| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | 2 | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡ |
|
| 2026 | 0.42 |
—
—
—
|
| 2025 | 0.67 |
—
—
—
—
|
| 2024 | 1.00 |
—
—
—
—
|
| 2023 | 1.00 |
—
—
—
—
|
| 2022 | 0.50 |
—
—
—
—
|
| 2021 | 0.43 |
—
—
—
—
|
| 2020 | 0.29 |
—
—
—
—
|
| 2019 | 0.42 |
—
—
—
—
|
| 2018 | 0.34 |
—
—
—
—
|
| 2017 | 0.28 |
—
—
—
—
|
| 2016 | 0.25 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 551.89 | 484.99 | 340.04 | 380.00 |
| Receivables | 121.68 | 99.93 | 117.33 | 109.25 |
| Inventory | 6.69 | 6.53 | 7.39 | 7.04 |
| Other | 117.76 | 99.13 | 97.87 | 102.90 |
| 837.65 | 736.14 | 618.04 | 678.10 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 27.37 | 28.46 | 30.45 | 21.44 |
| ST’ Debt | 29.25 | 78.16 | 29.75 | 29.75 |
| Other | 120.56 | 100.21 | 96.45 | 102.08 |
| 381.93 | 397.63 | 351.10 | 357.47 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 540.64 | 570.57 | — | — |
—
|
| ’25 | 523.47 | 560.93 | 549.52 | 542.97 |
2,176.89
|
| ’24 | 534.75 | 570.73 | 566.74 | 574.27 |
2,246.49
|
| ’23 | 528.81 | 561.57 | 550.56 | 540.65 |
2,181.58
|
| ’22 | 488.64 | 537.78 | 532.57 | 536.51 |
2,095.51
|
| ’21 | 460.20 | 493.34 | 470.26 | 473.20 |
1,897.00
|
| ’20 | 404.96 | 402.31 | 452.24 | 474.32 |
1,733.83
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 59.39 | 100.57 | — | — |
—
|
| ’25 | 85.42 | 60.59 | 129.26 | 69.28 |
344.54
|
| ’24 | 99.99 | 45.48 | 141.22 | 68.63 |
355.31
|
| ’23 | 52.98 | 88.53 | 128.02 | 75.89 |
345.42
|
| ’22 | 20.98 | 77.21 | 84.44 | 77.27 |
259.90
|
| ’21 | 85.83 | 72.92 | 117.92 | 69.10 |
345.77
|
| ’20 | (19.37) | 49.93 | 175.20 | 78.60 |
284.36
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 45.72 | 71.80 | — | — |
—
|
| ’25 | 61.98 | 28.46 | 99.17 | 14.60 |
204.21
|
| ’24 | 77.92 | 22.20 | 116.38 | 3.17 |
219.67
|
| ’23 | 40.80 | 70.42 | 100.94 | 40.28 |
252.44
|
| ’22 | 7.79 | 59.16 | 66.89 | 36.91 |
170.76
|
| ’21 | 75.47 | 59.22 | 151.25 | (18.14) |
267.79
|
| ’20 | (32.00) | 33.16 | 163.29 | 50.94 |
215.39
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.12 | 0.17 | — | — |
—
|
| ’25 | 0.19 | 0.29 | 0.23 | 0.14 |
0.85
|
| ’24 | 0.20 | 0.27 | 0.25 | 0.23 |
0.95
|
| ’23 | 0.19 | 0.28 | 0.28 | 0.23 |
0.97
|
| ’22 | 0.17 | 0.22 | 0.24 | 0.19 |
0.82
|
| ’21 | 0.18 | 0.29 | 0.18 | 0.24 |
0.89
|
| ’20 | 0.06 | 0.11 | 0.17 | 0.17 |
0.52
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 15.77 | 18.19 | 15.62 | 7.83 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 24.48 | 23.90 | 20.65 | 16.48 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14,500 | 15,300 | 14,500 | 14,900 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.14 | 0.14 | 0.15 | 0.15 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,095.51 | 2,181.58 | 2,246.49 | 2,176.89 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 60.87% | 60.96% | 62.12% | 59.91% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 243.51 | 279.42 | 272.41 | 227.25 | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.62% | 12.81% | 12.13% | 10.44% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 177.37 | 204.44 | 194.36 | 165.08 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 135.81 | 148.57 | 157.94 | 170.87 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.80 | 10.41 | 10.99 | 11.26 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 0.83 | 0.98 | 0.95 | 0.85 | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.22 | 1.65 | 1.74 | 1.78 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.42) | (0.44) | (0.66) | (0.73) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.80 | 1.21 | 1.08 | 1.06 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.18 | 1.48 | 1.27 | 0.61 | ‡‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 213.77 | 209.49 | 204.35 | 193.41 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 26.51 | 19.74 | 17.16 | 9.69 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.24 | 1.86 | 1.48 | 0.74 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.10 | 13.09 | 12.84 | 13.72 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.51 | 3.13 | 2.74 | 2.15 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 43.02 | 27.07 | 28.05 | 22.91 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 259.90 | 345.42 | 355.31 | 344.54 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (89.15) | (92.97) | (135.63) | (140.34) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 170.76 | 252.44 | 219.67 | 204.21 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 670.28 | 455.72 | 338.51 | 266.94 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,423.32 | 3,330.83 | 3,315.66 | 3,406.97 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,642.23 | 2,778.95 | 2,830.66 | 3,066.93 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 465.72 | 309.78 | 259.35 | 117.38 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.35% | 3.83% | 3.80% | 3.30% | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.11% | 7.73% | 7.51% | 6.74% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 39.32% | 52.72% | 68.30% | 87.63% | ‡‡‡‡‡ | — | — |
ROE
|
Wendy’s has resiliently grown revenue at a 5.7% CAGR to $2.25 billion by 2024, fueled by operational efficiency—revenue per employee up 53%, per share doubled via aggressive buybacks—and digital pivots through crises like COVID and cyberattacks. Yet, beneath the square-patty shine, profitability margins have merely stabilized, net income remains volatile, and free cash flow, while supportive of rising dividends, faces pressure from intensifying capex on remodels and tech. This sets up a provocative disconnect: fundamentals like 135% FCF/share growth clash with a stock languishing 20% below analyst lows, trading at a compressed 17x PE amid sector skepticism.
The balance sheet raises red flags—debt ballooned to $3.32 billion, equity shrank, yielding eye-popping 68% ROE but exposing vulnerabilities to rate hikes and slowdowns. Insider action splits the signal: executive buys amid dips versus heavy net selling, while 2025 projections flag a revenue dip (-3%) and EPS drop, shadowed by Taco Bell value wars and health-food shifts. Valuation metrics scream undervaluation versus historical norms, hinting at oversold potential if execution clicks.
At this crossroads, Wendy’s AI drive-thru tests and breakfast push offer defensive moats, but high leverage and competition demand vigilance—monitor Q1 2026 same-store sales for buy signals. Cautiously overweight for dividend hunters eyeing 10-15% returns, but trim on misses; the full analysis unpacks if this fast-food veteran can outrun its debt drag or fade like peers.
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