Restaurant Brands International Inc. Financial Ratios — QSR

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	204.1	13.33	5.12	15.48	15.36	23.93	22.7	15.49	28.08	32.91	35.26	26.22	17.5
Return on Assets (%)	- -	8.02	1.19	1.89	3.28	3.21	2.96	3.03	2.15	3.64	4.38	5.16	4.25	3.09
Return on Capital (%)	- -	21.74	- -	3.36	3.82	- -	2.99	3.26	3.62	4.57	- -	- -	5.11	3.88
Return on Invested Capital (%)	- -	17.75	- -	6.4	8.5	- -	9.66	8.99	8.09	9.7	- -	- -	9.21	8.47
Gross Margin (%)	41.53	69.67	72.02	42.93	47.4	49.13	58.19	42.69	39.71	41.37	39.94	39.9	35.97	33.85
EBITDA Margin (%)	31.98	56.06	58.47	39.54	44.24	45.39	39.71	38.82	35.49	37.03	34.02	32.34	30.79	29.62
Operating Margin (%)	26.18	50.32	52.73	35.05	40.09	41.41	36.34	35.52	31.68	33.53	31.1	29.62	27.65	26.43
Incremental Operating Margin (%)	- -	-7.37	105.33	27.62	257.68	54.19	6.66	17.48	65.51	45.4	12.92	11.03	17.63	16.44
Pretax Margin (%)	8.1	28.11	-21.19	16.63	28.94	24.06	25.8	25.91	16.43	23.75	20.98	20.69	21.52	17.85
Profit Margin (%)	5.97	20.39	13.46	9.26	14.86	14.16	11.42	11.48	9.78	14.6	15.5	16.95	12.15	8.23
Net Income to Common Margin (%)	5.97	20.39	12.31	2.56	8.35	8.57	11.42	11.48	9.78	14.6	15.5	16.95	12.15	8.23
Effective Tax Rate (%)	26.3	27.47	- -	24.07	20.33	- -	17.22	23.48	8.09	8.07	- -	- -	20.12	28.68
Dvd Payout Ratio (%)	11.89	36.07	-12.86	24.18	26.12	26.05	43.44	57.06	94.58	58.39	49.64	44.08	55.06	73.87
Sustainable Growth Rate (%)	- -	130.48	15.04	3.88	11.43	11.36	13.54	9.75	0.84	11.68	16.57	19.72	11.78	4.57

Credit (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	3,192	10,663	9,073	8,998	12,375	12,332	13,466	14,123	14,620	14,491	14,515	15,956	15,704
ST Debt	- -	81	1,129	56	94	78	91	227	248	236	264	248	415	268
LT Debt	- -	3,111	9,534	9,017	8,904	12,297	12,241	13,239	13,875	14,384	14,227	14,267	15,541	15,436
Total Debt/EBITDA	- -	4.97	15.21	5.66	4.91	5.96	5.8	6.19	8.01	6.88	6.55	6.39	6.17	5.62
Net Debt/EBITDA	- -	3.38	11.63	4.84	3.84	5.19	5.17	4.75	6.19	5.61	5.33	5.2	4.77	4.35
Total Debt/EBIT	- -	5.53	16.87	6.39	5.41	6.53	6.33	6.77	8.97	7.6	7.16	6.98	6.87	6.3
Net Debt/EBIT	- -	3.77	12.9	5.46	4.24	5.69	5.65	5.19	6.94	6.2	5.83	5.68	5.31	4.88
EBITDA to Interest Expense	3.02	3.37	2.58	3.58	4.25	4.11	4.08	4.16	3.59	4.42	4.32	3.82	4.38	5.35
EBITDA-CapEx/Interest Expense	2.68	3.24	2.47	3.32	4.17	4.04	3.92	4.04	3.35	4.2	4.13	3.62	4.04	4.84
EBIT to Interest Expense	2.47	3.03	2.33	3.17	3.85	3.75	3.74	3.8	3.21	4	3.95	3.5	3.93	4.78
Interest Expense	209	191	272	448	432	505	521	523	491	481	512	595	591	522
Common Equity/Total Assets	- -	3.93	9.31	11.24	12.55	12.74	11.97	14.55	13.26	12.68	13.97	15.27	17.12	18.17
Long-Term Debt/Equity (%)	- -	205.17	124.85	145.21	131.22	269.61	338.34	310.85	372.88	373.32	333.34	301.63	320.9	299.21
Long-Term Debt/Capital (%)	- -	90.93	51.8	56.3	54.02	70.62	73.08	71.61	74.21	74.98	73.19	71.51	70.94	70.54
