The Wendy's Co

US · WEN #3146 by market cap

6.09 -0.03 -0.41%

Live - 5344 symbols - heartbeat 244s ago · 2026-10-08 10:00

Pre-market 6.04 -1.15%

After-hours 6.11 0.00%

Overnight 6.12 +0.16%

Market cap: 1.16B
P/E (TTM): 9.22
P/B: 9.63
EPS: 0.85
Div yield: 9.20%
52W pos: 4%

Reader sentiment Are you bullish or bearish on WEN?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Financial Health how this is computed

Weak

Altman Z-Score is 1.01, below the 1.8 "distress zone" threshold.
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year -3.10% YoY

Margins

Gross margin: 27.04%
Operating margin: 16.28%
Net margin: 7.58%

Key ratios & quality

Enterprise value: 3.70B
Altman Z-Score: 1.01

Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2021	2022	2022	2023	2024	2025
Revenue	1.59B	1.71B	1.73B	1.90B	2.10B	2.18B	2.25B	2.18B
Gross profit	603.18M	605.74M	621.48M	536.66M	720.76M	623.27M	629.31M	588.57M
Selling & admin expenses	217.49M	200.21M	206.88M	81.40M	254.98M	96.80M	94.50M	85.40M
Research & development	--	--	--	--	--	--	--	--
Operating profit	263.19M	285.26M	290.23M	344.18M	353.65M	391.67M	388.39M	354.37M
Pretax profit	574.92M	171.48M	152.80M	240.58M	243.51M	279.42M	272.41M	227.25M
Tax	114.80M	34.54M	34.96M	40.19M	66.14M	74.98M	78.06M	62.17M
Net profit	460.12M	136.94M	117.83M	200.39M	177.37M	204.44M	194.36M	165.08M
Basic EPS	2	1	1	1	1	1	1	1
Diluted EPS	1.88	0.58	0.52	0.89	0.82	0.97	0.95	0.85

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	523.47M	560.93M	549.52M	542.97M	540.64M	570.57M
Gross profit	147.98M	166.84M	146.12M	135.74M	138.41M	145.81M
Selling & admin expenses	29.70M	23.00M	14.90M	25.90M	32.40M	27.20M
Research & development	--	--	--	--	--	--
Operating profit	79.86M	105.99M	90.70M	78.12M	63.87M	79.17M
Pretax profit	54.92M	75.90M	63.24M	33.19M	34.17M	48.57M
Tax	15.69M	20.79M	18.98M	6.71M	11.45M	15.95M
Net profit	39.23M	55.11M	44.25M	26.48M	22.71M	32.62M
Basic EPS	0	0	0	0	0	0
Diluted EPS	0.19	0.29	0.23	0.14	0.12	0.17

Balance sheet

Line item	2018	2019	2021	2022	2022	2023	2024	2025
Total current assets	665.72M	554.05M	687.62M	592.85M	1.06B	837.65M	736.14M	618.04M
Cash & ST investments	431.41M	300.20M	306.99M	249.44M	745.89M	516.04M	450.51M	300.83M
Inventory	3.69M	3.89M	4.73M	5.93M	7.13M	6.69M	6.53M	7.39M
Total assets	4.29B	4.99B	5.04B	5.10B	5.50B	5.18B	5.03B	4.96B
Total current liabilities	284.19M	349.70M	413.31M	426.93M	388.00M	381.93M	397.63M	351.10M
Short-term debt	31.66M	77.53M	86.41M	87.08M	95.69M	98.85M	150.74M	107.54M
Long-term debt	2.31B	2.26B	2.22B	2.36B	2.82B	2.73B	2.66B	2.73B
Total liabilities	3,643,586,000.00	4,478,170,000.00	4,490,410,000.00	4,664,986,000.00	5,033,624,000.00	4,873,047,000.00	4,775,491,000.00	4,839,178,000.00
Total equity	648.45M	516.36M	549.60M	436.41M	465.72M	309.78M	259.35M	117.38M
Retained earnings	146.28M	185.73M	238.67M	344.20M	414.75M	409.86M	399.70M	435.12M

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	644.20M	600.45M	640.86M	618.04M	652.26M	678.10M
Cash & ST investments	335.26M	281.23M	291.41M	300.83M	298.74M	341.21M
Inventory	6.20M	6.31M	6.94M	7.39M	6.60M	7.04M
Total assets	4.92B	4.89B	4.98B	4.96B	4.92B	4.88B
Total current liabilities	433.51M	415.22M	793.73M	351.10M	356.16M	357.47M
Short-term debt	151.72M	154.03M	502.48M	107.54M	109.40M	109.24M
Long-term debt	2.66B	2.65B	2.30B	2.73B	2.72B	2.72B
Total liabilities	4,789,243,000.00	4,781,260,000.00	4,866,982,000.00	4,839,178,000.00	4,809,071,000.00	4,763,749,000.00
Total equity	130.24M	112.89M	109.19M	117.38M	115.55M	120.47M
Retained earnings	389.48M	417.77M	435.29M	435.12M	431.17M	437.10M

