What is The Wendy's Company's earnings per share (EPS)?

The Wendy's Company (WEN) reported diluted earnings per share of $0.85 for fiscal year 2025. This represents a -10.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

The Wendy's Company (WEN) Financials

WEN

Trailing 12 months to June 28, 2026

Revenue $2.2B -1.0% YoY

Net Income $126.1M -34.4% YoY

EPS (Diluted) $0.66 -32.0% YoY

Free Cash Flow $264.2M +2.8% YoY

Market Cap $1.2B as of Oct 14, 2026

Price / Sales 0.5x on $2.2B revenue, trailing 12 months to June 28, 2026

Price / Earnings 9.6x on $126.1M net income, trailing 12 months to June 28, 2026

Price / Book 10.1x on $120.5M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 28, 2026 Reported Aug 7, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WEN SEC filings page.

The Wendy's Company (WEN) reported $2.2B in revenue over the twelve months to Jun 28, 2026, down 1.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WEN FY2025 2026-10-04

Wendy’s converts sales into cash, but rising leverage and shrinking equity make that cash generation financially less flexible.

In FY2025, operating cash flow of $344.5M exceeded net income of $165.1M, so reported earnings were accompanied by more cash than profit alone suggests. After capital expenditures, free cash flow was $242.6M, indicating reinvestment consumed a meaningful but not dominant portion of operating cash.

Revenue fell from $2.25B in FY2024 to $2.18B in FY2025, a top-line contraction that was not fully absorbed by the cost base. Operating margin fell from 16.5% to 15.8%, showing that sales pressure reached operating profit.

Total equity fell from $259.4M in FY2024 to $117.4M, leaving less capital beneath the business’s obligations. Debt-to-equity reached 23.3x in FY2025, making leverage the defining balance-sheet feature.

Financial Health Signals

Financial Health Score 53/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of The Wendy's Company's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

The Wendy's Company has an operating margin of 15.8%, meaning the company retains $16 of operating profit per $100 of revenue. This strong profitability earns a score of 85/100, reflecting efficient cost management and pricing power. This is down from 16.5% the prior year.

Growth

The Wendy's Company's revenue declined 3.1% year-over-year, from $2.2B to $2.2B. This contraction results in a growth score of 30/100.

Leverage

The Wendy's Company has elevated debt relative to equity (D/E of 23.26), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 12/100, reflecting increased financial risk.

Liquidity

The Wendy's Company's current ratio of 1.76 indicates adequate short-term liquidity, earning a score of 52/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

The Wendy's Company converts 11.2% of revenue into free cash flow ($242.6M). This strong cash generation earns a score of 69/100.

Returns

The Wendy's Company earns a strong 140.6% return on equity (ROE), meaning it generates $141 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 70/100. This is up from 74.9% the prior year.

Altman Z-Score Distress

1.01

The Wendy's Company scores 1.01, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

4/9

The Wendy's Company passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.09x

For every $1 of reported earnings, The Wendy's Company generates $2.09 in operating cash flow ($344.5M OCF vs $165.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.72x

The Wendy's Company earns $2.72 in operating income for every $1 of interest expense ($343.5M vs $126.5M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$570.6M

YoY+1.7%

QoQ+5.5%

5Y CAGR+4.4%

10Y CAGR+2.1%

The Wendy's Company generated $570.6M in revenue in Q2 2026. This represents an increase of 1.7% from the same quarter a year earlier. Against the prior quarter it is up 5.5%.

EBITDA

$117.3M

YoY-16.9%

QoQ+11.2%

5Y CAGR+0.5%

10Y CAGR+2.4%

The Wendy's Company's EBITDA was $117.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 16.9% from the same quarter a year earlier. Against the prior quarter it is up 11.2%.

Net Income

$32.6M

YoY-40.8%

QoQ+43.6%

5Y CAGR-4.6%

10Y CAGR+15.7%

The Wendy's Company reported $32.6M in net income in Q2 2026. This represents a decrease of 40.8% from the same quarter a year earlier. Against the prior quarter it is up 43.6%.

EPS (Diluted)

$0.17

YoY-41.4%

QoQ+41.7%

5Y CAGR-1.1%

10Y CAGR+18.9%

The Wendy's Company earned $0.17 per diluted share (EPS) in Q2 2026. This represents a decrease of 41.4% from the same quarter a year earlier. Against the prior quarter it is up 41.7%.

Cash & Balance Sheet

Free Cash Flow

$81.0M

YoY+106.5%

QoQ+70.5%

5Y CAGR+1.4%

10Y CAGR+26.3%

The Wendy's Company generated $81.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 106.5% from the same quarter a year earlier. Against the prior quarter it is up 70.5%.

Cash & Debt

$341.2M

YoY+21.3%

QoQ+14.2%

5Y CAGR+1.5%

10Y CAGR+6.9%

The Wendy's Company held $341.2M in cash against $2.7B in long-term debt as of Q2 2026.

