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Restaurant Brands International QSR Firehouse Subs — Number of restaurants in operation

Other segment segments

BK
19.9K+0.7%
TH
6.2K+2.7%
PLK
5.4K+8.1%
FHS
1.5K+9.1%

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Other financials

Income statement

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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+18.4%
Enterprise value$40.43B+10.1%
P/E19.9×+1.7×
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

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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:NumberOfRestaurants.

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 firehouse subs — number of restaurants in operation?
Restaurant Brands International (QSR) reported firehouse subs — number of restaurants in operation of 1.5K in Q1 2026.
How has Restaurant Brands International's firehouse subs — number of restaurants in operation changed year-over-year?
Restaurant Brands International's firehouse subs — number of restaurants in operation increased by 9.6% year-over-year, from 1.4K to 1.5K.
What does firehouse subs — number of restaurants in operation mean?
This metric represents the total count of Firehouse Subs restaurant locations currently open and operating under the brand's banner. It serves as a primary indicator of the brand's physical footprint, market penetration, and the scale of its franchise network. Tracking this figure helps investors assess the brand's expansion velocity and the effectiveness of its development strategy within the quick-service sandwich segment.