Restaurant Brands International (QSR) Net Margin (2013 - 2026)
Restaurant Brands International's (QSR) quarterly Net Margin came in at 14.93% in Q1 2026, up 739.0% year-on-year from 1.78% in Q1 2025, and up 225.8% on a QoQ basis from 4.58% in Q4 2025.
Restaurant Brands International (QSR) Net Margin (2013 - 2026) Analysis & Trends
Restaurant Brands International (QSR) has 14 years of Net Margin data on file, last reported at 14.93% in Q1 2026.
- On a quarterly basis, Net Margin rose 739.0% year-over-year to 14.93% in Q1 2026; TTM through Mar 2026 was 9.96%, a 87.0% decrease from a year earlier, with the FY2025 full-year figure at 8.23%, down 392.0% from the prior year.
- Net Margin for Q1 2026 stood at 14.93%, up from 4.58% in the prior quarter.
- Over the last five years, Net Margin for QSR reached as high as 27.91% in Q4 2023 and fell as low as 4.58% in Q4 2025.
- Historically, Net Margin has averaged 13.25% across 5 years, with a median of 13.23% in 2024.
- Across the five-year window, Net Margin surged 1435 bps in 2023 and slumped 1663 bps in 2024, its largest moves.
- Year by year, Net Margin stood at 13.56% in 2022, then surged by 106 bps to 27.91% in 2023, then slumped by 60 bps to 11.28% in 2024, then slumped by 59 bps to 4.58% in 2025, then surged by 226 bps to 14.93% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 14.93% in Q1 2026, 4.58% in Q4 2025, and 12.86% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 117.61 Bn | 115.91 Bn | 6.32 Bn | 5.36% |
| 2 | Chipotle Mexican Grill | 41.20 Bn | 40.33 Bn | 2.61 Bn | 9.81% |
| 3 | Yum Brands | 40.68 Bn | 39.99 Bn | 1.38 Bn | 20.98% |
| 4 | Restaurant Brands International | 25.13 Bn | 25.66 Bn | 2.14 Bn | 14.93% |
| 5 | Darden Restaurants | 22.23 Bn | 21.99 Bn | 3.68 Bn | -0.08% |
| 6 | Yum China Holdings | 15.22 Bn | 14.47 Bn | 2.31 Bn | 10.06% |
| 7 | Texas Roadhouse | 12.56 Bn | 12.37 Bn | 1.40 Bn | 7.56% |
| 8 | Dominos Pizza | 10.74 Bn | 10.60 Bn | 478.23 Mn | 11.37% |
| 9 | Dutch Bros | 8.14 Bn | 8.10 Bn | 107.48 Mn | 5.10% |
| 10 | Brinker International | 7.99 Bn | 7.93 Bn | 1.10 Bn | 8.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.93% |
| Dec 31, 2025 | 4.58% |
| Sep 30, 2025 | 12.86% |
| Jun 30, 2025 | 7.84% |
| Mar 31, 2025 | 7.54% |
| Dec 31, 2024 | 11.28% |
| Sep 30, 2024 | 11.00% |
| Jun 30, 2024 | 13.46% |
| Mar 31, 2024 | 13.23% |
| Dec 31, 2023 | 27.91% |
| Sep 30, 2023 | 13.72% |
| Jun 30, 2023 | 13.58% |
| Mar 31, 2023 | 11.89% |
| Dec 31, 2022 | 13.56% |
| Sep 30, 2022 | 20.86% |
| Jun 30, 2022 | 14.40% |
| Mar 31, 2022 | 12.61% |
| Dec 31, 2021 | 11.58% |
| Sep 30, 2021 | 14.78% |
| Jun 30, 2021 | 18.01% |