Wendy's $WEN Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up Wendy's Co ($WEN). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-08-17. 16 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $2.2B (FY2025), total debt $2.8B. Experience: revenue down 3.1% on the year, up 3.5% a year over 4 years; operating margin 15.8%, down from 16.5%. Soundness: equity 2.4% of assets, return on equity 140.6%, payout 78.5% of profit, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.9B and $2.3B next year (method v4.1: its own 5-year record of growth weighed at 57% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $1.8B to $2.5B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, retail-eating & drinking places): operating margin 15.8% against a 6.1% median.
Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $345M · −$151M · −$344M · $243M |
| Investment book (cash · short · long) | $301M · — · $25M · current ratio 1.76 |
| Revenue swing · equity of assets | 5.4% · 2.4% |
Wendy's is growing slower than its size class, with steadier revenue. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-28 |
| Revenue | $2.2B |
| Revenue, on the year | −3.1% |
| Revenue, a year over the record | 3.5% |
| Operating margin | 15.8% |
| Operating margin, prior year | 16.5% |
| Net margin | 7.6% |
| Research and development | not filed separately |
| Total debt | $2.8B |
| Equity of assets | 2.4% |
| Return on equity | 140.6% |
| Payout of profit | 78.5% |
| Dividend per share | $0.67 · cut in the latest year |
| Earnings per share | $0.85 |
| Book value per share | $0.60 |
| Revenue per share | $11.22 |
| Shares outstanding | 194,032,000 |
| Audited years read | 5 |
Peers: the median of 8 filers with $50M+ revenue in retail-eating & drinking places.
Health HarborWendy's sails as: New ship
Health watch · 12 monthsDirector or officer change ×6
Sailing speed follows growth: 1.3% a year crosses the harbor in 76 seconds.
🌊 Visit the Bay →No warning signs on the measures below.
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 8-K · 2026-08-17 · 5.02 Departure or Election of Directors; Appointment of Officers
- 10-Q · 2026-08-07
- 8-K · 2026-08-07 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
- 8-K · 2026-07-28 · 5.02 Departure or Election of Directors; Appointment of Officers
- 8-K · 2026-06-23 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-09 · 5.02 Departure or Election of Directors; Appointment of Officers
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company