RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP

EDGAR

Annual consolidated revenue for 2025: about USD 9.434B, using the latest reported figures. The previous period, 2024, was about USD 8.406B.

Watchlist

Latest quarter

Revenue

2.53 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Revenue: 2525000000 USD Source

Operating margin

27.56%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 696000000 USD Source
  • Revenue: 2525000000 USD Source

Operating cash flow

551 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1308000000 USD Source
  • Operating Cash Flow: 757000000 USD Source

Free cash flow

479 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1308000000 USD Source
  • Operating Cash Flow: 757000000 USD Source
  • Capital Expenditure: 181000000 USD Source
  • Capital Expenditure: 109000000 USD Source
Cash and cash equivalents
1.56 billion USD Source
Exact value

1563000000 USD

Long-term debt including current maturities
13.2 billion USD Source
Exact value

13240000000 USD

Shares outstanding
Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

9.78 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 9434000000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 6968000000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 2264000000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 2520000000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 2525000000 USD · 2026-07-01 – 2026-09-30 Source

Net income

750 million USD

2020-01-01 – 2020-12-31

Exact inputs and evidence
  • Net income: 224000000 USD · 2020-01-01 – 2020-03-31 Source
  • Net income: 164000000 USD · 2020-04-01 – 2020-06-30 Source
  • Net income: 223000000 USD · 2020-07-01 – 2020-09-30 Source
  • Net income: 139000000 USD · 2020-10-01 – 2020-12-31 Source

Operating cash flow

1.86 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 1714000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 1159000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 227000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 757000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 227000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 1308000000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 757000000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

283 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Capital expenditure: 265000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 163000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 58000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 109000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 58000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 181000000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 109000000 USD · 2026-01-01 – 2026-06-30 Source

Free cash flow

1.58 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 1714000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 1159000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 227000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 757000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 227000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 1308000000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 757000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 265000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 163000000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 58000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 109000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 58000000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 181000000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 109000000 USD · 2026-01-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • net income: No compatible figures in this window
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 6 of 11 periods available· newest 2020-12-31
  • Long-term debt including current maturities: 11 of 11 periods available· newest 2025-12-31
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +12.2%

    Prior period

    USD 8.41 billion

    –

    Current period

    USD 9.43 billion

    –

    Exact inputs and evidence

    9434000000 − 8406000000 = 1028000000 USD

    8406000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    9434000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +14%

    Prior period

    USD 1.5 billion

    –

    Current period

    USD 1.71 billion

    –

    Exact inputs and evidence

    1714000000 − 1503000000 = 211000000 USD

    1503000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1714000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Capital expenditure

    +31.8%

    Prior period

    USD 201 million

    –

    Current period

    USD 265 million

    –

    Exact inputs and evidence

    265000000 − 201000000 = 64000000 USD

    201000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    265000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Net income.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 9.43 billion 100% of revenue
  • Operating costs Derived USD 7.23 billion 77% of revenue
  • Operating income USD 2.2 billion 23% of revenue
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income Unavailable An input is unavailable.

Cash

  • Operating cash flow USD 1.71 billion 18% of revenue
  • Capital expenditure USD 265 million 2.8% of revenue
  • Free cash flow Derived USD 1.45 billion 15% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Not shown: operating income or net income is not reported.
  • 2017 Not shown: operating income or net income is not reported.
  • 2018 Not shown: operating income or net income is not reported.
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-314146000000 2479000000 Derived 1667000000 UnavailableUnavailable1180000000 Derived
Source
2017 2017-01-01 – 2017-12-314576000000 2841000000 Derived 1735000000 UnavailableUnavailable1394000000 Derived
Source
2018 2018-01-01 – 2018-12-315357000000 3440000000 Derived 1917000000 UnavailableUnavailable1079000000 Derived
Source
2019 2019-01-01 – 2019-12-315603000000 3596000000 Derived 2007000000 UnavailableUnavailable1414000000 Derived
Source
2020 2020-01-01 – 2020-12-314968000000 3546000000 Derived 1422000000 UnavailableUnavailable804000000 Derived
Source
2021 2021-01-01 – 2021-12-315739000000 3860000000 Derived 1879000000 UnavailableUnavailable1620000000 Derived
Source
2022 2022-01-01 – 2022-12-316505000000 4607000000 Derived 1898000000 UnavailableUnavailable1390000000 Derived
Source
2023 2023-01-01 – 2023-12-317022000000 4971000000 Derived 2051000000 UnavailableUnavailable1203000000 Derived
Source
2024 2024-01-01 – 2024-12-318406000000 5987000000 Derived 2419000000 UnavailableUnavailable1302000000 Derived
Source
2025 2025-01-01 – 2025-12-319434000000 7232000000 Derived 2202000000 UnavailableUnavailable1449000000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 9.4B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.10.2B7.6B5.1B2.5B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue4146000000
2017Revenue4576000000
2018Revenue5357000000
2019Revenue5603000000
2020Revenue4968000000
2021Revenue5739000000
2022Revenue6505000000
2023Revenue7022000000
2024Revenue8406000000
2025Revenue9434000000

Revenue growth

Change in revenue from the same financial period one year earlier.

