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Feb 12, 2026·SEC
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Restaurant Brands International Inc.(QSR)Earnings, Financials & Key Ratios
QSR•NYSE
$77.18
$25.3B mkt cap·24.3× P/E·Price updated May 6, 2026
AboutRestaurant Brands International Inc. operates as quick service restaurant company in Canada and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and others. It is also involved in owning and franchising BK, a fast food hamburger restaurant chain, which offers flame-grilled hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, and other food items; and PLK quick service restaurants that provide Louisiana style fried chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other regional items. In addition, the company owns and franchises FHS restaurants quick service restaurants that offer subs, soft drinks, and local specialties. As of February 15, 2022, the company had approximately 29,000 restaurants in 100 countries under the Tim Hortons, Burger King, Popeyes, And Firehouse Subs brands. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Toronto, Canada.Show more
- Revenue$8.41B+19.7%
- EBITDA$2.68B+19.7%
- Net Income$1.02B-14.2%
- EPS (Diluted)3.18-15.4%
- Gross Margin35.97%-9.8%
- EBITDA Margin31.92%
- Operating Margin28.78%-1.5%
- Net Margin12.15%-28.3%
- ROE21.33%-19.4%
- ROIC9.66%+12.0%
- Debt/Equity3.29+7.4%
- Interest Coverage3.01+12.4%
QSR Key Insights
Restaurant Brands International Inc. (QSR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 24.2%
- ✓FCF machine: 15.5% free cash flow margin
- ✓13 consecutive years of dividend growth
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 2.9%
- ✓Healthy 5Y average net margin of 13.8%
✗Weaknesses
- ✗High debt to equity ratio of 3.3x
- ✗Dividend payout exceeds 100% of earnings
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
QSR Price & Volume
Restaurant Brands International Inc. (QSR) stock price & volume — 10-year historical chart
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QSR Growth Metrics
Restaurant Brands International Inc. (QSR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years21.5%
5 Years8.45%
3 Years13.57%
TTM16.82%
Profit CAGR
10 Years20.26%
5 Years9.69%
3 Years6.81%
TTM-27.4%
EPS CAGR
10 Years-
5 Years6.06%
3 Years5.74%
TTM-29.65%
Return on Capital
10 Years9.1%
5 Years9.12%
3 Years9.98%
Last Year11.12%
QSR Recent Earnings
Restaurant Brands International Inc. (QSR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 8/12 qtrs (67%)
Q1 2026Latest
Feb 12, 2026EPS
$0.96
Est $0.95
+1.4%
Revenue
$2.5B
Est $2.4B
+2.3%
Q4 2025
Oct 30, 2025EPS
$1.03
Est $1.00
+3.2%
Revenue
$2.4B
Est $2.4B
