QSR Restaurant Brands International Inc.
XNYS 77.63 DelayedStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
QSR
$77.63
—
What changed
Recent filings, trades and movesKey stats
$77.63
- 52-Week Range
- $65.42 – $81.96
- YTD
- +14.48%
- IV Rank (30D)
- 34.65
- Straddle Price
- $4.80
- P/C Vol Ratio
- 1.34
- Market Cap
- $27.0B
- Open
- $76.72
- Day Range
- $76.61 – $76.72
- Volume
- 14,170
- Prev Close
- $77.63
Fair Value
MODEL: SHORT
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.84% |
| Beta vs SPY | 0.63 |
| Cost of Equity (CAPM) | 7.99% (VRP-adj) |
| WACC | 7.58% |
| Volatility Risk Premium | +16.6pp (IV − HV30) |
| Effective Tax Rate | 2.4% |
| Rev. Growth (YoY, DCF input) | +2.4% |
| DCF Horizon | 12 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.02 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $1.6B |
| Return on Equity (TTM) | 38.1% |
| Book / Price | 15.6% |
| Gross Margin (TTM) | 54.2% |
| FCF Margin (TTM) | 16.2% |
| Debt / Equity | 2.43 |
| Quality Score | 4/6 — high quality (12y DCF) |
| Market-Implied Growth | +8.5% (reverse-DCF on current price) |
| SMA 50 | $74.23 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $74.87 |
| Bollinger Width / SMA20 | 10.3% (drives anchor stability) |
| Net Debt | $12.5B |
| Market Cap | $35B |
Peers used for multiples: AMZN, BROS, CVS, HHH, KO, META, SBUX
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
61%
20-Day Fair Value
≈ by Dec 9, 2026
$77.25
α -0.5%
rank 18%
conviction
38%
40-Day Fair Value
≈ by Jan 7, 2027
$77.33
α -0.4%
rank 18%
conviction
15%
60-Day Fair Value
≈ by Feb 5, 2027
$75.73
α -2.4%
rank 18%
conviction
61%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $42.05 | 20% | |
| DDM (Gordon) | $58.85 | 16% | |
| Peer P/E | $89.66 | 9% | median 20.8× · 7 peers |
| Peer EV/EBITDA | $76.13 | 9% | median 15.6× · 7 peers |
| Peer P/B | $61.57 | 2% | median 5.1× · 6 peers |
| Peer P/S | $68.55 | 6% | median 3.1× · 7 peers |
| Market Anchor (SMA50) | $74.23 | 39% | stability 98% (BB-width) |
| Options Expected (B-L 30d) | $77.53 | 0% | 9 strikes · skew -1.09 |
As of 2026-11-10 · updated
Related
About
- Industry (SIC)
- RETAIL-EATING PLACES (5812) · industry map
- Exchange
- XNYS
- Market Cap
- $27.0B
- Employees
- 53,500
- List Date
- 2014-12-10
- CIK
- 0001618756
- Last Earnings
- Oct 29 before open · −2.0% vs ±6.2% expected
- Next Earnings
- ~Feb 11, 2027 (estimated)
- Headquarters
- Miami, FL
- Homepage
- https://www.rbi.com
Restaurant Brands generates about $47 billion in system sales across more than 33,000 restaurants in over 120 markets, making it one of the largest restaurant companies globally. Its banners include Burger King (7,025 stores), Tim Hortons (4,586), Popeyes (3,578), and Firehouse Subs (1,449), concentrated in the US and Canada; these brands also comprise 16,403 franchised international locations as of year-end 2025. Restaurant Brands primarily earns revenue from franchise and property fees, supply chain sales within the Tim Hortons segment, company-operated restaurants, and advertising royalties…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -2.85% | -6.92% | 3.77% | 1.59% | -6.13% | -1.21% | -1.96% |
| Feb | 1.46% | -0.90% | -3.82% | -2.20% | 5.75% | 7.06% | 1.22% |
| Mar | 5.91% | 6.86% | 5.19% | 2.24% | 2.79% | 2.71% | 4.28% |
| Apr | 4.67% | -1.94% | 3.94% | -3.31% | -4.12% | 7.43% | 1.11% |
| May | -0.98% | -7.81% | 3.27% | -6.34% | 9.44% | -6.66% | -1.51% |
| Jun | -8.56% | -3.28% | 2.95% | 0.41% | -7.93% | -0.48% | -2.81% |
| Jul | 4.65% | 3.92% | -0.91% | -0.43% | -0.09% | 2.92% | 1.68% |
| Aug | -4.05% | 8.34% | -7.81% | -0.37% | -6.90% | 6.77% | -0.67% |
| Sep | -5.38% | -10.40% | -4.69% | 5.38% | 2.62% | -9.13% | -3.60% |
| Oct | -9.06% | 9.74% | 3.35% | -4.06% | -0.71% | 3.80% | 0.51% |
| Nov | -2.79% | 12.51% | 5.99% | -0.53% | 10.05% | 4.01%* | 4.87% |
| Dec | 11.65% | -2.43% | 7.62% | -6.51% | -4.72% | -- | 1.12% |
| Total | -7.22% | 4.74% | 19.08% | -13.85% | -2.04% | 16.87% | 2.93% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $75.19
SMA 50: $74.23
SMA 200: $74.33
Current: $77.63
EMA 12: $76.15
EMA 26: $75.01
MACD: 1.1371 | Signal: 0.4208
BULLISH
ADX (14): 17.73
RANGE
+DI: 23.97
−DI: 19.51
Momentum Oscillators
RSI (14): 61.11
NEUTRAL
Stoch %K: 82.17
Stoch %D: 86.60
Williams %R: -17.60
Volume & Volatility
BB Upper: $78.86
BB Lower: $71.52
NEUTRAL
OBV: 7,966,399
Vol SMA 20: 3,013,085
Vol ROC: -6.65%
ATR: $1.95
True Range: $1.57
HV 20: 29.5%
HV 30: 25.7%
HV 60: 25.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-12T00:00:00 – 2026-11-10T00:00:00
AI Analysis
Written before QSR’s Oct 29 earnings report, so it doesn’t reflect the results.
