RESTAURANT BRANDS INTERN (QSR.CA) Fundamental Analysis & Valuation

TSX:QSR • CA76131D1033

100.57 CAD
+0.34 (+0.34%)
Last: Mar 6, 2026, 07:00 PM

This QSR.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Taking everything into account, QSR scores 5 out of 10 in our fundamental rating. QSR was compared to 18 industry peers in the Hotels, Restaurants & Leisure industry. While QSR is still in line with the averages on profitability rating, there are concerns on its financial health. QSR is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. QSR.CA Profitability Analysis

1.1 Basic Checks

  • QSR had positive earnings in the past year.
  • QSR had a positive operating cash flow in the past year.
  • QSR had positive earnings in each of the past 5 years.
  • Each year in the past 5 years QSR had a positive operating cash flow.
QSR.CA Yearly Net Income VS EBIT VS OCF VS FCFQSR.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

1.2 Ratios

  • With a Return On Assets value of 3.03%, QSR perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • The Return On Equity of QSR (21.35%) is better than 94.44% of its industry peers.
  • QSR has a better Return On Invested Capital (8.31%) than 77.78% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for QSR is in line with the industry average of 8.81%.
  • The 3 year average ROIC (7.92%) for QSR is below the current ROIC(8.31%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.03%
ROE 21.35%
ROIC 8.31%
ROA(3y)4.09%
ROA(5y)4.06%
ROE(3y)31.9%
ROE(5y)34.7%
ROIC(3y)7.92%
ROIC(5y)7.57%
QSR.CA Yearly ROA, ROE, ROICQSR.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • QSR's Profit Margin of 8.23% is in line compared to the rest of the industry. QSR outperforms 55.56% of its industry peers.
  • In the last couple of years the Profit Margin of QSR has declined.
  • QSR has a better Operating Margin (26.48%) than 77.78% of its industry peers.
  • In the last couple of years the Operating Margin of QSR has declined.
  • With a decent Gross Margin value of 54.14%, QSR is doing good in the industry, outperforming 61.11% of the companies in the same industry.
  • In the last couple of years the Gross Margin of QSR has declined.
Industry RankSector Rank
OM 26.48%
PM (TTM) 8.23%
GM 54.14%
OM growth 3Y-4.84%
OM growth 5Y-3.72%
PM growth 3Y-19.03%
PM growth 5Y-3.41%
GM growth 3Y-5.65%
GM growth 5Y-4.34%
QSR.CA Yearly Profit, Operating, Gross MarginsQSR.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

3

2. QSR.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so QSR is still creating some value.
  • QSR has more shares outstanding than it did 1 year ago.
  • QSR has more shares outstanding than it did 5 years ago.
  • QSR has a better debt/assets ratio than last year.
QSR.CA Yearly Shares OutstandingQSR.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
QSR.CA Yearly Total Debt VS Total AssetsQSR.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

2.2 Solvency

  • QSR has an Altman-Z score of 1.48. This is a bad value and indicates that QSR is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.48, QSR is in the better half of the industry, outperforming 72.22% of the companies in the same industry.
  • The Debt to FCF ratio of QSR is 10.43, which is on the high side as it means it would take QSR, 10.43 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 10.43, QSR is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
  • A Debt/Equity ratio of 3.72 is on the high side and indicates that QSR has dependencies on debt financing.
  • The Debt to Equity ratio of QSR (3.72) is worse than 61.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.72
Debt/FCF 10.43
Altman-Z 1.48
ROIC/WACC1.12
WACC7.41%
QSR.CA Yearly LT Debt VS Equity VS FCFQSR.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.3 Liquidity

  • QSR has a Current Ratio of 0.98. This is a bad value and indicates that QSR is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of QSR (0.98) is better than 61.11% of its industry peers.
  • QSR has a Quick Ratio of 0.98. This is a bad value and indicates that QSR is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.91, QSR is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.98
Quick Ratio 0.91
QSR.CA Yearly Current Assets VS Current LiabilitesQSR.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

5

3. QSR.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 10.51% over the past year.
  • QSR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.75% yearly.
  • Looking at the last year, QSR shows a quite strong growth in Revenue. The Revenue has grown by 12.23% in the last year.
  • QSR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.68% yearly.
EPS 1Y (TTM)10.51%
EPS 3Y5.43%
EPS 5Y12.75%
EPS Q2Q%18.52%
Revenue 1Y (TTM)12.23%
Revenue growth 3Y13.19%
Revenue growth 5Y13.68%
Sales Q2Q%7.4%

