Growth Streak≈9Consecutive years of dividend growth
Ex-date
Amount
Currency
Yield
Sep 18, 2026
$0.65
USD
≈3.5%
Jun 23, 2026
$0.65
USD
≈3.5%
Mar 19, 2026
$0.65
USD
≈3.4%
Dec 23, 2025
$0.62
USD
≈3.6%
Sep 23, 2025
$0.62
USD
≈3.8%
Jun 24, 2025
$0.62
USD
≈3.7%
Mar 21, 2025
$0.62
USD
≈3.5%
Dec 20, 2024
$0.58
USD
≈3.5%
Sep 20, 2024
$0.58
USD
≈3.3%
Jun 21, 2024
$0.58
USD
≈3.3%
Mar 20, 2024
$0.58
USD
≈2.8%
Dec 20, 2023
$0.55
USD
≈2.9%
Sep 19, 2023
$0.55
USD
≈3.2%
Jun 21, 2023
$0.55
USD
≈2.9%
Mar 21, 2023
$0.55
USD
≈3.5%
Dec 20, 2022
$0.54
USD
≈3.3%
Sep 20, 2022
$0.54
USD
≈3.7%
Jun 21, 2022
$0.54
USD
≈4.4%
Mar 22, 2022
$0.54
USD
≈3.7%
Dec 20, 2021
$0.53
USD
≈3.7%
Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise-0.07%
Next ReportOct 29, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 6, 2026
$1.07
$1.04
2.8%
March 31, 2026
$0.86
$0.83
3.5%
Dec. 31, 2025
$0.96
$0.96
0.23%
Sept. 30, 2025
$1.03
$1.01
1.9%
June 30, 2025
$0.94
$0.98
-3.7%
March 31, 2025
$0.75
$0.79
-5.1%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement14
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$9.43B
$8.41B
$7.02B
$6.50B
$5.74B
$4.97B
$5.60B
·
·
$4.15B
Cost of Revenue
·
·
$2.44B
$2.31B
$1.89B
$1.61B
$1.81B
·
·
$1.73B
SG&A Expense
$741M
$733M
$704M
$631M
$484M
$407M
$406M
·
·
$319M
Operating Expenses
$7.23B
$5.99B
$4.97B
$4.61B
$3.86B
$3.55B
$3.60B
·
·
$2.48B
Operating Income
$2.20B
$2.42B
$2.05B
$1.90B
$1.88B
$1.42B
$2.01B
·
·
$1.67B
Interest Income
$31M
$39M
$40M
$7M
$3M
$9M
$20M
·
·
$4M
Pretax Income
$1.68B
$1.81B
$1.45B
$1.36B
$1.36B
$816M
$1.45B
·
·
$1.20B
Income Tax
$483M
$364M
$-265M
$-117M
$110M
$66M
$341M
·
·
$244M
Net Income
$1.07B
$1.45B
$1.72B
$1.48B
$1.25B
$750M
$1.11B
·
·
·
EPS (Basic)
$2.36
$3.21
$3.82
$3.28
$2.71
$1.61
$2.40
·
·
$1.48
EPS (Diluted)
$2.35
$3.18
$3.76
$3.25
$2.69
$1.60
$2.37
·
·
$1.45
Shares (Basic)
329,000,000
319,000,000
312,000,000
307,000,000
310,000,000
302,000,000
268,000,000
·
·
233,000,000
Shares (Diluted)
457,000,000
454,000,000
456,000,000
455,000,000
464,000,000
468,000,000
469,000,000
·
·
470,000,000
EBITDA
$2.20B
$2.42B
$2.05B
$1.90B
$1.88B
$1.42B
$2.01B
·
·
$1.67B
Balance Sheet25
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Cash & Equivalents
·
·
·
·
·
·
·
$913M
$1.10B
