Tearsheet

Wendy's (WEN)

Market Price (9/17/2025): $9.59 | Market Cap: $1.8 Bil
Sector: Consumer Discretionary | Industry: Restaurants

Wendy's (WEN)

Market Price (9/17/2025): $9.59
Market Cap: $1.8 Bil
Sector: Consumer Discretionary
Industry: Restaurants

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 20%, Dividend Yield is 9.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16%, FCF Yield is 14%	Weak multi-year price returns 2Y Excs Rtn is -94%, 3Y Excs Rtn is -108%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 207%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%	Weak revenue growth Rev Chg QQuarterly Revenue Change % is -1.7%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -33%
3	Low stock price volatility Vol 12M is 32%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 20%, Dividend Yield is 9.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16%, FCF Yield is 14%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -33%
3	Low stock price volatility Vol 12M is 32%
4	Weak multi-year price returns 2Y Excs Rtn is -94%, 3Y Excs Rtn is -108%
5	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
6	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 207%
7	Weak revenue growth Rev Chg QQuarterly Revenue Change % is -1.7%

Market Valuation

	9/17/25	2024	2023	2022	2021
Share Price CYE	$9.59	$15.63	$17.65	$19.54	$20.09
Market Cap CYE ($ Bil)	1.8	3.2	3.6	4.2	4.5
Total Debt ($ Bil)	4.1	4.1	4.1	4.3	3.9
Total Cash ($ Bil)	0.3	0.5	0.5	0.7	0.2
Enterprise Value ($ Bil)	5.6	7.3	7.7	8.5	8.4
Valuation Ratios
P/S TTM	0.8	1.5	1.9	2.3	2.6
P/EBIT TTM	4.7	8.4	10.1	13.2	14.3
P/E TTM	9.6	17.1	20.0	27.3	24.9
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.3
P/EBIT TTM (Sector)	7.2	6.9	7.0	5.5	7.4
P/E TTM (Sector)	9.7	8.1	8.9	7.3	9.2

	9/17/25	2024	2023
Share Price CYE	$9.59	$15.63	$17.65
Market Cap CYE ($ Bil)	1.8	3.2	3.6
Total Debt ($ Bil)	4.1	4.1	4.1
Total Cash ($ Bil)	0.3	0.5	0.5
Enterprise Value ($ Bil)	5.6	7.3	7.7
Valuation Ratios
P/S TTM	0.8	1.5	1.9
P/EBIT TTM	4.7	8.4	10.1
P/E TTM	9.6	17.1	20.0
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.2	6.9	7.0
P/E TTM (Sector)	9.7	8.1	8.9

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company. It operates through three segments: Wendy's U.S., Wendy's International, and Global Real Estate & Development. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
WEN Return	0%	11%	-3%	-10%	-11%	-39%	-47%
Peers Return	31%	16%	-16%	32%	22%	-9%	86%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: MCD, CMG, SHAK, SBUX, YUM. See WEN Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)

Better Bets than Wendy's (WEN)

	WEN	Better Performance than WEN
Metric	Value	Industry (Restaurants)
Rev Chg LTM	1.3%	CMG (8.6%), YUM (11.3%), DRI (6.0%), QSR (21.8%), YUMC (3.5%)
Rev Chg 3Y Avg	4.2%	SBUX (4.7%), CMG (12.5%), YUM (5.9%), DRI (7.8%), QSR (14.2%)
Op Mgn LTM	17.5%	MCD (46.1%), YUM (30.8%), QSR (25.8%), DPZ (18.9%), WING (25.5%)
CFO/Rev LTM	16.0%	MCD (37.6%), CMG (18.1%), YUM (23.2%), QSR (17.4%), BROS (18.8%)
FCF/Rev LTM	11.5%	MCD (26.5%), CMG (12.7%), YUM (19.4%), QSR (14.9%), DPZ (12.8%)
Total Yield	20.2%	DIN (21.7%)

