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Company

Restaurant Brands International Limited Partnership

Ticker
RSTRF
Sector
Industry
Report date
October 29, 2026
Valye AI Score

89

Very high visibility
Recent developments
Recent developments summary

Recent news coverage primarily reflects broader market movements and unrelated company-specific developments. The company announced a debt offering in 2020 but no recent direct business updates were found.

Recent developments:
  • Restaurant Brands International announced the launch of an offering of second lien senior secured notes in September 2020 [N9].
  • Recent news items focus on broader market trends and other companies, with no direct recent business developments reported for Restaurant Brands International Limited Partnership [N1].
Overview

Restaurant Brands International Limited Partnership is a multi-brand restaurant company operating well-known quick-service brands such as Tim Hortons, Burger King, Popeyes Louisiana Kitchen, and Firehouse Subs. The company generates revenue through franchising and direct restaurant operations across various geographic segments, including international markets. It employs multiple sales channels, including sales through intermediaries and direct-to-consumer channels. The company’s financial disclosures indicate substantial quarterly revenues and a complex segment structure with intersegment eliminations.

Executive summary

Financial figures (if any) are summarized from the latest available SEC filings and are provided for informational purposes only — not financial advice. Restaurant Brands International Limited Partnership operates multiple restaurant brands including Tim Hortons, Burger King, Popeyes Louisiana Kitchen, and Firehouse Subs. The company reported revenues of $2.525 billion for the quarter ended September 30, 2026, with current assets of $2.31 billion and current liabilities of $2.417 billion, resulting in a current ratio of 0.96 and a cash ratio of 0.65. Net income was $139 million for the fiscal year ended December 31, 2020. The company uses multiple sales channels and operates several segments including international operations [S1][S2].

Scenarios for RSTRF

Bull case model:

The company’s diversified brand portfolio and international footprint provide multiple revenue streams and market exposure. Its franchising model supports steady cash flow generation and operational leverage. The presence of multiple sales channels and segments allows flexibility in adapting to market conditions and consumer preferences. The company’s liquidity ratios indicate reasonable short-term financial stability as of the latest quarter.

Bear case model:

The company’s current ratio below 1.0 suggests potential short-term liquidity constraints. The competitive quick-service restaurant industry faces risks from changing consumer tastes, economic cycles, and operational challenges. Intersegment eliminations and complex segment reporting may obscure transparency. The company’s net income figures are dated, and recent profitability trends are not disclosed in the provided data. Market volatility and macroeconomic factors could impact performance.

Moat:

The company’s moat is supported by its portfolio of globally recognized restaurant brands with established customer bases and franchising networks. Its diversified brand portfolio and international presence provide competitive advantages in scale, brand recognition, and operational expertise. The franchising model allows for revenue generation with relatively lower capital expenditure compared to wholly owned operations, supporting scalability and margin potential.

Risks overview
Risks summary
Short-term liquidity constraints combined with competitive pressures in the quick-service restaurant industry represent the primary risks.
Risks details:

• Liquidity Risk: The current ratio of 0.96 as of September 30, 2026, indicates that current liabilities slightly exceed current assets, which may pose short-term liquidity challenges [S2].
• Industry Competition: The quick-service restaurant sector is highly competitive with evolving consumer preferences and pricing pressures that could affect revenue and margins.
• Operational Complexity: Operating multiple brands and international segments with intersegment eliminations adds complexity to financial reporting and operational management.

FINAL FORECAST FOR RSTRF

Final take one line
Restaurant Brands International Limited Partnership has high visibility through detailed SEC filings and established multi-brand operations, with liquidity and competitive pressures as key considerations.
Final take 12 to 24 month view

Business trends: Multi-brand franchising and international expansion remain central to revenue generation, with diversified sales channels supporting market reach.
Execution milestones: Maintaining operational efficiency across segments and managing liquidity levels are critical execution areas.
Key risks: Short-term liquidity constraints, competitive industry dynamics, and operational complexity pose ongoing challenges.

