Restaurant Brands generates about $44 billion in system sales across more than 32,000 restaurants in over 120 markets, making it one of the largest restaurant companies globally. Its banners include Burger King (7,082 stores), Tim Hortons (4,539), Popeyes (3,520), and Firehouse Subs (1,345), concentrated in the US and Canada, with these brands also comprising 15,639 franchised international locations as of year-end 2024. The firm primarily earns revenue from franchise and property fees, supply chain sales within the Tim Hortons segment, company-operated restaurants, and advertising royalties.
Employees53,500IPOJan 24, 2018SIC9211HQ5707 Waterford District Drive, Suite 300, P.O. Box 339, Miami, FL, USA, 33126
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Financials (CAD)
Profitability
Metric
Current
Margins
Gross Margin
33.8%
Operating Margin
26.4%
EBITDA Margin
26.6%
Net Margin
8.2%
OCF Margin
—
FCF Margin
15.2%
Returns on Capital
ROE
23.3%
ROA
3.1%
ROIC
7.4%
ROCE
9.7%
ROC (Greenblatt)
52.8%
3Y ROIIC
−7.3%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
32.60
Forward P/E
19.02
P/E ex-NRI
20.92
Shiller P/E (CAPE)
27.05
Cash Flow Multiples
P/FCF
24.49
P/OCF
20.68
P/Owner Earnings
37.17
FCF Yield
5.40%
Enterprise Value Multiples
EV / EBIT
19.19
EV / Forward EBIT
14.00
EV / EBITDA
16.88
EV / Forward EBITDA
12.68
EV / Revenue
4.48
EV / Forward Revenue
3.07
Asset / Sales
P/S
3.73
P/B
7.39
P/Tangible Book
—
Growth-Adjusted
PEG
1.59
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
3.24%
Forward Dividend Yield
3.32%
3Y Dividend Growth
5.3%
Payout Ratio
0.68
5Y Yield on Cost
4.51%
Buybacks & Dilution
3Y Buyback Ratio
−4.10%
5Y Share Change
−2.4%
Combined
Shareholder Yield
1.61%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
4.32
Gross Debt / EBITDA
6.22
Cash / Debt
0.07
Equity / Assets
0.14
Coverage
Interest Coverage
4.77
Short-Term Liquidity
Current Ratio
0.98
Quick Ratio
0.91
Cash Ratio
0.40
Composite Scores
Piotroski F-Score
6
Altman Z-Score
1.49
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
2026-03-19
$0.65
2026-04-02
2025-12-23
$0.62
2026-01-06
2025-09-23
$0.62
2025-10-07
2025-06-24
$0.62
2025-07-08
2025-03-21
$0.62
2025-04-04
2024-12-20
$0.58
2025-01-03
2024-09-20
$0.58
2024-10-04
2024-06-21
$0.58
2024-07-05
2024-03-20
$0.58
2024-04-04
2023-12-20
$0.55
2024-01-04
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View allDate
Transcript
Type
2026-08-06
Q2 2026 Restaurant Brands International Inc. Earnings Call Transcript
Earnings Call
2026-06-03
Restaurant Brands International Inc Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2026-05-28
Restaurant Brands International Inc at Bernstein Strategic Decisions Conference Transcript
Conference Presentations
2026-05-06
Q1 2026 Restaurant Brands International Inc Earnings Call Transcript
Earnings Call
2026-02-12
Q4 2025 Restaurant Brands International Inc Earnings Call Transcript
Earnings Call
2025-10-30
Q3 2025 Restaurant Brands International Inc Earnings Call Transcript
Earnings Call
2025-08-07
Q2 2025 Restaurant Brands International Inc Earnings Call Transcript
Earnings Call
2025-05-08
Q1 2025 Restaurant Brands International Inc Earnings Call Transcript
Earnings Call
2025-02-12
Q4 2024 Restaurant Brands International Inc Earnings Call Transcript
Earnings Call
2024-11-05
Q3 2024 Restaurant Brands International Inc Earnings Call Transcript
Earnings Call
10 of 55
5-Step DuPont Analysis
ROE %
22.83%
×
×
Net Margin %
8.22%
×
×
Operating Margin %
26.40%
Operating Income
C$3.46B
÷
Revenue
C$13.11B
×
Tax Burden
0.4611
Net Income
C$1.08B
÷
Pretax Income
C$2.34B
×
Interest Burden
0.6755
Pretax Income
C$2.34B
÷
Operating Income
C$3.46B
×
Asset Turnover
0.37
÷
Revenue
C$13.11B
÷
Average Total Assets
C$35.21B
Begin Total Assets
C$35.09B
End Total Assets
C$35.34B
×
Equity Multiplier
7.46
÷
Avg Total Assets
C$35.21B
÷
Avg Stockholders Equity
C$4.72B
Begin Equity
C$4.43B
End Equity
C$5.01B