Restaurant Brands International Inc. (QSR)

Restaurant Brands International Balance Sheet

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

Fiscal Quarter	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Cash & Equivalents	1,163	1,206	1,026	899	1,334	1,176	942	1,049	1,139	1,310	1,213	1,033	1,178	946	838	895	1,087	1,773	1,762	1,563
Trading Asset Securities	8	11	-	-	1	2	3	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Short-Term Investments	1,171	1,217	1,026	899	1,335	1,178	945	1,049	1,139	1,310	1,213	1,033	1,178	946	838	895	1,087	1,773	1,762	1,563
Cash Growth	-12.29%	3.31%	8.57%	-14.30%	17.21%	-10.08%	-22.09%	1.55%	-3.31%	38.48%	44.75%	15.42%	8.37%	-46.64%	-52.44%	-42.74%	-30.32%	-7.61%	14.42%	-37.43%
Accounts Receivable	794	761	778	677	698	693	737	749	749	692	639	612	614	598	551	593	547	537	535	519
Receivables	794	761	778	677	698	693	737	749	749	692	639	612	614	598	551	593	547	537	535	519
Inventory	205	216	167	159	142	169	160	152	166	160	171	145	133	129	114	108	96	96	99	98
Prepaid Expenses	171	188	189	145	99	215	186	120	119	218	166	99	116	123	61	89	84	176	131	111
Other Current Assets	489	633	628	650	8	-	2	1	-	3	1	4	7	128	4	1	2	2	1	-
Total Current Assets	2,830	3,015	2,788	2,530	2,282	2,255	2,030	2,071	2,173	2,383	2,190	1,893	2,048	1,924	1,568	1,686	1,816	2,584	2,528	2,291
Property, Plant & Equipment	4,264	4,167	4,152	4,079	4,088	4,099	4,087	3,070	3,074	2,964	3,051	3,018	3,032	2,969	3,097	3,160	3,165	3,131	3,176	3,168
Long-Term Investments	169	184	214	246	307	232	382	408	353	474	423	347	447	493	320	201	194	199	204	205
Goodwill	6,306	6,221	6,301	6,099	5,986	6,187	6,140	5,702	5,775	5,681	5,772	5,700	5,688	5,605	5,866	6,050	6,006	5,743	5,831	5,781
Other Intangible Assets	11,190	11,130	11,279	10,932	10,922	11,347	11,266	10,970	11,107	10,946	11,120	11,005	10,991	10,831	11,296	11,451	11,417	10,652	10,820	10,742
Long-Term Accounts Receivable	-	-	-	-	-	-	-	-	-	-	-	83	-	83	82	82	80	79	80	67
Other Long-Term Assets	856	952	954	995	1,047	951	944	924	909	629	577	480	540	652	525	542	568	540	602	603
Total Assets	25,615	25,669	25,688	24,881	24,632	25,071	24,849	23,145	23,391	23,077	23,133	22,526	22,746	22,557	22,754	23,172	23,246	22,928	23,241	22,857
Accounts Payable	866	826	763	697	765	754	720	734	790	693	735	679	758	696	705	637	614	592	575	488
Accrued Expenses	498	458	382	350	371	394	406	288	389	386	282	277	359	355	244	264	322	296	252	267
Current Portion of Long-Term Debt	32	79	185	183	187	88	580	75	67	55	100	96	95	86	78	71	62	81	81	80
Current Portion of Leases	236	237	237	230	228	234	224	183	181	172	173	170	169	165	175	178	174	169	171	168
Current Income Taxes Payable	188	220	173	122	228	204	158	96	129	255	204	153	190	150	88	127	106	164	114	96
Current Unearned Revenue	326	264	266	249	307	256	255	271	325	245	251	229	273	205	210	214	269	188	192	191
Other Current Liabilities	745	763	748	796	278	278	274	277	263	265	271	278	272	263	263	337	331	262	264	262
Total Current Liabilities	2,891	2,847	2,754	2,627	2,364	2,208	2,617	1,924	2,144	2,071	2,016	1,882	2,116	1,920	1,763	1,828	1,878	1,752	1,649	1,552
Long-Term Debt	13,250	13,415	13,428	13,441	13,455	13,571	13,092	12,832	12,854	12,862	12,801	12,821	12,839	12,853	12,881	12,907	13,136	12,644	12,675	12,665
