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Restaurant Brands International QSR United States — Total

Other geography segments

Canada
$1.44B

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Other financials

Income statement

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Revenue$2.5B+4.6%
Gross profit$1.1B+8.9%
Operating income$716.0M+48.2%
Net income$665.0M+153%
EPS (diluted)$1.45+154%

Balance sheet

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Cash & equivalents$1.1B+3.6%
Total debt$15.6B-2.0%
Total equity$3.9B+16.1%
Total assets$25.0B-2.6%

Cash flow

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Operating cash flow$530.0M+18.0%
CapEx$51.0M+34.2%
Free cash flow$479.0M+16.5%

Valuation

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Market cap$25.43B+13.1%
Enterprise value$39.98B+7.0%
P/E15×-3.7×
P/S2.6×+0.2×

Profitability

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Gross margin65.3%+0.9pp
Operating margin26.9%+3.5pp
Net margin17.5%+4.3pp
FCF margin16.8%+2.0pp

Returns & leverage

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Return on equity47.5%+9.8pp
Debt / equity4.1×-0.7×
Current ratio0.0×

Where this comes from

Reported directly by Restaurant Brands International in its filing.

Tagged under the XBRL concept us-gaap:NoncurrentAssets.

The source filing: Restaurant Brands International’s 10-K, filed February 20, 2026.

Filed
Feb 20, 2026, 3:40 PM EST
Fiscal year
FY2025
Accession
0001618756-26-000017
Line itemAs of December 31, 2025As of December 31, 2024
By country:
United States$2,736$2,684
Canada1,5301,435
Other7752
Total$4,343$4,171

Item 8. Financial Statements and Supplementary Data

FAQ

What is Restaurant Brands International's united states — total?
Restaurant Brands International (QSR) reported united states — total of $2.74B in Q4 2025.
What does united states — total mean?
Reflects the aggregate financial performance or total activity volume attributed to the United States segment. This metric provides a consolidated view of the segment's contribution to the overall corporate financial profile. It is used by management to assess the scale and relative importance of U.S. operations compared to international markets.

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