Restaurant Brands International Inc.
Restaurant Brands International Inc.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 1,012 | 1,163 | 1,206 | 1,026 | 899 | 1,334 | 1,176 | 942 | 1,049 | 1,139 | 1,310 | 1,213 | |||||
Accounts Notes And Loans Receivable Net Current | 767 | 794 | 761 | 778 | 677 | 698 | 693 | 737 | 749 | 749 | 692 | 639 | |||||
Inventory Net | 203 | 205 | 216 | 167 | 159 | 142 | 169 | 160 | 152 | 166 | 160 | 171 | |||||
Prepaid Expense And Other Assets Current | 172 | 179 | 201 | 195 | 150 | 108 | 217 | 191 | 121 | 119 | 221 | 167 | |||||
Assets Of Disposal Group Including Discontinued Op… | 0 | 489 | 631 | 622 | 645 | 0 | - | - | - | - | - | - | |||||
Assets Current | 2,154 | 2,830 | 3,015 | 2,788 | 2,530 | 2,282 | 2,255 | 2,030 | 2,071 | 2,173 | 2,383 | 2,190 | |||||
Property Plant And Equipment And Finance Lease Rig… | - | 2,303 | 2,260 | 2,243 | 2,217 | 2,236 | 2,229 | 2,213 | 1,929 | 1,952 | 1,904 | 1,957 | |||||
Property Plant And Equipment Net | 2,261 | - | - | - | - | - | - | - | - | - | - | - | |||||
Operating Lease Right Of Use Asset | 1,972 | 1,961 | 1,907 | 1,909 | 1,862 | 1,852 | 1,870 | 1,874 | 1,141 | 1,122 | 1,060 | 1,094 | |||||
Intangible Assets Net Excluding Goodwill | 11,079 | 11,190 | 11,130 | 11,279 | 10,932 | 10,922 | 11,347 | 11,266 | 10,970 | 11,107 | 10,946 | 11,120 | |||||
Goodwill | 6,251 | 6,306 | 6,221 | 6,301 | 6,099 | 5,986 | 6,187 | 6,140 | 5,702 | 5,775 | 5,681 | 5,772 | |||||
Other Assets Noncurrent | 1,163 | 1,025 | 1,136 | 1,168 | 1,241 | 1,354 | 1,183 | 1,326 | 1,332 | 1,262 | 1,103 | 1,000 | |||||
Assets | 24,880 | 25,615 | 25,669 | 25,688 | 24,881 | 24,632 | 25,071 | 24,849 | 23,145 | 23,391 | 23,077 | 23,133 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 813 | 866 | 826 | 763 | 697 | 765 | 754 | 720 | 734 | 790 | 693 | 735 | |||||
Other Accrued Liabilities Current | 1,099 | 1,271 | 1,277 | 1,135 | 1,029 | 1,141 | 1,158 | 1,099 | 893 | 1,005 | 1,132 | 975 | |||||
Long Term Debt And Capital Lease Obligations Curre… | 75 | 68 | 116 | 221 | 218 | 222 | 126 | 617 | 110 | 101 | 87 | 132 | |||||
Liabilities Of Disposal Group Including Discontinu… | 0 | 437 | 458 | 446 | 500 | 0 | - | - | - | - | - | - | |||||
Liabilities Current | 2,178 | 2,891 | 2,847 | 2,754 | 2,627 | 2,364 | 2,208 | 2,617 | 1,924 | 2,144 | 2,071 | 2,016 | |||||
Long Term Debt Noncurrent | 13,228 | 13,250 | 13,415 | 13,428 | 13,441 | 13,455 | 13,571 | 13,092 | 12,832 | 12,854 | 12,862 | 12,801 | |||||
Finance Lease Liability Noncurrent | 253 | 261 | 269 | 282 | 280 | 286 | 305 | 302 | 308 | 312 | 305 | 315 | |||||
Operating Lease Liability Noncurrent | 1,916 | 1,900 | 1,842 | 1,835 | 1,783 | 1,770 | 1,775 | 1,768 | 1,075 | 1,059 | 1,003 | 1,036 | |||||
Other Liabilities Noncurrent | 931 | 1,034 | 977 | 1,094 | 733 | 706 | 931 | 823 | 862 | 996 | 864 | 960 | |||||
Deferred Income Tax Liabilities Net | 1,083 | 1,120 | 1,154 | 1,205 | 1,193 | 1,208 | 1,242 | 1,296 | 1,309 | 1,296 | 1,308 | 1,327 | |||||
Liabilities | 19,589 | 20,456 | 20,504 | 20,598 | 20,057 | 19,789 | 20,032 | 19,898 | 18,310 | 18,661 | 18,413 | 18,455 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 2,902 | 2,859 | 2,502 | 2,469 | 2,430 | 2,357 | 2,300 | 2,138 | 2,076 | 1,973 | 2,267 | 2,247 | |||||
