Company / Operating Margin
The Wendy's Company Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
15.8%
FY2025
5-year range
15.4% / 17.5%
FY2021-FY2025
Trend
-4.5%
vs FY2024
Sector context
#45 of 195
Consumer Discretionary
What the data says
The Wendy's Company's operating margin of 15.8% is higher than 77% of companies in the Consumer Discretionary sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from 12.1% in FY2016 to 17.5% in FY2019.
Based on SEC 10-K filings.
15.8% in FY2025 with a 5-year CAGR of +0.1%. Top quartile in the Consumer Discretionary sector.
Declined from 17.5% to 15.8% over the past 2 years.
Consumer Discretionary sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +0.3pp
- 5-Year Change
- +0.1pp
- 10-Year Change
- -
Sector benchmark
+340.0% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 4.5% year-over-year.
- Currently 12.2pp above the Consumer Discretionary sector average.
- Peak operating margin was recorded in FY2019.
- Lowest operating margin in the period was in FY2016.
Company context
Key Data Points
- Altman Z-Score 0.78 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 15.8% | -4.5% |
| FY2024 | 16.5% | -5.6% |
| FY2023 | 17.5% | +12.7% |
| FY2022 | 15.5% | +1.1% |
| FY2021 | 15.4% | -2.3% |
| FY2020 | 15.7% | -10.4% |
| FY2019 | 17.5% | +11.6% |
| FY2018 | 15.7% | +7.1% |
| FY2017 | 14.7% | +20.9% |
| FY2016 | 12.1% | +111.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026