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Side-by-side financial comparison of Wendy's Co (WEN) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
Wendy's Co is the larger business by last-quarter revenue ($523.5M vs $517.5M, roughly 1.0× WOLVERINE WORLD WIDE INC). Wendy's Co runs the higher net margin — 7.5% vs 6.1%, a 1.3% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs -3.2%). WOLVERINE WORLD WIDE INC produced more free cash flow last quarter ($145.6M vs $68.0M). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% CAGR vs -4.2%).
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.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
WEN vs WWW — Head-to-Head
Income Statement — Q1 FY2027 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $523.5M | $517.5M |
| Net Profit | $39.2M | $31.8M |
| Gross Margin | 64.1% | 47.3% |
| Operating Margin | 15.9% | 9.7% |
| Net Margin | 7.5% | 6.1% |
| Revenue YoY | -3.2% | 25.5% |
| Net Profit YoY | 72.7% | 162.8% |
| EPS (diluted) | $0.19 | $0.37 |
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.
| Q1 26 | $523.5M | $517.5M | ||
| Q4 25 | $543.0M | — | ||
| Q3 25 | $549.5M | $470.3M | ||
| Q2 25 | $560.9M | $474.2M | ||
| Q1 25 | $523.5M | $412.3M | ||
| Q4 24 | $574.3M | $494.7M | ||
| Q3 24 | $566.7M | $440.2M | ||
| Q2 24 | $570.7M | $425.2M |
| Q1 26 | $39.2M | $31.8M | ||
| Q4 25 | $26.5M | — | ||
| Q3 25 | $44.3M | $25.1M | ||
| Q2 25 | $55.1M | $26.8M | ||
| Q1 25 | $39.2M | $12.1M | ||
| Q4 24 | $47.5M | $23.1M | ||
| Q3 24 | $50.2M | $23.2M | ||
| Q2 24 | $54.6M | $13.8M |
| Q1 26 | 64.1% | 47.3% | ||
| Q4 25 | 62.7% | — | ||
| Q3 25 | 62.8% | 47.5% | ||
| Q2 25 | 65.0% | 47.2% | ||
| Q1 25 | 64.1% | 47.2% | ||
| Q4 24 | 65.9% | 43.4% | ||
| Q3 24 | 65.5% | 45.1% | ||
| Q2 24 | 65.0% | 43.1% |
| Q1 26 | 15.9% | 9.7% | ||
| Q4 25 | 11.8% | — | ||
| Q3 25 | 16.8% | 8.4% | ||
| Q2 25 | 18.6% | 8.6% | ||
| Q1 25 | 15.9% | 4.8% | ||
| Q4 24 | 16.7% | 7.4% | ||
| Q3 24 | 16.7% | 7.9% | ||
| Q2 24 | 17.4% | 6.8% |
| Q1 26 | 7.5% | 6.1% | ||
| Q4 25 | 4.9% | — | ||
| Q3 25 | 8.1% | 5.3% | ||
| Q2 25 | 9.8% | 5.7% | ||
| Q1 25 | 7.5% | 2.9% | ||
| Q4 24 | 8.3% | 4.7% | ||
| Q3 24 | 8.9% | 5.3% | ||
| Q2 24 | 9.6% | 3.2% |
| Q1 26 | $0.19 | $0.37 | ||
| Q4 25 | $0.14 | — | ||
| Q3 25 | $0.23 | $0.30 | ||
| Q2 25 | $0.29 | $0.32 | ||
| Q1 25 | $0.19 | $0.15 | ||
| Q4 24 | $0.23 | $0.29 | ||
| Q3 24 | $0.25 | $0.28 | ||
| Q2 24 | $0.27 | $0.17 |
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 | $2.8B | $621.7M |
| Stockholders' EquityBook value | $117.4M | $408.0M |
| Total Assets | $5.0B | $1.7B |
| Debt / EquityLower = less leverage | 23.51× | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $300.8M | — | ||
