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Restaurant Brands International vs Yum Brands: QSR and YUM compared

Restaurant Brands International is the larger company: $2.5B of revenue in its latest quarter (Q3 2026) against $2.1B for Yum Brands (Q3 2026). Yum Brands is growing faster (+4% against +3% a year earlier). Yum Brands is more profitable, with an operating margin of 112.8% against 27.6%.

Restaurant Brands International vs Yum Brands, latest quarterRestaurant Brands International vs Yum Brands, latest quarterRestaurant Brands International (QSR)Yum Brands (YUM)Revenue$2.5B$2.1BRevenue growth, Y/Y+3%+4%Operating margin27.6%112.8%Net margin21.5%79.0%Free cash flow$479M$388M

Where the money goes: QSR and YUM

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.

Yum Brands (YUM) · Q3 2026

Yum Brands, Q3 2026: revenue $2.1B (+4% year over year), operating margin 112.8%, net earnings $1.6B, operating cash flow $475M. The chart follows the revenue to costs, profit and cash.

Restaurant Brands International revenue by segment, Q3 2026Restaurant Brands International revenue by segment, Q3 2026TH$1.1BRH$487MBK$345MINTL$289M
Yum Brands revenue by segment, Q3 2026Yum Brands revenue by segment, Q3 2026KFC Global Division$948MTaco Bell Global Division$770MPizza Hut Global Division$202MThe Habit Burger Grill Global Div…$134M
Restaurant Brands International (QSR)Yum Brands (YUM)
Latest quarterQ3 2026Q3 2026
Revenue$2.5B$2.1B
Revenue growth, Y/Y+3%+4%
Operating margin27.6%112.8%
Net earnings$542M$1.6B
Net margin21.5%79.0%
Operating cash flow$551M$475M
Free cash flow$479M$388M
Market value$35.5B$44.6B
P/E18.1×13.0×
Analysts’ mean target$85.32$174.87

Where the revenue comes from

Restaurant Brands International

Yum Brands

Questions

Which is bigger, Restaurant Brands International or Yum Brands?

Restaurant Brands International is the larger company: $2.5B of revenue in its latest quarter (Q3 2026) against $2.1B for Yum Brands (Q3 2026).

Is Restaurant Brands International or Yum Brands growing faster?

Yum Brands is growing faster (+4% against +3% a year earlier).

Which is more profitable, Restaurant Brands International or Yum Brands?

Yum Brands is more profitable, with an operating margin of 112.8% against 27.6%.

More: Restaurant Brands International earnings · how Restaurant Brands International makes money · Yum Brands earnings · how Yum Brands makes money

From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.