Restaurant Brands International Inc
Restaurant Brands International Inc. operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through six segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International, and Restaurant Holdings. The company owns and franchises Tim Hortons, a coffee and baked good restaurant chain that offers beverages, sandwiches, … Read more
Restaurant Brands International Inc (QSR) - Net Assets
Latest net assets as of December 2025: $5.16 Billion USD
Based on the latest financial reports, Restaurant Brands International Inc (QSR) has net assets worth $5.16 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.61 Billion) and total liabilities ($20.46 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.16 Billion |
| % of Total Assets | 20.14% |
| Annual Growth Rate | 12.3% |
| 5-Year Change | 30.15% |
| 10-Year Change | -22.01% |
| Growth Volatility | 88.29 |
Restaurant Brands International Inc - Net Assets Trend (2003–2024)
This chart illustrates how Restaurant Brands International Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Restaurant Brands International Inc (2003–2024)
The table below shows the annual net assets of Restaurant Brands International Inc from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.84 Billion | +2.39% |
| 2023-12-31 | $4.73 Billion | +10.82% |
| 2022-12-31 | $4.27 Billion | +10.77% |
| 2021-12-31 | $3.85 Billion | +3.55% |
| 2020-12-31 | $3.72 Billion | -12.63% |
| 2019-12-31 | $4.26 Billion | +17.72% |
| 2018-12-31 | $3.62 Billion | -20.68% |
| 2017-12-31 | $4.56 Billion | -32.78% |
| 2016-12-31 | $6.79 Billion | +9.27% |
| 2015-12-31 | $6.21 Billion | -18.63% |
| 2014-12-31 | $7.63 Billion | +403.32% |
| 2013-12-31 | $1.52 Billion | +29.04% |
| 2012-12-31 | $1.18 Billion | -18.92% |
| 2011-12-31 | $1.45 Billion | +28.43% |
| 2009-12-31 | $1.13 Billion | +15.76% |
| 2008-12-31 | $974.80 Million | +15.36% |
| 2007-12-31 | $845.00 Million | +18.02% |
| 2006-12-31 | $716.00 Million | +26.28% |
| 2005-12-31 | $567.00 Million | +18.87% |
| 2004-12-31 | $477.00 Million | +12.50% |
| 2003-12-31 | $424.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Restaurant Brands International Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.86 Billion | 59.81% |
| Common Stock | $2.36 Billion | 75.79% |
| Other Comprehensive Income | $-1.11 Billion | -35.59% |
| Total Equity | $3.11 Billion | 100.00% |
Restaurant Brands International Inc Competitors by Market Cap
The table below lists competitors of Restaurant Brands International Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Hartford Financial Services Group, Inc.
SA:H1IG34
|
$23.63 Billion |
|
Jabil Inc
F:JBL
|
$23.66 Billion |
|
Darden Restaurants Inc
NYSE:DRI
|
$23.69 Billion |
|
Steel Dynamics Inc
NASDAQ:STLD
|
$23.69 Billion |
|
PulteGroup Inc
NYSE:PHM
|
$23.61 Billion |
|
CMS Energy Corporation
NYSE:CMS
|
$23.53 Billion |
|
NAURA Technology Group Co Ltd
SHE:002371
|
$23.52 Billion |
|
ON Semiconductor Corporation
NASDAQ:ON
|
$23.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Restaurant Brands International Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,866,000,000 to 3,110,000,000, a change of 244,000,000 (8.5%).
- Net income of 1,021,000,000 contributed positively to equity growth.
- Dividend payments of 1,029,000,000 reduced retained earnings.
- Share repurchases of 78,000,000 reduced equity.
- Other comprehensive income decreased equity by 401,000,000.
