InsiderClue
Stocks · Consumer discretionary · Retail-Eating Places

Arcos Dorados Holdings Inc.

ARCO Clue Score46
Uruguay Fiscal year ends December CIK 0001508478
$7.77 -4.31% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $7.77 +59.88% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue2,928.6Operating income178.6Net income78.8EPS, diluted0.37Fiscal year 2017Revenue3,319.5 +13.3%Operating income272.9Net income129.2 +63.9%EPS, diluted0.61 +64.9%Fiscal year 2018Revenue3,081.6 −7.2%Operating income123.5Net income36.8 −71.5%EPS, diluted0.18 −70.5%Fiscal year 2019Revenue2,959.1 −4.0%Operating income159.9Net income79.9 +116.8%EPS, diluted0.38 +111.1%Fiscal year 2020Revenue1,984.2 −32.9%Operating income−66.8Net income−149.5 −287.1%EPS, diluted−0.72 −289.5%Fiscal year 2021Revenue2,659.9 +34.1%Operating income139.5Net income45.5EPS, diluted0.22Fiscal year 2022Revenue3,618.9 +36.1%Operating income264.4Net income140.3 +208.5%EPS, diluted0.67 +204.5%Fiscal year 2023Revenue4,331.9 +19.7%Operating income314.0Net income181.3 +29.2%EPS, diluted0.86 +28.4%Fiscal year 2024Revenue4,470.2 +3.2%Operating income324.5Net income148.8 −17.9%EPS, diluted0.71 −17.4%Fiscal year 2025Revenue4,678.3 +4.7%Operating income364.4Net income212.1 +42.6%EPS, diluted1.01 +42.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2,928.6 3,319.5 3,081.6 2,959.1 1,984.2 2,659.9 3,618.9 4,331.9 4,470.2 4,678.3
Growth +13.3% −7.2% −4.0% −32.9% +34.1% +36.1% +19.7% +3.2% +4.7%
Operating income 178.6 272.9 123.5 159.9 −66.8 139.5 264.4 314.0 324.5 364.4
Net income 78.8 129.2 36.8 79.9 −149.5 45.5 140.3 181.3 148.8 212.1
Growth +63.9% −71.5% +116.8% −287.1% +208.5% +29.2% −17.9% +42.6%
EPS, diluted 0.37 0.61 0.18 0.38 −0.72 0.22 0.67 0.86 0.71 1.01
Growth +64.9% −70.5% +111.1% −289.5% +204.5% +28.4% −17.4% +42.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin6.1%Net margin2.7%Free cash flow margin2.5%Fiscal year 2017Operating margin8.2%Net margin3.9%Free cash flow margin2.4%Fiscal year 2018Operating margin4.0%Net margin1.2%Free cash flow margin−0.6%Fiscal year 2019Operating margin5.4%Net margin2.7%Free cash flow margin−1.4%Fiscal year 2020Operating margin−3.4%Net margin−7.5%Free cash flow margin−3.5%Fiscal year 2021Operating margin5.2%Net margin1.7%Free cash flow margin5.4%Fiscal year 2022Operating margin7.3%Net margin3.9%Free cash flow margin3.5%Fiscal year 2023Operating margin7.2%Net margin4.2%Free cash flow margin0.5%Fiscal year 2024Operating margin7.3%Net margin3.3%Free cash flow margin−1.4%Fiscal year 2025Operating margin7.8%Net margin4.5%Free cash flow margin0.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 6.1% 8.2% 4.0% 5.4% −3.4% 5.2% 7.3% 7.2% 7.3% 7.8%
Net margin 2.7% 3.9% 1.2% 2.7% −7.5% 1.7% 3.9% 4.2% 3.3% 4.5%
Free cash flow margin 2.5% 2.4% −0.6% −1.4% −3.5% 5.4% 3.5% 0.5% −1.4% 0.