Also trades as: M-R.BK (SET) · $vol 2M

฿20.10 ($0.60)

-0.10 (-0.50%)

Weekly Expected Move ±1.3%

฿20 ฿20 ฿20 ฿20 ฿21

SET · Consumer Cyclical · Restaurants · Tech Score Sell · Power 33 · ฿18.3B mcap · 223M float · 1.16% daily turnover

Revenue

$15.1B -2.0% ▼

5Y CAGR: +2.5%

Gross Profit

$9.3B -10.3% ▼

5Y CAGR: +1.2%

Operating Income

$748M -57.9% ▼

5Y CAGR: -7.4%

Net Income

$838M -41.9% ▼

5Y CAGR: -1.6%

EPS (Diluted)

$0.93 -40.8% ▼

5Y CAGR: -1.2%

EBITDA

$2.6B -31.5% ▼

5Y CAGR: -2.8%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$11.2B	$15.7B	$16.7B	$15.4B	$15.1B
YoY Growth	-16.3%	+40.7%	+5.9%	-7.5%	-2.0%
Cost of Revenue	$4.0B	$5.5B	$5.6B	$5.0B	$5.8B
Gross Profit	$7.2B	$10.3B	$11.0B	$10.4B	$9.3B
Gross Margin	64.1%	65.3%	66.1%	67.4%	61.7%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$7.2B	$8.6B	$9.3B	$9.0B	$8.6B
Operating Expenses	$7.0B	$8.4B	$9.0B	$8.6B	$8.6B
Operating Income	$183M	$1.8B	$2.0B	$1.8B	$748M
Operating Margin	1.6%	11.6%	12.2%	11.5%	4.9%
Interest Expense	$69M	$87M	$95M	$104M	$89M
Income Before Tax	$111M	$1.8B	$2.0B	$1.7B	$1.0B
Tax Expense	-$10M	$308M	$280M	$264M	$164M
Net Income	$131M	$1.4B	$1.7B	$1.4B	$838M
Net Margin	1.2%	9.1%	10.1%	9.3%	5.5%
EPS (Diluted)	$0.14	$1.56	$1.83	$1.57	$0.93
EBITDA	$1.9B	$3.8B	$4.0B	$3.8B	$2.6B
Shares Outstanding	921M	921M	921M	916M	904M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$3.7B	$3.7B	$3.5B	$3.8B	$3.9B	$3.9B	$4.0B	$4.2B
Cost of Revenue	$1.2B	$1.2B	$1.2B	$1.3B	$1.4B	$1.4B	$1.5B	$1.6B
Gross Profit	$2.5B	$2.5B	$2.4B	$2.5B	$2.5B	$2.5B	$2.5B	$2.6B
Gross Margin	67.8%	67.0%	66.5%	65.2%	63.9%	63.2%	62.0%	61.8%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$2.2B	$2.1B	$2.1B	$2.2B	$2.3B	$2.4B	$2.4B	$2.4B
Operating Expenses	$2.1B	$2.0B	$2.1B	$2.1B	$2.2B	$2.4B	$2.4B	$2.4B
Operating Income	$410M	$454M	$291M	$347M	$289M	$68M	$147M	$178M
Operating Margin	11.1%	12.3%	8.2%	9.1%	7.4%	1.7%	3.6%	4.2%
Interest Expense	$26M	$25M	$25M	$24M	$22M	$22M	$22M	$21M
Income Before Tax	$394M	$446M	$275M	$332M	$273M	$121M	$181M	$255M
Tax Expense	$48M	$85M	$41M	$57M	$46M	$20M	$29M	$33M
Net Income	$341M	$353M	$234M	$276M	$226M	$103M	$163M	$221M
Net Margin	9.3%	9.6%	6.6%	7.3%	5.8%	2.6%	4.0%	5.3%
EPS (Diluted)	$0.37	$0.39	$0.26	$0.31	$0.25	$0.11	$0.18	$0.24
EBITDA	$899M	$953M	$762M	$814M	$738M	$541M	$619M	$671M
Shares Outstanding	915M	916M	904M	904M	904M	904M	904M	904M

M.BK SET