The Wendy's Company (WEN)

Nasdaq Consumer Discretionary Restaurants S&P SmallCap 600

$8.15

+0.21 (+2.64%)

Close of Nov 06, 2026 · end-of-day data

Source: The Wendy's Company's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2017	FY2018	FY2019	FY2021	FY2022	FY2023	FY2023	FY2024	FY2025
Revenue	$1.44B	$1.22B	$1.59B	$1.71B	$1.73B	$1.90B	$2.10B	$2.18B	$2.25B	$2.18B
Cost of revenue	$752.08M	$517.93M	$548.59M	$597.53M	$614.91M	$611.68M	$773.17M	$794.49M	$783.21M	$791.72M
Gross profit	$683.34M	$705.47M	$1.04B	$1.11B	$1.12B	$1.29B	$1.32B	$1.39B	$1.46B	$1.39B
Operating income	$314.78M	$214.76M	$249.89M	$262.58M	$269.31M	$366.96M	$353.31M	$381.98M	$371.36M	$343.45M
Interest expense	$114.80M	$118.06M	$119.62M	$115.97M	$117.74M	$109.19M	$122.32M	$124.06M	$123.88M	$126.47M
Pre-tax income	$201.69M	$101.02M	$574.92M	$171.48M	$152.79M	$240.58M	$243.50M	$279.42M	$272.41M	$227.25M
Income tax	$72.07M	-$93.01M	$114.80M	$34.54M	$34.96M	$40.19M	$66.14M	$74.98M	$78.06M	$62.17M
Net income	$129.62M	$194.03M	$460.12M	$136.94M	$117.83M	$200.39M	$177.37M	$204.44M	$194.36M	$165.07M
EBITDA	$439.08M	$340.44M	$378.77M	$394.27M	$402.08M	$492.50M	$486.73M	$517.77M	$514.59M	$495.67M
EPS (basic)	$0.49	$0.79	$1.93	$0.60	$0.53	$0.91	$0.83	$0.98	$0.95	$0.85
EPS (diluted)	$0.49	$0.77	$1.88	$0.58	$0.52	$0.89	$0.82	$0.97	$0.95	$0.85
Diluted shares	266.71M	252.29M	244.96M	235.07M	228.01M	224.41M	215.84M	211.53M	205.61M	194.03M
Gross margin	47.6%	57.7%	65.5%	65.0%	64.5%	67.8%	63.1%	63.6%	65.1%	63.6%
Operating margin	21.9%	17.6%	15.7%	15.4%	15.5%	19.3%	16.9%	17.5%	16.5%	15.8%
Net margin	9.0%	15.9%	28.9%	8.0%	6.8%	10.6%	8.5%	9.4%	8.7%	7.6%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2017	FY2018	FY2019	FY2021	FY2022	FY2023	FY2023	FY2024	FY2025
Cash & equivalents	$198.24M	$171.45M	$431.40M	$300.19M	$306.99M	$249.44M	$745.89M	$516.04M	$450.51M	$300.83M
Receivables	—	—	—	$100.54M	$93.66M	$101.52M	$98.56M	$104.80M	$86.84M	$104.96M
Inventory	$2.85M	$3.16M	$3.69M	$3.89M	$4.73M	$5.93M	$7.13M	$6.69M	$6.53M	$7.39M
Total current assets	$452.53M	$404.35M	$665.72M	$554.05M	$687.62M	$592.85M	$1.06B	$837.65M	$736.14M	$618.04M
Goodwill	$741.41M	$743.33M	$747.88M	$755.91M	$751.05M	$775.28M	$773.09M	$773.73M	$771.47M	$774.09M
Total assets	$3.94B	$4.10B	$4.29B	$4.99B	$5.04B	$5.10B	$5.50B	$5.18B	$5.03B	$4.96B
Total current liabilities	$230.08M	$227.16M	$284.19M	$349.70M	$413.31M	$426.93M	$388.00M	$381.93M	$397.63M	$351.10M
Short-term debt	$24.65M	$30.17M	$23.25M	$22.75M	$28.96M	$24.25M	$29.25M	$29.25M	$78.16M	$29.75M
Long-term debt	$2.49B	$2.72B	$2.31B	$2.26B	$2.22B	$2.36B	$2.82B	$2.73B	$2.66B	$2.73B
Total debt	$2.51B	$2.75B	$2.33B	$2.28B	$2.25B	$2.38B	$2.85B	$2.76B	$2.74B	$2.76B
Total liabilities	$3.41B	$3.52B	$3.64B	$4.48B	$4.49B	$4.66B	$5.03B	$4.87B	$4.78B	$4.84B
Shareholders' equity	$527.74M	$573.20M	$648.45M	$516.36M	$549.60M	$436.40M	$465.72M	$309.78M	$259.35M	$117.38M

