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Restaurant Brands International QSR Product — Total revenues

Other product segments

Royalties
$488M+9.7%
Advertising revenues and other services
$297M+7.2%
Franchise fees and other revenue
$36M+9.1%
Supply chain sales
$4M

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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+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

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

Where this comes from

Reported directly by Restaurant Brands International in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

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 product — total revenues?
Restaurant Brands International (QSR) reported product — total revenues of $686M in Q1 2026.
How has Restaurant Brands International's product — total revenues changed year-over-year?
Restaurant Brands International's product — total revenues increased by 12.3% year-over-year, from $611M to $686M.
What is the long-term trend for Restaurant Brands International's product — total revenues?
Over 4 years (2021 to 2025), Restaurant Brands International's product — total revenues has grown at a 5.2% compound annual growth rate (CAGR), from $2.38B to $2.91B.
What does product — total revenues mean?
This metric represents the aggregate gross revenue generated by the company's product-focused business segment, encompassing sales from company-operated locations and related supply chain activities. It serves as a primary indicator of the scale and market demand for the specific goods offered within this segment's portfolio. By capturing both direct retail sales and supply chain contributions, it reflects the segment's overall contribution to the consolidated top-line performance.