Stocks Consumer discretionary QSR
NYSE · Consumer discretionaryRestaurant Brands International Inc. (QSR)
Restaurant Brands International Inc. brought in $9.7B of revenue over the twelve months to June 30, 2026, up 6.5% from a year earlier. Net income was $1.3B, a net margin of 13.1%. Operating cash flow minus capital spending left $1.4B of free cash flow in fiscal 2025. At June 30, 2026 it held $1.1B in cash against $13.3B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 6, 2026.
Key facts about Restaurant Brands International Inc.
- Net worth
- Restaurant Brands International Inc. has a market value (market cap) of $32.9B at the latest share price, and shareholders' equity of $3.9B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $9.4B (+12.2% year on year), with net income of $776M. Over the 12 months to June 30, 2026: revenue $9.7B, net income $1.3B.
- Cash flow
- In fiscal 2025 operations brought in $1.7B of cash; after $265M of capital spending, free cash flow was $1.4B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 6, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Restaurant Brands International Inc.'s next report is expected around October 29, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Restaurant Brands International Inc. declared dividends of $2.48 per share in fiscal 2025, a yield of 3.42% at the current price.
What Restaurant Brands International Inc. does
Restaurant Brands International Inc. is registered with the SEC under industry code SIC 5812 (Retail-Eating Places). Its shares trade on NYSE under the ticker QSR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $9.4B | $776M | $2.35 | $1.4B |
| 2024 | $8.4B | $1B | $3.18 | $1.3B |
| 2023 | $7B | $1.2B | $3.76 | $1.2B |
| 2022 | $6.5B | $1B | $3.25 | $1.4B |
| 2021 | $5.7B | $838M | $2.69 | $1.6B |
| 2020 | $5B | $486M | $1.60 | $804M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where QSR ranks in Consumer discretionary
Dividends
Restaurant Brands International Inc. declared $2.48 per share in fiscal 2025. At the current price that is a yield of 3.42%. It paid out $1.1B in cash dividends, 143% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.48 | $1.1B | 143% |
| 2024 | $2.32 | $1B | 101% |
| 2023 | $2.20 | $990M | 83% |
| 2022 | $2.16 | $971M | 96% |
| 2021 | $2.12 | $974M | 116% |
| 2020 | $2.08 | $959M | 197% |
Latest SEC filings
What Restaurant Brands International Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 12, 2026Activist stake changed SCHEDULE 13D/A
- August 10, 2026Activist stake changed SCHEDULE 13D/A
- August 10, 2026
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 4.6% to $2.5B versus the same quarter last year; diluted EPS $1.45 versus $0.57.
- August 6, 2026
- June 3, 2026
- May 22, 2026Additional proxy material DEFA14A
- May 8, 2026Activist stake changed SCHEDULE 13D/A
- May 6, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 7.3% to $2.3B versus the same quarter last year; diluted EPS $0.97 versus $0.49.
What is QSR worth? A DCF from its reported cash flow
Insider trades
What the people running Restaurant Brands International Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $9.8M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 4, 2026 | Schwan AxelPres., Tim Hortons US & Canada | Exercised options | 40,000 | $2.3M |
| September 4, 2026 | Schwan AxelPres., Tim Hortons US & Canada | Exercised options | 30,000 | $1.9M |
| September 4, 2026 | Schwan AxelPres., Tim Hortons US & Canada | Sold | 57,574 | $4.7M |
| August 21, 2026 | Curtis Thomas BenjaminPres., BK US & CA | Sold | 64,000 | $5.2M |
| March 20, 2026 | Housman JeffreySee Remarks | Exercised options | 20,000 | $1.1M |
| March 20, 2026 | Housman JeffreySee Remarks | Sold | 20,000 | $1.5M |
| March 18, 2026 | Granat JillSee Remarks | Exercised options | 25,000 | $1.4M |
| March 18, 2026 | Granat JillSee Remarks | Sold | 25,000 | $1.9M |
Who owns QSR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| 3G Restaurant Brands Holdings General Partner Ltd.13D, may seek influence with 1 related filers | 21.3% | August 12, 2026 |
| William A. Ackman13D, may seek influence with 4 related filers | 8.5% | July 18, 2024 |
| Pershing Square Capital Management, L.P.13D, may seek influence with 5 related filers | 7.8% | May 8, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 577 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Capital World Investors | 43,862,952 | +1,004,917 |
| Pershing Square Inc. | 25,821,284 | new |
| Royal Bank of Canada | 20,236,317 | +1,850,185 |
| EdgePoint Investment Group Inc. | 17,171,552 | -2,176,585 |
| BlackRock, Inc. | 15,228,770 | +7,239,262 |
| Bank of Montreal | 11,295,632 | +2,283,680 |
| Vanguard Capital Management LLC | 10,489,509 | +178,393 |
| Fmr LLC | 8,417,025 | +159,170 |
| Goldman Sachs Group Inc | 7,310,590 | +197,151 |
| Fiera Capital Corp | 6,168,961 | -523,260 |
| Cibc World Market Inc. | 6,106,449 | -653,743 |
| Geode Capital Management, LLC | 5,854,909 | +305,839 |
| Morgan Stanley | 4,844,426 | -2,477,176 |
| Bank of America Corp | 4,769,956 | -162,706 |
| Canada Pension Plan Investment Board | 4,224,874 | +1,284,496 |
| TD Asset Management Inc | 4,160,083 | -1,478,480 |
| Platinum Paramount Investment Ltd. | 4,118,904 | 0 |
| Norges Bank | 3,821,569 | new |
| National Bank of Canada | 3,649,628 | +96,627 |
| Invesco Ltd. | 3,404,367 | -138,635 |
Insiders
20 insiders reported holding 2,475,909 shares in total, about $179.3M at the last price.
| Holder | Shares |
|---|---|
| Kobza JoshuaChief Executive Officer | 960,769 |
| Granat JillSee Remarks | 478,845 |
| Schwan AxelPres., Tim Hortons US & Canada | 209,908 |
| Doyle J PatrickExecutive Chairman, Director | 193,855 |
| Friesner JacquelineSee Remarks | 165,727 |
| Housman JeffreySee Remarks | 162,077 |
| Santelmo Thiago TPresident, International | 78,560 |
| Fulton DuncanChief Corporate Officer | 51,217 |
| Perdue PeterPresident, Popeyes-US & Canada | 43,627 |
| Curtis Thomas BenjaminPres., BK US & CA | 38,216 |
Questions about QSR
What does Restaurant Brands International Inc. do?
Restaurant Brands International Inc. is a company in the Consumer discretionary sector, listed on NYSE as QSR. Its shares trade on NYSE under the ticker QSR.
What is Restaurant Brands International Inc.'s net worth?
Restaurant Brands International Inc. has a market value (market cap) of $32.9B at the latest share price, and shareholders' equity of $3.9B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Restaurant Brands International Inc. profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $1.3B on revenue of $9.7B, a net margin of 13.1%.
How much revenue does Restaurant Brands International Inc. make?
Over the twelve months to June 30, 2026 Restaurant Brands International Inc. reported revenue of $9.7B. That is 6.5% more than a year earlier.
When did Restaurant Brands International Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 6, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 6, 2026.
When is Restaurant Brands International Inc.'s next earnings report?
Restaurant Brands International Inc.'s next report is expected around October 29, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Restaurant Brands International Inc. pay a dividend?
Yes. Restaurant Brands International Inc. declared dividends of $2.48 per share in fiscal 2025, a yield of 3.42% at the current price.
Similar companies
Compare QSR with
Follow QSR
Get an email when Restaurant Brands International Inc. files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values Restaurant Brands International Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.