OakChart

Restaurant Brands International Inc

QSRConsumer Cyclical·Restaurants·USA·Large·NYSE·Nov 11 • 12:00 PM ET

76.28-1.35 (-1.74%)
2026-11-11 18:00 CET
Market cap
35,032.63 USD m
Revenue, TTM
9,775.00 USD m
Net income, TTM
1,500.00 USD m
Free cash flow, TTM
1,455.81 USD m
EPS diluted, TTM
3.97
P/E
19.22
Compare

Price

QSR against its 20, 50 and 200-day averages
2050200beat
70.0075.0080.007.7M15.4MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26QSRclose 76.2820-day 75.3850-day 74.19200-day 74.3776.2852w high

6.9% under the 52-week high of 81.96 on 6 May 2026. 52-week low 65.43 on 13 Feb 2026. Last 15 sessions, 10.1% high to low

Profile

QSR
52-week range, 66% of the way up
65.4381.96

Restaurant Brands International, Inc. is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International, and Restaurant Holdings. The company was founded on August 25, 2014 and is headquartered in Miami, FL.

IndexRUI
Employees53500
IPODec 10, 2014
Beta0.58
ATR, 14d1.93
Rel volume0.42
Short float4.67%
Insider own23.91%
Inst own74.09%

Snapshot

6 groups

Valuation

IndexRUI
Market Cap34.42B
Enterprise Value50.71B
Income1.50B
Sales9.78B
Book/sh8.73
Cash/sh2.16
Dividend Est.2.58 (3.38%)
Dividend TTM2.57 (3.37%)
Dividend Ex-DateDec 22, 2026
Dividend Gr. 3/5Y4.71% 3.58%
Payout105.53%
Employees53500
IPODec 10, 2014

Ratios

P/E19.22
Forward P/E17.25
PEG1.80
P/S3.52
P/B8.74
P/C35.34
P/FCF23.65
EV/EBITDA17.03
EV/Sales5.19
Quick Ratio0.86
Current Ratio0.96
Debt/Eq3.98
LT Debt/Eq3.90
Option/ShortYes / Yes

Earnings

EPS (ttm)3.97
EPS next Y4.42
EPS next Q1.02
EPS this Y9.93%
EPS next Y8.99%
EPS next 5Y9.60%
EPS past 3/5Y-10.55% 7.87%
Sales past 3/5Y13.19% 13.68%
EPS Y/Y TTM53.07%
Sales Y/Y TTM5.52%
EPS Q/Q61.48%
Sales Q/Q3.10%
EarningsOct 29 BMO
EPS/Sales Surpr.1.53% -0.80%

Ownership

Insider Own23.91%
Insider Trans-0.11%
Inst Own74.09%
Inst Trans2.30%
ROA6.36%
ROE44.23%
ROIC7.77%
Gross Margin48.88%
Oper. Margin27.34%
Profit Margin15.35%
SMA201.19%
SMA502.82%
SMA2002.56%
Trades-

Technical

Shs Outstand348.60M
Shs Float343.38M
Short Float4.67%
Short Ratio5.46
Short Interest16.03M
52W High81.96 -6.93%
52W Low65.43 16.59%
Volatility2.84% 2.41%
ATR (14)1.93
RSI (14)54.92
Beta0.58
Rel Volume0.42
Avg Volume2.93M
Volume507,337

Performance

Perf Week-2.68%
Perf Month7.03%
Perf Quarter-0.40%
Perf Half Y-0.21%
Perf YTD11.80%
Perf Year10.73%
Perf 3Y10.97%
Perf 5Y33.92%
Perf 10Y75.44%
Recom1.94
Target Price85.48
Prev Close77.63
Price76.28
Change %-1.74%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 20, 2026InitiatedMMizuhoOutperform$85+11.4%
Sep 25, 2026DowngradeAArgusBuy → Hold
Sep 16, 2026InitiatedSSeaport Research PartnersBuy$88+15.4%
Mar 02, 2026UpgradeSStifelHold → Buy$90+18.0%
Mar 02, 2026UpgradePPiper SandlerNeutral → Overweight$84+10.1%
Dec 02, 2025UpgradeAArgusHold → Buy$85+11.4%
Sep 12, 2025DowngradeNNorthcoastBuy → Neutral
Aug 15, 2025DowngradeAArgusBuy → Hold
Jul 14, 2025InitiatedMMeliusBuy$90+18.0%
Jun 18, 2025ResumedBScotiabankSector Perform$75-1.7%

