# Restaurant Brands International Inc. (QSR) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Cyclical / Hotels, Restaurants & Leisure. Price $80.17, market value $36.7 billion.

## Valuation
- **P/E (trailing): 20.1×** (5-yr avg 22.4×, 3-yr avg 25.1×). Restaurant Brands International Inc. trades at 20.1× trailing earnings, close to its own five-year average of 22.4×. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 18.1×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.8×**. Each dollar of revenue is priced at 3.8×.
- **Price / book: 7.3×**. The shares trade at 7.3× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 18.1×**. Enterprise value is 18.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.3%** (5-yr avg 5.0%). Free cash flow equals 4.3% of the market value, in line with its five-year average of 5.0%.
- **Earnings yield: 5.0%**. The inverse of the P/E: 5.0% of the price is earned each year.

## Profitability
- **Gross margin: 37.6%**. Restaurant Brands International Inc. keeps 37.6% of revenue after the direct cost of what it sells.
- **Operating margin: 27.2%**. 27.2% of revenue is left after running the business, an exceptional level.
- **Net margin: 8.2%**. 8.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 21.4%**. 21.4% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 12.6%**. Return on all capital, debt included, is 12.6%.
- **Return on assets: 5.0%**. Each dollar of assets produces 5.0% of profit.

## Growth
- **Revenue growth (1 yr): 12.2%** (3-yr 13.2%/yr, 5-yr 13.7%/yr). Revenue grew 12.2% over the last year, against 13.7% a year compounded over five years.
- **EPS growth (1 yr): -26.1%** (3-yr -10.3%/yr, 5-yr 8.0%/yr). Earnings per share fell 26.1%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 1.4%/yr**. Free cash flow has compounded at 1.4% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 4.32**. Debt is 4.32 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 5.1×**. It would take 5.1 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 6.7×**. Operating profit covers interest 6.7× over, a safe margin.
- **Current ratio: 0.98** (quick 0.91). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.96**. A Z-score of 1.96 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.24%** ($2.54 per share, trailing). Restaurant Brands International Inc. yields 3.24%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 143%** (72% of free cash flow). The dividend exceeds earnings (143% payout), though free cash flow still covers it.
- **Consecutive years of increases: 11**. 11 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 3.6%/yr** (1-yr 6.9%). The dividend has grown 3.6% a year over five years.
- **Shareholder yield: 3.7%**. Dividends plus net buybacks return 3.7% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (24 analysts). 24 analysts cover Restaurant Brands International Inc.; the consensus is buy, with an average price target of $85.92 (+7% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 33.9%** (YTD 19.6%, 3-mo 11.3%). The shares are up 33.9% over twelve months including dividends.
- **From 52-week high: -2.2%** (30.5% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 61**. An RSI of 61 is neutral.
- **Beta (1 yr): 0.11** (volatility 24%). Beta of 0.11 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=QSR · Page: https://foliofundamentals.com/stocks/qsr

Not investment advice.