Restaurant Brands International Inc.

QSR

$81.28

+1.27%

2026-09-04 12:07:40 EDT+$1.02

Consumer Cyclical

Restaurants

NYSE

Active Trading

Restaurant Brands International Inc. (RBI), a prominent quick-service restaurant enterprise, maintains its headquarters in Toronto, Canada. Established in 1954, the company operates ...

Price Action of QSR

$81.28

+1.27%+$1.02

High—

Low—

52W High-0.7%

Rel. vol—

Interval

Range88m

Volume—SMA5SMA10

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Restaurant Brands International Inc. (RBI), traded on the NYSE as QSR, is one of the world’s largest quick-service restaurant companies. The company operates through a portfolio model built around four iconic brands: Tim Hortons (coffee and baked goods), Burger King (flame-grilled burgers and sandwiches), Popeyes (Louisiana-style fried chicken and seafood), ...Restaurant Brands International Inc. (RBI), traded on the NYSE as QSR, is one of the world’s largest quick-service restaurant companies. The company operates through a portfolio model built around four iconic brands: Tim Hortons (coffee and baked goods), Burger King (flame-grilled burgers and sandwiches), Popeyes (Louisiana-style fried chicken and seafood), and Firehouse Subs (submarine sandwiches). Rather than running the majority of restaurants directly, RBI’s business model is heavily franchised, aiming to create strong unit economics for franchise partners and to scale brand presence globally. From a business perspective, RBI’s strategy is centered on system-wide sales growth and long-term brand health. The company leverages centralized capabilities—such as supply chain support, marketing, menu and product development, restaurant operations expertise, and technology—to help franchisees run consistently high-quality restaurant experiences. RBI’s focus on brand marketing and operational playbooks is designed to improve customer traffic and throughput while maintaining franchise profitability. Product and service scope differs by brand but generally includes food and beverages typical of QSR formats: handcrafted and specialty coffees and teas and freshly baked items at Tim Hortons; burgers, chicken and sandwich offerings, fries, and soft drinks at Burger King; fried chicken, tenders, shrimp and other seafood plus classic side items at Popeyes; and made-to-order submarine sandwiches and beverages at Firehouse Subs. Across the portfolio, the company’s value proposition is tied to a recognizable menu identity, speed of service, and brand-driven customer loyalty. Cost structure in franchising typically features relatively lower direct labor and facility costs versus company-owned store models, while RBI manages corporate functions (brand and franchise support) and earns franchise-related revenues. Key financial performance in the provided dataset shows substantial margins and cash generation metrics at the enterprise level (e.g., positive operating and net margins and free cash flow measures), reflecting the scale of the restaurant system and the capital-light nature of franchising. Financially, the company’s scale is evidenced by its large market capitalization and international footprint (described as nearly 30,000 restaurants across 100 countries in the provided overview). Operationally, RBI must manage brand consistency and franchise partner support globally, including adapting menus and marketing for regional preferences and maintaining supply quality. Key leadership includes CEO Joshua Kobza. Looking ahead, RBI’s “wishes” from a strategic standpoint generally align with continued unit growth, sustained system-wide sales momentum, and ongoing improvements in unit economics for franchisees—especially through menu innovation, promotional effectiveness, and operational excellence across its franchised brand network.ExpandCollapse

Founded

2014

Employees

53500

CEO

Joshua Arthur Kobza

Full Name

Restaurant Brands International Inc.

Sector

Consumer Cyclical

Industry

Restaurants

ROE

34.86%

Market Cap

$28.35B

Current Ratio

1.01

WACC

5.68%

ROIC

10.12%

Contact Information

https://www.rbi.com

19058456511

130 King Street West, Suite 300, Toronto, ON M5X 1E1

Key Metrics of QSR

Snapshot

Latest / TTM · 6 periods

Market Cap

$28.35B

ROCE

11.6%

EV / EBITDA

15.26x

+1.7% YoY

FCF Yield

5.6%

-0.8% YoY

Cash Conversion Cycle

-14.9d

Current Ratio

1.01

Quick take

TTM —

No major risk flags in selected headline metrics.

