What is Wendy's's EV / EBITDA?

Wendy's (WEN) reported EV / EBITDA of 10.6× in Q1 2026.

How has Wendy's's EV / EBITDA changed year-over-year?

Wendy's's EV / EBITDA decreased by 12.0% year-over-year, from 12× to 10.6×.

What is the long-term trend for Wendy's's EV / EBITDA?

Over 5 years (2020 to 2025), Wendy's's EV / EBITDA has grown at a -11.2% compound annual growth rate (CAGR), from 19.3× to 10.6×.

What does EV / EBITDA mean?

Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

Wendy's WEN EV / EBITDA

EV / EBITDA at other companies

McDonald'sMCD

20.9×-1.8×

Yum! BrandsYUM

15.6×-1.2×

Restaurant Brands InternationalQSR

15×+0.9×

Biglari Holdings Inc.BH

39.1×—

WingstopWING

24.9×-15.9×

Papa John's InternationalPZZA

11.1×+0.6×

Other financials

Income statement

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Revenue$540.6M+3.3%

Gross profit$339.6M+1.3%

Operating income$64.9M-21.9%

Net income$22.7M-42.1%

EPS (diluted)$0.12-36.8%

Balance sheet

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Cash & equivalents$362.0M-6.9%

Total debt$4.1B+1.0%

Total equity$115.6M-11.3%

Total assets$4.9B+0.1%

Cash flow

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Operating cash flow$59.4M-30.5%

CapEx$11.9M-32.8%

Free cash flow$47.5M-29.9%

Valuation

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Market cap$1.5B-35.1%

Enterprise value$5.25B-12.4%

P/E10.1×-2.0×

P/S0.7×-0.3×

Profitability

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Gross margin63.3%-1.8pp

Operating margin14.8%-1.9pp

Net margin6.8%-1.8pp

FCF margin10.1%-0.9pp

Returns & leverage

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Return on equity120.9%+30.5pp

Debt / equity35.6×+4.3×

Current ratio1.8×+0.3×

Where this comes from

Calculated from Wendy's’s reported figures.

enterprise value/ebitda=10.6×

Based on the most recent quarter.

The official record: Wendy's’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wendy's's EV / EBITDA?: Wendy's (WEN) reported EV / EBITDA of 10.6× in Q1 2026.
How has Wendy's's EV / EBITDA changed year-over-year?: Wendy's's EV / EBITDA decreased by 12.0% year-over-year, from 12× to 10.6×.
What is the long-term trend for Wendy's's EV / EBITDA?: Over 5 years (2020 to 2025), Wendy's's EV / EBITDA has grown at a -11.2% compound annual growth rate (CAGR), from 19.3× to 10.6×.
What does EV / EBITDA mean?: Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.