Restaurant Brands International Inc

Restaurant Brands International Inc

QSR

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Market Cap$25.92B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Restaurant Brands International IncRestaurant Brands International Inc27.13.36%30%2.71.1

Earnings Call Q1 2026

May 6, 2026 - AI Summary

Q1 performance: solid growth + strong profitability/earnings - Delivered 3.2% comparable sales growth, 2.6% net restaurant growth (NRG), and 6.2% system-wide sales growth. - Translated to 10.7% organic AOI growth and ~14.6% nominal adjusted EPS growth (adjusted EPS $0.86 vs $0.75 prior year). - CFO highlighted AOI outperformance from $12M net bad debt recoveries, $12M decline in segment G&A (ex RH), and BK China royalty revenue restarting after the JV close; partially offset by ~$13M AOI drag from Tim Hortons advertising/services timing (expected to recur in Q2 and partially reverse in H2). - Good for investors: top-line momentum is converting into earnings, with cost discipline and favorable one-offs/ timing effects.
Shareholder returns + capital structure: buybacks restarted - Repurchased $60M through April 30, 2026 (resumed buybacks in March) — CFO framed as confidence that shares are undervalued. - Company expects about $500M total share repurchases in 2026 (programmatic, subject to trading dynamics). - Q1 returned about $315M to shareholders via dividends + buybacks. - Ending liquidity: ~$2.3B total liquidity; net leverage ~4.2x. - Outlook commitment: maintain an investment-grade path (corporate IG leverage targeted by 2028).
2026 guidance (key items investors watch) - Segment G&A (ex restaurant holdings): ~$600M–$620M. - Net adjusted interest expense: ~$500M–$520M (assumes mid-3% average SOFR). - CapEx + cash inducements: ~ $400M. - Tim Hortons supply chain margins expected roughly in line with 2025. - Restaurant Holdings (not in organic AOI) expected: $10M–$20M RH AOI full-year (Q1 RH AOI - $1M; decline mainly from Carrols refranchising + inflation + start-up investment losses, with beef inflation relief expected closer to 2027).

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$83.75

Target Price by Analysts

16.6% upsideRestaurant Brands International Target Price DetailsTarget Price
$208.75

Current Fair Value

190.6% upside

Undervalued by 190.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$25.92 Billion
Enterprise Value$29.07 Billion
Dividend Yield$2.51 (3.36%)
Earnings per Share$2.36
Beta0.55
Outstanding Shares347,000,000

Return

Return on Equity29.82%ROE
Return on Assets4.49%
Return on Invested Capital9.41%

Valuation & Multiples

P/E Ratio27.14P/E Ratio
PEG24.11PEG
Price to Sales2.66Price to Sales
Price to Book Ratio4.79Price to Book Ratio
Enterprise Value to Revenue3.03
Enterprise Value to EBIT13.6
Enterprise Value to Net Income26
Total Debt to Enterprise0.14
Debt to Equity1.11Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 14, 2026
EPS Estimate
$0.83
Average shareholder expectation
Revenue Estimate
$2.24 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 6, 2026
EPS Estimate
$1.03
Average shareholder expectation
Revenue Estimate
$2.52 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.8049 7.62%
Total Calls1,321,600 9.74%
Total Puts1,063,800 21.22%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %90.52% 0.69%
Total Invested$22.37B 11.42%
Investors Holding573 45.00%

ESG Score

No data

About Restaurant Brands International Inc

CEO: Jose Cil

Relevant Senate Committees

Joint Committee on Taxation

This committee provides crucial analysis and 'revenue estimates' for tax legislation. Its technical expertise directly influences the corporate tax structures, capital investment credits, and overall tax burden that impact QSR's profitability and financial strategy.

Finance

This powerful committee controls taxation and trade. Its tax policy decisions (corporate tax rates, deductions) directly impact QSR's profitability and capital allocation, while trade policy (tariffs) can affect ingredient costs.

Agriculture, Nutrition, and Forestry

This committee's oversight of the Farm Bill and agricultural policies directly impacts the cost and availability of key food ingredients (meat, dairy, produce) for QSR, making it a critical influence on supply chain expenses.

Health, Education, Labor, and Pensions

This committee directly impacts QSR through labor laws (e.g., minimum wage, overtime, unionization), which significantly affect its large workforce costs. FDA regulations on food safety and nutrition also directly apply to QSR's products.

Judiciary

This committee's oversight of antitrust laws and intellectual property is highly relevant. Antitrust enforcement could impact QSR's market position or potential M&A activities, and intellectual property (trademarks, recipes) is crucial for brand protection.

Banking, Housing, and Urban Affairs

This committee regulates the financial system, directly impacting QSR's access to capital, borrowing costs for expansion, and the broader real estate market where restaurants are located. Consumer credit conditions also affect spending.