Restaurant Brands International (QSR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Restaurant Brands International

NYSE•Consumer Cyclical•Restaurants

$74.31-0.33(<0.01%)Pre-market

Market Cap

$25.93B

P/E

13.2x

P/S

2.7x

P/B

6.6x

Restaurant Brands International Inc. operates as a quick service restaurant company in Canada, the United States, and internationally. It operates through six segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International, and Restaurant Holdings. The company owns and franchises Tim Hortons, a coffee and baked good restaurant chain that offers beverages, sandwiches, wraps, flatbread pizzas, and others; Burger King, a quick service hamburger restaurant chain that offers flame-grilled hamburgers, chicken, and other sandwiches; Popeyes, a quick service chicken concept that offers a Louisiana style menu, including fried bone-in chicken, chicken sandwiches, chicken tenders, wings, fried shrimp, and regional items; and Firehouse Subs, which offers subs with meats and cheese, as well as chili, soups, soft drinks, and other sides. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Miami, Florida.

How this company scores

GoodMetricSide Score: 74/100

Strongest: Profitability (22/25); weakest: Balance Sheet & Red Flags (13/25).

Profitability22/25

Growth18/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality21/25

Strengths

Strong marginsHigh ROERising earningsConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 13.2x5y range 12.2x – 21.4x

Currently near its 20-quarter median.

P/S · 2.7x5y range 2.3x – 3.9x

Currently near its 20-quarter median.

P/B · 6.6x5y range 6.3x – 9.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Leverage Risk

Red Flag

D/E ratio is 3.3 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Price & Volume

Market Cap $25.93B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $9.78B
Q. Revenue: $2.52B
TTM EBITDA: $2.94B
TTM Op. Income: $2.64B
Q. Op. Income: $696.00M
TTM Net Income: $1.97B
Q. Net Income: $704.00M
EPS: $1.55
Shares Out.: $349.00M

$9.78B in TTM revenue grew 5.5% YoY, reaching $2.52B last quarter. TTM EBITDA of $2.94B and TTM operating income of $2.64B show growth is flowing through to the bottom line. TTM net income of $1.97B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 30.5%
Op. Margin: 27.6%
Net Margin: 27.9%

Op. margin of 27.6% is up 0.5% YoY — cost efficiency is improving. Net margin at 27.9% Over the past year, operating margin is up 2% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 13.2x
P/S Ratio: 2.7x
P/B Ratio: 6.6x

At 13.2x P/E, the stock trades below typical market levels. P/S of 2.7x and P/B of 6.6x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $25.26B
Cash: $974.00M
Long-Term Debt: $13.18B
Book Value: $3.94B
D/E Ratio: 3.3
Debt/EBITDA: 17.1

With $25.26B in assets and $13.18B in long-term debt, D/E is 3.3and book value is $3.94B — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $551.00M
TTM Free Cash Flow: $1.58B
FCF Margin: 16.2%
FCF / Net Income: 0.8

TTM FCF of $1.58B on $551.00M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 13% — a weakening trend.