Dividends Per Share

$0.14

YoY0.0%

QoQ0.0%

The Wendy's Company paid $0.14 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

191M

YoY+0.1%

QoQ+0.1%

5Y CAGR-2.9%

10Y CAGR-3.5%

The Wendy's Company had 191M shares outstanding in Q2 2026. This represents an increase of 0.1% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Margins & Returns

Gross Margin

63.7%

YoY-1.3pp

QoQ+0.9pp

5Y change-2.2pp

10Y change+26.4pp

The Wendy's Company's gross margin was 63.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.

Operating Margin

13.9%

YoY-4.7pp

QoQ+1.9pp

5Y change-4.2pp

10Y change+1.9pp

The Wendy's Company's operating margin was 13.9% in Q2 2026, reflecting core business profitability. This is down 4.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.9 percentage points.

Net Margin

5.7%

YoY-4.1pp

QoQ+1.5pp

5Y change-3.3pp

10Y change+4.1pp

The Wendy's Company's net profit margin was 5.7% in Q2 2026, showing the share of revenue converted to profit. This is down 4.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.5 percentage points.

Return on Equity

27.1%

YoY-21.8pp

QoQ+7.4pp

5Y change+19.1pp

10Y change+26.0pp

The Wendy's Company's ROE was 27.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 21.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.4 percentage points.

Capital Allocation

Share Buybacks

$1.9M

YoY-97.0%

5Y CAGR-49.0%

10Y CAGR-46.6%

The Wendy's Company spent $1.9M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 97.0% from the same quarter a year earlier.

Capital Expenditures

$19.6M

YoY-8.5%

QoQ+64.6%

5Y CAGR+13.5%

10Y CAGR-10.3%

The Wendy's Company invested $19.6M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 8.5% from the same quarter a year earlier. Against the prior quarter it is up 64.6%.

R&D Spending

Not reported for Q2 2026.

