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The Wendy’s Company is the second-largest burger quick-service restaurant, or QSR, chain in the United States by systemwide sales, with $12.6 billion in 2024, narrowly edging Burger King ($11.5 billion) and clocking in well behind wide-moat McDonald’s ($51.1 billion). After divestitures of Tim Hortons (2006) and Arby’s (2011), the firm manages just the burger banner, generating sales across a footprint that spanned more than 7,200 total stores in 30 countries as of year-end 2024. Wendy’s generates revenue from the sale of hamburgers, chicken sandwiches, salads, and fries throughout its company-owned footprint, through franchise royalty and marketing fund payments remitted by its franchisees, which account for roughly 94% of stores, and through franchise flipping and advisory fees.
1929
14.5K+
LTM Revenue $2.2B
LTM EBITDA $545M
$6.2B
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Wendy's has a last 12-month revenue of $2.2B and a last 12-month EBITDA of $545M.
In the most recent fiscal year, Wendy's achieved revenue of $2.2B and an EBITDA of $554M.
Wendy's expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Wendy's valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | XXX | XXX | XXX |
| Gross Profit | $721M | $623M | XXX | XXX | XXX |
| Gross Margin | 33% | 28% | XXX | XXX | XXX |
| EBITDA | $552M | $554M | XXX | XXX | XXX |
| EBITDA Margin | 25% | 25% | XXX | XXX | XXX |
| Net Profit | $177M | $204M | XXX | XXX | XXX |
| Net Margin | 8% | 9% | XXX | XXX | XXX |
| Net Debt | $2.1B | $2.2B | XXX | XXX | XXX |
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As of April 15, 2025, Wendy's's stock price is $13.
Wendy's has current market cap of $2.6B, and EV of $6.2B.
See Wendy's trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6.2B | $2.6B | XXX | XXX | XXX | XXX | $1.00 |
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Sign UpAs of April 15, 2025, Wendy's has market cap of $2.6B and EV of $6.2B.
Wendy's's trades at 2.8x LTM EV/Revenue multiple, and 11.4x LTM EBITDA.
Analysts estimate Wendy's's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Wendy's and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $6.2B | XXX | XXX | XXX |
| EV/Revenue | 2.8x | XXX | XXX | XXX |
| EV/EBITDA | 11.3x | XXX | XXX | XXX |
| P/E | 13.3x | XXX | XXX | XXX |
| P/E/Growth | 2.6x | XXX | XXX | XXX |
| EV/FCF | 23.9x | XXX | XXX | XXX |
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Sign UpWendy's's NTM/LTM revenue growth is 1%
Wendy's's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $28K for the same period.
Over next 12 months, Wendy's's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Wendy's's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Wendy's and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 0% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 26% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $28K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 11% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 18% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Americana Restaurants | XXX | XXX | XXX | XXX | XXX | XXX |
| Collins Foods | XXX | XXX | XXX | XXX | XXX | XXX |
| Domino's Pizza Enterprises | XXX | XXX | XXX | XXX | XXX | XXX |
| Endeavour Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Guzman y Gomez | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Wendy's acquired XXX companies to date.
Last acquisition by Wendy's was XXXXXXXX, XXXXX XXXXX XXXXXX . Wendy's acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Wendy's founded? | Wendy's was founded in 1929. |
| Where is Wendy's headquartered? | Wendy's is headquartered in United States of America. |
| How many employees does Wendy's have? | As of today, Wendy's has 14.5K+ employees. |
| Who is the CEO of Wendy's? | Wendy's's CEO is Mr. Kirk C Tanner. |
| Is Wendy's publicy listed? | Yes, Wendy's is a public company listed on NAS. |
| What is the stock symbol of Wendy's? | Wendy's trades under WEN ticker. |
| When did Wendy's go public? | Wendy's went public in 1981. |
| Who are competitors of Wendy's? | Similar companies to Wendy's include e.g. Americana Restaurants, Collins Foods, Domino's Pizza Enterprises, Endeavour Group. |
| What is the current market cap of Wendy's? | Wendy's's current market cap is $2.6B |
| What is the current revenue of Wendy's? | Wendy's's last 12-month revenue is $2.2B. |
| What is the current EBITDA of Wendy's? | Wendy's's last 12-month EBITDA is $545M. |
| What is the current EV/Revenue multiple of Wendy's? | Current revenue multiple of Wendy's is 2.8x. |
| What is the current EV/EBITDA multiple of Wendy's? | Current EBITDA multiple of Wendy's is 11.4x. |
| What is the current revenue growth of Wendy's? | Wendy's revenue growth between 2023 and 2024 was 3%. |
| Is Wendy's profitable? | Yes, Wendy's is EBITDA-positive (as of the last 12 months). |
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