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What this page is: Delvantic's full research page for The Wendy's Company (WEN) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
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any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Consumer Cyclical · Restaurants
Dublin, OH 43017, United States
wendys.com
Price
$7.37
Market Cap
$1.5B
Employees
4,967
Beta
0.38
Avg Volume
14,368,313
Last Dividend
$0.56
CEO
Mr. Robert D. Wright
The Wendy’s Company is a quick-service restaurant company focused on burger-centric menu offerings and a franchised operating model. The company serves made-to-order hamburgers, chicken sandwiches and nuggets, breakfast items, fries, salads, beverages, and its signature Frosty desserts through a mix of company-operated and franchised restaurants. Its business also includes franchise licensing, restaurant support services, and related real estate arrangements, making it an asset-light consumer brand with broad reach across the fast-food market. The Wendy’s Company is known for its emphasis on convenience, standardized operations, and brand-driven customer traffic, with a menu and service model designed for dine-in, drive-thru, delivery, and digital ordering channels. Headquartered in Dublin, Ohio, the company plays a significant role in the global quick-service restaurant industry.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 10 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Aug 7, 2026.
EPS surprise history — vs analyst consensus · 4 prints of vendor history
+20.0%
Nov '25
+14.3%
Feb '26
+20.0%
May '26
+12.5%
Aug '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Aug 7, 2026 | $0.16 | $0.18 +12.5% | — | — |
| May 8, 2026 | $0.10 | $0.12 +20.0% | — | — |
| Feb 13, 2026 | $0.14 | $0.16 +14.3% | — | — |
| Nov 7, 2025 | $0.20 | $0.24 +20.0% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 7, 2026 | 4 | View |
| Aug 7, 2026 | 4 | View |
| Aug 7, 2026 | 4 | View |
| Aug 7, 2026 | 4 | View |
| Aug 7, 2026 | 4 | View |
| Aug 7, 2026 | 10-Q | View |
| Aug 7, 2026 | 8-K | View |
| Jul 31, 2026 | SCHEDULE 13G | View |
| Jul 30, 2026 | SCHEDULE 13G/A | View |
| Jul 28, 2026 | 8-K | View |
| Jul 1, 2026 | 4 | View |
| Jul 1, 2026 | 4 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 11, 2026 10:58am (just now)
Current data · timestamped when a report runs
$7.40
Change · Aug 11
+0.09 (+1.30%)
Day Range
$7.24 – $7.41
52-Week Range
$6.07 – $10.84
50-Day MA
$7.39
200-Day MA
$7.70
Volume
81,262.00
Share Structure
Outstanding
190,450,000.00
Float
155,619,077.00
Free Float
81.7%
High free float
— 81.7% of shares trade freely, ~18.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
8.66
Stock Price: $7.37
EPS (Diluted): 0.85
EPS (Diluted): 0.85
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
12.17
Stock Price: $7.37
Total Equity: $117.38M
Shares: 194,032,000
Total Equity: $117.38M
Shares: 194,032,000
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
7.92
Market Cap: $1.46B
Total Debt: $2.76B
Cash: $300.83M
EBITDA: $495.67M
Total Debt: $2.76B
Cash: $300.83M
EBITDA: $495.67M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$3.9B
Market Cap: $1.46B
Total Debt: $2.76B
Cash: $300.83M
Total Debt: $2.76B
Cash: $300.83M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
63.6%
Gross Profit: $1.39B
Revenue: $2.18B
Revenue: $2.18B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
15.8%
Operating Income: $343.45M
Revenue: $2.18B
Revenue: $2.18B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
7.6%
Net Income: $165.08M
Revenue: $2.18B
Revenue: $2.18B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
140.6%
Net Income: $165.08M
Total Equity: $117.38M
Total Equity: $117.38M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
9.7%
Operating Income: $343.45M
Tax Rate: 27.4%
Equity: $117.38M
Total Debt: $2.76B
Cash: $300.83M
Tax Rate: 27.4%
Equity: $117.38M
Total Debt: $2.76B
Cash: $300.83M
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
1.76
Current Assets: $618.04M
Current Liabilities: $351.10M
Current Liabilities: $351.10M
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
23.51
Short-Term Debt: $29.75M
Long-Term Debt: $2.73B
Total Debt: $2.76B
Total Equity: $117.38M
