median 57% — gross profit as a share of total assets, each member's median across its readable years; read on 18 of 38 members
Capital intensity
median 5.7% — capital expenditure as a share of revenue, each member's median across its readable years; read on 38 of 38 members
Net cash
14 of the 38 members with a readable debt line hold more cash and short-term investments than total debt
Figures describe the list as a group, from each member's own filed record; they name no
member and form no rank. A member missing an input is absent from that median, never counted
against the others.
From the latest filings · data as of July 9, 2026.
We are the world's largest independent McDonald's franchisee in terms of systemwide sales and number of restaurants, according to McDonald's, representing 4.4% of McDonald's global sales in 2025.
Aramark is a leading global provider of food and facilities services to education, healthcare, business & industry, and sports, leisure & corrections clients.
Biglari Holdings Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities, including property and casualty insurance and reinsurance, licensing and media, restaurants, and oil and gas.
Bloomin' Brands Inc. is one of the largest casual dining restaurant companies in the world, with a portfolio of leading, differentiated restaurant concepts.
Old country-store design offering a full-service restaurant menu that features home-style country food and a wide variety of decorative and functional items such as rocking chairs, holiday and seasonal gifts, toys, apparel, cookware and foods.
Chipotle runs a chain of fast-casual restaurants serving Mexican-style food — burritos, bowls, tacos — assembled to order along a service line. It owns and operates its restaurants rather than selling franchises, so it keeps the full economics of each one. The money comes from the spread between what diners pay for a meal and what it costs to make and serve, store by store, across the whole chain.
Domino's is the largest pizza company in the world with more than 22,100 locations in over 90 markets around the world as of December 28, 2025, and operates two distinct service models within its stores, with a significant business in both delivery and carryout.
Jack in the Box is a restaurant company that operates and franchises Jack in the Box , one of the nation's largest hamburger chains with 2,136 restaurants across 22 states, and Del Taco , one of the nation's largest Mexican-American quick service restaurants chains with 576 restaurants across 18 states.
Kura Sushi USA, Inc. is a technology-enabled Japanese restaurant concept that provides guests with a distinctive dining experience by serving authentic Japanese cuisine through an engaging revolving sushi service model, which we refer to as the "Kura Experience."
McDonald's sells fast food — burgers, fries, chicken, drinks and breakfast — to ordinary people walking up to a counter or pulling through a drive-thru, in the United States and around the world. Most of its restaurants are run not by the company but by franchisees and licensees, who pay it royalties on their sales and, in many cases, rent on the land and buildings the company owns or leases to them. So it earns money two ways: from the meals it sells at the stores it operates itself, and, as the larger engine, as a brand-and-property landlord collecting a cut off restaurants that other people staff and manage.
We are a leading branded licensor, wholesaler and retailer of products marketed under our Nathan's Famous brand, including our popular Nathan's World Famous Beef Hot Dogs.
Dave & Buster's Entertainment Inc. is the owner and operator of 243 venues in North America that offer premier entertainment and dining experiences for both adults and families under the Dave & Buster's and Main Event brands.
Papa John's International, Inc., a Delaware corporation, operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark "Papa Johns."
We are one of the world's largest quick service restaurant companies with nearly $47 billion in annual system-wide sales and over 33,000 restaurants in more than 120 countries and territories as of December 31, 2025.
Starbucks sells coffee, tea, and other drinks, along with food and packaged goods, through stores it runs itself and stores that other operators license to carry its brands. It buys green coffee beans, roasts them, and sells the finished cup for well above what the beans cost. The money arrives as a great many small daily purchases across a wide store base spread across much of the world.
Shake Shack Inc. is the sole managing member of SSE Holdings and, as sole managing member, it operates and controls all of the business and affairs of SSE Holdings.
Wendy's is the second largest quick-service restaurant company in the hamburger sandwich segment in the United States based on traffic and dollar share, and the third largest globally with 7,397 restaurants in the U.S. and 38 foreign countries and U.S. territories as of December 28, 2025.
Retained capitalRetained $1.2B of earnings over 2016–2025; annual owner earnings grew $406M, $0.33 per $1 retained.
Balance sheetNet cash, debt-free, +$1.4B · buybacks at an average near $43.30 · dividend paid 9 of 10 yrs, cut at least once
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list and names no member; the entries carry no ranking and form no score. What a chapter
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