Restaurant Brands International (QSR) Free Cash Flow (2014 - 2026)
Restaurant Brands International's Free Cash Flow was $479 million in Q2 2026, up 16.5% from $411 million a year earlier and up 183.4% from the prior quarter.
Powered by 
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 $1.63 billion through Jun 30, 2026, up 20.5% 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 has increased for five straight quarters, with growth averaging 33.6% over the last eight quarters.
- 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 Q2 2026 was $169 million (Q1 2026), $453 million (Q4 2025) and $531 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 171.96 Bn | 166.78 Bn | 6.42 Bn | 1.90 Bn |
| 2 | Starbucks | 110.34 Bn | 97.96 Bn | - | 1.35 Bn |
| 3 | Yum Brands | 41.48 Bn | 38.36 Bn | 1.47 Bn | 407.00 Mn |
| 4 | Chipotle Mexican Grill | 39.00 Bn | 34.98 Bn | - | 463.38 Mn |
| 5 | Restaurant Brands International | 25.80 Bn | 21.35 Bn | 1.38 Bn | 479.00 Mn |
| 6 | Darden Restaurants | 24.38 Bn | 23.48 Bn | 1.68 Bn | 98.90 Mn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 479.00 Mn |
| 8 | Yum China Holdings | 15.57 Bn | 9.23 Bn | 537.00 Mn | 299.00 Mn |
| 9 | Texas Roadhouse | 11.21 Bn | 10.55 Bn | - | 81.47 Mn |
| 10 | Luckin Coffee | 10.73 Bn | 9.81 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 486.00 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();