Restaurant Brands International Inc.
—- Market cap
- $28.00B
- Debt
- +$13.31B
- Cash
- —
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 68% equity / 32% debt
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: QSR stock price at discount vs ON $80.19 current versus $602.90 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ON's multiple
Implied fair value · at QSR's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple discount
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: QSR FY 2025 (ended Dec 31, 2025) · ON FY 2025 (ended Dec 31, 2025).
Trendline
Eight fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 68% equity / 32% debt
Capital structure 100% equity / 0% debt · EV / Revenue 4.41x · EV / EBITDA 33.86x
QSR carries the larger enterprise value at $41.32B against $26.42B; QSR trades on the lower EV / Revenue multiple (4.38x vs 4.41x); QSR on the lower EV / EBITDA (16.20x vs 33.86x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
RESTAURANT BRANDS INTERNATIONAL INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
ON SEMICONDUCTOR CORPORATION · implied price per share
Bear
$43.50
Base
$50.83
Bull
$60.71
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
3.66x
0.00x
Net debt / EBITDA
Leverage against operating earnings
—
-3.26x
Cash and equivalents
Liquid reserves on the balance sheet
—
$2.55B
Total debt
Interest-bearing obligations outstanding
$13.31B
$900.00K
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
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