Restaurant Brands International Inc. (QSR)

Restaurant Brands International Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	9,106	8,406	7,022	6,505	5,739	4,968
Revenue Growth (YoY)	21.80%	19.71%	7.95%	13.35%	15.52%	-11.33%
Cost of Revenue	6,045	5,382	4,220	3,907	3,365	2,995
Gross Profit	3,061	3,024	2,802	2,598	2,374	1,973
Selling, General & Admin	705	691	647	561	450	391
Other Operating Expenses	8	9	18	14	-	-8
Operating Expenses	713	700	665	575	450	383
Operating Income	2,348	2,324	2,137	2,023	1,924	1,590
Interest Expense	-577	-616	-622	-540	-508	-517
Interest & Investment Income	33	39	40	7	3	9
Earnings From Equity Investments	7	69	8	-44	-4	-39
Currency Exchange Gain (Loss)	-165	71	-20	4	76	-100
EBT Excluding Unusual Items	1,646	1,887	1,543	1,450	1,491	943
Merger & Restructuring Charges	-31	-22	-19	-24	-18	-
Gain (Loss) on Sale of Assets	-8	-3	-16	-4	-2	-6
Legal Settlements	-3	-	-1	-11	-81	-7
Other Unusual Items	-19	-53	-54	-46	-27	-114
Pretax Income	1,585	1,809	1,453	1,365	1,363	816
Income Tax Expense	380	364	-265	-117	110	66
Earnings From Continuing Operations	1,205	1,445	1,718	1,482	1,253	750
Minority Interest in Earnings	-343	-424	-528	-474	-415	-264
Net Income	859	1,021	1,190	1,008	838	486
Net Income to Common	859	1,021	1,190	1,008	838	486
Net Income Growth	-32.36%	-14.20%	18.06%	20.29%	72.43%	-24.42%
Shares Outstanding (Basic)	325	319	312	307	310	302
Shares Outstanding (Diluted)	456	454	456	455	464	468
Shares Change (YoY)	0.33%	-0.44%	0.22%	-1.94%	-0.85%	-0.21%
EPS (Basic)	2.65	3.20	3.81	3.28	2.70	1.61
EPS (Diluted)	2.63	3.18	3.76	3.25	2.69	1.60
EPS Growth	-34.10%	-15.55%	15.70%	20.76%	68.42%	-32.41%
Free Cash Flow	1,217	1,302	1,203	1,390	1,620	804
Free Cash Flow Per Share	2.67	2.87	2.64	3.06	3.49	1.72
Dividend Per Share	2.400	2.320	2.200	2.160	2.120	2.080
Dividend Growth	6.19%	5.46%	1.85%	1.89%	1.92%	4.00%
Gross Margin	33.62%	35.97%	39.90%	39.94%	41.37%	39.71%
Operating Margin	25.79%	27.65%	30.43%	31.10%	33.52%	32.01%
Profit Margin	9.43%	12.15%	16.95%	15.50%	14.60%	9.78%
Free Cash Flow Margin	13.36%	15.49%	17.13%	21.37%	28.23%	16.18%
EBITDA	2,652	2,588	2,328	2,213	2,125	1,779
EBITDA Margin	29.12%	30.79%	33.15%	34.02%	37.03%	35.81%
D&A For EBITDA	304	264	191	190	201	189
EBIT	2,348	2,324	2,137	2,023	1,924	1,590
EBIT Margin	25.79%	27.65%	30.43%	31.10%	33.52%	32.01%
Effective Tax Rate	23.97%	20.12%	-	-	8.07%	8.09%
Revenue as Reported	9,106	8,406	7,022	6,505	5,739	4,968
Advertising Expenses	-	1,268	1,201	1,032	962	870

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q