Retained Earnings Accumulated Deficit | 1,903 | 1,795 | 1,902 | 1,794 | 1,811 | 1,860 | 1,794 | 1,734 | 1,640 | 1,599 | 1,268 | 1,198 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -1,062 | -1,020 | -1,023 | -946 | -1,125 | -1,107 | -858 | -804 | -747 | -706 | -627 | -591 | |||||
Stockholders Equity | 3,743 | 3,634 | 5,165 | 5,090 | 4,824 | 4,843 | 3,236 | 4,951 | 2,969 | 2,866 | 4,664 | 2,854 | |||||
Minority Interest | 1,548 | 1,525 | 1,784 | 1,773 | 1,708 | 1,733 | 1,803 | 1,883 | 1,866 | 1,864 | 1,756 | 1,824 | |||||
Liabilities And Stockholders Equity | 24,880 | 25,615 | 25,669 | 25,688 | 24,881 | 24,632 | 25,071 | 24,849 | 23,145 | 23,391 | 23,077 | 23,133 | |||||
Allowance For Notes And Loans Receivable Current | 37 | 54 | 63 | 58 | 46 | 57 | 39 | 37 | 46 | 37 | 35 | 37 | |||||
Property Plant And Equipment And Finance Lease Rig… | 1,273 | 1,245 | 1,210 | 1,188 | 1,131 | 1,087 | 1,283 | 1,230 | 1,206 | 1,187 | 1,140 | 1,132 | |||||
Common Stock No Par Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Issued | 347 | 346 | 328 | 328 | 328 | 324 | 324 | 317 | 316 | 312 | 318 | 312 | |||||
Shares Outstanding | 347 | 346 | 328 | 328 | 328 | 324 | 324 | 317 | 316 | 312 | 318 | 312 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.24% | -2.83% | -5.27% | - | - | - | - | - | - | - | - | - |
| 2025 | 5.75% | -2.31% | 3.98% | -2.67% | 0.72% | 4.61% | 5.22% | 4.54% | 2.88% | 5.57% | 11.98% | 16.85% |
| 2024 | -10.97% | -7.94% | -3.29% | -3.41% | -0.09% | -1.13% | 2.07% | -3.04% | -8.16% | 6.02% | 1.86% | 8.73% |
| 2023 | - | - | - | -5.91% | -9.61% | -10.62% | 2.32% | 15.01% | 14.21% | 4.82% | -4.77% | -2.14% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.99 | 0.98 | 1.06 | 1.01 | 0.96 | 0.97 | 1.02 | 0.78 | 1.08 | 1.01 | 1.15 | 1.09 | |||||
| Quick Ratio | 0.82 | 0.85 | 0.91 | 0.88 | 0.85 | 0.86 | 0.85 | 0.64 | 0.93 | 0.88 | 0.97 | 0.92 | |||||
| Working Capital | -24.00M | -61.00M | 168.00M | 34.00M | -97.00M | -82.00M | 47.00M | -587.00M | 147.00M | 29.00M | 312.00M | 174.00M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 5.23 | 3.97 | 3.97 | 4.05 | 4.16 | 4.09 | 6.19 | 4.02 | 6.17 | 3.95 | 3.95 | 6.47 | |||||
| Interest Coverage TTM | 4.66 | 4.27 | 4.21 | 3.92 | 4.13 | 4.19 | 3.79 | 3.83 | 3.65 | 3.52 | 3.36 | 3.38 | |||||
| Debt Ratio | 0.79 | 0.80 | 0.80 | 0.80 | 0.81 | 0.80 | 0.80 | 0.80 | 0.79 | 0.80 | 0.80 | 0.80 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.39 | 0.38 | 0.37 | 0.36 | 0.37 | 0.35 | 0.33 | 0.31 | 0.31 | 0.30 | 0.30 | 0.30 | |||||
| Days Sales Outstanding TTM | 27.48 | 28.86 | 28.64 | 30.36 | 29.65 | 31.42 | 31.87 | 33.59 | 34.64 | 35.42 | 34.16 | 32.03 | |||||
| Receivables Turnover TTM | 13.28 | 12.65 | 12.74 | 12.02 | 12.31 | 11.62 | 11.45 | 10.87 | 10.54 | 10.30 | 10.68 | 11.39 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 2.31 | 1.70 | 1.57 | 1.67 | 1.87 | 2.25 | 3.92 | 3.94 | 4.10 | 3.77 | 2.10 | 2.47 | |||||
| Free Cash Flow Per Share TTM | 2.25 | 2.20 | 2.13 | 2.06 | 1.89 | 2.04 | 1.97 | 1.86 | 1.99 | 1.93 | 1.95 | 1.90 | |||||
