Wendy's Co (WEN)
The Wendy's Company, together with its subsidiaries, engages in the operation, development, and franchising of a system of quick-service restaurants in the United States and internationally. The company operates through the Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. Its restaurants offer a menu that includes hamburger sandwiches and chicken sandwiches; chicken tenders and nuggets, chili, french fries, baked potatoes, salads, soft drinks, Frosty desserts, and kids' meals; breakfast menu, including the Breakfast Baconator sandwich and seasoned products; and a variety of promotional products on a limited time basis. The company also owns and leases real estate properties. As of December 28, 2025, there were 5,969 Wendy's restaurants in operation in the United States and 1,428 Wendy's restaurants in operation in 38 foreign countries and U.S. territories. The company was formerly known as Wendy's/Arby's Group, Inc. and changed its name to The Wendy's Company in July 2011. The Wendy's Company was founded in 1969 and is headquartered in Dublin, Ohio.
- Symbol
- WEN
- Exchange
- Nasdaq
- Sector
- Consumer Cyclical
- Industry
- Restaurants
- Market cap
- $1.30B
- 52 week range
- 6.07 - 10.12
Valuation
- Share price
- $6.73 (close of 2026-09-23)
- P/E (TTM)
- 10.48x
- Price to book
- 10.78x
- Price to free cash flow
- 4.91x
- Enterprise value
- $5.03B
- Book value per share
- $0.63
Price performance
| Period | Change |
|---|
| 1 day | -1.17% |
| 5 days | -4.27% |
| 1 month | -25.31% |
| 3 months | +7.51% |
| 6 months | -6.01% |
| Year to date | -19.21% |
| 1 year | -25.96% |
| 3 years | -67.12% |
| 5 years | -69.98% |
| 10 years | -37.86% |
| All time | +223.56% |
Profitability and growth
- Return on equity
- 140.63%
- Return on invested capital
- 7.10%
- Return on assets
- 3.33%
- Return on capital employed
- 7.46%
- Gross margin
- 63.63%
- Net margin
- 7.58%
- EBITDA margin
- 22.77%
- Revenue growth
- -3.10%
- Net income growth
- -15.07%
- Free cash flow growth
- -7.01%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 20.35%
- Current ratio
- 1.90x
- Net debt to EBITDA
- 7.64x
Latest reported year
- Period end
- 2025-12-28
- Fiscal year
- 2025
- Revenue
- $2.18B
- Cost of revenue
- $791.72M
- Gross profit
- $1.39B
- EBITDA
- $495.67M
- Net income
- $165.07M
- Earnings per share
- $0.85
- Shares outstanding
- 193.41M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-28 | $2.18B | $1.39B | $165.07M | $0.85 |
| 2024-12-29 | $2.25B | $1.46B | $194.36M | $0.95 |
| 2023-12-31 | $2.18B | $1.39B | $204.44M | $0.98 |
| 2023-01-01 | $2.10B | $1.32B | $177.37M | $0.83 |
| 2022-01-02 | $1.90B | $1.29B | $200.39M | $0.91 |
| 2021-01-03 | $1.73B | $1.12B | $117.83M | $0.53 |
| 2019-12-29 | $1.71B | $1.11B | $136.94M | $0.60 |
| 2018-12-30 | $1.59B | $1.04B | $460.12M | $1.93 |
| 2017-12-31 | $1.22B | $705.47M | $194.03M | $0.79 |
| 2017-01-01 | $1.44B | $683.34M | $129.62M | $0.49 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-28 | 63.63% | 7.58% | 140.63% | 7.10% |
| 2024-12-29 | 65.14% | 8.65% | 74.94% | 7.52% |
| 2023-12-31 | 63.58% | 9.37% | 66.00% | 7.80% |
| 2023-01-01 | 63.10% | 8.46% | 38.09% | 7.18% |
| 2022-01-02 | 67.76% | 10.56% | 45.92% | 8.08% |
| 2021-01-03 | 64.53% | 6.80% | 21.44% | 5.98% |
| 2019-12-29 | 65.04% | 8.01% | 26.52% | 5.80% |
| 2018-12-30 | 65.50% | 28.94% | 70.96% | 5.31% |
| 2017-12-31 | 57.66% | 15.86% | 33.85% | 53.45% |
| 2017-01-01 | 47.61% | 9.03% | 24.56% | 73.66% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-28 | $300.83M | $2.73B |
| 2024-12-29 | $450.51M | $2.66B |
| 2023-12-31 | $516.04M | $2.73B |
| 2023-01-01 | $745.89M | $2.82B |
| 2022-01-02 | $249.44M | $2.36B |
| 2021-01-03 | $306.99M | $2.22B |
| 2019-12-29 | $300.19M | $2.26B |
| 2018-12-30 | $431.40M | $2.31B |
| 2017-12-31 | $171.45M | - |
| 2017-01-01 | $198.24M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-28 | $242.62M | $14.57M |
| 2024-12-29 | $260.92M | $23.02M |
| 2023-12-31 | $260.39M | $23.75M |
| 2023-01-01 | $174.36M | $24.54M |
| 2022-01-02 | $267.79M | $22.02M |
| 2021-01-03 | $215.39M | $18.93M |
| 2019-12-29 | $214.48M | $18.68M |
| 2018-12-30 | $154.37M | $17.92M |
| 2017-12-31 | $157.08M | $20.93M |
| 2017-01-01 | $43.80M | $18.14M |
Dividend history
- Most recent payment
- 2026-09-01
- Paid in the last twelve months
- $0.49
| Payment date | Dividend per share |
|---|
| 2026-09-01 | $0.07 |
| 2026-06-01 | $0.14 |
| 2026-03-02 | $0.14 |
| 2025-12-01 | $0.14 |
| 2025-09-02 | $0.14 |
| 2025-06-02 | $0.14 |
| 2025-03-03 | $0.25 |
| 2024-12-02 | $0.25 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-06
- Consensus EPS estimate
- $0.10
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-07 | Jun/2026 | $0.16 |
| 2026-05-08 | - | - |
| 2026-02-13 | - | - |
| 2025-11-07 | - | - |
| 2025-08-08 | - | - |
| 2025-05-02 | - | - |
| 2025-02-13 | - | - |
| 2024-10-31 | - | - |
Filings and sources
- Company website
- wendys.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
McDonald's Corp (MCD) · Starbucks Corp (SBUX) · Chipotle Mexican Grill Inc (CMG) · Yum Brands Inc (YUM) · Darden Restaurants Inc (DRI) · Domino's Pizza Inc (DPZ) · NIKE, Inc. (NKE) · Tapestry, Inc. (TPR)
All Consumer Cyclical companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades