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Restaurant Brands International Inc.

Restaurant Brands International Inc.

NYSE•QSR
CEO: Mr. J. Patrick Doyle
Sector: Consumer Cyclical
Industry: Restaurants
Listing Date: 2014-12-11
Restaurant Brands International Inc. operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products. It is also involved in owning and franchising BK, a fast-food hamburger restaurant chain, which offers flame-grilled hamburgers, chicken and other specialty sandwiches, French fries, soft drinks, and other food items; and PLK quick service restaurants that provide Louisiana-style fried chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other regional items. In addition, the company owns and franchises FHS quick service restaurants that offer meats and cheese, chopped salads, chili and soups, signature and other sides, soft drinks, and local specialties. The company was founded in 1954 and is headquartered in Toronto, Canada.
Contact Information
130 King Street West, Suite 300, Toronto, ON, M5X 1E1, Canada
905-339-6011
www.rbi.com
Market Cap
$23.01B
P/E (TTM)
24.9
29.9
Dividend Yield
3.5%
52W High
$73.70
52W Low
$58.71
52W Range
77%
Rank39Top 29.7%
4.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$2.45B+6.90%
4-Quarter Trend

EPS

$0.96+21.52%
4-Quarter Trend

FCF

$484.88M-0.03%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Months Revenue Growth Total Revenues $6.97B, up $858 M driven by acquisitions and sales growth across segments.
Q3 Adjusted Operating Income Q3 Adjusted Operating Income $702 M, showing 8% growth over prior year driven by strong sales.
Operating Cash Flow Improvement Operating Cash Flow $1.16B provided $1,159 M for nine months, improving from $1,022 M last year.
Share Repurchase Authorization New $1.00B common share repurchase program authorized through September 2027, replacing prior authorization.

Risk Factors

Debt Service Requirements Required debt service estimated at $345 M interest plus $79 M principal over the next twelve months.
BK China Integration Risk BK China integration continues; classified as held for sale, requiring $137 M funding provided year-to-date.
Economic Spending Pressures Global economic trends like inflation and unemployment pose risks to consumer spending and restaurant sales performance.
Increased Effective Tax Rate Effective tax rate rose to 22.1% for nine months due to unfavorable impacts of new OECD Pillar II guidance.

Outlook

Burger King Reclaim Flame Executing multi-year 'Reclaim the Flame' plan, investing up to $700 M through 2028 for growth initiatives.
Liquidity Position Strong Cash position $1.21B combined with $1.25B availability provides sufficient liquidity for next twelve months.
Future Tax Law Uncertainty New OBBBA enacted July 2025 may impact future tax deductions, though no material impact expected currently.
International Segment Growth INTL segment showed 10.3% system-wide sales growth for nine months, driven by strong royalty revenues.

Peer Comparison

Revenue (TTM)

Li Auto Inc.LI
$17.75B
-9.8%
Casey's General Stores, Inc.CASY
$16.97B
+13.3%
Darden Restaurants, Inc.DRI
$12.36B
+8.3%

Gross Margin (Latest Quarter)

Darden Restaurants, Inc.DRI
69.5%
+49.1pp
Ralph Lauren CorporationRL
68.0%
+1.0pp
Restaurant Brands International Inc.QSR
48.4%
+13.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ULTA$26.27B22.046.9%36.7%
QSR$23.01B24.928.5%60.9%
WSM$22.73B20.451.9%27.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.2%
Moderate Growth
4Q Net Income CAGR
6.7%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 11, 2026
|
EPS:$0.94
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 30, 2025|
    Revenue: $2.45B+6.9%
    |
    EPS: $0.96+21.5%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $2.41B+15.9%
    |
    EPS: $0.58-34.3%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $2.11B+21.3%
    |
    EPS: $0.49-33.4%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 21, 2025|
    Revenue: $8.41B+19.7%
    |
    EPS: $3.21-16.0%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 5, 2024|
    Revenue: $2.29B+24.7%
    |
    EPS: $0.79-1.6%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $2.08B+17.2%
    |
    EPS: $0.88+14.4%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 30, 2024|
    Revenue: $1.74B+9.4%
    |
    EPS: $0.73+19.8%
    Meet
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 22, 2024|
    Revenue: $7.02B+7.9%
    |
    EPS: $3.81+16.5%
    Beat