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Arcos Dorados Holdings Inc.

ARCO Consumer Cyclical Restaurants

Arcos Dorados Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, up 4.66% from fiscal 2024.

Revenue
+14.3%
EPS
+100.0%
Free cash flow
+254.3%
Total debt
+1.44%

Quarter to June 2026, against a year earlier

6.98 0.11 −1.55%
Market cap
$1.5B
P/E
5.7×
Fwd P/E
8.5×
Dividend yield
3.87%
F-score
5/9
Altman Z
2.12
Beneish M
−2.08
Dividend safety
53/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.44
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 1 — — 1 — — —
Insider Ownership 39.51%

Capital & Financial Ratios $m

Size
Market Cap 1,460.00
Revenue ttm 4,980.97
Net income ttm 256.75
Free cash flow ttm 104.20
Net debt Q 670.03
Valuation
P/E 5.72
Forward P/E 8.52
Price / sales 0.30
Forward P/S Powerpack
Price / FCF 14.11
Price / book 1.77
Financial health
Current ratio Q 0.88 (below 1: weak)
Debt / equity Q 1.19
Interest coverage Q (0.50)
Growth
Revenue growth Q +14.30% (above 0%: growing)
Operating income growth Q +16.29% (above 0%: growing)
EPS, this year −21.19% (below 0%: weak)
EPS, next year A +4.77%
Revenue, next year A +12.69% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A −1.41% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.4×, against a ten-year median of 0.6×; over the ten years it ranged from 0.4× in 2016 to 1.0× in 2021.
P/E against its own 10 years 0.52%
10-year low 10-year high
P/S against its own 10 years 5.79%
10-year low 10-year high
P/B against its own 10 years 0.66%
10-year low 10-year high
EV/Sales against its own 10 years 2.68%
10-year low 10-year high
EV/FCF against its own 10 years 48.38%
10-year low 10-year high

Dividends

Yield
3.87%
Annual rate
0.27
Payout ratio
22.1%
Growth, 2018–26
+13.9%/yr
  1. 0.10 ’18
  2. 0.11 ’19 +10
  3. 0.05 ’20 −55
  4. 0.00 ’21 −100
  5. 0.15 ’22
  6. 0.19 ’23 +27
  7. 0.24 ’24 +26
  8. 0.24 ’25 +0
  9. 0.28 ’26 +17
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 247 139 433 322
Receivables 187 162 249 265
Inventory 53 52 66 60
Other — — — —
605 468 852 759
2023 2024 2025 Q'26
Payables 375 348 357 333
ST’ Debt 31 63 12 41
Other 7 2 11 12
842 766 829 860

Compound Annual Growth %

10y 5y 3y
Sales 4.36% 18.71% 8.94%
Cash Flow 10.15% 79.36% (4.98%)
Earnings 0.00% 0.00% 14.76%
Book Value 10.41% 31.28% 33.51%

