Which has the lower trailing P/E, QSR or ULTA?

ULTA has the lower trailing P/E: QSR trades at 22.97 and ULTA at 19.55. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, QSR or ULTA?

Over the past five years, QSR grew revenue faster — QSR at a 12.46% CAGR versus ULTA at 11.09%.

Does QSR or ULTA pay a bigger dividend?

QSR pays a dividend (3.26% yield), while ULTA is a former payer with no current dividend run rate.

Is QSR or ULTA more profitable?

QSR runs the higher net margin — QSR at 13.13% versus ULTA at 9.34%.

How have QSR and ULTA total returns compared?

Over the past 10 years, QSR delivered 8.34% and ULTA delivered 8.07% annualized total return. Past performance doesn't predict future results.

Restaurant Brands International Inc. (QSR) vs Ulta Beauty, Inc. (ULTA)

A side-by-side comparison of Restaurant Brands International Inc. and Ulta Beauty, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 1, 2026. Differences are shown without an overall score or investment verdict.

QSR

Restaurant Brands International Inc.

$27.02B

$77.88Consumer CyclicalDelayed quote: Aug 31, 2026, 4:00 PM EDT

ULTA

Ulta Beauty, Inc.

$23.09B

$537.10Consumer CyclicalAt close: Aug 31, 2026, 4:00 PM ET

Total return — QSR vs ULTA

growth of $100 · dividends reinvested · last 10y

QSR +118.2% (+8.1%/yr)ULTA +110.8% (+7.7%/yr)QSR compounded faster over this window

QSR ULTA

QSR vs ULTA: by the numbers

•QSR is the larger company ($27.02B vs $23.09B market cap).
•ULTA trades at the lower trailing earnings multiple (19.55 vs 22.97 P/E), one valuation lens rather than an overall verdict.
•QSR converts more revenue to profit (13.13% vs 9.34% net margin).
•QSR grew revenue faster over the past five years (12.46% vs 11.09% CAGR).
•QSR pays a dividend (3.26% yield), while ULTA is a former payer with no current dividend run rate.

Metrics side by side

Valuation

Metric	QSR	ULTA
P/E ratio	22.97	19.55
Forward P/E	19.21	20.90
P/S ratio	3.69	1.80
P/B ratio	9.31	8.84
EV / EBITDA	17.16	13.24
FCF yield	4.39%	4.57%

Profitability

Metric	QSR	ULTA
Gross margin	44.85%	39.32%
Operating margin	27.12%	12.53%
Net margin	13.13%	9.34%
ROE	33.06%	45.77%
ROIC	9.92%	23.06%

Dividends

Metric	QSR	ULTA
Dividend yield	3.26%	N/A
Payout ratio	107.63%	N/A

Growth (annualized)

Metric	QSR	ULTA
Revenue CAGR (5Y)	12.46%	11.09%
EPS CAGR (5Y)	7.95%	52.46%
FCF CAGR (5Y)	3.18%	0.06%
Total return CAGR (5Y)	7.62%	6.76%

Frequently asked

Which has the lower trailing P/E, QSR or ULTA?: ULTA has the lower trailing P/E: QSR trades at 22.97 and ULTA at 19.55. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, QSR or ULTA?: Over the past five years, QSR grew revenue faster — QSR at a 12.46% CAGR versus ULTA at 11.09%.
Does QSR or ULTA pay a bigger dividend?: QSR pays a dividend (3.26% yield), while ULTA is a former payer with no current dividend run rate.
Is QSR or ULTA more profitable?: QSR runs the higher net margin — QSR at 13.13% versus ULTA at 9.34%.
How have QSR and ULTA total returns compared?: Over the past 10 years, QSR delivered 8.34% and ULTA delivered 8.07% annualized total return. Past performance doesn't predict future results.

Go deeper

Full QSR analysis Full ULTA analysis Interactive comparison tool

Dig into the metrics

Restaurant Brands International P/E ratio Ulta Beauty P/E ratio Restaurant Brands International dividend yield Restaurant Brands International ROE Ulta Beauty ROE Restaurant Brands International operating margin Ulta Beauty operating margin Restaurant Brands International revenue growth Ulta Beauty revenue growth Restaurant Brands International free cash flow Ulta Beauty free cash flow

Restaurant Brands International & Ulta Beauty appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest ROIC Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 1, 2026.