$1.48B
Inventory
$205M
$142M
$166M
$133M
$96M
$96M
$84M
$75M
$78M
$72M
Prepaid Expense
$179M
$108M
$119M
$123M
$86M
$72M
$52M
$60M
$63M
$104M
Current Assets
$2.83B
$2.28B
$2.17B
$2.05B
$1.82B
$2.26B
$2.20B
$1.50B
$1.73B
$2.10B
PP&E (Net)
$2.30B
$1.18B
$1.33B
$1.40B
$1.51B
$1.52B
$2.01B
$2.02B
$2.13B
$2.05B
PP&E (Gross)
$1.85B
$1.76B
$1.99B
$2.02B
$2.10B
$2.06B
$2.75B
·
·
$2.53B
Accum. Depreciation
$628M
$582M
$656M
$625M
$587M
$534M
$746M
·
·
$474M
Goodwill
$6.31B
$5.99B
$5.78B
$5.69B
$6.01B
$5.74B
$5.65B
$5.49B
$5.78B
$4.68B
Intangibles
$11.19B
$10.92B
$11.11B
$10.99B
$11.42B
$10.70B
$10.56B
$10.33B
$11.06B
$9.23B
Other Non-current Assets
$1.02B
$1.35B
$1.26B
$987M
$762M
$824M
$719M
$642M
$533M
$260M
Total Assets
$25.61B
$24.63B
$23.39B
$22.75B
$23.25B
$22.78B
$22.36B
$21.18B
$21.31B
$19.12B
Accounts Payable
$866M
$765M
$790M
$758M
$614M
$464M
$644M
$513M
$496M
$370M
Current Liabilities
$2.89B
$2.36B
$2.14B
$2.12B
$1.88B
$1.60B
$1.70B
$1.52B
$1.62B
$1.21B
Capital Leases
$1.90B
$1.77B
$1.06B
$1.03B
$1.07B
$1.08B
$1.09B
·
$244M
$218M
Deferred Tax
$1.12B
$1.21B
$1.30B
$1.31B
$1.37B
$1.43B
$1.56B
$1.53B
$1.45B
$1.72B
Other Non-current Liabilities
$1.03B
$706M
$996M
$872M
$1.82B
$2.24B
$1.70B
$1.42B
$1.88B
$785M
Total Liabilities
$20.46B
$19.79B
$18.66B
$18.48B
$19.39B
$19.06B
$18.10B
$17.54B
$17.00B
$12.34B
Long-term Debt
$13.28B
$13.64B
$12.92B
$12.93B
$12.98B
$12.48B
$11.83B
·
·
$8.48B
Total Debt
$13.28B
$13.64B
$12.92B
$12.93B
$12.98B
$12.48B
$11.83B
·
·
$8.48B
Common Stock
$2.86B
$2.36B
$1.97B
$2.06B
$2.16B
$2.40B
$2.48B
$1.74B
$2.05B
$1.96B
Retained Earnings
$1.79B
$1.86B
$1.60B
$1.12B
$791M
$622M
$775M
$686M
$519M
$446M
AOCI
$-1.02B
$-1.11B
$-706M
$-679M
$-710M
$-854M
$-763M
$-800M
$-476M
$-698M
Stockholders' Equity
$3.63B
$3.11B
$2.87B
$2.50B
$2.24B
$2.17B
$2.49B
$1.62B
$2.10B
$1.70B
Liabilities + Equity
$25.61B
$24.63B
$23.39B
$22.75B
$23.25B
$22.78B
$22.36B
$21.18B
$21.31B
$19.12B
Shares Outstanding
346,323,165
324,426,589
312,454,851
307,142,436
309,025,068
304,718,749
298,281,081
·
·
234,236,678
Cash Flow17
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
D&A
$301M
$264M
$191M
$190M
$201M
$189M
$185M
·
·
$172M
Stock-based Comp
$151M
$172M
$194M
$136M
$102M
$84M
$74M
·
·
$35M
Deferred Tax
$97M
$-5M
