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Restaurant Brands International

QSR · NYSE · Retail-Eating Places
Insider buys (12 months)
0
Insider sales (12 months)
$55.7M
8-K reports (12 months)
8
Tracked investors holding
3

At a glance

Restaurant Brands International reported 2025 revenue of $9.43B, up 12.2% from $8.41B in 2024. Over 4 years since 2021 ($5.74B), that is growth of about 13.2% a year. Operating margin was 23.3%, down from 32.7% in 2021. 2025 was the highest revenue year in this period.

In the last 12 months 12 insiders reported 0 open-market purchases and 39 sales ($55.7M). None of the sales were flagged as 10b5-1 plan trades. The largest was a sale of $15M by Chief Executive Officer Joshua Kobza on Mar 18, 2026.

Restaurant Brands International filed 8 current reports (Form 8-K) in the last 12 months, most often for results of operations (4), regulation fd disclosure (1), shareholder vote results (1) and material agreement (1). It reported a material agreement or a completed acquisition or disposal 1 time.

3 of the 20 investors tracked here held Restaurant Brands International at the last quarter end, worth $1.68B combined. It is the largest weight for Pershing Square (12.2% of its portfolio), followed by Baupost Group (9%). Reduced: Baupost Group and Bridgewater Associates.

Annual results

2021
Revenue $5.74B
Op. $1.88B
2022
Revenue $6.5B
Op. $1.9B
2023
Revenue $7.02B
Op. $2.05B
2024
Revenue $8.41B
Op. $2.42B
2025
Revenue $9.43B
Op. $2.2B
RevenueOperating income (or net income)SEC XBRL annual filings, fiscal years mapped to calendar years
Year20212022202320242025
Net income$1.25B$1.48B$1.72B$1.45B$1.07B
Diluted EPS$2.69$3.25$3.76$3.18$2.35
Dividend per share$2.12$2.16$2.20$2.32$2.48

Fiscal year ends Dec 31 · incorporated in A6

Tracked investors holding (13F)

Pershing SquareUnchanged$1.67B · 12.2% · held 7 quarters
Bridgewater AssociatesReduced$6.8M · 0.0% · held 8 quarters
Baupost GroupReduced$490K · 9.0% · held 8 quarters

Weight is the share of each investor's portfolio, as of the quarter end.

Current reports (8-K, last 12 months)

Insider open-market trades (last 12 months)

Source: SEC EDGAR. How figures are combined