Peers

Mkt cap
TickerCompanyMkt cap
YUMYum Brands Inc42.68B
MCDMcDonald's Corp194.69B
WENWendy's Co1.57B
JMKEJersey Mike's Subs Inc6.32B
DPZDominos Pizza Inc10.63B
SBUXStarbucks Corp124.57B
JACKJack In The Box Inc271.38M
WINGWingstop Inc4.54B
YUMCYum China Holdings Inc16.48B
PZZAPapa John's International Inc631.86M

Insider trading

latest 14 of 83
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Schwan AxelPres., Tim Hortons US & CanadaSep 04 '26Option Exercise61.1470,0004,280,100267,482Sep 09 05:02 PM
Schwan AxelPres., Tim Hortons US & CanadaSep 04 '26Sale81.1457,5744,671,716209,908Sep 09 05:02 PM
AXEL SCHWANOfficerSep 04 '26Proposed Sale81.1457,5744,671,716Sep 04 04:03 PM
CURTIS THOMAS BENJAMINPres., BK US & CAAug 21 '26Sale80.7264,0005,166,04838,216Aug 25 04:40 PM
THOMAS CURTISOfficerAug 21 '26Proposed Sale80.7264,0035,166,290Aug 21 07:09 PM
Housman JeffreySee RemarksMar 20 '26Option Exercise55.5520,0001,111,000182,077Mar 20 05:03 PM
Housman JeffreySee RemarksMar 20 '26Sale73.4820,0001,469,616162,077Mar 20 05:03 PM
JEFFREY HOUSMANOfficerMar 20 '26Proposed Sale73.4820,0001,469,616Mar 20 04:48 PM
Friesner JacquelineSee RemarksMar 16 '26Sale74.6130,0002,238,315165,727Mar 18 05:11 PM
Kobza JoshuaChief Executive OfficerMar 18 '26Option Exercise56.92200,00011,384,0001,160,769Mar 18 05:11 PM
Kobza JoshuaChief Executive OfficerMar 18 '26Sale75.05200,00015,009,900960,769Mar 18 05:11 PM
Granat JillSee RemarksMar 16 '26Option Exercise56.9225,0001,423,000503,845Mar 18 05:11 PM
Granat JillSee RemarksMar 18 '26Option Exercise56.9225,0001,423,000503,845Mar 18 05:11 PM
Granat JillSee RemarksMar 18 '26Sale75.0925,0001,877,128478,845Mar 18 05:11 PM

Held by

AUM
TickerCompanyAUM
IWRiShares Russell Mid-Cap ETFAUM: 58.68B
IWPiShares Russell Mid-Cap Growth ETFAUM: 18.09B
IWFiShares Russell 1000 Growth ETFAUM: 116.57B
DUSADavis Select U.S. Equity ETFAUM: 1.32B
IWDiShares Russell 1000 Value Index FundAUM: 84.71B
VONGVanguard Russell 1000 Growth Index ETFAUM: 43.99B
DIHPDimensional International High Profitability ETF-
IWBiShares Russell 1000 ETFAUM: 47.69B
PIDInvesco International Dividend Achievers ETFAUM: 881.07M
IWSiShares Russell Mid-Cap Value ETFAUM: 15.08B

News

latest 14 of 206
  • Krispy Kreme Shares Up 30% After EPS Surprise (Exec Edge)
  • Burger King's chicken nuggets just got a Whopper-like makeover fries are next (Yahoo Finance)
  • Restaurant Brands Internationals net income rises to $542m in Q3 (Verdict Food Service)
  • Restaurant Brands Tops Consensus But Misses The Whisper As Burger King's Surge Is Offset By A Stalled Popeyes Turnaround And Slowing Growth (Earnings Whispers)
  • Restaurant Brands Q3 Profit Exceeds Forecasts Despite Revenue Miss (InvestorsHub)
  • Loading…
  • Popeyes wing cuts and value miss drag sales, Burger King stays hot (Restaurant Dive)
  • Restaurant Brands: Q3 Earnings Snapshot (Associated Press)
  • Restaurant Brands International Inc. Reports Third Quarter 2026 Results (PR Newswire)
  • RBC flags earnings upside at Chipotle, Burger King parent and Jersey Mikes (Investing.com)
  • Restaurant Brands Needs Tim Hortons Canada To Rebound As Burger King Carries The Load (Earnings Whispers)
  • What Are Starbucks Stock Bulls Not Worried About? (Trefis)
  • Domino's Pizza Stock Is Waiting On One Answer (Trefis)
  • How Risky Is Chipotle Stock? (Trefis)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-291.1001.0831.5402,5252,54524
2026Q22026-08-061.0701.0351.4462,5202,52123
2026Q12026-05-060.8600.8280.7362,2642,24427
2025Q42026-02-120.9600.9470.2472,4662,41228
2025Q32025-10-301.0300.9990.9542,4492,39128
2025Q22025-08-070.9400.9680.5762,4102,34127
2025Q12025-05-080.7500.7820.4852,1092,15026
2024Q42025-02-120.8100.7840.7912,2962,28926
2024Q32024-11-050.9300.9500.7842,2912,35026
2024Q22024-08-080.8600.8630.8812,0802,10226
2024Q12024-04-300.7300.7210.7221,7391,69925
2023Q42024-02-130.7500.7331.6031,8201,80225
2023Q32023-11-030.9000.8500.7911,8371,86727
2023Q22023-08-080.8500.7670.7641,7751,74525
2023Q12023-05-020.7500.6380.6051,5901,56225
2022Q42023-02-140.7200.7390.7391,6891,67324