- Other factors increased equity by 731,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.02 Billion | +32.83% |
| Dividends Paid | $1.03 Billion | -33.09% |
| Share Repurchases | $78.00 Million | -2.51% |
| Other Comprehensive Income | $-401.00 Million | -12.89% |
| Other Changes | $731.00 Million | +23.5% |
| Total Change | $- | 8.51% |
Book Value vs Market Value Analysis
This analysis compares Restaurant Brands International Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 10.89x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 18.22x to 10.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $4.09 | $74.57 | x |
| 2012-12-31 | $3.32 | $74.57 | x |
| 2013-12-31 | $4.24 | $74.57 | x |
| 2014-12-31 | $14.45 | $74.57 | x |
| 2015-12-31 | $9.73 | $74.57 | x |
| 2016-12-31 | $10.64 | $74.57 | x |
| 2017-12-31 | $4.66 | $74.57 | x |
| 2018-12-31 | $3.41 | $74.57 | x |
| 2019-12-31 | $5.31 | $74.57 | x |
| 2020-12-31 | $4.63 | $74.57 | x |
| 2021-12-31 | $4.82 | $74.57 | x |
| 2022-12-31 | $5.49 | $74.57 | x |
| 2023-12-31 | $6.29 | $74.57 | x |
| 2024-12-31 | $6.85 | $74.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Restaurant Brands International Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 32.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.15%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 7.92x
- Recent ROE (32.83%) is above the historical average (19.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 1.18% | 0.29% | 0.66x | 6.29x | $-37.40 Million |
| 2004 | 9.85% | 2.42% | 0.71x | 5.71x | $-700.00K |
| 2005 | 4.76% | 1.32% | 0.80x | 4.50x | $-29.70 Million |
| 2006 | 20.67% | 6.62% | 0.89x | 3.52x | $76.40 Million |
| 2007 | 22.49% | 7.74% | 0.91x | 3.18x | $105.50 Million |
| 2008 | 20.53% | 7.89% | 0.94x | 2.78x | $102.62 Million |
| 2009 | 16.55% | 7.47% | 0.91x | 2.43x | $73.96 Million |
| 2011 | 7.38% | 4.58% | 0.42x | 3.85x | $-37.92 Million |
| 2012 | 10.02% | 5.97% | 0.35x | 4.74x | $200.00K |
| 2013 | 15.41% | 20.39% | 0.20x | 3.84x | $82.08 Million |
| 2014 | 3.12% | 13.46% | 0.06x | 4.12x | $-356.04 Million |
| 2015 | 8.10% | 9.26% | 0.22x | 3.97x | $-88.26 Million |
| 2016 | 12.32% | 14.86% | 0.22x | 3.83x | $116.05 Million |
| 2017 | 29.11% | 14.16% | 0.22x | 9.53x | $425.36 Million |
| 2018 | 37.99% | 11.42% | 0.27x | 12.50x | $450.90 Million |
| 2019 | 25.82% | 11.48% | 0.25x | 8.98x | $394.00 Million |
| 2020 | 22.43% | 9.78% | 0.22x | 10.51x | $269.30 Million |
| 2021 | 37.46% | 14.60% | 0.25x | 10.39x | $614.30 Million |
| 2022 | 40.34% | 15.50% | 0.29x | 9.10x | $758.10 Million |
| 2023 | 41.52% | 16.95% | 0.30x | 8.16x | $903.40 Million |
| 2024 | 32.83% | 12.15% | 0.34x | 7.92x | $710.00 Million |
Industry Comparison
This section compares Restaurant Brands International Inc's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $464,923,962
- Average return on equity (ROE) among peers: -36.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Restaurant Brands International Inc (QSR) | $5.16 Billion | 1.18% | 3.97x | $23.62 Billion |
| Alsea S.A.B. de C.V (ALSSF) | $3.30 Billion | 6.35% | 1.85x | $902.51 Million |
| Arcos Dorados Holdings Inc (ARCO) | $351.58 Million | 22.42% | 3.28x | $943.17 Million |
| AmRest Holdings SE (ARHOF) | $264.70 Million | -68.76% | 6.99x | $477.90 Million |
| Ark Restaurants Corp (ARKR) | $43.74 Million | 10.64% | 0.94x | $10.42 Million |
| Big Buck Brewery & Steakhouse Inc (BBUCQ) | $5.62 Million | -39.20% | 3.43x | $1.92 |
| Flanigans Enterprises Inc (BDL) | $17.30 Million | 7.23% | 0.58x | $19.14 Million |
| Bagger Dave's Burger Tavern Inc (BDVB) | $16.75 Million | -158.55% | 0.35x | $654.12K |
| BurgerFi International, Inc. (BFICQ) | $78.95 Million | -131.01% | 2.51x | $1.57K |
| Biglari Holdings Inc (BH-A) | $564.59 Million | 24.84% | 0.75x | $301.65 Million |
| BJs Restaurants Inc (BJRI) | $4.28 Million | -37.56% | 1.33x | $645.31 Million |