WEN Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WEN quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$2.2B	$2.2B-3.1%	$2.2B+3.0%	$2.2B+4.1%	$2.1B+10.5%	$1.9B+9.4%	$1.7B+1.5%	$1.7B+7.5%	$1.6B+30.0%	$1.2B-14.8%	$1.4B-23.3%	$1.9B-6.4%	$2.0B-17.5%	$2.4B-3.3%	$2.5B+3.0%	$2.4B
Cost of Revenue	$815.4M	$791.7M+1.1%	$783.2M-1.4%	$794.5M+2.8%	$773.2M+26.4%	$611.7M-0.5%	$614.9M+2.9%	$597.5M+8.9%	$548.6M+5.9%	$517.9M-31.1%	$752.1M-36.5%	$1.2B-12.6%	$1.4B-23.9%	$1.8B-5.3%	$1.9B+3.6%	$1.8B
Gross Profit	$1.4B	$1.4B-5.3%	$1.5B+5.5%	$1.4B+4.9%	$1.3B+2.9%	$1.3B+14.9%	$1.1B+0.7%	$1.1B+6.7%	$1.0B+47.6%	$705.5M+3.2%	$683.3M-0.4%	$686.2M+6.7%	$643.4M+0.1%	$642.7M+3.0%	$624.0M+1.4%	$615.2M
SG&A Expenses	$264.0M	$252.7M-1.0%	$255.2M+2.1%	$250.0M-2.0%	$255.0M+4.9%	$243.0M+17.4%	$206.9M+3.3%	$200.2M-7.9%	$217.5M+6.8%	$203.6M-14.0%	$236.8M-7.7%	$256.6M-1.6%	$260.7M-10.6%	$291.5M+1.3%	$287.8M-1.6%	$292.4M
Operating Income	$300.3M	$343.5M-7.5%	$371.4M-2.8%	$382.0M+8.1%	$353.3M-3.7%	$367.0M+36.3%	$269.3M+2.6%	$262.6M+5.1%	$249.9M+16.4%	$214.8M-31.8%	$314.8M+14.7%	$274.5M+13.1%	$242.6M+74.1%	$139.3M+13.5%	$122.7M-10.5%	$137.1M
EBITDA	N/A	$495.7M-3.7%	$514.6M-0.6%	$517.8M+6.4%	$486.7M-1.2%	$492.5M+22.5%	$402.1M+2.0%	$394.3M+4.1%	$378.8M+11.3%	$340.4M-22.5%	$439.1M+2.5%	$428.2M+6.4%	$402.4M+18.5%	$339.5M+22.6%	$276.9M-1.9%	$282.4M
Interest Expense	$132.0M	$126.5M+2.1%	$123.9M-0.1%	$124.1M+1.4%	$122.3M+12.0%	$109.2M-7.3%	$117.7M+1.5%	$116.0M-3.0%	$119.6M+1.3%	$118.1M+2.8%	$114.8M+33.4%	$86.1M+65.5%	$52.0M-24.3%	$68.6M-30.4%	$98.6M-13.6%	$114.1M
Income Tax	$53.1M	$62.2M-20.4%	$78.1M+4.1%	$75.0M+13.4%	$66.1M+64.6%	$40.2M+14.9%	$35.0M+1.2%	$34.5M-69.9%	$114.8M+223.4%	-$93.0M-229.1%	$72.1M-23.5%	$94.1M+23.7%	$76.1M+374.0%	$16.1M+176.2%	-$21.1M-423.0%	$6.5M
Net Income	$126.1M	$165.1M-15.1%	$194.4M-4.9%	$204.4M+15.3%	$177.4M-11.5%	$200.4M+70.1%	$117.8M-14.0%	$136.9M-70.2%	$460.1M+137.1%	$194.0M+49.7%	$129.6M-19.6%	$161.1M+32.7%	$121.4M+167.0%	$45.5M+542.2%	$7.1M-28.3%	$9.9M
EPS (Basic)	N/A	$0.85-10.5%	$0.95-3.1%	$0.98+18.1%	$0.83-8.8%	$0.91+71.7%	$0.53-11.7%	$0.60-68.9%	$1.93+144.3%	$0.79+61.2%	$0.49-2.0%	$0.50+51.5%	$0.33+175.0%	$0.12+500.0%	$0.020.0%	$0.02
EPS (Diluted)	$0.66	$0.85-10.5%	$0.95-2.1%	$0.97+18.3%	$0.82-7.9%	$0.89+71.2%	$0.52-10.3%	$0.58-69.1%	$1.88+144.2%	$0.77+57.1%	$0.490.0%	$0.49+53.1%	$0.32+190.9%	$0.11+450.0%	$0.020.0%	$0.02
Diluted Shares (Avg)	N/A	194M-5.6%	206M-2.8%	212M-2.0%	216M-3.8%	224M-1.6%	228M-3.0%	235M-4.0%	245M-2.9%	252M-5.4%	267M-18.9%	329M-12.6%	376M-5.6%	399M+1.7%	392M-3.7%	407M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$570.6M+1.7%	$540.6M+3.3%	$543.0M-5.5%	$549.5M-3.0%	$560.9M-1.7%	$523.5M-2.1%	$574.3M+4.3%	$566.7M+0.9%
Cost of Revenue	$207.3M+5.5%	$201.0M+6.8%	$202.8M+3.7%	$204.3M+4.4%	$196.5M-1.7%	$188.2M-2.1%	$195.6M-2.0%	$195.6M-2.7%
Gross Profit	$363.3M-0.3%	$339.6M+1.3%	$340.2M-10.2%	$345.3M-7.0%	$364.4M-1.7%	$335.3M-2.1%	$378.7M+7.9%	$371.1M+2.9%
SG&A Expenses	$66.2M+11.2%	$72.8M+6.8%	$67.1M-0.1%	$57.9M-7.8%	$59.5M-3.3%	$68.2M+7.0%	$67.2M+13.3%	$62.8M+0.1%
Operating Income	$79.3M-24.0%	$64.9M-21.9%	$64.0M-33.3%	$92.0M-2.8%	$104.3M+4.8%	$83.1M+2.4%	$96.0M-5.5%	$94.7M-13.4%
EBITDA	$117.3M-16.9%	$105.5M-11.8%	$104.3M-19.3%	$130.4M-0.9%	$141.3M+3.1%	$119.7M+2.6%	$129.2M-4.9%	$131.7M-7.8%
Interest Expense	$33.9M+9.4%	$34.1M+8.4%	$32.5M+4.6%	$31.5M+0.9%	$30.9M-0.2%	$31.5M+3.1%	$31.1M+0.4%	$31.3M+0.4%
Income Tax	$16.0M-23.3%	$11.5M-27.0%	$6.7M-70.8%	$19.0M-2.3%	$20.8M+3.0%	$15.7M+1.4%	$23.0M+15.4%	$19.4M+0.9%
Net Income	$32.6M-40.8%	$22.7M-42.1%	$26.5M-44.2%	$44.3M-11.9%	$55.1M+0.9%	$39.2M-6.6%	$47.5M-18.2%	$50.2M-15.8%
EPS (Basic)	$0.17-41.4%	$0.12-40.0%	$0.14-39.1%	$0.23-8.0%	$0.29+7.4%	$0.200.0%	$0.23-17.9%	$0.25-10.7%
EPS (Diluted)	$0.17-41.4%	$0.12-36.8%	$0.14-41.7%	$0.23-8.0%	$0.29+7.4%	$0.19-5.0%	$0.24-14.3%	$0.25-10.7%
Diluted Shares (Avg)	191M-0.8%	191M-5.3%	N/A	191M-6.4%	193M-6.5%	202M-2.6%	N/A	204M-4.1%

Not reported in any period shown, so not listed: R&D Expenses.

