WEN
The Wendy’s Co
NASDAQ: WEN · CONSUMER CYCLICAL · RESTAURANTS
$6.76
-0.73% today
Updated 2026-04-29
Market cap
$1.29B
P/E ratio
7.95
P/S ratio
0.59x
EPS (TTM)
$0.85
Dividend yield
9.84%
52W range
$7 – $12
Volume
8.3M
The Wendy’s Co (WEN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.24B | $1.26B | $1.82B | $2.44B | $2.38B | $2.43B | $2.51B | $2.42B | $2.00B | $1.87B | $1.44B | $1.22B | $1.59B | $1.71B | $1.73B | $1.90B | $2.10B | $2.18B | $2.25B | $2.18B |
| Revenue growth (YoY) | — | +1.6% | +44.2% | +33.7% | -2.5% | +2.4% | +3.0% | -3.3% | -17.5% | -6.4% | -23.3% | -14.8% | +30.0% | +7.5% | +1.5% | +9.4% | +10.5% | +4.1% | +3.0% | -3.1% |
| Cost of revenue | $892.49M | $919.63M | $1.42B | $1.81B | $1.76B | $1.82B | $1.88B | $1.78B | $1.39B | $1.23B | $826.72M | $622.27M | $986.76M | $1.10B | $1.11B | $1.36B | $1.37B | $1.41B | $1.46B | $1.59B |
| Gross profit | $350.79M | $344.08M | $407.23M | $625.04M | $618.49M | $615.25M | $623.99M | $642.74M | $605.57M | $638.45M | $608.69M | $601.13M | $603.17M | $605.74M | $621.48M | $536.66M | $720.76M | $776.47M | $790.01M | $585.00M |
| Gross margin | 28.2% | 27.2% | 22.3% | 25.6% | 26.0% | 25.3% | 24.9% | 26.5% | 30.3% | 34.1% | 42.4% | 49.1% | 37.9% | 35.4% | 35.8% | 28.3% | 34.4% | 35.6% | 35.2% | 26.9% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $236.40M | $205.38M | $359.60M | $452.70M | $311.51M | $292.39M | $287.81M | $291.54M | $260.73M | $256.55M | $236.79M | $203.59M | $217.49M | $200.21M | $206.88M | $81.40M | $254.98M | $249.96M | $255.21M | $252.68M |
| Operating income | $48.17M | $65.39M | $-413.65M | $195.43M | $192.44M | $183.38M | $170.32M | $139.33M | $242.59M | $274.47M | $314.78M | $214.76M | $249.89M | $262.58M | $269.31M | $366.96M | $353.31M | $381.98M | $371.36M | $332.32M |
| Operating margin | 3.9% | 5.2% | -22.7% | 8.0% | 8.1% | 7.5% | 6.8% | 5.7% | 12.1% | 14.7% | 21.9% | 17.6% | 15.7% | 15.4% | 15.5% | 19.3% | 16.9% | 17.5% | 16.5% | 15.3% |
| EBITDA | $108.57M | $171.59M | $-425.93M | $280.87M | $314.11M | $283.85M | $239.65M | $332.45M | $404.39M | $473.93M | $440.80M | $344.76M | $823.41M | $419.14M | $403.31M | $475.30M | $501.63M | $552.05M | $554.23M | $524.58M |
| EBITDA margin | 8.7% | 13.6% | -23.4% | 11.5% | 13.2% | 11.7% | 9.6% | 13.7% | 20.2% | 25.3% | 30.7% | 28.2% | 51.8% | 24.5% | 23.3% | 25.1% | 23.9% | 25.3% | 24.7% | 24.1% |
| EBIT | $47.90M | $105.32M | $-514.24M | $90.62M | $131.94M | $138.55M | $85.48M | $132.24M | $244.53M | $320.19M | $316.49M | $219.08M | $694.53M | $287.45M | $270.53M | $349.76M | $365.82M | $403.48M | $396.29M | $353.71M |
| Interest expense | $114.09M | $61.33M | $67.01M | $106.88M | $118.39M | $114.11M | $98.60M | $68.64M | $51.99M | $86.07M | $114.80M | $118.06M | $119.62M | $115.97M | $117.74M | $109.19M | $122.32M | $124.06M | $123.88M | $126.47M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-10.93M | $16.08M | $-479.74M | $5.06M | $-4.33M | $9.88M | $7.08M | $45.49M | $121.43M | $161.14M | $129.62M | $194.03M | $460.12M | $136.94M | $117.83M | $200.39M | $177.37M | $204.44M | $194.36M | $165.07M |
| Net income growth (YoY) | — | +247.1% | -3083.3% | +101.1% | -185.4% | +328.3% | -28.3% | +542.2% | +167.0% | +32.7% | -19.6% | +49.7% | +137.1% | -70.2% | -14.0% | +70.1% | -11.5% | +15.3% | -4.9% | -15.1% |
| Profit margin | -0.9% | 1.3% | -26.3% | 0.2% | -0.2% | 0.4% | 0.3% | 1.9% | 6.1% | 8.6% | 9.0% | 15.9% | 28.9% | 8.0% | 6.8% | 10.6% | 8.5% | 9.4% | 8.7% | 7.6% |