WEN NASDAQ
The Wendy's Company
1W: -7.3%
1M: -5.5%
3M: -19.3%
YTD: -22.8%
1Y: -30.2%
3Y: -63.5%
5Y: -66.1%
$6.14
-0.05 (-0.81%)
After Hours: $6.15 (+0.01, +0.16%)
Weekly Expected Move ±5.6%
$6
$6
$6
$7
$7
Credit Risk of going bust: higher than 85% of companies Debt: 77.5% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the second-riskiest tenth, about 1 in 87 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.96 (down 84%), The Wendy's Company would be worth roughly what it owes.
Total debt $4.07B against a stock market value of $1.18B.
Distance to default 2.11 (Merton model): prices to 2026-10-26, balance sheet 2026-06-28, debt counted $1.39B (short-term plus half of long-term), stock volatility 59.4%; Altman Z'' 1.18. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $0.96 (down 84%), The Wendy's Company would be worth roughly what it owes.
Total debt $4.07B against a stock market value of $1.18B.
Distance to default 2.11 (Merton model): prices to 2026-10-26, balance sheet 2026-06-28, debt counted $1.39B (short-term plus half of long-term), stock volatility 59.4%; Altman Z'' 1.18. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
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Income Statement
Cash Flow
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Institutions
ETF Exposure
Dark Pool
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Cash Flow Trends
Operating Cash Flow
$345M
-3.0% ▼
5Y CAGR: +3.9%
Capital Expenditures
$102M
-8.0% ▼
5Y CAGR: +8.1%
Free Cash Flow
$243M
-7.0% ▼
5Y CAGR: +2.4%
Dividends Paid
$130M
+36.6% ▲
Buybacks
$201M
-159.5% ▼
Net Change in Cash
-$164M
-92.0% ▼
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $200M | $177M | $204M | $194M | $165M |
| Depreciation & Amort. | $126M | $136M | $149M | $158M | $171M |
| Stock-Based Comp. | $22M | $25M | $24M | $23M | $15M |
| Change in Working Capital | $31M | -$45M | -$23M | -$21M | -$52M |
| Other Non-Cash Items | -$19M | -$37M | -$8M | $7M | $46M |
| Operating Cash Flow | $346M | $260M | $345M | $355M | $345M |
| — Investing Activities — | |||||
| Capital Expenditures | -$78M | -$86M | -$85M | -$94M | -$102M |
| Acquisitions (Net) | -$68M | $8M | $2M | $0 | -$17M |
| Investment Purchases | -$10M | -$4M | $0 | $0 | $0 |
| Investment Sales | $63K | $0 | $31K | $0 | $0 |
| Other Investing | $1M | $3M | -$4M | -$35M | -$32M |
| Investing Cash Flow | -$155M | -$78M | -$87M | -$129M | -$151M |
| — Financing Activities — | |||||
| Net Debt Issuance | $116M | $456M | -$116M | -$50M | -$13M |
| Stock Repurchased | -$269M | -$52M | -$190M | -$77M | -$201M |
| Dividends Paid | -$95M | -$107M | -$209M | -$204M | -$130M |
| Other Financing | $5M | -$9M | $11M | $28M | -$3M |
| Financing Cash Flow | -$243M | $289M | -$504M | -$303M | -$344M |
| Net Change in Cash | -$51M | $465M | -$243M | -$85M | -$164M |
| Cash End of Period | $367M | $832M | $589M | $504M | $340M |
| Free Cash Flow | $268M | $174M | $260M | $261M | $243M |