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Wendy's WEN Return on invested capital

Return on invested capital at other companies

McDonald's logo
McDonald'sMCD
25.3%+5.5pp
Restaurant Brands International logo
Restaurant Brands InternationalQSR
9.9%-0.5pp
BH
Biglari Holdings Inc.BH
-2.1%-1.0pp
Wingstop logo
WingstopWING
43%-7.7pp
Papa John's International logo
Papa John's InternationalPZZA
11.5%-10.8pp
Dutch Bros logo
Dutch BrosBROS
11.4%+1.8pp

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.

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 return on invested capital?
Wendy's (WEN) reported return on invested capital of 6.1% in Q1 2026.
How has Wendy's's return on invested capital changed year-over-year?
Wendy's's return on invested capital decreased by 12.3% year-over-year, from 6.9% to 6.1%.
What is the long-term trend for Wendy's's return on invested capital?
Over 5 years (2020 to 2025), Wendy's's return on invested capital has grown at a 4.0% compound annual growth rate (CAGR), from 5.3% to 6.4%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.