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Restaurant Brands International logo

Restaurant Brands International Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Restaurant Brands International holds $24.9B in total assets. Shareholders' equity is $3.7B against $15.6B in total debt. Cash and equivalents total $1.0B. The current ratio is 0.989 and debt-to-equity is 4.18. Based on the Q1 2026 filing.

Total Assets$24.9BTotal Stockholders Equity$3.7BLong Term Debt$13.2BCash And Equivalents$1.0BTotal Current Assets$2.2BTotal Current Liabilities$2.2B
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$25.6B
P/E Ratio19.74
ROE37.88%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$765M$697M$763M$826M$866M$813M
Accrued expenses$1.1B$105M$123M$139M$155M$98M
Accrued interest$69M$96M$69M$96M$69M$96M
Accrued Manufacturing Costs$143M$105M$123M$139M$155M$98M
Accrued Marketing and Advertising Expenses$35M$47M$62M$68M$44M$37M
Accrued Progress Collections and Price Adjustments$517M$501M$514M$511M$517M$503M
Contract liabilities$517M$501M$514M$511M$517M$503M
Accrued Income Taxes, Current$228M$122M$173M$220M$188M$114M
Gift card liability$236M$183M$189M$170M$249M$191M
Compensation and benefits$143M$105M$123M$139M$155M$98M
Other accrued liabilities$124M$102M$128M$155M$230M$132M
Current portion of long-term debt$187M$183M$185M$79M$32M$40M
Current Portion of Long-Term Debt and Finance Lease Obligations$222M$218M$221M$116M$68M$75M
Deferred revenue—$40M$27M$14M—$40M
Derivative Liabilities - Fair Value$1M$36M$385M$262M$293M$191M
Dividends payable$262M$282M$282M$282M$283M$297M
Income taxes payable$228M$122M$173M$220M$188M$114M
Liabilities held for sale$0$500M$446M$458M$437M$0
Operating lease liabilities, current$193M$195M$201M$200M$200M$211M
Restructuring Reserve$16M$14M$20M$23M$25M$25M
Supplier Finance Program Obligations$22M$33M$32M$61M$38M$50M
Total current liabilities$2.4B$2.6B$2.8B$2.8B$2.9B$2.2B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$698M$677M$778M$761M$794M$767M
Allowance for Credit Losses - Receivable (Current)$57M$46M$58M$63M$54M$37M
Assets held for sale$0$645M$622M$631M$489M$0
Cash and cash equivalents$1.3B$899M$1B$1.2B$1.2B$1B
Total Cash, Cash Equivalents, and Restricted Cash (Inclusive)$1.3B$899M$1B$1.2B$1.2B$1B
Derivative Assets - Fair Value$286M$201M$100M$80M$66M$93M
Inventories$142M$159M$167M$216M$205M$203M
Prepaid expenses and other current assets$108M$150M$195M$201M$179M$172M
Total current assets$2.3B$2.5B$2.8B$3B$2.8B$2.2B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$1.1B-$1.1B-$946M-$1B-$1B-$1.1B
Common stock$2.4B$2.4B$2.5B$2.5B$2.9B$2.9B
Common Stock Shares Issued324.4M327.6M327.8M327.8M346.3M347.3M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$2.4B$2.4B$2.5B$2.5B$2.9B$2.9B
Noncontrolling interests$1.7B$1.7B$1.8B$1.8B$1.5B$1.5B
Retained earnings$1.9B$1.8B$1.8B$1.9B$1.8B$1.9B
Share Repurchase Authorization Limit—$500M$500M$500M—$966M
Share Repurchase Program - Amount Remaining—$500M$500M$500M—$966M
Total liabilities and stockholders' equity$24.6B$24.9B$25.7B$25.7B$25.6B$24.9B
Total stockholders' equity$3.1B$3.1B$3.3B$3.4B$3.6B$3.7B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Liabilities, Non-Current$517M$501M$514M$511M$517M$503M
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$117M$111M$104M$98M$90M$84M
Defined Benefit Pension Plan Liabilities (Non-Current)$23M$23M$24M$24M$23M$24M
Derivative Liabilities (Non-Current)$1M$36M$385M$260M$290M$191M
Finance lease liabilities$286M$280M$282M$269M$261M$253M
Long-term debt$13.5B$13.4B$13.4B$13.4B$13.3B$13.2B
Deferred revenue, net of current portion$517M$501M$514M$511M$517M$503M
Retirement and nonpension postretirement benefit obligations$23M$23M$24M$24M$23M$24M