LLM Stock Analysis Report: QSR
Executive Summary Overall Assessment: NEUTRAL (6/10) Key Drivers: + Strong technical signals from MACD and RSI + Positive recent news headlines Primary Risks: + Overbought conditions from Bollinger Bands + Low volatility regime may indicate limited upside potential
Investment Thesis: QSR is trading within a range-bound environment, characterized by strong technical momentum and positive news sentiment. While overbought conditions are present, the stock's low volatility suggests that further upside movement could be limited. A cautious approach with risk management considerations is recommended.
Recent News Sentiment Impact: Positive news headlines have contributed to the stock's recent rally, emphasizing QSR's turnaround efforts and highlighting its competitive advantages in the fast-food industry.
Technical Analysis Trend Direction: Short-term (1-4 weeks) - Uptrend; Medium-term (1-3 months) - Range-bound
Support/Resistance Levels: + Upper Bollinger Band ($76.70) + SMA 20 ($74.20)
Momentum Signals: RSI Interpretation: Neutral (61.91), indicating overbought conditions MACD Signal: Bullish (0.37 / Signal: 0.33)
Generated
News
All QSR news →
Burger King reclaims #2 burger spot as global same-store sales growth extends to fifth quarter.
The burger chain’s momentum anchored third-quarter profit growth for parent company Restaurant Brands International and helped widen its competitive gap against direct competitors.
Earnings History
19 of 24 under expected move
Avg Expected Move
5.32%
Avg Actual Move
3.00%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-11 | Pre-Market | 5.66% | 1.56% | 0.28x | Within |
| 2021-04-30 | Pre-Market | 5.19% | 1.22% | 0.24x | Within |
| 2021-07-30 | Pre-Market | 5.04% | 5.07% | 1.01x | Exceeded |
| 2021-10-25 | Pre-Market | 5.34% | 5.02% | 0.94x | Within |
| 2022-02-15 | Pre-Market | 5.13% | 3.59% | 0.70x | Within |
| 2022-05-03 | Pre-Market | 6.58% | 3.16% | 0.48x | Within |
| 2022-08-04 | Pre-Market | 5.13% | 7.42% | 1.45x | Exceeded |
| 2022-11-03 | Pre-Market | 5.93% | 1.51% | 0.25x | Within |
| 2023-02-14 | Pre-Market | 4.31% | 2.73% | 0.63x | Within |
| 2023-05-02 | Pre-Market | 4.79% | 2.18% | 0.46x | Within |
| 2023-08-08 | Pre-Market | 4.51% | 0.35% | 0.08x | Within |
| 2023-11-03 | Pre-Market | 5.11% | 1.87% | 0.37x | Within |
| 2024-02-13 | Pre-Market | 4.43% | 4.48% | 1.01x | Exceeded |
| 2024-04-30 | Pre-Market | 5.73% | 2.72% | 0.47x | Within |
| 2024-08-08 | Pre-Market | 6.10% | 2.00% | 0.33x | Within |
| 2024-11-05 | Pre-Market | 5.82% | 2.63% | 0.45x | Within |
| 2025-02-12 | Pre-Market | 5.27% | 1.58% | 0.30x | Within |
| 2025-05-08 | Pre-Market | 4.82% | 0.53% | 0.11x | Within |
| 2025-08-07 | Pre-Market | 5.25% | 5.15% | 0.98x | Within |
| 2025-10-30 | Pre-Market | 6.06% | 1.50% | 0.25x | Within |
| 2026-02-12 | Pre-Market | 4.49% | 6.15% | 1.37x | Exceeded |
| 2026-05-06 | Pre-Market | 4.68% | 5.47% | 1.17x | Exceeded |
| 2026-08-06 | Pre-Market | 5.97% | 2.11% | 0.35x | Within |
| 2026-10-29 | Pre-Market | 6.24% | 2.03% | 0.33x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
QSR Options Activity & IV Rank
QSR IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 24.4%
7-DTE IV: 26.0%
Expected Move: $4.80
7-DTE Move: $2.67
Days to Exp: 38 (2026-12-18)
Options Flow · All expiries
Call Volume: 582
Put Volume: 779
P/C Volume: 1.338
BEARISH
Call OI: 10,416
Put OI: 7,577
P/C OI: 0.727
Total OI: 17,993
ATM Options Pricing
ATM Call: $2.62
ATM Put: $2.17
Call %: 3.4%
Put %: 2.8%
Chain Summary
Chain Volume: 1,361
Chain OI: 17,993
Last Updated: 11/10/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 83rd percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
