What is the 13F Pro Quality Score for QSR?

13F Pro ranks Restaurant Brands International Inc. (QSR) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View QSR's current score at https://13fpro.ai/company/QSR (free sign-up required for the full ranking).

Where does 13F Pro source QSR data?

All Restaurant Brands International Inc. fundamentals and ownership data come directly from SEC EDGAR. Restaurant Brands International Inc. files with the SEC under CIK 1618756. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is QSR in?

Restaurant Brands International Inc. (QSR) is classified in the Consumer Discretionary sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/consumer-discretionary.

What drives QSR's revenue?

Per Restaurant Brands International Inc.'s latest 10-Q filed with the SEC on 2026-08-06, the biggest revenue drivers are: Tim Hortons (TH) ($1,137M, +5.0% YoY); Restaurant Holdings (RH) ($506M, +7.9% YoY); Burger King (BK) ($342M, +1.2% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/QSR.

What are QSR's largest expenses?

Restaurant Brands International Inc.'s latest 10-Q reports these as the largest expense items: Supply chain cost of sales ($635M, +7.8% YoY); Company restaurant expenses ($508M, +2.0% YoY); Advertising expenses and other services ($369M, +1.4% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is QSR research updated on 13F Pro?

QSR's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Restaurant Brands International Inc.(QSR)Stock Analysis

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

Consumer Discretionary →NYSElarge

Institutional-grade research for retail investors

SEC EDGAR: CIK 1618756 QSR stock profile & AI dashboard →

13F Pro Quality Score

69.7/100

Rank #248 of 2,961 stocksTOP 10%

View Consumer Discretionary peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

69.8/100

Profitability

81.3/100

Balance Sheet

76.3/100

Earnings Quality

31.5/100

Free Cash Flow

68.1/100

Institutional Flow

86.3/100

Revenue Scale

86.2/100

Dilution Risk

44.5/100

Email me the moment this company reports earnings

AI Research Report

Two-page plain-English analysis: business, thesis, and three scenarios for the next two years. Refreshed every quarter.

Upgrade to Pro

Pro: 5 reports/month · Pro+: unlimitedOpinion, not investment advice. Do your own research.

Why QSR Scores 70/100

exact factor attribution · 2026-09-11

QSR's composite is driven by scale and profitability, held back by earnings quality. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+5.4 pts

86th pct

Profitability

+4.7 pts

81th pct

Revenue growth

+4.0 pts

70th pct

Free cash flow

+2.7 pts

68th pct

Capital efficiency

+2.6 pts

76th pct

Institutional flow

+1.8 pts

86th pct

Earnings growth

+0.6 pts

61th pct

Shareholder dilution

-0.3 pts

45th pct

Earnings quality

-1.9 pts

32th pct

Latest change (2026-08-08): 71 → 71 · ↓ Revenue growth 75→57; despite ↑ Profit margin 70→85

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

QSR Stock Analysis & AI Quality Score

Data updated 2026-09-11

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 69.7/100 on a 32-signal composite quality model, placing it at rank #248 of 2,961 stocks — the top 10% of the AI-ranked universe. QSR scores in the top quartile across institutional flow (86.3), revenue scale (86.2), profitability (81.3). Areas of concern include earnings quality (31.5), which score below median versus the broader universe. Shareholder dilution risk is elevated at 44.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Restaurant Brands International Inc. reports quarterly revenue of $2.5B, net income of $665.0M, an operating margin of 28.4%. Top institutional holders of QSR by reported 13-F value include Capital World Investors, PERSHING SQUARE HOLDCO, L.P., ROYAL BANK OF CANADA, 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 69.7 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about Restaurant Brands International Inc.

Quirks, history, and lore behind QSR — the kind of stuff that makes a stock memorable.