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 0.15 Actual 0.22

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 0.10 0.12 Beat by 0.02
Dec 2025 0.20 −0.04 Miss by 0.24
Mar 2026 0.11 0.17 Beat by 0.06
Jun 2026 0.15 0.22 Beat by 0.07
Sep 2026 0.16 — Reports 12 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.17 0.22 — — —
’25 0.07 0.11 0.71 0.12 1.01
’24 0.14 0.13 0.17 0.28 0.71
’23 0.18 0.13 0.28 0.26 0.86
’22 0.12 0.07 0.22 0.26 0.67
’21 (0.14) 0.02 0.12 0.22 0.22
’20 (0.25) (0.43) (0.82) 0.79 (0.72)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,216 1,306 — — —
’25 1,077 1,142 1,193 1,267 4,678
’24 1,081 1,111 1,134 1,144 4,470
’23 991 1,041 1,125 1,175 4,332
’22 791 888 922 1,019 3,619
’21 561 593 726 780 2,660
’20 618 293 1,377 (303) 1,984
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 18 105 — — —
’25 (13) 71 106 132 296
’24 (9) 73 96 107 267
’23 29 55 148 150 382
’22 35 87 113 110 345
’21 7 28 104 119 258
’20 (56) (23) 29 66 16
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (16) 57 — — —
’25 (62) 16 32 31 18
’24 (68) (12) 8 20 (53)
’23 (17) (20) 45 18 24
’22 10 44 59 17 131
’21 (10) (2) 79 78 145
’20 (97) (34) 17 45 (70)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,929 3,320 3,082 2,959 1,984 2,660 3,619 4,332 4,470 4,678 4,981 +5.3% 5,272 5,643 6,082 +9.1%
Gross margin, % 12.23 13.53 13.43 12.42 5.82 12.18 13.61 13.78 13.12 12.27 12.25 0.0 pt
EBT 139 183 85 119 (132) 78 226 278 259 341 405 +10.5%
EBT margin, % 4.73 5.51 2.76 4.02 (6.65) 2.92 6.26 6.42 5.80 7.30 8.12 +2.6 pt
Net income 79 129 37 80 (149) 45 140 181 149 212 257 +11.6%
Per share, $
Per share, $ Revenue 13.53 15.31 14.34 14.30 9.52 12.64 17.19 20.57 21.22 22.21 23.64 +5.7%
Earnings 0.36 0.59 0.18 0.38 (0.72) 0.22 0.67 0.86 0.71 1.01 1.22 +12.1%
Cash flow 0.76 1.18 0.84 1.08 0.08 1.23 1.64 1.81 1.27 1.41 1.72 +7.1%
Capex (0.02) (0.52) (0.90) (1.27) (0.41) (0.54) (1.02) (1.70) (1.52) (1.32) (1.22) +61.2%
Free cash flow 0.74 0.66 (0.07) (0.19) (0.33) 0.69 0.62 0.12 (0.25) 0.08 0.49 (21.5%)
Book value 1.62 2.29 1.83 2.04 0.95 1.05 1.54 2.45 2.42 3.67 3.95 +9.5%
Shares, m 217 217 215 207 208 210 211 211 211 211 211 (0.3%)
Valuation, ×
Valuation, × P/E 15.55 17.19 47.19 21.34 0.00 26.26 11.61 14.38 10.11 7.27 5.72 17.1
P/S 0.43 0.67 0.55 0.57 0.53 0.46 0.45 0.59 0.34 0.33 0.30 0.5
P/B 3.54 4.46 4.32 3.98 5.29 5.55 5.05 4.98 3.01 2.00 1.77 4.2
EV/Sales 0.56 0.76 0.69 0.74 0.84 0.64 0.55 0.71 0.49 0.48 0.43 0.6
EV/FCF 10.17 17.68 (147.82) (57.12) (23.84) 11.66 15.31 125.84 (41.34) 128.18 20.54 3.9
Cash, $m
Cash, $m Operating cash flow 164 255 180 223 16 258 345 382 267 296 362 +6.8%
Capex (4) (113) (194) (262) (86) (113) (214) (358) (319) (279) (258) +60.7%
Free cash flow 160 142 (14) (38) (70) 145 131 24 (53) 18 104 (21.8%)
Balance, $m
Balance, $m Working capital (103) 47 (29) (190) (88) (78) (75) (236) (298) 23 (100) n/m
Net debt 385 305 433 518 610 465 368 498 640 705 670 +7.0%
Shareholders’ equity 352 496 393 422 198 221 324 517 509 772 833 +9.1%
Returns, %
