15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 5.9% per year over the past 5 years.
Net income has grown faster than revenue (8.8% vs 5.9% per year).
Operating margin has been roughly flat, at 15.8% in the latest year.
Free cash flow has grown 3.0% per year over the past 5 years.
Financial health
Total debt ($2.8B) exceeds cash ($301M); net debt is $2.5B.
Total debt has grown in line with revenue (5.3% vs 5.9% per year).
Operating income covered interest expense 2.7× in the latest year.
Total debt is 5.6× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 78.5% of earnings and 53.4% of free cash flow.
The dividend has grown 18.9% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$2.2B
$165M
63.6%
15.8%
$243M
$2.8B
$301M
2024
$2.2B
$194M
65.1%
16.5%
$261M
$2.7B
$451M
2023
$2.2B
$204M
63.6%
17.5%
$260M
$2.8B
$516M
2023
$2.1B
$177M
63.1%
16.9%
$174M
$2.9B
$746M
2022
$1.9B
$200M
67.8%
19.3%
$268M
$2.4B
$249M
2021
$1.7B
$118M
64.5%
15.5%
$215M
$2.2B
$307M
2019
$1.7B
$137M
65.0%
15.4%
$214M
$2.3B
$300M
2018
$1.6B
$460M
65.5%
15.7%
$154M
$2.3B
$431M
2017
$1.2B
$194M
57.7%
17.6%
$157M
—
$171M
2017
$1.4B
$130M
0.0%
21.9%
$44M
—
$198M
2016
$1.9B
$161M
0.0%
14.7%
$23M
—
$327M
2014
$2.0B
$121M
0.0%
12.1%
-$44M
—
$267M
2013
$2.4B
$45M
0.0%
5.7%
$106M
—
$580M
2012
$2.5B
$7M
0.0%
4.9%
-$7M
—
$453M
2012
$2.4B
$10M
0.0%
5.6%
$100M
$1.4B
$475M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$541M
$23M
62.8%
12.0%
$48M
$2.8B
$299M
Dec '25
$543M
$26M
62.7%
11.8%
$31M
$2.8B
$301M
Sep '25
$550M
$44M
62.8%
16.8%
$104M
$2.7B
$291M
Jun '25
$561M
$55M
65.0%
18.6%
$39M
$2.7B
$281M
Mar '25
$523M
$39M
64.1%
15.9%
$68M
$2.7B
$335M
Dec '24
$574M
$47M
65.9%
16.7%
$27M
$2.7B
$451M
Sep '24
$567M
$50M
65.5%
16.7%
$123M
$2.7B
$482M
Jun '24
$571M
$55M
65.0%
17.4%
$28M
$2.8B
$465M
Mar '24
$535M
$42M
64.1%
15.2%
$83M
$2.8B
$498M
Dec '23
$541M
$47M
63.5%
16.0%
$47M
$2.8B
$516M
Oct '23
$551M
$58M
63.8%
18.5%
$102M
$2.8B
$598M
Jul '23
$562M
$60M
64.2%
19.5%
$71M
$2.8B
$635M
Apr '23
$529M
$40M
62.8%
16.0%
$41M
$2.8B
$676M
Jan '23
$537M
$41M
63.7%
15.7%
$42M
$2.9B
$746M
Oct '22
$533M
$51M
63.2%
18.4%
$65M
$2.9B
$732M
Jul '22
$538M
$48M
63.3%
17.9%
$59M
$2.9B
$701M
Apr '22
$489M
$37M
62.1%
15.3%
$8M
$2.9B
$741M
Jan '22
$473M
$52M
67.4%
16.3%
$35M
$2.4B
$249M
Oct '21
$470M
$41M
68.9%
17.1%
$99M
$2.4B
$572M
Jul '21
$493M
$66M
68.8%
25.7%
$59M
$2.4B
$568M
Valuation over time
How the market has priced WEN against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 23.4× (Mar '23) to 8.4× (Jun '26).
The price-to-sales ratio has fallen from 2.0× (Mar '23) to 0.6× (Jun '26).
The dividend yield has risen from 2.6% (Mar '23) to 9.3% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is WEN growing its revenue and profit?
Over the past 5 years, Wendy'S Co's revenue has grown 5.9% per year, and net income grown 8.8% per year. These are computed facts, not advice.
How much debt does WEN have?
As of FY2025, Wendy'S Co reported $2.8B of total debt against $301M of cash; operating income covered interest expense 2.7×.
What is WEN's profit margin?
In FY2025, gross margin was 63.6%, operating margin 15.8%, and net margin 7.6%.
What is WEN's P/E ratio?
As of Jun '26, Wendy'S Co traded at a price-to-earnings ratio of about 8.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.