KPIs & Operating Metrics(New)
Growth Metrics

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

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DateValue
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