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.
Employees53,500IPODec 10, 2014SIC9211HQ5707 Waterford District Drive, Suite 300, P.O. Box 339, Miami, FL, USA, 33126
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
33.8%
Operating Margin
26.4%
EBITDA Margin
26.6%
Net Margin
8.2%
OCF Margin
18.2%
FCF Margin
15.4%
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)
30.67
Forward P/E
18.24
P/E ex-NRI
19.68
Shiller P/E (CAPE)
25.45
Cash Flow Multiples
P/FCF
23.04
P/OCF
19.45
P/Owner Earnings
34.97
FCF Yield
5.74%
Enterprise Value Multiples
EV / EBIT
18.55
EV / Forward EBIT
13.53
EV / EBITDA
16.32
EV / Forward EBITDA
12.26
EV / Revenue
4.33
EV / Forward Revenue
2.97
Asset / Sales
P/S
3.51
P/B
6.95
P/Tangible Book
—
Growth-Adjusted
PEG
1.50
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
3.35%
Forward Dividend Yield
3.51%
3Y Dividend Growth
5.3%
Payout Ratio
0.67
5Y Yield on Cost
4.32%
Buybacks & Dilution
3Y Buyback Ratio
−4.10%
5Y Share Change
−2.4%
Combined
Shareholder Yield
1.71%
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
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5-Step DuPont Analysis
ROE %
23.01%
×
×
Net Margin %
8.23%
×
×
Operating Margin %
26.42%
Operating Income
$2.49B
÷
Revenue
$9.43B
×
Tax Burden
0.4608
Net Income
$776M
÷
Pretax Income
$1.68B
×
Interest Burden
0.6758
Pretax Income
$1.68B
÷
Operating Income
$2.49B
×
Asset Turnover
0.38
÷
Revenue
$9.43B
÷
Average Total Assets
$25.12B
Begin Total Assets
$24.63B
End Total Assets
$25.61B
×
Equity Multiplier
7.45
÷
Avg Total Assets
$25.12B
÷
Avg Stockholders Equity
$3.37B
Begin Equity
$3.11B
End Equity
$3.63B
Top insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| Kobza JoshuaOfficer | 960.8K | 0.2773% | $71.08M |
| Schwartz Daniel SDirector | 541.5K | 0.1563% | $40.06M |
| Granat JillOfficer | 478.8K | 0.1382% | $35.42M |
| Behring AlexandreDirector | 271.1K | 0.0782% | $20.05M |
| Schwan AxelOfficer | 209.9K | 0.0606% | $15.53M |
| DOYLE J PATRICKOfficer | 193.9K | 0.0559% | $14.34M |
| Friesner JacquelineOfficer | 165.7K | 0.0478% | $12.26M |
| Housman JeffreyOfficer | 162.1K | 0.0468% | $11.99M |
| SANTELMO THIAGO TOfficer | 78.6K | 0.0227% | $5.81M |
| Siddiqui Sami A.Officer | — | — | — |
10 of 22· 1 withheld
View allRecent insider activity
through Sep 4, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| Schwan AxelOfficer | Option Exercise (Rule 16b-3 Exempt) | +40.0K | $2.34M | Sep 4, 2026 |
| Schwan AxelOfficer | Option Exercise (Rule 16b-3 Exempt) | +30.0K | $1.94M | Sep 4, 2026 |
| Schwan AxelOfficer | Open-Market or Private Sale | -57.6K | $4.67M | Sep 4, 2026 |
| CURTIS THOMAS BENJAMINOfficer | Open-Market or Private Sale | -64.0K | $5.17M | Aug 21, 2026 |
| Housman JeffreyOfficer | Option Exercise (Rule 16b-3 Exempt) | +20.0K | $1.11M | Mar 20, 2026 |
| Housman JeffreyOfficer | Open-Market or Private Sale | -20.0K | $1.47M | Mar 20, 2026 |
| Kobza JoshuaOfficer | Option Exercise (Rule 16b-3 Exempt) | +200.0K | $11.38M | Mar 18, 2026 |
| Kobza JoshuaOfficer | Open-Market or Private Sale | -200.0K | $15.01M | Mar 18, 2026 |
| Granat JillOfficer | Option Exercise (Rule 16b-3 Exempt) | +25.0K | $1.42M | Mar 18, 2026 |
| Granat JillOfficer | Open-Market or Private Sale | -25.0K | $1.88M | Mar 18, 2026 |
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