CCL vs. QSR: Carnival vs. Restaurant Brands Stock Comparison

November 11, 2026

How do Carnival (CCL) and Restaurant Brands (QSR) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Carnival (CCL) and Restaurant Brands (QSR) both belong to the Hotels, Restaurants & Leisure industry, though CCL is classified under Hotels, Resorts & Cruise Lines while QSR falls under Restaurants.

Company profile comparison for Carnival (CCL) and Restaurant Brands (QSR)
Profile Item	CCL	QSR
Name	Carnival Corporation Ltd.	Restaurant Brands International Inc.
Country/Region	United States	United States
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry Group	Consumer Services	Consumer Services
GICS Industry	Hotels, Restaurants & Leisure	Hotels, Restaurants & Leisure
GICS Sub-Industry	Hotels, Resorts & Cruise Lines	Restaurants
Market Capitalization	39.77 billion USD	35.56 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	July 24, 1987	December 11, 2014
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CCL

QSR

GSPC

Carnival (CCL) vs. Restaurant Brands (QSR), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Carnival (CCL) and Restaurant Brands (QSR). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Carnival (CCL) and Restaurant Brands (QSR). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Carnival (CCL) and Restaurant Brands (QSR)
Metric	CCL	QSR
Total Return (1Y)	17.32%	19.01%
Total Return (3Y, Annualized)	36.57%	7.95%
Total Return (5Y, Annualized)	5.35%	9.80%

Risk Profile

Drawdown History

CCL

QSR

GSPC

Carnival (CCL) vs. Restaurant Brands (QSR), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Carnival (CCL) and Restaurant Brands (QSR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Carnival (CCL) has a highly aggressive beta of 2.42, indicating much higher sensitivity to broad-market moves, while Restaurant Brands (QSR) is defensive at 0.54 and tends to be less market-sensitive — a wide gap in beta profiles.

Risk profile metrics for Carnival (CCL) and Restaurant Brands (QSR)
Metric	CCL	QSR
Volatility (1Y, Annualized)	49.89%	24.79%
Beta (5Y)	2.42	0.54
Max Drawdown (5Y)	-73.60%	-24.53%
Avg. Volume (3M)	21.48M	2.91M

Risk-Adjusted Performance

Risk-Return Positioning

CCL and QSR are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Carnival (CCL) and Restaurant Brands (QSR)
Metric	CCL	QSR
Sharpe Ratio (1Y)	0.26	0.59
Sortino Ratio (1Y)	0.43	0.89

Profitability

ROE (TTM)

Restaurant Brands (QSR) at 39.05% sits in the top ROE quartile, while Carnival (CCL) at 24.00% is closer to the peer norm — stronger capital efficiency for QSR.

CCL

Consumer Services industry group

24.00%

Max: 76.75%
Q3: 34.07%
CCL: 24.00%
Median: 15.90%
Q1: 3.23%
Min: -40.61%

QSR

Consumer Services industry group

39.05%

Max: 76.75%
QSR: 39.05%
Q3: 34.07%
Median: 15.90%
Q1: 3.23%
Min: -40.61%

Carnival (CCL) vs. Restaurant Brands (QSR): A comparison of their ROE against the Consumer Services industry group benchmark.

Net Margin (TTM)

Restaurant Brands (QSR) at 15.35% retains a top-quartile share of revenue as profit, ahead of Carnival (CCL) at 11.37%, which keeps about the industry-typical share.

CCL

Consumer Services industry group

11.37%

Max: 25.52%
Q3: 12.95%
CCL: 11.37%
Median: 6.63%
Q1: 1.46%
Min: -14.36%

QSR

Consumer Services industry group

15.35%

Max: 25.52%
QSR: 15.35%
Q3: 12.95%
Median: 6.63%
Q1: 1.46%
Min: -14.36%

Carnival (CCL) vs. Restaurant Brands (QSR): A comparison of their net margin against the Consumer Services industry group benchmark.

Operating Margin (TTM)

Both Carnival (CCL) at 26.43% and Restaurant Brands (QSR) at 27.92% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

CCL

Consumer Services industry group

26.43%

Max: 49.05%
CCL: 26.43%
Q3: 24.35%
Median: 14.23%
Q1: 5.67%
Min: -16.47%

QSR

Consumer Services industry group

27.92%

Max: 49.05%
QSR: 27.92%
Q3: 24.35%
Median: 14.23%
Q1: 5.67%
Min: -16.47%

Carnival (CCL) vs. Restaurant Brands (QSR): A comparison of their operating margin against the Consumer Services industry group benchmark.

Profitability Metrics

Profitability metrics for Carnival (CCL) and Restaurant Brands (QSR)
Metric	CCL	QSR
ROE (TTM)	24.00%	39.05%
ROA (TTM)	5.40%	6.48%
Net Margin (TTM)	11.37%	15.35%
Operating Margin (TTM)	26.43%	27.92%
Gross Margin (TTM)	55.38%	34.33%

Growth

Revenue Growth

Both Carnival (CCL) at 6.39% and Restaurant Brands (QSR) at 12.23% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Carnival (CCL) vs. Restaurant Brands (QSR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Carnival (CCL) at 40.28% and Restaurant Brands (QSR) at -26.10% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Carnival (CCL) vs. Restaurant Brands (QSR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Carnival (CCL) and Restaurant Brands (QSR)
Metric	CCL	QSR
Revenue Growth (YoY)	6.39%	12.23%
Revenue Growth (3Y CAGR)	29.81%	13.19%
EPS Growth (YoY)	40.28%	-26.10%
EPS Growth (3Y CAGR)	--	-10.24%

Financial Strength

Current Ratio (MRQ)

Restaurant Brands (QSR) at 0.96 keeps current ratio within its industry’s typical mid-range, while Carnival (CCL) at 0.27 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CCL.

