Restaurant Brands International QSR Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Operating margin | 23.3%-5.4pp | 28.8%-0.4pp | 29.2%0.0pp | 29.2%-3.6pp | |
| Net margin | 11.4%-5.8pp | 17.2%-7.3pp | 24.5%+1.7pp | 22.8%+0.9pp | |
| EBITDA margin | 26.5%-5.4pp | 31.9%0.0pp | 31.9%-0.2pp | 32.1%-4.1pp | |
| Free cash flow margin | 15.4%-0.1pp | 15.5%-1.6pp | 17.1%-4.2pp | 21.4%-6.9pp | |
| Returns | |||||
| Return on equity | 31.9%-16.5pp | 48.4%-15.7pp | 64%+1.5pp | 62.6%+5.7pp | |
| Return on assets | 4.3%-1.7pp | 6%-1.4pp | 7.4%+1.0pp | 6.4%+1.0pp | |
| Return on invested capital | 8.8%-2.6pp | 11.4%-1.4pp | 12.8%+0.8pp | 12.1%+0.7pp | |
| Efficiency | |||||
| Asset turnover | 0.4×0.0× | 0.4×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Liquidity | |||||
| Current ratio | 1×0.0× | 1×0.0× | 1×0.0× | 1×0.0× | |
| Quick ratio | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | |
| Cash ratio | 0.4×-0.2× | 0.6×0.0× | 0.5×0.0× | 0.6×0.0× | |
| Leverage | |||||
| Debt-to-equity | 4.3×-0.8× | 5.1×+0.1× | 5×-0.7× | 5.8×-0.7× | |
| Debt-to-assets | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | |
| Net debt / EBITDA | 5.8×+0.4× | 5.4×-0.5× | 5.9×-0.4× | 6.4×-0.1× | |
| Per Share | |||||
| Book value per share | $7.95+16.1% | $6.85+9.0% | $6.29+14.4% | $5.49+13.9% | |
| Valuation | |||||
| Market capitalization | $23.57B+11.7% | $21.1B-13.7% | $24.45B+23.6% | $19.79B-28.8% | |
| Enterprise value | $38.09B+6.7% | $35.69B-5.6% | $37.79B+14.3% | $33.05B-19.9% | |
| Price / earnings | 21.9×+7.3× | 14.6×+0.4× | 14.2×+0.9× | 13.4×-8.8× | |
| Price / sales | 2.5×0.0× | 2.5×-1.0× | 3.5×+0.4× | 3×-1.8× | |
| Price / book | 6.5×-0.3× | 6.8×-1.7× | 8.5×+0.6× | 7.9×-4.5× | |
| EV / EBITDA | 15.2×+1.9× | 13.3×-3.5× | 16.9×+1.0× | 15.8×-4.0× | |
| EV / sales | 4×-0.2× | 4.2×-1.1× | 5.4×+0.3× | 5.1×-2.1× | |
| Free cash flow yield | 6.1%0.0pp | 6.2%+1.3pp | 4.9%-2.1pp | 7%+1.2pp | |
| Earnings yield | 4.6%-2.3pp | 6.8%-0.2pp | 7%-0.5pp | 7.5%+3.0pp | |
| Dividend yield | 4.7%-0.2pp | 4.9%+0.8pp | 4%-0.9pp | 4.9%+1.4pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Restaurant Brands International's profit margins?
- Restaurant Brands International (QSR) runs a 65.3% gross margin and a 24.7% operating margin, with a 13.5% net margin.
- Where do Restaurant Brands International's ratios come from?
- Every ratio is computed from Restaurant Brands International's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