	WEN	Better Performance than WEN
Metric	Value	Sector (Consumer Discretionary)
Rev Chg LTM	1.3%	AMZN (10.9%), HD (8.5%), BABA (5.3%), TM (4.5%), BKNG (11.7%)
Rev Chg 3Y Avg	4.2%	AMZN (11.3%), TSLA (12.9%), BABA (5.5%), TM (15.2%), BKNG (19.9%)
Op Mgn LTM	17.5%	MCD (46.1%), BKNG (32.8%), ORLY (19.2%), RCL (26.4%), RACE (28.9%)
CFO/Rev LTM	16.0%	AMZN (18.1%), TSLA (17.0%), MCD (37.6%), BKNG (38.3%), MELI (35.2%)
FCF/Rev LTM	11.5%	BABA (15.0%), MCD (26.5%), BKNG (36.9%), MELI (30.6%), DASH (14.4%)
Total Yield	20.2%	BABA (38.9%), TM (2104.3%), HMC (1990.4%), CYD (34.3%), AFYA (48.0%)

	WEN	Better Performance than WEN
Metric	Value	All Other Sectors
Rev Chg LTM	1.3%	NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), META (19.4%)
Rev Chg 3Y Avg	4.2%	NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), META (13.0%), AVGO (24.0%)
Op Mgn LTM	17.5%	NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM	16.0%	NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM	11.5%	NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield	20.2%	BIDU (66.2%), JBS (77.9%), ERIC (65.2%), BAP (28.9%), GFL (21.3%)

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Wendy's Earnings Notes
2	Wendy's (WEN) Debt Comparison	Financials
3	Wendy's (WEN) Operating Cash Flow Comparison	Financials
4	Wendy's (WEN) Net Income Comparison	Financials
5	Wendy's (WEN) EBITDA Comparison	Financials
6	Wendy's (WEN) Tax Expense Comparison	Financials
7	Wendy's (WEN) Operating Income Comparison	Financials
8	Wendy's (WEN) Revenue Comparison	Financials
9	WEN Dip Buy Analysis
10	Wendy's Total Shareholder Return (TSR): -0.2% in 2024 and -1.3% 3-yr compounded annual returns (below peer average)
11	ARTICLES
12	Big Decline for ACI, but Do WEN’s Margins and Growth Give It the Edge?		July 16th, 2025

	Title
0	DASHBOARDS
1	Big Decline for ACI, but Do WEN’s Margins and Growth Give It the Edge?
2	ARTICLES
3	Wendy's Earnings Notes
4	Wendy's (WEN) Debt Comparison
5	Wendy's (WEN) Operating Cash Flow Comparison
6	Wendy's (WEN) Net Income Comparison
7	Wendy's (WEN) EBITDA Comparison
8	Wendy's (WEN) Tax Expense Comparison
9	Wendy's (WEN) Operating Income Comparison
10	Wendy's (WEN) Revenue Comparison
11	WEN Dip Buy Analysis
12	Wendy's Total Shareholder Return (TSR): -0.2% in 2024 and -1.3% 3-yr compounded annual returns (below peer average)