$-430M
$-60M
$-5M
$-208M
$58M
·
·
$80M
Amort. of Intangibles
$69M
$58M
$37M
$39M
$41M
$43M
$44M
·
·
$72M
Operating Cash Flow
$1.71B
$1.50B
$1.32B
$1.49B
$1.73B
$921M
$1.48B
·
·
$1.25B
CapEx
$265M
$201M
$120M
$100M
$106M
$117M
$62M
·
·
$34M
Investing Cash Flow
$-318M
$-660M
$11M
$-64M
$-1.10B
$-79M
$-30M
·
·
$27M
Debt Issued
$0
$2.45B
$55M
$2M
$1.33B
$5.24B
$2.25B
·
·
$0
Net Debt Issued
$0
$2.45B
$55M
$2M
$1.33B
$527M
$-16M
·
·
$-70M
Stock Issued
·
$0
$0
$30M
$0
$0
·
·
·
·
Stock Repurchased
$0
$0
$500M
$326M
$551M
$0
$0
·
·
·
Net Stock Activity
$0
$0
$-500M
$-296M
$-551M
·
·
·
·
·
Dividends Paid
$1.11B
$1.03B
$990M
$971M
$974M
$959M
$901M
·
·
$538M
Financing Cash Flow
$-1.44B
$-625M
$-1.37B
$-1.31B
$-1.09B
$-821M
$-842M
·
·
$-591M
Net Change in Cash
$-105M
$195M
$-39M
$91M
$-473M
$27M
$620M
·
·
$684M
Taxes Paid
$450M
·
·
·
·
·
·
·
·
·
Free Cash Flow
$1.45B
$1.30B
$1.20B
$1.39B
$1.62B
$804M
$1.41B
·
·
$1.24B
Profitability7
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Operating Margin
23.3%
28.8%
29.2%
29.2%
32.7%
28.6%
35.8%
·
·
40.2%
Net Margin
11.4%
17.2%
24.5%
22.8%
21.8%
·
·
·
·
·
Pretax Margin
17.8%
21.5%
20.7%
21.0%
23.8%
16.4%
25.9%
·
·
28.9%
EBITDA Margin
23.3%
28.8%
29.2%
29.2%
32.7%
28.6%
35.8%
·
·
40.2%
ROA
4.3%
6.0%
7.4%
6.4%
5.5%
·
·
·
·
·
ROE
31.9%
48.4%
64.0%
62.6%
56.9%
·
·
·
·
·
ROIC
9.3%
11.5%
15.4%
13.4%
11.3%
8.9%
10.7%
·
·
13.0%
Liquidity & Solvency4
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Current Ratio
1.0
1.0
1.0
1.0
1.0
1.4
1.3
·
·
1.7
Quick Ratio
·
·
·
·
·
·
·
·
·
1.2
Debt / Equity
3.7
4.4
4.5
5.2
5.8
5.8
4.8
·
·
5.0
LT Debt / Equity
3.6
4.3
4.5
5.1
5.8
5.7
4.7
·
·
4.9
Efficiency2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Asset Turnover
0.4
0.4
0.3
0.3
0.2
0.2
0.3
·
·
0.2
Inventory Turnover
·
·
16.3
20.2
19.7
17.9
22.8
·
·
22.6
Per Share6
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Book Value / Share
$10.49
$9.59
$9.17
$8.14
$7.24
$7.11
$8.35
·
·
$7.27
Revenue / Share
$20.64
$18.52
$15.40
$14.30
$12.37
$10.62
$11.95
·
·
$8.82
Cash Flow / Share
$3.75
$3.31
$2.90
$3.27
$3.72
$1.97
$3.15
·
·
$2.70
Cash / Share
·
·
·
·
·
·
·
·
·
$6.23
Dividend / Share
$2.48
$2.32
$2.20
$2.16
$2.12
$2.08
$2.00
·
·
$0.62
EPS (TTM)
$2.35
$3.18
$3.76
$3.25
$2.69
$1.60