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2017	FY2018	FY2019	FY2021	FY2022	FY2023	FY2023	FY2024	FY2025
Operating cash flow	$193.82M	$238.79M	$224.23M	$288.93M	$284.36M	$345.77M	$259.90M	$345.42M	$355.31M	$344.54M
Capital expenditures	$150.02M	$81.71M	$69.86M	$74.45M	$68.97M	$77.98M	$85.54M	$85.02M	$94.39M	$101.93M
Free cash flow	$43.80M	$157.08M	$154.37M	$214.48M	$215.39M	$267.79M	$174.36M	$260.39M	$260.92M	$242.62M
Investing cash flow	$107.08M	-$92.25M	$362.91M	-$54.93M	-$68.25M	-$154.67M	-$77.78M	-$86.55M	-$129.31M	-$150.83M
Financing cash flow	-$412.06M	-$215.80M	-$305.76M	-$365.30M	-$157.91M	-$242.74M	$288.67M	-$504.30M	-$303.10M	-$343.99M
Dividends paid	$63.83M	$68.32M	$80.53M	$96.36M	$64.87M	$94.85M	$106.78M	$209.25M	$204.44M	$129.59M
Share buybacks	$336.96M	$126.23M	$269.81M	$217.80M	$62.17M	$268.53M	$51.95M	$189.55M	$77.38M	$200.77M
Stock-based compensation	$18.14M	$20.93M	$17.92M	$18.68M	$18.93M	$22.02M	$24.54M	$23.75M	$23.02M	$14.57M
Depreciation & amortization	$124.30M	$125.69M	$128.88M	$131.69M	$132.78M	$125.54M	$133.41M	$135.79M	$143.23M	$152.22M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$540.65M	$534.75M	$570.73M	$566.74M	$574.27M	$523.47M	$560.93M	$549.52M	$542.97M	$540.64M	$570.57M	$546.99M
Cost of revenue	$197.43M	$192.11M	$199.89M	$195.64M	$195.57M	$188.17M	$196.52M	$204.26M	$202.78M	$201.05M	$207.28M	$208.26M
Gross profit	$343.23M	$342.64M	$370.84M	$371.10M	$378.70M	$335.30M	$364.41M	$345.26M	$340.20M	$339.59M	$363.30M	$338.73M
Operating income	$86.63M	$81.16M	$99.51M	$94.67M	$96.02M	$83.13M	$104.26M	$92.05M	$64.02M	$64.92M	$79.28M	$55.81M
Interest expense	$30.26M	$30.54M	$31.00M	$31.27M	$31.08M	$31.48M	$30.95M	$31.54M	$32.50M	$34.11M	$33.85M	$33.58M
Pre-tax income	$67.29M	$57.46M	$74.82M	$69.65M	$70.48M	$54.92M	$75.90M	$63.24M	$33.19M	$34.16M	$48.57M	$25.43M
Income tax	$20.35M	$15.46M	$20.18M	$19.43M	$22.98M	$15.69M	$20.79M	$18.98M	$6.71M	$11.45M	$15.95M	$10.34M
Net income	$46.94M	$41.99M	$54.64M	$50.22M	$47.50M	$39.23M	$55.11M	$44.25M	$26.48M	$22.71M	$32.62M	$15.09M
EBITDA	$121.16M	$116.67M	$137.00M	$131.67M	$129.25M	$119.67M	$141.25M	$130.44M	$104.31M	$105.50M	$117.34M	$95.71M
EPS (basic)	$0.23	$0.20	$0.27	$0.25	$0.23	$0.20	$0.29	$0.23	$0.14	$0.12	$0.17	$0.08
EPS (diluted)	$0.23	$0.20	$0.27	$0.25	$0.24	$0.19	$0.29	$0.23	$0.14	$0.12	$0.17	$0.08
Diluted shares	-1.32M	206.97M	206.19M	204.25M	-189.00K	201.62M	192.71M	191.25M	-1.16M	190.90M	191.21M	191.80M
Gross margin	63.5%	64.1%	65.0%	65.5%	65.9%	64.1%	65.0%	62.8%	62.7%	62.8%	63.7%	61.9%
Operating margin	16.0%	15.2%	17.4%	16.7%	16.7%	15.9%	18.6%	16.8%	11.8%	12.0%	13.9%	10.2%
Net margin	8.7%	7.9%	9.6%	8.9%	8.3%	7.5%	9.8%	8.1%	4.9%	4.2%	5.7%	2.8%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$516.04M	$498.33M	$465.49M	$482.22M	$450.51M	$335.26M	$281.23M	$291.41M	$300.83M	$298.74M	$341.21M	$373.70M
Receivables	$104.80M	—	—	—	$86.84M	—	—	—	$104.96M	—	—	$91.20M
Inventory	$6.69M	$6.11M	$6.38M	$6.25M	$6.53M	$6.20M	$6.31M	$6.93M	$7.39M	$6.60M	$7.04M	$6.57M
Total current assets	$837.65M	$867.53M	$790.56M	$783.21M	$736.14M	$644.20M	$600.45M	$640.86M	$618.04M	$652.26M	$678.10M	$693.11M
Goodwill	$773.73M	$773.08M	$772.79M	$773.19M	$771.47M	$771.64M	$772.83M	$774.78M	$774.09M	$773.71M	$773.12M	$773.19M
Total assets	$5.18B	$5.19B	$5.09B	$5.07B	$5.03B	$4.92B	$4.89B	$4.98B	$4.96B	$4.92B	$4.88B	$4.86B
Total current liabilities	$381.93M	$425.45M	$364.86M	$373.07M	$397.63M	$433.50M	$415.22M	$793.73M	$351.10M	$356.16M	$357.47M	$367.04M
Short-term debt	$29.25M	$29.25M	$29.25M	$29.25M	$78.16M	$78.33M	$78.50M	$425.34M	$29.75M	$29.75M	$29.75M	$29.75M
Long-term debt	$2.73B	$2.73B	$2.72B	$2.72B	$2.66B	$2.66B	$2.65B	$2.30B	$2.73B	$2.72B	$2.72B	$2.71B
Total debt	$2.76B	$2.76B	$2.75B	$2.75B	$2.74B	$2.73B	$2.73B	$2.72B	$2.76B	$2.75B	$2.75B	$2.74B
Total liabilities	$4.87B	$4.90B	$4.81B	$4.81B	$4.78B	$4.79B	$4.78B	$4.87B	$4.84B	$4.81B	$4.76B	$4.74B
Shareholders' equity	$309.78M	$293.65M	$273.75M	$259.85M	$259.35M	$130.24M	$112.89M	$109.19M	$117.38M	$115.55M	$120.47M	$124.45M

