Restaurant Brands International Inc.QSR
What Restaurant Brands International Inc. does.
We are one of the world’s largest quick service restaurant (“QSR”) companies with nearly $47 billion in annual system-wide sales and over 33,000 restaurants in more than 120 countries and territories as of December 31, 2025. As of the date of this Annual Report on Form 10-K, over 95% of system-wide restaurants were franchised restaurants. Our remaining restaurants are Company restaurants, primarily restaurants we acquired as a part of the Carrols Acquisition, the vast majority of which we plan to refranchise over the coming years. We also operate some other Company restaurants as test locations for new initiatives and to develop operational talent.
We own and franchise four iconic brands, Tim Hortons ®, Burger King ®, Popeyes ®, and Firehouse Subs ®. Our four iconic brands have complementary daypart mixes and product platforms that benefit from global scale and sharing of best practices while preserving the independence and rich heritage of each brand.
Tim Hortons® - Founded in 1964, Tim Hortons is one of the largest coffee and baked goods restaurant chains in North America and the largest in Canada as measured by total number of restaurants. Tim Hortons restaurants also serve a variety of hot and cold specialty beverages alongside delicious breakfast, lunch, and dinner offerings including sandwiches, wraps, flatbread pizzas, and more.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $5.0B | $5.7B | $6.5B | $7.0B | $8.4B | $9.4B |
| Net income | $486.0M | $838.0M | $1.0B | $1.2B | $1.0B | $776.0M |
| Free cash flow | $804.0M | $1.6B | $1.4B | $1.2B | $1.3B | $1.4B |
More on QSR.
- Restaurant Brands International Inc. summary
- Restaurant Brands International Inc. financial statements
- Restaurant Brands International Inc. key metrics
- Restaurant Brands International Inc. health scores and style box
- Restaurant Brands International Inc. earnings
- Restaurant Brands International Inc. dividends
- Restaurant Brands International Inc. valuation
- Restaurant Brands International Inc. ownership and insiders
- Restaurant Brands International Inc. peers
Figures from Restaurant Brands International Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.