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Restaurant Brands International

Updated: 12/11/2025, 4:05:30 PM Wikipedia source

Restaurant Brands International Inc. (RBI) is a Canadian multinational fast food holding company. It was formed in 2014 by the $12.5 billion merger between American fast food restaurant chain Burger King and Canadian coffee shop and restaurant chain Tim Hortons, and expanded by the purchases of Popeyes and Firehouse Subs in 2017 and 2021, respectively. The company is the fifth-largest operator of fast food restaurants in the world after Subway, McDonald's, Starbucks and Yum! Brands. They are based alongside Tim Hortons in Toronto (previously Oakville, Ontario). Burger King, Popeyes, and Firehouse Subs retain their existing operations and headquarters in Florida, with BK and Popeyes in Miami, and Firehouse in Jacksonville. The 2014 merger focused primarily on expanding the international reach of the Tim Hortons brand and providing financial efficiencies for both companies. 3G Restaurant Brands Holdings LP, an affiliate of the Brazilian investment company 3G Capital, owns a 32% stake in Restaurant Brands International. The company is publicly traded on the New York (NYSE) and the Toronto (TSX) stock exchanges. In March 2023, Joshua Kobza was named the CEO of Restaurant Brands International, replacing Jose Cil, who had held the role since 2019.

Infobox

Company type
Public
Traded as
mw- TSX: QSRNYSE: QSRS&P/TSX 60 component
Industry
Foodservice
Founded
December 15, 2014; 10 years ago (2014-12-15)
Headquarters
Toronto, Ontario, Canada
Number of locations
30,000 (2024 (2024))
Area served
Worldwide
Key people
J. Patrick Doyle (executive chairman)Joshua Kobza (CEO)
Revenue
US$8.4 billion (2024)
Operating income
US$2.4 billion (2024)
Net income
US$1.4 billion (2024)
Total assets
US$24.6 billion (2024)
Total equity
US$4.8 billion (2024)
Owners
3G Capital (30.8%)
Number of employees
6,300
Subsidiaries
Burger KingTim HortonsPopeyesFirehouse SubsCarrols Restaurant Group
Website
rbi.com

Tables

· Corporate affairs › Business trends
2014
2014
Year
2014
Revenue(US$ bn)
1.1
Net income(US$ m)
–277
Total assets(US$ bn)
21.3
Employees
4,600
Systemwiderestaurants
19,043
2015
2015
Year
2015
Revenue(US$ bn)
4.0
Net income(US$ m)
375
Total assets(US$ bn)
18.4
Employees
4,300
Systemwiderestaurants
19,416
2016
2016
Year
2016
Revenue(US$ bn)
4.1
Net income(US$ m)
616
Total assets(US$ bn)
19.1
Employees
4,300
Systemwiderestaurants
20,351
2017
2017
Year
2017
Revenue(US$ bn)
4.5
Net income(US$ m)
626
Total assets(US$ bn)
21.2
Employees
6,200
Systemwiderestaurants
24,407
2018
2018
Year
2018
Revenue(US$ bn)
5.3
Net income(US$ m)
612
Total assets(US$ bn)
20.1
Employees
6,000
Systemwiderestaurants
25,744
2019
2019
Year
2019
Revenue(US$ bn)
5.6
Net income(US$ m)
643
Total assets(US$ bn)
22.3
Employees
6,300
Systemwiderestaurants
27,086
2020
2020
Year
2020
Revenue(US$ bn)
4.9
Net income(US$ m)
486
Total assets(US$ bn)
22.7
Employees
5,200
Systemwiderestaurants
27,025
2021
2021
Year
2021
Revenue(US$ bn)
5.7
Net income(US$ m)
838
Total assets(US$ bn)
23.2
Employees
5,700
Systemwiderestaurants
29,456
2022
2022
Year
2022
Revenue(US$ bn)
6.5
Net income(US$ m)
1,008
Total assets(US$ bn)
22.7
Employees
6,400
2023
2023
Year
2023
Revenue(US$ bn)
7.0
Net income(US$ m)
1,190
Total assets(US$ bn)
23.3
Employees
9,000
Year
Revenue(US$ bn)
Net income(US$ m)
Total assets(US$ bn)
Employees
Systemwiderestaurants
2014
1.1
–277
21.3
4,600
19,043
2015
4.0
375
18.4
4,300
19,416
2016
4.1
616
19.1
4,300
20,351
2017
4.5
626
21.2
6,200
24,407
2018
5.3
612
20.1
6,000
25,744
2019
5.6
643
22.3
6,300
27,086
2020
4.9
486
22.7
5,200
27,025
2021
5.7
838
23.2
5,700
29,456
2022
6.5
1,008
22.7
6,400
2023
7.0
1,190
23.3
9,000

