Restaurant Brands International (QSRN) Ratios
Restaurant Brands International Ratios
MX:QSRN's free cash flow for Q3 2026 was $479.00M. For the 2026 fiscal year, MX:QSRN's free cash flow was decreased by $-72.00M and operating cash flow was $551.00M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.98 | 0.97 | 1.01 | 0.97 | 0.97 |
| Quick Ratio | 0.91 | 0.91 | 0.94 | 0.91 | 0.92 |
| Cash Ratio | 0.40 | 0.56 | 0.53 | 0.56 | 0.58 |
| Solvency Ratio | 0.05 | 0.06 | 0.07 | 0.06 | 0.05 |
| Operating Cash Flow Ratio | 0.59 | 0.64 | 0.62 | 0.70 | 0.92 |
| Short-Term Operating Cash Flow Coverage | 6.40 | 6.77 | 13.10 | 11.73 | 17.98 |
| Net Current Asset Value | $ -17.63B | $ -17.51B | $ -16.49B | $ -16.43B | $ -17.58B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.69 | 0.65 | 0.62 | 0.64 | 0.63 |
| Debt-to-Equity Ratio | 4.84 | 5.13 | 5.06 | 5.80 | 6.54 |
| Debt-to-Capital Ratio | 0.83 | 0.84 | 0.84 | 0.85 | 0.87 |
| Long-Term Debt-to-Capital Ratio | 0.81 | 0.81 | 0.82 | 0.84 | 0.85 |
| Financial Leverage Ratio | 7.05 | 7.92 | 8.16 | 9.10 | 10.39 |
| Debt Service Coverage Ratio | 2.57 | 2.24 | 2.89 | 3.26 | 3.69 |
| Interest Coverage Ratio | 4.34 | 3.01 | 2.68 | 3.50 | 4.39 |
| Debt to Market Cap | 0.68 | 0.66 | 0.53 | 0.65 | 0.69 |
| Interest Debt Per Share | 54.18 | 52.54 | 48.98 | 48.97 | 48.54 |
| Net Debt to EBITDA | 6.56 | 5.49 | 5.97 | 6.44 | 6.62 |
| Profitability Margins | |||||
| Gross Profit Margin | 41.09% | 35.97% | 39.90% | 39.94% | 41.37% |
| EBIT Margin | 23.32% | 28.55% | 29.17% | 28.85% | 32.13% |
| EBITDA Margin | 26.51% | 31.69% | 31.89% | 31.78% | 35.63% |
| Operating Profit Margin | 23.72% | 28.78% | 29.21% | 29.18% | 32.74% |
| Pretax Profit Margin | 17.85% | 21.52% | 20.69% | 20.98% | 23.75% |
| Net Profit Margin | 8.23% | 12.15% | 16.95% | 15.50% | 14.60% |
| Continuous Operations Profit Margin | 12.73% | 17.19% | 24.47% | 22.78% | 21.83% |
| Net Income Per EBT | 46.08% | 56.44% | 81.90% | 73.85% | 61.48% |
| EBT Per EBIT | 75.25% | 74.78% | 70.84% | 71.92% | 72.54% |
| Return on Assets (ROA) | 3.03% | 4.15% | 5.09% | 4.43% | 3.60% |
| Return on Equity (ROE) | 21.35% | 32.83% | 41.52% | 40.34% | 37.46% |
| Return on Capital Employed (ROCE) | 9.85% | 10.86% | 9.65% | 9.20% | 8.79% |
| Return on Invested Capital (ROIC) | 6.94% | 8.52% | 9.54% | 9.08% | 8.00% |
| Return on Tangible Assets | 9.56% | 13.22% | 18.28% | 16.61% | 14.39% |
| Earnings Yield | 3.41% | 4.91% | 4.88% | 5.08% | 4.45% |
| Efficiency Ratios | |||||
| Receivables Turnover | 11.88 | 12.04 | 9.38 | 10.59 | 10.49 |
| Payables Turnover | 6.42 | 7.04 | 5.34 | 5.15 | 5.48 |
| Inventory Turnover | 27.11 | 37.90 | 25.42 | 29.38 | 35.05 |