Long-Term Debt/Total Assets (%)	- -	53.37	44.67	48.98	46.56	57.94	60.78	59.21	60.92	61.88	62.55	60.99	63.09	60.26
Total Debt/Equity (%)	- -	210.54	139.63	146.11	132.61	271.32	340.85	316.18	379.55	379.44	339.53	306.87	329.47	304.4
Total Debt/Capital (%)	- -	93.31	57.93	56.65	54.59	71.07	73.62	72.84	75.53	76.21	74.55	72.75	72.84	71.76
Total Debt/Total Assets (%)	- -	54.77	49.96	49.28	47.05	58.31	61.23	60.22	62.01	62.89	63.71	62.05	64.78	61.31
Net Debt to Equity	- -	143.43	106.75	124.98	103.8	236.4	304.06	242.47	293.36	309.5	276.19	249.81	254.86	235.61
Net Debt/Capital (%)	- -	82.55	49.1	50.86	46.89	66.09	69.46	60.91	63.69	65.9	64.56	62.81	60	58.66
EBITDA	630	643	701	1,602	1,834	2,077	2,127	2,175	1,763	2,125	2,213	2,271	2,588	2,794
EBITDA-CapEx	560	617	670	1,487	1,800	2,040	2,041	2,113	1,646	2,019	2,113	2,151	2,387	2,529
Operating Income (Loss)	516	577	632	1,420	1,662	1,895	1,947	1,990	1,574	1,924	2,023	2,080	2,324	2,493

Liquidity (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	2.27	0.93	0.68	1.21	0.66	0.65	0.9	0.97	0.58	0.56	0.53	0.56	0.4
Current Ratio	- -	3.11	1.36	1.22	1.73	1.06	1.07	1.29	1.41	0.97	0.97	1.01	0.97	0.98
Quick Ratio	- -	2.79	1.15	1.05	1.54	0.96	0.97	1.21	1.31	0.87	0.85	0.88	0.86	0.68
CFO/Avg Current Liab	- -	1.88	0.23	0.79	1.07	0.97	0.76	0.95	0.56	0.99	0.75	0.62	0.67	0.65
Common Equity/Total Assets	- -	3.93	9.31	11.24	12.55	12.74	11.97	14.55	13.26	12.68	13.97	15.27	17.12	18.17
Long-Term Debt/Equity (%)	- -	205.17	124.85	145.21	131.22	269.61	338.34	310.85	372.88	373.32	333.34	301.63	320.9	299.21
Long-Term Debt/Capital (%)	- -	90.93	51.8	56.3	54.02	70.62	73.08	71.61	74.21	74.98	73.19	71.51	70.94	70.54
Long-Term Debt/Total Assets (%)	- -	53.37	44.67	48.98	46.56	57.94	60.78	59.21	60.92	61.88	62.55	60.99	63.09	60.26
Total Debt/Equity (%)	- -	210.54	139.63	146.11	132.61	271.32	340.85	316.18	379.55	379.44	339.53	306.87	329.47	304.4
Total Debt/Capital (%)	- -	93.31	57.93	56.65	54.59	71.07	73.62	72.84	75.53	76.21	74.55	72.75	72.84	71.76
Total Debt/Total Assets (%)	- -	54.77	49.96	49.28	47.05	58.31	61.23	60.22	62.01	62.89	63.71	62.05	64.78	61.31
CFO/Total Liabilities	- -	7.54	1.89	9.87	10.13	8.35	7.05	8.15	4.83	8.9	8.06	7.09	7.6	8.38
CFO/CapEx	3.2	12.75	8.39	10.45	36.76	37.59	13.55	23.81	7.87	16.28	14.9	11.02	7.48	6.47
Altman's Z-Score	- -	1.76	1.37	2.37	2.71	3.23	3.53	2.82	2.45	2.84	3.06	3.27	3.04	3.13

Working Capital (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	12.03	3.75	9.31	10.04	10.25	11.39	11.45	9.35	10.6	11.21	10.3	11.62	12.65
Days Sales Outstanding	- -	30.35	97.23	39.19	36.34	35.59	32.06	31.89	39.05	34.44	32.57	35.42	31.42	28.86
Inventory Turnover	- -	579.5	6.78	25.83	28.49	31.08	29.28	40.39	33.28	35.05	34.12	28.23	34.95	35.97
Days Inventory Outstanding	- -	0.63	53.87	14.13	12.81	11.74	12.47	9.04	10.97	10.41	10.7	12.93	10.44	10.15
Accounts Payable Turnover	- -	22.44	3.4	7.86	5.94	5.39	4.43	5.57	5.43	6.24	5.75	5.49	6.89	7.73
