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Wendy's WEN Global Real Estate & Development — Goodwill, Acquired During Period

Other segment segments

Wendy's International
$0

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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$1.46B-25.4%
Enterprise value$5.14B-10.1%
P/E11.6×+1.4×
P/S0.7×-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
Debt / equity33.8×-2.4×
Current ratio1.9×+0.5×

Where this comes from

Reported directly by Wendy's in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.

The source filing: Wendy's’s 10-K, filed February 23, 2026.

Filed
Feb 23, 2026, 4:18 PM EST
Fiscal year
FY2025
Accession
0000030697-26-000009
Balance at December 31, 2023:Wendy’s U.S.Wendy’s InternationalGlobal Real Estate & DevelopmentTotal
Accumulated impairment losses (a)(9,397)(9,397)
Goodwill, net620,60328,317122,548771,468
Changes in goodwill:
Restaurant acquisitions1,2491,249
Currency translation adjustment1,3711,371
Balance at December 28, 2025:
Goodwill, gross621,85239,085122,548783,485
Accumulated impairment losses (a)(9,397)(9,397)

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Wendy's's global real estate & development — goodwill, acquired during period?
Wendy's (WEN) reported global real estate & development — goodwill, acquired during period of $0 in Q4 2025.
What does global real estate & development — goodwill, acquired during period mean?
Represents the value of goodwill recognized during the reporting period specifically attributable to the acquisition of assets or businesses within the real estate and development segment. This metric reflects the premium paid over the fair value of net identifiable assets, signaling strategic expansion or consolidation efforts in the company's property portfolio.

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