Operating lease liabilities, non-current$1.8B$1.8B$1.8B$1.8B$1.9B$1.9B
Other non-current liabilities$706M$733M$1.1B$977M$1B$931M
Lease intangible liabilities, net$30M$29M$29M$26M$25M$23M
Total Carrying Value of Debt$13.7B$13.6B$13.6B$13.6B$13.4B$13.4B
Total liabilities$19.8B$20.1B$20.6B$20.5B$20.5B$19.6B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$1.2B$1.2B$1.2B$1.2B$1.1B$1.1B
Deferred Tax Assets and Other Non-Current Assets$1.4B$1.2B$1.2B$1.1B$1B$1.2B
Equity method investments$113M$114M$120M$117M$111M$196M
Finite Lived Intangible Assets - Gross$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Goodwill$6B$6.1B$6.3B$6.2B$6.3B$6.3B
Indefinite-Lived Intangible Assets————$10.5B$10.5B
Indefinite-Lived Intangible Assets, Gross————$10.5B$10.5B
Indefinite-Lived Research and Development Assets————$10.5B$10.5B
Indefinite-Lived Trademarks————$10.5B$10.5B
Intangible assets, net$10.9B$696M$688M$666M$648M$624M
Intangible assets — net$711M$696M$688M$666M$648M$624M
Other intangible assets—net$10.9B$10.9B$11.3B$11.1B$11.2B$11.1B
Operating lease right-of-use assets$1.9B$1.9B$1.9B$1.9B$2B$2B
Other non-current assets$1.4B$1.2B$1.2B$1.1B$1B$1.2B
Operating lease right-of-use assets$1.9B$1.9B$1.9B$1.9B$2B$2B
Operating Lease Right-of-Use Assets in Other Assets$1.9B$1.9B$1.9B$1.9B$2B$2B
Other non-current assets$1.4B$29M$27M$47M$57M$63M
Accumulated depreciation$1.1B$1.1B$1.2B$1.2B$1.2B$1.3B
Property and equipment, net$2.2B$2.2B$2.2B$2.3B$2.3B$2.3B
Software and Technology Licenses, Net$1.4B$1.2B$1.2B$1.1B$1B$1.2B
Total assets$24.6B$24.9B$25.7B$25.7B$25.6B$24.9B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Fair Value Measurement Disclosure$1M$36M$385M$262M$293M$191M
Number of Countries of Operation—12000.0%12000.0%12000.0%—12000.0%
Gross Assets/Liabilities$1M$36M$385M$262M$293M$191M
Income taxes payable – long-term$52M$53M$55M$53M$77M$80M
Short-term financing receivables held for investment, allowances$57M$46M$58M$63M$54M$37M
Percent of system-wide restaurants franchised—90.0%90.0%90.0%—95.0%
Cash and cash equivalents, end of period$1.3B$899M$1B$1.2B$1.2B$1B
Common stock, no par value (in dollars per share)$0.00$0.00$0.00$0.00$0.00$0.00
Common stock, shares issued (in shares)$324.4M$327.6M$327.8M$327.8M$346.3M$347.3M
Common Stock, Shares, Outstanding$324.4M$327.6M$327.8M$327.8M$346.3M$347.3M
Deferred income$71M$66M$77M$94M$77M$89M
Deferred income$54M$62M$60M$56M$45M$47M
Contract with Customer, Liability$517M$501M$514M$511M$517M$503M
Long-term debt, gross$13.7B$13.6B$13.6B$13.6B$13.4B$13.4B
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net$117M$111M$104M$98M$90M$84M
Deferred income taxes$1.2B$1.2B$1.2B$1.2B$1.1B$1.1B
Derivative, gross, assets$286M$201M$100M$80M$66M$93M
Derivatives, gross, liabilities$1M$36M$385M$262M$293M$191M
Derivative Liability, Noncurrent$1M$36M$385M$260M$290M$191M
Assumed conversion of convertible securities, percent—————100.0%
Equity method investments (Note 11)$113M$114M$120M$117M$111M$196M
Finite-Lived Intangible Assets, Accumulated Amortization$444M$464M$494M$496M$515M$528M
Gross Carrying Amount$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Trademarks————$10.5B$10.5B
Less: current maturities$222M$218M$221M$116M$68M$75M
Fair value of long-term debt$13.1B$13.2B$13.3B$13.4B$13.3B$13.1B
Noncontrolling interests in subsidiaries$1.7B$1.7B$1.8B$1.8B$1.5B$1.5B
Number of countries in which Visa operates (more than)—$120$120$120—$120
Number of Restaurants—$32.1K$32.2K$32.4K—$33K
Other accrued liabilities$1.1B$1B$1.1B$1.3B$1.3B$1.1B
Severance accrual, current$16M$14M$20M$23M$25M$25M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$40M$27M$14M—$40M
Share Repurchase Program, Remaining Authorized, Amount—$500M$500M$500M—$966M
Number of Stores—32149.0032229.0032423.00—32985.00