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NYSE · Consumer Discretionary

Arcos Dorados Holdings Inc. (ARCO)

As-reported financials and SEC filings for Arcos Dorados Holdings Inc. The latest annual period is FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Arcos Dorados Holdings Inc.

Arcos Dorados Holdings Inc. is the largest independent McDonald’s franchisee operating in Latin America and the Caribbean. The company owns, operates, and franchises McDonald’s restaurants across 21 countries and territories, serving customers through both company-operated and franchised locations. It generates revenue from restaurant sales and rental income from franchised restaurants, managing over 2,500 McDonald’s-branded restaurants as of 2025.

Snapshot

Revenue
$4.68B
Revenue growth (YoY)
4.7%
Net income
$212.1M
Diluted EPS
$1.01
Gross margin
Operating margin
7.8%
Net margin
4.5%
FCF margin
0.3%
ROE
27.5%
net income / fiscal-year-end equity
P/E
6.5×
trailing when available, otherwise FY EPS
Market cap
$1.67B
Long-term debt / equity
1.46×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Arcos Dorados Holdings

  • Revenue grew 4.7% to $4.7B in FY2025, in line with the 3.2% the year before.
  • Operating margin is 7.8% in FY2025, +2.5 pp against 5.2% in FY2021.
  • Free cash flow was $15M in FY2025, 0.3% of revenue.
  • Net income rose 42.6% to $212M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Arcos Dorados Holdings’s fundamentals sit among the 42 restaurant companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin7.8%
64th percentile of 40
Net margin4.5%
66th percentile of 42
FCF margin0.3%
32nd percentile of 42
Revenue growth (YoY)+4.7%
46th percentile of 42
ROE27.5%
82nd percentile of 29
P/E6.5×
Lowest of 27
Long-term debt / equity1.46×
77th percentile of 23
Short interest2.58d
28th percentile of 41

Arcos Dorados Holdings’s P/E of 6.5 is the lowest of the 27 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 3 insider sales totaling $262,259. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
3
$262K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-25
Hernandez Artigas CarlosDirectorSell14.5K$8.06$117K
2026-08-24
filed 2026-08-25
Hernandez Artigas CarlosDirectorSell15.3K$8.15$124K
2026-08-24
filed 2026-08-25
Hernandez Artigas CarlosDirectorSell2.6K$8.16$21K
2026-05-28
Hernandez Artigas CarlosDirectorSell20.0K$9.01$180K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.0M
settled 2026-08-14
Change vs prior
-2.5%
vs previous settlement
Days to cover
2.58
at avg daily volume
Avg daily volume
1.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-143.0M-2.5%2.58
2026-07-313.1M-11.5%3.04
2026-07-153.5M-52.7%1.99
2026-06-307.4M+1.8%6.89
2026-06-157.2M+84.7%5.11
2026-05-293.9M+30.3%2.22
2026-05-153.0M-12.1%2.85
2026-04-303.4M+3.8%2.39

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$4.68B$4.47B$4.33B$3.62B$2.66B
Gross profit
Operating income$364.4M$324.5M$314.0M$264.4M$139.5M
Net income$212.1M$148.8M$181.3M$140.3M$45.5M
Diluted EPS$1.01$0.71$0.86$0.67$0.22

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$296.3M$266.8M$382.0M$345.4M$258.0M
Capital expenditure$281.4M$327.6M$360.1M$217.1M$115.0M
Free cash flow$15.0M$-60.8M$21.9M$128.3M$143.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Company facts

ExchangeNYSE
SectorConsumer Discretionary
SIC industryRetail-Eating Places
Latest annual periodFY2025 (ended December 31, 2025)
Oldest indexed filing2011
SEC CIK1508478

Selected SEC filings

20-F2026-04-30
View on EDGAR →
6-K2026-08-13
View on EDGAR →
6-K2026-08-13
View on EDGAR →
6-K2026-05-20
View on EDGAR →
6-K2026-05-20
View on EDGAR →

Largest restaurant peers

All restaurant stocksAll Consumer Discretionary companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.