QSR

Restaurant Brands International Inc. Consumer Discretionary Retail-Eating Places Russell 3000
$72.41Close $25.1BMarket cap $63.96 – $80.9352-week range Late-januaryNext report · estimated

Highlights

Cautions

  • Not in an uptrend 3 of 8 trend conditions
  • Lagging the market RS 48 · weaker than 52% of stocks over 12 months
  • Financial distress Altman Z″ in the distress zone

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Oct 29, 2026
Off 12-month high 11%
1wk down 3.9% price change
1mo up 1.9% price change
12-month return up 11% market up 11% · its own up 2%
F-score — — Not assessed
Altman Z″ 0.98 Elevated risk
P/E 23.3× price / earnings
PEG — P/E / EPS growth
P/B 6.9× price / book
Earnings yield up 5.9% EBIT / enterprise value
Cheaper than 57% of the market · around average
Revenue growth up 12% year on year
EPS growth — latest quarter
Sales growth up 3% latest quarter · -1 pts
ROE up 32% return on equity
Free cash margin up 15% $1.4B FCF
D/E 3.65 long-term debt / equity
Net debt / EBITDA 4.8×
Interest cover —EBIT / interest

Trade setup

ATR% 2.4% $1.76 a day · 2×ATR $68.90
RS 48 / 99 vs the universe
Trend 3 / 8 trend template
Relative volume 1.6× vs 50-day average
Up/down volume 0.78 50 sessions
Implied move — no scheduled report
Trend template · 3 of 8
  • Price above the 150 and 200-day averages: fails
  • 150-day average above the 200-day: passes
  • 200-day average rising for a month: passes
  • 50-day average above the 150 and 200-day: fails
  • Price above the 50-day average: fails
  • At least 30% above the 52-week low: fails
  • Within 25% of the 52-week high: passes
  • RS rank 70 or higher: fails

Screen verdict

Did not qualify for any screen.

Warning signs

4 flagged
  • Material impairment The company disclosed a material impairment - an asset written down below the value the balance sheet had been carrying.
  • Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
  • Heavily indebted Net debt is 4.8 times EBITDA — roughly 5 years of earnings before interest, tax and depreciation to repay borrowings in full.
  • Shareholders diluted The share count rose 6.7% over the year, from 324m to 346m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported Oct 29, 2026
Results reaction Oct 29, 2026-1% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $9.4B +12% on FY2024
$0 $10B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $5.0B FY2021 · $5.7B FY2022 · $6.5B FY2023 · $7.0B FY2024 · $8.4B FY2025 · $9.4B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $1.1B -26% on FY2024
$0 $2B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $750.0M FY2021 · $1.3B FY2022 · $1.5B FY2023 · $1.7B FY2024 · $1.4B FY2025 · $1.1B
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $1.4B +11% on FY2024
$0 $2B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $804.0M FY2021 · $1.6B FY2022 · $1.4B FY2023 · $1.2B FY2024 · $1.3B FY2025 · $1.4B
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross
  • Net 11%
  • Free cash 15%
0% 100% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 68% · Net 15% · Free cash 16% FY2021 · Gross 67% · Net 22% · Free cash 28% FY2022 · Gross 64% · Net 23% · Free cash 21% FY2023 · Gross 65% · Net 24% · Free cash 17% FY2024 · Net 17% · Free cash 15% FY2025 · Net 11% · Free cash 15%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $12.1B net debt
  • Cash
  • Long-term debt
$0 $20B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $1.6B · Long-term debt $12.4B FY2021 · Cash $1.1B · Long-term debt $12.9B FY2022 · Cash $1.2B · Long-term debt $12.8B FY2023 · Cash $1.1B · Long-term debt $12.9B FY2024 · Cash $1.3B · Long-term debt $13.5B FY2025 · Cash $1.2B · Long-term debt $13.2B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 346.32m +13.7% since FY2020
346.32m 304.72m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 304.72m FY2021 · 309.03m FY2022 · 307.14m FY2023 · 312.45m FY2024 · 324.43m FY2025 · 346.32m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $5.0B $5.7B $6.5B $7.0B $8.4B $9.4B
Gross margin 68% 67% 64% 65% — —
Operating income $1.4B $1.9B $1.9B $2.1B $2.4B $2.2B
Net income $750.0M $1.3B $1.5B $1.7B $1.4B $1.1B
Net margin 15% 22% 23% 24% 17% 11%
Earnings per share $1.60 $2.70 $3.26 $3.77 $3.18 $2.35
Free cash flow $804.0M $1.6B $1.4B $1.2B $1.3B $1.4B
Free cash margin 16% 28% 21% 17% 15% 15%
Cash $1.6B $1.1B $1.2B $1.1B $1.3B $1.2B
Long-term debt $12.4B $12.9B $12.8B $12.9B $13.5B $13.2B
Shareholders' equity $2.2B $2.2B $2.5B $2.9B $3.1B $3.6B
Shares outstanding 304.72m 309.03m 307.14m 312.45m 324.43m 346.32m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Oct 29, 2026 Quarterly ↗ Sep 30, 2026 29d
Aug 6, 2026 Quarterly ↗ Jun 30, 2026 37d
May 6, 2026 Quarterly ↗ Mar 31, 2026 36d
Feb 20, 2026 Annual ↗ Dec 31, 2025 51d
Oct 30, 2025 Quarterly ↗ Sep 30, 2025 30d
Aug 7, 2025 Quarterly ↗ Jun 30, 2025 38d
May 8, 2025 Quarterly ↗ Mar 31, 2025 38d
Feb 21, 2025 Annual ↗ Dec 31, 2024 52d
Nov 5, 2024 Quarterly ↗ Sep 30, 2024 36d
Aug 8, 2024 Quarterly ↗ Jun 30, 2024 39d
Apr 30, 2024 Quarterly ↗ Mar 31, 2024 30d
Feb 22, 2024 Annual ↗ Dec 31, 2023 53d

Current reports

FiledDisclosed
Oct 29, 2026 Results ↗
Aug 10, 2026 Regulation FD ↗
Aug 6, 2026 Results ↗
Jun 3, 2026 Shareholder vote ↗
May 6, 2026 Results ↗
Feb 12, 2026 Results ↗
Nov 14, 2025 Material agreement · Regulation FD ↗
Nov 10, 2025 Impairment · Regulation FD · Other events ↗
Oct 30, 2025 Results ↗
Aug 7, 2025 Results ↗
Jun 3, 2025 Shareholder vote ↗
May 8, 2025 Results ↗