Accounts Payable Turnover Days	- -	16.27	107.35	46.46	61.46	67.69	82.32	65.58	67.25	58.47	63.49	66.43	52.97	47.22
Cash Conversion Cycle	- -	14.71	43.76	6.86	-12.31	-20.35	-37.79	-24.65	-17.23	-13.61	-20.22	-18.07	-11.11	-8.21
Inventory to Cash Days	- -	29.72	43.36	25.05	23.53	23.85	19.59	22.85	28.08	24.03	21.88	22.49	20.97	18.72
Inventories	- -	1	98	81	72	78	75	84	96	96	133	166	142	205
Raw Materials	- -	- -	26	23	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	1	72	59	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	72	78	75	84	96	96	133	166	142	205

Enterprise Value (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	13,418	7,603	11,100	14,571	13,023	17,090	18,455	18,811	19,854	24,377	20,792	22,448
- Cash & Cash Equivalents	- -	787	1,803	758	1,460	1,097	913	1,533	1,560	1,087	1,178	1,139	1,334	1,163
+ Preferred Equity and Hybrid Capital	- -	- -	3,297	3,297	3,297	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	2,461	1,576	1,786	2,334	2,007	1,769	1,554	1,616	1,769	1,864	1,733	1,525
+ Total Debt	- -	3,192	10,663	9,073	8,998	12,375	12,332	13,466	14,123	14,620	14,491	14,515	15,956	15,704
Enterprise Value	- -	2,405	28,036	20,791	23,721	28,183	26,449	30,792	32,572	33,960	34,936	39,617	37,147	38,514
Total Capital	- -	3,421	18,407	16,017	16,482	17,412	16,750	18,488	18,698	19,183	19,438	19,951	21,906	21,883
Total Debt/Capital (%)	- -	93.31	57.93	56.65	54.59	71.07	73.62	72.84	75.53	76.21	74.55	72.75	72.84	71.76
Total Debt / EV	- -	1.33	0.38	0.44	0.38	0.44	0.47	0.44	0.43	0.43	0.41	0.37	0.43	0.41
EV/Sales	- -	2.1	23.39	5.13	5.72	6.16	4.94	5.5	6.56	5.92	5.37	5.64	4.42	4.08
EV/EBITDA	- -	3.74	40	12.98	12.93	13.57	12.43	14.16	18.48	15.98	15.79	17.44	14.35	13.78
EV/EBIT	- -	4.17	44.35	14.64	14.27	14.87	13.58	15.47	20.69	17.65	17.27	19.05	15.98	15.45
EV/Cash Flow to Firm	- -	5.19	51.22	13.46	14.88	14.4	16.57	16.41	23.74	15.66	17.08	19.55	18.81	18.46
EV/Free Cash Flow to Firm	- -	4.92	48.48	12.53	14.57	14.13	15.72	15.89	21.87	14.93	16.28	18.46	17.07	16.38
Diluted Market Cap	- -	- -	13,984	17,783	22,400	29,351	24,738	29,908	28,599	28,156	29,425	35,627	29,592	31,181
Diluted Enterprise Value	- -	2,405	28,602	30,972	35,021	42,963	38,164	43,610	42,716	43,305	44,507	50,867	45,947	47,247
EV per Share	- -	6.85	81.57	102.17	101.85	118.91	106.22	114.9	107.86	109.55	113.8	126.98	116.45	117.06
TTM Sales	1,971	1,146	1,199	4,052	4,146	4,576	5,357	5,603	4,968	5,739	6,505	7,022	8,406	9,434
TTM EBITDA	630	643	701	1,602	1,834	2,077	2,127	2,175	1,763	2,125	2,213	2,271	2,588	2,794
TTM Operating Income	516	577	632	1,420	1,662	1,895	1,947	1,990	1,574	1,924	2,023	2,080	2,324	2,493
TTM Cash Flow to Firm	378	463	547	1,545	1,594	1,957	1,596	1,876	1,372	2,168	2,046	2,027	1,975	2,086
TTM Free Cash Flow to Firm	449	489	578	1,660	1,628	1,994	1,682	1,938	1,489	2,274	2,146	2,147	2,176	2,351

