WEN
$6.52-2.40%
Wendy's Company (The)Stock · Consumer DiscretionaryRussell 2000 · 0.04% of IWMNasdaq Composite · 0.006% of ONEQRussell 3000 · 0.002% of IWVUS Stock Market · 0.002% of VTI
WEN financial statements
The full income statement, balance sheet, and cash-flow statement for Wendy's Company (The) (WEN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 203.2M2024-09 203.8M2024-12 200.5M2025-03 192.0M2025-06 190.6M2025-09 190.3M2025-12 190.4M2026-03 190.5M2026-06 190.7M-6.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Income Statement | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofJan 1 ’23 | as ofJan 2 ’22 | as ofJan 3 ’21 | |
| 2.18B-3.1% | 2.25B+3.0% | 2.18B+4.1% | 2.10B+10.5% | 1.90B+9.4% | 1.73B+1.5% | ||
| Lease income | — | — | — | 234M-0.9% | 237M+1.7% | 233M-0.2% | |
| Cost of revenue | 792M+1.1% | 783M-1.4% | 794M+2.8% | 773M+26.4% | 612M-0.5% | 615M+2.9% | |
| Selling, general & administrative | 253M-1.0% | 255M+2.1% | 250M-2.0% | 255M+4.9% | 243M+17.4% | 207M+3.3% | |
| General & administrative | 253M-1.0% | 255M+2.1% | 250M-2.0% | 255M+4.9% | 243M+17.4% | 207M+3.3% | |
| Restructuring | -125K-101.5% | 8.53M-7.3% | 9.20M+1218.1% | 698K-91.8% | 8.55M-46.7% | 16.0M-5.5% | |
| Amortization of intangibles | 62.6M+0.5% | 62.3M+4.9% | 59.4M+1.1% | 58.7M+6.3% | 55.2M+5.0% | 52.6M-1.1% | |
| Provision for credit losses | 15.0M+302.4% | 3.72M+595.9% | 534K+194.5% | -565K-281.8% | -148K-122.9% | 647K+140.0% | |
| Operating income | 343M-7.5% | 371M-2.8% | 382M+8.1% | 353M-3.7% | 367M+36.3% | 269M+2.6% | |
| Interest expense | 126M+2.1% | 124M-0.1% | 124M+1.4% | 122M+12.0% | 109M-7.3% | 118M+1.5% | |
| Other non-operating income | 12.6M-49.4% | 24.9M-15.7% | 29.6M+184.2% | 10.4M+1427.6% | 681K-53.0% | 1.45M-81.4% | |
| Equity-method income | — | — | — | 9.42M-15.9% | 11.2M+83.8% | 6.10M-29.7% | |
| Pre-tax income | 227M-16.6% | 272M-2.5% | 279M+14.7% | 244M+1.2% | 241M+57.5% | 153M-10.9% | |
| Income tax | 62.2M-20.4% | 78.1M+4.1% | 75.0M+13.4% | 66.1M+64.6% | 40.2M+14.9% | 35.0M+1.2% | |
| Net income | 165M-15.1% | 194M-4.9% | 204M+15.3% | 177M-11.5% | 200M+70.1% | 118M-14.0% | |
| $0.85-10.5% | $0.95-2.1% | $0.97+18.3% | $0.82-7.9% | $0.89+71.2% | $0.52-10.3% | ||
| EPS (basic) | $0.85-10.5% | $0.95-3.1% | $0.98+18.1% | $0.83-8.8% | $0.91+71.7% | $0.53-11.7% | |
| Weighted-avg shares (basic) | 193M-5.4% | 204M-2.5% | 209M-2.0% | 214M-3.4% | 221M-1.0% | 224M-2.7% | |
| Weighted-avg shares (diluted) | 194M-5.6% | 206M-2.8% | 212M-2.0% | 216M-3.8% | 224M-1.6% | 228M-3.0% | |