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY2.7202.7022.3655,6035,588
2020FY2.0302.1591.5984,9684,960
2021FY2.8202.7732.6925,7395,708
2022FY3.1403.1513.2516,5056,489
2023FY3.2403.2383.7617,0226,998
2024FY3.3403.3443.1768,4068,403
2025FY3.6903.6792.6309,4349,369
2026FY-4.057--9,838
2027FY-4.421--9,848
2028FY-4.858--9,802
2029FY-5.312--10,275
2030FY-5.860--9,975

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-0621642,5302,4402,617
2026Q4S2026-11-0221642,5312,4402,617
2026Q4S2026-10-3021642,5312,4402,617
2026Q4S2026-10-2921632,5352,4402,617
2026Q4S2026-10-2621202,5312,4372,612
2026Q4S2026-10-2321202,5312,4372,612
2026Q4S2026-10-2221202,5312,4372,612
2026Q4S2026-10-2121202,5312,4372,612
2026Q4S2026-10-2021212,5322,4372,612
2026Q4S2026-10-1921432,5332,4512,612
2026Q4S2026-10-1620432,5332,4512,612
2026Q4S2026-10-1320532,5342,4512,612
2026Q4S2026-10-0620532,5332,4512,612
2026Q4S2026-09-2820532,5322,4512,612

Estimate history

EPS, annual0.8222.4172.3651.5982.6923.2513.7613.1762.353.9698
Period201720182019202020212022202320242025TTM
EPS, quarterly0.7840.7910.4850.5760.9540.2470.7361.4461.541
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual4576.1535756034968573965057022840694349775
Period201720182019202020212022202320242025TTM
Sales, quarterly229122962109241024492466226425202525
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual243.899251.532298.281304.719309.025307.142312.455324.427346.323451.527
Period201720182019202020212022202320242025MRQ
Shares, quarterly323.705324.427327.629327.777327.807346.323347.325452.077451.527
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue9,775.009,434.008,406.007,022.006,505.005,739.004,968.005,603.005,357.00
Cost of Goods Sold Incl. D&A4,997.004,888.004,055.002,954.002,863.002,392.002,159.002,377.002,259.00
Gross Profit4,778.004,546.004,351.004,068.003,642.003,347.002,809.003,226.003,098.00
Selling, General and Administrative Excl. Other2,106.002,048.002,021.001,920.001,613.001,434.001,229.001,208.001,139.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income2,672.002,498.002,330.002,148.002,029.001,913.001,580.002,018.001,959.00
Interest Expense693.00740.00804.00766.00542.00428.00484.00596.00591.00
Unusual Expense-46.00-30.0022.0013.0025.0065.0058.00-3.0014.00
Net Income Before Taxes2,140.001,684.001,809.001,453.001,409.001,367.00855.001,441.001,360.00
Income Taxes52.00483.00364.00-265.00-117.00110.0066.00341.00238.00
Consolidated Net Income2,088.001,201.001,445.001,718.001,482.001,253.00750.001,111.001,144.00
Net Income From Continuing Operations1,619.00902.001,021.001,190.001,008.00838.00486.00643.00612.00
Net Income1,500.00776.001,021.001,190.001,008.00838.00486.00643.00612.00
EPS (Recurring)3.912.303.213.783.292.791.692.362.44
EPS (Basic, Before Extraordinaries)4.322.363.203.813.282.701.612.402.46
EPS (Diluted)3.972.353.183.763.252.691.602.362.42
EBITDA2,977.002,799.002,594.002,339.002,219.002,114.001,769.002,203.002,139.00
Non-Operating Income (Expense)115.00-104.00305.0084.00-53.00-53.00-183.0016.006.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense-108.23127.19153.26115.6074.9754.3949.9840.43
Price To Earnings Ratio19.5619.5616.3426.9520.8222.3837.9226.5821.29
Price To Sales Ratio3.323.313.525.074.524.915.765.344.62
Gross Margin48.8848.1951.7657.9355.9958.3256.5457.5857.83
Operating Margin27.3426.4827.7230.5931.1933.3331.8036.0236.57
Net Margin15.358.2312.1516.9515.5014.609.7811.4811.42
Shares Outstanding451.53346.32324.43312.45307.14309.03304.72298.28251.53
Market Capitalization35,032.6335,032.6321,099.2224,318.1219,782.8819,118.5718,571.5129,566.5813,143.83