+2.4%
Q3 2025
Aug 7, 2025EPS
$0.94
Est $0.97
-2.9%
Revenue
$2.4B
Est $2.3B
+2.9%
Q2 2025
May 8, 2025EPS
$0.75
Est $0.78
-4.1%
Revenue
$2.1B
Est $2.1B
-1.9%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 12, 2026 | $0.96vs $0.95+1.4% | $2.5Bvs $2.4B+2.3% |
| Q4 2025 | Oct 30, 2025 | $1.03vs $1.00+3.2% | $2.4Bvs $2.4B+2.4% |
| Q3 2025 | Aug 7, 2025 | $0.94vs $0.97-2.9% | $2.4Bvs $2.3B+2.9% |
| Q2 2025 | May 8, 2025 | $0.75vs $0.78-4.1% | $2.1Bvs $2.1B-1.9% |
Based on last 12 quarters of dataView full earnings history →
QSR Peer Comparison
Restaurant Brands International Inc. (QSR) competitors in Quick-Service Restaurant Franchisors — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MCD | 203.09B | 285.17 | 25.04 | 1.67% | 32.04% | 3.29% | ||
 YUM | 42.54B | 153.89 | 27.68 | 8.81% | 20.48% | 3.85% | ||
 WEN | 1.26B | 6.61 | 6.96 | 2.98% | 8.43% | 170.42% | 20.74% | 15.78 |
 JACK | 245.94M | 12.84 | -3.05 | -6.75% | -5.16% | 30.14% | ||
 DENN | 321.87M | 6.25 | 15.24 | -2.5% | 2.24% | 0.29% | ||
 SBUX | 119.6B | 104.94 | 64.38 | 2.79% | 3.63% | 2.04% | ||
 DPZ | 11.15B | 331.73 | 18.88 | 4.96% | 11.89% | 6.02% | ||
 PZZA | 1.14B | 34.81 | 38.68 | -0.27% | 3.15% | 5.37% |
Compare QSR vs Peers
Restaurant Brands International Inc. (QSR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
QSR Income Statement
Restaurant Brands International Inc. (QSR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 4.15B | 4.58B | 5.36B | 5.6B | 4.97B | 5.74B | 6.5B | 7.02B | 8.41B | 9.26B |
| Revenue Growth % | 2.31% | 10.37% | 17.07% | 4.59% | -11.33% | 15.52% | 13.35% | 7.95% | 19.71% | 16.82% |
| Cost of Goods Sold | 2.18B | 2.33B | 2.24B | 3.21B | 3B | 3.37B | 3.91B | 4.22B | 5.38B | 5.82B |
| COGS % of Revenue | 52.6% | 50.87% | 41.81% | 57.31% | 60.29% | 58.63% | 60.06% | 60.1% | 64.03% | - |
| Gross Profit | 1.97B▲ 0% | 2.25B▲ 14.4% | 3.12B▲ 38.7% | 2.39B▼ 23.3% | 1.97B▼ 17.5% | 2.37B▲ 20.3% | 2.6B▲ 9.4% | 2.8B▲ 7.9% | 3.02B▲ 7.9% | 3.45B▲ 0% |
| Gross Margin % | 47.4% | 49.13% | 58.19% | 42.69% | 39.71% | 41.37% | 39.94% | 39.9% | 35.97% | 37.22% |
| Gross Profit Growth % | 12.96% | 14.4% | 38.66% | -23.26% | -17.52% | 20.32% | 9.44% | 7.85% | 7.92% | - |
| Operating Expenses | 298M | 513M | 1.2B | 385M | 551M | 495M | 700M | 751M | 605M | 1.22B |
| OpEx % of Revenue | 7.19% | 11.21% | 22.4% | 6.87% | 11.09% | 8.63% | 10.76% | 10.7% | 7.2% | - |
| Selling, General & Admin | 281M | 329M | 1.14B | 387M | 388M | 450M | 561M | 647M | 691M | 706M |
| SG&A % of Revenue | 6.78% | 7.19% | 21.26% | 6.91% | 7.81% | 7.84% | 8.62% | 9.21% | 8.22% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 17M | 184M | 61M | -2M | 163M | 45M | 139M | 104M | -86M | 2M |
