To the full analysis
Wendy's stock: growth
WENWendy's reported $2.18B in revenue for fiscal 2025, down 3.1% on the prior year, up 4.7% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
3%
per year from 2006 to 2025, per share −1.4%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
−3.9%
per year from 2006 to 2025, per share −8.1%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 4.7% | 1.5% | 3.0% |
| Revenue per share | 7.7% | 6.8% | −1.4% |
| Earnings | 7.0% | 0.2% | no data |
| Earnings per share | 9.9% | 5.4% | no data |
| Free cash flow | 2.4% | 26.7% | −3.9% |
| Free cash flow per share | 5.4% | 33.4% | −8.1% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $1.24B | −$10.93M | $521.73M |
| 2007 | $1.26B | $16.08M | −$52.9M |
| 2008 | $1.82B | −$479.74M | −$34.9M |
| 2009 | $2.44B | $5.06M | $196.88M |
| 2010 | $2.38B | −$4.33M | $78.28M |
| 2011 | $2.43B | $9.88M | $99.95M |
| 2012 | $2.51B | $7.08M | −$7.18M |
| 2013 | $2.42B | $45.49M | $105.6M |
| 2014 | $2B | $121.43M | −$43.7M |
| 2015 | $1.87B | $161.14M | $22.69M |
| 2016 | $1.44B | $129.62M | $43.8M |
| 2017 | $1.22B | $194.03M | $157.08M |
| 2018 | $1.59B | $460.12M | $154.37M |
| 2019 | $1.71B | $136.94M | $214.48M |
| 2020 | $1.73B | $117.83M | $215.39M |
| 2021 | $1.9B | $200.39M | $267.79M |
| 2022 | $2.1B | $177.37M | $174.36M |
| 2023 | $2.18B | $204.44M | $260.4M |
| 2024 | $2.25B | $194.36M | $260.92M |
| 2025 | $2.18B | $165.08M | $242.62M |
Revenue by segment
How The Wendy's Company makes its money and how that has shifted. Names are as the company reports them.
- Product42%
- Royalty23%
- Advertising19%
- Real Estate11%
- Franchise5%
Figures as a table
| 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|
| Product | $930.08M | $925.91M | $916.33M | 42.1% |
| Royalty | $512.16M | $528.39M | $504.55M | 23.2% |
| Advertising | $429M | $458.09M | $422.09M | 19.4% |
| Real Estate | $230.17M | $236.49M | $235.75M | 10.8% |
| Franchise | $80.17M | $97.61M | $98.18M | 4.5% |
| Total revenue | $2.18B | $2.25B | $2.18B | 100% |
Revenue by region
Where The Wendy's Company generates its revenue.
- United States91%
- Outside the US9%
Figures as a table
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|
| United States | $1.64B | $1.77B | $1.95B | $2.01B | $2.06B | $1.98B | 90.9% |
| Outside the US | $98.13M | $125M | $149.5M | $173.85M | $190.16M | $199.05M | 9.1% |
| Total revenue | $1.73B | $1.9B | $2.1B | $2.18B | $2.25B | $2.18B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 28 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 31 Mar 2021)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.