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue2,525.002,520.002,264.002,466.002,449.002,410.002,109.002,296.00
Cost of Goods Sold Incl. D&A1,280.001,282.001,140.001,295.001,264.001,232.001,068.001,553.00
Gross Profit1,245.001,238.001,124.001,171.001,185.001,178.001,041.00743.00
Selling, General and Administrative Excl. Other530.00545.00513.00518.00504.00531.00489.00185.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income715.00693.00611.00653.00681.00647.00552.00558.00
Interest Expense172.00170.00171.00180.00187.00187.00186.00194.00
Unusual Expense-15.00-16.00-10.00-5.00-13.000.00-6.00-6.00
Net Income Before Taxes571.00592.00483.00494.00534.00351.00305.00500.00
Income Taxes-133.00-73.0038.00220.0094.0087.0082.00139.00
Consolidated Net Income704.00665.00445.00274.00440.00264.00223.00361.00
Net Income From Continuing Operations542.00507.00338.00232.00319.00190.00161.00259.00
Net Income542.00507.00338.00113.00315.00189.00159.00259.00
EPS (Recurring)1.521.420.720.240.930.580.480.78
EPS (Basic, Before Extraordinaries)1.551.460.970.340.960.580.490.80
EPS (Diluted)1.541.450.740.250.950.580.480.79
EBITDA789.00770.00689.00729.00757.00724.00623.00635.00
Non-Operating Income (Expense)13.0053.0033.0016.0027.00-109.00-67.00130.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense23.70-24.4930.0222.9122.9134.7637.92
Price To Earnings Ratio19.5628.8532.6824.3224.3422.5420.9716.34
Price To Sales Ratio3.323.443.543.313.163.333.463.53
Gross Margin49.3149.1349.6547.4948.3948.8849.3632.36
Operating Margin28.3227.5026.9926.4827.8126.8526.1724.30
Net Margin21.4720.1214.934.5812.867.847.5411.28
Shares Outstanding451.53452.08347.33346.32327.81327.78327.63324.43
Market Capitalization35,032.6325,159.8125,606.6522,366.6121,025.2221,719.4521,657.0021,099.22