Cash flow

Line item	2018	2019	2021	2022	2022	2023	2024	2025
Operating cash flow	224.23M	288.93M	284.36M	345.77M	259.90M	345.42M	355.31M	344.54M
Depreciation & amortization	128.88M	131.69M	132.78M	125.54M	135.81M	148.57M	157.94M	170.87M
Free cash flow	154.37M	214.48M	215.39M	267.79M	174.36M	260.40M	260.92M	242.62M
Dividends paid	-80.53M	-96.36M	-64.87M	-94.85M	-106.78M	-209.25M	-204.44M	-129.59M
Stock buybacks / issuance	-269.81M	-217.80M	-62.17M	-268.53M	-51.95M	-189.55M	-77.38M	-200.77M
Ending cash balance	486.51M	358.71M	418.24M	366.97M	831.80M	588.82M	503.61M	357.67M

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	85.42M	60.59M	129.26M	69.28M	59.39M	100.57M
Depreciation & amortization	40.72M	41.05M	43.62M	45.49M	45.34M	42.64M
Free cash flow	67.74M	39.22M	104.26M	31.40M	47.51M	81.01M
Dividends paid	-49.43M	-26.81M	-26.71M	-26.63M	-26.65M	-26.67M
Stock buybacks / issuance	-122.78M	-63.73M	-14.25M	0	0	-1.92M
Ending cash balance	388.96M	330.10M	352.02M	357.67M	362.03M	394.78M

Returns & efficiency

Line item	2018	2019	2021	2022	2022	2023	2024	2025
ROE %	75.33	23.51	22.11	40.65	39.32	52.72	68.30	87.63
ROA %	10.97	2.95	2.35	3.95	3.35	3.83	3.80	3.30
ROIC %	16.44	5.99	4.93	6.84	5.89	6.42	6.42	5.96
5-year avg ROE %	30.10	33.48	35.29	39.37	40.18	35.66	44.62	57.73
EBIT margin %	43.68	16.82	15.60	18.44	17.46	18.49	17.64	16.25
FCF / sales %	9.71	12.55	12.42	14.12	8.32	11.94	11.61	11.15
Current ratio	2.34	1.58	1.66	1.39	2.73	2.19	1.85	1.76
Quick ratio	1.90	1.19	1.01	0.86	2.22	1.67	1.38	1.19
Debt / assets	64.87	74.35	72.94	75.60	77.86	79.87	81.28	83.63
LT debt / equity	424.52	704.19	653.13	863.72	898.85	1,304.45	1,519.87	3,439.57
Interest coverage	5.81	2.48	2.30	3.20	2.99	3.25	3.20	2.80
Revenue CAGR (3Y) %	-5.27	5.99	12.33	6.06	7.03	7.96	5.80	1.28
Net income CAGR (3Y) %	41.87	1.85	-15.32	-24.20	9.01	20.16	-1.01	-2.37
FCF CAGR (3Y) %	89.48	69.81	11.10	20.16	-6.67	6.53	-0.86	11.64

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	90.40	99.35	100.85	87.63	120.88	108.04
ROA %	3.79	3.85	3.70	3.30	3.02	2.58
ROIC %	6.50	6.54	6.38	5.96	5.72	5.22
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	17.66	17.78	17.64	16.25	15.30	14.12
FCF / sales %	11.01	11.54	10.77	11.15	10.14	11.99
Current ratio	1.49	1.45	0.81	1.76	1.83	1.90
Quick ratio	1.01	0.95	0.53	1.19	1.19	1.26
Debt / assets	82.86	83.53	82.76	83.63	83.59	83.38
LT debt / equity	3,013.23	3,485.03	3,311.35	3,439.57	3,467.90	3,289.93
Interest coverage	3.16	3.17	3.12	2.80	2.60	2.36
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Single-engine

Wendy’s United States (US) is the largest reported line at 83.71% of revenue, across 3 reported segments.
The next-largest line, Global Real Estate & Development, is a distant second at 9.41% - a sharp slowdown here would have little to offset it.

Revenue breakdown most recent period

Business

Wendy’s United States (US)83.71%

Global Real Estate & Development9.41%

Wendy’s International6.88%

Quote time 2026-10-08 10:00:14 · For reference only, not investment advice and not tailored to your situation.