Symbols / QSR Stock $76.53 +1.00% Restaurant Brands International Inc.

Consumer Cyclical • Restaurants • United States • NYQ
QSR (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Consumer Cyclical
Industry Restaurants
CEO Mr. Joshua Kobza
Exch · Country NYQ · United States
Market Cap 34.92B
Enterprise Value 42.77B
Income 1.08B
Sales 9.59B
FCF (ttm) 1.65B
Book/sh 10.78
Cash/sh 2.93
Employees 53,500
Insider 10d —
IPO Dec 11, 2014
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 80.71%
P/E 24.61
Forward P/E 17.23
PEG 0.94
P/S 3.64
P/B 7.10
P/C —
EV/EBITDA 14.90
EV/Sales 4.46
Quick Ratio 0.82
Current Ratio 0.99
Debt/Eq 296.41
LT Debt/Eq —
EPS (ttm) 3.11
EPS next Y 4.44
EPS Growth 100.00%
Revenue Growth 7.30%
EPS Gr Q/Q 112.60%
Rev Gr Q/Q —
Earnings (next) 2026-08-06
Earnings (prior) 2026-05-06
ROA 6.44%
ROE 28.14%
ROIC —
Gross Margin 33.91%
Oper. Margin 25.88%
Profit Margin 9.96%
Shs Outstand 346.98M
Shs Float 296.40M
Insider Own 1.30%
Instit Own 93.09%
Short Float 5.18%
Short Ratio 5.16
Short Interest 15.43M
52W High 81.96
vs 52W High -6.63%
52W Low 61.33
vs 52W Low 24.78%
Beta 0.55
Impl. Vol. 24.01%
Rel Volume 0.57
Avg Volume 3.68M
Volume 2.09M
Target (mean) $85.89
Tgt Median $85.00
Tgt Low $78.00
Tgt High $100.00
# Analysts 27
Recom Buy
Prev Close $75.77
Price $76.53
Change 1.00%
About

Restaurant Brands International Inc. operates as a quick service restaurant company in Canada, the United States, and internationally. It operates through six segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International, and Restaurant Holdings. The company owns and franchises Tim Hortons, a coffee and baked good restaurant chain that offers beverages, sandwiches, wraps, flatbread pizzas, and others; Burger King, a quick service hamburger restaurant chain that offers flame-grilled hamburgers, chicken, and other sandwiches; Popeyes, a quick service chicken concept that offers a Louisiana style menu, including fried bone-in chicken, chicken sandwiches, chicken tenders, wings, fried shrimp, and regional items; and Firehouse Subs, which offers subs with meats and cheese, as well as chili, soups, soft drinks, and other sides. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Miami, Florida.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$85.89
Mean price target
2. Current target
$76.53
Latest analyst target
3. DCF / Fair value
$85.59
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$76.53
Low
$78.00
High
$100.00
Mean
$85.89

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-07 main Citigroup Neutral → Neutral $84
2026-05-07 main Scotiabank Sector Perform → Sector Perform $83
2026-05-07 main Barclays Overweight → Overweight $92
2026-05-07 main Wells Fargo Equal-Weight → Equal-Weight $80
2026-05-07 main Baird Neutral → Neutral $80
2026-05-06 main TD Cowen Hold → Hold $79
2026-05-04 main UBS Buy → Buy $90
2026-04-28 main Scotiabank Sector Perform → Sector Perform $81
2026-04-24 main JP Morgan Overweight → Overweight $80
2026-04-23 main Citigroup Neutral → Neutral $88
2026-04-21 main RBC Capital Outperform → Outperform $90
2026-04-20 main Keybanc Overweight → Overweight $90
