• Restaurant Brands average gross margin for 2024 was 55.21%, a 3.8% decline from 2023.
• Restaurant Brands average gross margin for 2023 was 57.39%, a 0.3% decline from 2022.
• Restaurant Brands average gross margin for 2022 was 57.22%, a 1.85% increase from 2021.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.