“30, 2026 2025 2026 2025 Interest expense, net $ 124 $ 132 $ 247 $ 262 Weighted average interest rate on long-term debt 4.4 % 4.5 % 4.4 % 4.5 % During the three and six months ended June 30, 2026, interest expense, net decreased primarily due to a decrease in…”10-Q · Aug 6, 2026 ↗
Restaurant Brands International Inc.
QSR
Market read
Restaurant Brands International Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- QSR's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if QSR's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- QSR's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +12.2% year over year.
- Operating margin changed -5.4 percentage points in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 5 filings.
- Energy and commodity prices has repeated adverse evidence across 5 filings.
- Foreign exchange has repeated adverse evidence across 5 filings.
- Supply chain and availability has repeated adverse evidence across 5 filings.
- Restructuring and cost reductions has repeated adverse evidence across 4 filings.
- EV/sales is 177% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
76.49Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“These factors were partially offset by higher Supply chain cost of sales primarily due to higher commodity prices.”10-Q · Aug 6, 2026 ↗
“During the three months ended March 31, 2026, the increase in Income from operations was primarily driven by a net gain on foreign exchange arising from remeasurement of foreign denominated assets and liabilities, primarily related to intercompany financing c…”10-Q · May 6, 2026 ↗
“These factors were partially offset by higher Supply chain cost of sales primarily due to higher commodity prices.”10-Q · Aug 6, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.7× · EV/sales 5.1×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 10:00 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for QSR. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for QSR. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind QSR
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
SJMThe J. M. Smucker CompanypartnerJun 18, 2025 ▾
“Canada coffee Folgers Tim Hortons (A) Restaurant Brands International Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
QSR is currently a Leader in the organic co-movement group Quick-Service Restaurants. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for QSR; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.