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Restaurant Brands International QSR TH — Property revenues

Other segment segments

BK
$56M+7.7%
PLK
$3M-25.0%
FHS
$0
INTL
$0-100%
RH
$0

Similar metrics at other companies

Yum! Brands logo
YUMProperty Revenues — Revenue
$25M+4.2%
Yum! Brands logo
YUMFranchise and property revenues — Revenue
$856M+9.0%
Yum! Brands logo
YUMFranchise and property revenue — Revenue
$1.71B+9.0%
CoreCivic logo
CXWProperties — Revenue
$4.7M+1.3%
Equity Lifestyle Properties logo
ELSProperty Operations — Operations revenues
$380.95M+3.2%
Dine Brands Global logo
DINRental revenues
$26.8M-0.7%

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: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 TH — property revenues?
Restaurant Brands International (QSR) reported TH — property revenues of $146M in Q1 2026.
How has Restaurant Brands International's TH — property revenues changed year-over-year?
Restaurant Brands International's TH — property revenues increased by 6.6% year-over-year, from $137M to $146M.
What is the long-term trend for Restaurant Brands International's TH — property revenues?
Over 4 years (2021 to 2025), Restaurant Brands International's TH — property revenues has grown at a 3.0% compound annual growth rate (CAGR), from $556M to $626M.
What does TH — property revenues mean?
Revenue generated by the Tim Hortons segment through the leasing of restaurant properties to franchisees. This represents a core component of the franchise business model where the company acts as a landlord, providing stable, recurring income streams.