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Restaurant Brands International vs Restaurant Brands International Limited Partnership: QSR and QSP compared
Restaurant Brands International is the larger company: $2.5B of revenue in its latest quarter (Q3 2026) against $2.5B for Restaurant Brands International Limited Partnership (Q3 2026). Restaurant Brands International is growing faster (+3% against +3% a year earlier). Restaurant Brands International is more profitable, with an operating margin of 27.6% against 27.6%.
Where the money goes: QSR and QSP
Restaurant Brands International (QSR) · Q3 2026
Restaurant Brands International, Q3 2026: revenue $2.5B (+3% year over year), operating margin 27.6%, net earnings $542M, operating cash flow $551M. The chart follows the revenue to costs, profit and cash.
Restaurant Brands International Limited Partnership (QSP) · Q3 2026
Restaurant Brands International Limited Partnership, Q3 2026: revenue $2.5B (+3% year over year), operating margin 27.6%, net earnings $704M, operating cash flow $551M. The chart follows the revenue to costs, profit and cash.
| Restaurant Brands International (QSR) | Restaurant Brands International Limited Partnership (QSP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.5B | $2.5B |
| Revenue growth, Y/Y | +3% | +3% |
| Operating margin | 27.6% | 27.6% |
| Net earnings | $542M | $704M |
| Net margin | 21.5% | 27.9% |
| Operating cash flow | $551M | $551M |
| Free cash flow | $479M | $479M |
| Market value | $35.5B | — |
| P/E | 18.1× | — |
| Analysts’ mean target | $85.32 | — |
Where the revenue comes from
Restaurant Brands International
- TH: $1.1B (45%)
- RH: $487M (19%)
- BK: $345M (14%)
- INTL: $289M (11%)
Restaurant Brands International Limited Partnership
- TH: $1.1B (45%)
- RH: $487M (19%)
- BK: $345M (14%)
- INTL: $289M (11%)
Questions
Which is bigger, Restaurant Brands International or Restaurant Brands International Limited Partnership?
Restaurant Brands International is the larger company: $2.5B of revenue in its latest quarter (Q3 2026) against $2.5B for Restaurant Brands International Limited Partnership (Q3 2026).
Is Restaurant Brands International or Restaurant Brands International Limited Partnership growing faster?
Restaurant Brands International is growing faster (+3% against +3% a year earlier).
Which is more profitable, Restaurant Brands International or Restaurant Brands International Limited Partnership?
Restaurant Brands International is more profitable, with an operating margin of 27.6% against 27.6%.
More: Restaurant Brands International earnings · how Restaurant Brands International makes money · Restaurant Brands International Limited Partnership earnings · how Restaurant Brands International Limited Partnership makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.