Restaurant Brands International Inc.(QSR)Stock Analysis
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Rank #274 of 2,879 stocksTOP 10%
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Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
QSR Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Restaurant Brands International Inc. (QSR), a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores QSR at 71.2/100 on a 32-signal composite quality model, placing it at rank #274 of 2,879 stocks — the top 10% of the AI-ranked universe. QSR scores in the top quartile across revenue scale (85.9), institutional flow (77.5), revenue growth (75.3). Shareholder dilution risk is elevated at 45.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Restaurant Brands International Inc. reports quarterly revenue of $2.3B, net income of $445.0M, an operating margin of 26.8%. Top institutional holders of QSR by reported 13-F value include Capital World Investors, Pershing Square Capital Management, L.P., EdgePoint Investment Group, based on the most recent SEC filings. QSR trades on the NYSE exchange and files with the SEC under CIK 1618756. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate QSR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Restaurant Brands International Inc. directly from SEC EDGAR. Restaurant Brands International Inc.'s 13F Pro composite quality score has ranged between 54 and 78 since 2021, currently 71.2 — an improving long-term trajectory across 30 quarterly and live scoring snapshots.
What's Driving QSR's Business? Latest 10-Q Breakdown
✓ 29/29 datapoints verifiedAI-extracted from Restaurant Brands International Inc.'s 10-Q filed 2026-05-06 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income surged to $445M (+101% YoY) as total revenues grew to $2.3B (+7% YoY), driven by strong system-wide sales growth of 6.2% and a $30M foreign exchange gain.
Biggest Revenue Drivers
Total revenue: $2,264M+7% YoY
Higher royalty revenues from increased system-wide sales across INTL, BK, and TH segments; resumption of royalties from BK China JV.
Increases in commodity prices and CPG net sales.
Slight decline in RH segment restaurants from ongoing refranchisings, offset by growth in other segments.
Increased advertising contributions from higher system-wide sales across franchised restaurants.
Largest Expense Items
Reflects higher commodity prices and increased CPG volume.
Reflects increased marketing investments and digital programs supporting brand initiatives.
Decrease driven by refranchisings of RH segment restaurants, partially offset by PLK China and FHS Brazil start-up investments.
Lower compensation-related expenses in five franchisor segments offset by ongoing RH and BK China Transaction costs.
Margins: Operating income improved to $606M from $435M (+39% YoY), primarily due to a $30M foreign exchange gain from remeasurement of intercompany balances compared to a $75M loss in Q1 2025. Excluding this FX benefit and other non-recurring items, Adjusted Operating Income grew to $610M from $539M (+13% YoY), reflecting strong segment performance in INTL, BK, TH, and FHS.
Watch Items from the Filing
- Popeyes comparable sales declined 6.5% YoY in Q1 2026, showing persistent weakness versus BK (+5.8%) and TH (+1.6%); PLK segment Adjusted Operating Income fell to $57M from $60M YoY.
- Restaurant Holdings segment turned to negative Adjusted Operating Income of $(1)M in Q1 2026 vs. $7M in Q1 2025, as company-operated restaurants remain unprofitable during refranchising and international expansion.
- BK China JV was established January 30, 2026 with RBI holding only 17% equity interest and $66M investment; CPE Alder holds 83% control after $350M investment, reducing RBI's operational influence.
- Carrols Acquisition class action lawsuit in Delaware Court of Chancery alleges RBI coercion and director conflicts; trial scheduled for early 2027; no loss estimate disclosed due to inability to predict outcome.
- Discrete tax benefit of ~$170M expected in Q2 2026 from intra-group reorganization; favorable full-year effective tax rate impact anticipated, though subject to completion post-quarter.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$2.3B
Net Income
Q1 2026
$445.0M
Free Cash Flow
Q1 2026
$169.0M
Operating Margin
Q1 2026
26.8%
ROIC
Q1 2026
3.6%
D/E Ratio
Q1 2026
3.58
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+34.3% YoYNet Income
-37.4% YoYOperating Income
+7.4% YoYEPS (Diluted)
-37.5% YoYTotal Assets
+9.5% YoYTotal Debt
+2.2% YoYOp. Cash Flow
+29.6% YoY| Metric | FY 2025 | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $9.43B +34.3% | $7.02B +7.9% | $6.50B +13.3% | $5.74B +2.4% | $5.60B +22.4% | $4.58B |
| Net Income | $1.07B -37.4% | $1.72B +15.9% | $1.48B +18.3% | $1.25B | — | — |
| Operating Income | $2.20B +7.4% | $2.05B +8.1% | $1.90B +1.0% | $1.88B -6.4% | $2.01B +15.7% | $1.74B |
| EPS (Diluted) | $2.35 -37.5% | $3.76 +15.7% | $3.25 +20.8% | $2.69 +13.5% | $2.37 -6.7% | $2.54 |
| Total Assets | $25.61B +9.5% | $23.39B +2.8% | $22.75B -2.2% | $23.25B +4.0% | $22.36B +4.9% | $21.31B |
| Total Debt | $13.38B +2.2% | $13.09B -0.5% | $13.16B +0.2% | $13.14B +9.4% | $12.01B +0.1% | $11.99B |
| Operating Cash Flow | $1.71B +29.6% | $1.32B -11.2% | $1.49B -13.7% | $1.73B +16.9% | $1.48B +6.1% | $1.39B |
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Top Institutional Holders of QSR
Capital World Investors
$3.2B42,858,035 shPershing Square Capital Management, L.P.
$1.7B22,645,483 shEdgePoint Investment Group Inc.
$1.4B19,348,137 shROYAL BANK OF CANADA
$1.4B18,386,132 shVANGUARD CAPITAL MANAGEMENT LLC
$763.0M10,311,116 shBANK OF MONTREAL /CAN/
$667.0M9,011,952 shFMR LLC
$611.0M8,257,855 shBlackRock, Inc.
$590.4M7,989,508 shMORGAN STANLEY
$541.1M7,321,602 shGOLDMAN SACHS GROUP INC
$525.7M7,113,439 sh
| Fund | Value | Shares |
|---|---|---|
| Capital World Investors | $3.2B | 42,858,035 |
| Pershing Square Capital Management, L.P. | $1.7B | 22,645,483 |
| EdgePoint Investment Group Inc. | $1.4B | 19,348,137 |
| ROYAL BANK OF CANADA | $1.4B | 18,386,132 |
| VANGUARD CAPITAL MANAGEMENT LLC | $763.0M | 10,311,116 |
| BANK OF MONTREAL /CAN/ | $667.0M | 9,011,952 |
| FMR LLC | $611.0M | 8,257,855 |
| BlackRock, Inc. | $590.4M | 7,989,508 |
| MORGAN STANLEY | $541.1M | 7,321,602 |
| GOLDMAN SACHS GROUP INC | $525.7M | 7,113,439 |
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Is QSR a good stock to buy?
13F Pro's AI-powered analysis of Restaurant Brands International Inc. (QSR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Discretionary sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for QSR are available on the QSR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own QSR?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling QSR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Restaurant Brands International Inc.'s investment landscape.