vs

Side-by-side financial comparison of Globe Life (GL) and Restaurant Brands International Inc. (QSR). Click either name above to swap in a different company.

Restaurant Brands International Inc. is the larger business by last-quarter revenue ($2.5B vs $1.6B, roughly 1.6× Globe Life). Globe Life runs the higher net margin — 17.3% vs 6.3%, a 11.1% gap on every dollar of revenue. On growth, Restaurant Brands International Inc. posted the faster year-over-year revenue change (7.4% vs 5.3%). Over the past eight quarters, Restaurant Brands International Inc.'s revenue compounded faster (19.1% CAGR vs 4.1%).

Globe Life Inc. (GL) is an American financial services holding company listed on the New York Stock Exchange which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, Texas.

Restaurant Brands International Inc. (RBI) is an American-Canadian multinational fast food holding company. It was formed in 2014 by the $12.5 billion merger between American fast food restaurant chain Burger King and Canadian coffee shop and restaurant chain Tim Hortons, and expanded by the purchases of Popeyes and Firehouse Subs in 2017 and 2021, respectively. The company is the fifth-largest operator of fast food restaurants in the world after Subway, McDonald's, Starbucks and Yum! Brands....

GL vs QSR — Head-to-Head

Bigger by revenue
QSR
QSR
1.6× larger
QSR
$2.5B
$1.6B
GL
Growing faster (revenue YoY)
QSR
QSR
+2.1% gap
QSR
7.4%
5.3%
GL
Higher net margin
GL
GL
11.1% more per $
GL
17.3%
6.3%
QSR
Faster 2-yr revenue CAGR
QSR
QSR
Annualised
QSR
19.1%
4.1%
GL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GL
GL
QSR
QSR
Revenue
$1.6B
$2.5B
Net Profit
$270.5M
$155.0M
Gross Margin
Operating Margin
25.2%
Net Margin
17.3%
6.3%
Revenue YoY
5.3%
7.4%
Net Profit YoY
-57.1%
EPS (diluted)
$3.39
$0.33

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GL
GL
QSR
QSR
Q1 26
$1.6B
Q4 25
$1.5B
$2.5B
Q3 25
$1.5B
$2.4B
Q2 25
$1.5B
$2.4B
Q1 25
$1.5B
$2.1B
Q4 24
$1.5B
$2.3B
Q3 24
$1.5B
$2.3B
Q2 24
$1.4B
$2.1B
Net Profit
GL
GL
QSR
QSR
Q1 26
$270.5M
Q4 25
$266.1M
$155.0M
Q3 25
$387.8M
$436.0M
Q2 25
$252.7M
$263.0M
Q1 25
$254.6M
$221.0M
Q4 24
$255.2M
$361.0M
Q3 24
$303.0M
$357.0M
Q2 24
$258.4M
$399.0M
Gross Margin
GL
GL
QSR
QSR
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
26.1%
Q2 24
23.3%
Operating Margin
GL
GL
QSR
QSR
Q1 26
Q4 25
21.7%
25.2%
Q3 25
31.5%
27.1%
Q2 25
21.2%
20.0%
Q1 25
21.4%
20.6%
Q4 24
21.3%
27.7%
Q3 24
26.3%
25.2%
Q2 24
23.5%
31.9%
Net Margin
GL
GL
QSR
QSR
Q1 26
17.3%
Q4 25
17.5%
6.3%
Q3 25
25.6%
17.8%
Q2 25
17.1%
10.9%
Q1 25
17.2%
10.5%
Q4 24
17.4%
15.7%
Q3 24
20.8%
15.6%
Q2 24
17.9%
19.2%
EPS (diluted)
GL
GL
QSR
QSR
Q1 26
$3.39
Q4 25
$3.28
$0.33
Q3 25
$4.73
$0.96
Q2 25
$3.05
$0.57
Q1 25
$3.01
$0.49
Q4 24
$3.00
$0.79
Q3 24
$3.44
$0.79
Q2 24
$2.83
$0.88

