Restaurant Brands International Limited Partnership's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Restaurant Brands International Limited Partnership (QSP) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Restaurant Brands International Limited Partnership vs Its Competitors
- TTM: Trailing 12-month revenue of 9,775M vs 61,129M combined for its competitors (13.8% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+3.3% annualized vs trailing 12 months), vs holding steady (+0.7%) for its tracked peer group.
- Growth: Restaurant Brands International Limited Partnership generated 3.1% revenue growth year over year in Q3 2026, vs 3.8% for its competitors combined.
- Profitability: Its 27.9% net margin compares with 21.0% for the peer group.
- Peer revenue share: Restaurant Brands International Limited Partnership accounted for 14.1% of combined revenue among its tracked peer group, down from 14.2% a year earlier.
- Peer differentiation: Revenue per employee of $0.18M compares with $0.12M for the peer group (1.5x).
- Structure: Restaurant Brands International Limited Partnership operates in the following segments: Tim Hortons, Restaurant Holdings, Burger King, International, Popeyes Louisiana Kitchen, Firehouse Subs.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
QSP Sales vs. its Competitors, Q3 2026
Restaurant Brands International Limited Partnership reported revenue growth of 3.10 % year on year in Q3 2026, below its competitors' combined revenue growth of 3.78 %.
With a net margin of 27.88 %, Restaurant Brands International Limited Partnership achieved higher profitability than its competitors (20.97 %).
Restaurant Brands International Limited Partnership generated 14.10 % of the combined sales of its peer group, down from 14.18 % a year earlier.
API endpoints for this dataset
Restaurant Brands International Limited Partnership vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Restaurant Brands International Limited Partnership reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Restaurant Brands International Limited Partnership and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Restaurant Brands International Limited Partnership | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Restaurant Brands International Limited Partnership's competitor groups requires a Commercial License.
For context: the Restaurants industry grew revenue 6.8% year over year, combined, vs 3.1% for Restaurant Brands International Limited Partnership. Restaurant Brands International Limited Partnership's share of combined industry revenue moved from 3.64% to 3.52%, a loss of 0.13 percentage points.
Restaurant Brands International Limited Partnership's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Restaurant Brands International Limited Partnership | Yes | Yes | Yes | No |
| Competitors combined (6) | ||||
| High-Confidence Competitors (6) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 75.00 % (6 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
QSP Stock Performance relative to its Competitors
QSP Stock Performance relative to High-Confidence Competitors
QSP Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Darden Restaurants Inc | 282.9% | Outperformed |
| 2 | Chipotle Mexican Grill Inc | 282.9% | Outperformed |
| 3 | Yum Brands Inc | 282.9% | Outperformed |
| 4 | The Wendy s Company | 282.9% | Outperformed |
| 5 | Mcdonald s Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Restaurant Brands International Limited Partnership's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Restaurant Brands International Limited Partnership's Comment on Competition and Industry Peers
Publicly Traded Peers of Restaurant Brands International Limited Partnership
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Restaurant Brands International Limited Partnership |
- | 9,775.00 |
 Mcdonald s Corporation |
199,343.95 | 27,781.00 |
 Chipotle Mexican Grill Inc |
45,301.37 | 12,713.48 |
 Yum Brands Inc |
44,563.76 | 8,722.00 |
 Darden Restaurants Inc |
26,285.69 | 13,366.50 |
 Domino s Pizza Inc |
11,066.33 | 5,066.36 |
| SUBTOTAL | 328,153.05 | 79,625.51 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Restaurant Brands International Limited Partnership versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Restaurant Brands International Limited Partnership's Competitors Named by the Company
Competitive relationships identified from Restaurant Brands International Limited Partnership reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Wendy's | Company report | 85% |
| McDonald's | Company report | 85% |
| Arcos Dorados Holdings Inc | Company report | 85% |
| KFC | Company report | 85% |
| Chick-fil-A | Company report | 85% |
| Bt Brands Inc | Company report | 85% |
| BTBDW | Company report | 85% |
| Chik-fil-A | Company report | 85% |
| Karat Packaging Inc | Company report | 85% |
| Yum China Holdings Inc | Company report | 85% |
| Darden Restaurants Inc | Company report | 85% |