| Dividends per share | $0.67-33.0% | $1.00+0.0% | $1.00+100.0% | $0.50+16.3% | $0.43+48.3% | $0.29-31.0% | |
| Balance Sheet | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofJan 1 ’23 | as ofJan 2 ’22 | as ofJan 3 ’21 | |
| 618M-16.0% | 736M-12.1% | 838M-20.8% | 1.06B+78.5% | 593M-13.8% | 688M+24.1% | ||
| Cash & equivalents | 301M-33.2% | 451M-12.7% | 516M-30.8% | 746M+199.0% | 249M-18.7% | 307M+2.3% | |
| Accounts receivable | 105M+20.9% | 86.8M-17.1% | 105M+6.3% | 98.6M-2.9% | 102M+8.4% | 93.7M-6.8% | |
| Inventory | 7.39M+13.1% | 6.53M-2.4% | 6.69M-6.2% | 7.13M+20.1% | 5.93M+25.4% | 4.73M+21.6% | |
| Prepaid expenses | 55.4M+21.6% | 45.6M+14.9% | 39.6M+47.0% | 27.0M-11.8% | 30.6M-65.9% | 89.7M+475.8% | |
| 4.96B-1.6% | 5.03B-2.9% | 5.18B-5.8% | 5.50B+7.8% | 5.10B+1.2% | 5.04B+0.9% | ||
| Property, plant & equipment | 938M+3.3% | 908M+1.9% | 891M-0.5% | 896M-1.2% | 907M-1.0% | 916M-6.3% | |
| Operating lease right-of-use | 643M-5.5% | 680M-3.7% | 706M-6.5% | 754M-7.2% | 813M-1.1% | 821M-4.2% | |
| Goodwill | 774M+0.3% | 771M-0.3% | 774M+0.1% | 773M-0.3% | 775M+3.2% | 751M-0.6% | |
| Intangible assets | 1.17B-1.8% | 1.19B-2.2% | 1.22B-2.4% | 1.25B-2.5% | 1.28B+4.6% | 1.22B-1.8% | |
| Long-term investments | 25.2M-13.0% | 29.0M-15.8% | 34.4M-25.2% | 46.0M-7.7% | 49.9M+11.9% | 44.6M-3.0% | |
| Other non-current assets | 190M+2.7% | 185M+3.8% | 179M+4.5% | 171M+22.9% | 139M+15.9% | 120M+19.5% | |
| 351M-11.7% | 398M+4.1% | 382M-1.6% | 388M-9.1% | 427M+3.3% | 413M+18.2% | ||
| Accounts payable | 30.4M+7.0% | 28.5M+4.0% | 27.4M-37.8% | 44.0M+6.9% | 41.2M+32.5% | 31.1M+36.8% | |
| Accrued liabilities | 117M-1.3% | 118M-12.5% | 135M+16.5% | 116M-17.6% | 141M-9.4% | 155M-6.0% | |
| Deferred revenue | — | — | — | 8.98M-1.2% | 9.08M+4.5% | 8.69M-2.3% | |
| Short-term & current debt | 29.8M-61.9% | 78.2M+167.2% | 29.3M+0.0% | 29.3M+20.6% | 24.3M-16.3% | 29.0M+27.3% | |
| Current lease liability | 51.1M+2.1% | 50.1M+1.4% | 49.4M+2.6% | 48.1M+1.7% | 47.3M+4.3% | 45.3M+3.6% | |
| Finance lease liability (current) | 26.7M+18.5% | 22.5M+11.2% | 20.3M+10.6% | 18.3M+18.1% | 15.5M+28.2% | 12.1M+10.0% | |
| 4.84B+1.3% | 4.78B-2.0% | 4.87B-3.2% | 5.03B+7.9% | 4.66B+3.9% | 4.49B+0.3% | ||
| Long-term debt | 2.73B+2.6% | 2.66B-2.6% | 2.73B-3.2% | 2.82B+19.8% | 2.36B+6.2% | 2.22B-1.7% | |
| Deferred revenue (non-current) | 88.0M-0.5% | 88.4M-1.9% | 90.1M-0.1% | 90.2M+2.4% | 88.1M-1.1% | 89.1M-2.9% | |
