Restaurant Brands International (QSR) Net Margin (2013 - 2026)
Restaurant Brands International (QSR) posted quarterly Net Margin of 14.93% for Q1 2026, up 739.0% year-over-year from 1.78% in Q1 2025, and up 225.8% quarter-over-quarter from 4.58% in Q4 2025.
Restaurant Brands International (QSR) Net Margin (2013 - 2026) Analysis & Trends
Restaurant Brands International (QSR) has reported Net Margin for 14 consecutive years, with 14.93% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin rose 739.0% year-over-year to 14.93%; the TTM figure through Mar 2026 stood at 9.96% (down 87.0% YoY), while the FY2025 annual figure was 8.23%, down 392.0% from the prior year.
- Net Margin improved 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.
- Historically, Net Margin has averaged 13.25% across 5 years, with a median of 13.23% in 2024.
- Annual changes were most pronounced in 2023 — Net Margin jumped 1435 bps — and 2024, when it plunged 1663 bps.
- Restaurant Brands International's Net Margin stood at 13.56% in 2022, then soared 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 soared by 226 bps to 14.93% in 2026.
- Business Quant data shows QSR's Net Margin at 14.93% in Q1 2026, 4.58% in Q4 2025, and 12.86% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 33.27% |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 11.21% |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 12.05% |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 39.33% |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 20.12% |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | -0.08% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 26.39% |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 8.35% |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 7.26% |
| 10 | Dominos Pizza | 11.46 Bn | 11.32 Bn | 478.23 Mn | 11.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.12% |
| 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% |