Dairy Queen is a fast-food restaurant chain that specializes in soft-serve ice cream and various frozen treats, as well as offering a menu of fast-food items such as burgers, fries, and beverages.

Dairy Queen

Tim Hortons is a Canadian multinational fast food restaurant chain that sells coffee, doughnuts, and other fast food items.

Tim Hortons

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions. The company owns and operates under various structures comprising conventional franchise, developmental license, or affiliate. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.

McDonald's Corp

SIMULATE is involved in food systems with a focus on providing fast food options. self-described.

Sam Terris

Ben Pasternak

SIMULATE

Here at the DQ® system, we believe that HAPPY TASTES GOOD®. 

Our first location opened in Joliet, Illinois, 80 years ago. Since then we’ve grown to more than 7,000 DQ® locations in the U.S., Canada and 22 other countries. 

Our restaurants offer a variety of sweet treats and crave-worthy eats that hold a special place in the hearts and minds of fans of all ages, including our signature BLIZZARD® Treat. 

Guided by our vision to become the world’s favorite quick-service restaurant, we’re proud of the multinational company culture we’ve built while maintaining a small community feel. Our hardworking employees believe in our mission of creating positive memories for all who touch DQ.

Headquartered in Minneapolis, Minnesota, with offices in Canada and Singapore, our corporate employees support our independent franchisees from our corporate offices and field locations around the world. 

Giving back 
Since 1984, the DQ system has raised more than $154 million to support Children’s Miracle Network Hospitals® in the U.S., and the Children’s Miracle Network Member Hospitals® in Canada. Every time fans and franchisees donate to these causes, every dollar stays in the community to support the local children’s hospital. 

Through our corporate giving initiative, DQ Cares, we provide employees time paid time off to volunteer in their communities.

Careers
If you believe in creating happy smiles, lasting memories and unforgettable moments, we want to hear from you. To learn more about DAIRY QUEEN® careers, visit dairyqueen.com/us-en/Company/Careers/. 

Franchise opportunities
To become part of our sweet success and explore franchising opportunities, visit us at dairyqueenfranchising.com. 

Ownership 
The DQ brand, along with the ORANGE JULIUS® brand, is privately owned by Berkshire Hathaway Inc., a company owned by the legendary investor, Warren Buffet.

Read our Social Media Community Guidelines: http://bit.ly/DQSocialCommunityGuidelines

Vietnam Investments Groups

The majority of our DEI Council members flew in earlier this month to continue efforts to create an inclusive culture for all who touch DQ. 

Allyship was a primary focus, as was the continued pursuit of our diversity, equity and inclusion goals. Ample time was left to network, have fun, and brainstorm the Council’s focus for 2025.

Earlier this week, DQ employees donated backpacks and school supplies to help support our friends at Big Brothers Big Sisters Twin Cities as they help kids prepare for a successful return to school this fall with their annual Back to School Bash. We even provided DILLY Bars for everyone to enjoy at the event. A huge thank you to all our employees who donated and helped with this wonderful event.

What's it like working for a company whose mission is to create positive memories for all who touch DQ? Hear directly from DQ employees in the comments below.

We’re hiring. Join the DQ team.
https://lnkd.in/grR4mFCj

Allyship. It's a topic we're focused on as we work to advance our people-first culture. Executive coach, Joni D. Goodman, CPTD, CDTLF, who was trained by Dr. Brene Brown, led the virtual discussion about how we all can be better allies to our colleagues throughout the company.

It’s DQ trivia time! How well do you know DQ history?

Now it's Canada's turn! 

Miracle Treat Day in Canada is Thursday, Aug. 8. Today, participating DQ restaurants in Canada will donate net proceeds for each BLIZZARD Treat sold to bring health and hope to kids at local children’s hospital foundations.

Let's SHARE this post and help as many kids as we can in Canada.

We celebrated our DQ employees in Minnesota last week at Valleyfair Amusement Park in Shakopee, Minnesota. We rode rollercoasters, soaked up the sun, and enjoyed a BBQ with our colleagues and families.

