Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

Restaurant Brands International Inc.
Next earnings Aug 6, 2026 (before open) · consensus $1.05 EPS, $2.55B rev
Last earnings -5.5% on 2026-05-06
Durable cash-generative global franchise with a ~5% dividend, but EPS fell 26% on the BK China exit and Carrols drag at a full 31x P/E — a hold.
Sources: SEC EDGAR (CIK 0001618756, latest 10-Q filed 2026-05-06) · EODHD · analysis by claude-code · as of 6/21/2026, 4:37:03 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Middling fundamentals and a rich price (~72% above fair value) leave little margin of safety — a wait-and-see.
RBI is a high-quality, asset-light franchisor: per the 10-K it runs nearly $47B of system-wide sales across 33,000+ restaurants in 120+ countries under four brands (Tim Hortons, Burger King, Popeyes, Firehouse Subs), with over 95% franchised. That model shows in the cash: FY2025 operating cash flow rose 14% to $1.71B against just $265M of capex, and operating margin held at a healthy 23.3% on $9.43B of revenue (+12.2% YoY). Revenue has compounded steadily every year since 2021 ($5.74B → $9.43B). This is a genuine compounder with pricing power and royalty-stream durability.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $5.74B | $6.50B | $7.02B | $8.41B | $9.43B |
| Gross profit | — | — | — | — | — |
| Operating income | $1.88B | $1.90B | $2.05B | $2.42B | $2.20B |
| Net income | $1.25B | $1.48B | $1.72B | $1.45B | $1.07B |
| Diluted EPS | $2.69 | $3.25 | $3.76 | $3.18 | $2.35 |
| Net margin | 21.8% | 22.8% | 24.5% | 17.2% | 11.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Annual meeting voting results filed; directors elected, routine governance items passed
Q1 2026 10-Q: BK China now equity-method after JV close Jan 2026
Q1 2026 10-Q: BK China now equity-method after JV close Jan 2026
2026 proxy: board slate, exec pay and shareholder votes for annual meeting
FY25 10-K: rev $9.43B, ~33k units, ~$47B system sales; EPS -26% on China charges
Q4/FY25 results: revenue +12% but EPS -26% on BK China discontinued-ops charges
Signed Burger King China JV with CPE; offloads majority stake, de-risks China
$114M non-cash impairment on BK China holdings ahead of JV deconsolidation
Q3 2025 10-Q: BK China classified held-for-sale as discontinued operations
1482 tracked peers · median
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.