Restaurant Brands International Inc.

QSR Consumer Cyclical Restaurants

Restaurant Brands International Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.4 billion, up 12.2% from fiscal 2024.

Revenue
+3.10%
EPS
+110.1%
Free cash flow
−8.26%
Total debt
−2.06%

Quarter to September 2026, against a year earlier

78.27 0.11 −0.14%
Market cap
$35.5B
P/E
16.3×
Fwd P/E
14.7×
Dividend yield
3.28%
F-score
6/9
Altman Z
1.41
Beneish M
−2.41
Dividend safety
30/100

Restaurant Brands International Inc. (QSR) Free cash flow margin

Alert me on Free cash flow margin

Restaurant Brands International Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 16.8%, up 1.1 percentage points from fiscal 2025 (15.8%). Over the past ten years it has ranged from 15.8% (fiscal 2025) to 30.2% (fiscal 2017) — the current reading is the lowest in ten years. That is above the Restaurants industry median of 2.47% and above the Consumer Cyclical sector median of 3.20%.

Free cash flow margin, annual

Embed this chart

Annual newest first

Period Free cash flow margin Change (points)
FY2025 15.8% (0.13)
FY2024 15.9% (1.77)
FY2023 17.7% (3.89)
FY2022 21.6% (6.96)
FY2021 28.5% 12.08
FY2020 16.4% (8.95)
FY2019 25.4% 5.09
FY2018 20.3% (9.87)
FY2017 30.2% 0.36
FY2016 29.8% 2.91

Against its own ten years

Low 15.8% High 30.2%
Ten-year median 21.6%
Current reading's percentile 9

Free cash flow margin against peers

Company Free cash flow margin
YUM Yum! Brands, Inc. compare 18.4%
QSR Restaurant Brands International Inc. 16.8%
DPZ Domino's Pizza Inc compare 13.1%
CMG Chipotle Mexican Grill, Inc. compare 11.9%
EAT Brinker International, Inc. compare 10.1%
SBUX Starbucks Corporation compare 9.83%
DRI Darden Restaurants, Inc. compare 7.95%
YUMC Yum China compare 7.46%
TXRH Texas Roadhouse, Inc. compare 7.02%
Restaurants industry median 2.47%
Consumer Cyclical sector median 3.20%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

More on QSR