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Restaurant Brands International Inc. (QSR) Fundamental Analysis & AI Grade 2026

QSR NYSE Retail-Eating Places A6 CIK: 0001618756
Updated This Month • Analysis: May 8, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
85% Confidence
N/A
C
85% Conf
Pending
Analysis scheduled

📊 QSR Key Takeaways

Revenue: $2.3B
Net Margin: 14.9%
Free Cash Flow: $169.0M
Current Ratio: 0.99x
Debt/Equity: 3.54x
EPS: $0.97
AI Grade: C with 85% confidence
Restaurant Brands International Inc. (QSR) receives a C fundamental grade with 85% confidence from our AI analysis based on SEC 10-K filings. With revenue of $2.3B, net profit margin of 14.9%, and return on equity (ROE) of 9.0%, Restaurant Brands International Inc. demonstrates mixed fundamentals in the Consumer sector. Below is our complete QSR stock analysis for 2026.

Is Restaurant Brands International Inc. (QSR) a Good Investment?

Claude

Despite robust 12.2% revenue growth, net income collapsed 27.8% year-over-year, signaling severe operational margin compression and deteriorating fundamental health. Extreme leverage (3.54x debt-to-equity) combined with liquidity stress (0.99x current ratio) and weak returns (9% ROE) create significant financial vulnerability.

Restaurant Brands International Inc. Key Strengths (QSR)

Claude
  • + Revenue growth of 12.2% YoY demonstrates market demand and franchise expansion
  • + Strong operating margin of 26.8% reflects operational efficiency in core business
  • + Positive free cash flow generation of $169M provides some debt service cushion

QSR Stock Risks: Restaurant Brands International Inc. Investment Risks

Claude
  • ! Net income declining 27.8% YoY despite revenue growth indicates severe margin compression and cost control issues
  • ! Critically high leverage at 3.54x debt-to-equity with $13.3B debt vs $3.7B equity limits financial flexibility
  • ! Liquidity stress with current ratio of 0.99x and quick ratio of 0.90x suggests potential near-term cash flow pressure
  • ! Anemic returns with 9% ROE and 1.4% ROA indicate poor capital efficiency
  • ! High insider activity (36 Form 4 filings in 90 days) may reflect management concern about deterioration

Key Metrics to Watch

Claude
  • * Quarterly net income and net margin trajectory to confirm if compression reverses
  • * Debt-to-equity ratio and absolute debt reduction progress
  • * Operating cash flow consistency and free cash flow sustainability relative to debt service obligations

Restaurant Brands International Inc. (QSR) Financial Metrics & Key Ratios

Revenue
$2.3B
Net Income
$338.0M
EPS (Diluted)
$0.97
Free Cash Flow
$169.0M
Total Assets
$24.9B
Cash Position
$1.0B

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

QSR Profit Margin, ROE & Profitability Analysis

Gross Margin 36.5%
Operating Margin 26.8%
Net Margin 14.9%
ROE 9.0%
ROA 1.4%
FCF Margin 7.5%

QSR vs Consumer Sector: How Restaurant Brands International Inc. Compares

How Restaurant Brands International Inc. compares to Consumer sector averages

Net Margin
QSR 14.9%
vs
Sector Avg 8.0%
QSR Sector
ROE
QSR 9.0%
vs
Sector Avg 18.0%
QSR Sector
Current Ratio
QSR 1.0x
vs
Sector Avg 1.5x
QSR Sector
Debt/Equity
QSR 3.5x
vs
Sector Avg 0.8x
QSR Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Restaurant Brands International Inc. Stock Overvalued? QSR Valuation Analysis 2026

Based on fundamental analysis, Restaurant Brands International Inc. has mixed fundamental signals relative to the Consumer sector in 2026.

