Current assets decreased 23.4%
Current assets changed -23.4% from the comparable as-filed period. The change ranks at the 75th percentile of 4 prior comparable changes.
$3.0B→$2.3B4 prior comparisons
GROSSPATTERN / DETERMINISTIC EVIDENCE / V3
Search securities →QSR financial changes
Ranked by interpretable importance, issuer history, magnitude, and accounting profile. No directional recommendation.
Current ratio decreased 9.8%
Current ratio changed -9.8% from the comparable as-filed period. The change ranks at the 100th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
1.06→0.964 prior comparisons
Working capital / assets moved 108 bp lower
Working capital / assets changed -108 basis points from the comparable as-filed period. The change ranks at the 100th percentile of 4 prior comparable changes.
0.65%→-0.42%4 prior comparisons
Free-cash-flow proxy decreased 9.8%
Free-cash-flow proxy changed -9.8% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$531.0M→$479.0M2 prior comparisons
Operating margin moved 49 bp higher
Operating margin changed +49 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
27.07%→27.56%2 prior comparisons
Debt / revenue moved 2664 bp lower
Debt / revenue changed -2664 basis points from the comparable as-filed period.
551.00%→524.36%2 prior comparisons
Operating cash flow decreased 6.9%
Operating cash flow changed -6.9% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$592.0M→$551.0M2 prior comparisons
Current long-term debt decreased 29.1%
Current long-term debt changed -29.1% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$79.0M→$56.0M4 prior comparisons
Free-cash-flow margin moved 271 bp lower
Free-cash-flow margin changed -271 basis points from the comparable as-filed period.
21.68%→18.97%2 prior comparisons
Revenue increased 3.1%
Revenue changed +3.1% from the comparable as-filed period.
$2.4B→$2.5B2 prior comparisons
Current liabilities decreased 15.1%
Current liabilities changed -15.1% from the comparable as-filed period. The change ranks at the 50th percentile of 4 prior comparable changes.
$2.8B→$2.4B4 prior comparisons
Operating income increased 5.0%
Operating income changed +5.0% from the comparable as-filed period.
$663.0M→$696.0M2 prior comparisons
Operating cash-flow margin moved 235 bp lower
Operating cash-flow margin changed -235 basis points from the comparable as-filed period.
24.17%→21.82%2 prior comparisons
Capital expenditure increased 18.0%
Capital expenditure changed +18.0% from the comparable as-filed period.
$61.0M→$72.0M2 prior comparisons
Working capital changed across a sign change
Working capital changed -163.7% from the comparable as-filed period. The change ranks at the 50th percentile of 4 prior comparable changes. Relative percentage is de-emphasized because the comparison has a sign change.
$168.0M→-$107.0M4 prior comparisons
Capex / revenue moved 36 bp higher
Capex / revenue changed +36 basis points from the comparable as-filed period.
2.49%→2.85%2 prior comparisons
Debt / assets moved 16 bp lower
Debt / assets changed -16 basis points from the comparable as-filed period. The change ranks at the 75th percentile of 4 prior comparable changes.
52.57%→52.41%4 prior comparisons
Gross debt decreased 1.9%
Gross debt changed -1.9% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$13.5B→$13.2B4 prior comparisons
Reported total debt decreased 1.9%
Reported total debt changed -1.9% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$13.5B→$13.2B4 prior comparisons
Inventory / revenue moved 57 bp higher
Inventory / revenue changed +57 basis points from the comparable as-filed period.
8.82%→9.39%2 prior comparisons
SBC / revenue moved 4 bp higher
SBC / revenue changed +4 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
1.31%→1.35%2 prior comparisons
Noncurrent long-term debt decreased 1.7%
Noncurrent long-term debt changed -1.7% from the comparable as-filed period. The change ranks at the 50th percentile of 4 prior comparable changes.
$13.4B→$13.2B4 prior comparisons
Total assets decreased 1.6%
Total assets changed -1.6% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$25.7B→$25.3B4 prior comparisons
Inventory increased 9.7%
Inventory changed +9.7% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$216.0M→$237.0M4 prior comparisons
Stock-based compensation increased 6.2%
Stock-based compensation changed +6.2% from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
$32.0M→$34.0M2 prior comparisons
Operating margin moved 837 bp higher
Operating margin changed +837 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
20.04%→28.41%2 prior comparisons
Operating income increased 48.2%
Operating income changed +48.2% from the comparable as-filed period.