83%
vs own history
GEX tilt
+0.64
OI-weighted, today
Vanna tilt
+0.52
δ-sensitivity to IV
Charm tilt
-0.46
δ-decay vs time
Vanna tilt +0.52: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.46: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 37 ATM contracts, 10k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Nov 10 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Nov 10 · No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)26.0MediumNov 10
IV Rank (30 DTE)34.6MediumNov 10
Straddle Price (30 DTE)$4.80Nov 10
Beta Analysis
Risk Metrics
Beta: 0.0944
Alpha: 13.60%
Correlation: 0.0524
R-Squared: 0.3%
Stock Volatility: 24.6%
Market Volatility: 13.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own QSR
6 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Pershing Square Activist Bill Ackman | $3.55B | #5 of 17 | +112.0% | 13F | |
| Baupost Group Hedge fund Seth Klarman | $489.6M | #3 of 23 | -16.4% | 13F | |
| Citadel Hedge fund Ken Griffin | $212.3M | #183 of 6285 | +41.0% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $25.5M | #410 of 4729 | +3.3% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $14.4M | #1340 of 3716 | +58.1% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $6.8M | #414 of 997 | -11.0% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
QSR Institutional Ownership (13F)
Filings for 2026-06-30 · 249 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 458,500,000 (as of 2026-09-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
27 filers$225.10M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $52.52M | 23.33% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $30.82M | 13.69% | 2026-06-30 |
| 3 | IMC-Chicago, LLC Custodian | $27.59M | 12.26% | 2026-09-30 |
| 4 | Citadel Advisors LLC Custodian | $21.19M | 9.42% | 2026-06-30 |
| 5 | Goldman Sachs Group Inc Custodian | $18.13M | 8.05% | 2026-06-30 |
| 6 | GROUP ONE TRADING LLC Custodian | $8.77M | 3.90% | 2026-06-30 |
| 7 | Simplex Trading, LLC Custodian | $8.24M | 3.66% | 2026-09-30 |
| 8 | Wells Fargo & Company Custodian | $7.90M | 3.51% | 2026-06-30 |
| 9 | SIG North Trading, ULC | $5.68M | 2.52% | 2026-06-30 |
| 10 | Walleye Trading LLC | $5.54M | 2.46% | 2026-06-30 |
| 11 | Tidal Investments LLC | $5.31M | 2.36% | 2026-06-30 |
| 12 | Twin Tree Management, LP | $4.86M | 2.16% | 2026-06-30 |
| 13 | Walleye Capital LLC | $3.97M | 1.76% | 2026-06-30 |
| 14 | Royal Bank of Canada Custodian | $3.63M | 1.61% | 2026-06-30 |
| 15 | Squarepoint Ops LLC | $3.52M | 1.57% | 2026-06-30 |
| 16 | D. E. Shaw & Co., Inc. Custodian | $3.27M | 1.45% | 2026-06-30 |
| 17 | Bank of Montreal Custodian | $3.04M | 1.35% | 2026-06-30 |
| 18 | Jefferies Financial Group Inc. | $2.62M | 1.17% | 2026-09-30 |
| 19 | National Bank of Canada Custodian | $1.99M | 0.88% | 2026-06-30 |
| 20 | Two Sigma Investments, LP Custodian | $1.33M | 0.59% | 2026-06-30 |
| 21 | Point72 Asset Management, L.P. | $1.06M | 0.47% | 2026-06-30 |
| 22 | TUDOR INVESTMENT CORP ET AL | $964.38K | 0.43% | 2026-06-30 |
| 23 | Millennium Management LLC Custodian | $913.63K | 0.41% | 2026-06-30 |
| 24 | TORONTO DOMINION BANK | $804.31K | 0.36% | 2026-06-30 |
| 25 | PEAK6 LLC | $768.61K | 0.34% | 2026-06-30 |
21 filers$70.17M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $22.28M | 31.74% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $11.59M | 16.52% | 2026-06-30 |
| 3 | Bank of Montreal Custodian | $7.43M | 10.58% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $5.65M | 8.05% | 2026-06-30 |
| 5 | IMC-Chicago, LLC Custodian | $4.03M | 5.74% | 2026-09-30 |
| 6 | Polar Asset Management Partners Inc. | $3.66M | 5.22% | 2026-06-30 |
