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NASDAQ · RETAIL-EATING & DRINKING PLACES · LARGE CAP

Wendy's Co. WEN

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.2B
▼ 3.1% YoY
$165.1M
▼ 15.1% YoY
$242.6M
▼ 7.0% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Wendy's is engaged in the business of operating, developing and franchising a system of quick-service restaurants serving food. As of December 28, 2025, it had 7,397 restaurants in the U.S. and 38 foreign countries and U.S. territories. As of December 28, 2025, the Company was comprised of approximately 14,900 employees, of which approximately one-third were full-time and two-thirds were part-time. The Company is comprised of three segments: Wendy's U.S., Wendy's International and Global Real Estate & Development. Wendy's U.S. includes the operation and franchising of Wendy's restaurants in the U.S. and derives its revenues from sales at Company-operated restaurants and royalties, franchise fees and national advertising fund collections from franchised restaurants. Wendy's International includes the operation and franchising of Wendy's restaurants in countries and territories other than the U.S. and derives its revenues from sales at Company-operated restaurants and royalties, fees and advertising fund collections from franchised restaurants. Global Real Estate & Development includes real estate activity for owned sites and sites leased from third parties, which are leased and/or subleased to franchisees, and includes the Company's share of the income of its Canadian restaurant real estate joint venture, TimWen. The Wendy's Company's corporate predecessor was incorporated in Ohio in 1929 and was reincorporated in Delaware in June 1994.

Written from the business description in The Wendy's Company's annual report to the U.S. Securities and Exchange Commission, filed 23 February 2026. Every sentence was checked against that document before publication.

Growth

USD 2.2B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.2 · Net income 0.2
1.0B2.0B-0.2B-0.4B
2008201120142017202020232025
Compound annual growth
+1.3%
+4.7%
+1.5%
−0.6%
−2.4%
+7.0%
+0.2%
+1.2%
+10.3%
+5.7%
+10.2%
+18.2%
+11.5%
+16.3%
+28.8%
+25.9%
−11.7%
+3.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.7% a year over the five years to FY2025 — but profit grew faster: net income at +7.0%, earnings per share at +10.3%.

The share count fell from 0.22B to 0.19B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

8 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 15.8% · Net 7.6%
10%20%-10%-20%
200820162025
ROE
FY2025 · ROE 87.6%
50%
200820162025
Three returns, three denominators.

Each USD of equity produced 88 cents of profit this year.

Cash & shareholders

USD 328.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 242.6
100M200M-20M-40M
200820162025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.1 · Net buybacks 0.2
0.5B1.0BDividendsNet buybacks
2008201120142017202020232025

USD 129.6M in dividends and USD 198.8M in buybacks — 199% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 5.0B
EquityUSD 117.4M
CashUSD 300.8M
Gross debtUSD 2.8B
Net debtUSD 2.5B
Current ratio1.76×

Net debt stands at 2095% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
WEN, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B2.22.22.22.11.91.71.71.61.21.41.92.02.42.52.42.42.41.8
Operating income $B0.30.40.40.40.40.30.30.20.20.30.30.20.10.10.10.20.1−0.4
EBITDA $B0.50.50.50.50.50.40.40.40.30.40.40.40.30.30.30.30.2−0.3
Income tax $B0.10.10.10.10.00.00.00.1−0.10.10.10.10.0−0.00.0−0.0−0.0−0.1
Net income $B0.20.20.20.20.20.10.10.50.20.10.20.10.00.00.0−0.00.0−0.5
Free cash flow $B0.20.30.30.20.30.20.20.20.20.00.0−0.00.1−0.00.10.10.2−0.0
EPS, diluted $0.850.950.970.820.890.520.581.880.770.490.490.320.110.020.02−0.010.01◌
Dividend / sh $0.671.001.000.500.430.290.420.340.280.240.230.200.180.100.080.070.060.26
Payout %79105102604755701835494562155551328−639◌◌
ROE %87.668.352.739.340.622.123.575.335.220.213.06.72.30.40.5−0.2◌◌
Shares out B0.190.200.210.210.220.220.220.230.240.250.27◌◌◌◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 69 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. Two checks were skipped: EPS is not tagged before 2009. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityRetail-Eating & Drinking Places
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsJanuary 3
Data on record since2008

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