| Fixed Asset Turnover | 2.21 | 2.06 | 2.28 | 2.15 | 1.81 |
| Asset Turnover | 0.37 | 0.34 | 0.30 | 0.29 | 0.25 |
| Working Capital Turnover Ratio | -131.94 | -317.21 | -360.10 | -100.08 | 19.10 |
| Cash Conversion Cycle | -12.69 | -11.94 | -15.04 | -23.94 | -21.40 |
| Days of Sales Outstanding | 30.72 | 30.31 | 38.93 | 34.45 | 34.79 |
| Days of Inventory Outstanding | 13.46 | 9.63 | 14.36 | 12.43 | 10.41 |
| Days of Payables Outstanding | 56.87 | 51.88 | 68.33 | 70.81 | 66.60 |
| Operating Cycle | 44.18 | 39.94 | 53.29 | 46.88 | 45.20 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 5.13 | 4.71 | 4.24 | 4.85 | 5.57 |
| Free Cash Flow Per Share | 4.34 | 4.08 | 3.86 | 4.53 | 5.23 |
| Dividend Paid and CapEx Coverage Ratio | 1.25 | 1.22 | 1.19 | 1.39 | 1.60 |
| Capital Expenditure Coverage Ratio | 6.47 | 7.48 | 11.03 | 14.90 | 16.28 |
| Operating Cash Flow Coverage Ratio | 0.10 | 0.09 | 0.09 | 0.10 | 0.12 |
| Operating Cash Flow to Sales Ratio | 0.18 | 0.18 | 0.19 | 0.23 | 0.30 |
| Free Cash Flow Yield | 6.36% | 6.26% | 4.94% | 7.00% | 8.61% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 28.91 | 20.31 | 20.48 | 19.70 | 22.45 |
| Price-to-Sales (P/S) Ratio | 2.42 | 2.47 | 3.47 | 3.05 | 3.28 |
| Price-to-Book (P/B) Ratio | 6.27 | 6.69 | 8.51 | 7.94 | 8.41 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 15.73 | 15.97 | 20.26 | 14.28 | 11.61 |
| Price-to-Operating Cash Flow Ratio | 13.30 | 13.83 | 18.43 | 13.32 | 10.90 |
| Price-to-Earnings Growth (PEG) Ratio | -1.09 | -1.27 | 1.24 | 0.94 | 0.33 |
| Enterprise Value Multiple | 15.68 | 13.29 | 16.86 | 16.05 | 15.82 |
| Enterprise Value | 39.20B | 35.41B | 37.75B | 33.17B | 32.34B |
| EV to EBITDA | 15.68 | 13.29 | 16.86 | 16.05 | 15.82 |
| EV to Sales | 4.16 | 4.21 | 5.38 | 5.10 | 5.64 |
| EV to Free Cash Flow | 27.06 | 27.20 | 31.38 | 23.86 | 19.97 |
| EV to Operating Cash Flow | 22.87 | 23.56 | 28.54 | 22.26 | 18.74 |
| Tangible Book Value Per Share | -36.94 | -37.82 | -38.95 | -40.43 | -43.77 |
| Shareholders’ Equity Per Share | 10.88 | 9.75 | 9.19 | 8.14 | 7.22 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.29 | 0.20 | -0.18 | -0.09 | 0.08 |
| Revenue Per Share | 28.25 | 26.35 | 22.51 | 21.19 | 18.51 |
| Net Income Per Share | 2.32 | 3.20 | 3.81 | 3.28 | 2.70 |
| Tax Burden | 0.46 | 0.56 | 0.82 | 0.74 | 0.61 |
| Interest Burden | 0.77 | 0.75 | 0.71 | 0.73 | 0.74 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.08 | 0.08 | 0.09 | 0.09 | 0.08 |
| Stock-Based Compensation to Revenue | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 |
| Income Quality | 1.59 | 1.47 | 1.11 | 1.01 | 1.38 |
Currency in USD