What does FHS — property revenues mean?

Represents the total rental income generated from properties leased to franchisees within the specific business segment. This metric reflects the company's role as a landlord in its franchise ecosystem, providing a stable stream of revenue independent of restaurant sales performance.

Restaurant Brands International QSR FHS — Property revenues

Other segment segments

$146M+6.6%

$56M+7.7%

PLK

$3M-25.0%

INTL

$0-100%

$0—

Similar metrics at other companies

YUMFranchise and property revenue — Revenue

$1.71B+9.0%

YUMFranchise and property revenues — Revenue

$856M+9.0%

WENFranchise Rental Income — Franchise rental income

$58.94M-0.3%

WHHotel Franchising Segment — Revenue

$327M+3.5%

YUMProperty Revenues — Revenue

$25M+4.2%

EAT

EATFranchise revenues — Revenue

$14.7M+21.5%

Other financials

Income statement

See full

Revenue$2.3B+7.3%

Gross profit$1.1B+8.9%

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

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Market cap$25.79B+20.2%

Enterprise value$40.43B+11.2%

P/E19.9×+2.0×

P/S2.7×+0.3×

Profitability

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Gross margin65.3%+0.9pp

Operating margin24.7%-1.6pp

Net margin13.5%-1.7pp

FCF margin16.3%+2.2pp

Returns & leverage

See full

Return on equity37.9%-6.1pp

Debt / equity4.2×-0.9×

Current ratio1×0.0×

Where this comes from

Reported directly by Restaurant Brands International in its filing.

Tagged under the XBRL concept us-gaap:LeaseIncome.

The official record: Restaurant Brands International’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Restaurant Brands International's FHS — property revenues?: Restaurant Brands International (QSR) reported FHS — property revenues of $0 in Q1 2026.
What does FHS — property revenues mean?: Represents the total rental income generated from properties leased to franchisees within the specific business segment. This metric reflects the company's role as a landlord in its franchise ecosystem, providing a stable stream of revenue independent of restaurant sales performance.