1
The Basics
A Canadian-headquartered holding company in quick-service restaurants · listed on the NYSE · operates across dozens of countries.
2
The Numbers
The parent of three iconic chains generating roughly $7 billion in annual system-wide revenue — it owns the brands but franchisees flip the burgers.
3
The History
Born in 2014 when a Brazilian-American private equity giant engineered a cross-border merger of a flame-grilled burger icon and a beloved Canadian coffee institution.
4
The Secret
The company is over 99% franchised, meaning it collects royalties and rents without touching a deep fryer — the classic asset-light fast-food empire playbook.
5
The Lore
Its third brand, a fried-chicken chain founded in Mississippi, was added in 2017 and competes fiercely with a certain colonel — proving the group has a serious thing for iconic comfort food.
6
The Giveaway
Whopper, double-double, and a chicken sandwich that nearly broke the internet: this is the house that Burger King, Tim Hortons, and Popeyes share.

▶ Think you know your stocks? Play the Daily Ticker

What's Driving QSR's Business? Latest 10-Q Breakdown

✓ 21/21 datapoints verified

AI-extracted from Restaurant Brands International Inc.'s 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

RBI grew total revenue 4.6% YoY to $2.52B in Q2 FY2026, but operating income nearly doubled to $716M mostly because of a swing from a $132M FX loss to a $20M FX gain, not core growth.

Biggest Revenue Drivers

Tim Hortons (TH)$1,137M+5.0% YoY

Higher Supply chain sales due to increases in commodity prices and CPG net sales

Restaurant Holdings (RH)$506M+7.9% YoY

Increase in BK US comparable sales and higher PLK China restaurant count, partly offset by BK US refranchisings

Biggest Revenue Drivers

Total revenue: $2.52B+4.6% YoY

Tim Hortons (TH)$1,137M+5.0% YoY

Higher Supply chain sales due to increases in commodity prices and CPG net sales

Restaurant Holdings (RH)$506M+7.9% YoY

Increase in BK US comparable sales and higher PLK China restaurant count, partly offset by BK US refranchisings

Burger King (BK)$342M+1.2% YoY

Increase in comparable sales, partially offset by the net impact of refranchisings

International (INTL)$274M+9.6% YoY

Higher royalty revenues from Burger King and Popeyes on system-wide sales growth, plus resumed BK China JV royalties

Popeyes Louisiana Kitchen (PLK)$199M-5.2% YoY

Decline in comparable sales

Largest Expense Items

Supply chain cost of sales$635M+7.8% YoY

Higher commodity prices

Company restaurant expenses$508M+2.0% YoY

Higher BK US restaurant expenses from increased sales and D&A, plus costs of scaling PLK China and FHS Brazil start-ups

Advertising expenses and other services$369M+1.4% YoY

General and administrative expenses$181M-3.7% YoY

Lower RH/BK China transaction costs and corporate restructuring and advisory fees

Margins: Income from operations rose to $716M from $483M, primarily because 'Other operating expenses (income), net' swung to a $26M net gain (largely a $20M FX gain vs. a $132M FX loss a year ago) and segment income improved in INTL, BK, TH, and FHS, partly offset by a decline in PLK segment income.

Watch Items from the Filing

Popeyes (PLK) comparable sales fell -5.1% and segment revenue declined 5.2% YoY to $199M, the only segment contracting this quarter.
Most of the operating income increase came from a foreign-exchange remeasurement swing (net gain of $20M vs. a $132M loss a year ago) tied to intercompany financing, a non-operating, currency-driven item.
Effective tax rate was -12.3% for the quarter (a tax benefit) due to discrete benefits from intra-group reorganizations, unlikely to recur at this magnitude.
Burger King no-solicitation/no-hiring antitrust class action (Sherman Act) reached a mediation impasse in March 2026; company cannot estimate range of possible loss.
Carrols shareholder litigation reached an agreement-in-principle to settle in July 2026, subject to final court approval, removing a legal overhang.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$2.5B

Net Income

Q2 2026

$665.0M

Free Cash Flow

Q2 2026

$479.0M

Operating Margin

Q2 2026

28.4%

ROIC

Q2 2026

16.6%

D/E Ratio

Q2 2026

3.48

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+12.2% YoY

$9.43BFY 2025

FY22 $6.50BFY23 $7.02BFY24 $8.41BFY25 $9.43B

Net Income

-25.6% YoY

$1.07BFY 2025

FY22 $1.48BFY23 $1.72BFY24 $1.45BFY25 $1.07B

Operating Income

-9.0% YoY

$2.20BFY 2025

FY22 $1.90BFY23 $2.05BFY24 $2.42BFY25 $2.20B

EPS (Diluted)

