Restaurant Brands International Limited Partnership

Restaurant Brands International Limited Partnership

RSTRF
Restaurant Brands International Limited PartnershipUS flagOther OTC
77.57
USD
-0.02
- -
26.03BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.45
1.46
8.71
9.64
10.69
13.08
14.15
13.65
18.51
18.8
22.51
25.09
28.08
21.02
Basic EPS, GAAP
0.5
-1.01
0.51
1.59
2.83
2.79
2.8
2.05
4.03
4.27
5.5
4.3
3.2
2.54
Free Cash Flow per Basic Share
0.64
0.28
2.33
2.74
3.26
2.63
3.57
2.21
5.23
4.02
3.86
3.89
4.31
3.04
Dividend per Share
0.18
0.13
0.78
1.25
8.57
1.78
2.28
2.63
4.92
3.75
4.78
3.07
3.3
2.59
Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Tangible Book Value per Share
- -
-9.82
-16.14
-16.55
-28.7
-30.11
-30.19
-34.94
-43.77
-35.87
-38.95
-36.01
-36.72
-35.44
Basic Weighted Avg Shares
467
819
466
430
428
410
396
364
310
346
312
335
336
340
Sales/Revenue/Turnover
1,146
1,199
4,052
4,146
4,576
5,357
5,603
4,968
5,739
6,505
7,022
8,406
9,434
7,140
Operating Margin (%)
50.32
52.73
35.05
40.09
41.41
36.34
36.18
32
33.53
31.1
29.62
27.65
26.43
26.36
Depreciation Expense
66
69
182
172
182
180
185
189
201
190
191
264
301
231
Net Income, GAAP
234
-269
508
953
1,233
1,143
1,109
748
1,249
1,479
1,715
1,442
1,074
862
Effective Tax Rate (%)
27.47
- -
24.07
20.33
- -
17.22
23.48
8.09
8.07
- -
- -
20.12
28.68
25.98
Profit Margin (%)
20.39
-22.45
12.54
22.99
26.94
21.34
19.79
15.06
21.76
22.74
24.42
17.15
11.38
12.07
Working Capital
- -
694
247
846
95
92
493
663
-62
-68
29
-82
-61
-24
LT Debt
- -
9,534
9,017
8,934
12,343
12,310
13,239
13,875
14,384
14,227
14,267
15,541
15,436
15,420
Total Equity
- -
7,637
6,210
6,786
4,561
3,618
4,259
3,721
3,853
4,268
4,730
4,843
5,159
5,291
Return on Invested Capital (%)
- -
- -
6.41
8.5
- -
9.63
9.14
8.17
9.7
- -
- -
9.21
8.47
6.65
Return on Capital (%)
- -
- -
8.56
14.3
- -
12.77
11.65
8.68
11.74
- -
- -
12.54
9.13
7.22
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
268
286
LT Borrowings
- -
13,250
13,228
LT Finance Leases
- -
2,186
2,192
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
336
336
Market Capitalization
22,032
23,127
25,298

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
2,830
2,154
Cash, Cash Equivalents & STI
- -
1,163
1,012
Accounts Receivable, Net
- -
794
767
Inventories
- -
205
203
Total Current Liabilities
- -
2,891
2,178
Payables & Accruals
- -
1,680
1,489
ST Debt
- -
268
286
Deferred Revenue
- -
326
280

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.51%
6.81%
6.52%
Free Cash Flow
8.55%
18.67%
11.29%
Net Income, GAAP
13.4%
11.98%
-25.52%
Sales/Revenue/Turnover
9.18%
13.75%
12.23%
Total Cash Common Dividend
144.09%
7.14%
7.68%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,739
2,080
2,291
2,296
8,406
2025
2,109
2,410
- -
2,466
9,434
2026
2,264
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.04
1.19
1.12
- -
4.3
2025
0.66
0.78
- -
- -
3.2
2026
1.28
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.78
0.78
0.82
- -
3.07
2025
0.78
0.84
- -
- -
3.3
2026
0.91
- -
- -
- -
- -

Company Description

APIChat
CEO
Joshua Kobza
Full Time Employees
37,600
Sector
Consumer Cyclical
Industry
Restaurants
Address
130 King Street West Toronto ON Canada M5X 1E1
IPO Date
Aug 25, 2016
Website
rbi.com
Business
Restaurant Brands International Limited Partnership Restaurant Brands International Limited Partnership (RSTRF) operates and franchises quick service restaurants globally through its ownership by Restaurant Brands International Inc., focusing on iconic brands including Tim Hortons, Burger King, Popeyes Louisiana Kitchen, and Firehouse Subs. Tim Hortons offers coffee, other beverages, baked goods, and food products primarily in Canada and select international markets; Burger King provides hamburgers, chicken, specialty sandwiches, and related items across more than 100 countries; Popeyes Louisiana Kitchen specializes in fried bone-in chicken, chicken sandwiches, tenders, wings, fried shrimp, and regional menu items in over 30 countries; and Firehouse Subs delivers hot subs piled with meats and cheeses, chopped salads, chili, soups, sides, and soft drinks mainly in North America. The company maintains a franchise-heavy model with approximately 95% of its over 32,000 restaurants franchised, operates in more than 120 countries and territories, and reports results across six segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International, and Restaurant Holdings. Founded in 1954 and headquartered at 130 King Street West, Suite 300, Toronto, Ontario, Canada M5X 1E1, it changed its name from New Red Canada Limited Partnership in December 2014. Recent strategic developments include the May 2024 acquisition of Carrols Restaurant Group Inc. and June 2024 acquisition of Popeyes China, both integrated into the new Restaurant Holdings segment, alongside the February 2025 acquisition of remaining equity interests in Burger King China for $158 million to pursue a new local partner and growth initiatives; the company also plans accelerated remodels of acquired Burger King locations, refranchising efforts, net restaurant growth in Popeyes China and Firehouse Subs Brazil, and $400 million to $450 million in 2025 capital expenditures while maintaining a $2.48 per common share dividend. In November 2025, Restaurant Brands International Inc. partnered with CPE to accelerate Burger King expansion in China.

Company News

APIChat
  • Restaurant Brands International Limited Partnership (QSP.UN:CA) Q4 2025 Earnings Call Transcript