10x Insights
Loading account…
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. (NYSE: QSR) owns and franchises Tim Hortons, Burger King, Popeyes and Firehouse Subs, serving customers through quick-service restaurants with menus spanning coffee and baked goods, hamburgers, chicken and hot subs. More than 95% of its restaurants are franchised, while… From the company’s description.

In fiscal 2025, Restaurant Brands International Inc. reported revenue of $9.43B, up 12.2% from fiscal 2024, and net income of $1.20B. Its operating margin was 23.3%, and operations generated $1.71B in cash. Over the twelve months to Jun 30, 2026, revenue was $9.70B.

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. (NYSE: QSR) owns and franchises Tim Hortons, Burger King, Popeyes and Firehouse Subs, serving customers through quick-service restaurants with menus spanning coffee and baked goods, hamburgers, chicken and hot subs. More than 95% of its restaurants are franchised, while company-operated locations include acquired restaurants, test sites and locations used to develop operating talent. Its six reportable segments are Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International and Restaurant Holdings; International covers the brands outside the U.S. and Canada, with specified exceptions, while Restaurant Holdings includes acquired Burger King restaurants and certain international operations. As of December 31, 2025, the company had 33,041 restaurants in more than 120 countries and territories and nearly $47 billion in system-wide sales. Its brands include the Whopper at Burger King and the Louisiana-style menu at Popeyes. The company also operates Tim Hortons coffee roasting and other supply-chain facilities that serve its restaurants. Its website is www.rbi.com.

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.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Restaurant Brands International Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Restaurant Brands International Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Restaurant Brands International Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.