CCL

Consumer Services industry group

0.27

Max: 3.41
Q3: 1.85
Median: 1.06
Q1: 0.72
CCL: 0.27
Min: 0.22

QSR

Consumer Services industry group

0.96

Max: 3.41
Q3: 1.85
Median: 1.06
QSR: 0.96
Q1: 0.72
Min: 0.22

Carnival (CCL) vs. Restaurant Brands (QSR): A comparison of their current ratio against the Consumer Services industry group benchmark.

Debt / Equity (MRQ)

Both Carnival (CCL) at 1.77 and Restaurant Brands (QSR) at 2.84 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

CCL

Consumer Services industry group

1.77

Max: 6.12
Q3: 2.93
CCL: 1.77
Median: 1.29
Q1: 0.37
Min: 0.01

QSR

Consumer Services industry group

2.84

Max: 6.12
Q3: 2.93
QSR: 2.84
Median: 1.29
Q1: 0.37
Min: 0.01

Carnival (CCL) vs. Restaurant Brands (QSR): A comparison of their debt-to-equity ratio against the Consumer Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Carnival (CCL) and Restaurant Brands (QSR)
Metric	CCL	QSR
Current Ratio (MRQ)	0.27	0.96
Debt / Equity (MRQ)	1.77	2.84
Net Debt / EBITDA	3.28	4.98

Dividends

Dividend Yield (TTM)

Restaurant Brands (QSR) at 3.27% delivers top-quartile income for its industry, while Carnival (CCL) at 1.53% pays a more typical yield — both are credible income propositions, QSR the richer one.

CCL

Consumer Services industry group

1.53%

Max: 4.10%
Q3: 1.82%
CCL: 1.53%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

QSR

Consumer Services industry group

3.27%

Max: 4.10%
QSR: 3.27%
Q3: 1.82%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Carnival (CCL) vs. Restaurant Brands (QSR): A comparison of their dividend yield against the Consumer Services industry group benchmark.

Dividend Payout Ratio (TTM)

Carnival (CCL) at 19.82% pays out a band-typical share of earnings, while Restaurant Brands (QSR) at 56.48% distributes more than its industry norm — less retained, thinner cover.

CCL

Consumer Services industry group

19.82%

Max: 89.80%
Q3: 36.83%
CCL: 19.82%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

QSR

Consumer Services industry group

56.48%

Max: 89.80%
QSR: 56.48%
Q3: 36.83%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Carnival (CCL) vs. Restaurant Brands (QSR): A comparison of their payout ratio against the Consumer Services industry group benchmark.

Dividend Metrics

Dividend metrics for Carnival (CCL) and Restaurant Brands (QSR)
Metric	CCL	QSR
Dividend Yield (TTM)	1.53%	3.27%
Dividend Payout Ratio (TTM)	19.82%	56.48%

Valuation

P/E Ratio (TTM)

Both Carnival (CCL) at 13.03 and Restaurant Brands (QSR) at 17.07 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

CCL

Consumer Services industry group

13.03

Max: 71.70
Q3: 37.12
Median: 21.88
CCL: 13.03
Q1: 13.00
Min: 5.72

QSR

Consumer Services industry group

17.07

Max: 71.70
Q3: 37.12
Median: 21.88
QSR: 17.07
Q1: 13.00
Min: 5.72

Carnival (CCL) vs. Restaurant Brands (QSR): A comparison of their P/E ratio against the Consumer Services industry group benchmark.

P/S Ratio (TTM)

Carnival (CCL) at 1.44 is priced about in line with its industry on P/S ratio, while Restaurant Brands (QSR) at 3.64 sits in the pricier quartile — QSR costs more per dollar of sales.

CCL

Consumer Services industry group

1.44

Max: 6.40
Q3: 3.01
Median: 1.54
CCL: 1.44
Q1: 0.74
Min: 0.08

QSR

Consumer Services industry group

3.64

Max: 6.40
QSR: 3.64
Q3: 3.01
Median: 1.54
Q1: 0.74
Min: 0.08

Carnival (CCL) vs. Restaurant Brands (QSR): A comparison of their P/S ratio against the Consumer Services industry group benchmark.

P/B Ratio (MRQ)

Carnival (CCL) at 2.82 is valued about in line with its industry on P/B ratio, while Restaurant Brands (QSR) at 6.87 carries an above-peer premium to book — QSR is pricier on assets.

CCL

Consumer Services industry group

2.82

Max: 12.02
Q3: 5.58
CCL: 2.82
Median: 2.37
Q1: 1.09
Min: -4.51

QSR

Consumer Services industry group

6.87

Max: 12.02
QSR: 6.87
Q3: 5.58
Median: 2.37
Q1: 1.09
Min: -4.51

Carnival (CCL) vs. Restaurant Brands (QSR): A comparison of their P/B ratio against the Consumer Services industry group benchmark.

Valuation Metrics

Valuation metrics for Carnival (CCL) and Restaurant Brands (QSR)
Metric	CCL	QSR
P/E Ratio (TTM)	13.03	17.07
P/S Ratio (TTM)	1.44	3.64
P/B Ratio (MRQ)	2.82	6.87
Free Cash Flow Yield (TTM)	4.54%	4.48%