| Operating Income | 1.67B▲ 0% | 1.74B▲ 4.1% | 1.92B▲ 10.5% | 2.01B▲ 4.7% | 1.42B▼ 29.1% | 1.88B▲ 32.1% | 1.9B▲ 1.0% | 2.05B▲ 8.1% | 2.42B▲ 17.9% | 2.23B▲ 0% |
| Operating Margin % | 40.21% | 37.92% | 35.78% | 35.82% | 28.62% | 32.74% | 29.18% | 29.21% | 28.78% | 24.03% |
| Operating Income Growth % | 39.83% | 4.08% | 10.49% | 4.69% | -29.15% | 32.14% | 1.01% | 8.06% | 17.94% | - |
| EBITDA | 1.84B | 1.92B | 2.1B | 2.19B | 1.61B | 2.08B | 2.09B | 2.24B | 2.68B | 2.53B |
| EBITDA Margin % | 44.36% | 41.89% | 39.15% | 39.12% | 32.43% | 36.24% | 32.1% | 31.93% | 31.92% | 27.28% |
| EBITDA Growth % | 33.82% | 4.24% | 9.39% | 4.53% | -26.51% | 29.11% | 0.38% | 7.38% | 19.67% | 1.57% |
| D&A (Non-Cash Add-back) | 172M | 182M | 180M | 185M | 189M | 201M | 190M | 191M | 264M | 301M |
| EBIT | 1.63B | 1.61B | 1.9B | 1.98B | 1.31B | 1.84B | 1.88B | 2.05B | 2.4B | 2.11B |
| Net Interest Income | -445.6M | -481.2M | -576M | -576M | -475M | -425M | -535M | -726M | -765M | -547M |
| Interest Income | 4.1M | 26.4M | 15M | 20M | 9M | 3M | 7M | 40M | 39M | 38M |
| Interest Expense | 449.7M | 507.6M | 591M | 596M | 484M | 428M | 542M | 766M | 804M | 585M |
| Other Income/Expense | -467M | -634M | -535M | -555M | -606M | -516M | -533M | -598M | -610M | -536M |
| Pretax Income | 1.2B▲ 0% | 1.1B▼ 8.3% | 1.38B▲ 25.5% | 1.45B▲ 5.1% | 816M▼ 43.8% | 1.36B▲ 67.0% | 1.36B▲ 0.1% | 1.45B▲ 6.4% | 1.81B▲ 24.5% | 1.69B▲ 0% |
| Pretax Margin % | 28.94% | 24.06% | 25.8% | 25.91% | 16.43% | 23.75% | 20.98% | 20.69% | 21.52% | 18.24% |
| Income Tax | 244M | -134M | 238M | 341M | 66M | 110M | -117M | -265M | 364M | 402M |
| Effective Tax Rate % | 20.33% | -12.17% | 17.22% | 23.48% | 8.09% | 8.07% | -8.57% | -18.24% | 20.12% | 23.79% |
| Net Income | 616M▲ 0% | 648M▲ 5.2% | 612M▼ 5.6% | 643M▲ 5.1% | 486M▼ 24.4% | 838M▲ 72.4% | 1.01B▲ 20.3% | 1.19B▲ 18.1% | 1.02B▼ 14.2% | 922M▲ 0% |
| Net Margin % | 14.86% | 14.16% | 11.42% | 11.48% | 9.78% | 14.6% | 15.5% | 16.95% | 12.15% | 9.95% |
| Net Income Growth % | 64.22% | 5.19% | -5.56% | 5.07% | -24.42% | 72.43% | 20.29% | 18.06% | -14.2% | -27.4% |
| Net Income (Continuing) | 956M | 1.24B | 1.14B | 1.11B | 750M | 1.25B | 1.48B | 1.72B | 1.45B | 1.29B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3M |
| Minority Interest | 1.79B | 2.33B | 2.01B | 1.77B | 1.55B | 1.62B | 1.77B | 1.86B | 1.73B | 1.78B |
| EPS (Diluted) | 1.45▲ 0% | 2.54▲ 75.2% | 2.42▼ 4.7% | 2.37▼ 2.1% | 1.60▼ 32.5% | 2.69▲ 68.1% | 3.25▲ 20.8% | 3.76▲ 15.7% | 3.18▼ 15.4% | 2.02▲ 0% |
| EPS Growth % | 190% | 75.17% | -4.72% | -2.07% | -32.49% | 68.13% | 20.82% | 15.69% | -15.43% | -29.65% |
| EPS (Basic) | 1.48 | 2.64 | 2.46 | 2.40 | 1.61 | 2.71 | 3.28 | 3.82 | 3.21 | - |
