Wendy's (WEN) Debt to Equity (2010 - 2026)
Wendy's (WEN) reported Debt to Equity of $23.84 for Q1 2026, up 13.53% on a YoY basis from $21.0 in Q1 2025, and up 1.38% quarter-over-quarter from $23.51 in Q4 2025.
Wendy's (WEN) Debt to Equity (2010 - 2026) Analysis & Trends
Wendy's has reported Debt to Equity for 17 years, with the latest figure at $23.84 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity rose 13.53% year-over-year to $23.84; the trailing twelve-month figure through Mar 2026 stood at $23.84 (up 13.53% YoY), and the FY2025 full-year result was $23.51, up 122.55% from the prior year.
- Debt to Equity for Q1 2026 stood at $23.84, up from $23.51 in the prior quarter.
- The five-year high for Debt to Equity was $24.95 in Q3 2025, with the low at $5.46 in Q1 2022.
- Historically, Debt to Equity has averaged $12.23 across 5 years, with a median of $9.15 in 2023.
- Annual changes were most pronounced in 2023 — Debt to Equity advanced 6.16% — and 2025, when it surged 140.58%.
- Wendy's' Debt to Equity stood at $6.53 in 2022, then jumped by 36.51% to $8.92 in 2023, then climbed by 18.5% to $10.57 in 2024, then jumped by 122.55% to $23.51 in 2025, then climbed by 1.38% to $23.84 in 2026.
- The last three Debt to Equity figures came in at $23.84 (Q1 2026), $23.51 (Q4 2025), and $24.95 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn | -1.78 |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | - |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | -1.64 |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 2.51 |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 0.14 |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 0.00 |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 0.03 |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | -1.25 |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | - |
| 10 | Wendy's | 1.29 Bn | 994.30 Mn | 339.59 Mn | 23.84 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 23.84 |
| Dec 28, 2025 | 23.51 |
| Sep 28, 2025 | 24.95 |
| Jun 29, 2025 | 24.18 |
| Mar 30, 2025 | 21.00 |
| Dec 29, 2024 | 10.57 |
| Sep 29, 2024 | 10.57 |
| Jun 30, 2024 | 10.05 |
| Mar 31, 2024 | 9.39 |
| Dec 31, 2023 | 8.92 |
| Oct 1, 2023 | 8.17 |
| Jul 2, 2023 | 7.19 |
| Apr 2, 2023 | 6.71 |
| Jan 1, 2023 | 6.12 |
| Oct 2, 2022 | 6.53 |
| Jul 3, 2022 | 6.77 |
| Apr 3, 2022 | 6.31 |
| Jan 2, 2022 | 5.46 |
| Oct 3, 2021 | 4.41 |
| Jul 4, 2021 | 4.22 |