Pricing Log in Create free account
Friday 6 November 2026 Export QSR’s income statement to Excel — free account

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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Restaurant Brands International Inc. (QSR) Gross margin

Alert me on Gross margin

Restaurant Brands International Inc.'s gross margin over the twelve months to 30 September 2026 was 48.7%, up 0.5 percentage points from fiscal 2025 (48.2%). Over the past ten years it has ranged from 42.9% (fiscal 2015) to 58.6% (fiscal 2021); the current reading is higher than 27% of that period. That is above the Restaurants industry median of 38.9% and above the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

Embed this chart

Annual newest first

Period Gross margin Change (points)
FY2025 48.2% (3.56)
FY2024 51.8% (6.23)
FY2023 58.0% 1.53
FY2022 56.5% (2.05)
FY2021 58.6% 1.32
FY2020 57.2% (0.77)
FY2019 58.0% (0.19)
FY2018 58.2% 9.06
FY2017 49.1% 1.75
FY2016 47.4% 4.45

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 49.4% 0.26
Jun 2026 49.1% 0.37
Mar 2026 48.8% 1.23
Dec 2025 47.5% (0.86)
43 more quarters

Against its own ten years

Low 42.9% High 58.6%
Ten-year median 56.5%
Current reading's percentile 30

Gross margin against peers

Company Gross margin
SBUX Starbucks Corporation compare 67.7%
YUM Yum! Brands, Inc. compare 67.4%
QSR Restaurant Brands International Inc. 48.7%
DPZ Domino's Pizza Inc compare 40.0%
CMG Chipotle Mexican Grill, Inc. compare 23.8%
DRI Darden Restaurants, Inc. compare 21.7%
EAT Brinker International, Inc. compare 19.0%
TXRH Texas Roadhouse, Inc. compare 15.7%
YUMC Yum China compare 0.00%
Restaurants industry median 38.9%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

More on QSR