Return on Equity
9.0%
Sector avg: 18%
Net Profit Margin
14.9%
Sector avg: 8%
Revenue Growth
N/A
Year-over-year
Debt/Equity
3.54x
Sector avg: 0.8x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Restaurant Brands International Inc. Balance Sheet: QSR Debt, Cash & Liquidity

Current Ratio
0.99x
Quick Ratio
0.90x
Debt/Equity
3.54x
Debt/Assets
78.7%
Interest Coverage
N/A
Long-term Debt
$13.3B

QSR Revenue & Earnings Growth: 5-Year Financial Trend

QSR 5-year financial data: Year 2021: Revenue $5.7B, Net Income $1.1B, EPS $2.37. Year 2022: Revenue $6.5B, Net Income $750.0M, EPS $1.60. Year 2023: Revenue $7.0B, Net Income $1.3B, EPS $2.69. Year 2024: Revenue $8.4B, Net Income $1.5B, EPS $3.25. Year 2025: Revenue $9.4B, Net Income $1.7B, EPS $3.76.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Restaurant Brands International Inc.'s revenue has grown significantly by 64% over the 5-year period, indicating strong business expansion. The most recent EPS of $3.76 reflects profitable operations.

QSR Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
7.5%
Free cash flow / Revenue

QSR Quarterly Earnings & Performance

Quarterly financial performance data for Restaurant Brands International Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $2.1B $221.0M $0.49
Q3 2025 $2.3B $221.0M $0.79
Q2 2025 $2.1B $221.0M $0.57
Q1 2025 $1.7B $221.0M $0.49
Q3 2024 $1.8B $277.0M $0.79
Q2 2024 $1.8B $277.0M $0.77
Q1 2024 $1.6B $277.0M $0.61
Q3 2023 $1.7B $270.0M $0.79

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Restaurant Brands International Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$227.0M
Cash generated from operations
Stock Buybacks
$32.0M
Shares repurchased (TTM)
Capital Expenditures
$58.0M
Investment in assets
Dividends Paid
$283.0M
Returned to shareholders

QSR SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Restaurant Brands International Inc. (CIK: 0001618756)

📋 Recent SEC Filings

Date Form Document Action
May 6, 2026 10-Q qsr-20260331.htm View →
May 6, 2026 8-K qsr-20260506.htm View →
Apr 23, 2026 DEF 14A d22888ddef14a.htm View →
Apr 6, 2026 4 xslF345X06/wk-form4_1775519283.xml View →
Apr 6, 2026 4 xslF345X06/wk-form4_1775519277.xml View →

Frequently Asked Questions about QSR

What is the AI rating for QSR?

Restaurant Brands International Inc. (QSR) has an AI grade of C with 85% confidence, based on fundamental analysis of SEC EDGAR filings.

What are QSR's key strengths?

Claude: Revenue growth of 12.2% YoY demonstrates market demand and franchise expansion. Strong operating margin of 26.8% reflects operational efficiency in core business.

What are the risks of investing in QSR?

Claude: Net income declining 27.8% YoY despite revenue growth indicates severe margin compression and cost control issues. Critically high leverage at 3.54x debt-to-equity with $13.3B debt vs $3.7B equity limits financial flexibility.

What is QSR's revenue and growth?

Restaurant Brands International Inc. reported revenue of $2.3B.

Does QSR pay dividends?

Restaurant Brands International Inc. pays dividends, with $283.0M distributed to shareholders in the trailing twelve months.

Where can I find QSR SEC filings?

Official SEC filings for Restaurant Brands International Inc. (CIK: 0001618756) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is QSR's EPS?

Restaurant Brands International Inc. has a diluted EPS of $0.97.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is QSR's fundamental grade?

Based on our AI fundamental analysis in May 2026, Restaurant Brands International Inc. has a C grade with 85% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is QSR stock overvalued or undervalued?

Valuation metrics for QSR: ROE of 9.0% (sector avg: 18%), net margin of 14.9% (sector avg: 8%). Compare these metrics with sector averages to assess valuation.

What is QSR's AI grade for 2026?

Our dual AI analysis gives Restaurant Brands International Inc. a combined C grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is QSR's free cash flow?

Restaurant Brands International Inc.'s operating cash flow is $227.0M, with capital expenditures of $58.0M. FCF margin is 7.5%.

How does QSR compare to other Consumer stocks?

Vs Consumer sector averages: Net margin 14.9% (avg: 8%), ROE 9.0% (avg: 18%), current ratio 0.99 (avg: 1.5).

Is Restaurant Brands International Inc. carrying too much debt?

QSR has a debt-to-equity ratio of 3.54x, which is above the Consumer sector average of 0.8x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 8, 2026 | Data as of: 2026-03-31 | Powered by Claude AI