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Restaurant Brands International Inc. QSR

NYSE · stock · Retail-Eating Places · website · IPO 2014-12-10 · LEI

Restaurant Brands International Inc. statistics & valuation

Market cap$33.9B
P / S3.6×
P / B6.6×
P / FCF23.4×
Dividend yield3.27%
FCF margin15.4%
Net debt$13.3B
Net debt / EBITDA5.3×
Enterprise value USD$47.2B
EV / EBITDA18.9×
Earnings yield EBIT/EV4.7%
Return on capital9.7%
Graham number -67.4%$24.43

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($24.43); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
40.20% 37.90% 35.80% 35.80% 28.60% 32.70% 29.20% 29.20% 28.80% 23.30% 2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
470.0M 477.0M 473.0M 469.0M 468.0M 464.0M 455.0M 456.0M 454.0M 457.0M 2016201720182019202020212022202320242025
Net debt ($)
$7.01B $10.76B $10.98B $11.83B $12.48B $12.98B $12.93B $12.92B $13.64B $13.28B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2016201720182019202020212022202320242025
Free cash flow margin (%)
29.80% 29.60% 20.10% 25.20% 16.20% 28.20% 21.40% 17.10% 15.50% 15.40% 2016201720182019202020212022202320242025
Debt / equity (×)
2.43× 2.60× 3.29× 2.78× 3.35× 3.37× 3.03× 2.73× 2.82× 2.57× 2016201720182019202020212022202320242025
EPS ($)
$1.45 $2.54 $2.42 $2.37 $1.60 $2.69 $3.25 $3.76 $3.18 $2.35 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Restaurant Brands International Inc. trades at about 31.9× earnings — above its 10-year norm (10-year range 19.4×–36.1×, median 25.7×).

19.4× 36.1×

Shaded band = 10-year range (19.4×–36.1×); dot = today's 31.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin23.3%28.8%29.2%29.2%32.7%28.6%35.8%35.8%37.9%40.2%
FCF margin15.4%15.5%17.1%21.4%28.2%16.2%25.2%20.1%29.6%29.8%
Debt / equity2.57×2.82×2.73×3.03×3.37×3.35×2.78×3.29×2.60×2.43×
Current ratio0.980.971.010.970.971.411.291.071.061.73

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.