RESTAURANT BRANDS INTERNATIONAL INC. vs Texas Roadhouse, Inc., two Restaurants stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Restaurant Brands International and Texas Roadhouse split on the classic franchise-versus-operator line. Restaurant Brands, which franchises Burger King, Tim Hortons, and Popeyes, keeps 13.55% of revenue, returns 24.55% on equity, and pays a 3.34% dividend at 26.26 times earnings. Texas Roadhouse, which runs its own steakhouses, keeps 7% of sales, returns a comparable 27.58% on equity, and pays 1.38% at 31.36 times. The balance sheets diverge most: Restaurant Brands carries 2.52 debt-to-equity, typical of a franchisor, while Texas Roadhouse stays nearly debt-free at 0.03. Restaurant Brands generates a 4.58% free cash flow yield against Texas Roadhouse's 2.77%. The franchisor is larger at $34.1B versus $13.0B.
Comparison updated 2026-07-11.
| Metric | QSR | TXRH |
|---|---|---|
| Price | $75.24 | $189.48 |
| Market cap | $34.5B | $12.5B |
| Sector | Restaurants | Restaurants |
| Stage | Mature | Mature |
| Implied growth (priced in) | -2.2% | +19.2% |
| P/E | 26.6 | 30.2 |
| P/B | 6.53 | 8.14 |
| P/S | 3.60 | 2.07 |
| EV/EBITDA | 17.9 | 17.6 |
| Revenue growth | +9.4% | +10.4% |
| Operating margin | 26.8% | 9.0% |
| Net margin | 13.6% | 7.0% |
| Return on equity | 24.6% | 27.6% |
| Return on assets | 5.2% | 11.9% |
| Return on invested capital | 11.8% | 26.2% |
| FCF yield | 4.5% | 2.9% |
| Dividend yield | 3.3% | 1.4% |
| Debt / equity | 2.52 | 0.03 |
| Current ratio | 0.99 | 0.46 |
| Altman Z (solvency) | 1.63 | 5.97 |
| Piotroski F (quality) | 4 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.