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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$2.2B
$165M
63.6%
15.8%
140.6%
3.3%
$243M
$2.8B
$301M
2024
$2.2B
$194M
65.1%
16.5%
74.9%
3.9%
$261M
$2.7B
$451M
2023
$2.2B
$204M
63.6%
17.5%
66.0%
3.9%
$260M
$2.8B
$516M
2023
$2.1B
$177M
63.1%
16.9%
38.1%
3.2%
$174M
$2.9B
$746M
2022
$1.9B
$200M
67.8%
19.3%
45.9%
3.9%
$268M
$2.4B
$249M
2021
$1.7B
$118M
64.5%
15.5%
21.4%
2.3%
$215M
$2.2B
$307M
2019
$1.7B
$137M
65.0%
15.4%
26.5%
2.7%
$214M
$2.3B
$300M
2018
$1.6B
$460M
65.5%
15.7%
71.0%
10.7%
$154M
$2.3B
$431M
2017
$1.2B
$194M
57.7%
17.6%
33.8%
4.7%
$157M
—
$171M
2017
$1.4B
$130M
0.0%
21.9%
24.6%
3.3%
$44M
—
$198M
2016
$1.9B
$161M
0.0%
14.7%
21.4%
3.9%
$23M
—
$327M
2014
$2.0B
$121M
0.0%
12.1%
7.1%
2.9%
-$44M
—
$267M
2013
$2.4B
$45M
0.0%
5.7%
2.4%
1.0%
$106M
—
$580M
2012
$2.5B
$7M
0.0%
4.9%
0.4%
0.2%
-$7M
—
$453M
2012
$2.4B
$10M
0.0%
5.6%
—
0.2%
$100M
$1.4B
$475M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$571M
$33M
63.7%
13.9%
27.1%
0.7%
$81M
$2.7B
$341M
Mar '26
$541M
$23M
62.8%
12.0%
19.7%
0.5%
$48M
$2.8B
$299M
Dec '25
$543M
$26M
62.7%
11.8%
22.6%
0.5%
$31M
$2.8B
$301M
Sep '25
$550M
$44M
62.8%
16.8%
40.5%
0.9%
$104M
$2.7B
$291M
Jun '25
$561M
$55M
65.0%
18.6%
48.8%
1.1%
$39M
$2.7B
$281M
Mar '25
$523M
$39M
64.1%
15.9%
30.1%
0.8%
$68M
$2.7B
$335M
Dec '24
$574M
$47M
65.9%
16.7%
18.3%
0.9%
$27M
$2.7B
$451M
Sep '24
$567M
$50M
65.5%
16.7%
19.3%
1.0%
$123M
$2.7B
$482M
Jun '24
$571M
$55M
65.0%
17.4%
20.0%
1.1%
$28M
$2.8B
$465M
Mar '24
$535M
$42M
64.1%
15.2%
14.3%
0.8%
$83M
$2.8B
$498M
Dec '23
$541M
$47M
63.5%
16.0%
15.2%
0.9%
$47M
$2.8B
$516M
Oct '23
$551M
$58M
63.8%
18.5%
16.9%
1.1%
$102M
$2.8B
$598M
Jul '23
$562M
$60M
64.2%
19.5%
15.2%
1.1%
$71M
$2.8B
$635M
Apr '23
$529M
$40M
62.8%
16.0%
9.5%
0.7%
$41M
$2.8B
$676M
Jan '23
$537M
$41M
63.7%
15.7%
8.9%
0.8%
$42M
$2.9B
$746M
Oct '22
$533M
$51M
63.2%
18.4%
11.6%
0.9%
$65M
$2.9B
$732M
Jul '22
$538M
$48M
63.3%
17.9%
11.4%
0.9%
$59M
$2.9B
$701M
Apr '22
$489M
$37M
62.1%
15.3%
8.2%
0.7%
$8M
$2.9B
$741M
Jan '22
$473M
$52M
67.4%
16.3%
11.9%
1.0%
$35M
$2.4B
$249M
Oct '21
$470M
$41M
68.9%
17.1%
7.6%
0.8%
$99M
$2.4B
$572M
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× (Nov '26).
The price-to-sales ratio has fallen from 2.0× (Mar '23) to 0.6× (Nov '26).
The dividend yield has risen from 2.6% (Mar '23) to 9.4% (Nov '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?
Wendy'S Co's P/E (TTM) is 10.98 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the WEN stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 8.4× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.