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

TSX:QSR • CA76131D1033

100.23 CAD
+2.81 (+2.88%)
Last: Mar 5, 2026, 07:00 PM
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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

We assign a fundamental rating of 5 out of 10 to QSR. 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 has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. QSR.CA Profitability Analysis

1.1 Basic Checks

  • QSR had positive earnings in the past year.
  • In the past year QSR had a positive cash flow from operations.
  • In the past 5 years QSR has always been profitable.
  • In the past 5 years QSR always reported a positive cash flow from operatings.
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

  • QSR's Return On Assets of 3.03% is in line compared to the rest of the industry. QSR outperforms 50.00% of its industry peers.
  • QSR has a Return On Equity of 21.35%. This is amongst the best in the industry. QSR outperforms 94.44% of its industry peers.
  • The Return On Invested Capital of QSR (8.31%) is better 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

  • Looking at the Profit Margin, with a value of 8.23%, QSR is in line with its industry, outperforming 55.56% of the companies in the same industry.
  • 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.
  • QSR's Operating Margin has declined in the last couple of years.
  • QSR has a Gross Margin of 54.14%. This is in the better half of the industry: QSR outperforms 61.11% of its industry peers.
  • 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

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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.
  • The number of shares outstanding for QSR has been increased compared to 1 year ago.
  • The number of shares outstanding for QSR has been increased compared to 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 1.44. This is a bad value and indicates that QSR is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of QSR (1.44) is better than 72.22% of its industry peers.
  • 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.
  • QSR has a Debt/Equity ratio of 3.72. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 3.72, QSR is not doing good in the industry: 61.11% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 3.72
Debt/FCF 10.43
Altman-Z 1.44
ROIC/WACC1.14
WACC7.31%
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

  • A Current Ratio of 0.98 indicates that QSR may have some problems paying its short term obligations.
  • QSR has a better Current ratio (0.98) than 61.11% of its industry peers.
  • A Quick Ratio of 0.91 indicates that QSR may have some problems paying 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

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5

3. QSR.CA Growth Analysis

3.1 Past

  • QSR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.51%, which is quite good.
  • The Earnings Per Share has been growing by 12.75% on average over the past years. This is quite good.
  • Looking at the last year, QSR shows a quite strong growth in Revenue. The Revenue has grown by 12.23% in the last year.
  • The Revenue has been growing by 13.68% on average over the past years. This is quite good.
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

  • QSR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.67% yearly.
  • QSR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.94% yearly.
EPS Next Y10.11%
EPS Next 2Y9.26%
EPS Next 3Y9.85%
EPS Next 5Y9.67%
Revenue Next Year4.64%
Revenue Next 2Y3.61%
Revenue Next 3Y3.59%
Revenue Next 5Y2.94%

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 decreasing.
  • 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 1 2 3 4 5

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4

4. QSR.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 20.01, the valuation of QSR can be described as rather expensive.
  • The rest of the industry has a similar Price/Earnings ratio as QSR.
  • When comparing the Price/Earnings ratio of QSR to the average of the S&P500 Index (26.74), we can say QSR is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 18.16, which indicates a rather expensive current valuation of QSR.
  • Based on the Price/Forward Earnings ratio, QSR is valued a bit cheaper than the industry average as 61.11% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of QSR to the average of the S&P500 Index (24.82), we can say QSR is valued slightly cheaper.
Industry RankSector Rank
PE 20.01
Fwd PE 18.16
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

  • Based on the Enterprise Value to EBITDA ratio, QSR is valued a bit cheaper than 61.11% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, QSR is valued a bit cheaper than 61.11% of the companies in the same industry.
Industry RankSector Rank
P/FCF 18.52
EV/EBITDA 13.05
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 high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • QSR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.98
PEG (5Y)1.57
EPS Next 2Y9.26%
EPS Next 3Y9.85%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. QSR.CA Dividend Analysis

5.1 Amount

  • QSR has a Yearly Dividend Yield of 3.72%. Purely for dividend investing, there may be better candidates out there.
  • QSR's Dividend Yield is a higher than the industry average which is at 2.54.
  • QSR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.72%

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.
  • QSR has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
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 2Y9.26%
EPS Next 3Y9.85%
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

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QSR.CA Fundamentals: All Metrics, Ratios and Statistics

RESTAURANT BRANDS INTERN

TSX:QSR (3/5/2026, 7:00:00 PM)

100.23

+2.81 (+2.88%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-12
Earnings (Next)05-06
Inst Owners93.17%
Inst Owner ChangeN/A
Ins Owners1.36%
Ins Owner ChangeN/A
Market Cap32.86B
Revenue(TTM)9.43B
Net Income(TTM)776.00M
Analysts74.55
Price Target108.92 (8.67%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.72%
Yearly Dividend3.34
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)-2.43%
PT rev (3m)-1.72%
EPS NQ rev (1m)-1.47%
EPS NQ rev (3m)-1.74%
EPS NY rev (1m)0.13%
EPS NY rev (3m)0.07%
Revenue NQ rev (1m)-0.18%
Revenue NQ rev (3m)-0.04%
Revenue NY rev (1m)0.68%
Revenue NY rev (3m)0.96%
Valuation
Industry RankSector Rank
PE 20.01
Fwd PE 18.16
P/S 2.56
P/FCF 18.52
P/OCF 15.39
P/B 6.64
P/tB N/A
EV/EBITDA 13.05
EPS(TTM)5.01
EY5%
EPS(NY)5.52
Fwd EY5.51%
FCF(TTM)5.41
FCFY5.4%
OCF(TTM)6.51
OCFY6.5%
SpS39.21
BVpS15.1
TBVpS-57.61
PEG (NY)1.98
PEG (5Y)1.57
Graham Number41.26
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 1.44
F-Score6
WACC7.31%
ROIC/WACC1.14
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 Y10.11%
EPS Next 2Y9.26%
EPS Next 3Y9.85%
EPS Next 5Y9.67%
Revenue 1Y (TTM)12.23%
Revenue growth 3Y13.19%
Revenue growth 5Y13.68%
Sales Q2Q%7.4%
Revenue Next Year4.64%
Revenue Next 2Y3.61%
Revenue Next 3Y3.59%
Revenue Next 5Y2.94%
EBIT growth 1Y8.09%
EBIT growth 3Y7.71%
EBIT growth 5Y9.46%
EBIT Next Year26.58%
EBIT Next 3Y11.94%
EBIT Next 5Y9.63%
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 20.01 and the Price/Book (PB) ratio is 6.64.


How financially healthy is RESTAURANT BRANDS INTERN?

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