The Wendy’s Co
The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. It also owns a… Read more
The Wendy’s Co (WEN) - Net Assets
Latest net assets as of September 2025: $117.38 Million USD
Based on the latest financial reports, The Wendy’s Co (WEN) has net assets worth $117.38 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.96 Billion) and total liabilities ($4.84 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $117.38 Million |
| % of Total Assets | 2.37% |
| Annual Growth Rate | 0.48% |
| 5-Year Change | -73.1% |
| 10-Year Change | -77.76% |
| Growth Volatility | 269.59 |
The Wendy’s Co - Net Assets Trend (1985–2025)
This chart illustrates how The Wendy’s Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Wendy’s Co (1985–2025)
The table below shows the annual net assets of The Wendy’s Co from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $117.38 Million | -54.74% |
| 2024-12-31 | $259.35 Million | -16.28% |
| 2023-12-31 | $309.78 Million | -33.48% |
| 2022-12-31 | $465.72 Million | +6.72% |
| 2021-12-31 | $436.40 Million | -20.60% |
| 2020-12-31 | $549.60 Million | +6.44% |
| 2019-12-31 | $516.36 Million | -20.37% |
| 2018-12-31 | $648.45 Million | +13.13% |
| 2017-12-31 | $573.20 Million | +8.62% |
| 2016-12-31 | $527.74 Million | -29.91% |
| 2015-12-31 | $752.91 Million | -56.16% |
| 2014-12-31 | $1.72 Billion | -10.98% |
| 2013-12-31 | $1.93 Billion | -2.84% |
| 2012-12-31 | $1.99 Billion | -0.51% |
| 2011-12-31 | $2.00 Billion | -7.72% |
| 2010-12-31 | $2.16 Billion | -7.41% |
| 2009-12-31 | $2.34 Billion | -1.98% |
| 2008-12-31 | $2.38 Billion | +429.85% |
| 2007-12-31 | $449.83 Million | -7.98% |
| 2006-12-31 | $488.87 Million | +11.36% |
| 2005-12-31 | $439.00 Million | +39.88% |
| 2004-12-31 | $313.83 Million | +9.12% |
| 2003-12-31 | $287.61 Million | -13.56% |
| 2002-12-31 | $332.74 Million | +0.10% |
| 2001-12-31 | $332.40 Million | +17.74% |
| 2000-12-31 | $282.31 Million | +269.35% |
| 1999-12-31 | $-166.70 Million | -1629.36% |
| 1998-12-31 | $10.90 Million | -75.23% |
| 1997-12-31 | $44.00 Million | +8.64% |
| 1996-12-31 | $40.50 Million | +95.65% |
| 1995-12-31 | $20.70 Million | -48.25% |
| 1994-12-31 | $40.00 Million | +73.91% |
| 1993-12-31 | $23.00 Million | -65.31% |
| 1992-12-31 | $66.30 Million | -48.08% |
| 1991-12-31 | $127.70 Million | +7.85% |
| 1990-12-31 | $118.40 Million | -12.56% |
| 1989-12-31 | $135.40 Million | +16.72% |
| 1988-12-31 | $116.00 Million | -26.44% |
| 1987-12-31 | $157.70 Million | +35.71% |
| 1986-12-31 | $116.20 Million | +19.92% |
| 1985-12-31 | $96.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Wendy’s Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1051.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $435.12 Million | 370.69% |
| Common Stock | $47.04 Million | 40.08% |
| Other Comprehensive Income | $-63.97 Million | -54.50% |
| Total Equity | $117.38 Million | 100.00% |
The Wendy’s Co Competitors by Market Cap
The table below lists competitors of The Wendy’s Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Xianglu Tungsten Co Ltd
SHE:002842
|
$1.02 Billion |
|
Hapag Lloyd AG
XETRA:HLAG
|
$1.02 Billion |
|
Zhejiang Expressway Co. Ltd
PINK:ZHEXF
|
$1.02 Billion |
|
PT Pantai Indah Kapuk Dua Tbk
JK:PANI
|
$1.02 Billion |
|
United States Antimony Corporation
NYSE MKT:UAMY
|
$1.02 Billion |
|
Formula Systems (1985) Ltd
F:FSY
|
$1.01 Billion |
|
AQ Group AB (publ)
F:7AQ0
|
$1.01 Billion |
|
Castrol India Limited
NSE:CASTROLIND
|
$1.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Wendy’s Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 259,352,000 to 117,383,000, a change of -141,969,000 (-54.7%).