2026-04-14 main TD Cowen Hold → Hold $76
2026-03-18 main Oppenheimer Outperform → Outperform $85
2026-03-03 main Morgan Stanley Equal-Weight → Equal-Weight $78
2026-03-02 main RBC Capital Outperform → Outperform $83
2026-03-02 main Truist Securities Buy → Buy $87
2026-03-02 up Piper Sandler Neutral → Overweight $84
2026-03-02 up Stifel Hold → Buy $90
2026-02-27 main Wells Fargo Equal-Weight → Equal-Weight $75
News
RSS: Latest QSR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-20 HOUSMAN JEFFREY Officer — 20,000 $73.48 $1,469,616
2026-03-20 HOUSMAN JEFFREY Officer — 20,000 $55.55 $1,111,000
2026-03-18 KOBZA JOSHUA Chief Executive Officer — 200,000 $75.05 $15,009,900
2026-03-18 GRANAT JILL M General Counsel — 50,000 $74.76 $3,746,040
2026-03-18 GRANAT JILL M General Counsel — 50,000 $56.92 $2,846,000
2026-03-18 KOBZA JOSHUA Chief Executive Officer — 200,000 $56.92 $11,384,000
2026-03-17 SANTELMO THIAGO TEMER Officer — 10,000 $75.41 $754,147
2026-03-17 SIDDIQUI SAMI A Chief Financial Officer — 80,000 $74.51 $5,991,680
2026-03-17 SANTELMO THIAGO TEMER Officer — 10,000 $55.55 $555,500
2026-03-17 SIDDIQUI SAMI A Chief Financial Officer — 80,000 $55.55 $4,444,000
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
9,434.00
+12.23%
8,406.00
+19.71%
7,022.00
+7.95%
6,505.00
Operating Revenue
9,434.00
+12.23%
8,406.00
+19.71%
7,022.00
+7.95%
6,505.00
Cost Of Revenue
6,241.00
+15.96%
5,382.00
+27.54%
4,220.00
+8.01%
3,907.00
Reconciled Cost Of Revenue
6,241.00
+15.96%
5,382.00
+27.54%
4,220.00
+8.01%
3,907.00
Gross Profit
3,193.00
+5.59%
3,024.00
+7.92%
2,802.00
+7.85%
2,598.00
Operating Expense
700.00
+0.00%
700.00
-3.05%
722.00
+25.57%
575.00
Selling General And Administration
690.00
-0.14%
691.00
-1.85%
704.00
+25.49%
561.00
General And Administrative Expense
690.00
-0.14%
691.00
-1.85%
704.00
+25.49%
561.00
Salaries And Wages
—
—
—
136.00
Other Gand A
690.00
-0.14%
691.00
-1.85%
704.00
+25.49%
561.00
Other Operating Expenses
10.00
+11.11%
9.00
-50.00%
18.00
+28.57%
14.00
Total Expenses
6,941.00
+14.12%
6,082.00
+23.07%
4,942.00
+10.26%
4,482.00
Operating Income
2,493.00
+7.27%
2,324.00
+11.73%
2,080.00
+2.82%
2,023.00
Total Operating Income As Reported
2,202.00
-8.97%
2,419.00
+17.94%
2,051.00
+8.06%
1,898.00
EBITDA
2,507.00
-5.89%
2,664.00
+18.98%
2,239.00
+8.32%
2,067.00
Normalized EBITDA
2,811.00
+5.24%
2,671.00
+16.54%
2,292.00
+6.70%
2,148.00
Reconciled Depreciation
301.00
+14.02%
264.00
+38.22%
191.00
+0.53%
190.00
EBIT
2,206.00
-8.08%
2,400.00
+17.19%
2,048.00
+9.11%
1,877.00
Total Unusual Items
-304.00
-4242.86%
-7.00
+86.79%
-53.00
+34.57%
-81.00
Total Unusual Items Excluding Goodwill
-304.00
-4242.86%
-7.00
+86.79%
-53.00
+34.57%
-81.00
Special Income Charges
-95.00
-21.79%
-78.00
-136.36%
-33.00
+61.18%
-85.00
Other Special Charges
9.00
-72.73%
33.00
+94.12%
17.00
+54.55%
11.00
Restructuring And Mergern Acquisition
51.00
+21.43%
42.00
-26.32%
57.00
-18.57%
70.00
Net Income
776.00
-24.00%
1,021.00
-14.20%
1,190.00
+18.06%
1,008.00
Pretax Income
1,684.00
-6.91%
1,809.00
+24.50%
1,453.00
+6.45%
1,365.00
Net Non Operating Interest Income Expense
-516.00
+10.57%