12.2% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.22.2%13.2%4.2%-4.8%-13.8%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year2.3%
2017Year over year10.4%
2018Year over year17.1%
2019Year over year4.6%
2020Year over year-11.3%
2021Year over year15.5%
2022Year over year13.3%
2023Year over year7.9%
2024Year over year19.7%
2025Year over year12.2%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 23.3% 2025
Free cash flow margin 15.4% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.43%33%22%11%0%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin40.2%
2017Operating margin37.9%
2018Operating margin35.8%
2019Operating margin35.8%
2020Operating margin28.6%
2021Operating margin32.7%
2022Operating margin29.2%
2023Operating margin29.2%
2024Operating margin28.8%
2025Operating margin23.3%
2016-12-31Net marginNot reported
2017-12-31Net marginNot reported
2018-12-31Net marginNot reported
2019-12-31Net marginNot reported
2020-12-31Net marginNot reported
2021-12-31Net marginNot reported
2022-12-31Net marginNot reported
2023-12-31Net marginNot reported
2024-12-31Net marginNot reported
2025-12-31Net marginNot reported
2016Free cash flow margin28.5%
2017Free cash flow margin30.5%
2018Free cash flow margin20.1%
2019Free cash flow margin25.2%
2020Free cash flow margin16.2%
2021Free cash flow margin28.2%
2022Free cash flow margin21.4%
2023Free cash flow margin17.1%
2024Free cash flow margin15.5%
2025Free cash flow margin15.4%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 1.7B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.9B1.4B932.0M466.0M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow1214000000
2017Operating cash flow1431000000
2018Operating cash flow1165000000
2019Operating cash flow1476000000
2020Operating cash flow921000000
2021Operating cash flow1726000000
2022Operating cash flow1490000000
2023Operating cash flow1323000000
2024Operating cash flow1503000000
2025Operating cash flow1714000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 1.4B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.7B1.3B874.8M437.4M0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow1180000000
2017Free cash flow1394000000
2018Free cash flow1079000000
2019Free cash flow1414000000
2020Free cash flow804000000
2021Free cash flow1620000000
2022Free cash flow1390000000
2023Free cash flow1203000000
2024Free cash flow1302000000
2025Free cash flow1449000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

79.9% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.90%68%45%23%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets64.5%
2017Liabilities / assets78.5%
2018Liabilities / assets82%
2019Liabilities / assets81%
2020Liabilities / assets83.7%
2021Liabilities / assets83.4%
2022Liabilities / assets81.2%
2023Liabilities / assets79.8%
2024Liabilities / assets80.3%
2025Liabilities / assets79.9%

Current assets to current liabilities

Current assets divided by current liabilities.

0.98× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.83×1.38×0.92×0.46×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities1.7×
2017Current assets / current liabilities1.06×
2018Current assets / current liabilities1.07×
2019Current assets / current liabilities1.29×
2020Current assets / current liabilities1.41×
2021Current assets / current liabilities0.97×
2022Current assets / current liabilities0.97×
2023Current assets / current liabilities1.01×
2024Current assets / current liabilities0.97×
2025Current assets / current liabilities0.98×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
Unavailable Not reported for this period.
USD 1.21 billion
Exact value

Exact value: 1214000000 USD

2016-01-01 – 2016-12-31: 1214000000 USD Inspect Operating Cash Flow Open source
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USD 34 million
Exact value

Exact value: 34000000 USD

2016-01-01 – 2016-12-31: 34000000 USD Inspect Capital Expenditure Open source
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USD 1.18 billion
Calculation and evidence

1214000000 − 34000000 USD

Exact free cash flow: 1180000000 USD

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2017 2017-01-01 – 2017-12-31
Unavailable Not reported for this period.
USD 1.43 billion
Exact value

Exact value: 1431000000 USD

2017-01-01 – 2017-12-31: 1431000000 USD Inspect Operating Cash Flow Open source
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USD 37 million
Exact value

Exact value: 37000000 USD

2017-01-01 – 2017-12-31: 37000000 USD Inspect Capital Expenditure Open source
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USD 1.39 billion
Calculation and evidence