- Net income of 165,075,000 contributed positively to equity growth.
- Dividend payments of 129,586,999 reduced retained earnings.
- Share repurchases of 200,766,000 reduced equity.
- Other comprehensive income increased equity by 10,785,001.
- Other factors increased equity by 12,523,998.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $165.07 Million | +140.63% |
| Dividends Paid | $129.59 Million | -110.4% |
| Share Repurchases | $200.77 Million | -171.03% |
| Other Comprehensive Income | $10.79 Million | +9.19% |
| Other Changes | $12.52 Million | +10.67% |
| Total Change | $- | -54.74% |
Book Value vs Market Value Analysis
This analysis compares The Wendy’s Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 11.55x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.21x to 11.55x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $5.77 | $6.99 | x |
| 1986-12-31 | $5.69 | $6.99 | x |
| 1987-12-31 | $9.12 | $6.99 | x |
| 1988-12-31 | $4.35 | $6.99 | x |
| 1989-12-31 | $4.31 | $6.99 | x |
| 1990-12-31 | $3.57 | $6.99 | x |
| 1991-12-31 | $3.34 | $6.99 | x |
| 1992-12-31 | $1.41 | $6.99 | x |
| 1993-12-31 | $-0.18 | $6.99 | x |
| 1994-12-31 | $1.73 | $6.99 | x |
| 1995-12-31 | $0.69 | $6.99 | x |
| 1996-12-31 | $0.23 | $6.99 | x |
| 1997-12-31 | $1.43 | $6.99 | x |
| 1998-12-31 | $0.35 | $6.99 | x |
| 1999-12-31 | $-6.19 | $6.99 | x |
| 2000-12-31 | $12.15 | $6.99 | x |
| 2001-12-31 | $14.65 | $6.99 | x |
| 2002-12-31 | $16.27 | $6.99 | x |
| 2003-12-31 | $14.38 | $6.99 | x |
| 2004-12-31 | $12.95 | $6.99 | x |
| 2005-12-31 | $5.62 | $6.99 | x |
| 2006-12-31 | $5.64 | $6.99 | x |
| 2007-12-31 | $4.95 | $6.99 | x |
| 2008-12-31 | $17.31 | $6.99 | x |
| 2009-12-31 | $5.01 | $6.99 | x |
| 2010-12-31 | $5.06 | $6.99 | x |
| 2011-12-31 | $4.90 | $6.99 | x |
| 2012-12-31 | $5.06 | $6.99 | x |
| 2013-12-31 | $4.84 | $6.99 | x |
| 2014-12-31 | $4.57 | $6.99 | x |
| 2015-12-31 | $2.29 | $6.99 | x |
| 2016-12-31 | $1.98 | $6.99 | x |
| 2017-12-31 | $2.27 | $6.99 | x |
| 2018-12-31 | $2.65 | $6.99 | x |
| 2019-12-31 | $2.20 | $6.99 | x |
| 2020-12-31 | $2.41 | $6.99 | x |
| 2021-12-31 | $1.94 | $6.99 | x |
| 2022-12-31 | $2.16 | $6.99 | x |
| 2023-12-31 | $1.46 | $6.99 | x |
| 2024-12-31 | $1.26 | $6.99 | x |
| 2025-12-31 | $0.60 | $6.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Wendy’s Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 140.63%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.58%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 42.23x
- Recent ROE (140.63%) is above the historical average (6.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | -8.05% | -0.72% | 1.22x | 9.14x | $-17.49 Million |
| 1986 | 13.17% | 1.33% | 1.32x | 7.54x | $3.68 Million |
| 1987 | 23.02% | 3.31% | 1.20x | 5.79x | $20.53 Million |
| 1988 | -0.69% | -0.07% | 1.27x | 8.00x | $-12.40 Million |
| 1989 | -11.82% | -1.05% | 1.33x | 8.51x | $-23.81 Million |
| 1990 | -19.03% | -1.45% | 1.33x | 9.91x | $-26.85 Million |
| 1991 | -8.67% | -0.59% | 1.45x | 10.19x | $-16.15 Million |
| 1992 | -164.56% | -5.66% | 1.16x | 25.02x | $-63.54 Million |
