+21.4% | |
| Deferred income taxes | 97.0M+2040.0% | -5.00M+98.8% | -430M-616.7% | -60.0M-1100.0% | -5.00M+97.6% | |
| Change in payables | 89.0M+396.7% | -30.0M-236.4% | 22.0M-87.0% | 169M+13.4% | 149M+181.4% | |
| -318M+51.8% | -660M-6100.0% | 11.0M+117.2% | -64.0M+94.2% | -1.10B-1296.2% | ||
| Capital expenditure | 265M+31.8% | 201M+67.5% | 120M+20.0% | 100M-5.7% | 106M-9.4% | |
| Free cash flow | 1.45B+11.3% | 1.30B+8.2% | 1.20B-13.5% | 1.39B-14.2% | 1.62B+101.5% | |
| Acquisitions | 152M-71.9% | 540M+3076.5% | 17.0M | 0.00-100.0% | 1.00B | |
| Other investing activities | 15.0M-44.4% | 27.0M+2600.0% | 1.00M-97.1% | 35.0M+150.0% | 14.0M+100.0% | |
| -1.44B-129.8% | -625M+54.5% | -1.37B-5.1% | -1.31B-19.6% | -1.09B-33.1% | ||
| Long-term debt issued | 0.00-100.0% | 2.45B+4354.5% | 55.0M+2650.0% | 2.00M-99.9% | 1.33B-74.5% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00-100.0% | 30.0M | 0.00 | |
| Common stock repurchased | 0.00 | 0.00-100.0% | 500M+53.4% | 326M-40.8% | 551M | |
| Dividends paid | 1.11B+7.7% | 1.03B+3.9% | 990M+2.0% | 971M-0.3% | 974M+1.6% | |
| Other financing activities | -1.00M+50.0% | -2.00M+50.0% | -4.00M-33.3% | -3.00M+25.0% | -4.00M-100.0% | |
| FX effect on cash | 16.0M+169.6% | -23.0M-2400.0% | 1.00M+103.6% | -28.0M-833.3% | -3.00M-150.0% | |
| Net change in cash | -105M-153.8% | 195M+600.0% | -39.0M-142.9% | 91.0M+119.2% | -473M-1851.9% | |
| Interest paid | 714M-9.0% | 785M+3.2% | 761M+56.3% | 487M+20.5% | 404M-12.7% | |
| Income taxes paid | 450M+53.6% | 293M+1.0% | 290M+5.5% | 275M+7.4% | 256M-4.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 23.6B+11.7% | 21.1B-13.3% | 24.4B+23.2% | 19.8B+5.3% | 18.8B+0.8% | |
| P/E | 22.0×+6.1% | 20.7×-22.6% | 26.8×+29.6% | 20.7×-7.9% | 22.4×-9.8% | |
| P/S | 2.5×-0.4% | 2.5×-28.9% | 3.5×+13.8% | 3.1×-5.0% | 3.3×-12.8% | |
| P/B | 6.5×-4.4% | 6.8×-18.9% | 8.4×-2.0% | 8.6×+1.8% | 8.4×-2.4% | |
| P/FCF | 16.3×+0.4% | 16.2×-18.6% | 19.9×+46.2% | 13.6×+17.6% | 11.6×-50.0% | |
| Earnings yield | 4.5%-5.8% | 4.8%+29.2% | 3.7%-22.8% | 4.8%+8.6% | 4.5%+10.9% | |
| FCF yield | 6.1%-0.4% | 6.2%+22.8% | 5.0%-31.6% | 7.3%-15.0% | 8.6%+100.0% | |
| Dividend yield | 3.6%+2.1% | 3.6%+26.4% | 2.8%-15.7% | 3.3%-4.4% | 3.5%+2.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
One company, more than one SEC registrant: these statements were filed by Burger King Worldwide, Inc. until Dec 15, 2014 and by Restaurant Brands International Inc. since.
About this data
Source: QSR’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 QSR filings on SEC EDGAR → Not investment advice.