References

  1. company owned only
  2. "2021 Proxy Statement"
    https://s26.q4cdn.com/317237604/files/doc_downloads/2021/2021-Proxy-for-website.pdf
  3. "Restaurant brands international Inc"
    https://web.archive.org/web/20210212014814/https://s26.q4cdn.com/317237604/files/doc_financials/2020/ar/Restaurant-Brands-International-%E2%80%93-2019-SEC-Form-10-K-Annual-Report.pdf
  4. "RESTAURANT BRANDS INTERNATIONAL INC. 2019 Form 10-K"
    https://s26.q4cdn.com/317237604/files/doc_financials/2020/ar/Restaurant-Brands-International-%E2%80%93-2019-SEC-Form-10-K-Annual-Report.pdf
  5. Toronto Star
    https://www.thestar.com/business/real_estate/2018/04/17/tim-hortons-to-move-its-canadian-head-office.html
  6. Reuters
    https://www.reuters.com/article/us-rstrnt-brnd-stake/3g-capital-selling-3-billion-shares-in-burger-king-owner-idUSKCN1VP20R
  7. The Globe and Mail
    https://www.theglobeandmail.com/report-on-business/burger-king-in-talks-to-acquire-tim-hortons-report/article20187310/
  8. "Burger King in Talks to Buy Tim Hortons in Canada Tax Deal"
    https://online.wsj.com/articles/burger-king-in-talks-to-buy-tim-hortons-1408924294
  9. CBC News
    http://www.cbc.ca/news/business/tim-hortons-burger-king-agree-to-merger-deal-1.2746948
  10. The New York Times
    https://dealbook.nytimes.com/2014/08/26/burger-king-to-buy-tim-hortons-for-11-4-billion/
  11. The Globe and Mail
    https://www.theglobeandmail.com/report-on-business/burger-king-tim-hortons-ink-merger-deal-for-125-billion/article20203522/
  12. Los Angeles Times
    http://www.latimes.com/business/la-fi-burger-king-tim-hortons-tax-inversion-20140825-story.html
  13. Wall Street Journal
    https://online.wsj.com/articles/burger-king-tim-hortons-merger-plan-raises-tax-inversion-issue-1409010049
  14. Financial Post
    http://business.financialpost.com/2014/12/09/tim-hortons-burger-king-takeover-approved/
  15. CBC News
    http://www.cbc.ca/news/business/tim-hortons-burger-king-deal-ok-d-by-competition-bureau-1.2815809
  16. Financial Post
    http://business.financialpost.com/2014/12/04/tim-hortons-burger-king-industry-canada/
  17. Edmonton Journal
    https://web.archive.org/web/20141216145611/http://www.edmontonjournal.com/business/Hortons+Burger+King+finalize+merger+form+Restaurant+Brands/10463882/story.html
  18. Nation's Restaurant News
    https://www.nrn.com/quick-service/burger-king-parent-restaurant-brands-international-expects-40k-restaurants-2028
  19. "Restaurant Brands to Add Popeyes to Tim Hortons and Burger King"
    http://www.cbc.ca/news/business/popeyes-tim-hortons-burger-king-1.3991995
  20. www.prnewswire.com
    http://www.prnewswire.com/news-releases/restaurant-brands-international-inc-announces-successful-completion-of-its-tender-offer-to-purchase-all-of-the-outstanding-shares-of-popeyes-louisiana-kitchen-inc-617157513.html
  21. CNBC
    https://www.cnbc.com/2021/11/15/burger-king-parent-restaurant-brands-international-buys-firehouse-subs-for-1-billion.html
  22. "Restaurant Brands International Inc. Completes Acquisition of Firehouse Subs and Announces Increase in Borrowings Under Existing Term Loan A Facility"
    https://www.prnewswire.com/news-releases/restaurant-brands-international-inc-completes-acquisition-of-firehouse-subs-and-announces-increase-in-borrowings-under-existing-term-loan-a-facility-301445924.html
  23. boerse.de
    https://www.boerse.de/fundamental-analyse/Restaurant-Brands-International-Aktie/CA76131D1033
  24. "Restaurant Brands International Fundamentals (2013-2021) – boerse.de"
    https://web.archive.org/web/20221201164438/https://www.boerse.de/fundamental-analyse/Restaurant-Brands-International-Aktie/CA76131D1033
  25. www.macrotrends.net
    https://www.macrotrends.net/stocks/charts/QSR/restaurant-brands/financial-statements
  26. CBC News
    https://www.cbc.ca/news/canada/nova-scotia/is-tim-hortons-canadian-1.7485431
  27. Bloomberg Businessweek
    https://www.bloomberg.com/news/articles/2014-12-15/berkshire-to-hold-larger-stake-in-burger-king-tim-hortons-parent
  28. Reuters
    https://web.archive.org/web/20190209073233/https://ca.reuters.com/article/businessNews/idCAKCN1PH19U-OCABS
  29. NASDAQ
    https://www.nasdaq.com/articles/warren-buffetts-berkshire-hathaway-sells-off-its-restaurant-brands-stake-2020-08-14#:~:text=A)(NYSE%3A%20BRK.,portfolio%20of%20publicly%20traded%20companies.
  30. Restaurant Business
    https://restaurantbusinessonline.com/operations/restaurant-brands-international-makes-strides-commitment-use-100-cage-free-eggs-2030
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