Multiples (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	48.19	13.47	17.45	20.55	19.77	19.45	27.55	15.37	18.51	24.69	17.37	15.76
EV/EBIT	- -	4.17	44.35	14.64	14.27	14.87	13.58	15.47	20.69	17.65	17.27	19.05	15.98	15.45
Enterprise Value	- -	2,405	28,036	20,791	23,721	28,183	26,449	30,792	32,572	33,960	34,936	39,617	37,147	38,514
Low Price	- -	- -	32.98	34.19	29.28	46.88	50.2	50.78	25.08	54.18	46.68	59.99	64.55	58.71
EV/Sales	- -	2.1	23.39	5.13	5.72	6.16	4.94	5.5	6.56	5.92	5.37	5.64	4.42	4.08
EV/EBITDA	- -	3.74	40	12.98	12.93	13.57	12.43	14.16	18.48	15.98	15.79	17.44	14.35	13.78
Price/Earnings	- -	- -	90.91	73.17	32.08	37.17	21.28	26.58	37.97	22.45	19.7	20.48	20.36	28.93
Price/Earnings Average	- -	- -	88.12	76.19	28.25	35.87	23.7	28.07	34.36	23.34	17.39	18.27	22.56	28.2
Price/Earnings High	- -	- -	100.08	89.53	33.79	41.65	26.52	33.12	41.84	26.31	20.87	20.58	26.02	31.25
Price/Earnings Low	- -	- -	76.8	66.97	19.71	28.34	20.42	21.16	15.58	20.04	14.22	15.73	20.17	24.89
Price/Book Value	- -	- -	6.76	3.67	4.62	5.39	5.4	5.25	6.11	6.38	6.25	6.82	4.93	4.82
Price/Book Value Average	- -	- -	6.55	3.82	4.07	5.2	6.02	5.55	5.53	6.64	5.52	6.09	5.46	4.7
Price/Book Value High	- -	- -	7.44	4.49	4.87	6.04	6.73	6.55	6.73	7.48	6.62	6.86	6.3	5.21
Price/Book Value Low	- -	- -	5.71	3.36	2.84	4.11	5.18	4.18	2.51	5.7	4.51	5.24	4.88	4.15
Price/Tangible Book Value	- -	- -	-1.18	-0.7	-1.07	-1.19	-1.06	-1.43	-1.45	-1.39	-1.6	-2.01	-1.72	-1.82
Price/Tangible Book Value Average	- -	- -	-1.15	-0.73	-0.94	-1.14	-1.18	-1.51	-1.31	-1.44	-1.41	-1.79	-1.91	-1.77
Price/Tangible Book Value High	- -	- -	-1.3	-0.86	-1.12	-1.33	-1.32	-1.78	-1.6	-1.62	-1.7	-2.02	-2.2	-1.97
Price/Tangible Book Value Low	- -	- -	-1	-0.64	-0.65	-0.9	-1.01	-1.14	-0.6	-1.24	-1.15	-1.54	-1.71	-1.57
Price/Sales	- -	- -	11.19	1.88	2.68	3.18	2.43	3.05	3.71	3.28	3.05	3.47	2.47	2.38
Price/Sales Average	- -	- -	10.85	1.95	2.36	3.07	2.71	3.22	3.36	3.41	2.69	3.1	2.74	2.32
Price/Sales High	- -	- -	12.32	2.3	2.82	3.57	3.03	3.8	4.09	3.84	3.23	3.49	3.16	2.57
Price/Sales Low	- -	- -	9.46	1.72	1.64	2.43	2.33	2.43	1.52	2.93	2.2	2.67	2.45	2.05
Price/Cash Flow	- -	- -	51.75	6.31	8.88	10.48	11.18	11.58	20.04	10.9	13.32	18.43	13.83	13.1
Price/Cash Flow Average	- -	- -	50.16	6.57	7.82	10.11	12.45	12.23	18.13	11.33	11.76	16.44	15.32	12.77
Price/Cash Flow High	- -	- -	56.97	7.72	9.35	11.74	13.93	14.43	22.08	12.77	14.12	18.51	17.68	14.15
Price/Cash Flow Low	- -	- -	43.71	5.77	5.46	7.99	10.73	9.22	8.22	9.73	9.62	14.15	13.7	11.27
Price/Free Cash Flow Average	- -	- -	46.71	14.03	15.36	19.83	22.03	20.53	24.93	15.98	16.34	22.02	19.23	15.36
Price/Free Cash Flow High	- -	- -	53.05	16.48	18.38	23.03	24.64	24.23	30.36	18.01	19.61	24.81	22.19	17.02
Price/Free Cash Flow Low	- -	- -	40.71	12.33	10.72	15.67	18.98	15.48	11.31	13.72	13.36	18.96	17.2	13.56