| Chipotle Mexican Grill Inc | Company report | 85% |
| Yum Brands Inc | Company report | 85% |
| Red Robin Gourmet Burgers inc | Company report | 85% |
| Domino s Pizza Inc | Company report | 85% |
| Wingstop Inc | Company report | 85% |
| Jack In The Box Inc | Company report | 85% |
| Fat Brands Inc | Company report | 85% |
| Krispy Kreme Inc | Company report | 85% |
| Brinker International Inc | Company report | 85% |
| Cracker Barrel Old Country Store inc | Company report | 85% |
| Papa John s International Inc | Company report | 85% |
| Shake Shack Inc | Company report | 85% |
| One Group Hospitality Inc | Company report | 85% |
| Fiesta Restaurant Group Inc | Company report | 85% |
| Bloomin Brands Inc | Company report | 85% |
| Dine Brands Global inc | Company report | 85% |
| First Watch Restaurant Group Inc | Company report | 85% |
| Nathan s Famous Inc | Company report | 85% |
| Dutch Bros Inc | Company report | 85% |
| Gen Restaurant Group Inc | Company report | 85% |
| Dave and Buster s Entertainment Inc | Company report | 85% |
| Chuy s Holdings Inc | Company report | 85% |
| Ark Restaurants Corp | Company report | 85% |
| Denny s Corporation | Company report | 85% |
| Bj s Restaurants Inc | Company report | 85% |
| Portillos Inc | Company report | 85% |
| Yoshiharu Global Co | Company report | 85% |
| Flanigan s Enterprises Inc | Company report | 85% |
| Good Times Restaurants Inc | Company report | 85% |
| Biglari Holdings Inc | Company report | 85% |
| Kura Sushi Usa Inc | Company report | 85% |
| Starbucks Corporation | Company report | 85% |
| El Pollo Loco Holdings Inc | Company report | 85% |
| Lubys Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Restaurant Brands International Limited Partnership's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Restaurant Brands International Limited Partnership's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Restaurant Brands International Limited Partnership | Tim Hortons 44.99 % |
| Mcdonald s Corporation | International Operated Markets 51.18 % |
| Chipotle Mexican Grill Inc | U. S. 97.53 % |
| Yum Brands Inc | KFC Global Division 46.15 % |
| Darden Restaurants Inc | Olive Garden 41.55 % |
| Domino s Pizza Inc | Supply Chain Center 63.37 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Restaurant Brands International Limited Partnership's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Restaurant Brands International Limited Partnership | - | 182,710 | 36,804 |
| Mcdonald s Corporation | 199,344 | 185,207 | 59,967 |
| Chipotle Mexican Grill Inc | 45,301 | 97,570 | 10,569 |
| Yum Brands Inc | 44,564 | 178,000 | 90,102 |
| Darden Restaurants Inc | 26,286 | 63,671 | 5,632 |
| Domino s Pizza Inc | 11,066 | 496,702 | 59,743 |
| PEERS TOTAL | 328,153 | 123,776 | 29,550 |
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Restaurant Brands International Limited Partnership's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Restaurant Brands International Limited Partnership | United States 46.81 % |
| Yum Brands Inc | United States 52.48 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Restaurant Brands International Limited Partnership's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Restaurants industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (106 companies). See the full Restaurants industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 27.94 % | 35.29 % (avg) | -7.3 pp |
| Operating Margin | 27.00 % | industry median | +12.9 pp |
| EBITDA Margin | 28.31 % | 6.47 % (avg) | +21.8 pp |
| Capital Intensity (Capex / Revenue) | 2.90 % | 6.55 % (avg) | -3.6 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Restaurant Brands International Limited Partnership's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 17.06 % | 4.59 % | -11.33 % | 16.10 % | 7.54 % | 7.95 % | 19.71 % | 12.23 % |
| Operating Margin | 35.78 % | 35.82 % | 28.62 % | 33.21 % | 29.18 % | 27.77 % | 28.78 % | 23.34 % |
| Return on Invested Capital | 6.96 % | 7.88 % | 10.63 % | 7.07 % | 6.25 % | 6.50 % | 7.14 % | 6.30 % |
| P/E | - | - | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Restaurant Brands International Limited Partnership's Strategic Group Map
Restaurant Brands International Limited Partnership is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Restaurant Brands International Limited Partnership's trailing-12-month revenue growth of 5.5% and operating margin of 27.0% compares with an average of 5.1% growth and 19.7% margin across its 8 closest peers by combined growth, margin and ROIC -- Restaurant Brands International Limited Partnership sits above that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Restaurant Brands International Limited Partnership's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.90 % vs industry average 6.55 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Restaurant Brands International Limited Partnership's dedicated Suppliers and Customers pages, not here.