Financial Highlights of QSR

Profitability trend

Latest / TTM · 6 periods

Gross Margin

44.8%

Net Margin

13.1%

P/E Ratio

19.78x

n/a

Debt / Equity

4.07

n/a

Current Ratio

1.01

Dividend Yield

3.1%

Understanding

TTM —

High debt to equity

Calendar of QSR

Upcoming

Sep 18, 2026In 14 days
Ex-dividend date
$2.54 per share
Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $1.08 · Revenue $2.54B · 14 analysts
Oct 2, 2026In 28 days
Dividend payment
$2.54 per share
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $1.05 · Revenue $2.54B · 14 analysts

Recent history

Aug 6, 2026
Q2 FY2026 · Results reported
EPS $1.45 · Revenue $2.52B
View filing
May 6, 2026
Q1 FY2026 · Results reported
EPS $0.74 · Revenue $2.26B
View filing
Feb 20, 2026
FY2025 · Annual results
EPS $2.35 · Revenue $9.43B
View filing
Oct 30, 2025
Q3 FY2025 · Results reported
EPS $0.95 · Revenue $2.45B
View filing
Aug 7, 2025
Q2 FY2025 · Results reported
EPS $0.58 · Revenue $2.41B
View filing
May 8, 2025
Q1 FY2025 · Results reported
EPS $0.48 · Revenue $2.11B
View filing

Financial Statements of QSR

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$9.4B	+12.2%	+11.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$776.0M	-24.0%	+50.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+41.1%	+14.2%	-30.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+23.7%	-17.6%	+2.8%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+8.2%	-32.3%	+34.8%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$1.4B	+11.3%	+183.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+15.4%	-0.8%	+154.6%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	483.7%	-5.7%	-3.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.98x	+1.4%	+2.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$25.6B	+4.0%	+0.6%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	2.35 vs 3.68	-36.1%	1.45 vs 1.08	+34.5%
Revenue Surprise	$9.4B vs $9.4B	+0.7%	$2.5B vs $2.5B	-0.6%

Insider Transactions of QSR

Acquisitions (A)

Since Jul 7, 2026

Disposals (D)

Since Jul 7, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 21, 2026	CURTIS THOMAS BENJAMIN	officer: Pres., BK US & CA	Common Shares	D	64,000	$80.72
Aug 10, 2026	3G Restaurant Brands Holdings General Partner Ltd.	10 percent owner	Exchangeable Units	A	2,784,549	—
Aug 10, 2026	3G Restaurant Brands Holdings General Partner Ltd.	10 percent owner	Exchangeable Units	A	2,000,183	—
Jul 7, 2026	Fulton Duncan	officer: Chief Corporate Officer	Performance Share Units	A	214	—
Jul 7, 2026	Fulton Duncan	officer: Chief Corporate Officer	Performance Share Units	A	195	—

Earnings Call Transcript of QSR

1 transcript segments

Q2 2026

Unknown Speaker

Operator : Good morning, and welcome to Restaurant Brands International's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Kendall Peck, RBI's Vice President of Treasury and Investor Relations. Please go ahead. Kendall Peck : Thank you, operator. Good morning, everyone, and welcome to Restaurant Brands International's Earnings Call for the quarter ended June 30, 2026. Joining me on the call today are Restaurant Brands International's Executive Chairman, Patrick Doyle; CEO, Josh Kobza; and CFO, Sami Siddiqui. Following remarks from Josh, Samy and Patrick, we will open the call to questions. Today's discussion may include forward-looking statements, which are subject to risks detailed in the press release issued this morning and in our SEC filings. We will also reference non-GAAP financial measures, reconciliations of which can be found in the press release and trending schedules available on our website. As a reminder, organic adjusted operating income growth is on a constant currency basis and excludes results from the Restaurant Holdings segment. For calendar planning purposes, our preliminary Q3 earnings call is scheduled for the morning of October 29, 2026. And now I'll turn the call over to Josh. Joshua Kobza : Thank you, Kendall, and good morning, everyone. Q2 was another strong quarter. We delivered 3.8% same-store sales growth and 2.9% net restaurant growth, driving 6.4% system-wide sales growth, 6.7% organic adjusted operating income growth and 12.9% adjusted EPS growth. Last quarter, we said our results were early proof that the 2028 vision we laid out at our Investor Day was taking hold. Q2 built on that momentum. We accelerated same-store sales, exceeding our long-term 3% algorithm for the third consecutive quarter, delivered double-digit earnings growth and returned $435 million of capital to shareholders. We also advanced our other key priorities, strengthening our path to becoming an investment-grade company and making progress towards 5% net restaurant growth, all while being the partner of choice for the best franchisees and the employer of choice for the best talent. Just as importantly, our results highlight the strength of our diversified portfolio and disciplined operating model. By investing behind each of our brands while executing consistently against our long-term strategies, we've built a portfolio capable of delivering durable top line and earnings growth across a variety of consumer environments. Those strategies continue to drive results with Tim Hortons and International each delivering their 21st consecutive quarters of positive same-store sales growth. Burger King U.S. was a standout performer this quarter with our elevation strategy driving another major step forward in sales and expanding our outperformance versus the industry to the high single digits. I'm incredibly proud of what our teams and …