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow164.2Capital expenditure−92.3Free cash flow71.9Buybacks0.0Dividends paid0.0Fiscal year 2017Operating cash flow255.2Capital expenditure−174.8Free cash flow80.4 +11.8%Buybacks0.0Dividends paid0.0Fiscal year 2018Operating cash flow179.7Capital expenditure−197.0Free cash flow−17.3 −121.5%Buybacks−46.0Dividends paid−20.9Fiscal year 2019Operating cash flow223.5Capital expenditure−265.2Free cash flow−41.8Buybacks−14.0Dividends paid−22.4Fiscal year 2020Operating cash flow16.0Capital expenditure−86.3Free cash flow−70.3Buybacks0.0Dividends paid−10.2Fiscal year 2021Operating cash flow258.0Capital expenditure−115.0Free cash flow143.0Buybacks0.0Dividends paid−0.0Fiscal year 2022Operating cash flow345.4Capital expenditure−217.1Free cash flow128.3 −10.3%Dividends paid−31.6Fiscal year 2023Operating cash flow382.0Capital expenditure−360.1Free cash flow21.9 −83.0%Dividends paid−40.0Fiscal year 2024Operating cash flow266.8Capital expenditure−327.6Free cash flow−60.8 −378.0%Dividends paid−50.6Fiscal year 2025Operating cash flow296.3Capital expenditure−281.4Free cash flow15.0Dividends paid−50.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 164.2 255.2 179.7 223.5 16.0 258.0 345.4 382.0 266.8 296.3
Capital expenditure −92.3 −174.8 −197.0 −265.2 −86.3 −115.0 −217.1 −360.1 −327.6 −281.4
Free cash flow 71.9 80.4 −17.3 −41.8 −70.3 143.0 128.3 21.9 −60.8 15.0
Growth +11.8% −121.5% −10.3% −83.0% −378.0%
Buybacks 0.0 0.0 −46.0 −14.0 0.0 0.0 n/a n/a n/a n/a
Dividends paid 0.0 0.0 −20.9 −22.4 −10.2 −0.0 −31.6 −40.0 −50.6 −50.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash194.8Total debt579.7Net cash (debt)−384.9Shareholders’ equity351.0Debt to equity1.65Fiscal year 2017Cash308.5Total debt633.5Net cash (debt)−325.0Shareholders’ equity495.7Debt to equity1.28Fiscal year 2018Cash197.3Total debt630.3Net cash (debt)−433.0Shareholders’ equity392.4Debt to equity1.61Fiscal year 2019Cash121.9Total debt626.8Net cash (debt)−504.9Shareholders’ equity421.1Debt to equity1.49Fiscal year 2020Cash166.0Total debt776.6Net cash (debt)−610.6Shareholders’ equity197.5Debt to equity3.93Fiscal year 2021Cash278.8Total debt744.0Net cash (debt)−465.1Shareholders’ equity220.4Debt to equity3.38Fiscal year 2022Cash266.9Total debt730.7Net cash (debt)−463.8Shareholders’ equity323.6Debt to equity2.26Fiscal year 2023Cash196.7Total debt714.8Net cash (debt)−518.2Shareholders’ equity515.3Debt to equity1.39Fiscal year 2024Cash135.1Total debt718.6Net cash (debt)−583.5Shareholders’ equity508.1Debt to equity1.41Fiscal year 2025Cash373.4Total debt1,137.7Net cash (debt)−764.2Shareholders’ equity770.5Debt to equity1.48
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 194.8 308.5 197.3 121.9 166.0 278.8 266.9 196.7 135.1 373.4
Total debt 579.7 633.5 630.3 626.8 776.6 744.0 730.7 714.8 718.6 1,137.7
Net cash (debt) −384.9 −325.0 −433.0 −504.9 −610.6 −465.1 −463.8 −518.2 −583.5 −764.2
Shareholders’ equity 351.0 495.7 392.4 421.1 197.5 220.4 323.6 515.3 508.1 770.5
Debt to equity 1.65 1.28 1.61 1.49 3.93 3.38 2.26 1.39 1.41 1.48

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
164.2 255.2 179.7 223.5 16.0 258.0 345.4 382.0 266.8 296.3
Growth +55.4% −29.6% +24.3% −92.9% +1,516.2% +33.9% +10.6% −30.1% +11.1%
Investment
−92.3 −174.8 −197.0 −265.2 −86.3 −115.0 −217.1 −360.1 −327.6 −281.4
calc 71.9 80.4 −17.3 −41.8 −70.3 143.0 128.3 21.9 −60.8 15.0
Growth +11.8% −121.5% −10.3% −83.0% −378.0%
calc 0.34 0.38 −0.08 −0.20 −0.34 0.68 0.61 0.10 −0.29 0.07
23.0 −124.5 −163.8 −261.0 −88.7 −108.3 −259.6 −380.3 −280.3 −335.0
Financing
−113.0 −3.4 −73.4 −29.6 126.0 −17.9 −60.0 −11.8 −37.2 288.8
0.0 0.0 −20.9 −22.4 −10.2 −0.0 −31.6 −40.0 −50.6 −50.6
0.0 0.0 −46.0 −14.0 0.0 0.0 n/a n/a n/a n/a

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.