Restaurant Brands International Limited Partnership's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Restaurant Brands International Limited Partnership falls in the Low attractiveness / High strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Restaurant Brands International Limited Partnership's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 12.9 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+3.3% annualized vs trailing 12 months).
Weaknesses
- Return on equity 11.7 points below the industry aggregate.
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Restaurant Brands International Limited Partnership's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Restaurant Brands International Limited Partnership | - | 0.98 | 2.49 |
| Mcdonald s Corporation | 0.24 | 1.10 | - |
| Chipotle Mexican Grill Inc | 0.28 | 0.91 | - |
| Yum Brands Inc | 0.30 | 0.86 | - |
| Darden Restaurants Inc | 0.08 | 0.35 | 1.09 |
| Domino s Pizza Inc | 0.37 | 1.02 | - |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Restaurant Brands International Limited Partnership's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Restaurant Brands International Limited Partnership | Q3 2026 | +3.1 % | +61.5 % |
| Mcdonald s Corporation | Q3 2026 | +1.1 % | +9.1 % |
| Chipotle Mexican Grill Inc | Q3 2026 | +9.6 % | -11.1 % |
| Yum Brands Inc | Q2 2026 | +12.2 % | +58.8 % |
| Darden Restaurants Inc | Q3 2026 | +5.1 % | -9.5 % |
| Domino s Pizza Inc | Q3 2026 | +3.4 % | +9.2 % |
| PEERS TOTAL | +4.5 % | +20.5 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Restaurant Brands International Limited Partnership's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Restaurant Brands International Limited Partnership | Q3 2026 | +433.3 % | +18.0 % |
| Mcdonald s Corporation | Q3 2026 | +3.2 % | -15.2 % |
| Chipotle Mexican Grill Inc | Q3 2026 | - | +48.6 % |
| Yum Brands Inc | Q2 2026 | +25.0 % | +40.8 % |
| Darden Restaurants Inc | Q3 2026 | +179.6 % | +0.3 % |
| Domino s Pizza Inc | Q3 2026 | +3.2 % | +1.8 % |
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Restaurant Brands International Limited Partnership's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Restaurant Brands International Limited Partnership | 7.82% | 6.51% | 36.85% |
| Mcdonald s Corporation | 14.98% | 15.40% | - |
| Chipotle Mexican Grill Inc | 15.26% | 11.06% | 55.68% |
| Yum Brands Inc | 54.70% | 80.08% | - |
| Darden Restaurants Inc | 9.17% | 11.42% | 54.41% |
| Domino s Pizza Inc | 34.38% | 64.34% | - |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Restaurant Brands International Limited Partnership's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Restaurant Brands International Limited Partnership | - | - |
| Mcdonald s Corporation | 22.28 | 7.18 |
| Chipotle Mexican Grill Inc | 33.34 | 3.56 |
| Yum Brands Inc | 20.26 | 5.11 |
| Darden Restaurants Inc | 22.53 | 1.97 |
| Domino s Pizza Inc | 18.45 | 2.18 |
| PEERS AVERAGE | 17.60 | 4.12 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.