| 7 | Millennium Management LLC Custodian | $3.30M | 4.70% | 2026-06-30 |
| 8 | Simplex Trading, LLC Custodian | $2.81M | 4.00% | 2026-09-30 |
| 9 | SIG North Trading, ULC | $1.59M | 2.26% | 2026-06-30 |
| 10 | GROUP ONE TRADING LLC Custodian | $1.56M | 2.22% | 2026-06-30 |
| 11 | Volterra Technologies LP | $1.28M | 1.82% | 2026-06-30 |
| 12 | Squarepoint Ops LLC | $1.22M | 1.74% | 2026-06-30 |
| 13 | WOLVERINE ASSET MANAGEMENT LLC | $1.07M | 1.53% | 2026-09-30 |
| 14 | Walleye Capital LLC | $957.13K | 1.36% | 2026-06-30 |
| 15 | Two Sigma Investments, LP Custodian | $536.57K | 0.76% | 2026-06-30 |
| 16 | Wells Fargo & Company Custodian | $471.31K | 0.67% | 2026-06-30 |
| 17 | Walleye Trading LLC | $253.78K | 0.36% | 2026-06-30 |
| 18 | Murchinson Ltd. | $210.28K | 0.30% | 2026-06-30 |
| 19 | National Bank of Canada Custodian | $145.05K | 0.21% | 2026-06-30 |
| 20 | TORONTO DOMINION BANK | $101.44K | 0.14% | 2026-06-30 |
| 21 | MARINER INVESTMENT GROUP LLC | $37.50K | 0.05% | 2026-09-30 |
QSR Insider Trading (Form 4)
Latest: 2026-10-06Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-06 | J Patrick Doyle | Executive Chairman | Award (A) | — | — | EDGAR | |
| 2026-10-06 | Joshua Kobza | Chief Executive Officer | Award (A) | — | — | EDGAR | |
| 2026-10-06 | Jacqueline Friesner | See Remarks | Award (A) | — | — | EDGAR | |
| 2026-10-06 | Thiago T Santelmo | President, International | Award (A) | — | — | EDGAR | |
| 2026-10-06 | Thomas Benjamin Curtis | Pres., BK US & CA | Award (A) | — | — | EDGAR | |
| 2026-10-06 | Sami A. Siddiqui | Chief Financial Officer | Award (A) | — | — | EDGAR | |
| 2026-10-06 | Jill Granat | See Remarks | Award (A) | — | — | EDGAR | |
| 2026-10-06 | Peter Perdue | President, Popeyes-US & Canada | Award (A) | — | — | EDGAR | |
| 2026-10-06 | Axel Schwan | Pres., Tim Hortons US & Canada | Award (A) | — | — | EDGAR | |
| 2026-10-06 | Jeffrey Housman | See Remarks | Award (A) | — | — | EDGAR | |
| 2026-10-06 | Duncan Fulton | Chief Corporate Officer | Award (A) | — | — | EDGAR | |
| 2026-09-09 | Axel Schwan | Pres., Tim Hortons US & Canada | Mixed Exer +70,000 · Sell −57,574 |
+12,426 | $70.17 | -$391.6K | EDGAR |
| 2026-08-25 | Thomas Benjamin Curtis | Pres., BK US & CA | Sell (S) | −64,000 | $80.72 | -$5.17M | EDGAR |
| 2026-08-12 | 3G Restaurant Brands Holdings General Partner Ltd. | 10%+ Owner | Mixed | +4,784,732 RSU | — | EDGAR | |
| 2026-07-09 | Thomas Benjamin Curtis | Pres., BK US & CA | Award (A) | — | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
QSR Insider Holdings
21 insiders · @ $77.63
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Joshua Kobza | Chief Executive Officer | 960,769 | $74.58M | -$111.66M | 73 | 2026-10-06 |
| 2 | J Patrick Doyle | Executive Chairman | 693,855 | $53.86M | -$11.66M | 21 | 2026-10-06 |
| 3 | Daniel S Schwartz | Director | 541,464 | $42.03M | -$157.68M | 30 | 2026-01-05 |
| 4 | Jill Granat | See Remarks | 479,845 | $37.25M | -$42.17M | 78 | 2026-10-06 |
| 5 | Alexandre Behring | Director | 282,688 | $21.95M | -$3.09M | 14 | 2026-01-05 |
| 6 | Sami A. Siddiqui | Chief Financial Officer | 270,994 | $21.04M | -$32.00M | 56 | 2026-10-06 |
| 7 | Axel Schwan | Pres., Tim Hortons US & Canada | 209,907 | $16.30M | -$26.83M | 56 | 2026-10-06 |
| 8 | Jacqueline Friesner | See Remarks | 165,726 | $12.87M | -$20.41M | 75 | 2026-10-06 |
| 9 | Jeffrey Housman | See Remarks | 162,076 | $12.58M | -$12.08M | 37 | 2026-10-06 |
| 10 | Thiago T Santelmo | President, International | 78,667 | $6.11M | -$2.55M | 23 | 2026-10-06 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
QSR Board & Officers
As of SEC filings through Oct 6, 2026Directors 11
