QSR
Restaurant Brands International Inc.
QSR has the edge over RIVN overall, supported by stronger fundamentals and lower modeled downside.
RIVN
Rivian Automotive, Inc.
RIVN's outlook is improving, though it still trails on the overall score.
QSR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Weak |
QSR's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is weak.
RIVN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
RIVN's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
QSR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 18x | $75.48 | — |
| Forward | 18x | $75.48 | — |
| Cheap | 19x | $82.16 | +8.8% |
| Fair | 23x | $99.03 | +31% |
| Expensive | 28x | $121 | +61% |
Historical ranges are pointers, not guarantees.
QSR's PE is in its cheap range at 17.6x. On analysts' estimates for next year's earnings, today's price would be 17.5x.
RIVN PE Valuation
RIVN has no meaningful PE right now: it lost money over the past year.
QSR Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect QSR's earnings to grow and its profitability to improve, with its revenue holding steady.
RIVN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RIVN has the edge over QSR on the outlook, with more favorable revenue expectations.
QSR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.30 | +0.3% |
| Q3 2026 | $4.29 | +53% |
| Q2 2026 | $3.71 | +41% |
| Q1 2026 | $2.83 | -4.1% |
| Q4 2025 | $2.35 | -26% |
| Q3 2025 | $2.81 | -29% |
| Q2 2025 | $2.64 | -34% |
| Q1 2025 | $2.95 | -24% |
| Q4 2024 | $3.18 | -15% |
QSR has the edge over RIVN on earnings quality, reporting a profit while its opponent remains loss making.
RIVN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.25 | +$0.83 |
| Q2 2026 | -$2.58 | +$0.62 |
| Q1 2026 | -$2.92 | +$0.77 |
| Q4 2025 | -$3.07 | +$1.62 |
| Q3 2025 | -$3.08 | +$2.52 |
| Q2 2025 | -$3.20 | +$2.76 |
| Q1 2025 | -$3.69 | +$2.08 |
| Q4 2024 | -$4.69 | +$1.05 |
RIVN is still losing money, but far less than before: $2.25 per share over the past year, against $7.40 at its worst in late 2022.
QSR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.5B | +3.1% |
| Q2 2026 | $2.5B | +4.6% |
| Q1 2026 | $2.3B | +7.3% |
| Q4 2025 | $2.5B | +7.4% |
| Q3 2025 | $2.4B | +6.9% |
| Q2 2025 | $2.4B | +16% |
| Q1 2025 | $2.1B | +21% |
| Q4 2024 | $2.3B | +26% |
QSR's revenue has grown year over year for 23 quarters in a row: $2.5B last quarter, up 3.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 28% | +0.5 points |
| Q2 2026 | 28% | +8.4 points |
| Q1 2026 | 27% | +6.1 points |
| Q4 2025 | 25% | -2.5 points |
| Q3 2025 | 27% | +1.9 points |
| Q2 2025 | 20% | -12 points |
| Q1 2025 | 21% | -11 points |
| Q4 2024 | 28% | +1.9 points |
QSR has the edge over RIVN on profitability, with a higher operating margin.
RIVN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | +38% |
| Q2 2026 | $1.7B | +27% |
| Q1 2026 | $1.4B | +11% |
| Q4 2025 | $1.3B | -26% |
| Q3 2025 | $1.6B | +78% |
| Q2 2025 | $1.3B | +13% |
| Q1 2025 | $1.2B | +3% |
| Q4 2024 | $1.7B | +32% |
RIVN's revenue is growing: $2.2B last quarter, up 38% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -41% | +22 points |
| Q2 2026 | -50% | +35 points |
| Q1 2026 | -64% | -11 points |
| Q4 2025 | -65% | -27 points |
| Q3 2025 | -63% | +71 points |
| Q2 2025 | -86% | +33 points |
| Q1 2025 | -53% | +70 points |
| Q4 2024 | -38% | +82 points |
RIVN's operating margin was −41% last quarter, up 22 points from the same quarter a year ago, near the top of its range since 2021.
