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The Wendy's Company, together with its subsidiaries, engages in the operation, development, and franchising of a system of quick-service restaurants in the United States and internationally. The company operates through the Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. Its restaurants offer a menu that includes hamburger sandwiches and chicken sandwiches; chicken tenders and nuggets, chili, french fries, baked potatoes, salads, soft drinks, Frosty desserts, and kids' meals; breakfast menu, including the Breakfast Baconator sandwich and seasoned products; and a variety of promotional products on a limited time basis. The company also owns and leases real estate properties. As of December 28, 2025, there were 5,969 Wendy's restaurants in operation in the United States and 1,428 Wendy's restaurants in operation in 38 foreign countries and U.S. territories. The company was formerly known as Wendy's/Arby's Group, Inc. and changed its name to The Wendy's Company in July 2011. The Wendy's Company was founded in 1969 and is headquartered in Dublin, Ohio.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.2B | $525M | $165M | $243M | 140.6% | -3.1% | -15.1% |
| 2024 | $2.2B | $554M | $194M | $261M | 74.9% | 3.0% | -4.9% |
| 2023 | $2.2B | $552M | $204M | $260M | 66.0% | 4.1% | 15.3% |
| 2022 | $2.1B | $502M | $177M | $174M | 38.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 2,176.89 |
| Operating Revenue | 2,176.89 |
| Cost Of Revenue | 1,588.32 |
| Gross Profit | 588.57 |
| Operating Expense | 234.20 |
| Selling General And Administration | 85.40 |
| Total Expenses | 1,822.52 |
| Operating Income | 354.37 |
| Total Operating Income As Reported | 343.45 |
| EBITDA | 524.58 |
| Normalized EBITDA | 537.88 |
| EBIT | 353.71 |
| Interest Expense | 126.47 |
| Net Interest Income | -126.47 |
| Other Non Operating Income Expenses | 12.62 |
| Other Income Expense | -0.68 |
| Interest Expense Non Operating | 126.47 |
| Net Non Operating Interest Income Expense | -126.47 |
| Pretax Income | 227.25 |
| Tax Provision | 62.17 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -3.64 |
| Net Income Continuous Operations | 165.08 |
| Net Income From Continuing And Discontinued Operation | 165.08 |
| Net Income From Continuing Operation Net Minority Interest | 165.08 |
| Net Income | 165.08 |
| Net Income Common Stockholders | 165.08 |
| Net Income Including Noncontrolling Interests | 165.08 |
| Normalized Income | 174.73 |
| Diluted NI Availto Com Stockholders | 165.08 |
| Basic Average Shares | 193.41 |
| Diluted Average Shares | 194.03 |
| Reconciled Depreciation | 170.87 |
| Reconciled Cost Of Revenue | 1,588.32 |
| Total Unusual Items | -13.30 |
| Total Unusual Items Excluding Goodwill | -13.30 |
| Special Income Charges | -11.58 |
| Other Special Charges | 0.64 |
| Write Off | - |
| Impairment Of Capital Assets | 12.10 |
| Restructuring And Mergern Acquisition | -1.16 |
| Gain On Sale Of Security | -1.72 |
| Depreciation Amortization Depletion Income Statement | 170.87 |
| Depreciation And Amortization In Income Statement | 170.87 |
| General And Administrative Expense | 85.40 |
| Other Gand A | 71.20 |
| Salaries And Wages | 14.20 |
| Rent Expense Supplemental | 125.77 |
| Other Operating Expenses | -22.07 |
| Amortization | 18.65 |
| Amortization Of Intangibles Income Statement | 18.65 |
| Depreciation Income Statement | 152.22 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| The Wendy's Companythis co. | WEN | $1.3B | 7.79↓ discount | 10.95 | 140.6% | 9.78 |
| Winmark Corporation | WINA | $1.4B | 32.66 | - | -77.6% | 24.92 |
| Hyliion Holdings Corp. | HYLN | $1.4B | -23.76 | 7.08 | -29.8% | -22.68 |
| G-III Apparel Group, Ltd. | GIII | $1.4B | 20.07 | 0.77 | 3.8% | 8.77 |
| Dream Finders Homes, Inc. | DFH | $1.3B |
| - |
| - |
| - |
| - |
| - |
| 6.05 |
| 0.92 |
| 15.2% |
| 8.99 |
| Wolverine World Wide, Inc. | WWW | $1.3B | 13.63 | 3.20 | 23.5% | 10.33 |
| XPEL, Inc. | XPEL | $1.3B | 24.75 | 4.52 | 18.3% | 16.02 |
| National Vision Holdings, Inc. | EYE | $1.2B | 41.95 | 1.43 | 3.4% | 11.96 |
| O-I Glass, Inc. | OI | $1.2B | -9.54 | 0.95 | -10.0% | 7.10 |
| Peer Median | - | 16.85 | 1.43 | 3.6% | 9.66 | |