EV/Sales Average	- -	2.1	23.04	5.21	5.4	6.05	5.21	5.67	6.2	6.05	5.01	5.27	4.69	4.02
EV/Sales High	- -	2.1	24.52	5.55	5.86	6.54	5.54	6.25	6.93	6.48	5.55	5.66	5.11	4.27
EV/Sales Low	- -	2.1	21.65	4.97	4.69	5.4	4.84	4.87	4.37	5.57	4.52	4.84	4.4	3.75
EV/EBITDA Average	- -	3.74	39.41	13.17	12.21	13.32	13.13	14.6	17.48	16.33	14.74	16.29	15.22	13.58
EV/EBITDA High	- -	3.74	41.93	14.04	13.26	14.41	13.94	16.09	19.54	17.5	16.32	17.5	16.59	14.43
EV/EBITDA Low	- -	3.74	37.03	12.57	10.6	11.9	12.19	12.56	12.3	15.03	13.29	14.95	14.28	12.66
EV/EBIT Average	- -	4.17	43.7	14.86	13.48	14.6	14.35	15.95	19.58	18.04	16.12	17.78	16.95	15.22
EV/EBIT High	- -	4.17	46.5	15.84	14.63	15.8	15.23	17.59	21.89	19.33	17.86	19.1	18.47	16.17
EV/EBIT Low	- -	4.17	41.06	14.18	11.7	13.05	13.32	13.72	13.78	16.6	14.54	16.33	15.9	14.19
Last Price	- -	- -	39.04	37.36	47.66	61.48	52.3	63.77	61.11	60.68	64.67	78.13	65.18	68.23
High Price	- -	- -	42.98	45.71	50.2	68.89	65.17	79.46	67.33	71.12	68.54	78.5	83.29	73.7
Enterprise Value Average	- -	2,405	27,624	21,104	22,396	27,673	27,932	31,748	30,817	34,705	32,609	36,985	39,385	37,952
Enterprise Value High	- -	2,405	29,390	22,491	24,313	29,939	29,653	34,997	34,451	37,196	36,124	39,732	42,925	40,313
Enterprise Value Low	- -	2,405	25,953	20,146	19,440	24,723	25,926	27,311	21,691	31,945	29,413	33,957	36,946	35,382

Shares Outstanding	- -	202	202	226	234	244	252	298	305	309	307	312	324	346
Diluted Weighted Avg Shares	354	358	358	476	470	477	473	469	468	464	455	456	454	457
Basic Weighted Avg Shares	350	351	344	204	233	237	249	268	302	310	307	312	319	329
Revenue per Share	5.64	3.27	3.49	19.91	17.8	19.31	21.51	20.91	16.45	18.51	21.19	22.51	26.35	28.67
EBITDA per Share	1.8	1.83	2.04	7.87	7.87	8.76	8.54	8.12	5.84	6.85	7.21	7.28	8.11	8.49
Operating Income per Share	1.48	1.64	1.84	6.98	7.14	8	7.82	7.43	5.21	6.21	6.59	6.67	7.29	7.58
Basic EPS, GAAP	0.34	0.67	0.43	0.51	1.49	1.65	2.46	2.4	1.61	2.7	3.28	3.81	3.2	2.36
Basic EPS from Cont Ops	0.34	0.67	-0.78	2.51	4.1	5.21	4.59	4.15	2.48	4.04	4.83	5.51	4.53	3.65
Diluted EPS, GAAP	0.33	0.65	0.41	0.22	0.74	0.82	1.29	1.37	1.04	1.81	2.22	2.61	2.25	1.7
Diluted EPS from Cont Ops	0.33	0.65	-0.75	1.08	2.03	2.59	2.42	2.37	1.6	2.7	3.26	3.77	3.18	2.63
Dividend per Share	0.04	0.24	0.31	1.78	2.31	2.8	2.92	3.36	3.18	3.14	3.16	3.17	3.23	3.37
Cash Flow per Share	0.64	0.93	0.75	5.92	5.37	5.87	4.68	5.51	3.05	5.57	4.85	4.24	4.71	5.21
Free Cash Flow per Basic Share	0.44	0.85	0.66	5.35	5.22	5.71	4.33	5.28	2.66	5.23	4.53	3.86	4.08	4.4
Cash & Equivalents per Share	- -	2.24	5.25	3.72	6.27	4.63	3.67	5.72	5.17	3.51	3.84	3.65	4.18	3.53
Book Value per Share	- -	0.65	5.78	10.17	10.31	11.41	9.68	12.14	10	9.51	10.35	11.45	13.22	14.15
Tangible Book Value per Share	- -	-5.44	-33	-53.12	-44.72	-51.83	-49.52	-44.61	-42.12	-43.77	-40.43	-38.95	-37.82	-37.5

Restaurant Brands International Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)