Restaurant Brands International (QSR) Free Cash Flow (2014 - 2026)
Restaurant Brands International's Free Cash Flow was $479 million in Q3 2026, down 9.8% from $531 million a year earlier and unchanged from the prior quarter.
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Analysis
Restaurant Brands International (QSR) Free Cash Flow (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, Restaurant Brands International's Free Cash Flow was $1.58 billion through Sep 30, 2026, up 12.9% year-over-year; for FY2025, it was $1.45 billion, up 11.3% from FY2024.
- Free Cash Flow shows a five-year compound annual growth rate of 12.5% (FY2020 to FY2025).
- In earlier years, Free Cash Flow was $1.3 billion in FY2024 (+8.2%), $1.2 billion in FY2023 (-13.5%), $1.39 billion in FY2022 (-14.2%) and $1.62 billion in FY2021 (+101.5%).
- Quarterly Free Cash Flow has moved between $54 million (Q1 2025) and $531 million (Q3 2025) over five years.
- Compared with a year earlier, Free Cash Flow was higher in six of the last eight quarters, with growth averaging 30.0%.
- The best year-over-year quarter for Free Cash Flow over five years was Q1 2026 (growth of 213.0%); the worst was Q1 2023 (a decline of 65.6%).
- Per Business Quant data, QSR's Free Cash Flow in the three quarters before Q3 2026 was $479 million (Q2 2026), $169 million (Q1 2026) and $453 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 198.28 Bn | 193.10 Bn | 6.42 Bn | 1.90 Bn |
| 2 | Starbucks | 125.06 Bn | 112.69 Bn | - | 1.35 Bn |
| 3 | Yum Brands | 45.39 Bn | 42.27 Bn | 1.47 Bn | 407.00 Mn |
| 4 | Chipotle Mexican Grill | 44.51 Bn | 41.01 Bn | - | 347.14 Mn |
| 5 | Restaurant Brands International | 27.33 Bn | 24.70 Bn | 1.40 Bn | 479.00 Mn |
| 6 | Darden Restaurants | 26.09 Bn | 25.18 Bn | 1.68 Bn | 98.90 Mn |
| 7 | Restaurant Brands International Limited Partnership | 24.67 Bn | 20.46 Bn | 1.40 Bn | 479.00 Mn |
| 8 | Yum China Holdings | 17.13 Bn | 11.49 Bn | 537.00 Mn | 299.00 Mn |
| 9 | Texas Roadhouse | 12.88 Bn | 12.25 Bn | - | 81.47 Mn |
| 10 | Dominos Pizza | 11.21 Bn | 10.45 Bn | 476.38 Mn | 146.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 479.00 Mn |
| Jun 30, 2026 | 479.00 Mn |
| Mar 31, 2026 | 169.00 Mn |
| Dec 31, 2025 | 453.00 Mn |
| Sep 30, 2025 | 531.00 Mn |
| Jun 30, 2025 | 411.00 Mn |
| Mar 31, 2025 | 54.00 Mn |
| Dec 31, 2024 | 404.00 Mn |
| Sep 30, 2024 | 485.00 Mn |
| Jun 30, 2024 | 291.00 Mn |
| Mar 31, 2024 | 122.00 Mn |
| Dec 31, 2023 | 356.00 Mn |
| Sep 30, 2023 | 408.00 Mn |
| Jun 30, 2023 | 362.00 Mn |
| Mar 31, 2023 | 77.00 Mn |
| Dec 31, 2022 | 375.00 Mn |
| Sep 30, 2022 | 374.00 Mn |
| Jun 30, 2022 | 417.00 Mn |
| Mar 31, 2022 | 224.00 Mn |
| Dec 31, 2021 | 435.00 Mn |
API Access
Restaurant Brands International Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=QSR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "QSR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=QSR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();