Restaurant Brands International (QSR) Gross Margin (2014 - 2026)
Restaurant Brands International (QSR) reported Gross Margin of 94.61% for Q1 2026, up 1258.0% year-over-year from 6.97% in Q1 2025, and down 1.56% quarter-over-quarter from 96.11% in Q4 2025.
Restaurant Brands International (QSR) Gross Margin (2014 - 2026) Analysis & Trends
Restaurant Brands International (QSR) has 13 years of Gross Margin data on file, last reported at 94.61% in Q1 2026.
- Gross Margin for Q1 2026 came in at 94.61%, up 1258.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 97.31% (up 3029.0% YoY), and the FY2025 annual result was 98.98%, up 2492.0% from the prior year.
- Gross Margin fell to 94.61% in Q1 2026 per QSR's latest filing, from 96.11% in the prior quarter.
- Over five years, Gross Margin peaked at 198.16% in Q4 2022 and troughed at 5.05% in Q4 2024.
- A 5-year average of 92.57% and a median of 93.85% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2024: Gross Margin jumped 13258 bps in 2022, then sank 18396 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 198.16% in 2022, then declined by 5 bps to 189.01% in 2023, then slumped by 97 bps to 5.05% in 2024, then soared by 1802 bps to 96.11% in 2025, then dropped by 2 bps to 94.61% in 2026.
- Business Quant data shows QSR's Gross Margin at 94.61% in Q1 2026, 96.11% in Q4 2025, and 100.0% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn | 98.63% |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 84.44% |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | 67.12% |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 94.61% |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 98.82% |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 99.05% |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 86.00% |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | 40.37% |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 290.04% |
| 10 | Dutch Bros | 8.99 Bn | 8.95 Bn | 107.48 Mn | 23.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 94.61% |
| Dec 31, 2025 | 96.11% |
| Sep 30, 2025 | 100.00% |
| Jun 30, 2025 | 98.34% |
| Mar 31, 2025 | 82.03% |
| Dec 31, 2024 | 5.05% |
| Sep 30, 2024 | 93.85% |
| Jun 30, 2024 | 90.67% |
| Mar 31, 2024 | 100.00% |
| Dec 31, 2023 | 189.01% |
| Sep 30, 2023 | 96.84% |
| Jun 30, 2023 | 68.96% |
| Mar 31, 2023 | 65.41% |
| Dec 31, 2022 | 198.16% |
| Sep 30, 2022 | 64.37% |
| Jun 30, 2022 | 64.37% |
| Mar 31, 2022 | 65.95% |
| Dec 31, 2021 | 65.59% |
| Sep 30, 2021 | 67.22% |
| Jun 30, 2021 | 67.52% |