3.2 Future

  • Based on estimates for the next years, QSR will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.82% on average per year.
  • QSR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.48% yearly.
EPS Next Y11.17%
EPS Next 2Y9.9%
EPS Next 3Y9.56%
EPS Next 5Y10.82%
Revenue Next Year4.89%
Revenue Next 2Y3.64%
Revenue Next 3Y2.77%
Revenue Next 5Y1.48%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
QSR.CA Yearly Revenue VS EstimatesQSR.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B 10B
QSR.CA Yearly EPS VS EstimatesQSR.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

4

4. QSR.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • QSR is valuated rather expensively with a Price/Earnings ratio of 20.03.
  • Compared to the rest of the industry, the Price/Earnings ratio of QSR is on the same level as its industry peers.
  • QSR is valuated rather cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 18.01, the valuation of QSR can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of QSR indicates a somewhat cheap valuation: QSR is cheaper than 61.11% of the companies listed in the same industry.
  • QSR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.60, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 20.03
Fwd PE 18.01
QSR.CA Price Earnings VS Forward Price EarningsQSR.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 61.11% of the companies in the same industry are more expensive than QSR, based on the Enterprise Value to EBITDA ratio.
  • 61.11% of the companies in the same industry are more expensive than QSR, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 19.61
EV/EBITDA 13.56
QSR.CA Per share dataQSR.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 -40

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of QSR may justify a higher PE ratio.
PEG (NY)1.79
PEG (5Y)1.57
EPS Next 2Y9.9%
EPS Next 3Y9.56%

5

5. QSR.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.55%, QSR has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.53, QSR pays a bit more dividend than its industry peers.
  • QSR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.55%

5.2 History

  • The dividend of QSR decreases each year by -5.14%.
  • QSR has been paying a dividend for at least 10 years, so it has a reliable track record.
  • As QSR did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)-5.14%
Div Incr Years9
Div Non Decr Years9
QSR.CA Yearly Dividends per shareQSR.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • 142.78% of the earnings are spent on dividend by QSR. This is not a sustainable payout ratio.
DP142.78%
EPS Next 2Y9.9%
EPS Next 3Y9.56%
QSR.CA Yearly Income VS Free CF VS DividendQSR.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
QSR.CA Dividend Payout.QSR.CA Dividend Payout, showing the Payout Ratio.QSR.CA Dividend Payout.PayoutRetained Earnings

QSR.CA Fundamentals: All Metrics, Ratios and Statistics

RESTAURANT BRANDS INTERN

TSX:QSR (3/6/2026, 7:00:00 PM)

