October 2026
Largest Restaurants & Nightlife Public Companies in Canada
Benchmark revenue and EBITDA valuation multiples for public comps like
Restaurant Brands International, Restaurant Brands International LP, MTY Food Group, Pizza Pizza and Purebread Brands.
 | Restaurant Brands generates about $47 billion in system sales across more than 33,000 restaurants in over 120 markets, making it one of the largest restaurant companies globally. Its banners include Burger King (7,025 stores), Tim Hortons (4,586), Popeyes (3,578), and Firehouse Subs (1,449), concentrated in the US and Canada; these brands also comprise 16,403 franchised international locations as of year-end 2025. Restaurant Brands primarily earns revenue from franchise and property fees, supply chain sales within the Tim Hortons segment, company-operated restaurants, and advertising royalties. | $75 | +14% | $26B | $42B | 4.5x | 17.0x | ||
| Restaurant Brands International LP is a Canada-based firm. It owns, operates and franchises quick-service restaurants and possesses market recognition. The company has five segments Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), Firehouse Subs( FHS), Restaurant Holdings (RH) and International (INTL). It derives maximum profit from the Tim Hortons segment. | $74 | +12% | $25B | $40B | 4.2x | 16.0x | ||
| MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company's operating segment is based on geographical regions namely Canada; and US & International, which earns maximum revenue. The company brands include Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others. | $23 | -7% | $515M | $1.2B | 1.4x | 6.2x | ||
| Pizza Pizza Royalty Corp through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza 73 brands. It receives the benefit of Pizza Pizza Royalty and Pizza 73 Royalty payable by PPL under the Pizza Pizza Licence and Royalty Agreement and the Pizza 73 Licence and Royalty Agreement, respectively, as well as royalty payments under the international agreement, indirectly through its interests in the partnership. | $8 | -32% | $254M | $286M | 9.9x | 10.1x | ||
| Purebread Brands Inc include the provision of Commercial Commissary Kitchens and rental of these kitchens to food based businesses in Canada. It has two reportable segments Rental segment includes renting out commercial kitchen spaces and providing associated business support services to food entrepreneurs and companies; and Retail segment includes the sale of baked goods and other food items. Its brands are Purebread, and COHO. | $0 | -- | $4M | $15M | 1.4x | 2.7x | ||
| Median | $23 | +3% | $515M | $1.2B | 4.2x | 10.1x |
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