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments1,163.001,334.001,139.001,178.001,087.001,560.001,533.00913.001,073.40
Short Term Receivables794.00698.00749.00614.00547.00536.00527.00452.00455.90
Inventories205.00142.00166.00133.0096.0096.0084.0075.0078.00
Other Current Assets668.00108.00119.00123.0086.0072.0052.0060.00142.30
Total Current Assets2,830.002,282.002,173.002,048.001,816.002,264.002,196.001,500.001,749.60
Net Property, Plant & Equipment4,264.004,088.003,074.003,032.003,165.003,183.003,183.001,996.002,133.30
Total Investments and Advances169.00390.00360.00607.00324.00271.00343.00259.00155.10
Long-Term Note Receivable-------54.0071.30
Intangible Assets17,496.0016,908.0016,882.0016,679.0017,423.0016,440.0016,214.0015,949.0016,844.50
Other Assets856.00964.00902.00380.00518.00619.00424.00383.00269.70
Total Assets25,615.0024,632.0023,391.0022,746.0023,246.0022,777.0022,360.0020,141.0021,223.50
Short Term Debt Incl. Current Port. of LT Debt268.00415.00248.00264.00236.00248.00227.0091.0078.20
Accounts Payable866.00765.00790.00758.00614.00464.00644.00513.00412.90
Income Tax Payable188.00228.00129.00190.00106.00122.00126.00113.00401.00
Other Current Liabilities1,569.00956.00977.00904.00922.00767.00706.00691.00762.90
Total Current Liabilities2,891.002,364.002,144.002,116.001,878.001,601.001,703.001,408.001,655.00
Long Term Debt15,411.0015,511.0014,225.0014,177.0014,319.0013,794.0013,136.0012,049.0012,044.70
Provision for Risks Charges23.0023.0034.0040.0047.0070.0065.0064.0072.00
Deferred Tax Liabilities1,120.001,208.001,296.001,313.001,374.001,425.001,564.001,519.001,508.10
Other Liabilities1,011.00683.00962.00832.001,775.002,166.001,633.001,483.001,383.10
Total Liabilities20,456.0019,789.0018,661.0018,478.0019,393.0019,056.0018,101.0016,523.0016,662.90
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity3,634.003,110.002,866.002,499.002,237.002,167.002,490.001,611.002,226.40
Total Shareholders Equity3,634.003,110.002,866.002,499.002,237.002,167.002,490.001,611.002,226.40
Accumulated Minority Interest1,525.001,733.001,864.001,769.001,616.001,554.001,769.002,007.002,334.20
Total Equity5,159.004,843.004,730.004,268.003,853.003,721.004,259.003,618.004,560.60
Total Liabilities & Stockholders Equity25,615.0024,632.0023,391.0022,746.0023,246.0022,777.0022,360.0020,141.0021,223.50
Book Value Per Share10.499.599.178.147.247.118.356.409.13
Tangible Book Value Per Share-40.03-42.53-44.86-46.17-49.14-46.84-46.01-57.00-59.93
Full-Time Employees53,50037,6009,0006,4005,7005,2006,3006,0006,200
Price to Book Ratio8.906.528.548.558.388.597.648.176.83
Return on Assets3.594.255.164.383.642.153.032.963.22
Return on Equity26.7534.1744.3642.5738.0620.8731.3631.9017.96
Return on Invested Capital4.075.486.966.045.063.044.114.484.55
Quick Ratio0.910.910.940.910.921.351.241.011.01
Current Ratio0.980.971.010.970.971.411.291.071.06

