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Companies / Consumer Discretionary / Restaurant Brands International Inc.
QSR

Restaurant Brands International Inc.

Ticker QSRMIAMI, FLFiscal year ends DecemberBook value per share $8.39Diluted shares 459.0M

Restaurant Brands International Inc. (TSX: QSR) operates as one of the world's largest quick service restaurant companies with approximately 33,000 restaurants across more than 120 countries and territories. The company's website is www.rbi.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$9.43BFY2025
+12.2% year over year
Last 12 mo $9.70B
23.34%FY2025
−5.4 percentage points
Last 12 mo 26.87%
$1.20BFY2025
−16.9% year over year
Last 12 mo $1.82B
21.35%FY2025
−11.5 percentage points
Last 12 mo 33.06%
Cash & financing
$1.71BFY2025
+14.0% year over year
Last 12 mo $1.90B
$1.45BFY2025
+11.3% year over year
Last 12 mo $1.63B
3.74FY2025
Was 4.49× a year earlier
Last 12 mo 3.51
457.0MFY2025
+0.7% year over year
Last 12 mo 459.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Restaurant Brands International Inc. does

In the company’s own words

Restaurant Brands International Inc. (TSX: QSR) operates as one of the world's largest quick service restaurant companies with approximately 33,000 restaurants across more than 120 countries and territories. The company's website is www.rbi.com.

RBI owns and franchises four iconic brands: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, and Firehouse Subs. Tim Hortons, founded in 1964, is the largest coffee and baked goods restaurant chain in Canada and a major player in North America. Burger King, established in 1954, ranks as the world's second largest quick service hamburger chain and is known for its flame-grilled offerings and the Whopper sandwich. Popeyes, founded in 1972, represents the world's second largest quick service chicken concept featuring Louisiana-style fried chicken. Firehouse Subs, created in 1994, operates as a leading sandwich concept in North America.

As of December 31, 2025, the company generated approximately $47 billion in annual system-wide sales. The business operates through six reportable segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International operations, and Restaurant Holdings. Over 95 percent of system-wide restaurants are franchised, with the remainder being company-operated locations, primarily from the May 2024 acquisition of Carrols Restaurant Group, which RBI intends to refranchise over time.

RBI employed approximately 53,500 people as of December 31, 2025, including roughly 3,400 corporate employees, 1,300 distribution and manufacturing workers, and 48,900 restaurant employees. The workforce spans approximately 33,700 employees in the United States, 2,100 in Canada, and 17,700 internationally.

The company operates a vertically integrated supply chain for Tim Hortons, including coffee roasting facilities, fondant and fills manufacturing, and distribution networks across Canada and the United States. For other brands, products are sourced through third-party suppliers and purchasing cooperatives. RBI's business strategy focuses on three core pillars: high quality food with experienced franchisees, service excellence through technology and training, and increasing convenience via restaurant growth and modernization.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Restaurants
Headquarters
MIAMI, FL
Fiscal year end
December
CIK
1618756
SIC
5812

Financial performance, year by year

Fiscal 2014–2025 · USD
$-1.28B$1.72B$4.71B$7.70B$10.70B201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Restaurant Brands International Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

332
funds hold it
1 of 35
superinvestors hold it
$6.72B
held by funds, at market
25.3%
of shares held by funds

Superinvestors in Restaurant Brands International Inc. · what they did last quarter

Seth KlarmanDECREASED -16.4%
Baupost Group
9.0%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Restaurant Brands International Inc.’s weight in each

0.50%of fund net assets
0.39%of fund net assets
—of fund net assets
0.17%of fund net assets
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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