$2.37
·
·
$1.45
Growth Rates10
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue YoY
12.2%
19.7%
8.0%
13.4%
15.5%
·
·
·
·
·
Revenue CAGR 3Y
13.2%
13.6%
12.2%
·
·
·
·
·
·
·
Revenue CAGR 5Y
13.7%
·
·
·
·
·
·
·
·
·
EPS YoY
-26.1%
-15.4%
15.7%
20.8%
68.1%
·
·
·
·
·
EPS CAGR 3Y
-10.2%
5.7%
33.0%
·
·
·
·
·
·
·
EPS CAGR 5Y
8.0%
·
·
·
·
·
·
·
·
·
Net Income YoY
-25.6%
-15.9%
15.9%
18.3%
67.1%
·
·
·
·
·
Net Income CAGR 3Y
-10.2%
4.9%
31.8%
·
·
·
·
·
·
·
Net Income CAGR 5Y
7.5%
·
·
·
·
·
·
·
·
·
Dividends Paid CAGR 5Y
2.9%
·
·
·
·
·
·
·
·
·
Valuation (TTM)16
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue TTM
$9.43B
$8.41B
$7.02B
$6.50B
$5.74B
$4.97B
$5.60B
·
·
$4.15B
Net Income TTM
$1.07B
$1.45B
$1.72B
$1.48B
$1.25B
$750M
$1.11B
·
·
$956M
Market Cap
$23.63B
$21.15B
$24.41B
$19.86B
$18.75B
$18.62B
$19.02B
·
·
$11.16B
Enterprise Value
·
·
·
·
·
·
·
·
·
$18.19B
P/E
29.0
20.5
20.8
19.9
22.6
38.2
26.9
·
·
32.9
P/S
2.5
2.5
3.5
3.1
3.3
3.7
3.4
·
·
2.7
P/B
6.5
6.8
8.5
7.9
8.4
8.6
7.6
·
·
6.6
P / Cash Flow
13.8
14.1
18.5
13.3
10.9
20.2
12.9
·
·
8.8
P / FCF
16.3
16.2
20.3
14.3
11.6
23.2
13.5
·
·
9.0
EV / EBITDA
·
·
·
·
·
·
·
·
·
10.9
EV / FCF
·
·
·
·
·
·
·
·
·
14.7
EV / Revenue
·
·
·
·
·
·
·
·
·
4.4
Dividend Yield
4.7%
4.9%
4.1%
4.9%
5.2%
5.1%
4.7%
·
·
4.8%
Earnings Yield
3.4%
4.9%
4.8%
5.0%
4.4%
2.6%
3.7%
·
·
3.0%
Payout Ratio
103.1%
71.2%
57.6%
65.5%
77.7%
·
·
·
·
·
Annual Payout
$1.11B
$1.03B
$990M
$971M
$974M
$959M
$901M
·
·
$538M
Income Statement14
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Revenue
$2.52B
$2.26B
$2.47B
$2.45B
$2.41B
$2.11B
$2.30B
$2.29B
$2.08B
$1.74B
$1.82B
$1.84B
$1.77B
$1.59B
$1.69B
$1.73B
Cost of Revenue
·
·
·
·
·
·
·
·
·
$606M
·
$630M
$612M
$550M
·
$615M
SG&A Expense
$181M
$180M
$192M
$170M
$188M
$191M
$199M
$176M
$185M
$173M
$197M
$169M
$163M
$175M
$196M
$156M
Operating Expenses
$1.80B
$1.66B
$1.84B
$1.79B
$1.93B
$1.67B
$1.66B
$1.71B
$1.42B
$1.20B
$1.35B
$1.25B
$1.22B
$1.14B
$1.34B
$1.17B
Operating Income
$716M
$606M
$621M
$663M
$483M
$435M
$635M
$577M
$663M
$544M
$468M
$582M
$554M
$447M
$346M
$561M
Interest Income
$5M
$6M
$8M
$9M
$6M
$8M
$10M
$9M
$9M
$11M
$11M
$13M
$9M
$7M
$4M
$2M
Pretax Income
$592M
$483M
$494M
$534M
$351M
$305M
$500M
$429M
$484M
$396M
$316M
$423M
$409M
$305M