| 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 26 | $2.8B | $621.7M | ||
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.7B | $676.4M | ||
| Q2 25 | $2.7B | $708.5M | ||
| Q1 25 | $2.7B | $710.8M | ||
| Q4 24 | $2.7B | $648.0M | ||
| Q3 24 | — | $702.8M | ||
| Q2 24 | — | $814.7M |
| Q1 26 | $117.4M | $408.0M | ||
| Q4 25 | $117.4M | — | ||
| Q3 25 | $109.2M | $376.7M | ||
| Q2 25 | $112.9M | $344.0M | ||
| Q1 25 | $130.2M | $310.6M | ||
| Q4 24 | $259.4M | $312.9M | ||
| Q3 24 | $259.9M | $295.2M | ||
| Q2 24 | $273.8M | $262.1M |
| Q1 26 | $5.0B | $1.7B | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | $5.0B | $1.7B | ||
| Q2 25 | $4.9B | $1.8B | ||
| Q1 25 | $4.9B | $1.7B | ||
| Q4 24 | $5.0B | $1.7B | ||
| Q3 24 | $5.1B | $1.8B | ||
| Q2 24 | $5.1B | $1.8B |
| Q1 26 | 23.51× | 1.52× | ||
| Q4 25 | 23.51× | — | ||
| Q3 25 | 24.95× | 1.80× | ||
| Q2 25 | 24.18× | 2.06× | ||
| Q1 25 | 21.00× | 2.29× | ||
| Q4 24 | 10.57× | 2.07× | ||
| Q3 24 | — | 2.38× | ||
| Q2 24 | — | 3.11× |
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 | $85.4M | $146.2M |
| Free Cash FlowOCF − Capex | $68.0M | $145.6M |
| FCF MarginFCF / Revenue | 13.0% | 28.1% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 2.18× | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $242.9M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $85.4M | $146.2M | ||
| Q4 25 | $69.3M | — | ||
| Q3 25 | $129.3M | $33.0M | ||
| Q2 25 | $60.6M | $44.6M | ||
| Q1 25 | $85.4M | $-83.8M | ||
| Q4 24 | $68.6M | $82.4M | ||
| Q3 24 | $141.2M | $108.2M | ||
| Q2 24 | $45.5M | $26.7M |
| Q1 26 | $68.0M | $145.6M | ||
| Q4 25 | $31.4M | — | ||
| Q3 25 | $104.3M | $30.1M | ||
| Q2 25 | $39.2M | $41.2M | ||
| Q1 25 | $67.7M | $-91.4M | ||
| Q4 24 | $26.6M | $74.4M | ||
| Q3 24 | $123.3M | $104.1M | ||
| Q2 24 | $28.4M | $23.7M |
| Q1 26 | 13.0% | 28.1% | ||
| Q4 25 | 5.8% | — | ||
| Q3 25 | 19.0% | 6.4% | ||
| Q2 25 | 7.0% | 8.7% | ||
| Q1 25 | 12.9% | -22.2% | ||
| Q4 24 | 4.6% | 15.0% | ||
| Q3 24 | 21.8% | 23.6% | ||
| Q2 24 | 5.0% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 7.0% | — | ||
| Q3 25 | 4.5% | 0.6% | ||
| Q2 25 | 3.8% | 0.7% | ||
| Q1 25 | 3.4% | 1.8% | ||
| Q4 24 | 7.3% | 1.6% | ||
| Q3 24 | 3.2% | 0.9% | ||
| Q2 24 | 3.0% | 0.7% |
| Q1 26 | 2.18× | 4.60× | ||
| Q4 25 | 2.62× | — | ||
| Q3 25 | 2.92× | 1.31× | ||
| Q2 25 | 1.10× | 1.66× | ||
| Q1 25 | 2.18× | -6.93× | ||
| Q4 24 | 1.44× | 3.57× | ||
| Q3 24 | 2.81× | 4.66× | ||
| Q2 24 | 0.83× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
WEN
Segment breakdown not available.
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