Returns, % ROA 5.42 7.81 2.18 3.86 (6.16) 1.95 5.62 6.41 5.03 6.26 7.07 +0.8 pt
ROIC 15.16 21.28 9.34 10.64 (5.16) 12.71 23.87 19.35 17.65 15.42 16.31 +0.3 pt
ROE 24.69 30.47 8.29 19.62 (48.24) 21.70 51.45 43.10 28.99 33.10 36.30 +8.4 pt
People
People Employees 82,040 78,806 78,691 80,855 73,438 81,256 93,647 100,795 98,615 96,782 — +1.9%
Revenue/emp, $m 0.04 0.04 0.04 0.04 0.03 0.03 0.04 0.04 0.05 0.05 — +3.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Arcos Dorados Holdings Inc. vs peers in Restaurants (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CHA Chagee Holdings Limited - Sponsored ADR $1.5B 12.1× 9.1× +8.20% (above 0%: growing) +620.00% (above 0%: growing) +49.31% (above 0%: growing) 53.99% 15.37% Compare
CBRL Cracker Barrel Old Country Store, Inc. $1.5B 47.5× 36.9× −2.15% (below 0%: shrinking) +83.33% (above 0%: growing) +191.55% (above 0%: growing) 71.25% 1.55% Compare
WEN The Wendy's Company $1.5B 15.6× 15.3× −0.46% (below 0%: shrinking) −65.22% (below 0%: shrinking) −20.35% (below 0%: shrinking) 57.01% 10.20% Compare
ARCO Arcos Dorados Holdings Inc. $1.5B 5.7× 8.5× +14.30% (above 0%: growing) +100.00% (above 0%: growing) +254.29% (above 0%: growing) 11.81% 5.56%
SG Sweetgreen, Inc. $1.4B 105× — (loss-making) +3.81% (above 0%: growing) n/m +19.78% (above 0%: growing) 13.07% (14.23%) Compare
BJRI BJ's Restaurants, Inc. $1.2B 29.9× 28.0× +6.37% (above 0%: growing) −11.00% (below 0%: shrinking) −84.81% (below 0%: shrinking) 74.52% 4.74% Compare
BH Biglari Holdings Inc. $1.0B — (loss-making) 24.0× +7.86% (above 0%: growing) −18.71% (below 0%: shrinking) −66.30% (below 0%: shrinking) 41.26% 12.17% Compare
BLMN Bloomin' Brands, Inc. $896.5M 32.7× 11.5× +1.34% (above 0%: growing) +23.33% (above 0%: growing) +321.24% (above 0%: growing) 39.06% 3.77% Compare
FWRG First Watch Restaurant Group, Inc. $809.9M 39.8× 138× +10.71% (above 0%: growing) +55.20% (above 0%: growing) +2.94% (above 0%: growing) 21.13% 3.16% Compare
Median of peers $1.3B 32.7× 24.0× +5.09% +23.33% +11.36% 47.63% 4.26%

All 55 Restaurants stocks →

Arcos Dorados Holdings Inc. (ARCO) Latest News

27 Oct

Impact 3 · · Zacks

26 Oct

Impact 4 · · The Motley Fool

24 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

21 Oct

Impact 4 · · Zacks
Impact 3 · · Zacks

19 Oct

Impact 3 · · Business Wire

14 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

6 Oct

Impact 4 · · Zacks

2 Oct

Impact 4 · · MarketBeat

1 Oct

Impact 4 ·

20 Aug

Impact 4 · · The Motley Fool transcript

14 Aug

Impact 4 · transcript
Impact 3 ·

13 Aug

Impact 4 · · InvestorsHub
Impact 3 · · MarketBeat transcript
Impact 3 · · Moby transcript
Impact 3 ·
Impact 3 ·

20 May

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby transcript
Impact 3 · · MarketBeat transcript
Impact 3 · · Zacks
Impact 3 · · Business Wire

4 Apr

Impact 3 · · Simply Wall St.

26 Mar

Impact 3 · · StockStory

20 Mar

Impact 3 · · StockStory

19 Mar

Impact 4 · · GuruFocus.com
Impact 4 · · Moby
stockrow.com/ARCO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com