Restaurant Brands International Inc.
QSRNYSEConsumer Discretionary · Retail-Eating Places · A6 · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $9.43B | $8.41B | $7.02B | $6.50B | $5.74B | $4.97B |
| Operating income | $2.20B | $2.42B | $2.05B | $1.90B | $1.88B | $1.42B |
| Net income | $1.07B | $1.45B | $1.72B | $1.48B | $1.25B | $224.0M |
| Total assets | $25.61B | $24.63B | $23.39B | $22.75B | $23.25B | $22.78B |
| Total liabilities | $20.46B | $19.79B | $18.66B | $18.48B | $19.39B | $19.06B |
| Equity | $3.63B | $3.11B | $2.87B | $2.50B | $2.24B | $2.17B |
| EPS (diluted) | $2.35 | $3.18 | $3.76 | $3.25 | $2.69 | $1.60 |
| Shares out. | 346.3M | 313.4M | 307.9M | 309.6M | 305.1M | 298.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 23.3%
- Net margin
- 11.4%
- Return on equity
- 29.6%
- Return on assets
- 4.2%
- Return on capital (ROCE)
- 9.7%
- Liabilities / assets
- 79.9%
- Debt / equity
- 5.63×
- Book value / share
- $10.49
- Revenue growth (YoY)
- 12.2%
- Net income growth (YoY)
- −25.6%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 0.98distress
- Accruals / assets
- −2.5%clean
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 1 warning● 5 good- Altman Z″ in the distress zone
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Pershing Square Capital Management, L.P.Activist (13D)May 8, 2026
- Edgepoint Investment Group Inc.Passive (13G)Feb 17, 2026
- Blackrock, Inc.Passive (13G)Jan 21, 2026
- 3g Restaurant Brands Holdings General Partner Ltd.Activist (13D)Dec 3, 2025
- Capital Research Global InvestorsPassive (13G)Feb 13, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 17.0M | 4.0 | +10.4% |
| Apr 30, 2026 | 15.4M | 5.1 | +1.6% |
| Apr 15, 2026 | 15.2M | 5.0 | +13.8% |
| Mar 31, 2026 | 13.4M | 3.0 | +23.7% |
| Mar 13, 2026 | 10.8M | 2.6 | +0.7% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 6, 2026
- Results of operationsFeb 12, 2026
- Entered a material agreement · Regulation FD disclosureNov 14, 2025
- Material impairment · Regulation FD disclosure · Other material eventNov 10, 2025
- Results of operationsOct 30, 2025
- Results of operationsAug 7, 2025
- Shareholder voteJun 3, 2025
- Results of operationsMay 8, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.