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income2,057.411,201.001,445.001,718.001,482.001,253.00750.001,111.001,144.00
Depreciation299.79301.00264.00191.00190.00201.00189.00185.00180.00
Other Funds (Non Cash)-149.58127.00-92.0069.00214.00120.00353.0045.00-13.00
Funds from Operations1,863.961,726.001,612.001,548.001,826.001,569.001,084.001,399.001,340.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-128.98-112.00-109.00-269.00-336.00138.00-206.0077.00-175.00
Cash from Operating Activities1,734.981,614.001,503.001,279.001,490.001,707.00878.001,476.001,165.00
Capital Expenditures-279.17-265.00-201.00-120.00-100.00-106.00-117.00-62.00-86.00
Net Assets From Acquisitions-7.88-152.00-540.000.00-12.00-1,004.000.000.000.00
Sale of Fixed Assets and Businesses65.1238.0034.0037.0012.0016.000.000.008.00
Purchase or Sale of Investments0.000.000.000.000.000.000.000.0016.00
Purchase of Investments0.000.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.0016.00
Other Uses-43.80-21.00-27.00-18.00-35.00-14.00-7.000.000.00
Other Sources40.5676.0074.00112.0071.005.0045.0032.0018.00
Cash from Investing Activities-225.18-324.00-660.0011.00-64.00-1,103.00-79.00-30.00-44.00
Cash Dividends Paid-1,137.54-1,108.00-1,029.00-990.00-971.00-974.00-959.00-901.00-728.00
Change in Capital Stock-383.0733.0078.00-440.00-275.00-491.00-298.00102.00-560.00
Repurchase of Common Pref Stock-439.380.000.00-500.00-326.00-551.00-380.000.00-621.00
Sale of Common Pref Stock56.3033.0078.0060.0051.0060.0082.00102.0061.00
Proceedsfrom Stock Options0.000.000.000.0030.000.000.000.000.00
Issuance or Reduction of Debt, Net-311.96-427.00219.00-37.00-92.00446.00527.00-66.00-2.00
Change in Long Term Debt-311.96-427.00219.00-37.00-92.00446.00527.00-66.00-2.00
Issuance of Long Term Debt0.000.002,409.0055.002.001,335.005,235.002,200.0072.00
Reduction of Long Term Debt-311.96-427.00-2,190.00-92.00-94.00-889.00-4,708.00-2,266.00-74.00
Net Financing Active Other Cash Flow67.0991.00107.00137.0031.00-55.00-48.0023.005.00
Other Financing Activities Uses-1.00-1.00-2.00-4.00-3.00-55.00-48.000.000.00
Cash from Financing Activities-1,765.48-1,411.00-625.00-1,330.00-1,307.00-1,074.00-778.00-842.00-1,285.00
Exchange Rate Effect-10.0816.00-23.001.00-28.00-3.006.0016.00-20.00
Net Change in Cash-265.77-105.00195.00-39.0091.00-473.0027.00620.00-184.00
Free Cash Flow1,455.811,349.001,302.001,159.001,390.001,601.00761.001,414.001,079.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow102.06129.38108.39210.8170.2344.91-58.3070.48
Deferred Taxes & Investment Tax Credit-97.00-5.00-430.00-60.00-5.00-208.0058.0029.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments974.001,063.001,012.001,163.001,206.001,026.00
Short Term Receivables799.00800.00767.00794.00761.00778.00
Inventories237.00224.00203.00205.00216.00167.00
Other Current Assets300.00256.00172.00668.00832.00817.00
Total Current Assets2,310.002,343.002,154.002,830.003,015.002,788.00
Net Property, Plant & Equipment4,249.004,194.004,233.004,264.004,167.004,152.00
Total Investments and Advances359.00335.00280.00169.00184.00214.00
Intangible Assets17,046.0017,128.0017,330.0017,496.0017,351.0017,580.00
Other Assets1,299.001,022.00883.00856.00952.00954.00
Total Assets25,263.0025,022.0024,880.0025,615.0025,669.0025,688.00
Short Term Debt Incl. Current Port. of LT Debt304.00294.00286.00268.00316.00422.00
Accounts Payable816.00884.00813.00866.00826.00763.00
Income Tax Payable262.00180.00114.00188.00220.00173.00
Other Current Liabilities1,035.00956.00965.001,569.001,485.001,396.00
Total Current Liabilities2,417.002,314.002,178.002,891.002,847.002,754.00
Long Term Debt15,368.0015,357.0015,397.0015,411.0015,526.0015,545.00
Provision for Risks Charges25.0024.0024.0023.0024.0024.00
Deferred Tax Liabilities1,055.001,056.001,083.001,120.001,154.001,205.00
Other Liabilities870.00876.00907.001,011.00953.001,070.00
Total Liabilities19,735.0019,627.0019,589.0020,456.0020,504.0020,598.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity3,940.003,850.003,743.003,634.003,381.003,317.00
Total Shareholders Equity3,940.003,850.003,743.003,634.003,381.003,317.00
Accumulated Minority Interest1,588.001,545.001,548.001,525.001,784.001,773.00
Total Equity5,528.005,395.005,291.005,159.005,165.005,090.00
Total Liabilities & Stockholders Equity25,263.0025,022.0024,880.0025,615.0025,669.0025,688.00
Book Value Per Share8.738.5210.7810.4910.3110.12
Tangible Book Value Per Share-29.03-29.37-39.12-40.03-42.62-43.51
Full-Time Employees---53,500--
Price to Book Ratio8.906.737.046.626.346.97
Return on Assets6.365.514.343.593.663.41
Return on Equity44.2338.9631.4626.7528.0827.00
Return on Invested Capital2.812.641.770.591.671.00
Quick Ratio0.860.920.900.910.980.95
Current Ratio0.961.010.990.981.061.01