| Diluted Shares Outstanding | 470M | 477.4M | 473M | 469M | 468M | 464M | 455M | 456M | 454M | 456M |
| Basic Shares Outstanding | 232.9M | 237M | 249M | 268M | 302M | 310M | 307M | 312M | 319M | 327M |
| Dividend Payout Ratio | 87.34% | 102.47% | 118.95% | 140.12% | 197.33% | 116.23% | 96.33% | 83.19% | 100.78% | - |
QSR Balance Sheet
Restaurant Brands International Inc. (QSR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.1B | 1.75B | 1.5B | 2.2B | 2.26B | 1.82B | 2.05B | 2.17B | 2.28B | 3.02B |
| Cash & Short-Term Investments | 1.46B | 1.1B | 913M | 1.53B | 1.56B | 1.09B | 1.18B | 1.14B | 1.33B | 1.21B |
| Cash Only | 1.46B | 1.1B | 913M | 1.53B | 1.56B | 1.09B | 1.18B | 1.14B | 1.33B | 1.21B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 403.5M | 489M | 452M | 527M | 536M | 547M | 614M | 749M | 698M | 761M |
| Days Sales Outstanding | 35.52 | 39 | 30.8 | 34.33 | 39.38 | 34.79 | 34.45 | 38.93 | 30.31 | 28.7 |
| Inventory | 71.8M | 78M | 75M | 84M | 96M | 96M | 133M | 166M | 142M | 216M |
| Days Inventory Outstanding | 12.02 | 12.23 | 12.22 | 9.55 | 11.7 | 10.41 | 12.43 | 14.36 | 9.63 | 10.73 |
| Other Current Assets | 57.7M | 0 | 0 | 0 | 0 | 0 | 123M | 119M | 108M | 832M |
| Total Non-Current Assets | 17.03B | 19.47B | 18.64B | 20.16B | 20.51B | 21.43B | 20.7B | 21.22B | 22.35B | 22.65B |
| Property, Plant & Equipment | 2.05B | 2.13B | 2B | 3.18B | 3.18B | 3.17B | 3.03B | 3.07B | 4.09B | 4.17B |
| Fixed Asset Turnover | 2.02x | 2.15x | 2.68x | 1.76x | 1.56x | 1.81x | 2.15x | 2.28x | 2.06x | 2.25x |
| Goodwill | 4.68B | 5.78B | 5.49B | 5.65B | 5.74B | 6.01B | 5.69B | 5.78B | 5.99B | 6.22B |
| Intangible Assets | 9.23B | 11.06B | 10.46B | 10.56B | 10.7B | 11.42B | 10.99B | 11.11B | 10.92B | 11.13B |
| Long-Term Investments | 0 | 0 | 0 | 0 | 271M | 324M | 607M | 360M | 390M | 1.1B |
| Other Non-Current Assets | 1.07B | 497M | 696M | 767M | 619M | 518M | 380M | 902M | 964M | 3.8B |
| Total Assets | 19.12B▲ 0% | 21.22B▲ 11.0% | 20.14B▼ 5.1% | 22.36B▲ 11.0% | 22.78B▲ 1.9% | 23.25B▲ 2.1% | 22.75B▼ 2.2% | 23.39B▲ 2.8% | 24.63B▲ 5.3% | 25.67B▲ 0% |
| Asset Turnover | 0.22x | 0.22x | 0.27x | 0.25x | 0.22x | 0.25x | 0.29x | 0.30x | 0.34x | 0.37x |
| Asset Growth % | 3.88% | 10.98% | -5.1% | 11.02% | 1.86% | 2.06% | -2.15% | 2.84% | 5.31% | 18.69% |
| Total Current Liabilities | 1.21B | 1.66B | 1.41B | 1.7B | 1.6B | 1.88B | 2.12B | 2.14B | 2.36B | 2.85B |
| Accounts Payable | 369.8M | 496M | 513M | 644M | 464M | 614M | 758M | 790M | 765M | 826M |
| Days Payables Outstanding | 61.89 | 77.77 | 83.59 | 73.2 | 56.55 | 66.6 | 70.81 | 68.33 | 51.88 | 47.87 |
| Short-Term Debt | 93.9M | 78M | 91M | 101M | 79M | 96M | 127M | 101M | 222M | 316M |
