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Side-by-side financial comparison of Service Properties Trust (SVC) 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 $296.5M, roughly 1.8× Service Properties Trust). Wendy's Co runs the higher net margin — 4.9% vs -0.3%, a 5.1% gap on every dollar of revenue. On growth, Wendy's Co posted the faster year-over-year revenue change (-5.5% vs -17.0%). Wendy's Co produced more free cash flow last quarter ($31.4M vs $-95.2M). Over the past eight quarters, Wendy's Co's revenue compounded faster (0.8% CAGR vs -6.1%).
Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...
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.
SVC vs WEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $296.5M | $543.0M |
| Net Profit | $-782.0K | $26.5M |
| Gross Margin | — | 62.7% |
| Operating Margin | -3.9% | 11.8% |
| Net Margin | -0.3% | 4.9% |
| Revenue YoY | -17.0% | -5.5% |
| Net Profit YoY | 99.0% | -44.2% |
| EPS (diluted) | $-0.01 | $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 | $296.5M | $543.0M | ||
| Q3 25 | $377.6M | $549.5M | ||
| Q2 25 | $404.4M | $560.9M | ||
| Q1 25 | $335.0M | $523.5M | ||
| Q4 24 | $357.0M | $574.3M | ||
| Q3 24 | $390.9M | $566.7M | ||
| Q2 24 | $412.5M | $570.7M | ||
| Q1 24 | $336.2M | $534.8M |
| Q4 25 | $-782.0K | $26.5M | ||
| Q3 25 | $-46.9M | $44.3M | ||
| Q2 25 | $-38.2M | $55.1M | ||
| Q1 25 | $-116.4M | $39.2M | ||
| Q4 24 | $-76.4M | $47.5M | ||
| Q3 24 | $-46.9M | $50.2M | ||
| Q2 24 | $-73.8M | $54.6M | ||
| Q1 24 | $-78.4M | $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 | -3.9% | 11.8% | ||
| Q3 25 | -12.8% | 16.8% | ||
| Q2 25 | -9.2% | 18.6% | ||
| Q1 25 | -33.3% | 15.9% | ||
| Q4 24 | -19.4% | 16.7% | ||
| Q3 24 | -12.8% | 16.7% | ||
| Q2 24 | -17.1% | 17.4% | ||
| Q1 24 | -21.4% | 15.2% |
| Q4 25 | -0.3% | 4.9% | ||
| Q3 25 | -12.4% | 8.1% | ||
| Q2 25 | -9.4% | 9.8% | ||
| Q1 25 | -34.8% | 7.5% | ||
| Q4 24 | -21.4% | 8.3% | ||
| Q3 24 | -12.0% | 8.9% | ||
| Q2 24 | -17.9% | 9.6% | ||
| Q1 24 | -23.3% | 7.9% |
| Q4 25 | $-0.01 | $0.14 | ||
| Q3 25 | $-0.28 | $0.23 | ||
| Q2 25 | $-0.23 | $0.29 | ||
| Q1 25 | $-0.70 | $0.19 | ||
| Q4 24 | $-0.46 | $0.23 | ||
| Q3 24 | $-0.28 | $0.25 | ||
| Q2 24 | $-0.45 | $0.27 | ||
| Q1 24 | $-0.48 | $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 | $346.8M | $300.8M |
| Total DebtLower is stronger | $5.5B | $2.8B |
| Stockholders' EquityBook value | $646.1M | $117.4M |
| Total Assets | $6.5B | $5.0B |
| Debt / EquityLower = less leverage | 8.52× | 23.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $346.8M | $300.8M | ||
| Q3 25 | $417.4M | $291.4M | ||
| Q2 25 | $63.2M | $281.2M | ||
| Q1 25 | $80.1M | $335.3M | ||
| Q4 24 | $143.5M | $450.5M | ||
| Q3 24 | $48.6M | $482.2M | ||
| Q2 24 | $14.6M | $465.5M | ||
| Q1 24 | $71.3M | $498.3M |
| Q4 25 | $5.5B | $2.8B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $5.8B | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $646.1M | $117.4M | ||
| Q3 25 | $647.9M | $109.2M | ||
| Q2 25 | $695.9M | $112.9M | ||
| Q1 25 | $734.6M | $130.2M | ||
| Q4 24 | $851.9M | $259.4M | ||
| Q3 24 | $929.0M | $259.9M | ||
| Q2 24 | $1.0B | $273.8M | ||
| Q1 24 | $1.1B | $293.7M |
| Q4 25 | $6.5B | $5.0B | ||
| Q3 25 | $7.0B | $5.0B | ||
| Q2 25 | $6.9B | $4.9B | ||
| Q1 25 | $7.0B | $4.9B | ||
| Q4 24 | $7.1B | $5.0B | ||
| Q3 24 | $7.1B | $5.1B | ||
| Q2 24 | $7.1B | $5.1B | ||
| Q1 24 | $7.2B | $5.2B |
| Q4 25 | 8.52× | 23.51× | ||
| Q3 25 | — | 24.95× | ||
| Q2 25 | — | 24.18× | ||
| Q1 25 | — | 21.00× | ||
| Q4 24 | 6.85× | 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 | $-18.5M | $69.3M |
| Free Cash FlowOCF − Capex | $-95.2M | $31.4M |
| FCF MarginFCF / Revenue | -32.1% | 5.8% |
| Capex IntensityCapex / Revenue | 25.9% | 7.0% |
| Cash ConversionOCF / Net Profit | — | 2.62× |
| TTM Free Cash FlowTrailing 4 quarters | $-107.0M | $242.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.5M | $69.3M | ||
| Q3 25 | $98.1M | $129.3M | ||
| Q2 25 | $-7.0K | $60.6M | ||
| Q1 25 | $38.2M | $85.4M | ||
| Q4 24 | $-9.7M | $68.6M | ||
| Q3 24 | $106.2M | $141.2M | ||
| Q2 24 | $43.8M | $45.5M | ||
| Q1 24 | $-926.0K | $100.0M |
| Q4 25 | $-95.2M | $31.4M | ||
| Q3 25 | $57.9M | $104.3M | ||
| Q2 25 | $-46.6M | $39.2M | ||
| Q1 25 | $-23.2M | $67.7M | ||
| Q4 24 | $-88.9M | $26.6M | ||
| Q3 24 | $24.1M | $123.3M | ||
| Q2 24 | $-22.3M | $28.4M | ||
| Q1 24 | $-77.2M | $82.6M |
| Q4 25 | -32.1% | 5.8% | ||
| Q3 25 | 15.3% | 19.0% | ||
| Q2 25 | -11.5% | 7.0% | ||
| Q1 25 | -6.9% | 12.9% | ||
| Q4 24 | -24.9% | 4.6% | ||
| Q3 24 | 6.2% | 21.8% | ||
| Q2 24 | -5.4% | 5.0% | ||
| Q1 24 | -23.0% | 15.5% |
| Q4 25 | 25.9% | 7.0% | ||
| Q3 25 | 10.6% | 4.5% | ||
| Q2 25 | 11.5% | 3.8% | ||
| Q1 25 | 18.3% | 3.4% | ||
| Q4 24 | 22.2% | 7.3% | ||
| Q3 24 | 21.0% | 3.2% | ||
| Q2 24 | 16.0% | 3.0% | ||
| Q1 24 | 22.7% | 3.2% |
| 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
SVC
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% |
