M 
Meritage Hospitality Group MHGU · USD
Consumer Discretionary · US listing · 🇺🇸 United States
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At a glance
Figures in USD, from our data supplier.
Revenue
$617.7m
FY2016FY2025
Net income
−$31.7m
FY2016FY2025
Free cash flow
−$20.0m
FY2016FY2025
Shareholders' equity
$97.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $617.7m | $668.8m | $672.5m | $626.0m | $577.1m | $516.2m | $467.5m | $435.3m | $312.6m | $235.8m |
| Gross profit | $241.1m | $277.5m | $274.4m | $252.2m | $243.0m | $228.6m | $205.0m | $194.0m | $138.0m | $104.9m |
| Operating income | −$8.0m | $18.3m | $22.6m | $21.6m | $22.1m | $25.8m | $25.2m | $29.3m | $17.9m | $15.0m |
| Net income | −$31.7m | $7.8m | $6.1m | $8.5m | $17.4m | $14.9m | $12.1m | $13.0m | $9.0m | $6.4m |
| Diluted earnings per share | -4.77 | 1.18 | 0.94 | 1.30 | 2.67 | 2.24 | 1.90 | 2.08 | 1.46 | 1.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $754.8m | $810.2m | $816.9m | $791.3m | $758.6m | $689.9m | $677.5m | $310.9m | $235.3m | $137.0m |
| Total liabilities | $656.3m | $681.4m | $694.9m | $674.1m | $649.9m | $591.5m | $594.5m | $253.5m | $196.8m | $110.9m |
| Debt | $3.1m | $145.0m | $164.3m | $155.1m | $165.4m | $148.9m | $216.0m | $188.6m | $143.1m | $75.6m |
| Shareholders' equity | $97.2m | $128.8m | $121.1m | $117.2m | $108.7m | $98.4m | $83.1m | $57.4m | $38.5m | $26.1m |
| Shares outstanding | 7m | 7m | 7m | 7m | 7m | 7m | 6m | 6m | 6m | 6m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $4.9m | $23.1m | $11.5m | $25.7m | $33.7m | $36.3m | $35.1m | $28.1m | $27.8m | $15.7m |
| Capital spending | −$24.9m | −$40.1m | −$45.4m | −$66.8m | −$78.8m | −$32.8m | −$89.6m | −$61.1m | −$48.4m | −$26.0m |
| Free cash flow | −$20.0m | −$17.0m | −$33.9m | −$41.0m | −$45.1m | $3.5m | −$54.4m | −$33.1m | −$20.6m | −$10.3m |
| Dividends paid | −$1.9m | −$2.3m | −$3.0m | −$1.7m | −$1.7m | −$1.6m | −$1.5m | −$1.4m | −$896,052 | −$1.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $141.0m | $132.6m | $145.0m | $154.6m | $163.5m | $154.5m | $168.7m | $164.8m |
| Gross profit | $57.1m | $51.1m | $54.2m | $58.4m | $67.9m | $60.5m | $67.8m | $67.3m |
| Operating income | −$454,000 | −$5.7m | −$3.8m | −$5.3m | $3.6m | −$2.8m | $8.6m | $3.5m |
| Net income | −$13.5m | −$9.5m | −$18.5m | −$9.3m | $325,000 | −$4.3m | $5.1m | −$1.7m |
| Diluted earnings per share | -2.01 | -1.41 | -2.77 | -1.40 | 0.05 | -0.64 | 0.76 | -0.26 |
| Cash from operations | $2.0m | — | — | −$1.0m | $3.0m | $3.0m | $2.0m | $2.0m |
| Capital spending | — | — | — | −$10.0m | −$7.0m | −$6.0m | −$11.0m | −$17.0m |
| Free cash flow | — | — | — | −$11.0m | −$4.0m | −$3.0m | −$9.0m | −$15.0m |
| Total assets | $725.9m | $760.5m | $754.8m | $771.9m | $790.2m | $807.0m | $810.2m | $797.0m |
| Debt | $3.0m | $3.0m | $3.1m | $134.5m | $137.3m | $140.9m | $145.0m | $150.4m |
| Shareholders' equity | $73.5m | $87.5m | $97.2m | $113.3m | $122.3m | $122.4m | $127.7m | $121.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.4% | 3.7% | 11.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 40.3% | 40.4% | 41.2% | 42.0% |
| Operating margin | 0.8% | 2.1% | 2.8% | 3.8% |
| Net margin | -1.9% | -0.4% | 0.6% | 1.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.4 | 11.9 | 20.7 | 14.8 | 8.1 | 8.6 | 10.5 | 8.4 | 13.7 | 9.8 |
| Price to sales | 0.0 | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 |
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -83% | -25% | 4% | -16% | 22% | -9% | 12% | -9% | 67% | 4% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Jun 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.18 | 0.30 | 0.40 | 0.14 | 0.24 | 0.21 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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