QSR
Restaurant Brands International Inc
NYSE: QSR · CONSUMER CYCLICAL · RESTAURANTS
$78.70
+0.64% today
Updated 2026-04-29
Market cap
$35.94B
P/E ratio
29.92
P/S ratio
3.81x
EPS (TTM)
$2.63
Dividend yield
3.17%
52W range
$60 – $82
Volume
3.5M
Restaurant Brands International Inc (QSR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2005 | 2006 | 2007 | 2008 | 2009 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.05B | $2.23B | $2.46B | $2.54B | $2.50B | $2.34B | $1.97B | $1.15B | $1.20B | $4.05B | $4.15B | $4.58B | $5.36B | $5.60B | $4.97B | $5.74B | $6.50B | $7.02B | $8.41B | $9.43B |
| Revenue growth (YoY) | — | +9.1% | +9.9% | +3.4% | -1.4% | -6.7% | -15.6% | -41.8% | +4.6% | +238.0% | +2.3% | +10.4% | +17.1% | +4.6% | -11.3% | +15.5% | +13.3% | +7.9% | +19.7% | +12.2% |
| Cost of revenue | $1.26B | $1.35B | $1.48B | $1.58B | $1.54B | $1.40B | $1.15B | $347.70M | $335.40M | $2.31B | $2.18B | $2.33B | $2.24B | $3.21B | $3.00B | $3.37B | $3.91B | $4.22B | $5.38B | $5.56B |
| Gross profit | $783.00M | $880.00M | $977.00M | $954.50M | $957.30M | $936.80M | $818.60M | $798.60M | $863.40M | $1.74B | $1.97B | $2.25B | $3.12B | $2.39B | $1.97B | $2.37B | $2.60B | $2.80B | $3.02B | $3.88B |
| Gross margin | 38.2% | 39.4% | 39.8% | 37.6% | 38.3% | 40.1% | 41.5% | 69.7% | 72.0% | 42.9% | 47.4% | 49.1% | 58.2% | 42.7% | 39.7% | 41.4% | 39.9% | 39.9% | 36.0% | 41.1% |
| R&D | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $454.00M | $474.00M | $500.00M | $490.40M | $497.50M | $337.40M | $224.50M | $198.60M | $206.40M | $304.00M | $281.00M | $329.00M | $1.14B | $387.00M | $388.00M | $450.00M | $561.00M | $647.00M | $691.00M | $713.00M |
| Operating income | $241.00M | $290.00M | $355.00M | $345.20M | $330.50M | $434.60M | $417.70M | $522.20M | $181.10M | $1.19B | $1.67B | $1.74B | $1.92B | $2.01B | $1.42B | $1.88B | $1.90B | $2.05B | $2.42B | $2.24B |
| Operating margin | 11.8% | 13.0% | 14.5% | 13.6% | 13.2% | 18.6% | 21.2% | 45.6% | 15.1% | 29.4% | 40.2% | 37.9% | 35.8% | 35.8% | 28.6% | 32.7% | 29.2% | 29.2% | 28.8% | 23.7% |
| EBITDA | — | — | — | — | — | — | $482.90M | $578.60M | $86.50M | $1.30B | $1.80B | $1.79B | $2.08B | $2.16B | $1.50B | $2.04B | $2.07B | $2.24B | $2.66B | $2.42B |
| EBITDA margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 24.5% | 50.5% | 7.2% | 32.2% | 43.5% | 39.1% | 38.9% | 38.6% | 30.1% | 35.6% | 31.8% | 31.9% | 31.7% | 25.7% |
| EBIT | — | — | — | — | — | — | $368.70M | $512.80M | $17.70M | $1.12B | $1.63B | $1.61B | $1.90B | $1.98B | $1.31B | $1.84B | $1.88B | $2.05B | $2.40B | $2.20B |
| Interest expense | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $221.70M | $196.50M | $276.80M | $470.50M | $449.70M | $507.60M | $591.00M | $596.00M | $484.00M | $428.00M | $542.00M | $766.00M | $804.00M | $516.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $27.00M | $148.00M | $190.00M | $200.10M | $186.80M | $107.00M | $117.70M | $233.70M | $161.40M | $375.10M | $616.00M | $648.00M | $612.00M | $643.00M | $486.00M | $838.00M | $1.01B | $1.19B | $1.02B | $776.00M |
| Net income growth (YoY) | — | +448.1% | +28.4% | +5.3% | -6.6% | -42.7% | +10.0% | +98.6% | -30.9% | +132.4% | +64.2% | +5.2% | -5.6% | +5.1% | -24.4% | +72.4% | +20.3% | +18.1% | -14.2% | -24.0% |
| Profit margin | 1.3% | 6.6% | 7.7% | 7.9% | 7.5% | 4.6% | 6.0% | 20.4% | 13.5% | 9.3% | 14.9% | 14.2% | 11.4% | 11.5% | 9.8% | 14.6% | 15.5% | 16.9% | 12.1% | 8.2% |