Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.15B | $4.58B | $5.36B | $5.60B | $4.97B | $5.74B | $6.50B | $7.02B | $8.41B | $9.43B |
| Revenue growth | — | 10.4% | 17.1% | 4.6% | -11.3% | 15.5% | 13.3% | 7.9% | 19.7% | 12.2% |
| Operating income | $1.67B | $1.74B | $1.92B | $2.01B | $1.42B | $1.88B | $1.90B | $2.05B | $2.42B | $2.20B |
| Operating margin | 40.2% | 37.9% | 35.8% | 35.8% | 28.6% | 32.7% | 29.2% | 29.2% | 28.8% | 23.3% |
| Net income | $956M | $1.24B | $1.14B | $1.11B | $750M | $1.25B | $1.48B | $1.72B | $1.45B | $1.07B |
| Net margin | 23.1% | 27.0% | 21.4% | 19.8% | 15.1% | 21.8% | 22.8% | 24.5% | 17.2% | 11.4% |
| EPS (diluted) | $1.45 | $2.54 | $2.42 | $2.37 | $1.60 | $2.69 | $3.25 | $3.76 | $3.18 | $2.35 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.25B | $1.39B | $1.17B | $1.48B | $921M | $1.73B | $1.49B | $1.32B | $1.50B | $1.71B |
| Capital expenditures | $34.0M | $37.0M | $86.0M | $62.0M | $117M | $106M | $100M | $120M | $201M | $265M |
| Free cash flow | $1.22B | $1.35B | $1.08B | $1.41B | $804M | $1.62B | $1.39B | $1.20B | $1.30B | $1.45B |
| Share buybacks | — | — | — | $0.00 | $0.00 | $551M | $326M | $500M | $0.00 | $0.00 |
| Dividends paid | $538M | $664M | $728M | $901M | $959M | $974M | $971M | $990M | $1.03B | $1.11B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.48B | $1.10B | $913M | $1.53B | $1.56B | $1.09B | $1.18B | $1.14B | $1.33B | $1.16B |
| Total assets | $19.1B | $21.2B | $21.3B | $22.4B | $22.8B | $23.2B | $22.7B | $23.4B | $24.6B | $25.6B |
| Total liabilities | $12.3B | $16.7B | $17.0B | $18.1B | $19.1B | $19.4B | $18.5B | $18.7B | $19.8B | $20.5B |
| Long-term debt | $8.41B | $11.8B | $11.8B | $11.8B | $12.4B | $12.9B | $12.8B | $12.9B | $13.5B | $13.3B |
| Shareholders' equity | $1.70B | $2.23B | $2.10B | $2.49B | $2.17B | $2.24B | $2.50B | $2.87B | $3.11B | $3.63B |
| Retained earnings | $446M | $651M | $519M | $775M | $622M | $791M | $1.12B | $1.60B | $1.86B | $1.79B |
| Shares (wtd avg diluted) | 470M | 477M | 473M | 469M | 468M | 464M | 455M | 456M | 454M | 457M |
Every figure is extracted from Restaurant Brands International Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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