← Restaurant Brands International Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Total Revenue $4.1b
$4.6b +10.38%
$5.4b +17.06%
$5.6b +4.59%
$5.0b -11.33%
$5.7b +15.52%
$6.5b +13.35%
$7.0b +7.95%
$8.4b +19.71%
$9.4b +12.23%
$9.7b +2.81%
Cost of Revenue $1.7b
$1.9b +7.12%
$1.8b -1.75%
$1.8b -0.28%
$1.6b -11.20%
$1.9b +17.39%
$2.3b +22.33%
$2.4b +5.32%
— — $6.4b
Gross Profit $2.4b
$2.7b +12.71%
$3.5b +29.83%
$3.8b +7.09%
$3.4b -11.40%
$3.8b +14.62%
$4.2b +8.94%
$4.6b +9.40%
— — $3.3b
Selling, General and Administrative Expense $318.6m $415.5m $1.2b $1.3b $1.3b — — — — — $687.0m
Amortization of Intangible Assets $71.9m $72.4m $70.0m $44.0m $43.0m $41.0m $39.0m $37.0m $58.0m $69.0m —
Operating Lease, Lease Income — — — $833.0m $718.0m $787.0m $806.0m $839.0m $833.0m $828.0m —
Operating expenses:
Operating Income (Loss) $1.7b
$1.7b +4.15%
$1.9b +10.43%
$2.0b +4.69%
$1.4b -29.15%
$1.9b +32.14%
$1.9b +1.01%
$2.1b +8.06%
$2.4b +17.94%
$2.2b -8.97%
$2.6b +18.80%
Other Operating Income (Expense), Net $700k ($109.2m) ($8.0m) $10.0m ($105.0m) ($7.0m) ($25.0m) ($55.0m) $59.0m ($261.0m) —
Investment Income, Interest $4.1m $26.4m $15.0m $20.0m $9.0m $3.0m $7.0m $40.0m $39.0m $31.0m —
Equity Securities, FV-NI, Realized Gain (Loss) — — — $0 $0 $0 $0 $0 $0 $0 —
Foreign Currency Transaction Gain (Loss), before Tax $20.1m ($77.3m) $33.0m $15.0m ($100.0m) $76.0m $4.0m ($20.0m) $71.0m ($209.0m) —
Gain (Loss) on Derivative Instruments, Net, Pretax — — $40.0m $49.0m ($32.0m) ($87.0m) $9.0m $151.0m $191.0m $198.0m —
Interest Income (Expense), Nonoperating, Net ($466.9m) ($512.2m) ($535.0m) ($532.0m) ($508.0m) ($505.0m) ($533.0m) ($582.0m) ($577.0m) ($516.0m) $28.0m
Income (Loss) from Equity Method Investments $20.2m $12.4m $22.0m $11.0m ($39.0m) ($4.0m) ($44.0m) $8.0m $69.0m $11.0m —
Income (Loss) from Continuing Operations before Income Taxes, Domestic — — — $1.5b $816.0m $1.4b $1.4b $1.5b $317.0m $284.0m $2.1b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest — — — $1.5b $816.0m $1.4b $1.4b $1.5b $1.8b $1.7b $2.1b
Current Income Tax Expense (Benefit) $163.8m $608.8m $209.0m $283.0m $274.0m $115.0m ($57.0m) $165.0m $369.0m $386.0m $279.0m
Income Tax Expense (Benefit) $243.9m ($133.6m) $238.0m $341.0m $66.0m $110.0m ($117.0m) ($265.0m) $364.0m $483.0m $279.0m
Net Income (Loss) Available to Common Stockholders, Basic $345.6m
$626.1m +81.16%
$612.0m -2.25%
$643.0m +5.07%
$486.0m -24.42%
$838.0m +72.43%
$1.0b +20.29%
$1.2b +18.06%
$1.0b -14.20%
$776.0m -24.00%
$1.3b +64.05%
Net Income (Loss) Attributable to Noncontrolling Interest $340.3m $586.5m $532.0m $468.0m $264.0m $415.0m $474.0m $528.0m $424.0m $299.0m $1.3b
Earnings Per Share, Basic $1.48 $2.64 $2.46 $2.40 $1.61 $2.71 $3.28 $3.82 $3.21 $2.36 $3.72
Earnings Per Share, Diluted $1.45 $2.54 $2.42 $2.37 $1.60 $2.69 $3.25 $3.76 $3.18 $2.35 $3.71
Income (Loss) from Continuing Operations, Per Basic Share — — — — — — — $4 $3 $3 —
Income (Loss) from Continuing Operations, Per Diluted Share — — — — — — — $4 $3 $3 —
Common Stock, Dividends, Per Share, Declared $0.62 $0.78 $1.80 $2.00 $2.08 $2.12 $2.16 $2.20 $2.32 $2.48 —
Weighted Average Number of Shares Outstanding, Basic 232.9m 237.0m 249.0m 268.0m 302.0m 310.0m 307.0m 312.0m 319.0m 329.0m 339.0m
Weighted Average Number of Shares Outstanding, Diluted 470.0m 477.4m 473.0m 469.0m 468.0m 464.0m 455.0m 456.0m 454.0m 457.0m 458.5m
Additional Financial Items
Lease Income — — — $176.0m $109.0m $793.0m $813.0m $851.0m $837.0m $832.0m —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $243.9m $133.6m $238.0m $341.0m $66.0m $110.0m $117.0m $265.0m $364.0m $1.2b —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — $0 $0 ($126.0m) —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.