WEN Balance Sheet

WEN quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$5.0B-1.6%	$5.0B-2.9%	$5.2B-5.8%	$5.5B+7.8%	$5.1B+1.2%	$5.0B+0.9%	$5.0B+16.4%	$4.3B+4.8%	$4.1B+4.0%	$3.9B-4.1%	$4.1B-0.7%	$4.1B-5.2%	$4.4B+1.4%	$4.3B+0.3%	$4.3B
Current Assets	$618.0M-16.0%	$736.1M-12.1%	$837.7M-20.8%	$1.1B+78.5%	$592.8M-13.8%	$687.6M+24.1%	$554.0M-16.8%	$665.7M+64.6%	$404.4M-10.6%	$452.5M-26.6%	$616.6M+9.7%	$562.1M-39.1%	$922.4M+29.9%	$709.8M-3.5%	$735.4M
Cash & Equivalents	$300.8M-33.2%	$450.5M-12.7%	$516.0M-30.8%	$745.9M+199.0%	$249.4M-18.7%	$307.0M+2.3%	$300.2M-30.4%	$431.4M+151.6%	$171.4M-13.5%	$198.2M-39.4%	$327.2M+22.4%	$267.3M-53.9%	$580.2M+28.0%	$453.4M-4.6%	$475.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$7.4M+13.1%	$6.5M-2.4%	$6.7M-6.2%	$7.1M+20.1%	$5.9M+25.4%	$4.7M+21.6%	$3.9M+5.5%	$3.7M+16.8%	$3.2M+10.7%	$2.9M-33.9%	$4.3M-37.2%	$6.9M-32.9%	$10.2M-25.9%	$13.8M+7.0%	$12.9M
Accounts Receivable	$105.0M+20.9%	$86.8M-17.1%	$104.8M+6.3%	$98.6M-2.9%	$101.5M+8.4%	$93.7M-6.8%	$100.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Investments	$25.2M-13.0%	$29.0M-15.8%	$34.4M-25.2%	$46.0M-7.7%	$49.9M+11.9%	$44.6M-3.0%	$45.9M-3.6%	$47.7M-14.9%	$56.0M-1.7%	$57.0M-2.4%	$58.4M-21.2%	$74.1M-11.0%	$83.2M-26.6%	$113.3M-5.0%	$119.3M
Goodwill	$774.1M+0.3%	$771.5M-0.3%	$773.7M+0.1%	$773.1M-0.3%	$775.3M+3.2%	$751.0M-0.6%	$755.9M+1.1%	$747.9M+0.6%	$743.3M+0.3%	$741.4M-3.8%	$770.8M-6.3%	$822.6M-2.4%	$842.5M-3.8%	$876.2M+0.7%	$870.4M
Total Liabilities	$4.8B+1.3%	$4.8B-2.0%	$4.9B-3.2%	$5.0B+7.9%	$4.7B+3.9%	$4.5B+0.3%	$4.5B+22.9%	$3.6B+3.4%	$3.5B+3.3%	$3.4B+1.7%	$3.4B+38.7%	$2.4B-0.6%	$2.4B+5.0%	$2.3B+1.1%	$2.3B
Current Liabilities	$351.1M-11.7%	$397.6M+4.1%	$381.9M-1.6%	$388.0M-9.1%	$426.9M+3.3%	$413.3M+18.2%	$349.7M+23.1%	$284.2M+25.1%	$227.2M-1.3%	$230.1M-14.4%	$268.8M-21.0%	$340.2M-2.7%	$349.5M+21.8%	$286.9M-14.8%	$336.7M
Non-Current Liabilities	$4.5B+2.5%	$4.4B-2.5%	$4.5B-3.3%	$4.6B+9.6%	$4.2B+3.9%	$4.1B-1.2%	$4.1B+22.9%	$3.4B+1.9%	$3.3B+3.6%	$3.2B+3.1%	$3.1B+48.4%	$2.1B-0.2%	$2.1B+2.6%	$2.0B+3.8%	$2.0B
