QSR
Restaurant Brands International
NYSEUSDEQUITY
Consumer Cyclical
DELAYED
Last price
80.66
▲ 1.11 (1.39%)
MARKET · —
Price
Open
79.55
Prev close
79.55
Day high
81.02
Day low
79.19
Volume
2.27M
Market cap
$37.04B
P/E (TTM)
20.01
52W range
61.33 – 81.96
Trailing performance
Returnvs SPY
1W
+4.15%
+5.5%
1M
+11.72%
+8.0%
3M
+6.05%
+2.9%
6M
+17.49%
+6.4%
YTD
+18.51%
+6.2%
1Y
+26.84%
+6.8%
3Y
+14.52%
-59.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$37.04B
Enterprise value$44.29B
Revenue (TTM)$9.70B
Gross profit$3.31B
EBITDA$2.92B
Net income$1.40B
EPS (TTM)$4.04
Free cash flow$1.71B
Total cash$1.10B
Total debt$15.65B
Book value / share$11.03
Shares outstanding348.76M
Float317.68M
Short % of float5.95%
Dividend yield3.22%
Beta (5Y)0.53
Valuation & profitability ratios
Trailing P/E20.01
Forward P/E18.28
PEG ratio1.24
Price / sales—
Price / book7.33
EV / revenue4.57
EV / EBITDA15.15
Gross margin34.09%
Operating margin27.74%
Profit margin13.13%
Return on equity34.79%
Return on assets6.45%
Debt / equity290.10
Current ratio1.01
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $9.43B | $8.41B | $7.02B | $6.50B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $1.07B | $1.45B | $1.72B | $1.48B |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $1.07B | $1.45B | $1.72B | $1.48B |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.04 | 1.07 | +3.2% |
| Mar 2026 | 0.83 | 0.86 | +4.0% |
| Dec 2025 | 0.95 | 0.96 | +1.3% |
| Sep 2025 | 1.00 | 1.03 | +2.9% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.08 | 20 | $2.53B | +3.1% |
| Next quarter | 1.05 | 20 | $2.53B | +2.4% |
| Current year | 4.05 | 22 | $9.83B | +4.2% |
| Next year | 4.42 | 23 | $9.91B | +0.7% |
Analyst targets & ownership
Mean target$85.65
High target$104.00
Low target$78.00
Implied upside6.19%
Analyst count23
ConsensusBUY
Strong buy / Buy3 / 14
Hold9
Sell / Strong sell0 / 1
Held by insiders1.30%
Held by institutions97.01%
Institutions holding857
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+143.56K
Net buying
Buy transactions
26
640.46K shares
Sell transactions
15
496.90K shares
Net transactions
+41
Buys less sells
Sell : buy shares
0.8 : 1
Mixed
Insider-held shares
4.53M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Mar 20, 26 | HOUSMAN JEFFREY Officer |
SELL | 20.00K | $1.47M | Direct |
| Mar 20, 26 | HOUSMAN JEFFREY Officer |
CONVERSION | 20.00K | $1.11M | Direct |
| Mar 18, 26 | GRANAT JILL M General Counsel |
SELL | 50.00K | $3.75M | Direct |
| Mar 18, 26 | KOBZA JOSHUA Chief Executive Officer |
SELL | 200.00K | $15.01M | Direct |
| Mar 18, 26 | KOBZA JOSHUA Chief Executive Officer |
CONVERSION | 200.00K | $11.38M | Direct |
| Mar 18, 26 | GRANAT JILL M General Counsel |
CONVERSION | 50.00K | $2.85M | Direct |
| Mar 17, 26 | SANTELMO THIAGO TEMER Officer |
SELL | 10.00K | $754.15K | Direct |
| Mar 17, 26 | SIDDIQUI SAMI A Chief Financial Officer |
SELL | 80.00K | $5.99M | Direct |
| Mar 17, 26 | SIDDIQUI SAMI A Chief Financial Officer |
CONVERSION | 80.00K | $4.44M | Direct |
