Feed / QSR

Restaurant Brands International Inc.

QSR

Consumer Cyclical · 76.14 -1.1% today

Isolated · not yet confirmedMarket checked 11 Sept, 10:00 GMT-4

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.

Company-1.1% todayVolume comparison unavailable
Market group0 of 1 activeQuick-Service Restaurants · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Consumer Cyclical · Restaurants

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.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • QSR's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements145
Verified relationships3
Evidence supporting the case
  • Latest annual revenue changed +12.2% year over year.
Evidence challenging the case
  • 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.
Questions before a position
  • EV/sales is 177% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

76.49
6m+6.2%12m+23.7%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$5.7B+15.5%$2.69-0.9%
2022-12-31$6.5B+13.3%$3.25-1.9%
2023-12-31$7.0B+7.9%$3.76+0.2%
2024-12-31$8.4B+19.7%$3.18-0.4%
2025-12-31$9.4B+12.2%$2.35+0.7%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 5 filings
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
Energy and commodity pricesmixed · 5 filings
These factors were partially offset by higher Supply chain cost of sales primarily due to higher commodity prices.
10-Q · Aug 6, 2026
Foreign exchangemixed · 5 filings
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
Supply chain and availabilitymixed · 5 filings
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.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

76.14-1.1% today

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.