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Side-by-side financial comparison of Restaurant Brands International Inc. (QSR) and Stanley Black & Decker (SWK). Click either name above to swap in a different company.

Stanley Black & Decker is the larger business by last-quarter revenue ($3.8B vs $2.5B, roughly 1.5× Restaurant Brands International Inc.). Restaurant Brands International Inc. runs the higher net margin — 6.3% vs 1.4%, a 4.9% gap on every dollar of revenue. On growth, Restaurant Brands International Inc. posted the faster year-over-year revenue change (7.4% vs 0.1%). Restaurant Brands International Inc. produced more free cash flow last quarter ($453.0M vs $155.3M). Over the past eight quarters, Restaurant Brands International Inc.'s revenue compounded faster (19.1% CAGR vs 0.3%).

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....

Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.

QSR vs SWK — Head-to-Head

Bigger by revenue
SWK
SWK
1.5× larger
SWK
$3.8B
$2.5B
QSR
Growing faster (revenue YoY)
QSR
QSR
+7.3% gap
QSR
7.4%
0.1%
SWK
Higher net margin
QSR
QSR
4.9% more per $
QSR
6.3%
1.4%
SWK
More free cash flow
QSR
QSR
$297.7M more FCF
QSR
$453.0M
$155.3M
SWK
Faster 2-yr revenue CAGR
QSR
QSR
Annualised
QSR
19.1%
0.3%
SWK

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
QSR
QSR
SWK
SWK
Revenue
$2.5B
$3.8B
Net Profit
$155.0M
$51.4M
Gross Margin
31.4%
Operating Margin
25.2%
Net Margin
6.3%
1.4%
Revenue YoY
7.4%
0.1%
Net Profit YoY
-57.1%
-43.6%
EPS (diluted)
$0.33
$0.34

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
QSR
QSR
SWK
SWK
Q4 25
$2.5B
Q3 25
$2.4B
$3.8B
Q2 25
$2.4B
$3.9B
Q1 25
$2.1B
$3.7B
Q4 24
$2.3B
$3.7B
Q3 24
$2.3B
$3.8B
Q2 24
$2.1B
$4.0B
Q1 24
$1.7B
$3.9B
Net Profit
QSR
QSR
SWK
SWK
Q4 25
$155.0M
Q3 25
$436.0M
$51.4M
Q2 25
$263.0M
$101.9M
Q1 25
$221.0M
$90.4M
Q4 24
$361.0M
$194.9M
Q3 24
$357.0M
$91.1M
Q2 24
$399.0M
$-11.2M
Q1 24
$328.0M
$19.5M
Gross Margin
QSR
QSR
SWK
SWK
Q4 25
Q3 25
31.4%
Q2 25
27.0%
Q1 25
29.9%
Q4 24
30.8%
Q3 24
29.9%
Q2 24
28.4%
Q1 24
65.2%
28.6%
Operating Margin
QSR
QSR
SWK
SWK
Q4 25
25.2%
Q3 25
27.1%
Q2 25
20.0%
Q1 25
20.6%
Q4 24
27.7%
3.4%
Q3 24
25.2%
10.6%
Q2 24
31.9%
9.5%
Q1 24
31.3%
8.3%
Net Margin
QSR
QSR
SWK
SWK
Q4 25
6.3%
Q3 25
17.8%
1.4%
Q2 25
10.9%
2.6%
Q1 25
10.5%
2.4%
Q4 24
15.7%
5.2%
Q3 24
15.6%
2.4%
Q2 24
19.2%
-0.3%
Q1 24
18.9%
0.5%
EPS (diluted)
QSR
QSR
SWK
SWK
Q4 25
$0.33
Q3 25
$0.96
$0.34
Q2 25
$0.57
$0.67
Q1 25
$0.49
$0.60
Q4 24
$0.79
$1.29
Q3 24
$0.79
$0.60
Q2 24
$0.88
$-0.07
Q1 24
$0.72
$0.13

