The Wendy's financials
$6.54+2.35%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 28 | FY24 Dec 29 | FY23 Dec 31 | FY22 Jan 1 | FY21 Jan 2 | FY20 Jan 3 | FY19 Dec 29 | FY18 Dec 30 | FY17 Dec 31 | FY16 Jan 1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.18B | $2.25B | $2.18B | $2.10B | $1.90B | $1.73B | $1.71B | $1.59B | $1.22B | $1.44B |
| Gross profit | $1.39B | $1.46B | $1.39B | $1.32B | $873.6M | $773.6M | $773.4M | $719.5M | $705.5M | $676.5M |
| Gross margin | 63.6% | 65.1% | 63.6% | 63.1% | 46.0% | 44.6% | 45.3% | 45.3% | 57.7% | 47.1% |
| Operating income | $343.5M | $371.4M | $382.0M | $346.5M | $333.4M | $266.2M | $261.3M | $249.4M | $253.8M | $242.8M |
| Net income | $165.1M | $194.4M | $204.4M | $177.4M | $200.4M | $117.8M | $136.9M | $460.1M | $194.0M | $129.6M |
| Net margin | 7.6% | 8.7% | 9.4% | 8.5% | 10.6% | 6.8% | 8.0% | 28.9% | 15.9% | 9.0% |
| Diluted EPS | $0.85 | $0.95 | $0.97 | $0.82 | $0.89 | $0.52 | $0.58 | $1.88 | $0.77 | $0.49 |
| EBITDA | $507.6M | $532.8M | $528.4M | $489.5M | $469.8M | $423.0M | $408.3M | $384.0M | $398.6M | $385.1M |
| Operating cash flow | $344.5M | $355.3M | $345.4M | $259.9M | $345.8M | $284.4M | $288.9M | $224.2M | $238.8M | $193.8M |
| Free cash flow | $242.6M | $260.9M | $260.4M | $174.4M | $267.8M | $215.4M | $214.5M | $154.4M | $157.1M | $43.8M |
| Diluted shares | 194.0M | 205.6M | 211.5M | 215.8M | 224.4M | 228.0M | 235.1M | 245.0M | 252.3M | 266.7M |
Balance sheet
| Period end | Dec 28 | Dec 29 | Dec 31 | Jan 1 | Jan 2 | Jan 3 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $300.8M | $450.5M | $516.0M | $745.9M | $249.4M | $307.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $3.43B | $3.34B | $3.35B | $3.44B | $2.96B | $2.77B |
| Total assets | $4.96B | $5.03B | $5.18B | $5.50B | $5.10B | $5.04B |
| Total liabilities | $4.84B | $4.78B | $4.87B | $5.03B | $4.66B | $4.49B |
| Shareholders' equity | $117.4M | $259.4M | $309.8M | $465.7M | $436.4M | $549.6M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology