Wendy's Co (WEN) Financial Statements
Industry: Eating & Drinking Places (Retail)
In fiscal 2025, Wendy's reported revenue of $2.18B, down 3.1% from $2.25B the year before. Net income was $165.1M (a 7.6% net margin), or $0.85 per diluted share. Gross margin was 63.6% and operating margin was 15.8%. Operating activities generated $344.5M of cash, leaving $242.6M of free cash flow. At fiscal year end, Wendy's held $4.96B in total assets against $4.84B in total liabilities, including $300.8M of cash and equivalents.
Open the full interactive Wendy's financials → Quarterly statements, key ratios, valuation history and price charts.
Wendy's Key Stats
| Share Price | $6.35 |
|---|---|
| Market Cap | $1.21B |
| P/E Ratio | 7.5 |
| Dividend Yield | 8.78% |
| Revenue YoY Growth | -3.1% |
| 52-Week Range | $6.10 – $9.04 |
| Shares Outstanding | 190.4 million (basic, 2026 Q2) |
Wendy's Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.73B | $1.90B | $2.10B | $2.18B | $2.25B | $2.18B |
| Cost of Goods Sold | $614.9M | $611.7M | $773.2M | $794.5M | $783.2M | $791.7M |
| Gross Profit | $1.12B | $1.29B | $1.32B | $1.39B | $1.46B | $1.39B |
| Operating Income | $269.3M | $367.0M | $353.3M | $382.0M | $371.4M | $343.5M |
| Pre-Tax Income | $152.8M | $240.6M | $243.5M | $279.4M | $272.4M | $227.2M |
| Income Tax | $35.0M | $40.2M | $66.1M | $75.0M | $78.1M | $62.2M |
| Net Income | $117.8M | $200.4M | $177.4M | $204.4M | $194.4M | $165.1M |
| Diluted EPS | $0.52 | $0.89 | $0.82 | $0.97 | $0.95 | $0.85 |
Wendy's Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $549.5M | $543.0M | $540.6M | $570.6M |
| Net Income | $44.3M | $26.5M | $22.7M | $32.6M |
| Diluted EPS | $0.23 | $0.14 | $0.12 | $0.17 |
Wendy's Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $307.0M | $249.4M | $745.9M | $516.0M | $450.5M | $300.8M |
| Current Assets | $687.6M | $592.8M | $1.06B | $837.7M | $736.1M | $618.0M |
| Total Assets | $5.04B | $5.10B | $5.50B | $5.18B | $5.03B | $4.96B |
| Current Liabilities | $413.3M | $426.9M | $388.0M | $381.9M | $397.6M | $351.1M |
| Total Long-Term Debt | $2.25B | $2.38B | $2.85B | $2.76B | $2.74B | $2.76B |
| Total Liabilities | $4.49B | $4.66B | $5.03B | $4.87B | $4.78B | $4.84B |
| Shareholders' Equity | $549.6M | $436.4M | $465.7M | $309.8M | $259.4M | $117.4M |
Wendy's Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $284.4M | $345.8M | $259.9M | $345.4M | $355.3M | $344.5M |
| Cash From Investing | -$68.2M | -$154.7M | -$77.8M | -$86.5M | -$129.3M | -$150.8M |
| Cash From Financing | -$157.9M | -$242.7M | $288.7M | -$504.3M | -$303.1M | -$344.0M |
| Free Cash Flow | $215.4M | $267.8M | $174.4M | $260.4M | $260.9M | $242.6M |
| Dividends Paid | $64.9M | $94.8M | $106.8M | $209.3M | $204.4M | $129.6M |
Figures from Wendy's' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Wendy's financials page for every line item.
Wendy's Company Profile
| Ticker | WEN |
|---|---|
| Exchange | Nasdaq |
| Industry | Eating & Drinking Places (Retail) |
| Headquarters | Dublin, Ohio |
| Incorporated in | Delaware |
| Fiscal Year End | January 3 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000030697 |
Frequently Asked Questions
What was Wendy's' revenue in fiscal 2025?
Wendy's (WEN) reported revenue of $2.18B for fiscal 2025.
What is Wendy's' annual revenue history?
Wendy's' annual revenue by fiscal year: 2020: $1.73B; 2021: $1.90B; 2022: $2.10B; 2023: $2.18B; 2024: $2.25B; 2025: $2.18B.
What was Wendy's' net income in fiscal 2025?
Wendy's reported net income of $165.1M for fiscal 2025.
What was Wendy's' earnings per share (EPS) in fiscal 2025?
Wendy's' diluted EPS was $0.85 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Wendy's generate in fiscal 2025?
Wendy's generated $242.6M of free cash flow in fiscal 2025.
What was Wendy's' revenue last quarter?
In its most recent reported quarter (2026 Q2), Wendy's reported revenue of $570.6M.
How much debt does Wendy's have?
Wendy's reported $2.76B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Wendy's are outstanding?
Wendy's reported a weighted average of 190.4 million basic shares outstanding in 2026 Q2.
What is Wendy's' market cap?
Based on its latest closing price, Wendy's (WEN) has a market capitalization of about $1.21B.
When does Wendy's' fiscal year end?
Wendy's' fiscal year end, as registered with the SEC, is January 3.
Where is Wendy's headquartered?
Wendy's lists its business address in Dublin, Ohio in its SEC filings.