QSR

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Restaurant Brands International Inc.

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Key Metrics

Previous Close: $77.10
52-Week Range: $61.33 – $81.96
Market Cap: $36.44B
P/E (TTM): 19.99
EPS (TTM): 3.98
Dividend Yield: 3.37%

Advanced Metrics

Price/Book: 7.22
PEG Ratio: 1.24
Return on Equity: 34.79%
Return on Assets: 6.45%
Gross Margin: 34.09%
Operating Margin: 27.74%
Profit Margin: 13.13%
Current Ratio: 1.01
Debt/Equity: 2.90
Total Debt: $15.65B
Free Cash Flow: $1.71B
Revenue Growth: 4.60%
Earnings Growth: 151.20%
Enterprise Value: $43.84B

QSR Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$6.50B	$7.02B	$8.41B	$9.43B
Cost of Revenue	$3.91B	$4.22B	$5.38B	$6.24B
Gross Profit	$2.60B	$2.80B	$3.02B	$3.19B
Selling, General & Admin	$561.00M	$704.00M	$691.00M	$690.00M
Operating Expenses	$575.00M	$722.00M	$700.00M	$700.00M
Operating Income	$2.02B	$2.08B	$2.32B	$2.49B
EBITDA	$2.07B	$2.24B	$2.66B	$2.51B
Pretax Income	$1.36B	$1.45B	$1.81B	$1.68B
Income Tax	-$117.00M	-$265.00M	$364.00M	$483.00M
Net Income	$1.01B	$1.19B	$1.02B	$776.00M
Diluted EPS	3.25	3.76	3.18	2.35
Diluted Shares	455.00M	456.00M	454.00M	457.00M

QSR Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.18B	$1.14B	$1.33B	$1.16B
Receivables	$614.00M	$749.00M	$698.00M	$794.00M
Inventory	$133.00M	$166.00M	$142.00M	$205.00M
Current Assets	$2.05B	$2.17B	$2.28B	$2.83B
Total Assets	$22.75B	$23.39B	$24.63B	$25.61B
Current Liabilities	$2.12B	$2.14B	$2.36B	$2.89B
Long-Term Debt	$12.84B	$12.85B	$13.46B	$13.25B
Total Debt	$14.49B	$14.52B	$15.96B	$15.70B
Total Liabilities	$18.48B	$18.66B	$19.79B	$20.46B
Retained Earnings	$1.12B	$1.60B	$1.86B	$1.79B
Shareholders' Equity	$2.50B	$2.87B	$3.11B	$3.63B
Working Capital	-$68.00M	$29.00M	-$82.00M	-$61.00M
Net Debt	$11.79B	$11.82B	$12.34B	$12.15B

QSR Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$1.49B	$1.32B	$1.50B	$1.71B
Capital Expenditure	-$100.00M	-$120.00M	-$201.00M	-$265.00M
Free Cash Flow	$1.39B	$1.20B	$1.30B	$1.45B
Depreciation & Amortisation	$190.00M	$191.00M	$264.00M	$301.00M
Stock-Based Compensation	$136.00M	$194.00M	$172.00M	$151.00M
Investing Cash Flow	-$64.00M	$11.00M	-$660.00M	-$318.00M
Financing Cash Flow	-$1.31B	-$1.37B	-$625.00M	-$1.44B
Dividends Paid	-$971.00M	-$990.00M	-$1.03B	-$1.11B
Share Repurchases	-$326.00M	-$500.00M	$0.00	$0.00
Net Change in Cash	$119.00M	-$40.00M	$218.00M	-$187.00M

QSR Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$2.11B	$2.41B	$2.45B	$2.47B	$2.26B
Cost of Revenue	$1.41B	$1.59B	$1.61B	$1.64B	$1.50B
Gross Profit	$704.00M	$815.00M	$843.00M	$831.00M	$763.00M
Selling, General & Admin	$184.00M	$167.00M	$162.00M	$178.00M	$172.00M
Operating Expenses	$187.00M	$170.00M	$164.00M	$180.00M	$177.00M
Operating Income	$517.00M	$645.00M	$679.00M	$651.00M	$586.00M
EBITDA	$508.00M	$559.00M	$743.00M	$697.00M	$684.00M
Pretax Income	$305.00M	$351.00M	$534.00M	$494.00M	$483.00M
Income Tax	$82.00M	$87.00M	$94.00M	$220.00M	$38.00M
Net Income	$159.00M	$189.00M	$315.00M	$113.00M	$338.00M
Diluted EPS	0.49	0.57	0.96	0.34	0.97
Diluted Shares	456.00M	457.00M	457.00M	457.00M	459.00M

QSR Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$899.00M	$1.03B	$1.21B	$1.16B	$1.01B
Receivables	$677.00M	$778.00M	$761.00M	$794.00M	$767.00M
Inventory	$159.00M	$167.00M	$216.00M	$205.00M	$203.00M
Current Assets	$2.53B	$2.79B	$3.02B	$2.83B	$2.15B
Total Assets	$24.88B	$25.69B	$25.67B	$25.61B	$24.88B
Current Liabilities	$2.63B	$2.75B	$2.85B	$2.89B	$2.18B
Long-Term Debt	$13.44B	$13.43B	$13.41B	$13.25B	$13.23B
Total Debt	$15.95B	$16.00B	$15.87B	$15.70B	$15.71B
Total Liabilities	$20.06B	$20.60B	$20.50B	$20.46B	$19.59B
Retained Earnings	$1.81B	$1.79B	$1.90B	$1.79B	$1.90B
Shareholders' Equity	$3.12B	$3.32B	$3.38B	$3.63B	$3.74B
Working Capital	-$97.00M	$34.00M	$168.00M	-$61.00M	-$24.00M
Net Debt	$12.76B	$12.62B	$12.32B	$12.15B	$12.29B

QSR Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$118.00M	$449.00M	$592.00M	$555.00M	$227.00M
Capital Expenditure	-$64.00M	-$38.00M	-$61.00M	-$102.00M	-$58.00M
Free Cash Flow	$54.00M	$411.00M	$531.00M	$453.00M	$169.00M
Depreciation & Amortisation	$71.00M	$77.00M	$77.00M	$76.00M	$78.00M
Stock-Based Compensation	$48.00M	$33.00M	$32.00M	$38.00M	$35.00M
Investing Cash Flow	-$184.00M	-$18.00M	-$11.00M	-$105.00M	-$33.00M
Financing Cash Flow	-$265.00M	-$290.00M	-$397.00M	-$484.00M	-$306.00M
Dividends Paid	-$262.00M	-$282.00M	-$282.00M	-$282.00M	-$283.00M
Share Repurchases	$0.00	—	—	—	-$32.00M
Net Change in Cash	-$438.00M	$111.00M	$184.00M	-$44.00M	-$148.00M

Market Snapshot

About

Restaurant Brands International owns and operates three of the most iconic fast food chains in the world: Burger King, Tim Hortons, and Popeyes Louisiana Kitchen. The company operates over 30,000 restaurants across 100+ countries through a highly franchised model. RBI is backed by 3G Capital and focused on global expansion, menu innovation, and digital ordering growth.