Restaurant Brands International LP

Restaurant Brands International LP

105.67
CAD
0.00
(0.00%)
34.17BMarket Cap
Restaurant Brands International LP
TSX:QSP.UN
(Toronto Stock Exchange)

Recent

price

105.67

P/E

ratio

- -

div

yld

4.06%

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
USD
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
- -
Revenue per Share
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
- -
Basic EPS, GAAP
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
- -
Free Cash Flow per Basic 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
3.02
Dividend per Share
- -
16.35
14.25
15.81
10.86
8.83
11.58
10.41
11.1
12.37
14.09
14.42
15.37
16.07
Book Value per Share
- -
-17.23
-17.24
-16.6
-29.27
-30.12
-32.54
-35.63
-39.12
-35.98
-36.22
-35.96
-36.77
-34.97
Tangible Book Value per Share
467
819
466
430
428
410
396
364
310
346
312
335
336
341
Basic Weighted Avg Shares
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
- -
Sales/Revenue/Turnover
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
- -
Operating Margin (%)
66
69
182
172
182
180
185
189
201
190
191
264
301
- -
Depreciation Expense
234
-269
508
953
1,233
1,143
1,109
748
1,249
1,479
1,715
1,442
1,074
- -
Net Income, GAAP
27.47
- -
24.07
20.33
- -
17.22
23.48
8.09
8.07
- -
- -
20.12
28.68
- -
Effective Tax Rate (%)
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
- -
Profit Margin (%)
- -
694
247
846
95
92
493
663
-62
-68
29
-82
-61
29
Working Capital
- -
9,534
9,017
8,934
12,343
12,310
13,239
13,875
14,384
14,227
14,267
15,541
15,436
15,378
LT Debt
- -
7,637
6,210
6,786
4,561
3,618
4,259
3,721
3,853
4,268
4,730
4,843
5,159
5,395
Total Equity
- -
- -
5.38
8.52
- -
9.48
9.04
7.31
9.47
- -
- -
9.59
7.48
- -
Return on Invested Capital (%)
- -
- -
5.03
8.32
- -
9.6
8.93
6.73
9.29
- -
- -
9.54
6.94
- -
Return on Capital (%)
- -
- -
3.43
10.51
21.35
27.96
28.18
18.77
33.01
36.45
38.14
30.14
21.48
- -
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
268
286
294
LT Borrowings
13,250
13,228
13,206
LT Finance Leases
2,186
2,192
2,172
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
336
336
336
Market Capitalization
23,037
24,509
24,077

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,830
2,154
2,343
Cash, Cash Equivalents & STI
1,163
1,012
1,063
Accounts Receivable, Net
794
767
800
Inventories
205
203
224
Total Current Liabilities
2,891
2,178
2,314
Payables & Accruals
1,680
1,489
1,614
ST Debt
268
286
294
Deferred Revenue
326
280
261

Growth Rates

USD

•

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

USD

•

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
2,520
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.04
1.19
1.12
0.8
4.3
2025
0.66
0.78
- -
0.46
3.2
2026
1.28
1.91
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.78
0.78
0.82
0.58
3.07
2025
0.78
0.84
- -
0.84
3.3
2026
0.91
1.25
- -
- -
- -
Business
Restaurant Brands International Limited Partnership (TSX: QSP-UN) operates and franchises quick service restaurants worldwide through its ownership of iconic brands including Tim Hortons, Burger King, Popeyes Louisiana Kitchen and Firehouse Subs; the partnership functions as a subsidiary of Restaurant Brands International Inc., with the latter serving as its general partner. Tim Hortons offers coffee, other beverages, baked goods and food products; Burger King provides flame-grilled hamburgers, chicken, specialty sandwiches and related items; Popeyes Louisiana Kitchen specializes in fried bone-in chicken, chicken sandwiches, tenders, wings, fried shrimp and regional menu options; Firehouse Subs features hot sandwiches and subs with steamed meats and cheeses, chopped salads, chili, soups, sides and soft drinks. Headquartered in Toronto, Canada, and founded in 1954, the partnership previously known as New Red Canada Limited Partnership changed its name in December 2014 and conducts operations across more than 120 countries and territories through six segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International and Restaurant Holdings, with approximately 32,000 system-wide restaurants including roughly 16,500 in the U.S. and Canada. Recent strategic developments include the 2024 acquisitions of Carrols Restaurant Group Inc., its largest Burger King franchisee in the U.S., and Popeyes China, both integrated into the new Restaurant Holdings segment to enhance operational efficiency and market presence; in early 2025, the partnership bought out partners' stakes in Burger King China for US$158 million and launched a joint venture with CPE as the new master franchisee while seeking additional local partners for refranchising and expansion in China and Brazil. These moves support accelerated net unit growth at Popeyes China and Firehouse Subs Brazil, alongside increased remodels for acquired Burger King locations and projected capital expenditures of $400 million to $450 million in 2025.

Company News

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