# Restaurant Brands International Inc. (QSR) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Consumer Cyclical / Hospitality & Leisure. Price $74.31, market value $34.0 billion.

## Valuation
- **P/E (trailing): 16.3×** (5-yr avg 22.4×, 3-yr avg 25.1×). Restaurant Brands International Inc. trades at 16.3× trailing earnings, well below its own five-year average of 22.4×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 16.8×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 3.5×**. Each dollar of revenue is priced at 3.5×.
- **Price / book: 6.6×**. The shares trade at 6.6× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 16.3×**. Enterprise value is 16.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.6%** (5-yr avg 5.0%). Free cash flow equals 4.6% of the market value, in line with its five-year average of 5.0%.
- **Earnings yield: 6.1%**. The inverse of the P/E: 6.1% of the price is earned each year.

## Profitability
- **Gross margin: 34.4%**. Restaurant Brands International Inc. keeps 34.4% of revenue after the direct cost of what it sells.
- **Operating margin: 27.3%**. 27.3% 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: 14.3%**. Return on all capital, debt included, is 14.3%.
- **Return on assets: 5.9%**. Each dollar of assets produces 5.9% 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: 4.9×**. It would take 4.9 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 5.4×**. Operating profit covers interest 5.4× 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: 1.88**. A Z-score of 1.88 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.50%** ($2.57 per share, trailing). Restaurant Brands International Inc. yields 3.50%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 143%** (73% 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: 4.8%**. Dividends plus net buybacks return 4.8% of the market value a year.

## Price and momentum
- **Total return (1 yr): 16.0%** (YTD 10.9%, 3-mo 0.6%). The shares are up 16.0% over twelve months including dividends.
- **From 52-week high: -9.3%** (13.6% above the low). Trading 9% below 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): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 0.07** (volatility 24%). Beta of 0.07 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.