Restaurant Brands International price to free cash flow QSR

Market value divided by free cash flow over the last twelve months, since 2014.

Today, Oct 23, 2026: 21.0×
10-year median: 14.8×
Against its 10-year history: 75th; percentile: 0 is its lowest day, 100 its highest
10-year range: 6.8× to 27.5×
Peer median: 23.6×

Restaurant Brands International's price to free cash flow is 21.0× as of Oct 23, 2026.

That is above its ten-year median of 14.8×, higher than on 75% of days in the last ten years.

Over that time it ranged from 6.8× in Mar 2020 to 27.5× in Oct 2024.

The median for 10 restaurant stocks of a similar size is 23.6×.

Price to free cash flow over time

median 14.8×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	21.0×	19.5×	25.5×
2025	22.7×	21.1×	26.3×
2024	23.6×	17.1×	27.5×
2023	19.9×	13.4×	19.9×
2022	13.6×	9.3×	14.1×
2021	13.2×	12.2×	26.0×
2020	17.3×	6.8×	17.6×
2019	14.4×	11.6×	15.8×
2018	11.2×	9.9×	17.0×
2017	12.9×	10.0×	13.9×
2016	9.9×	7.3×	10.4×
2015	10.3×	9.8×	38.2×
2014	33.7×	30.6×	36.2×

Against its peers

Companies in Restaurants nearest Restaurant Brands International's size, closest first, today.

Company	Price to free cash flow
QSRRestaurant Brands International	21.0×
CMGChipotle Mexican Grill	22.2×
YUMYum! Brands	24.3×
DRIDarden Restaurants	22.8×
YUMCYum China	16.2×
ARMKAramark	32.0×
TXRHTexas Roadhouse	26.8×
SBUXStarbucks	31.6×
EATBrinker International	13.7×
BROSDutch Bros	76.3×
MCDMcDonald's	22.7×
Peer median	23.6×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Restaurant Brands International

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.