Long-Term Debt	$2.7B+2.6%	$2.7B-2.6%	$2.7B-3.2%	$2.8B+19.8%	$2.4B+6.2%	$2.2B-1.7%	$2.3B-2.1%	$2.3B-15.4%	$2.7B+9.5%	$2.5B+3.5%	$2.4B+73.5%	$1.4B-2.8%	$1.4B-1.3%	$1.4B+7.0%	$1.4B
Total Equity	$117.4M-54.7%	$259.4M-16.3%	$309.8M-33.5%	$465.7M+6.7%	$436.4M-20.6%	$549.6M+6.4%	$516.4M-20.4%	$648.4M+13.1%	$573.2M+8.6%	$527.7M-29.9%	$752.9M-56.2%	$1.7B-11.0%	$1.9B-2.8%	$2.0B-0.5%	$2.0B
Retained Earnings	$435.1M+8.9%	$399.7M-2.5%	$409.9M-1.2%	$414.7M+20.5%	$344.2M+44.2%	$238.7M+28.5%	$185.7M+27.0%	$146.3M+189.6%	-$163.3M+43.9%	-$290.9M+18.4%	-$356.6M+20.0%	-$445.9M+9.4%	-$492.2M-5.4%	-$467.0M-7.4%	-$435.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$4.9B-0.2%	$4.9B+0.1%	$5.0B-1.6%	$5.0B-1.9%	$4.9B-3.8%	$4.9B-5.2%	$5.0B-4.8%	$5.1B-5.2%
Current Assets	$678.1M+12.9%	$652.3M+1.3%	$618.0M-16.0%	$640.9M-18.2%	$600.4M-24.0%	$644.2M-25.7%	$736.1M-20.5%	$783.2M-19.0%
Cash & Equivalents	$341.2M+21.3%	$298.7M-10.9%	$300.8M-33.2%	$291.4M-39.6%	$281.2M-39.6%	$335.3M-32.7%	$450.5M-24.7%	$482.2M-24.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$7.0M+11.4%	$6.6M+6.5%	$7.4M+13.1%	$6.9M+10.9%	$6.3M-1.0%	$6.2M+1.5%	$6.5M-4.2%	$6.3M-4.6%
Accounts Receivable	N/A	N/A	$105.0M+20.9%	N/A	N/A	N/A	$86.8M	N/A
Long-Term Investments	$23.0M-15.1%	$24.5M-8.5%	$25.2M-13.0%	$25.9M-18.6%	$27.1M-15.8%	$26.8M-19.4%	$29.0M-15.8%	$31.8M-11.5%
Goodwill	$773.1M0.0%	$773.7M+0.3%	$774.1M+0.3%	$774.8M+0.2%	$772.8M0.0%	$771.6M-0.2%	$771.5M-0.2%	$773.2M-0.1%
Total Liabilities	$4.8B-0.4%	$4.8B+0.4%	$4.8B+1.3%	$4.9B+1.1%	$4.8B-0.7%	$4.8B-2.2%	$4.8B-3.5%	$4.8B-3.0%
Current Liabilities	$357.5M-13.9%	$356.2M-17.8%	$351.1M-11.7%	$793.7M+112.8%	$415.2M+13.8%	$433.5M+1.9%	$397.6M-1.9%	$373.1M-4.3%
Non-Current Liabilities	$4.4B+0.9%	$4.5B+2.2%	$4.5B+2.5%	$4.1B-8.3%	$4.4B-1.9%	$4.4B-2.6%	$4.4B-3.6%	$4.4B-2.9%
Long-Term Debt	$2.7B+2.6%	$2.7B+2.6%	$2.7B+2.6%	$2.3B-15.4%	$2.7B-2.6%	$2.7B-2.6%	$2.7B-3.8%	$2.7B-2.3%
Total Equity	$120.5M+6.7%	$115.6M-11.3%	$117.4M-54.7%	$109.2M-58.0%	$112.9M-58.8%	$130.2M-55.6%	$259.4M-24.3%	$259.9M-33.6%
Retained Earnings	$437.1M+4.6%	$431.2M+10.7%	$435.1M+8.9%	$435.3M+7.9%	$417.8M+3.4%	$389.5M-2.7%	$399.7M-3.5%	$403.3M-1.3%

