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

Restaurant Brands International Inc. (QSR) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Restaurant Brands International Inc. (QSR) trades at a EV/EBITDA of 13.4×. Over the past ten years it has ranged from 8.1× (March 2020) to 71.8× (March 2015); the current reading is higher than 45% of that period. That is in line with the Restaurants industry median of 12.8× and above the Consumer Cyclical sector median of 9.8×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 13.7× 14.09%
FY2024 12.0× (24.11%)
FY2023 15.9× 3.00%
FY2022 15.4× 4.21%
FY2021 14.8× (20.56%)
FY2020 18.6× 49.82%
FY2019 12.4× 9.95%
FY2018 11.3× (14.23%)
FY2017 13.2× 37.19%
FY2016 9.6× (13.41%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 12.5× (2.07%)
Jun 2026 12.8× (8.95%)
Mar 2026 14.1× 2.47%
Dec 2025 13.7× 4.32%
43 more quarters

Against its own ten years

Low 8.1× High 71.8×
Ten-year median 13.6×
Current reading's percentile 45

EV/EBITDA against peers

Company EV/EBITDA
YUMC Yum China compare 8.9×
EAT Brinker International, Inc. compare 10.7×
DRI Darden Restaurants, Inc. compare 12.8×
QSR Restaurant Brands International Inc. 13.4×
DPZ Domino's Pizza Inc compare 14.4×
TXRH Texas Roadhouse, Inc. compare 17.8×
YUM Yum! Brands, Inc. compare 18.6×
CMG Chipotle Mexican Grill, Inc. compare 20.0×
SBUX Starbucks Corporation compare 28.1×
Restaurants industry median 12.8×
Consumer Cyclical sector median 9.8×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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