Wendy's Financial Ratios
NASDAQ: WENConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Wendy's ratio analysis
Wendy's earned a net margin of 7.6% in FY 2025, down from 8.7% a year earlier. Gross margin was 63.6% compared with a median of 64.5% over the prior 9 years. Return on equity reached 140.6%, meaning Wendy's generated 1.41 dollars of profit for every dollar of shareholders' equity, an unusually high figure that often reflects a small equity base after share buybacks.
Debt-to-equity stood at 23.51 versus 10.57 the year before, and the current ratio was 1.76. At the end of FY 2025, WEN traded at 9.8 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 8.3 to 42.2, with a median of 24.1. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Wendy's financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 9.82 | 17.37 | 20.08 | 27.60 | 26.80 | 42.15 | 38.21 | 8.31 | 21.32 | 27.59 |
| Price / sales | 0.74 | 1.50 | 1.87 | 2.31 | 2.78 | 2.83 | 2.98 | 2.34 | 3.28 | 2.47 |
| Price / book | 13.76 | 13.00 | 13.17 | 10.39 | 12.10 | 8.92 | 9.87 | 5.73 | 6.99 | 6.72 |
| Gross margin | 63.6% | 65.1% | 63.6% | 63.1% | 67.8% | 64.5% | 65.0% | 65.5% | 57.7% | 47.6% |
| Operating margin | 15.8% | 16.5% | 17.5% | 16.9% | 19.3% | 15.5% | 15.4% | 15.7% | 17.6% | 21.9% |
| Net margin | 7.6% | 8.7% | 9.4% | 8.5% | 10.6% | 6.8% | 8.0% | 28.9% | 15.9% | 9.0% |
| Free cash flow margin | 11.1% | 11.6% | 11.9% | 8.3% | 14.1% | 12.4% | 12.6% | 9.7% | 12.8% | 3.1% |
| Return on equity (ROE) | 140.6% | 74.9% | 66.0% | 38.1% | 45.9% | 21.4% | 26.5% | 71.0% | 33.8% | 24.6% |
| Return on assets (ROA) | 3.3% | 3.9% | 3.9% | 3.2% | 3.9% | 2.3% | 2.7% | 10.7% | 4.7% | 3.3% |
| Debt / equity | 23.51 | 10.57 | 8.92 | 6.12 | 5.46 | 4.09 | 4.42 | 3.59 | 4.81 | 4.76 |
| Current ratio | 1.76 | 1.85 | 2.19 | 2.73 | 1.39 | 1.66 | 1.58 | 2.34 | 1.78 | 1.97 |
| Revenue growth | -3.1% | 3.0% | 4.1% | 10.5% | 9.4% | 1.5% | 7.5% | 30.0% | -14.8% | -23.3% |
| EPS growth | -10.5% | -2.1% | 18.3% | -7.9% | 71.2% | -10.3% | -69.1% | 144.2% | 57.1% | 0.0% |