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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.

Revenue
+3.10%
EPS
+110.1%
Free cash flow
−8.26%
Total debt
−2.06%

Quarter to September 2026, against a year earlier

78.27 0.11 −0.14%
Market cap
$35.5B
P/E
16.3×
Fwd P/E
14.7×
Dividend yield
3.28%
F-score
6/9
Altman Z
1.41
Beneish M
−2.41
Dividend safety
30/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Restaurant Brands International Inc. (QSR) Debt to equity

Alert me on Debt to equity

Restaurant Brands International Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 2.4×, down 0.2× from fiscal 2025 (2.6×). Over the past ten years it has ranged from 1.3× (fiscal 2016) to 3.5× (fiscal 2021); the current reading is higher than 27% of that period. That is above the Restaurants industry median of 0.2× and above the Consumer Cyclical sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 2.6× (8.71%)
FY2024 2.9× 2.79%
FY2023 2.8× (9.83%)
FY2022 3.1× (10.18%)
FY2021 3.5× 0.50%
FY2020 3.4× 20.82%
FY2019 2.9× (14.99%)
FY2018 3.4× 26.24%
FY2017 2.7× 106.78%
FY2016 1.3× (8.48%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 2.4× (2.52%)
Jun 2026 2.5× (2.11%)
Mar 2026 2.6× (2.66%)
Dec 2025 2.6× (1.49%)
43 more quarters

Against its own ten years

Low 1.3× High 3.5×
Ten-year median 2.9×
Current reading's percentile 27

Debt to equity against peers

Company Debt to equity
YUM Yum! Brands, Inc. compare −1.9×
SBUX Starbucks Corporation compare −1.7×
DPZ Domino's Pizza Inc compare −1.2×
CMG Chipotle Mexican Grill, Inc. compare 0.0×
TXRH Texas Roadhouse, Inc. compare 0.0×
YUMC Yum China compare 0.3×
DRI Darden Restaurants, Inc. compare 0.8×
EAT Brinker International, Inc. compare 1.1×
QSR Restaurant Brands International Inc. 2.4×
Restaurants industry median 0.2×
Consumer Cyclical sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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