WEN Cash Flow Statement

WEN quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$358.5M	$344.5M-3.0%	$355.3M+2.9%	$345.4M+32.9%	$259.9M-24.8%	$345.8M+21.6%	$284.4M-1.6%	$288.9M+28.9%	$224.2M-6.1%	$238.8M+23.2%	$193.8M-29.3%	$274.3M+7.7%	$254.8M-22.8%	$329.8M+73.2%	$190.4M-22.8%	$246.7M
Depreciation & Amortization	N/A	$152.2M+6.3%	$143.2M+5.5%	$135.8M+1.8%	$133.4M+6.3%	$125.5M-5.4%	$132.8M+0.8%	$131.7M+2.2%	$128.9M+2.5%	$125.7M+1.1%	$124.3M-19.1%	$153.7M-3.8%	$159.9M-20.2%	$200.2M+29.9%	$154.2M+6.1%	$145.3M
Stock-Based Compensation	N/A	$14.6M-36.7%	$23.0M-3.1%	$23.7M-3.2%	$24.5M+11.4%	$22.0M+16.3%	$18.9M+1.4%	$18.7M+4.2%	$17.9M-14.4%	$20.9M+15.4%	$18.1M-21.9%	$23.2M-17.7%	$28.2M+44.0%	$19.6M+70.9%	$11.5M-32.5%	$17.0M
Capital Expenditures	$94.3M	$101.9M+8.0%	$94.4M+11.0%	$85.0M-0.6%	$85.5M+9.7%	$78.0M+13.1%	$69.0M-7.4%	$74.5M+6.6%	$69.9M-14.5%	$81.7M-45.5%	$150.0M-40.4%	$251.6M-15.7%	$298.5M+33.1%	$224.2M+13.5%	$197.6M+34.6%	$146.8M
Free Cash Flow	$264.2M	$242.6M-7.0%	$260.9M+0.2%	$260.4M+49.3%	$174.4M-34.9%	$267.8M+24.3%	$215.4M+0.4%	$214.5M+38.9%	$154.4M-1.7%	$157.1M+258.6%	$43.8M+93.0%	$22.7M+151.9%	-$43.7M-141.4%	$105.6M+1571.8%	-$7.2M-107.2%	$100.0M
Investing Cash Flow	-$136.3M	-$150.8M-16.6%	-$129.3M-49.4%	-$86.5M-11.3%	-$77.8M+49.7%	-$154.7M-126.6%	-$68.3M-24.2%	-$54.9M-115.1%	$362.9M+493.4%	-$92.2M-186.1%	$107.1M+202.7%	$35.4M+118.8%	-$187.8M-144.9%	-$76.7M+59.5%	-$189.4M-225.4%	-$58.2M
Financing Cash Flow	-$154.0M	-$344.0M-13.5%	-$303.1M+39.9%	-$504.3M-274.7%	$288.7M+218.9%	-$242.7M-53.7%	-$157.9M+56.8%	-$365.3M-19.5%	-$305.8M-41.7%	-$215.8M+47.6%	-$412.1M-73.5%	-$237.6M+36.6%	-$374.6M-204.8%	-$122.9M-409.3%	-$24.1M+89.3%	-$224.6M
Dividends Paid	$106.7M	$129.6M-36.6%	$204.4M-2.3%	$209.3M+96.0%	$106.8M+12.6%	$94.8M+46.2%	$64.9M-32.7%	$96.4M+19.7%	$80.5M+17.9%	$68.3M+7.0%	$63.8M-11.2%	$71.8M-4.4%	$75.1M+6.3%	$70.7M+81.0%	$39.0M+20.6%	$32.4M
Share Buybacks	$16.2M	$200.8M+159.5%	$77.4M-59.2%	$189.6M+264.9%	$52.0M-80.7%	$268.5M+331.9%	$62.2M-71.5%	$217.8M-19.3%	$269.8M+113.7%	$126.2M-62.5%	$337.0M-69.3%	$1.1B+264.8%	$301.2M+334.5%	$69.3M	$0-100.0%	$157.6M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$100.6M+66.0%	$59.4M-30.5%	$69.3M+1.0%	$129.3M-8.5%	$60.6M+33.2%	$85.4M-14.6%	$68.6M-46.4%	$141.2M+59.5%
Depreciation & Amortization	$38.1M+2.9%	$40.6M+11.0%	$40.3M+21.3%	$38.4M+3.8%	$37.0M-1.3%	$36.5M+2.9%	$33.2M-3.1%	$37.0M+10.4%
Stock-Based Compensation	N/A	$5.2M-5.9%	N/A	N/A	N/A	$5.6M-4.8%	N/A	N/A
Capital Expenditures	$19.6M-8.5%	$11.9M-32.8%	$37.9M-9.9%	$25.0M+39.7%	$21.4M+24.9%	$17.7M+1.9%	$42.0M+64.7%	$17.9M-0.2%
Free Cash Flow	$81.0M+106.5%	$47.5M-29.9%	$31.4M+18.0%	$104.3M-15.5%	$39.2M+38.3%	$67.7M-18.0%	$26.6M-74.0%	$123.3M+74.7%
Investing Cash Flow	-$24.1M+21.7%	-$13.7M+36.4%	-$50.3M+16.9%	-$48.3M-94.4%	-$30.8M-33.0%	-$21.5M-3.2%	-$60.5M-127.6%	-$24.8M-47.1%
Financing Cash Flow	-$42.2M+54.8%	-$40.5M+77.4%	-$14.4M+72.7%	-$56.9M+35.4%	-$93.4M-4.0%	-$179.3M-146.9%	-$52.5M+58.6%	-$88.2M+22.6%
Dividends Paid	$26.7M-0.5%	$26.6M-46.1%	$26.6M-47.8%	$26.7M-47.4%	$26.8M-47.7%	$49.4M-3.8%	$51.0M-2.2%	$50.8M-3.5%
Share Buybacks	$1.9M-97.0%	$0-100.0%	$0-100.0%	$14.3M-44.8%	$63.7M+136.5%	$122.8M+1583.1%	$17.3M-68.8%	$25.8M-48.6%

