What is Wendy's's net margin?

Wendy's (WEN) reported net margin of 6.8% in Q1 2026.

How has Wendy's's net margin changed year-over-year?

Wendy's's net margin decreased by 21.0% year-over-year, from 8.6% to 6.8%.

What is the long-term trend for Wendy's's net margin?

Over 5 years (2020 to 2025), Wendy's's net margin has grown at a 2.2% compound annual growth rate (CAGR), from 6.8% to 7.6%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Wendy's WEN Net margin

Net margin at other companies

McDonald'sMCD

31.6%-0.1pp

Yum! BrandsYUM

20.5%+2.1pp

Restaurant Brands InternationalQSR

13.5%-1.7pp

Biglari Holdings Inc.BH

-4.7%-2.0pp

WingstopWING

15.8%-10.7pp

Papa John's InternationalPZZA

1.4%-2.4pp

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

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.

net income/total revenue=6.8%

Based on trailing twelve months.

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 net margin?: Wendy's (WEN) reported net margin of 6.8% in Q1 2026.
How has Wendy's's net margin changed year-over-year?: Wendy's's net margin decreased by 21.0% year-over-year, from 8.6% to 6.8%.
What is the long-term trend for Wendy's's net margin?: Over 5 years (2020 to 2025), Wendy's's net margin has grown at a 2.2% compound annual growth rate (CAGR), from 6.8% to 7.6%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.