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Restaurant Brands International Inc. vs Shoals Technologies

QSR vs SHLS — return on capital, cash generation, margins and balance sheet side by side.

QSR

6 / 9

measures where QSR leads

SHLS

3 / 9

measures where SHLS leads

A simple count of which company scores better on each measure — not a recommendation to buy or sell.

MeasureQSR · FY2025SHLS · FY2025
Revenue$9.4B$475.3M
Net income—$33.6M
Revenue growth (yearly, multi-year)13.2%22.2%
Free cash flow$1.4B(16.0M)
Free cash flow margin15.4%-3.4%
Net cash / (debt)——
ROIC7.5%5.3%
Return on equity23.0%5.8%
Gross margin33.8%35.0%
Operating margin26.4%11.9%
Net debt / EBITDA4.86x1.84x

Figures are as reported by each company; latest fiscal year shown.

Where Restaurant Brands International Inc.'s cash went (FY2025)

Capital spending
$265.0M
Buybacks
—
Dividends
—
Acquisitions
—
Net debt issued / (repaid)
—
Full QSR profile →

Where Shoals Technologies's cash went (FY2025)

Capital spending
$33.0M
Buybacks
—
Dividends
—
Acquisitions
—
Net debt issued / (repaid)
—
Full SHLS profile →

Ask which business is stronger

"Which one reinvests at higher returns?" "Who carries more risk in its filings?" Get answers drawn straight from both companies' filings.

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