| Non-current lease liability | 660M-6.3% | 704M-4.7% | 739M-6.7% | 792M-7.2% | 853M-1.4% | 865M-3.6% | |
| Finance lease liability | 647M+12.4% | 575M+1.2% | 569M-0.5% | 572M+2.2% | 560M+10.6% | 506M+5.2% | |
| Deferred tax liabilities | 288M+9.2% | 263M-2.6% | 270M-0.0% | 270M+1.0% | 268M-4.6% | 281M+3.7% | |
| Other non-current liabilities | 74.9M-11.1% | 84.2M-6.1% | 89.7M-9.2% | 98.8M-12.5% | 113M-4.1% | 118M-9.3% | |
| 117M-54.7% | 259M-16.3% | 310M-33.5% | 466M+6.7% | 436M-20.6% | 550M+6.4% | ||
| Common stock | 47.0M+0.0% | 47.0M+0.0% | 47.0M+0.0% | 47.0M+0.0% | 47.0M+0.0% | 47.0M+0.0% | |
| Additional paid-in capital | 2.99B+0.1% | 2.98B+0.7% | 2.96B+0.8% | 2.94B+1.4% | 2.90B-0.0% | 2.90B+0.9% | |
| Retained earnings | 435M+8.9% | 400M-2.5% | 410M-1.2% | 415M+20.5% | 344M+44.2% | 239M+28.5% | |
| Treasury stock | 3.29B+6.2% | 3.09B+1.5% | 3.05B+6.2% | 2.87B+2.3% | 2.81B+8.5% | 2.59B+1.9% | |
| Accumulated other comprehensive income | -64.0M+14.4% | -74.8M-28.1% | -58.4M+9.0% | -64.2M-33.1% | -48.2M+2.9% | -49.6M+7.8% | |
| Total liabilities & equity | 4.96B-1.6% | 5.03B-2.9% | 5.18B-5.8% | 5.50B+7.8% | 5.10B+1.2% | 5.04B+0.9% | |
| Common shares issued | 470M+0.0% | 470M+0.0% | 470M+0.0% | 470M+0.0% | 470M+0.0% | 470M+0.0% | |
| Common shares outstanding | 190M-6.6% | 204M-0.8% | 205M-3.6% | 213M-1.3% | 216M-3.8% | 224M-0.3% | |
| Shares outstanding (cover) | 190M-5.1% | 200M-2.4% | 205M-3.4% | 213M-1.2% | 215M-3.8% | 224M+0.4% | |
| Cash Flow | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofJan 1 ’23 | as ofJan 2 ’22 | as ofJan 3 ’21 | |
| 345M-3.0% | 355M+2.9% | 345M+32.9% | 260M-24.8% | 346M+21.6% | 284M-1.6% | ||
| Depreciation & amortization | 152M+6.3% | 143M+5.5% | 136M+1.8% | 133M+6.3% | 126M-5.4% | 133M+0.8% | |
| Intangible amortization | 62.6M+0.5% | 62.3M+4.9% | 59.4M+1.1% | 58.7M+6.3% | 55.2M+5.0% | 52.6M-1.1% | |
| Share-based compensation | 14.6M-36.7% | 23.0M-3.1% | 23.7M-3.2% | 24.5M+11.4% | 22.0M+16.3% | 18.9M+1.4% | |
| Deferred income taxes | 23.5M+524.3% | -5.53M-585.1% | -807K-118.7% | 4.30M+131.2% | -13.8M-234.2% | 10.3M+1126.5% | |
| Change in receivables | 19.2M+271.7% | 5.16M+1299.5% | -430K-107.3% | 5.86M+4.3% | 5.61M-65.4% | 16.2M+195.9% | |
| Change in inventory | 473K+442.8% | -138K+68.6% | -439K-136.5% | 1.20M+38.0% | 872K+3.7% | 841K+416.0% | |
| Change in payables | -8.93M-970.1% | 1.03M+111.6% | -8.83M-475.7% | -1.53M-120.2% | 7.59M+368.3% | 1.62M+53.7% | |
| Other operating activities | 25.1M+72.6% | 14.5M-36.5% | 22.9M+602.5% | -4.55M-639.6% | 844K+113.1% | -6.44M-33.1% | |
