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. In the quarter to June 2026, revenue grew 14.3%, EPS grew 100.0%, free cash flow grew 254.3% and total debt rose 1.44%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five.

7.96 0.10 −1.24%
Market cap
$1.7B
P/E
6.5×
Fwd P/E
10.7×
Dividend yield
4.27%
F-score
5/9
Altman Z
2.12
Beneish M
−2.08
Dividend safety
53/100

Insider Decisions trades per month

Total sells 0.44
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — 1 — — 1 — —
Insider Ownership 39.51%

Capital & Financial Ratios $m

Market Cap 1,680.00
Revenue 4,980.97
Net Income 256.75
Free Cash Flow 104.20
Net Debt 670.03
Current Ratio 0.88 (below 1: weak)
Debt/Equity 1.19
P/E ratio 6.52
Fwd P/E 10.70
P/S ratio 0.34
P/B ratio 2.01
Past 5Y EPS Growth —
This Y EPS Growth (21.78%) (below 0%: weak)
Next Y EPS Growth 5.57%
Next Y revenue growth 12.76% (at or above 10%: strong)
Next 5Y EPS Growth (1.49%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 5.98%
10-year low 10-year high
P/S against its own 10 years 12.68%
10-year low 10-year high
P/B against its own 10 years 3.02%
10-year low 10-year high
EV/Sales against its own 10 years 4.68%
10-year low 10-year high
EV/FCF against its own 10 years 54.36%
10-year low 10-year high

Dividends

Payout Ratio 0.28
Annual Dividend Rate 0.34
Annual Dividend Yield 4.27%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.28
0.07
0.07
0.07
0.07
2025 0.24
0.06
0.06
0.06
0.06
2024 0.24
0.06
0.06
0.06
0.06
2023 0.19
0.05
0.05
0.05
0.04
2022 0.15
0.04
0.04
0.04
0.03
2021 Powerpack
2020 0.05
0.05
2019 0.11
0.05
0.03
0.03
2018 0.10
0.05
0.05
2017 Powerpack
predictions special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 2.16 5.45 6.05 5.92 2.96 4.33 5.10 7.02 7.02 6.51

