Wingstop Inc Financials
This page shows Wingstop Inc (WING) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Wingstop Inc has an operating margin of 25.7%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 26.5% the prior year.
Wingstop Inc's revenue grew 11.4% year-over-year to $696.9M, a solid pace of expansion. This earns a growth score of 61/100.
With a current ratio of 3.26, Wingstop Inc holds $3.26 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Wingstop Inc converts 15.2% of revenue into free cash flow ($105.6M). This strong cash generation earns a score of 76/100.
Wingstop Inc earns a strong 23.6% return on equity (ROE), meaning it generates $24 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 95/100.
Wingstop Inc scores 3.57, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($6.9B) relative to total liabilities ($1.4B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Wingstop Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Wingstop Inc generates $0.88 in operating cash flow ($153.1M OCF vs $174.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Wingstop Inc generated $696.9M in revenue in fiscal year 2025. This represents an increase of 11.4% from the prior year.
Wingstop Inc's EBITDA was $204.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.4% from the prior year.
Wingstop Inc generated $105.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 0.1% from the prior year.
Wingstop Inc reported $174.3M in net income in fiscal year 2025. This represents an increase of 60.3% from the prior year.
Wingstop Inc earned $6.21 per diluted share (EPS) in fiscal year 2025. This represents an increase of 67.8% from the prior year.
Wingstop Inc held $196.6M in cash against $1.2B in long-term debt as of fiscal year 2025.
Wingstop Inc paid $1.14 per share in dividends in fiscal year 2025. This represents an increase of 16.3% from the prior year.
Wingstop Inc had 28M shares outstanding in fiscal year 2025. This represents a decrease of 3.9% from the prior year.
Wingstop Inc's gross margin was 86.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the prior year.
Wingstop Inc's operating margin was 25.7% in fiscal year 2025, reflecting core business profitability. This is down 0.7 percentage points from the prior year.
Wingstop Inc's net profit margin was 25.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.6 percentage points from the prior year.
Wingstop Inc's ROE was 23.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Wingstop Inc spent $221.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 29.5% from the prior year.
Wingstop Inc invested $47.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 8.6% from the prior year.
WING Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|
| Revenue | $175.7M0.0% | $175.7M+0.8% | $174.3M+1.9% | $171.1M+59.6% | $107.2M-1.4% | $108.7M |
| Cost of Revenue | $24.5M+0.6% | $24.3M-0.3% | $24.4M+6.9% | $22.8M+37.2% | $16.6M-0.3% | $16.7M |
| Gross Profit | $151.2M-0.1% | $151.4M+1.0% | $149.9M+1.1% | $148.3M+63.8% | $90.5M-1.6% | $92.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $33.3M+8.7% | $30.7M-6.9% | $32.9M+4.8% | $31.4M+42.1% | $22.1M-6.4% | $23.6M |
| Operating Income | $46.8M-4.3% | $49.0M+8.2% | $45.2M+18.2% | $38.3M+44.6% | $26.5M+3.1% | $25.7M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $10.8M-2.8% | $11.2M+11.5% | $10.0M-67.7% | $30.9M+408.9% | $6.1M+15.9% | $5.2M |
| Net Income | $26.8M-6.0% | $28.5M+6.4% | $26.8M-71.0% | $92.3M+470.2% | $16.2M+3.3% | $15.7M |
| EPS (Diluted) | $0.99-2.9% | $1.02+6.3% | $0.96-70.4% | $3.24+500.0% | $0.54+3.8% | $0.52 |
WING Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|
| Total Assets | $693.4M-3.8% | $721.0M+1.8% | $708.3M+1.6% | $696.8M+54.4% | $451.2M0.0% | $451.3M |
| Current Assets | $267.5M-16.5% | $320.2M+2.4% | $312.8M-3.5% | $324.3M+36.1% | $238.2M-4.5% | $249.4M |
| Cash & Equivalents | $196.6M-17.3% | $237.6M+4.3% | $227.9M-9.3% | $251.4M+33.4% | $188.5M-3.9% | $196.2M |
| Inventory | $535K+174.4% | $195K+4.8% | $186K | N/A | N/A | N/A |
| Accounts Receivable | $20.8M+7.2% | $19.4M-31.6% | $28.4M+53.9% | $18.5M+71.7% | $10.7M+6.0% | $10.1M |
| Goodwill | $83.9M+5.9% | $79.2M0.0% | $79.2M+6.0% | $74.7M+14.6% | $65.2M+4.3% | $62.5M |
| Total Liabilities | $1.4B+0.5% | $1.4B+2.1% | $1.4B-1.2% | $1.4B+72.9% | $816.6M-1.7% | $831.1M |
| Current Liabilities | $82.0M+3.8% | $79.0M+10.3% | $71.6M-21.3% | $91.0M+54.8% | $58.8M-25.9% | $79.3M |
| Long-Term Debt | $1.2B+0.1% | $1.2B+0.1% | $1.2B+0.1% | $1.2B+69.7% | $711.4M+0.8% | $705.5M |
| Total Equity | -$736.8M-4.9% | -$702.6M-2.4% | -$686.0M+4.1% | -$715.0M-95.7% | -$365.4M+3.8% | -$379.8M |
| Retained Earnings | -$744.9M-5.0% | -$709.7M-1.7% | -$697.6M+3.0% | -$719.3M-95.8% | -$367.3M+3.4% | -$380.4M |
WING Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $57.3M-10.3% | $63.9M+870.4% | $6.6M-74.0% | $25.3M+106.2% | $12.3M-65.6% | $35.7M |
