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Chagee vs Wendy's: revenue, profit, margins and growth compared

Chagee brought in $1.8B of revenue in fiscal 2025, Wendy's $2.2B in fiscal 2025. Chagee kept 9.1% of its revenue as net profit, Wendy's 7.6%. Free cash flow was $175.5M at Chagee and $242.6M at Wendy's.

Side by side, latest fiscal year

CHAWEN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 28, 2025)
Revenue$1.8B$2.2B
Revenue growthn/a-3.1%
Net income$167.5M$165.1M
Net margin9.1%7.6%
Free cash flow$175.5M$242.6M
Free cash flow margin9.5%11.1%
Earnings per share (diluted)$0.88$0.85
Cash$1.1B$300.8M
Debtn/a$2.8B
Price to earningsn/a7.7
Market value$2.2B$1.2B
Dividend yieldn/a10.23%
Rank by revenue in sector#368 of 778 · Consumer discretionary#340 of 778 · Consumer discretionary

Over the years

Revenue
CHA FY2025: $1.8BWEN FY2018: $1.6BWEN FY2019: $1.7BWEN FY2020: $1.7BWEN FY2021: $1.9BWEN FY2022: $2.1BWEN FY2023: $2.2BWEN FY2024: $2.2BWEN FY2025: $2.2BFY18FY19FY20FY21FY22FY23FY24FY25
CHA $1.8BWEN $2.2B
Net income
CHA FY2025: $167.5MWEN FY2018: $460.1MWEN FY2019: $136.9MWEN FY2020: $117.8MWEN FY2021: $200.4MWEN FY2022: $177.4MWEN FY2023: $204.4MWEN FY2024: $194.4MWEN FY2025: $165.1MFY18FY19FY20FY21FY22FY23FY24FY25
CHA $167.5MWEN $165.1M
Net margin
CHA FY2025: 9.1%WEN FY2018: 28.9%WEN FY2019: 8.0%WEN FY2020: 6.8%WEN FY2021: 10.6%WEN FY2022: 8.5%WEN FY2023: 9.4%WEN FY2024: 8.7%WEN FY2025: 7.6%FY18FY19FY20FY21FY22FY23FY24FY25
CHA 9.1%WEN 7.6%
Revenue growth
WEN FY2019: +7.5%WEN FY2020: +1.5%WEN FY2021: +9.4%WEN FY2022: +10.5%WEN FY2023: +4.1%WEN FY2024: +3.0%WEN FY2025: -3.1%FY19FY20FY21FY22FY23FY24FY25
CHAWEN -3.1%
Free cash flow
CHA FY2025: $175.5MWEN FY2018: $154.4MWEN FY2019: $214.5MWEN FY2020: $215.4MWEN FY2021: $267.8MWEN FY2022: $174.4MWEN FY2023: $260.4MWEN FY2024: $260.9MWEN FY2025: $242.6MFY18FY19FY20FY21FY22FY23FY24FY25
CHA $175.5MWEN $242.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Chagee and Wendy's

Which is bigger by revenue, Chagee or Wendy's?

Wendy's is bigger by revenue: $2.2B in fiscal 2025, against $1.8B for Chagee in fiscal 2025.

Which keeps more of its revenue as profit, Chagee or Wendy's?

Chagee had a net margin of 9.1% in fiscal 2025; Wendy's had 7.6% in fiscal 2025.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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