FoodBud
RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
FoodBud

Global foodservice chain intelligence. Every figure should link back to a source.

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中文

Company card

MTY Food Group Inc.

Medium
Groupest. scale

TSX MTY.TO · Canada

Listing status
listed
Operating model
Mixed direct + franchise
Scale basis
GMV / system sales
Confidence
Medium
Segment
qsr fast casual multi brand

Canada最重要的多品牌加盟平台之一。真正经营规模看 system sales;公司 revenue 混合加盟、corporate stores、加工分销和促销基金。

Scale basis note

Terminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.

Compare this operator
Every number has a source row

Metrics below keep source tier, quality, period, and source link visible at the metric level.

Source tiers
S1Official primary — filings, annual reports, prospectuses
S2Official secondary — IR decks, transcripts
S3Supplementary — vetted media, databases
S0Not usable — flagged, never published

Source tiers — S1 official primary · S2 official secondary · S3 supplementary · S0 not usable. Open “Provenance” on any number for its tier, basis, precision, and do-not-use note.

GMV is not revenue

GMV/system sales, revenue, and royalty pool sales are separate scale bases. Screening proxies are directional only.

MetricValuePeriod / basisQualitySource
Stores
Reported restaurant, coffee shop, tea shop, bakery, or comparable chain units.
7,080 stores
FY2025 (Q4 ended Nov 30, 2025): At the end of the fourth quarter of 2025, MTY's network had 7,080 locations in operation, of which 6,831 were franchised or under operator agreements and 249 were corporate-owned.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · At the end of the fourth quarter of 2025, MTY's network had 7,080 locations in operation, of which 6,831 were franchised or under operator agreements and 249 were corporate-owned.
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Scale
Terminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.
$4.08B
FY2025 (12 months ended Nov 30, 2025): System sales ... 5,698,400 [thousands CAD] for 12 Months 2025. Full Year 2025: $5.698 billion.
GMV / system salesTerminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · System sales ... 5,698,400 [thousands CAD] for 12 Months 2025. Full Year 2025: $5.698 billion.
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: GMV / system sales
Precision: Estimated
Scale per store
Screening proxy: scale divided by store count. It is not audited AUV or unit profit.
$576,024
Screening proxyest.
Derived scale_per_store using scale ÷ store_count at the linked scale basis; not a separately reported company metric.
GMV / system salesTerminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: GMV / system sales
Precision: Derived
Profit signal
Profit signal from the source period. Read with local accounting and segment mix in mind.
$84.92M
FY2025 (12 months ended Nov 30, 2025): CAD 118,992,000 CAD. USD=estimated via DEXCAUS period-average 1.4011493976 (currency_per_usd, FRED DEXCAUS; daily mean 2024-12-01..2025-11-30; obs=249); CAD 118992000 authoritative. (A2 stale-FX/FY refresh, Cowork-approved; basis unchanged).
Profit-positiveScale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · Latest disclosed FY2025 (12 months ended Nov 30, 2025): Net income attributable to owners ... 118,992 [thousands CAD] for 12 Months 2025. Full Year 2024: 24,170.
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: Profit-positive
Revenue
Source-backed operating metric from the locked research snapshot.
$862.38M
CAD 1,190.169M total revenue
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: Source-backed

Market data (listed companies)

Market valuation · fluctuates · not operational scale · do not compare with GMV / system sales. Listed companies only.

MetricValuePeriod / basisQualitySource
Market cap
Public market capitalization captured in the locked source snapshot.
$641.5M
May-Jun 2026: MTY Food Group has a market cap or net worth of CAD 867.51 million as of June 24, 2026. Shares outstanding: 22.84 million.
Market cap (USD)Scale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S3 supplementary (opens in new tab)
Media Or Aggregator · MTY Food Group has a market cap or net worth of CAD 867.51 million as of June 24, 2026. Shares outstanding: 22.84 million.
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Basis: Market cap (USD)
Precision: Market snapshot · not operational scale
⚠ Do not use for: Market valuation · not operational scale · never compare with GMV/system sales

Operator profile

7/19 source-backed

Classification, firmographics, ownership and operating dimensions — source-backed where disclosed, marked as a gap (never inferred) where not.

Format & positioning
Cuisine (primary)
casual variedS3 supplementary (opens in new tab)
Cuisine (secondary)
dessertS3 supplementary (opens in new tab)
Service model
QSRtier3_reference (opens in new tab)~
Price tier
valuetertiary (opens in new tab)~
Company
Founded
1,979secondary (opens in new tab)~
HQ country
Canadasecondary (opens in new tab)
CEO
Eric Lefebvresecondary (opens in new tab)
Employees
6,868 headcountsecondary (opens in new tab)~
Ownership
Parent
Independent / public-standalone (MTY Food Group Inc.; Canadian multi-brand franchisor; TSX:MTY). Founder Stanley Ma significant shareholderencyclopedic (opens in new tab)
PE / holding
not disclosed
Recent M&A
Active serial acquirer: agreed Feb 2025 to acquire The Counter / Built Custom Burgers parent; 2024 deals incl. Turtle Jack's, Coop Wicked Chicken, Frat's Cucina (majority interests); Wetzel's Pretzels ($207M, 2022)news (opens in new tab)
Growth
Revenue YoY
2.64%S1 official primary (opens in new tab)
Pricing & digital
Avg check
not disclosed
Digital sales
not disclosed
Off-premise
not disclosed
Loyalty members
not disclosed
Franchise terms
Royalty
approximately 2% to 9% of gross sales%AIF (opens in new tab)~
Franchise fee
US$15,000-$50,000 traditional; US$5,000-$30,000 non-traditionalAIF (opens in new tab)~
By-market footprint
market_split_gap
—S1 official primary (opens in new tab)

Store counts by market/region — footprint context, not a same-basis comparison.