$202M
$428M
Income Tax
$-73M
$38M
$220M
$94M
$87M
$82M
$139M
$72M
$85M
$68M
$-410M
$59M
$58M
$28M
$-134M
$-102M
Net Income
$665M
$445M
$155M
$436M
$263M
$221M
$361M
$357M
$399M
$328M
$726M
$364M
$351M
$277M
$336M
$530M
EPS (Basic)
$1.46
$0.98
$0.33
$0.96
$0.58
$0.49
$0.80
$0.79
$0.89
$0.73
$1.64
$0.80
$0.77
$0.61
$0.74
$1.18
EPS (Diluted)
$1.45
$0.97
$0.33
$0.96
$0.57
$0.49
$0.79
$0.79
$0.88
$0.72
$1.59
$0.79
$0.77
$0.61
$0.73
$1.17
Shares (Basic)
348,000,000
347,000,000
·
328,000,000
328,000,000
326,000,000
·
319,000,000
317,000,000
314,000,000
·
314,000,000
312,000,000
309,000,000
·
306,000,000
Shares (Diluted)
460,000,000
459,000,000
·
457,000,000
457,000,000
456,000,000
·
454,000,000
453,000,000
453,000,000
·
459,000,000
458,000,000
456,000,000
·
454,000,000
EBITDA
$716M
$606M
·
$663M
$483M
$435M
·
$577M
$663M
$544M
·
$582M
$554M
$447M
·
$561M
Balance Sheet24
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Inventory
$224M
$203M
$205M
$216M
$167M
$159M
$142M
$169M
$160M
$152M
·
$160M
$171M
$145M
·
$129M
Prepaid Expense
$256M
$172M
$179M
$201M
$195M
$150M
$108M
$217M
$191M
$121M
·
$221M
$167M
$103M
·
$251M
Current Assets
$2.34B
$2.15B
$2.83B
$3.02B
$2.79B
$2.53B
$2.28B
$2.25B
$2.03B
$2.07B
·
$2.38B
$2.19B
$1.89B
·
$1.92B
PP&E (Net)
$2.23B
$2.26B
$1.22B
·
·
·
$1.18B
·
·
·
·
·
·
·
·
·
PP&E (Gross)
·
·
$1.85B
·
·
·
$1.76B
·
·
·
·
·
·
·
·
·
Accum. Depreciation
·
·
$628M
·
·
·
$582M
·
·
·
·
·
·
·
·
·
Goodwill
$6.18B
$6.25B
$6.31B
$6.22B
$6.30B
$6.10B
$5.99B
$6.19B
$6.14B
$5.70B
·
$5.68B
$5.77B
$5.70B
·
$5.61B
Intangibles
$10.95B
$11.08B
$11.19B
$11.13B
$11.28B
$10.93B
$10.92B
$11.35B
$11.27B
$10.97B
·
$10.95B
$11.12B
$11.01B
·
$10.83B
Other Non-current Assets
$1.36B
$1.16B
$1.02B
$1.14B
$1.17B
$1.24B
$1.35B
$1.18B
$1.33B
$1.33B
·
$1.10B
$1.00B
$827M
·
$1.15B
Total Assets
$25.02B
$24.88B
$25.61B
$25.67B
$25.69B
$24.88B
$24.63B
$25.07B
$24.85B
$23.14B
·
$23.08B
$23.13B
$22.53B
·
$22.56B
Accounts Payable
$884M
$813M
$866M
$826M
$763M
$697M
$765M
$754M
$720M
$734M
·
$693M
$735M
$679M
·
$696M
Current Liabilities
$2.31B
$2.18B
$2.89B
$2.85B
$2.75B
$2.63B
$2.36B
$2.21B
$2.62B
$1.92B
·
$2.07B
$2.02B
$1.88B
·
$1.92B
Capital Leases
$1.91B
$1.92B
$1.90B
$1.84B
$1.83B
$1.78B
$1.77B
$1.77B
$1.77B
$1.07B
·
$1.00B
$1.04B