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FGI	FGI Industries	139.3%	145.2%
2	CODX	Co-Diagnostics	80.8%	-14.8%
3	CNFR	Conifer	55.5%	50.4%
4	BGI	Birks	55.4%	-18.1%
5	FLUX	Flux Power	52.2%	99.4%
6	BOXL	Boxlight	45.7%	32.1%
7	LVRO	Lavoro	45.5%	-57.4%
8	NFE	New Fortress Energy	44.9%	-86.8%
9	WBTN	Webtoon Entertainment	39.0%	53.2%
10	HCWC	Healthy Choice Wellness	37.5%	-34.7%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	REX	REX American Resources	-50.1%	46.1%
2	XAGE	Longevity Health	-39.3%	-86.1%
3	BNGO	Bionano Genomics	-35.7%	-89.7%
4	IHT	InnSuites Hospitality Trust	-30.7%	7.3%
5	LUD	Luda Technology	-28.6%
6	NAOV	NanoVibronix	-28.5%	-88.2%
7	GDC	GD Culture	-28.2%	269.8%
8	ASST	Strive	-28.0%	813.4%
9	BIAF	bioAffinity Technologies	-25.5%	-71.3%
10	FAAS	DigiAsia	-23.9%	-87.2%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	BDSX	Biodesix	1313.2%	-78.6%
2	CLSD	Clearside Biomedical	954.0%	-74.9%
3	SDOT	Sadot	624.1%	-79.4%
4	WLDS	Wearable Devices	498.0%	-30.0%
5	CHEK	Check-Cap	285.6%	154.6%
6	ATCH	AtlasClear	275.9%	-91.0%
7	HSDT	Helius Medical Technologies	262.5%	-95.6%
8	OPI	Office Properties Income Trust	261.7%	-13.4%
9	FGI	FGI Industries	156.8%	145.2%
10	AIRE	ReAlpha Tech	154.0%	-56.1%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NAKA	Kindly MD	-81.4%
2	ATYR	aTyr Pharma	-79.7%	-70.2%
3	LGCL	Lucas GC	-73.6%	-77.1%
4	EPSM	Epsium Enterprise	-70.1%
5	BNGO	Bionano Genomics	-59.4%	-89.7%
6	FAAS	DigiAsia	-58.5%	-87.2%
7	QMMM	QMMM	-57.5%	6775.0%
8	VCIG	VCI Global	-56.9%	-99.1%
9	YYGH	YY	-56.6%	-78.5%
10	XAGE	Longevity Health	-55.5%	-86.1%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11963.5%	11963.5%
2	GIBO	GIBO	9734.4%
3	CHSN	Chanson International	7565.0%	-99.3%
4	LNZA	LanzaTech Global	7287.5%	-86.0%
5	QMMM	QMMM	3031.7%	6775.0%
6	OESX	Orion Energy Systems	1497.9%	22.9%
7	CURX	Curanex Pharmaceuticals	1401.6%	1401.6%
8	ENTO	Entero Therapeutics	565.6%	117.6%
9	PTNM	Pitanium	553.2%
10	WLDS	Wearable Devices	449.5%	-30.0%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	CJET	Chijet Motor	-92.2%	-95.0%
2	STFS	Star Fashion Culture	-92.2%	-97.8%
3	ELPW	Elong Power	-91.6%	-76.7%
4	NXTT	Next Technology	-89.6%	-95.1%
5	NAKA	Kindly MD	-89.0%
6	BINI	Bollinger Innovations	-88.9%	-100.0%
7	JEM	707 Cayman	-88.4%	-98.2%
8	YAAS	Youxin Technology	-82.5%	-98.3%
9	NEON	Neonode	-82.0%	-50.2%
10	NVNO	enVVeno Medical	-81.5%	-69.8%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FGI	FGI Industries	139.3%	145.2%
2	CODX	Co-Diagnostics	80.8%	-14.8%
3	CNFR	Conifer	55.5%	50.4%
4	BGI	Birks	55.4%	-18.1%
5	FLUX	Flux Power	52.2%	99.4%
6	BOXL	Boxlight	45.7%	32.1%
7	LVRO	Lavoro	45.5%	-57.4%
8	NFE	New Fortress Energy	44.9%	-86.8%
9	WBTN	Webtoon Entertainment	39.0%	53.2%
10	HCWC	Healthy Choice Wellness	37.5%	-34.7%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	REX	REX American Resources	-50.1%	46.1%
2	XAGE	Longevity Health	-39.3%	-86.1%
3	BNGO	Bionano Genomics	-35.7%	-89.7%
4	IHT	InnSuites Hospitality Trust	-30.7%	7.3%
5	LUD	Luda Technology	-28.6%
6	NAOV	NanoVibronix	-28.5%	-88.2%
7	GDC	GD Culture	-28.2%	269.8%
8	ASST	Strive	-28.0%	813.4%
9	BIAF	bioAffinity Technologies	-25.5%	-71.3%
10	FAAS	DigiAsia	-23.9%	-87.2%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	BDSX	Biodesix	1313.2%	-78.6%
2	CLSD	Clearside Biomedical	954.0%	-74.9%
3	SDOT	Sadot	624.1%	-79.4%
4	WLDS	Wearable Devices	498.0%	-30.0%
5	CHEK	Check-Cap	285.6%	154.6%
6	ATCH	AtlasClear	275.9%	-91.0%
7	HSDT	Helius Medical Technologies	262.5%	-95.6%
8	OPI	Office Properties Income Trust	261.7%	-13.4%
9	FGI	FGI Industries	156.8%	145.2%
10	AIRE	ReAlpha Tech	154.0%	-56.1%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NAKA	Kindly MD	-81.4%
2	ATYR	aTyr Pharma	-79.7%	-70.2%
3	LGCL	Lucas GC	-73.6%	-77.1%
4	EPSM	Epsium Enterprise	-70.1%
5	BNGO	Bionano Genomics	-59.4%	-89.7%
6	FAAS	DigiAsia	-58.5%	-87.2%
7	QMMM	QMMM	-57.5%	6775.0%
8	VCIG	VCI Global	-56.9%	-99.1%
9	YYGH	YY	-56.6%	-78.5%
10	XAGE	Longevity Health	-55.5%	-86.1%