- Alexandre Behring · since Dec 12, 2014
- Daniel S Schwartz · since Dec 12, 2014
- Ali Hedayat · since Jul 15, 2016
- Stirum Maximilien de Limburg · since Jun 10, 2020
- Jason Melbourne · since Sep 22, 2020
- Marc Lemann · since Jun 16, 2021
- Thecla Sweeney · since Jan 1, 2022
- Cristina Farjallat · since Jan 2, 2023
- J Patrick Doyle · listed since Jan 2023
- Jordana Fribourg · since May 23, 2023
- Marcia Marie Smith · since Jun 3, 2026
Officers 12
- Joshua Kobza · Chief Executive Officer · listed since Apr 2023
- Jeffrey W Klein · President, Popeyes-US & Canada · since Mar 14, 2024
- Thiago T Santelmo · President, International · since Mar 14, 2024
- Peter Perdue · President, Popeyes-US & Canada · since Nov 3, 2025
- Sami A. Siddiqui · Chief Financial Officer · listed since Apr 2024
- Duncan Fulton · Chief Corporate Officer · since Jan 21, 2022
- Jeffrey Housman · Chief People & Services Officer · since Jan 21, 2022
- Jill Granat · EVP, General Counsel & Secretary · listed since Dec 2025
- Jacqueline Friesner · SVP, Controller and Principal Accounting Officer · listed since Mar 2022
- J Patrick Doyle · Executive Chairman · since Nov 16, 2022
- Thomas Benjamin Curtis · Pres., BK US & CA · listed since Mar 2025
- Axel Schwan · Pres., Tim Hortons US & Canada · listed since Apr 2026
10% owners 2
- 3G Restaurant Brands Holdings General Partner Ltd. (entity) · since Sep 24, 2015
- 3G Restaurant Brands Holdings LP (entity) · since Sep 24, 2015
Changes in the last 10 years (43)
| Jun 3, 2026 | Marcia Marie Smith became a director |
| Apr 6, 2026 | Axel Schwan listed as Pres., Tim Hortons US & Canada (previously Pres., Tim Hortons Americas) in SEC filings |
| Dec 17, 2025 | Jill Granat listed as EVP, General Counsel & Secretary (previously Senior EVP, General Counsel and Secretary) in SEC filings |
| Nov 3, 2025 | Peter Perdue became President, Popeyes-US & Canada |
| Mar 21, 2025 | Thomas Benjamin Curtis listed as Pres., BK US & CA (previously President, Burger King U.S. and Canada) in SEC filings |
| Apr 8, 2024 | Thomas Benjamin Curtis listed as President, Burger King U.S. and Canada (previously President, Burger King US & Canada) in SEC filings |
| Apr 8, 2024 | Sami A. Siddiqui listed as Chief Financial Officer (previously Brand Pres., Popeyes, Americas) in SEC filings |
| Mar 14, 2024 | Thiago T Santelmo became President, International |
| Mar 14, 2024 | The company announced the departure of Matthew Dunnigan as CFO in an SEC filing |
| Mar 14, 2024 | Jeffrey W Klein became President, Popeyes-US & Canada |
| May 23, 2023 | Jordana Fribourg became a director |
| Apr 7, 2023 | Joshua Kobza listed as Chief Executive Officer (previously COO) in SEC filings |
| Feb 14, 2023 | The company announced the departure of Jose E. Cil as Chief Executive Officer in an SEC filing |
| Jan 6, 2023 | J Patrick Doyle first listed as a director in an SEC filing |
| Jan 2, 2023 | Cristina Farjallat became a director |
| Dec 31, 2022 | The company announced the departure of Neil Golden from the board in an SEC filing |
| Dec 31, 2022 | The company announced the departure of John F. Prato from the board in an SEC filing |
| Nov 16, 2022 | J Patrick Doyle became Executive Chairman |
| Mar 1, 2022 | Jacqueline Friesner listed as SVP, Controller and Principal Accounting Officer (previously VP, Controller and Principal Accounting Officer) in SEC filings |
| Jan 21, 2022 | Jeffrey Housman became Chief People & Services Officer |
| Jan 21, 2022 | Duncan Fulton became Chief Corporate Officer |
| Jan 1, 2022 | Thecla Sweeney became a director |
| Dec 13, 2021 | The company announced the departure of Carlos Alberto Sicupira from the board in an SEC filing |
