1. United States of America Stocks

  2. •

    Consumer Cyclical

  3. •

    Restaurants
Meritage Hospitality Group Inc. PFD CV SER B

Meritage Hospitality Group Inc. PFD CV SER B

MHGUP
Meritage Hospitality Group Inc. PFD CV SER BUS flagOther OTC
6.00
USD
- -
- -
14.50MMarket Cap
Meritage Hospitality Group Inc. PFD CV SER B
MHGUP
(Other OTC)

Recent

price

6.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.25
0.62
1.51
1.93
2.32
3.63
4.37
6.21
9.22
12.73
14.42
16.16
17.86
18.58
19.26
14.56
13.03
Book Value per Share
-0.73
-1.09
-2.36
-2.04
-2.51
-3.25
-3.84
-9.01
-17.56
-15.39
-12.57
-11.26
-10.39
-14.14
-12.82
-16.61
-17.91
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic Weighted Avg Shares
78
92
99
138
160
210
236
313
435
468
516
577
626
672
669
618
596
Sales/Revenue/Turnover
4.18
3.46
2.88
3.77
3.24
6.04
6.34
5.71
6.73
5.39
6.63
3.82
3.45
3.36
2.74
-1.29
-1.87
Operating Margin (%)
1
2
2
2
3
4
6
8
12
14
16
16
17
19
19
18
18
Depreciation Expense
2
2
3
3
3
7
6
9
13
12
15
17
8
6
8
-32
-37
Net Income, GAAP
- -
- -
- -
28.82
22.21
30.1
25.72
20.04
20.39
21.8
13.22
21.87
6.06
12.85
12.23
- -
- -
Effective Tax Rate (%)
2.98
2.52
2.94
2.22
1.72
3.35
2.74
2.87
2.99
2.58
2.89
3.02
1.36
0.91
1.17
-5.14
-6.21
Profit Margin (%)
-4
-6
-11
-9
-17
-22
-26
-58
-44
-92
-48
-39
-79
-84
-100
-239
-231
Working Capital
10
17
26
31
32
41
56
97
156
458
470
518
514
541
513
377
378
LT Debt
1
3
8
11
13
21
26
38
57
83
98
109
117
122
129
98
89
Total Equity
- -
- -
- -
8.28
7.72
13.42
12.53
10.04
10.81
4.52
4.77
2.64
2.92
2.72
2.18
- -
- -
Return on Invested Capital (%)
- -
- -
- -
9.8
8.24
13.51
10.06
9.5
9.62
4.83
3.78
3.51
2.25
0.87
1.03
- -
- -
Return on Capital (%)
167.86
96.89
49.42
32.08
23.24
41.89
27.66
27.85
24.18
14.79
14.61
15.3
5.82
3.33
4.45
-30.25
-35.24
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
65
195
194
LT Borrowings
134
3
3
LT Finance Leases
379
374
375
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
7
Market Capitalization
133
47
52

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
24
24
40
Cash, Cash Equivalents & STI
12
11
19
Accounts Receivable, Net
2
2
11
Inventories
5
5
4
Total Current Liabilities
115
263
271
Payables & Accruals
50
68
77
ST Debt
65
195
194
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.13%
0.87%
-23.57%
Free Cash Flow
-179.81%
-393.28%
17.64%
Net Income, GAAP
-44.96%
-108.38%
-506.96%
Sales/Revenue/Turnover
12.14%
3.9%
-7.65%
Total Cash Common Dividend
-159.53%
-315.04%
-1,650%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
163
172
165
169
669
2025
155
164
155
145
618
2026
133
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Meritage Hospitality Group Inc. Meritage Hospitality Group Inc., through its subsidiaries, operates and franchises quick-service and casual dining restaurants primarily under the Wendy's brand, alongside proprietary concepts including Morning Belle, a garden-themed breakfast, brunch, and lunch venue offering indulgent and healthy options such as daytime cocktails like mimosas, bellinis, Bloody Marys, and spiked cold brew coffee; it also manages brands like Stan's Tacos and Blue Porch Bar & Grill. The company, founded in 1986 and headquartered in Grand Rapids, Michigan, employs over 11,000 people and conducts operations across 15 states including Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia, with in-house capabilities in restaurant accounting, information technology, real estate development, financing, planning, and permitting. Recent developments include commitments under long-term Wendy's agreements to develop 52 new restaurants by November 30, 2025, and reimage 100% of its portfolio by December 31, 2028, with 42 new restaurants completed and 75% of reimaging finished as of June 2025; a July 31, 2025, development agreement for 15 new restaurants by April 30, 2031 with an estimated $34.2 million investment; plans for 7-10 new Wendy's and 3-5 new Morning Belle locations in 2025 alongside 35-40 reimaged sites; implementation of Wendy's FreshAI drive-thru technology; strong Morning Belle same-store sales growth of 16.9% in Q2 2025 driven by menu innovations; and a doubled second-quarter dividend to $0.06 per share in 2024.