WENWendy's Co
Retail-Eating & Drinking Places
- Revenue
- $2.2B
- 3.1% YoY
- Operating margin
- 15.8%
- 4.6% YoY
- EBITDA
- $496M
- 3.7% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 4.9×
- $2.4B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear209% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear96% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear16% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.9B | $2.2B | $2.2B | $2.2B | 3.1% |
| Operating income | $269M | $367M | $382M | $371M | $343M | 7.5% |
| Net income | $118M | $200M | $204M | $194M | $165M | 15% |
| Operating cash flow | $284M | $346M | $345M | $355M | $345M | 3.0% |
| Capex | $69M | $78M | $85M | $94M | $102M | 8.0% |
| Stock-based comp | $19M | $22M | $24M | $23M | $15M | 37% |
| Buybacks | $62M | $269M | $190M | $77M | $201M | 159% |
| Dividends | $65M | $95M | $209M | $204M | $130M | 37% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.