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Wendy's WEN Wendys U.S. — Goodwill, Acquired During Period

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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 wendys U.S. — goodwill, acquired during period?
Wendy's (WEN) reported wendys U.S. — goodwill, acquired during period of $312.25K in Q4 2025.
What is the long-term trend for Wendy's's wendys U.S. — goodwill, acquired during period?
Over 2 years (2021 to 2025), Wendy's's wendys U.S. — goodwill, acquired during period has grown at a -76.9% compound annual growth rate (CAGR), from $23.44M to $1.25M.
What does wendys U.S. — goodwill, acquired during period mean?
The value of goodwill recognized on the balance sheet specifically from business acquisitions completed within the U.S. segment during the current reporting period. This reflects the premium paid for acquired restaurant operations or franchise rights above the fair value of their tangible assets. It is a key indicator of the company's inorganic growth strategy and expansion activity.

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