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income690.28659.84445.00262.29445.65272.59
Depreciation72.3476.2878.0073.1877.8579.61
Other Funds (Non Cash)8.27-17.72-43.00-97.130.52139.88
Funds from Operations524.73553.40431.00354.83496.58485.21
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital16.18-26.92-204.0085.76103.22-26.22
Cash from Operating Activities540.91526.48227.00440.59599.80459.00
Capital Expenditures-70.62-50.49-58.00-100.05-61.71-39.80
Net Assets From Acquisitions-9.900.000.002.010.35-3.68
Sale of Fixed Assets and Businesses20.5911.8521.0011.6814.192.21
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses-10.820.06-12.00-21.040.000.00
Other Sources13.6911.8716.00-1.0136.4619.71
Cash from Investing Activities-57.05-26.72-33.00-108.41-10.71-21.56
Cash Dividends Paid-289.59-293.31-283.00-271.64-285.10-291.59
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-261.46-130.37-4.0012.76-0.057.35
Repurchase of Common Pref Stock-270.17-137.21-32.000.000.000.00
Sale of Common Pref Stock8.706.8428.0012.76-0.057.35
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-28.37-28.73-28.00-226.86-133.88-34.16
Change in Long Term Debt-28.37-28.73-28.00-226.86-133.88-34.16
Issuance of Long Term Debt0.000.000.000.000.000.00
Reduction of Long Term Debt-28.37-28.73-28.00-226.86-133.88-34.16
Net Financing Active Other Cash Flow10.788.929.0038.3917.1818.62
Other Financing Activities Uses1.00-1.000.00-1.000.000.00
Cash from Financing Activities-568.64-443.50-306.00-447.35-401.84-299.78
Exchange Rate Effect-2.92-4.96-3.000.80-4.1016.33
Net Change in Cash-87.7151.30-115.00-114.36183.15153.99
Free Cash Flow470.28475.99169.00340.54538.10419.20
Price to Free Cash Flow102.0685.40101.10129.1194.74108.43

Revenue breakdown

Advertising2024: 1.22B 2025: 1.23B
Consolidation, Policy2024: 411.00M 2025: 477.00M
Franchisor2024: 163.00M 2025: 165.00M
Product2024: 4.30B 2025: 5.26B
Royalty2024: 2.31B 2025: 2.31B
Canada2024: 3.68B 2025: 3.85B
Others2024: 939.00M 2025: 1.03B
United States2024: 3.78B 2025: 4.56B
Burger King2024: 1.33B 2025: 1.32B
Consolidation, Policy2025: 1.00M
Firehouse Subs2024: 214.00M 2025: 232.00M
International2024: 935.00M 2025: 998.00M
Popeyes Louisiana Kitchen2024: 768.00M 2025: 800.00M
Restaurant Holdings2024: 1.12B 2025: 1.84B
Tim Hortons2024: 4.04B 2025: 4.25B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-304.67%16.0M343.4M2.90M
2026-10-154.96%17.1M343.8M2.78M
2026-09-305.34%18.3M343.8M2.83M
2026-09-155.54%19.0M343.8M2.77M
2026-08-315.54%18.9M341.4M2.92M
2026-08-145.30%18.1M341.3M2.98M
2026-07-315.22%17.8M341.5M3.28M
2026-07-155.49%18.8M341.9M3.46M
2026-06-305.11%17.5M341.9M3.40M
2026-06-155.29%18.1M341.9M3.62M
2026-05-295.10%17.4M341.9M3.64M
2026-05-154.98%17.0M341.9M3.64M
2026-04-304.52%15.4M341.5M3.52M
2026-04-154.45%15.2M341.3M3.43M
2026-03-313.91%13.4M341.5M3.44M
2026-03-133.16%10.8M341.5M3.12M
2026-02-273.14%10.7M341.5M2.86M
2026-02-133.25%11.1M341.5M2.94M
2026-01-303.14%10.7M341.0M2.82M
2026-01-152.41%8.2M341.0M2.76M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call42.5033.2034.800.002.8440.000.000.982-0.0500.005
call45.0030.8032.200.002.4860.000.000.981-0.0490.005
call47.5028.4029.900.002.4530.000.000.979-0.0480.006
call50.0025.8027.400.002.2310.000.000.977-0.0480.006
call55.0020.9022.400.001.8410.000.000.972-0.0460.008
call60.0015.9017.400.001.4310.000.000.965-0.0440.009
call62.5013.4014.900.001.2870.000.000.959-0.0420.010
call65.0010.9012.409.921.10950.000.000.952-0.0410.012
call67.508.309.808.750.9003.000.000.942-0.0380.014
call70.006.007.306.850.72080.000.000.911-0.0440.019
call72.503.704.604.500.4861450.000.812-0.0670.032
call75.001.802.404.000.3505810.000.640-0.0830.045
call77.500.701.050.790.3268161.000.398-0.0880.046
call80.000.100.450.550.3451180.000.209-0.0690.034
call82.500.000.150.200.3541590.000.085-0.0380.019
call85.000.000.450.240.4471.000.000.066-0.0380.015
call87.500.000.450.050.53969.000.000.056-0.0410.014
call90.000.000.450.850.6262.000.000.050-0.0430.012
call95.000.000.450.000.7800.000.000.041-0.0460.011
call1000.000.450.000.9250.000.000.036-0.0480.009
call1050.000.450.001.0540.000.000.032-0.0510.009
call1100.000.450.001.1770.000.000.029-0.0520.008
call1150.002.100.001.2920.000.000.027-0.0540.008
put42.500.000.250.001.8790.000.00-0.017-0.0520.005
put45.000.000.450.001.7140.000.00-0.018-0.0510.005
put47.500.000.450.001.5590.000.00-0.020-0.0500.006
put50.000.000.450.001.4150.000.00-0.022-0.0490.006
put55.000.000.450.071.1311.000.00-0.027-0.0470.008
put60.000.000.450.050.87510.000.00-0.034-0.0440.009
put62.500.000.450.100.7455.000.00-0.040-0.0420.010
put65.000.000.150.050.6222,1480.00-0.047-0.0400.012
put67.500.000.500.230.50125.000.00-0.057-0.0380.014
put70.000.000.150.050.3782110.00-0.089-0.0440.019
put72.500.150.350.150.3387147.00-0.181-0.0650.032
put75.000.500.950.500.31424.000.00-0.368-0.0830.045
put77.501.652.401.300.36216.000.00-0.602-0.0860.046
put80.003.104.305.670.39525.000.00-0.790-0.0670.034
put82.505.106.707.130.4690.000.00-0.913-0.0360.019
put85.007.709.3010.890.6222.000.00-0.934-0.0360.015
put87.5010.2011.809.640.7310.000.00-0.943-0.0380.014
put90.0012.7014.200.000.7890.000.00-0.949-0.0400.012
put95.0017.7019.300.001.0640.000.00-0.958-0.0420.011
put10022.7024.400.001.2850.000.00-0.963-0.0440.009
put10527.7029.200.001.3460.000.00-0.967-0.0460.009
put11032.7034.300.001.5490.000.00-0.970-0.0470.008
put11536.8040.000.001.9790.000.00-0.972-0.0480.008