-577.00
+0.86%
-582.00
-9.19%
-533.00
Interest Expense Non Operating
522.00
-11.68%
591.00
-0.67%
595.00
+16.21%
512.00
Net Interest Income
-516.00
+10.57%
-577.00
+0.86%
-582.00
-9.19%
-533.00
Interest Expense
522.00
-11.68%
591.00
-0.67%
595.00
+16.21%
512.00
Interest Income Non Operating
31.00
-20.51%
39.00
-2.50%
40.00
+471.43%
7.00
Interest Income
31.00
-20.51%
39.00
-2.50%
40.00
+471.43%
7.00
Other Income Expense
-293.00
-572.58%
62.00
+237.78%
-45.00
+64.00%
-125.00
Gain On Sale Of Security
-209.00
-394.37%
71.00
+455.00%
-20.00
-600.00%
4.00
Tax Provision
483.00
+32.69%
364.00
+237.36%
-265.00
-126.50%
-117.00
Tax Rate For Calcs
0.00
+42.79%
0.00
-49.75%
0.00
+52.61%
0.00
Tax Effect Of Unusual Items
-87.25
-6101.00%
-1.41
+93.36%
-21.20
+0.14%
-21.23
Net Income Including Noncontrolling Interests
1,075.00
-25.61%
1,445.00
-15.89%
1,718.00
+15.92%
1,482.00
Net Income From Continuing Operation Net Minority Interest
902.00
-11.66%
1,021.00
-14.20%
1,190.00
+18.06%
1,008.00
Net Income From Continuing And Discontinued Operation
776.00
-24.00%
1,021.00
-14.20%
1,190.00
+18.06%
1,008.00
Net Income Continuous Operations
1,201.00
-16.89%
1,445.00
-15.89%
1,718.00
+15.92%
1,482.00
Net Income Discontinuous Operations
-126.00
0.00
0.00
—
Minority Interests
-299.00
+29.48%
-424.00
+19.70%
-528.00
-11.39%
-474.00
Normalized Income
1,118.75
+8.98%
1,026.59
-15.98%
1,221.80
+14.43%
1,067.77
Net Income Common Stockholders
776.00
-24.00%
1,021.00
-14.20%
1,190.00
+18.06%
1,008.00
Diluted EPS
2.35
-26.10%
3.18
-15.43%
3.76
+15.69%
3.25
Basic EPS
2.36
-26.48%
3.21
-15.97%
3.82
+16.46%
3.28
Basic Average Shares
329.00
+3.13%
319.00
+2.24%
312.00
+1.63%
307.00
Diluted Average Shares
457.00
+0.66%
454.00
-0.44%
456.00
+0.22%
455.00
Diluted NI Availto Com Stockholders
1,074.00
-25.52%
1,442.00
-15.92%
1,715.00
+15.96%
1,479.00
Average Dilution Earnings
298.00
-29.22%
421.00
-19.81%
525.00
+11.46%
471.00
Depreciation Amortization Depletion Income Statement
—
—
—
25.00
Depreciation And Amortization In Income Statement
—
—
—
25.00
Earnings From Equity Interest
11.00
-84.06%
69.00
+762.50%
8.00
+118.18%
-44.00
Gain On Sale Of PPE
-35.00
-1066.67%
-3.00
+81.25%
-16.00
-300.00%
-4.00
Total Other Finance Cost
25.00
+0.00%
25.00
-7.41%
27.00
-3.57%
28.00
Line Item Trend 2023-12-31
Total Assets
23,391.00
Current Assets
2,173.00
Cash Cash Equivalents And Short Term Investments
1,139.00
Cash And Cash Equivalents
1,139.00
Receivables
749.00
Accounts Receivable
749.00
Gross Accounts Receivable
786.00
Allowance For Doubtful Accounts Receivable
-37.00
Inventory
166.00
Prepaid Assets
—
Assets Held For Sale Current
—
Other Current Assets
119.00
Total Non Current Assets
21,218.00
Net PPE
3,074.00
Gross PPE
4,261.00
Accumulated Depreciation
-1,187.00
Properties
0.00
Land And Improvements
987.00
Buildings And Improvements
1,193.00
Machinery Furniture Equipment
347.00
Construction In Progress
62.00
Other Properties
1,672.00
Goodwill And Other Intangible Assets
16,882.00
Goodwill
5,775.00
Other Intangible Assets
11,107.00
Other Non Current Assets
1,262.00
Total Liabilities Net Minority Interest
18,661.00