| Oct 21, 2021 | Thomas Benjamin Curtis became President, Burger King US & Canada |
| Jun 16, 2021 | Marc Lemann became a director |
| Jan 22, 2021 | David Chan Shear became President, International |
| Jan 5, 2021 | Daniel S Schwartz no longer listed as Executive Chairman in SEC filings |
| Oct 13, 2020 | Sami A. Siddiqui became Brand Pres., Popeyes, Americas |
| Sep 22, 2020 | Jason Melbourne became a director |
| Jun 10, 2020 | Stirum Maximilien de Limburg became a director |
| Jun 10, 2020 | John F. Prato became a director |
| Jan 22, 2020 | Fernando Machado became Chief Marketing Officer |
| Jan 22, 2020 | Christopher L. Finazzo became President, Burger King North America |
| Jan 22, 2020 | Axel Schwan became Pres., Tim Hortons Americas |
| Apr 5, 2019 | Jose E. Cil listed as Chief Executive Officer (previously Senior EVP, Pres. Burger King) in SEC filings |
| Apr 5, 2019 | Daniel S Schwartz listed as Executive Chairman (previously Chief Executive Officer) in SEC filings |
| Mar 14, 2019 | Felipe A Athayde became Brand Pres., Popeyes, Americas |
| Jan 31, 2019 | Joshua Kobza listed as COO (previously CFO) in SEC filings |
| Jun 7, 2018 | Joao M. Castro-Neves became a director |
| Jun 7, 2018 | Golnar Khosrowshahi became a director |
| Jan 22, 2018 | Matthew Dunnigan became CFO |
| Dec 12, 2017 | Alexandre Macedo became President,Tim Hortons |
| Apr 18, 2017 | Alexandre Santoro became President, Popeyes |
Not reported recently (17)
- David Chan Shear · Last reported as President, International in an SEC filing dated Feb 26, 2024
- Paul J Fribourg · Last reported as a director in an SEC filing dated Jan 4, 2023
- Golnar Khosrowshahi · Last reported as a director in an SEC filing dated Jan 4, 2023
- Joao M. Castro-Neves · Last reported as a director in an SEC filing dated Jan 4, 2023
- Motta Roberto Moses Thompson · Last reported as a director in an SEC filing dated May 28, 2021
- Fernando Machado · Last reported as Chief Marketing Officer in an SEC filing dated Apr 8, 2021
- Christopher L. Finazzo · Last reported as President, Burger King North America in an SEC filing dated Apr 8, 2021
- Felipe A Athayde · Last reported as Brand Pres., Popeyes, Americas in an SEC filing dated Sep 16, 2020
- Marc Caira · Last reported as a director in an SEC filing dated Dec 31, 2019
- Alexandre Van Damme · Last reported as a director in an SEC filing dated Dec 31, 2019
- Alexandre Macedo · Last reported as President,Tim Hortons in an SEC filing dated Nov 1, 2019
- Alexandre Santoro · Last reported as President, Popeyes in an SEC filing dated Feb 26, 2019
- Heitor Goncalves · Last reported as Senior EVP, Chief Information and Performance Officer and Chief People Officer in an SEC filing dated Jan 8, 2019
- Martin E Franklin · Last reported as a director in an SEC filing dated Jan 2, 2019
- V Milroy Thomas · Last reported as a director in an SEC filing dated Jan 3, 2018
- Cecilia Sicupira · Last reported as a director in an SEC filing dated Jan 3, 2018
- Elias Diaz-Sese · Last reported as Senior EVP, President, Tim Hortons in an SEC filing dated Apr 6, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
QSR Proposed Insider Sales (Form 144)
Latest: 2026-09-04
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
2 filings
· $9.8M notice value
· 2 unique filers
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