$1.02B
·
$1.00B
Deferred Tax
$1.06B
$1.08B
$1.12B
$1.15B
$1.21B
$1.19B
$1.21B
$1.24B
$1.30B
$1.31B
·
$1.31B
$1.33B
$1.29B
·
$1.39B
Other Non-current Liabilities
$900M
$931M
$1.03B
$977M
$1.09B
$733M
$706M
$931M
$823M
$862M
·
$864M
$960M
$895M
·
$1.04B
Total Liabilities
$19.63B
$19.59B
$20.46B
$20.50B
$20.60B
$20.06B
$19.79B
$20.03B
$19.90B
$18.31B
·
$18.41B
$18.45B
$18.21B
·
$18.52B
Long-term Debt
$13.25B
$13.27B
$13.28B
$13.49B
$13.61B
$13.62B
$13.64B
$13.66B
$13.67B
$12.91B
·
$12.92B
$12.90B
$12.92B
·
$12.94B
Total Debt
$13.25B
$13.27B
·
$13.49B
$13.61B
$13.62B
·
$13.66B
$13.67B
$12.91B
·
$12.92B
$12.90B
$12.92B
·
$12.94B
Common Stock
$2.87B
$2.90B
$2.86B
$2.50B
$2.47B
$2.43B
$2.36B
$2.30B
$2.14B
$2.08B
·
$2.27B
$2.25B
$2.16B
·
$1.96B
Retained Earnings
$2.18B
$1.90B
$1.79B
$1.90B
$1.79B
$1.81B
$1.86B
$1.79B
$1.73B
$1.64B
·
$1.27B
$1.20B
$1.13B
·
$1.06B
AOCI
$-1.20B
$-1.06B
$-1.02B
$-1.02B
$-946M
$-1.12B
$-1.11B
$-858M
$-804M
$-747M
·
$-627M
$-591M
$-716M
·
$-713M
Stockholders' Equity
$3.85B
$3.74B
$3.63B
$3.38B
$3.32B
$3.12B
$3.11B
$3.24B
$3.07B
$2.97B
·
$2.91B
$2.85B
$2.58B
·
$2.31B
Liabilities + Equity
$25.02B
$24.88B
$25.61B
$25.67B
$25.69B
$24.88B
$24.63B
$25.07B
$24.85B
$23.14B
·
$23.08B
$23.13B
$22.53B
·
$22.56B
Shares Outstanding
349,205,651
347,325,114
346,323,165
327,807,087
327,777,360
327,629,161
324,426,589
323,704,500
316,897,975
316,382,439
312,454,851
317,837,606
312,203,465
311,171,545
307,142,436
305,859,367
Cash Flow14
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
D&A
$77M
$78M
$77M
$76M
$77M
$71M
$78M
$78M
$59M
$49M
$49M
$47M
$49M
$46M
$47M
$46M
Stock-based Comp
$35M
$35M
$38M
$32M
$33M
$48M
$48M
$37M
$41M
$46M
$53M
$49M
$47M
$45M
$43M
$34M
Amort. of Intangibles
$17M
$17M
$17M
$17M
$18M
$17M
$17M
$19M
$13M
$9M
$9M
$9M
$10M
$9M
$10M
$9M
Operating Cash Flow
$530M
$227M
$555M
$592M
$449M
$118M
$481M
$540M
$334M
$148M
$403M
$433M
$392M
$95M
$423M
$398M
CapEx
$51M
$58M
$102M
$61M
$38M
$64M
$77M
$55M
$43M
$26M
$47M
$25M
$30M
$18M
$48M
$24M
Investing Cash Flow
$-27M
$-33M
$-105M
$-11M
$-18M
$-184M
$-44M
$-57M
$-528M
$-31M
$22M
$-3M
$-8M
$0
$2M
$-20M
Debt Issued
·
·
$0
$0
·
·
$0
$500M
·
·
$0
$53M
$2M
$0
$0
$0
Net Debt Issued
·
·
·
·
·
·
·
·
·
·
·
·
·
$0
·
·
Stock Repurchased
$138M
$32M
·
