The Wendy’s Co Net Assets
The Wendy’s Co net assets. Based on the latest financial reports, The Wendy’s Co (WEN) has net assets worth $120.47 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.88 Billion) and total liabilities ($4.76 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. Also explore The Wendy’s Co (WEN) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $120.47 Million |
| % of Total Assets | 2.47% |
| Annual Growth Rate | 0.48% |
| 5-Year Change | -73.1% |
| 10-Year Change | -77.76% |
| Growth Volatility | 269.59 |
Net Assets of The Wendy’s Co (1985–2025)
Net assets of The Wendy’s Co from 1985 to 2025. This chart illustrates how The Wendy’s Co's net assets have evolved over time, based on quarterly financial data. See The Wendy’s Co balance sheet quality to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see how much is The Wendy’s Co worth.
| 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.
The Wendy’s Co Net Assets Breakdown (December 2025)
The Wendy’s Co net assets breakdown by equity component as of 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 |
|---|---|
|
Hugel Inc
KQ:145020
|
$1.41 Billion |
|
Kirloskar Brothers Limited
NSE:KIRLOSBROS
|
$1.41 Billion |
|
Shiny Chemical Industrial Co Ltd
TW:1773
|
$1.41 Billion |
|
Absci Corp
NASDAQ:ABSI
|
$1.41 Billion |
|
Television Francaise 1 SA
PA:TFI
|
$1.41 Billion |
|
Liquidity Services Inc
NASDAQ:LQDT
|
$1.41 Billion |
|
Distribution Solutions Group Inc
NASDAQ:DSGR
|
$1.41 Billion |
|
CMST Development Co Ltd
SHG:600787
|
$1.41 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: 13.69x
- 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 1.44x to 13.69x 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 | $8.28 | x |
| 1986-12-31 | $5.69 | $8.28 | x |
| 1987-12-31 | $9.12 | $8.28 | x |
| 1988-12-31 | $4.35 | $8.28 | x |
| 1989-12-31 | $4.31 | $8.28 | x |
| 1990-12-31 | $3.57 | $8.28 | x |
| 1991-12-31 | $3.34 | $8.28 | x |
| 1992-12-31 | $1.41 | $8.28 | x |
| 1993-12-31 | $-0.18 | $8.28 | x |
| 1994-12-31 | $1.73 | $8.28 | x |
| 1995-12-31 | $0.69 | $8.28 | x |
| 1996-12-31 | $0.23 | $8.28 | x |
| 1997-12-31 | $1.43 | $8.28 | x |
| 1998-12-31 | $0.35 | $8.28 | x |
| 1999-12-31 | $-6.19 | $8.28 | x |
| 2000-12-31 | $12.15 | $8.28 | x |
| 2001-12-31 | $14.65 | $8.28 | x |
| 2002-12-31 | $16.27 | $8.28 | x |
| 2003-12-31 | $14.38 | $8.28 | x |
| 2004-12-31 | $12.95 | $8.28 | x |
| 2005-12-31 | $5.62 | $8.28 | x |
| 2006-12-31 | $5.64 | $8.28 | x |
| 2007-12-31 | $4.95 | $8.28 | x |
| 2008-12-31 | $17.31 | $8.28 | x |
| 2009-12-31 | $5.01 | $8.28 | x |
| 2010-12-31 | $5.06 | $8.28 | x |
| 2011-12-31 | $4.90 | $8.28 | x |
| 2012-12-31 | $5.06 | $8.28 | x |
| 2013-12-31 | $4.84 | $8.28 | x |
| 2014-12-31 | $4.57 | $8.28 | x |
| 2015-12-31 | $2.29 | $8.28 | x |
| 2016-12-31 | $1.98 | $8.28 | x |
| 2017-12-31 | $2.27 | $8.28 | x |
| 2018-12-31 | $2.65 | $8.28 | x |
| 2019-12-31 | $2.20 | $8.28 | x |
| 2020-12-31 | $2.41 | $8.28 | x |
| 2021-12-31 | $1.94 | $8.28 | x |
| 2022-12-31 | $2.16 | $8.28 | x |
| 2023-12-31 | $1.46 | $8.28 | x |
| 2024-12-31 | $1.26 | $8.28 | x |
| 2025-12-31 | $0.60 | $8.28 | 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: $161,529,100
- Average return on equity (ROE) among peers: 6.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Wendy’s Co (WEN) | $120.47 Million | -8.05% | 39.54x | $1.41 Billion |
| Arcos Dorados Holdings Inc (ARCO) | $351.58 Million | 22.42% | 3.28x | $942.08 Million |
| Ark Restaurants Corp (ARKR) | $11.40 Million | 14.04% | 0.54x | $16.26 Million |
| Flanigans Enterprises Inc (BDL) | $17.30 Million | 7.23% | 0.58x | $56.74 Million |
| BurgerFi International, Inc. (BFICQ) | $259.07 Million | 0.24% | 0.12x | $2.74K |
| Biglari Holdings Inc (BH) | $-4.40 Million | 0.00% | 0.00x | $754.66 Million |
| Biglari Holdings Inc (BH-A) | $10.80 Million | 4.63% | 3.44x | $394.47 Million |
| BJs Restaurants Inc (BJRI) | $366.19 Million | 13.33% | 1.77x | $1.09 Billion |
| Bloomin Brands Inc (BLMN) | $-55.91 Million | 0.00% | 0.00x | $881.53 Million |
| Black Rock Coffee Bar, Inc. Class A Common Stock (BRCB) | $-16.66 Million | 0.00% | 0.00x | $188.32 Million |
| Dutch Bros Inc (BROS) | $675.92 Million | 0.25% | 1.61x | $4.93 Billion |
About The Wendy’s Co
The Wendy's Company, together with its subsidiaries, engages in the operation, development, and franchising of a system of quick-service restaurants in the United States and internationally. The company operates through the Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. Its restaurants offer a menu that includes hamburger sandwiches and chicken sandwiches; chi… Read more