Long-Term Leases	2,161	2,111	2,117	2,063	2,056	2,080	2,070	1,383	1,371	1,308	1,351	1,329	1,338	1,313	1,379	1,411	1,403	1,384	1,404	1,393
Long-Term Unearned Revenue	562	567	574	563	571	581	579	608	612	592	589	596	584	559	570	582	568	558	560	558
Pension & Post-Retirement Benefits	23	24	24	23	23	33	34	35	34	41	41	41	40	46	47	48	47	66	68	69
Long-Term Deferred Tax Liabilities	1,120	1,154	1,205	1,193	1,208	1,242	1,296	1,309	1,296	1,308	1,327	1,288	1,313	1,388	1,345	1,380	1,374	1,407	1,444	1,435
Other Long-Term Liabilities	449	386	496	147	112	317	210	219	350	231	330	258	248	439	860	1,055	987	1,009	1,182	1,183
Total Liabilities	20,456	20,504	20,598	20,057	19,789	20,032	19,898	18,310	18,661	18,413	18,455	18,215	18,478	18,518	18,845	19,211	19,393	18,820	18,982	18,855
Common Stock	2,859	2,502	2,469	2,430	2,357	2,300	2,138	2,076	1,973	2,267	2,247	2,157	2,057	1,964	1,929	2,059	2,156	2,490	2,512	2,454
Retained Earnings	1,795	1,902	1,794	1,811	1,860	1,794	1,734	1,640	1,599	1,268	1,198	1,134	1,121	1,062	871	804	791	779	728	635
Comprehensive Income & Other	-1,020	-1,023	-946	-1,125	-1,107	-858	-804	-747	-706	-627	-591	-716	-679	-713	-586	-573	-710	-753	-679	-719
Total Common Equity	3,634	3,381	3,317	3,116	3,110	3,236	3,068	2,969	2,866	2,908	2,854	2,575	2,499	2,313	2,214	2,290	2,237	2,516	2,561	2,370
Minority Interest	1,525	1,784	1,773	1,708	1,733	1,803	1,883	1,866	1,864	1,756	1,824	1,736	1,769	1,726	1,695	1,671	1,616	1,592	1,698	1,632
Shareholders' Equity	5,159	5,165	5,090	4,824	4,843	5,039	4,951	4,835	4,730	4,664	4,678	4,311	4,268	4,039	3,909	3,961	3,853	4,108	4,259	4,002
Total Liabilities & Equity	25,615	25,669	25,688	24,881	24,632	25,071	24,849	23,145	23,391	23,077	23,133	22,526	22,746	22,557	22,754	23,172	23,246	22,928	23,241	22,857
Total Debt	15,679	15,842	15,967	15,917	15,926	15,973	15,966	14,473	14,473	14,397	14,425	14,416	14,441	14,417	14,513	14,567	14,775	14,278	14,331	14,306
Net Cash (Debt)	-14,508	-14,625	-14,941	-15,018	-14,591	-14,795	-15,021	-13,424	-13,334	-13,087	-13,212	-13,383	-13,263	-13,471	-13,675	-13,672	-13,688	-12,505	-12,569	-12,743
Net Cash Per Share	-31.75	-32.00	-32.69	-32.93	-32.07	-32.59	-33.16	-29.63	-29.43	-28.51	-28.85	-29.35	-29.15	-29.67	-30.05	-29.85	-29.63	-26.89	-26.97	-27.40
Filing Date Shares Outstanding	346.5	327.81	327.8	327.64	324.98	323.71	317.03	316.38	313.35	312.03	312.28	311.25	307.95	305.9	305.79	308.78	309.63	315.07	308.1	306.97
Total Common Shares Outstanding	346.32	327.81	327.78	327.63	324.43	323.7	316.9	316.38	312.45	317.84	312.2	311.17	307.14	305.86	305.74	308.68	309.03	315.07	308.04	306.96
Working Capital	-61	168	34	-97	-82	47	-587	147	29	312	174	11	-68	4	-195	-142	-62	832	879	739
Book Value Per Share	10.49	10.31	10.12	9.51	9.59	10.00	9.68	9.38	9.17	9.15	9.14	8.28	8.14	7.56	7.24	7.42	7.24	7.99	8.31	7.72
Tangible Book Value	-13,862	-13,970	-14,263	-13,915	-13,798	-14,298	-14,338	-13,703	-14,016	-13,719	-14,038	-14,130	-14,180	-14,123	-14,948	-15,211	-15,186	-13,879	-14,090	-14,153
Tangible Book Value Per Share	-40.03	-42.62	-43.51	-42.47	-42.53	-44.17	-45.24	-43.31	-44.86	-43.16	-44.96	-45.41	-46.17	-46.17	-48.89	-49.28	-49.14	-44.05	-45.74	-46.11
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	-	-	-

Updated Feb 12, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q