FN2 Earnings Intelligence
Restaurant Brands International Inc. balance sheet
Restaurant Brands International Inc. (QSR) Balance Sheet (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $1,087 | $1,178 | $1,139 | $1,334 | $1,163 | - | - |
| + Debt | - | - | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $5,739 | $6,505 | $7,022 | $8,406 | $9,434 | $9,862.1 | $9,902.8 |
| % Growth | 15.5% | 13.3% | 7.9% | 19.7% | 12.2% | 4.5% | 0.4% |
| Gross Profit | $3,849 | $4,193 | $4,587 | $6,226 | $7,071 | - | - |
| % Margin | 67.1% | 64.5% | 65.3% | 74.1% | 75.0% | - | - |
| EBITDA | $2,080 | $2,088 | $2,242 | $2,683 | $2,503 | - | - |
| % Margin | 36.2% | 32.1% | 31.9% | 31.9% | 26.5% | - | - |
| Net Income | $1,253 | $1,482 | $1,718 | $1,445 | $1,075 | - | - |
| % Margin | 21.8% | 22.8% | 24.5% | 17.2% | 11.4% | - | - |
| Diluted EPS | $2.69 | $3.25 | $3.76 | $3.18 | $2.35 | $4.05 | $4.42 |
| % Growth | 68.1% | 20.8% | 15.7% | -15.4% | -26.1% | 72.2% | 9.1% |
| Operating Cash Flow | $1,726 | $1,490 | $1,323 | $1,503 | $1,714 | - | - |
| CapEx | $106 | $100 | $120 | $201 | $265 | - | - |
| Free Cash Flow | $1,620 | $1,390 | $1,203 | $1,302 | $1,449 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $5,739 | $6,505 | $7,022 | $8,406 | $9,434 | $9,862.1 | $9,902.8 |
| Gross Profit | $3,849 | $4,193 | $4,587 | $6,226 | $7,071 | - | - |
| EBITDA | $2,080 | $2,088 | $2,242 | $2,683 | $2,503 | - | - |
| Net Income | $1,253 | $1,482 | $1,718 | $1,445 | $1,075 | - | - |
| Diluted EPS | $2.69 | $3.25 | $3.76 | $3.18 | $2.35 | $4.05 | $4.42 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1,087 | $1,178 | $1,139 | $1,334 | $1,163 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | $12,916 | $12,839 | $12,854 | $13,455 | $13,250 |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1,726 | $1,490 | $1,323 | $1,503 | $1,714 |
| Capital Expenditure | $106 | $100 | $120 | $201 | $265 |
| Free Cash Flow | $1,620 | $1,390 | $1,203 | $1,302 | $1,449 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 15.5% | 13.3% | 7.9% | 19.7% | 12.2% |
| Gross Margin | 67.1% | 64.5% | 65.3% | 74.1% | 75.0% |
| EBITDA Margin | 36.2% | 32.1% | 31.9% | 31.9% | 26.5% |
| Net Margin | 21.8% | 22.8% | 24.5% | 17.2% | 11.4% |
| FCF Margin | 28.2% | 21.4% | 17.1% | 15.5% | 15.4% |
| Diluted EPS Growth | 68.1% | 20.8% | 15.7% | -15.4% | -26.1% |
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