| 1994 | -20.25% | -0.76% | 1.15x | 23.06x | $-12.10 Million |
| 1995 | -178.74% | -3.41% | 1.00x | 52.46x | $-39.07 Million |
| 1996 | -204.41% | -1.60% | 1.02x | 125.65x | $-14.58 Million |
| 1997 | -8.41% | -0.47% | 0.79x | 22.84x | $-8.10 Million |
| 1998 | 134.28% | 18.75% | 0.08x | 93.57x | $13.55 Million |
| 1999 | 0.00% | 12.46% | 0.07x | 0.00x | $26.79 Million |
| 2000 | 163.62% | 529.48% | 0.08x | 3.78x | $433.69 Million |
| 2001 | 15.77% | 56.47% | 0.11x | 2.61x | $19.18 Million |
| 2002 | 0.40% | 1.37% | 0.10x | 2.91x | $-31.93 Million |
| 2003 | -3.77% | -3.69% | 0.28x | 3.63x | $-39.60 Million |
| 2004 | 4.60% | 4.24% | 0.31x | 3.52x | $-16.37 Million |
| 2005 | -14.06% | -7.65% | 0.26x | 7.10x | $-95.18 Million |
| 2006 | -2.30% | -0.88% | 0.80x | 3.29x | $-58.40 Million |
| 2007 | 3.58% | 1.27% | 0.87x | 3.24x | $-28.81 Million |
| 2008 | -20.13% | -26.32% | 0.39x | 1.95x | $-718.07 Million |
| 2009 | 0.22% | 0.21% | 0.49x | 2.13x | $-228.57 Million |
| 2010 | -0.20% | -0.18% | 0.50x | 2.19x | $-220.64 Million |
| 2011 | 0.49% | 0.41% | 0.57x | 2.15x | $-189.73 Million |
| 2012 | 0.36% | 0.28% | 0.58x | 2.17x | $-191.50 Million |
| 2013 | 2.36% | 1.88% | 0.56x | 2.26x | $-147.46 Million |
| 2014 | 7.07% | 6.08% | 0.48x | 2.41x | $-50.32 Million |
| 2015 | 21.40% | 8.62% | 0.46x | 5.46x | $85.85 Million |
| 2016 | 24.56% | 9.03% | 0.36x | 7.46x | $76.85 Million |
| 2017 | 33.85% | 15.86% | 0.30x | 7.15x | $136.71 Million |
| 2018 | 70.96% | 28.94% | 0.37x | 6.62x | $395.27 Million |
| 2019 | 26.52% | 8.01% | 0.34x | 9.67x | $85.30 Million |
| 2020 | 21.44% | 6.80% | 0.34x | 9.17x | $62.87 Million |
| 2021 | 45.92% | 10.56% | 0.37x | 11.69x | $156.75 Million |
| 2022 | 38.09% | 8.46% | 0.38x | 11.81x | $130.80 Million |
| 2023 | 66.00% | 9.37% | 0.42x | 16.73x | $173.46 Million |
| 2024 | 74.94% | 8.65% | 0.45x | 19.41x | $168.42 Million |
| 2025 | 140.63% | 7.58% | 0.44x | 42.23x | $153.34 Million |
Industry Comparison
This section compares The Wendy’s Co's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $220,872,292
- Average return on equity (ROE) among peers: -3.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Wendy’s Co (WEN) | $117.38 Million | -8.05% | 41.23x | $1.02 Billion |
| Alsea S.A.B. de C.V (ALSSF) | $1.19 Billion | 10.33% | 0.43x | $902.51 Million |
| Arcos Dorados Holdings Inc (ARCO) | $351.58 Million | 22.42% | 3.28x | $932.27 Million |
| AmRest Holdings SE (ARHOF) | $400.70 Million | 11.21% | 4.87x | $477.90 Million |
| Ark Restaurants Corp (ARKR) | $29.50 Million | 15.25% | 0.61x | $10.62 Million |
| Big Buck Brewery & Steakhouse Inc (BBUCQ) | $7.25 Million | -43.90% | 2.62x | $1.94 |
| Flanigans Enterprises Inc (BDL) | $14.80 Million | 2.97% | 0.34x | $19.14 Million |
| Bagger Dave's Burger Tavern Inc (BDVB) | $2.86 Million | -31.06% | 1.01x | $654.12K |
| BurgerFi International, Inc. (BFICQ) | $57.25 Million | -53.64% | 3.51x | $1.57K |
| Biglari Holdings Inc (BH-A) | $22.50 Million | 22.22% | 1.48x | $305.87 Million |
| BJs Restaurants Inc (BJRI) | $129.90 Million | 6.43% | 0.26x | $654.97 Million |