Restaurant Brands International (QSR) Free Cash Flow (2014 - 2026)
Restaurant Brands International (QSR) reported Free Cash Flow of $169.0 million for Q1 2026, up 69.0% year-over-year from $100.0 million in Q1 2025, and down 74.59% on a QoQ basis from $665.0 million in Q4 2025.
Restaurant Brands International (QSR) has 13 years of Free Cash Flow data on file, last reported at $169.0 million in Q1 2026.
- Quarterly Free Cash Flow rose 69.0% year-over-year to $169.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.7 billion (up 37.96% YoY) and the FY2025 annual result came in at $1.7 billion, up 27.57% from the prior year.
- Free Cash Flow eased to $169.0 million in Q1 2026 per QSR's latest filing, from $665.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $665.0 million in Q4 2025 and bottomed at $77.0 million in Q1 2023.
- The 5-year median for Free Cash Flow is $365.0 million (2025), against an average of $336.8 million.
- The widest annual swing landed in 2023, when Free Cash Flow tumbled 65.62%; it then jumped 92.21% in 2024.
- Tracing QSR's Free Cash Flow over 5 years: stood at $375.0 million in 2022, then decreased by 5.07% to $356.0 million in 2023, then gained by 13.48% to $404.0 million in 2024, then surged by 64.6% to $665.0 million in 2025, then plunged by 74.59% to $169.0 million in 2026.
- Per Business Quant, the three latest QSR Free Cash Flow figures stand at $169.0 million (Q1 2026), $665.0 million (Q4 2025), and $531.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 91.80 Mn |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 341.00 Mn |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 471.02 Mn |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 169.00 Mn |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 451.90 Mn |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 406.00 Mn |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 178.92 Mn |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 146.91 Mn |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 2.87 Mn |
| 10 | Dutch Bros | 7.47 Bn | 7.43 Bn | 107.48 Mn | 64.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 169.00 Mn |
| Mar 31, 2026 | 169.00 Mn |
| Dec 31, 2025 | 665.00 Mn |
| Dec 31, 2025 | 665.00 Mn |
| Sep 30, 2025 | 531.00 Mn |
| Sep 30, 2025 | 531.00 Mn |
| Jun 30, 2025 | 365.00 Mn |
| Jun 30, 2025 | 365.00 Mn |
| Mar 31, 2025 | 100.00 Mn |
| Mar 31, 2025 | 100.00 Mn |
| Dec 31, 2024 | 404.00 Mn |
| Dec 31, 2024 | 404.00 Mn |
| Sep 30, 2024 | 485.00 Mn |
| Sep 30, 2024 | 485.00 Mn |
| Jun 30, 2024 | 265.00 Mn |
| Jun 30, 2024 | 265.00 Mn |
| Mar 31, 2024 | 148.00 Mn |
| Mar 31, 2024 | 148.00 Mn |
| Dec 31, 2023 | 356.00 Mn |
| Dec 31, 2023 | 356.00 Mn |
| Sep 30, 2023 | 408.00 Mn |
| Sep 30, 2023 | 408.00 Mn |
| Jun 30, 2023 | 362.00 Mn |
| Jun 30, 2023 | 362.00 Mn |
| Mar 31, 2023 | 77.00 Mn |
| Mar 31, 2023 | 77.00 Mn |
| Dec 31, 2022 | 375.00 Mn |
| Dec 31, 2022 | 375.00 Mn |
| Sep 30, 2022 | 374.00 Mn |
| Sep 30, 2022 | 374.00 Mn |
| Jun 30, 2022 | 417.00 Mn |
| Jun 30, 2022 | 417.00 Mn |
| Mar 31, 2022 | 224.00 Mn |
| Mar 31, 2022 | 224.00 Mn |
| Dec 31, 2021 | 435.00 Mn |
| Dec 31, 2021 | 435.00 Mn |
| Sep 30, 2021 | 486.00 Mn |
| Sep 30, 2021 | 486.00 Mn |
| Jun 30, 2021 | 448.00 Mn |
| Jun 30, 2021 | 448.00 Mn |
| Mar 31, 2021 | 251.00 Mn |
| Mar 31, 2021 | 251.00 Mn |
| Dec 31, 2020 | 267.00 Mn |
| Dec 31, 2020 | 267.00 Mn |
| Sep 30, 2020 | 380.00 Mn |
| Sep 30, 2020 | 380.00 Mn |
| Jun 30, 2020 | 40.00 Mn |
| Jun 30, 2020 | 40.00 Mn |
| Mar 31, 2020 | 117.00 Mn |
| Mar 31, 2020 | 117.00 Mn |
| Dec 31, 2019 | 535.00 Mn |
| Dec 31, 2019 | 535.00 Mn |
| Sep 30, 2019 | 418.00 Mn |
| Sep 30, 2019 | 418.00 Mn |
| Jun 30, 2019 | 312.00 Mn |
| Jun 30, 2019 | 312.00 Mn |
| Mar 31, 2019 | 149.00 Mn |
| Mar 31, 2019 | 149.00 Mn |
| Dec 31, 2018 | 459.00 Mn |
| Dec 31, 2018 | 459.00 Mn |
| Sep 30, 2018 | 355.00 Mn |
| Sep 30, 2018 | 355.00 Mn |
| Jun 30, 2018 | 374.00 Mn |
| Jun 30, 2018 | 374.00 Mn |
| Mar 31, 2018 | -109.00 Mn |
| Mar 31, 2018 | -109.00 Mn |
| Dec 31, 2017 | 526.80 Mn |
| Dec 31, 2017 | 526.80 Mn |
| Sep 30, 2017 | 327.60 Mn |
| Sep 30, 2017 | 327.60 Mn |
| Jun 30, 2017 | 203.90 Mn |
| Jun 30, 2017 | 203.90 Mn |
| Mar 31, 2017 | 295.70 Mn |
| Mar 31, 2017 | 295.70 Mn |
| Dec 31, 2016 | 342.90 Mn |
| Dec 31, 2016 | 342.90 Mn |
| Sep 30, 2016 | 444.60 Mn |
| Sep 30, 2016 | 444.60 Mn |
| Jun 30, 2016 | 314.80 Mn |
| Jun 30, 2016 | 314.80 Mn |
| Mar 31, 2016 | 177.70 Mn |
| Mar 31, 2016 | 177.70 Mn |
| Dec 31, 2015 | 222.00 Mn |
| Dec 31, 2015 | 222.00 Mn |
| Sep 30, 2015 | 416.30 Mn |
| Sep 30, 2015 | 416.30 Mn |
| Jun 30, 2015 | 185.00 Mn |
| Jun 30, 2015 | 185.00 Mn |
| Mar 31, 2015 | 266.20 Mn |
| Mar 31, 2015 | 266.20 Mn |
| Dec 31, 2014 | -113.40 Mn |
| Dec 31, 2014 | -113.40 Mn |
| Sep 30, 2014 | 159.00 Mn |
| Sep 30, 2014 | 159.00 Mn |
| Jun 30, 2014 | 84.00 Mn |
| Jun 30, 2014 | 84.00 Mn |
| Mar 31, 2014 | 121.90 Mn |
| Mar 31, 2014 | 121.90 Mn |