Long-Term Debt: $2.73B
Total Debt: $2.76B
Total Equity: $117.38M
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$11.22
Revenue: $2.18B
Shares: 194,032,000
Shares: 194,032,000
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$0.60
Total Equity: $117.38M
Shares: 194,032,000
Shares: 194,032,000
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$1.25
Operating CF: $344.54M
CapEx: -$101.93M
Shares: 194,032,000
CapEx: -$101.93M
Shares: 194,032,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
7.6%
Last Dividend: $0.56
Stock Price: $7.37
Stock Price: $7.37
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
78.5%
Dividends Paid: -$129.59M
Net Income: $165.08M
Net Income: $165.08M
Income Statement (Annual)
Last updated: Aug 10, 2026 1:02pm (21h ago)| Metric | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.1B | $2.2B | $2.2B | $2.2B |
| Cost of Revenue | $611.7M | $773.2M | $794.5M | $783.2M | $791.7M |
| Gross Profit | $1.3B | $1.3B | $1.4B | $1.5B | $1.4B |
| Operating Expenses | $918.4M | $969.0M | $1.0B | $1.1B | $1.0B |
| Operating Income | $367.0M | $353.3M | $382.0M | $371.4M | $343.5M |
| Net Income | $200.4M | $177.4M | $204.4M | $194.4M | $165.1M |
| EBITDA | $492.5M | $486.7M | $517.8M | $514.6M | $495.7M |
| EPS | $0.91 | $0.83 | $0.98 | $0.95 | $0.85 |
| EPS (Diluted) | $0.89 | $0.82 | $0.97 | $0.95 | $0.85 |
Balance Sheet (Annual)
Last updated: Aug 10, 2026 1:02pm (21h ago)| Metric | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $249.4M | $745.9M | $516.0M | $450.5M | $300.8M |
| Total Current Assets | $592.8M | $1.1B | $837.7M | $736.1M | $618.0M |
| Total Assets | $5.1B | $5.5B | $5.2B | $5.0B | $5.0B |
| Current Liabilities | $426.9M | $388.0M | $381.9M | $397.6M | $351.1M |
| Long-Term Debt | $2.4B | $2.8B | $2.7B | $2.7B | $2.7B |
| Total Liabilities | $4.7B | $5.0B | $4.9B | $4.8B | $4.8B |
| Total Equity | $436.4M | $465.7M | $309.8M | $259.4M | $117.4M |
| Retained Earnings | $344.2M | $414.7M | $409.9M | $399.7M | $435.1M |
Cash Flow (Annual)
Last updated: Aug 10, 2026 1:02pm (21h ago)| Metric | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $345.8M | $259.9M | $345.4M | $355.3M | $344.5M |
| Capital Expenditure | -$78.0M | -$85.5M | -$85.0M | -$94.4M | -$101.9M |
| Free Cash Flow | $267.8M | $174.4M | $260.4M | $260.9M | $242.6M |
| Acquisitions (net) | -$123.1M | $0 | $0 | $0 | -$16.9M |
| Net Debt Issued / (Repaid) | $129.7M | $473.3M | -$94.7M | -$29.3M | $21.5M |
| Dividends Paid | -$94.8M | -$106.8M | -$209.3M | -$204.4M | -$129.6M |
| Stock Buybacks | -$268.5M | -$52.0M | -$189.6M | -$77.4M | -$200.8M |
| Net Change in Cash | -$51.3M | $464.8M | -$243.0M | -$85.2M | -$145.9M |
Growth Trends (YoY %)
Last updated: Aug 10, 2026 1:02pm (21h ago)| Metric | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +10.5% | +4.1% | +3.0% | -3.1% |
| Gross Profit Growth | +2.9% | +4.9% | +5.5% | -5.3% |
| Operating Income Growth | -3.7% | +8.1% | -2.8% | -7.5% |
| Net Income Growth | -11.5% | +15.3% | -4.9% | -15.1% |
| EBITDA Growth | -1.2% | +6.4% | -0.6% | -3.7% |
Dividend History (Last 20)
Last updated: Aug 10, 2026 1:02pm (21h ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-01 | $0.14 | — | — | — |
| 2026-03-02 | $0.14 | — | — | — |
| 2025-12-01 | $0.14 | — | — | — |
| 2025-09-02 | $0.14 | — | — | — |
| 2025-06-02 | $0.14 | — | — | — |
| 2025-03-03 | $0.25 | — | — | — |
| 2024-12-02 | $0.25 | — | — | — |
| 2024-09-03 | $0.25 | — | — | — |
| 2024-06-03 | $0.25 | — | — | — |
| 2024-02-29 | $0.25 | — | — | — |
| 2023-11-30 | $0.25 | — | — | — |
| 2023-08-31 | $0.25 | — | — | — |
| 2023-05-31 | $0.25 | — | — | — |
| 2023-02-28 | $0.25 | — | — | — |
| 2022-11-30 | $0.13 | — | — | — |
| 2022-08-31 | $0.13 | — | — | — |
| 2022-05-31 | $0.13 | — | — | — |
| 2022-03-04 | $0.13 | — | — | — |
| 2021-11-30 | $0.12 | — | — | — |
| 2021-08-31 | $0.12 | — | — | — |
Industry Benchmarks
Compares WEN against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for WEN — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for WEN — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for WEN — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for WEN — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.525 · a5aac093 · 2026-08-10 20:52:14