Restaurant Brands International Inc. (QSR) Financial Statements
Restaurant Brands International financial statements at a glance
Restaurant Brands International reported revenue of $9.43 billion for fiscal year 2025 (ended December 31, 2025), up 12.2% from fiscal year 2024. Net income was $776.00 million, a net margin of 8.2%.
At the end of fiscal year 2025 it had total assets of $25.62 billion, total liabilities of $21.98 billion and shareholders' equity of $3.63 billion, with total debt of $13.58 billion.
Its operations brought in $1.57 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Restaurant Brands International Inc.
Income Statement
Annual • USD
Restaurant Brands International key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $9.4B | $8.4B | $7.0B | $6.5B | $5.7B |
| Gross profit | $5.1B | $4.9B | $4.6B | $4.2B | $2.4B |
| Operating income | $2.2B | $2.4B | $2.0B | $1.9B | $1.9B |
| Net income | $776.0M | $1.0B | $1.2B | $1.0B | $838.0M |
| Diluted EPS | – | – | – | – | $2.69 |
| Total assets | $25.6B | $24.6B | $23.4B | $22.7B | $23.2B |
| Total liabilities | $22.0B | $21.5B | $20.5B | $20.2B | $19.4B |
| Shareholders' equity | $3.6B | $3.1B | $2.9B | $2.5B | $2.2B |
| Cash | – | – | – | – | $1.1B |
| Total debt | $13.6B | $14.0B | $13.3B | $13.3B | $14.6B |
| Operating cash flow | $1.6B | $1.5B | $1.3B | $1.5B | $1.7B |
| Capital spending | – | – | – | – | $106.0M |
| Free cash flow | – | – | – | – | $1.6B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Restaurant Brands International's revenue in fiscal year 2025?
$9.43 billion, up 12.2% from $8.41 billion in fiscal year 2024.
How much profit does Restaurant Brands International make?
Restaurant Brands International reported net income of $776.00 million for fiscal year 2025 (8.2% of revenue); operating income was $2.20 billion.
How much cash and debt does Restaurant Brands International have?
At the end of fiscal year 2025: total debt of $13.58 billion.