·
$0
$0
$0
·
·
·
$385M
$115M
$0
$0
$0
$0
Net Stock Activity
·
$-32M
·
·
·
·
·
·
·
·
·
·
·
$0
·
·
Dividends Paid
$296M
$283M
$282M
$282M
$282M
$262M
$262M
$261M
$261M
$245M
$249M
$249M
$249M
$243M
$243M
$243M
Financing Cash Flow
$-447M
$-306M
$-484M
$-397M
$-290M
$-265M
$-260M
$-253M
$91M
$-203M
$-600M
$-326M
$-208M
$-240M
$-196M
$-251M
Net Change in Cash
$51M
$-142M
$-62M
$213M
$98M
$-354M
$158M
$234M
$-107M
$-90M
$-171M
$97M
$180M
$-145M
$232M
$108M
Free Cash Flow
·
$169M
·
·
·
$54M
·
·
·
$122M
·
·
·
$77M
·
·
Profitability7
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Operating Margin
28.4%
26.8%
·
27.1%
20.0%
20.6%
·
25.2%
31.9%
31.3%
·
31.7%
31.2%
28.1%
·
32.5%
Net Margin
26.4%
19.7%
·
17.8%
10.9%
10.5%
·
15.6%
19.2%
18.9%
·
19.8%
19.8%
17.4%
·
30.7%
Pretax Margin
23.5%
21.3%
·
21.8%
14.6%
14.5%
·
18.7%
23.3%
22.8%
·
23.0%
23.0%
19.2%
·
24.8%
EBITDA Margin
28.4%
26.8%
·
27.1%
20.0%
20.6%
·
25.2%
31.9%
31.3%
·
31.7%
31.2%
28.1%
·
32.5%
ROA
2.6%
1.8%
·
1.7%
1.0%
0.92%
·
1.5%
1.7%
1.4%
·
1.6%
1.5%
1.2%
·
2.3%
ROE
18.6%
13.0%
·
13.2%
8.2%
7.3%
·
11.6%
13.5%
11.8%
·
13.9%
13.9%
11.4%
·
21.9%
ROIC
4.7%
3.3%
·
3.2%
2.1%
1.9%
·
2.8%
3.3%
2.8%
·
3.2%
3.0%
2.6%
·
4.5%
Liquidity & Solvency3
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Current Ratio
1.0
1.0
·
1.1
1.0
1.0
·
1.0
0.8
1.1
·
1.2
1.1
1.0
·
1.0
Debt / Equity
3.4
3.5
·
4.0
4.1
4.4
·
4.2
4.5
4.3
·
4.4
4.5
5.0
·
5.6
LT Debt / Equity
3.4
3.5
·
4.0
4.0
4.3
·
4.2
4.3
4.3
·
4.4
4.5
5.0
·
5.6
Efficiency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Asset Turnover
0.1
0.1
·
0.1
0.1
0.1
·
0.1
0.1
0.1
·
0.1
0.1
0.1
·
0.1
Inventory Turnover
·
·
·
·
·
·
·
·
·
4.1
·
4.4
4.3
4.3
·
5.5
Per Share5
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Book Value / Share
$11.03
$10.78
·
$10.31
$10.12
$9.51
·
$10.00
$9.68
$9.38
·
$9.15
$9.14
$8.28
·
$7.56
Revenue / Share
$5.48
$4.93
·
$5.36
$5.27
$4.62
·
$5.05
$4.59
$3.84
·
$4.00
$3.88
$3.49
·
$3.80
Cash Flow / Share
·
$0.49
·
·
·
$0.26
·
·
·
$0.33
·
·
·
$0.21
·
·
Dividend / Share
$0.65
$0.65
$0.62
$0.62
$0.62
$0.62
$0.58
$0.58
$0.58
$0.58
$0.55
$0.55
$0.55
$0.55
$0.54
$0.54
EPS (TTM)
$3.71
$2.83
·
$2.81
$2.64
$2.95
·
$3.98
$3.98
$3.87
·
$2.90
$3.28
$3.27
·
$3.09
Valuation (TTM)11