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$75.89M	$99.99M	$45.48M	$141.22M	$68.63M	$85.42M	$60.59M	$129.25M	$69.28M	$59.39M	$100.57M	$78.99M
Capital expenditures	$29.33M	$17.35M	$17.11M	$17.90M	$42.03M	$17.68M	$21.37M	$24.99M	$37.88M	$11.88M	$19.56M	$17.29M
Free cash flow	$46.56M	$82.63M	$28.36M	$123.32M	$26.60M	$67.74M	$39.22M	$104.26M	$31.40M	$47.51M	$81.01M	$61.71M
Investing cash flow	-$31.02M	-$20.81M	-$23.14M	-$24.84M	-$60.51M	-$21.49M	-$30.78M	-$48.30M	-$50.27M	-$13.66M	-$24.11M	-$12.18M
Financing cash flow	-$131.08M	-$72.63M	-$89.75M	-$88.19M	-$52.53M	-$179.32M	-$93.37M	-$56.95M	-$14.35M	-$40.48M	-$42.19M	-$29.64M
Dividends paid	$51.38M	$51.37M	$51.25M	$50.78M	$51.03M	$49.43M	$26.81M	$26.71M	$26.63M	$26.65M	$26.67M	$13.37M
Share buybacks	$47.14M	$7.29M	$26.95M	$25.81M	$17.32M	$122.78M	$63.73M	$14.25M	$0	$0	$1.92M	$0
Stock-based compensation	$6.98M	$5.85M	$5.82M	$6.81M	$4.53M	$5.57M	$5.13M	-$934.00K	$4.80M	$5.25M	$2.94M	$3.56M
Depreciation & amortization	$34.53M	$35.52M	$37.49M	$37.00M	$33.23M	$36.55M	$36.99M	$38.39M	$40.29M	$40.58M	$38.06M	$39.91M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.