WEN Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WEN quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	63.6%-1.5pp	65.1%+1.6pp	63.6%+0.5pp	63.1%-4.7pp	67.8%+3.2pp	64.5%-0.5pp	65.0%-0.5pp	65.5%+7.8pp	57.7%+10.0pp	47.6%+10.9pp	36.7%+4.5pp	32.2%+5.7pp	26.5%+1.6pp	24.9%-0.4pp	25.3%
Operating Margin	15.8%-0.8pp	16.5%-1.0pp	17.5%+0.7pp	16.9%-2.5pp	19.3%+3.8pp	15.5%+0.2pp	15.4%-0.4pp	15.7%-1.8pp	17.5%-4.4pp	21.9%+7.2pp	14.7%+2.5pp	12.1%+6.4pp	5.8%+0.9pp	4.9%-0.7pp	5.6%
Net Margin	7.6%-1.1pp	8.6%-0.7pp	9.4%+0.9pp	8.5%-2.1pp	10.6%+3.8pp	6.8%-1.2pp	8.0%-20.9pp	28.9%+13.1pp	15.9%+6.8pp	9.0%+0.4pp	8.6%+2.5pp	6.1%+4.2pp	1.9%+1.6pp	0.3%-0.1pp	0.4%
Return on Equity	140.6%+65.7pp	74.9%+8.9pp	66.0%+27.9pp	38.1%-7.8pp	45.9%+24.5pp	21.4%-5.1pp	26.5%-44.4pp	71.0%+37.1pp	33.9%+9.3pp	24.6%+3.2pp	21.4%+14.3pp	7.1%+4.7pp	2.4%+2.0pp	0.4%-0.1pp	0.5%
Return on Assets	3.3%-0.5pp	3.9%-0.1pp	3.9%+0.7pp	3.2%-0.7pp	3.9%+1.6pp	2.3%-0.4pp	2.7%-8.0pp	10.7%+6.0pp	4.7%+1.4pp	3.3%-0.6pp	3.9%+1.0pp	2.9%+1.9pp	1.0%+0.9pp	0.2%-0.1pp	0.2%
Current Ratio	1.76-0.1x	1.85-0.3x	2.19-0.5x	2.73+1.3x	1.39-0.3x	1.66+0.1x	1.58-0.8x	2.34+0.6x	1.78-0.2x	1.97-0.3x	2.29+0.6x	1.65-1.0x	2.64+0.2x	2.47+0.3x	2.18
Debt-to-Equity	23.26+13.0x	10.26+1.4x	8.82+2.8x	6.06+0.7x	5.40+1.4x	4.04-0.3x	4.37+0.8x	3.56-1.2x	4.750.0x	4.71+1.5x	3.19+2.4x	0.81+0.1x	0.740.0x	0.73+0.1x	0.68
Asset Turnover	0.440.0x	0.450.0x	0.420.0x	0.380.0x	0.370.0x	0.340.0x	0.340.0x	0.37+0.1x	0.30-0.1x	0.36-0.1x	0.460.0x	0.48-0.1x	0.560.0x	0.580.0x	0.57
FCF Margin	11.2%-0.5pp	11.6%-0.3pp	11.9%+3.6pp	8.3%-5.8pp	14.1%+1.7pp	12.4%-0.1pp	12.6%+2.8pp	9.7%-3.1pp	12.8%+9.8pp	3.0%+1.8pp	1.2%+3.4pp	-2.2%-6.6pp	4.4%+4.7pp	-0.3%-4.4pp	4.1%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	63.7%-1.3pp	62.8%-1.2pp	62.6%-3.3pp	62.8%-2.7pp	65.0%0.0pp	64.0%0.0pp	65.9%+2.2pp	65.5%+1.3pp
Operating Margin	13.9%-4.7pp	12.0%-3.9pp	11.8%-4.9pp	16.8%0.0pp	18.6%+1.2pp	15.9%+0.7pp	16.7%-1.7pp	16.7%-2.7pp
Net Margin	5.7%-4.1pp	4.2%-3.3pp	4.9%-3.4pp	8.1%-0.8pp	9.8%+0.3pp	7.5%-0.4pp	8.3%-2.3pp	8.9%-1.8pp
Return on Equity	27.1%-21.8pp	19.7%-10.5pp	22.6%+4.2pp	40.5%+21.2pp	48.8%+28.9pp	30.1%+15.8pp	18.3%+1.4pp	19.3%+4.1pp
Return on Assets	0.7%-0.5pp	0.5%-0.3pp	0.5%-0.4pp	0.9%-0.1pp	1.1%+0.1pp	0.8%0.0pp	0.9%-0.2pp	1.0%-0.1pp
Current Ratio	1.90+0.5x	1.83+0.3x	1.76-0.1x	0.81-1.3x	1.45-0.7x	1.49-0.6x	1.85-0.4x	2.10-0.4x
Debt-to-Equity	22.57-0.9x	23.58+3.2x	23.26+13.0x	21.05+10.6x	23.48+13.5x	20.40+11.1x	10.26+2.2x	10.45+3.3x
Asset Turnover	0.120.0x	0.110.0x	0.110.0x	0.110.0x	0.110.0x	0.110.0x	0.110.0x	0.110.0x
FCF Margin	14.2%+7.2pp	8.8%-4.1pp	5.8%+1.1pp	19.0%-2.8pp	7.0%+2.0pp	12.9%-2.5pp	4.6%-14.0pp	21.8%+9.2pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
The Wendy's Company WEN	FY2025	$2.2B	$165.1M	7.6%	$1.2B	53/100
Papa John's International Inc PZZA	FY2025	$2.1B	$30.5M	1.5%	$647.6M	39/100
ARCOS DORADOS HOLDINGS INC. ARCO	FY2025	$4.7B	$212.1M	4.5%	$1.6B	46/100
SUPER HI INTERNATIONAL HOLDING LTD. HDL	FY2025	$686.4M	$25.3M	3.7%	$669.6M	39/100
Cracker Barrel Old Country Store, Inc,. CBRL	FY2026	$3.3B	$31.7M	1.0%	$1.3B	27/100
First Watch Restaurant Group, Inc. FWRG	FY2025	$1.2B	$19.4M	1.6%	$694.9M	39/100

