Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Arcos Dorados Holdings  / Equity Bottom-Up

<ul><li>Arcos Dorados Holdings Inc., the largest independent McDonald's franchisee in the world, posted its third quarter 2025 financial performance, showcasing several positive developments along with some areas for improvement.</li><li>The company achieved its highest quarterly revenue of $1.2 billion, propelled by balanced U.S. dollar growth across its three divisions and a 12.7% increase in system-wide comparable sales, aligning with the inflation rate.</li><li>Despite these positive revenue figures, the company faced ongoing challenges due in part to the volatile economic environment in some of its key markets like Brazil, where input cost pressures, particularly concerning beef prices, put a dent in profitability.</li></ul>

Arcos Dorados Holdings Inc., the largest independent McDonald's franchisee in the world, posted its third quarter 2025 financial performance, showcasing several positive developments along with some areas for improvement.The company achieved its highest quarterly revenue of $1.2 billion, propelled by balanced U.S. dollar growth across its three divisions and a 12.7% increase in system-wide comparable sales, aligning with the inflation rate.Despite these positive revenue figures, the company faced ongoing challenges due in part to the volatile economic environment in some of its key markets like Brazil, where input cost pressures, particularly concerning beef prices, put a dent in profitability.

Arcos Dorados: 収益を保護しキャッシュフローを維持するための柔軟な投資戦略でブラジルとメキシコで事業を拡大!