Stocks · Consumer Cyclical · Restaurants
Restaurant Brands International Inc. QSR
$69.91 +0.22% Close, Oct 2, 2026 · NYSE · Market cap $24.26B
Low risk
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Net debt is 5.2× EBITDA, a high level of leverage.
- Earnings beat analyst estimates in each of the last 4 quarters (average surprise over the last four: +2.8%).
- Diluted EPS over the last four quarters was $3.39, up 28.9% year over year.
PromtFinance scores
Each score is a percentile within the Consumer Cyclical sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth66Positive
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 38%
- EPS growth (TTM, YoY)Top 27%
- FCF growth (TTM, YoY)Top 50%
- Revenue growth, 3-year CAGRTop 14%
- Revenue growth accelerationBottom 16%
Quality56Neutral
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 32%
- Gross marginTop 31%
- Operating marginTop 3%
- Cash conversion (OCF / net income)Bottom 37%
- Accruals (lower is better)Bottom 23%
- Net debt / EBITDA (lower is better)Bottom 27%
- Interest coverTop 43%
Value41Weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 45%
- Free-cash-flow yieldTop 44%
- EBITDA / enterprise valueBottom 43%
- Sales / enterprise valueBottom 10%
- P/E vs own 5-year history (lower is better)Top 37%
Momentum61Neutral
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 27%
- 6-month returnBottom 36%
- 1-year return vs S&P 500Top 35%
- Distance from 52-week highTop 22%
- Trend checklist (0–4)Bottom 47%
Revisions53Neutral
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 35%
- Consecutive EPS beatsTop 28%
- Share of analysts rating BuyTop 30%
- Upside to consensus price targetBottom 35%
Stability90Exceptional
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 7%
- Maximum drawdown, 3 yearsTop 6%
- Beta vs S&P 500 (lower is better)Top 3%
- Net debt / EBITDA (lower is better)Bottom 27%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 9.3% | 6.5% | ↓ |
| EPS growth (YoY) | -14.0% | 28.9% | ↑ |
| Gross margin | 33.6% | 44.8% | ↑ |
| Operating margin | 23.4% | 27.1% | ↑ |
| FCF margin | 15.0% | 16.2% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 6.5% | 9.3% | ↓ | Top 38% |
| EPS growth (TTM, YoY) | 28.9% | -14.0% | ↑ | Top 27% |
| Gross margin | 44.8% | 33.6% | ↑ | Top 31% |
| Operating margin | 27.1% | 23.4% | ↑ | Top 3% |
| Net margin | 13.1% | 9.4% | ↑ | — |
| Free-cash-flow margin | 16.2% | 15.0% | ↑ | — |
| Return on invested capital | 9.9% | — | Top 32% | |
| Revenue growth, 3-year CAGR | 13.2% | — | Top 14% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.45×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.3%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.1%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -3.7 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 5.21×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 5.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.68%
- Net buyback yield (TTM)
- -0.66%
- Shareholder yield
- 4.02%
- Share count change, 1 year
- +0.7%
- Share count change, 3-year CAGR
- +0.1%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 4
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- +2.8%
- Average 2-day reaction, last 8
- -2.8%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $84.80
- Target vs current price
- +21.3%
- Analysts with a rating
- 44
- Share rating Buy or Strong Buy
- 61%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +2.9% | -2.1% | +0.6% | +5.9% | — |
| May 6, 2026 | +3.9% | -5.5% | -4.1% | -10.9% | -9.4% |
| Feb 12, 2026 | +1.4% | -6.2% | -3.0% | +2.0% | +12.7% |
| Oct 30, 2025 | +3.2% | +1.5% | +1.5% | +9.4% | +2.2% |
| Aug 7, 2025 | -2.9% | -5.1% | -4.5% | -9.5% | -2.3% |
| May 8, 2025 | -4.1% | -0.5% | +0.2% | +5.2% | +1.9% |
| Feb 12, 2025 | -26.4% | -1.6% | -5.5% | -0.3% | +1.0% |