| Dividend Per Share TTM | 1.63 | 1.68 | 1.66 | 1.63 | 1.60 | 1.61 | 1.59 | 1.58 | 1.58 | 1.59 | 1.57 | 1.57 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 74.65% | 74.95% | 75.52% | 75.75% | 75.40% | 74.07% | 73.06% | 71.25% | 69.88% | 68.77% | 66.74% | 65.56% | |||||
| Operating Profit Margin TTM | 24.75% | 23.34% | 23.92% | 23.39% | 26.32% | 28.78% | 28.40% | 30.19% | 29.95% | 29.21% | 27.99% | 28.14% | |||||
| Net Profit Margin TTM | 11.08% | 8.23% | 7.76% | 8.36% | 9.71% | 12.15% | 22.43% | 23.89% | 25.90% | 24.47% | 13.97% | 16.65% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 9.26% | 12.23% | 16.82% | 21.80% | 22.38% | 19.71% | 15.08% | 10.27% | 7.93% | 7.95% | -3.15% | -1.51% | |||||
| Net Income Growth (1Y) | 24.65% | -24.00% | -59.58% | -57.39% | -54.12% | -40.57% | 84.74% | 58.19% | 83.14% | 70.44% | -33.63% | -1.14% | |||||
| EPS Growth (1Y) | 17.10% | -26.31% | -60.69% | -58.82% | -55.81% | -41.87% | 81.84% | 55.70% | 80.22% | 67.71% | -35.32% | -2.41% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 47.86 | 56.83 | 56.98 | 55.10 | 48.71 | 38.55 | 24.26 | 23.24 | 24.79 | 25.99 | 39.51 | 38.66 | |||||
| P/B TTM | 13.58 | 8.55 | 7.93 | 8.24 | 8.60 | 8.13 | 13.34 | 8.38 | 15.51 | 9.44 | 8.16 | 15.29 | |||||
| P/S TTM | 5.30 | 4.67 | 4.42 | 4.61 | 4.73 | 4.68 | 5.44 | 5.55 | 6.42 | 6.36 | 5.52 | 6.44 | |||||
| Market Cap | 50.82B | 44.10B | 40.97B | 41.93B | 41.50B | 39.36B | 43.17B | 41.51B | 46.03B | 44.66B | 38.05B | 43.65B | |||||
| Enterprise Value | 63.11B | 56.25B | 53.29B | 54.56B | 54.26B | 51.70B | 55.69B | 54.28B | 57.93B | 56.48B | 49.69B | 55.37B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 1.56B | 1.45B | 1.40B | 1.35B | 1.23B | 1.30B | 1.25B | 1.18B | 1.25B | 1.20B | 1.22B | 1.19B | |||||
| Net Debt | 12.29B | 12.16B | 12.33B | 12.62B | 12.76B | 12.34B | 12.52B | 12.77B | 11.89B | 11.82B | 11.64B | 11.72B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Restaurant Brands International Inc. (QSR) — SEC Financial Statements & Analysis
Restaurant Brands International Inc. (QSR) is a retail-eating places company, incorporated in A6. Restaurant Brands International Inc. trades on QSR: NYSE as: QSR. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Restaurant Brands International Inc. reported a 9.26% year-over-year revenue growth, a Gross Profit Margin of 74.65% (TTM), a Debt-to-Equity ratio of 5.23x, a Price-to-Sales (P/S) ratio of 5.30x (TTM), a Price-to-Book (P/B) ratio of 13.58 (TTM), at a market cap of $50.82B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 9.26%
- Gross Profit Margin TTM
- 74.65%
- Debt To Equity
- 5.23x
- P/S TTM
- 5.30x
- P/B TTM
- 13.58
- Market Cap
- $50.82B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Restaurant Brands International Inc. in?
Restaurant Brands International Inc. (QSR) operates in the Retail-Eating Places industry.
What is QSR's market cap?
Restaurant Brands International Inc. (QSR) has a market capitalization of $50.82B as of 2026-03-31.
What is QSR's P/E ratio?
Restaurant Brands International Inc. (QSR)'s trailing twelve month P/E ratio is 47.86x as of 2026-03-31.
What exchange does QSR trade on?
Restaurant Brands International Inc. (QSR) trades on the QSR: NYSE.
Where is Restaurant Brands International Inc. incorporated?
Restaurant Brands International Inc. is incorporated in Ontario, Canada.