Current Liabilities
2,144.00
Payables And Accrued Expenses
1,406.00
Payables
1,164.00
Accounts Payable
790.00
Dividends Payable
245.00
Current Accrued Expenses
242.00
Employee Benefits
34.00
Pensionand Other Post Retirement Benefit Plans Current
147.00
Total Tax Payable
129.00
Current Debt And Capital Lease Obligation
248.00
Current Debt
101.00
Other Current Borrowings
101.00
Current Capital Lease Obligation
147.00
Current Deferred Liabilities
325.00
Current Deferred Revenue
325.00
Other Current Liabilities
—
Total Non Current Liabilities Net Minority Interest
16,517.00
Long Term Debt And Capital Lease Obligation
14,267.00
Long Term Debt
12,854.00
Long Term Capital Lease Obligation
1,413.00
Non Current Pension And Other Postretirement Benefit Plans
34.00
Tradeand Other Payables Non Current
57.00
Non Current Deferred Liabilities
1,908.00
Non Current Deferred Revenue
612.00
Non Current Deferred Taxes Liabilities
1,296.00
Other Non Current Liabilities
24.00
Stockholders Equity
2,866.00
Common Stock Equity
2,866.00
Capital Stock
1,973.00
Common Stock
1,973.00
Share Issued
312.45
Ordinary Shares Number
312.45
Treasury Shares Number
0.00
Retained Earnings
1,599.00
Gains Losses Not Affecting Retained Earnings
-706.00
Minority Interest
1,864.00
Other Equity Adjustments
-706.00
Total Equity Gross Minority Interest
4,730.00
Total Capitalization
15,720.00
Working Capital
29.00
Invested Capital
15,821.00
Total Debt
14,515.00
Net Debt
11,816.00
Capital Lease Obligations
1,560.00
Net Tangible Assets
-14,016.00
Tangible Book Value
-14,016.00
Current Provisions
18.00
Derivative Product Liabilities
227.00
Interest Payable
67.00
Investment Properties
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
1,714.00
+14.04%
1,503.00
+13.61%
1,323.00
-11.21%
1,490.00
Cash Flow From Continuing Operating Activities
1,714.00
+14.04%
1,503.00
+13.61%
1,323.00
-11.21%
1,490.00
Net Income From Continuing Operations
1,201.00
-16.89%
1,445.00
-15.89%
1,718.00
+15.92%
1,482.00
Depreciation Amortization Depletion
301.00
+14.02%
264.00
+38.22%
191.00
+0.53%
190.00
Depreciation And Amortization
301.00
+14.02%
264.00
+38.22%
191.00
+0.53%
190.00
Other Non Cash Items
30.00
+400.00%
6.00
-71.43%
21.00
+0.00%
21.00
Stock Based Compensation
151.00
-12.21%
172.00
-11.34%
194.00
+42.65%
136.00
Deferred Tax
97.00
+2040.00%
-5.00
+98.84%
-430.00
-616.67%
-60.00
Deferred Income Tax
97.00
+2040.00%
-5.00
+98.84%
-430.00
-616.67%
-60.00
Operating Gains Losses
2.00
+100.65%
-308.00
-129.85%
-134.00
-532.26%
31.00
Gain Loss On Investment Securities
-198.00
-3.66%
-191.00
-26.49%
-151.00
-1577.78%
-9.00
Net Foreign Currency Exchange Gain Loss
209.00
+394.37%
-71.00
-455.00%
20.00
+600.00%
-4.00
Change In Working Capital
-68.00
+4.23%
-71.00
+70.04%
-237.00
+23.55%
-310.00
Change In Receivables
-89.00
-1371.43%
7.00
+104.76%
-147.00
-33.64%
-110.00
Change In Inventory
-67.00
-323.33%
30.00
+169.77%
-43.00
+29.51%
-61.00
Change In Payables And Accrued Expense
82.00
+222.39%
-67.00
-316.13%
31.00
-84.95%
206.00
Change In Accrued Expense
-7.00
+81.08%
-37.00
-511.11%
9.00
-75.68%
37.00
Change In Payable
89.00
+396.67%
-30.00
