vs
Side-by-side financial comparison of COMERICA INC (CMA) and Wendy's Co (WEN). Click either name above to swap in a different company.
COMERICA INC is the larger business by last-quarter revenue ($838.0M vs $543.0M, roughly 1.5× Wendy's Co). COMERICA INC runs the higher net margin — 21.0% vs 4.9%, a 16.1% gap on every dollar of revenue. On growth, COMERICA INC posted the faster year-over-year revenue change (3.3% vs -5.5%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 0.8%).
Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.
The Wendy's Company is an American fast food corporation and the holding company for Wendy's and First Kitchen. Originally founded as the Deisel-Wemmer Company, it is headquartered in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants.
CMA vs WEN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $838.0M | $543.0M |
| Net Profit | $176.0M | $26.5M |
| Gross Margin | — | 62.7% |
| Operating Margin | — | 11.8% |
| Net Margin | 21.0% | 4.9% |
| Revenue YoY | 3.3% | -5.5% |
| Net Profit YoY | -4.3% | -44.2% |
| EPS (diluted) | $1.35 | $0.14 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $543.0M | ||
| Q3 25 | $838.0M | $549.5M | ||
| Q2 25 | $849.0M | $560.9M | ||
| Q1 25 | $829.0M | $523.5M | ||
| Q4 24 | $825.0M | $574.3M | ||
| Q3 24 | $811.0M | $566.7M | ||
| Q2 24 | $824.0M | $570.7M | ||
| Q1 24 | $784.0M | $534.8M |
| Q4 25 | — | $26.5M | ||
| Q3 25 | $176.0M | $44.3M | ||
| Q2 25 | $199.0M | $55.1M | ||
| Q1 25 | $172.0M | $39.2M | ||
| Q4 24 | $170.0M | $47.5M | ||
| Q3 24 | $184.0M | $50.2M | ||
| Q2 24 | $206.0M | $54.6M | ||
| Q1 24 | $138.0M | $42.0M |
| Q4 25 | — | 62.7% | ||
| Q3 25 | — | 62.8% | ||
| Q2 25 | — | 65.0% | ||
| Q1 25 | — | 64.1% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 65.5% | ||
| Q2 24 | — | 65.0% | ||
| Q1 24 | — | 64.1% |
| Q4 25 | — | 11.8% | ||
| Q3 25 | — | 16.8% | ||
| Q2 25 | — | 18.6% | ||
| Q1 25 | — | 15.9% | ||
| Q4 24 | — | 16.7% | ||
| Q3 24 | — | 16.7% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | — | 15.2% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | 21.0% | 8.1% | ||
| Q2 25 | 23.4% | 9.8% | ||
| Q1 25 | 20.7% | 7.5% | ||
| Q4 24 | 20.6% | 8.3% | ||
| Q3 24 | 22.7% | 8.9% | ||
| Q2 24 | 25.0% | 9.6% | ||
| Q1 24 | 17.6% | 7.9% |
| Q4 25 | — | $0.14 | ||
| Q3 25 | $1.35 | $0.23 | ||
| Q2 25 | $1.42 | $0.29 | ||
| Q1 25 | $1.25 | $0.19 | ||
| Q4 24 | $1.22 | $0.23 | ||
| Q3 24 | $1.33 | $0.25 | ||
| Q2 24 | $1.49 | $0.27 | ||
| Q1 24 | $0.98 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $300.8M |
| Total DebtLower is stronger | $5.4B | $2.8B |
| Stockholders' EquityBook value | $7.4B | $117.4M |
| Total Assets | $77.4B | $5.0B |
| Debt / EquityLower = less leverage | 0.73× | 23.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $300.8M | ||
| Q3 25 | — | $291.4M | ||
| Q2 25 | — | $281.2M | ||
| Q1 25 | — | $335.3M | ||
| Q4 24 | — | $450.5M | ||
| Q3 24 | — | $482.2M | ||
| Q2 24 | — | $465.5M | ||
| Q1 24 | — | $498.3M |
| Q4 25 | — | $2.8B | ||
| Q3 25 | $5.4B | $2.7B | ||
| Q2 25 | $5.8B | $2.7B | ||
| Q1 25 | $5.7B | $2.7B | ||
| Q4 24 | $6.7B | $2.7B | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $7.1B | — |
| Q4 25 | — | $117.4M | ||
| Q3 25 | $7.4B | $109.2M | ||
| Q2 25 | $6.9B | $112.9M | ||
| Q1 25 | $7.1B | $130.2M | ||
| Q4 24 | $6.5B | $259.4M | ||
| Q3 24 | $7.4B | $259.9M | ||
| Q2 24 | $6.2B | $273.8M | ||
| Q1 24 | $6.0B | $293.7M |
| Q4 25 | — | $5.0B | ||
| Q3 25 | $77.4B | $5.0B | ||
| Q2 25 | $78.0B | $4.9B | ||
| Q1 25 | $77.6B | $4.9B | ||
| Q4 24 | $79.3B | $5.0B | ||
| Q3 24 | $79.7B | $5.1B | ||
| Q2 24 | $79.6B | $5.1B | ||
| Q1 24 | $79.4B | $5.2B |
| Q4 25 | — | 23.51× | ||
| Q3 25 | 0.73× | 24.95× | ||
| Q2 25 | 0.84× | 24.18× | ||
| Q1 25 | 0.81× | 21.00× | ||
| Q4 24 | 1.02× | 10.57× | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.15× | — | ||
| Q1 24 | 1.18× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-270.0M | $69.3M |
| Free Cash FlowOCF − Capex | — | $31.4M |
| FCF MarginFCF / Revenue | — | 5.8% |
| Capex IntensityCapex / Revenue | — | 7.0% |
| Cash ConversionOCF / Net Profit | -1.53× | 2.62× |
| TTM Free Cash FlowTrailing 4 quarters | — | $242.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $69.3M | ||
| Q3 25 | $-270.0M | $129.3M | ||
| Q2 25 | $476.0M | $60.6M | ||
| Q1 25 | $273.0M | $85.4M | ||
| Q4 24 | $601.0M | $68.6M | ||
| Q3 24 | $1.0B | $141.2M | ||
| Q2 24 | $111.0M | $45.5M | ||
| Q1 24 | $-205.0M | $100.0M |
| Q4 25 | — | $31.4M | ||
| Q3 25 | — | $104.3M | ||
| Q2 25 | — | $39.2M | ||
| Q1 25 | — | $67.7M | ||
| Q4 24 | — | $26.6M | ||
| Q3 24 | — | $123.3M | ||
| Q2 24 | — | $28.4M | ||
| Q1 24 | — | $82.6M |
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 19.0% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | 12.9% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 5.0% | ||
| Q1 24 | — | 15.5% |
| Q4 25 | — | 7.0% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | — | 2.62× | ||
| Q3 25 | -1.53× | 2.92× | ||
| Q2 25 | 2.39× | 1.10× | ||
| Q1 25 | 1.59× | 2.18× | ||
| Q4 24 | 3.54× | 1.44× | ||
| Q3 24 | 5.70× | 2.81× | ||
| Q2 24 | 0.54× | 0.83× | ||
| Q1 24 | -1.49× | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMA
Segment breakdown not available.
WEN
| Franchise Royalty Revenueand Fees | $149.3M | 27% |
| Royalty | $103.6M | 19% |
| Advertising | $103.3M | 19% |
| Global Real Estate Development | $60.5M | 11% |
| Real Estate | $59.5M | 11% |
| Wendys International | $39.5M | 7% |
| Franchise | $21.5M | 4% |
