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 9,699M vs 69,290M combined for tracked competitors (12.3% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+3.9% annualized vs trailing 12 months), vs accelerating (+4.5%) for its tracked peer group.
- Growth: Restaurant Brands International Limited Partnership generated 4.6% revenue growth year over year in Q2 2026, vs 7.6% for its tracked competitors combined.
- Profitability: Its 26.4% net margin compares with 26.1% for the peer group.
- Peer revenue share: Restaurant Brands International Limited Partnership accounted for 12.2% of combined revenue among its tracked peer group, down from 12.5% a year earlier.
- Peer differentiation: Revenue per employee of $0.18M compares with $0.12M for the peer group (1.5x).
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, Q2 2026
Restaurant Brands International Limited Partnership reported revenue growth of 4.56 % year on year in Q2 2026, below its competitors' combined revenue growth of 7.63 %.
With a net margin of 26.39 %, Restaurant Brands International Limited Partnership achieved higher profitability than its competitors (26.10 %).
Restaurant Brands International Limited Partnership generated 12.22 % of the combined sales of its peer group, down from 12.53 % a year earlier.
Restaurant Brands International Limited Partnership vs. its Competitors, Q2 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 an SEC filing; 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 |
| Similar Growth & Profitability (7) | $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 8.1% year over year, combined, vs 4.6% for Restaurant Brands International Limited Partnership. Restaurant Brands International Limited Partnership's share of combined industry revenue moved from 3.60% to 3.49%, a loss of 0.12 percentage points.
Restaurant Brands International Limited Partnership's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Restaurant Brands International Limited Partnership | Yes | Yes | Yes | - |
| Competitors combined (6) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 62.50 % (5 of 8) | 42.90 % (3 of 7) |
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 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 | Yum Brands Inc | 282.9% | Outperformed |
| 3 | Chipotle Mexican Grill Inc | 282.9% | Outperformed |
| 4 | Mcdonald s Corporation | 282.9% | Outperformed |
| 5 | The Wendy s Company | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Restaurant Brands International Limited Partnership's best-performing tracked 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 | - | 9,699.00 |
| Mcdonald s Corporation | 166,112.96 | 27,702.00 |
| Chipotle Mexican Grill Inc | 40,738.19 | 12,423.76 |
| Yum Brands Inc | 38,303.56 | 8,722.00 |
| Darden Restaurants Inc | 22,913.43 | 13,210.90 |
| Domino s Pizza Inc | 9,737.92 | 5,027.82 |
| SUBTOTAL | 279,027.90 | 78,989.17 |
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Sources: Restaurant Brands International Limited Partnership's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
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 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 44.04 % |
| Mcdonald s Corporation | International Operated Markets 50.75 % |
| Chipotle Mexican Grill Inc | U. S. 97.61 % |
| Darden Restaurants Inc | Olive Garden 41.64 % |
| Domino s Pizza Inc | Supply Chain Center 63.37 % |
| The Wendy s Company | Wendy's U.S. 83.71 % |
Source: operating segment revenue as reported in each company's SEC filings (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).
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 | - | 181,290 | 31,794 |
| Mcdonald s Corporation | 166,113 | 184,680 | 58,580 |
| Chipotle Mexican Grill Inc | 40,738 | 95,347 | 10,893 |
| Yum Brands Inc | 38,304 | 178,000 | 90,102 |
| Darden Restaurants Inc | 22,913 | 62,930 | 5,748 |
| Domino s Pizza Inc | 9,738 | 492,923 | 58,483 |
| PEERS TOTAL | 279,028 | 122,783 | 29,328 |
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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 filing. 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 48.54 % |
| Yum Brands Inc | United States 54.40 % |
Source: revenue geography as reported in each company's SEC filings (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 (81 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 61.55 % (avg) | - |
| Operating Margin | 26.87 % | industry median | +22.4 pp |
| EBITDA Margin | 28.06 % | 2.98 % (avg) | +25.1 pp |
| Capital Intensity (Capex / Revenue) | 2.80 % | 6.19 % (avg) | -3.4 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 SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 17.06 % | 4.59 % | -11.33 % | 16.10 % | 7.54 % | 9.75 % | 19.71 % | 12.23 % |
| Operating Margin | 35.78 % | 35.82 % | 28.62 % | 33.21 % | 29.18 % | 26.24 % | 28.78 % | 23.34 % |
| Return on Invested Capital | 6.96 % | 7.88 % | 10.63 % | 7.07 % | 6.25 % | 5.98 % | 7.14 % | 6.31 % |
| 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
Every company in Restaurant Brands International Limited Partnership's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Restaurant Brands International Limited Partnership is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
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 2.80 % vs industry average 6.19 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Restaurant Brands International Limited Partnership's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Restaurant Brands International Limited Partnership's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Restaurant Brands International Limited Partnership's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
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 22.4 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+3.9% annualized vs trailing 12 months).
Weaknesses
- Return on equity 128.3 points below the industry aggregate.
Opportunities
- A meaningful share of tracked competitors (50.00 %) show financial-distress signals, a possible opening to gain share.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
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 | - | 1.01 | 2.55 |
| Mcdonald s Corporation | 0.28 | 1.04 | - |
| Chipotle Mexican Grill Inc | 0.31 | 1.09 | - |
| Yum Brands Inc | 0.30 | 0.86 | - |
| Darden Restaurants Inc | 0.09 | 0.37 | 1.04 |
| Domino s Pizza Inc | 0.64 | 1.60 | - |
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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 | Q2 2026 | +4.6 % | +152.9 % |
| Mcdonald s Corporation | Q2 2026 | +3.7 % | +4.8 % |
| Chipotle Mexican Grill Inc | Q2 2026 | +9.3 % | -7.5 % |
| Yum Brands Inc | Q2 2026 | +12.2 % | +58.8 % |
| Darden Restaurants Inc | Q2 2026 | +13.7 % | +33.2 % |
| Domino s Pizza Inc | Q2 2026 | +4.3 % | +3.6 % |
| PEERS TOTAL | +7.2 % | +24.9 % |
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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 | Q2 2026 | - | +34.2 % |
| Mcdonald s Corporation | Q2 2026 | +4.0 % | +13.5 % |
| Chipotle Mexican Grill Inc | Q2 2026 | - | +35.3 % |
| Yum Brands Inc | Q2 2026 | +25.0 % | +40.8 % |
| Darden Restaurants Inc | Q2 2026 | - | +10.8 % |
| Domino s Pizza Inc | Q2 2026 | +4.7 % | +17.0 % |
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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 | 6.72% | 5.64% | 32.38% |
| Mcdonald s Corporation | 14.64% | 16.32% | - |
| Chipotle Mexican Grill Inc | 15.80% | 11.37% | 53.26% |
| Yum Brands Inc | 54.70% | 80.08% | - |
| Darden Restaurants Inc | 9.45% | 11.44% | 54.55% |
| Domino s Pizza Inc | 34.16% | 48.33% | - |
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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 | 18.99 | 6.00 |
| Chipotle Mexican Grill Inc | 29.18 | 3.28 |
| Yum Brands Inc | 17.42 | 4.39 |
| Darden Restaurants Inc | 19.04 | 1.73 |
| Domino s Pizza Inc | 16.62 | 1.94 |
| PEERS AVERAGE | 15.29 | 3.53 |
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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.