-236.36%
22.00
-86.98%
169.00
Change In Other Working Capital
6.00
+114.63%
-41.00
+47.44%
-78.00
+77.39%
-345.00
Investing Cash Flow
-318.00
+51.82%
-660.00
-6100.00%
11.00
+117.19%
-64.00
Cash Flow From Continuing Investing Activities
-318.00
+51.82%
-660.00
-6100.00%
11.00
+117.19%
-64.00
Net PPE Purchase And Sale
-265.00
-31.84%
-201.00
-67.50%
-120.00
-20.00%
-100.00
Purchase Of PPE
-265.00
-31.84%
-201.00
-67.50%
-120.00
-20.00%
-100.00
Capital Expenditure
-265.00
-31.84%
-201.00
-67.50%
-120.00
-20.00%
-100.00
Net Investment Purchase And Sale
76.00
+2.70%
74.00
-33.93%
112.00
+57.75%
71.00
Sale Of Investment
76.00
+2.70%
74.00
-33.93%
112.00
+57.75%
71.00
Net Business Purchase And Sale
-152.00
+71.85%
-540.00
-3076.47%
-17.00
-41.67%
-12.00
Purchase Of Business
-152.00
+71.85%
-540.00
-3076.47%
-17.00
-41.67%
-12.00
Net Other Investing Changes
23.00
+228.57%
7.00
-80.56%
36.00
+256.52%
-23.00
Financing Cash Flow
-1,436.00
-129.76%
-625.00
+54.51%
-1,374.00
-5.13%
-1,307.00
Cash Flow From Continuing Financing Activities
-1,436.00
-129.76%
-625.00
+54.51%
-1,374.00
-5.13%
-1,307.00
Net Issuance Payments Of Debt
-427.00
-264.23%
260.00
+802.70%
-37.00
+59.78%
-92.00
Issuance Of Debt
0.00
-100.00%
2,450.00
+4354.55%
55.00
+2650.00%
2.00
Repayment Of Debt
-427.00
+80.50%
-2,190.00
-2280.43%
-92.00
+2.13%
-94.00
Long Term Debt Issuance
0.00
-100.00%
2,450.00
+4354.55%
55.00
+2650.00%
2.00
Long Term Debt Payments
-427.00
+80.50%
-2,190.00
-2280.43%
-92.00
+2.13%
-94.00
Net Long Term Debt Issuance
-427.00
-264.23%
260.00
+802.70%
-37.00
+59.78%
-92.00
Short Term Debt Issuance
—
—
—
2.00
Short Term Debt Payments
—
—
—
-94.00
Net Short Term Debt Issuance
—
—
—
-92.00
Net Common Stock Issuance
0.00
0.00
+100.00%
-500.00
-68.92%
-296.00
Common Stock Payments
0.00
0.00
+100.00%
-500.00
-53.37%
-326.00
Common Stock Dividend Paid
-1,108.00
-7.68%
-1,029.00
-3.94%
-990.00
-1.96%
-971.00
Cash Dividends Paid
-1,108.00
-7.68%
-1,029.00
-3.94%
-990.00
-1.96%
-971.00
Repurchase Of Capital Stock
0.00
0.00
+100.00%
-500.00
-53.37%
-326.00
Proceeds From Stock Option Exercised
33.00
-57.69%
78.00
+30.00%
60.00
+185.71%
21.00
Net Other Financing Charges
66.00
+0.00%
66.00
-29.03%
93.00
+200.00%
31.00
Changes In Cash
-187.00
-185.78%
218.00
+645.00%
-40.00
-133.61%
119.00
Effect Of Exchange Rate Changes
16.00
+169.57%
-23.00
-2400.00%
1.00
+103.57%
-28.00
Beginning Cash Position
1,334.00
+17.12%
1,139.00
-3.31%
1,178.00
+8.37%
1,087.00
End Cash Position
1,163.00
-12.82%
1,334.00
+17.12%
1,139.00
-3.31%
1,178.00
Free Cash Flow
1,449.00
+11.29%
1,302.00
+8.23%
1,203.00
-13.45%
1,390.00
Interest Paid Supplemental Data
714.00
-9.04%
785.00
+3.15%
761.00
+56.26%
487.00
Income Tax Paid Supplemental Data
450.00
+53.58%
293.00
+1.03%
290.00
+5.45%
275.00
Common Stock Issuance
—
0.00
0.00
-100.00%
30.00
Earnings Losses From Equity Investments
-11.00
+84.06%
-69.00
-762.50%
-8.00
-118.18%
44.00
Issuance Of Capital Stock
—
0.00
0.00
-100.00%
30.00
Cash Flow From Discontinued Operation
-147.00
0.00
0.00
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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