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RSTRF US​

Restaurant Brands International Limited Partnership(RSTRF US)

$73.65+0.000.00%Ext:$73.65+0.000.00%(Market Closed · 20:00:00 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Restaurant Brands International Limited Partnership — Company Profile

Restaurant Brands International Limited Partnership (RBLP) is a prominent global enterprise in the quick-service restaurant sector, operating and licensing its brands across the United States and various international markets. The company's extensive portfolio is built around four key segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). Each brand offers a distinct menu: Tim Hortons provides a wide selection of brewed coffees, teas, and both hot and cold espresso-based beverages. Burger King is renowned for its signature flame-grilled hamburgers, complemented by diverse chicken and other specialty sandwiches, crispy french fries, and soft drinks. Popeyes Louisiana Kitchen specializes in Cajun-inspired fried chicken, tenders, fried shrimp and other seafood options, along with distinctive regional dishes such as red beans and rice. Firehouse Subs features generously piled hot and hearty sub sandwiches filled with premium meats and cheeses, alongside chopped salads, chili, soups, a variety of signature sides, soft drinks, and local favorites. As of December 31, 2021, RBLP commanded a substantial global presence with owned and franchised locations totaling 5,291 Tim Hortons, 19,247 Burger King, 3,705 Popeyes, and 1,213 Firehouse Subs establishments. Founded in 1954, the company's corporate headquarters are situated in Toronto, Canada. It was originally established as New Red Canada Limited Partnership, later adopting its current name, Restaurant Brands International Limited Partnership, in December 2014. Restaurant Brands International Inc. functions as both the general partner of RBLP and its parent company.

Sector
Consumer Staples
Industry
Consumer Staples Distribution & Retail
Exchange
UU
CEO
Joshua Arthur Kobza
Headquarters
Toronto, A6, CA
IPO Date
Aug 25, 2016
Employees
53,500
Website
www.rbi.com

Key Metrics

Price
$74.00
Market Cap
$24.83B
Revenue (TTM)
$2.26B
Net Income (TTM)
$338.00M
EPS (TTM)
0.97
P/E (TTM)
26.00
P/B (TTM)
6.63
Dividend Yield
3.19%
ROE (TTM)
9.03%
ROA (TTM)
1.36%
Operating Margin
26.99%
Beta
0.08

Dividends

Last Dividend
$0.65
Last Yield
0.03%

Summary

Restaurant Brands International Limited Partnership (RBLP) is a prominent global enterprise in the quick-service restaurant sector, operating and licensing its brands across the United States and various international markets. The company's extensive portfolio is built around four key segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). Each brand offers a distinct menu: Tim Hortons provides a wide selection of brewed coffees, teas, and both hot and cold espresso-based beverages. Burger King is renowned for its signature flame-grilled hamburgers, complemented by diverse chicken and other specialty sandwiches, crispy french fries, and soft drinks. Popeyes Louisiana Kitchen specializes in Cajun-inspired fried chicken, tenders, fried shrimp and other seafood options, along with distinctive regional dishes such as red beans and rice. Firehouse Subs features generously piled hot and hearty sub sandwiches filled with premium meats and cheeses, alongside chopped salads, chili, soups, a variety of signature sides, soft drinks, and local favorites. As of December 31, 2021, RBLP commanded a substantial global presence with owned and franchised locations totaling 5,291 Tim Hortons, 19,247 Burger King, 3,705 Popeyes, and 1,213 Firehouse Subs establishments. Founded in 1954, the company's corporate headquarters are situated in Toronto, Canada. It was originally established as New Red Canada Limited Partnership, later adopting its current name, Restaurant Brands International Limited Partnership, in December 2014. Restaurant Brands International Inc. functions as both the general partner of RBLP and its parent company.