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Revenue TTM
$9.70B
$9.59B
·
$9.26B
$9.11B
$8.78B
·
$7.93B
$7.48B
$7.17B
·
$6.89B
$6.78B
$6.64B
·
$6.36B
Net Income TTM
$1.70B
$1.30B
·
$1.28B
$1.20B
$1.34B
·
$1.81B
$1.82B
$1.77B
·
$1.33B
$1.49B
$1.49B
·
$1.41B
Market Cap
$25.32B
$25.67B
·
$21.03B
$21.73B
$21.83B
·
$23.35B
$22.30B
$25.14B
·
$21.17B
$24.20B
$20.89B
·
$16.27B
P/E
19.5
26.1
·
22.8
25.1
22.6
·
18.1
17.7
20.5
·
23.0
23.6
20.5
·
17.2
P/S
2.6
2.7
·
2.3
2.4
2.5
·
2.9
3.0
3.5
·
3.1
3.6
3.1
·
2.6
P/B
6.6
6.9
·
6.2
6.6
7.0
·
7.2
7.3
8.5
·
7.3
8.5
8.1
·
7.0
P / Cash Flow
·
113.1
·
·
·
185.0
·
·
·
169.8
·
·
·
219.9
·
·
Dividend Yield
4.5%
4.4%
·
5.2%
4.9%
4.8%
·
4.3%
4.5%
4.0%
·
4.7%
4.0%
4.7%
·
6.0%
Earnings Yield
5.1%
3.8%
·
4.4%
4.0%
4.4%
·
5.5%
5.7%
4.9%
·
4.3%
4.2%
4.9%
·
5.8%
Payout Ratio
·
63.6%
·
·
·
118.5%
·
·
·
74.7%
·
·
·
87.7%
·
·
Annual Payout
$1.14B
$1.13B
·
$1.09B
$1.07B
$1.05B
·
$1.02B
$1.00B
$992M
·
$984M
$978M
$973M
·
$972M
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$9.43B
$8.41B
$7.02B
$6.50B
$5.74B
Operating Margin %
23.3%
28.8%
29.2%
29.2%
32.7%
Net Income
$1.07B
$1.45B
$1.72B
$1.48B
$1.25B
Diluted EPS
$2.35
$3.18
$3.76
$3.25
$2.69
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Debt / Equity
3.7
4.4
4.5
5.2
5.8
Current Ratio
1.0
1.0
1.0
1.0
1.0
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$1.45B
$1.30B
$1.20B
$1.39B
$1.62B
Institutional owners (13F)
641 filers
· $25.8B total
· As of Sept. 30, 2026
17
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders641
Value held$25.8B
New positions96
Exited positions47
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
96 (-24 vs prior Q)
47 (-4 vs prior Q)
249 (+15 vs prior Q)
169 (+30 vs prior Q)
+23.1M
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Restaurant Brands International Inc. (IRS Identification Number, Restaurant Brands International Limited Partnership (IRS Identification Number
×3 filings
3G Restaurant Brands Holdings LP, 3G Restaurant Brands Holdings General Partner Ltd., 3G Capital Partners LP, 3G Capital Partners Ltd., 3G Capital Partners II LP, 3G Special Situations Partners, Ltd., 3G Special Situations Fund II, L.P.
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders
47 insiders
· 21 officers · 25 directors