WallStSmart

Dutch Bros Inc (BROS)vsRestaurant Brands International Inc (QSR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Restaurant Brands International Inc generates 449% more annual revenue ($9.59B vs $1.75B). QSR leads profitability with a 10.0% profit margin vs 4.6%. QSR trades at a lower P/E of 25.4x. QSR earns a higher WallStSmart Score of 70/100 (B).

BROS

Hold

41

out of 100

Grade: D

Growth: 8.0Profit: 5.5Value: 3.7Quality: 5.5
Piotroski: 4/9Altman Z: 1.07

QSR

Strong Buy

70

out of 100

Grade: B

Growth: 8.0Profit: 8.0Value: 8.0Quality: 4.3
Piotroski: 4/9Altman Z: 0.93
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BROSOvervalued (-9.5%)

Margin of Safety

-9.5%

Fair Value

$48.86

Current Price

$52.71

$3.85 premium

UndervaluedFair: $48.86Overvalued
QSRUndervalued (+33.6%)

Margin of Safety

+33.6%

Fair Value

$106.48

Current Price

$79.71

$26.77 discount

UndervaluedFair: $106.48Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BROS1 strengths · Avg: 10.0/10
Revenue GrowthGrowth
30.8%10/10

Revenue surging 30.8% year-over-year

QSR4 strengths · Avg: 8.8/10
EPS GrowthGrowth
100.0%10/10

Earnings expanding 100.0% YoY

Return on EquityProfitability
28.1%9/10

Every $100 of equity generates 28 in profit

PEG RatioValuation
0.948/10

Growing faster than its price suggests

Operating MarginProfitability
27.0%8/10

Strong operational efficiency at 27.0%

Areas to Watch

BROS4 concerns · Avg: 3.3/10
Price/BookValuation
9.8x4/10

Trading at 9.8x book value

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Profit MarginProfitability
4.6%3/10

4.6% margin — thin

P/E RatioValuation
83.7x2/10

Premium valuation, high expectations priced in

QSR2 concerns · Avg: 3.0/10
P/E RatioValuation
25.4x4/10

Moderate valuation

Altman Z-ScoreHealth
0.932/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : BROS

The strongest argument for BROS centers on Revenue Growth. Revenue growth of 30.8% demonstrates continued momentum.

Bull Case : QSR

The strongest argument for QSR centers on EPS Growth, Return on Equity, PEG Ratio. PEG of 0.94 suggests the stock is reasonably priced for its growth.

Bear Case : BROS

The primary concerns for BROS are Price/Book, EPS Growth, Profit Margin. A P/E of 83.7x leaves little room for execution misses. Thin 4.6% margins leave little buffer for downturns.

Bear Case : QSR

The primary concerns for QSR are P/E Ratio, Altman Z-Score.

Key Dynamics to Monitor

BROS profiles as a hypergrowth stock while QSR is a value play — different risk/reward profiles.

BROS carries more volatility with a beta of 2.41 — expect wider price swings.

BROS is growing revenue faster at 30.8% — sustainability is the question.

QSR generates stronger free cash flow (169M), providing more financial flexibility.

Bottom Line

QSR scores higher overall (70/100 vs 41/100). Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Dutch Bros Inc

CONSUMER CYCLICAL · RESTAURANTS · USA

Dutch Bros Inc. operates and franchises convenience stores. The company is headquartered in Grants Pass, Oregon.

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Restaurant Brands International Inc

CONSUMER CYCLICAL · RESTAURANTS · USA

Restaurant Brands International Inc. owns, operates and franchises quick-service restaurants under the Tim Hortons (TH), Burger King (BK) and Popeyes (PLK) brands. The company is headquartered in Toronto, Canada.

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