Website
www.rbi.com
Location
Toronto, A6, CA
Phone905-339-6011
Employees53,500
CEOJoshua Arthur Kobza
Sector
Consumer Staples
Industry
Consumer Staples Distribution & Retail
IPO DateAug 25, 2016

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Latest Documents

SEC Filings(283)

Expand
  • 8-KRegulation FD Disclosure10 Aug
  • 10-QQ2ended 30 Jun 20266 Aug
  • 8-KResults of Operations and Financial Condition6 Aug
  • 8-KSubmission of Matters to a Vote of Security Holders3 Jun
  • DEFA14ADefinitive additional materials22 May
  • 10-QQ1ended 31 Mar 20266 May
  • 8-KResults of Operations and Financial Condition6 May
  • ARSAnnual report to security holders23 Apr
  • DEFA14ADefinitive additional materials23 Apr
  • DEF 14ADefinitive proxy statement23 Apr
  • 10-KFY 2025ended 31 Dec 202520 Feb
  • 8-KResults of Operations and Financial Condition12 Feb
  • 8-KEntry into a Material Definitive Agreement14 Nov 2025
  • 8-KMaterial Impairments10 Nov 2025
  • 10-QQ3ended 30 Sept 202530 Oct 2025
  • 8-KResults of Operations and Financial Condition30 Oct 2025
  • 10-QQ2ended 30 Jun 20257 Aug 2025
  • 8-KResults of Operations and Financial Condition7 Aug 2025
  • CORRESPFiling review correspondence23 Jun 2025
  • 8-KSubmission of Matters to Shareholder Vote3 Jun 2025

Mentions in Filings

  • **Exhibit 99.1** Biographical Information of the New Director (Mr. Stanford Ming Lin) **Mr. Stanford Ming Lin** has been appointed as a member of the Board of Directors of TH International Limited. He is currently General Manager, Tim Hortons Asia Pacific at Restaurant Brands International (RBI). Prior to joining RBI, Mr. Lin served as Business Executive Officer of Nespresso Greater China and served on the board of directors of Cotti Coffee. Pr …
    TH International LtdRestaurant Brands International Limited Partnership·EX-99.1 - 6-K - BIOGRAPHICAL INFORMATION OF THE NEW DIRECTOR (MR. STANFORD MING LIN)·Q4 26·19 Oct
  • … globally. Prior to Subway, Mr. Guo was Senior Director of Global Sales & Demand Planning at Frida, a consumer packaged goods company, from July 2021 to March 2023. From July 2015 to July 2021, Mr. Guo was at <strong>Restaurant Brands International</strong>, a global quick-service restaurant company whose portfolio includes Burger King, Popeyes, Tim Hortons, and Firehouse Subs. **Yan Zhang** has served as the president and the director of Lion Group Holding Ltd. …
    Pine Tree Acquisition Corp.Restaurant Brands International Limited Partnership·424B4 - Prospectus filing (Rule 424(b)(4))·Q4 26·6 Oct
  • … ween June 2017 and July 2020, Mr. Dabrowski served as the group controller of Tekcapital. Prior to his employment at Tekcapital, from March 2016 to June 2017, Mr. Dabrowski was a Global Accounting Manager for <strong>Restaurant Brands International</strong> (NYSE:QSR), a multinational fast food holding company, where he oversaw accounting and tax projects for Burger King within the Europe Middle East and Africa (EMEA) market. Prior to his employment at Restaurant …
    Innovative Eyewear IncRestaurant Brands International Limited Partnership·DEF 14A - Definitive proxy statement·Q4 26·5 Oct
  • … globally. Prior to Subway, Mr. Guo was Senior Director of Global Sales & Demand Planning at Frida, a consumer packaged goods company, from July 2021 to March 2023. From July 2015 to July 2021, Mr. Guo was at <strong>Restaurant Brands International</strong>, a global quick-service restaurant company whose portfolio includes Burger King, Popeyes, Tim Hortons, and Firehouse Subs. **Yan Zhang** has served as the president and the director of Lion Group Holding Ltd. …
    Pine Tree Acquisition Corp.Restaurant Brands International Limited Partnership·S-1/A - Registration statement (general form, amendment)·Q3 26·29 Sep
  • … s a consultant to a number of food service companies throughout Canada. He was the past Commissioner of the Canadian Premier League, a post he held from 2018 until 2021. Mr. Clanachan was also the Chairman of <strong>Restaurant Brands International</strong>, Canada until 2018. He was named President and Chief Operating Officer of Tim Hortons from 2014 to 2018, and had more than 35 years of service for that brand. Mr. Clanachan holds a Bachelor of Commerce degree …
    Tilray Brands, Inc.Restaurant Brands International Limited Partnership·DEF 14A - Definitive proxy statement·Q2 27·28 Sep
  • … Chase | 8 | 1,540 | 0.8% | 34 | 0.6% | | 13 | Jersey Mike's | 28 | 1,505 | 0.7% | 44 | 0.7% | | 14 | Five Guys | 13 | 1,416 | 0.7% | 32 | 0.5% | | 15 | AFC Urgent Care | 9 | 1,392 | 0.7% | 44 | 0.7% | | 16 | <strong>Restaurant Brands International</strong> (5) | 19 | 1,388 | 0.7% | 43 | 0.7% | | 17 | Wells Fargo | 6 | 1,362 | 0.7% | 25 | 0.4% | | 18 | Total Wine & More | 2 | 1,345 | 0.7% | 49 | 0.8% | | 19 | First Watch Restaurant Group | 8 | 1,322 | 0.6% | 34 | …
    Curbline Properties Corp.Restaurant Brands International Limited Partnership·EX-99.1 - 8-K - Results of Operations and Financial Condition·Q4 26·22 Oct