Leadership Team of QSR

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Joshua Kobza	Chief Executive Officer	USD 2,841,868	Male	1987	Active
Axel Schwan	President of Tim Hortons - Canada & U.S.	USD 1,792,777	Male	1974	Active
Sami A. Siddiqui	Chief Financial Officer	USD 1,601,289	Male	1985	Active
Jill Granat	General Counsel & Corporate Secretary	USD 1,512,010	Female	1966	Active
Thomas Benjamin Curtis	President of Burger King U.S. & Canada	USD 1,117,739	Male	1964	Active
Jacqueline Friesner	Controller & Chief Accounting Officer	—	Female	1973	Active
Duncan Stanley Allpress Fulton	Chief Corporate Officer	—	Male	1977	Active
Jeff Housman	Chief People & Services Officer	—	Male	1983	Active
Kendall Ardyce Peck	Head of Investor Relations	—	Male	—	Active
J. Patrick Doyle	Executive Chairman	—	Male	1963	Active

Recent News of QSR

WSJ8/6/2026Neutral

Burger King's New Whopper Strikes a Blow in Fast-Food Burger Wars

Company president said the revamped burger was helping win market share; McDonald's recently overhauled the Big Mac.

Benzinga8/6/2026Neutral

Burger King Strength Drives Restaurant Brands' Strong Second Quarter

Restaurant Brands International Inc. (NYSE:QSR) reported a second-quarter earnings beat with adjusted EPS of $1.07, surpassing analyst expectations of $0.82.

New York Post8/6/2026Neutral

Burger King's US sales surge while McDonald's growth flails in burger battle

Burger King's US sales are soaring as customers embrace its revamped Whopper burger – while long-reigning McDonald's suffers flailing growth in its largest market.

Fool - Investing News8/6/2026Neutral

Bill Ackman's 7-Stock Portfolio Is Quietly Beating the Market. Here's What's Inside It.

Its performance may be volatile, but it's certainly working well enough right now.

Proactive Investors8/6/2026Neutral

Restaurant Brands International earnings beat driven by strong Burger King sales growth

Restaurant Brands International (TSX:QSR, NYSE:QSR) reported second quarter 2026 adjusted earnings above Wall Street expectations on Thursday, supported by stronger comparable sales led by Burger King in the US. The company posted adjusted diluted earnings of $1.07 per share, above the $1.03 consensus estimate, while revenue of $2.52 billion was in line with expectations.

Historical Employee Count of QSR

Current

53,500

Change

+42.29%

Minimum

5,700

Maximum

53,500

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	53,500	10-K	Feb 20, 2026	View
Dec 31, 2024	37,600	10-K	Feb 21, 2025	View
Dec 31, 2023	9,000	10-K	Feb 22, 2024	View
Dec 31, 2022	6,400	10-K	Feb 22, 2023	View
Dec 31, 2021	5,700	10-K	Feb 23, 2022	View

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Restaurant Brands International Inc.