Restaurant Brands International Inc. income statement & cash flow
In the fiscal year ended Dec 31, 2025, Restaurant Brands International Inc. reported net income of $1.07B on revenue of $9.43B. Operating cash flow was $1.71B and capital expenditures were $265.00M, leaving $1.45B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.15B | $4.58B | $5.36B | $5.60B | $4.97B | $5.74B | $6.50B | $7.02B | $8.41B | $9.43B |
| Operating income | $1.67B | $1.74B | $1.92B | $2.01B | $1.42B | $1.88B | $1.90B | $2.05B | $2.42B | $2.20B |
| Net income | $956.00M | $1.24B | $1.14B | $1.11B | $750.00M | $1.25B | $1.48B | $1.72B | $1.45B | $1.07B |
| Diluted EPS | $1.45 | $2.54 | $2.42 | $2.37 | $1.60 | $2.69 | $3.25 | $3.76 | $3.18 | $2.35 |
| Operating cash flow | $1.25B | $1.39B | $1.17B | $1.48B | $921.00M | $1.73B | $1.49B | $1.32B | $1.50B | $1.71B |
| Capital expenditures | $34.00M | $37.00M | $86.00M | $62.00M | $117.00M | $106.00M | $100.00M | $120.00M | $201.00M | $265.00M |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 23.3% | 11.4% |
| Dec 2024 | — | 28.8% | 17.2% |
| Dec 2023 | — | 29.2% | 24.5% |
| Dec 2022 | — | 29.2% | 22.8% |
| Dec 2021 | — | 32.7% | 21.8% |
Source: SEC EDGAR XBRL company facts for CIK 1618756 (raw data). Most recent filing in this dataset: 10-Q filed Oct 29, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.