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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Restaurant Brands International Inc. (QSR) trades at a price to free cash flow of 16.6×. Over the past ten years it has ranged from 5.3× (March 2020) to 62.4× (March 2015); the current reading is higher than 71% of that period. That is below the Restaurants industry median of 17.9× and above the Consumer Cyclical sector median of 12.9×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 15.1× (3.00%)
FY2024 15.6× (19.52%)
FY2023 19.3× 36.92%
FY2022 14.1× 22.84%
FY2021 11.5× (49.16%)
FY2020 22.6× 88.18%
FY2019 12.0× 0.32%
FY2018 12.0× 11.72%
FY2017 10.7× 21.02%
FY2016 8.9× 26.98%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 15.1× 1.00%
Jun 2026 14.9× (6.14%)
Mar 2026 15.9× 5.31%
Dec 2025 15.1× 3.54%
43 more quarters

Against its own ten years

Low 5.3× High 62.4×
Ten-year median 14.4×
Current reading's percentile 71

Price to free cash flow against peers

Company Price to free cash flow
EAT Brinker International, Inc. compare 14.8×
QSR Restaurant Brands International Inc. 16.6×
DPZ Domino's Pizza Inc compare 17.0×
YUMC Yum China compare 17.9×
DRI Darden Restaurants, Inc. compare 24.4×
YUM Yum! Brands, Inc. compare 27.9×
TXRH Texas Roadhouse, Inc. compare 28.8×
CMG Chipotle Mexican Grill, Inc. compare 29.6×
SBUX Starbucks Corporation compare 32.5×
Restaurants industry median 17.9×
Consumer Cyclical sector median 12.9×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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