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Restaurant Brands International

QSR

Restaurant Brands International is one of the world's largest quick service restaurant companies, operating a global portfolio of iconic brands.

Market cap
$25.83B+14.4%
Revenue$9.6B+9.3%
Net income$1.3B-2.9%
Free cash flow$1.6B+26.7%
EPS (diluted)$2.84-3.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$2.5B
EPS estimate$1.03

Financials

Q1 2026

Income statement

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Revenue$2.3B+7.3%
Operating income$606.0M+39.3%
Net income$445.0M+101%
EPS (diluted)$0.97+98.0%

Balance sheet

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Cash & equivalents$1.0B+12.6%
Total debt$15.6B-1.5%
Total equity$3.7B+20.1%
Total assets$24.9B0.0%

Cash flow

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Operating cash flow$227.0M+92.4%
CapEx$58.0M-9.4%
Free cash flow$169.0M+213%

Valuation & ratios

Valuation

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Market cap$25.83B+14.4%
Enterprise value$40.47B+8.0%
P/E19.9×+1.1×
P/S2.7×+0.2×

Profitability

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Operating margin24.7%-1.6pp
Net margin13.5%-1.7pp
FCF margin16.3%+2.2pp

Returns & leverage

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Return on equity37.9%-6.1pp
Debt / equity4.2×-0.9×
Current ratio0.0×

Segments

By segment

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TH$997.0M+10.4%
RH$448.0M+3.7%
BK$365.0M+2.5%
INTL$254.0M+16.5%
PLK$190.0M-2.1%

By product

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Royalties$488.0M+9.7%
Advertising revenues and other services$297.0M+7.2%
Franchise fees and other revenue$36.0M+9.1%
Supply chain sales$4.0M

Competitors

Profile

Restaurant Brands International is one of the world's largest quick service restaurant companies, operating a global portfolio of iconic brands. The company primarily utilizes a franchise-heavy business model to scale its presence across more than 120 countries and territories. Its core value proposition centers on delivering quality food, service excellence, and guest convenience through a mix of franchised and company-owned locations.

Competitive position

One of the world's largest QSR companies with a dominant position in the coffee, hamburger, and chicken categories.

GeographiesUnited States, Canada, China, Global
Customer segmentsMass market consumers, Franchise operators
Business modelFranchising, Manufacturing and Supply Chain, Real Estate Leasing
SuppliersGreen coffee bean suppliers, Poultry and meat processors, Packaging manufacturers, Third-party logistics and distributors
CustomersRetail consumers, Franchisees, Master franchise partners
CountryCanada
Listed2014
Employees9.0K
CEOJoshua Kobza
IndustryRestaurants
Websiterbi.com
FilingsSEC EDGAR

Questions, answered.

What is Restaurant Brands International's market cap?
Restaurant Brands International (QSR) has a market capitalization of $25.8B and trades on NYSE.
What is Restaurant Brands International's revenue and profitability?
Restaurant Brands International generated $9.6B in trailing twelve-month revenue with net income of $1.3B, representing a net margin of 13.5%. Gross margin stands at 65.3%, with free cash flow of $1.6B. These figures are based on the Q1 2026 filing.
Who are Restaurant Brands International's competitors?
Restaurant Brands International's key competitors include McDonald's Corporation, Yum! Brands, Inc., Wendy's Company, and others. These companies compete in similar markets and product categories.
Who does Restaurant Brands International partner with?
Restaurant Brands International's notable partners include The Coca-Cola Company, Dr. Pepper/Snapple, Inc., CPE Alder Investment Limited.
What subsidiaries does Restaurant Brands International have?
Restaurant Brands International's subsidiaries include Tim Hortons, Burger King, Popeyes, and others.
Where is Restaurant Brands International headquartered?
Restaurant Brands International is headquartered in Canada and employs approximately 9,000 people. It has been publicly traded since 2014.