Key Stats

Trading

Px/Chg 1D$74.00 / +0.00%
Avg Volume64.39
Beta0.08
Mkt Cap24.83B
FD Mkt Cap25.17B

Float

Shrs Out/Float335.60M / 23.83M
Short Float0.00%
Days to Cover17.67
Stock Repurchased$32.00M

Current Valuation

EV41.05B
EV/EBITDA16.00
EV/Sales4.28
P/B6.63
P/S2.59
FCF Yield0.68%
ROE9.03%
ROA1.36%
Current Ratio0.99

Dividend

Cash$0.65
Yield3.19%
Yield (TTM)3.19%

Estimates

P/E26.00
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23Apr '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings77.7320.2019.8520.95254.1973.48
Price / Sales6.333.133.362.5411.6510.97
Price / Book Value7.568.158.246.887.906.63
Price / Free Cash Flow52.5614.6519.6416.4365.15146.95
ENTERPRISE VALUE METRICS
Enterprise Value39,952.735,439.238,864.637,740.846,665.041,053.7
Enterprise Value / Sales10.515.455.534.4918.9218.13
Enterprise Value / EBITDA35.1717.1517.3614.1767.1460.02
Enterprise Value / EBIT39.3418.8818.9815.7375.3967.75

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue13.2%5,739.06,505.07,022.08,406.09,434.0
Gross Income13%2,374.02,598.02,802.03,024.03,876.0
EBITDA4.3%2,045.02,067.02,239.02,664.02,424.0
EBIT4.5%1,844.01,877.02,048.02,400.02,200.0
Net Income-1.9%838.01,008.01,190.01,021.0776.0
EPS (Diluted)-3.3%2.693.253.763.182.35
BALANCE SHEET
Cash & ST Inv1.7%1,087.01,178.01,139.01,334.01,163.0
Total Assets2.5%23,246.022,746.023,391.024,632.025,615.0
Total Liabilities1.3%19,393.018,478.018,661.019,789.020,456.0
Total Shareholder Equity12.9%2,237.02,499.02,866.03,110.03,634.0
CASH FLOW
Net Operating Cash Flow-17.4%1,726.01,490.01,323.01,503.01,714.0
Cap Ex25.7%-106.0-100.0-120.0-201.0-265.0
Free Cash Flow-2.8%1,620.01,390.01,203.01,302.01,449.0

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)73.65
Basic Shares335.60
Market Cap24,717.2
Diluted Shares459.00
Fully Diluted Shares Outstanding459.00
Fully Diluted Market Cap33,805.4
+Consolidated Debt15,683.0
−In-the-Money Convertible Debt—
+Capital Leases2,169.0
+Operating Leases—
−Cash & Equivalents-1,012.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest1,548.0
+Pension Liabilities—
Enterprise Value40,936.2

Segment data

Revenue

by Products and services

  • Royalty59%
  • Advertising36%
  • Franchisor4%
  • Sales Revenue1%

Revenue

by Geography

  • United States48%
  • Canada41%
  • Others11%

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