QSR
Restaurant Brands International Inc. (QSR)
Last Price$68.0(1.2%)
Market Cap$22.0B
$8,397.8M
+18.7% YoY
$1,021.0M
-20.1% YoY
$658.0M
Net Debt to FCF - 0.5x
$1,300.2M
15.5% margin

QSR Income Statement

QSR Income Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
$8,406.0M 19.7% YoY
$3,024.0M 7.9% YoY
36.0% margin
Cost of revenue
$5,382.0M 27.5% YoY
Operating income
$2,419.0M 17.9% YoY
28.8% margin
Other: $33.0M
Net interest: $577.0M
Operating expenses
$733.0M (2.4%) YoY
Pre-tax income
$1,809.0M 24.5% YoY
21.5% margin
Net income
$1,021.0M (14.2%) YoY
12.1% margin
Income tax
$364.0M
20.1% tax rate
SG&A
$733.0M 13.3% YoY
8.7% of revenue

QSR Income statement key metrics

Annual
Quarterly
LTM

Revenue

$8,406.0M +19.7% YoY

Operating Income

$2,419.0M +17.9% YoY

Net Income

$1,021.0M -14.2% YoY

QSR Balance Sheet

QSR Balance Sheet Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Assets
Liabilities
Total assets
$24.6B
Current assets ($2,282.0M, 9.3% of total)
$1,334.0M (5.4%)
$698.0M (2.8%)
Other current assets
$250.0M (1.0%)
Non-current assets ($22.4B, 90.7% of total)
$10.9B (44.3%)
Other non-current assets
$7,340.0M (29.8%)
Financial position
$658.0M
$1,334.0M$1,992.0M
Cash & Short-term Investments
Total Debt

QSR Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$24.6B +5.8% YoY

Liabilities

$19.8B +6.6% YoY

Shareholder's Equity

$4,843.0M +2.9% YoY

QSR Cash Flow Statement

QSR Cash Flow Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$1,139.0M$1,503.0M($660.0M)($625.0M)($23.0M)$1,334.0M

QSR Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$1,503.0M +9.1% YoY

Capital Expenditure (CAPEX)

($201.0M) +66.1% YoY

Free Cash Flow (FCF)

$1,302.0M +3.6% YoY

QSR Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24
% growth
1,970.9
0.0%
1,146.3
(41.8%)
1,198.8
4.6%
4,052.2
238.0%
4,145.8
2.3%
4,576.1
10.4%
5,357.0
17.1%
5,603.0
4.6%
4,968.0
(11.3%)
5,739.0
15.5%
6,505.0
13.3%
7,022.0
7.9%
8,406.0
19.7%
Cost of Goods Sold (COGS)1,152.3347.7335.42,312.72,181.42,327.92,240.02,353.02,138.03,341.03,907.04,220.05,382.0
% margin
818.6
41.5%
798.6
69.7%
863.4
72.0%
1,739.5
42.9%
1,964.4
47.4%
2,248.2
49.1%
3,117.0
58.2%
3,250.0
58.0%
2,830.0
57.0%
2,398.0
41.8%
2,598.0
39.9%
2,802.0
39.9%
3,024.0
36.0%
Operating Expenses302.6221.8356.3319.2302.3353.11,222.01,217.01,240.0474.0575.0751.0733.0
Research & Development Expenses (R&D)0.00.00.00.00.00.00.00.00.00.00.00.00.0
Selling, General & Administrative Expenses (SG&A)272.8204.8345.4304.0280.5329.01,214.01,208.01,229.0454.0536.0647.0733.0
417.7
21.2%
522.2
45.6%
181.1
15.1%
1,192.2
29.4%
1,666.7
40.2%
1,735.9
37.9%
1,917.0
35.8%
2,007.0
35.8%
1,422.0
28.6%
1,879.0
32.7%
1,898.0
29.2%
2,051.0
29.2%
2,419.0
28.8%
Interest Income1.12.63.74.24.126.415.020.09.03.07.013.00.0
Interest Expense209.0190.6270.8478.3466.9512.2535.0532.0508.0505.0533.0595.0577.0
Pre-tax Income159.7322.2(254.0)673.91,199.81,101.71,382.01,452.0816.01,363.01,365.01,453.01,809.0
% effective tax rate
42.0
26.3%
88.5
27.5%
15.3
(6.0%)
162.2
24.1%
243.9
20.3%
(133.6)
(12.1%)
238.0
17.2%
341.0
23.5%
66.0
8.1%
110.0
8.1%
(117.0)
(8.6%)
(265.0)
(18.2%)
364.0
20.1%
% margin
117.7
6.0%
233.7
20.4%
161.4
13.5%
375.1
9.3%
615.6
14.8%
648.8
14.2%
612.0
11.4%
1,111.0
19.8%
750.0
15.1%
1,253.0
21.8%
1,482.0
22.8%
1,190.0
16.9%
1,021.0
12.1%
EPS0.340.670.471.842.642.741.294.152.484.044.835.503.20
Diluted EPS0.330.650.450.791.311.361.292.371.602.703.263.762.25
% margin
611.3
31.0%
647.9
56.5%
725.1
60.5%
1,575.2
38.9%
1,779.7
42.9%
1,884.4
41.2%
2,127.0
39.7%
2,212.0
39.5%
1,779.0
35.8%
2,125.0
37.0%
2,213.0
34.0%
2,239.0
31.9%
2,664.0
31.7%