| Deferred Revenue (Current) | 249.1M | 258M | 194M | 203M | 233M | 269M | 273M | 325M | 307M | 916M |
| Other Current Liabilities | 163.9M | 90M | 80M | 65M | 90M | 189M | 153M | 165M | 159M | 1.05B |
| Current Ratio | 1.73x | 1.06x | 1.07x | 1.29x | 1.41x | 0.97x | 0.97x | 1.01x | 0.97x | 0.97x |
| Quick Ratio | 1.67x | 1.01x | 1.01x | 1.24x | 1.35x | 0.92x | 0.91x | 0.94x | 0.91x | 0.91x |
| Cash Conversion Cycle | -14.35 | -26.53 | -40.57 | -29.33 | -5.47 | -21.4 | -23.94 | -15.04 | -11.94 | -8.43 |
| Total Non-Current Liabilities | 11.13B | 15.01B | 15.12B | 16.4B | 17.45B | 17.52B | 16.36B | 16.52B | 17.43B | 17.66B |
| Long-Term Debt | 8.41B | 11.8B | 11.82B | 11.76B | 12.4B | 12.92B | 12.84B | 12.85B | 13.46B | 13.41B |
| Capital Lease Obligations | 494.2M | 496M | 418M | 1.48B | 1.48B | 1.47B | 1.39B | 1.41B | 2.09B | 8.44B |
| Deferred Tax Liabilities | 1.72B | 1.51B | 1.52B | 1.56B | 1.43B | 1.37B | 1.31B | 1.3B | 1.21B | 4.76B |
| Other Non-Current Liabilities | 482M | 1.17B | 847M | 1.03B | 1.6B | 1.19B | 238M | 342M | 105M | 1.15B |
| Total Liabilities | 12.34B | 16.66B | 16.52B | 18.1B | 19.06B | 19.39B | 18.48B | 18.66B | 19.79B | 20.5B |
| Total Debt | 9B | 12.38B | 12.33B | 13.47B | 14.12B | 14.62B | 14.49B | 14.52B | 15.96B | 15.84B |
| Net Debt | 7.54B | 11.28B | 11.42B | 11.93B | 12.56B | 13.53B | 13.31B | 13.38B | 14.62B | 14.64B |
| Debt / Equity | 1.33x | 2.71x | 3.41x | 3.16x | 3.80x | 3.79x | 3.40x | 3.07x | 3.29x | 3.29x |
| Debt / EBITDA | 4.89x | 6.46x | 5.88x | 6.14x | 8.77x | 7.03x | 6.94x | 6.47x | 5.95x | 6.27x |
| Net Debt / EBITDA | 4.10x | 5.88x | 5.45x | 5.44x | 7.80x | 6.51x | 6.38x | 5.97x | 5.45x | 5.45x |
| Interest Coverage | 3.71x | 3.42x | 3.24x | 3.37x | 2.94x | 4.39x | 3.50x | 2.68x | 3.01x | 3.61x |
| Total Equity | 6.79B▲ 0% | 4.56B▼ 32.8% | 3.62B▼ 20.7% | 4.26B▲ 17.7% | 3.72B▼ 12.6% | 3.85B▲ 3.5% | 4.27B▲ 10.8% | 4.73B▲ 10.8% | 4.84B▲ 2.4% | 5.17B▲ 0% |
| Equity Growth % | 9.27% | -32.79% | -20.67% | 17.72% | -12.63% | 3.55% | 10.77% | 10.82% | 2.39% | 7.59% |
| Book Value per Share | 14.44 | 9.55 | 7.65 | 9.08 | 7.95 | 8.30 | 9.38 | 10.37 | 10.67 | 11.33 |
| Total Shareholders' Equity | 5B | 2.23B | 1.61B | 2.49B | 2.17B | 2.24B | 2.5B | 2.87B | 3.11B | 3.38B |
| Common Stock | 1.96B | 2.05B | 1.74B | 2.48B | 2.4B | 2.16B | 2.06B | 1.97B | 2.36B | 2.5B |
| Retained Earnings | 445.7M | 651M | 674M | 775M | 622M | 791M | 1.12B | 1.6B | 1.86B | 1.9B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -698.3M | -476M | -800M | -763M | -854M | -710M | -679M | -706M | -1.11B | -1.02B |
| Minority Interest | 1.79B | 2.33B | 2.01B | 1.77B | 1.55B | 1.62B | 1.77B | 1.86B | 1.73B | 1.78B |
