# The Wendy's Company (WEN)

**Exchange:** NASDAQ  
**Sector:** Consumer Cyclical  
**Market cap:** $1.28B  
**Price:** $6.62 (-1.34%)

> The Wendy's Company operates as a global quick-service restaurant chain, renowned as the second-largest burger QSR in the United States by systemwide sales. It specializes in made-to-order square hamburgers using fresh, never frozen beef, alongside chicken sandwiches, salads, fries, breakfast items, chili, baked potatoes, and signature Frosty desserts, including innovative Frosty Fusions and limited-time flavors. The company generates revenue primarily through company-owned restaurants, franchise royalties and marketing fund contributions from its approximately 94% franchised locations, and franchise development and advisory fees. With a footprint exceeding 7,200 stores across 30 countries, The Wendy's Company emphasizes value menus like Biggie Deals offering customizable meal combinations, expanded chicken options such as Tendys with dipping sauces, and marketing initiatives to drive customer engagement. Founded in 1969 and headquartered in Dublin, Ohio, it plays a key role in the competitive fast-food sector, focusing on quality ingredients, operational efficiency, and menu innovation to serve diverse consumer preferences worldwide.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.18B | — | $343M | $165M | — |
| 2024 | $2.25B | — | $371M | $194M | — |
| 2023 | $2.18B | — | $382M | $204M | — |
| 2023 | $2.10B | — | $353M | $177M | — |
| 2022 | $1.90B | — | $367M | $200M | — |
| 2021 | $1.73B | — | $269M | $118M | — |
| 2019 | $1.71B | — | $263M | $137M | — |
| 2018 | $1.59B | — | $250M | $460M | — |
| 2017 | $1.22B | — | $215M | $194M | — |
| 2017 | $1.44B | — | $315M | $130M | — |
| 2016 | $1.87B | — | $274M | $161M | — |
| 2014 | $2.00B | — | $243M | $121M | — |
| 2013 | $2.42B | — | $139M | $45M | — |
| 2012 | $2.51B | — | $123M | $7M | — |
| 2012 | $2.43B | — | $137M | $10M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $4.96B | $4.84B | $117M | $301M | $2.76B |
| 2024 | $5.03B | $4.78B | $259M | $451M | $2.74B |
| 2023 | $5.18B | $4.87B | $310M | $516M | $2.76B |
| 2023 | $5.50B | $5.03B | $466M | $746M | $2.85B |
| 2022 | $5.10B | $4.66B | $436M | $249M | $2.38B |
| 2021 | $5.04B | $4.49B | $550M | $307M | $2.25B |
| 2019 | $4.99B | $4.48B | $516M | $300M | $2.28B |
| 2018 | $4.29B | $3.64B | $648M | $431M | $2.33B |
| 2017 | $4.10B | $3.52B | $573M | $171M | — |
| 2017 | $3.94B | $3.41B | $528M | $198M | — |
| 2016 | $4.11B | $3.36B | $753M | $327M | — |
| 2014 | $4.14B | $2.42B | $1.72B | $267M | — |
| 2013 | $4.36B | — | $1.93B | $580M | — |
| 2012 | $4.30B | — | $1.99B | $453M | — |
| 2012 | $4.29B | — | $2.00B | $475M | $1.36B |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $345M | — | — |
| 2024 | $355M | — | — |
| 2023 | $345M | — | — |
| 2023 | $260M | — | — |
| 2022 | $346M | — | — |
| 2021 | $284M | — | — |
| 2019 | $289M | — | — |
| 2018 | $224M | — | — |
| 2017 | $239M | — | — |
| 2017 | $194M | — | — |
| 2016 | $274M | — | — |
| 2014 | $255M | — | — |
| 2013 | $330M | — | — |
| 2012 | $190M | — | — |
| 2012 | $247M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/WEN)