| Nov 5, 2024 | -2.1% | -2.6% | -3.1% | +1.1% | -11.9% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $1.07 | $1.04 | +2.9% | $2.52B |
| May 6, 2026 | $0.86 | $0.83 | +3.9% | $2.26B |
| Feb 12, 2026 | $0.96 | $0.95 | +1.4% | $2.47B |
| Oct 30, 2025 | $1.03 | $1.00 | +3.2% | $2.45B |
| Aug 7, 2025 | $0.94 | $0.97 | -2.9% | $2.41B |
| May 8, 2025 | $0.75 | $0.78 | -4.1% | $2.11B |
| Feb 12, 2025 | $0.81 | $1.10 | -26.4% | $2.30B |
| Nov 5, 2024 | $0.93 | $0.95 | -2.1% | $2.29B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 20.6× | 22.0× | 33th | Top 45% |
| P/E (forward) | 17.3× | — | — | — |
| EV / EBITDA | 13.9× | — | — | Bottom 43% |
| EV / Sales | 4.00× | — | — | Bottom 10% |
| Free-cash-flow yield | 6.49% | — | — | Top 44% |
| Earnings yield | 4.85% | — | — | Top 45% |
P/E over the past five years
Range 17.1× – 31.1× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +5.7%
- Earnings per share growth (TTM)
- +28.9%
- Change in P/E multiple
- -13.1%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -0.1%
- 200-day average slope (20 days)
- +0.4%
- Distance from 50-day average
- -7.3%
- Distance from 200-day average
- -5.1%
- RSI (14)
- 31.0
- Relative volume
- 0.80×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 24.6%
- Volatility vs own 5-year history
- 69th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.31
- Correlation with S&P 500
- 0.22
- Current drawdown from 1-year high
- -14.4%
- Maximum drawdown, 3 years
- -27.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 1, 2021 | Jun 16, 2022 | -33.4% | 264 days | 218 days (May 1, 2023) |
| Mar 13, 2024 | Apr 8, 2025 | -27.5% | 268 days | Not yet recovered |
| Jul 18, 2023 | Oct 13, 2023 | -19.4% | 62 days | 50 days (Dec 26, 2023) |
| Oct 8, 2020 | Nov 2, 2020 | -13.7% | 17 days | 16 days (Nov 24, 2020) |
| Jan 14, 2021 | Jan 27, 2021 | -11.1% | 8 days | 27 days (Mar 8, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $24.26B
- P/E (TTM)
- 20.6
- EPS, diluted (TTM)
- $3.39
- Revenue (TTM)
- $9.70B
- Dividend yield
- 3.68%
- 52-week range
- $64.52 – $81.96
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $5.74B | $6.50B | $7.02B | $8.41B | $9.43B |
| Gross profit | $2.37B | $2.60B | $2.80B | $3.02B | $3.88B |
| Operating income | $1.88B | $1.90B | $2.05B | $2.42B | $2.24B |
| Net income | $838.0M | $1.01B | $1.19B | $1.02B | $776.0M |
| EPS (diluted) | $2.69 | $3.25 | $3.76 | $3.18 | $2.35 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.29B | $2.30B | $2.11B | $2.41B | $2.45B | $2.47B | $2.26B | $2.52B |
| Net income | $252.0M | $259.0M | $159.0M | $189.0M | $315.0M | $113.0M | $338.0M | $507.0M |
| EPS (diluted) | $0.78 | $0.79 | $0.48 | $0.58 | $0.95 | $0.25 | $0.74 | $1.45 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.73B | $1.49B | $1.32B | $1.50B | $1.71B |
| Capital expenditure | -$106.0M | -$100.0M | -$120.0M | -$201.0M | -$265.0M |
| Free cash flow | $1.62B | $1.39B | $1.20B | $1.30B | $1.45B |
| Dividends paid | -$974.0M | -$971.0M | -$990.0M | -$1.03B | -$1.11B |
| Net share buybacks | -$491.0M | -$275.0M | -$440.0M | $78.0M | $33.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.06B
- Total assets
- $25.02B
- Total liabilities
- $19.63B
- Total debt
- $15.65B
- Net debt
- $14.59B
- Shareholders’ equity
- $3.85B
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 18, 2026 | $0.65 | Oct 2, 2026 |
| Jun 23, 2026 | $0.65 | Jul 7, 2026 |
| Mar 19, 2026 | $0.65 | Apr 2, 2026 |
| Dec 23, 2025 | $0.62 | Jan 6, 2026 |
| Sep 23, 2025 | $0.62 | Oct 7, 2025 |
| Jun 24, 2025 | $0.62 | Jul 8, 2025 |
| Mar 21, 2025 | $0.62 | Apr 4, 2025 |
| Dec 20, 2024 | $0.58 | Jan 3, 2025 |
Short interest
- Shares sold short
- 19,033,348
- Days to cover
- 6.11
- Change vs previous report
- +0.7%
FINRA short interest, settlement date Sep 15, 2026.