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Aramark vs Restaurant Brands International: revenue, profit, margins and growth compared

Aramark brought in $18.5B of revenue in fiscal 2025, Restaurant Brands International $9.4B in fiscal 2025. Revenue changed by +6.4% at Aramark and +12.2% at Restaurant Brands International on the year before, so Restaurant Brands International grew faster. Aramark kept 1.8% of its revenue as net profit, Restaurant Brands International 8.2%. Free cash flow was $431.8M at Aramark and $1.4B at Restaurant Brands International.

Side by side, latest fiscal year

ARMKQSR
Fiscal year endedFY2025 (October 3, 2025)FY2025 (December 31, 2025)
Revenue$18.5B$9.4B
Revenue growth+6.4%+12.2%
Net income$326.4M$776M
Net margin1.8%8.2%
Free cash flow$431.8M$1.4B
Free cash flow margin2.3%15.4%
Earnings per share (diluted)$1.22$2.35
Cash$639.1M$1.2B
Debt$5.4B$13.3B
Price to earnings45.030.5
Market value$14.5B$32.6B
Dividend yield0.76%3.46%
Rank by revenue in sector#63 of 778 · Consumer discretionary#123 of 778 · Consumer discretionary

Over the years

Revenue
ARMK FY2018: $15.8BARMK FY2019: $16.2BARMK FY2020: $12.8BARMK FY2021: $12.1BARMK FY2022: $13.7BARMK FY2023: $16.1BARMK FY2024: $17.4BARMK FY2025: $18.5BQSR FY2018: $5.4BQSR FY2019: $5.6BQSR FY2020: $5BQSR FY2021: $5.7BQSR FY2022: $6.5BQSR FY2023: $7BQSR FY2024: $8.4BQSR FY2025: $9.4BFY18FY19FY20FY21FY22FY23FY24FY25
ARMK $18.5BQSR $9.4B
Net income
ARMK FY2018: $567.9MARMK FY2019: $448.5MARMK FY2020: -$461.5MARMK FY2021: -$90.8MARMK FY2022: $194.5MARMK FY2023: $674.1MARMK FY2024: $262.5MARMK FY2025: $326.4MQSR FY2018: $612MQSR FY2019: $643MQSR FY2020: $486MQSR FY2021: $838MQSR FY2022: $1BQSR FY2023: $1.2BQSR FY2024: $1BQSR FY2025: $776MFY18FY19FY20FY21FY22FY23FY24FY25
ARMK $326.4MQSR $776M
Net margin
ARMK FY2018: 3.6%ARMK FY2019: 2.8%ARMK FY2020: -3.6%ARMK FY2021: -0.8%ARMK FY2022: 1.4%ARMK FY2023: 4.2%ARMK FY2024: 1.5%ARMK FY2025: 1.8%QSR FY2018: 11.4%QSR FY2019: 11.5%QSR FY2020: 9.8%QSR FY2021: 14.6%QSR FY2022: 15.5%QSR FY2023: 16.9%QSR FY2024: 12.1%QSR FY2025: 8.2%FY18FY19FY20FY21FY22FY23FY24FY25
ARMK 1.8%QSR 8.2%
Revenue growth
ARMK FY2019: +2.8%ARMK FY2020: -20.9%ARMK FY2021: -5.7%ARMK FY2022: +13.2%ARMK FY2023: +17.5%ARMK FY2024: +8.2%ARMK FY2025: +6.4%QSR FY2019: +4.6%QSR FY2020: -11.3%QSR FY2021: +15.5%QSR FY2022: +13.3%QSR FY2023: +7.9%QSR FY2024: +19.7%QSR FY2025: +12.2%FY19FY20FY21FY22FY23FY24FY25
ARMK +6.4%QSR +12.2%
Free cash flow
ARMK FY2018: $423.3MARMK FY2019: $481.1MARMK FY2020: -$241.8MARMK FY2021: $249.3MARMK FY2022: $382.6MARMK FY2023: $382.9MARMK FY2024: $299.1MARMK FY2025: $431.8MQSR FY2018: $1.1BQSR FY2019: $1.4BQSR FY2020: $804MQSR FY2021: $1.6BQSR FY2022: $1.4BQSR FY2023: $1.2BQSR FY2024: $1.3BQSR FY2025: $1.4BFY18FY19FY20FY21FY22FY23FY24FY25
ARMK $431.8MQSR $1.4B

Fiscal years as each company reports them; the two may end in different months.

Questions about Aramark and Restaurant Brands International

Which is bigger by revenue, Aramark or Restaurant Brands International?

Aramark is bigger by revenue: $18.5B in fiscal 2025, against $9.4B for Restaurant Brands International in fiscal 2025.

Which keeps more of its revenue as profit, Aramark or Restaurant Brands International?

Aramark had a net margin of 1.8% in fiscal 2025; Restaurant Brands International had 8.2% in fiscal 2025.

Which grew revenue faster, Aramark or Restaurant Brands International?

In their latest fiscal years revenue changed by +6.4% at Aramark and +12.2% at Restaurant Brands International.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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