100.57

+0.34 (+0.34%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-12
Earnings (Next)05-06
Inst Owners87.85%
Inst Owner ChangeN/A
Ins Owners1.34%
Ins Owner ChangeN/A
Market Cap34.85B
Revenue(TTM)9.43B
Net Income(TTM)776.00M
Analysts74.55
Price Target108.92 (8.3%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.55%
Yearly Dividend3.33
Dividend Growth(5Y)-5.14%
DP142.78%
Div Incr Years9
Div Non Decr Years9
Ex-Date03-19
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.06%
Min EPS beat(2)0.23%
Max EPS beat(2)1.88%
EPS beat(4)2
Avg EPS beat(4)-1.68%
Min EPS beat(4)-5.14%
Max EPS beat(4)1.88%
EPS beat(8)4
Avg EPS beat(8)-1.09%
EPS beat(12)8
Avg EPS beat(12)1.89%
EPS beat(16)11
Avg EPS beat(16)3.16%
Revenue beat(2)2
Avg Revenue beat(2)1.22%
Min Revenue beat(2)1.19%
Max Revenue beat(2)1.24%
Revenue beat(4)3
Avg Revenue beat(4)0.85%
Min Revenue beat(4)-1.82%
Max Revenue beat(4)2.77%
Revenue beat(8)5
Avg Revenue beat(8)0.57%
Revenue beat(12)7
Avg Revenue beat(12)0.21%
Revenue beat(16)11
Avg Revenue beat(16)0.69%
PT rev (1m)-0.83%
PT rev (3m)-1.18%
EPS NQ rev (1m)-1.67%
EPS NQ rev (3m)-2.04%
EPS NY rev (1m)0.96%
EPS NY rev (3m)1.27%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)0.18%
Revenue NY rev (1m)0.86%
Revenue NY rev (3m)0.99%
Valuation
Industry RankSector Rank
PE 20.03
Fwd PE 18.01
P/S 2.71
P/FCF 19.61
P/OCF 16.29
P/B 7.02
P/tB N/A
EV/EBITDA 13.56
EPS(TTM)5.02
EY4.99%
EPS(NY)5.58
Fwd EY5.55%
FCF(TTM)5.13
FCFY5.1%
OCF(TTM)6.17
OCFY6.14%
SpS37.17
BVpS14.32
TBVpS-54.61
PEG (NY)1.79
PEG (5Y)1.57
Graham Number40.21
Profitability
Industry RankSector Rank
ROA 3.03%
ROE 21.35%
ROCE 10.99%
ROIC 8.31%
ROICexc 8.76%
ROICexgc 46.46%
OM 26.48%
PM (TTM) 8.23%
GM 54.14%
FCFM 13.8%
ROA(3y)4.09%
ROA(5y)4.06%
ROE(3y)31.9%
ROE(5y)34.7%
ROIC(3y)7.92%
ROIC(5y)7.57%
ROICexc(3y)8.38%
ROICexc(5y)8%
ROICexgc(3y)46.65%
ROICexgc(5y)48.97%
ROCE(3y)10.48%
ROCE(5y)10.01%
ROICexgc growth 3Y-5.18%
ROICexgc growth 5Y4.18%
ROICexc growth 3Y4.08%
ROICexc growth 5Y7.41%
OM growth 3Y-4.84%
OM growth 5Y-3.72%
PM growth 3Y-19.03%
PM growth 5Y-3.41%
GM growth 3Y-5.65%
GM growth 5Y-4.34%
F-Score6
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 3.72
Debt/FCF 10.43
Debt/EBITDA 4.83
Cap/Depr 88.04%
Cap/Sales 2.81%
Interest Coverage 3.5
Cash Conversion 55.98%
Profit Quality 167.78%
Current Ratio 0.98
Quick Ratio 0.91
Altman-Z 1.48
F-Score6
WACC7.41%
ROIC/WACC1.12
Cap/Depr(3y)75.67%
Cap/Depr(5y)66.47%
Cap/Sales(3y)2.3%
Cap/Sales(5y)2.06%
Profit Quality(3y)132.13%
Profit Quality(5y)145.52%
High Growth Momentum
Growth
EPS 1Y (TTM)10.51%
EPS 3Y5.43%
EPS 5Y12.75%
EPS Q2Q%18.52%
EPS Next Y11.17%
EPS Next 2Y9.9%
EPS Next 3Y9.56%
EPS Next 5Y10.82%
Revenue 1Y (TTM)12.23%
Revenue growth 3Y13.19%
Revenue growth 5Y13.68%
Sales Q2Q%7.4%
Revenue Next Year4.89%
Revenue Next 2Y3.64%
Revenue Next 3Y2.77%
Revenue Next 5Y1.48%
EBIT growth 1Y8.09%
EBIT growth 3Y7.71%
EBIT growth 5Y9.46%
EBIT Next Year26.46%
EBIT Next 3Y11.99%
EBIT Next 5Y10.63%
FCF growth 1Y0%
FCF growth 3Y-2.16%
FCF growth 5Y10.12%
OCF growth 1Y4.26%
OCF growth 3Y1.69%
OCF growth 5Y11.21%

RESTAURANT BRANDS INTERN / QSR.CA FAQ

What is the ChartMill fundamental rating of RESTAURANT BRANDS INTERN (QSR.CA) stock?

ChartMill assigns a fundamental rating of 5 / 10 to QSR.CA.


Can you provide the valuation status for RESTAURANT BRANDS INTERN?

ChartMill assigns a valuation rating of 4 / 10 to RESTAURANT BRANDS INTERN (QSR.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for RESTAURANT BRANDS INTERN?

RESTAURANT BRANDS INTERN (QSR.CA) has a profitability rating of 6 / 10.


What are the PE and PB ratios of RESTAURANT BRANDS INTERN (QSR.CA) stock?

The Price/Earnings (PE) ratio for RESTAURANT BRANDS INTERN (QSR.CA) is 20.03 and the Price/Book (PB) ratio is 7.02.


How financially healthy is RESTAURANT BRANDS INTERN?

The financial health rating of RESTAURANT BRANDS INTERN (QSR.CA) is 3 / 10.