-26.1% YoY

$2.35FY 2025

FY22 $3.25FY23 $3.76FY24 $3.18FY25 $2.35

Total Assets

+4.0% YoY

$25.61BFY 2025

FY22 $22.75BFY23 $23.39BFY24 $24.63BFY25 $25.61B

Total Debt

-4.8% YoY

$13.38BFY 2025

FY22 $13.16BFY23 $13.09BFY24 $14.05BFY25 $13.38B

Op. Cash Flow

+14.0% YoY

$1.71BFY 2025

FY22 $1.49BFY23 $1.32BFY24 $1.50BFY25 $1.71B

Free Cash Flow

+11.3% YoY

$1.45BFY 2025

FY22 $1.39BFY23 $1.20BFY24 $1.30BFY25 $1.45B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$9.43B +12.2%	$8.41B +19.7%	$7.02B +7.9%	$6.50B +13.3%	$5.74B +15.5%	$4.97B
Net Income	$1.07B -25.6%	$1.45B -15.9%	$1.72B +15.9%	$1.48B +18.3%	$1.25B	—
Operating Income	$2.20B -9.0%	$2.42B +17.9%	$2.05B +8.1%	$1.90B +1.0%	$1.88B +32.1%	$1.42B
EPS (Diluted)	$2.35 -26.1%	$3.18 -15.4%	$3.76 +15.7%	$3.25 +20.8%	$2.69 +68.1%	$1.60
Total Assets	$25.61B +4.0%	$24.63B +5.3%	$23.39B +2.8%	$22.75B -2.2%	$23.25B +2.1%	$22.78B
Total Debt	$13.38B -4.8%	$14.05B +7.3%	$13.09B -0.5%	$13.16B +0.2%	$13.14B +3.7%	$12.67B
Operating Cash Flow	$1.71B +14.0%	$1.50B +13.6%	$1.32B -11.2%	$1.49B -13.7%	$1.73B +87.4%	$921.0M
Free Cash Flow	$1.45B +11.3%	$1.30B +8.2%	$1.20B -13.5%	$1.39B -14.2%	$1.62B +101.5%	$804.0M

AI Insight: QSR Financial Trends

Operating income and leverage both strengthened through 2025, but Q1 2026 cash flow collapsed despite stable margins.

• Operating income surged from $577M (Q3 2024) to $716M (Q2 2026), with Q2 2026 marking the highest level in the dataset.

• Total debt declined $490M from Q3 2024 ($13,873M) to Q2 2026 ($13,384M); equity expanded $614M to $3,850M.

• Revenue grew 1.2% from Q2 2025 ($2,410M) to Q2 2026 ($2,520M); relatively flat year-over-year trend.

⚠ Operating cash flow plunged to $227M in Q1 2026, the lowest in two years, despite $606M operating income.

⚠ Q1 quarters consistently underperform: Q1 2025 and Q1 2026 both showed OCF <$230M versus $500M+ in other quarters.

AI Insight: QSR Ratio Trends

Operating margin expanded to 28.4% in Q2 2026 while ROIC climbed to 16.6%, the highest in two years, as leverage declined to 3.48x D/E.

• OpMargin recovered from Q1–Q2 2025 trough (20.0–20.6%) to 28.4% in Q2 2026, matching pre-downturn levels.

• ROIC expanded 530bp from Q1 2025 low (10.2%) to 16.6% in Q2 2026, driven by margin recovery and operational leverage.

• Debt-to-equity ratio fell from 4.50x in Q1 2025 to 3.48x in Q2 2026, reducing financial leverage materially.

⚠ Margin volatility persists: 80bp swing from Q4 2025 (25.2%) to Q1 2026 (26.8%) suggests seasonal or promotional pressure remains.

⚠ ROIC peaked at 16.6% in Q2 2026 but TTM sits at 15.1%; monitor if Q3–Q4 seasonal weakness repeats prior-year dips.