1431000000 − 37000000 USD

Exact free cash flow: 1394000000 USD

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2018 2018-01-01 – 2018-12-31
Unavailable Not reported for this period.
USD 1.17 billion
Exact value

Exact value: 1165000000 USD

2018-01-01 – 2018-12-31: 1165000000 USD Inspect Operating Cash Flow Open source
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USD 86 million
Exact value

Exact value: 86000000 USD

2018-01-01 – 2018-12-31: 86000000 USD Inspect Capital Expenditure Open source
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USD 1.08 billion
Calculation and evidence

1165000000 − 86000000 USD

Exact free cash flow: 1079000000 USD

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2019 2019-01-01 – 2019-12-31
Unavailable Not reported for this period.
USD 1.48 billion
Exact value

Exact value: 1476000000 USD

2019-01-01 – 2019-12-31: 1476000000 USD Inspect Operating Cash Flow Open source
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USD 62 million
Exact value

Exact value: 62000000 USD

2019-01-01 – 2019-12-31: 62000000 USD Inspect Capital Expenditure Open source
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USD 1.41 billion
Calculation and evidence

1476000000 − 62000000 USD

Exact free cash flow: 1414000000 USD

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2020 2020-01-01 – 2020-12-31
Unavailable Not reported for this period.
USD 921 million
Exact value

Exact value: 921000000 USD

2020-01-01 – 2020-12-31: 921000000 USD Inspect Operating Cash Flow Open source
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USD 117 million
Exact value

Exact value: 117000000 USD

2020-01-01 – 2020-12-31: 117000000 USD Inspect Capital Expenditure Open source
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USD 804 million
Calculation and evidence

921000000 − 117000000 USD

Exact free cash flow: 804000000 USD

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2021 2021-01-01 – 2021-12-31
Unavailable Not reported for this period.
USD 1.73 billion
Exact value

Exact value: 1726000000 USD

2021-01-01 – 2021-12-31: 1726000000 USD Inspect Operating Cash Flow Open source
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USD 106 million
Exact value

Exact value: 106000000 USD

2021-01-01 – 2021-12-31: 106000000 USD Inspect Capital Expenditure Open source
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USD 1.62 billion
Calculation and evidence

1726000000 − 106000000 USD

Exact free cash flow: 1620000000 USD

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2022 2022-01-01 – 2022-12-31
Unavailable Not reported for this period.
USD 1.49 billion
Exact value

Exact value: 1490000000 USD

2022-01-01 – 2022-12-31: 1490000000 USD Inspect Operating Cash Flow Open source
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USD 100 million
Exact value

Exact value: 100000000 USD

2022-01-01 – 2022-12-31: 100000000 USD Inspect Capital Expenditure Open source
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USD 1.39 billion
Calculation and evidence

1490000000 − 100000000 USD

Exact free cash flow: 1390000000 USD

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2023 2023-01-01 – 2023-12-31
Unavailable Not reported for this period.
USD 1.32 billion
Exact value

Exact value: 1323000000 USD

2023-01-01 – 2023-12-31: 1323000000 USD Inspect Operating Cash Flow Open source
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USD 120 million
Exact value

Exact value: 120000000 USD

2023-01-01 – 2023-12-31: 120000000 USD Inspect Capital Expenditure Open source
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USD 1.2 billion
Calculation and evidence

1323000000 − 120000000 USD

Exact free cash flow: 1203000000 USD

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2024 2024-01-01 – 2024-12-31
Unavailable Not reported for this period.
USD 1.5 billion
Exact value

Exact value: 1503000000 USD

2024-01-01 – 2024-12-31: 1503000000 USD Inspect Operating Cash Flow Open source
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USD 201 million
Exact value

Exact value: 201000000 USD

2024-01-01 – 2024-12-31: 201000000 USD Inspect Capital Expenditure Open source
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USD 1.3 billion
Calculation and evidence

1503000000 − 201000000 USD

Exact free cash flow: 1302000000 USD

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2025 2025-01-01 – 2025-12-31
Unavailable Not reported for this period.
USD 1.71 billion
Exact value

Exact value: 1714000000 USD

2025-01-01 – 2025-12-31: 1714000000 USD Inspect Operating Cash Flow Open source
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USD 265 million
Exact value

Exact value: 265000000 USD

2025-01-01 – 2025-12-31: 265000000 USD Inspect Capital Expenditure Open source
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USD 1.45 billion
Calculation and evidence

1714000000 − 265000000 USD

Exact free cash flow: 1449000000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

54 filings · 10,337 latest values · 10,337 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001618755, 1618755, QSP, RSTRF, edgar:1618755

Also known as New Red Canada Limited Partnership, New Red Canada Partnership, RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP, Restaurant Brands International Limited Partnership