QSR's franchise-led model produces a durable cash engine, with free cash flow margin of 19.0% in 2026Q3 and operating margin holding between 20% and 28% across recent quarters, which suggests the core economics remain resilient.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue of roughly $2.5B in 2026Q3 with a 27.3% operating margin and 3.1% growth suggests the top line has stabilized into a low-single-digit trend, though gross margin swings from 49.6% to 35.4% point to shifting revenue mix rather than clean structural improvement.
QSR is described as a high-quality business that would be ideal if designed in a laboratory, with academic research showing such stocks outperform by 4-6% annually over long periods.
The stock has a momentum score of 68/100, indicating recognized market performance, and momentum trends tend to persist.
Piper Sandler notes that discussions at QSR's investor day event suggest the stock is poised for a period of outperformance.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 29, 2026 | $1.10+1.9% vs $1.08 | $2.5B-0.8% vs $2.5B |
Q3 2026 Aug 6, 2026 | $1.07+2.9% vs $1.04 | $2.5B-0.0% vs $2.5B |
Q2 2026 May 6, 2026 | $0.86+3.9% vs $0.83 | $2.3B+0.9% vs $2.2B |
Q1 2026 Feb 12, 2026 | $0.96+1.4% vs $0.95 | $2.5B+2.3% vs $2.4B |
Restaurant Brands International Inc. is rated neutral, with shares fairly valued for current top-line growth and muted upside. QSR reported Q3 revenue of $2.53B (+3.1% YoY, slightly below consensus) and EPS of $1.10 (+6.9% YoY, slight beat). Burger King outperformed with 8.4% domestic same-store sales growth, while Popeyes lagged due to competitive discounting.
Restaurant Brands International Inc. (QSR) Q3 2026 Earnings Call Transcript
Although the revenue and EPS for Restaurant Brands (QSR) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Restaurant Brands International reported higher third-quarter profit as strong U.S. demand at Burger King helped drive revenues higher.
Benchmark QSR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Restaurant Brands International Inc. (QSR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $77.69 | $26.96B | 23.67 | 12.23% | 15.35% | 28.07% | 3.12% | |
| $276.52 | $196.47B | 21.77 | 3.72% | 32.38% | — | 2.58% | |
| $161.14 | $44.41B | 12.82 | 8.81% | 39.14% | — | 1.76% | |
| $8.15 | $1.55B | 16.13 | -3.1% | 4.4% | 81.11% | 8.19% | |
| $14.09 | $268.75M | 8.13 | -6.75% | 2.84% | — | 6.16% | |
| $105.41 | $120.17B | 47.75 | 1.95% | 6.67% | — | 2.34% |
Restaurant Brands International Inc. (QSR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Restaurant Brands International Inc. (QSR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 29, 2026·SEC
Aug 10, 2026·SEC
Aug 6, 2026·SEC
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Restaurant Brands International Inc. (QSR) stock FAQ — growth, dividends, profitability & financials explained
Restaurant Brands International Inc. (QSR) reported $9.78B in revenue over the trailing twelve months. Revenue was $9.43B in fiscal year 2025. That is 379% more than the $1.97B of fiscal year 2012.
Restaurant Brands International Inc. (QSR) grew revenue by 5.5% over the trailing twelve months, compared with the twelve months before.
Yes. Restaurant Brands International Inc. (QSR) earned $1.50B in net income over the trailing twelve months (a 15.3% net margin).
Yes. Restaurant Brands International Inc. (QSR) pays a dividend that yields 3.12% at the current price, a moderate yield.
Restaurant Brands International Inc. (QSR) had a return on equity (ROE) of 28.1% over the trailing twelve months. That is well above the market's typical 10-15%.
Restaurant Brands International Inc. (QSR) generated $1.57B in free cash flow over the trailing twelve months.
