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Wendy's WEN Debt-to-equity

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Other financials

Income statement

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Revenue$570.6M+1.7%
Gross profit$363.3M-0.3%
Operating income$79.3M-24.0%
Net income$32.6M-40.8%
EPS (diluted)$0.17-41.4%

Balance sheet

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Cash & equivalents$394.8M+19.6%
Total debt$4.1B-0.4%
Total equity$120.5M+6.7%
Total assets$4.9B-0.2%

Cash flow

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Operating cash flow$100.6M+66.0%
CapEx$19.6M-8.5%
Free cash flow$81.0M+107%

Valuation

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Market cap$1.41B-27.0%
Enterprise value$5.09B-10.6%
P/E11.2×+1.1×
P/S0.6×-0.2×

Profitability

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Gross margin63%-2.1pp
Operating margin13.6%-3.4pp
Net margin5.7%-2.9pp
FCF margin12%+0.4pp

Returns & leverage

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Return on equity108%+8.7pp
Current ratio1.9×+0.5×

Where this comes from

Calculated from Wendy's’s reported figures.

Based on the most recent quarter.

The source filing: Wendy's’s 10-Q, filed August 7, 2026. Open the filing →

Filed
Aug 7, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q3 2026
Accession
0000030697-26-000116

FAQ

What is Wendy's's debt-to-equity?
Wendy's (WEN) reported debt-to-equity of 33.8× in Q2 2026.
How has Wendy's's debt-to-equity changed year-over-year?
Wendy's's debt-to-equity decreased by 6.7% year-over-year, from 36.2× to 33.8×.
What is the long-term trend for Wendy's's debt-to-equity?
Over 5 years (2020 to 2025), Wendy's's debt-to-equity has grown at a 39.5% compound annual growth rate (CAGR), from 6.7× to 35.3×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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