| Capital Expenditures | $22.8M+928.8% | $2.2M-84.5% | $14.4M+79.0% | $8.0M-36.7% | $12.7M+193.7% | $4.3M |
| Free Cash Flow | $34.5M-44.1% | $61.7M+892.8% | -$7.8M-145.0% | $17.3M+4272.0% | -$414K-101.3% | $31.4M |
| Investing Cash Flow | -$32.2M-1348.2% | -$2.2M+90.6% | -$23.6M-158.2% | $40.5M+326.4% | -$17.9M-314.1% | -$4.3M |
| Financing Cash Flow | -$69.3M-43.7% | -$48.2M-452.2% | -$8.7M+93.8% | -$140.4M-1826.9% | -$7.3M+27.8% | -$10.1M |
| Dividends Paid | $8.4M-0.2% | $8.4M+10.4% | $7.6M-5.7% | $8.0M+39.8% | $5.8M-5.4% | $6.1M |
| Share Buybacks | $61.1M+52.9% | $40.0M | $0-100.0% | $120.8M | N/A | N/A |
WING Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|
| Gross Margin | 86.1%-0.1pp | 86.2%+0.2pp | 86.0%-0.7pp | 86.7%+2.2pp | 84.5%-0.2pp | 84.6% |
| Operating Margin | 26.7%-1.2pp | 27.9%+1.9pp | 25.9%+3.6pp | 22.4%-2.3pp | 24.7%+1.1pp | 23.6% |
| Net Margin | 15.2%-1.0pp | 16.2%+0.9pp | 15.3%-38.6pp | 53.9%+38.8pp | 15.1%+0.7pp | 14.4% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 3.9%-0.1pp | 4.0%+0.2pp | 3.8%-9.5pp | 13.2%+9.6pp | 3.6%+0.1pp | 3.5% |
| Current Ratio | 3.26-0.8 | 4.05-0.3 | 4.37+0.8 | 3.56-0.5 | 4.05+0.9 | 3.14 |
| Debt-to-Equity | -1.64+0.1 | -1.72+0.0 | -1.76-0.1 | -1.69+0.3 | -1.95-0.1 | -1.86 |
| FCF Margin | 19.6%-15.5pp | 35.1%+39.5pp | -4.5%-14.6pp | 10.1%+10.5pp | -0.4%-29.3pp | 28.9% |
Note: Shareholder equity is negative (-$736.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Wingstop Inc's annual revenue?
Wingstop Inc (WING) reported $696.9M in total revenue for fiscal year 2025. This represents a 11.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Wingstop Inc's revenue growing?
Wingstop Inc (WING) revenue grew by 11.4% year-over-year, from $625.8M to $696.9M in fiscal year 2025.
Is Wingstop Inc profitable?
Yes, Wingstop Inc (WING) reported a net income of $174.3M in fiscal year 2025, with a net profit margin of 25.0%.
What is Wingstop Inc's earnings per share (EPS)?
Wingstop Inc (WING) reported diluted earnings per share of $6.21 for fiscal year 2025. This represents a 67.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Wingstop Inc's EBITDA?
Wingstop Inc (WING) had EBITDA of $204.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Wingstop Inc have?
As of fiscal year 2025, Wingstop Inc (WING) had $196.6M in cash and equivalents against $1.2B in long-term debt.
What is Wingstop Inc's gross margin?
Wingstop Inc (WING) had a gross margin of 86.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Wingstop Inc's operating margin?
Wingstop Inc (WING) had an operating margin of 25.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Wingstop Inc's net profit margin?
Wingstop Inc (WING) had a net profit margin of 25.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Wingstop Inc pay dividends?
Yes, Wingstop Inc (WING) paid $1.14 per share in dividends during fiscal year 2025.
What is Wingstop Inc's return on equity (ROE)?
Wingstop Inc (WING) has a return on equity of 23.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Wingstop Inc's free cash flow?
Wingstop Inc (WING) generated $105.6M in free cash flow during fiscal year 2025. This represents a -0.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Wingstop Inc's operating cash flow?
Wingstop Inc (WING) generated $153.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Wingstop Inc's total assets?
Wingstop Inc (WING) had $693.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Wingstop Inc's capital expenditures?
Wingstop Inc (WING) invested $47.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Wingstop Inc buy back shares?
Yes, Wingstop Inc (WING) spent $221.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Wingstop Inc have outstanding?
Wingstop Inc (WING) had 28M shares outstanding as of fiscal year 2025.
What is Wingstop Inc's current ratio?
Wingstop Inc (WING) had a current ratio of 3.26 as of fiscal year 2025, which is generally considered healthy.
What is Wingstop Inc's debt-to-equity ratio?
Wingstop Inc (WING) had a debt-to-equity ratio of -1.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Wingstop Inc's return on assets (ROA)?
Wingstop Inc (WING) had a return on assets of 25.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Wingstop Inc's debt-to-equity ratio negative or unusual?
Wingstop Inc (WING) has negative shareholder equity of -$736.8M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Wingstop Inc's Altman Z-Score?
Wingstop Inc (WING) has an Altman Z-Score of 3.57, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Wingstop Inc's Piotroski F-Score?
Wingstop Inc (WING) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Wingstop Inc's earnings high quality?
Wingstop Inc (WING) has an earnings quality ratio of 0.88x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Wingstop Inc?
Wingstop Inc (WING) scores 86 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.