Peer Comparisons for Wendy's

Financials

	WEN	MCD	CMG	SHAK	SBUX	YUM	Median
Name	Wendy's	McDonald.	Chipotle.	Shake Sh.	Starbucks	Yum Bran.
Mkt Price	9.56	303.29	39.30	99.01	84.37	148.01	91.69
Mkt Cap	1.8	216.7	52.9	4.0	95.9	41.3	47.1
Rev LTM	2,225	26,060	11,578	1,323	36,689	7,907	9,742
Op Inc LTM	389	12,023	1,999	68	3,836	2,439	2,219
FCF LTM	257	6,897	1,466	46	2,254	1,534	1,500
FCF 3Y Avg	245	6,877	1,339	2	3,021	1,394	1,367
CFO LTM	356	9,793	2,092	183	4,901	1,834	1,963
CFO 3Y Avg	336	9,373	1,920	147	5,523	1,682	1,801

Growth & Margins

	WEN	MCD	CMG	SHAK	SBUX	YUM	Median
Name	Wendy's	McDonald.	Chipotle.	Shake Sh.	Starbucks	Yum Bran.
Rev Chg LTM	1.3%	1.2%	8.6%	13.1%	0.6%	11.3%	4.9%
Rev Chg 3Y Avg	4.2%	3.4%	12.5%	16.8%	4.7%	5.9%	5.3%
Rev Chg Q	-1.7%	5.4%	3.0%	12.6%	3.8%	9.6%	4.6%
QoQ Delta Rev Chg LTM	-0.4%	1.4%	0.8%	3.1%	0.9%	2.2%	1.2%
Op Mgn LTM	17.5%	46.1%	17.3%	5.1%	10.5%	30.8%	17.4%
Op Mgn 3Y Avg	17.6%	45.9%	16.9%	3.1%	13.3%	31.7%	17.3%
QoQ Delta Op Mgn LTM	0.3%	0.3%	-0.4%	0.8%	-1.6%	-0.5%	-0.1%
CFO/Rev LTM	16.0%	37.6%	18.1%	13.8%	13.4%	23.2%	17.0%
CFO/Rev 3Y Avg	15.3%	37.0%	18.3%	12.5%	15.3%	22.9%	16.8%
FCF/Rev LTM	11.5%	26.5%	12.7%	3.5%	6.1%	19.4%	12.1%
FCF/Rev 3Y Avg	11.2%	27.2%	12.8%	-0.3%	8.4%	19.0%	12.0%