THOMAS CURTIS (1, $5.2M) · AXEL SCHWAN (1, $4.7M)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-04 | AXEL SCHWAN | Officer | 57,574 | $4.67M | 2026-09-04 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-08-21 | THOMAS CURTIS | Officer | 64,003 | $5.17M | 2026-08-21 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-20 | JEFFREY HOUSMAN | Officer | 20,000 | $1.47M | 2026-03-20 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-18 | JOSHUA KOBZA | Officer | 200,000 | $15.01M | 2026-03-18 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-18 | JILL GRANAT | Officer | 25,000 | $1.88M | 2026-03-18 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-17 | SAMI SIDDIQUI | Officer | 40,000 | $3.01M | 2026-03-17 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-17 | THIAGO TEMER SANTELMO | Officer | 10,000 | $754.1K | 2026-03-17 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-16 | JACQUELINE FRIESNER | Officer | 30,002 | $2.24M | 2026-03-16 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-16 | JILL GRANAT | Officer | 25,000 | $1.87M | 2026-03-16 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-16 | SAMI SIDDIQUI | Officer | 40,000 | $2.98M | 2026-03-16 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-10-29
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Event | Link |
|---|---|---|
| 2026-10-29 | Earnings results | EDGAR |
| 2026-08-10 | Regulation FD disclosure | EDGAR |
| 2026-08-06 | Earnings results | EDGAR |
| 2026-06-03 | Shareholder vote results | EDGAR |
| 2026-05-06 | Earnings results | EDGAR |
| 2026-02-12 | Earnings results | EDGAR |
| 2025-11-14 | Material agreement · Regulation FD disclosure | EDGAR |
| 2025-11-10 | Impairment · Regulation FD disclosure · Other events | EDGAR |
| 2025-10-30 | Earnings results | EDGAR |
| 2025-08-07 | Earnings results | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-02-20 | 0001618756-26-000017 | EDGAR |
| 2025-02-21 | 0001618756-25-000087 | EDGAR |
| 2024-02-22 | 0001618756-24-000020 | EDGAR |
| 2023-02-22 | 0001618756-23-000013 | EDGAR |
| 2022-02-23 | 0001618756-22-000018 | EDGAR |
| 2021-02-23 | 0001618756-21-000007 | EDGAR |
| 2020-02-21 | 0001618756-20-000004 | EDGAR |
| 2019-02-22 | 0001618756-19-000005 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-10-29 | 0001618756-26-000056 | EDGAR |
| 2026-08-06 | 0001618756-26-000045 | EDGAR |
| 2026-05-06 | 0001618756-26-000029 | EDGAR |
| 2025-10-30 | 0001618756-25-000300 | EDGAR |
| 2025-08-07 | 0001618756-25-000292 | EDGAR |
| 2025-05-08 | 0001618756-25-000242 | EDGAR |
| 2024-11-05 | 0001618756-24-000190 | EDGAR |
| 2024-08-08 | 0001618756-24-000133 | EDGAR |
| 2024-04-30 | 0001618756-24-000082 | EDGAR |
| 2023-11-03 | 0001618756-23-000057 | EDGAR |
ETF Holders
95 ETFs hold QSR
25 shown · $1.44B total exposure · 0.10% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VXUS Vanguard Total International Stock ETF | Vanguard | 0.05% | $360.9M | — | 2026-09-30 |
| 2 | VEA Vanguard FTSE Developed Markets ETF | Vanguard | 0.08% | $238.0M | — | 2026-09-30 |
| 3 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.20% | $114.0M | $58.7B | 2026-11-06 |
| 4 | IWP iShares Russell Mid-Cap Growth ETF | iShares (BlackRock) | 0.49% | $85.9M | $17.4B | 2026-11-06 |
| 5 | EWC iShares MSCI Canada ETF | iShares (BlackRock) | 0.82% | $61.7M | $7.6B | 2026-11-06 |
| 6 | SCHF Schwab International Equity ETF | Nport | 0.09% | $61.2M | — | 2026-08-31 |
| 7 | VEU Vanguard FTSE All-World Ex-US ETF | Vanguard | 0.06% | $58.1M | — | 2026-09-30 |
| 8 | IWF iShares Russell 1000 Growth ETF | iShares (BlackRock) | 0.05% | $57.7M | $118.1B | 2026-11-06 |
| 9 | VIGI Vanguard International Dividend Appreciation ETF | Vanguard | 0.45% | $40.9M | — | 2026-09-30 |
| 10 | DUSA Davis Select U.S. Equity ETF | Nport | 2.95% | $37.5M | — | 2026-07-31 |
| 11 | IXUS iShares Core MSCI Total International Stock ETF | iShares (BlackRock) | 0.06% | $34.8M | $58.0B | 2026-11-06 |
