Restaurant Brands International profit margin QSR
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 13.1%
- Operating margin, 12 months
- 26.9%
- Net margin on a year earlier
- +3.7 pts
- Peer median
- 8.1%
Over the twelve months to Jun 30, 2026, Restaurant Brands International kept 13.1% of its revenue as net profit, with an operating margin of 26.9%.
Five years earlier its net margin was 12.5%.
The median for 10 restaurant stocks of a similar size is 8.1%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 8.2% | 23.3% | n/a |
| FY2024 | 12.1% | 28.8% | n/a |
| FY2023 | 16.9% | 29.2% | 65.3% |
| FY2022 | 15.5% | 29.2% | 64.5% |
| FY2021 | 14.6% | 32.7% | 67.1% |
| FY2020 | 9.8% | 28.6% | 53.8% |
| FY2019 | 11.5% | 35.8% | 67.6% |
| FY2018 | 11.4% | 35.8% | 66.1% |
| FY2017 | 14.2% | 37.9% | 54.2% |
| FY2016 | 14.8% | 40.2% | 47.4% |
| FY2015 | 9.3% | 29.4% | 42.9% |
| FY2014 | 13.2% | 15.1% | 72.0% |
| FY2013 | 20.4% | 45.6% | 69.7% |
| FY2012 | 6.0% | 21.2% | 41.5% |
| FY2011 | 3.8% | 15.5% | 33.9% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 13.1% | +3.7 pts | 26.9% | |
| Q1 FY26 | 10.0% | −0.9 pts | 24.7% | |
| Q4 FY25 | 8.2% | −3.9 pts | 23.3% | |
| Q3 FY25 | 10.0% | −6.1 pts | 23.9% | |
| Q2 FY25 | 9.4% | −7.6 pts | 23.4% | |
| Q1 FY25 | 10.8% | −6.3 pts | 26.3% | |
| Q4 FY24 | 12.1% | −4.8 pts | 28.8% | |
| Q3 FY24 | 16.0% | +2.8 pts | 28.4% | |
| Q2 FY24 | 17.0% | +2.0 pts | 30.2% | |
| Q1 FY24 | 17.2% | +1.9 pts | 30.0% | |
| Q4 FY23 | 16.9% | +1.5 pts | 29.2% | |
| Q3 FY23 | 13.2% | −1.8 pts | 28.0% |
Against its peers
Companies in Restaurants nearest Restaurant Brands International's size, closest first, today.
| Company | Profit margin |
|---|---|
| QSRRestaurant Brands International | 13.1% |
| CMGChipotle Mexican Grill | 11.4% |
| YUMYum! Brands | 25.4% |
| DRIDarden Restaurants | 8.8% |
| YUMCYum China | 7.8% |
| ARMKAramark | 1.9% |
| TXRHTexas Roadhouse | 6.6% |
| SBUXStarbucks | 5.2% |
| EATBrinker International | 8.4% |
| BROSDutch Bros | 4.9% |
| MCDMcDonald's | 31.7% |
| Peer median | 8.1% |
Where Restaurant Brands International ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Restaurant Brands International
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.