Valuation

	WEN	MCD	CMG	SHAK	SBUX	YUM	Median
Name	Wendy's	McDonald.	Chipotle.	Shake Sh.	Starbucks	Yum Bran.
Mkt Cap	1.8	216.7	52.9	4.0	95.9	41.3	47.1
P/S	0.8	8.3	4.6	3.0	2.6	5.2	3.8
P/EBIT	4.6	17.9	26.4	132.7	23.5	16.8	20.7
P/E	9.6	25.8	34.3	200.2	36.4	28.8	31.6
P/CFO	5.2	22.1	25.3	21.7	19.6	22.5	21.9
Total Yield	20.2%	6.2%	2.9%	0.5%	5.6%	5.3%	5.5%
Dividend Yield	9.7%	2.3%	0.0%	0.0%	2.8%	1.9%	2.1%
FCF Yield 3Y Avg	8.0%	3.4%	1.9%	-0.2%	3.0%	3.6%	3.2%
D/E	2.2	0.3	0.1	0.2	0.3	0.3	0.3
Net D/E	2.1	0.2	0.1	0.1	0.2	0.3	0.2

Returns

	WEN	MCD	CMG	SHAK	SBUX	YUM	Median
Name	Wendy's	McDonald.	Chipotle.	Shake Sh.	Starbucks	Yum Bran.
1M Rtn	-8.3%	-1.3%	-10.8%	-7.4%	-6.9%	0.4%	-7.2%
3M Rtn	-13.8%	4.3%	-23.5%	-20.9%	-7.3%	6.2%	-10.5%
6M Rtn	-36.6%	1.0%	-17.8%	15.4%	-13.0%	-5.0%	-9.0%
12M Rtn	-43.0%	4.6%	-31.8%	-2.7%	-10.2%	12.1%	-6.5%
3Y Rtn	-43.9%	27.5%	16.0%	99.6%	-0.2%	35.5%	21.8%
1M Excs Rtn	-10.8%	-3.7%	-13.2%	-9.9%	-9.3%	-2.1%	-9.6%
3M Excs Rtn	-23.2%	-6.6%	-34.7%	-31.7%	-18.7%	-4.7%	-20.9%
6M Excs Rtn	-52.4%	-15.5%	-37.3%	-4.0%	-30.1%	-21.3%	-25.7%
12M Excs Rtn	-58.3%	-11.9%	-48.3%	-20.8%	-30.9%	-5.0%	-25.9%
3Y Excs Rtn	-108.2%	-37.2%	-48.4%	32.7%	-59.7%	-27.4%	-42.8%

Comparison Analyses

	Title
0	Wendy's vs. McDonald's: With Return Forecast Of -3.2%, McDonald's Is A Better Bet
1	YUM Could Deliver 19% Returns And Outperform WEN
2	CMG Could Deliver 35% Returns And Outperform WEN
3	Wendy's vs. Domino's Pizza: Industry Competitors, But Domino's Pizza Is A Better Bet
4	Wendy's vs Veeva Systems: Similar Revenue; Which Stock Is A Better Bet?
5	Wendy's vs MSCI: Similar Revenue; Which Stock Is A Better Bet?
6	Wendy's vs DexCom: Similar Income; Which Stock Is A Better Bet?
7	Wendy's vs Marathon Digital Holdings: Similar Market Cap; Which Stock Is A Better Bet?
8	Wendy's vs Pinterest: Similar Income; Which Stock Is A Better Bet?
9	Wendy's vs Amkor Technology: Similar Market Cap; Which Stock Is A Better Bet?

