10x Insights
Loading account…
WEN

Wendy's Co

Ticker WENDUBLIN, OHFiscal year ends JanuaryBook value per share $0.63Diluted shares 191.1M

The Wendy’s Company (Nasdaq: WEN) operates, develops and franchises a global system of quick-service restaurants specializing in hamburgers and serving customers through dine-in, carryout, drive-thru and delivery. Its menu includes chicken sandwiches, tenders and nuggets, chili, fries, baked potatoes, salads, Frosty… From the company’s description.

In fiscal 2025, Wendy's Co reported revenue of $2.18B, down 3.1% from fiscal 2024, and net income of $165.07M. Its operating margin was 15.8%, and operations generated $344.54M in cash. Over the twelve months to Jun 28, 2026, revenue was $2.20B.

Fiscal year 2025 · ends 01-03Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-28
Sales & profitability
$2.18BFY2025
−3.1% year over year
Last 12 mo $2.20B
15.78%FY2025
−0.8 percentage points
Last 12 mo 13.63%
$165.07MFY2025
−15.1% year over year
Last 12 mo $126.06M
148.04%FY2025
+68.1 percentage points
Last 12 mo 104.64%
Cash & financing
$344.54MFY2025
−3.0% year over year
Last 12 mo $358.49M
$242.62MFY2025
−7.0% year over year
Last 12 mo $264.18M
29.25FY2025
Was 12.87× a year earlier
Last 12 mo 28.42
194.0MFY2025
−5.6% year over year
Last 12 mo 191.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Wendy's Co does

In the company’s own words

The Wendy’s Company (Nasdaq: WEN) operates, develops and franchises a global system of quick-service restaurants specializing in hamburgers and serving customers through dine-in, carryout, drive-thru and delivery. Its menu includes chicken sandwiches, tenders and nuggets, chili, fries, baked potatoes, salads, Frosty desserts and breakfast items. The company has three reportable segments: Wendy’s U.S., which operates and franchises U.S. restaurants; Wendy’s International, covering operations and franchising outside the U.S.; and Global Real Estate & Development, which leases or subleases restaurant sites to franchisees and provides development-related services. The business is predominantly franchised: at December 28, 2025, franchisees operated 6,963 of its 7,397 restaurants across the U.S. and 38 foreign countries and U.S. territories. The company employs approximately 14,900 people and traces its restaurant business to Wendy’s first location, opened in Columbus, Ohio, in 1969. Its website is www.wendys.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Retail
Headquarters
DUBLIN, OH
Fiscal year end
January
CIK
30697
SIC
5810

Financial performance, year by year

Fiscal 2012–2025 · USD
$-250.52M$501.05M$1.25B$2.00B$2.76B201220132014201620172018201920212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Wendy's Co — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

244
funds hold it
3 of 35
superinvestors hold it
$514.82M
held by funds, at market
33.8%
of shares held by funds

Superinvestors in Wendy's Co · what they did last quarter

Nelson PeltzINCREASED +0.1%
Trian Fund Management
6.0%of 13F portfolio
Prem WatsaINCREASED +144.9%
Fairfax Financial Holdings
2.5%of 13F portfolio
Bill NygrenDECREASED -5.8%
Harris Associates (Oakmark)
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Wendy's Co’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.07%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.04%of fund net assets
Schwab U.S. Dividend Equity ETF
SCHD · SCHWAB STRATEGIC TRUST
0.03%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Wendy's Co and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Wendy's Co's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Wendy's Co's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.