Get alerted when QSR's score changes

Free account: watchlist tracking, the daily AI brief, and the AI screener.

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Available Research

13F Pro tracks comprehensive data for Restaurant Brands International Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of QSR

Capital World Investors
$3.2B43,862,952 sh
PERSHING SQUARE HOLDCO, L.P.
$1.9B25,821,284 sh
ROYAL BANK OF CANADA
$1.5B20,236,317 sh
EdgePoint Investment Group Inc.
$1.2B17,171,552 sh
BlackRock, Inc.
$1.1B15,228,770 sh
BANK OF MONTREAL /CAN/
$818.5M11,295,632 sh
VANGUARD CAPITAL MANAGEMENT LLC
$760.8M10,489,509 sh
FMR LLC
$610.5M8,417,025 sh
GOLDMAN SACHS GROUP INC
$530.1M7,310,590 sh
BAUPOST GROUP LLC/MA
$489.6M6,753,112 sh

Fund	Value	Shares
Capital World Investors	$3.2B	43,862,952
PERSHING SQUARE HOLDCO, L.P.	$1.9B	25,821,284
ROYAL BANK OF CANADA	$1.5B	20,236,317
EdgePoint Investment Group Inc.	$1.2B	17,171,552
BlackRock, Inc.	$1.1B	15,228,770
BANK OF MONTREAL /CAN/	$818.5M	11,295,632
VANGUARD CAPITAL MANAGEMENT LLC	$760.8M	10,489,509
FMR LLC	$610.5M	8,417,025
GOLDMAN SACHS GROUP INC	$530.1M	7,310,590
BAUPOST GROUP LLC/MA	$489.6M	6,753,112

Companies Similar to QSR

Ranked by quality-profile closeness and shared hedge-fund ownership — not just sector membership.

HLT

Hilton Worldwide Holdings Inc.

AI score

Similar quality profile · 13 shared holders

Capital World Investors Capital Research Global Investors Fiera Capital Corp

HAS

HASBRO, INC.

AI score

Similar quality profile · 11 shared holders

Epoch Investment Partners, Inc.CAISSE DE DEPOT ET PLACEMENT DU QUEBEC OMERS ADMINISTRATION Corp

WYNN

WYNN RESORTS LTD

AI score

Similar quality profile · 8 shared holders

Capital World Investors Capital International Sarl Capital International, Inc./CA/

LOPE

Grand Canyon Education, Inc.

AI score

Similar quality profile · 5 shared holders

Burgundy Asset Management Ltd.Capital Research Global Investors OCCUDO QUANTITATIVE STRATEGIES LP

YUM

YUM BRANDS INC

AI score

Similar quality profile · 18 shared holders

Capital Research Global Investors Capital World Investors Epoch Investment Partners, Inc.

MCD

MCDONALDS CORP

AI score

Similar quality profile · 14 shared holders

1832 Asset Management L.P.Capital Research Global Investors SCOTIA CAPITAL INC.

EXPE

Expedia Group, Inc.

AI score

Similar quality profile · 14 shared holders

CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fiera Capital Corp AustralianSuper Pty Ltd

WEN

Wendy's Co

AI score

Similar quality profile · 1 shared holders

Quinn Opportunity Partners LLC

Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.

More Consumer Discretionary Companies

View all Consumer Discretionary →

AACG

ATA Creativity Global

AAP

ADVANCE AUTO PARTS INC

ABG

ASBURY AUTOMOTIVE GROUP INC

ABLV

Able View Global Inc.

ADIG

ADI GLOBAL DISTRIBUTION INC.

AENT

ALLIANCE ENTERTAINMENT HOLDING CORP

AEO

AMERICAN EAGLE OUTFITTERS INC

AFYA

Afya Ltd

Put QSR on your watchlist

Track score changes the day Restaurant Brands International Inc. files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.

View Pricing

Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Popular Research

AAPL

Apple

MSFT

Microsoft

NVDA

NVIDIA

GOOG

Alphabet

AMZN

Amazon

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. QSR is classified as a large company.

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.