Financials

Annual
Quarterly

$ Mil \| FY: 12/29	LTM	2024	2023	2022	2021	2020	2019
Period End	6/29/2025	12/29/2024	12/31/2023	1/1/2023	1/2/2022	1/3/2021	12/29/2019
Filing Date	8/8/2025	2/21/2025	2/26/2024	3/1/2023	3/1/2022	3/3/2021	2/26/2020
Key Financials
Total Revenue	2,225	2,246	2,182	2,096	1,897	1,734	1,709
EBITDA	555	554	552	502	475	403	419
Operating Income	389	388	392	354	344	290	285
Net Income	192	194	204	177	200	118	137
EPS	0.97	0.95	0.98	0.83	0.91	0.53	0.60
Growth Rates
Total Revenue Growth	1.3%	3.0%	4.1%	10.5%	9.4%	1.5%	7.5%
EBITDA Growth	-0.5%	0.4%	10.0%	5.5%	17.9%	-3.8%	-49.1%
Operating Income Growth	0.9%	-0.8%	10.8%	2.8%	18.6%	1.7%	8.4%
Net Income Growth	-4.7%	-4.9%	15.3%	-11.5%	70.1%	-14.0%	-70.2%
Margins
EBITDA Margin	25.0%	24.7%	25.3%	23.9%	25.1%	23.3%	24.5%
Operating Income Margin	17.5%	17.3%	18.0%	16.9%	18.1%	16.7%	16.7%
Net Income Margin	8.6%	8.7%	9.4%	8.5%	10.6%	6.8%	8.0%
Cash & Debt
Total Cash	281	451	516	746	249	307	300
Total Debt	4,088	4,093	4,140	4,282	3,856	3,676	3,714
Net Debt / (Cash)	3,807	3,642	3,624	3,536	3,607	3,369	3,413
Cash Flows
Net Cash from Operations	356	355	345	260	346	284	289
Free Cash from Operations	257	261	260	174	268	215	214
Returns to Shareholders
Dividends	178	204	209	107	95	65	96
Share Repurchases	230	77	190	52	269	62	218

$ Mil \| FY: 12/29	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/29/2025	3/30/2025	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	1/1/2023	10/2/2022
Filing Date	8/8/2025	5/2/2025	2/21/2025	10/31/2024	8/1/2024	5/2/2024	2/26/2024	11/2/2023	8/9/2023	5/10/2023	3/1/2023	11/9/2022
Key Financials Quarterly
Total Revenue	561	523	574	567	571	535	541	551	562	529	537	533
Ebitda	148	127	139	141	147	127	137	147	146	122	124	136
Operating Income	106	80	113	90	102	89	95	99	107	90	96	89
Net Income	55	39	47	50	55	42	47	58	60	40	41	51
EPS	0.29	0.20	0.23	0.25	0.27	0.20	0.23	0.28	0.28	0.19	0.19	0.24
Key Financials TTM
Total Revenue TTM	2,225	2,235	2,246	2,213	2,197	2,188	2,182	2,177	2,159	2,136	2,096	2,032
Ebitda TTM	555	554	554	553	558	557	552	539	528	513	502	487
Operating Income TTM	389	385	394	376	386	391	392	392	382	370	350	342
Net Income TTM	192	192	194	194	202	207	204	199	191	180	177	188
Growth Rates Quarterly
Total Revenue Growth	-1.7%	-2.1%	6.2%	2.9%	1.6%	1.1%	0.8%	3.4%	4.4%	8.2%	13.4%	13.3%
EBITDA Growth	0.7%	0.0%	1.2%	-3.8%	0.7%	4.1%	10.6%	8.0%	11.3%	10.5%	13.4%	22.4%
Operating Income Growth	3.9%	-10.2%	18.6%	-9.4%	-4.8%	-0.9%	-0.5%	11.3%	12.6%	29.0%	8.5%	16.5%
Net Income Growth	0.9%	-6.6%	1.2%	-13.5%	-8.4%	5.5%	13.7%	14.9%	23.8%	6.5%	-20.8%	22.8%
Margins Quarterly
EBITDA Margin	26.4%	24.3%	24.2%	25.0%	25.7%	23.8%	25.4%	26.7%	26.0%	23.1%	23.1%	25.6%
Operating Income Margin	18.9%	15.3%	19.7%	15.9%	17.9%	16.6%	17.6%	18.0%	19.1%	17.0%	17.9%	16.8%
Net Income Margin	9.8%	7.5%	8.3%	8.9%	9.6%	7.9%	8.7%	10.5%	10.6%	7.5%	7.7%	9.5%
Cash & Debt
Total Cash	281	335	451	482	465	498	516	598	635	676	746	732
Total Debt	4,088	4,076	4,093	4,098	4,104	4,120	4,140	4,186	4,211	4,228	4,282	4,294
Net Debt / (Cash)	3,807	3,741	3,642	3,616	3,638	3,622	3,624	3,588	3,575	3,552	3,536	3,562
Cash Flows Quarterly
FCF from Operations	61	85	69	141	45	100	76	128	89	53	77	84
Cash Flows TTM
FCF from Operations TTM	356	341	355	363	349	392	345	347	303	292	260	252
Returns to Shareholders Quarterly
Dividends	27	49	51	51	51	51	51	52	53	53	27	27
Share Repurchases	64	123	17	26	27	7	47	55	50	37	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	8.1%	6.1%	8.4%	7.2%	8.2%	7.2%	7.3%	8.2%	9.1%	7.3%	7.7%	7.3%
Return on Invested Capital (ROIC) TTM
ROIC TTM	7.2%	7.3%	7.7%	7.5%	7.7%	7.9%	7.9%	8.0%	7.8%	7.6%	7.2%	7.7%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Wendy’s US	1,816	1,750	1,567	1,431	1,404
Global Real Estate & Development	235	239	243	237	236
Wendy’s International	131	107	86	66	68
Total	2,182	2,096	1,897	1,734	1,709

