Restaurant Brands International Inc. (QSR)
NYSE: QSR · Real-Time Price · USD
78.39
+4.08 (5.49%)
At close: Nov 4, 2026, 4:00 PM EST
78.25
-0.14 (-0.18%)
After-hours: Nov 4, 2026, 7:27 PM EST
Restaurant Brands International Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Equivalents | 974 | 1,163 | 1,334 | 1,139 | 1,178 | 1,087 |
Trading Asset Securities | - | 8 | 1 | - | - | - |
Cash & Short-Term Investments | 1,010 | 1,171 | 1,335 | 1,139 | 1,178 | 1,087 |
Cash Growth | -17.01% | -12.29% | 17.21% | -3.31% | 8.37% | -30.32% |
Receivables | 763 | 794 | 698 | 749 | 614 | 547 |
Inventory | 237 | 205 | 142 | 166 | 133 | 96 |
Prepaid Expenses | 295 | 171 | 99 | 119 | 116 | 84 |
Other Current Assets | 5 | 489 | 8 | - | 7 | 2 |
Total Current Assets | 2,310 | 2,830 | 2,282 | 2,173 | 2,048 | 1,816 |
Property, Plant & Equipment | 4,249 | 4,264 | 4,088 | 3,074 | 3,032 | 3,165 |
Long-Term Investments | 309 | 169 | 307 | 353 | 447 | 194 |
Goodwill | 6,166 | 6,306 | 5,986 | 5,775 | 5,688 | 6,006 |
Other Intangible Assets | 10,880 | 11,190 | 10,922 | 11,107 | 10,991 | 11,417 |
Long-Term Accounts Receivable | - | - | - | - | - | 80 |
Other Long-Term Assets | 1,349 | 856 | 1,047 | 909 | 540 | 568 |
Total Assets | 25,263 | 25,615 | 24,632 | 23,391 | 22,746 | 23,246 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Accounts Payable | 816 | 866 | 765 | 790 | 758 | 614 |
Accrued Expenses | 455 | 498 | 371 | 389 | 359 | 322 |
Current Portion of Long-Term Debt | 56 | 32 | 187 | 67 | 95 | 62 |
Current Portion of Leases | 248 | 236 | 228 | 181 | 169 | 174 |
Current Income Taxes Payable | 262 | 188 | 228 | 129 | 190 | 106 |
Current Unearned Revenue | 262 | 326 | 307 | 325 | 273 | 269 |
Other Current Liabilities | 318 | 745 | 278 | 263 | 272 | 331 |
Total Current Liabilities | 2,417 | 2,891 | 2,364 | 2,144 | 2,116 | 1,878 |
Long-Term Debt | 13,184 | 13,250 | 13,455 | 12,854 | 12,839 | 13,136 |
Long-Term Leases | 2,184 | 2,161 | 2,056 | 1,371 | 1,338 | 1,403 |
Long-Term Unearned Revenue | 537 | 562 | 571 | 612 | 584 | 568 |
Pension & Post-Retirement Benefits | 25 | 23 | 23 | 34 | 40 | 47 |
Long-Term Deferred Tax Liabilities | 1,055 | 1,120 | 1,208 | 1,296 | 1,313 | 1,374 |
Other Long-Term Liabilities | 333 | 449 | 112 | 350 | 248 | 987 |
Total Liabilities | 19,735 | 20,456 | 19,789 | 18,661 | 18,478 | 19,393 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Common Stock | 2,686 | 2,859 | 2,357 | 1,973 | 2,057 | 2,156 |
Retained Earnings | 2,490 | 1,795 | 1,860 | 1,599 | 1,121 | 791 |
Comprehensive Income & Other | -1,236 | -1,020 | -1,107 | -706 | -679 | -710 |
Total Common Equity | 3,940 | 3,634 | 3,110 | 2,866 | 2,499 | 2,237 |
Minority Interest | 1,588 | 1,525 | 1,733 | 1,864 | 1,769 | 1,616 |
Shareholders' Equity | 5,528 | 5,159 | 4,843 | 4,730 | 4,268 | 3,853 |
Total Liabilities & Equity | 25,263 | 25,615 | 24,632 | 23,391 | 22,746 | 23,246 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Total Debt | 15,672 | 15,679 | 15,926 | 14,473 | 14,441 | 14,775 |
Net Cash (Debt) | -14,662 | -14,508 | -14,591 | -13,334 | -13,263 | -13,688 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -31.93 | -31.75 | -32.14 | -29.24 | -29.15 | -29.50 |
Filing Date Shares Outstanding | 348.35 | 346.5 | 324.98 | 313.35 | 307.95 | 309.63 |
Total Common Shares Outstanding | 348.6 | 346.32 | 324.43 | 312.45 | 307.14 | 309.03 |
Working Capital | -107 | -61 | -82 | 29 | -68 | -62 |
Book Value Per Share | 11.30 | 10.49 | 9.59 | 9.17 | 8.14 | 7.24 |
Tangible Book Value | -13,106 | -13,862 | -13,798 | -14,016 | -14,180 | -15,186 |
Tangible Book Value Per Share | -37.60 | -40.03 | -42.53 | -44.86 | -46.17 | -49.14 |
Land | - | 160 | 173 | 131 | 105 | 112 |
Buildings | - | 490 | 372 | 91 | - | 20 |
Machinery | - | 607 | 570 | 535 | 476 | 432 |
Construction In Progress | - | 124 | 116 | 62 | 52 | 30 |