QSR Cash Flow Statement
Restaurant Brands International Inc. (QSR) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.27B | 1.38B | 1.17B | 1.48B | 921M | 1.73B | 1.49B | 1.32B | 1.5B | 1.5B |
| Operating CF Margin % | 30.61% | 30.2% | 21.75% | 26.34% | 18.54% | 30.07% | 22.91% | 18.84% | 17.88% | - |
| Operating CF Growth % | 5.33% | 8.9% | -15.7% | 26.7% | -37.6% | 87.41% | -13.67% | -11.21% | 13.61% | 38.73% |
| Net Income | 955.9M | 1.24B | 1.14B | 1.11B | 750M | 1.25B | 1.48B | 1.19B | 1.02B | 922M |
| Depreciation & Amortization | 172.1M | 181.1M | 180M | 185M | 189M | 201M | 190M | 194.5M | 264M | 302M |
| Stock-Based Compensation | 35.1M | 48.3M | 48M | 68M | 84M | 102M | 136M | 194M | 172M | 161M |
| Deferred Taxes | 80.1M | -742.4M | 29M | 58M | -208M | -5M | -60M | -437.89M | -5M | -8M |
| Other Non-Cash Items | 23.4M | 265.7M | -113M | -77M | 300M | 17M | 52M | 451.38M | 160M | -144.16M |
| Working Capital Changes | 2.4M | 394M | -123M | 131M | -194M | 158M | -310M | -269M | -109M | 115M |
| Change in Receivables | -27.1M | 331M | -200M | -54.23M | -30M | 7.93M | -105.64M | -147M | 7M | -115.69M |
| Change in Inventory | 7.7M | 2.9M | -7M | -15M | -10M | 12M | -61M | -43M | 30M | 29M |
| Change in Payables | 27.5M | 19.9M | 41M | 114.6M | 0 | 147.69M | 169M | 22M | -30M | 64.99M |
| Cash from Investing | 26.9M | -857.8M | -44M | -30M | -79M | -1.1B | -64M | 11M | -660M | -260.24M |
| Capital Expenditures | -33.7M | -36.7M | -86M | -62M | -117M | -106M | -100M | -120M | -201M | -240M |
| CapEx % of Revenue | 0.81% | 0.8% | 1.61% | 1.11% | 2.36% | 1.85% | 1.54% | 1.71% | 2.39% | - |
| Acquisitions | 30M | -1.64B | 8M | 0 | 0 | -1B | -12M | 0 | -540M | -141.81M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 2.6M | 26.6M | 1M | 8M | 5M | 2M | 48M | 19M | 7M | 121.57M |
| Cash from Financing | -590.9M | -935.2M | -1.28B | -842M | -821M | -1.09B | -1.31B | -1.37B | -625M | -1.23B |
| Debt Issued (Net) | -70M | 3.11B | 1M | -16M | 527M | 446M | -92M | -37M | 260M | -227.01M |
| Equity Issued (Net) | 1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 2.94M |
| Dividends Paid | -538.1M | -663.5M | -728M | -901M | -1.01B | -974M | -971M | -990M | -1.03B | -1.09B |
| Share Repurchases | 0 | -330.2M | -621M | 0 | -380M | -551M | -326M | -500M | 0 | 0 |
| Other Financing | 3.5M | -3.08B | 2M | -27M | -40.34M | -74M | 31M | 93M | 66M | 65.17M |
| Net Change in Cash | 702.6M▲ 0% | -387M▼ 155.1% | -184M▲ 52.5% | 620M▲ 437.0% | 27M▼ 95.6% | -473M▼ 1851.9% | 91M▲ 119.2% | -39M▼ 142.9% | 195M▲ 600.0% | 30M▲ 0% |
| Free Cash Flow | 1.24B▲ 0% | 1.35B▲ 8.9% | 1.08B▼ 19.8% | 1.41B▲ 31.0% | 804M▼ 43.1% | 1.62B▲ 101.5% | 1.39B▼ 14.2% | 1.2B▼ 13.5% | 1.3B▲ 8.2% | 1.36B▲ 0% |
