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Starbucks vs Wendy's: SBUX and WEN compared
Starbucks is the larger company: $9.1B of revenue in its latest quarter (Q4 FY26) against $547M for Wendy's (Q3 2026). Wendy's is growing faster (-0.5% against -4% a year earlier). Starbucks is more profitable, with an operating margin of 10.8% against 10.2%.
Where the money goes: SBUX and WEN
Starbucks (SBUX) · Q4 FY26
Starbucks, Q4 FY26: revenue $9.1B (-4% year over year), operating margin 10.8%, net earnings $677M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
Wendy's (WEN) · Q3 2026
Wendy's, Q3 2026: revenue $547M (-0.5% year over year), operating margin 10.2%, net earnings $15.1M, operating cash flow $79.0M. The chart follows the revenue to costs, profit and cash.
| Starbucks (SBUX) | Wendy's (WEN) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $9.1B | $547M |
| Revenue growth, Y/Y | -4% | -0.5% |
| Operating margin | 10.8% | 10.2% |
| Net earnings | $677M | $15.1M |
| Net margin | 7.4% | 2.8% |
| Operating cash flow | $1.4B | $79.0M |
| Free cash flow | $1.0B | $61.7M |
| Market value | $120.6B | $1.6B |
| P/E | 60.8× | 16.1× |
| Analysts’ mean target | $110.76 | $7.53 |
Where the revenue comes from
Starbucks
- Company-operated coffeehouses: $7.4B (81%)
- Licensed coffeehouses: $1.2B (13%)
- Other: $516M (6%)
Wendy's
- Sales: $235M (43%)
- Franchise royalty revenue and fees: $142M (26%)
- Advertising funds revenue: $111M (20%)
- Franchise rental income: $58.5M (11%)
Questions
Which is bigger, Starbucks or Wendy's?
Starbucks is the larger company: $9.1B of revenue in its latest quarter (Q4 FY26) against $547M for Wendy's (Q3 2026).
Is Starbucks or Wendy's growing faster?
Wendy's is growing faster (-0.5% against -4% a year earlier).
Which is more profitable, Starbucks or Wendy's?
Starbucks is more profitable, with an operating margin of 10.8% against 10.2%.
More: Starbucks earnings · how Starbucks makes money · Wendy's earnings · how Wendy's makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Oct 29, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.