Valye AI Visibility Research Score

Very high visibility

Visibility score reflects the breadth and consistency of available disclosure across SEC filings, recent public reporting, and baseline business context (research-only; not investment advice).

89
LLM visibility overview
LLM Visibility known facts
  • Restaurant Brands International Limited Partnership operates multiple restaurant brands including Tim Hortons, Burger King, Popeyes Louisiana Kitchen, and Firehouse Subs as indicated in SEC filings [S2].
  • The company reports revenues of approximately $2.525 billion for the quarter ended September 30, 2026, according to its latest 10-Q filing [S2].
  • As of September 30, 2026, the company had current assets of $2.31 billion and current liabilities of $2.417 billion, resulting in a current ratio of 0.96 and a cash ratio of 0.65, indicating liquidity levels [S2].
  • The company’s net income was $139 million for the fiscal year ended December 31, 2020, as reported in the 10-K filing [S1].
  • The company’s operating segments include Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, an International segment, and Restaurant Holdings, with intersegment eliminations noted [S2].
  • The company uses multiple sales channels including sales through intermediaries and direct-to-consumer sales [S2].
  • The company announced the launch of an offering of second lien senior secured notes in September 2020 [N9].
  • Recent news coverage includes broader market context but no direct recent business developments specific to Restaurant Brands International Limited Partnership [N1].
Sources
Sources - Context summary

Generated 2026-10-30

Sources - Earning calls
Sources - Other context
Sources - SEC Filings
  • S1 | 2026-02-20 | 10-K
  • S2 | 2026-10-29 | 10-Q
Sources - News headlines
  • N1 | 2026-10-30 | www.nasdaq.com | Japanese Market Sharply Lower | https://www.nasdaq.com/articles/japanese-market-sharply-lower-12
  • N2 | 2026-10-30 | www.nasdaq.com | Monolithic Power Systems, Inc. Reports Q3 2026 Results, Appoints Tony Balow as CFO and Robert Dean as CAO | https://www.nasdaq.com/articles/monolithic-power-systems-inc-reports-q3-2026-results-appoints-tony-balow-cfo-and-robert
  • N3 | 2026-10-30 | www.nasdaq.com | Stocks Close Lower as Alphabet Disappoints and Chip Stocks Fall | https://www.nasdaq.com/articles/stocks-close-lower-alphabet-disappoints-and-chip-stocks-fall
  • N4 | 2026-10-30 | www.nasdaq.com | Alignment Healthcare, Inc. Reports Third Quarter 2026 Revenue of $1.36 Billion and Lowers Certain Full-Year Guidance | https://www.nasdaq.com/articles/alignment-healthcare-inc-reports-third-quarter-2026-revenue-136-billion-and-lowers-certain
  • N5 | 2026-10-30 | www.nasdaq.com | SkyWest, Inc. Reports Q3 2026 Net Income of $120 million | https://www.nasdaq.com/articles/skywest-inc-reports-q3-2026-net-income-120-million
  • N6 | 2026-10-30 | www.nasdaq.com | Starz Entertainment Corp. Reports Results for the Third Quarter Ended September 30, 2026 | https://www.nasdaq.com/articles/starz-entertainment-corp-reports-results-third-quarter-ended-september-30-2026
  • N7 | 2026-10-30 | www.nasdaq.com | MCAN Mortgage Corp. Q3 Income Drops | https://www.nasdaq.com/articles/mcan-mortgage-corp-q3-income-drops
  • N8 | 2026-10-30 | www.nasdaq.com | Dutch Bros vs. Monster Beverage: Which Stock Is the Better Buy? | https://www.nasdaq.com/articles/dutch-bros-vs-monster-beverage-which-stock-better-buy
Important legal disclaimer

This material is for informational purposes only and does not constitute investment, financial, legal or tax advice, or an offer or solicitation to buy or sell any security. The Valye AI Score is a model-based estimate derived from public information and is subject to change without notice. No representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information herein. Past performance is not indicative of future results. Investors should conduct their own research and consult a qualified financial adviser before making any investment decisions.

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