QSR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $479M | -9.8% |
| Q2 2026 | $479M | +17% |
| Q1 2026 | $169M | +213% |
| Q4 2025 | $453M | +12% |
| Q3 2025 | $531M | +9.5% |
| Q2 2025 | $411M | +41% |
| Q1 2025 | $54M | -56% |
| Q4 2024 | $404M | +13% |
QSR has the edge over RIVN on cash generation, producing positive trailing cash flow while its opponent burns cash.
RIVN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.1B | -$703M |
| Q2 2026 | -$849M | -$451M |
| Q1 2026 | -$1.1B | -$549M |
| Q4 2025 | -$1.1B | -234% |
| Q3 2025 | -$421M | +$732M |
| Q2 2025 | -$398M | +$639M |
| Q1 2025 | -$526M | +$997M |
| Q4 2024 | $856M | +$2.3B |
RIVN has burned cash in almost every quarter: −$4.2B over the past year, against −$489M the year before.
QSR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -3M shares |
| 1 year | 0% | -- |
| 3 years | +0.7% | +3M shares |
| 5 years | -2.6% | -12M shares |
QSR has the edge over RIVN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $274M |
| Q2 2026 | $138M |
| Q1 2026 | $32M |
| Q4 2024 | — |
| Q4 2023 | $385M |
| Q3 2023 | $115M |
| Q2 2023 | — |
| Q1 2023 | — |
RIVN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.1% | +121M shares |
| 1 year | +19% | +226M shares |
| 3 years | +52% | +494M shares |
RIVN has 1.4B diluted shares, up 19% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | $6M |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
QSR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.2x | High |
| Q2 2026 | 4.2x | High |
| Q1 2026 | 4.6x | High |
| Q4 2025 | 4.8x | High |
| Q3 2025 | 4.9x | High |
| Q2 2025 | 5.2x | High |
| Q1 2025 | 4.9x | High |
| Q4 2024 | 4.6x | High |
QSR's net debt is about 4.2 years of its operating earnings (EBITDA), down from 4.9 years a year ago.
RIVN Net Leverage
RIVN's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
QSR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.6 | Neutral |
| Stochastic | 48.0 | Neutral |
QSR's weekly RSI is 52 (neutral) and its Stochastic is 48 (neutral).
RIVN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 25.6 | Neutral |
RIVN's weekly RSI is 41 (neutral) and its Stochastic is 26 (neutral).
QSR PE vs Consumer Cyclical Sector
| Metric | QSR | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 18x | 2.4% below |
| PE % | 7 | 47 | 40 pts below |
QSR is trading at 18x earnings, in line with the Consumer Cyclical sector's median of 18x.
RIVN PE vs Consumer Cyclical Sector
RIVN has no meaningful PE right now: it lost money over the past year.
QSR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $73.5 | 2.7% above |
| 20 week MA | $75.0 | 0.6% above |
| 50 week MA | $73.8 | 2.3% above |
| 100 week MA | $69.9 | 8% above |
| 200 week MA | $70.5 | 7% above |
QSR has the edge over RIVN on trend strength, trading above more of its moving averages.
RIVN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.3 | 3.9% below |
| 20 week MA | $15.1 | 15% below |
| 50 week MA | $15.9 | 19% below |
| 100 week MA | $14.7 | 13% below |
| 200 week MA | $15.1 | 15% below |
RIVN is in a downtrend: it's below all five of its weekly moving averages, and 15% below its 200-week average.
QSR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $64.5 | $60.7 | -5.9% |
| 2021 | $60.7 | $59.3 | -2.3% |
| 2022 | $59.3 | $65.0 | +9.6% |
| 2023 | $65.0 | $78.1 | +20% |
| 2024 | $78.1 | $65.5 | -16% |
| 2025 | $65.5 | $69.9 | +6.6% |
| 2026 YTD | $69.9 | $75.5 | +8% |
QSR has the edge over RIVN on returns for 2026, with the stronger performance.
RIVN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $130.0 | $96.8 | -25% |
| 2022 | $96.8 | $19.1 | -80% |
| 2023 | $19.1 | $23.5 | +23% |
| 2024 | $23.5 | $13.7 | -42% |
| 2025 | $13.7 | $20.9 | +53% |
| 2026 YTD | $20.9 | $12.8 | -39% |
RIVN has finished lower in three of the last five years. It's down 39% so far in 2026.