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Other segment segments

PLK
$844M0.0%
INTL
$542M+10.2%
RH
$364M+0.6%
BK
$358M+206%
FHS
$194M+0.5%

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$439.06M+3.3%
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RHRH — Goodwill
$144.24M+2.3%

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

See full
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:Goodwill.

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 TH — goodwill?
Restaurant Brands International (QSR) reported TH — goodwill of $3.95B in Q1 2026.
How has Restaurant Brands International's TH — goodwill changed year-over-year?
Restaurant Brands International's TH — goodwill increased by 2.8% year-over-year, from $3.84B to $3.95B.
What is the long-term trend for Restaurant Brands International's TH — goodwill?
Over 4 years (2021 to 2025), Restaurant Brands International's TH — goodwill has grown at a -2.2% compound annual growth rate (CAGR), from $17.31B to $15.81B.
What does TH — goodwill mean?
The excess of the purchase price over the fair value of identifiable net assets acquired in business combinations specifically allocated to the Tim Hortons segment. It represents the premium paid for expected future economic benefits, such as brand reputation and customer loyalty.