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GL
GL
QSR
QSR
Cash + ST InvestmentsLiquidity on hand
$183.8M
Total DebtLower is stronger
$13.3B
Stockholders' EquityBook value
$6.1B
$3.6B
Total Assets
$25.6B
Debt / EquityLower = less leverage
3.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GL
GL
QSR
QSR
Q1 26
$183.8M
Q4 25
$314.7M
Q3 25
$62.8M
Q2 25
$116.7M
Q1 25
$134.1M
Q4 24
$85.0M
Q3 24
$100.5M
Q2 24
$100.6M
Total Debt
GL
GL
QSR
QSR
Q1 26
Q4 25
$13.3B
Q3 25
$13.5B
Q2 25
$13.6B
Q1 25
$13.6B
Q4 24
$13.6B
Q3 24
$13.7B
Q2 24
$13.7B
Stockholders' Equity
GL
GL
QSR
QSR
Q1 26
$6.1B
Q4 25
$6.0B
$3.6B
Q3 25
$5.7B
$3.4B
Q2 25
$5.4B
$3.3B
Q1 25
$5.4B
$3.1B
Q4 24
$5.3B
$3.1B
Q3 24
$4.6B
$3.2B
Q2 24
$5.2B
$3.1B
Total Assets
GL
GL
QSR
QSR
Q1 26
Q4 25
$30.8B
$25.6B
Q3 25
$30.5B
$25.7B
Q2 25
$29.8B
$25.7B
Q1 25
$29.7B
$24.9B
Q4 24
$29.1B
$24.6B
Q3 24
$29.6B
$25.1B
Q2 24
$28.3B
$24.8B
Debt / Equity
GL
GL
QSR
QSR
Q1 26
Q4 25
3.65×
Q3 25
3.99×
Q2 25
4.10×
Q1 25
4.37×
Q4 24
4.39×
Q3 24
4.22×
Q2 24
4.46×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GL
GL
QSR
QSR
Operating Cash FlowLast quarter
$555.0M
Free Cash FlowOCF − Capex
$453.0M
FCF MarginFCF / Revenue
18.4%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
3.58×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GL
GL
QSR
QSR
Q1 26
Q4 25
$350.6M
$555.0M
Q3 25
$306.0M
$592.0M
Q2 25
$307.9M
$449.0M
Q1 25
$431.9M
$118.0M
Q4 24
$336.9M
$481.0M
Q3 24
$340.6M
$540.0M
Q2 24
$374.1M
$334.0M
Free Cash Flow
GL
GL
QSR
QSR
Q1 26
Q4 25
$330.1M
$453.0M
Q3 25
$208.7M
$531.0M
Q2 25
$295.0M
$411.0M
Q1 25
$420.1M
$54.0M
Q4 24
$321.9M
$404.0M
Q3 24
$311.3M
$485.0M
Q2 24
$356.5M
$291.0M
FCF Margin
GL
GL
QSR
QSR
Q1 26
Q4 25
21.7%
18.4%
Q3 25
13.8%
21.7%
Q2 25
19.9%
17.1%
Q1 25
28.4%
2.6%
Q4 24
22.0%
17.6%
Q3 24
21.4%
21.2%
Q2 24
24.8%
14.0%
Capex Intensity
GL
GL
QSR
QSR
Q1 26
Q4 25
1.3%
4.1%
Q3 25
6.4%
2.5%
Q2 25
0.9%
1.6%
Q1 25
0.8%
3.0%
Q4 24
1.0%
3.4%
Q3 24
2.0%
2.4%
Q2 24
1.2%
2.1%
Cash Conversion
GL
GL
QSR
QSR
Q1 26
Q4 25
1.32×
3.58×
Q3 25
0.79×
1.36×
Q2 25
1.22×
1.71×
Q1 25
1.70×
0.53×
Q4 24
1.32×
1.33×
Q3 24
1.12×
1.51×
Q2 24
1.45×
0.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GL
GL

Life premium$853.2M55%
Health premium$416.9M27%
Other$289.5M19%

QSR
QSR

CA$1.0B41%
Other$330.0M13%
Advertising$308.0M12%
Others$284.0M12%
Popeyes Louisiana Kitchen$195.0M8%
Burger King$185.0M8%
Royalty$87.0M4%
Firehouse Subs$59.0M2%
Franchisor$7.0M0%

Related Comparisons