| 12 | SPDW State Street® SPDR® Portfolio Developed World ex-US ETF | SPDR (State Street) | 0.08% | $31.8M | $40.1B | 2026-11-06 |
| 13 | VYMI Vanguard International High Dividend Yield ETF | Vanguard | 0.13% | $29.3M | — | 2026-09-30 |
| 14 | IDEV iShares Core MSCI International Developed Markets ETF | iShares (BlackRock) | 0.09% | $28.8M | $34.3B | 2026-11-06 |
| 15 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.03% | $25.0M | $84.7B | 2026-11-06 |
| 16 | VONG Vanguard Russell 1000 Growth ETF | Vanguard | 0.04% | $22.8M | — | 2026-09-30 |
| 17 | VT Vanguard Total World Stock ETF | Vanguard | 0.02% | $21.5M | — | 2026-09-30 |
| 18 | DIHP Dimensional International High Profitability ETF | Dimensional | 0.32% | $20.3M | $6.6B | 2026-11-06 |
| 19 | IWB iShares Russell 1000 ETF | iShares (BlackRock) | 0.04% | $18.3M | $47.8B | 2026-11-06 |
| 20 | PID Invesco International Dividend Achievers ETF | Invesco | 1.86% | $16.4M | — | 2026-11-08 |
| 21 | IWS iShares Russell Mid-Cap Value ETF | iShares (BlackRock) | 0.11% | $16.3M | $14.7B | 2026-11-06 |
| 22 | DFAI Dimensional International Core Equity Market ETF | Dimensional | 0.09% | $15.2M | $18.2B | 2026-11-06 |
| 23 | FNDF Schwab Fundamental International Equity ETF | Nport | 0.06% | $14.8M | — | 2026-08-31 |
| 24 | RECS Columbia Research Enhanced Core ETF | Nport | 0.24% | $13.9M | — | 2026-07-31 |
| 25 | ACWX iShares MSCI ACWI ex U.S. ETF | iShares (BlackRock) | 0.07% | $11.9M | $18.0B | 2026-11-06 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
18.44
TTM Diluted EPS
$4.21
TTM Revenue
$9.78B
TTM Net Income
$1.50B
TTM Op. Cash Flow
$1.86B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q3 '26 | 2026-09-30 | $2.52B | $542.00M | $1.54 | $578.00M |
| Q2 '26 | 2026-06-30 | $2.52B | $507.00M | $1.45 | $503.00M |
| Q1 '26 | 2026-03-31 | $2.26B | $338.00M | $0.97 | $227.00M |
| Q4 '25 | 2025-12-31 | $2.47B | $113.00M | $0.34 | $555.00M |
| Q3 '25 | 2025-09-30 | $2.45B | $315.00M | $0.96 | $677.00M |
| Q2 '25 | 2025-06-30 | $2.41B | $189.00M | $0.57 | $364.00M |
| Q1 '25 | 2025-03-31 | $2.11B | $159.00M | $0.49 | $118.00M |
| Q4 '24 | 2024-12-31 | $2.30B | $259.00M | $0.79 | $481.00M |
| Q3 '24 | 2024-09-30 | $2.29B | $252.00M | $0.79 | $540.00M |
| Q2 '24 | 2024-06-30 | $2.08B | $280.00M | $0.88 | $334.00M |
| Q1 '24 | 2024-03-31 | $1.74B | $230.00M | $0.72 | $148.00M |
| Q4 '23 | 2023-12-31 | $1.82B | $508.00M | $1.60 | $403.00M |
Q3 2026 • period ending 2026-09-30 • filed 2026-10-29
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
18.44
P/B
6.59
P/S
3.67
EV/EBITDA
16.32
EV/Sales
4.94
ROE
23.6%
ROA
5.1%
Div Yield
4.28%
FCF Yield
5.28%
Debt/Equity
2.49
Current Ratio
—
Market Cap
$35.57B
as of 2026-11-10
QSR vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| AMZN Amazon.Com Inc | $2.89T | 21.9 | +15.4% | +19.6% | 30 |
| META Meta Platforms, Inc. Class A Common Stoc | $1.64T | 21.9 | +27.5% | −1.4% | 32 |
| KO Coca-Cola Company | $413.1B | 28.5 | +7.1% | +40.2% | 43 |
| SBUX Starbucks Corp | $124.8B | 63.2 | +4.5% | +30.9% | 23 |
| CVS CVS HEALTH CORPORATION | $109.1B | 10.4 | +6.8% | +11.1% | 24 |
| QSR Restaurant Brands International Inc. | $27.0B | 18.4 | +5.5% | +14.5% | 35 |
| HHH Howard Hughes Holdings Inc. | $5.1B | 42.3 | −15.7% | +7.3% | 65 |
| BROS Dutch Bros Inc. | $5.0B | 49.0 | +29.6% | −43.2% | 25 |
| PSUS Pershing Square USA, Ltd. | — | — | — | −10.4% | — |
| Peer median | $124.8B | 28.5 | +7.1% | +9.2% | 30 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
17.05M
SI % of Float
5.28%
Days to Cover
5.74
Short Vol Ratio
65.4%
Free Float
322.95M
Float %
92.6%
Short interest 2026-10-15 • Short volume 2026-11-10 • Float 2026-10-02