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-10-30SCHEDULE 13GSEC
2026-10-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-298-KCurrent report2026-10-29SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-09-094Statement of changes in beneficial ownership of securities2026-09-04SEC
2026-09-04144Filing for proposed sale of securities under Rule 144.SEC
2026-08-254Statement of changes in beneficial ownership of securities2026-08-21SEC
2026-08-21144Filing for proposed sale of securities under Rule 144.SEC
2026-08-14SCHEDULE 13G/ASEC
2026-08-124Statement of changes in beneficial ownership of securities2026-08-10SEC
2026-08-12SCHEDULE 13D/ASEC
2026-08-108-KCurrent report2026-08-10SEC
2026-08-10SCHEDULE 13D/ASEC
2026-08-0610-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-068-KCurrent report2026-08-06SEC
2026-07-094Statement of changes in beneficial ownership of securities2026-07-07SEC
2026-07-094Statement of changes in beneficial ownership of securities2026-07-07SEC
2026-07-094Statement of changes in beneficial ownership of securities2026-07-07SEC
2026-07-094Statement of changes in beneficial ownership of securities2026-07-07SEC
2026-07-094Statement of changes in beneficial ownership of securities2026-07-07SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-09004.67M1
2026-08005.17M1
2026-070000
2026-060000
2026-050000
2026-040000
2026-030029.21M8
2026-02007.22M9
2026-01001.00M10
2025-12004.92M11
2025-11003.55M2

Institutional holders

Manager% owned
Capital World Investors12.64%
PERSHING SQUARE INC.7.44%
ROYAL BANK OF CANADA5.83%
EdgePoint Investment Group Inc.4.95%
BlackRock, Inc.4.39%
VANGUARD CAPITAL MANAGEMENT LLC3.02%
BANK OF MONTREAL /CAN/2.56%
GOLDMAN SACHS GROUP INC2.11%
BAUPOST GROUP LLC/MA1.95%
GEODE CAPITAL MANAGEMENT, LLC1.64%

Funds

Fund% owned
Pershing Square USA, Ltd.71.60%
New Perspective Fund3.37%
American Funds Fundamental Investors2.83%
Income Fund of America2.36%
American Balanced Fund1.92%
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND1.45%
Lord Abbett Floating Rate Fund1.10%
BlackRock Equity Dividend Fund1.02%
VANGUARD DEVELOPED MARKETS INDEX FUND0.96%
iShares Flexible Income Active ETF0.72%

OakChart. QSR. Cached 15 minutes.