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$9.56
Market Cap ($ Bil)	1.8
First Trading Date	03/17/1992
Distance from 52W High	-50.5%
	50 Days	200 Days
DMA Price	$10.26	$12.83
DMA Trend	down	down
Distance from DMA	-6.8%	-25.5%
	3M	1YR
Volatility	35.7%	31.9%
Downside Capture	0.38	0.64
Upside Capture	-22.69	13.22
Correlation (SPY)	7.7%	35.6%

WEN Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	-0.03	0.61	0.42	0.59	0.58	0.54
Up Beta	-0.65	0.89	1.44	0.58	0.57	0.56
Down Beta	-0.66	-1.24	0.10	0.82	0.75	0.58
Up Capture	82%	26%	-15%	3%	13%	11%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	14	19	30	53	110	357
Down Capture	-35%	207%	42%	78%	79%	86%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	7	22	31	69	133	385

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	20,944,958
Short Interest: % Change Since 8152025	12.8%
Average Daily Volume	5,464,424
Days-to-Cover Short Interest	3.83
Basic Shares Quantity	191,949,000
Short % of Basic Shares	10.9%

Returns Analyses

	Title
0	WEN Fell 7.3% In A Month. What To Do Now?
1	Wendy's Stock Return Comparison
2	[9/30/2021] Wendy's (WEN) Stock Price Forecast: AI Forecasts WEN Stock Price To Be Around $22.6 In A Month (Up 4.1%)
3	Wendy's (WEN) Stock Return: AI Predicts WEN Average and Excess Return After a Fall or Rise

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/8/2025	1.3%	5.9%	2.5%
5/2/2025	0.5%	-3.0%	-6.1%
2/13/2025	3.8%	7.2%	9.7%
10/31/2024	-5.9%	0.4%	-9.6%
8/1/2024	0.2%	0.2%	-1.7%
5/2/2024	1.5%	-1.2%	-11.1%
1/18/2024	-0.4%	-0.8%	-4.3%
11/2/2023	-1.5%	-1.3%	4.3%
...
SUMMARY STATS
# Positive	10	10	9
# Negative	14	14	15
Median Positive	1.4%	2.4%	4.3%
Median Negative	-3.3%	-2.4%	-5.4%
Max Positive	7.4%	10.5%	16.9%
Max Negative	-11.2%	-16.0%	-36.8%