Where The Wendy's Company Ranks

Frequently Asked Questions

What is The Wendy's Company's annual revenue?

The Wendy's Company (WEN) reported $2.2B in total revenue for fiscal year 2025. This represents a -3.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is The Wendy's Company's revenue growing?

The Wendy's Company (WEN) revenue declined by 3.1% year-over-year, from $2.2B to $2.2B in fiscal year 2025.

Is The Wendy's Company profitable?

Yes, The Wendy's Company (WEN) reported a net income of $165.1M in fiscal year 2025, with a net profit margin of 7.6%.

What is The Wendy's Company's EBITDA?

The Wendy's Company (WEN) had EBITDA of $495.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does The Wendy's Company have?

As of fiscal year 2025, The Wendy's Company (WEN) had $300.8M in cash and equivalents against $2.7B in long-term debt.

What is The Wendy's Company's gross margin?

The Wendy's Company (WEN) had a gross margin of 63.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is The Wendy's Company's operating margin?

The Wendy's Company (WEN) had an operating margin of 15.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is The Wendy's Company's net profit margin?

The Wendy's Company (WEN) had a net profit margin of 7.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does The Wendy's Company pay dividends?

Yes, The Wendy's Company (WEN) paid $0.67 per share in dividends during fiscal year 2025.

What is The Wendy's Company's return on equity (ROE)?

The Wendy's Company (WEN) has a return on equity of 140.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is The Wendy's Company's free cash flow?

The Wendy's Company (WEN) generated $242.6M in free cash flow during fiscal year 2025. This represents a -7.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is The Wendy's Company's operating cash flow?

The Wendy's Company (WEN) generated $344.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are The Wendy's Company's total assets?

The Wendy's Company (WEN) had $5.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are The Wendy's Company's capital expenditures?

The Wendy's Company (WEN) invested $101.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does The Wendy's Company buy back shares?

Yes, The Wendy's Company (WEN) spent $200.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does The Wendy's Company have outstanding?

The Wendy's Company (WEN) had 190M shares outstanding as of fiscal year 2025.

What is The Wendy's Company's current ratio?

The Wendy's Company (WEN) had a current ratio of 1.76 as of fiscal year 2025, which is generally considered healthy.

What is The Wendy's Company's debt-to-equity ratio?

The Wendy's Company (WEN) had a debt-to-equity ratio of 23.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is The Wendy's Company's return on assets (ROA)?

The Wendy's Company (WEN) had a return on assets of 3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is The Wendy's Company's P/E ratio?

The Wendy's Company (WEN) trades at 9.6x earnings, its market capitalization divided by net income of $126.1M net income, trailing 12 months to June 28, 2026. The market capitalization is $1.2B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is The Wendy's Company's price-to-sales ratio?

The Wendy's Company (WEN) trades at 0.5x sales, its market capitalization divided by revenue of $2.2B revenue, trailing 12 months to June 28, 2026. The market capitalization is $1.2B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is The Wendy's Company's Altman Z-Score?

The Wendy's Company (WEN) has an Altman Z-Score of 1.01, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is The Wendy's Company's Piotroski F-Score?

The Wendy's Company (WEN) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are The Wendy's Company's earnings high quality?

The Wendy's Company (WEN) has an earnings quality ratio of 2.09x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can The Wendy's Company cover its interest payments?

The Wendy's Company (WEN) has an interest coverage ratio of 2.72x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is The Wendy's Company?

The Wendy's Company (WEN) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.