Disclosed store model

disclosed5/5 source-backed

Company-operated vs franchised footprint, AUV and store-level economics — taken verbatim from each operator's own filing, never inferred. A separate axis from company scale and single-store economics.

Total stores
7,080 stores
FY2025, as at November 30, 2025 (twelve months ended Nov 30, 2025)
Source-backedS1 official primary (opens in new tab)
Company-operated
249 stores
FY2025, end of period as at November 30, 2025 (Canada 43 + US 206)
Source-backedS1 official primary (opens in new tab)
Franchised
6,831 stores
FY2025, end of period as at November 30, 2025
Source-backedS1 official primary (opens in new tab)
New units opened
327 stores
FY2025, twelve months ended November 30, 2025 (Q4-25 alone: 85)
Source-backedS1 official primary (opens in new tab)
Other disclosed
326 stores
FY2025 closures, twelve months ended November 30, 2025 (Q4-25 alone: 66); net unit change +1 (327 opened - 326 closed)
Source-backedS1 official primary (opens in new tab)

Single-store model

1/8 source-backed

Unit economics are a separate axis from company-level scale — never read as the same number. Each field keeps its source, period, and quality; derived/estimated rows and gaps are marked.

AUV / unit sales
Derived; not disclosed AUV.
Derived: gmv_or_system_sales_usd 4,128,976,161/7,080=~USD583,189/store.
FY2024_or_latest_L1
EstimatedNeeds source
Single-store profit
GAP — not fabricated.
—
GapSource (opens in new tab)
Initial investment
GAP — not fabricated.
—
GapSource (opens in new tab)
Franchise fee / royalty
GAP — not fabricated.
—
GapSource (opens in new tab)
Payback period
GAP — not fabricated.
—
GapSource (opens in new tab)
Same-store sales
GAP — not fabricated.
—
GapSource (opens in new tab)
Store open / close
GAP — not fabricated.
—
GapSource (opens in new tab)
Company-operated share
GAP — not fabricated.
—
GapSource (opens in new tab)

Cost structure

1/6 source-backed

Where each revenue dollar goes, latest disclosed year. Slices use each operator's reported base — % of revenue unless the row notes otherwise (% of GMV, restaurant-level, franchise goods-supply COGS). Grey = not separately disclosed. This is a separate axis from company scale and single-store economics.

Food / COGS—
FY2024Gap
Franchisor (royalty+ad-fund ~42% rev; corporate-store ~43%; processing rest). Rev CAD1,159.6M; net CAD24.2M (2.1, impairments); Adj EBITDA CAD263M ~22.7%. Store-level food/labor/rent not disclosed -> gap.
Labor—
FY2024Gap
Franchisor (royalty+ad-fund ~42% rev; corporate-store ~43%; processing rest). Rev CAD1,159.6M; net CAD24.2M (2.1, impairments); Adj EBITDA CAD263M ~22.7%. Store-level food/labor/rent not disclosed -> gap.
Rent / occupancy—
FY2024Gap
Franchisor (royalty+ad-fund ~42% rev; corporate-store ~43%; processing rest). Rev CAD1,159.6M; net CAD24.2M (2.1, impairments); Adj EBITDA CAD263M ~22.7%. Store-level food/labor/rent not disclosed -> gap.
Delivery commission—
FY2024Gap
Franchisor (royalty+ad-fund ~42% rev; corporate-store ~43%; processing rest). Rev CAD1,159.6M; net CAD24.2M (2.1, impairments); Adj EBITDA CAD263M ~22.7%. Store-level food/labor/rent not disclosed -> gap.
Marketing—
FY2024Gap
Franchisor (royalty+ad-fund ~42% rev; corporate-store ~43%; processing rest). Rev CAD1,159.6M; net CAD24.2M (2.1, impairments); Adj EBITDA CAD263M ~22.7%. Store-level food/labor/rent not disclosed -> gap.
Operating margin2.1%
FY2024· net income margin (depressed by impairments); Adj EBITDA ~22.7%S1 official primary (opens in new tab)Source-backed
Franchisor (royalty+ad-fund ~42% rev; corporate-store ~43%; processing rest). Rev CAD1,159.6M; net CAD24.2M (2.1, impairments); Adj EBITDA CAD263M ~22.7%. Store-level food/labor/rent not disclosed -> gap.

Supply chain

Who supplies this brand — reverse-extracted from each supplier's own filing (top-customer / related-party disclosure). The % is the supplier's revenue share from this brand (supplier-side, not procurement spend), unless a note says otherwise. Each edge keeps its period, source tier, and audit link; named relationships without a disclosed % are shown as such.

No supplier relationships collected for this brand yet.