	Forward Returns
8/8/2025	1.3%	5.9%	2.5%
5/2/2025	0.5%	-3.0%	-6.1%
2/13/2025	3.8%	7.2%	9.7%
10/31/2024	-5.9%	0.4%	-9.6%
8/1/2024	0.2%	0.2%	-1.7%
5/2/2024	1.5%	-1.2%	-11.1%
1/18/2024	-0.4%	-0.8%	-4.3%
11/2/2023	-1.5%	-1.3%	4.3%
8/9/2023	-2.0%	-1.4%	-7.4%
5/10/2023	1.0%	2.2%	-2.2%
3/1/2023	1.1%	-2.1%	-3.7%
11/9/2022	3.0%	1.9%	14.7%
8/10/2022	-1.8%	0.9%	-5.9%
5/11/2022	-11.2%	-2.7%	3.8%
3/1/2022	-0.1%	-7.4%	-1.0%
11/10/2021	-7.1%	-5.6%	-2.9%
8/11/2021	3.7%	7.4%	4.1%
5/12/2021	-1.4%	2.6%	7.6%
3/3/2021	-5.5%	-5.1%	-4.5%
11/4/2020	-5.8%	-1.7%	-5.4%
8/5/2020	-6.0%	-7.3%	-7.5%
5/6/2020	7.4%	10.5%	16.9%
2/26/2020	-4.7%	-16.0%	-36.8%
11/6/2019	-0.3%	-0.9%	3.7%
SUMMARY STATS
# Positive	10	10	9
# Negative	14	14	15
Median Positive	1.4%	2.4%	4.3%
Median Negative	-3.3%	-2.4%	-5.4%
Max Positive	7.4%	10.5%	16.9%
Max Negative	-11.2%	-16.0%	-36.8%

SEC Filings

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Report Date	Filing Date	Filing
6302025	8082025	10-Q 6/29/2025
3312025	5022025	10-Q 3/30/2025
12312024	2212025	10-K 12/29/2024
9302024	10312024	10-Q 9/29/2024
6302024	8012024	10-Q 6/30/2024
3312024	5022024	10-Q 3/31/2024
12312023	2262024	10-K 12/31/2023
9302023	11022023	10-Q 10/1/2023
6302023	8092023	10-Q 7/2/2023
3312023	5102023	10-Q 4/2/2023
12312022	3012023	10-K 1/1/2023
9302022	11092022	10-Q 10/2/2022
6302022	8102022	10-Q 7/3/2022
3312022	5112022	10-Q 4/3/2022
12312021	3012022	10-K 1/2/2022
9302021	11102021	10-Q 10/3/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Radkoski Lindsay J.	CMO, U.S.	6032025	Buy	11.68	5,050	58,984	338,206	Form
1	Cook Kenneth M.	Chief Financial Officer	5272025	Buy	11.35	1,500	17,025	17,025	Form
2	O'Brien Matthew Coley	Chief People Officer	5232025	Buy	11.60	1,750	20,300	992,519	Form
3	Min John	Chief Legal Ofcr & Secretary	5132025	Buy	11.98	1,000	11,980	15,633	Form
4	GILBERT KENNETH W		3062025	Sell	15.14	3,500	52,991	420,961	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Wendy's (WEN)

Market Price (9/17/2025): $9.59 | Market Cap: $1.8 BilSector: Consumer Discretionary | Industry: Restaurants

Wendy's (WEN)

Market Price (9/17/2025): $9.59Market Cap: $1.8 BilSector: Consumer DiscretionaryIndustry: Restaurants

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Market Price (9/17/2025): $9.59 | Market Cap: $1.8 Bil
Sector: Consumer Discretionary | Industry: Restaurants

Market Price (9/17/2025): $9.59
Market Cap: $1.8 Bil
Sector: Consumer Discretionary
Industry: Restaurants