Restaurant Brands International (QSR) Net Margin (2013 - 2026)
Restaurant Brands International (QSR) reported Net Margin of 14.93% for Q1 2026, up 739.0% year-over-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) has 14 years of Net Margin data on file, last reported at 14.93% in Q1 2026.
- Quarterly Net Margin rose 739.0% year-over-year to 14.93% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 9.96% (down 87.0% YoY) and the FY2025 annual result came in at 8.23%, down 392.0% from the prior year.
- Net Margin advanced to 14.93% in Q1 2026 per QSR's latest filing, from 4.58% in the prior quarter.
- Across five years, Net Margin topped out at 27.91% in Q4 2023 and bottomed at 4.58% in Q4 2025.
- The 5-year median for Net Margin is 13.23% (2024), against an average of 13.25%.
- The widest annual swing landed in 2023, when Net Margin surged 1435 bps; it then slumped 1663 bps in 2024.
- Tracing QSR's Net Margin over 5 years: stood at 13.56% in 2022, then soared by 106 bps to 27.91% in 2023, then tumbled by 60 bps to 11.28% in 2024, then tumbled by 59 bps to 4.58% in 2025, then soared by 226 bps to 14.93% in 2026.
- Per Business Quant, the three latest QSR Net Margin figures stand at 14.93% (Q1 2026), 4.58% (Q4 2025), and 12.86% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 5.36% |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 20.98% |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 9.81% |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 14.93% |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | -0.11% |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 10.06% |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 7.56% |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 12.15% |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 1.79% |
| 10 | Dutch Bros | 7.47 Bn | 7.43 Bn | 107.48 Mn | 5.10% |
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% |
| Mar 31, 2021 | 14.21% |
| Dec 31, 2020 | 6.70% |
| Sep 30, 2020 | 10.85% |
| Jun 30, 2020 | 10.11% |
| Mar 31, 2020 | 11.76% |
| Dec 31, 2019 | 11.16% |
| Sep 30, 2019 | 13.79% |
| Jun 30, 2019 | 10.14% |
| Mar 31, 2019 | 10.66% |
| Dec 31, 2018 | 11.77% |
| Sep 30, 2018 | 9.75% |
| Jun 30, 2018 | 12.43% |
| Mar 31, 2018 | 11.80% |
| Dec 31, 2017 | 32.00% |
| Sep 30, 2017 | 7.56% |
| Jun 30, 2017 | 7.91% |
| Mar 31, 2017 | 5.01% |
| Dec 31, 2016 | 10.69% |
| Sep 30, 2016 | 8.02% |
| Jun 30, 2016 | 8.74% |
| Mar 31, 2016 | 5.44% |
| Dec 31, 2015 | 4.89% |
| Sep 30, 2015 | 4.86% |
| Jun 30, 2015 | 1.06% |
| Mar 31, 2015 | -0.89% |
| Dec 31, 2014 | -122.26% |
| Sep 30, 2014 | -8.43% |
| Jun 30, 2014 | 28.75% |
| Mar 31, 2014 | 25.07% |
| Dec 31, 2013 | 53.21% |