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Side-by-side financial comparison of Noble Corp plc (NE) and Wendy's Co (WEN). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $543.0M, roughly 1.4× Wendy's Co). Noble Corp plc runs the higher net margin — 11.3% vs 4.9%, a 6.5% gap on every dollar of revenue. On growth, Wendy's Co posted the faster year-over-year revenue change (-5.5% vs -17.6%). Noble Corp plc produced more free cash flow last quarter ($35.4M vs $31.4M). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% CAGR vs 0.8%).
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
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.
NE vs WEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $764.4M | $543.0M |
| Net Profit | $86.6M | $26.5M |
| Gross Margin | — | 62.7% |
| Operating Margin | 5.6% | 11.8% |
| Net Margin | 11.3% | 4.9% |
| Revenue YoY | -17.6% | -5.5% |
| Net Profit YoY | -10.4% | -44.2% |
| EPS (diluted) | $0.54 | $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 | $764.4M | $543.0M | ||
| Q3 25 | $798.0M | $549.5M | ||
| Q2 25 | $848.7M | $560.9M | ||
| Q1 25 | $874.5M | $523.5M | ||
| Q4 24 | $927.3M | $574.3M | ||
| Q3 24 | $800.5M | $566.7M | ||
| Q2 24 | $692.8M | $570.7M | ||
| Q1 24 | $637.1M | $534.8M |
| Q4 25 | $86.6M | $26.5M | ||
| Q3 25 | $-21.1M | $44.3M | ||
| Q2 25 | $42.9M | $55.1M | ||
| Q1 25 | $108.3M | $39.2M | ||
| Q4 24 | $96.6M | $47.5M | ||
| Q3 24 | $61.2M | $50.2M | ||
| Q2 24 | $195.0M | $54.6M | ||
| Q1 24 | $95.5M | $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 | 5.6% | 11.8% | ||
| Q3 25 | 6.3% | 16.8% | ||
| Q2 25 | 15.9% | 18.6% | ||
| Q1 25 | 21.4% | 15.9% | ||
| Q4 24 | 18.4% | 16.7% | ||
| Q3 24 | 14.4% | 16.7% | ||
| Q2 24 | 30.3% | 17.4% | ||
| Q1 24 | 16.9% | 15.2% |
| Q4 25 | 11.3% | 4.9% | ||
| Q3 25 | -2.6% | 8.1% | ||
| Q2 25 | 5.1% | 9.8% | ||
| Q1 25 | 12.4% | 7.5% | ||
| Q4 24 | 10.4% | 8.3% | ||
| Q3 24 | 7.6% | 8.9% | ||
| Q2 24 | 28.1% | 9.6% | ||
| Q1 24 | 15.0% | 7.9% |
| Q4 25 | $0.54 | $0.14 | ||
| Q3 25 | $-0.13 | $0.23 | ||
| Q2 25 | $0.27 | $0.29 | ||
| Q1 25 | $0.67 | $0.19 | ||
| Q4 24 | $0.56 | $0.23 | ||
| Q3 24 | $0.40 | $0.25 | ||
| Q2 24 | $1.34 | $0.27 | ||
| Q1 24 | $0.66 | $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 | $471.4M | $300.8M |
| Total DebtLower is stronger | — | $2.8B |
| Stockholders' EquityBook value | $4.5B | $117.4M |
| Total Assets | $7.5B | $5.0B |
| Debt / EquityLower = less leverage | — | 23.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $471.4M | $300.8M | ||
| Q3 25 | $477.9M | $291.4M | ||
| Q2 25 | $338.2M | $281.2M | ||
| Q1 25 | $303.8M | $335.3M | ||
| Q4 24 | $247.3M | $450.5M | ||
| Q3 24 | $391.9M | $482.2M | ||
| Q2 24 | $162.9M | $465.5M | ||
| Q1 24 | $212.5M | $498.3M |
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $4.5B | $117.4M | ||
| Q3 25 | $4.5B | $109.2M | ||
| Q2 25 | $4.6B | $112.9M | ||
| Q1 25 | $4.7B | $130.2M | ||
| Q4 24 | $4.7B | $259.4M | ||
| Q3 24 | $4.7B | $259.9M | ||
| Q2 24 | $4.0B | $273.8M | ||
| Q1 24 | $3.9B | $293.7M |
| Q4 25 | $7.5B | $5.0B | ||
| Q3 25 | $7.6B | $5.0B | ||
| Q2 25 | $7.7B | $4.9B | ||
| Q1 25 | $7.9B | $4.9B | ||
| Q4 24 | $8.0B | $5.0B | ||
| Q3 24 | $8.0B | $5.1B | ||
| Q2 24 | $5.6B | $5.1B | ||
| Q1 24 | $5.4B | $5.2B |
| Q4 25 | — | 23.51× | ||
| Q3 25 | — | 24.95× | ||
| Q2 25 | — | 24.18× | ||
| Q1 25 | — | 21.00× | ||
| Q4 24 | — | 10.57× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $187.1M | $69.3M |
| Free Cash FlowOCF − Capex | $35.4M | $31.4M |
| FCF MarginFCF / Revenue | 4.6% | 5.8% |
| Capex IntensityCapex / Revenue | 19.9% | 7.0% |
| Cash ConversionOCF / Net Profit | 2.16× | 2.62× |
| TTM Free Cash FlowTrailing 4 quarters | $432.2M | $242.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.1M | $69.3M | ||
| Q3 25 | $277.1M | $129.3M | ||
| Q2 25 | $216.4M | $60.6M | ||
| Q1 25 | $271.1M | $85.4M | ||
| Q4 24 | $136.2M | $68.6M | ||
| Q3 24 | $283.8M | $141.2M | ||
| Q2 24 | $106.8M | $45.5M | ||
| Q1 24 | $128.7M | $100.0M |
| Q4 25 | $35.4M | $31.4M | ||
| Q3 25 | $139.5M | $104.3M | ||
| Q2 25 | $99.8M | $39.2M | ||
| Q1 25 | $157.5M | $67.7M | ||
| Q4 24 | $-4.4M | $26.6M | ||
| Q3 24 | $156.8M | $123.3M | ||
| Q2 24 | $-34.3M | $28.4M | ||
| Q1 24 | $-37.9M | $82.6M |
| Q4 25 | 4.6% | 5.8% | ||
| Q3 25 | 17.5% | 19.0% | ||
| Q2 25 | 11.8% | 7.0% | ||
| Q1 25 | 18.0% | 12.9% | ||
| Q4 24 | -0.5% | 4.6% | ||
| Q3 24 | 19.6% | 21.8% | ||
| Q2 24 | -4.9% | 5.0% | ||
| Q1 24 | -6.0% | 15.5% |
| Q4 25 | 19.9% | 7.0% | ||
| Q3 25 | 17.3% | 4.5% | ||
| Q2 25 | 13.7% | 3.8% | ||
| Q1 25 | 13.0% | 3.4% | ||
| Q4 24 | 15.2% | 7.3% | ||
| Q3 24 | 15.9% | 3.2% | ||
| Q2 24 | 20.4% | 3.0% | ||
| Q1 24 | 26.2% | 3.2% |
| Q4 25 | 2.16× | 2.62× | ||
| Q3 25 | — | 2.92× | ||
| Q2 25 | 5.05× | 1.10× | ||
| Q1 25 | 2.50× | 2.18× | ||
| Q4 24 | 1.41× | 1.44× | ||
| Q3 24 | 4.64× | 2.81× | ||
| Q2 24 | 0.55× | 0.83× | ||
| Q1 24 | 1.35× | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
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% |
