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% quarter-over-quarter 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.
- Net Margin for Q1 2026 came in at 14.93%, up 739.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 9.96% (down 87.0% YoY), and the FY2025 annual result was 8.23%, down 392.0% from the prior year.
- Net Margin grew to 14.93% in Q1 2026 per QSR's latest filing, from 4.58% in the prior quarter.
- Over five years, Net Margin peaked at 27.91% in Q4 2023 and troughed at 4.58% in Q4 2025.
- A 5-year average of 13.25% and a median of 13.23% in 2024 frame the typical range for Net Margin.
- The sharpest annual moves came in 2023 and 2024: Net Margin jumped 1435 bps in 2023, then plunged 1663 bps in 2024.
- A 5-year view of Net Margin shows it stood at 13.56% in 2022, then surged by 106 bps to 27.91% in 2023, then sank by 60 bps to 11.28% in 2024, then sank by 59 bps to 4.58% in 2025, then surged 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 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn | 5.36% |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 9.81% |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | 20.98% |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 14.93% |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | -0.11% |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 10.06% |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 7.56% |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | 12.15% |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 1.79% |
| 10 | Dutch Bros | 8.99 Bn | 8.95 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% |