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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) and Wendy's Co (WEN). Click either name above to swap in a different company.

Wendy's Co is the larger business by last-quarter revenue ($543.0M vs $327.6M, roughly 1.7× Navios Maritime Partners L.P.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 4.9%, a 16.5% gap on every dollar of revenue. On growth, Navios Maritime Partners L.P. posted the faster year-over-year revenue change (-4.3% vs -5.5%).

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

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.

NMM vs WEN — Head-to-Head

Bigger by revenue
WEN
WEN
1.7× larger
WEN
$543.0M
$327.6M
NMM
Growing faster (revenue YoY)
NMM
NMM
+1.2% gap
NMM
-4.3%
-5.5%
WEN
Higher net margin
NMM
NMM
16.5% more per $
NMM
21.4%
4.9%
WEN

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NMM
NMM
WEN
WEN
Revenue
$327.6M
$543.0M
Net Profit
$69.9M
$26.5M
Gross Margin
90.5%
62.7%
Operating Margin
11.8%
Net Margin
21.4%
4.9%
Revenue YoY
-4.3%
-5.5%
Net Profit YoY
-31.1%
-44.2%
EPS (diluted)
$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.

Revenue
NMM
NMM
WEN
WEN
Q4 25
$543.0M
Q3 25
$549.5M
Q2 25
$327.6M
$560.9M
Q1 25
$523.5M
Q4 24
$574.3M
Q3 24
$566.7M
Q2 24
$342.2M
$570.7M
Q1 24
$534.8M
Net Profit
NMM
NMM
WEN
WEN
Q4 25
$26.5M
Q3 25
$44.3M
Q2 25
$69.9M
$55.1M
Q1 25
$39.2M
Q4 24
$47.5M
Q3 24
$50.2M
Q2 24
$101.5M
$54.6M
Q1 24
$42.0M
Gross Margin
NMM
NMM
WEN
WEN
Q4 25
62.7%
Q3 25
62.8%
Q2 25
90.5%
65.0%
Q1 25
64.1%
Q4 24
65.9%
Q3 24
65.5%
Q2 24
88.3%
65.0%
Q1 24
64.1%
Operating Margin
NMM
NMM
WEN
WEN
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%
Net Margin
NMM
NMM
WEN
WEN
Q4 25
4.9%
Q3 25
8.1%
Q2 25
21.4%
9.8%
Q1 25
7.5%
Q4 24
8.3%
Q3 24
8.9%
Q2 24
29.7%
9.6%
Q1 24
7.9%
EPS (diluted)
NMM
NMM
WEN
WEN
Q4 25
$0.14
Q3 25
$0.23
Q2 25
$0.29
Q1 25
$0.19
Q4 24
$0.23
Q3 24
$0.25
Q2 24
$0.27
Q1 24
$0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NMM
NMM
WEN
WEN
Cash + ST InvestmentsLiquidity on hand
$377.0M
$300.8M
Total DebtLower is stronger
$2.0B
$2.8B
Stockholders' EquityBook value
$117.4M
Total Assets
$5.9B
$5.0B
Debt / EquityLower = less leverage
23.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
WEN
WEN
Q4 25
$300.8M
Q3 25
$291.4M
Q2 25
$377.0M
$281.2M
Q1 25
$335.3M
Q4 24
$450.5M
Q3 24
$482.2M
Q2 24
$272.0M
$465.5M
Q1 24
$498.3M
Total Debt
NMM
NMM
WEN
WEN
Q4 25
$2.8B
Q3 25
$2.7B
Q2 25
$2.0B
$2.7B
Q1 25
$2.7B
Q4 24
$2.7B
Q3 24
Q2 24
$1.4B
Q1 24
Stockholders' Equity
NMM
NMM
WEN
WEN
Q4 25
$117.4M
Q3 25
$109.2M
Q2 25
$112.9M
Q1 25
$130.2M
Q4 24
$259.4M
Q3 24
$259.9M
Q2 24
$273.8M
Q1 24
$293.7M
Total Assets
NMM
NMM
WEN
WEN
Q4 25
$5.0B
Q3 25
$5.0B
Q2 25
$5.9B
$4.9B
Q1 25
$4.9B
Q4 24
$5.0B
Q3 24
$5.1B
Q2 24
$5.3B
$5.1B
Q1 24
$5.2B
Debt / Equity
NMM
NMM
WEN
WEN
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
NMM
NMM
WEN
WEN
Operating Cash FlowLast quarter
$69.3M
Free Cash FlowOCF − Capex
$31.4M
FCF MarginFCF / Revenue
5.8%
Capex IntensityCapex / Revenue
7.0%
Cash ConversionOCF / Net Profit
2.62×
TTM Free Cash FlowTrailing 4 quarters
$242.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NMM
NMM
WEN
WEN
Q4 25
$69.3M
Q3 25
$129.3M
Q2 25
$60.6M
Q1 25
$85.4M
Q4 24
$68.6M
Q3 24
$141.2M
Q2 24
$45.5M
Q1 24
$100.0M
Free Cash Flow
NMM
NMM
WEN
WEN
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
FCF Margin
NMM
NMM
WEN
WEN
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%
Capex Intensity
NMM
NMM
WEN
WEN
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%
Cash Conversion
NMM
NMM
WEN
WEN
Q4 25
2.62×
Q3 25
2.92×
Q2 25
1.10×
Q1 25
2.18×
Q4 24
1.44×
Q3 24
2.81×
Q2 24
0.83×
Q1 24
2.38×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NMM
NMM

Segment breakdown not available.

WEN
WEN

Franchise Royalty Revenueand Fees$149.3M27%
Royalty$103.6M19%
Advertising$103.3M19%
Global Real Estate Development$60.5M11%
Real Estate$59.5M11%
Wendys International$39.5M7%
Franchise$21.5M4%

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