Analyst estimates 2026–2028

Powerpack
High 6.60 10.80 10.40 9.22 8.23 6.82 8.44 13.00 13.20 8.52
People
People Employees 82,040 78,806 78,691 80,855 73,438 81,256 93,647 100,795 98,615 96,782
Revenue/emp, $m 0.04 0.04 0.04 0.04 0.03 0.03 0.04 0.04 0.05 0.05
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
Gross margin, % 12.23 13.53 13.43 12.42 5.82 12.18 13.61 13.78 13.12 12.27
EBT 139 183 85 119 (132) 78 226 278 259 341
EBT margin, % 4.73 5.51 2.76 4.02 (6.65) 2.92 6.26 6.42 5.80 7.30
Net income 79 129 37 80 (149) 45 140 181 149 212
Depreciation 93 99 106 123 127 120 120 149 177 197
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
Earnings 0.36 0.59 0.18 0.38 (0.72) 0.22 0.67 0.86 0.71 1.01
Cash flow 0.76 1.18 0.84 1.08 0.08 1.23 1.64 1.81 1.27 1.41
Capex (0.02) (0.52) (0.90) (1.27) (0.41) (0.54) (1.02) (1.70) (1.52) (1.32)
Free cash flow 0.74 0.66 (0.07) (0.19) (0.33) 0.69 0.62 0.12 (0.25) 0.08
Book value 1.62 2.29 1.83 2.04 0.95 1.05 1.54 2.45 2.42 3.67
Shares, m 217 217 215 207 208 210 211 211 211 211
Valuation, ×
Valuation, × P/E 15.55 17.19 47.19 21.34 0.00 26.26 11.61 14.38 10.11 7.27
P/S 0.43 0.67 0.55 0.57 0.53 0.46 0.45 0.59 0.34 0.33
P/B 3.54 4.46 4.32 3.98 5.29 5.55 5.05 4.98 3.01 2.00
EV/Sales 0.56 0.76 0.69 0.74 0.84 0.64 0.55 0.71 0.49 0.48
EV/FCF 10.17 17.68 (147.82) (57.12) (23.84) 11.66 15.31 125.84 (41.34) 128.18
Cash, $m
Cash, $m Operating cash flow 164 255 180 223 16 258 345 382 267 296
Capex (4) (113) (194) (262) (86) (113) (214) (358) (319) (279)
Free cash flow 160 142 (14) (38) (70) 145 131 24 (53) 18
Balance, $m
Balance, $m Working capital (103) 47 (29) (190) (88) (78) (75) (236) (298) 23
Total debt 580 634 631 640 777 744 731 744 779 1,138
Net debt 385 305 433 518 610 465 368 498 640 705
Shareholders’ equity 352 496 393 422 198 221 324 517 509 772
Returns, %
Returns, % ROA 5.42 7.81 2.18 3.86 (6.16) 1.95 5.62 6.41 5.03 6.26
ROIC 15.16 21.28 9.34 10.64 (5.16) 12.71 23.87 19.35 17.65 15.42
ROE 24.69 30.47 8.29 19.62 (48.24) 21.70 51.45 43.10 28.99 33.10
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
SHAK Shake Shack, Inc. $3.0B 71.2× 45.8× +17.16% (above 0%: growing) −9.30% (below 0%: shrinking) −102.73% (below 0%: shrinking) 25.58% 4.97% Compare
ARCO Arcos Dorados Holdings Inc. $1.7B 6.5× 10.7× +14.30% (above 0%: growing) +100.00% (above 0%: growing) +254.29% (above 0%: growing) 11.81% 5.56%
CHA Chagee Holdings Limited - Sponsored ADR $1.6B 12.2× 8.9× +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 48.2× 84.6× −2.15% (below 0%: shrinking) +83.33% (above 0%: growing) +191.55% (above 0%: growing) 71.25% 1.55% Compare
BH Biglari Holdings Inc. $1.3B — (loss-making) 24.0× +7.86% (above 0%: growing) −18.71% (below 0%: shrinking) −66.30% (below 0%: shrinking) 41.26% 12.17% Compare
BJRI BJ's Restaurants, Inc. $1.3B 30.6× 20.0× +6.37% (above 0%: growing) −11.00% (below 0%: shrinking) −84.81% (below 0%: shrinking) 74.52% 4.74% Compare
WEN The Wendy's Company $1.3B 10.2× 11.6× +1.72% (above 0%: growing) −41.38% (below 0%: shrinking) +152.25% (above 0%: growing) 59.72% 13.90% Compare
SG Sweetgreen, Inc. $1.3B 91.3× — (loss-making) +3.81% (above 0%: growing) n/m +19.78% (above 0%: growing) 13.07% (14.23%) Compare
BLMN Bloomin' Brands, Inc. $850.2M 31.1× 8.6× +1.34% (above 0%: growing) +23.33% (above 0%: growing) +321.24% (above 0%: growing) 39.06% 3.77% Compare
Median of peers $1.3B 31.1× 20.0× +5.09% −9.30% +34.55% 47.63% 4.85%

All 56 Restaurants stocks →

Arcos Dorados Holdings Inc. (ARCO) key facts

  • Strength: Arcos Dorados Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, up 4.66% from fiscal 2024.
  • Arcos Dorados Holdings Inc. (ARCO) is a Restaurants company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, ARCO traded at $7.96, a market capitalization of $1.7 billion.
  • Arcos Dorados Holdings Inc. pays an annual dividend of $0.34 per share, a yield of 4.27%, with a payout ratio of 27.9%.
  • Return on equity was 33.1% and debt-to-equity 1.19.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.12 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Arcos Dorados Holdings Inc. (ARCO) Latest News

20 Aug

20 May

24 Oct

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