SuperworthWendy's profit margin WEN
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 5.7%
- Operating margin, 12 months
- 13.6%
- Net margin on a year earlier
- −2.9 pts
- Peer median
- 1.7%
Over the twelve months to Jun 28, 2026, Wendy's kept 5.7% of its revenue as net profit, with an operating margin of 13.6% and a gross margin of 33.1%.
Five years earlier its net margin was 9.9%.
The median for 10 restaurant stocks of a similar size is 1.7%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 7.6% | 15.8% | 34.7% |
| FY2024 | 8.7% | 16.5% | 35.2% |
| FY2023 | 9.4% | 17.5% | 35.6% |
| FY2022 | 8.5% | 16.9% | 34.4% |
| FY2021 | 10.6% | 19.3% | 36.8% |
| FY2020 | 6.8% | 15.5% | 35.8% |
| FY2019 | 8.0% | 15.4% | 65.0% |
| FY2018 | 28.9% | 15.7% | 65.5% |
| FY2017 | 15.9% | 17.6% | 49.1% |
| FY2016 | 9.0% | 21.9% | 43.4% |
| FY2015 | 8.6% | 14.7% | 36.7% |
| FY2014 | 6.1% | 12.1% | 32.2% |
| FY2013 | 1.8% | 5.4% | 26.0% |
| FY2012 | 0.3% | 4.9% | 24.9% |
| FY2011 | 0.4% | 5.6% | 25.3% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 5.7% | −2.9 pts | 13.6% | |
| Q1 FY26 | 6.8% | −1.8 pts | 14.8% | |
| Q4 FY25 | 7.6% | −1.1 pts | 15.8% | |
| Q3 FY25 | 8.4% | −0.3 pts | 17.0% | |
| Q2 FY25 | 8.6% | −0.5 pts | 17.0% | |
| Q1 FY25 | 8.6% | −0.9 pts | 16.7% | |
| Q4 FY24 | 8.7% | −0.7 pts | 16.5% | |
| Q3 FY24 | 8.8% | −0.4 pts | 16.4% | |
| Q2 FY24 | 9.2% | +0.3 pts | 16.8% | |
| Q1 FY24 | 9.4% | +1.0 pts | 17.3% | |
| Q4 FY23 | 9.4% | +0.9 pts | 17.5% | |
| Q3 FY23 | 9.1% | −0.1 pts | 17.4% |
Against its peers
Companies in Restaurants nearest Wendy's' size, closest first, today.
| Company | Profit margin |
|---|---|
| WENWendy's | 5.7% |
| BJRIBJs RESTAURANTS INC | 2.9% |
| SGSweetgreen | 2.0% |
| CBRLCracker Barrel Old Country Store | 1.0% |
| BLMNBloomin' Brands | 0.7% |
| FWRGFirst Watch Restaurant | 1.4% |
| PZZAPapa Johns International | 1.4% |
| SHAKShake Shack | 2.6% |
| BRCBBlack Rock Coffee Bar | 0.7% |
| LOCOEl Pollo Loco | 7.0% |
| WINGWingstop | 16.2% |
| Peer median | 1.7% |
Where Wendy's ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Wendy's
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.