| FCF Margin % | 29.79% | 29.4% | 20.14% | 25.24% | 16.18% | 28.23% | 21.37% | 17.13% | 15.49% | 14.71% |
| FCF Growth % | 13.38% | 8.9% | -19.79% | 31.05% | -43.14% | 101.49% | -14.2% | -13.45% | 8.23% | 8.8% |
| FCF per Share | 2.63 | 2.82 | 2.28 | 3.01 | 1.72 | 3.49 | 3.05 | 2.64 | 2.87 | 2.87 |
| FCF Conversion (FCF/Net Income) | 2.06x | 2.13x | 1.90x | 2.30x | 1.90x | 2.06x | 1.48x | 1.11x | 1.47x | 1.48x |
| Interest Paid | 407M | 447M | 561M | 584M | 463M | 404M | 487M | 761M | 785M | 730M |
| Taxes Paid | 159M | 200M | 433M | 248M | 267M | 256M | 275M | 290M | 293M | 107M |
QSR Key Ratios
Restaurant Brands International Inc. (QSR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 9.48% | 11.42% | 14.97% | 16.33% | 12.18% | 22.13% | 24.82% | 26.45% | 21.33% | 17.85% |
| Return on Invested Capital (ROIC) | 8.67% | 8.63% | 9.31% | 9.64% | 6.57% | 8.37% | 8.14% | 8.62% | 9.66% | 9.66% |
| Gross Margin | 47.4% | 49.13% | 58.19% | 42.69% | 39.71% | 41.37% | 39.94% | 39.9% | 35.97% | 37.22% |
| Net Margin | 14.86% | 14.16% | 11.42% | 11.48% | 9.78% | 14.6% | 15.5% | 16.95% | 12.15% | 9.95% |
| Debt / Equity | 1.33x | 2.71x | 3.41x | 3.16x | 3.80x | 3.79x | 3.40x | 3.07x | 3.29x | 3.29x |
| Interest Coverage | 3.71x | 3.42x | 3.24x | 3.37x | 2.94x | 4.39x | 3.50x | 2.68x | 3.01x | 3.61x |
| FCF Conversion | 2.06x | 2.13x | 1.90x | 2.30x | 1.90x | 2.06x | 1.48x | 1.11x | 1.47x | 1.48x |
| Revenue Growth | 2.31% | 10.37% | 17.07% | 4.59% | -11.33% | 15.52% | 13.35% | 7.95% | 19.71% | 16.82% |
QSR SEC Filings & Documents
Restaurant Brands International Inc. (QSR) SEC filings — annual & quarterly reports (10-K, 10-Q)
QSR Frequently Asked Questions
Restaurant Brands International Inc. (QSR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Restaurant Brands International Inc. (QSR) reported $9.26B in revenue for fiscal year 2024. This represents a 370% increase from $1.97B in 2012.
Restaurant Brands International Inc. (QSR) grew revenue by 19.7% over the past year. This is strong growth.
Yes, Restaurant Brands International Inc. (QSR) is profitable, generating $922.0M in net income for fiscal year 2024 (12.1% net margin).
Dividend & Returns
Yes, Restaurant Brands International Inc. (QSR) pays a dividend with a yield of 2.94%. This makes it attractive for income-focused investors.
Restaurant Brands International Inc. (QSR) has a return on equity (ROE) of 21.3%. This is excellent, indicating efficient use of shareholder capital.
Restaurant Brands International Inc. (QSR) generated $1.36B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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