| -151M-16.6% | -129M-49.4% | -86.5M-11.3% | -77.8M+49.7% | -155M-126.6% | -68.3M-24.2% | ||
| Capital expenditure | 102M+8.0% | 94.4M+11.0% | 85.0M-0.6% | 85.5M+9.7% | 78.0M+13.1% | 69.0M-7.4% | |
| Free cash flow | 243M-7.0% | 261M+0.2% | 260M+49.3% | 174M-34.9% | 268M+24.3% | 215M+0.4% | |
| Acquisitions | 16.9M | 0.00 | 0.00 | 0.00-100.0% | 123M+2422.4% | 4.88M-3.4% | |
| Proceeds from sale of PP&E | 4.41M-10.8% | 4.95M+133.9% | 2.12M-74.3% | 8.24M-85.1% | 55.1M+804.9% | 6.09M+76.7% | |
| -344M-13.5% | -303M+39.9% | -504M-274.7% | 289M+218.9% | -243M-53.7% | -158M+56.8% | ||
| Long-term debt issued | 476M | 0.00 | 0.00-100.0% | 500M-54.5% | 1.10B+617.5% | 153M-82.0% | |
| Long-term debt repaid | 454M+1452.1% | 29.3M-69.1% | 94.7M+254.0% | 26.8M-97.2% | 970M+406.8% | 191M-78.7% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 201M+159.5% | 77.4M-59.2% | 190M+264.9% | 52.0M-80.7% | 269M+331.9% | 62.2M-71.5% | |
| Dividends paid | 130M-36.6% | 204M-2.3% | 209M+96.0% | 107M+12.6% | 94.8M+46.2% | 64.9M-32.7% | |
| FX effect on cash | 4.34M+153.5% | -8.11M-431.4% | 2.45M+141.0% | -5.97M-1739.3% | 364K-72.6% | 1.33M-61.9% | |
| Net change in cash | -146M-71.3% | -85.2M+64.9% | -243M-152.3% | 465M+1006.6% | -51.3M-186.1% | 59.5M+146.6% | |
| Interest paid | 146M+0.4% | 145M-1.1% | 147M+1.7% | 144M+8.4% | 133M-2.2% | 136M-1.5% | |
| Income taxes paid | 49.1M-33.3% | 73.6M-2.1% | 75.2M+57.4% | 47.8M-12.8% | 54.8M+238.1% | 16.2M-53.4% | |
| Valuation Ratios | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofJan 1 ’23 | as ofJan 2 ’22 | as ofJan 3 ’21 | |
| Market cap | 1.59B-52.7% | 3.36B-16.3% | 4.02B-16.7% | 4.82B-8.4% | 5.26B+7.1% | 4.91B-3.6% | |
| P/E | 8.5×-50.8% | 17.4×-14.1% | 20.2×-21.1% | 25.6×-9.0% | 28.1×-39.5% | 46.5×+17.9% | |
| P/S | 0.7×-52.6% | 1.5×-17.6% | 1.8×-22.2% | 2.4×-14.4% | 2.8×-4.8% | 2.9×-4.0% | |
| P/B | 14.6×+12.5% | 12.9×+10.4% | 11.7×+6.4% | 11.0×+13.7% | 9.7×+2.9% | 9.4×+20.0% | |
| P/FCF | 6.7×-44.2% | 12.0×-23.8% | 15.7×-45.5% | 28.8×+57.8% | 18.3×-33.4% | 27.5×-13.3% | |
| Earnings yield | 11.7%+103.2% | 5.8%+16.5% | 4.9%+26.7% | 3.9%+9.9% | 3.6%+65.3% | 2.2%-15.2% | |
| FCF yield | 15.0%+79.2% | 8.4%+31.3% | 6.4%+83.5% | 3.5%-36.6% | 5.5%+50.2% | 3.6%+15.3% | |
| Dividend yield | 8.0%+32.4% | 6.1%+18.1% | 5.1%+132.3% | 2.2%+22.5% | 1.8%+36.3% | 1.3%-30.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: WEN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WEN filings on SEC EDGAR → Not investment advice.