Let’s meet our next 2023 DQ Red Spoon Award winner. As a reminder, DQ Red Spoon Awards are given to employees who provide outstanding service, deliver high-quality products, and create positive memories for all who touch DQ. Today, we recognize Nicholas Braun, Proteins Manager. 

What is your role and what are your responsibilities? I am the Proteins Manager, which means I oversee food safety, quality, and regulation of our protein-based products. 

What do you like most about your job and why? I love the diversity of products that I work with and the opportunity to see how the global team works together behind the scenes. 

What does winning this award mean to you? Winning this award is meaningful to me because I truly enjoy what I do and it reminds me to take a moment and reflect on the journey. 

What do you enjoy doing when you're not at work? My favorite thing to do outside of work is fishing with my kids. Every memory is a keeper! 

Congrats, again, on your Red Spoon Award, Nicholas!

DQ Cakes are a favorite for special occasions and celebrations, and we offer DQ Cakes around the world. 

Which cake do you most want to order?

Franchisee Advisory Council meetings are critical to the DQ business. Last week, our Franchisee Advisory Councils in the U.S. and Canada met with DQ team members in Minneapolis to discuss business strategy, marketing, operations and more.
 
It takes a village to prepare for these meetings from council members, franchise owners, corporate presenters, meetings planners, to our R&D team who conducts tastings of products in development. R&D makes all of the product in our DQ test kitchen and, while the flavors are top secret, you can see fun was had by all.

Metric
Company Name	Dairy Queen	Tim Hortons	McDonald's Corp	SIMULATE
Symbol			MCDS
MSH ID	COM:DAIRYQUEEN	CA:TIMHORTONS	COM:MCDONALDS	COM:SIMULATE
Market	PRIVATE	PRIVATE	STOCKS	PRIVATE
Sector	Consumer Services	Consumer Services	Consumer Cyclical	Consumer Goods
Industry	Restaurants and Fast Food	Food Service	Restaurants	Food & Beverage
Country	US	CA	CA	US
Stage	Private Equity	Grant
Employee Count			100K	1
Website	dairyqueen.com	timhortons.ca	mcdonalds.com	simulate.com
LinkedIn	dairy-queen	tim-hortons	mcdonald's-corporation	simulate
Founders

Metric
Market Cap			174.19B
Enterprise Value
Monthly Web Traffic	3.15M	1.10M		7.92K
Web Traffic Growth	-0.22	0.79		-0.46
Valuation
Raised Capital		380.13K

Metric
Revenue			25.49B
Revenue (LTM)
Revenue (NTM)
Gross Profit			14.56B
EBITDA			14.09B
Operating Income			11.65B
Net Income			8.47B
EPS			11.72
Diluted EPS			11.56
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin			0.57
Operating Profit Margin			0.46
EBITDA Margin			0.55
Net Profit Margin			0.33
Return on Equity			-1.67
Return on Assets			0.16
Return on Capital Employed			0.24

DAIR

COM:DAIRYQUEEN

Dairy Queen

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio			1.62
P/B Ratio			-2.79
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio			8.81
EV Multiple			14.40

Metric
Days Sales Outstanding			32.79
Days Payables Outstanding			29.43
Days Inventory Outstanding			1.76
Operating Cycle			37.38
Cash Conversion Cycle			4.33
Asset Turnover			0.48

Metric
Operating Cash Flow			9.61B
Free Cash Flow			7.25B
Cash Flow to Debt			0.19
Operating Cash Flow/Sales			0.38
Free Cash Flow Yield			0.03

Metric
Cash & Equivalents			4.58B
Accounts Receivable			-161M
Inventory			52.80M
Goodwill			3.04B
Debt to Capitalization			1.10
Debt to Assets			0.96
Current Ratio			1.71
Quick Ratio			2.51

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue			0.01
R&D to Revenue
SG&A to Revenue			0.02