Restaurant Brands International Inc.

QSR Consumer Cyclical Restaurants

Restaurant Brands International Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.4 billion, up 12.2% from fiscal 2024. In the quarter to June 2026, revenue grew 4.56%, EPS grew 151.7%, free cash flow grew 18.9% and total debt fell 2.87%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five.

74.81 0.70 +0.94%
Market cap
$33.7B
P/E
20.0×
Fwd P/E
18.0×
Dividend yield
3.44%
F-score
6/9
Altman Z
1.41
Beneish M
−2.41
Dividend safety
30/100
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
31.76 23.83 21.35 26.57 37.96 22.39 19.60 20.17 20.31 28.79
Piotroski F-Score
7 6 7 7 5 6 8 8 4 6
P/S ratio
2.64 3.23 2.43 3.05 3.71 3.28 3.04 3.42 2.47 2.38
Altman Z-Score
1.14 1.06 1.11 1.19 1.07 1.14 1.27 1.47 1.41 1.41
Altman Z″-Score (non-manufacturers)
1.55 0.97 1.02 1.11 0.89 0.84 0.93 1.09 1.16 1.06
P/FCF ratio
8.86 10.72 11.98 12.02 22.62 11.50 14.12 19.34 15.56 15.10
Beneish M-Score
(2.60) (2.45) (2.88) (2.39) (2.50) (2.56) (2.37) (2.23) (2.45) (2.41)
P/Operating CF
31.28 27.06 26.47 30.25 58.96 39.94 46.81 59.50 43.23 40.45
Dividend Safety Score
— — — — — — — — — 30
P/B ratio
3.14 3.24 3.60 4.01 4.96 4.88 4.64 5.07 4.29 4.35
EV/Sales
4.39 5.64 4.53 4.94 5.98 5.41 4.90 5.14 3.98 3.70
EV/EBITDA
9.59 13.16 11.29 12.41 18.60 14.77 15.40 15.86 12.04 13.73
EV/FCF
14.74 18.71 22.31 19.48 36.42 18.99 22.75 29.12 25.02 23.45
Current Ratio
1.73 1.06 1.07 1.29 1.41 0.97 0.97 1.01 0.97 0.98
Net Debt/EBITDA
3.83 5.62 5.23 4.76 7.05 5.83 5.84 5.33 4.55 4.89
Debt/Equity
1.29 2.66 3.36 2.85 3.45 3.46 3.11 2.80 2.88 2.63
ROE
10.80% 15.55% 14.97% 16.33% 12.18% 22.13% 24.82% 26.45% 21.33% 15.52%
ROA
1.84% 3.10% 2.96% 3.03% 2.15% 3.64% 4.38% 5.16% 4.25% 3.09%
ROIC
7.42% 6.96% 8.07% 8.43% 5.93% 7.29% 7.25% 7.60% 8.65% 7.83%
Return on Tangible Assets
11.75% 28.10% 29.31% 25.72% 18.04% 42.47% 53.56% 60.07% 47.40% 34.61%
Average Days of Receivables
35.52 39.00 30.80 34.33 39.38 34.79 34.45 38.93 30.31 30.72
Earnings Yield
3.15% 4.20% 4.68% 3.76% 2.63% 4.47% 5.10% 4.96% 4.92% 3.47%
Free Cash Flow Yield
11.29% 9.33% 8.35% 8.32% 4.42% 8.70% 7.08% 5.17% 6.43% 6.62%
Free Cash Flow per Share
5.30 5.82 4.37 5.31 2.70 5.28 4.57 3.97 4.19 4.52
Book value per Share
29.14 19.24 14.53 15.89 12.32 12.43 13.90 15.16 15.18 15.68
Free Cash Flow
1,235.30 1,380.00 1,087.00 1,422.00 816.00 1,636.00 1,402.00 1,240.00 1,336.00 1,487.00
EV/EBIT
10.79 14.78 12.51 13.73 21.49 16.57 17.21 17.54 13.43 15.75
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