Balance Sheet & Financial Strength

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

Metric
QSR
QSR
SWK
SWK
Cash + ST InvestmentsLiquidity on hand
$268.3M
Total DebtLower is stronger
$13.3B
$5.3B
Stockholders' EquityBook value
$3.6B
$9.0B
Total Assets
$25.6B
$21.8B
Debt / EquityLower = less leverage
3.65×
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QSR
QSR
SWK
SWK
Q4 25
Q3 25
$268.3M
Q2 25
$311.8M
Q1 25
$344.8M
Q4 24
$290.5M
Q3 24
$298.7M
Q2 24
$318.5M
Q1 24
$476.6M
Total Debt
QSR
QSR
SWK
SWK
Q4 25
$13.3B
Q3 25
$13.5B
$5.3B
Q2 25
$13.6B
$5.6B
Q1 25
$13.6B
$5.6B
Q4 24
$13.6B
$6.1B
Q3 24
$13.7B
$6.1B
Q2 24
$13.7B
$6.1B
Q1 24
$12.9B
$6.1B
Stockholders' Equity
QSR
QSR
SWK
SWK
Q4 25
$3.6B
Q3 25
$3.4B
$9.0B
Q2 25
$3.3B
$9.1B
Q1 25
$3.1B
$8.8B
Q4 24
$3.1B
$8.7B
Q3 24
$3.2B
$8.9B
Q2 24
$3.1B
$8.7B
Q1 24
$3.0B
$8.9B
Total Assets
QSR
QSR
SWK
SWK
Q4 25
$25.6B
Q3 25
$25.7B
$21.8B
Q2 25
$25.7B
$22.5B
Q1 25
$24.9B
$22.5B
Q4 24
$24.6B
$21.8B
Q3 24
$25.1B
$22.5B
Q2 24
$24.8B
$22.5B
Q1 24
$23.1B
$23.9B
Debt / Equity
QSR
QSR
SWK
SWK
Q4 25
3.65×
Q3 25
3.99×
0.59×
Q2 25
4.10×
0.62×
Q1 25
4.37×
0.63×
Q4 24
4.39×
0.70×
Q3 24
4.22×
0.69×
Q2 24
4.46×
0.70×
Q1 24
4.35×
0.69×

Cash Flow & Capital Efficiency

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

Metric
QSR
QSR
SWK
SWK
Operating Cash FlowLast quarter
$555.0M
$221.2M
Free Cash FlowOCF − Capex
$453.0M
$155.3M
FCF MarginFCF / Revenue
18.4%
4.1%
Capex IntensityCapex / Revenue
4.1%
1.8%
Cash ConversionOCF / Net Profit
3.58×
4.30×
TTM Free Cash FlowTrailing 4 quarters
$1.4B
$369.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QSR
QSR
SWK
SWK
Q4 25
$555.0M
Q3 25
$592.0M
$221.2M
Q2 25
$449.0M
$214.3M
Q1 25
$118.0M
$-420.0M
Q4 24
$481.0M
$679.1M
Q3 24
$540.0M
$285.8M
Q2 24
$334.0M
$573.0M
Q1 24
$148.0M
$-431.0M
Free Cash Flow
QSR
QSR
SWK
SWK
Q4 25
$453.0M
Q3 25
$531.0M
$155.3M
Q2 25
$411.0M
$134.7M
Q1 25
$54.0M
$-485.0M
Q4 24
$404.0M
$564.6M
Q3 24
$485.0M
$199.3M
Q2 24
$291.0M
$485.8M
Q1 24
$122.0M
$-496.7M
FCF Margin
QSR
QSR
SWK
SWK
Q4 25
18.4%
Q3 25
21.7%
4.1%
Q2 25
17.1%
3.4%
Q1 25
2.6%
-13.0%
Q4 24
17.6%
15.2%
Q3 24
21.2%
5.3%
Q2 24
14.0%
12.1%
Q1 24
7.0%
-12.8%
Capex Intensity
QSR
QSR
SWK
SWK
Q4 25
4.1%
Q3 25
2.5%
1.8%
Q2 25
1.6%
2.0%
Q1 25
3.0%
1.7%
Q4 24
3.4%
3.1%
Q3 24
2.4%
2.3%
Q2 24
2.1%
2.2%
Q1 24
1.5%
1.7%
Cash Conversion
QSR
QSR
SWK
SWK
Q4 25
3.58×
Q3 25
1.36×
4.30×
Q2 25
1.71×
2.10×
Q1 25
0.53×
-4.65×
Q4 24
1.33×
3.48×
Q3 24
1.51×
3.14×
Q2 24
0.84×
Q1 24
0.45×
-22.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

SWK
SWK

Tools And Outdoor Segment$3.3B87%
Engineered Fastening Segment$500.5M13%

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