Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2014 | FY2016 | FY2017 | FY2018 | FY2019 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.00B | $1.87B | $1.22B | $1.59B | $1.71B | $1.73B | $1.90B | $2.18B | $2.25B | $2.18B |
| Revenue growth | — | -6.4% | -34.6% | 30.0% | 7.5% | 1.5% | 9.4% | 15.0% | 3.0% | -3.1% |
| Operating income | $243M | $274M | $215M | $250M | $263M | $269M | $367M | $382M | $371M | $343M |
| Operating margin | 12.1% | 14.7% | 17.6% | 15.7% | 15.4% | 15.5% | 19.3% | 17.5% | 16.5% | 15.8% |
| Net income | $121M | $161M | $194M | $460M | $137M | $118M | $200M | $204M | $194M | $165M |
| Net margin | 6.1% | 8.6% | 15.9% | 28.9% | 8.0% | 6.8% | 10.6% | 9.4% | 8.7% | 7.6% |
| EPS (diluted) | $0.32 | $0.49 | $0.77 | $1.88 | $0.58 | $0.52 | $0.89 | $0.97 | $0.95 | $0.85 |
| Fiscal year | FY2014 | FY2016 | FY2017 | FY2018 | FY2019 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $255M | $274M | $239M | $224M | $289M | $284M | $346M | $345M | $355M | $345M |
| Capital expenditures | $298M | $252M | $81.7M | $69.9M | $74.5M | $69.0M | $78.0M | $85.0M | $94.4M | $102M |
| Free cash flow | -$43.7M | $22.7M | $157M | $154M | $214M | $215M | $268M | $260M | $261M | $243M |
| Share buybacks | $301M | $1.10B | $126M | $270M | $218M | $62.2M | $269M | $190M | $77.4M | $201M |
| Dividends paid | $75.1M | $71.8M | $68.3M | $80.5M | $96.4M | $64.9M | $94.8M | $209M | $204M | $130M |
| Fiscal year | FY2014 | FY2016 | FY2017 | FY2018 | FY2019 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $267M | $327M | $171M | $431M | $300M | $307M | $249M | $516M | $451M | $301M |
| Total assets | $4.14B | $4.11B | $4.10B | $4.29B | $4.99B | $5.04B | $5.10B | $5.18B | $5.03B | $4.96B |
| Total liabilities | $2.42B | $3.36B | $3.52B | $3.64B | $4.48B | $4.49B | $4.66B | $4.87B | $4.78B | $4.84B |
| Long-term debt | — | — | — | $2.31B | $2.26B | $2.22B | $2.36B | $2.73B | $2.66B | $2.73B |
| Shareholders' equity | $1.72B | $753M | $573M | $648M | $516M | $550M | $436M | $466M | $259M | $117M |
| Retained earnings | -$446M | -$357M | -$163M | $146M | $186M | $239M | $344M | $410M | $400M | $435M |
| Shares (wtd avg diluted) | 376M | 329M | 252M | 245M | 235M | 228M | 224M | 212M | 206M | 194M |
Every figure is extracted from Wendy's Co’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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