$483.0M→$716.0M2 prior comparisons
Inventory increased 34.1%
Inventory changed +34.1% from the comparable as-filed period. The change ranks at the 75th percentile of 4 prior comparable changes.
$167.0M→$224.0M4 prior comparisons
Current long-term debt decreased 74.1%
Current long-term debt changed -74.1% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
$185.0M→$48.0M4 prior comparisons
Operating cash flow increased 18.0%
Operating cash flow changed +18.0% from the comparable as-filed period.
$449.0M→$530.0M3 prior comparisons
Free-cash-flow proxy increased 16.5%
Free-cash-flow proxy changed +16.5% from the comparable as-filed period.
$411.0M→$479.0M3 prior comparisons
Current assets decreased 16.0%
Current assets changed -16.0% from the comparable as-filed period. The change ranks at the 75th percentile of 4 prior comparable changes.
$2.8B→$2.3B4 prior comparisons
Debt / revenue moved 3890 bp lower
Debt / revenue changed -3890 basis points from the comparable as-filed period.
564.85%→525.95%2 prior comparisons
Revenue increased 4.6%
Revenue changed +4.6% from the comparable as-filed period.
$2.4B→$2.5B2 prior comparisons
Inventory / revenue moved 196 bp higher
Inventory / revenue changed +196 basis points from the comparable as-filed period.
6.93%→8.89%2 prior comparisons
Capital expenditure increased 34.2%
Capital expenditure changed +34.2% from the comparable as-filed period.
$38.0M→$51.0M3 prior comparisons
Current liabilities decreased 16.0%
Current liabilities changed -16.0% from the comparable as-filed period. The change ranks at the 50th percentile of 4 prior comparable changes.
$2.8B→$2.3B4 prior comparisons
Free-cash-flow margin moved 195 bp higher
Free-cash-flow margin changed +195 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
17.05%→19.01%2 prior comparisons
Operating cash-flow margin moved 240 bp higher
Operating cash-flow margin changed +240 basis points from the comparable as-filed period.
18.63%→21.03%2 prior comparisons
Working capital decreased 14.7%
Working capital changed -14.7% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
$34.0M→$29.0M4 prior comparisons
Capex / revenue moved 45 bp higher
Capex / revenue changed +45 basis points from the comparable as-filed period.
1.58%→2.02%2 prior comparisons
Reported total debt decreased 2.6%
Reported total debt changed -2.6% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
$13.6B→$13.3B4 prior comparisons
Gross debt decreased 2.6%
Gross debt changed -2.6% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
$13.6B→$13.3B4 prior comparisons
Stock-based compensation increased 6.1%
Stock-based compensation changed +6.1% from the comparable as-filed period. This reverses 3 consecutive comparable moves in the opposite direction.
$33.0M→$35.0M3 prior comparisons
SBC / revenue moved 2 bp higher
SBC / revenue changed +2 basis points from the comparable as-filed period. This reverses 2 consecutive comparable moves in the opposite direction.
1.37%→1.39%2 prior comparisons
Total assets decreased 2.6%
Total assets changed -2.6% from the comparable as-filed period. The change ranks at the 25th percentile of 4 prior comparable changes.
$25.7B→$25.0B4 prior comparisons
Noncurrent long-term debt decreased 1.7%
Noncurrent long-term debt changed -1.7% from the comparable as-filed period. The change ranks at the 50th percentile of 4 prior comparable changes.
$13.4B→$13.2B4 prior comparisons
Working capital / assets moved 2 bp lower
Working capital / assets changed -2 basis points from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes. This reverses 2 consecutive comparable moves in the opposite direction.
0.13%→0.12%4 prior comparisons
Debt / assets moved 2 bp lower
Debt / assets changed -2 basis points from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
52.99%→52.97%4 prior comparisons
Current ratio increased 0.0%
Current ratio changed +0.0% from the comparable as-filed period. The change ranks at the 0th percentile of 4 prior comparable changes.
1.01→1.014 prior comparisons
Method Importance combines metric-family relevance, magnitude, issuer-history unusualness, persistence, and financial-statement significance. It is analytical prioritization, not a legal materiality conclusion or investment signal.