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Restaurant Brands International Inc.: Business Overview, Financials & Competitive Analysis

Restaurant Brands International is an American-Canadian multinational fast food holding company formed in 2014 by the $12.5 billion merger between Burger King and Tim Hortons, and expanded with the purchases of Popeye...

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6/ 10Solid

Cyborg Score thesis

Global QSR portfolio leader with strong franchise economics offset by execution challenges at key brands requiring operational...

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Industry Quick-Service Restaurants (QSR) / Fast Food
4 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: November 2, 2026
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Restaurant Brands International Inc. Overview

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Restaurant Brands International is an American-Canadian multinational fast food holding company formed in 2014 by the $12.5 billion merger between Burger King and Tim Hortons, and expanded with the purchases of Popeyes and Firehouse Subs in 2017 and 2021. With nearly $45 billion in annual system-wide sales and over 32,000 restaurants in more than 120 countries and territories, RBI is one of the world's largest quick service restaurant companies.

Strategic Profile

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The company is the fifth-largest operator of fast food restaurants in the world after Subway, McDonald's, Starbucks and Yum! Brands. RBI primarily makes money through a highly-franchised business model, collecting royalties and rental income from its vast network of global restaurants, plus significant revenue from its supply chain operations, particularly for Tim Hortons. Recent strategic moves include forming a joint venture for Burger King China to accelerate expansion, with CPE owning roughly 83% and Restaurant Brands retaining a minority stake of about 17%.

Competitive Landscape

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RBI ranks as the fifth-largest fast food operator globally, behind Subway, McDonald's, Starbucks, and Yum! Brands. The company's competitive strength lies in distinct brand advantages like Tim Hortons' dominance in Canadian coffee and Burger King's flame-grilled differentiation.

Industry Context

Restaurant Brands International Inc. operates in Quick-Service Restaurants (QSR) / Fast Food.

Key facts

Founded: 2014 · Headquarters: Toronto, Canada · Revenue: $9.37B · Market cap: $24.54B

What the AI analysts debated

AI-generated and not independently verified: selected findings from the multi-agent debate on Restaurant Brands International Inc..

  • Strong international same-store sales growth of 3.1% in Q4 2025 fueled company-wide performance.
  • Tim Hortons reported same-store sales growth of 2.9% and accounted for 46% of Restaurant Brands' overall revenue during the quarter.
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Recent developments

Material events tracked by the AskCyborg corpus.

  • January 2026Burger King China joint venture closed with CPE as majority owner
  • February 2026Leadership changes announced with Peter Perdue tapped to lead Burger King U.S./Canada operations
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

McDonald'sGlobal hamburger and fast-food leader→Yum! BrandsMulti-brand operator of KFC, Taco Bell, and Pizza Hut→StarbucksGlobal coffee and beverage leader→SubwayGlobal sandwich and quick-service chain→

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Industry context

Restaurant Brands International Inc. operates in Quick-Service Restaurants (QSR) / Fast Food. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Restaurant Brands International Inc. do?+
Restaurant Brands International is an American-Canadian multinational fast food holding company formed in 2014 by the $12.5 billion merger between Burger King and Tim Hortons, and expanded with the purchases of Popeye...
What is Restaurant Brands International Inc.'s Cyborg Score?+
Restaurant Brands International Inc. has a Cyborg Score of 6/10 (Solid). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Restaurant Brands International Inc.'s main competitors?+
Named competitors include McDonald's, Yum! Brands, Starbucks, Subway. The full competitive landscape is in the AskCyborg report.
How can I get the full Restaurant Brands International Inc. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Restaurant Brands International Inc. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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8Jubilant FoodWorks Limited7Alamar Foods Company7Herfy Food Services Company6Pizza Pizza Royalty Corp.6Restaurant Brands International Inc.6The Wendy's Company5Devyani International Limited4Jack in the Box Inc.7Starbucks Corporation