| Mar 17, 26 | SANTELMO THIAGO TEMER Officer |
CONVERSION | 10.00K | $555.50K | Direct |
| Mar 16, 26 | FRIESNER JACQUELINE Officer |
SELL | 30.00K | $2.24M | Direct |
| Feb 25, 26 | KOBZA JOSHUA Chief Executive Officer |
STOCK | 8.15K | $560.73K | Direct |
| Feb 25, 26 | SCHWAN AXEL MR Officer |
STOCK | 2.50K | $171.89K | Direct |
| Feb 25, 26 | GRANAT JILL M General Counsel |
STOCK | 2.72K | $187.09K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BEHRING ALEXANDRE C. |
Director | 282.69K | Stock Award(Grant) |
CURTIS THOMAS BENJAMIN IV |
Officer | 102.22K | Stock Award(Grant) |
DOYLE JOSEPH PATRICK |
Officer and Director | 693.86K | Sale |
FRIESNER JACQUELINE |
Officer | 165.73K | Sale |
GRANAT JILL M |
General Counsel | 478.85K | Sale |
HOUSMAN JEFFREY |
Officer | 162.08K | Sale |
KOBZA JOSHUA |
Chief Executive Officer | 960.77K | Sale |
SCHWAN AXEL MR |
Officer | 197.48K | Stock Award(Grant) |
SCHWARTZ DANIEL S |
Director | 1.40M | Stock Award(Grant) |
SIDDIQUI SAMI A |
Chief Financial Officer | 270.99K | Sale |
Moving averages & technicals
SMA 10
76.66
+5.22% from price
SMA 20
75.39
+7.25% from price
SMA 50
74.52
+8.50% from price
SMA 100
75.63
+6.65% from price
SMA 200
72.84
+11.02% from price
EMA 12
76.95
+4.81% from price
EMA 26
75.69
+6.56% from price
EMA 50
75.11
+7.39% from price
RSI (14)
69.0
Neutral
MACD (12,26,9)
1.26
Hist 0.65
ATR (14)
1.95
2.41% of price
Realised vol 30D
25.4%
Annualised
Bollinger upper
79.72
20, 2σ
Bollinger lower
71.06
20, 2σ
50 / 200 cross
Golden
74.52 vs 72.84
Trend bias
Above 200
+11.02%
Risk profile
Beta vs SPY
0.10
Less volatile than market
Correlation to SPY
0.06
Largely independent
Realised vol 30D
25.4%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-12.5%
Peak to trough
Max drawdown 5Y
-27.9%
Peak to trough
ATR 14
1.95
2.41% of price
Beta (reported)
0.53
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.63
Call-heavy session
Put / call open interest
0.36
Positioning, not flow
Max pain
75.00
-7.2% from spot
ATM implied vol
22.4%
Nearest strike to spot
Skew (10% OTM)
-5.7%
Calls bid over puts
Call volume
212
Contracts, this expiry
Put volume
133
Contracts, this expiry
Heaviest call OI
80.00
2.31K contracts
Heaviest put OI
70.00
518 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
Is Dutch Bros Worth Buying as Growth Surges but Valuation Stays Rich?
Zacks · 22h ago
BROS Falls 22.9% in a Month While Growth Holds and Cost Risks Rise
Zacks · 22h ago
Bill Ackman Loves This Dividend Stock, But You Should Give It a Pass
Barchart · 2d ago
Burger King's $700 Million Fix Is Paying Off for Restaurant Brands International
Motley Fool · 2d ago
What Could Power The Next Rally In McDonald's Stock
Trefis · 3d ago
Wendy’s Jumps 5% on Nelson Peltz Take-Private Report, COO Role Revival
24/7 Wall St. · 3d ago
Buybacks and EPS Growth Strengthens Restaurant Brands International’s (QSR) Upside
Insider Monkey · 3d ago
Is McDonald's a Buy Today as Lower Valuation Meets Execution Risk?
Zacks · 4d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.