(QSR) Restaurant Brands - Overview
Sector: Consumer Cyclical | Industry: Restaurants | Exchange: NYSE (USA) | Market Cap: 34.577m USD | Total Return: 9.2% in 12m
Avg Turnover: 266M
EPS Trend: 87.9%
Qual. Beats: 1
Rev. Trend: 98.6%
Qual. Beats: 0
Warnings
Altman Z'' 1.06 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
Restaurant Brands International Inc. (QSR) is a global quick-service restaurant operator and franchisor headquartered in Miami, Florida. The company manages a diverse portfolio of four primary brands: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, and Firehouse Subs. Its operations are organized into six geographical and brand-specific segments, covering thousands of locations across North America and international markets.
The company utilizes an asset-light business model, generating revenue primarily through royalty fees and lease income from franchised units rather than company-owned store operations. This structure is common in the GICS Restaurants sub-industry as it allows for rapid geographic expansion with lower capital expenditure requirements. Investors can examine the specific growth trajectories of these individual brands on ValueRay to identify emerging valuation trends. By maintaining a mix of coffee, burger, chicken, and sandwich concepts, the company mitigates risks associated with shifting consumer preferences within the fast-food sector.
- Global unit growth acceleration through aggressive international franchising agreements
- Tim Hortons digital transformation and menu innovation drives Canadian comparable sales
- High interest rates increase debt servicing costs for heavily leveraged capital structure
- Commodity price volatility and labor wage inflation compress system-wide franchisee profitability
- Strategic expansion of Popeyes and Firehouse Subs increases global market share footprint
| Net Income: 955.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 1.13 > 1.0 |
| NWC/Revenue: -0.25% < 20% (prev -1.11%; Δ 0.86% < -1%) |
| CFO/TA 0.07 > 3% & CFO 1.77b > Net Income 955.0m |
| Net Debt (17.1b) to EBITDA (2.57b): 6.64 < 3 |
| Current Ratio: 0.99 > 1.5 & < 3 |
| Outstanding Shares: last quarter (459.0m) vs 12m ago 0.66% < -2% |
| Gross Margin: 44.80% > 18% (prev 0.35%; Δ 4.45k% > 0.5%) |
| Asset Turnover: 38.54% > 50% (prev 35.27%; Δ 3.27% > 0%) |
| Interest Coverage Ratio: 5.00 > 6 (EBITDA TTM 2.57b / Interest Expense TTM 453.0m) |
| A: -0.00 (Total Current Assets 2.15b - Total Current Liabilities 2.18b) / Total Assets 24.9b |
| B: 0.08 (Retained Earnings 1.90b / Total Assets 24.9b) |
| C: 0.09 (EBIT TTM 2.26b / Avg Total Assets 24.9b) |
| D: 0.19 (Book Value of Equity 3.74b / Total Liabilities 19.6b) |
| Altman-Z'' = 1.06 = BB |
| DSRI: 1.04 (Receivables 767.0m/677.0m, Revenue 9.59b/8.78b) |
| GMI: 0.77 (GM 44.80% / 34.55%) |
| AQI: 1.01 (AQ_t 0.74 / AQ_t-1 0.73) |
| SGI: 1.09 (Revenue 9.59b / 8.78b) |
| TATA: -0.03 (NI 955.0m - CFO 1.77b) / TA 24.9b) |
| Beneish M = -3.16 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at USD 76.25 with a total of 1,888,127 shares traded.
Over the past week, the price has changed by -0.61%,
over one month by -6.82%,
over three months by +10.52% and
over the past year by +9.22%.
Restaurant Brands has received a consensus analysts rating of 4.13. Therefore, it is recommended to buy QSR.
- StrongBuy: 15
- Buy: 6
- Hold: 9
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 85.9 | 12.6% |
P/E Forward = 18.4843
P/S = 3.6059
P/B = 7.024
P/EG = 1.2789
Revenue TTM = 9.59b USD
EBIT TTM = 2.26b USD
EBITDA TTM = 2.57b USD
Long Term Debt = 13.2b USD (from longTermDebt, last quarter)
Short Term Debt = 286.0m USD (from shortTermDebt, last quarter)
Debt = 18.1b USD (from shortLongTermDebtTotal, last quarter) + Leases 2.40b
Net Debt = 17.1b USD (calculated: Debt 18.1b - CCE 1.01b)
Enterprise Value = 51.7b USD (34.6b + Debt 18.1b - CCE 1.01b)
Interest Coverage Ratio = 5.00 (Ebit TTM 2.26b / Interest Expense TTM 453.0m)
EV/FCF = 34.11x (Enterprise Value 51.7b / FCF TTM 1.51b)
FCF Yield = 2.93% (FCF TTM 1.51b / Enterprise Value 51.7b)
FCF Margin = 15.79% (FCF TTM 1.51b / Revenue TTM 9.59b)
Net Margin = 9.96% (Net Income TTM 955.0m / Revenue TTM 9.59b)
Gross Margin = 44.80% ((Revenue TTM 9.59b - Cost of Revenue TTM 5.29b) / Revenue TTM)
Gross Margin QoQ = 49.65% (prev 47.53%)
Tobins Q-Ratio = 2.08 (Enterprise Value 51.7b / Total Assets 24.9b)
Interest Expense / Debt = 2.50% (Interest Expense 453.0m / Debt 18.1b)
Taxrate = 7.87% (38.0m / 483.0m)
NOPAT = 2.09b (EBIT 2.26b * (1 - 7.87%))
Current Ratio = 0.99 (Total Current Assets 2.15b / Total Current Liabilities 2.18b)
Debt / Equity = 4.83 (Debt 18.1b / totalStockholderEquity, last quarter 3.74b)
Debt / EBITDA = 6.64 (Net Debt 17.1b / EBITDA 2.57b)
Debt / FCF = 11.28 (Net Debt 17.1b / FCF TTM 1.51b)
Total Stockholder Equity = 3.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.84% (Net Income 955.0m / Total Assets 24.9b)
RoE = 27.14% (Net Income TTM 955.0m / Total Stockholder Equity 3.52b)
RoCE = 13.52% (EBIT 2.26b / Capital Employed (Equity 3.52b + L.T.Debt 13.2b))
RoIC = 9.07% (NOPAT 2.09b / Invested Capital 23.0b)
WACC = 5.18% (E(34.6b)/V(52.7b) * Re(6.68%) + D(18.1b)/V(52.7b) * Rd(2.50%) * (1-Tc(0.08)))
Discount Rate = 6.68% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.09 | Cagr: 0.59%
[DCF] Terminal Value 77.97% ; FCFF base≈1.40b ; Y1≈1.61b ; Y5≈2.36b
[DCF] Fair Price = 53.35 (EV 35.6b - Net Debt 17.1b = Equity 18.5b / Shares 347.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 87.90 | EPS CAGR: 5.44% | SUE: 1.60 | # QB: 1
Revenue Correlation: 98.64 | Revenue CAGR: 15.52% | SUE: 0.05 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.04 | Chg30d=-1.88% | Revisions=-64% | Analysts=26
EPS next Quarter (2026-09-30): EPS=1.09 | Chg30d=-0.98% | Revisions=-60% | Analysts=26
EPS current Year (2026-12-31): EPS=4.05 | Chg30d=-0.10% | Revisions=+4% | GrowthEPS=+9.8% | GrowthRev=+4.5%
EPS next Year (2027-12-31): EPS=4.44 | Chg30d=+0.93% | Revisions=+26% | GrowthEPS=+9.6% | GrowthRev=+1.6%
[Analyst] Revisions Ratio: -64%